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Recent Posts

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1
YoNews Portal / Barging Through NATO: Donald Trump in Europe
« Last post by YoNews on Today at 11:20:06 PM »
Barging Through NATO: Donald Trump in Europe

From his big white bird did the President descend upon his dreading European hosts, looking much like natives waiting to be slaughtered or ravished.  As Donald Trump pushed his way through NATO members (the Montenegrin prime minister, for one, felt his forceful shove), representatives shot glances of discomfort and bemusement. In a refreshing blast of […]

Source: Barging Through NATO: Donald Trump in Europe
2
Princeton professor calls Trump ‘a racist, sexist meglomaniac’ during commencement speech at Hampshire College

Daily MailMay 29, 2017 A Princeton University professor giving a commencement speech at Hampshire College in Massachusetts accused President Donald Trump of being a ‘racist, sexist megalomaniac’. Keeanga-Yamahtta Taylor, who is an assistant professor in African American studies at Princeton, delivered a roughly 20 minute speech to the graduating class of 300 students at the private liberal arts […]

Source: Princeton professor calls Trump ‘a racist, sexist meglomaniac’ during commencement speech at Hampshire College
3
#TheresaMayGIFs: UK PM’s Q&A performance sends Twitter into sarcasm spree

Published time: 30 May, 2017 01:30 Edited time: 30 May, 2017 01:32 Twitter users took a rather dim view of UK Prime Minister Theresa May’s performance in Monday night’s UK general election event with her Labour Party rival Jeremy Corbyn, with the hashtag #TheresaMayGifs trending online. Poll numbers when the election was announced in late […]

Source: #TheresaMayGIFs: UK PM’s Q&A performance sends Twitter into sarcasm spree
4
US to switch from free military grants to loans for Ukraine & others

The US will scrap many of its sizeable foreign military grants and replace them with loans, the White House’s top finance official has said. Ukraine, which received large shipments of American military equipment, is among the countries affected by the move. “We do change a couple of the foreign military programs from direct grants to […]

Source: US to switch from free military grants to loans for Ukraine & others
5
Today's News / The 20 best Australian jobs of 2017
« Last post by News Bot on Today at 11:20:04 PM »
The 20 best Australian jobs of 2017

Global jobs site Indeed has for the first time released analysis of its search data for Australia, uncovering the best local jobs.
The list of the best roles, curated from job postings, salary and growth opportunity statistics, is dominated by healthcare, technology and building and construction sectors.
However, the number one best job in Australia was marketing manager.
"While many roles are under threat of automation, creative professions such as marketing are not yet one of them," Chris McDonald, managing director, Australia and New Zealand for Indeed, told Business Insider.
"Digital marketing in particular is experiencing strong growth and employer demand and will most likely continue to do so — especially in market areas where it is still underdeveloped."
Here are Indeed's best 20 jobs:

The list was split evenly between specialised jobs requiring a university degree and those needing different training and education.
Four jobs in the top 10 were healthcare roles, including third placed registrar (doctors who have started specialist training through a medical college), general practitioner, x-ray technician and medical officer.
And Australia’s love of property is reflected in the list with four building and construction roles: site manager, builder, finisher and estimator.
Only one role is a tech role: front end developer.
"Today’s work force isn’t just looking for a competitive salary and benefits package," says McDonald.
"People also want job satisfaction, culture fit, a positive work environment and career growth opportunities.
"But while today’s job seeker may want more, many observers are concerned that the number of great opportunities available is dwindling, as the labour market grows increasingly polarised between a small number of well-paid, high-skill opportunities for a privileged few and lots of low skill, low paid work for everybody else."
Read more posts on Business Insider Australia »

Source: The 20 best Australian jobs of 2017
6
Bill Evans just outlined why he's discouraged about the outlook for the Australian economy

Australian economic growth will slow and unemployment will rise, while prices for Australia's key commodity exports, and with them the Australian dollar, will fall substantially.
And house price growth, a near-perennial feature in Australia's largest housing markets in recent years, will all but disappear.
No, it's not the view of an Australian asset manager who has just liquidated his fund's entire share portfolio, but rather that of Bill Evans, Westpac's chief economist, who, in a note released late last week, has delved a little deeper on his concerns about the outlook for the Australian economy in 2018.
As he's said recently, it's a little "discouraging".
"Despite ongoing low interest rates and a significantly more competitive Australian dollar, we expect growth will slow to 2.5% in the year to December 2018," he says.
"And that is despite the drag from the contraction in mining investment easing from subtracting 1.2 percentage points in 2016 to only 0.1 percentage point in 2018.
"This is because the significant 'outperformers' from a growth perspective in 2016 and 2017 -- residential construction and exports -- are likely to slow through 2018. In 2016, residential construction and exports contributed 1.7 percentage points to GDP growth. That is likely to slow to 0.7 percentage points in 2018."
While 2.5% GDP growth next year is hardly dire, it's still fractionally below what many now deem to be Australia's trend growth rate. It's also significantly below the 3.25% midpoint that the RBA is currently forecasting.
Along with a smaller contribution from residential construction and commodity export volumes, another factor that Evans says will weigh on growth is lacklustre spending from Australian households and businesses.
"With confidence remaining muted there appear to be disappointing prospects for household spending and business investment to 'fill the gap'," he says.
"The contribution to growth from non-mining business investment and household spending is likely to slow from 2.0 percentage points in 2017 to 1.6 percentage points in 2018."
That's not an unrealistic assessment given the symbiotic relationship that exists between household and business spending.  
Increased household debt levels, coupled with weak incomes growth largely as a result of record-low wage growth, looks like it's already having an impact on household consumption levels based on recent GDP and retail sales figures released by the ABS.
With household spending, which accounts for around 60% of the entire economy, already showing signs of weakness, it's hard to see businesses lifting their investment by any significant degree.
And throw in the prospect of a slowdown in the Australian housing market, something that Westpac says is likely to occur in the period ahead, and it's easy to see why Evans holds this view.
"We expect that house price inflation will largely disappear over the next year," he says, citing recent efforts from regulators and the government to cool price growth.
And while some point to increased public investment in infrastructure projects which could help to offset expected weakness in other areas of the economy, Evans says that while they are welcome they are "too timid and targeted tightly at Western Sydney and the NSW/Victorian regions", noting that early responses to the recent federal budget are "disappointing for employment and investment prospects".
Given these view, suggesting that the economy is likely to be sluggish next year, Evans thinks that will have implications on the outlook for labour market conditions, inflation, the Australian dollar and the Reserve Bank of Australia.
"Modest growth in household spending, a contraction in residential construction activity and a marked slowdown in house price inflation will restrain employment growth," Evans says.
"While prospects for a modest fall in the unemployment rate in 2017 seem reasonable it is likely that it will move back to 6% in 2018.
"In such circumstances it appears unlikely that the inflation rate will rise much above the bottom of the 2–3% target band despite sharp increases in electricity prices."
And with higher unemployment, soft inflationary pressures and an expectation that Australia's terms of trade will fall 16% next year on the back of weaker commodity prices -- placing renewed pressure on national incomes -- Evans says talk of a near-term interest rate hike from the RBA seems "misplaced".
"We expect the cash rate will remain on hold through 2017 and 2018. Indeed the case for lower rates in 2018 seems more reasonable than the case for higher rates," he says.
Given that outlook and the prospect of further rate hikes in the United States, Westpac says the outlook for the Australian dollar remains "bleak", forecasting that it will it end next year buying 65 US cents.
Read more posts on Business Insider Australia »

Source: Bill Evans just outlined why he's discouraged about the outlook for the Australian economy
7
TAX BOSS: Fraud allegations strike at the 'heart and values of those who work at the ATO'

Chris Jordan, the commissioner of the Australian Tax Office (ATO), first became aware that one of his deputies was connected with a massive tax fraud when he got a personal visit from Australian Federal Police commissioner Andrew Colvin.
Colvin came to Jordan's office on January 11, telling him about the personal relationship between one of the principals they were interested in, Adam Cranston, and his father, deputy commissioner Michael Cranston.
"Commissioner Colvin was clear to me that Michael Cranston was not suspected, and is still not suspected, of being involved in the syndicate and its activities of defrauding the Commonwealth," Jordan told a Senate budget estimates hearing in Canberra.
Jordon was asked by the police not to intervene, to keep all existing arrangements in place, keeping Cranston in the deputy commissioner position.
"Let me assure you, evidence to date shows that at no time did Michael Cranston directly access taxpayer data systems or access the audit cases under this investigation," says Jordon.
"And there is no evidence of actual intervention or influence on the audit cases, or of money being refunded, or of tax liability being changed. And no deals were done."
Ten people have been arrested in connection with an alleged $165 million tax fraud involving Plutus Payroll which allegedly stripped out money meant to be paid to the ATO for tax liabilities.
Cranston, a long-servicing senior executive at the ATO, was issued a court attendance notice for alleged abuse of his position as a public official. He must appear in court on June 13.
His son, Adam, 30, has been charged with conspiracy to defraud. His 24-year-old daughter, Lauren, was also arrested.
Three other senior ATO officers are being investigated by Barbara Deegan, a former Fair Work commissioner, for possible Code of Conduct breaches.
Jordon says the alleged wrongdoing of ATO officers has detracted from the success of the operation, code-named Operation Elbrus, by the ATO, the federal police and the Australian Criminal Intelligence Commission.
"I cannot overstate how much those allegations have struck at the heart and values of those who work at the ATO -- and how seriously we are taking these," he told the Senate committee.
"We are keenly aware that the community must have full trust in us -- in our integrity, objectivity and expertise -- we cannot do our job effectively without this."
"When confidence in us is jeopardised, it can impact negatively on taxpayers and on the tax system, and I will do everything in my power to eliminate the risk of that happening."
However, Jordan says there has been overwhelming support from the community, the tax profession, clients and key stakeholders.  
"By far the sentiment expressed to us, to me, has been of confidence in our administration, our ethics, sound judgement and practice," he says.  
Read more posts on Business Insider Australia »

Source: TAX BOSS: Fraud allegations strike at the 'heart and values of those who work at the ATO'
8
A controversial replay review waived off what appeared to be the Predators' first goal of the Stanley Cup Final

PK Subban's goal was reversed on a challenge by the Pittsburgh Penguins.

Source: A controversial replay review waived off what appeared to be the Predators' first goal of the Stanley Cup Final
9
Video: Activists ‘eat spaghetti’ while imitating G7 leaders to highlight famine crisis

Video courtesy of OXFAM Oxfam activists posing as G7 leaders ate spaghetti in an attempt to highlight the perceived lack of action to end the famine in four … Via Youtube

Source: Video: Activists ‘eat spaghetti’ while imitating G7 leaders to highlight famine crisis
10
Kushner Role in White House Suddenly Unclear; may ‘Return to Private Life’

Kushner Role in White House Suddenly Unclear; may ‘Return to Private Life’ Red Ice News Dispelling the Mythmakers In the first segment of Friday night’s “Trump bombshell” report published almost at the same time by Reuters and the WSJ, anonymous sources reported that Trump is preparing a “war room” upon his Saturday return from Europe, to “combat […]

Source: Kushner Role in White House Suddenly Unclear; may ‘Return to Private Life’
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