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Policy change hits health-care cards

THE negative impact of a policy change in this year's federal budget keeps broadening. From July 1 next year, tax-exempt superannuation pensions will be counted not only for the super co-contribution and Centrelink benefits, but when assessing a person's entitlement to health-care cards.
12yr ago

CMC Markets Weekly Report

The Australian Stock Market suffered another losing week, with the S&P/ASX 200 giving up 139.5 points to close the week at 4840.4. The market has now ended in the red for nine consecutive weeks. The Dow Jones Index rose more than 200 points on Thursday night despite the fact that Merrills, Microsoft and Google all released forecasts that fell short of analyst's targets. Citigroup reported a smaller than expected second-quarter loss on Friday, helping the Dow Jones to rise nearly 50 points. Softer Commodity Prices helped push Rio and BHP lower as Oil and Gold both retreated from their highs.

12yr ago

Superannuation returns in perspective

Jitters about the effects of market movements on superannuation are only natural, but should you really be worried? Recent headlines like “Super fund returns worst for 20 years”1 highlight the effects market movements have on short-term super performance.
12yr ago

Hot stock

What's new? We hear so much about the need to create competitive goods-and-services markets. Competitive labour markets are crucial to keeping wages and therefore inflation down. But where's the competition at the executive end of the labour market? The answer is that it's non-existent. Rising executive wages and poor performance attest to it.
12yr ago

Spin fails reality test

Have you noticed that every second advertisement for retirement investment advice features the same couple: fit, good-looking, smiling broadly as they holiday in the lap of luxury.
12yr ago

Bailout plan for two giant US lenders

TO AVERT a second crisis of confidence in US credit markets, the United States Government has stepped in to prop up the two mortgage giants, Fannie Mae and Freddie Mac, before the markets opened again yesterday
12yr ago

New rail tunnel may be privatised

A NEW $7 billion rail tunnel for Melbourne could be privatised under funding options being considered by the State Government and supported by public transport group Metlink.
12yr ago

New rail tunnel may be privatised

A PROPOSED $7 billion rail tunnel from Footscray to Caulfield could be privatised under funding options being considered by the Brumby Government and being backed by Metlink, the body that promotes Melbourne's public transport operations.
12yr ago

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