On today's blog:
- Don’t forget about youth unemployment
- Does piracy actually benefit Hollywood?
- Almost everyone in the know thinks the RBA will cut rates next year
- Interesting reads from around the web
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2.15pm - Don’t forget about youth unemployment
It’s easy to forget about youth unemployment. It’s an out-of-sight, out-of-mind issue that usually only gets raised when a major report points it out.
It raised nary a mention today amid news that Australia’s unemployment rate hit a 12-year high. As the graph below shows, total youth unemployment is at a 14-year high -- and it appears to be climbing.
It’s another alarming trend to watch in 2015.
12.35pm - Does piracy actually benefit Hollywood?
Yesterday afternoon, the federal government announced that it would amend the Copyright Act to give content makers the power to compel internet providers to block sites that contribute to content piracy, such as The Pirate Bay.
We thought it would be worthwhile to revisit an older video that asked a relevant question: does piracy actually benefit Hollywood? It framed the issue around the rampant illegal downloading of Game of Thrones. Fun fact: Australia leads the world in terms of the amount of times we have illegally downloaded the series.
10am - Almost everyone in the know thinks the RBA will cut rates next year
Tis the season to make predictions and analysts and experts haven’t disappointed. While it’s fascinating to contemplate the future shifts of iron ore, oil and the dollar, there’s one topic that has really stood out among this year’s estimates: the Reserve Bank of Australia’s next rates decision.
The RBA’s decision to hold the cash rate at 2.5 per cent for all of 2014 has raised the stakes on picking its next move. In light of this, Livewire, a social media platform aimed at financial analysts and commentators, conducted a survey of 130 its members to find out where they think rates will end up in 2015. The sample included retail and SMSF investors, fund managers, economists and brokers. Retail and SMSF investors made up the majority (57 per cent) of the sample, the rest of the responses were split across the other roles.
Here’s what they found:
What’s more telling however, is the industry breakdown of the above result:
While it’s interesting to see that so many of those who are ‘in the know’ suggest that rates will fall next year, keep in mind that this is still just a prediction. Anything could happen.
We’ve pointed this out on The Ticker before, but last year’s major forecasts weren’t all that accurate. Perhaps a survey may yield a better result?
9am - Interesting reads from around the web
Would you pay for Hey Hey It’s Saturday? The TV show is making yet another comeback via a web series and it’s hoping that you will pay a subscription for its content.
The rise of Swedish cyborgs: A Swedish research team is kicking off a new wave of bio-tech research that may become mainstream over the next couple of years.
Can we achieve sustainable global growth? Why 2015 will be a pivotal year in proving whether we can simultaneously grow the economy and raise global living standards.
The beginning of Coca-Cola’s next big challenge: A new ad in Mexico has pinned blame on the soft drink for the country’s obesity and diabetes crisis.
Not what the doctor ordered: Why so many of the health articles you read are junk.