Category: Business & Markets

Homeowners, Renters Struggling With Housing Stress: Research

A significant percentage of Australians are experiencing housing stress amid a sharp growth in rents and interest rates, according to new research. The national housing campaign Everybody’s Home, launched by a coalition of housing, homelessness, and welfare organisations has released a report (pdf) revealing the impact of the housing crisis on the community. The report,…


Nearly 20,000 Sign Petition Against ‘Misinformation’ Laws

Nearly 20,000 individuals have signed a petition against federal laws targeting “misinformation” in Australia. Former MP George Christensen warned the country could be plunged into an “Orwellian nightmare.” “This proposed legislation aims to have so-called ‘misinformation’ removed from the internet by fining social media companies and other online companies that allow free speech,” he wrote…


House Republicans Call on Senate to Pass Energy Bill and Revive American Mining

Regulatory and judicial reforms adopted by the House in HR 1, the Lower Energy Costs Act, and being proposed in other bills, are urgently needed to unshackle America’s mining industry before the nation faces significant economic and national security challenges, Republicans warned during a Congressional field hearing on critical mineral development in Goodyear, Arizona, on…


Home Building Set to Grind to a Halt With New Red Tape, Housing Pressures Continue

Commentary No one wants anyone to be living in substandard conditions, and we all want the disabled to live full lives, but how far can we go in making this possible? The National Construction Code (NCC) has taken it one step too far. It will result in less affordable houses, and insoluble design issues, even making certain…


Former Dow CEO Backs Nuclear for Australia

The former CEO of Dow Chemical has backed Australia’s adoption of nuclear power. Andrew Liveris, now president of the Organising Committee for the 2032 Games, said the Australian government needed to seriously consider small modular reactors (SMRs). “I definitely am in the school of thinking that when you think about the technologies to get us…


Potential Labor Strikes Worsen Companies’ Inflation Struggle

Commentary Businesses have already been struggling with inflation for more than a year. But this summer, the biggest wave of labor strikes in more than 50 years will further complicate their inflation fight. Almost 700,000 workers, across several companies in different industries, are threatening to go on strike this summer in an effort to secure…


Elon Musk Announces the End of Twitter’s Bird Logo

Elon Musk announced Sunday he is now looking to change Twitter’s bird logo to an “X” in what could be another major change to the social media platform he purchased last year. In a series of posts on his Twitter account that were issued at around 12 a.m. ET, Mr. Musk said that he’s looking…


Political Backlash Is Upsetting Corporate Enthusiasm for ESG, DEI, Survey Suggests

Environmental, social, and governance (ESG) initiatives have been political and partisan from their inception, but with some 30 states pushing legislation to curb these efforts, there are signs that corporate enthusiasm for ESG is starting to wane. According to a recent survey (pdf), most corporate social impact teams—a term that overlaps with ESG and DEI…


Meta’s Twitter Alternative Sees Declining Engagement

The social media platform Threads, owned by Facebook’s Meta and being promoted as a Twitter competitor, is losing more and more users, while its leadership says that new features are coming to remedy the situation. Threads was launched in July and hit a peak of 100 million sign-ups initially. However, it has been on a…


Prosecutors Say FTX Founder Sam Bankman-Fried Is Harassing a Key Witness at His Upcoming Trial

NEW YORK—FTX founder Sam Bankman-Fried is harassing a key witness against him at his upcoming trial by giving a newspaper personal things she wrote while she was the chief executive of his cryptocurrency hedge fund trading firm, prosecutors say. They asked a judge late Thursday to order trial participants not to make statements that might…