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Showing 231 - 240 of 3122 results for "Crisis"

Affordable housing in Budget spotlight

JAMIE WILLIAMSON  |  TUESDAY, 25 OCT 2022
... goals. "We thank the federal government for taking the first step in bringing all parties together to start tackling this crisis and look forward to working with all levels of government to ensure this is achieved in a consistent way," chief executive ...

RBA downplays exchange rate inflationary impacts

ANDREW MCKEAN  |  TUESDAY, 25 OCT 2022
... globally and unconventional monetary policies adopted by the major advanced economies in response to the global financial crisis. "Meanwhile, the RBA eased monetary policy from late 2011 because of weaker economic conditions. However, from around 2016 ...

Retirees are silent casualties of inflation: Challenger

ANDREW MCKEAN  |  MONDAY, 24 OCT 2022
... Challenger report. With retirees now living for about twice as long post-retirement, compared to the last major inflation crisis in the 1970s, the report's author, Challenger head of retirement income Aaron Minney says that many must now rethink ...

Fed seeks feedback on rules to resolve large bank failures

ANDREW MCKEAN  |  MONDAY, 17 OCT 2022
... to local communities and to the financial system," the notice said. However, as demonstrated during the global financial crisis, there were limited and objectionable options available to the FDIC for resolving the largest failed insured depository institutions ...

CPI rises despite Fed rate hikes

ANDREW MCKEAN  |  FRIDAY, 14 OCT 2022
... in 2021 to 3.2% in 2022 and 2.7% in 2023. This is the weakest growth profile since 2001, except for the global financial crisis and the acute phase of the Covid pandemic. The IMF also said: "Global inflation is forecast to rise from 4.7% in 2021 to 8.8% ...

US state public pensions fragile: Report

ANDREW MCKEAN  |  TUESDAY, 11 OCT 2022
... investments has been state and local pension plans reducing their assumed rates of return, from 8% around the financial crisis to under 7% as of 2021. This is a good thing for the long-term sustainability of pension funds, but it means recognising in ...

Federal Reserve bumps interest rate by 0.75%

JAMIE WILLIAMSON  |  FRIDAY, 23 SEP 2022
... The Fed's funds rate is now in the range of 3%-3.25%, which is the highest it's been since before the Global Financial Crisis. The Fed said it is highly attentive to inflation risks and is strongly committed to returning inflation to its 2% objective. ...

Dixon Advisory pays $7m for poor advice

JAMIE WILLIAMSON  |  TUESDAY, 20 SEP 2022
... investment scheme that sought to take advantage of the significant drop in house prices in the US during the Global Financial Crisis. It was determined that the six representatives did not conduct a reasonable investigation of the clients' circumstances ...

APRA aims to bolster financial crisis response

CASSANDRA BALDINI  |  WEDNESDAY, 7 SEP 2022
APRA has begun consulting on new prudential standards to strengthen the financial crisis response of banks, insurers and superannuation trustees. The regulator said the two proposed standards are aimed at ensuring entities are prepared to deal with ...

Affordable housing super's Achilles' heel: Weaven

CHLOE WALKER  |  TUESDAY, 6 SEP 2022
... Funds (CMSF), industry stalwart Gary Weaven said he expects the super sector will struggle with the national homelessness crisis and lack of affordability over the coming 30 years. Speaking on a panel discussing the 30 years of superannuation, Weaven ...