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Showing 271 - 280 of 1269 results for "Labor"

US faces deepest recession on record

ALLY SELBY  |  FRIDAY, 3 APR 2020
... 6.65 million people filed for unemployment in the US this week, in the highest level of claims received by the country's Labor Department in its history. It brings the total number of people that have filed for unemployment in the US to just shy of 10 ...

Chief economist update: Honey, COVID-19 got me sacked

BENJAMIN ONG  |  FRIDAY, 27 MAR 2020
... by comparing the projection against the trend in initial claims back to 1967". This is around a million more than the US Labor Department's official estimate of 3.3 million - released overnight - but still "dwarf every other week in history... back ...

Early release to bite retirement hard

KANIKA SOOD  |  TUESDAY, 24 MAR 2020
... Institute and the Financial Services Council. However, it has also been panned by others including Industry Super Australia and Labor who have argued dipping into superannuation should not be the first solution but the last resort. ISA's modelling ...

FPA advocates for reduced pension minimums

HARRISON WORLEY  |  FRIDAY, 20 MAR 2020
... with the retirement income review panel. De Gori's letter calls on the government to mirror the decision of the Rudd Labor government as it dealt with the fallout of the Global Financial Crisis in 2008 to reduce the minimum annual payment amount ...

Sunsuper Labor donations rile Bragg

HARRISON WORLEY  |  FRIDAY, 13 MAR 2020
A Sunsuper donation of $11,000 to the Australian Labor Party has come under intense scrutiny in a Senate committee hearing. Appearing before the Senate Economics Legislation Committee, APRA deputy chair Helen Rowell was grilled by Liberal Senator Andrew ...

SG amnesty bill finally passes

HARRISON WORLEY  |  TUESDAY, 25 FEB 2020
... (Recovering Unpaid Superannuation) Bill 2019 yesterday survived a late amendment squabble between the government and the Labor opposition to finally make its way through the parliament. The bill incentivises employers with a history of superannuation ...

Labor stands by super

HARRISON WORLEY  |  THURSDAY, 20 FEB 2020
... system, labelling those questioning the legislated rise in the superannuation guarantee an "unholy coalition". Albanese said Labor's retirement income track record "speaks for itself", but noted the system needed improvement, pointing to difficulties ...

FASEA extension passes

ELIZABETH MCARTHUR  |  THURSDAY, 13 FEB 2020
... policy team was in Canberra today - and I am pleased to confirm the bill passed the House and this included support from Labor - meaning the bill should hopefully pass through the Senate without any amendments." There was some confusion previously about ...

ISA demands pull Combet from ME Bank

HARRISON WORLEY  |  MONDAY, 10 FEB 2020
... Combet is departing the industry fund-owned bank after five years on the board, which commenced in November 2014. The former Labor minister said his chairmanship of both IFM Investors and Industry Super Australia required more of his attention as the ...

Chief economist update: It's a holiday for the Fed

BENJAMIN ONG  |  FRIDAY, 31 JAN 2020
... judges that the current stance of monetary policy is appropriate to support sustained expansion of economic activity, strong labor market conditions, and inflation returning to the Committee's symmetric 2 percent objective," it said. But hold your ...