Brett Kavanaugh’s yearbook comes back to bite

Brett Kavanaugh’s yearbook comes back to bite

by Kate Kelly and David Enrich Brett Kavanaugh's page in his high school yearbook offers a glimpse of the teenage years of the man who is now President Donald Trump's Supreme Court nominee: lots of football, plenty of drinking, parties at the beach. Among the reminiscences about sports and booze is a mysterious entry: "Renate…
Meet Dan Ariely, the hedge fund star who never looks at financials

Meet Dan Ariely, the hedge fund star who never looks at financials

Dan Ariely hasn't looked at a profit and loss statement or a balance sheet in the past five years. And yet his hedge fund, Irrational Capital, has smashed the S&P 500 even during one of the longest bull markets in history. The story of how the Duke University professor has achieved this feat was yet…
Glass ceiling? Female CEOs face the glass cliff

Glass ceiling? Female CEOs face the glass cliff

Dana Nelson, the chief executive of cleaning-to-laundry services group Spotless, may not have been handed a poisoned chalice during her career, but she has certainly been given "problematic assignments". About 15 years ago Nelson was offered a broader operational role at a previous employer because it was considered she had the requisite problem-solving skills. The…
2018 AFR Young Rich List: Atlassian co-founders Australia’s richest young entrepreneurs

2018 AFR Young Rich List: Atlassian co-founders Australia’s richest young entrepreneurs

This year marks the 15th anniversary of the Young Rich List, which recognises self-made wealth created by people's ingenious ideas, hard work and determination. To put the scale of the wealth of this current crop of people aged 40 and under into context, the richest person on the inaugural list in 2003 was the late…
Financial Review quarterly survey of economists: consumption growth at risk

Financial Review quarterly survey of economists: consumption growth at risk

Growth as a risk Consumption growth has been highlighted as a risk in the context of low household income growth by the Reserve Bank, which warned in the November statement on monetary policy that declines in housing and equity prices will weigh on household wealth. For that reason it welcomed the pick-up in wages growth…
Home flipper start-up ​Opendoor valued at $2.8 billion as property tech booms

Home flipper start-up ​Opendoor valued at $2.8 billion as property tech booms

by Erin Griffith Opendoor, a start-up that flips homes, attracted attention in June when it announced it had raised $US325 million ($450 million) from a long list of venture capitalists. The financing valued the four-year-old company at more than $US2 billion ($2.8 billion). That was only an appetiser. Three months later, Opendoor has more than…
2018’s best real estate agent? Ray White’s Malek Younan is SQM Research’s winner

2018’s best real estate agent? Ray White’s Malek Younan is SQM Research’s winner

"While other lists mainly focus on which agents sell the most property in dollar value, this Top 100 list was created to focus on vendors' needs and is more about how quickly agents can sell properties, as well as their relative market share," SQM Research chief executive Louis Christopher said. "Ultimately, we believe vendors are…
Labor is right to hike super taxes at incomes of $200k: research

Labor is right to hike super taxes at incomes of $200k: research

But because of the way division 293 tax is calculated, the effects of an $180,000 threshold would creep beyond high-income earners, the researchers add. "We therefore conclude that a threshold of $200,000 would be most appropriate and in line with the proposed objective of superannuation." Super contributions are usually taxed at 15 per cent. The…
Sydney hailstorm declared a catastrophe by Insurance Council of Australia

Sydney hailstorm declared a catastrophe by Insurance Council of Australia

Residents are waking up to inspect the damage caused by a "catastrophic" storm which saw hail smash windows and batter roofs across Sydney and beyond. Multiple storm fronts converged on the Hunter Valley, Wollongong and Sydney on Thursday afternoon, prompting a severe weather warning from the Bureau of Meteorology. Tennis ball-sized hail smashed homes and…
Chris Bowen slams government’s ‘pathetic’ response to ACCC interest-only report

Chris Bowen slams government’s ‘pathetic’ response to ACCC interest-only report

The Treasurer described the interventions to cool the housing market as "necessary" however Mr Bowen highlighted the anti-competitive impact of the measures and the cost to the taxpayer. Mr Bowen said the profiteering of the banks was being underwritten by the taxpayer via negative gearing arrangements which the Productivity Commission estimates costs the taxpayer $500…

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