Events

April 11, 2014 2:15 pm

Will The Tech Stock Drops Cause a Stock Market Crash?

Dorian Traill2023-03-03T00:01:40+10:00

US tech stocks plummeted to two year lows on Thursday, causing investors to draw their own speculations. Swiss investor Marc Faber went as far as saying that the recent stock drops are going to send ripples and cause a stock market crash – even worse than the one experienced in 1987. He argued that technology stocks are vulnerable as they are valued at price to sales and that they don’t have earnings. He also bashed the Federal Reserve and calls it a “clueless organization”, causing investors to lose confidence. He predicts the S&P to drop between 20% and 30%. Mr. [...]

Will The Tech Stock Drops Cause a Stock Market Crash?Dorian Traill2023-03-03T00:01:40+10:00

New Central Business District Plan in Sydney Criticized

Dorian Traill2023-03-03T00:01:40+10:00

Parramatta has been known as a business district in metropolitan Sydney and has been considered a major government center since 2000 due to the transfer of government agencies and the NSW Police Force from the Sydney CBD. A new metropolis is planned to rival Parramatta, as Labor MP Ed Husic proposed an ambitious plan to create a new CBD in South West Sydney to relieve transport congestion. The proposal has yet to identify a location but is planned to be the second biggest CBD that will address urban bottlenecks. The plan is to create a CBD from the ground up, [...]

New Central Business District Plan in Sydney CriticizedDorian Traill2023-03-03T00:01:40+10:00

Charge Your Phone in 30 Seconds

Dorian Traill2023-03-03T00:01:40+10:00

StoreDot, an Israeli start up is promising to change the way we charge our phone batteries. The task of having to wait for up to 2 hours will be significantly reduced with this new innovation, which claims to charge your phone in just 30 seconds. Presenting their prototype battery at the Think Next Symposium in Tel Aviv, the company demonstrated how they were able to charge a Samsung Galaxy S4 in around 30 seconds. The battery – about the size of 2 cigarette packs, is made of peptides from a chain of amino acids. When these are used to create [...]

Charge Your Phone in 30 SecondsDorian Traill2023-03-03T00:01:40+10:00

Sushi For Salary, Anyone?

Dorian Traill2023-03-03T00:01:40+10:00

The owner of two Japanese bars in Cairns is in deep water after it was found out that he short changed his employees almost $50,000, according to the Fair Work Ombudsman. Mizuno Trading Company Pty Ltd was investigated and found to have underpaid 3 Japanese and 2 Korean workers, paying them wages in $9 an hour and tried to compensate them with sushi. Company director Shoichi Mizuno claims that $9 was the market rate in Japan and added that it was all he could afford. The legal rate for the employees should have ranged between $22.86 and $30.06 an hour. [...]

Sushi For Salary, Anyone?Dorian Traill2023-03-03T00:01:40+10:00

March 28, 2014 1:52 pm

Qantas to Make Changes to Frequent Flyer Program

Dorian Traill2023-03-03T00:01:40+10:00

Qantas’ Frequent Flyer Program is undergoing a major overhaul, where points earned will now be based on their ticket class and not on the distance travelled. This has caused uproar in the community, prompting aviation commentators to warn Qantas that they are wading in unknown territory. They argue that frequent flyers view the loyalty program as a right rather than an added perk, and these changes can have negative repercussions as Virgin Airlines has become a real competitor. The changes to the program have been called “profit driven”, as the points clearly favor the more expensive seats. In an example, [...]

Qantas to Make Changes to Frequent Flyer ProgramDorian Traill2023-03-03T00:01:40+10:00

iiNet Founder to Step Down After 20 Years

Dorian Traill2023-03-03T00:01:40+10:00

iiNet, one of the biggest telecommunications company in the nation is experiencing a management shakeup after CEO Michael Malone steps down after founding the company 20 years ago. The company started out as a small Perth – based internet service provider has more than 1.3 million subscribers in the nation, making it the second largest, second to Telstra. Mr. Malone made the decision after being away for three weeks in Argentina. He said that the experience of having no phone or internet access made him contemplate on what he wants to do in the future. The former CEO has no [...]

iiNet Founder to Step Down After 20 YearsDorian Traill2023-03-03T00:01:40+10:00

Windows XP Users: The End is Near

Dorian Traill2023-03-03T00:01:41+10:00

Microsoft released Windows XP in 2001 and was the widely used operating system for computers until August 2012, when Windows 7 took over. Windows XP has been in use for more than a decade, yet there are still organizations using this operating system, including 95% of the world’s ATMs. No big fuss about that, until Microsoft decided to end support for the popular OS in 20 days. What this means, is that the tech giant will stop releasing patches and updates for Windows XP, even for those newly identified security flaws, leaving it vulnerable to hackers. Australia has 30,222 ATMs [...]

Windows XP Users: The End is NearDorian Traill2023-03-03T00:01:41+10:00

Australia’s Visa Process Not Conducive For Tourists

Dorian Traill2023-03-03T00:01:41+10:00

The World Travel and Tourism Council President David Scowsill has called upon the Australian Government to review their visa applications as more tourists are turned off by the current process. He urges the country to consider extending electronic visas for tourists as these are offered in other major countries. Australia is losing out on other rising tourist destinations, such as China and India. Their visa regulations are easy and flexible, supporting several languages and electronic visas can be used for mobile users. The country’s tourism has been mediocre because of the rules in place for visa applications, with the country [...]

Australia’s Visa Process Not Conducive For TouristsDorian Traill2023-03-03T00:01:41+10:00

Yahoo’s Market Value Doubles : Too Late For the Multinational Corporation?

Dorian Traill2023-03-03T00:01:41+10:00

Yahoo, the American multinational internet corporation that started out as a Jerry's guide to the World Wide Web in 1994 by Jerry Yang and David Filo was once a stronghold in the internet, known as the search engine of choice for web users in 1998. The company’s rapid decline was attributed to Google taking over the web in the 2000’s, where Yahoo experienced key role changes, with 4 CEO’s in a 5 year span highlighted by numerous layoffs, including 2,000 job cuts in 2012. Despite these struggles, Yahoo’s market value has doubled during the tenure of their latest CEO, Marissa [...]

Yahoo’s Market Value Doubles : Too Late For the Multinational Corporation?Dorian Traill2023-03-03T00:01:41+10:00

The Ukraine Crisis: Crimeans Vote to Join Russia

Dorian Traill2023-03-03T00:01:41+10:00

Sunday’s referendum results showed that 93% of those who voted were in favor of leaving Ukraine over Russia. The polls did not sit well with the United States and the European Union, stating that Russia’s actions were “dangerous and destabilizing.” Russian President, Vladimir Putin however, dispelled these criticisms saying that the referendum reflects the will of the Crimean people. Global markets have been holding their breath, as they await further response from Russia. In Australia, The S&P/ASX 200 Index was down by 2.4 per cent for the week, ending at 5329 points on Friday. AMP Capital’s Shane Oliver believes that [...]

The Ukraine Crisis: Crimeans Vote to Join RussiaDorian Traill2023-03-03T00:01:41+10:00

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