Domain: smh.com.au

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smh.com.au

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Dec 17, 01:10

Hugh Marks Appointed New ABC Managing Director

Hugh Marks, former Nine Entertainment CEO, will become the ABC's managing director in March 2025, replacing David Anderson who resigned in August 2024. The appointment was made by ABC Chair Kim Williams following an extensive search, and comes amidst controversy surrounding Marks' previous role.

Hugh Marks Appointed New ABC Managing Director

Hugh Marks, former Nine Entertainment CEO, will become the ABC's managing director in March 2025, replacing David Anderson who resigned in August 2024. The appointment was made by ABC Chair Kim Williams following an extensive search, and comes amidst controversy surrounding Marks' previous role.

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Gender Equality

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How does Marks' experience at Nine Entertainment, including the Fairfax merger and recent controversies, inform his suitability for leading the ABC?

Marks' appointment signifies a shift in leadership at the ABC, particularly given Anderson's early departure and the ABC's history of gender imbalance in leadership. Marks' prior role at Nine involved overseeing a major media merger, demonstrating his experience in large-scale organizational changes. His compensation will decrease significantly from his previous role at Nine.

smh.com.au

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Dec 17, 16:15

Record Profit for Australian Home Sellers Masks Regional Disparities

Australian home sellers saw a record 95% profit rate in the September quarter, driven by Perth and Brisbane booms, while Sydney and Melbourne showed weakness; loss-making sales fell to a 15-year low of 5%, largely due to unit market improvements.

Record Profit for Australian Home Sellers Masks Regional Disparities

Australian home sellers saw a record 95% profit rate in the September quarter, driven by Perth and Brisbane booms, while Sydney and Melbourne showed weakness; loss-making sales fell to a 15-year low of 5%, largely due to unit market improvements.

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What factors contributed to the record-high profit rate for Australian home sellers in the September quarter, and what are the immediate implications?

Australian home sellers experienced a record-high 95% profit rate in the September quarter, exceeding the previous quarter's 94.5%. This surge, however, is primarily due to strong performances in Perth and Brisbane, masking weaker areas within Sydney and Melbourne.

smh.com.au

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Dec 17, 16:15

De Kretser's "Theory and Practice": Identity, Art, and the Limits of Theory

Michelle de Kretser's "Theory and Practice" is a 2024 novel exploring identity formation through a fragmented narrative, interweaving the protagonist's personal journey in 1980s Melbourne with reflections on art, theory, and political events like Chernobyl and AIDS. The novel questions the limits of...

De Kretser's "Theory and Practice": Identity, Art, and the Limits of Theory

Michelle de Kretser's "Theory and Practice" is a 2024 novel exploring identity formation through a fragmented narrative, interweaving the protagonist's personal journey in 1980s Melbourne with reflections on art, theory, and political events like Chernobyl and AIDS. The novel questions the limits of...

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How does de Kretser's use of narrative structure and multiple voices contribute to the novel's exploration of contradictions and complexities in personal experience?

The novel interweaves the narrator's personal journey with reflections on artistic influences, political events (like the Chernobyl disaster and the AIDS epidemic), and theoretical concepts, creating a rich tapestry of interconnected experiences. The author uses the form of the novel itself to explore its themes, referencing and engaging with the works of Virginia Woolf and other literary figures. This metafictional approach emphasizes the subjective and constructed nature of identity.

smh.com.au

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Dec 17, 22:11

Australian Retirement Income: Sufficient but with Caveats

The Australian superannuation system is projected to provide sufficient funds for a comfortable retirement for most, despite common fears; however, homeownership and future policy adjustments are crucial factors.

Australian Retirement Income: Sufficient but with Caveats

The Australian superannuation system is projected to provide sufficient funds for a comfortable retirement for most, despite common fears; however, homeownership and future policy adjustments are crucial factors.

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How do factors like homeownership, government pensions, and tax policies affect the required superannuation balance for a comfortable retirement?

Many overestimate retirement needs. Post-retirement savings include reduced work expenses, more self-sufficiency, age pension contributions, lower tax rates for retirees, and substantial discounts on various services like council rates and utilities. These factors significantly reduce required income.

smh.com.au

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Dec 16, 19:13

Alleged Chinese Spy with Prince Andrew Ties Unmasked

Yang Tengbo, a 50-year-old Chinese businessman and alleged spy with close ties to Prince Andrew, has been unmasked after a court lifted an anonymity order; he was banned from the UK for alleged covert activity on behalf of the Chinese Communist Party.

Alleged Chinese Spy with Prince Andrew Ties Unmasked

Yang Tengbo, a 50-year-old Chinese businessman and alleged spy with close ties to Prince Andrew, has been unmasked after a court lifted an anonymity order; he was banned from the UK for alleged covert activity on behalf of the Chinese Communist Party.

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Peace, Justice, and Strong Institutions

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How did Yang Tengbo gain access to such high-ranking British political and royal figures, and what were the consequences?

Tengbo's case highlights concerns about Chinese influence in the UK, particularly his access to high-ranking individuals and involvement in initiatives like the UK-China Business Leaders' Summit. His activities underscore potential national security risks and the challenges of balancing economic ties with safeguarding national interests. The revelation followed political pressure and a Home Office decision to ban him from the UK due to alleged covert activity for the Chinese Communist Party.

smh.com.au

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Dec 16, 01:09

LVMH's Surveillance of Journalist Revealed in Spy Trial

LVMH, led by Bernard Arnault, secretly spied on journalist François Ruffin and his team from 2013-2016 using a network of spies, including a homeless photographer, after Ruffin started filming a critical documentary about the company's labor practices; the surveillance was revealed during a trial of...

LVMH's Surveillance of Journalist Revealed in Spy Trial

LVMH, led by Bernard Arnault, secretly spied on journalist François Ruffin and his team from 2013-2016 using a network of spies, including a homeless photographer, after Ruffin started filming a critical documentary about the company's labor practices; the surveillance was revealed during a trial of...

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Decent Work and Economic Growth

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How did the clash between Arnault's and Ruffin's perspectives on globalization and corporate responsibility shape the events of the case?

The surveillance operation, revealed during Squarcini's trial, highlights the lengths to which powerful corporations will go to protect their image and suppress criticism. It exposes a clash between Arnault's portrayal of LVMH as a job creator and Ruffin's depiction of it as a heartless corporation that outsources jobs and closes factories.

smh.com.au

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Dec 17, 04:10

Financial Emergencies Surge in Australia: Experts Offer 2025 Planning Advice

Nearly 20 percent of Australians faced financial emergencies in 2024 due to high interest rates, cost of living increases, and alleged supermarket price gouging; experts advise proactive financial planning for 2025, including preemptive budgeting and curbing impulse spending.

Financial Emergencies Surge in Australia: Experts Offer 2025 Planning Advice

Nearly 20 percent of Australians faced financial emergencies in 2024 due to high interest rates, cost of living increases, and alleged supermarket price gouging; experts advise proactive financial planning for 2025, including preemptive budgeting and curbing impulse spending.

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No Poverty

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What were the main factors contributing to the high number of financial emergencies experienced by Australians in 2024, and what are the immediate consequences?

Almost 20 percent of Australians faced a financial emergency in 2024 due to high interest rates, the cost of living, and alleged supermarket price gouging. Experts suggest proactive financial planning for 2025 to mitigate similar issues. This includes preemptively identifying potential overspending areas and avoiding impulse purchases.

smh.com.au

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Dec 17, 22:11

Perth Housing Market Sees Record Profitability Surge

Perth's housing market saw a dramatic increase in profitability from 56% to 97% of sales turning a profit between September 2019 and September 2024, resulting in a median profit of $290,000, driven by strong value uplift despite some areas still showing losses, and potentially influenced by factors ...

Perth Housing Market Sees Record Profitability Surge

Perth's housing market saw a dramatic increase in profitability from 56% to 97% of sales turning a profit between September 2019 and September 2024, resulting in a median profit of $290,000, driven by strong value uplift despite some areas still showing losses, and potentially influenced by factors ...

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What is the key factor driving the significant increase in Perth's housing market profitability compared to other capital cities?

Perth's housing market experienced a significant turnaround in profitability over the past five years, with 97% of home sales in the September 2024 quarter resulting in profit—a substantial increase from 56% in the same period of 2019. This surge in profitability, while not the highest among capital cities (Brisbane and Adelaide held the top two spots), is notable for its dramatic improvement and resulted in a median profit of $290,000 per sale.

smh.com.au

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Dec 17, 22:11

Canberra: A Thriving Student City

Canberra, home to ANU and UC, offers students a vibrant city experience with proximity to nature, diverse suburbs like Canberra Central/Civic, Acton, Braddon, Belconnen, and Dickson each providing unique cultural and lifestyle options.

Canberra: A Thriving Student City

Canberra, home to ANU and UC, offers students a vibrant city experience with proximity to nature, diverse suburbs like Canberra Central/Civic, Acton, Braddon, Belconnen, and Dickson each providing unique cultural and lifestyle options.

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What makes Canberra a compelling student city, considering its unique blend of urban and natural environments, and how does this impact student life?

Canberra offers a high-quality student experience with renowned universities like ANU and UC, combining a cosmopolitan atmosphere with easy access to nature. Several suburbs cater to students, each with unique features and proximity to universities and amenities.

smh.com.au

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Dec 17, 22:11

Adelaide and Perth: Affordable Education and Vibrant Lifestyles for Australian Students

Adelaide and Perth, Australia's two largest non-mainstream cities, offer students affordable, high-quality education and vibrant lifestyles; Adelaide blends big-city amenities with small-town charm, while Perth boasts sunny weather, beaches, and a strong job market.

Adelaide and Perth: Affordable Education and Vibrant Lifestyles for Australian Students

Adelaide and Perth, Australia's two largest non-mainstream cities, offer students affordable, high-quality education and vibrant lifestyles; Adelaide blends big-city amenities with small-town charm, while Perth boasts sunny weather, beaches, and a strong job market.

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What makes Adelaide and Perth attractive destinations for students seeking a balance of education and lifestyle?

Adelaide and Perth, Australia's two largest non-mainstream cities, offer affordable, high-quality education and a vibrant lifestyle. Adelaide boasts a blend of big-city amenities and small-town charm, while Perth shines with its sunny climate, pristine beaches, and thriving job market.

smh.com.au

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Dec 16, 01:09

HSBC Sued for \$23 Million in Scam Losses Due to Systemic Fraud Control Failures

Australia's corporate regulator is suing banking giant HSBC for failing to protect hundreds of customers who lost over \$23 million to scams between January 2020 and August 2024 due to alleged systemic gaps in its fraud control systems, slow investigations, and inadequate prevention measures.

HSBC Sued for \$23 Million in Scam Losses Due to Systemic Fraud Control Failures

Australia's corporate regulator is suing banking giant HSBC for failing to protect hundreds of customers who lost over \$23 million to scams between January 2020 and August 2024 due to alleged systemic gaps in its fraud control systems, slow investigations, and inadequate prevention measures.

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What specific systemic failures within HSBC's fraud control systems led to over \$23 million in customer losses from scams?

HSBC is facing a lawsuit from Australia's corporate regulator, ASIC, for failing to protect customers from scams resulting in over \$23 million in losses between January 2020 and August 2024. ASIC alleges systemic failures in HSBC's fraud controls, including slow investigation times averaging 145 days and inadequate prevention measures. This led to significant financial losses for hundreds of customers, some exceeding \$90,000.

smh.com.au

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Dec 16, 01:09

Victoria Imposes Total Fire Ban Amidst Extreme Heatwave and Bushfire Risk

A total fire ban is in place across much of Victoria due to a forecast extreme heatwave (temperatures up to 46°C in some areas and 41°C in Melbourne) and strong winds, impacting six districts with an extreme fire danger rating, due to unusually dry conditions and an early start to the fire season.

Victoria Imposes Total Fire Ban Amidst Extreme Heatwave and Bushfire Risk

A total fire ban is in place across much of Victoria due to a forecast extreme heatwave (temperatures up to 46°C in some areas and 41°C in Melbourne) and strong winds, impacting six districts with an extreme fire danger rating, due to unusually dry conditions and an early start to the fire season.

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What are the underlying causes of the extreme fire danger in Victoria, and how do these factors interact to create a heightened risk?

The unusually dry conditions in western Victoria, starting earlier than usual, increase bushfire concerns. The high temperatures, strong winds, and dry grass create a dangerous combination, prompting the fire ban across several districts. This follows an already active early fire season in the state.

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