the Archive

The madman on the money

HIS portrait shows a determined man, chin tilted upwards and mouth set in a proud curve. This is John Macarthur, one of Australia’s founders, responsible for establishing our wool industry and the face of the now-defunct $2 note. Yet he ended his days shorn of his dignity,

Property millionaires on the rise

PROPERTY millionaires are on the rise with the number of suburbs where owners sold for more than $1 million up substantially on last year. The latest figures from CoreLogic RP Data reveals there are now 380 suburbs with a median house or unit price of more than

The real disaster looming for Russia

THINGS are going from bad to worse for Russia, with ratings agency Standard & Poor’s downgrading their credit rating to ‘junk’, based on a weak economic outlook. The agency dropped the rating to BB+ from BBB- as it sees the country’s financial buffers at risk amid a

The man who could break Europe … and the world

FOR Greeks, he’s the change they’ve been waiting for. For European leaders, he’s a politician’s worst nightmare. Greece’s new Prime Minister Alexis Tsipras was sworn in overnight after a stunning victory for the far-left party Syriza. Wearing no necktie and opting to eschew the traditional religious ceremony

Why the Aussie economy keeps shining

AUSTRALIA DAY is all about celebrating our culture, our lifestyle and our heritage. But we should also add our performance as an investment haven to the list of factors to celebrate and admire. Even taking off our rose coloured glasses, Australia has been one of the best

The surprising history of Monopoly

MONOPOLY is the world’s favourite board game, but its true creator would have been horrified to see what it has come to represent. In the early 1900s, a progressive economist named Henry George advocated the “single tax,” based on his belief that “individuals should own 100% of

The real cost of running your aircon

FAMILIES face a $700-a-year increase in the cost of running an airconditioner and snap price rises of as much as 15,000 per cent under little-known changes to electricity laws. To beat the changes some households may have to surrender control of their aircon to their power provider.

The madman on the money

HIS portrait shows a determined man, chin tilted upwards and mouth set in a proud curve. This is John Macarthur, one of Australia’s founders, responsible for establishing our wool industry and the face of the now-defunct $2 note. Yet he ended his days shorn of his dignity,

The lottery winner that almost wasn’t

AN AMERICAN man who bought a pair of lottery tickets at a grocery shop to break a $100 bill for lunch has ended up winning $US10 million. Massachusetts lottery officials announced Thursday that Richard Noll and his wife claimed the prize this week. He chose a one-time

‘Get the ghetto out of the store’

MCDONALD’S is facing a discrimination lawsuit after a franchisee fired more than a dozen employees because they needed to “get the ghetto out of the store”. The lawsuit, filed in the District Court in the US state of Virginia, alleges that staff at a number of McDonald’s