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Unemployment figures are bad. Here’s why the reality is worse

Official figures on employment are out but a series of factors cloud the true state of the jobs market. Why?Normal text sizeLarger text sizeVery large text sizeThe long queues outside Centrelink offices were a stark early sign of how many people had lost work during this pandemic. Across suburban Australia, thousands of people lined footpaths as they waited for financial assistance in late March and early April. Prime Minister Scott Morrison desc..

Trans-Tasman flights on the agenda when Jacinda Ardern joins national cabinet

Travellers could fly between Australia and New Zealand without undergoing 14 days of quarantine at either end of the journey, under talks between New Zealand Prime Minister Jacinda Ardern and the national cabinet to resume flights between the two countries. The discussions will put a priority on flights across the Tasman before Australia relaxes curbs on other international travel during the coronavirus pandemic, with the option of opening travel..

Investors urge governments to go green for coronavirus recovery

Major investors, Australian superannuation funds and the International Energy Agency are urging governments to seize the green opportunity to drive economic growth after the coronavirus pandemic and avoid the risks they see in high carbon emitting projects. "Recovery plans that exacerbate climate change would expose investors and national economies to escalating financial, health and social risks in the coming years," said a statement from the In..

Bridget McKenzie denies ‘special treatment’ in $100m sports affair

Former sports minister Bridget McKenzie has denied using taxpayer funds to favour marginal seats in a new response to a scathing audit of a $100 million sports funding program. In her most detailed defence to date, Senator McKenzie rejected claims of favouritism and denied seeing a contentious memo sent by one of her advisers with a spreadsheet listing projects by their electorates. Former minister Bridget McKenzie has denied using taxpayer funds..

Chinese consul general crashes Hunt’s press conference

Big business has swooped in on high-stakes political negotiations with China, parachuting in one of China’s top diplomats to speak at a Commonwealth office event as relationships between Canberra and Beijing deteriorate. Fortescue chairman Andrew Forrest surprised Health Minister Greg Hunt by inviting Victorian China Consul General Zhou Long to speak alongside him on Wednesday after the mining billionaire secured 10 million coronavirus tests from..

Morrison wants restaurant openings and domestic travel under eased restrictions

Prime Minister Scott Morrison says Australia is committed to a suppression strategy on COVID-19 and not a more hardline push to eradicate the virus, after a report from leading researchers laid bare the trade-offs of the two approaches. Mr Morrison said he could foresee relaxation of nationwide restrictions to allow people to go out for meals and travel domestically and go to New Zealand, but warned it would not be situation normal. Most internat..

Budget blues for Frydenberg as revenue evaporates

The federal budget was $10 billion behind the Morrison government's target at the end of March as measures to slow the spread of the coronavirus hit key parts of the economy. In a sign of the trouble facing Treasurer Josh Frydenberg, the budget bottom line deteriorated by almost $7.5 billion in the month as the government's key revenue streams started to dry up. Treasurer Josh FrydenbergCredit:Alex Ellinghausen Finance Department figure..

A quieter Anzac Day can be just as heartfelt

April 24, 2020 — 2.15pmFor many Australians, young and old, Anzac Day is steeped in tradition. Early mornings, candle-lit vigils, street parades, games of two-up, tales of battle and camaraderie. The sounds of the Last Post ringing out over bowed heads and silent crowds. But, as with so many other cherished traditions, COVID-19 has changed the way we celebrate Anzac Day as well. With all the usual events and gatherings cancelled, those wanting to..

National cabinet to develop sports guidelines, threatens more regulation for aged care

The Prime Minister says aged care facilities may have to get federal government permission to ban visits from friends and families and keep the elderly confined to their rooms, while pledging to develop national principles for sport and recreation during the coronavirus shutdown. Scott Morrison said there were still aged care facilities ignoring advice from the national cabinet regarding visitors and locking the elderly in their rooms and refusin..

Scott Morrison reveals $130 billion wage subsidy scheme

Prime Minister Scott Morrison has announced a $130 billion package to support the wages of up to 6 million Australian throughout the coronavirus crisis. The "Jobkeeper" subsidy will be worth $1500 a fortnight and paid to employers to pay their employees. "Our goal is to protect lives and livelihoods of Australians to protect and preserve the economy that we depend on," he said. Mr Morrison warned that many countries "may see their economies colla..

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