financializer news A weblog highlighting financial topics making news in the international media.

dumbarse tweet: The prosperity doctrine' and neoliberal Jesusing, Scott Morrison-style Van Badham Read more The video was synchronised to show MPs raising their hands in response to the lyrics You got a hundred dollar bill, get your hands up! You got a fifty dollar bill, get your hands up! Nick Scott MorrisonMP why did you delete this dumbarse tweet 13, 2018 Song lyrics not featured in the video but well known to its devotees include the question who fuckin' tonight racially explicit terms To all my niggas that they hit it from the back / Who want to have sex with no strings attached . Politicians kid themselves, but voters can see a government destroying itself Katharine Murphy Read more The use of the song was derided on social media, with Labor parliamentarians particularly critical of the light-hearted video, according to The Guardian. Kristina up if you think Scott Morrison has become unhinged Honestly, they threw Malcolm out for this nonsense 13, 2018 Tim Watts 13, 2018 The full lyrics of the song used in my earlier video from QT today were just not OK. When I found out, I asked the team to take it down, Morrison tweeted late on Thursday night. The 11-second clip from question time showed MPs raising their hands, set to the 1999 track Be Faithful by American rapper Fatman Scoop. The original social media posts included a personal message from Morrison that QT was on fire today, good work team . On Friday Morrison said that the video was a bit of fun but it's quite clear that that's not a song that's on my playlist . We're just trying to connect honestly with people, he told reporters at Bronte Beach in Sydney. Topics Scott Morrison Australian politics Social on Facebook Share on Twitter Share via Email Share on Linked InShare on Pinterest Share on Google Share on Whats AppShare on Messenger Reuse this content And some of the narks will get worked up about this sort of thing but it was a bit of fun. (news.financializer.com). As reported in the news.

rescue loan: Financial markets have grown increasingly concerned that Turkey is in danger of adding its name to the list of countries seeking a rescue loan from the International Monetary Fund, according to The Guardian. Argentina agreed a loan earlier in the summer with the IMF and only last month called on the Washington-based lender to release the funds earlier to to ease concerns that the country would not be able to meet its debt obligations over the next year. Ignoring calls for restraint from President Recep Tayyip Erdo an, the bank raised its main short-term rate from 17.5% following weeks of pressure from international investors. South Africa, Indonesia and Mexico are also among a group of emerging market economies that have seen their currencies tumble as investors desert countries that have grown quickly using large amounts of borrowed funds. Inflation also soared this month to a 15-year high of almost 18%. The currency has plunged in recent months and even after Thursday's rise was down almost 39% against the dollar this year. The Turkish lira began to recover shortly after the rate hike, strengthening by 3% to 6.16 against the dollar. (news.financializer.com). As reported in the news.

u.s: The Canadian dollar was trading at an average of 76.84 cents U.S. compared with an average of 76.22 cents U.S. on Tuesday, according to The Toronto Star. Frank Gunn / THE CANADIAN PRESS We're not there yet and I think the market is just expressing a little bit of caution there and just waiting for some sort of tangible news on the NAFTA front, she said in an interview. There was a disconnect as the overall market didn't benefit from higher commodity prices because of uncertainty over NAFTA negotiations, said Candice Bangsund, vice-president and portfolio manager for Fiera Capital. That NAFTA overhang has really weighed on the index fairly generally and the hope is that we do get some sort of positive news on that front and likely could see a relief rally on Canadian stocks. The decrease came a day after the market hit its first daily gain in September. The S&P/TSX composite index closed down 45.23 points to 16,049.02, after hitting a low of 15,993.58 on 266.3 million shares traded. (news.financializer.com). As reported in the news.

dividends: However, while living standardshave flatlined since that date, the stock market revival has been nothing short of spectacular, according to The Guardian. An investment of 10,000 in the FTSE All-share index in August 2008, before the Lehman crash, would now be worth 14,893, without including dividends, and 21,352 with dividends reinvested. As a stock market crash, it ranks alongside the dotcom bubble and the shock of 1987, says the analyst Laith Khalaf of stockbrokers Hargreaves Lansdown. Facebook Twitter Pinterest The US technology giants collectively known as Faangs Facebook, Amazon, Apple, Netflix and Google Composite Getty The US markets have gained even more. That phenomenal performance is partly down to the rise in value of the Faang stocks Facebook, Apple, Amazon, Netflix and Google and also helped by the weaker pound boosting returns for UK investors. A 10,000 investment in the S&P 500 in September 2008 would now be worth nearly 40,000, with dividends reinvested. (news.financializer.com). As reported in the news.

executive officer: Based out of Smith Falls, Ontario, Canopy Growth is a diversified global cannabis company, offering diverse brands and cannabis products, according to The Toronto Star. Canopy Growth Corporation commenced trading on Toronto Stock Exchange in 2016. You might argue our valuations are a little bit ahead of our skis, said Paul Rosen, chief executive officer of Tidal Royalty Corp., which finances weed companies. Hand-out / TMX Group Limited Tilray Inc., a marijuana company valued at nearly 9 billion, currently trades at a price-to-sales ratio of about 124. And Canopy Growth Corp.'s 11 billion-plus market value is on par with Barrick Gold Corp.'s, even though the mining firm, with 18,000 workers, is expected to post 20 times the sales this year as the 1,000-employee cannabis company. That's more than 25 times higher than Amazon Inc. and Apple Inc., the two most valuable companies in the S&P 500. (news.financializer.com). As reported in the news.

housing prices: Buyers wait for bargains as Australia's housing market hits long slide Read more The latest housing finance figures from the ABS confirm the findings of private firms that housing prices have been falling for some time now, according to The Guardian. In July, the value of housing finance was 8.3% below what it was 12 months previous the biggest annual fall since the The biggest reason for the fall has been the drop in investor housing loans a fall that is largely policy driven as the Australian Prudential Regulation Authority and RBA sought to reduce banks' exposure to risk. It has left the nation very much in debt, and while the Reserve Bank is mostly not worried, should our economy's run without a recession come to an end, we will enter an economic downturn with households and the economy more susceptible to collapsing house prices than ever before. While the value of owner-occupier housing finance is just 1.2% below its most recent peak, investor housing finance is 22% below its recent peak of December 2016 and 28% below its record level of April 2015 Given the link between the growth of housing finance and house prices, we can expect house prices, which according to some measures have been falling for nearly a year, to continue to weaken for some time yet As ever, however, the picture is not uniform. Western Australia, on the other hand, has been going backwards now for more than three-and-a-half years You might think that we would see a fall in the average size of a home loan. The total value of owner-occupier home loans has fallen in New South Wales and is slowing in Victoria, while there has been a slight pick-up in South Australia and Queensland. (news.financializer.com). As reported in the news.

leaders: Japanese Prime Minister Shinzo Abe has been pushing for a way forward in the dispute, with the two leaders holding numerous meetings and reportedly getting as close to solving the row as they have ever been, according to Nine News Australia. Speaking at an economic conference in Russia's Far East, Putin suggested that Russia and Japan sign the treaty this year and solve the territorial dispute later. To improve your experience update it here News World Putin wants peace treaty with Japan9 41am Sep 13, President Vladimir Putin suggested that Russia and Japan should sign a much-anticipated peace treaty formally ending hostilities from World War II before the end of the year. Let's sign the peace treaty - not now, but before the end of the year, without any preconditions, Putin said, addressing Abe who was also sitting at the same panel. From left Japan's Prime Minister Shinzo Abe, China's President Xi Jinping and Russia's President Vladimir Putin at the economic conference. And later we will continue to talk about all of our disagreements as friends on the basis of a peace treaty. (news.financializer.com). As reported in the news.

month period: Proprietary companies with less than 25 million in assets and turnover will be able to raise up to 5 million in any 12-month period through crowd-funding platforms, according to Nine News Australia. This bill's introduction will enable proprietary companies to obtain the capital they need to turn good ideas into commercial successes, while providing Australian investors with a larger pool of choice, assistant minister for treasury and finance Zed Seselja told parliament on Wednesday. To improve your experience update it here News National Private companies to access crowd funding11 25am Sep 12, companies will soon be able to crowd-source money without going public after draft laws cleared parliament. AAP 2018Continue reading PoliticsCONTACT USSend your photos, videos and stories to 9News News How to get rid of an unwanted swimming pool - domain.au Top Stories Hurricane Florence could cause 'catastrophic' 3m storm surgeGALLERYFlorence, new phones and a very Spanish fight for independenceexclusive Man stabbed in neck after confronting 'rubbish dumper'an hour ago Six strawberry brands recalled after more needles found (news.financializer.com). As reported in the news.

peers: While that's below recent years, when Zara was notching up to 10% year-over-year growth, it is stronger than many peers, according to The Toronto Star. A Zara store in Kobe, Japan. Inditex SA, whose brands also include Massimo Dutti and Pull&Bear, said sales at stores open for at least a year rose 4% in the six months to July 31 and that it expected comparable sales growth of 4% to 6% in the second half. Buddhika Weerasinghe/Bloomberg N / Buddhika Weerasinghe/Bloomberg N The company has for years been an industry darling, lauded for outperforming rivals and its ability to get garments from design workshops to stores in just weeks. Investors welcomed Wednesday's results and forecast, with shares rising 3% in early afternoon trading in Madrid. However, like much of the retail industry, Inditex faces the challenge of boosting profits at its bricks-and-mortar stores while also expanding its online presence amid fierce competition from new online players. (news.financializer.com). As reported in the news.

shares: The relatively small changes to its lineup, following last year's overhauled iPhone X, were widely expected by investors and the company's shares ended down 1.2 per cent at US221.07 on Wednesday, according to Nine News Australia. The strategy has been successful, helping Apple's stock to rise more than 30 per cent this year and making it the first publicly traded US company to hit a market value of more than US1 trillion. To improve your experience update it here News World Apple shows off most expensive iPhone yet12 19pm Sep 13, has introduced its largest-ever iPhone and a watch that detects heart problems in an attempt to get customers to upgrade to more expensive devices in the face of stagnant global demand for smartphones. Apple's new iPhone XS, pronounced ten S, has a 14.7cm screen, and will be sold at a starting price of US999 A1391 . The XS Max, the largest iPhone to date and one of the biggest on the market, has a 16.5cm screen, and will start selling at US1,099. The larger screen will be very important in China to turn around the trend there, because they have lost some share in the last few years, partly because of screen size, she added. They have finally added a larger-screen phone so that they can directly compete with the Galaxy Note9 products, Gartner analyst Annette Zimmermann said at the event at Apple's Silicon Valley headquarters. (news.financializer.com). As reported in the news.

trade risks: Source Bloomberg react-empty 335 More From Bloomberg Daybreak Americas01 28Sentiment Dampens Impact of Trade Risks, Nuveen's Nick Says1 hours ago01 55 25'Bloomberg Daybreak Americas' Full Show 09/13/2018 17 hours ago03 25Hurricane Florence May Force Nuclear Plants Offline01 07Turkey's Central Bank Helped, but Not Enough, Economist Greene Says All episodes and clips Bloomberg Markets Bloomberg Markets is focused on bringing you the most important global business and breaking markets news and information as it happens, according to Bloomberg. More episodes and clips06 37Shipping Industry Seeing Uncertainty From Trade War, Says Kerry Logistics' Yeo08 06Indonesia's Economy Needs to Internationalize More, Says Lembong07 02When Volatility Hits, Time to Look for Opportunities, Says DBS' Tan05 09How UPS Plans to Turn Around Tumbling Stock Price Quick Take Explaining the world with Bloomberg News More episodes and clips02 35Quantum Computing Is One Step Closer to Reality02 08China Could Soon Become the Detroit of Electric Cars02 21These People Want to Save the World - And Turn a Profit While They're At It03 21Why China Can No Longer Hide Its Health Scandals The David Rubenstein Show The David Rubenstein Show Peer-to-Peer Conversations explores successful leadership through the personal and professional choices of the most influential people in business. He speaks with Bloomberg's Erik Schatzker on Bloomberg Daybreak Americas. More episodes and clips24 03The David Rubenstein Show Dr. Jim Yong Kim24 05The David Rubenstein Show Oscar Munoz24 02The David Rubenstein Show Dennis Muilenburg24 01The David Rubenstein Show Richard Branson See all shows (news.financializer.com). As reported in the news.

uk wealth: Forty-four per cent of UK wealth is owned by 10% of households, while just 9% of wealth is owned by the bottom half, according to The Guardian. This looks set to continue, with more than half of the net increase in wealth between 2010 and 2014 captured by the top decile of households. Britain is one of the most unequal societies in Europe, where success increasingly depends on where you live and who your parents are. Yet although wealth inequality is twice as great as income inequality, which has on some measures actually fallen slightly in recent years, it has strangely received far less attention. And this needs investment and technological progress through innovation, which in turn requires rewards for the risk-taking entrepreneurs who make it happen. Of course, expectations of a better life cannot be met without wealth creation. (news.financializer.com). As reported in the news.

currencies: Bearing names such as Tether, Basis, and Saga, their value is rigidly tied to the dollar, the euro, or a basket of national currencies, according to The Guardian. It's easy to see the appeal of these units. Prominent among the new arrivals are so-called stable coins. Viable monies provide a reliable means of payment, unit of account, and store of value. Hence they are unattractive as units of account. But conventional cryptocurrencies, such as bitcoin, trade at wildly fluctuating prices, which means that their purchasing power their command over goods and services is highly unstable. (news.financializer.com). As reported in the news.

fee increases: Sun Life's headquarters in Waterloo, according to The Toronto Star. The Ontario Court of Appeal certified a class action against the company last week alleging the insurance company breached its contracts when calculating fee increases on the policies. Sun Life said it had unequivocal evidence that Met Life's agents misrepresented to Canadian consumers how the cost of their insurance could rise over the life of the policy. Mathew McCarthy / Waterloo Region Record file photo Sun Life, who now administers these policies, wanted Met Life to be on the hook for any legal claims by consumers who said they were paying more for their insurance than had been promised. Those customers scored a significant win last week after the Ontario Court of Appeal certified a class action against Sun Life alleging the insurance company breached its contracts when calculating fee increases on the policies. While the court battle was unfolding, Sun Life continued to administer the plans, charging increasing premiums to hundreds of thousands of Canadians while deceitfully concealing its knowledge that systematic sales misrepresentations had occurred, according to allegations filed in a long-running lawsuit brought by angry customers against Sun Life. (news.financializer.com). As reported in the news.

freedom insurance: Sell, sell, sell has been the rallying call in incentive programs at Freedom Insurance in 2017 and 2018, according to Nine News Australia. Cash totalling 100 was up for grabs as encouragement to sell funeral insurance, alongside an image of Cruise shouting show me the money! from his 1996 movie Jerry Maguire. To improve your experience update it trips and 'show me the money'4 11pm Sep 11, 2018Facebook Tweet Mail In the famous movie words of Tom Cruise, Freedom Insurance wants its sales staff to show me the money! . Trips to Bali, Vespa scooters, Sydney Harbour cruises and cash have all been used as prizes to aggressively drive sales of insurance. Another campaign used a photo of American rapper 50 Cent holding a stack of cash and offered 150 for the team to smash 400 lives insured by lunchtime. That will not happen under my watch, he declared on Tuesday. The campaigns were absolutely inappropriate, Freedom chief operating officer Craig Orton told the banking royal commission. (news.financializer.com). As reported in the news.

ground dreamstime: The influential materials, energy and financial sectors were lower in late-morning trading as Canada's main stock index lost ground, according to The Toronto Star. Dreamstime It's as if the market is just holding its breath because we are in front of a lot of news, she said in an interview. The 17th anniversary of the terrorist attacks in the United States was basically flat but marked the first TSX gain since Aug. 29, said Catharine Sterritt, portfolio manager for CIBC Asset Management. Sterritt pointed to the prospect of important details coming out of Liberal caucus meetings in Saskatoon about the government's response to the Trans Mountain judicial pipeline decision and the federal response to the U.S. competitive advance from its adoption of accelerated depreciation. The market recovered some of the losses over the past seven trading sessions but was still down 1.8 per cent from when it began to lose ground. Markets are awaiting the conclusion of NAFTA negotiations in the coming weeks as well as China's response to further potential trade tariffs imposed by the U.S. Article Continued Below The S&P/TSX composite index closed up 37.16 points to 16,094.25, after reaching a high or 16,111.65 on 215.6 million shares traded. (news.financializer.com). As reported in the news.

justice department: Mark Meadows of North Carolina, who said on Monday that newly-discovered text messages between Strzok and Page discussing a media leak strategy with DOJ suggest a coordinated effort by the FBI and the Justice Department to release information in the public domain potentially harmful to President Donald Trump's administration, according to CNN. Special counsel Robert Mueller removed Strzok from his team investigating Russian interference in the 2016 election last summer after an internal investigation uncovered a trove of private text messages with Page showing their contempt for Trump. At issue are claims made by Republican Rep. In turn, the President and his allies on Capitol Hill have seized on these messages, at times pushing claims without providing any evidence to substantiate them, with the apparent aim of discrediting the special counsel's investigation. In his letter, Meadows also cites additional text exchanges and a contemporaneous news article about former Trump foreign policy aide Carter Page presented with little context. CNN has not obtained a full record of the latest batch of text messages Meadows references, but according to a letter from Meadows to Deputy Attorney General Rod Rosenstein, Strzok texted Page on April 10, 2017 to say, I want to talk to you about media leak strategy with DOJ before you go. (news.financializer.com). As reported in the news.

power: Premier Daniel Andrews and Energy Minister Lily D'Ambrosio on Tuesday announced six successful projects which are expected to deliver power to more than 646,000 homes once complete, according to Nine News Australia. It's a fact that the quickest new build of energy, the cheapest new build of energy that you can get into the system, is renewable energy, Ms D'Ambrosio told reporters. To improve your experience update it govt beefs up renewable energy3 29pm Sep 11, 2018Facebook Tweet Mail New solar and wind farms will pump more than 900 megawatts of energy into Victoria's grid following the state government's reverse auction. The government ran a reverse auctions scheme which saw project developers compete to be the lowest-cost provider. Berrybank wind farm west of Geelong, will produce 180MW; Cawarp solar farm south of Mildura will produce 121.6MW; Cohuna solar farm north-west of Echuca will produce 34.2MW; Dundonnell wind farm north-east of Warrnambool will produce 336MW; Mortlake South wind farm will produce 157.5MW; and Winton solar farm near Benalla will produce 98.8MW. Building will start early 2019 and they are expected to be completed in 2020. Mr Andrews called it a stunning success and Ms D'Ambrosio said it provided the certainties investors needed. (news.financializer.com). As reported in the news.

kevin hassett: The White House's chief economic adviser, Kevin Hassett, admitted that Donald Trump had been wrong to claim that GDP growth was higher than the unemployment rate for the first time in 100 years, according to The Guardian. On Monday morning, Trump wrote on Twitter The GDP Rate 4.2% is higher than the Unemployment Rate 3.9% for the first time in over 100 years! Sign up to receive the top US stories every morning Asked about the veracity of the statement later that day at a White House press briefing, Hassett said So I can tell you what is true. But on Monday, the American people were treated to both. What is true is that it's the highest in 10 years. Standing behind the same podium where the former White House press secretary Sean Spicer once falsely claimed that Trump's inauguration drew the largest crowd there had ever been, Hassett thanked the reporter for the chance to set the record straight. And at some point somebody probably conveyed it to him adding a zero to that and they shouldn't have done that. (news.financializer.com). As reported in the news.

mckinnon: The other two suspects have been granted police bail, following their arrests yesterday, according to Nine News Australia. Rachel Roberta McKinnon, 27, shook her head while sitting in the dock as her application to be released on bail was refused. To improve your experience update it here News National Cops seize millions in cash and drugs in major syndicate bust By Sam Cucchiara Reporter8 02pm Sep 11, 2018Facebook Tweet Mail Two of the four people dramatically arrested by police and accused of being part of a major Brisbane drug ring have been kept behind bars. Queensland Police have seized more than 1.5 million in cash. Queensland Police Detectives from the gang-busting Taskforce Maxima stormed a New Farm apartment yesterday, moments before they pounced on a couple during a dramatic roadside arrest. Queensland Police A property at Tingalpa was also raided, where a further kilogram of cannabis and more than 9000 in cash was seized. (news.financializer.com). As reported in the news.

one-ticket solution: Investing in lower-cost exchange-traded funds, or ETFs, seems like a good alternative, according to The Toronto Star. A one-ticket solution to exchange-traded funds was introduced in Canada earlier this year. However, many investors are fed up with high fees that are being charged on mutual funds that rarely match, let alone outperform, the market. Dreamstime The knock on ETFs is that they can be complicated for do-it-yourself investors to manage and get proper diversification across Canadian, U.S. and international stock markets not to mention adding the right mix of bonds and knowing how to rebalance it all when markets fluctuate.A balanced fund, with regular rebalancing and low costs, would take this pain point away from DIY investors. That all changed when two investment companies, Vanguard and Horizons, introduced their own all-in-one, balanced ETFs. But up until this year, a one-ticket solution didn't exist within an ETF format. (news.financializer.com). As reported in the news.

security implications: The pace of Russia's renewed intervention has raised fears over the human rights and security implications of selling arms to regimes that are weak or in conflict, particularly as the US has signalled its own plans to withdraw troops and close missions, according to The Guardian. Scrutiny was heightened last month following the murder of three Russian journalists in Central African Republic while they were investigating the activities of the controversial Russian military services firm Wagner. The most recent an agreement for a planned Russian logistics base in Eritrea, which would give it access to the Red Sea was announced in early September after nine months that have seen Kremlin officials crisscross from the Horn to the Great Lakes and southern Africa. The moves, say observers, have accelerated markedly in 2018 as senior Russian officials have shuttled between capitals offering arms and military services deals often with few conditions attached in exchange for diplomatic support and potentially lucrative mineral extraction contracts. The official narrative is that the Russian government and CAR had a long standing cooperation, said one international official who has closely observed events in CAR since Russian advisers began arriving. But if CAR has been unusual, with the arrival of some 175 Russian private contractors and military personnel in addition to the supply of arms, it has also become emblematic of the wider Russian efforts in Africa, catching out even those working there. (news.financializer.com). As reported in the news.

argentines: Argentines are struggling in crisis in what was once one of the world's most prosperous nations, according to The Toronto Star. Consumer prices are soaring, unemployment is high and the Argentine peso has plunged, bringing back haunting memories of the country's economic meltdown in 2001 that pushed millions into poverty. At a barter market on the capital's outskirts, a woman tries to persuade another to exchange for her granddaughters' tiny shoes. In this Sept. 6 photo, people line up for a small meal outside a soup kitchen at a community center in the Villa 1-11-14 shantytown on the outskirts of Buenos Aires, Argentina. The city government gives us money for 440 rations a day, but we're being forced to prepare smaller portions so that we can cover 600 rations, said Cintia Garcia, who runs the soup kitchen.A series of events battered the economy. Natacha Pisarenko / The Associated Press A growing number of people arrive at the Happy Kids soup kitchen in the Villa 1-11-14 shantytown, where servers try to stretch out steaming pots of stew because many more than expected are lining up for food. (news.financializer.com). As reported in the news.

gas investments: But it also now includes the first nation to divest, Ireland, major cities including New York and key medical organisations, according to The Guardian. Major oil companies such as Shell have this year cited divestment as a material risk to its business. The sell-off of coal, oil and gas investments is led by the insurance industry, with 3tn of funds. Fossil fuel divestment began on US university campuses in 2011 but now spans 37 nations around the world. They also say fossil fuel companies are risky investments as global action on emissions gets tougher. Supporters of divestment say existing fossil fuel resources are already far greater than can be burned without causing catastrophic climate change and that exploring for and producing more fossil fuels is therefore morally wrong. (news.financializer.com). As reported in the news.

government hadn: Senior economist Marc Lee said that if the Canadian government hadn't bailed out' the Trans Mountain pipeline, Kinder Morgan investors may have seen losses, according to The Toronto Star. Jonathan Hayward / The Canadian Press But if the government hadn't stepped in, said Canadian Centre for Policy Alternatives senior economist Marc Lee, the ruling that the project failed to adequately consult with First Nations may have spelled major losses for investors. Investors in Kinder Morgan, the Texas-based company that agreed to sell the pipeline project to Canada, are set to rake in about 1.2 billion from the federal government's bailout, a payout that will be unaffected by the court decision. It's a reminder, he said, that investments in oil are susceptible to political movements including measures governments may take to put climate change at bay. Article Continued Below Read more Greens call for new made-in-B.C.' environmental assessment of Trans Mountain project Opinion Thomas Walkom Justin Trudeau's flawed climate-change plan takes another hit Opinion Chantal H bert Trans Mountain defeat threatens Justin Trudeau's re-election story But that may not always be the case, and in the meantime, investment portfolios that exclude fossil fuels don't seem to be at a disadvantage. react-empty 145 Vancouver-based Genus Capital last week reported that its fossil-fuel-free investment portfolio yielded annual returns about two points higher than its benchmark since 2013. Up until now, the investment community has basically been making the bet that we're not going to meet the Paris Accord, Lee said in an interview with the Star. (news.financializer.com). As reported in the news.

government members: Despite Prime Minister Scott Morrison on Tuesday arguing a candidate should be picked on merit, not gender, it is understood senior government members are working hard behind the scenes in Wentworth to ensure a woman prevails, according to Nine News Australia. The frontrunner to replace Malcolm Turnbull as the Liberal candidate in Wentworth, Andrew Bragg, has been offered a spot on the party's senate ticket in exchange for pulling out of the race. To improve your experience update it here News National Lib pressure for women amid polling drop9 36pm Sep 11, powerbrokers in Canberra are applying pressure for a woman to be pre-selected in the seat of Wentworth, with a safe spot on the party's Senate ticket traded to the front runner in exchange for his departure from the race. Mr Bragg also commissioned polling in the seat, which suggested a woman would be better placed to run in the by-election. Andrew Bragg. The poor polling for a male candidate, combined with pressure from Canberra and the senate sweetener were enough to convince Mr Bragg to walk. (news.financializer.com). As reported in the news.