Weak retail spending an ‘unintended consequence’ of the banking royal commission
Mr Stewart, lead retail partner at Ferrier Hodgson, says an unprecedented 23 per cent fall in retail foot traffic in the last week of December highlights the uncertainty among consumers and believes there may be worse to come as retailers are forced to clear higher levels of excess stock and landlords come under more pressure…
Big-Name NFL Players Who Could Get Cut This Offseason
0 of 8 Steven Ryan/Getty Images As impending free agents, some players are prepared to hit the open market and earn more money on new deals. In other cases, teams will cut big-name veterans in order to clear cap space. Technically, production isn't the bottom line in the NFL. Salary plays a significant factor in…
Gunmen storm Nairobi hotel complex
Gunmen have stormed an upscale hotel and office complex in the Kenyan capital, setting off loud blasts and sending people fleeing for their lives following a coordinated assault claimed by the Somalia-based al-Shabab armed group. More than 12 hours after Tuesday's attack began at Nairobi's Dusit hotel complex, which also includes bars, restaurants, offices and…
Fraternity member dies off-campus
A fraternity at the University of California - Irvine is on interim suspension after one of its youngest members died, officials said. Noah Domingo, an initiated member of Sigma Alpha Epsilon, died at an off-campus home on Saturday, the fraternity's national headquarters said. The 18-year-old died at about 3:30 a.m. at a private residence in…
Why it’s better to rent property than buy – for now
Brycki says the time to buy is when there is "zero optimism". "Wait until the markets are bombed out," he says. Major banks and financial conglomerates such as AMP and ANZ predict property prices will fall by up to 20 per cent from peak to trough, which means the market is about halfway to the…