Steven* was just 10 years old when he started gambling online, an addiction that by the age of 15 would see him lose about $2,000 and grappling with embarrassment and despair. He remembers gambling away $500 in birthday money when he was 12. “I was late to school because I didn’t want to leave my…
In recent days, the “right to disconnect” has entered Australia’s legislative agenda. It refers to employees’ rights to refuse unreasonable after-hours contact from their employer. In a work landscape where employees are constantly available after hours thanks to smartphones and portable devices, and employers are competing in global markets and operating on tight deadlines, concerns…
What to Know Ippei Mizuhara, 39, agreed to plea guilty to one count of bank fraud and one count of subscribing to a false tax return. The former interpreter for Shohei Ohtani could face up to 30 years in federal prison under the plea deal. The investigation into Mizuhara’s sports betting was part of a…
University course fees may be changed and students given more support in paying their Hecs and Help debts, as part of a proposed massive overhaul of the tertiary education system being considered by the education minister, Jason Clare. The changes may include paying some students to complete work experience as the government plans for the…
BERGAMO, ITALY – OCTOBER 01: Nicolo Fagioli of Juventus looks on during the Serie A TIM match … [+] between Atalanta BC and Juventus at Gewiss Stadium on October 01, 2023 in Bergamo, Italy. (Photo by Emilio Andreoli/Getty Images) Getty Images Juventus midfielder Nicolò Fagioli has spoken about extreme threats of violence as he owed…
Debt can be crippling. It can snowball so large that you can barely keep up with the minimum payments and barely address the principal owed. If you fall behind, you get bombarded with creditors calling you to pay up or threatening you with legal action. You can be taken to court over your debt with…
Wendy* could tell something was wrong by the look on her son’s girlfriend’s face when she came down to the kitchen on Easter morning. “He’d been out with his mates, had a few drinks, got her phone, got into her savings account, and gambled $2,800 into two bets,” she says. Her son’s girlfriend burst into…
Over the last two years high CPI-driven HELP debt indexation – 3.9% in 2022, 7.1% in 2023, probably in the vicinity of 5% this year – has been a major issue. It has brought to public attention HELP debt issues that had been waiting for their trigger. The last time HELP debt indexation exceeded 5%…
Rates of problem gambling may be more than eight times higher than previously thought, according to new data released by the betting industry regulator. The Gambling Commission has previously said the proportion of people suffering from a gambling problem may be as low as 0.3% of adults in Great Britain. The figure, which was based…
[3520359] The views expressed represent the investment team’s assessment of the market environment as of May 2024, and should not be considered a recommendation to buy, hold, or sell any security, and should not be relied on as research or investment advice. Views are subject to change without notice. This market commentary has been prepared for…