The Queensland government made $1.9 billion in gambling taxes last year, but only spent 0.6 per cent on harm minimisation programs. A damning Queensland Audit Office report has taken aim at the state government’s “inadequate” harm reduction strategies. The report, tabled in state parliament, has revealed Queensland gamblers spent $56.4 billion in the 2022-23 financial…
By pursuing debt relief you can start eliminating mounting debt this May. Getty Images Prices are rising. That’s not only true for consumer goods and services, it’s also true in terms of the cost of borrowing money. And, if you have debt with variable interest rates – like credit cards and some other loans – you…
A Psychiatrist Tried to Quit Gambling. Betting Apps Kept Her Hooked. The Wall Street Journal Read the original article here
In short: Complaints about how banks handle financial distress rose 25 per cent last year, the Australian Financial Complaints Authority (AFCA) said. More than half of the complaints were about a lender’s failure to respond to a request for help — a breach of national codes. What’s next? The Australian Securities and Investments Commission (ASIC) is conducting…
In short: Mark Stockwell was sentenced to a jail term after he was caught skimming money from his employer to pay off gambling debts. Stockwell is warning others against the dangers of gambling on sports via online betting agencies. What’s next? Various organisations are pushing for gambling reform as Australia is revealed as the world’s biggest…
The indexation of student debt is arguably the federal government’s biggest political problem when it comes to universities. Last June, student debt balances increased by 7.1%, the highest rate in decades. While HELP loans do not attract interest, they are indexed to inflation as measured by the Consumer Price Index (CPI). When inflation remained low,…
For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails A Chinese man has been charged in Singapore for allegedly faking his own kidnapping to free himself of gambling debt. Liu Changjian, 33, staged his own kidnapping and…
In 2022, Official Development Assistance loans rose by 11% to $61 billion, while grants fell by 8% to $109 billion – a shift that could increase developing country debt burdens. Global Official Development Assistance (ODA) surged 22% to a record $287 billion in 2022. Despite this overall increase, aid specifically targeted at developing regions declined…
Bruno Mars needs to lay off the slots: Source NewsNation Now Read the original article here
So weighed down have Americans become by student debt, and so potent a political issue has it become in the US, that President Joe Biden plans to waive interest or write off money owing by 30 million of them. He is doing it bit by bit, in the face of resistance from the US Supreme Court. He has…