We may be just this screwed: Donald Trump has an easier path to victory than you think. As the 2016 presidential primaries got underway, there seemed to be several incontrovertible truths: Hillary Clinton’s nomination was inevitable, and Donald Trump stood no chance.
Yet, here we are six months before the election, and Trump has seized the Republican nomination while Clinton is still working to box out Bernie Sanders’ insurgency (without losing his voters, who it turns out, may peel off after all). Trov insurance app launches in Australia: Tinder for insurance. A Béziers, le fossé se creuse entre Robert Ménard et le FN. Le rêve d’une «union des droites» n’aura pas duré vingt-quatre heures.
Will robo-advice stand the test of time? The term robo-advice has been much bandied about, much to the annoyance of industry players who argue it's got a bad name and in any case is a catch-all phrase that doesn't mean much, or anything.
Oh, and there aren't even any robots involved. The robo, or digital advice industry can be dissected into three broad categories: the provision of low-cost investment portfolio solutions, tools to help financial advisers become more efficient and goals-based advice solutions largely used by superannuation funds to deliver personalised advice to their members. One question observers are asking with increasing frequency: is which of these models is likely to be the most successful from a financial standpoint.
Indeed, do all three models even have a future? The low-cost investment solutions category is probably the most widespread. On that front, the news flowing from the United States, the holy birthplace of robo advice, is not overly encouraging. NAB, Westpac and Qantas invest in Data Republic. Westpac Reinventure co-founder Danny Gilligan, Todd Forest, NAB Ventures, managing director, Paul McCarney, co-founder and chief executive, Data Republic and Vaughan Chandler, executive manager, Qantas Loyalty Photo: Damien Ford National Australia Bank, Westpac Banking Corp and Qantas have taken stakes in Data Republic, a Sydney-based start-up that has designed a platform which allows companies and government to exchange data in a secure environment.
The deal indicates some of Australia's largest companies are considering sharing data with each other to enhance service delivery but under strict controls to protect customer privacy. NAB, Westpac and Qantas have invested a combined $10.5 million into Data Republic's recent Series A equity fundraising round. The stakes were acquired through Qantas Loyalty, NAB's venture capital fund, NAB Ventures, and Westpac's venture capital fund, Reinventure Group. Data sharing to increase. Maths genius Ivan Zelich defies Aussie brain drain.
Ivan Zelich, the 17-year-old maths whiz who achieved global fame last year by developing a new maths theorem while still completing high school in Brisbane, has turned his back on overseas offers to complete his undergraduate degree in Australia.
In an endorsement of Australian universities and Prime Minister Malcolm Turnbull's innovation strategy, Mr Zelich has rebuffed offers from some of the world's top universities, including Harvard, to undertake an advanced maths and science course at the University of Queensland. "I ended up getting offers from universities in America, but I ended up being much more comfortable with doing my undergraduate studies here," Mr Zelich told AFR Weekend. Expensive defensives Transurban and Sydney Airport rule the ASX 200. Transurban trades on 70 times earnings.
Wealthy retirees will still pay less tax than average wage earners. Retirees with savings worth as much as $7 million will pay less tax than an average wage earner even if the Coalition's controversial superannuation proposals are adopted.
Analysis by actuarial firm Rice Warner shows that despite the much-maligned measure to limit the amount of money that can be transferred to a tax-free private pension, a wealthy couple could retire with $7 million of assets, excluding the family home, and pay just $18,600 in tax. This is $500 less than a person on an annual salary of $80,000 would hand over to the Tax Office. The ability for wealthy retirees to pay minimal tax comes despite widespread berating of the government for announcing retrospective changes to the country's $2 trillion super system in the May budget.
Why you can still retire well after Turnbull super changes. It is time to draw a long, deep breath.
The tax-friendly superannuation train is not leaving the station, leaving all the passengers huddled on the platform with nowhere to go and no means of fending off the taxman. The reaction to the Coalition's proposed changes to superannuation is verging on hysterical. Rupert Murdoch Is Deviant Scum. It all comes back to Rupert Murdoch.
As multiple recent news stories have proven, the 2016 presidential race is fast becoming a referendum on the News Corp CEO and reigning media gorgon. The two top candidates in the Republican field are a Fox News contributor (Ben Carson opened his Fox career two years ago comparing Obama to Lenin) and a onetime Fox favorite who is fast becoming the network's archenemy: Donald Trump is the fallen angel in the Fox story, a traitor who's trying to tempt away Murdoch's lovingly nurtured stable of idiot viewers by denouncing their favorite "news" network as a false conservative God. The fact that Trump is succeeding with this message on some level has to be a source of terrible stress to Murdoch. He must be petrified at the prospect of losing his hard-won viewership at the end of his life.
This, in turn, might explain last week. American cultural imperialism has a new name: GAFA. All any nation needs to go to war is a good provocation, and China is no exception.
With its sweeping territorial claims, island-building, militarization, patriotic fervor, and prickly rhetoric, Beijing is setting itself up to be repeatedly provoked in the South China Sea—it might even be counting on it. Nocookies. The Global Divide on Homosexuality. Greater Acceptance in More Secular and Affluent Countries Overview As the United States and other countries grapple with the issue of same-sex marriage, a new Pew Research Center survey finds huge variance by region on the broader question of whether homosexuality should be accepted or rejected by society.
The survey of publics in 39 countries finds broad acceptance of homosexuality in North America, the European Union, and much of Latin America, but equally widespread rejection in predominantly Muslim nations and in Africa, as well as in parts of Asia and in Russia. Toronto Gets Its Own Free, Encrypted Mesh Network. Canadians are famously dissatisfied with internet access in this country, and Mark Iantorno and Benedict Lau, two Toronto developers, are no exception. In December, they met for lunch at a cafeteria in a downtown office, and got to talking about how increasingly frustrated they were—Iantorno with sky-high data plan prices, and Lau, who is a mobile engineer with Android, with “black box design,” or the opacity of consumer tech.
At that lunch, they talked about how to bring free, accessible internet to the city, uncoupled from Canada’s three all-powerful telecoms. Interest rates cut: May 2016 RBA decision. Loaded: 0% Progress: 0% PM Malcolm Turnbull reads out a note from the Reserve Bank Governor, indicating that interest rates have been cut by 0.25%. The RBA has cut interest rate to historic low of 1.75 per cent. THE Reserve Bank has slashed the official interest rate to a new historic low today of 1.75 per cent, with at least one major bank to pass on the cut in full. NAB announced within minutes of the decision that it would pass on the 25 basis point reduction in full. According to Canstar, the rate cut will save homeowners $72 a month on a $500,000 loan, bringing the average standard variable home loan rate down to 4.52 per cent. Research reveals air rage is FOUR TIMES more likely to happen in planes with first class cabins. Air rage incidents are more likely when planes have a first class compartment as it triggers resentment in economy class, researchers claim.
Economy class passengers were vastly more likely to erupt in anger when flying in the same plane as first class passengers, a study found. Airline travel is becoming more segregated - the researchers say - with first class travellers more likely to enjoy the benefits of reclining beds, and private ‘pods’. Craig Wright is not Satoshi Nakamoto – New Web Order. Craig Wright is not Satoshi Nakamoto – New Web Order. Craig Wright's New Evidence That He Is Satoshi Nakamoto Is Worthless. When Craig Wright, an Australian businessman, was singled out last year as being Satoshi Nakamoto, the anonymous creator of bitcoin, the claims were met with widespread skepticism. The evidence at the time was either too circumstantial to be believable, or was likely fabricated.
Now, Wright is back to prove he really is Satoshi, and not much has changed—despite new evidence, Wright still hasn’t done the one thing that would definitively prove that he is Satoshi Nakamoto. A pair of reports in The Economist and the BBC lay out Wright’s proof: a cryptographic signature associated with the private key that controls a bitcoin address associated with “block nine”—the ninth block of bitcoin data ever created and uploaded to the public ledger known as the blockchain. According to the reports, Wright demonstrated similar ownership of “block one,” the first block of data ever created by users in the bitcoin network.
Craig Wright loudly claims “I am Satoshi Nakamoto,” but few believe his “proof” An Australian man named Craig Wright told the world today he is "Satoshi Nakamoto," the man who created Bitcoin. Speech: Interest Rate Benchmarks. Bitcoin founder revealed as Australian Craig Wright. Sydney-man Craig Wright has outed himself as the founder of the controversial virtual currency bitcoin. The scientist, inventor and academic went public on Monday as the man who developed and launched bitcoin, the electronic payment network which allows people to pay each other directly over the internet without the need for a bank, and the blockchain, a decentralised database of every bitcoin transaction. James Aitken on budget, banks and the hidden forces of global finance. There have been few bigger weeks for Australia's economy; the coalition government will present its budget hours after the Reserve Bank contemplates a sub-two per cent cash rate, while four of the nation's five largest banks announce their half-year profits.
What's So Bad About Deflation? Si vous n’avez rien suivi au Tafta, le grand traité qui effraie. LE MONDE | • Mis à jour le | Par Maxime Vaudano. Profession : avocats de djihadistes. LE MONDE | • Mis à jour le | Par Lucie Soullier « Je ne souhaite pas me défendre. » Barbe longue et versets récités dans le box, Cédric Vuillemin est poursuivi pour avoir tenté de rejoindre les rangs de l’organisation Etat islamique (EI). Frank Berton, avocat fort en gueule de Salah Abdeslam.
LE MONDE | • Mis à jour le | Par Pascale Robert-Diard La gueule, évidemment. Le français DCNS remporte un contrat géant de 34 milliards d’euros pour des sous-marins. LE MONDE | • Mis à jour le | Par Dominique Gallois et Caroline Taïx (Sydney, correspondance) ANUpoll: Government’s Deficit Dilemma with a Confused Electorate - Austaxpolicy: The Tax and Transfer Policy Blog. Newsflash: The Rich Do Best Out Of "Negative Gearing" Frédéric Taddeï. Frédéric Taddeï, l'homme sans convictions. Frédéric Taddeï, l'homme sans convictions. StanChart opens innovation lab in Singapore, News, News, AsiaOne Business News. The Untold Story of the Teen Hackers Who Transformed the Early Internet. Neoliberalism – the ideology at the root of all our problems. Taxpayers gifting big banks $1.4 billion a year.
Colombian hacker says his fake Twitter army won elections. Inside Bernie Sanders's Social Media Machine. So this is what the 'world's best croissants' look like. But how do they taste? Start-up crucible Fishburners plans fourfold expansion. Y aura-t-il un effet « Panama papers » sur les régularisations auprès de Bercy ? Ali Harb : « L’islam ne peut pas être réformé » - Tarek Abi Samra. The revolting backbench. Rise of the non-banks will generate competition. Ex-Macquarie bankers' start-up Easicar targets Uber drivers. Paris Is Redesigning Its Major Intersections For Pedestrians, Not Cars.
Wesfarmers takes action against staff over Target rebates. La Disparition - Carnets de Pierre Deruelle François Fillon « choqué » par le mouvement Nuit debout, « toléré » en plein état d’urgence. Le jour où j’ai cessé de m’informer. The Future of Design is Emotional — The Startup.
Major banks and Macquarie could be downgraded. Emmanuel Macron lance un « mouvement politique nouveau » baptisé « En marche ! » Nocookies. Turnbull needs to act on bank royal commission to boost his credibility. ING Direct can teach the big four some lessons. Bad debts are the least of the big banks' worries. Hedge fund traders switch to Silicon Valley to detect heart disease. Nocookies. Australian dollar expected to lose ground in global currency wars. Trente ans après, les 35 députés FN de 1986 sont presque tous partis.
Les « late-night shows », passage obligé de la primaire américaine. Goldman Sachs to Give Out ‘Secret Sauce’ on Trading. Auto-disruption : Goldman Sachs ne veut plus être une banque (et 35000 personnes bossent là-dessus) Comment Orange sauve ses box du coup de foudre. Le « fichier de l’Etat islamique » : 20 000 noms et beaucoup de questions. Bruxelles reporte un vote sur le glyphosate, désherbant soupçonné d’être cancérogène. Opération coup de poing à Paris contre les locations meublées touristiques illégales - 13 janvier 2016 - Immobilier. Opera Coast - Coast Cards. The Next Amazon (Or Apple, Or GE) Is Probably Failing Right Now. Nocookies. Revenge of the Simple: How George W. Bush Gave Rise to Trump. Is Marissa Mayer to blame for Yahoo’s failed comeback?
Marissa Mayer: A Case Study In Poor Leadership. I was wrong on Australian house prices. Build your very own financial road map. Ces ministres qui n'ont pas de métier. Chart: The correlation between iron ore price and the Australian dollar. Time mortgage broker commissions were revisited. L'ère de la bureaucratie prédatrice - David Graeber. [NUMA Talks] Work In Progress. Une bonne fois pour toutes, arrêtez de parler de la «génération Y»! Ras-le-bol des startups. Fraude fiscale : le « témoin 119 », cauchemar d’UBS. Cash highest since 2001, signals 'buy': Bank of America Merrill Lynch.
Evasion fiscale : les petites recettes d’UBS pour démarcher les riches contribuables français. De 3.000 à 10.000 euros la conférence : le lucratif business des intellectuels. Negative 0.5% Interest Rate: Why People Are Paying to Save. Negative Interest Rates - Bloomberg QuickTake. Luke Smith - BROADCASTER – VOICE OVER – CAPTAIN GLOBAL. Forbes Welcome. “This isn’t The Steve Jobs Story” Le bitcoin va-t-il sauver l’économie argentine ? It’s not Cyberspace anymore. — Data & Society: Points. This is how you raise a seed round in 2016. — Hacker Daily. You can’t detox your body. It’s a myth. So how do you get healthy? The Internet of Emotions: Putting the person back into personalization.