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Operator of train that derailed in Ohio faces harsh criticism

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Norfolk Southern has been blamed for the incident by one U.S. senator

The operator of the train that derailed in Ohio two weeks ago is facing harsh criticism over the incident, with one state senator blaming the company for the disaster.

Senator Sherrod Brown says the incident, which released toxic chemicals into the surrounding environment, was an episode of“the same old story”, and Norfolk Southern “caused it”.

Thousands of workers have been let go from the transport giant in recent years, with Brown alleging the corporation “doesn’t invest in safety rules and regulation”.

As anger grows around the derailment, U.S. Transportation Secretary Pete Buttigieg is calling on major railroads to improve safety.

In a letter to Norfolk Southern Chief Executive Alan Shaw, Buttigieg says he will be urging Congress to raise the cap on fines against railroads for violating regulations.

Meanwhile, Senator Brown says we’ve seen his all before and believes we’ll see it all again.

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Will Australia’s foreign investment rule create an economic boost?

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Australian Treasurer Dr. Jim Chalmers announced an overall of foreign investment rules ahead of the budget.

Australia is set to announce a significant decline in its projected gross debt, signalling a more optimistic outlook for the country’s fiscal health.

The Airport Economist, Professor Tim Harcourt at UTS joins to discuss.

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Research key to investment success

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What is the importance of research in the investing and super landscape in Australia?

Wyld Money dives into the world of financial freedom. Whether you’re a seasoned investor or just getting started, join us for actionable tips and tricks to unlock your earning potential, and retire on your own terms.

In this episode, Mark is joined by Peter Green, Director of Research at Lonsec Research. #wyld money

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Why “stagflation” will be the greatest financial threat of 2024

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With inflation soaring and economic growth tapering off, concerns about stagflation are on the rise

Stagflation, a situation characterised by high inflation coupled with stagnant economic growth, presents a unique challenge that many are ill-prepared to face.

Mark Wyld from MW Wealth joins to unpack what defines “stagflation”. #featured

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