Connect with us
https://tickernews.co/wp-content/uploads/2023/10/AmEx-Thought-Leaders.jpg

News

Philip Lowe’s RBA term ends, new chief will be appointed

Published

on

Lowe has overseen a controversial period of high interest rate rises

Philip Lowe, the current governor of the Reserve Bank of Australia (RBA), will not be reappointed to his position.

The Cabinet is expected to meet today to decide on his replacement, with an announcement from Treasurer Jim Chalmers to follow.

While Chalmers holds Lowe in high regard, it is believed that the Cabinet will opt for a change.

Three individuals are considered front-runners for the role: Michele Bullock, the deputy governor of the RBA, Steven Kennedy, the Treasury secretary, and Jenny Wilkinson, the secretary of the Finance Department.

Lowe’s seven-year term was scheduled to end in September, but the decision not to reappoint him comes amidst criticism and calls for his resignation.

The RBA’s decision to repeatedly raise interest rates, from 0.1 percent to 4.1 percent over the past year, has drawn fury and discontent.

Lowe had previously indicated that rates would remain at the record low level until at least 2024 but faced criticism for not clearly conveying the caveats to that statement. Inflation, which has been running higher than the RBA’s target range of 2 to 3 percent, eased to 5.6 percent in the year to May.

Opposition Leader Peter Dutton has argued against considering Kennedy and Wilkinson for the position due to their existing relationships with the government in their current roles as department heads.

“We will support somebody who is independent, and that’s an absolutely essential criteria. You can’t have somebody who is in the pocket of the treasurer or the finance minister,” Mr Dutton told Channel Nine.

“You can’t have somebody who is tainted by an association or a friendship, or worked very closely with the treasurer, the finance minister and the prime minister.”

Having been appointed directly from Treasury, former RBA governor Bernie Fraser dismissed that suggestion as “silly”.

According to Mr Fraser, Mr Lowe had made a mistake in stating he didn’t expect interest rates to rise until 2024, but had handled the situation well.

“I think he’s done a very good job,” Mr Fraser said.

Continue Reading

News

Tyler Robinson arrested for killing activist Charlie Kirk

Tyler Robinson arrested for murdering Charlie Kirk; shared details on Discord, revealing political motives and chilling messages

Published

on

Tyler Robinson arrested for murdering Charlie Kirk, shared details on Discord, revealing political motives and chilling messages

video
play-sharp-fill
In Short:
– Tyler Robinson, 22, was arrested for allegedly murdering activist Charlie Kirk, 31, at a university event in Utah.
– Witnesses revealed Robinson’s negative views on Kirk and links to anti-fascist sentiments through his messages and actions.
Tyler Robinson, 22, was arrested following the alleged murder of conservative activist Charlie Kirk, 31, during a university event in Utah.
Authorities reported that Robinson shared details about the incident on Discord, discussing his actions after the shooting.
He reportedly inscribed internet culture references on the bullets used, including anti-fascist sentiments.Banner

Witness testimonies indicate Robinson had expressed negative views about Kirk prior to the attack, which he described as “spreading hate.”

He arrived campus in a grey Dodge Challenger and opened fire, leading to Kirk’s immediate collapse. Following the incident, Robinson’s father and a minister turned him in to the police.

Political Context

Robinson’s messages, including references to anti-fascist imagery and memes, indicated a motive tied to Kirk’s political beliefs.

Governor Spencer Cox noted Robinson’s increasing political engagement and dissatisfaction with Kirk’s views in conversations with relatives. The investigation raised concerns over targeted violence linked to political ideology.


Download the Ticker app

Continue Reading

News

Wall Street bets big on Fed rate cut

Published

on

Wall Street traders are increasingly confident the Federal Reserve will cut rates next week.

Fresh inflation data has showed prices edging higher but growth slowing, and with jobs, markets, and political pressure all in focus, the Fed’s decision could be pivotal for the economy.

Continue Reading

News

FBI hunts assassin who shot Charlie Kirk at Utah Valley University

Charlie Kirk, conservative influencer, shot dead at 31 during speech at Utah Valley University, prompting ongoing manhunt for suspect

Published

on

Charlie Kirk, conservative influencer, shot dead at 31 during speech at Utah Valley University, prompting ongoing manhunt for suspect

video
play-sharp-fill
In Short:
– Federal authorities are investigating the shooting of Charlie Kirk, who was killed at Utah Valley University.
– A manhunt for the actual shooter is underway; two men have been questioned and released without charges.
Federal authorities are investigating the shooting of conservative influencer Charlie Kirk, who was killed while speaking at Utah Valley University.
The incident occurred around 12:20 PM when Kirk was shot in the neck, leading to a chaotic scene as attendees fled. Kirk, a father of two, died shortly after being taken to a local hospital.Investigators believe the shooter fired from a building approximately 200 yards away.

During the aftermath, two men, one of whom claimed to have fired the shot, were taken into custody but later released without charges. A manhunt is ongoing for the actual shooter.

Utah Governor Spencer Cox stated that those responsible will be held accountable, outlining the state’s commitment to justice.

President Donald Trump condemned the political climate surrounding Kirk’s death, blaming extreme rhetoric and violence.

In a statement, he remembered Kirk as a patriot who advocated for open debate. Following the incident, vigils were held nationwide, and classes at the university have been cancelled.

Banner

Ongoing Investigation

As investigations continue, American flags will fly at half-staff until Sunday in honour of Kirk.

“I want to be very clear that this is a political assassination,” Utah Governor Spencer Cox, a Republican, told a news conference.

“And I just want to remind people that we still have the death penalty here in the state of Utah.

The Utah Department of Public Safety said that its State Crime Lab was “working with multiple active crime scenes”.

“These were identified based on where the victim was shot, as well as the locations where the suspect and victim travelled,” a department statement said.

“The shooting is believed to be a targeted attack. The shooter is believed to have fired from the roof of a building down to the location of the public event in the student courtyard.”

Eyewitness account

Attendee Tiana Lao said the shooting came as a shock in what otherwise felt like an= normal event.

“We didn’t realise it was real at first and then everyone began rushing out, shouting to get down in panic and distress,” she told ABC News.

“People were excited. There were some opponents like there usually are at these events … but they were peaceful, so this was a total shock.”


Download the Ticker app

Continue Reading

Trending Now