World

Australia to receive first Labor Budget in a decade

Published

7 months ago

October 25, 2022

Australia’s Prime Minister Anthony Albanese has promised to build a better future

In a matter of hours, the Australian Government will hand down a “responsible, family-friendly budget, that will help Australians with the cost of living,” according to Prime Minister Anthony Albanese.

Australia is facing nearly $1 trillion in debt and soaring inflation. But the Albanese Government insists they have made improvements “line by line”.

The Prime Minister says there will be “cheaper child care, cheaper medicines, extending paid parental leave and getting wages moving again.”

Dr Leonora Risse is a Senior Lecturer in Economics at RMIT University, who said these issues should be central to the budget.

“Paid parental leave and childcare affordability should be treated as core economic issues that affect the country’s overall productivity and prosperity, rather than just thinking about these policies as “women’s issues.”

“We have to make bold moves to make it societally and professionally acceptable for men to put their hand up and take a larger share of parental caregiving,” she said.

The budget—the first for a Labor Government since 2013—is expected have more ‘cuts’ than ‘spend’. But analysts believe it provides an opportunity to address the nation’s post-pandemic future.

“Women also lost their jobs or lost hours of work together with any opportunities for career development,” said Emeritus Professor Sara Charlesworth at RMIT University.

“While many employers were supportive, different employers and managers varied considerably in the support they provided to women who were juggling day to day care responsibilities with the additional burdens of COVID.”
PROFESSOR SARA CHARLESWORTH, RMIT UNIVERSITY

“The impact of the additional burdens taken on by many women during COVID will cast a long shadow on their mental health and the rising number of women seeking help post lockdown is hardly surprising,” Professor Charlesworth explained.

Mr Albanese and Treasurer Jim Chalmers will get a second bite of the apple in less than a year, when another budget is handed down in May 2023.

Dr Debajyoti Chakrabarty is a Lecturer in Finance and Economics at Charles Darwin University. He said a strong job market and resources sector will boost this year’s budget.

“However, there are also reports of expenditure blowouts in infrastructure, aged care and health.”

“The government has to be careful in its spending strategy and use it towards the targeted cost of living relief to vulnerable households and improving productivity,” Dr Chakrabarty said.

Business

The Great Resignation vs. The Great Burnout

Published

46 mins ago

June 2, 2023

ticker NEWS

As employees recover from the height of the pandemic, the Great Resignation has come to light

The pandemic saw the term ‘the great resignation’ coined as thousands of people resigned from their jobs across the U.S. in 2021 and 2022.

Karin Reed, the author of ‘Suddenly Hybrid said the great resignation was a period of employees taking control of their future.

“A lot of people realised in their current environment they were not happy with what they were doing with their job. They chose to vote with their feet and go elsewhere,

In other parts of the world, a spike in resignations was not reported.

However, a higher degree of workers began reporting post-Covid burnout, as they made a return to the office.

“There’s been a blurring of the lines. You have work that’s not confined by a physical space.

“Instead of closing the computer and walk away, our computer is in the next room.”

World

Everything you need to know about music NFTs

Published

2 hours ago

June 2, 2023

ticker NEWS

Music NFTs are unique digital items comprised of a visual element like NFTs but also have a musical component.

Some analysts believe that music NFTs are the future of the music industry, while others say they might just be a fad that’s here today and gone tomorrow.

NFTs are non-fungible tokens. They are unique digital assets that live on the blockchain and can either be one-of-a-kind or one copy of many.

So, what are music NFTs?

Well, they are unique digital items comprised of a visual element like NFTs but also have a musical component. They also live on the blockchain and can be bought and sold.

Some analysts believe that music NFTs are the future of the music industry, while others say they might just be a fad that’s here today and gone tomorrow.

Les Borsai, the Co-Founder of Wave Financial joined us to discuss.
#NFTs #musicnfts #tech #LesBorsai #veronicadudo #business

World

AI creates a song imitating Drake and The Weeknd

Published

2 hours ago

June 2, 2023

ticker NEWS

A big surprise for music fans when they heard a new song featuring Drake and The Weeknd. But there’s a catch!

The viral song was created by artificial intelligence.

A new song that sounds like Drake and The Weeknd has gone viral, but it was created by artificial intelligence.

Now, there’s a crusade against AI music.

The song,“Heart on My Sleeve”was created by artificial intelligence and quickly racked up millions of views on TikTok, Spotify, and YouTube.

Record label, Universal Music Group (UMG) is not happy about the song that used AI-generated vocals to simulate pop music artists Drake Graham and The Weeknd.

UMG flexed their muscle and forced the song featuring some of its biggest artists to be removed from Spotify and TikTok.

According to reports, UMG is taking it a step further and sent letters to Spotify, Apple Music, and other music streamers requesting they block AI tools from training their models on the melodies and lyrics of UMG artists.

Les Borsai, the Co-Founder of Wave Financial joined us to discuss. #AI #artificialintelligence #drake #theweeknd #veronicadudo #LesBorsai #music #popartists #UniversalMusicGroup