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Travelling this Easter? here’s what you need to know



International travel for the Easter holidays has not hopped off on the right foot.

Thousands of people are experiencing long queues, delays, and in some cases, cancelled flights due to the holiday demand

New data out of the U.S shows people spent close to nine billion dollars on domestic flights.

Travellers are now feeling the impact of strong demand and an increase in jet fuel prices.

Higher fares are one of the latest examples of inflation, which is also hitting the hip pocket at petrol stations and supermarkets too.

Benchmark U.S. Gulf Coast jet fuel settled at $3.2827 a gallon on Monday, up nearly 50% from the start of 2022 and more than double a year ago, according to Platts.

As Covid led to the government imposing lockdowns and travel restrictions, airport operations across the world shut down with fleets of planes grounded.

Similar scenes are felt on the other side of the globe, a blow-out in airport delays and wait times, particularly with Qantas in Australia’s biggest and most popular city of Sydney.

For Qantas, Jetstar and Virgin Australia, the Easter weekend will be the busiest since before the pandemic.

This comes as Domestic airfares down under soar by up to 112 per cent as fuel costs rise.

This comes from analysis at the Bureau of Infrastructure and Transport Research Economics (BITRE) data by comparison site Finder, finding that some airfares had jumped by 112 per cent.

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Deepfakes are taking over Hollywood



Deepfakes are the online phenomenon changing the way in which we consume and trust social media

Have you ever scrolled through social media and found a celebrity selling something a bit left of centre?

Chances are you have fallen victim to a deepfake.

These images and videos are a type of artificial intelligence, which promises to create doctored videos, which are almost impossible to tell apart from the real thing.

They have typically been used in pornographic clips and for celebrity endorsements.

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Debt limit dispute: will America default?



Can U.S. lawmakers agree on the debt limit before the fast approaching deadline to avoid default?

The executive branch and Congress are trying to strike a deal about the debt limit as the country marches closer to defaulting.

But can President Joe Biden and Republicans come to an agreement on fiscal policy in time?

The federal government could run out of money as early as June 1. Without borrowing more there is a risk that the United States will begin defaulting on its financial obligations.

Negotiations between Speaker Kevin McCarthy and President Joe Biden at the White House continue as lawmakers are staring down a swiftly approaching deadline.

The Treasury has been warning that the government would likely default on some bills in June if Congress does not raise the debt ceiling.

Democrats have insisted on raising the debt limit without preconditions. But Republicans say President Biden and the Democrats are playing Russian roulette with America’s economy after a two-year spending binge that brought 40-year high inflation and pushed the nation’s debt to over $31-trillion.

While both sides have agreed that action is needed to reduce the deficit—each have extremely different ideas about how to do it.

Republicans are looking to cut spending levels, while Democrats have called to increase tax revenue from the ultra-wealthy and large corporations.

So, can Washington D.C. politicians broker a deal and prevent the American economy from falling off a cliff?

Mitch Roschelle, Managing Director at Madison Ventures and a Visiting Research Fellow at the University of San Diego School of Business joined us to discuss. #U.S. Politics #Mitch Roschelle #debt ceiling #Capitol Hill #Washington D.C.

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Qantas leadership change takes full flight as airfares skyrocket



The next CEO of Australia’s high-profile airline, Qantas has a huge task ahead

After the long reign of her predecessor Alan Joyce, Vanessa Hudson inherits an airline with some key challenges ahead.

The challenges facing any CEO at the moment are high. Rising costs, tough competition, and cash-strapped customers are all part of the package when it comes to running an airline.

Qantas is one of the world’s most famous airlines.

At the height of the pandemic, the company’s results see-sawed.

However, it survived in part due to the actions of CEO Alan Joyce, and his right-hand CFO Vanessa Hudson.

Now, Alan Joyce is stepping down and Vanessa Hudson beat a field of 40 contenders for his job.

While Alan Joyce kept shareholders happy in recent times, some analysts believe he skimped on capital expenditure, leaving a multi-billion dollar hit to the new CEO.

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