Tag Archives | Economics

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ACCC given power to enforce $100k penalties for excess credit card surcharges

The ACCC has been given stronger powers to crack down on excessive credit card surcharges after the Senate yesterday passed legislation aimed at protecting consumers from unnecessary fees. The measures were recommended by the financial services inquiry and were introduced into parliament last year. The laws will mean the Australian Competition and Consumer Commission will […]

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If your money is in anything but high quality bonds, the RBS is advising to SELL EVERYTHING.

RBS: sell everything

The Royal Bank of Scotland (RBS) has advised clients to brace for a “cataclysmic year” and a global deflationary crisis, warning that the major stock markets could fall by a fifth and oil may reach $US16 a barrel. The bank’s credit team said markets are flashing the same stress alerts as they did before the […]

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