Clean house WORKING ORDER
According to CNN,
Joe Biden will today sign a presidential memorandum to “reverse restrictions on abortion access domestically and abroad imposed and expanded by the Trump administration” specifically he will be rescinding a ban on government funding for foreign nonprofits that perform or promote abortions, aka the “Mexico City Policy”.
Biden will also sign orders to reopen federal marketplaces selling
Affordable Care Act health plans, and lower recent barriers to joining Medicaid,
Democrats also reintroduced legislation to bring America’s hourly minimum wage from a miserly US$7.25 to $15 incrementally, mind you, with a final date of 2025, after which the wage would be tied with indexation (or, y’know, Republicans take the White House and nix it entirely) while Biden will tomorrow sign orders expanding refugee intakes from Trump’s historically-low figures and establish a taskforce to reunite migrant families separated under the
Victorian loan holidays still double the national rate
Jan 29, 2021 â 5.04pm
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Victoria has double the rate of frozen loans because of COVID-19 payment holidays compared with the rest of Australia.
The opening-up of the Australian economy continues to lure borrowers to unfreeze their loan repayments, with fresh data from the prudential regulator showing less than 2 per cent of the banking systemâs loan book remains frozen.
The Australian Prudential Regulation Authority said on Friday that $51 billion worth of housing and small business loans remained on deferred payments â down from $88 billion at the end of October.
With just $42.9 billion worth of home loans on hold, and $6 billion worth of small-to-medium enterprise loans frozen, the total amount of mortgages on hold represents just 1.9 per cent of the $2.7 trillion lending system.
Last modified on Fri 29 Jan 2021 20.20 EST
Australian property prices are set to rise to record highs this year, driven by a heady cocktail of people seeking a post-Covid lifestyle change, ultra-low interest rates and recession-beating government stimulus, a slew of new data shows.
Sydney has already seen the median house price hit a new record high, according to data from Domain, as inner-city residents seize the opportunity presented by increased working from home provisions to seek out their dream lifestyles in outer regions such as the Northern Beaches and the Blue Mountains.
Julia Doyle, an agent at Cunninghams in Manly, said the double-digit rise in values in the past year was being driven by people wanting to relocate to the beach, low interest rates, and very limited stock.
National Australia Bank Set to Acquire 86 400 to Accelerate UBank Growth
January 29, 2021 @ 11:41 am By Samantha Hurst
National Australia Bank Limited (NAB) announced on Friday it has entered into a scheme implementation agreement to acquire 100% of the shares in 86 400 Holdings Ltd, the holding company of Australian neobank,
86 400. According to NAB, the acquisition is to help accelerate UBank’s growth.
“In April 2020, NAB announced plans to prioritise UBank to deliver a market-leading digital experience and new product propositions to customers. The acquisition of 86 400 will accelerate UBank’s growth by combining its established customer base, brand and colleagues with 86 400’s experience and technology platform.”