Linda Janice Phillips

1,079 Flips | 3 Magazines | 798 Likes | 20 Followers | @lindyjanice | Keep up with Linda Janice Phillips on Flipboard, a place to see the stories, photos, and updates that matter to you. Flipboard creates a personalized magazine full of everything, from world news to life’s great moments. Download Flipboard for free and search for “Linda Janice Phillips”

Pampered FIFO workers come back to earth with a bump

Since July 1, he no longer gets to keep the hundreds of thousands of frequent flyer points he earns each year.<p>Desperate to return its loss-making …

More than 40 firms eyeing parts of collapsed Arrium as steelworks to be split from Moly-Cop

More than 40 different entities have expressed interest in buying parts of the collapsed Arrium business ahead of a formal sale process starting next …

House price growth accelerates again: CoreLogic

The Reserve Bank and the Australian Prudential Regulation Authority may have been surprised by the surge in housing prices in May after efforts to …

Apartment supply boom a growing concern: Standard & Poor's

Inner-city apartment prices could be affected by a wave of new properties coming onto the market at the same time as some off-the-plan buyers …

Housing approvals rise to six-month high, buoyed by 8pc increase in apartments

New housing approvals rose in April to their highest monthly level in six months, pushed by an 8 per cent rise in apartments, townhouses and …

New home sales fell in April on houses, apartments, HIA says

New home sales fell 4.7 per cent in April as a decline in apartments was coupled with a fall in detached houses in every state except Victoria.<p>The …

As developed economies such as Australia’s struggle to encourage growth, even the disciples of austerity are admitting that they might have it wrong<p>For Malcolm Turnbull the election is all about jobs and growth and a belief that a company tax cut and reducing government spending is the way to …

Economics

Two New York private equity funds eye Arrium wreckage

Two New York private equity funds, one of whom bought out the North American arm of beauty products firm Avon three months ago, are eyeing all of the …

Telegraph logo

Nobody rings a bell at the top of the credit supercycle, to misuse an old adage. Except that this time somebody very powerful in China has done exactly that.<p>China watchers are still struggling to identify the author of an electrifying article in the People's Daily that declares war on debt and the …

Stock Markets

Receivers warn apartment developers to get ready on settlement risk

Receivers PPB Advisory are warning apartment developers to increase their safety parameters around settlement risk but say there is not the same dire …

Three buyers circling Arrium's Whyalla steelworks

At least three potential buyers circling the unprofitable Whyalla steelworks owned by the collapsed Arrium could receive sizeable financial …

Foreign investors turn lying into art

by Duncan Hughes<p>Foreign real estate buyers have paid about $200 each for forged bank income and spending statements used in mortgage applications, …

France's pivot to Asia: It's more than just submarines

<i>Editors’ Note: Since President François Hollande’s 2012 election, France has launched an Asia-wide initiative in an attempt to halt declining trade</i> …

Arrium administrators get extension after fending off new threat from GSO

by Sarah Danckert and Simon Evans<p>Arrium's administrators have won an extension for the next creditors' meeting until early 2017 after revealing a …

China is carrying $1 trillion in bad debt and 'unless this vicious cycle is broken, financial crisis or at least a sharp slowdown is an inevitable ultimate outcome'

The China debt problem is simple, at least in concept. To grow its economy, the Chinese government and its central bank have extended credit generously to all sorts of Chinese companies. Many of those are "state owned enterprises," which are often old-fashioned, uncompetitive, or kept alive by …

Lenders crack down as borrowers rush to fix

Nervous lenders are enticing preferred home loan borrowers with big discounts as they renew efforts to weed out unsuitable loan applicants with tough …

Deflation has landlords rethinking CPI rents and leases

Landlords are bracing for lower rents and have been locking in new leases without consumer price indexed adjustments because of the prospect of …

Westpac stops lending to foreign property investors

Other banks move<p>Westpac's tightening of standards follows the Commonwealth Bank's clamp down on home loans to foreigners and temporary residents not …

Where are the top 20 growth areas for new housing?

Of the 220,000 new dwellings commenced across Australia last year the ACT's south-west area was the country's No.1 spot for growth with $216.5 …

These are the biggest risks to the global economy

"It's (2016) going to be a period of very uneven and hesitant growth," said Eswar Prasad, Senior Professor of Trade Policy at Cornell University and Senior Fellow at the Brookings Institution. U.S. growth looks reliable, along with the U.K., India and a handful of others. "But by and large, a very …

ALBERT EDWARDS: Central bankers will destroy the 'enfeebled' global economy and plunge the world into chaos

Edwards, a strategist with Societe Generale, is about as bearish as they come.<p>So far this year he has predicted that the US stock market will fall by 75%, argued that we might be heading for another massive global recession, said China will be forced to float the renminbi, and predicted a "tidal …

The Pain You Feel is Capitalism Dying

It can be very confusing to know that you won’t find a decent job, pay off student loans or put in a down payment on a house in the next few …

Economics

Fraud rife in banking system, with lending practices threatening financial system stability, economists say

Fraud is rife in the banking system as banks systematically fudge the numbers on loan applications to make borrowers look more creditworthy than they …

Barangaroo buyers reap $1m profit after two years

About 50 owners at Sydney's Barangaroo have made roughly $1 million each from the resale of their off-the-plan apartments, making an almost 50 per …

China's economy is heading toward the train wreck Japan experienced in the late '80s

Like clockwork, economic growth in the March quarter increased by 6.7% compared to a year earlier, smack in line with forecasts and continuing a trend seen in the previous five GDP reports — in which the figure either met or exceeded expectations by 0.1%.<p>This regularity is an irregularity in …

Regional banks plan push into Sydney, Melbourne residential investor markets

Bendigo Bank and Adelaide Bank are seconding 34 mortgage managers and thousands of brokers for a major push to raise market share in the lucrative …

Developers warn RBA over apartment scaremongering

Developers have warned the Reserve Bank that the more it talks up fears of an oversupply of apartments, the more banks will withdraw their lending to …

RBA warns apartment 'mismatch' could hit prices, rents

The risks in the banking system are shifting from housing finance towards residential development and commercial property lending, the Reserve Bank …

Are skyscraper races a warning of economic chaos to come?

By 2019, Saudi Arabia is expected to be home to the world’s tallest tower. Developers plan to complete a 1-kilometer (3,281 feet) tall building in …

Conversion of Bankstown line for metro trains will force commuters to catch buses for months

The time-frame for the temporary closure has yet to be finalised but Mr Constance said it would not be for several years.<p>The most recent government …