‘… global investors haven't confined their selling to stocks. They're moving their cash out of America.

‘For decades, US government debt has been considered the benchmark for financial security. In times of trouble, investors, institutions and even nations have scrambled for the safe haven that is the world's biggest economy.

‘That crown has begun to slip and with it, the notion of a US dollar as the world's reserve currency.

‘…Trump has damaged his country's standing and its reputation.
…
‘When it comes to business, as in life, trust and confidence are paramount.

‘Without trust, you suddenly find yourself swimming alone. Just ask Elon.’

#TradeWar #Tariffs #USPol #MafiaDon #DonTheCon #ABCNewsAustralia #Economics #ABCNews

https://www.abc.net.au/news/2025-04-08/why-america-will-be-the-biggest-loser-in-trump-s-tariff-war/105148340

@abcfeeds

Except he didn’t, did he?

#ABCNewsAustralia #Thisisnotjournalism

#ABCNewsAustralia Spreading the myth that Australia’s national budget is like a household’s budget.

The Australian government prints its own (fiat) currency. It can’t run out of money, like a household.

#auspol #mmt #Thisisnotjournalism

ABC News is probably the only news organisation in Australia that can and does dedicate resources to doing this kind of regional reporting (which is why its continued funding is so important), but they really need to cut back on adding strong vignettes to photos in articles about natural disasters to try to make them more “dramatic”. Particularly the photos in the second half of this article are a bit much…

https://www.abc.net.au/news/2025-03-12/people-of-lockyer-valley-sick-of-floods-but-used-to-it/105038792

#ABCNews #ABCNewsAustralia #Australia #CycloneAlfred

A great piece of analysis from @ABC about company reputations - how to trash them e.g. PwC, Qantas, Colesworth - how to restore them e.g. big 4 banks and that ESG (environmental, social, and governance) done right should be table stakes for corporates today.

Well-written, informative and entertaining analysis. Kudos to Daniel Ziffer.

Source:
https://www.abc.net.au/news/2025-01-05/why-some-companies-keep-trashing-their-public-reputation/103978342

#ABCNewsAustralia

“Cryptocurrency entrepreneur Justin Sun eats $9.5 million banana artwork Comedian by Maurizio Cattelan” | #ABCNewsAustralia

https://www.abc.net.au/news/2024-11-30/cryptocurrency-entrepreneur-justin-sun-eats-banana-artwork/104667386

Lately I am constantly reminded of that great line from William Gibson’s Count Zero:

“And, for an instant, she stared directly into those soft blue eyes and knew, with an instinctive mammalian certainty, that the exceedingly rich were no longer even remotely human.”

#Bananas #ABCNews

“Australian Transport Safety Bureau report lists series of protocol breaches from Qantas over incident involving tool in engine” | #ABCNewsAustralia

https://www.abc.net.au/news/2024-11-27/qantas-refutes-safety-bureau-report-listing-series-of-failures/104654270

”a "cascade of errors" that saw a 1.25-metre tool left in an engine for 300 hours of flying time.”

”a Qantas employee entered false information into the airline's digital maintenance system to say the tool had been accounted for”

#Qantas #Aviation #ABCNews

An example of the importance of journalism

https://www.abc.net.au/news/2024-11-15/surgical-abortions-at-queanbeyan-hospital-to-be-reinstated/104603266

#ABCNews #ABCNewsAustralia #Australia #abortion #healthcare