Yahoo Finance ASX down, 4-day work week and 5 other things to start your day
ASX: The local share market is expected to open lower this morning after US stocks tumbled overnight.
Work harder, not longer: Australia could be getting a national trial of the four-day work week to see how it improves the lives of those juggling work and caring responsibilities.
A parliamentary committee has recommended a federal-government-backed trial of the four-day work week, based on the "100:80:100" model, which is where workers keep their entire salary and maintain full productivity despite working 80 per cent of the week.
Budget 2023: Even though it feels like we just had a federal budget, another is about to be delivered. Households are being warned to brace for federal budget cuts in order to tame inflation and ward off economic "booby traps".
Finance Minister Katy Gallagher set the scene for further cost-cutting measures after the latest decision on interest rates.
Robodebt failures: Centrelink employees were told "over and over" that the robodebt system was working as intended when they raised concerns, a royal commission has heard.
On the penultimate day of public hearings, the commission heard from two Centrelink employees who worked with customers affected by robodebt.
‘Clean up your act’: Major supermarkets and multinational brands are under pressure to reduce packaging waste, with growing calls for the government to step in.
"What gives you any confidence they are going to solve this problem when they literally haven't given a s*** about it for decades?" Greens senator Peter Whish-Wilson asked environment department executives yesterday.
Qld floods: The number of evacuations and isolations are increasing across northwest Queensland as flooding blankets parts of the state and neighbouring Northern Territory.
Fears of further flooding have towns on edge, with ongoing thunderstorms and possible heavy rainfall forecast across northwestern, central and southern districts today.
Jailbreak: A remand centre manager who stole more than $100,000, including cash confiscated from prisoners, has been jailed for 19 months for theft.
Brenton John Williams took the money from a safe in the Adelaide Remand Centre between April and July 2022.
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