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🗞️ Apex AI predator
A quick google will provide plenty of employee monitoring tools you could purchase to (micromanage) ensure a good work-life balance for your employees.
Pick & Scroll News
November 26, 2024
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Good morning. A quick google will provide plenty of employee monitoring tools you could purchase to micromanage ensure a good work-life balance for your employees.
However, this sales pitch has attracted particular attention as the software aims to provide the following:
Takes screenshots of your desktop at every interval
Keeps track of the programs you open and how often
Creates real-time recordings and heat maps of where you click in any program
AI then creates a "productivity graph" from the "mouse movement data" and compares you to colleagues.
Lunchtime conversation for you. If this tool had been secretly installed on everyone's laptops, who would be the first to be made redundant in your team?
All the headlines and more below...
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AUSTRALIAN NEWS
Home loan stress is rising, doubling since 2016
Home loan stress in Australia has surged to $23B, doubling since 2016, with 35,000 households struggling with mortgage payments. LINK
Australia has enacted its first standalone Cyber Security Act, implementing mandatory security standards for devices, requiring ransom payment reporting and establishing a Cyber Incident Review Board. LINK
A survey reveals AI could save Australian workers a full day each week, while many companies find it ineffective in moving from pilot to production despite large innovation budgets. LINK
APRA has maintained a 3% serviceability buffer on home loans and a countercyclical capital buffer at 1%, despite increased investor borrowing and calls for flexibility. LINK
QLD government has implemented a policy to allow first-home buyers to rent out rooms while maintaining stamp duty discounts, aiming to assist buyers and increase rental availability. LINK
A survey by AMP has revealed that 80% of Australians aged 65 and over prefer ageing at home due to aged-care system concerns. LINK
A recent bank study has shown that female entrepreneurs in Australia face significant funding challenges compared to male counterparts. LINK AUS
NSW faces potential rolling blackouts due to unexpected coal power outages and a heatwave. LINK
Victoria's household income has fallen behind Tasmania's for the first time amid rising debt and economic decline. LINK
Sydney home prices continue to decline as over 50% of home sellers close deals before auctions due to waning buyer demand and surplus property availability. LINK
GLOBAL NEWS
Why your coffee is about to get even more expensive
Arabica coffee prices have surged over 60% this year to a 13-year high of $3.03 per pound, as adverse weather in Brazil and Vietnam impacts supply. LINK
Australia has experienced the steepest decline in living standards among OECD countries since 2019. LINK
Financial services are transitioning into a steady use of AI after moving past initial enthusiasm and disillusionment, whilst facing challenges with governance concerns and added costs. LINK
COMPANY NEWS
Qantas and other airlines partner with Apple to improve luggage tracking tech
Apple has partnered with more than 15 airlines to implement AirTags and Find My technology for luggage tracking solutions. LINK
Air New Zealand anticipates a first-half FY25 earnings decline before taxation of NZ$120M to NZ$160M, due to headwinds including ongoing engine maintenance issues, jet fuel prices and reduced government travel demand. LINK
Woolworths has acquired tech assets from bankrupt Takeoff Technologies for $3.85M to enhance its micro-fulfilment centres. LINK
A2 Milk reported an upgrade in full-year revenue guidance and new dividend policy implementation. LINK
Australian Venue Co, the nation's second-largest pubs group, has reported increased spending since late September, with Christmas bookings up 16%, and cocktail and spirit sales matching beer. LINK
Amazon has become the second-largest online retailer in Australia, challenging Coles and Woolworths, although its sales remain significantly smaller than the major supermarkets. LINK
CHART OF THE DAY
Google’s revenue streams
ONE MORE SCROLL
Editor’s Pick: Apple shares the most popular podcasts of 2024.
Draft Pick: India beat Australia by 295 runs in Perth to go 1-0 up in the series.
Odd Pick: Banana taped to a wall sells for US$6.2 million at New York auction.
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BRAINTEASER
Let’s play a game
Here is a brainteaser to kick off your Tuesday:
Six friends are standing in a circle in the playground, facing inwards.
Grace is standing to the left of Catherine and is opposite Willow.
Max is facing Karri and is standing next to Catherine.
Liam is in between Willow and Karri.
They’ve been playing a game in which they throw a bean bag to one another in a specific pattern.
Someone throws the bean bag to the person opposite.
They then hand it to the friend on their left.
In the first round, after three repetitions of this pattern Willow is holding the bean bag.
Who was holding the bean bag at the start?
A) Grace
B) Karri
C) Willow
D) Catherine
Answer below
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