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🗞️ Jailbreak
It has been three weeks since 10 inmates broke out of a New Orleans jail, leaving a sign saying 'To Easy, LoL'.
Pick & Scroll News
June 10, 2025
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Good morning. It has been three weeks since ten inmates broke out of a New Orleans jail, leaving a sign saying 'To Easy, LoL.’
The breakout has captured global attention, with some betting agencies providing odds on the last inmate to be recaptured.
8 out of the 10 inmates have been found whilst two of them are still on the run.
A full timeline here includes footage of them fleeing the jail.
How long do you think you could survive being on the run?
All the headlines and more below...
AUSTRALIAN NEWS
Victoria to spend $81M on external policy advice
The Victorian government will spend $81M on external economic advice in FY24, representing a 35% increase from the previous year. LINK
Australia's new superannuation tax could affect more than 500,000 workers as it targets high balances without inflation indexing. LINK
Trump’s “One Big Beautiful Bill” has significant implications for Australia’s currency. LINK
QLD tobacconists face insurance premium hikes from $7,000 to $25,000 due to illicit tobacco-related arson attacks. LINK
The federal government will subsidise household battery systems by 30% from July 1 to support renewable energy adoption. LINK
Private credit firms in Australia have borrowed $80M from their own funds. LINK
GLOBAL NEWS
Trump wants the Fed to cut interest rates by a full point. That normally takes a recession
Trump has demanded a full percentage point rate cut from the Federal Reserve before their June meeting. LINK
Donald Trump's comprehensive tax and spending package has sparked controversy with Tesla CEO Elon Musk over clean energy incentives. LINK
Chinese exports slowed to 4.8% growth in May while factory deflation hit its worst level in 2 years as US tariffs impact trade. LINK
COMPANY NEWS
JPMorgan to fire newcomers if they quit 'within 18 months' after Jamie Dimon's warning
JPMorgan will fire new graduates in their US branches if they accept a role within their first 18 months of working at the bank. LINK
The Seven and Nine networks are planning newsroom cuts as top TV stars earn 6-figure salaries whilst advertising revenue declines. LINK
HESTA locked 1.1 million members out of accounts for 7 weeks during an administrator switch, causing service disruptions. LINK
Pinterest reports 40% of users are Gen Z whilst achieving record US$1.15B revenue in Q4 FY24. LINK
Network Ten has cancelled The Project after 16 years and 4,504 episodes with the final show airing on June 27. LINK
Warner Bros. Discovery will divide into 2 separate companies to split its streaming and studios from cable networks by FY25. LINK
Tesla's market value has declined 29.3% this year due to weakening EV demand and controversies involving Elon Musk. LINK
Star Entertainment has revealed that its junket operations comprised 14% of revenue over 5 years before facing money-laundering issues. LINK
Virgin Australia has confirmed its $685M IPO with shares priced at $2.90 and ASX listing set for June 24 under ticker VGN, valuing the airline at $2.3B with new investors holding 30.2% of shares. LINK
Don Watson Transport, a major Australian refrigerated freight company, has shut down after almost 80 years of operations, which will cut 300 jobs. LINK
SkyCity Entertainment has filed a NZ$330M lawsuit against Fletcher Building over delays at the New Zealand International Convention Centre. LINK
ONE MORE SCROLL
Editor’s Pick: Experts warn smartwatch sleep scores often cause unnecessary anxiety.
Draft Pick: Carlos Alcaraz defeats Jannik Sinner in the French Open finals, taking home the title for a second year running.
Odd Pick: Pregnant news anchor stays on air during labour. ‘If I disappear, that’s what’s going on,’ she says.
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TRIVIA
You and a friend are taking turns filling up a cup with water. You fill up 50% of the total cup, your friend then fills up 25% of the total cup, you then fill up 12.5% of the total cup, etc. This process continues indefinitely. What percentage of the total cup did you fill up and what percentage did your friend fill up?
Answer below
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ANSWER
You filled up 66.67% of the cup, while your friend filled up 33.33% of the cup.
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