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Good morning. The next time you blow out your budget on a holiday or on a night out, you now have a reason to feel better about yourself.


The Bureau of Meteorology is facing huge backlash because its website redesign project cost $96M verse the expected $4.1M.


To the tech consultancy that oversaw this project, we applaud you.


All the headlines and more below...

AUSTRALIAN NEWS

Human attention spans are 1/3 of what they were 30 years ago

  • Human attention spans have dropped from 2 minutes 30 seconds in 1994 to 47 seconds in 2024 as tech overload fuels a mental state called 'popcorn brain'. LINK

  • Victoria has introduced new rental reforms as it bans 'no reason' evictions and tightens rental bidding rules to boost renters’ rights amid a housing crisis. LINK 

  • Generative AI underperforms in creative advertising tasks as it lacks humour, metaphor and imagination. LINK 

  • 75% of female transport workers suffer health issues as they face unsafe and unsanitary toilet facilities during shifts. LINK 

  • A bird strike has caused a fatal helicopter crash in Australia. LINK 

  • Australia risks missing an annual $44B productivity boost from AI as a critical skills gap and slow small business uptake hinders adoption. LINK

  • Nearly 1M Australian children are experiencing rising disadvantage as anxiety and underperformance worsen due to systemic inequality and weak policy reform. LINK

  • AI-driven job losses are hitting US graduates, sparking Australian concerns about white-collar careers and educational strategy. LINK

COMPANY NEWS

RBA staff to get 8 ‘wellbeing’ days off a year

  • The RBA has approved 8 wellbeing leave days per year without requiring evidence despite warnings over national productivity and downgra

    ded growth outlook. LINK

  • OpenAI launched internal reviews after updates to ChatGPT’s personality unexpectedly led users to report intense emotional reactions. LINK

  • CBA has restricted new home lending via trusts and companies for investors as it responds to rising market risk and growing investor loan volumes. LINK

  • Penfolds has attracted collectors with bottles worth up to $30,000 to its recorking clinics as it evaluates and reseals older premium wines at the Adelaide Magill Estate. LINK 

  • Realestate.com.au attracted a record 13.05M Australian visitors in October, using a strong membership model and strategy to lead Domain by 5.5M users. LINK

  • CBA faces political pressure for refusing to refund $270M in fees taken from 2M low-income customers as critics question its ethics and accountability standards. LINK 

ONE MORE SCROLL

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BRAINTEASER


This trivia comes from the show, The 1% Club. This is the 5% question meaning only 5 out of 100 people got it correct. You have 30 seconds to prove you are in the smartest 5%. Your time starts now...


What two letters finish off this sequence of pairs of letters:

SR ET TE LF OS RI ??


Answer below

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ANSWER

PA - which makes: pairs of letters (backwards)


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