🗞 Unfair evasion

On this day in 1963 Martin Luther King delivered his, "I have a dream" speech, creating one of the most memorable quotes of all time.

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Pick & Scroll News
August 28, 2024



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Good morning. Everyone has a friend who suspiciously goes missing when it's their turn to buy a round at the bar.


If you missed it yesterday, even that friend might be surprised to hear that in the first two weeks of the 50-cent public transport fares trial in Queensland, authorities issued 475 fines for fare evasion. Even more ridiculous is that 2,406 people got away with just a warning.


I suppose if you snuck on 644 times you would finally get your money back from one $322 fine. Seems logical.


All the headlines and more below...

AUSTRALIAN NEWS

Sydney & Melbourne homes for sale spike

  • The number of homes for sale has surged in Sydney and Melbourne’s affluent suburbs as sellers rush to list before the spring market heats up. LINK

  • Australia will cap new international student numbers at 270,000 from 2025 as part of reforms that will mainly affect large universities. LINK

  • Households have likely depleted their $300B in pandemic savings, limiting their ability to spend on upcoming tax cuts. LINK

  • Australia is under pressure to increase climate funding for Pacific nations, despite already committing a significant portion to the region's flagship $737M climate fund. LINK

  • A study finds that young tradies often ignore pain and delay treatment due to misconceptions about their age and health. LINK

GLOBAL NEWS

London luxury homes rely heavily on wealthy American buyers

  • London's luxury home market is increasingly relying on wealthy American buyers to revive sales, as tough new taxes deter domestic and European investors. LINK

  • Libya's eastern government halted oil exports, causing global crude oil prices to surge 3% overnight. LINK

  • Ukraine unveiled a new long-range weapon capable of striking deep into Russia without needing permission from allies, as a response to recent Russian bombings. LINK

  • Canada plans to impose a 100% tariff on Chinese electric vehicles and 25% on steel and aluminum imports. LINK

  • China's video game Black Myth: Wukong sold 10 million copies in 3 days, becoming one of the country's most successful releases. LINK

COMPANY NEWS

Tradies get a taste for Guzman y Gomez’s breakfast burritos

  • Guzman y Gomez is capitalising on the drive-through breakfast trend, particularly among tradies, aiming to double its morning sales by expanding its menu offerings and expand its US operations in Chicago. LINK

  • Woodside reassured investors it could maintain strong dividends even as profits slipped by 14%, driven by increased spending on low-carbon energy projects. LINK

  • Coles reported a 4.4% rise in full-year revenue to $43.68B, driven by effective theft management and cost-conscious shoppers shifting to home cooking. LINK

  • UnitingCare Queensland ended its contract with Australia's largest health insurance buying group, affecting over 570,000 policyholders in QLD. LINK

  • OpenAI is supporting a bill which would require tech companies to label AI-generated content, while it opposed another bill mandating safety testing of AI models. LINK

  • TPG Telecom partnered with US-based Lynk Global to provide near-100% mobile coverage across Australia, aiming to eliminate dead zones in rural and remote areas. LINK

  • Singapore Airlines plans to operate from Western Sydney Airport starting in late 2026. LINK

  • Zip forecasted a 30% increase in US transactions for 2025 as expansion of its payment provider partnerships drives profitability. LINK

  • Lovisa opened 128 new international stores in 2024, with a nearly 20% earnings growth and international expansion into new markets like Ivory Coast and Congo. LINK

  • BHP shifted its focus from iron ore to future-facing commodities like copper, signalling the end of the iron ore boom. LINK

  • Austal is fighting to retain its US Navy contracts after accepting a $35.4M fraud penalty in a plea deal with US regulators. LINK

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THE ODD PICK

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TRIVIA

I have a dream


On this day in 1963, Martin Luther King delivered his "I have a dream" speech, creating one of the most memorable quotes of all time. Can you name who said the famous lines below?

  1. That's one small step for man, one giant leap for mankind

  2. To be, or not to be, that is the question

  3. Be the change that you wish to see in the world

  4. The only thing we have to fear is fear itself

  5. There's vomit on his sweater already, mom's spaghetti


Answers below

ANSWERS

1. Neil Armstrong
2. William Shakespeare
3. Mahatma Gandhi
4. Franklin D. Roosevelt
5. Eminem