Teens at risk of credit card trap

Teens at risk of credit card trap

ONE-quarter of Australians are signing up to their first credit card while still a teenager, prompting warnings it can create dangerous debt spiral. New research by Finder.com.au found that 16.6 per cent of people get their first credit card at 18 and another 6.3 per cent get theirs at 19. By age 25, more than 55 per cent have a credit card. Finder spokeswoman Bessie Hassan said young Australians were signing up to credit cards to finance overseas trips, rental payments, medical expenses, vehicles, and study costs. “As the cost…

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Nobel academy member calls Dylan arrogant (AAP)

Nobel academy member calls Dylan arrogant (AAP)

By JAN M. OLSEN –AAPon October 23, 2016, 5:30 pm A member of the Swedish Academy – the group behind the Nobel prizes – was speaking only for himself when he called this year’s Literature Prize winner, Bob Dylan, “rude and arrogant” for not expressing thanks for the prize, the academy says. “A member of the academy, Per Wastberg, has publicly expressed his disappointment at Bob Dylan’s omitted response. This is Mr Wastberg’s private opinion and is not to be taken as the official standpoint of the Swedish Academy,” read…

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WA drink-drivers forced to install alcohol interlock devices

WA drink-drivers forced to install alcohol interlock devices

Posted October 24, 2016 10:22:28 From today, tough new drink-driving laws come into effect in Western Australia, with some offenders forced to install alcohol interlock devices in their cars. The scheme applies to people who record high blood-alcohol levels, and repeat offenders who will have to install the devices which require them to take a breath test before they can start the engine. They will be fitted for a minimum of six months from the driver’s disqualification period. Earlier this year, the Road Safety Minister Liza Harvey said the move…

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Could a President Trump stop the AT&T, Time Warner mega-merger?

Could a President Trump stop the AT&T, Time Warner mega-merger?

Donald Trump says he doesn’t think AT&T and Time Warner should merge. And Hillary Clinton might not want them to either. No matter who our next president will be, regulators are likely going to be very tough on the $85 billion mega-merger. The regulatory climate has intensified lately, with the Obama administration saying no to several huge deals. Scuttled tie-ups included AT&T (T, Tech30) and T-Mobile (TMUS); Sprint (S) and T-Mobile; Halliburton and Baker Hughes; and Pfizer and Allergan. Still, regulators under President Obama have been relatively lax in approving…

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