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Growing number of scammers stealing superannuation

Growing number of scammers stealing superannuation

The Australian Financial Complaints Authority has received more than 100,000 complains in the last year about malpractice in the finance industry.
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Nick Papps appointed inaugural editor of The California Post
Nick Papps appointed inaugural editor of The California Post

Herald Sun

time27 minutes ago

  • Herald Sun

Nick Papps appointed inaugural editor of The California Post

Don't miss out on the headlines from Victoria. Followed categories will be added to My News. Veteran News Corp Australia journalist Nick Papps has been appointed inaugural editor of The California Post – a soon-to-launch sister publication to the famed New York Post. In a statement released on Tuesday morning local time, the New York Post Media Group heralded the new media venture, with its content to appear across multiple platforms and formats, including mobile and desktop sites, video, audio, social media and a daily print edition. It will launch in early 2026. 'Now, more than ever, Californians need a media outlet dedicated to common sense, clever coverage of the most important issues, many of which are ignored or dismissed by current print and digital outlets,' the statement read. 'Despite its vibrancy – as well as the upcoming Olympic Games and World Cup – California lacks a voice that will hold leaders to account as they attempt to tackle the most critical issues facing residents. 'In fact, Los Angeles is fast becoming a news desert, despite being home to nearly 13 million monthly digital newsreaders. Thousands of stories are going untold and countless perspectives aren't being represented by a media ecosystem that has lost touch with the people – especially as the city and state face unprecedented challenges and leadership vacuums.' Papps, to be the new Los Angeles-based masthead's inaugural editor, is currently weekend editor of the Herald Sun. News Corp Australasia executive chairman Michael Miller described Papps as a 'talented' editor. 'Nick has built a great editorial career since starting out as a cadet reporter in Adelaide in 1992, and he has excelled in senior reporting and editing assignments in multiple cities,' Mr Miller said. 'Importantly for his new role, one of those cities is LA, where Nick was a correspondent for our Australian mastheads from 2004 to 2006, so he is returning to a town he knows and loves.' Herald Sun editor Sam Weir congratulated Papps. 'Nick has done a stellar job as weekend editor and played a vital role in making the Herald Sun the most-read masthead by Victorians across digital and print,' he said. 'Everyone in the newsroom wishes Nick all the success with this exciting opportunity'. News Corp chief executive Robert Thomson said the Californian market was currently 'starved' for serious reporting. 'Los Angeles and California surely need a daily dose of the Post as an antidote to the jaundiced, jaded journalism that has sadly proliferated,' Mr Thomson said. 'We are at a pivotal moment for the city and the state, and there is no doubt that the Post will play a crucial role in engaging and enlightening readers, who are starved of serious reporting and puckish wit. 'I am also pleased that (New York Post editor-in-chief) Keith Poole's remit is expanding, as he will now be responsible for covering not just New York, but California, the US, the world and, perhaps, Mars.' The California Post will operate as a separate entity under the New York Post Media Group, a subsidiary of News Corp, publisher of The Australian.

Households spending on non-essentials as pressures ease
Households spending on non-essentials as pressures ease

Perth Now

time29 minutes ago

  • Perth Now

Households spending on non-essentials as pressures ease

Australians have been splashing out on new cars, food and electronics as price pressures ease. Household spending rose 0.5 per cent in June on top of a one per cent increase in May as shoppers shelled out for new goods, official figures show. Spending on furnishings and household equipment led the charge, growing by two per cent, while clothing and shoes rose by 1.6 per cent and food increased by 1.5 per cent in Australian Bureau of Statistics data released on Tuesday. Australians spent less on alcohol and tobacco, health and eating out in June. Compared to same month in 2024, Australians spent 7.9 per cent more on recreation and culture and 7.5 per cent more on food, with household spending overall sitting 4.8 per cent higher. Data for the June quarter showed a third consecutive rise - of 0.7 per cent - in the volume of household spending to $217.8 billion, driven largely by non-essential purchases on things like recreation and culture, and hotels, cafes and restaurants. The figures reflect "a steady improvement in consumer confidence as price pressures eased over the year", the bureau's head of business statistics Robert Ewing said. Household spending grew in all but one Australian state or territory, with the NT experiencing the biggest rise. The only fall was in WA where it dropped 0.3 per cent. The results were echoed by a lift in consumer confidence to its highest level in three years amid falling inflation and growing hopes of an interest rate cut. Roy Morgan's weekly consumer confidence index, also released on Tuesday, showed a rise of 3.9 to surpass 90 points for the first time since May 2022. The Reserve Bank is widely tipped to cut interest rates at its August meeting after a surprise decision to leave the cash rate unchanged in July.

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