Victorian Labor to Legislate 2-Day Work-from-Home Right in Australian First
The move, announced at the state Labor conference, appears to be a pitch to voters ahead of the state election due in November 2026.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
25 minutes ago
- Yahoo
Housing Crisis 2025: Why Rental Shortages Could Spike Your Living Costs
According to a report by the National Low Income Housing Coalition, the U.S. has a shortage of 7.1 million rental units. Be Aware: Find Out: That supply shortage has driven enormous rent spikes in recent years, with Consumer Affairs reporting that nationwide rents surged 23.4% between 2020 and 2022 alone. While rent growth has slowed over the last two years, it continues to drive up the cost of living in many cities. Housing Disproportionately Drives Inflation The Bureau of Labor Statistics combines the costs of many goods and services to calculate its consumer price index (CPI) inflation figure. But it weights those costs differently — and housing makes up about 35.5% of the total inflation rate. So even if other costs, such as groceries, were going down in price (which they're not), fast rent growth could still cause high inflation rates. Check Out: Interest Rates Remaining Higher for Longer The Federal Reserve started cutting interest rates in the second half of 2024, feeling confident that inflation was slowing. But the sudden appearance of tariffs caused it to fear heating inflation once again, and it's paused rate cuts to see how the economy responds to new tariffs. 'Since housing is a big part of the CPI, persistently high rents are keeping inflation stubbornly high,' explained Yancy Forsythe, founder of Missouri Valley Homes. 'That makes it harder for policymakers to ease rates.' Higher interest rates make it more expensive for consumers to borrow and buy, and for businesses to borrow and expand by hiring. It puts a brake on the economy for both businesses and consumers. Uneven Housing Shortages Some cities have a surplus of rental housing. Austin, Texas, for example, has a high multifamily vacancy rate of 9.6%, according to Apartment List. Others have dire shortages. Perennially difficult San Francisco has a vacancy rate of just 3.8%. 'With a rental vacancy rate of just 0.6% (a fraction of the 5% considered healthy), we're facing a critical shortfall of 23,500 units right now. This scarcity doesn't just hurt families — it puts pressure on wages, fuels inflation, and distorts our whole economy,' said Carla Gericke, who works as a real estate agent at Porcupine Real Estate in New Hampshire. Even within individual cities, some neighborhoods have housing shortages while others have plenty of units available. A July study by Moody's Analytics found that most of the housing shortage appears in the lower- and middle-income neighborhoods, with housing surpluses in higher-income districts. Red Tape for New Housing Why do some cities have plenty of housing, while others continually struggle with affordability and availability? Cities with abundant housing, such as Austin, Phoenix (7.9% multifamily vacancy rate) and Dallas (8.2%), encourage the construction of new housing supply. Other cities limit zoning of higher-density housing, and layer on regulations and fees that deter new housing development. 'The tightest rental markets right now are in coastal and high-income metros like San Francisco, Seattle, Boston, and San Diego where the supply constraints, zoning restrictions and booming demand have created rent spikes and ultra low vacancy rates,' Forsythe said. 'In San Francisco for example, rents rose by more than 11% year-over-year, while rental vacancy rates have dropped to half the national average.' Affordable housing shortages will likely keep fueling inflation, slowing interest rate cuts and pinching lower-income families until there's more of it. More From GOBankingRates 6 Big Shakeups Coming to Social Security in 2025 This article originally appeared on Housing Crisis 2025: Why Rental Shortages Could Spike Your Living Costs
Bloomberg
2 hours ago
- Bloomberg
UBS Strategists Say Dollar Negative Story Is ‘Back in Play'
Weakness in the US labor market and changes to the Federal Reserve's board and Bureau of Labor Statistics are risks that could push the dollar and Treasuries lower, strategists at a unit of UBS Group said. Investors have yet to fully price in the impact of Friday's series of events that began with a jobs report that showed hiring has been slowing and concluded with the resignation of Fed Governor Adriana Kugler, the strategists from UBS Investment Bank wrote Wednesday.
Yahoo
9 hours ago
- Yahoo
Metavesco's Epic Labor Announces Expansion Into Augusta, Georgia
CUMMING, GA - August 6, 2025 (NEWMEDIAWIRE) - Metavesco, Inc. (OTC: MVCO), a publicly traded diversified holding company, today announced that its wholly owned subsidiary, Epic Labor, is expanding operations into Augusta, Georgia. Opening of this new location will mark the fifth active branch and underscores its commitment to becoming a leading provider of on-demand labor across the Southeastern United States. "Epic Labor started with the acquisition of two staffing offices last fall," said Ryan Schadel, CEO of Metavesco. "Since then, we've opened two additional branches organically, with Augusta being the next market we're entering as part of our aggressive expansion plan." Epic Labor provides fast, reliable staffing for construction, warehouses, events, and hospitality clients. With its 24/7 dispatch model and two-hour worker replacement guarantee, the company is uniquely positioned to solve urgent labor needs in high-demand sectors. The Augusta expansion aligns with the company's previously announced roadmap to 98 offices, which targets a mix of acquisitions and de novo launches across key metro areas in the Southeast, including Georgia, South Carolina, North Carolina, and Florida. "Each new location brings us closer to our goal of becoming the dominant player in short-notice, high-performance labor," Schadel continued. "Augusta represents a strong industrial and hospitality market that's ideal for our model." Further details regarding the office grand opening and staffing plans will be provided in a future update. About Metavesco, Inc. Metavesco is a diversified holding company focused on acquiring and managing assets across multiple sectors, including consumer packaged goods and staffing services. The company is dedicated to long-term growth through organic expansion, strategic acquisitions and innovative market solutions. Safe Harbor Statement This press release contains statements that constitute forward-looking statements. These statements appear in a number of places in this press release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of the Company, its directors or its officers with respect to, among other things: (i) financing plans; (ii) trends affecting its financial condition or results of operations; and (iii) growth strategy and operating strategy. The words "may", "would", "will", "expect", "estimate", "can", "believe", "potential", and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors. More information about the potential factors that could affect the business and financial results is included in the Company's filings on Contact:Ryan Schadel678-341-5898info@ View the original release on Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
