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2014 Marks Largest Online Fraud Losses EVER!

Posted: May 19th, 2015 | Author: | Filed under: Indeep Media | Tags: , , , , , , | Comments Off on 2014 Marks Largest Online Fraud Losses EVER!

Romance scams led to biggest financial fraud losses in 2014, ACCC saysAustralians were scammed out of almost $82 million last year, with romance-based schemes accounting for the biggest losses, a report from the Australian Competition and Consumer Commission (ACCC) has found.

The figures showed more than 90,000 scams were reported to the ACCC in 2014, with around one in nine successfully obtaining money.

The biggest losses were experienced by those who had been tricked by romance or dating scams, which accounted for $28 million.

The report found while fewer people were falling into the trap of sending money to a false admirer, the financial losses was far greater, with 3 per cent of contacts accounting for 34 per cent of losses.

In 14 cases, the losses exceeded $500,000. Investment fraud and computer prediction software was the next most popular type of scam.

More than $21 million was lost in scams where people were asked to invest in a scheme or work opportunity, or buy into computer programs that claimed to help the user make money :: Read the full article »»»»

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    Clarkson Confident He’ll Star in ‘Another Car Show’

    Posted: April 20th, 2015 | Author: | Filed under: Favorite New Thought, From The Web, Grilled Auto News | Tags: , , , | Comments Off on Clarkson Confident He’ll Star in ‘Another Car Show’

    UPDATED! Jeremy Clarkson, Top Gear Presenter Booted by BBC

    The now former Top Gear star Jeremy Clarkson says he would work on another motoring program after being dropped by the BBC for hitting a producer. He revealed his pain at leaving Top Gear, a hugely successful show which draws more than 250 million viewers around the world, but said he would “pick up the pieces and start again” :: Read the full article »»»»

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      Australian Government Considers Large Scale Roll-back of Pension Access

      Posted: April 5th, 2015 | Author: | Filed under: Australia, Politics, World of the News | Tags: , , , , , | Comments Off on Australian Government Considers Large Scale Roll-back of Pension Access

      Australian Government Indicates Large Scale Roll-back of Pension AccessIn its hunt for savings, the Australian Government is “seriously considering” a proposal to tighten the assets test for retirees, shaving hundred of millions off the ballooning cost of the pension system.

      At the moment, retired couples who own their home, and with other assets up to $1.1 million still qualify for a part pension, a position many consider untenable. The Social Services Minister Scott Morrison has strongly indicated he will look at scaling back access to the pension for wealthy Australians as an alternative to the Government’s current plan to change the rate of indexation.

      In the backflip – the government pledged, via last years budget, to decouple pension rises from the ‘average (male) earnings’, instead linking them to the rate of inflation, saving the government almost $450 million a year – cutting into pension payments by as much as $80 a week – might get the boot?

      Social Services Minister Scott Morrison said last week that he wanted “modest, incremental change” to the pension system, though he is still standing by last year’s budget measure and an attempt to raise the pension age to 70 – which has also stalled in the Senate :: Read the full article »»»»

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        Australia to Sign-up For China-based Asian Infrastructure Investment Bank

        Posted: March 28th, 2015 | Author: | Filed under: Business News | Tags: , , , , , , | Comments Off on Australia to Sign-up For China-based Asian Infrastructure Investment Bank

        Australia to Sign-up For China-based Asian Infrastructure Investment BankThe Australian Federal Government will sign a memorandum of understanding that will allow Australia to participate in negotiations to set up the $100 billion China-led Asian Infrastructure Investment Bank – AIIB.

        The Beijing-based bank was launched late last year and is designed to help finance development projects like road, rail and power infrastructure in the rapidly growing Asian region.

        More than 20 countries have signed on as founding members.

        In the past month, major Western powers including Britain, France, Germany and Italy have also announced their intention to join.

        Australia had resisted joining, but a joint statement from Prime Minister Tony Abbott, Foreign Affairs Minister Julie Bishop and Treasurer Joe Hockey said the Government would sign the MOU that would allow Australia to participate as a prospective founding member :: Read the full article »»»»

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          UPDATED! Jeremy Clarkson, Top Gear Presenter Booted by BBC

          Posted: March 28th, 2015 | Author: | Filed under: Grilled Auto News, Grilled Motoring News | Tags: , , , | Comments Off on UPDATED! Jeremy Clarkson, Top Gear Presenter Booted by BBC

          Jeremy Clarkson, Top Gear Presenter Booted by BBC
          Outspoken British presenter of the Top Gear motoring show, Jeremy Clarkson, has been suspended by the BBC after he was involved in a “fracas” with a producer.

          Clarkson, who has generated both controversy and profits for Britain’s publicly funded broadcaster, was already on a final warning over accusations last year that he had used racist language while filming the show :: Read the full article »»»»

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            Renault on Brink of Quitting F1 Over Engine Stoush

            Posted: March 28th, 2015 | Author: | Filed under: Grilled Auto News, Grilled Motoring News | Tags: , , , , , , | Comments Off on Renault on Brink of Quitting F1 Over Engine Stoush

            Renault on Brink of Quitting F1 Over Engine StoushFrench auto-giant Renault has said it is reviewing all its Formula One options, including quitting the sport or buying the Toro Rosso team, after stinging criticism of its engine.

            The car maker has been at loggerheads with main partners Red Bull since Mercedes decisively ran-away with the season opening Australian Grand Prix earlier this month.

            Despite signs of improvement in Friday practice at the Malaysian Grand Prix, Renault Sport F1 managing director Cyril Abiteboul did not pull any punches when asked at a news conference about the situation.

            Renault supplies power units to former champions Red Bull and sister team Toro Rosso, its only remaining clients after Caterham folded and Lotus switched to Mercedes :: Read the full article »»»»

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