Thứ Năm, 28 tháng 3, 2013

Bankrupt showbiz mogul owes $7m

first impression

Can you undo a bad first impression?

WE are often told we have 30 seconds to make a good first impression. But  what if you make a really, really bad one?

Extra hours won't help you get ahead

Stressed worker

WORKAHOLICS and office stalwarts beware: just because you've become part of the furniture doesn't mean you're primed for promotion.

How to deal with warring co-workers

office bully

EVER been in a situation where two of your colleagues hate each other so much that everyone around them is affected? Here's what to do.

Men want toys, women seek options

woman in office with headset

BLOKES want to work with fighter jets and big trucks while women value job security and flexible conditions, a new survey has revealed.

The 20 companies Aussies want to work for

happy workers

IF you could work anywhere in the country, where would you choose? These employers offer great perks, a lot of flexibility and interesting work.

ACTU in $30 minimum-wage rise push

dave oliver

THE Australian Council of Trade Unions will lodge a claim this week for a $30-a-week pay increase for Australia's lowest-paid workers.

Shop charges customers $5 to browse

Brisbane $5 charge for browsing sign

A SPECIALITY grocery store owner is charging customers to browse after becoming fed up with people who enquire but don't buy.

Safety first for business awards

Telstra

REPEATED accidents to students learning how to use electrical tools in the classroom is what encouraged small business owner Bruce Lewis to finally take action.

Small business: The revolving door

Gary Gray

THE fifth Small Business Minister in 15 months, Gary Gray, already is facing a rebellion from the sector where the Federal Government has an approval rating of just 14 per cent.

Unions attack building guidelines

NSW treasurer Mike Baird

UNIONS NSW has slammed Treasurer Mike Baird over new guidelines to undermine their influence.

Business a poster child for charity

Michelle Valentic

BUSINESS is just ticking along but requests for help from the local kindergarten, footy club and seniors groups keep coming in thick and fast.

How to join the pyjama workforce

your money koch

ABOUT two-thirds of all Australian micro and small businesses are based at home.

Log on to your business future

Goodsir

FOR many small businesses, getting online is akin to a child taking its medicine.


View the original article here

RBA tells homeowners to resist loans

mortgage

RBA tells homeowners to save and not take on attractive home loans. Source: Supplied

HOUSEHOLDS are being urged to continue bolstering their saving and resist the attractive loans on offer from the major commercial banks by the Reserve Bank, as the economy works its way out of its historically high debt levels.

Despite financial stress and mortgage arrears falling in most parts of the country, the RBA said the household savings rate of just over 10 per cent, which is well above its 20-year average, must be maintained and debts paid down.

And the central bank's half-yearly Financial Stability Review warns investors the upward swing in global markets this year may only be temporary with the crisis in Cyprus a clear warning of the risks that still remain as the global economy works its way out of its financial hangover.

The RBA's increasingly optimistic outlook has seen JP Morgan yesterday push back its tip of another and final interest rate cut, to take the official cash rate to a record low of 2.75 per cent, from May to November.


This comes as the RBA confirms the cost of wholesale funding - the level at which banks borrow from each other - has dropped to its lowest level since the GFC began in 2008.

But instead of using this drop to lower borrowing costs for consumers, the banks have continued to strengthen their capital, funding and liquidity positions.

The Financial Stability Review also said that while ANZ accounted for a large part of the growth in Asia with its super regional strategy to generate 25-30 per cent of its business from the region by 2017 - all the big banks have increased their exposure in the past five years.

International Banking Statistics shows Australian banks assets in Asia has risen from $27 billion in 2007 to $112 billion at the end of last year.

But the report warned that while the more prudent approach of the post global financial crisis period has helped bring household debt-to-income ratio down from 153 per cent in late 2006 to 148 per cent it was still to high and paying down debt must continue to be priority.

The US rate peaked at 133 per cent during the sub-prime boom.This more cash-conscious approach has however seen household's mortgage buffer surge to over 20 months - this is scheduled repayment plus interest - in the past five years.

"Housing loan arrears rates have continued to improve across most parts of the country and other indicators of household financial stress remain low," the RBA report said.

"Nonetheless, household indebtedness and gearing remain around historically high levels. It would therefore be undesirable from a financial stability perspective if households were to exhibit less prudent behaviour than they have over the past few years.

"This increasingly conservative approach to family finances has seen the net worth of the average household rise to $721,000 - this includes property assets, superannuation and savings in the March quarter.

It is back from a low of $632,000 in mid-2008 but still below its 2007 peak of $772,000 before the crisis hit.


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VB winning in battle of the brews

Beer

Source: Herald Sun

A BEEFED-UP VB has knocked off rival XXXX Gold from the top shelf as the nation's top selling beer.

Latest Nielson figures show the VB now makes up 12.2 per cent of all beer consumed in Australia with XXXX Gold slipping to 11.9 per cent.

A bitter brewery rivalry started between Victoria and Queensland after the nation's sunny state last year stole the mantle as the country's favourite beer with a market share 12.4 per cent.

Tell us below: What's your favourite brew?

VB reigned as king of beers for 19 years but drinkers lost flavour with Aussie icon after the brew was tinkered with and it's alcohol content dropped to 4.6 per cent.

Drinkers have been flowing back to VB after Carlton United Breweries decided to bring back the beer to its original 4.9 per cent alcohol content, original flavour and packaging late last year.

The move is costing CUB tens of millions of dollars in excise tax, but the gamble is paying off with sales up for the first time in 10 years.

``Seeing Vic Bitter's return to being Australia's favourite beer is heartening,'' Victoria Bitter general manager Richard Oppy said.

``Our drinkers were right; we shouldn't have tinkered with the brew.''

aleks.devic@news.com.au
 


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Can you undo a bad first impression?

first impression

Said the wrong thing? Don't worry, most things can be fixed with a genuine apology. Picture: Thinkstock Source: news.com.au

WE are often told we have 30 seconds to make a good first impression.

Others will say you have seven seconds to make a good first impression. Or is it three?

While the networking gurus can't seem to agree on the exact timing, the point they make is that first impressions matter. A lot.

But what if you make a bad one? Can it be undone?

Etiquette expert Anna Musson said it was possible but difficult.

"It is much easier to turn a good first impression into a bad overall impression than it is to turn a bad first impression into a good one," Ms Musson said.

Ms Musson said first impressions were so hard to change because people's senses go into overdrive when they first meet someone.

"We like to think that we're right and once we've made up our mind about a person we need to be persuaded otherwise," she said.

To undo a bad first impression takes "at best hours, at worst years".

"If their initial assessment is that you are shady, you will have to work to really show your integrity, honesty, authenticity, hard work - and actually produce what you say you will," she said.

"Whereas if someone meets you for first time and thinks 'this person is a hard worker' they'll only slowly realise you're not."

Some simple but common things people do that make a bad first impression:
Give a weak handshake
Swear
Get too drunk
Tell an offensive joke or story
Get someone's name wrong
Be unaware of who someone is when you first meet them (especially a boss or executive)

Business etiquette expert Danielle Di-Masi says it is hard to come back from a bad first impression made during a job interview or at an event, because you're unlikely to see the person again.

"But in most cases you're going to have an ongoing relationship with someone. You can fix almost anything," Ms Di-Masi said.

"Just don't keep making the same mistake".

If you are unsure whether you offended someone when you first met them Ms Musson suggests getting a second opinion.

"Ask someone else's advice – 'Was I out of line here?' Because we can justify our own behaviour easily," she said.

If you have offended them, Ms Musson says apologise.

"But if they don't accept your apology and it's a genuine apology it becomes an issue with them and not you," she said.

Ms Di-Masi said some bad impressions were easily fixed, like calling someone the wrong name.

"All you need to say is 'Michelle I'm so sorry I've been calling you Sally', that's all you should say and make sure from then on you're calling her the right name," she said.

"But what people do is they often drone on, in any situation they make it big deal and a drama and people get sick of you.

"Because then the issue isn't that you did something wrong it's that you're being a bit of a drama queen."

Other mistakes are more serious but still can be fixed by saying sorry, for example telling a story that offends or sending an email that gets misunderstood.

"Then you need to man-up or woman-up and you need to just apologise," Ms Di-Masi said.

"If you were in the wrong take ownership, there's nothing worse than an apology and a blame."

Some mistakes, like getting too drunk at work drinks, are difficult to come back from but not impossible.

"In Australia there are many different work cultures that encourage getting drunk and having heaps of drinks, things like investment banking and recruitment have a very big drinking culture," Ms Di-Masi said.

"And you see rookies coming in and wanting to be part of it and getting drunk, but people might not know you in any other setting apart from these business drinks."

If you do something really embarrassing Ms Di-Masi said "you are just going to have to be sad and feel sorry for yourself".

"Don't send out an all-work email. If you really did act like a pork chop, when you see your manager just apologise."

And make sure you don't do it again.

If you don't know what you have done but are sure you have offended someone, Ms Di-Masi suggests asking them about it.

"Say 'I feel I may have offended you, can you let me know?'" she said.

"If they tell you [what you have done] and you think 'Are you serious? That is ridiculous' you have to decide if it's worth it, if it's really a relationship you want to foster."

If so, say sorry.

If you try to apologise for something and the person doesn't accept it or continues to be passive aggressive, you just have to cut your losses.

"Some people are just super, super sensitive," Ms Di-Masi said.


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Food prices fall, alcohol and fuel rise

Supermarket shopping

The price of fruit and vegetables fell in March but any savings have been eaten up by other cost of living rises. Picture: File Source: news.com.au

FRUIT and vegie prices fell this month, but any savings were eaten up by increases in the cost of fuel, alcohol and tobacco.

The TD Securities Melbourne Institute Monthly Inflation Gauge increased by 0.2 per cent in March for a 2.1 per cent annual pace, which followed a flat monthly result in February.

It was the lowest annual inflation outcome for eight months, renewing expectations of another official interest rate cut by June.

Consumer prices rose slightly in the month as increases in the cost of alcohol, tobacco, clothing and footwear were offset by falls in fruit and vegetables, household appliances and audio, visual and computing equipment.

Fruit and vegetable prices fell by 1.4 per cent in March while the price of automotive fuel rose by 0.5 per cent.

TD Securities Head of Asia-Pacific Research Annette Beacher expects forecasts for the March quarter consumer price index to increase by 0.5 per cent in the quarter to be 2.6 per cent higher than a year ago.


She said the Reserve Bank of Australia would leave the cash rate on hold at three per cent until June amid benign inflationary pressures.

"Recent events in Europe are a reminder that offshore risks remain, even if the risks of outright financial market contagion are minimal," Ms Beacher said.

TD predicts a final 25 basis point rate cut to 2.75 per cent by June if a soft inflation report is delivered.
Ms Beacher said the inflation rate was expected to fall slightly by the end of the year.


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Wealthy cash in on income boom

Wallet

Incomes have risen, for those on high incomes. Picture: Thinkstock Source: Supplied

INCREASES in average incomes over the past 20 years have been shared by all, but high wage earners have benefited most, a new report shows.

The Productivity Commission study of income trends in Australia has found average incomes rose from about $800 to $1100 a week in the two decades to 2009-10, expressed as 2011-12 dollars.

On average the increase was 38 per cent since 1988-89.

But the commission said while the gains of the past 20 years had flowed to both high and low income groups, "income has grown faster among high earners than lower earners".

According to the report, pay for the top tier of workers increased by almost 70 per cent from just under $2000 to around $3200 a week (in 2011-12 dollars).

The inequality was attributed partly to differences between the average earnings of full-time, part-time and self-employed workers, and the faster growth in numbers of part-time workers over the 20-year period.

"The increase in population share of this 'low income' group in total workers moderated the growth of labour income when all employees are considered," the report said.

Over the two decades the number of part-time workers increased by 136 per cent to 3.1 million, while full time workers grew by 43 per cent to 6.6 million, the report said.


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CBA boss calls it quits: So long, Sir Ralph

first impression

Can you undo a bad first impression?

WE are often told we have 30 seconds to make a good first impression. But  what if you make a really, really bad one?

Extra hours won't help you get ahead

Stressed worker

WORKAHOLICS and office stalwarts beware: just because you've become part of the furniture doesn't mean you're primed for promotion.

How to deal with warring co-workers

office bully

EVER been in a situation where two of your colleagues hate each other so much that everyone around them is affected? Here's what to do.

Men want toys, women seek options

woman in office with headset

BLOKES want to work with fighter jets and big trucks while women value job security and flexible conditions, a new survey has revealed.

The 20 companies Aussies want to work for

happy workers

IF you could work anywhere in the country, where would you choose? These employers offer great perks, a lot of flexibility and interesting work.

ACTU in $30 minimum-wage rise push

dave oliver

THE Australian Council of Trade Unions will lodge a claim this week for a $30-a-week pay increase for Australia's lowest-paid workers.

Shop charges customers $5 to browse

Brisbane $5 charge for browsing sign

A SPECIALITY grocery store owner is charging customers to browse after becoming fed up with people who enquire but don't buy.

Safety first for business awards

Telstra

REPEATED accidents to students learning how to use electrical tools in the classroom is what encouraged small business owner Bruce Lewis to finally take action.

Small business: The revolving door

Gary Gray

THE fifth Small Business Minister in 15 months, Gary Gray, already is facing a rebellion from the sector where the Federal Government has an approval rating of just 14 per cent.

Unions attack building guidelines

NSW treasurer Mike Baird

UNIONS NSW has slammed Treasurer Mike Baird over new guidelines to undermine their influence.

Business a poster child for charity

Michelle Valentic

BUSINESS is just ticking along but requests for help from the local kindergarten, footy club and seniors groups keep coming in thick and fast.

How to join the pyjama workforce

your money koch

ABOUT two-thirds of all Australian micro and small businesses are based at home.

Log on to your business future

Goodsir

FOR many small businesses, getting online is akin to a child taking its medicine.


View the original article here