Good morning, Star Entertainment should not be considered suitable to hold a casino licence and the appointment of the external manager needs to be extended indefinitely until the under-pressure operator shows it can change its ways, a confidential submission to the explosive Bell inquiry reveals. The Albanese government is leaving all options on the table to rescue Rex – including an equity stake in the airline or a cash bailout – but is warning it won’t give away “millions of dollars” of taxpayer funds without having a say in its future. As Australia grapples with uncomfortably high inflation, visiting Nobel laureate and former chief economist of the World Bank, Joseph Stiglitz, said central banks led by the US Federal Reserve were “foolish” to lift interest rates as much as they did as inflation soared after Covid-19. |