1. Josh says: open sesame!
Treasurer Josh Frydenberg wants business to pressure State Premiers to open up the economy as fast as safely possible. The Treasurer thinks 2022 will be a boom year but says business and industry leaders have to bounce State Premiers to stop them playing politics to help open up the economy. Writing in The Australian, he said many businesses “are just holding on…” and it comes as Premiers, like Western Australia’s Mark McGowan, have cast doubts on how quickly he will reopen his state, which virtually has no cases of the Coronavirus.
2. PM gives indemnity
And the Morrison Government has finalised its medical indemnity, which will help businesses ramp up the vaccination drive. This means if a business helps the country by insisting workers get vaccinated or they even provide a jabbing service to their employees and someone is medically, negatively affected, the Government will provide compensation. Businesses could escalate the vaccination rate and help reopen the economy ASAP.
3. Is your super fund a dud?
A new online government tool will help you work out if your super fund is a dud you should drop. It’s a creation of the Tax Office and APRA and allows you to check out your super fund and compare it to the best-of-breed super funds. And it links you to super fund websites, so you can drop one and join another. If you’re interested, go to the ATO website, click on “Super”, then “Information” and select “YourSuper comparison.”
4. Injured cows rescued by helicopter from Swiss Alps
About 10 injured cows have been airlifted by helicopter from the Swiss Alpine meadows where around 1,000 cows in total spent the summer. The rescue in central Switzerland went off without a hitch, with local farmer Jonas Arnold noting that he "didn't notice any difference between the ones that flew and the ones that walked normally" according to Sky News.
5. S&P 500 up 1.5% for the week
After rises for all three major indexes on Friday, the S&P 500 closed up 1.52% to 4,509.37 for the week, ahead of the Dow Jones, which climbed 0.96% to 35,455.80, but behind the Nasdaq, which surged 2.82% for the week to 15,129.50.