PeterRyan tracks on Soundclound

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LISTEN: Capital spending falls as business still cautious after pandemic restrictions
PeterRyan

Australian business investment fell by more than expected last quarter as coronavirus lockdowns forced firms to delay purchases of equipment, but future spending plans were upgraded in a hopeful sign of recovery. Also Telstra faces a $50 million fine for ripping off 108 indigenous consumers for mobile phone plans they didn't understand and couldn't afford. Featured: Peter Ryan, ABC

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LISTEN: Travel refund complaints surge 497 percent amid coronavirus border closures
PeterRyan

The consumer watchdog has revealed a massive spike in complaints against travel companies during the pandemic. The ACCC has received 24,200 complaints so far this year about cancellation policies and travel businesses sometimes misleading consumers about their right to a refund. ABC's Peter Ryan says many consumers were shocked to discover that because of the pandemic they weren't automatically entitled to get their money back. Featured: Sarah Court, ACCC commissioner; Peter Ryan, ABC

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LISTEN: Prepare for more climate induced natural disasters, NAB boss Ross McEwan warns
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National Australia Bank chief executive Ross McEwan has warned that communities should prepare for more natural disasters induced by climate change. Mr McEwan is visiting recovering communities in regional Victoria and tells AM that climate change needs to be taken "much more seriously." Featured: Ross McEwan, National Australia Bank chief executive; Peter Ryan, ABC

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LISTEN: Binge watching on streaming video surges in pandemic. Will it survive Jobkeeper tapering?
PeterRyan

A report by advisory firm PWC has found that spending on video-on-demand services has surged during the pandemic while traditional media has seen advertising revenue crushed. Like most parts of the economy, Australia's media and entertainment sector has been hit hard by the pandemic as advertising revenue continues to sink. PWC's annual media & entertainment outlook has found demand for streaming services for binge-watching of TV blockbusters, movies, sport has boomed. But PWC partner Justin Papps tells ABC's Peter Ryan there are signs the spending surge could be hit when emergency measures like JobKeeper are tapered back in March. Featured: Justin Papps, PWC partner; Peter Ryan, ABC

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LISTEN: Streaming video surges during pandemic. But will it survive Jobkeeper tapering?
PeterRyan

A report by advisory firm PWC has found that spending on video-on-demand services has surged during the pandemic while traditional media has seen advertising revenue crushed. Like most parts of the economy, Australia's media and entertainment sector has been hit hard by the pandemic as advertising revenue continues to sink. PWC's annual media & entertainment outlook has found demand for streaming services for binge-watching of TV blockbusters, movies, sport has boomed. But PWC partner Justin Papps tells ABC's Peter Ryan there are signs the spending surge could be hit when emergency measures like JobKeeper are tapered back in March. Featured: Justin Papps, PWC partner; Peter Ryan, ABC

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Workers stand to lose wage rises if super guarantee rate rises, retirement review warns
PeterRyan

TITLE: Workers stand to lose wage rises if super guarantee rate rises, retirement review warns SUBBED/UNSUBBED NOT POSTED KEYWORDS: retirement income review, superannuation, Scott Morrison, super guarantee BYLINE: Senior Business Correspondent Peter Ryan CAPTION: A highly anticipated review into Australia's retirement income system suggests that workers could be worse off financially if the superannuation guarantee is increased as scheduled from next year. While the review says the current system is "sound", it leaves the door open for the Prime Minister to consider putting the legislated super increase on hold or scrapping it all together. ABC's Peter Ryan says the decision is likely to be delayed until the May budget. Featured: Peter Ryan, ABC

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LISTEN: Workers stand to lose wage rises if super guarantee rate rises, retirement review warns
PeterRyan

A highly anticipated review into Australia's retirement income system suggests that workers could be worse off financially if the superannuation guarantee is increased as scheduled from next year. While the review says the current system is "sound", it leaves the door open for the Prime Minister to consider putting the legislated super increase on hold or scrapping it all together. ABC's Peter Ryan says the decision is likely to be delayed until the May budget. Featured: Peter Ryan, ABC

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Crown's Sydney casino on hold; Virgin boss Jayne Hrdlicka pledges tough competition with Qantas
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I speak with Thomas Oriti on ABC NewsRadio

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LISTEN: Virgin boss Jayne Hrdlicka unveils "mid-market" model but pledges competition with Qantas
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New Virgin Australia chief executive has pledged tough competition with arch rival Qantas as she uneveils a less expensive "mid-market" model for the struggling airline. Ms Hrdlicka tells AM her greatest challenge is the new lockdown in Adelaide on top of current border restrictions but is optimistic that families can be re-united by Christmas. Featured: Jayne Hrdlicka, Virgin Australia chief executive; Peter Ryan, ABC

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Housing bubble? No worries at the moment says relaxed Reserve Bank governor Philip Lowe
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Reserve Bank governor Philip Lowe says he's not worried that record low interest rates are fuelling a dangerous real estate bubble in Australia. Mr Lowe says a "precipitous" fall in housing prices is not likely and that while house prices are holding up, prices for apartments and rentals are lower. ABC's Peter Ryan says Mr Lowe's relaxed mood comes as updated figures from the Australian Banking Association show a 70 percent fall on bank loans on emergency deferral. Featured: Philip Lowe, Reserve Bank governor; Peter Ryan, ABC

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LISTEN: Pandemic bank loan deferrals down 70pc, but risks ahead with JobKeeper tapering
PeterRyan

Bank loan deferrals are down almost 70 percent to $86 billion as emergency support measures like JobKeeper buoyed households and businesses. Australian Banking Association chief executive Anna Bligh remains cautious and warns of hard decisions ahead when JobKeeper is wound back next year. But shen tells ABC's Peter Ryan that combined bank and government measures helped to avoid "catastrophic" consequences. Featured: Anna Bligh, Australian Banking Association; Peter Ryan, ABC

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LISTEN: Reserve Bank governor's greatest fear - democracies would not tolerate pandemic lockdowns
PeterRyan

Reserve Bank governor Philip Lowe says his greatest fear in the early stages of the pandemic was that global democracies like Australia would not tolerate lockdowns and restrictions to control the spread of the virus. Mr Lowe said he had deep concerns that Australia might not be prepared after early lockdowns in China, Italy, South Korea and Iran. Also, ABC's Peter Ryan says a budget initiative by the New South Wales government to provide vouchers to every adult would be critical in getting consumers spending. Featured: Philip Lowe, Reserve Bank governor; Peter Ryan, ABC

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LISTEN: Reserve Bank governor urges more risk-taking to aid pandemic recovery
PeterRyan

Reserve Bank governor Philip Lowe has urged consumers and businesses that despite the economic fallout from the pandemic, now is the time to start taking risks. Speaking in Sydney last night, Mr Lowe said the central bank's priority is to create jobs and to lower the unemployment rate and that risk was needed to reach the new goals. Also ABC's Peter Ryan says the Australian Stock Exchange is set to re-open this morning after an embarrassing computer glitch took it offline for most of yesterday. Featured: Philip Lowe, Reserve Bank governor; Peter Ryan, ABC

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LISTEN: Reserve Bank governor urges more risk-taking to aid pandemic recovery
PeterRyan

Reserve Bank governor Philip Lowe has urged consumers and businesses that despite the economic fallout from the pandemic, now is the time to start taking risks. Speaking in Sydney last night, Mr Lowe said the central bank's priority is to create jobs and to lower the unemployment rate and that risk was needed to reach the new goals. Also ABC's Peter Ryan says the Australian Stock Exchange is set to re-open this morning after an embarrassing computer glitch took it offline for most of yesterday. Featured: Philip Lowe, Reserve Bank governor; Peter Ryan, ABC

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LISTEN: One in five "buy now, pay later" customers missing payments, in hardship, ASIC report warns
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Australia's corporate watchdog says some consumers are having to cut back on essentials such as meals because of debt they have racked up from using buy now, pay later, warning one in five consumers are missing payments. ASIC has stopped short of recommending that buy now, pay later players be regulated in the same way as credit card companies. Financial Counselling Australia chief executive Fiona Guthrie tells ABC's Peter Ryan that some consumers resorting to payday loans to service their debt. Featured: Fiona Guthrie, Financial Counselling Australia; Peter Ryan, ABC

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LISTEN: Investors optimistic on vaccine hopes; Nine boss Hugh Marks quits over office romance
PeterRyan

Global investors have a cautious spring in their step at the moment with hopes that a coronavirus vaccine might be available early next year. But optimism about getting the health crisis under control comes in the face of surging coronavirus cases in the United States and continuing uncertainty about when Donald Trump will concede he's lost the White House to Joe Biden. Also, ABC's Peter Ryan says big investors are demanding higher standards after Nine Entertainment chief executive Hugh Marks resigns over rumours about an office affair. Featured: Jason Ireland, McGrathNicol partner; Peter Ryan, ABC

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LISTEN: Woolies to go 100pc green, Andrew Forrest unveils global renewables energy push
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Two corporate giants have sidestepped the hot political debate over green energy by setting their own ambitious agendas for renewable energy targets. Supermarket giant Woolworths plans to power all its operations with renewable energy by 2025 while Andrew Forrest's Fortescue Metals has revealed a plan to provide low cost green energy not just in Australia but right around the world. RE100 Australia coordinator Jon Dee tells ABC's Peter Ryan that global demand for green energy ignores the local toxic political debate. Featured: Andrew Forrest, chairman Fortescue Metals; Jon Dee, RE100; Peter Ryan, ABC

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LISTEN: CBA halves home loan deferrals; Westpac says consumers look forward to "normal" Christmas
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Cautious optimism in Australia's economic recovery is growing with Westpac's latest confidence survey saying consumers are looking forward to a "normal" Christmas. Commonwealth Bank says home loans on deferrals fell 51 percent in October to 46,000 down from 125,000 in June. ABC's Peter Ryan says the upbeat mood is also reflected on the sharemarket with hopes of a successful vaccine from Pfizer creating winners and losers. Featured: Peter Ryan, ABC

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