Happy Wednesday. It’s all up from here.
1. Taxpayers will pick up the bill for a $600 million gas power plant in the Hunter Valley ahead of a by-election this weekend. Despite protests, the Morrison government will give the green light to the project on Wednesday, claiming it will help keep power prices down. It comes just two days after taxpayers put up another $2.3 billion to keep two oil refineries running, and at the same time the International Energy Agency “calls last drinks” on fossil fuels.
2. The Fair Work Commission has found that Deliveroo riders are employees in a landmark ruling on Tuesday. Finding in favour of dismissed former rider Diego Franco, the decision could have “huge implications” and strengthen the push to give more rights and better protections to gig workers.
3. As the FWC was handing down its findings, Menulog Australia was detailing exactly how it plans on voluntarily transitioning its workforce to full employee status. Local managing director Morten Belling said a new workplace award should be created to cover delivery workers, with the company to launch a Sydney employee trial shortly. In a challenge to competitors like Deliveroo and Uber, Belling said offering things like compensation and voluntary superannuation was the right thing to do.
4. US Vice-President Kamala Harris and her husband are making $US1 million more a year than the Bidens. New tax returns shows how the two power couples make their money, raking in around $AUD3 million between them.
5. Lamborghini has unveiled plans to launch its first fully electric car. Aiming to have it go out after 2025, it also has put more than 1.5 billion euros towards a “hybrid transition”, the largest investment in its history.
6. Anti-vax groups have exploded in Australia over the last 12 months. New analysis shows membership among core public groups almost quadrupled during the pandemic, as vaccine hesitancy climbed higher. The results suggest the federal government will encounter some not insignificant opposition to its rollout.
7. Melbourne’s bid to lure residents back into the city has gotten off to a rocky start. The first of its ‘FOMO Fridays’ launched last week, but was unable to lift foot traffic in the city anywhere close to pre-pandemic levels. Still with hundreds of people taking advantage of free hampers and activations, Lord Mayor Sally Capp said it was “a pleasing result”.
8. You’re sitting at the office daydreaming one minute and the next you’re running a $US4 billion Ponzi scheme. It’s a story as old as time and it’s one that allegedly has ‘CryptoQueen’ on the run from the FBI with $US500 million to her name. A story worth reading.
9. A rapid selloff has raised questions of the crypto market specifically, and market speculation generally. Bitcoin is being sold off at a rate not seen since March last year when a global pandemic was declared. NFTs prices meanwhile have crashed to half of what they were just one month ago.
10. All the while Dogecoin, founded on a meme and championed by Elon Musk, still has ‘long-term potential’ as a genuine digital currency. That’s the view of trading platform eToro analysts who say it’s too early to write it off just yet.
BONUS ITEM
In 1948, a mysterious man’s body was found in Adelaide. More than seven decades later, Australia may finally get some answers as to who he was.
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