September 4, 2025 • 15 mins
Friday 5 September 2025
The federal government agrees to pay another $475 million in compensation to Robodebt victims
And more, including:
- The PM works to distance himself from former Victorian premier Daniel Andrews.
- Macquarie bank challenges the big four for a larger slice of the mortgage market.
- Four Chinese car brands crack the top 10 for car sales in Australia.
- The ASX bounces back
- The Trump family goes big into crypto.
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Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:06):
Welcome to Fear and Greed business news you can use today.
The Federal government agrees to pay another four hundred and
seventy five million dollars in compensation to robodebt victims, while
the Prime Minister works to distance himself from former Victorian
Premier Daniel Andrews. The Quarie Bank challenges the Big Four
for a largest slaice of the mortgage market, and four
Chinese car brands crack the top ten for car sales
(00:28):
in Australia. Plus the ASX bounces back, and the Trump
family goes big into crypto. It is Friday, the fifth
of September twenty twenty five. Are Michael Thompson and Good morning,
Natalie McDonald.
Speaker 2 (00:39):
Good morning Michael, Natalie.
Speaker 1 (00:41):
The main story this morning, the Federal government really seemed
to spend yesterday putting out fires, one caused by the
previous coalition government and another started by a former labor premier.
We'll go to the first one first. The Federal government
has agreed to pay four hundred and seventy five million
dollars in compensation to victims the robodet scheme. Now this
(01:01):
is now that the largest class action settlement in Australian history.
This was an add on to the previous settlement. ROBODEBT
was the automated debt recovery system that unlawfully hounded welfare
recipients for money that they just didn't owe, and it
pushed many into hardship. A Royal commission later slammed it
as crude and cruel.
Speaker 2 (01:22):
Attorney General Michelle Rowland says the payout, if approved by
the Federal Court, is just and fair and will cover
more than four hundred and fifty thousand Australians. In twenty twenty,
victims of the unlawful robodet scheme one a one point
eight billion dollar settlement, but lawyers pushed for more after
evidence showed the former Coalition government knew it was legal
and went ahead anyway. Yesterday, Labor agreed to pay an
(01:45):
extra four hundred and seventy five million dollars in compensation,
plus millions more in legal costs and administration. Law firm
Gordon Legal, which ran the class action, described it as
vindication for victims, although many continue to live with life
trauma from that At least two suicides were linked to
the scheme.
Speaker 1 (02:04):
Now I mentioned the other issue for the Federal government.
At the moment, Prime Minister Anthony Albanesi has distanced himself
from former Victorian Premier Daniel Andrews after Andrews posed in
group photos with leaders of North Korea, China, Russia and Iran.
Dan Andrews has been roundly criticized really for his decision
(02:24):
to travel to China for a huge military parade other politicians.
Other Australian politicians described it as a parade for dictators. Yesterday,
the PM was the one under pressure to condemn the
former premier.
Speaker 2 (02:36):
Speaking at question time, Anthony Alberanzi told Parliament I am
not responsible for what every Australian citizen does, and pointing
out that in twenty fifteen, the Abbott government sent then
Minister for Veteran Affairs Michael Ronaldson to attend the seventieth
anniversary of the formal surrendered by Japan in World War II.
But the PM did offer an implicit criticism of former
(02:56):
flatmate Andrew's actions, stating that neither he nor Hiss would
have gone, saying my position is very very clear, which
is we did not send any government representative because it
wouldn't have been appropriate, saying I haven't and never will
meet Vladimir Putin. I haven't and never will meet the
leader of North Korea as well.
Speaker 1 (03:15):
Sounds like he was stepping quite carefully around that one
and definitely didn't want to just come straight out and
say Daniel Andrews should not have gone oh.
Speaker 2 (03:23):
One hundred percent. I don't think he could.
Speaker 1 (03:25):
Yeah, anyway, local markets, let's move away from politics. Now.
How did things go? So?
Speaker 2 (03:31):
Better?
Speaker 1 (03:31):
Day? On the burse? Wasn't it? It was?
Speaker 2 (03:33):
The ASX bounced back from its worst one day sell
off since April to close up eighty seven points or
one percent, to eighty eight hundred and twenty six, with
nine out of eleven sectors in the green, led by
tech and consumer stocks and the big four banks. Falls
though for Woodside and Santo submit reports that OPEK may
consider raising oil output again in October. Over allthough the
(03:53):
ABC has crunched the numbers, the index has lost one
point seven percent over the last five days, and it's
two and a half percent below it's twelve month high.
We also saw goldbillion easing back following a week of gains,
although investors in Newmont won't have too much Do you
complain about the AFI reporting? The stock has jumped ninety
percent this year amid geopolitical concerns.
Speaker 1 (04:13):
Yeah, that is pretty incredible. Can I toss one more
into the mix? And it's a retail stock and a
bit of a shake up coming. Rip Curl and Katmandu's
parent company, KMD Brands is closing up to twenty one
stores in a twenty five million dollar revamp to lift
profits and reboot its falling share price. The company stock
(04:34):
has plunged more than fifty percent over the past year's
training at just twenty two cents at the moment, and
this was.
Speaker 2 (04:40):
A story that stopped us in our tracks quite literally
on the way to record the show, But CEO of
KMD Brands saying that the next level transformation will focus
on customer centric growth, revamping store designs, improving digital experiences,
and rolling out new concept stores across Australia and New
Zealand just for Christmas. The group will also boost data
(05:02):
intelligence to make smarter supply chain and business decisions. Chairman
David Kirk says the market has undervalued km D and
the board is confident the company can self fund the changes.
The plan is pretty simple. Cut the underperforming stores, modernize
the brand, and turn KMD into something that is stronger
and leaner and ultimately a more profitable business for the future.
Speaker 1 (05:24):
Seems a very good time, Natalie to mention, the data
that came out of the Bureau of Statistics yesterday showed
another step up in households spending in July. Total household
expended to a rose by zero point five percent in July.
The annual rate is now up to five point one percent.
That's its highest level in nearly a couple of years.
We had spending increasing on health and hotels and air travel.
(05:46):
Diving out, total expenses on services was up by one
point six percent. So it does sound as though there
is a bit more confidence, a bit more optimism, and
really households are starting to spend a bit of money.
Maybe too late for brands though, to save those additional
twenty one stores. Okay, we're going to take a very
quick break. We will come back in a moment with
(06:06):
the rest of the day's business news. Natalie. Australia's Green
Bank has locked in its biggest ever clean energy investment
with a three point eight billion dollar federal loan for
the Marinus Link, which is a three hundred and forty
five kilometer under sea cable connecting Tasmania's hydro dams to
(06:30):
the mainland. I love this project. It is just really cool.
Speaker 2 (06:33):
I know. I enjoyed you sending it through to me,
being like, this is a cool story.
Speaker 1 (06:37):
Actually was the word I used, wasn't it?
Speaker 2 (06:40):
And it is. It's very cool. It's set to start
in twenty twenty six and deliver power by twenty thirty.
The project will transmit seven hundred and fifty megawatts. That's
enough for seven hundred and fifty thousand homes, helping replace
coal as it retires in Victoria and New South Wales.
The Marinis Link will also balance the grid when solar
output drops at night and allow Tasmania tap mainland win
(07:01):
and solar. With its high voltage connection three times the
capacity of Baslink, it's a game changer for reliability and
cheap power. The loan covers eighty percent of the first
phase five billion dollar cost, with the rest shared by federal,
Victorian and Tasmanian governments. Official say Marinesslink could save households
twenty five to thirty six dollars a year while powering
(07:22):
Australia is pushed to a coal free and renewable powered grid.
Speaker 1 (07:26):
Now stand by for perhaps more competition in the mortgage market.
Macquarie is slowly becoming a major player in Australia's home
loan market, winning almost forty percent of all new mortgage
business in July. The big four are not going to
like that.
Speaker 2 (07:40):
No, I don't think so. In fact, CBA have admitted
that McCrory is a formidable competitor. The bank added three
point two billion dollars in new loans, growing more than
six times faster than the Big four. Unlike the majors,
McCrory runs lean as a digital only bank with no branches,
freeing it to compete on speed and transparency rather than
that risky lending. It does a lot of work with
(08:02):
brokers and has lifted its overall slice from four point
seven to six point three percent in just four years.
Alyssa warning the big four are under pressure here, with
Westpac and ann Zed stumbling, while mccuori surge is from
niche player to really a major thread.
Speaker 1 (08:19):
This next one is interesting because we've talked for some
time about the growth in Chinese car brands in Australia.
For the first time, we've got four Chinese car brands
now in Australia's top ten for these sales in August,
BYD was best place to the four. It came in
at number six on the list, followed closely by gwm
(08:40):
MG and Cherry. Together. Chinese made vehicles made up almost
twenty percent of all sales last month. That is a
sixty seven percent jump on the same time last year.
That is incredible growth.
Speaker 2 (08:52):
It's bek and if you look into the numbers, it's
really interesting because while many buyers still chose petrol and diesel,
almost quarter of Chinese car sales were electric, and that's
up seventeen percent from a year ago. The FCAI says
the surge shows how quickly ossies are adapting to new
options in the car market, still though use remaining. The
(09:13):
Ford Ranger topped the charts with nearly five thousand sold,
just edging out the Toyota Highlux. The momentum is clear.
A decade ago, almost no cars were imported from China,
and analysts now predict that by twenty thirty five, Chinese
models will make up more than forty percent of new
car imports.
Speaker 1 (09:29):
I would love a duel cabute. Got absolutely no use
for it, never carry anything around, but I think I'd
look really tough driving one.
Speaker 2 (09:36):
See my partner's a trade.
Speaker 1 (09:38):
So does he have that jewel cabute?
Speaker 2 (09:40):
He does have a dual cablute. A little bit jo
it is. It is a Toyota highlux.
Speaker 1 (09:44):
Of course it is. Of course, I mean the statistics
told me that was going to be the case.
Speaker 2 (09:48):
I've just gone up in in every listener's estimations. Here
she may be a brip, but her partners.
Speaker 1 (09:55):
An Australian trade driving a highlux. There we go now.
Burn outrights among educators soaring. Teachers are reporting stress levels
nearly forty percent higher than the average worker. This is
according to a survey by Deacon University. That's pretty worrying.
Speaker 2 (10:12):
So it was a survey of nearly nine hundred teachers
and two and a half thousand workers, showing educators face
heavier workloads, faster paced days, and higher emotional demands than
most other professions. Many also take a lot of their
stress home with the job, fueling serious work family conflict.
Researchers say it comes down to a mismatch between expectations
(10:32):
and the time and resources available. Teachers are juggling complex
student needs, admin mountains, parent demands, and constant problem solving,
often with very little support. The study is warning urgent
reforms are needed, from cutting paperwork, reducing workloads, and giving
teachers more say in policy. Despite the strain, though, teachers
report finding pretty deep meaning in their work, but many
(10:54):
fear that it is becoming unsustainable.
Speaker 1 (10:56):
Finally, before we get to international news, Quantus is getting
its first wardrobe makeover in more than a decade. The
airline has tapped Australian designer Rebecca Valance, who has dressed
apparently British royalty and Hollywood stars, to create its new uniforms.
Speaker 2 (11:13):
Your enthusiasm for this story is incredible. Well, I need
to go back to the Marinus link.
Speaker 1 (11:19):
This is so cool my theory when it comes to this.
I love airlines, I love aviation. I love all plane stories.
I don't care what they wear or what they look
like anything, as long as it's a safe flight. Like
I'm a nervous fire at the best of times, I
don't care. If the uniform gets a refresh.
Speaker 2 (11:37):
Well, then you might actually enjoy this because the focus
is going to be on functionality, because pilots can wear
the same uniform for twenty hours straight, so it needs
to function for them to be able to fly your plane.
But the redesign beyond the pilots is actually going to
outfit seventeen five hundred staff from pilots to cabin crew
and what Quanta's boss, Vanessa Hudson has called the next
(11:58):
era for the airline. It's not the first time though,
that Quantus has worked with that. She redesigned the pajamas
and ammunity kits for Quantus's New York relaunch post pandemic. Also, coincidentally,
I just bought a dress by her to wear to
a wedding in Spain at the end of September, so
you know I'm in there. The final designs, though, won't
hit the runway until twenty twenty seven. That is just
(12:18):
in time for Quantas's ultra long haul project sum Rose
flights to London and New York.
Speaker 1 (12:23):
All right, moving on from you hate that story, I din't.
I din't. I do find it quite interesting. It is
just quite foreign to me the world of fashion designers.
Can't you tell her? I turn tell me more. I
turn up wearing pretty much the same thing every day
to the studio. Right, So it is you do?
Speaker 2 (12:44):
You do have an infinite wardrobe of T shirts and
button down shirts.
Speaker 1 (12:48):
Correct, it is my capsule wardrobe. I have been informed you.
How about that? Turning to international news, now, the Trump
family is diving headfirst into crypto once again. This week,
Donald Trump Junior and Eric Trump, the two sons of
the president, launched not one but two new ventures, American Bitcoin,
which is a mining business, and WLFI, which is a
(13:10):
new token where Donald Trump President is co founder emeritus.
Speaker 2 (13:15):
Trump also controls billions in trump Coin, which is a
meme cryptocurrency and the latest token launch reportedly adding seven
point seven billion dollars to the family fortune. But while
the Trumps are cashing in, investors haven't been so lucky.
Trump Coin's market value has tumbled from ten billion dollars
to one point seven billion, while the millennia coin is
down two one hundred and sixty nine million dollars. Despite
(13:38):
the roller coaster, though, some crypto pros actually see a
silver lining that the White House's enthusiasm could boost adoption
of decentralized finance. American Bitcoin debuted on Nasdaq. It doesn't
actually have its own token. Instead, it will mine and
stockpile coins already holding around two and a half thousand
coins worth four hundred and eighteen million dollars.
Speaker 1 (13:58):
Finally, very quick one big news from Argentina. We have
been following the saga of the long lost Italian painting
that was stolen by the Nazis eighty years ago. Been
talking about it now for the last couple of weeks,
and police have tracked it down.
Speaker 2 (14:13):
They have so for those who have not been following
this as closely as Michael and I. Portrait of a
Lady was snatched from Dutch Jewish collector Jacques Goudsticker during
World War Two. Popped up in a real estate listing,
but when police arrived, the artwork had vanished. Authority swooped
in and arrested the daughter of the Nazi officer who
had it, along with her husband. The painting is now
(14:33):
touched safe away in a secure chamber and amazingly still
in great shape. It's worth around seventy six thousand dollars.
Speaker 1 (14:39):
Yeah, incredible story. Okay. Up next is Fearing Greed Q
and A. Your guest today is Georgie Dent, who is
the CEO of the Parenthood, which is a very large
advocacy group for Paris. You are talking to her about
the push by the federal government the steps it is
taking towards universal childcare, not just what that would look
like and how it might work, but also why it
(15:02):
is so important for business, for families, for the economy
more broadly. It is a really good chat. It's coming
up after the show, so stick around. Thank you very much, Natalie,
Thank you, Michael. It is Friday, the fifth of September
twenty twenty five. Don't forget to hit follow on the
podcast and join us online on LinkedIn, Instagram, x TikTok
and Facebook. I'm Michael Thompson. And that was Fear and Greed.
Have a great day.
Welcome to Fear and Greed business news you can use today.
The Federal government agrees to pay another four hundred and
seventy five million dollars in compensation to robodebt victims, while
the Prime Minister works to distance himself from former Victorian
Premier Daniel Andrews. The Quarie Bank challenges the Big Four
for a largest slaice of the mortgage market, and four
Chinese car brands crack the top ten for car sales
(00:28):
in Australia. Plus the ASX bounces back, and the Trump
family goes big into crypto. It is Friday, the fifth
of September twenty twenty five. Are Michael Thompson and Good morning,
Natalie McDonald.
Speaker 2 (00:39):
Good morning Michael, Natalie.
Speaker 1 (00:41):
The main story this morning, the Federal government really seemed
to spend yesterday putting out fires, one caused by the
previous coalition government and another started by a former labor premier.
We'll go to the first one first. The Federal government
has agreed to pay four hundred and seventy five million
dollars in compensation to victims the robodet scheme. Now this
(01:01):
is now that the largest class action settlement in Australian history.
This was an add on to the previous settlement. ROBODEBT
was the automated debt recovery system that unlawfully hounded welfare
recipients for money that they just didn't owe, and it
pushed many into hardship. A Royal commission later slammed it
as crude and cruel.
Speaker 2 (01:22):
Attorney General Michelle Rowland says the payout, if approved by
the Federal Court, is just and fair and will cover
more than four hundred and fifty thousand Australians. In twenty twenty,
victims of the unlawful robodet scheme one a one point
eight billion dollar settlement, but lawyers pushed for more after
evidence showed the former Coalition government knew it was legal
and went ahead anyway. Yesterday, Labor agreed to pay an
(01:45):
extra four hundred and seventy five million dollars in compensation,
plus millions more in legal costs and administration. Law firm
Gordon Legal, which ran the class action, described it as
vindication for victims, although many continue to live with life
trauma from that At least two suicides were linked to
the scheme.
Speaker 1 (02:04):
Now I mentioned the other issue for the Federal government.
At the moment, Prime Minister Anthony Albanesi has distanced himself
from former Victorian Premier Daniel Andrews after Andrews posed in
group photos with leaders of North Korea, China, Russia and Iran.
Dan Andrews has been roundly criticized really for his decision
(02:24):
to travel to China for a huge military parade other politicians.
Other Australian politicians described it as a parade for dictators. Yesterday,
the PM was the one under pressure to condemn the
former premier.
Speaker 2 (02:36):
Speaking at question time, Anthony Alberanzi told Parliament I am
not responsible for what every Australian citizen does, and pointing
out that in twenty fifteen, the Abbott government sent then
Minister for Veteran Affairs Michael Ronaldson to attend the seventieth
anniversary of the formal surrendered by Japan in World War II.
But the PM did offer an implicit criticism of former
(02:56):
flatmate Andrew's actions, stating that neither he nor Hiss would
have gone, saying my position is very very clear, which
is we did not send any government representative because it
wouldn't have been appropriate, saying I haven't and never will
meet Vladimir Putin. I haven't and never will meet the
leader of North Korea as well.
Speaker 1 (03:15):
Sounds like he was stepping quite carefully around that one
and definitely didn't want to just come straight out and
say Daniel Andrews should not have gone oh.
Speaker 2 (03:23):
One hundred percent. I don't think he could.
Speaker 1 (03:25):
Yeah, anyway, local markets, let's move away from politics. Now.
How did things go? So?
Speaker 2 (03:31):
Better?
Speaker 1 (03:31):
Day? On the burse? Wasn't it? It was?
Speaker 2 (03:33):
The ASX bounced back from its worst one day sell
off since April to close up eighty seven points or
one percent, to eighty eight hundred and twenty six, with
nine out of eleven sectors in the green, led by
tech and consumer stocks and the big four banks. Falls
though for Woodside and Santo submit reports that OPEK may
consider raising oil output again in October. Over allthough the
(03:53):
ABC has crunched the numbers, the index has lost one
point seven percent over the last five days, and it's
two and a half percent below it's twelve month high.
We also saw goldbillion easing back following a week of gains,
although investors in Newmont won't have too much Do you
complain about the AFI reporting? The stock has jumped ninety
percent this year amid geopolitical concerns.
Speaker 1 (04:13):
Yeah, that is pretty incredible. Can I toss one more
into the mix? And it's a retail stock and a
bit of a shake up coming. Rip Curl and Katmandu's
parent company, KMD Brands is closing up to twenty one
stores in a twenty five million dollar revamp to lift
profits and reboot its falling share price. The company stock
(04:34):
has plunged more than fifty percent over the past year's
training at just twenty two cents at the moment, and
this was.
Speaker 2 (04:40):
A story that stopped us in our tracks quite literally
on the way to record the show, But CEO of
KMD Brands saying that the next level transformation will focus
on customer centric growth, revamping store designs, improving digital experiences,
and rolling out new concept stores across Australia and New
Zealand just for Christmas. The group will also boost data
(05:02):
intelligence to make smarter supply chain and business decisions. Chairman
David Kirk says the market has undervalued km D and
the board is confident the company can self fund the changes.
The plan is pretty simple. Cut the underperforming stores, modernize
the brand, and turn KMD into something that is stronger
and leaner and ultimately a more profitable business for the future.
Speaker 1 (05:24):
Seems a very good time, Natalie to mention, the data
that came out of the Bureau of Statistics yesterday showed
another step up in households spending in July. Total household
expended to a rose by zero point five percent in July.
The annual rate is now up to five point one percent.
That's its highest level in nearly a couple of years.
We had spending increasing on health and hotels and air travel.
(05:46):
Diving out, total expenses on services was up by one
point six percent. So it does sound as though there
is a bit more confidence, a bit more optimism, and
really households are starting to spend a bit of money.
Maybe too late for brands though, to save those additional
twenty one stores. Okay, we're going to take a very
quick break. We will come back in a moment with
(06:06):
the rest of the day's business news. Natalie. Australia's Green
Bank has locked in its biggest ever clean energy investment
with a three point eight billion dollar federal loan for
the Marinus Link, which is a three hundred and forty
five kilometer under sea cable connecting Tasmania's hydro dams to
(06:30):
the mainland. I love this project. It is just really cool.
Speaker 2 (06:33):
I know. I enjoyed you sending it through to me,
being like, this is a cool story.
Speaker 1 (06:37):
Actually was the word I used, wasn't it?
Speaker 2 (06:40):
And it is. It's very cool. It's set to start
in twenty twenty six and deliver power by twenty thirty.
The project will transmit seven hundred and fifty megawatts. That's
enough for seven hundred and fifty thousand homes, helping replace
coal as it retires in Victoria and New South Wales.
The Marinis Link will also balance the grid when solar
output drops at night and allow Tasmania tap mainland win
(07:01):
and solar. With its high voltage connection three times the
capacity of Baslink, it's a game changer for reliability and
cheap power. The loan covers eighty percent of the first
phase five billion dollar cost, with the rest shared by federal,
Victorian and Tasmanian governments. Official say Marinesslink could save households
twenty five to thirty six dollars a year while powering
(07:22):
Australia is pushed to a coal free and renewable powered grid.
Speaker 1 (07:26):
Now stand by for perhaps more competition in the mortgage market.
Macquarie is slowly becoming a major player in Australia's home
loan market, winning almost forty percent of all new mortgage
business in July. The big four are not going to
like that.
Speaker 2 (07:40):
No, I don't think so. In fact, CBA have admitted
that McCrory is a formidable competitor. The bank added three
point two billion dollars in new loans, growing more than
six times faster than the Big four. Unlike the majors,
McCrory runs lean as a digital only bank with no branches,
freeing it to compete on speed and transparency rather than
that risky lending. It does a lot of work with
(08:02):
brokers and has lifted its overall slice from four point
seven to six point three percent in just four years.
Alyssa warning the big four are under pressure here, with
Westpac and ann Zed stumbling, while mccuori surge is from
niche player to really a major thread.
Speaker 1 (08:19):
This next one is interesting because we've talked for some
time about the growth in Chinese car brands in Australia.
For the first time, we've got four Chinese car brands
now in Australia's top ten for these sales in August,
BYD was best place to the four. It came in
at number six on the list, followed closely by gwm
(08:40):
MG and Cherry. Together. Chinese made vehicles made up almost
twenty percent of all sales last month. That is a
sixty seven percent jump on the same time last year.
That is incredible growth.
Speaker 2 (08:52):
It's bek and if you look into the numbers, it's
really interesting because while many buyers still chose petrol and diesel,
almost quarter of Chinese car sales were electric, and that's
up seventeen percent from a year ago. The FCAI says
the surge shows how quickly ossies are adapting to new
options in the car market, still though use remaining. The
(09:13):
Ford Ranger topped the charts with nearly five thousand sold,
just edging out the Toyota Highlux. The momentum is clear.
A decade ago, almost no cars were imported from China,
and analysts now predict that by twenty thirty five, Chinese
models will make up more than forty percent of new
car imports.
Speaker 1 (09:29):
I would love a duel cabute. Got absolutely no use
for it, never carry anything around, but I think I'd
look really tough driving one.
Speaker 2 (09:36):
See my partner's a trade.
Speaker 1 (09:38):
So does he have that jewel cabute?
Speaker 2 (09:40):
He does have a dual cablute. A little bit jo
it is. It is a Toyota highlux.
Speaker 1 (09:44):
Of course it is. Of course, I mean the statistics
told me that was going to be the case.
Speaker 2 (09:48):
I've just gone up in in every listener's estimations. Here
she may be a brip, but her partners.
Speaker 1 (09:55):
An Australian trade driving a highlux. There we go now.
Burn outrights among educators soaring. Teachers are reporting stress levels
nearly forty percent higher than the average worker. This is
according to a survey by Deacon University. That's pretty worrying.
Speaker 2 (10:12):
So it was a survey of nearly nine hundred teachers
and two and a half thousand workers, showing educators face
heavier workloads, faster paced days, and higher emotional demands than
most other professions. Many also take a lot of their
stress home with the job, fueling serious work family conflict.
Researchers say it comes down to a mismatch between expectations
(10:32):
and the time and resources available. Teachers are juggling complex
student needs, admin mountains, parent demands, and constant problem solving,
often with very little support. The study is warning urgent
reforms are needed, from cutting paperwork, reducing workloads, and giving
teachers more say in policy. Despite the strain, though, teachers
report finding pretty deep meaning in their work, but many
(10:54):
fear that it is becoming unsustainable.
Speaker 1 (10:56):
Finally, before we get to international news, Quantus is getting
its first wardrobe makeover in more than a decade. The
airline has tapped Australian designer Rebecca Valance, who has dressed
apparently British royalty and Hollywood stars, to create its new uniforms.
Speaker 2 (11:13):
Your enthusiasm for this story is incredible. Well, I need
to go back to the Marinus link.
Speaker 1 (11:19):
This is so cool my theory when it comes to this.
I love airlines, I love aviation. I love all plane stories.
I don't care what they wear or what they look
like anything, as long as it's a safe flight. Like
I'm a nervous fire at the best of times, I
don't care. If the uniform gets a refresh.
Speaker 2 (11:37):
Well, then you might actually enjoy this because the focus
is going to be on functionality, because pilots can wear
the same uniform for twenty hours straight, so it needs
to function for them to be able to fly your plane.
But the redesign beyond the pilots is actually going to
outfit seventeen five hundred staff from pilots to cabin crew
and what Quanta's boss, Vanessa Hudson has called the next
(11:58):
era for the airline. It's not the first time though,
that Quantus has worked with that. She redesigned the pajamas
and ammunity kits for Quantus's New York relaunch post pandemic. Also, coincidentally,
I just bought a dress by her to wear to
a wedding in Spain at the end of September, so
you know I'm in there. The final designs, though, won't
hit the runway until twenty twenty seven. That is just
(12:18):
in time for Quantas's ultra long haul project sum Rose
flights to London and New York.
Speaker 1 (12:23):
All right, moving on from you hate that story, I din't.
I din't. I do find it quite interesting. It is
just quite foreign to me the world of fashion designers.
Can't you tell her? I turn tell me more. I
turn up wearing pretty much the same thing every day
to the studio. Right, So it is you do?
Speaker 2 (12:44):
You do have an infinite wardrobe of T shirts and
button down shirts.
Speaker 1 (12:48):
Correct, it is my capsule wardrobe. I have been informed you.
How about that? Turning to international news, now, the Trump
family is diving headfirst into crypto once again. This week,
Donald Trump Junior and Eric Trump, the two sons of
the president, launched not one but two new ventures, American Bitcoin,
which is a mining business, and WLFI, which is a
(13:10):
new token where Donald Trump President is co founder emeritus.
Speaker 2 (13:15):
Trump also controls billions in trump Coin, which is a
meme cryptocurrency and the latest token launch reportedly adding seven
point seven billion dollars to the family fortune. But while
the Trumps are cashing in, investors haven't been so lucky.
Trump Coin's market value has tumbled from ten billion dollars
to one point seven billion, while the millennia coin is
down two one hundred and sixty nine million dollars. Despite
(13:38):
the roller coaster, though, some crypto pros actually see a
silver lining that the White House's enthusiasm could boost adoption
of decentralized finance. American Bitcoin debuted on Nasdaq. It doesn't
actually have its own token. Instead, it will mine and
stockpile coins already holding around two and a half thousand
coins worth four hundred and eighteen million dollars.
Speaker 1 (13:58):
Finally, very quick one big news from Argentina. We have
been following the saga of the long lost Italian painting
that was stolen by the Nazis eighty years ago. Been
talking about it now for the last couple of weeks,
and police have tracked it down.
Speaker 2 (14:13):
They have so for those who have not been following
this as closely as Michael and I. Portrait of a
Lady was snatched from Dutch Jewish collector Jacques Goudsticker during
World War Two. Popped up in a real estate listing,
but when police arrived, the artwork had vanished. Authority swooped
in and arrested the daughter of the Nazi officer who
had it, along with her husband. The painting is now
(14:33):
touched safe away in a secure chamber and amazingly still
in great shape. It's worth around seventy six thousand dollars.
Speaker 1 (14:39):
Yeah, incredible story. Okay. Up next is Fearing Greed Q
and A. Your guest today is Georgie Dent, who is
the CEO of the Parenthood, which is a very large
advocacy group for Paris. You are talking to her about
the push by the federal government the steps it is
taking towards universal childcare, not just what that would look
like and how it might work, but also why it
(15:02):
is so important for business, for families, for the economy
more broadly. It is a really good chat. It's coming
up after the show, so stick around. Thank you very much, Natalie,
Thank you, Michael. It is Friday, the fifth of September
twenty twenty five. Don't forget to hit follow on the
podcast and join us online on LinkedIn, Instagram, x TikTok
and Facebook. I'm Michael Thompson. And that was Fear and Greed.
Have a great day.
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