Top 10 highest paid Aussie jobs
Surgeon - $472,475
Anaesthetist - $447,193
Financial dealer - $355,233
Internal medicine specialist - $342,457
Psychiatrist - $286,146
Other medical practicioners - $259,802
Mining engineer - $206,423
Judicial and legal professionals - $206,408
CEOs and managing directors - $194,987
Financial investment advisor or manager - $191,986
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Daily Mail
24 minutes ago
- Daily Mail
BREAKING NEWS Trump says he'll order the 'DOGE monster' to 'eat' Elon Musk as he tries to tank Trump's big spending bill
President Donald Trump said he is open to deporting Elon Musk and warned he may sick DOGE on the Tesla founder, saying it could 'eat Elon.' 'I don't know. We'll have to take a look,' the president told DailyMail on Tuesday when asked about deporting Musk. 'We might have to put DOGE on Elon. You know what DOGE is? DOGE is the monster that might have to go back and eat Elon,' Trump added. The president blasted his former 'first buddy' after Musk turned on his 'one big, beautiful bill.' The two men, who were once close allies, have seen their relationship take a bitter turn after Musk became a top critic of Trump's signature legislation. Musk railed against the bill complaining about its cuts to electronic vehicle subsidies and its addition to the debt. Trump shrugged off Musk's criticism and warned the Tesla founder has more to lose than EV subsidies. 'He could lose a lot more than that. Elon could lose a lot more than that,' the president told reporters on the South Lawn as he prepared to depart for a visit to Florida. He also appeared to regret his Tesla purchase, which he made earlier this year, paying cash. 'Not everyone wants an electric car. I don't want an electric car,' Trump said. The president made clear that Musk knew the subsidies for electronic cars was not an option. 'Elon Musk knew, long before he so strongly Endorsed me for President, that I was strongly against the EV Mandate,' Trump wrote on Truth Social early Tuesday. 'It is ridiculous, and was always a major part of my campaign. Electric cars are fine, but not everyone should be forced to own one.' He then turned the screws on Musk, suggesting his time benefitting from the U.S. government could be over and that the South African native could be forced to return to his homeland. 'Elon may get more subsidy than any human being in history, by far, and without subsidies, Elon would probably have to close up shop and head back home to South Africa. No more Rocket launches, Satellites, or Electric Car Production, and our Country would save a FORTUNE. Perhaps we should have DOGE take a good, hard, look at this? BIG MONEY TO BE SAVED!!!'
Finextra
25 minutes ago
- Finextra
Circle applies for national trust bank status
Stablecoin firm Circle has applied to create a national trust bank, moving further into the mainstream following its blockbuster IPO last month. 2 The company has formally submitted an application to the Office of the Comptroller of the Currency (OCC) to establish the new trust institution, which will operate under the name First National Digital Currency Bank, N.A. If the charter is approved, it would enable Circle to act as a custodian for its own reserves and hold crypto assets, such as tokenized stocks and bonds, on behalf of institutional clients. Currently, Circle's reserves are held in custody at BNY and managed by BlackRock. Circle co-founder, chairman and CEO Jeremy Allaire, states: 'By applying for a national trust charter, Circle is taking proactive steps to further strengthen our USDC infrastructure. Further, we will align with emerging US regulation for the issuance and operation of dollar-denominated payment stablecoins, which we believe can enhance the reach and resilience of the US dollar, and support the development of crucial, market neutral infrastructure for the world's leading institutions to build on.'
Telegraph
30 minutes ago
- Telegraph
Fed independence is already dead: Trump will get his monetary bailout
Central banks have no God-given right to independence. Nothing in the US constitution authorises the US Federal Reserve to act as a shadow government, and nor should it have such powers under any theory of accountable democracy. One can admire the gentlemanly altruism of Fed chairman Jay Powell, and one can deplore the motives and methods of Donald Trump, while also conceding that Trump is accidentally right on the perils of overmighty technocrats. The Fed has slipped its leash. It is not alone in that. Central bankers have been calling the shots across the advanced democracies over the last 30 years, elevating this priesthood to the status of Nietzschean rock stars. Sir Paul Tucker argues in his exposé, Unelected Power: The Quest For Legitimacy in Central Banking, that they have become the 'third great pillar of unelected power', akin to the judiciary but without the constraints. The Bank of England veteran says the fraternity has strayed a very long way into 'quasi-fiscal' intervention, picking winners and losers in what amounts to a revolution in the system of government. There is a case for zero rates and quantitative easing in a crisis, but these policies were pursued for too long and have led to a vast transfer of wealth from wage workers to the owners of capital. The central banks unwittingly became agents of extreme inequality. Trump has purged the top echelons of the US military, the CIA, the NSA, the FBI, the justice department and every agency that stands in his way. It would be out of character if he spared the Fed. His war of words against Jay Powell is in full flight: 'Low IQ ... a very stupid person, actually … terrible … a major loser … Mr too late ... a total and complete moron.' Needless to say, Trump's determination to get his hands on the machinery of interest rates and bond purchases is an admission that his 'big, beautiful bill' is pushing the limits of US debt sustainability. The Congressional Budget Office (CBO) says the draft will add $3.3 trillion (£2.4 trillion) to deficits by 2034, mostly from rolling over the Trump 1.0 tax cuts that were never affordable in the first place. The US is in a runaway debt compound trap. The budget deficit is 6.7pc of GDP at full employment. The next recession will push it into double digits. Interest costs were 1.6pc of GDP in 2018, during those halcyon days of free global money. They are 3.2pc this year and rising fast. 'The federal budget has become highly sensitive to interest rate dynamics,' said James Knightley from ING. The US is also about to breach the Niall Ferguson rule: that great powers go into terminal decline once interest costs exceed military spending as a share of GDP. Net public debt was 54pc of GDP at the turn of the century. It is now 121pc, rising by two points a year even in good times, and heading for 140pc in short order.
