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Bold idea sees hotel offer thousands in cash back if it rains

In a move that's making waves in the travel industry, a posh hotel in the heart of Singapore has rolled out a revolutionary offer: rain insurance. Yes, you heard it right – rain insurance! InterContinental Singapore, a sanctuary for jet-setters seeking respite from both the humidity and the occasional tropical deluge, has unleashed a game-changer for travellers. Dubbed the "Rain Resist Bliss Package", this offer promises to keep your spirits high even when the rain gods decide to throw a dampener on your plans. Picture this: you've booked your suite at this 5-star haven, eagerly anticipating your Singapore escapade. But lo and behold, the forecast takes a turn for the soggy, threatening to rain on your parade – quite literally. Fear not, dear traveller, for with the Rain Resist Bliss Package, you can breathe easy knowing that if your plans get drenched, your wallet won't. Now, you might be wondering, how does this rain insurance work? Well, it's as simple as Singapore Sling on a sunny day. If the heavens decide to open up and rain on your parade for a cumulative 120 minutes within any four-hour block of daylight hours (that's 8am to 7pm for those not on island time), you're entitled to a refund equivalent to your single-night room rate. The package is available exclusively for suite room bookings starting from $SGD850 per night – so that’s around $965 rain-soaked dollars back in your pocket, no questions asked. No need to jump through hoops or perform a rain dance – just sit back, relax, and let the rain do its thing. And fret not about having to keep an eye on the sky – the clever folks at InterContinental Singapore have got you covered. They're tapping into the data from the National Environmental Agency Weather Station to automatically trigger those rain refunds. It's like having your own personal meteorologist ensuring that your plans stay as dry as your martini. But hey, if the rain does decide to crash your party, fear not! The hotel has an array of dining options to keep your tastebuds entertained while you wait for the clouds to part. And let's not forget, Singapore isn't just about sunshine and rainbows – there are plenty of indoor activities to keep you occupied, from feasting at Lau Pa Sat for an authentic hawker experience to retail therapy at Takashimaya. And here's a silver lining to those rain clouds: fewer tourists! That's right, while others might be scrambling for cover, you could be enjoying shorter lines, less crowded attractions, and even snagging better deals on accommodations. Plus, let's not overlook the fact that the rain brings a welcome respite from the tropical heat, making outdoor adventures all the more enjoyable once the showers subside. So, pack your umbrella and leave your worries behind. With InterContinental Singapore's Rain Resist Bliss Package, you can embrace the unpredictable and turn even the rainiest of days into a memorable adventure. After all, as they say, when life gives you lemons, make Singapore Slings and dance in the rain! Images: InterContinental Singapore / Getty Images

International Travel

12 super simple ways to save some cash

Saving money is a lot easier said than done. Whether you’ve got a holiday you’re thinking about taking, or you just want to make day to day life a little less stressful, there is a range of strategies you can employ to put a couple of dimes together. Here are 12 tips to cut costs: 1. Don't buy luxury, sometimes the budget brands are just as good and save you heaps. 2. Read the junk mail and compare offers because you can get a better deal where you didn't think you could. 3. Cut unnecessary expenses and reduce, if possible, the necessary expenses as well. 4. Buy used goods, it's cheaper and you can haggle. 5. See if you can switch power companies. I'm aware of several people who are saving $250 a year. 6. Borrow books and movies from the library or movie store - it's free or low cost compared to buying new and it's fast. 7. Barter with family and friends, it's free and everyone wins. 8. Take advantage of specials, sales and deals including buying in bulk, it can save you more than you realise. 9. Walk, bike or car pool or use other public transport, it's good for the environment and saves you money. 10. Shop around for the best deal, it might be better elsewhere. 11. Follow insurance company advice: Don't smoke, do have alarms and do get multi policies - it protects you and saves cash. 12. Have a savings account with all the savings from this and don't touch it, you will be amazed at what you have saved in a short time. Written by John Murphy. Republished with permission of <a href="http://www.stuff.co.nz/" target="_blank" rel="noopener">Stuff.co.nz</a>. Image credits: Getty Images

Money & Banking

Obese woman sparks debate for not giving up extra seat for toddler

An obese woman has sparked debate online after refusing to give up the second seat she paid for to a fussy toddler. The 34-year-old booked the two seats for her cross-country flight to visit her family for Christmas because she was previously unable to comfortably fit in one seat. All was well until the young woman next to her demanded that she "squeeze into one seat" so her son could sit on the other. "I am obese," she admitted on the Reddit thread. "I'm actively working toward losing weight and I've made progress - but I booked an extra seat because I'm fat." She added that she insisted on keeping her seat because she paid for it, but the mum "made a big fuss over it, and she told the flight attendant I was stealing the seat from her son." "Then I showed her my boarding passes, proving that I paid for the extra seat. The flight attendant asked me if I could try to squeeze in, but I said no, that I wanted the extra seat I paid for." The woman claimed that the toddler was only 18 months old, so he didn't need his own seat and could've sat on his mum's lap for the duration of the flight. "I got dirty looks and passive-aggressive remarks from her for the entire flight and I do feel a little bad because the boy looked hard to control - but am I in the wrong?" she asked other social media users. Many shared their overwhelming support for the woman and slammed the mum and flight attendant for their "horrific" behaviour. "The mum is an a**hole for not buying a seat for her son and assuming someone else would give up a seat they paid for. Odds are she was hoping there'd be extra seats on the flight so she didn't have to pay and used the lap thing as a loophole," one commented. "What's even the point of the extra seat if the flight attendants are going to let entitled people bully others into giving it up?" another added. "People buy entire seats for high-end musical equipment. Not even people. Their lack of planning does not constitute an emergency on your part," a third wrote. However, there were a few others that said the woman was in the wrong for causing an inconvenience. "If you are so fat that you have to have more than one seat on an airplane then you are selfish," one said. "Flights overbook all the time especially during the holidays - how can you justify having two seats to yourself?" "How much room does a kid take up, seriously? Yeah the mum should've bought a seat but that doesn't mean you have to be selfish and cause two people discomfort," another commented. Image: Getty

Travel Trouble

Should I put more money into my super? What are the benefits and can I take it out before retirement if I need it?

Superannuation is never far from the headlines lately, with the government recently calling for <a href="https://treasury.gov.au/consultation/c2023-361383">views</a> from the public on what the objective of super should be. The basic idea behind super is you set aside a portion of your pay over your working life, so you can build up a nest egg to see you through your retirement years. But what if you’re worried you might not have enough super by the time you retire? Yes, you could top up your super now and watch the nest egg grow through the magic of <a href="https://moneysmart.gov.au/saving/compound-interest">compound returns</a>– but what are the downsides? If you’re considering putting more money into your super, and want to know more about how the whole system works, here are the basics. <h2>What are the rules about putting more money into my super?</h2> First, make sure you know where your superannuation actually is and how much you’ve got so far. This <a href="https://www.ato.gov.au/forms/searching-for-lost-super/">page</a> from the Australian Tax Office explains how to search for any lost super. The next thing to know is there are <a href="https://www.ato.gov.au/individuals/super/in-detail/growing-your-super/super-contributions---too-much-can-mean-extra-tax/?page=2#Understanding_contribution_caps">limits</a> to how much you can contribute into superannuation. There are two types of super contributions you can make. The first category is called “<a href="https://moneysmart.gov.au/grow-your-super/super-contributions">concessional contributions</a>”. These are taxed at 15%, which may be lower than the tax you’d otherwise have to pay on that money. So making these super top-ups can not only grow your nest egg, but save you tax. The amount of concessional contributions you can make is A$27,500 per annum. That figure includes all the super your employer puts in your super account and any extra contributions you make under a salary sacrifice scheme or where you are claiming an income tax deduction. The second category, known as “non-concessional contributions”, means money you pay into your super withoutclaiming a tax deduction. This could be, for example, money from savings, an inheritance or a lottery win. There is a limit of $330,000 over three years (or $110,000 per year), for these contributions. <h2>What are the benefits of topping up my super?</h2> Two words: compound returns. Compound returns are where you earn returns not only on the original investment you put in, but also on any returns on that investment. As the government’s <a href="https://moneysmart.gov.au/saving/compound-interest">Moneysmart</a> website puts it, “you get interest on your interest”. Over the years, this means you could earn a lot more than you would if you didn’t top up your super. How much more? Well, it depends on the investment return and fees of your fund. But as an example: thanks to compound returns, putting an extra $100 per month into your super from age 30 could <a href="https://www.calc.help/industrysuper/add-extra-to-your-super">mean you retire</a> with an extra $65,000 in your account (here, I’ve assumed investment returns of 7.5%, accumulation inflation of 4% and salary inflation of 4%). And the longer it is there, the more it will grow – so starting top-ups early might pay off. This is particularly important for <a href="https://theconversation.com/spirals-and-circles-snakes-and-ladders-why-womens-super-is-complex-103763">women</a>, whose super balances may look a bit feeble if they take parental leave or cut their hours while raising a family. Then there’s the tax benefits of super top-ups. If you would normally pay a net tax rate higher than 15% on investments such as shares, your money will grow more quickly inside superannuation than shares. You may also be eligible for government co-contributions that add to your balance if you make a non-concessional contribution during the year and your income is less than $57,016. <h2>So what’s the downside? Can I access my superannuation before retirement?</h2> Basically, no. You must meet a “<a href="https://www.ato.gov.au/individuals/super/in-detail/withdrawing-and-using-your-super/withdrawing-your-super-and-paying-tax/?page=2#Conditionsofrelease">condition of release</a>” before being able to access your superannuation. The most common is retirement, defined as reaching the age of 65 or leaving work after reaching “preservation age” (which is 60 for anyone born after July, 1964). There are some <a href="https://www.ato.gov.au/Individuals/Super/Withdrawing-and-using-your-super/Early-access-to-your-super/">special circumstances</a> where you may be able to access your superannuation early. These are very narrow, and include serious financial hardship or necessary medical treatment that cannot be funded any other way. Death or terminal illness also qualify for release. <h2>But what if I need a deposit for a house?</h2> This is a dilemma for non home-owners. After compulsory superannuation guarantee deductions and HECS-HELP, it may be hard to save a deposit. One of the few circumstances where you access your superannuation early is through the <a href="https://www.ato.gov.au/individuals/super/withdrawing-and-using-your-super/first-home-super-saver-scheme/">First Home Super Savers Scheme</a>. If you make voluntary contributions, you may be able to withdraw these contributions for a home deposit. However, this scheme is very tightly regulated. You can read more about the rules for this scheme <a href="https://www.ato.gov.au/individuals/super/withdrawing-and-using-your-super/first-home-super-saver-scheme/">here</a>. <h2>So… should I put more money into my super?</h2> It depends. If you do, make sure you understand you will not be able to access that money until retirement. If you own your home (or intend to rent until retirement) you may want to put more into superannuation while you can afford it, knowing it is contributing to a secure retirement. But if home ownership is your goal, you should think carefully about choosing between superannuation and saving for a home deposit. Image credits: Getty Images This article originally appeared in <a href="https://theconversation.com/should-i-put-more-money-into-my-super-what-are-the-benefits-and-can-i-take-it-out-before-retirement-if-i-need-it-201950" target="_blank" rel="noopener">The Conversation</a>.

Retirement Income

5 super simple ways to save cash for retirement

During the lead-in to retirement, money management becomes more important than ever. And while we often get lost pondering over in the major financial decisions, getting the minor financial decisions right can be just as important. We’re going to run through five simple ways any soon-to-be-retiree can save cash for their golden years. Sometimes the smallest changes make the biggest difference. 1. Set targets Saving can be difficult if you don’t know where the goalposts are placed. But how much do you really need to retire? As <a href="http://119.9.30.84/blog/are-you-retirement-ready" target="_blank">Equip notes</a>, “According to ASFA (the Association of Superannuation Funds of Australia), a couple needs approximately $640,000 in retirement savings for a comfortable lifestyle. For a single person that number is $545,000.” Setting minor saving targets, even if it’s just a little bit of money here and there every week, can get the ball rolling and start putting yourself in a position to prop up your nest egg. 2. Shop smarter While you don’t want to be living like a miser, smarter shopping choices can add up. Keeping your ear to the ground for discounts, taking advantage of specials and avoiding any discretionary purchases will help keep you in the black. 3. Clear any outstanding debt Debt can be an inconvenient drain on your income in the lead-in to retirement. If you’re set to take the plunge and find yourself in a mire of debt, it’s important to take necessary steps as soon as possible, which might mean finding a financial planner. <a href="http://119.9.30.84/blog/are-you-retirement-ready" target="_blank">Equip says</a>, “Having outstanding debts as you approach retirement isn’t necessarily a problem, but it does require some planning. For example - do you use your super to pay off your mortgage? There’s no simple answer, but speaking to a financial planner can help you understand your options and what they mean in the long term.” 4. Change spending habits Ultimately, if you’re looking to save some extra cash for retirement you’re going to have to change your spending habits. Little things like drinking coffee at home, or staying in for lunch and dinner can make a big difference in the long run. 5. Explore your options Taking the measures listed above is a good start, but you’re only scratching the surface of what you can do to prop up your retirement income. <a href="https://www.equipsuper.com.au/financial-planning/meet-our-financial-planners" target="_blank">Qualified financial planners</a> can give you advice and guidance on little things you can do in your day to day life that will ensure you’re in a better position when you’ve reached retirement. What measures do you take to save cash? <a href="https://www.equipsuper.com.au/" target="_blank">Equip</a> manages $7 billion of investments for members working across a wide range of Australian industry sectors. This <a href="https://www.equipsuper.com.au/" target="_blank">superannuation fund</a> has been providing strong investment performance and has been a reliable provider of retirement benefits for over 80 years. This article is for general information only. You should seek formal financial advice on your specific circumstances.

Money & Banking

Ways you’re wasting money without knowing it

Airline fees You’re paying extra for almost everything when you fly these days, from your bags to your seat. So be sure to compare not only the prices of flights but what they’re charging in extra fees. You may also want to weigh your bag before you go to avoid any additional charges. Bank fees Not keeping enough money in your bank account could cost you some serious cash. How much? ATM and other maintenance fees can also add up to $1,000 over ten years. To avoid them, look for banks with free ATMs that don’t charge monthly maintenance fees. Buying things new Sure, a shiny new car is tempting. But as soon as you drive it off the lot, the car loses 11 percent of its value. A better option? Opt for a reliable used car and a short-term loan you can pay off quickly. The same goes for electronics and other items. Convenience foods Pre-cut fruit and vegetables can save time, but they can also dent your wallet. Instead, buy food as close to its natural form as possible, and divide it up into portion sizes yourself. The same concept applies for all those fancy lattes. Even if you buy just three $5 drinks each week, that’s $780 per year. Over a decade, it’s $7,800. Credit card interest It’s not uncommon to be charged 20 percent annually, although some people face even steeper rates. If you carry $25,000 in debt, paying 20 percent on it will cost you a whopping $5,000 annually – just in interest. To avoid paying extra money for old debts, try the snowball method. Pay off the card with the lowest balance first, then move on to the next one. Dry cleaning A typical trip to the cleaners for your pants and shirts can cost you more than $10. With a weekly visit, that could add up to more than $500 per year. To save that money, clean your shirts in the delicate cycle in your washer or hand wash them. Eating out Going out to dinner with the family can be a nice treat, but doing it regularly really adds up. Instead of buying your lunch every day, save money by packing it. And before you go out, look for specials like coupons or happy hours or get entrees instead of full meals. Extended warranties Getting an extended warranty on that refrigerator or car you bought sounds like a good idea. But most extended warranties aren’t worth the money. Why? The fine print may not include likely problems, or you may be buying duplicate coverage. A better plan? Open a savings account and sock away money for any repairs that might come up. Impulse buys Spur-of-the-moment buys can cost you more in the long term, because you may not really need them, or you haven’t shopped around for better deals. Really want something? Take a 24-hour breather and see if you still do. Name brands Brand names can be tempting when it comes to consumer products like cereals and soaps. But the generic versions work just as well. And when it comes to medications, generic versions can cost between 30 and 80 percent less than brand-name drugs. Ask your doctor to specify on the prescription that generic medications should be substituted for name brands. Phantom electricity Everyone wants to make sure their electronic devices are charged. But keeping your laptop and phone plugged in once they’re at full power is costing you – especially with high energy prices. To save money, make sure to power down your devices when you’re not using them and use a power strip to easily turn off several electronics at once. Procrastinating You might think it’s a good idea to wait for last-minute deals, but procrastinating can cost you in the long run. Plane tickets and hotel rooms can get more expensive the closer to the date. And procrastinating on saving money will mean less down the road. Speeding Rushing to get somewhere may be tempting, but it can also add up. On the highway, speeding can decrease your fuel mileage by up to 30 percent. That’s not counting what it will cost you if you get stopped for your leadfoot or hit another vehicle. So slow down and save. Subscription boxes The average subscription box costs between $10 and $40 per month, which means you could be spending well over $100 a year – on just one service. Think about whether you’re really using (and enjoying) the majority of the items in the box on a regular basis. If not, it might be time to cancel your subscription. Unused memberships You signed up for that gym membership with the best of intentions, but if you’re part of the 67 percent of people with a membership who never set foot in the gym, you could be wasting more than $700 a year. And if you’re a member of one of the fancier gyms, you’re wasting even more. Tax deductions you're missing Earned income tax credits were designed to help keep money in people’s pockets. But 20 percent of people who qualify for the deductions don’t take advantage of them. To make sure you get the deductions you’re entitled to, use an online tax program or hire a professional. Wasted food A trip to the grocery store may cost you money in more ways than one. Because of lack of planning, impulse buying, and cooking too much food, an average of one in five bags of groceries goes to waste. To save, make a plan before you go shopping, don’t go to the store hungry, and eat/freeze your leftovers. Image credits: Getty Images This article originally appeared on <a href="https://www.readersdigest.co.nz/food-home-garden/money/ways-youre-wasting-money-without-knowing-it?pages=1" target="_blank" rel="noopener">Reader's Digest</a>.

Money & Banking

Parents leave baby at airport counter after refusing to buy extra ticket

A couple were checking in for a flight from Ben Gurion International Airport to Brussels, Belgium on Tuesday when they made the decision to leave their baby behind. Upon their arrival at the airport check-in desk in Tel Aviv, Israel, it was revealed that the baby did not have a ticket. Rather than address the situation and ensure their child’s safe travel, the pair opted to proceed to security without their stroller and its young occupant. The airline they were flying with, Ryanair, state on their website that "infants can be included in a flight reservation during the online booking process." Following their process for booking with an infant, a message will pop-up to let travellers know there is a €25 charge (approximately $39) for each one-way flight the baby participates in from an adult’s lap. If the adults want the baby to travel in a seat of its own with the proper equipment, a seat must be paid for. The parents, apparently, had not made such arrangements for their baby. The matter was referred to officials, as confirmed by a Ryanair spokeswoman. "These passengers travelling from Tel Aviv to Brussels presented at check-in without a booking for their infant,” she told CNN, “they then proceeded to security leaving the infant behind at check-in. "The check-in agent at Ben Gurion Airport contacted Airport Security, who retrieved these passengers, and this is now a matter for local police." Reports of the situation were confirmed by the Israeli Airport Authority, who provided a statement to CNN and offered some more information into what went on. "A couple and an infant with Belgian passports arrived for a flight at Terminal 1 without a ticket for the baby,” it read. “The couple also arrived late for the flight, once the check-in for the flight was closed. The couple left the infant seat with the baby and ran toward the security checks at Terminal 1 in an attempt to reach the boarding gate for the flight." A video allegedly from the airport at the time, staff can be heard expressing their sadness for the child. Another woman exclaims, “she left him there, I swear!” Ryanair staff also voiced their shock over the incident, telling N12, “we’re never seen anything like it.” Despite reports that the parents were detained, an Israel Police spokesman told CNN that the matter appeared to have been resolved by the time law enforcement arrived on the scene, stating that "the baby was with the parents and there's no further investigation." Images: Getty

Travel Trouble

Chokepoint Capitalism: why we’ll all lose unless we stop Amazon, Spotify and other platforms squeezing cash from creators

In 2020, the independent authors and small publishers whose audiobooks reach their readers via Audible’s <a href="https://www.acx.com/">ACX platform</a> smelled a rat. Audiobooks were booming, but sales of their own books – produced at great expense and well-reviewed – were plummeting. Some of their royalty statements reported negative sales, as readers returned more books than they bought. This was hard to make sense of, because Audible only reported net sales, refusing to reveal the sales and refunds that made them up. Perth-based writer <a href="https://www.susanmaywriter.net/single-post/audiblegate-the-incredible-story-of-missing-sales">Susan May</a> wondered whether those returns might be the reason for her dwindling net sales. She pressed Audible to tell her how many of her sales were being negated by returns, but the company stonewalled. Then, in October 2020, a glitch caused three weeks of returns data to be reported in a single day, and authors discovered that hundreds (and even thousands) of their sales had been wiped out by returns. Suddenly, the scam came into focus: the Amazon-owned Audible had been offering an extraordinarily generous returns policy, encouraging subscribers to return books they’d had on their devices for months, even if they had listened to them the whole way through, even if they had loved them – no questions asked. Encouraged by the policy, some subscribers had been treating the service like a library – returning books for fresh credits they could swap for new ones. Few would have realised that Audible clawed back the royalties from the book’s authors every time a book was returned. Good for Amazon, bad for authors It was good for Amazon – it helped Audible gain and hold onto subscribers – but bad for the authors and the performers who created the audiobooks, who barely got paid. Understanding Amazon’s motivation helps us understand a phenomenon we call <a href="https://scribepublications.com.au/books-authors/books/chokepoint-capitalism-9781761380075">chokepoint capitalism</a>, a modern plague on creative industries and many other industries too. Orthodox economics tells us not to worry about corporations dominating markets because that will attract competitors, who will put things back in balance. But many of today’s big corporations and billionaire investors have perfected ways to make those supposedly-temporary advantages permanent. Warren Buffett salivates over businesses with “<a href="https://markets.businessinsider.com/news/stocks/warren-buffett-moat-etf-simple-explanation-for-how-he-invests-and-its-easy-to-replicate-2017-10-1005613232">wide, sustainable moats</a>”. Peter Thiel scoffs that “<a href="https://www.wsj.com/articles/peter-thiel-competition-is-for-losers-1410535536">competition is for losers</a>”. Business schools teach students ways to lock in customers and suppliers and eliminate competition, so they can shake down the people who make what they supply and buy what they sell. Locking in customers and creators Amazon is the poster child for chokepoint capitalism. It boasts of its “<a href="https://feedvisor.com/resources/amazon-trends/amazon-flywheel-explained/">flywheel</a>” – a self-described “<a href="https://fourweekmba.com/amazon-flywheel/">virtuous cycle</a>” where its lower cost leads to lower prices and a better customer experience, which leads to more traffic, which leads to more sellers, and a better selection – which further propels the flywheel. <hr /> <figure class="align-center zoomable"><a href="https://images.theconversation.com/files/494907/original/file-20221111-21-lnbmh1.png?ixlib=rb-1.1.0&q=45&auto=format&w=1000&fit=clip"><img src="https://images.theconversation.com/files/494907/original/file-20221111-21-lnbmh1.png?ixlib=rb-1.1.0&q=45&auto=format&w=754&fit=clip" sizes="(min-width: 1466px) 754px, (max-width: 599px) 100vw, (min-width: 600px) 600px, 237px" srcset="https://images.theconversation.com/files/494907/original/file-20221111-21-lnbmh1.png?ixlib=rb-1.1.0&q=45&auto=format&w=600&h=379&fit=crop&dpr=1 600w, https://images.theconversation.com/files/494907/original/file-20221111-21-lnbmh1.png?ixlib=rb-1.1.0&q=30&auto=format&w=600&h=379&fit=crop&dpr=2 1200w, https://images.theconversation.com/files/494907/original/file-20221111-21-lnbmh1.png?ixlib=rb-1.1.0&q=15&auto=format&w=600&h=379&fit=crop&dpr=3 1800w, https://images.theconversation.com/files/494907/original/file-20221111-21-lnbmh1.png?ixlib=rb-1.1.0&q=45&auto=format&w=754&h=477&fit=crop&dpr=1 754w, https://images.theconversation.com/files/494907/original/file-20221111-21-lnbmh1.png?ixlib=rb-1.1.0&q=30&auto=format&w=754&h=477&fit=crop&dpr=2 1508w, https://images.theconversation.com/files/494907/original/file-20221111-21-lnbmh1.png?ixlib=rb-1.1.0&q=15&auto=format&w=754&h=477&fit=crop&dpr=3 2262w" alt="" /></a><figcaption></figcaption></figure> <hr /> But the way the cycle works isn’t virtuous – it’s vicious and anti-competitive. Amazon openly admits to doing everything it can to lock in its customers. That’s why Audible encourages book returns: its generous offer only applies to ongoing subscribers. Audible wants the money from monthly subscribers and wants the fact that they are subscribed to prevent them from shopping elsewhere. Paying the people who actually made the product it sells a fair share of earnings isn’t Amazon’s priority. Because Amazon founder Jeff Bezos’ famous maxim is “<a href="https://www.marketplacepulse.com/articles/the-cost-of-your-margin-is-my-opportunity">your margin is my opportunity</a>”, the executive who figured out how to make authors foot the bill for retaining subscribers probably got a bonus. Another way Audible locks customers in is by ensuring the books it sells are protected by <a href="https://www.fortinet.com/resources/cyberglossary/digital-rights-management-drm">digital rights management</a> (DRM) which means they are encrypted, and can only be read by software with the decryption key. Amazon claims DRM stops listeners from stealing from creators by pirating their books. But tools to strip away those locks are freely available online, and it’s easy for readers who can’t or won’t pay for books to find illegal versions. While DRM doesn’t prevent infringement, it does prevent competition. Startups that want to challenge Audible’s dominance – including those that would pay fairly – have to persuade potential customers to give up their Audible titles or to inconveniently maintain separate libraries. In this way, laws that were intended to protect against infringement of copyright have become tools to protect against infringement of corporate dominance. Once customers are locked in, suppliers (authors and publishers) are locked in too. It’s incredibly difficult to reach audiobook buyers unless you’re on Audible. When the suppliers are locked in, they can be shaken down for an ever-greater share of what the buyers hand over. <hr /> <figure class="align-center zoomable"><a href="https://images.theconversation.com/files/494908/original/file-20221111-16-pua9cp.png?ixlib=rb-1.1.0&q=45&auto=format&w=1000&fit=clip"><img src="https://images.theconversation.com/files/494908/original/file-20221111-16-pua9cp.png?ixlib=rb-1.1.0&q=45&auto=format&w=754&fit=clip" sizes="(min-width: 1466px) 754px, (max-width: 599px) 100vw, (min-width: 600px) 600px, 237px" srcset="https://images.theconversation.com/files/494908/original/file-20221111-16-pua9cp.png?ixlib=rb-1.1.0&q=45&auto=format&w=600&h=377&fit=crop&dpr=1 600w, https://images.theconversation.com/files/494908/original/file-20221111-16-pua9cp.png?ixlib=rb-1.1.0&q=30&auto=format&w=600&h=377&fit=crop&dpr=2 1200w, https://images.theconversation.com/files/494908/original/file-20221111-16-pua9cp.png?ixlib=rb-1.1.0&q=15&auto=format&w=600&h=377&fit=crop&dpr=3 1800w, https://images.theconversation.com/files/494908/original/file-20221111-16-pua9cp.png?ixlib=rb-1.1.0&q=45&auto=format&w=754&h=474&fit=crop&dpr=1 754w, https://images.theconversation.com/files/494908/original/file-20221111-16-pua9cp.png?ixlib=rb-1.1.0&q=30&auto=format&w=754&h=474&fit=crop&dpr=2 1508w, https://images.theconversation.com/files/494908/original/file-20221111-16-pua9cp.png?ixlib=rb-1.1.0&q=15&auto=format&w=754&h=474&fit=crop&dpr=3 2262w" alt="" /></a><figcaption></figcaption></figure> <hr /> How a few big buyers can control whole markets The problem isn’t with middlemen as such: book shops, record labels, book and music publishers, agents and myriad others provide valuable services that help keep creative wheels turning. The problem arises when these middlemen grow powerful enough to bend markets into hourglass shapes, with audiences at one end, masses of creators at the other, and themselves operating as a chokepoint in the middle. Since everyone has to go through them, they’re able to control the terms on which creative goods and services are exchanged - and extract more than their fair share of value. The corporations who create these chokepoints are trying to “monopsonise” their markets. “Monopsony” isn’t a pretty word, but it’s one we are going to have to get familiar with to understand why so many of us are feeling squeezed. <a href="https://www.wallstreetmojo.com/monopoly">Monopoly</a> (or near-monopoly) is where there is only one big seller, leaving buyers with few other places to turn. <a href="https://www.wallstreetmojo.com/monopsony/">Monopsony</a> is where there is only one big buyer, leaving sellers with few other places to turn. In our book, we quote William Deresiewicz, a former professor of English at Yale University, who points out in his book <a href="https://www.chicagoreview.org/william-deresiewicz-the-death-of-the-artist/">The Death of the Artist</a> that “if you can only sell your product to a single entity, it’s not your customer; it’s your boss”. Increasingly, it is how the creative industries are structured. There’s Audible for audiobooks, Amazon for physical and digital versions, YouTube for video, Google and Facebook for online news advertising, the <a href="https://www.liveabout.com/big-three-record-labels-2460743">Big Three record labels</a> (who own the big three music publishers) for recorded music, <a href="https://pluralistic.net/2022/09/12/streaming-doesnt-pay/">Spotify</a> for streaming, Live Nation for live music and ticketing – and that’s just the start. But as corporate concentration increases across the board, monopsony is becoming a problem for the rest of us. For a glimpse into what happens to labour markets when buyers become too powerful, just think about how monopsonistic supermarkets bully food manufacturers and farmers. <figure class="align-right "><img src="https://images.theconversation.com/files/494912/original/file-20221112-11-u879gw.png?ixlib=rb-1.1.0&q=45&auto=format&w=237&fit=clip" sizes="(min-width: 1466px) 754px, (max-width: 599px) 100vw, (min-width: 600px) 600px, 237px" srcset="https://images.theconversation.com/files/494912/original/file-20221112-11-u879gw.png?ixlib=rb-1.1.0&q=45&auto=format&w=600&h=966&fit=crop&dpr=1 600w, https://images.theconversation.com/files/494912/original/file-20221112-11-u879gw.png?ixlib=rb-1.1.0&q=30&auto=format&w=600&h=966&fit=crop&dpr=2 1200w, https://images.theconversation.com/files/494912/original/file-20221112-11-u879gw.png?ixlib=rb-1.1.0&q=15&auto=format&w=600&h=966&fit=crop&dpr=3 1800w, https://images.theconversation.com/files/494912/original/file-20221112-11-u879gw.png?ixlib=rb-1.1.0&q=45&auto=format&w=754&h=1214&fit=crop&dpr=1 754w, https://images.theconversation.com/files/494912/original/file-20221112-11-u879gw.png?ixlib=rb-1.1.0&q=30&auto=format&w=754&h=1214&fit=crop&dpr=2 1508w, https://images.theconversation.com/files/494912/original/file-20221112-11-u879gw.png?ixlib=rb-1.1.0&q=15&auto=format&w=754&h=1214&fit=crop&dpr=3 2262w" alt="" /><figcaption><a class="source" href="https://scribepublications.com.au/books-authors/books/chokepoint-capitalism-9781761380075">Scribe Publications</a></figcaption></figure> A fairer deal for consumers and creators The good news is that we don’t have to put up with it. <a href="https://scribepublications.com.au/books-authors/books/chokepoint-capitalism-9781761380075">Chokepoint Capitalism</a> isn’t one of those “Chapter 11 books” – ten chapters about how terrible everything is, plus a conclusion with some vague suggestions about what can be done. The whole second half is devoted to detailed proposals for widening these chokepoints out – such as transparency rights, among others. Audible’s sly trick only finally came to light because of the glitch that let authors see the scope of returns. That glitch enabled writers, led by Susan May, to organise a campaign that eventually forced Audible to reform some of its more egregious practices. But we need more light in dark corners. And we need reforms to contract law to level the playing field in negotiations, interoperability rights to prevent lock-in to platforms, copyrights being better secured to creators rather than publishers, and minimum wages for creative work. These and the other things we suggest would do much to empower artists and get them paid. And they would provide inspiration for the increasing rest of us who are supplying our goods or our labour to increasingly powerful corporations that can’t seem to keep their hands out of our pockets. <hr /> Chokepoint Capitalism: how big tech and big content captured creative labour markets, and how we’ll win them back is published on <a href="https://scribepublications.com.au/books-authors/books/chokepoint-capitalism-9781761380075">Tuesday November 15</a> by Scribe.<img style="border: none !important; box-shadow: none !important; margin: 0 !important; max-height: 1px !important; max-width: 1px !important; min-height: 1px !important; min-width: 1px !important; opacity: 0 !important; outline: none !important; padding: 0 !important;" src="https://counter.theconversation.com/content/194069/count.gif?distributor=republish-lightbox-basic" alt="The Conversation" width="1" height="1" /> Writen by Rebecca Giblin and Cory Doctorow. Republished with permission from <a href="https://theconversation.com/chokepoint-capitalism-why-well-all-lose-unless-we-stop-amazon-spotify-and-other-platforms-squeezing-cash-from-creators-194069" target="_blank" rel="noopener">The Conversation</a>. Image: Getty Images

Money & Banking

Seven simple ways to save money now!

Could you do with a few extra dollars in your pocket each week? These handy hints make it all too easy. A few extra dollars in the kitty each week would be handy for any of us. It’s possible! It’s just a matter of finding ways to trim the fat on your expenses and stretch your dollar further. We’ve compiled some simple tricks to start today to get money in your pocket fast. They’re achievable for everyone! Grow your own food Save at the supermarket by growing your own fruit and vegies. If you have a bit of extra space out in the backyard, why not utilise it with an apple tree, a few vegies and if you have the room, why not some chickens? For beginners, mint, silverbeet, leafy greens, zucchini and cherry tomatoes are great because they don’t need too much love and attention to grow. If you’d like to start out small, a lovely planter box against the kitchen windowsill to grow herbs could be a good starting point. Basil, oregano and parsley are all simple to start with and can all be grown indoors during winter. By growing your own food you’ll save on your weekly grocery bill and be engaging your mind and moving the body. <a href="http://littleveggiepatchco.com.au/" target="_blank" rel="noopener">The Little Veggie Patch Co</a> is a Melbourne-based business dedicated to helping people grow food. Their website offers some great videos on useful tips and tricks to help you grow a vegie patch in no time. Shop online Not only could you bag yourself some great bargains that you might not be able to find in a store, you can also cut out impulse buying. This can save you a lot at the supermarket if you’re a shopper who loves to buy what’s on special. While you may think you’re saving money by doing this, you’re actually just buying items you may not have necessarily bought if you were buying your groceries online. Before buying any item online, whether it’s a new bed for your pet pooch or your grocery essentials for the week, make sure you understand the company’s shipping costs and policies. Many places offer free delivery or shipping when you buy their items but it’s best to check first. Know your concessions If you’re on the pension, you could save on utility bills, travel expenses and many other every day costs. Many companies offer discounts for Aussies on the pension, which could put a few extra dollars in your pocket each week. However, you have to tell them. They won’t apply the discounts automatically. You could save money on books, magazines and travel. For those over 60, you can apply for a seniors’ card in your state or territory. This nifty little card offers a range of discounts, such as cruises or travel insurance, magazine subscriptions, cinema and event tickets, plus a lot more. The eligibility requirements and discounts differ between states, so it’s best to contact your local social services department to find out more. Sign up for customer reward programs If you’re buying products from a particular store, you should be rewarded right? You can be, but you’ll need to sign up to a store’s loyalty or rewards program. Generally, these work by rewarding you with points each time you shop in a particular store, and then once you reach a certain amount, you get a reward. It could be a voucher, a special deal or a product. Keep a money diary or download a budget app It’s hard to save without knowing where your money is going. Nip this in the bud by keeping a record of where your money goes in one week. Be disciplined and write down every expense. If you have a smartphone, iPhone, tablet or iPad, why not download a budget app? There are plenty out there in either the Apple Store or Google Play for those wanting to take control of their savings and take note of their spending habits. Make your own gifts Do you spend a lot of money buying gifts for your kids and grandchildren? What about friends and colleagues? Birthdays, anniversaries, school achievements and other events you may buy gifts for can quickly add up to be a huge expense. To save money, why not put your skills to the test and make your own gifts? With so many material things in the world, being given a gift personally made by you could be a much nicer way of showing your affection for someone. Whether you’re great at painting or drawing, cross-stitching, making candles or baking, put your skills to the test by creating a gift that has more heart than anything you could possibly buy in a store. Cut back for one month Why not try one month without something you regularly buy but don’t need. It could be a morning coffee or tea, a magazine you buy every fortnight or your weekly indulgence of potato crisps on a Saturday night. Whatever it is, try to give it up for one month. Put aside the money you would normally use to buy this item, and deposit it into a money box at home. While this isn’t going to buy you a round-the-world airplane ticket after one month, if you do this a few times a year, you’ll soon see results. Image: Getty Images

Money & Banking

“Goodbye Little Darlin’”: Johnny Cash fan snaps up singer’s former home

After just two months on the market, the sprawling ranch Johnny Cash built in the hills of California has been snagged by a generous local fan. <a href="https://www.oversixty.com.au/property/real-estate/walk-the-rooms-inside-the-house-that-johnny-cash-built" target="_blank" rel="noopener">With an asking price of $US 1.795 million</a> ($NZ 3.16 million), the home’s new owner paid an extra $55,000 ($NZ 96,000) for the keys to the six-acre ranch. The Ring of Fire singer reportedly built the ‘60s style compound in Ventura, California, in 1961 as an escape from Los Angeles and a place where he and his wife, Vivian, could raise their two daughters. Unlike other celebrity neighbours, it seems that Cash was on friendly terms with the locals, with residents from the nearby village of Casitas Springs recalling Cash setting up speakers on the hillside outside his home and playing concerts for the people living below, per <a href="https://www.realtor.com/news/celebrity-real-estate/johnny-cash-fan-buys-the-singers-former-ranch-in-ventura/" target="_blank" rel="noopener">realtor.com</a>. In 1966, the couple divorced, with Cash marrying June Carter two years later and relocating to Nashville. Vivian later offloaded the five-bedroom home in the 1970s. Even after all these years, the property still features details from when Cash called it home, including a wall-mounted timetable and painted ceilings “imbued with glitter”, according to <a href="https://www.realtor.com/realestateandhomes-detail/8736-Nye-Rd_Ventura_CA_93001_M13740-10847" target="_blank" rel="noopener">the listing</a>. His wood-panelled studio has also been preserved. Built with high windows, the studio was designed so the six-foot singer could look out without others being able to see in. The panelled walls, wagon wheel chandeliers and curved brick fireplace in the living room also add to the rustic feel of the home’s interior. Outside, you’ll find cypresses and oak trees, a large pool and spa, and a hillside barbecue area where Cash taught his daughters to shoot - with spent shells still being found there sometimes. With the property being zoned for livestock and plenty of fields ready for planting, it’ll be up to the new owner to decide on the fate of the iconic home. Images: Realtor.com / Getty Images

Real Estate

Stranded opera singer busks to earn cash after cancelled flights

After her flight home was cancelled, one Jestar passenger said she was forced to busk for money until she could get home. Edit Pali had travelled to a remote resort in Phuket with her husband Tibor to celebrate her 50th birthday when a cancelled flight saw their stay extend for another five days. Having spent a large portion of their savings on their trip, the couple were faced with the problem of paying for their additional days in the resort. Ms Pali told <a href="https://9now.nine.com.au/a-current-affair/stranded-aussie-jetstar-passengers-speak-out/04c064ba-f60c-43dd-8ba8-640595f8ddc9" target="_blank" rel="noopener">A Current Affair</a> that the airline had offered them $30 for meals and $150 for accommodation each day in compensation - but the money failed to arrive. “I’m a tough chook but I cried, I really cried,” she said. Taking advantage of her skills as an opera singer, Ms Pali decided to sing for her supper at breakfast, lunch and dinner while they waited for the funds to come through. "We're just average people, we don't make a lot of money, so for us to go away to Thailand for a week to a luxury resort, that was a big enough chunk into our savings,” she added. A Jetstar spokesperson said they were aware of Ms Pali’s situation and were doing “everything we can”. But Ms Pali isn’t the only person affected by a cancelled flight, as six out of 11 of Jetstar’s 787 planes were grounded earlier this month. At least 4,000 passengers travelling on popular winter routes, including to Bali, Thailand, and Japan, have been affected by delays and cancellations, with the airline blaming lightning, bird strikes and parts shortages. "Our teams work around the clock to get passengers on their way as soon as possible and we provide a range of support, including help to cover accommodation and meals costs as well as other reasonable expenses," the airline said. In a statement, Jetstar said Ms Pali and her husband were due to have their expense claim paid by September 27. Image: A Current Affair

Travel Trouble

Unpaid and unequal: women’s extra workload affects mental wellbeing

Women do the bulk of unpaid domestic work globally and the added burden has an impact on their mental health – but surprisingly there’s little independent empirical research about this. Now, there is data, which shows the double burden of paid and unpaid work results in increased depressive or psychological distress for women as unpaid labour increases. Researchers at the University of Melbourne reviewed the evidence for the gendered nature of unpaid work and consequences for mental health among employed adults, <a href="https://www.thelancet.com/journals/lanpub/article/PIIS2468-2667(22)00160-8/fulltext" target="_blank" rel="noreferrer noopener">publishing</a> their results in Lancet Public Health. Public health researcher and lead author, Jen Ervin, says the research showed women were uniformly doing more unpaid work across every geographical and time setting. “What our review tells us is that, in addition to the economic penalty women experience carrying out most of the world’s unpaid labour load, there is a troubling mental health cost as well,” she says. While further research is needed, Ervin says the most widely acknowledged explanation for the impact on mental health is that the combined paid and unpaid workload triggers stress-related pathways. It also reduces time for activities known to be protective for mental health such as sleep, leisure and physical activity. The findings won’t come as a surprise to many, especially women, she says. Indeed. The study follows <a href="https://findanexpert.unimelb.edu.au/news/47524-yet-again--the-census-shows-women-are-doing-more-housework.-now-is-the-time-to-invest-in-interventions" target="_blank" rel="noreferrer noopener">census data</a> confirming (once again) that Australian women do more hours of unpaid housework than men. And <a href="https://cew.org.au/2022-cew-census-an-urgent-wakeup-call-ceo-gender-balance-100-years-away/" target="_blank" rel="noreferrer noopener">another report</a> this week commissioned by Chief Executive Women indicating caring responsibilities in the pandemic held back progress on women’s workforce participation and leadership. For what seems like an intractable problem, what can be done to change things? Ervin says, “we believe that policies such as universal childcare and normalising flexible working arrangements and extended paternity leave for men can help in shifting the dial and driving greater gender equality in the division of unpaid labour and unpaid care. <div class="newsletter-box"> <div id="wpcf7-f6-p205326-o1" class="wpcf7" dir="ltr" lang="en-US" role="form"> </div> </div> “Some of these measures will also aid and facilitate the harder task of shifting some of the outdated attitudes and beliefs around labour division.” It’s important to note many men are taking a more active role in childcare and housework. But men can be limited in doing so by factors such as inflexible workplace arrangements or social stigma, she says. The University of Melbourne research focussed on employed adults, the ‘double burden’ effect of combining paid work with unpaid work, and how this subsequently creates issues of overload and time poverty. It found substantial gender differences. Of the 14 studies reviewed for the article – totalling more than 66,800 participants worldwide – five examined unpaid labour (inclusive of care), nine examined housework time and, of these, four also examined childcare. Overall, in 11 of the 14 studies, women self-reported increased depressive or psychological distress symptoms with increasing unpaid labour demands. For men, only three out of a possible 12 studies reported any negative association. An aspect not captured in the current review, Ervin says, is the difference in the gendered allocation of household tasks. For example, men often do less-time-sensitive outdoor or maintenance tasks such as mowing the lawn or cleaning the gutters. These jobs aren’t as time-pressured as feeding a hungry child or driving them to an appointment. And while more difficult to measure, <a href="https://www.tandfonline.com/doi/abs/10.1080/13668803.2021.2002813?journalCode=ccwf20" target="_blank" rel="noreferrer noopener">other research</a> shows women are also often carrying more of the mental load of household labour. Unfortunately, Australia is lagging behind many other countries when it comes to key gender equality indicators such as unpaid labour division, Ervin says. This week a <a href="https://cew.org.au/2022-cew-census-an-urgent-wakeup-call-ceo-gender-balance-100-years-away/" target="_blank" rel="noreferrer noopener">report</a> commissioned by Chief Executive Women drew attention to the lack of progress made by Australia’s top companies in appointing women to leadership roles. The report, prepared by management consultants Bain & Company, says 73% of executive roles in ASX300 companies are held by men, and 85% of line management roles. The report says COVID-19 set back women’s workforce participation, as they took on the bulk of the increased caring responsibilities. This is consistent with <a href="https://findanexpert.unimelb.edu.au/news/47524-yet-again--the-census-shows-women-are-doing-more-housework.-now-is-the-time-to-invest-in-interventions" target="_blank" rel="noreferrer noopener">findings</a> from other University of Melbourne research showing the “catastrophic” impact of the pandemic on women’s lives, especially for mothers. Restrictions such as school closures and remote learning added to the domestic workload for everyone, but the gender gap remained. Women, more often than men, reduced their paid work to meet the increased demands. The Murdoch Children’s Research Institute also <a href="https://cosmosmagazine.com/health/mental-health-maternal-lockdown/" target="_blank" rel="noreferrer noopener">reported</a> maternal wellbeing was profoundly impacted by the pandemic, finding a third of women experienced clinically significant mental health problems during Victoria’s second lockdown, with ongoing fatigue and parenting stress. <img id="cosmos-post-tracker" style="opacity: 0; height: 1px!important; width: 1px!important; border: 0!important; position: absolute!important; z-index: -1!important;" src="https://syndication.cosmosmagazine.com/?id=205326&title=Unpaid+and+unequal%3A+women%26%238217%3Bs+extra+workload+affects+mental+wellbeing" width="1" height="1" /> <div id="contributors"> <a href="https://cosmosmagazine.com/health/womens-unpaid-work-and-mental-health/" target="_blank" rel="noopener">This article</a> was originally published on <a href="https://cosmosmagazine.com" target="_blank" rel="noopener">Cosmos Magazine</a> and was written by <a href="https://cosmosmagazine.com/contributor/petra-stock" target="_blank" rel="noopener">Petra Stock</a>. Petra Stock has a degree in environmental engineering and a Masters in Journalism from University of Melbourne. She has previously worked as a climate and energy analyst. Image: Getty Images </div>

Mind

Savings accounts or term deposits: where should you put your cash?

Whether you’re saving money for the short or the long term, choosing between a <a href="http://mozo.com.au/savings-accounts-" target="_blank" rel="noopener">savings account</a> or a <a href="http://mozo.com.au/term-deposits" target="_blank" rel="noopener">term deposit</a> should be a considered decision. The key differences between the two need to be balanced against your financial goals to help you decide which way to go. Access to your money –Term deposits lock your money away for a period of time starting at a minimum of one month and up to as long as several years. So make sure you won’t need to get your hands on your cash for a while. Savings accounts give you more direct access to your money but generally offer a lower interest rate than their term deposit counterparts. They let you take your money out when you need or want it. Interest rates –Savings accounts have variable interest rates, so they can change. Some rates are introductory so they’re only held for a certain amount of time, then they drop to a lower variable rate. Read the fine print to see if and when the rate changes, and to what amount. Some savings accounts give you bonus interest if you don’t make a withdrawal or you make a minimum monthly deposit. Be aware too that some accounts might reduce your interest if you withdraw too much or too often. Term deposits offer fixed interest for the length of your term. So once you’ve opened a term deposit, if rates go down, your money isn’t affected because the rates are locked in. Usually the longer the term you choose, the higher the interest rate on offer (although it’s not always the case). It’s worth keeping an eye out for special interest rate offers, too. Starting amounts –Term deposits generally have a minimum amount that you need to start with – often it’s at least $1,000. You can start a savings account from zero. Image: Getty Images Flexibility –Savings accounts let you add more money whenever you like. Term deposits generally don’t. Which suits –You need to ask yourself what your savings objectives are. Accessible cash for immediate requirements through a savings account is attractive but for longer-term objectives such as that trip or new car you’ve been eyeing off, the term deposit attracting higher interest and forcing you to refrain from dipping into your account will have you winning in the long run. If you open a term deposit, it’s good to maintain a savings account as well. That way you can keep adding to your savings and when you reach a certain amount, you’ve got the option of possibly starting another term deposit. If you’ve got enough for a term deposit now, shop around for the best deal. There are savings account and term deposit comparison websites which can help make this easier, but it’s also worth checking out different banks and other providers too.

Money & Banking

Surprising differences in how we use credit cards and cash

With more credit cards used by Kiwis than ever is definitely seems as though New Zealanders are addicted to the convenience of not having to pay with cash. But what is the impact of this on New Zealand consumer behaviour? Since the late 1990’s researchers have been interested in understanding the psychology behind credit card use, not least because of the proliferation of debt in the consumer market and the concern of the ease with which to gains these cards (and debt) preys on vulnerable consumers. A 1998 study conducted by George Lowenstein and his colleagues that was published in 2001 made the finding that payments with cash elicited quite a different emotional response to payments made with credit cards or any other payment methods where the actual payment is to a certain extent “delayed”. The suggestion is paying by traditional methods with cash requires a physical transaction that can be more painful than paying for something with credit, where you see a figure on the receipt but you’re not actually handing over a physical amount of money in real life. In another experiment as part of the project, Mr Lowenstein observed that people were willing to pay much more for a particular event with credit cards than with cash, with the premium ranging anywhere between 60 and 113 per cent more, which represents quite a significant difference. Similar research has also found people are more likely to spend money when given $50 in cash rather than $50 in a gift voucher, they were more likely to spend a higher proportion of that in the latter rather than the former, which is again probably because of the lack of physical exchange. So what does this mean for you? Well, if you’re looking to tighten your purse strings around the house, opting to make more purchases with cash might just be the best way to do it. By making your purchase with cash you’re statistically likely to be less likely to overspend and more mindful of the items you are actually buying, which could lead to significant savings down the track. Willpower can be hard, especially when shopping, but this is an easier way to make willpower happen. Image: Getty Images

Money & Banking

Three-time lottery winner reveals her secrets to cash in

A woman from the US has won her third lottery in five years, and while she has some tips and tricks up her sleeve, she insists her victories are still down to the luck of the draw. The 30-year-old stay-at-home mum recently won $100,000 off a lucky scratch ticket, according to Maryland Lottery officials. “I couldn’t believe it when I saw how much I’d won,” she told lottery officials, “I immediately called my husband and said, ‘We did it again.’” When asked by the lottery officials how she had managed to win for the third time, she said she had done her research. “We figure out which scratch-off games have been on sale for a long time but still have a lot of big-money prizes,” she said. The information that helped her win is available on the Maryland Lottery website. The $100,000 Lucky game, for example, debuted last September and still has more than 40 top prizes available. Still, the woman said there’s an element of luck, especially when it comes to choosing where to buy the ticket. She picked a certain convenience store in her town based on sheer intuition. “I knew that they sold a big-ticket a few weeks ago,” she said. “I hoped that there was still some luck hanging around there.” As for the prize money, the lucky woman says she’s putting it all in the bank for her children. Despite her repeated wins, she’s still in shock, saying, “This is as crazy as it was the other times. It’s unbelievable.” Image credits: Getty Images

Money & Banking

"Walk the rooms": Inside the house that Johnny Cash built

Johnny Cash's former home has hit the market, with the California property expected to sell for up to $1.8 million. Cash, who passed away in 2003 at the age of 71, shared the property with his first wife, Vivian Liberto, and the home is adorned with the relics of Johnny's love for music. The house features a wood-panelled recording studio, wall-mounted turn tables and a country motif living room. The artist reportedly built the 4,500 sq. ft. home in Casitas Springs, California, back in 1961 as an escape from his demanding lifestyle. Johnny and Vivian, along with their three daughters, spent six years in the homestead retreat, which was rumoured to be built to Cash's exact wishes. According to the listing agents of Douglas Elliman, "Johnny bought the land and built the house to his exact specifications, walking the rooms and deciding on exact placement and layout. He created a secluded sanctuary, unique to this rural small-town enclave. Longtime locals recount stories of Johnny setting up speakers on the hillside outside the house and playing concerts for the townspeople down below." Inside the five bedroom home, most rooms remain original to Johnny and Vivian's vision, with painted ceilings featuring a touch of glitter, an original wall-mounted turntable and intercom system, and curved brick fireplace in the family room. Despite a modern uplift in the his and hers suites, the property is undeniably Cash's with custom wood built-ins, exposed brick walls, natural wooden beams and a country motif living room. The grounds are equally mesmerizing with live oaks, verdant gardens, a sparkling swimming pool, and corrals and fields ready for horses, pigs, goats, chickens or other rural uses. Image credits: Douglas Elliman Realty

Real Estate

Prince Charles denies wrongdoing for reportedly accepting bags of cash

Prince Charles reportedly accepted a suitcase containing €1 million ($NZD 1.67 million) in cash from a Qatari sheikh in 2015, according to recent reports - and it is one of three payments that will be reviewed by the UK’s Charity Commission. According to The Sunday Times, the senior royal received a total of €3 million ($NZD 5.02 million) from Sheikh Hamad bin Jassim bin Jaber Al Thani, the former prime minister of Qatar, between 2011 and 2015. Clarence House has denied that there was any wrongdoing in Charles’ acceptance of the money as charity donations and said the money was “passed immediately to one of the prince’s charities who carried out the appropriate covenants and assured us that all the correct processes were followed”. On one occasion, Charles reportedly received €1 million in carrier bags from high-end grocer Fortnum & Mason. At another, in 2015, Charles accepted another €1 million in a holdall during a one-on-one meeting at Clarence House. Two advisors from the royal household reportedly counted the cash by hand, which was said to be made up of now-discontinued €500 notes, which earned the nickname “bin Laden” because of links to funding terrorism, per <a href="https://honey.nine.com.au/royals/prince-charles-denies-any-wrongdoing-over-bags-of-cash-claim/0face1c8-1ebb-4139-a91c-9c9aa0dee13c" target="_blank" rel="noopener">9Honey</a>. The money was understood to have been collected by private bank Coutts, with each payment being deposited into the accounts of the Prince of Wales’ Charitable Fund (PWCF). As the prince’s meetings with Hamad were private, they don’t appear in the Court Circular - the official record of court engagements - but they do raise questions about how much Charles knew about the cash and where it came from. Sir Ian Cheshire, the chairman of PWCF, said on Friday that “there was no failure of governance” in relation to the organisation receiving the funds. “At a few hours’ notice from The Sunday Times, we have checked into this event in the past, and confirm that the previous trustees of PWCF discussed the governance and donor relationship, (confirming that the donor was a legitimate and verified counterparty) and our auditors signed off on the donation after a specific enquiry during the audit. There was no failure of governance.” After confirming that he was referring to the 2015 payment, Sir Cheshire added: “I believe the same assurance applied to earlier donations and look forward to confirming that in due course.” Though there is no suggestion that the payments were illegal, a Charity Commission spokesperson said on Sunday that they will be reviewed by the Commission. “We are aware of reports about donations received by the Prince of Wales’ Charitable Foundation,” they said in a statement. “We will review the information to determine whether there is any role for the Commission in this matter.” It comes as London police continue to investigate a separate allegation that the prince’s top aide, Michael Fawcett, offered to help a Saudi billionaire secure a knighthood and British citizenship if he donated to The Prince’s Foundation, another of Charles’ charities. Fawcett resigned from his role as chief executive of the foundation in light of the allegations. “We are disappointed not to have been given more time to look into this matter, which dates from a decade ago,” Clarence House said in relation to reports from The Sunday Times. “In the few hours we have had on a Saturday, we have confirmed that Charitable donations were received from sheikh Hamad bin Jassim, and these were passed immediately to one of the prince’s charities who carried out the appropriate governance and have assured us that all the correct processes were followed.” Image: @clarencehouse (Instagram)

Legal

E.T. the Extra-Terrestrial at 40 – a deep meditation on loneliness, and Spielberg’s most exhilarating film

40 years ago this month saw the release of Steven Spielberg’s <a href="https://www.imdb.com/title/tt0083866/" target="_blank" rel="noopener">E.T. the Extra-Terrestrial</a> – a film about a stranded alien, the boy called Elliott who discovers it and a bond of friendship that remains as magical and heartbreaking as it did back in 1982. We think of Spielberg movies today as thrilling roller-coaster rides, full of sharks, dinosaurs and swashbuckling archaeologists. Yet for me, E.T. remains Spielberg’s most exhilarating work: a deep meditation on loneliness, friendship and growing up in small-town America. Aided by John Williams’s Oscar-winning score and Henry Thomas and Drew Barrymore’s touching performances, E.T. feels both of its time and for all time. As Spielberg <a href="https://www.contactmusic.com/pages/et2x21x03x02" target="_blank" rel="noopener">once said</a>: I think that E.T. is for the people we are, the people we have been and the people we want to be again. <h2>A child in need of a friend</h2> After the breathless trio of Jaws (1975), Close Encounters of the Third Kind (1977) and Raiders of the Lost Ark (1981), Spielberg wanted to make a more intimate film about his isolated childhood in suburban Arizona <a href="https://www.independent.co.uk/arts-entertainment/films/news/steven-spielberg-et-divorce-parents-anniversary-b2063879.html" target="_blank" rel="noopener">as he came to terms</a> with the divorce of his parents. At the same time, he had commissioned a script about a suburban family terrorised by a group of aliens with one befriending the family’s son. The DNA of both stories would make their way into this film. Like Spielberg, Elliott is a loner. He’s not playing sport, or going out with girls or getting into trouble. He is introverted and thoughtful. And in need of company. One of Spielberg’s great underrated talents is his direction of children. Many of his films feature young children at their centre – think The BFG (2016), A.I. (2001) and War Horse (2011). In E.T., Henry Thomas and Drew Barrymore as brother and sister Elliott and Gertie bring credibility and pathos to their roles, fitting seamlessly into the southern Californian ‘burb culture recreated so fondly by the director. Spielberg’s grasp of childlike wonder is everywhere: notice how he shoots from the children’s eye level and shows adults only from the waist down. For the first time in his career, Spielberg rejected storyboards and <a href="https://ascmag.com/articles/spielberg-et-the-extraterrestrial" target="_blank" rel="noopener">shot scenes chronologically</a>, allowing Thomas and Barrymore time and space to improvise. The domestic and school scenes (hiding E.T. from the mother, tempting it into the house with Reese’s Pieces, freeing frogs destined for dissection) all feel more real because of this. <h2>And what of our alien?</h2> Before E.T., Hollywood saw aliens as hostile critters intent on planetary carnage. The recent extra-terrestrials in Alien (1979) and The Thing (1982) had caused havoc and trauma. E.T. is different: partly modelled on the facial features of Albert Einstein, it is inquisitive, thoughtful, funny. In the delightful Halloween scene, Elliott throws a white sheet over it as a disguise, and E.T. suddenly spots a child dressed up as Yoda, excitedly repeating “Home! Home!”. From this moment, Hollywood realised the marketing potential of “cute aliens”; whether Ewoks, Grogu or Toy Story’s “Little Green Men”. It is small wonder that Variety <a href="https://variety.com/1982/film/reviews/e-t-the-extra-terrestrial-1200425287/" target="_blank" rel="noopener">praised</a> E.T. as the “best Disney film Disney never made”. The alien plays another role too: it fills the void of the absent father. Paternal lack and the strains it places on families is a familiar trope in Spielberg’s films, from Jurassic Park (1993) to Catch Me If You Can (2002) to Indiana Jones and the Last Crusade (1989). All we know is that Elliott’s father is “in Mexico, with Sally”: left behind is a stressed mother and bickering siblings. Some contend that E.T. is a <a href="https://www.jstor.org/stable/4239568?seq=1" target="_blank" rel="noopener">modern-day fairy tale</a> or <a href="https://www.nytimes.com/1982/08/15/movies/l-film-mailbag-is-et-a-religious-parable-073792.html" target="_blank" rel="noopener">a Christian parable</a>. For others, it is an illustration of “<a href="https://edoc.hu-berlin.de/bitstream/handle/18452/23096/9783631837801%20%E2%80%93%20Echoes%20of%20Reaganism%20in%20Hollywood%20Blockbuster%20Movies%20from%20the%201980s%20to%20the%202010s.pdf?sequence=1&isAllowed=y" target="_blank" rel="noopener">Reaganite entertainment</a>”, upholding the sanctity of the nuclear family but distrustful of bureaucratic interference and governmental surveillance. <h2>Spielberg at his best</h2> E.T. earned US$800 million at the box office. Adjusted for inflation, four decades on, that is still the <a href="https://en.wikipedia.org/wiki/List_of_highest-grossing_films_in_the_United_States_and_Canada#Adjusted_for_ticket-price_inflation" target="_blank" rel="noopener">fourth highest grossing</a> movie ever. For some naysayers, its success was further evidence of the special effects-laden, high-concept spectacle film that was beginning to reign in mainstream film culture. But I think E.T. is much more than that: it is a movie with a heart. The special effects are minimal. What counts is the story, and the boy and his friend. Spielberg’s films are to this day <a href="https://www.indiewire.com/2011/12/critics-notebook-putting-steven-spielberg-on-trial-50244/" target="_blank" rel="noopener">criticised</a> as mawkish and overly sentimental, deliberately engineered to cynically manipulate our emotions. Not so in E.T.: the pleasure is genuine and the tears are earned. E.T. became a pop culture phenomenon. The shot of Elliott and E.T. on a bike, flying across the moon, remains an iconic image. “Phone home” has become part of our lexicon. Its message of peaceful coexistence between creatures from different worlds today seems more appropriate than ever. Aliens stranded on earth are a staple of contemporary cinema, from Under the Skin (2013) to The Iron Giant (1999). And Netflix’s current global hit Stranger Things contains a treasure trove of E.T.’s visual references. Spielberg may have made bigger, louder films, and more historically profound ones, but E.T. endures as his best. This article originally appeared on <a href="https://theconversation.com/e-t-the-extra-terrestrial-at-40-a-deep-meditation-on-loneliness-and-spielbergs-most-exhilarating-film-183985" target="_blank" rel="noopener">The Conversation</a>. Image: Shutterstock

Movies

Man accused of stealing $16,000 from wedding functions

A man has been accused of allegedly gatecrashing eight weddings and stealing a total of $16,000 and other gifts. The 24-year-old Melbourne man pretended to be a wedding guest at eight events from between April 2 and May 22. He allegedly stole $16,000 cash, jewellery and gift cards from at least three of the events. Bride Kellee Pace said she felt violated when she found out that the man had allegedly stolen some of her and her husband’s gifts and even wrote in their guest book. "It was the best wedding he'd apparently ever attended and he was feeling awesome and lucky on the night, three quarters of our wishing well was missing," she told Nine News. "We definitely felt really violated, we were mingling with people and he was downstairs drinking in the bar and we had no idea he was even there." The wedding industry shared his photo around before he was spotted at a Macedonian wedding by wedding planner Jasmine Arapovic. "My dad then put him in a bit of a headlock to make sure he didn't try and escape before I could have a chat with the venue manager to get them to put him in a room." Police arrested the man and he was slapped with 27 charges, including aggravated burglary, burglary, theft and going equipped to steal. Police will allege they found jewellery and gift cards when they searched a property on Tuesday. He has been granted bail and will appear before Melbourne Magistrates' Court on October 18. Images: Nine News

Money & Banking

Bride charges extra for uninvited guests - but there's a catch

A bride has shared on a popular Reddit forum that she charged one of her wedding guests for bringing two uninvited children to the reception. "It was a small wedding at a small venue that has a strict capacity due to fire codes," the bride explained the reasoning as to why the guest list was strictly kept to invitees only. "One of my guests showed up with her two children, who were not invited, not in the RSVP, and obviously not in the seating chart." "She came in, decided to seat them at her table, taking away the spots of my other guests who were actually invited," the bride continued. "A small commotion broke out when she refused to give those seats back, and the venue manager noticed and said that we'd be charged a fine for exceeding capacity, as stated in the contract." The bride says when she got the bill for the reception, which included the costs of the uninvited children, she sent it to the guest and asked that she pay. "She claimed that it is not her fault, and that I should have factored in unforeseen charges when budgeting for my wedding," the bride said of the guest's response. "And she couldn't find a babysitter, so she had no choice, and that I should be grateful she took the effort to attend my wedding anyway." Reddit users quickly sided with the bride, but there were some responses that had added nuances. "Your ex-friend is [the asshole]. Drop her like a hot potato," one user declared. "She definitely had a choice – she could have stayed home with her two kids. There shouldn't be unforeseen charges at a wedding, especially not ones involving people that were NOT invited. One user, however, said the bride had some responsibility for how the situation played out. "You should have kicked her out when she showed up with [plus two]," they wrote. "You let one guest take two other guests' seats. When a 'commotion' started, you should have booted her and the kids." Image: Getty

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Bold idea sees hotel offer thousands in cash back if it rains

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Obese woman sparks debate for not giving up extra seat for toddler

Should I put more money into my super? What are the benefits and can I take it out before retirement if I need it?

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Parents leave baby at airport counter after refusing to buy extra ticket

Chokepoint Capitalism: why we’ll all lose unless we stop Amazon, Spotify and other platforms squeezing cash from creators

Seven simple ways to save money now!

“Goodbye Little Darlin’”: Johnny Cash fan snaps up singer’s former home

Stranded opera singer busks to earn cash after cancelled flights

Unpaid and unequal: women’s extra workload affects mental wellbeing

Savings accounts or term deposits: where should you put your cash?

Surprising differences in how we use credit cards and cash

Three-time lottery winner reveals her secrets to cash in

"Walk the rooms": Inside the house that Johnny Cash built

Prince Charles denies wrongdoing for reportedly accepting bags of cash

E.T. the Extra-Terrestrial at 40 – a deep meditation on loneliness, and Spielberg’s most exhilarating film

Man accused of stealing $16,000 from wedding functions

Bride charges extra for uninvited guests - but there's a catch

News

Shop

Catalogues

Travel

Health

Lifestyle

Finance

Entertainment

Property

Information

Keep up to date

Search

Bold idea sees hotel offer thousands in cash back if it rains

12 super simple ways to save some cash

Obese woman sparks debate for not giving up extra seat for toddler

Should I put more money into my super? What are the benefits and can I take it out before retirement if I need it?

5 super simple ways to save cash for retirement

Ways you’re wasting money without knowing it

Parents leave baby at airport counter after refusing to buy extra ticket

Chokepoint Capitalism: why we’ll all lose unless we stop Amazon, Spotify and other platforms squeezing cash from creators

Seven simple ways to save money now!

“Goodbye Little Darlin’”: Johnny Cash fan snaps up singer’s former home

Stranded opera singer busks to earn cash after cancelled flights

Unpaid and unequal: women’s extra workload affects mental wellbeing

Savings accounts or term deposits: where should you put your cash?

Surprising differences in how we use credit cards and cash

Three-time lottery winner reveals her secrets to cash in

"Walk the rooms": Inside the house that Johnny Cash built

Prince Charles denies wrongdoing for reportedly accepting bags of cash

E.T. the Extra-Terrestrial at 40 – a deep meditation on loneliness, and Spielberg’s most exhilarating film

Man accused of stealing $16,000 from wedding functions

Bride charges extra for uninvited guests - but there's a catch

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