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This week’s episode of Talking Business features an interview with Craig Scroggie, vice-president and managing director for the Pacific of Symantec, the world’s largest data security company. Mr Scroggie talks about the changes that technology has wrought on the world, the opportunities it has brought for business, education, healthcare, entertainment and individuals and the growing criminal practices – fraud, identity theft and more – that lurk in its darker corners and threaten us all.
In this week’s podcast: Garry and Leon talk about the RBA holding interest rates at 4.5%. Despite that, evidence suggests that inflation is building a head of steam and economists expect interest rates of 5% by the end of the year. Plus, more on housing prices, the mining boom, and Optus’ advantage over Telstra.
RMIT economist Alberto Posso looks at the rapid increase in over-65-year-olds, which is three times more than the increase in younger people. He says this will put pressure on dependency ratios and economic growth. He says cuts to immigration are bad for the economy because they will put further pressure on dependency ratios.
For about US$400, almost anyone can buy appropriate scripts and after about four hours of working through the instructions, be fully set up as a cyber criminal. Scary stuff.