10th May 2017 Morning News Wrap

budget

M68!: Morning News Wrap. From around the Globe to your Frontal Lobe. Good Morning. Here is the News:

Federal Budget delivered last night. Here are the majors:

Drug testing of 5000 welfare recipients in three locations to begin immediately….if they test positive they will be put on cashless welfare payments.

Budget repair levy put on banks. Expected to raise $6 billion. Apparently they will not be allowed to pass on this levy to customers but we all know how sneaky banks are….And glad I don’t own any bank shares.

Medicare levy to increase in 2019 by 0.5%.

Budget back in surplus by 20/21.

Saving for your first home is given assistance as people can salary sacrifice into their super and then use that money as a house deposit.

Schools spending increased by $11 billion over 10 years.

Uni students will pay more for their degrees. And they will have to pay back the debt sooner with the income level where they start paying the Govt back dropped to $42,000. I think it used to be $56,000.

If you are a foreigner and you want to own a house here…..it just suddenly got a lot harder.

Foreign Aid Budget cut but an increase of $370 million to help solve the homeless problem in Australia.

Price of Bananas and Avocados set to rise due a new levy.

Bill Shorten says that it’s a budget for millionaires….he would know….he is one.

Gastro outbreak at a Melbourne Hospital….Not budget related.

Perth Lord Mayor found guilty of misconduct.

Body found inside an Adelaide house post a fire.

More than 50 people hurt as car bomb explodes outside a Thai supermarket.

Jailed US Football star who was charged with murder….has committed suicide…..and now has been cleared.

Wall Street down 36 points.

Girl dies in the UK in a River Rapids ride like the one at Dreamworld.

Cambodian UN Peacekeeper killed in Africa.

South Korea to Moon North Korea…..Sorry I meant to say the new South Korean President Moon wants to cut tensions between North Korea

Fact of the Day: Chuck Norris tells Simon what to do.

Have an amazing Wednesday. Remember you have the power within you to change the world….go and be kind.

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