The Latest Breaking News from Lyn Morgain

Aussie Billionaires Made $67,000 An Hour In 2024, Damning New Report Finds

"Money desperately needed in Australia and abroad to tackle social issues such as access to housing and to respond to worsening humanitarian emergencies, is being siphoned off to the bank accounts of the super-rich."

Pedestrian.tv · Jan 20, 2025

Australian billionaires make $67,000 an hour, Oxfam says in call for tax on super-rich

Analysis shows local billionaire wealth rose by 8% last year, meaning tycoons such as Gina Rinehart make 1,300 times more than average person’s pay

The Guardian - AU · Jan 20, 2025

Australia’s biggest companies made nearly $100bn in ‘crisis profits’ amid Covid and Ukraine war

Oxfam analysis finds Woolworths, Hancock Prospecting and NAB among companies to rake in much higher profits off the back of crisis conditions

The Guardian - AU · Jun 18, 2024

Naughty or nice? Retailers named and shamed ahead of Christmas shopping rush

Retailers have been named and shamed ahead of the Christmas rush for failing to fess up about conditions for workers in their supply chains.

The New Daily · Nov 23, 2022

Australia is funding just one-tenth of its fair share of global climate action, study finds

Wealthy high-polluting countries to face growing calls from poorer nations to help cover cost of extreme weather and sea level rises

The Guardian - AU · Sep 14, 2022

Oxfam report says Australian billionaires and world's richest men have doubled wealth during pandemic

Oxfam urges governments to consider a 99 per cent, one-off tax on the COVID-19 wealth gains, as its new report reveals that while 99 per cent of humanity is now worse off, "billionaires have had a terrific pandemic".

ABC News · Jan 17, 2022