Podcast Summary
Inflation challenge and economic damage prevention: The government and Reserve Bank are under pressure to lower inflation without causing economic harm. Qantas reported a decrease in profits, and various news stories made headlines, including a baby's injury from hot coffee, the Paralympics, football signings, and tennis success.
The economy is facing a significant challenge with inflation, and both the government and the Reserve Bank are under pressure to address it without causing harm. Meanwhile, various other news stories made headlines, including Qantas' lower profits, a baby's serious injury from a hot coffee attack, the Paralympics' upcoming competition, football signings, and a tennis player's grand slam success. The Treasurer, Jim Chalmers, emphasized the importance of lowering inflation while avoiding economic damage. Qantas reported a 16% decrease in profits for the financial year. A baby suffered severe burns from a random man throwing hot coffee at him in a park. The Paralympics are set to begin, and the Giants are expected to win against the Storm, who are resting several key players. The tennis player, Ozzy Alexi Popron, achieved his best result at a grand slam by making it to the U.S. Open third round. The football player, Taylor Walker, has signed a one-year extension with the Crows and is prepared to take breaks as needed. North Queensland can secure a home final by beating the Storm, who are resting several players. Mark Ey, a league legend, believes they can do it. The Cowboys have won their last two games against the Storm by over 20 points.