ALL KILLER, NO FILLER; FROM SMARTPHONES TO ‘DUMBPHONES’

ALL KILLER, NO FILLER; FROM SMARTPHONES TO ‘DUMBPHONES’

ALL KILLER, NO FILLER 

Michelle Bullock appears keen to kickstart a new trend of straight talking among central bankers, judging by the plaudits she won from market watchers, economists, and business journalists for giving frank answers during her inaugural press conference as RBA governor this week. 

“This kind of frank Q&A is exactly what we’ve been missing. It’s reminiscent of how Janet Yellen conducted herself as Federal Reserve chairman. All killer no filler,” UNSW economics professor Richard Holden  gushed, while The Australian’s associate business editor Eric Johnston noted Bullock’s frankness could cause a few headaches for pollies given she “tells it like it is, even when many people aren’t going to like the message”. 

Some observers suggest that Bullock’s fresh approach has been aided by the arrival of Sally Cray and David Bold in the RBA’s comms depart, both of whom held senior comms roles at the Bank of Queensland and before that with former PM Malcolm Turnbull. 

FAKE NEWS 

Aussies are struggling at spotting fake news and AI-generated content. 

The BBC Global Minds Survey found that only 18 per cent of Australians feel confident they have never fallen for a fake new story. 

Due to mistrust, 83 per cent of Australians regularly use a secondary source to verify news stories if they come from an unfamiliar source.  

The survey found that mainstream international media organisations are considered the most reliable sources of accurate news stories (72 per cent). In contrast, news aggregators (11%), social media (3.2 per cent) and celebrities (0.40 per cent) are seen as the least trustworthy. 

FROM SMARTPHONES TO ‘DUMBPHONES’ 

Do you ever feel like you’re a little too connected to the digital world? You aren’t alone.  

While smartphone ownership sits at a staggering 98 per cent of the adult population, more Australians are finding themselves caught by sticky social media apps and are looking for ways to reduce their daily screen-time. 

It’s no surprise that many people are now searching for traditional alternatives, such as the old-school ‘flip’ and ‘brick’ phones, to help them to disconnect.  

Nicknamed ‘dumbphones’, consumers told ABC News the alternative has helped improve their mental health, productivity and connection to family and friends.  

Maybe we should all invest in a 1990’s alternative.  

MCDONALDS COMMITS TO CHINESE DOMINATION 

Following a bumper year of sales growth, Bloomberg revealed that the world’s most recognisable fast-food chain plans to open 1,000 new restaurants in China by the end of the year.  

The famous golden arches will predominantly target lesser-known Chinese cities amid ongoing inflationary and cost-of-living pressures that are making cheap fast-food more appealing.  

Emphasising its commitment to the South Asian market, the company said it plans to have 10,000 Chinese-based restaurants in its portfolio by the end of 2028.  


Feel free to share these updates with colleagues or friends. They can sign up here to receive our daily newsletter.