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Veteran retailer Gerry Harvey is astounded by the âheap of moneyâ the big-spending budget will direct into the economy and retail chains like his.
The Harvey Norman chairman, who expects to benefit from new spending on office furniture and technology, said he had ânever seen money thrown around like thatâ.
Harvey Norman chairman Gerry Harvey: â$1 trillion in debt (is) not regarded as a big deal any more.â
Â
Janie Barrett
âTheyâve thrown a heap of money at us,â he said. âObviously weâre stimulating the economy with these latest handouts. Itâs just extraordinary . and it seems to be happening in other countries as well â there seems to be this worldwide view you throw money at stuff.â
VIDEO: Thousands of new trucks sitting useless due to global parts shortage Share Updated: 9:24 PM EDT May 6, 2021 John London Share Updated: 9:24 PM EDT May 6, 2021
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Show Transcript A CLOSER LOOK AT ALL THIS. GOOD THING THERE ARE NO SOCIAL DISTANCING RULES FOR TRUCKS. SKY 5 DRONE VIDEO SHOWS YOU HOW THEY’RE PACKED TIGHTER THAN ROSA TOBACCO AT THE KENTUCKY SPEEDWAY NEAR SPARTA. IT’S A SPRINGTIME STOCKPILE OF SUPER DUTY PICKUPS VISIBLE FROM 71 GLEAMING WITH SUNLIGHT A SILENT SYMBOL OF AN INDUSTRY DILEMMA A GLOBAL MICROCHIP SHORTAGE IS HAVING MACRO IMPACT ON FORD TRUCKS LIKE THE ONES HERE THAT WERE BUILT IN LOUISVILLE MULTIPLE. THOUSANDS ARE TEMPORARILY STORED HERE UNTIL WELL SOMEBODY PLEASE PASS THE CHIPS. IT’S LIKE WITH THE SEMI TRAILERS OVER THERE. I GUESS THE SPEEDWAYS TURNED INTO A PARKING LOT. USUALLY THE PROCESS IS BUILD THEM SHIP THEM. TO THE DEALERS SELL THEM. AT HARCUM HERE AND WAIT JOHNNY HOLT IS A TRUCK
M&A boom hits record level in dash for deals
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Deal-making in Australia is running at the hottest pace on record in a burst of activity powered by cheap money and the fallout from the pandemic.
The 447 transactions executed in the first four months of the year - where the target was an Australian company - accounted for $50.5 billion in deal value, the highest amount on record stretching to 1980, according to figures prepared for
The Australian Financial Review by data provider Refinitiv.
Deals where the acquirer or target was Australian - a broader measure that includes local businesses and investors buying foreign companies - reached 576 transactions worth $69 billion, the most in dollar terms since 2007.
Anglo African Agriculture PLC - Result of AGM
PR Newswire
Anglo African Agriculture plc
At the Annual General Meeting (
AGM ) of Anglo African Agriculture plc (
AAA or the
Company ) held earlier today, 5 May 2021, all resolutions were duly passed. These were as follows:
To receive the accounts for the period ended 31 October 2020, together with the report of the directors and auditors.
To re-elect Matthew Bonner as a director.
To re-elect Andrew Monk as a director.
To re-appoint Jeffreys Henry LLP as auditors of the Company.
To authorise the directors to determine the auditors remuneration.
To approve the directors remuneration report.
To authorise the directors to allot shares.
Councillors and farmers John Douglas and Margie Ruddenklau voted against the motion. Eighteen Southland towns have sewerage schemes and the full sewerage charge would reduce by $115 per rating unit, but many farmers do not have sewerage connections. In practical terms, a Tuatapere residential ratepayer, with a capital value of $125,000, will pay $108 less than they would have. That ratepayer’s hike will be four percentage points less than previously expected, from a 19 to a 15 per cent rise. The council is looking to increase its rate take to pay for an extensive bridge replacement programme and other ageing infrastructure. Under the money redistribution move, a Te Anau residential ratepayer with capital value of $510,000, will save $86 on what had previously been proposed; from 10 per cent to a 15 per cent rise.