Growing

Australia should brace for a wave of business failures and growing mortgage stress, the RBA warns, as support measures fall away


Australia’s central bank expects the number of small business failures will “rise substantially” as income and loan pressure builds.

With income support measures and more than $200 billion in loan deferrals set to expire, the Reserve Bank of Australia (RBA) says between 10% and 15% of businesses in hard-hit sectors won’t make it as they run out of cash.

“These businesses are in a tenuous position and are particularly vulnerable to a further deterioration in trading conditions or the removal of support measures,” the RBA wrote in its Financial Stability Review published on Friday.

“Survey evidence indicates that about one-quarter of small businesses currently receiving income support would close if the support measures were removed now, before an improvement in trading conditions.”

While the RBA acknowledged there was “a high degree of uncertainty about the magnitude and timing” of those failures, the prognosis doesn’t look good.

For one, the number of business insolvencies has been suppressed since March as the government allowed owners to continue operating despite mounting debts.

While helpful at the time, various groups have warned that all that may do is create a business blowout further down the line, that will have even larger ramifications as owners scramble to settle with their creditors.

So too will $200 billion in loan deferrals need to be dealt with by January. It’s telling that even with that option, the RBA notes that commercial vacancies are rising and especially for retail businesses.

“Retail vacancies rose sharply over the first half of 2020. The biggest increase has been in central business districts (CBDs), where vacancy rates have risen to over 10%,” the RBA wrote.

“Further increases in vacancy rates are likely and department stores have accelerated planned closures.”

All of this will have greater consequences for Australian workers, who face the growing

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Defense Contractors Reap the Benefits of a Growing Military Budget

FinancialBuzz.com News Commentary

NEW YORK, Oct. 8, 2020 /PRNewswire/ — According to data compiled by Strategic Defence Intelligence, the U.S. spent over USD 639 Billion in 2018 for its defense budget. By 2023, the U.S. defense expenditure is expected to reach approximately USD 742 Billion while growing at a CAGR of 1.98% during the forecast period. The current presidential administration is friendly to the military and defense contractors and promotes the stance on increasing military defense spending. Additionally, the Department of Defense spending is set to grow by 9% in 2018 from the year prior, Blackrock said in a blog post. “The 2019 National Defense Authorization Act was passed at its swiftest pace in 20 years, up to USD 717 Billion (a 12% increase from 2017). Even after the 13% quarter-to-date decline in the Dow Jones U.S. Aerospace & Defense Index (as of October 29th), the industry group is still up 46% since 2016 Election Day and remains the purest way to play any change in defense spending outlook,” Blackrock said. Defense Metals Corp. (OTC:  DFMTF) (TSX-V: DEFN), Lockheed Martin Corp. (NYSE: LMT), Raytheon Technologies Corporation (NYSE: RTN), The Boeing Company (NYSE: BA), General Dynamics Corp. (NYSE: GD).

As a percentage of GDP, the U.S.’s defense expenditure is expected to be approximately 3.1% during the same period. While the United States holds the largest budget for defense technology, it is also the largest exporter of defense equipment in the world. The U.S. are also expected to continue to remain the largest importers, due to increased defense budgets in allied countries such as Saudi Arabia, UAE, Turkey, India, South Korea, Singapore, the U.K. and Japan. “What changes are likely in military technology over the next 20 years? This question is fascinating on its

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Growing the right herbs adds flavor and spice to the garden and the kitchen

Carol Cloud Bailey, Special to TCPalm
Published 10:30 a.m. ET Oct. 7, 2020

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John Coykendall of Blackberry Farm gives us his top picks—and shares the most common herb-gardening mistake.

Time Food & Wine

Herb gardening is a popular pursuit. Many gardeners and cooks have at least a few pots of herbs sitting around. What if this year, you plant a portion of the veggie garden, a new landscape bed, or several large containers with herbs?

Herbs add flavor and spice, pun intended, to our kitchens and gardens. They have many uses from the well known seasoning to infused vinegar for salads and household cleaning to tinctures and homemade incense. Some even attract butterflies. Planting and growing herbs is satisfying and productive.

The procedure for growing herbs is akin to growing vegetables. Wherever there are six to eight hours of sun and a source of water, herb gardens can be installed. For container gardens, just about any container can be used to grow herbs if it has drainage, let your imagination go. The soil should be fresh and clean and well drained. A 40-pound bag of potting soil is a quick way to set up a garden Just cut a few holes in the bottom and the bag will grow an herb garden. One full of fennel, parsley, and garlic chives is as useful to butterflies as it is to your kitchen.

For in-ground gardens, full sun and good drainage are best. The garden can be set up in traditional garden rows or employ a more intricate planting scheme such a complex herb knot garden. Check out the Herb Society of America and the University of Florida’s gardening page on herbs for more information.

Here are a few tips, tricks, and ideas about individual herbs and growing herbs to get

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The Growing Importance Of The Home For Young Consumers

A new report by youth marketing experts YPulse titled “No Place Like Home” provides significant new insights on how the Covid pandemic has changed how Gen Z and Millennials view the homes. The following statement summarizes key findings: “As young people look to their spaces as mental health retreats, at-home items and services that comfort, declutter, or foster a feeling of escape that from the outside world will resonate.”  The opportunities for marketers are clear and will be elaborated on below.

YPulse previously observed that millennials have homebody tendencies, with a majority preferring to go to a  café or watch Netfix at home as opposed to going to a party on a Saturday night. A recent survey confirms that this sentiment was present even prior to the pandemic, with, “…67% of 19-37 year olds telling YPulse in January this year that they would rather stay in on the weekends than go out.”

Both millennials and GenZ (widely regarded as the most stressed out generation in history) are seeing the home as a refuge from the outside world, as many have felt stressed by issues such as climate change, the 2008 recession, student debt, and now Covid-19. 

YPulse and it’s Vice President for Content, MaryLeigh Bliss predict three major trends pertaining to young people and attitudes toward home going forward that are worth looking at and considering into how they affect marketers. They are:

1)     Shifts in How Young People Use Their Homes Will Create Opportunity For Marketers

With a strong majority of Millennials and GenZ having the goal of owning a home, how they use that home will be of interest to markets in many product categories. YPulse points out several Covid-related shifts

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Global Tiny Homes Market – Actionable Research on COVID-19 | Growing Expenditure on Cost-efficient Homes to Boost the Market Growth

LONDON–(BUSINESS WIRE)–Sep 30, 2020–

The global tiny homes market size is poised to grow by USD 5.80 billion during 2020-2024, progressing at a CAGR of almost 7% throughout the forecast period, according to the latest report by Technavio. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. Download a Free Sample of REPORT with COVID-19 Crisis and Recovery Analysis.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200930005634/en/

Technavio has announced its latest market research report titled Global Tiny Homes Market 2020-2024 (Graphic: Business Wire).

Tiny homes are the most affordable housing systems and are preferred by millennials. The high cost of conventional homes is influencing the popularity of tiny homes among consumers. Moreover, the rising cost of living, coupled with spurring interest on home loans, has prompted consumers to opt for affordable housing. With the growing competition and customer demand for innovative products, vendors are increasingly focusing on improving their research and development operations. Millennials and baby boomers account for the significant share of the population who prefer homes that are energy-efficient and have a low maintenance cost. The growing customer expenditure on cost-efficient homes will subsequently influence the growth of the global tiny homes market during the forecast period.


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Report Highlights:

  • The major tiny homes market growth came from mobile tiny homes segment. The demand for mobile tiny homes, which are cost-effective, is increasing because of the high real estate investment in conventional homes. The demand is mostly among the youth who cannot afford an expensive conventional property and among the