International stock markets reacted badly to the news that US house sales have plummeted to the lowest rate in a decade. The news has heightened simmering tension about the global economy and the possibility of recessions around the world. Sales of existing homes were down over 27% in July in the US, compared with the previous month.
Australian Senate votes for two separate inquiries into aged care reform
The Senate has voted to establish two new Senate inquiries into the Government’s historic aged care reforms, rollout out on the weekend after years of preparation, amid concerns they will not deliver for older Australians.