10 things you need to know this morning in Australia

The worst over ever. The best over ever. Picture: Getty Images

Good morning.

1. This is amazing. More than 11 million documents held by the Panama-based law firm Mossack Fonseca were leaked to German newspaper Suddeutsche Zeitung. The paper shared the information with the International Consortium of Investigative Journalists (ICIJ) — which is made up of 107 media organisations in 78 countries. And after a year-long investigation, it looks like we now know where 140 political figures — including 12 current of former heads of states — hide their cash. For starters, how’s the president of Ukraine, the king of Saudi Arabia and the prime ministers of Iceland and Pakistan? But the real juice is coming from close aides of Russian president Vladimir Putin, who “secretly shuffled as much as $2 billion through banks and shadow companies”.

2. While we’re on it, ever wondered how much money all the different types of doctors actually make? Here’s the top 10:

Image: Business Insider / Dragan Radovanovic

The full list is here. At least your pills are getting cheaper – the feds added 400 medicines to the Pharmaceutical Benefits Scheme last year, and scripts for them are dropping by as much as $20 apiece.

3. Where’s the bounce? It’s just not happening on the ASX, and it’s all the banks’ fault for not being better at making even bigger piles of cash. The ASX 200 is down 4.16% since the mid-March high of 5,216. But a Reuters poll has 10 strategists thinking it will rise to 5,300 by mid-2016 and 5,500 by year’s end, and futures were up Friday night after a solid US non-farms payroll print has US stocks rallying.

4. Unlike the Aussie dollar, which isn’t struggling at all. Now’s a good time to start thinking about converting your battlers to pounds and booking a UK holiday, because you’ll get 54 pence per dollar compared to 45 pence just six months ago. That’s partly because the UK’s actually seriously considering about a Brexit, according to the latest polls.

5. Data could help. Greg McKenna reckons it’s a huge week for markets and traders, with the RBA rates call tomorrow. Before that, Oz retail sales and building approvals are out today. UnZed’s dairy auctions Tuesday is always a biggie, China’s got PMIs Wednesday and Janet Yellen’s back, Friday. Here’s McKenna’s diary of all you need to know about the week ahead.

6. Data didn’t help Telstra yesterday. So many people tried to download a thousand gigs of hi-res binge-fodder, it’s Free Data Day couldn’t handle the traffic. Well, it couldn’t after Telstra throttled its network.

7. In Australia, you could go to prison for this:

But in Mexico, everyone’s cool with it, especially the grey whales that come in for a scratch under their chin. Now all you have to do is find the “secret lagoon”.

8. Work less, live more. BI US scribe Shana Lebowitz was asked to cut back her work hours for two weeks, just to see what happened. So instead of working from 9am to 6pm and reading a work-related book during lunch, she worked from 9am to 5pm and took a half-hour lunch break. And surprise! Same output, same extremely high performance level. But here’s why she was so happy when the experiment was over and she could go back to working a longer day.

9. He wants to grow old with you. Everyone knows one dog is about the sme as seven human years. But not everyone knows about a drug called rapamycin. You might, if the University of Washington is allowed to push on with a study of hundreds of mutts after early testing showed rapamycin could extend a large dog’s life by up to three years.

10. You’ve probably read everything there is to read about René Redzepi’s Noma opening up at Baranagaroo. But the story about how he made it happen is long, fascinating and beautifully told here by Tienlon Ho and Mark Mahaney, from California Sunday. Do yourself a favour.

BONUS ITEM: How fantastic was it was watching the Windies belt four sixes in a row to win the T20 World Cup final? Mainly, because it was against England. But better, it was a Kiwi bowling the worst last over in cricket history:


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