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Berkshire cash hoard scores another record as earnings gain

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The firm’s cash pile increased to $US189 billion ($290 billion) at the end of the first quarter, topping the record it set at the year’s end.

The federal government will slash more than three million Australians’ student debt to make amends for the crushing 2023 indexation hike. Education Minister Jason Clare on Sunday announced the government would cap the Higher Education Loan Program indexation rate, eliminating about $3 billion of student debt. The capped rate would ensure indexation matched either the Consumer Price Index or Wage Price Index – whichever was lower – after Australians were slugged a student debt increase of 7.

“We are doing this, and going further.” All HELP debts that were indexed in 2023 and would be subject to indexation on June 1, 2024, would get an indexation credit, the government said. A person with an average HELP debt of $26,500 would have about $1200 cut from their outstanding loans this year under the change, pending legislation passing. The credit for someone with $130,000 in student debt would be almost $5900.

 

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Berkshire cash hoard scores another record as earnings gainThe firm’s cash pile increased to $US189 billion ($290 billion) at the end of the first quarter, topping the record it set at the year’s end.
Source: FinancialReview - 🏆 2. / 90 Read more »

Berkshire cash hoard scores another record as earnings gainThe firm’s cash pile increased to $US189 billion ($290 billion) at the end of the first quarter, topping the record it set at the year’s end.
Source: FinancialReview - 🏆 2. / 90 Read more »

Berkshire cash hoard scores another record as earnings gainThe firm’s cash pile increased to $US189 billion ($290 billion) at the end of the first quarter, topping the record it set at the year’s end.
Source: FinancialReview - 🏆 2. / 90 Read more »

Berkshire cash hoard scores another record as earnings gainThe firm’s cash pile increased to $US189 billion ($290 billion) at the end of the first quarter, topping the record it set at the year’s end.
Source: FinancialReview - 🏆 2. / 90 Read more »