What a Car Accident Taught Me About Australia’s Secret Business of Debt

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Australia's personal debt is the highest in the world

Image of the car Royce crashed into from insurance company paperwork. Supplied by the author

A car accident in 2018 sent journalist and formerly uninsured motorist Royce Kurmelovs headfirst into a painful and personal journey into Australia’s relationship with debt. In this extract from his new book Just Money, Kurmelovs reflects on an economic generation gap… as he breaks the news to his mother.

It was the week before Mothers’ Day, a chilly Sunday morning in autumn, and I had caught the train out to meet Mum for lunch. The Italian continental deli was mostly empty and as I was the first to arrive I picked a table at the centre of the dining area. The coffee was good.

When I broke the news, the woman sitting opposite me reacted in the way I imagine all mothers do when their child tells them about a recent arrest and pending

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Has Atlas Air Worldwide Holdings (AAWW) Outpaced Other Transportation Stocks This Year?

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Investors focused on the Transportation space have likely heard of Atlas Air Worldwide Holdings (AAWW), but is the stock performing well in comparison to the rest of its sector peers? One simple way to answer this question is to take a look at the year-to-date performance of AAWW and the rest of the Transportation group’s stocks.

Atlas Air Worldwide Holdings is a member of the Transportation sector. This group includes 141 individual stocks and currently holds a Zacks Sector Rank of #12. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.

The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the

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