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The Labor Department said Tuesday that consumer prices increased 0.3 percent last month. Much of that rise stemmed from energy, housing and prescription drugs. Energy costs surged 2.9 percent in September as oil and gasoline prices rebounded from recent lows. Previous price declines still mean that gas costs 6.4 percent less than a year ago.
The federal government is hoping to reform the Australian data system, in May announcing it would be investing AU$65 million on initiatives such as the country's new Consumer Data Right (CDR), which will allow individuals to "own" their data by granting them open access to their banking, energy, phone, and internet transactions, as well as the right to control who can have it and who can use it. The Australian Competition and Consumer Commission (ACCC) has been charged with oversight, specifically responsible for rule-making, consumer education, and eventually the enforcement of the CDR. The ACCC is now seeking feedback from consumers, businesses, and community organisations on the approach it should take regarding setting up the CDR rules. "It is important to the success of the Consumer Data Right regime that consumers, businesses, and stakeholders have transparency over the ACCC's approach in setting up these detailed rules," ACCC Commissioner Sarah Court said. "The overarching principle the ACCC will take is to implement the Consumer Data Right in a way that provides benefits to consumers, without compromising data security," The first sector of the Australian economy to which the CDR is to be applied is the financial services sector, through an Open Banking regime.
There have been home recycling units with a scanner on them before, but this is the first recycling system we've seen that focuses on retail and commercial uses. The idea here is for consumer brands (think Coca Cola or Pepsi) or food outlets to sponsor a "smarter" recycling point to both reinforce a brand's customer engagement as well as keeping more recyclables from the landfill. "Consumer brands are coming under increasing pressure from the government, lobby groups and consumers like you and me, to take responsibility for the end-of-life of their products." "The smarter recycling system gives a brand a real reason to be in contact with the consumer while showing a commitment to make a positive impact."