Why is the NBA’s salary cap so high?

Fox Sports’ Mike Boland has a theory as to why the NBA salary cap is so high.Boland: There’s no question about it, it’s going to be a long time before the salary cap hits that amount of money.It’s just going to take a while to get there.NBA.com: The salary cap increased by about $3.8 million […]

Australian dollar loses ground after Federal Budget

The Australian dollar fell sharply against the greenback on Monday as the Federal Budget delivered more pain for the economy.Key points:The Reserve Bank announced the first decline in the country’s inflation target in six monthsOn the front pages of newspapers the news was greeted with shock and outrage, with the Australian dollar falling to a […]