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Botulism Scare: New Zealand Government to Pass Inquiries Bill to Expedite Inquiry, Nutricia Vows to Restore Consumer Trust [VIDEO]

The New Zealand government is bent on passing an almost forgotten bill through Parliament to expedite the government's inquiry into Fonterra's milk contamination scare. The move to fast-track the Fonterra investigation involving food safety practices follows after three other inquiries on the same botulism scare incident which led other countries like China to issue a temporary ban on some of New Zealand's dairy products that left the nation losing out on millions of dollars in export r...

Tony Abbott Accused of Buying Fake Twitter Accounts; "Suppository of Wisdom" Speech Butt of Political Jokes [VIDEO]

Aspiring Prime Minister and Opposition Leader Tony Abbott was accused of buying thousands of followers on popular social media site, Twitter. Since June 18, the Coalition’s bet for Prime Minister of Australia in the coming September 7 elections received a 50 percent increase in the number of Twitter followers. Meanwhile, Tony Abbott attracted the attention of world media as the election campaign in Australia heats up. In a meeting with the conservative party supporters, the Oppositi...

Australian Dollar Outlook - 13 August 2013

Bell FX Currency Outlook: The Australian Dollar is being weighed down by strength in the greenback amid renewed expectations that the US Federal Reserve will begin tapering its economic stimulus program soon.

New Zealand PM John Key Invites Chinese Representative to Witness Fonterra Inquiry, Believes Sri Lankan 'Anchor' Ban to be Overblown

New Zealand Prime Minister John Key has announced that a representative from China would be allowed to witness the government investigation regarding Fonterra's milk scare causing China and other countries to issue an import ban on dairy products from the country. The Prime Minister said the terms of the investigation including its duration and other details have yet to be finalized. Mr. Key wanted to finish the inquiry before he will leave for China. He said he needs to have answers so he c...

Kevin Rudd vs. Tony Abbott: Leaders Debate Turned News Conference with No Surprises

The Leaders Debate covered by television networks in Australia last August 11 was not the typical debate as expected but a joint news conference. Australian Labor Party's Kevin Rudd and the Coalition's Tony Abbott did not go head-to-head with heated arguments and the kind of verbal battles witnessed by viewers in a usual debate.

Australian Dollar Outlook - 12 August 2013

Bell FX Currency Outlook: The Australian dollar benefited again from better than expected data out of China and traded just above the .9200 level on Friday night as concerns about lower Chinese growth abated.

Kevin Rudd vs Tony Abbott: First Election Debate Promises to be Heated

If history will repeat itself, Prime Minister Kevin Rudd may have the advantage over Opposition Leader Tony Abbott in the upcoming first leaders' debate of the election campaign scheduled on August 11. Based on historical records, Australian voters have rated leaders from the Australian Labor Party higher than Liberal leaders in most election debates with television coverage for the past 30 years.

Welfare Report: One in Four Australian Families Relies on Social Security Payments for Survival

According to the bi-annual report of the Australian Institute of Health and Welfare, one in every four households lives on social security payments. The annual cost of welfare has increased to $119 billion, equivalent to $1,300 for every person including children. Latest welfare data from the Australian Institute of Health and Welfare revealed that 13 per cent of the population lives in poverty with no means of income in 11.6 per cent of families. Households living in poverty meant having an a...

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