POLITICS & POLICY

Australian Dollar Outlook - 24 December 2012

Bell FX Currency Outlook: The Australian Dollar has opened a full cent lower this morning from Friday's levels as the hopes of reaching a compromise on the fiscal cliff issue in the US before the end of the year were dashed.
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#Burn: MySpace Tom Tweets About Instagram, Strikes Back at Hater, Asks ‘Did I win?’ [PHOTOS]

MySpace co-founder Tom Anderson drew applause on Twitter after answering back to a hater who says he was unable to "keep a social network alive." Anderson aka MySpaceTom was reacting on "fear over Instagram's terms change" via his @myspacetom account on Twitter. He describes the fear to be "ridiculous," adding, "Get real, folks!" User @polotapia tweets back, "says the guys that [sic] was not able to keep a social network alive."

End of the Road for Australia’s Budget Surplus Target

On the eve of Dec 21, supposed to be the end of the world by Mayan Long Count Calendar reckoning, Australian Treasurer Wayne Swan dropped a financial asteroid that would seem like a doomsday scenario for the country's coffers. His admission that the federal government would not likely delivery its promised budget surplus in 2013 spelled the end of the road for swift economic recovery.

Rare Earths Miner Lynas Wins Appeal Case Versus Malaysian Opponents, Keeps License

The Malaysian Court of Appeal has dismissed the latest application for injunction filed against Australian rare earths miner Lynas Corp by environmentalist group Save Malaysia Stop Lynas (SMSL), effectively enabling the mining firm to keep in its hand the controversial temporary operating license (TOL) on its $800-million rare earths processing plant.

Online Christmas Shopping Sends Australia Post A-frenzy

Although majority of Australian online shopping retailers think they have yet to breach the mark of their online sales projections, the number of individuals who have resorted to online shopping have reached gigantic proportions forcing Australia Post to hire additional hand just to ensure every package and parcel gets delivered to its owner or shopper before Christmas Day.

Australian Dollar Outlook - 18 December 2012

Bell FX Currency Outlook The Australian Dollar opens unchanged after a lacklustre overnight session. The Australian Dollar has opened little changed after a quiet night of trade on world markets. A night of limited price action saw most major currency pairs end at around the same levels, with the CAD being the exception.

Handguns Should Be Banned in Australia – Greens

Acting Australian Greens leader Adam Bandt has urged on the federal government as well as the entire Australian populace to ponder on banning the issuance and release of semi-automatic handguns in the resource-rich nation following the Connecticut massacre of innocent school children as well as school teachers in the U.S.

Billabong Shares Rode New Highs with $526M Takeover Bid

Shares of beleaguered Australian retailer Billabong International rode on a high early Monday morning before being placed on a trading halt on rumors of a $526.8 million takeover bid by a consortium led by former director Paul Naude.

To Stop School Shootings, We Should Let Criminals Have All the Guns, Argue Gun Control Advocates

If you're shaking your head after reading the headline for this article, you're not alone. The idea of taking away guns from all the law abiding citizens while concentrating them in the hands of deranged, psychopathic criminals isn't my idea, however. It's Obama's. And Bloomberg's. And Nancy Pelosi and everybody else who is now pushing for "gun control" legislation in the wake of the Newtown, Conn. elementary school shooting

Australia Launches Clean Coal Carbon Capture Plant Technology

Australia has launched over the weekend its first clean coal carbon capture plant technology in central Queensland, in a bid to lessen the country's mammoth contributions to the world's overall greenhouse gas emissions generated from coal-fired power stations.

Obama Administration Supports Wind Power Projects

The Obama administration wants the U.S. offshore wind industry to flourish. As it reposes hope in renewable sources of energy, it decided to award $28 million in grants to seven projects. Those projects are aimed at developing different kinds of power-generation technologies.

Malaysia: Heads will Roll on Controversial Lynas Plant Residue Issue

Opponents to the controversial Lynas rare earths processing plant in Malaysia now clamored for the resignation of the four ministers who approved the awarding of the temporary operating license (TOL) to Australian miner Lynas Corp after the latter denied the existence of a provision in its licence which states that the plant's residue must be shipped out of Malaysia.

2012 Christmas Could be Best Ever in Three Years for Australian Retailers

Christmas selling and spending this 2012 could be the best ever in three years for Australian retailers, according to a Christmas Retailers' Survey by the Deloitte Access Economics as consumers, cajoling Australian businesses ought to sing and dance as cash registers are predicted to ring louder this year.

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