POLITICS & POLICY

Australia Starts Work on World’s Giant Radio-Telescope

Scientists from Australia have started laying down development works on what could become the world's largest and most capable radio-telescope which would see the federal government injecting at least $19 million just to put the project into reality.
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Mad Dash for Boxing Day Sales Could Become Thing of the Past

It won't be long, but the tradition of the mad dash for the Boxing Day Sales could become a thing of the past. For one, counterpart Web sites of retailers that participated in the annual discounted selling spree had laid down their wares much earlier as Australians get all the more hooked on online shopping.

Australian Market, Dollar Outlook - 27 December 2012

After a fairly steady Asian session, risk assets declined through European and US trade ahead of the Christmas break. Market participants also remained concerned about the fiscal cliff negotiations, which we expect to get further leads on when Republicans reconvene later today.

Prince Harry Kills Taliban Chief in Afghanistan

For the first time, Prince Harry has reportedly killed a Taliban chief in Afghanistan. The Royal Prince, who is an Apache pilot, released a missile strike to eradicate the terrorist leader in the late of October.

Billabong Opens Financial Books to New Takeover Suitor Group Led by Naude, Sycamore Partners

Beleaguered Australian retailer Billabong International Ltd. has opened its financial books to a new takeover suitor group led by former Billabong director and president of its American business, Paul Naude, and his backers, Sycamore Partners Management and Bank of America Merrill Lynch. The consortium offered a takeover approach of $1.10 cash per Billabong share or roughly $526.8 million.

Ice Sheet Off West Antartica Warming Faster Than Earlier Projected, Threat of Rising Sea Level Looms

The world, especially those who live along the coastal areas, either evacuate this early or arm themselves with better and definitive actions concerning their homes and sources of livelihood as a recent study released over the weekend showed the ice sheet off the western part of Antartica is warming faster than earlier projected, and that sea water level forebodingly rising is not only a threat but could be the inevitable scenario in the very near future.

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.

Sales of Bulletproof Backpacks for Kids Zoom in Wake of Sandy Hook Shooting Massacre

It was more than a spike in sales that they could have projected, at the expense of those killed during last Friday's Sandy Hook shooting massacre. Manufacturers of bulletproof backpacks specially designed to cater to children's sizes and needs have reported booming sales as parents continue to get anxious over the welfare of their children a week after a 20-year-old alleged mentally deranged man opened fire and killed 26 people in Connecticut, United States.

#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.

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