POLITICS & POLICY

Prime Minister Julia Gillard Wept over a Ticking Time Bomb -- the NDIS

Following her announcement of the fiscal gap, Prime Minister Julian Gillard appeared emotional in front of the parliament after introducing the DisbabilityCare levy. Choking back her tears, the prime minister presented the bill that can raise Medical levy up to 2 percent. Contrary to the previous news she broke before, the National Disability Insurance Scheme (NDIS) issue is one that hits a soft spot on Gillard.

Australian Dollar Outlook - 16 May 2013

Bell FX Currency Outlook: The AUD traded in a fairly tight range overnight as the USD continued to maintain its recent strength against the major currencies.

3D Guns: Your Move, State

The US national debate on gun control underwent a kind of paradigm shift when non-profit outfit, Defense Distributed, introduced The Liberator, a fully 3D-printable weapon, to the internet. Many hailed it as a game changer.
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Australian Dollar Outlook - 15 May 2013

Bell FX Currency Outlook: Most of the detail for the Federal Budget and policy changes were well known prior to last night therefore markets were fairly subdued.

Signs of Changing Times? Saudi Arabia Publishes 1st Ever Anti-Domestic Violence Advert

Saudi Arabia, a country where women finally got allowed, albeit partially, to ride bicycles and motorcycles only this year and allowed to vote and be voted for in 2011, has allowed the publication in local newspapers of a highly controversial advertorial that called for the criminalisation of domestic violence among its female population.

Gold Buying Festival: India Splurges on Gold as Prices Drop

When prices of gold fell in India to Rs 27,520 (AU$503.50) per ten grammes, a gold-buying frenzy ensued, giving testament that India prefers buying the safe haven yellow metal gold more on religious holidays.

Australian Dollar Outlook - 14 May 2013

Bell FX Currency Outlook: The Australian Dollar has opened below parity this morning following some renewed strength in the USD overnight.

Taiwan, Philippines Row Escalates: Taiwan Issues Ultimatum

Taiwan has issued an ultimatum that if the Philippines does not apologize within 72 hours commencing May 12, it is recalling its diplomatic representative in the Philippines and freezing work applications of overseas Filipino contract workers.

Australian Dollar Outlook - 13 May 2013

Bell FX Currency Outlook: The Australian Dollar traded below parity on Friday night for the first time since June, 2012 as the USD moves upward against most major currencies.

New Steel Technology Enables Producers to Avoid Carbon Emissions

Steel production has been cited as one of the industries that pushed the levels of carbon dioxide trapped in the atmosphere to accumulate. Wanting to curb its rising contribution to global warming, researchers at the Massachusetts Institute of Technology (MIT) devised a technology that could make steel production environmentally-friendly.

New Technology Could Enable Producers Make Steel Without the Carbon Emissions

Steel production has been cited as one of the industries that pushed the levels of carbon dioxide trapped in the atmosphere to accumulate. Wanting to curb its rising contribution to global warming, researchers at the Massachusetts Institute of Technology (MIT) devised a technology that could make steel production environmentally friendly.

Australian Dollar Outlook - 10 May 2013

Bell FX Currency Outlook: The Australian Dollar has tumbled almost two US cents to its lowest level in more than 11 months and could well find itself below parity in the next 24 hours.

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