POLITICS & POLICY

Youth Suicide in S. Korea Soaring High

South Korea accounts for the largest number of suicide cases among 34 members of the Organization for Economic Cooperation and Development with 28.7 individuals committing suicide for every 100,000 people last year, says the Korean Association for Suicide Prevention (TKASP).

Japan's Noda Commits $1B for Africa, Middle East Infra Projects

Despite Japan's soaring debts, Prime Miniters Noda's administration has boldly offered additional loans to "Arab Spring" in North Africa and the Middle East for infrastructure projects, which will ensure to yield employment opportunities and emerging industries.

Australia Scraps Retrospective Application of GST

Sales of homes built under development lease arrangements commenced before 27 January 2011 will not pay GST, according to the Australian government. Residential development lease arrangements are used by government to partner with the private sector to supply housing on publicly owned land.
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Feds Give Green Light to Chevron’s Giant LNG Project in Pilbara

The federal government stamped its environmental approval on the Chevron-led Wheatstone liquefied natural gas (LNG) project that experts said would lead to billion-dollars of investments but could disrupt the marine eco-system off the coast of Western Australia’s Pilbara region.

ACCC Loses Google Court Case

The Australian Competition and Consumer Commission (ACCC) lost in a court case the regulator filed against search engine giant Google. ACCC complained that Google violated Australia's trade practices law by its using advertisement placements as basis for ranking of search results.

Google Wins Legal Tiff against ACCC

Four years after Australia’ competition watchdog labelled its search results as confusing and misleading, giant internet firm Google won the nod of the court, which declared on Thursday that the company hardly violated any provisions in the country’s consumer law.

PM Gillard Secures Support of Labor Powerbrokers

Although there is a growing movement within the Labor Party for Kevin Rudd to reassume leadership, current party leader and Australian Prime Minister Julia Gillard has secured sufficient support from powerbrokers. Enough support for her to remain in post amid discontent over her failed Malaysia Solution on border security.

Australia Alters Student Visa Program

The Strategic Review of the Student Visa Program, conducted by former Olympics Minister Michael Knight on behalf of the Commonwealth Government was released Thursday by Ministers Evans, drawing mixed reactions.

More Money for Aussie Retirees Under Superannuation Plan Upgrade

Up to $40,000 more of retirement funds was promised on Wednesday to Australian retirees under a proposed upgrade to the country's superannuation scheme. The means a 30-year-old full-time worker who currently earns about $68,000 yearly would receive $150,000 upon retirement.

Abbott Seeks Gillard Resignation

Opposition leader Tony Abbott challenged on Thursday Australian Prime Minister Julia Gillard to resign because of her inability to protect the country's borders.

Australia May Be Affected by U.S. Economic Slowdown

A day after the International Monetary Fund (IMF) downgraded Australia's growth forecast over global recession concerns, a Reserve Bank of Australia (RBA) official acknowledged on Wednesday that the country could be affected by the U.S. economic slowdown.

Australian Dollar Outlook 09/22/2011

The Australian dollar has fallen overnight as pessimism once again pervaded throughout the financial markets. The AUD is back down near parity this morning and looking vulnerable to another move lower.

Tasmania Backs Same-Sex Marriage

The Tasmanian Lower House has this afternoon passed a motion of support for full marriage equality in Australia, with 13 voting in favour and nine against.

China will Launch Own Spacecraft Before National Day

China's technological sleight has taken a new dimension as it plans to launch its experimental aerospace, which is expected to commence on the communist country's attempt to build its own space station, says a report from Reuters.

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