POLITICS & POLICY

Australian Dollar Outlook - 10/17/2011

The AUD has opened this morning above 1.0300 after another positive day on Friday on equity markets both in Europe and the United States, on the belief a recapitalization plan for European banks will be announced next weekend.

Builders Reject Regulation of Independent Contractors

Australia’s building and construction industry has expressed concern following Thursday’s ruling by Fair Work Australia in ADJ Contracting Pty Ltd which upheld the legality of enterprise agreements regulating the engagement of independent contractors.
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Aussie Deaf Groups Slam Comments by Disabled Children's Educator (VIDEO)

After describing deafness "as a scourge in our world," a prominent educator takes the heat from the deaf community. Dr. Dimity Dornan, director of Brisbane-based organisation Hear and Say, was accepting an award when she made the remarks at Telstra's Queensland Businesswoman of the Year on Tuesday.
Arlene Paredes Oct 14, 2011

Olympic Dam Faces Opposition From Greens Over Royalties

BHP Billiton's $30 billion worth Olympic Dam copper and uranium mine project faced its strongest opposition on Thursday as the Greens slammed an indenture agreement that stipulates royalty payments by the global mining company to the South Australian government over the mining project expansion will remain fixed for 45 years.
Esther Tanquintic-Misa Oct 14, 2011

Slovakia Gives in to Political Pressure, Votes for Bailout Fund

Members of the Slovak Parliament voted overwhelmingly (114 – 30 with 3 abstentions) to support the European Financial Stability Facility (EFSF) reversing an earlier move to oppose the expansion of the bloc’s rescue package.
Joseph Alan Alonso Oct 14, 2011

Four New York Politicians Propose Eliminating First Amendment

A proposal put forth by four members of the New York State (NYS) Senate have surely caused the Founding Fathers of the US to roll over in their graves. Hinged upon the stated goal of protecting children against "cyberbullying," NYS Senators Jeff Klein (D-Bronx/Westchester), Diane Savino (D-Staten Island/Brooklyn), David Carlucci (D-Rockland/Orange), and David Valesky (D-Oneida) have proposed the passage of a ridiculous new bill that will essentially criminalize free speech.
Jamelle Agbuis Oct 14, 2011

MV Rena Owner ‘Deeply Sorry’ over Oil Spill, Crew Leaves NZ (VIDEO)

Costamare, the Greek shipping company that owns the MV Rena, has apologized through its managing director to the people of New Zealand, particularly the locals of Tauranga, over the devastating effects of its vessel's crash on Astrolabe Reef off Tauranga.
Arlene Paredes Oct 14, 2011

ACCC to Appeal Court Decision on Google Malpractices

The Australian Competition and Consumer Commission (ACCC) announced on Thursday it has lodged an appeal against a recent Federal Court decision that cleared Google Inc. from alleged online search and online advertisements malpractices.
Esther Tanquintic-Misa Oct 13, 2011

Slovak Parliament will Call New Vote on Euro Fund

Only one of 17 member-nations of the European Union decided to deny the expansion of the bailout package for Greece which put at risk attempts to bring to an end the sovereign debt crisis.
Joseph Alan Alonso Oct 13, 2011

RBA: Regulatory Measures Avert Financial Collapse

Prudent regulatory measures and government economic policies are crucial in averting the damaging impacts of credit booms that largely crippled many economies during the global financial crisis in 2008.
Erik Pineda Oct 13, 2011

Australia’s Carbon Tax is 23 Times Higher Than India’s

The approval on Wednesday of the controversial carbon tax by the Australia's House of Commons has generated debate even before the measure becomes a law. A day after the carbon tax bill won in a narrow voting, some people have started to collect the tax ahead of the bill becoming a law.
Vittorio Hernandez Oct 13, 2011

Government Pushes to 'Clean' Australia

A day after the Lower House of Representatives of Australia passed the carbon tax plan, the government of PM Julia Gillard pushed further its goals of reinventing Australia into an environment-conscious nation. Government announced the appointment of Jillian Broadbent to chair the panel working on the design of the $10 billion Clean Energy Finance Corporation (CEFC), as well as introduced two bills to establish the creation of the Australian Renewable Energy Agency (ARENA).
Esther Tanquintic-Misa Oct 13, 2011

Coalition Delays Labor’s Tobacco Plain Packaging Bill

The Coalition successfully moved on Wednesday to delay the final vote on Prime Minister Julia Gillard’s anti-tobacco measures that would have compelled cigarette manufacturers and sellers in Australia to market their products in plain packaging.
Erik Pineda Oct 13, 2011

Australian Experts Take Part in NZ Oil Spill Clean-up

The Australian Maritime and Safety Authority will join hands with Maritime New Zealand in clean-up efforts near Tauranga Harbor in what could be the most terrible maritime pollution debacle in the country’s history.
Joseph Alan Alonso Oct 13, 2011

Where is Miley Cyrus? [VIDEO]

Miley Cyrus makes headlines whenever she is snapped sporting a racy outfit or brazen behavior. Once again, Miley is put on the spotlight but all for a different reason now.
Oct 13, 2011

Anti-Carbon Tax Protest Disrupts Parliament Session

Anti-carbon tax protests marked the first day after the Labor government passed the controversial measure. Members of the public gallery loudly chanted making the question hour proceedings at times inaudible.
Vittorio Hernandez Oct 13, 2011

Senior Politicians Discuss Gay Marriage Rights in Canberra

More than 60 ordinary Australians arrived at Parliament House this morning to talk about marriage equality with more than 40 MPs from both sides of the house, including cabinet ministers and senior opposition politicians.
Sharon Olalia Oct 13, 2011

Australian Dollar Outlook - 10/13/2011

Bell FX Currency Outlook: The Australian dollar has rallied strongly overnight as investors once again appear willing to take on more risk following positive news out of Europe.
Christine Gaylican Oct 13, 2011

Australian Stock Market Report - Morning 10/13/2011

Minutes from the last US Federal Reserve meeting highlighted that Fed officials discussed a fresh round of bond purchases among other tools to stimulate activity. However officials seemed to be holding back from a third round of QE. The minutes reiterated that the Fed had become a lot more concerned about the economic outlook. Commenting that ´´the risks to the growth outlook...were significant and tilted to the downside´´ and that the recovery is ´´more vulnerable to negative shocks´
Christine Gaylican Oct 13, 2011

Philippine Banana Plantations and Exports at Risk due to Virus in Southeast Asia

Over a thousand hectares of banana plantations in the Philippines have been infected by a disease that has destroyed banana plantations in other Southeast Asian nations, and farm owners on Monday warned agriculture officials that it could wipe out the Philippine banana industry in three years unless it is managed now.
Arlene Paredes Oct 13, 2011

MV Rena Oil Spill Update: Philippine Embassy Officials to Meet with Crew Thursday (PHOTOS)

Philippine Embassy officials are expected Thursday to talk to the captain and crew of MV Rena, the stricken cargo ship that is now massively spewing oil in New Zealand's Bay of Plenty. MV Rena's captain, Filipino Mauro Balomanga, who was reportedly celebrating his 44th birthday at the time of the crash, has appeared in Tauranga District Court, and is now facing a charge under Section 65 of the Maritime Transport Act of operating a vessel, causing unnecessary danger or risk to a person or p...
Arlene Paredes Oct 13, 2011

Carbon Tax Calculator Estimates Rise on Electricity Bills

Amid the passage of the carbon tax on Wednesday, the Institute of Public Affairs (IPA) has launched a carbon tax calculator that households and small businesses can use to calculate the rise on their electricity bills.
Sharon Olalia Oct 13, 2011

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