POLITICS & POLICY

PM Gillard Sees No Problem on Ken Henry’s New NAB Post

Prime Minister Julia Gillard insisted on Thursday that Ken Henry’s scheduled entry to the National Australia Bank (NAB) board will not run in conflict with the former Treasury secretary’s present role as government economic adviser.

India Expects Australia to Satisfy its Coal Hunger

Australia better get its mining regulation and investment policies in perfect shape and order as well as skilled manpower to the double as global coal demand is seen to be bolstered not only by China, but coal hungers from India as well.

Find Jobs in Australia's New Mining Website

A website targeting to attract workers to Australia's mining industry has been launched as the promise of making at least 750,000 new jobs in the next 20 years will follow Australia's metals and minerals boom.
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Man Tries to Jump at NZ Parliament, PM Slammed for Remarks

A man tried to jump off NZ Parliament's gallery viewing balcony Wednesday afternoon, causing quite a stir at the House. Auckland solicitor Matthew Piper lauded the guards for the quick preventive action, but there was little damage control on the effects of the PM's words.

Australia Stock Market Report- Morning 10/06/2011

MORNING REPORT (7am AEDT)The US ISM services index eased slightly from 53.3 to 53.0 in September but remained over the 50 line indicating expansion of the services sector. New orders rose from 52.8 to 56.5. The ADP employment index showed that private sector jobs rose by 91,000 in September, above forecasts for a 75,000 gain. But planned job layoffs stood at 115,730 in September - a 2-year high.

Toxic Clouds from Mine Blasts Endanger Queensland Folks

Residents at Queensland State are outraged on the improper handling and management of the Queensland government after it failed to inform residents of the toxic gas coming out from explosive blasts in Queensland's giant open-cut coalmines.

Tony Abbott Calls Tax Forum Pointless Talkfest

The ongoing two-day tax forum in Canberra has attracted a lot of media attention because of the number of prominent people who are participating. However, one person is conspicuously absent from the media event - opposition leader Tony Abbott.

Australia's Services Sector Stays in Positive Territory in Sept

The services sector stayed in positive territory in September with the latest seasonally adjusted Australian Industry Group/Commonwealth Bank Australian Performance of Services Index (Australian PSI®) down a slight 1.8 points to 50.3 indicating activity continued to expand in the month.

Australian Dollar Outlook - 10/05/2011

The Australian Dollar is trading just above USD0.9500 following another volatile night in all financial markets, with the highlight being Fed Reserve Chairman Ben Bernanke's address (testimony) to the Joint Economic Committee.

Students Blown Up in Somalia Suicide Bombing

Students taking a test for a Turkish scholarship were among at least 70 people killed in a suicide bombing attack near the ministry of education building in Somalia's capital on Tuesday.

Occupy Wall Street, the American Revolution that the Mainstream Media is Ignoring

Right now in New York City, Boston, Los Angeles, Chicago, Denver, Seattle, and a growing number of other cities, tens of thousands of protestors of all stripes and political persuasions are marching in protest of the corporate corruption that has infiltrated and taken control of the US government -- and the mainstream media (MSM), of course, has been virtually absent in covering this massive and escalating demonstration against the current state of US politics.

Australian Stock Market - CLOSING - 10/04/2011

The Australian share market closed 0.6 per cent lower, with investors starting to hope that the central bank would cut interest rates for the first time in a year next month. The local bourse opened almost one per cent down on a weak lead from Wall Street overnight. By the close on Tuesday both major local indices had made back some of their early losses, with the benchmark S&P/ASX200 index down 24.9 points, or 0.64 per cent, at 3,872.1 and the broader All Ordinaries index dropped 25.1 points, o...

Australian Stock Market- MIDDAY- 10/04/2011

MIDDAY REPORT (12.30pm AEDT)The Australian sharemarket is continuing to fall after a tough start to the new trading week yesterday. The ASX 200 index (XJO) is down 0.4 pct or 17.1 pts to 3879.9 while the broader All Ordinaries index (XAO) is 0.5 pct or 18.9 pts lower to 3941.8.

Tech Gadgets Top List of Bribes Given NSW Officials Under Probe

High-tech devices such as iPhones, iPads and camcorders topped the list of gifts that were given to New South Wales public officials. Next to the gadgets, also high on the list of bribe items masked as gifts were beach holidays, football tickets and gift vouchers.

RBA Expected to Hold Cash Rate Despite Strong Data

Economists said Tuesday that despite the stronger-than-expected international trade and building approvals figures for August, the Reserve Bank of Australia is unlikely to change the current cash rate.

Nobel Prize Committee Decides to Award Scientist who Died Days Ago

Not long after announcements were made for the Nobel Prize for medicine Monday, the Nobel committee learned that one of its awardees has passed on just three days ago. An emergency meeting followed, after which the committee decided to give the award nonetheless, as it was "done in good faith."

Australian Stock Market Overview - Morning 10/04/2011

MORNING REPORT (7am AEDT)The US ISM manufacturing index rose from 50.6 to 51.6 in September, well above expectations centred on a result near 50.5. Production, employment and supplier deliveries all rose strongly. Construction spending rose by 1.4pct in August after falling by 1.3pct in July. And US car makers posted double-digit annual gains in sales in September with GM sales up 20pct and Chrysler up 27pct.

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