POLITICS & POLICY

Australia Repeals Carbon Tax Law; Labor Promises to Revive Levy

Tony Abbott
Australian Prime Minister Tony Abbott finally fulfilled his campaign promise on Thursday, July 18, to repeal Julia Gillard's carbon tax law. To do that after two years when the tax was collected, the PM had the backing of the new crossbenchers in the Senate, along with the Palmer United Party. Thirty-nine legislators voted to repeal the carbon tax, while 32 Labor and Green members opposed the repeal.
A boy hugs a tree as he takes cover after strong winds brought by Typhoon Rammasun, locally called  Glenda, battered the capital, metro Manila July 16, 2014.  Philippine authorities evacuated almost 150,000 people from their homes and shuttered financial

In Photos, Typhoon Rammasun Blasts the Philippines

Typhoon Rammasun, now on its way to strike southern China and northern Vietnam, forced over 400,000 people in the Philippines to evacuate and seek higher and safer grounds on Tuesday till Wednesday.
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A participant practices rolling a joint at the Cannabis Carnivalus 4/20 event in Seattle

New Zealand Sees Growing Support for Marijuana Reform

A survey by the Herald's DigiPoll has asked New Zealanders if they supported the legalisation of cannabis or wanted it to remain illegal. New Zealand laws currently consider marijuana possession a crime with a penalty of $500. Violators may also be imprisoned for up to three months.
Cranes work in the water at the Kitimat LNG site near Kitimat, in northwestern British Columbia on April 13, 2014. British Columbia is on the brink of an energy boom. Domestic and foreign companies are looking to build two oil pipelines, multiple natural

Arctic LNG Route Soon to Launch; China, Japan 1st Shippers

The Arctic Ocean will soon be seeing more and more liquefied natural gas (LNG) shipping carriers plying its waters. Japan's Mitsui O.S.K. Lines Ltd. on Wednesday announced it targets to use the unchartered territory to move its LNG Russia to its clientele in Europe and Asia.
Sri Lankan asylum seekers who were sent back by Australia wait to enter a magistrate's court in Galle

Tony Abbott Not Giving In to 'Moral Blackmail' Despite Asylum Seeker Suicide Attempts

Australian Prime Minister Tony Abbott has declared his government will not be subjected to "moral blackmail" after reports of attempted suicide by asylum seekers in Christmas Island. According to a Fairfax report, dozens of refugee mothers have tried to commit suicide because they think their children have a better luck in going to Australia without them.

Australian Dollar Outlook -09 July 2014

Bell FX Currency Outlook: The Australian Dollar has traded overnight above .9400 as the latest local business confidence and conditions were better than expected.

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