ECONOMY

$18.70 Minimum Wage Hike Disappoints Labour Unions, But Employers Warn of Job Cuts

Demonstrators prepare signs supporting the raising of the federal minimum wage during May Day demonstrations in New York May 1, 2014. REUTERS/Lucas Jackson (UNITED STATES - Tags: CIVIL UNREST POLITICS BUSINESS EMPLOYMENT TPX IMAGES OF THE DAY)
Like the Reserve Bank of Australia's overnight cash rate decisions, the Fair Work Commission's (FWC) announcement on Wednesday hiking the minimum wage by 3 per cent or $18.70 per week was a damn if you do, damn if you don't situation for the federal government. Labour unions are not happy at the increase they consider measly, while employers warn the new minimum salary of $640.90 per week by July 1 would lead to job cuts.
A worker stands in front of an 18-m (59-ft) high and 1.6-km (1-mile) long tsunami defence wall at Chubu Electric Power Co.'s Hamaoka Nuclear Power Station in Omaezaki, Shizuoka Prefecture, in this file picture taken May 17, 2013. In the three years since

Japan Starts Constructing Ice Wall at Crippled Fukushima Power Plant

Tokyo Electric Power Co., operator of crippled Fukushima power plant, has started constructing a huge underground ice wall around the Fukushima No. 1 nuclear plant. This plan is seen to control and manage the production of toxic water at the complex devastated by a tsunami that was triggered by a magnitude 9 earthquake in March 2011.
More news

Australian Flights to Bali Resumes on Monday

Ash clouds that erupted from Indonesia's Sangeang Api volcano have dissipated to safe levels, enabling Australian airliners to resume flights to Bali on Monday.
Esther Tanquintic-Misa Jun 02, 2014
A Google Search Page Is Reflected In Sunglasses.

Google Removal Requests Mostly Related to Frauds, Crimes – CEO

Google, in compliance to a ruling by the European Union Court of Justice (ECJ) that allows the Europeans' right to be forgotten on the Internet, has created a Web site that will specifically handle such removal requests. On the very first day it was launched, the world's No. 1 Internet search company received a whopping 12,000 removal requests.
Esther Tanquintic-Misa Jun 02, 2014
Demonstrators Smoke a Giant Joint of Cannabis During a Pro-marijuana Legalisation March in Brasilia

New York State Assembly Greenlights Medical Marijuana Bill

The State Assembly of New York on Tuesday has passed a legislation legalising medical marijuana in the area. But will it also sail through the Senate this time? This is the fifth time, in a span of 7 years, the assembly has passed a medical marijuana bill.
Esther Tanquintic-Misa May 29, 2014
Tony Abbott

Australia's Consumer Index Drops to New Low in Over 2 Years As Families Worry About Money

Consumer confidence in Australia dropped to its newest level in over two years as Australians begin to worry about the impact of the Abbott government's budget on their family's finances. According to reports, the Westpac Melbourne Institute Index of Consumer Sentiment declined 6.8 per cent in May to its lowest level since August 2011.
Reissa Su May 23, 2014
The Las Pulgas Fire burns near an athletics field at Camp Pendleton, California in this May 16, 2014 handout photo from the USMC. The Las Pulgas Fire is one of four fires at Camp Pendleton Marine Base north of San Diego which  prompted evacuations of seve

30 US Landmarks At Risk Due to Climate Change (PHOTOS)

A report published by the Washington-based Union of Concerned Scientists has highlighted the potential ill effects of climate change to at least 30 historical landmarks in the U.S. Should the human-induced climate change continue to escalate, there might be no other way for America's newest and oldest landmarks but to topple and bow down to rising sea levels, floods and wildfires.
May 22, 2014

Auckland Revises Tourism Targets

Auckland has modified its tourism targets by 20 per cent through 2021 because the city's visitor economy was booming, Mayor Len Brown said.
Esther Tanquintic-Misa May 20, 2014

Air Canada Defers Bombardier CSeries Purchase

Air Canada has suspended a planned purchase of Bombardier's CSeries and announced it will keep its 25 Embraer SA planes instead of replacing them with the new narrow-body aircraft.
Esther Tanquintic-Misa May 16, 2014

Booming New Zealand Housing Market Blamed on 'Busload of Australian Women'

A "busload of Australian women" was identified as the reason for the increase in the sales of New Zealand's housing properties. The debate about foreigners owning more of New Zealand property has taken another twist in a televised panel discussion between minor political parties
Reissa Su May 12, 2014

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