POLITICS & POLICY

Australian Dollar Outlook - 21 June 2013

Bell FX Currency Outlook: The Australian Dollar has fallen below USD 0.9200 overnight in an extremely volatile session which was essentially the sequel to Wednesday night's reaction to the FOMC meeting which prepared financial markets for the scaling back of quantitative easing.

PM Julia Gillard Sparks Australia’s Cleavage War (PHOTOS)

The ruckus created by Australian Prime Minister Julia Gillard wearing a low cut top and showing cleavage has not died down. Instead, it started a trend in social networking, causing Facebook to be bombarded by photos mostly of Aussie woman showing the buxom side of their upper bodies.
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South Australian Parliament Passes Same-Sex Marriage Motion Following New Zealand's Example

The same-sex marriage legislation gets a big boost from the South Australian Parliament as it supports the idea of allowing gay couples to marry. The upper house of SA Parliament passed a motion in approval of marriage equality laws in New Zealand. Labor MP Gerry Kendelaars introduced the same-sex marriage motion. It passed immediately with just one vote along with the support of two Liberal opposition members.

Russian Duma Bans Foreign Gay, Same Sex Couples Adoption of Russian Babes

Russia's Lower House of Parliament, or the Duma, has unanimously approved to support a bill that bans foreign gay, same-sex couples to adopt Russian orphans. The bill is also expanded to prohibit single foreign nationals from adopting as long as they came from a country where same-sex marriage is legal.

RBA May Lower Rates Again Despite a Weak Australian Dollar

The Reserve Bank of Australia (RBA) has let interest rates remain the same amidst weak economic conditions. The mining industry remained weak following the job cuts and shutdown of Newcrest Mining's Brisbane offices. The RBA is open to reduce interest rates further if the weak mining industry begins to put a strain on the entire economy of Australia. Based on a tame inflation outlook, the central bank of Australia said it still has leeway to lower interest rates.

Australian Treasurer Wayne Swan Launches Fix-o-Gram App

Treasurer Wayne Swan rolled out on Tuesday his own app, the Fix-o-Gram which allows his constituents in the marginal Brisbane seat of Lilley to send him photos of potholes, traffic jams or other local problems to alert him.

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