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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.

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.

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.

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.

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.

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).

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.

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.

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.

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.

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.

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´

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.

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...

Solar Industry Applauds Passing of Climate Bills

Australia’s solar industry welcomed the passing of the Clean Energy Future package by the Australian House of Representatives. Parliament has passed the controversial bill by 74 votes to 72 on Wednesday.

Don't Abolish ABCC, Builders Group Says

Master Builders Australia, the peak body for the building and construction sector, has expressed opposition to the government’s plan to abolish the Australian Building and Construction Commission (ABCC).

Australian Mines: Carbon Tax is Like Doomsday

The fact that it heralded Australia's economy into what it is now is an understatement. Its contribution of 5 per cent into the country's GDP is fair enough proof of what the mining sector had done for Australia.

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