POLITICS & POLICY

Republican Rivals Collide in New Hampshire Debate

Aspirants for the Republican presidential nomination tangled in a live presidential debate hosted by Bloomberg and the Washington Post on one of the most controversial subjects-- the state of the U.S. economy. Who said the most and what on the relevant issues?
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Bill to Abolish the ABCC: A “Bad” Policy

John Lloyd, the Director of the Institute of Public Affairs Work Reform and Productivity Unit, today called on the Opposition and non-government members of the Parliament to oppose a bill to abolish the office of Australian Building and Construction Commissioner.

China Launches its own Iron Ore Price Index

China, the world's biggest consumer of iron ore raw material, on Monday launched its own iron ore price index in a bid to gain a foothold in the global pricing of the raw commodity.

China’s Richest Town, Huaxi, Hosts New 5-Star Hotel Tower

China unveiled on Monday one of its new towering skyscrapers that Beijing watchers said symbolised the once isolated nation’s ascension to dizzying prosperity while being ruled by a communist government that essentially embraced the basics of capitalism with great success.

Gay Marriage Advocates to Meet MPs in Canberra

About 60 Marriage Equality representatives from around Australia will travel to Canberra on Wednesday to meet with more than 40 MPs to discuss with Parliamentarians on both sides of the house how marriage equality affects their lives, and the lives of their family and friends.

Australian Diplomats Make Headway in Freeing Boy from Bali Jail

The 14-year-old Australian boy who was arrested in Bali for possessing a small quantity of marijuana will most likely be released from custody soon after Indonesian police authorities said they were considering him more of someone who needed rehabilitation.

3-Year Freeze on AustralianSuper Members' Fees to Benefit 1.8 M Members

The Australian government has supported reforms in the industry for the benefit of Australian retirees, resulting in the decision of AustralianSuper to implement a freeze on membership fees effective July of 2011 until 2014 provides a major advantage for members who are nearing retirement.

PM Gillard Set to Vacate ‘The Lodge’

Prime Minister Julia Gillard is leaving The Lodge but her office quickly clarified that the imminent departure was mostly due to necessary home improvements needed to be undertaken on the decades-old government structure.

Australian Dollar Outlook 10/11/2011

Bell FX Currency Outlook The AUD has had a strong rally overnight, trading through parity on renewed investor confidence and demand for higher yielding currencies such as the AUD.

Global Markets Overview - 10/11/2011

U.S. stocks rose sharply as investors cheered a pledge from France and Germany to resolve the euro zone's banking and sovereign-debt troubles. The Dow Jones Industrial Average rose 278 points, or 2.5%, to 11381. All 30 Dow components rose, with bank stocks leading the charge higher. Bank of America climbed 4.7% and J.P. Morgan Chase advanced 4.3%. The gains came after the blue chip index managed a 190-point rally last week.

Australian Stock Market Report - Morning 10/11/2011

MORNING REPORT (7am AEDT)There were solid data readings from major European nations on Monday. Industrial output rose by 0.5pct in France in August with Italian output up 4.3pct - both results well ahead of market expectations. And German exports rose by 3.5pct in August to record highs.

ACCC Closely Monitoring Supermarkets, Telecoms and Airports

The Australian Competition and Consumer Commission (ACCC) is keeping a close watch on the country's major supermarket chains, airports and the telecommunications sector to ensure these service providers do not abuse their market power in the delivery of their services to the paying public.

Australia Urged to Act: Global Warming Damaging Australian Alps

Have skis. But where's the snow?The Australian government and populace may need to consider diverting some of its focus from staging a continuous mining boom to augment its economic stability, to laying down immediate strategies to curb global warming if it wants to save its world-renowned Australian Alps.

Australian Stock Market Report - Closing 10/10/2011

AFTERNOON REPORT (4.30pm AEDT)The local share market posted its fourth win in a row today, kick-starting the trading week on a positive note. Investor sentiment remained buoyant after German and French leaders agreed to do all that is necessary to secure the recapitalisation of European banks. Share markets around the Asian region were generally positive, despite ratings agency Fitch cutting the credit ratings of Italy and Spain. The All Ordinaries Index (XAO) gained 37.3pts or 0.9pct to 42...

Mexican Drug Cartels Enter Australia, U.S. Says

Mexican drug cartels, including the Sinaloa Cartel, have entered Australia and is now operating in the country, U.S. Drug Enforcement Administrator Chief of Intelligence Rodney Benson told the U.S. Congress last week.

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