POLITICS & POLICY

More Money for Aussie Retirees Under Superannuation Plan Upgrade

Up to $40,000 more of retirement funds was promised on Wednesday to Australian retirees under a proposed upgrade to the country's superannuation scheme. The means a 30-year-old full-time worker who currently earns about $68,000 yearly would receive $150,000 upon retirement.

Abbott Seeks Gillard Resignation

Opposition leader Tony Abbott challenged on Thursday Australian Prime Minister Julia Gillard to resign because of her inability to protect the country's borders.
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Tasmania Backs Same-Sex Marriage

The Tasmanian Lower House has this afternoon passed a motion of support for full marriage equality in Australia, with 13 voting in favour and nine against.

China will Launch Own Spacecraft Before National Day

China's technological sleight has taken a new dimension as it plans to launch its experimental aerospace, which is expected to commence on the communist country's attempt to build its own space station, says a report from Reuters.

Australian Dollar Outlook - 09/21/2011

The Australian Dollar has held its ground despite the IMF revising global growth forecasts from 4.3% and 4.5% in 2011 and 2012 respectively, to 4% in both years.

IMF Cuts Australia Growth Forecast to 1.8% in 2011

The International Monetary Fund (IMF) reduced on Wednesday its growth forecast for Australia to 1.8 per cent from previous forecast of 3 per cent. The gloomier outlook is part of the fund's warning of a new global recession that would hit commodity prices and lead to higher unemployment rates.

Fix Management Systems, Don’t Lower Wages: Union

Starting another war over wages and conditions will only continue Australia’s productivity decline, the Australian Manufacturing Workers Union (AMWU) told the Manufacturing Roundtable in Parliament House today.

Aussie MPs Denounce ABC TV's "At Home with Julia" Sex Scene

The satirical ABC TV show At Home With Julia will air tomorrow a sex scene depicting the prime minister lying on the floor with his partner, and they are draped by the Australian flag. Members of the Parliament question the scene, saying it is distasteful and out of bounds.

Court Allows Metcash $250 Million Purchase of Franklins

Federal Court Justice Peter Jacobson ruled on Tuesday in favor of Metcash's and Pick n Pay's planned purchase of supermarket chain Franklins for $250 million because the transaction would not violate the country's anti-trust laws.

Sydney Says No to Giant Brothel Operation

Sex business may be good business but Sydney thinks otherwise as the City Council dumped on Tuesday night proposals to expand the Stiletto bordello at Camperdown, which is located west of the inner city.

Critics Assail ABC's Satire on Prime Minister Gillard

It appears that the joke failed to hit the mark as critics raised howl and accused ABC of breaching the limits of decency and propriety when its show ‘At Home with Julia’ depicted Prime Minister Julia Gillard in a steamy scene and draped with the Australian flag.

Norway Killer Protests His Solitary Confinement as ‘Torture’

Norwegian mass killer who admitted killing 77 people in July has cried out torture over his solitary confinement at a court hearing on Monday. Judge Anne Margrethe Lund said the isolation was a necessary move to keep Breivik from establishing communication with possible allies outside jail. Police are still investigating whether Breivik has a network that helped him carry out the killings.

Vegemite Gives Some Trouble to FM Rudd’s U.S. Travel

Foreign Minister Kevin Rudd was in New York dispensing his regular job as the country’s key representative to the United Nations General Assembly when he was briefly held on Monday by U.S. Customs officials for allegedly possessing a suspicious item.

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