POLITICS & POLICY

European Central Bank Pushes for a Fiscal Union

Europe is apparently moving closer to a fiscal union to address the lack of central coordination of the eurozone's debt and spending policies. That lack has been blamed for the inability of zone authorities to find a solution to the debt crisis even if they had been attempting to solve it the past 18 months,.

Attorney-General: Australia Has No Plans to Go After Assange

There is no immediate possibility that WikiLeaks founder Julian Assange will face prosecution in Australia despite his site’s recent leaks of U.S. diplomatic cables that compromised sensitive information about the country’s intelligence activities.
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Orica Leak not a Health Risk, NSW Health

Newcastle residents affected by the Orica chemical (hexavelent chromium) leak have been assured by health specialists that the leak does not pose much health risks.

James Murdoch Declines US$6M Bonus

James Murdoch declined a bonus amounting to almost $US6 million ($5.63 million) because of the phone hacking scandal at the defunct UK newspaper News of the World. He was supposed to get a payout of $US17.9 million, inclusive of the $US6 million bonus and $US8.3 million in stock awards. James' bonus was set to increase his compensation package by 74 per cent. Without the bonus, his remuneration will rise 16 per cent to $US11.9 million.

SABMiller Puts Doubt on Foster’s Financial Results

Giant global beverage company SABMiller scored Foster’s Group on Friday as it claimed that the Australian brewer utilised questionable information on its latest financial figures to likely thwart the takeover proposal lodged by the UK-based firm.

Telstra CEO Believes ACCC Will Eventually Favour its SSU

Telstra Corporation is far from being alarmed over the assessment issued this week by the country’s consumer watchdog, stating that the present form of its structural separation undertaking (SSU) leaves more room for improvements.

Gillard, Determined to Remain Prime Minister

Responding to reports of disenchantment inside Labor about her leadership in the wake of a High Court decision scuttling the government's asylum-seeker swap deal with Malaysia, Ms Gillard is remaining steadfast in the face of criticism.

PM Gillard Dismisses Threats to Her Position

Prime Minister Julia Gillard downplayed suggestions that her government is on its way out and her predecessor Kevin Rudd is positioning to reclaim the seat he had lost to Ms Gillard last year.

All Charges Dropped Against Detroit Mom Maryanne Godboldo

All charges have been dropped against Detroit mom Maryanne Godboldo, the woman who was SWAT team raided when Child Protective Services attempted to kidnap her daughter because Maryanne refused to "treat" her with psychiatric medications.

Bongs to be Banned in Victoria

The sale of bongs will be banned in Victoria next year as the State Government enacts news laws about cannabis use across the state.

Govt to Put Caps on Payday Lending Charges

The Commonwealth Government announced today it would reform the payday lending market, to help Australians who are financially excluded from mainstream financial services and struggle to live on their current incomes.

Climate Laws will Supercharge Solar, says AuSES

A not-for-profit national organisation dedicated to promoting the use of solar energy in Australia today called for all components of the Clean Energy Future package to be passed into law by the end of 2011.

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