POLITICS & POLICY

Australia tackles identity theft problem

Attorney-General Robert McClelland today released new research which shows nearly one in six Australians have been a victim or known somebody who has been a victim of identity theft or misuse in the past six months.

Thailand elects first woman Prime Minister

Thais had voted for their first woman prime minister. Yingluck Shinawatra received the highest votes so far as the Elections Commission finish their tallying until this afternoon. Other leading candidate, concurrent Prime Minister Abhisit Vejjajiva has conceded defeat on Sunday evening.

Australia's manufacturing sector rebounds in June

The manufacturing sector in Australia has begun its positive production kick in four months in spite the difficulties in coping with the high value of the Australian dollar and subdued local demand.
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IMF warns of global economic distress if US falters on its credit ratings

Standard & Poor's has threatened to downgrade the U.S. sovereign rating, which is currently 'AAA', to 'D', meaning a default in the country's credit worthiness, if the government fails to honor U.S. Treasury debt payments. On this predicament, the IMF said: "At the opposite extreme, an excessively front-loaded adjustment could hurt the recovery. And a worsening of financial turmoil in European sovereign and bank debt markets could hurt U.S. growth through financial sector l...

Industry allays consumer concerns on solar power safety

Australia’s renewable energy sector has reassured consumers about the safety of household solar power systems after NSW Government released a statement yesterday discussing the results of an audit conducted by the Office of Fair Trading.

Australia's business confidence staggers to 15-year lows

Small business support for the Australian Government has fallen to a 15-year low, according to the Sensis Business Index released today. SMEs have become much less supportive of the Federal Government’s policies, with the indicator declining sharply during the quarter to be the lowest level since February 1996.

Albanese: Rio Tinto will continue uranium mining amidst challenges

Despite the nuclear meltdown scare spawned by Japan’s near-uranium leak, Rio Tinto said on Wednesday that it remains committed to stay in the uranium mining operations even as the global resource giant has admitted that growth in the sector could some snag over the next 10 years.

France’s Christine Lagarde voted as new IMF chief

Reforms sought by countries outside the European bloc, which include Australia, appeared to have missed the mark as the International Monetary Fund board voted on Tuesday to seat its new managing director, Christine Lagarde of France, and keep control of the influential financial institution on the Euro side.

TRUE OR UNTRUE: The Aussie invasion, Lady Gaga, jailed blogger & more

Although most of the 22 million Australians are of British or Irish origin, the councilors at Sydney this week agreed to use the word "invasion" -- instead of "arrival" as proposed in the original plan, or "colonisation" as proposed in a compromise -- in its preamble to the council's new 2030 master plan.

Many Australians unprepared for retirement --study

Australia still needs to spur its campaign to urge citizens to prepare for retirement, a new research done by Roy Morgan said in order to achieve a 90 percent average confirming plans for the said years.

IMF: Australia supports Cartens bid

International Monetary Fund's top contender for managing director Agustin Carstens had won the support of Australia and Canada as against rival French Minister Christine Lagarde.

North Korea vs. United States: Kids being trained to hack?

The United States and North Korea are never in agreement with each other. They are in a dispute about South Korea, Pyongyang's nuclearization and arms proliferation, and many more. There have been tensions between them in the land, sea, and air, and they might as well take their dispute to the Internet.

Waterworld near? Antarctica glacier melting 50% faster

The Pine Island Glacier, West Antarctica’s biggest glacier, is melting 50 percent faster than in 1994, adding to a global increase in sea levels, by U.S. and U.K. scientists said in a study published in the journal Nature Geoscience.

Australia's PM Gillard paying price for unpopular carbon tax

Australia's Prime Minister Julia Gillard is celebrating her first year in government with almost 60 percent of citizens wary of extending support to reforms she wanted to undertake specifically a carbon emissions tax deemed unpopular in an economy fueled by the mining sector.

PM Gillard finalises NBN deals with Telstra and Optus

The Australian government finally sealed its hard-fought agreements with two of the country’s leading telcos that hopefully will roll out the implementation of the National Broadband Network, pending the approval of the Australian Competition and Consumer Commission (ACCC).

Gillard: Australia will complete Afghan mission despite US troops pullout

Nothwithstanding US President Barack Obama announcement on Wednesday that thousands of troops will proceed with its planned 30,000- pullout, which is en route to an exit by 2014, Australian Prime Minister Julia Gillard has remained firm that she will make sure diggers posted in Afghanistan will complete their mission.

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