Search Results for: australia

Australian military starts training on US Reaper drones

Reaper drones Australia

Australian air force personnel have begun training on armed drones in the United States, Australian defense officials said on Monday, less than a week after Washington said it would begin exporting the controversial weapons system. The U.S. State Department last week said it would allow exports of lethal military drones …

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Media banned from reporting on Reserve Bank of Australia corruption scandal

Reserve Bank

On 29 July 2014, WikiLeaks releases an unprecedented Australian censorship order concerning a multi-million dollar corruption case explicitly naming the current and past heads of state of Indonesia, Malaysia and Vietnam, their relatives and other senior officials. The super-injunction invokes “national security” grounds to prevent reporting about the case, by …

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Australian PM: freedom must be given up for security

Australian Prime Minister Tony Abbott

Australia aims to strengthen security by introducing new legislation to combat homegrown terrorism, said PM Tony Abbott. The new laws will criminalize travel to some conflict areas and grant authorities broader access to citizens’ communications. “Regrettably, for some time to come, the delicate balance between freedom and security may have …

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Is Australia’s economy set to crash?

Australian consumers are more worried about the medium term outlook than at the peak of the financial crisis, and rightfully so. As The Telegraph reports, by the end of the first quarter this year, Australia’s net foreign debt had climbed to a record $955bn, equal to an already unsustainable 60pc of gross …

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Australian sports commentator fired for anti-war tweets

No war Australia

Editor’s note: Another prominent Australian journalist, Mike Carlton, was forced to resign after criticizing Israel’s due to their slaughter of the Palestinian people. Australia’s SBS channel sacked one of its top football commentators, Scott McIntyre, for a series of tweets on Anzac Day doubting the wisdom of glorifying Aussie troops in any …

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Australian government set to tax bank deposits

Australia Tony Abbott

The Australian Federal Government looks set to introduce a tax on bank deposits in the May budget. The idea of a bank deposit tax was raised by Labor in 2013 and was criticised by Tony Abbott at the time. Assistant Treasurer Josh Frydenberg has indicated an announcement on the new tax …

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Australian propaganda TV outlet Network 10 goes into administration

Network 10 Channel administration

Troubled free-to-air broadcaster Network Ten has been placed into voluntary administration after its billionaire backers walked away. The network was widely expected to enter administration today, after it emerged yesterday that Ten shareholders Lachlan Murdoch, Bruce Gordon and James Packer decided against guaranteeing a new $250 million loan to replace …

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Australia’s household debt-to-income ratio is at an all-time high

Australia household debt income ratio

The Bank for International Settlements has warned that record household debt levels amassed in the past decade have left Australians among the most vulnerable to a sharp rise in global interest rates. According to the Reserve Bank of Australia, household debt-to-income ratio for Australia is at an all-time high of 189%. …

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Australia joins list of nations selling bonds with negative yield

Flag Australia

Australia has this week joined the illustrious list of governments that have been able to borrow money at negative interest rates. The Australian Office of Financial Management, which manages the government’s debt programme, sold $200 million of inflation-linked bonds maturing in 2018 to 13 investors on Tuesday at a yield of …

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Australia’s largest coal miner makes $15 billion, pays zero tax

Coal mining

Australia’s largest coalminer, Glencore, paid almost zero tax over the past three years, despite income of $15 billion, as it radically reduced its tax exposure by taking large, unnecessarily expensive loans from its associates overseas. At up to 9 per cent, the interest rates on these $3.4 billion in loans …

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Australia to pass NDAA style indefinite detention law

Sydney

Following Australia’s passing of draconian anti-terror laws late September, the country took another step in the direction. This may allow its security services to detain anyone without charge even before other methods of questioning have been exhausted. The proposed new laws will be subject to a parliamentary inquiry’s decision before …

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Australia’s NSA (ASIO) seeks spy access to global internet

Australia George Orwell

New national security legislation designed to make it easy for the Australian Security Intelligence Organisation (ASIO) to tap, access, and disrupt target and third-party computers and networks is so broad that it could in effect give ASIO access to every computer on the internet, according to legal experts. Attorney-General George …

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