Search Results for: australia

Australian military kills more civilians in Iraq

Australian military kills civilians Iraq

The Australian defence force says allegations that an air force bomb in Mosul, Iraq, killed civilians are “credible”. The Australian Super Hornet airstrike last year is said to have killed two civilian adults and injured two children when it bombed a terrace house in west Mosul. Amnesty International says the strike “may …

Read More »

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 …

Read More »

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 …

Read More »

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 …

Read More »

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 …

Read More »

Australia’s biggest bank facing trillion dollar fines for money laundering

Commonwealth Bank CBA Ian Narev money laundering fines

Even the Commonwealth Bank’s staunchest critics wouldn’t have predicted this one. This is the bank potentially blowing itself up. CBA is facing fines of about a trillion dollars for nearly 54,000 breaches of Australia’s money-laundering laws dating back to 2012. A trillion dollars, which is a thousand billion. About seven times Commonwealth …

Read More »

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%. …

Read More »

Secret US military bases in Australia are putting the country at risk

us-military-base-australia-north-west-cape

The United States is strengthening a network of secretive military bases across Australia that could be used for waging wars against our interests, it was claimed at a weekend summit. Instead of fostering crucial relationships, we are allowing the US to create enemies for us with its growing strategic presence …

Read More »

Australia’s economy goes 25 years without a recession

australia-economy-gdp-recession

By Filip Karinja Australia’s second quarter gross domestic product results have been released showing that the economy grew by 3.3%, making it the strongest growth experienced since the June quarter in 2012. This is now the 100th quarter that Australia has gone without technically experiencing a recession, closing in on the …

Read More »

Why Australia can’t avoid a recession

Steve Keen Australia recession

By Filip Karinja On the 28th July 2016, Professor of Economics at Kingston University, Steve Keen, gave a presentation on the outlook of the Australian economy at The Royal Society of Victoria located in Melbourne. The British-based economist and author of the popular Debunking Economics book considers himself to be …

Read More »