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The ANZ announced a full-year cash profit of $6.5 billion on October 29. Two days later, the NAB posted a profit that was not quite so big. It had only managed $5.94 billion in the year to September. Banks make their profits in a number of ways. One is a sort of bankers’ version of two-up, betting on foreign exchange rates. This is the world’s largest market. Reserve Bank of Australia figures for April put the average Australian foreign exchange turnover at US$181.7 billion a day.
The Country Liberal government of the Northern Territory announced on October 26 it was extending a reservation over Darwin’s rural area to “protect rural and rural-residential areas of the Greater Darwin region from oil and gas development”. “Whilst the Country Liberal government is open for business, we know it is not practical to have oil and gas development in the middle of the Greater Darwin Region”, said mines and energy minister Willem Westra van Holthe.
Despite a Victorian state moratorium since last year barring the use of “fracking” (hydraulic fracturing) to extract gas, communities across the state continue to protest against gas drilling and exploration. Sixty locals protested at a test drilling site in Yarragon in Gippsland, east of Melbourne, on October 19, where Greenpower Natural Gas holds a licence to explore for coal seam gas (CSG). The moratorium on fracking does not prevent exploration works such as drilling and flaring off.
Many residents have been involved in the campaign to stop the East West tunnel in Melbourne, an $8-15 billion tollway project of Denis Napthine’s Coalition government. One resident, Keith Fitzgerald, has lived in Collingwood for 70 years. Fitzgerald told Green Left Weekly his grandparents had come over from Richmond in 1898 and settled in Collingwood. His father was born in Collingwood in 1900. Fitzgerald has lived in the same house for 69 years but has received a letter saying it is likely to be requisitioned,
The stack of new laws rushed through the Queensland parliament in recent weeks have put the Liberal National Party government on a collision course with the judiciary, the legal fraternity, trade unions and civil liberties activists not seen since the days of Joh Bjelke Petersen. These new laws — directed at bikie gangs, G20 protesters, sex offenders and workers compensation — attack basic freedoms of association, the right to protest peacefully, fair sentencing and the right of workers to sue negligent employers.
McDonald’s Australia has ceased legal action against eight community protesters — dubbed the “Tecoma 8” — who were being sued for damages over delays to construction of a McDonald’s restaurant in Tecoma, in the Dandenong Ranges on the outskirts of Melbourne.
IED EP Pataphysics Out November 8 www.pataphysics.com Multi-lingual multi-instrumentalist Pat Marks fronts the multi-faceted Melbourne band Pataphysics. As the critically-acclaimed "guerilla hip-hop" outfit prepare to launch their new EP, Green Left Weekly's Mat Ward spoke to Marks about his multifarious pursuits, from refugee rights to juvenile justice. *** You've worked with refugees for a long time. Tell us a little about the work you do.
Several thousands of people marched and rallied in the United States’ capital on October 26 in protest against the mass surveillance of almost all Americans and hundreds of millions of citizens of other countries. The huge Big Brother program, conducted by the US National Security Agency (NSA), has been exposed by Edward Snowdon, considered a hero by those demonstrating. Beginning in May last, Snowden’s trove of revelations keeps coming through releases by Glenn Greenwald in the British Guardian. ’Thank you’
The Big Truck That Went By, How the World Came to Save Haiti and left Behind a Disaster By Jonathan M. Katz Palgrave Macmillan, 2013 282 pp., $24.95 On January 12, 2010, Haiti, one of the poorest countries in the world, was devastated by a huge earthquake. Death toll estimates range from between 100,000 to more than 300,000. Nobody really knows, because Haiti was poorly governed beforehand and virtually taken over by foreign governments and non-government organisations (NGOs) afterwards.

I was introduced to Gazan hip-hop act Revolution Makers when I saw them perform a rare live hip-hop performance in Gaza City during PalFest in May.

Recently, Mamamia editor Mia Freedman wrote a blog post railing against Kim Kardashian. While by no means do I hold Kardashian up as a demonstration of feminism, I think that Freedman has this wrong, very wrong. From the title “Are you a mother or a porn star?”, which degrades the ability of women who work in the porn industry to be effective parents, Freedman projects some extremely backward views on motherhood, sexuality and body image.
A recent report details genocide against the indigenous people of West Papua carried out by the Indonesian government, which has occupied the territory since the 1960s. The report, “A slow-motion genocide: Indonesian rule in West Papua”, was written by Dr Jim Elmslie and Dr Camellia Webb-Gannon, both visiting scholars at the Centre for Peace and Conflict Studies at Sydney University. It was published in the Griffith Journal of Law and Human Dignity.