Northern Territory Chief Minister Adam Giles announced a new policy on Facebookfor the Territory election in August on May 14. The policy, called “Knowledge Territory”, promises $500 education vouchers if the Territory receives royalty payments from onshore gas fracking. The ALP has announced it will declare a moratorium on fracking if it wins the election and this is Giles’ latest attempt to sell the Country Liberal Party’s position of supporting gas fracking across the Territory.
Venezuela's socialist president Nicolas Maduro told a crowd of supporters on May 15 that to increase productivity and help alleviate scarcity of basic products facing the South American nation, all businesses and factories closed down by their owners would be seized and handed over to their workers so production could be restarted. “A stopped factory [is] a factory turned over to the people,” Maduro said. “The moment to do it has come, I'm ready to do it to radicalise the Revolution.”
Last year, Puerto Rico's governor announced it simply did not have the money to repay its US$72 billion debt — on bonds owed mainly to US financiers. On May 2, the US's Caribbean colony defaulted on $400 million that was due on that day. A further $2 billion is due on June 1.