Chairperson of the Australian Prudential Regulatory Authority (APRA) Wayne Byres recently said that he would not use the “B-word” to describe the housing market, preferring instead to use “heightened risk” rather than housing bubble.
Here we go again. The second version of the Omnibus bill that the Turnbull government is trying to drive through parliament — the Social Services Legislation Amendment (Omnibus Savings and Child Care Reform) Bill 2017 — promises yet more savage attacks on welfare recipients and the working poor, and we haven't even seen the 2017–18 budget yet.
The CSIRO will spend $29.7 million on a three-year project to conduct an assessment, separation and treatment of radioactive waste at a CSIRO facility located on Department of Defence land near Woomera, South Australia. The Woomera facility is one of Australia’s largest storage sites for low and intermediate-level radioactive waste.
About 2500 workers have been on strike since February 9 at the Escondida mine in Chile’s north.
Owned by two Anglo-Australian mining giants, BHP Billiton and Rio Tinto, Escondida is the largest producer of “red gold” in the world. The mine extracts about 900,000 tonnes a year. This represents 20% of copper production in Chile, the country with the largest copper reserves in the world.
Amid the horrors of Syria’s multi-sided civil war, a ray of hope has broken out in the north.
Led by left-wing Kurdish forces in Rojava following a 2012 insurrection that liberated the area from the regime’s control, the Rojava Revolution aims to build a new system on the principles of women’s liberation, a multi-ethnic participatory democracy, ecology and solidarity.
The appointment of former Queensland Labor premier Anna Bligh as CEO of the Australian Bankers' Association (ABA) is a desperate public relations ploy by the Big Four Australian banks to head off a looming royal commission into their crimes and misdeeds.
It seems unlikely to succeed, given the anger in the community against the Big Four — the Commonwealth, National Australia Bank, Westpac and ANZ — and their systematic gouging of the general public.
Ecuador’s National Electoral Council (CNE) announced on February 22 that the presidential race will head to a second round after left-wing candidate Lenin Moreno came first in the February 19 election, but fell agonisingly short of the 40% needed to win a first-round victory.
Moreno, from the ruling Alianza Pais (AP) of outgoing President Rafael Correa, won 39.35% of the vote. He beat right-wing Guillermo Lasso of the opposition CREO party by more than 10 percentage points, with the ex-banker winning 28.12%.
The widespread jubilation when it was announced that Puerto Rican political prisoner Oscar Lopez Rivera would be released in May shows that liberation struggle still resonates in the Caribbean island that remains a United States colony.
Members of the Argentine Metal Workers’ Union (UOM) marched to the Ministry of Labour in Buenos Aires on February 14 in protest of thousands of jobs cut from electronics manufacturing companies.
The cuts came after a government decision to eliminate a 35% tax on computer imports.
Protesters gathered in front of the National Congress of Argentina before marching to the offices of the Ministry of Labour, Employment and Social Security, with many banging drums and waving flags.
Other unions also took part in the demonstration.
Despite global financial crises that have rocked the small South American nation in recent years, Ecuador has managed to achieve landmark social and economic progress in the past decade under the left-wing government of President Rafael Correa, according to a new report from the Centre for Economic and Policy Research.