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Australia faces a decade of budget deficits, with the annual total set to pass $60 billion in 2023 unless governments take tough action to “share the pain”, a leading think tank has warned. The Grattan Institute’s assessment comes as Treasurer Wayne Swan confirms the budget has taken a $7.5 billion hit since the mid-year update in October. “We have seen a really unique event in our economic life,” Mr Swan told the [...] BEIJING: A Chinese military officer has raised the spectre of nuclear weapons and warned Australia not to side with the United States and Japan as a territorial dispute in the East China Sea continues to escalate. America is the global tiger and Japan is Asia’s wolf, and both are now madly biting China. Colonel Liu Mingfu Senior Colonel Liu Mingfu, of the National Defence University, blamed America’s ‘‘orchestration’’ and Japan’s ‘‘militarism’’ for rising tensions [...] by Adrian Ash BullionVault Friday, 24 August 2012
What the history of ancient gold coins says about Europe’s kingless, faceless money today… Two hundred years later, the “insane despot” Commodus would only believe that his friend Perennius was plotting to overthrow him when he was shown coins already [...] AN ALLEGED Canadian spy has compromised Australian intelligence information in an international espionage case that has sent shock waves through Western security agencies. Jeffrey Paul Delisle, a naval officer, is alleged to have disclosed a vast trove of classified information to Russian agents on a scale comparable to the alleged handover to WikiLeaks of United States military and diplomatic reports by US Army private Bradley Manning. Sub-Lieutenant Delisle’s activities have been the [...] 12:11 p.m. | Updated The ailing cable news channel CNN on Wednesday abruptly ended “John King, USA,” its 6 p.m. political news program. The program will be replaced at the end of the month by “The Situation Room with Wolf Blitzer,” which will expand from two hours long to three hours. Mr. Blitzer’s program currently precedes Mr. King’s, beginning at 4 p.m. Ken Jautz, the executive in charge of CNN, said in an [...] ABC News The Obama campaign opened up a new line of attack on Mitt Romney Friday, suggesting that as commander-in-chief Romney might not have made the same decision to order an attack by U.S. forces to kill terrorist mastermind Osama bin Laden that President Obama did. [...] But four years ago this April, the Obama campaign criticized Democratic rival Hillary Clinton for using Osama bin Laden in a political ad. On the [...] |
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