But while they’ve ripped off many Australians, is $35 million really enough for the bank to think twice before potentially doing the same thing again in the future?
Before Prime Minister Scott Morrison takes a vote of no-confidence against Peter Dutton, he insisted that Australians still have faith Peter Dutton will keep the nation’s borders safe.
That may be so. But at the end of the day nations — just like individuals — need to take responsibility for their own decisions. If more Aussies were to do this, you’d hear a lot less whinging about the banks’ lending people more than they can afford to repay.
You’ll often also hear the game of chicken come up in economic game theory. It’s a game that Federal Reserve Bank of Minneapolis President Neel Kashkari says US President Trump and Chinese President Xi Jinping are currently engaged in.
When it comes to an abundance of natural resources, Australia is a world leader. And it’s not just coal, gold, iron ore and natural gas. No, Australia is also rich in lithium. You may have followed the lithium story over the past few years.
It’s not every day one of the world’s key players in the ‘war on carbon’ throws in the towel after admitting his nation and the world are incapable — or unwilling — to repair Earth’s environment. But that’s just what France’s environment minister has done.
If nothing else, last week’s antics in Canberra gave the political media pundits plenty to write about. The Australian Tribune editors included.
All politicians come under attack from their political rivals at times. But you’ll find remarkably few speaking out against Julie Bishop. Bishop’s resignation from her post has made news around the world.
In the same victorious manner with which former Prime Minister Malcolm Turnbull left the party room only days earlier, having fended off Peter Dutton 48–35, our new PM Scott Morrison emerged from the chaos today. It’s been quite the week in Australian parliamentary history. But what do we really know about the nation’s 30th Prime Minster?
Every two years we should expect a change in prime minister. That’s been the norm since 2007 — or 2010 if you want to be technical. But every time it happens, it comes as a surprise to most Aussies.
After knocking Foreign Minister Julie Bishop out of the race early on, it became a battle in which the best man would win, determined by a Liberal party room vote. The ballot gave a 45–40 result, with Morrison coming out on top.
US President Donald Trump is considering pardoning Manafort, his former campaign chairman, according to a Fox News reporter who interviewed Trump. Manafort was convicted of bank and tax fraud on Tuesday this week.
While South Australian women were granted the right to vote in 1894, Victorian women didn’t gain that right until 1908. And the battle for equality in the ensuing 110 years has been a hard slog.
The gloves were off in Parliament House this morning. After several weeks of building doubts over a possible leadership spill, Prime Minister Malcolm Turnbull decided to bring the matter to a head.
Judging by some of the outcry led by Gun Control Australia, you’d be forgiven for thinking the Tasmanian government had proposed allowing residents free access to machineguns. The reality is quite different.
Pollies in both major parties support the exorbitant excise taxes, but Liberal Democrats senator David Leyonhjelm has taken the government to task for its irrational and damaging sin taxes on tobacco.
In April this year, the ABC uncovered that more than a dozen people convicted of child sex crimes, rape, obscene exposure and assault had applied for working with children checks in the last five years…and succeeded.
It’s not hard to spot a trend emerging in how Australia deals with disciplining its citizens. Once people start acting irresponsibly, their responsibilities are taken from them.
In yet another sign that governments are unable to learn from or admit their mistakes, Canberra is ready to double down on a policy that’s already fuelling a billion dollar black market.
Most people don’t like the thought of their private messages being reviewed. But the Federal Government believes that there is a desperate need for them to be able to do so.
Unions, backed by left leaning media, made a lot of noise when some Sunday penalty rates were cut last July. They claimed it was one more example of the common man taking a hit, so the fat cats could line their pockets. But the Turnbull government has news for them.
US President Donald Trump has been working hard to end long standing divisions between the US and its de facto enemies, like Russia and North Korea. Back home, Trump is also working to end the increasingly divisive tactics of the far left and far right factions.
If it seems like everyone is out for your data, that’s because they are. What kind of data are they after? Everything really. The more personal, the better.
Arguments first began back in 2013, when Mr Wilson, a self-styled crypto anarchist, showed off the world’s first 3D-printed gun. Files showing how to replicate the process became immediately available on the Defense Distributed website, where it was downloaded hundreds of thousands of times.
These enemies provide a necessary distraction from the ineptitude of their own governments. They bring citizens together under a common cause, a common flag, in an always popular ‘us versus them’ scenario. And they vindicate the need for trillions of dollars in defence spending and ever more intrusive security operations.
Facebook has not been quiet with their push to gain access to users’ banking data and other sensitive financial information.
The latest furore comes as the social media giant is accused, along with other Silicon Valley darlings, of a coordinated censorship campaign against controversial personality Alex Jones.
The Victorian government’s spending on public servants has erupted by more than a quarter since Labor came to office. The quickest-growing wages bill of any Australian government.
More than 15 people are being questioned by police as part of a fraud investigation into Victorian Labor’s rorts-for-votes scandal. State secretary Samuel Rae said the party will continue to co-operate with police, but this didn’t stop them at hitting out at the fraud squad’s tactics.
Fortunately, Home Affairs Minister Peter Dutton has ruled out signing onto a global pact on migration. He stated that he will not allow the United Nations to undermine Australia’s borders.