Monthly Archives for February, 2019



Fed pumps $600bn into US economy

Posted on: February 4th, 2019 by
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The Fed said it would buy the long-term government bonds by the middle of 2011 to further drive down interest rates on mortgages and other debt.

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This is in addition to an expected $US250 billion ($A250.8 billion) to $US300 billion ($A300.96 billion) in Fed purchases over the same period from reinvesting proceeds from its mortgage portfolio.

The idea is for cheaper Continue reading the story "Fed pumps $600bn into US economy"

Libs to preference ALP in Victoria

Posted on: February 4th, 2019 by
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The Victorian Liberal party will direct preferences to Labor, before the Greens at the upcoming state election, Melbourne's Age reports, with potentially devastating results for the Greens' hopes of winning seats, and therefore the balance of power.

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Over the weeekend, a row between Labor, the Coalition and the Greens over preference deals ahead of the November 27 poll Continue reading the story "Libs to preference ALP in Victoria"

Rolls-Royce shares fall after incident

Posted on: February 4th, 2019 by
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Shares in Rolls-Royce PLC have dropped more than 4 per cent after an engine manufactured by the company blew out on a Qantas Airways-operated Airbus A380 superjumbo jet.

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Qantas grounded its six-strong A380 fleet, which all use Rolls-Royce engines, after the midair incident on Thursday on the Singapore to Sydney Flight QF34.

The plane with more than 450 Continue reading the story "Rolls-Royce shares fall after incident"

Qantas explosion result of ‘teething troubles’

Posted on: February 4th, 2019 by
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A leading Air Safety Expert has told SBS online that 'teething troubles' are to be expected when new aeroplanes and engines are put to commercial use.

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Listen!

John Guselli, Chair of the Australian Advisory Board to the Flight Safety Foundation, said the return to Changi Airport after the 'uncontained engine failure' suffered by a Qantas Airbus A380 yesterday, was 'almost...a routine Continue reading the story "Qantas explosion result of ‘teething troubles’"

At-a-glance: The Hajj explained

Posted on: February 4th, 2019 by
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The Hajj pilgrimage occurs in the last month of the Islamic calendar and is based on the sighting of the crescent moon.

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But while the Hajj is a religious practice of Muslims today, the pilgrimage began thousands of years before the birth of Islam's prophet Mohammed.

Pop up and listen: Muslims gather for Hajj

According to religious scholars, it goes back to Continue reading the story "At-a-glance: The Hajj explained"

‘Bold thought’ needed if referendum to succeed

Posted on: February 4th, 2019 by
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"Bold thought" is needed on ways to engage the community on the question of recognising indigenous Australians in the Constitution, according to a constitutional expert.

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A referendum can only succeed when a majority yes vote is achieved in a majority of states.

Griffith University's Dr Ron Levy said despite Julia Gillard's symbolic announcement of a referendum today, there is still a Continue reading the story "‘Bold thought’ needed if referendum to succeed"

Rescuers prepare for loss of life at NZ mine

Posted on: February 4th, 2019 by
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Rescuers at the Greymouth mine in New Zealand say they are preparing for a possible loss of life.

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Pike River Coal CEO Peter Whittall said they still do not know if it safe enough for rescuers to head down, while the option of a robot being used to facilitate any possible rescue still needed to be examined.

Drilling at the Continue reading the story "Rescuers prepare for loss of life at NZ mine"

Indigenous recognition must not be ‘token gesture’

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Indigenous community groups have called on the federal government to ensure the recognition of Indigenous Australians in the constitution does not turn into a token gesture.

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Prime Minister Julia Gillard announced an expert panel will be set up to examine the proposed referendum which will report back to the government by 2011.

The panel will be made up of Indigenous Continue reading the story "Indigenous recognition must not be ‘token gesture’"

PM flies into heated G20

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Debate over redressing major international financial issues stemming from China's rapid expansion and the US's deficit woes have spilled over at a G20 meeting in Seoul.

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South Korean spokesman Kim Yoon-Kyung says each country's deputy financial minister was sticking to their original position, with voices raised, and no compromises forthcoming.

"Voices were raised," Kim said. "They wouldn't compromise. They actually had Continue reading the story "PM flies into heated G20"

EU bailout endangers Irish government

Posted on: February 4th, 2019 by
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Investors dumped Irish bank shares and Ireland's government struggled to survive on Monday after conceding it will need a massive bailout aimed at containing Europe's debt crisis.

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Experts, however, said the Irish aid package would do little to shield other heavily indebted European countries from the risk of eventual default, most immediately Portugal but also potentially Spain, Italy and Greece.

Ireland's Continue reading the story "EU bailout endangers Irish government"