Canberra’s breathtaking hypocrisy on the banking royal commission
Commissioner Kenneth Hayne has done a brilliant job of revealing the sordid underbelly of the country's financial system, but it would be naive to think that bankers won't revert to many of their previous bad habits once his blowtorch is safely packed away. To their huge annoyance, bankers have been on the back foot since…
Rare, polio-like paralyzing disorder affecting children on the rise, CDC says
Six children from Minnesota have been diagnosed with a rare but potentially severe condition that causes weakness or even paralysis in the arms and legs. According to the Minnesota Department of Health, the six cases have been classified as Acute flaccid myelitis (AFM) and were reported in children under 10 years old, living in the…
Landmark UN climate report warns time quickly running out
Temperatures could rise by 1.5 degrees Celsius as early as 2030 if global warming continues at its current pace and the world fails to take rapid and unprecedented measures to stem the increase, experts warned in a landmark UN report on Monday. The report is seen as the main scientific guide for government policymakers on…
More regulatory oversight needed for short traders: Aconex’s Leigh Jasper
Aconex co-founder Leigh Jasper has hit out at traders who shorted the stock ahead of its $1.6 billion sale to Oracle, saying there needs to be more oversight and regulatory consequences for spreading false rumours. "There's no problem with a short, but what we found frustrating was people shorting the stock and then putting rumours…
Labor, Coalition square off in Great Barrier Reef election
Australia faces a climate change election on the fate of the Great Barrier Reef after a landmark report warned that coral reefs would be destroyed by global warming of 2 degrees Celsius. Labor's acting energy spokeswoman Penny Wong laid down the gauntlet on Monday, doubling down on Labor's 45 per cent emissions reduction target and accusing…