Tony Abbott has said the closure of Alcoa’s Port Henry aluminium smelter was a result of “the carbon tax doing its job”, despite the company having explicitly stated the carbon tax was “not a factor” in its decision to shut.
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GM is recalling 778,000 units of the 2005 through 2007 Chevrolet Cobalt and Pontiac G5 over an issue where the ignition cylinder inadvertently turns out of the “Run” position, there by turning the car’s main electrical systems “off”. These systems include the engine, a…
It really was the end of the world.Read More >
The 26 Anglican bishops who signed a letter denouncing the coalition government's welfare cuts are part of a central Christian tradition that is growing as the hard times continue.Read More >
Wal-Mart is feeling gloomy about 2014, and it’s not just because of the weather.
It was easy, back in late 2008, to see what the G20 was for. The first gathering of leaders from the world's biggest developed and emerging market economies took place in Washington in November 2008, shortly after the collapse of Lehman Brothers. The idea was to prevent a colossal financial and economic crisis turning into a second Great Depression, something that seemed entirely plausible given the 1930s-style collapse in industrial output and trade. The second meeting was in London five months later, after central banks and finance ministries had acted in concert to boost demand.Read More >