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Greg Hunt approves Adani’s Carmichael coal mine, again: experts respond

POLITICS
Greg Hunt approves Adani's Carmichael coal mine, again: experts respond   The Carmichael coal mine (not pictured) is set to be Australia’s largest. Publishing/CSIRO, Adani’s Carmichael coal mine yesterday received the green light from federal environment minister Greg Hunt for the second time.The mine, originally approved in July 2014, had its approval...
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Adani’s planned Carmichael coal mine to shift millions to Cayman Islands controlled company

COAL
Adani's planned Carmichael coal mine to shift millions to Cayman Islands controlled company   Up to $3 billion from Adani's planned Carmichael coal mine will be shifted to a subsidiary owned in the Cayman Islands if the controversial project goes ahead, an analysis of company filings shows. Key points: • 'Royalty deed' gives...
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Big Coal

POLITICS
Book review: Big Coal Coal has become part of Australia’s economic landscape, and questioning it is difficult. Bill Collison Stuart Rosewarne, University of Sydney Burning coal is the one of the main sources of greenhouse gases, but mining expansion continues apace in Australia. Given the all-but unqualified support of federal and state governments...
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Four reasons the Australian government should consider litigation against tobacco companies

EMPORIUM
Four reasons the Australian government should consider litigation against tobacco companies     Smoking costs taxpayers more than $30 billion annually, should tobacco companies foot the bill? from www.shutterstock.com Ross MacKenzie, Macquarie University While Australia’s impressive record of tobacco control legislation has seen the national daily smoking rate fall from 24% in the early 90s...
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A gas market run by a cartel is no market

FUA AWARDS
A gas market run by a cartel is no market Despite what Canberra believes, the gas crisis is not a question of supply. The problem lies with the handful of extremely powerful companies which steer the market as they see fit. The alleged gas “crisis” in Australia is patently not about supply....
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Ponzi Scheme

BUSINESS
What is a 'Ponzi Scheme' A Ponzi scheme is a fraudulent investing scam promising high rates of return with little risk to investors. The Ponzi scheme generates returns for older investors by acquiring new investors. This is similar to a pyramid scheme in that both are based on using new funds to...
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NSW family hooked up to “free power,” as sonnenFlat deal rolls out across Australia

POLITICS
The first of the Australian households to take up the offer of “free energy” from German battery storage maker Sonnen, are having their systems installed, leaving them completely free from electricity costs for two years and paving the way for Sonnen to become a player in the national energy...
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The public should be ‘shocked, dismayed and disgusted’ at the major banks

FUA AWARDS
The public should be 'shocked, dismayed and disgusted' at the major banks ANZ and NAB have settled with ASIC over manipulation of the Bank Bill Swap Rate. Pat McConnell, Macquarie University The Australian public should be dismayed and disgusted that the major banks are still attempting to cover up the extent...
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The Trans-Pacific Partnership is back: Why lobbyists are pushing

POLITICS
The Trans-Pacific Partnership is back: experts respond Deborah Gleeson, La Trobe University; Belinda Townsend, Australian National University; Kimberlee Weatherall, University of Sydney; Pat Ranald, University of Sydney, and Peter Robertson, University of Western Australia The latest incarnation of the Trans-Pacific Partnership (TPP) is said to have “fewer bad bits”. But as...
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Pin-stripe mafia’ corrupt Australia’s Tax System – the Big Four

FUA AWARDS
How the 'pin-stripe mafia' design corporate tax avoidance. Podcast audio from the Tax Justice Network is both informative and disturbing. The current tax system is broken beyond repair. After two years of the OECD trying to patch up the system, even its biggest members the EU and US have given up...
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