John Richardson's blog
The 2008 financial crises and meltdown occurred because large banks were speculating in fraudulent risky loans that failed. When the meltdown occurred, banks turned to the federal government, who immediately bought into the idea that banks were too large to fail, and taxpayers subsidized banks to the tune of trillions of dollars. No one really knows how much the bailout cost, but here is partial list of banks you generously helped out:
Citigroup - $2.513 trillion
One of the most startling cases of a government using the fig leaf of “national security” to protect its own interests is happening right before our eyes - and it should have Australians up in arms.
Politicians say a lot of things in public, and so it’s only natural that occasionally they will use words incorrectly. Lampooning sometimes follows, and in most cases the mistakes should be quickly forgotten and forgiven. (The exception being gaffes, where an inadvertent truth is revealed, but we can talk about that another time – I’m sure it won’t be long until we have an excuse.)
It's all starting to fray badly around the edges for Malcolm Turnbull, writes Bob Ellis.
Is Australia really a multicultural safe haven of equal opportunity? Or is racism more prevalent than ever before?
Just hours after the UK Parliament’s vote to bomb Syria on December 2, four British jets were scrambling from their base in Cyprus, on their way to strike oilfields held by ISIS.