Prime Minister Kevin Rudd has urged Australians to quickly spend money they receive as part of the Government's economic stimulus package.

From tomorrow, families, pensioners and some low income earners will start receiving payments as part of the Government's $10.4 billion package designed to keep the economy out of recession.

Mr Rudd says by spending the money quickly, everyone can help to avoid a rise in unemployment.

Prime Minister Kevin Rudd has temporarily put aside hostilities on the final scheduled parliamentary sitting day to wish the Opposition a Merry Christmas.

Mr Rudd has used a parliamentary speech to thank all parliamentary staff and his Labor colleagues for their efforts during the Government's first year in office.

In the much praised career of Eric H. Holder Jr., President-elect Barack Obama’s choice to be attorney general, there is one notable blemish: Mr. Holder’s complicated role in the 2001 pardon of Marc Rich, a billionaire financier who had fled the country rather than face federal tax evasion charges.

November 23, 2008

That Money Isn’t Leaving the Vault

From plastic bags to all kind of pollution, we create events and chemicals that combine to contribute to the extinction of animals and plants. Unfortunately it seems, we've made the decision to destroy the natural planet, while keeping a few zoos for entertainment value...  

The only educational value plummets to "what once used to be not a very long time ago". Tragic. 

Detroit came to Capitol Hill on Tuesday, cap in hand and requesting $25bn in alms. 

As if to underline the fact that the financial crisis is shaping every corner of industry, the three top executives of what is still known as the Big Three companies of the US car industry appeared at the US Senate banking committee asking for a slice of the US's $700bn (£467bn) financial rescue package. 

The errors of Iraq are being repeated - and magnified ....

The awful prospect is of Obama and Brown, no fans of the 2003 invasion, blundering on in a more perilous war: Afghanistan.

US Treasury Secretary Henry Paulson has clashed with members of Congress over the $700bn US financial bail-out plan.  

Mr Paulson told a Congressional committee that injecting cash into banks was the most effective way to stabilise the financial system.