Home » December 29th, 2010 Entries posted on “December, 2010”

Petition will call for pardon for Peter Ellis

A new petition to the Governor General is to seek a full pardon for Peter Ellis, the gay man found guilty of child sexual abuse despite major public doubts about the evidence and handling of the case. Ellis was found guilty of sexual abuse of children at the Christchurch Civic Creche in the early 1990s […]

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Major aftershock cruel blow for struggling stores

By Michael Dickison In one hit, three months of economic recovery have been wiped out, say central Christchurch retailers affected by the Boxing Day aftershock. A magnitude-4.9 earthquake at 10.30am on Sunday knocked out power, damaged walls, broke sprinkler pipes, and forced shops in a central city mall to close on their biggest sale day […]

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Burnett floods

Emergency authorities are preparing for major flooding in the Bundaberg region, with the highest river levels in years expected on Wednesday. The Burnett River is expected to peak at seven metres on Wednesday. Dozens of roads are cut across the North Burnett and Bundaberg, with three houses already evacuated in Gayndah. In Bundaberg, several businesses […]

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SAS burdened with $50m dud

By Rafael Epstein NEW fighting vehicles for Australia’s elite soldiers have been condemned as white elephants that are plagued by dodgy electronics and are too heavy for army helicopters. And they are still not used in Afghanistan, despite being bought more than two years ago for nearly $50 million. Thirty-one Nary patrol vehicles were bought […]

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Vodafail class-action a portent of things to come?

By Alex Zaharov-Reutt When companies fail to live up to their promises, are hard to contact and hard to get compensation from, it should come as no surprise that its customers will rise up and revolt in as public a manner as possible, with Vodafone’s Vodafailure in stopping the Vodafail site and class action a portentous […]

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Husband facing five years in jail after hacking wife’s email

A husband who suspected his wife was having an affair faces up to five years in jail after reading her emails without her permission. Leon Walker has been charged under anti-hacking laws aimed at preventing identity theft in the US. The 33-year-old had suspected his wife Clara, who had been married twice before was having an […]

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What to do with your unwanted Christmas presents?

It’s perfect – for someone else. Emma Simon on what to do with all those unwanted gifts It’s probably not surprising that two out of three of us unwrapped a gift we didn’t really want this Christmas. But what’s more surprising is that an estimated 366,000 people already had the item listed on eBay by […]

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Floods deal $6bn blow to economy as 1000 evacuated in Queensland deluge

By David Uren and Andrew Fraser THE devastating floods across the eastern states will strip up to $6 billion from the national economy. Growth was now likely to fall well short of the Treasury’s latest forecasts. As about 1000 Queenslanders in a dozen towns were forced from their homes by the worst floods in 50 […]

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Privateers won’t dump and run as investors think twice on floats

Privateers won't dump and run as investors think twice on floats

THE pipeline of potential private equity floats is building, but most vendors are retaining stakes in the assets they take public. If equity markets remain stable, the major private equity houses in Australia are expected to list a number of companies next year following the positive response from investors to the $6 billion QR National […]

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Australian Resource News, Business News, Finance News, Bougainville, Gold and Copper Mine

Panguna mine on Bougainville Island is one of the worlds richest copper mines Source: The Australian

By Rowan Callick TALKS are under way on reopening one of the world’s biggest copper and gold mines — on Australia’s doorstep. TALKS are under way on reopening one of the world’s biggest copper and gold mines, on Australia’s doorstep — the Bougainville mine that last produced ore 22 years ago and was widely believed […]

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