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Will the Mueller probe examine Trump’s Russian business ties?

Robert Mueller, who was recently appointed as a special counsel to investigate Russian interference in the Presidential election, will have the opportunity to look at the elephant in the room behind Donald Trump’s presidency and his links to Russia. The bottom line is Trump has extensive business ties to Russia. As Kevin Hall and Nicholas…

Hypocrisy over Chloe Shorten’s necklace

In another example of how bad political discourse in Australia has become, there’s the big controversy which broke out during the week with Liberal MPs texting journalists alerting them to the way Chloe Shorten removed a glistening necklace about 30 minutes into Bill Shorten’s budget-in-reply speech. They had assumed it was an expensive piece of jewellery and…

Macron vs Le Pen: France is no longer one country

The latest opinion polls had Emmanuel Macron extending his lead in the polls over his far-right rival Marine Le Pen on Friday. An Ifop-Fiducial survey on Friday afternoon, hours before official campaigning closed at midnight, showed Macron on course to win 63 percent of votes in the second round and Le Pen 37 percent, the best score…

Turnbull government attacks banks over Adani

The big news yesterday was Westpac ruling out financing Adani Group’s controversial, giant coal mine in Queensland’s Galilee Basin under the bank’s new climate change policy. This came after activists disrupted Westpac’s 200th birthday party to pressure the bank into guaranteeing it will not fund the proposed Adani coal mine in Queensland. Westpac’s decision means that all four banks…

Why the French election is important

The elections in France might well have echoes of Brexit. The polls badly misread global populist and had an impact on the British government, forcing David Cameron to resign and raising questions about the future of Europe. The first significant rollback in the continent’s economic integration is still playing out. And Britain is now going…

Russian navy moves in

There’s been a military response from the Russians to Trump’s attacks in Syria. The Russian frigate, Admiral Grigorovich RFS-494, crossed through the Bosphorus Strait and was reportedly heading towards the two U.S. Navy destroyers that launched missile strikes into Syria. The Admiral Grigorovich is armed with advanced Kalibr cruise missiles. Meanwhile, Fox News says one of the…

Australia is one of the world’s worst money laundering property markets

Australian real estate agents with offshore sales offices and websites targeting foreigners are attracting money launderers. That’s one of the findings in a new Transparency International reportDoors wide open: corruption and real estate in four key markets. The report found money laundering through real estate is particularly rife in Australia, the US, UK and Canada. In…

Peter Dutton goes poofter bashing

During this weekend, Immigration minister Peter Dutton singled out Qantas CEO Alan Joyce and blasted him over gay marriage. In his address to the Liberal National Party’s state council meeting in Cairns on Saturday morning, Dutton got stuck into CEOs for campaigning in favour of same sex marriage. A letter signed by more than 30 CEOs from…

Trump will take the market to a fiscal bloodbath

After Trump’s address to Congress, which said nothing new, the Dow Jones surged to its all time high of 21,000. Trump’s speech was widely praised for its positive tone. But the problem is it lacked specifics about tax reform and deregulation, two key components of the market’s postelection rally. So for now, investors are trusting Trump…