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Australia to Sign-up For China-based Asian Infrastructure Investment Bank

Posted: March 28th, 2015 | Author: | Filed under: Business News | Tags: , , , , , , | Comments Off on Australia to Sign-up For China-based Asian Infrastructure Investment Bank

Australia to Sign-up For China-based Asian Infrastructure Investment BankThe Australian Federal Government will sign a memorandum of understanding that will allow Australia to participate in negotiations to set up the $100 billion China-led Asian Infrastructure Investment Bank – AIIB.

The Beijing-based bank was launched late last year and is designed to help finance development projects like road, rail and power infrastructure in the rapidly growing Asian region.

More than 20 countries have signed on as founding members.

In the past month, major Western powers including Britain, France, Germany and Italy have also announced their intention to join.

Australia had resisted joining, but a joint statement from Prime Minister Tony Abbott, Foreign Affairs Minister Julie Bishop and Treasurer Joe Hockey said the Government would sign the MOU that would allow Australia to participate as a prospective founding member :: Read the full article »»»»


Renault on Brink of Quitting F1 Over Engine Stoush

Posted: March 28th, 2015 | Author: | Filed under: Grilled Auto News, Grilled Motoring News | Tags: , , , , , , | Comments Off on Renault on Brink of Quitting F1 Over Engine Stoush

Renault on Brink of Quitting F1 Over Engine StoushFrench auto-giant Renault has said it is reviewing all its Formula One options, including quitting the sport or buying the Toro Rosso team, after stinging criticism of its engine.

The car maker has been at loggerheads with main partners Red Bull since Mercedes decisively ran-away with the season opening Australian Grand Prix earlier this month.

Despite signs of improvement in Friday practice at the Malaysian Grand Prix, Renault Sport F1 managing director Cyril Abiteboul did not pull any punches when asked at a news conference about the situation.

Renault supplies power units to former champions Red Bull and sister team Toro Rosso, its only remaining clients after Caterham folded and Lotus switched to Mercedes :: Read the full article »»»»


Iron Ore Stocks Crumble as Price Drops to Six-year Low

Posted: March 8th, 2015 | Author: | Filed under: Business News | Tags: , , , | Comments Off on Iron Ore Stocks Crumble as Price Drops to Six-year Low

Iron Ore Stocks Crumble as Price Drops to Six-year Low
Iron ore stocks have taken a beating on the share market, with the price of the commodity falling below $US60 a tonne. The benchmark price of iron ore dipped to $US59.3 a tonne overnight, hitting a fresh six-year low.

Prices for the steel making commodity have more than halved over the past year, driven by massive expansions in the Pilbara and Brazil. It has glutted the market, a situation the World Bank is predicting could last for up to two years :: Read the full article »»»»


Australian Halal Money Funds Terrorism According to Jacqui Lambie, But She’s Not Alone

Posted: February 11th, 2015 | Author: | Filed under: Favorite New Thought, From The Web | Tags: , , , , , , | Comments Off on Australian Halal Money Funds Terrorism According to Jacqui Lambie, But She’s Not Alone

VIA FACEBOOK

Jacqui Lambie has questioned whether halal certification funds militants in Syria and Iraq. The independent senator is threatening to introduce a private senator’s bill to stop what she believes is “halal money” funding terrorist group Islamic State :: Read the full article »»»»


Finland Calls Finish to Cursive Hand-writing Lessons in Classrooms

Posted: February 6th, 2015 | Author: | Filed under: Favorite New Thought, From The Web | Tags: , , , , , , , , | Comments Off on Finland Calls Finish to Cursive Hand-writing Lessons in Classrooms

Finland Calls Finish to Cursive Hand Writing Lessons in Classrooms

Finland is scrapping cursive writing lessons in schools from next year and will instead teach children how to type, raising questions for the future of handwriting in Australian classrooms.

The country’s board of education said learning to type was “more relevant to everyday life”, a skill that Australian experts agreed was a better use of school time. Since implementing education reforms 40 years ago, Finland’s school system has consistently come at the top for the international rankings for education systems.

Finnish children don’t start school until they’re 7, exams don’t kickoff until they’re into their teens – going unmeasured for the first 6 years of education – There is only 1 mandatory standardised test – taken at 16 yo – and the difference between the weakest and strongest student is the lowest on the planet. So should we be taking notice? :: Read the full article »»»»