It seems that the much loved Santa Claus is now come under the scrutiny microscope of some experts who have blamed that mythical creature of living and acting in a way which could "damage millions of lives".
According to experts, the zooming red suit clad spreader of Christmas cheer and deliverer of gifts is an "unwitting promoter of obesity, unhealthy products, disease and even drink driving". The concerns have been raised by an Australian academic.
An international team of astronomers, some of which are Australian scientists as well, have, using telescopes in Australia and Hawaii, claimed that they have discovered four new planets, reportedly orbiting around 2 shiny stars which appear to be like the Sun.
The discoveries have been made jointly by Australian, American and British astronomers, who used the Anglo-Australian Telescope in NSW and the Keck Telescope in Hawaii to reach to this groundbreaking revelation.
Huge hikes in the electricity prices across the New South Wales area have been suggested by the Independent Pricing and Regulatory Tribunal, over the coming 3 years. The tribunal, in the drafted recommendation, called for a price hike of at least 62% spread over July 2010 to 2013.
The hardest hit would be the country energy customers, who would see their electricity bills jump by an estimated $900 by 2013.
On Tuesday, on the back of minutes issued from the Reserve Bank of Australia's December meeting, which suggested that there would be a pause in the tightening of policies, the Australian Dollar gained momentum in late trading.
At about 17.00 AEDT, the currency recorded a trading value of $US0.9124/27, which is marginally up from Monday's closing rate of $US0.9107/11.
Believing that the economy is now just about alright, the Reserve Bank has lifted its interest rates for the third consecutive month, a development which could hurt a majority of Australian borrowers. As was being widely expected by experts, the rates were hiked by 25 basis points or 3.75% in the board meeting.
Scientists in Australia have confirmed that 'comfort food' can help in significantly reducing the stress. Some chocoholics already were aware of this fact.
The Professor of Pharmacology, Margaret Morris, said that when we eat foods that are rich in fat and sugar then the chemical composition of the brain can change and thereby reduce stress.
Among the many interesting shopping developments that happen across the US during the holiday season, one is "Black Friday", the immediate Friday after Thanksgiving, which most retailers’ countrywide mark by dropping prices and offering various attractive sales offers. Apple is now bringing this tradition to Australia and is expected to hugely cut prices on its merchandise on the day.
Construction work in Australia surged during the three months to September 30, beating forecasts, the Australian Bureau of Statistics said.
Most of the economists were expecting the value of construction to remain unchanged.
The value of total construction work during the September quarter rose by a seasonally adjusted 2.2 per cent to A$39.6 million.
The value of total construction during the three months ended June was revised to report a rise of 4.5 per cent.
The World’s first test has been developed by Australian scientists for a technique that cancer cells use to develop. This advancement in the field may speed up the development of new types of anti-cancer drugs.
It could also facilitate blood screening for early detection of some aggressive tumors and to monitor the effects of treatment.
The advance, made by researchers at the Children’s Medical Research Institute, could speed up development of new types of aanti-cancer drugs.
JPMorgan has brought the custodian services business of Australia and New Zealand Banking Group Ltd in New Zealand and Australia.
Shayne Elliott, Managing Director of ANZ's institutional business informed that that the decision has been guided by ANZ’s plans to focus on the institutional business of the bank in Australia, New Zealand and Asia.
The number of new home loans soared in September as first-home buyers rushed to get benefits of government grants before the First Home Owners’ Boost expires on December 31.
Figures released by Australian Bureau of Statistics showed that the total value of housing finance commitments jumped 4.8 per cent in September.
Loans for the construction and the purchase of new homes jumped 5.5 per cent through September. It was the twelfth increase in the past thirteen months.
Philip Lowe, assistant governor of Reserve Bank of Australia, said that Asia remained more successful than other regions of the world in providing a resilient and strong financial system.
Philip Lowe said that Asian countries depends less on financial markets and more on financial institutions.
Mr. Lowe described the term ‘global financial crisis’ as a misnomer because the crisis did not affect Asian countries.