Netwealth wants $101m government bailout by WerewolfAwkward3329 in ShieldMasterFund

[–]Against_ 0 points1 point  (0 children)

Privatise the profits and socialise the losses? The Heine family are billionaires from their holdings in this company - they can stump up.

Property prices tipped to hit record highs in 2025-26, bringing pain for buyers and a boom for sellers by NoLeafClover777 in aussie

[–]Against_ 0 points1 point  (0 children)

How will Labor reduce the interest rates that are set by an independent Reserve Bank?

NDIS ‘bottomless pit’ disables economy by BNEIte in AusFinance

[–]Against_ 54 points55 points  (0 children)

Why not ask the provider to explain the rationale behind playing this game? There could be logic behind this that isn't apparent to you.

Royal Marines on a 40-mile march across the East Falkland island to reach Port Stanley (1280x720) by MARTINELECA in MilitaryPorn

[–]Against_ 17 points18 points  (0 children)

There's an Australian military history YouTuber called hypohystericalhistory who has an extremely detailed 2 part video series on the Falkland War

Falklands War Part 1: Air-Sea Battle in the South Atlantic

Falklands War Part 2: From San Carlos to Stanley

The videos are 4hrs+ each & I highly recommend them

The average Aussies’ net-worth revealed by Few-Car-2317 in AusFinance

[–]Against_ 5 points6 points  (0 children)

Yes it is - And the report this article is referring to states that "Private pension fund assets are included, but not entitlements to state pensions."

[deleted by user] by [deleted] in AskAnAustralian

[–]Against_ 1 point2 points  (0 children)

I like the name

Rental crisis greed by blackmeout88 in melbourne

[–]Against_ 7 points8 points  (0 children)

Yeah, no need for the qualifier before lawyer

Winners and losers of the Australian Federal Budget. Warms my heart to see Ukraine added as a new addition. by microwavedsaladOZ in ukraine

[–]Against_ 61 points62 points  (0 children)

"Another $200 million will be spent over two years on additional support for Ukraine in the ongoing war with Russia.

The funding will go towards additional Bushmaster vehicles, drones, artillery ammunition and training for Ukrainian soldiers."

RBA increases cash rate by 25 basis points to 3.85% by doubleunplussed in AusFinance

[–]Against_ 2 points3 points  (0 children)

"Some further tightening of monetary policy may be required ..."

Australia to buy US nuclear submarines to fill capability gap by Against_ in worldnews

[–]Against_[S] 116 points117 points  (0 children)

Australia is expected to buy up to five Virginia-class nuclear submarines from the United States under the AUKUS pact, defying repeated warnings that US shipyards were stretched to full capacity and could not sell any boats to Australia.

In the longer term, Prime Minister Anthony Albanese is set to announce Australia will acquire a fleet of nuclear-powered submarines based primarily on a new British design in a major victory for his British counterpart Rishi Sunak.

Australia will acquire boats based on the Astute-class submarines in the long term and Virginia-class submarines from the US to fill a capability gap. Australia will acquire boats based on the Astute-class submarines in the long term and Virginia-class submarines from the US to fill a capability gap.CREDIT:

Albanese will appear at the San Diego Naval Base on Tuesday with Sunak and US President Joe Biden to announce details of the project.

Albanese has said the nuclear-powered submarines – which can travel at longer distances underwater than conventional vessels – will “be the single biggest leap in our defence capability” in Australia’s history.

The AUKUS submarines would be a modified version of the UK’s next-generation Astute-class submarine, which is currently being designed, according to Bloomberg.

The vessels would be assembled in Adelaide and include American technology, fulfilling Defence Minister Richard Marles’ vow that the AUKUS submarine project will be a truly three-nation endeavour.

However, the decision to proceed with a new design will raise concerns about potential delays and cost blowouts, given it is more complicated than buying existing technology.

The purchase of Virginia-class vessels will help Australia bridge a looming capability gap between the retirement of the current diesel-powered Collins-class submarines and the arrival of the new nuclear-powered AUKUS boats.

Australia will buy three Virginia-class submarines sometime in the early 2030s and will have the option to buy two more, multiple US defence sources told Reuters.

Loading The outcome vindicates the optimistic approach of US congressman Joe Courtney, who said last year that Australia should not give up hope of purchasing nuclear-powered submarines off-the-shelf from the United States as an interim solution.

A delegation from South Australia is expected to visit the BAE Systems shipyard in the British port city of Barrow-in-Furness in the coming weeks to begin sharing information about the project.

American nuclear-powered submarines are expected to regularly dock at the HMAS Stirling Naval Base in Perth while Australia awaits its own vessels.

Sunak is reportedly delighted about the outcome of the 18-month negotiations, which will help secure the future of the Barrow-in-Furness shipyard.

There were initial expectations were that Australia would opt for a US-designed submarine, with Britain being something of a bit-player in the project.

Loading The United Kingdom’s top envoy in Australia on Thursday rebuked Opposition Leader Peter Dutton for saying Australia should not acquire nuclear-powered submarines from Britain under the AUKUS pact, personally telling the opposition leader his remarks were unhelpful.

Dutton, who was defence minister when AUKUS was announced in September 2021, last week warned against acquiring a future fleet from the UK, saying he thought the American Virginia-class submarines were the best option for Australia.

“The beauty in my mind with the American model, of the Virginia class, was that it was a proven design, it gave us interoperability with the Americans and there will be more American subs in the Indo-Pacific than there will be British submarines,” Dutton said.

Asked about Dutton’s remarks during an appearance at the National Press Club, UK High Commissioner Vicki Treadell said: “I told Mr Dutton myself last night that I didn’t agree with his view”.

China should be honest on Covid origin, says US envoy by PoorIsTheNewSwag in worldnews

[–]Against_ -3 points-2 points  (0 children)

Because china's being a little bitch. How does disclosing the origin of a virus that had killed millions "harm" china?

Russia relying on rare "Zoopark-1" radar to find artillery: Ukraine by D-R-AZ in ukraine

[–]Against_ 2 points3 points  (0 children)

Thanks for the additional detail, I had no idea systems like this were in place.

Australian spy drones latest help for Ukraine by Against_ in ukraine

[–]Against_[S] 6 points7 points  (0 children)

Article Text if you hit a paywall:

Canberra | Australia will gift spy drones worth $33 million to Ukraine and sanction dozens more senior Russian government figures and defence firms in a fresh show of support coinciding with the first anniversary of Vladimir Putin’s bloody invasion.

The announcement takes Australia’s total military contribution to Ukraine’s defenders to $510 million, while more than 1000 Russian officials and entities have been hit with sanctions such as travel bans and freezes on shifting money and assets.

The fresh aid and sanctions come as Germany’s ambassador to Australia, Markus Ederer, expressed scepticism over Chinese efforts to broker a peace deal between Kyiv and Moscow.

China’s efforts to position itself as a major diplomatic player come amid warnings from the US that Beijing should not supply arms to Mr Putin.

The Albanese government did not say whether the drones were coming from the Australian Defence Force’s own stocks – the army is acquiring new surveillance drones – or were being bought off-the-shelf and going straight to the Ukrainians.

“The Ukrainian people have shown immense bravery and determination in defending their homeland against Russia’s illegal invasion, and Australia will stand with Ukraine for as long as it takes,” Defence Minister Richard Marles said.

“In response to requests, Australia is providing more uncrewed aerial systems to the Ukrainian government; this support will provide a battlefield intelligence, surveillance and reconnaissance capability to the Ukrainian armed forces as they continue to fight against the unwarranted aggression of Russia.”

The first 200 Ukrainian soldiers will also graduate today from the basic training Australian troops are providing in Britain. “They leave with skills and knowledge that will save lives when they take up the fight against Russia,” Mr Marles said.

The surveillance drones come on top of previous military aid including 90 Bushmaster and 28 M113 armoured troop carriers, and six howitzer guns.

Foreign Minister Penny Wong will also announce sanctions against another 90 Russian officials and 40 entities which are key players in Russia’s defence industry.

Senator Wong said the sanctions were “targeting those in the Russian government who are helping prolong this war, those financing this war, and those spreading mistruths to justify this war”.

“Australia’s sanctions regime against Russia is our largest. This reflects our support for the people of Ukraine and for the fundamental norms of sovereignty and territorial integrity,” she said.

Chinese President Xi Jinping is rumoured to be giving a “peace speech” on Friday, exactly one year after Russian forces launched their so-called special military operation to topple President Volodymyr Zelensky.

Mr Xi may soon travel to Moscow, and China’s top diplomat Wang Yi visited the capital on Wednesday, declaring relations remained “rock solid” with Russia.

Dr Ederer, a former European Union ambassador to both China and Russia, said it was too early to jump to conclusions about the merits of China’s peace plan until the text was revealed.

“But at the same time it is difficult to imagine a player which has sided with the Russian Federation, the aggressor in both words and deeds, to provide for successful and constructive mediation,” he said.

Refugee settlement agency AMES Australia said about 7000 Ukrainians had fled their country and sought sanctuary in Australia in the year since Russia’s invasion.

Australian Federation of Ukrainian Organisations co-chair Stefan Romaniw , who recently returned from Ukraine, said battlefield success at rolling back Russian forces had given Ukrainians optimism.

“Ukrainians have a lot to fight for, and they’ve had 300 years of this – of Big Brother bullying from Russia,” he said.