14th November, 2018
Fight terrorism in all its forms

The modern wave of Islamist terrorism again struck Australia
with the frenzied knife attack on Melbourne's Bourke
Street on 9 November. In response, Prime Minister Scott Morrison
lectured Muslim leaders to be more proactive in detecting
and reporting extremist activity in their community. Controversial
Senator Fraser Anning repeated his call for a plebiscite
for Australians to vote on whether we want Muslim immigrants
like the assailant, or European immigrants like his
victim Sisto Malaspina.
Keep reading...
Articles include the following:
- Banks tell Royal Commission: Don't you change us—or else!
- Banks and their pollies up to usual tricks with financial advice 'reforms'
- Gas pipelines should be public utilities, not private monopolies
- Anti-China hawks in a flap over Victoria's Belt and Road agreement
- Midterm elections set the stage for 2020 battle
- China lays plans for inclusive cooperation at trade expo
- Will Modi override bankers in favour of the people?
- Asia Times reports refutation of China 'debt-trap'
- Are we sleepwalkers? What have we learned from how World War I broke out?
- Crown's MI5 set to 'investigate' far-Right extremists
- May the Guns of August, this time, remain silent
- ALMANAC: Little Round Top: Fighting for a higher cause
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20th November, 2018
Government senator confirms APRA law is ‘bail-in’—amend it to exclude deposits!
A government Senator has contradicted Treasury and the ex-banker who controls the Senate Economics Committee and confirmed that the APRA crisis resolution powers legislation sneaked through Parliament in February is a “bail-in” law.
Queensland LNP Senator Amanda Stoker’s explanation of the Financial Sector Legislation Amendment (Crisis Resolution Powers and Other Measures) Act 2018 proves that there is confusion in the government on this law, and therefore it needs urgent clarification through an amendment to explicitly state what the government claims—that it will not bail in bank deposits. (See below for instructions on demanding an amendment.)
Senator Stoker, a top barrister who has been a prosecutor as well as a judge’s associate in both the Queensland Supreme Court and High Court of Australia, explained in a 5 November 2018 letter to a constituent:
“The legislation facilitates bail-in as a type of resolution power which is available for dealing with financial institution distress. This was done after the G20 leaders endorsed a new Financial Stability Board standard for Total Loss-absorbing Capacity. Specifically, it builds on the Key Attributes which specifies that Financial Stability Board jurisdictions should have in place legally enforceable mechanisms to implement a bail-in. The purpose of the Total Loss-absorbing Capacity standard ensures there are mechanisms in place to stop the ‘domino effect’ and reduce loss on [sic] bank shareholders, creditors and the Government.”
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