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Showing posts from December, 2013

Is Australia going to confront with Government shutdown ?

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The Australian government would be shut down if the legislatures failed to raise the debt ceiling by the December 12. Actually, Australia is known as the world's 12 largest economy and its current public debt ceiling is AU$300 billion. In order to avoid government shutdown scenario, Australia need to exceed the debt ceiling up to AU$50 0 billion equal to $452 billion, but it's currently facing opposition from the Labor Party and Greens. In Australia, the upper house (Senate) has the power to block or approve the legislation, but unfortunately Australian Prime Minister Tony Abott's coalition has the majority in the lower house. Therefore, the government has to justify and explain to the senate about the exceeding of the debt ceiling in order to convince those lawmakers to accept its proposal. Inevitably, if the proposal still be rejected by the senators, this country will enter US-style government shutdown by closing some non essential public services temporarily as well

Israel's demand is opposed to what the world wants

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The relations between the U.S and Jerusalem seem to be divided and deteriorated after the P5+1 and Iran have reached the interim agreement over Iranian nuclear issues recently and the de als were actually proposed by the US. According to Israeli prime minister  Benjamin Netanyahu - בנימין נתניהו  the nuclear deals proposed by the US and other 5 powers have been described as the historic mistake, and he strongly denounced the deal just limited on the enrichment of uranium and a more intrusive inspections regime in return for the lift of economic sanctions. Mr Netanyahu has so far warned of the possible military action against Iran, and he demanded the western powers to impose more sanctions on Iranians. Anyway, the interim deals between P5+1 and Iran have been described by many groups of people in different perspectives. Some people think it's a good deal meanwhile others think that it's a bad deal, but everyone agrees it's a big deal. Nevertheless, the deals are not consi