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$A dips on trade data

Written By Unknown on Kamis, 05 September 2013 | 13.01

The Australian dollar fell by a fifth of a US cent after the release of July trade data. Source: AAP

THE Australian dollar fell by a fifth of a US cent after the release of weaker than expected international trade figures.

Australia posted a goods and services trade deficit of $765 million in July in seasonally adjusted terms, after a $243 million surplus in June, official figures show.

Market forecasts had centred on a surplus of $100 million.

At 1133 AEST, the Australia dollar was at 91.58 US cents, down from 91.76 cents just before the figures were released.

The currency ended Wednesday's local session at 91.29 cents.


13.01 | 0 komentar | Read More

Obama fights for majority on Syria action

PRESIDENT Barack Obama has signed up power brokers in Congress for strikes on Syria but, in an era of insurgent politics haunted by Iraq, there is no guarantee the rank and file will follow.

Obama, who is on the road in Sweden, mobilised his big political and military guns on Wednesday to convince lawmakers to back his plan to punish President Bashar al-Assad over a chemical weapons attack.

The White House can already boast two significant victories.

On Tuesday, Republican House Speaker John Boehner and majority leader Eric Cantor, who more normally torment the president, gave robust support to his strategy.

Then, on Wednesday, the Senate Foreign Relations committee voted by 10 members to seven to authorise action in Syria - albeit under tighter rules of engagement than the White House had requested.

"None of us want the US mired down in another conflict, so the committee has significantly limited the president's original authorisation, while still providing for an appropriate use of force in response to Assad's use of chemical weapons," said Republican Senator Bob Corker.

But for Obama to collect on the huge gamble he made in seeking congressional backing for attacks in Syria, he must win over lower ranking lawmakers who, unlike their leaders, are more concerned with their political skins than US standing in the world.

War weariness stalks America, and votes to authorise action in Syria, likely to begin next week, are tough ones - especially for House and Senate lawmakers up for re-election in 2014.

Republicans face a strain of isolationist and libertarian sentiment roiling a party still working through the political trauma of the Iraq war.

Many establishment Republicans have already been knocked off their perches by "Tea Party" candidates who have challenged them from their right in nominating contests.

Anti-war liberal Democrats meanwhile are making unlikely common cause with conservatives like Senator Rand Paul, who oppose US military action.

Hawks like Republican senators Lindsey Graham and John McCain meanwhile demand a more robust effort than the "limited" strikes Obama has proposed and want to escalate US military aid to the Syrian opposition.

This splintering of party lines is complicating efforts to build a coalition behind action in Syria.

But one White House official predicted sufficient support would emerge between the extremes.

National Security Advisor Susan Rice told NBC News she was "quite confident" that the administration would prevail.

Another official admitted privately that the White House "will lose some Democrats" meaning that significant numbers of Republicans will be needed not just in the House, but in the Democratic-run Senate to get the bill through.

Reliable vote counts are not yet available, as hearings on the authorisation, featuring a passionate Secretary of State John Kerry take place on Capitol Hill.

But a top House Democrat, Chris Van Hollen, when asked by CNN Wednesday whether a war resolution could get through the chamber, replied: "I don't think anybody knows right now."

Though Boehner and Cantor are in favour - other top Republicans are wavering and could siphon away yes votes.

The White House has good reason for concern.

Close Obama aides privately vent frustration that Boehner has been unable to deliver his riotous caucus on other big issues, including on proposed budget deals.

Obama, often criticised for a failure to engage on key priorities on Capitol Hill, has been unusually active.

A senior official said the president was calling lawmakers from abroad. On Wednesday, he also hardened his rhetoric.

"My credibility is not on the line, the international community's credibility is on the line and America and Congress's credibility is on the line," he said.

The comments appeared to be a bid to give Republicans, many of whom defy him on principle, a reason to vote 'yes' other than the fact the president's prestige is at stake.


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Hawke swoops in to help Beattie in Forde

Written By Unknown on Minggu, 01 September 2013 | 13.00

POLITICAL heavyweight Bob Hawke has turbo charged Peter Beattie's campaign at a barbecue south of Brisbane, with both men saying Labor is ready to fight to the end.

After poor polling earlier this month, Mr Beattie knows he has got a tough week of campaigning.

"We're fighters - none of us are going to be wimps - we have to be, this is about Australia's future and it is worth fighting for," he said.

About 100 starry-eyed Labor fans fussed over the political stalwarts and asked for photos.

Some also asked for help with their personal situations such as public housing issues, workers rights and unemployment.

"We had the entree with Campbell Newman and we will get the main course with Abbott," Mr Beattie told one supporter who shared concerns about last years' 14,000 job cuts in the state.

One supporter even brought a small plastic keg which had been moulded to look like Mr Hawke.

Labor's longest serving prime minister was happy to sign the homage.

He gave a spirited speech to the party faithful and asked them to remember Labor's legacies, like Medicare and HECS.

He enlisted them to convert 20 of their friends who are still undecided.

"I'm issuing a challenge. If you can persuade 20 people you will win the election of Forde for this man," he said.

"Just on the basis of education, you should be able to win every one of their bloody votes."

Mr Beattie returned to politics after a six year hiatus to run in Forde against the Liberal National Party's Bert van Manen, who holds the seat by a 1.6 per cent margin.


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New Vatican PM 'deep interest' in Asia

Former deputy PM Tim Fischer says the Vatican's new secretary of state has a deep interest in Asia. Source: AAP

FORMER Australian ambassador to the Holy See Tim Fischer says the Vatican's new secretary of state is a man with a deep interest in Asia and indicative of the change under way in the organisation.

Mr Fischer, Australia's deputy prime minister under John Howard, says Archbishop Pietro Parolin has direct experience of working in Africa and the Americas as a senior Vatican diplomat.

He is currently envoy to Venezuela and has worked on improving ties with communist China.

The position of secretary of state is widely considered the Vatican's number two position.

He will replace Cardinal Tarcisio Bertone, regarded as a divisive and controversial figure.

"It is terrific that the new Pope Francis has appointed as prime minister, or secretary of state of the Holy See, a person with deep interest in Asia," Mr Fischer told AAP.

"This shows that Pope Francis continues to fan the winds of change at the very top. I salute the decision and wish the outgoing Cardinal Bertone all the best."

At 58, Archbishop Parolin is regarded as young for this senior position. He takes on his new role from mid-October.


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