Climate group calls for urgent windfall tax on excess fossil fuel profits, as delegates tell Colombia conference their nations are sufferingThe Middle East oil and gas crunch will impose as much as a trillion dollars of additional costs on the global economy while petroleum companies rake in spectacular profits from elevated fuel prices, analysis has revealed.The uneven distribution of risk and reward comes amid rising concern that the US-Israeli attack on Iran is worsening inequality, poverty and hunger across a world that has become dangerously dependent on fossil fuels. Continue reading...
Exclusive: Capital gains tax discount and negative gearing rules created ‘extra artificial incentive’ for property speculation, the e61 Institute has foundGet our breaking news email, free app or daily news podcastThe combination of the capital gains tax discount and negative gearing rules has turbocharged debt-fuelled property speculation over recent decades, according to a new analysis of hundreds of thousands of property investments.The federal budget in three weeks’ time is widely expected to include changes to tax breaks for investors, in an effort to rebalance the tax system away from the wealthiest Australians and to take pressure off home prices. Continue reading...
Tyler Robinson’s defense team may try to use analysis to clear him of blame, as prosecutors aim to show there’s enough evidence to proceed with trialSign up for the Breaking News US email to get newsletter alerts in your inboxAn analysis from the federal Bureau of Alcohol, Tobacco, Firearms and Explosive (ATF) could not conclusively connect a bullet fragment recovered during Charlie Kirk’s autopsy to the rifle found near the scene of the rightwing political activist’s killing – and the FBI is running additional tests, lawyers for Kirk’s accused murderer said in recent court filings.In the court filings, Tyler Robinson’s defense team also asked for a delay to a preliminary hearing scheduled in May, saying they need time to review the bullet analysis as well as an enormous amount of other material that could contribute to the suspect’s defense. Continue reading...
Peaches, strawberries and grapes were almost always found to be contaminated with ‘forever chemicals’ in the analysisSign up for the Breaking News US email to get newsletter alerts in your inboxA first-of-its-kind analysis has identified Pfas pesticide residues on 37% of conventional California produce, with peaches, strawberries and grapes almost always found to be contaminated with the toxic “forever chemicals”.The analysis coincided with the introduction of California legislation that would by 2035 fully ban Pfas from being used as active ingredients in pesticides, and require warning labels and other restrictions in the meantime. Continue reading...
Government not on course to meet its three objectives, including to shift power from Whitehall to local areas, says IFGKeir Starmer’s drive to reform public services is failing to live up to its aims of shifting power from Whitehall to local areas, a report from the Institute for Government has found.Last summer, the government set out its three guiding principles for reform aimed at making public services such as the NHS, court system and children’s social care easier to access and better at helping people. Continue reading...