Green Light: Water, GM debate and reader photos of bees
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10:38 PM (43 minutes ago)
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Managing director of Ebono Institute and major sponsor of The Generator, Geoff Ebbs, is running against Kevin Rudd in the seat of Griffith at the next Federal election. By the expression on their faces in this candid shot it looks like a pretty dull campaign. Read on
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10:38 PM (43 minutes ago)
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ScienceDaily: Oceanography News
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Plastic trash altering ocean habitats Posted: 08 May 2012 07:01 PM PDT A 100-fold upsurge in human-produced plastic garbage in the ocean is altering habitats in the marine environment, according to a new study.
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ScienceDaily: Earth Science News
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Geologists map prehistoric climate changes in Canada’s Yukon Territory Posted: 08 May 2012 09:45 AM PDT Scientists have analyzed sedimentary and geochemical records of water-level changes in Rantin Lake, located in the boreal forest of Canada’s southeastern Yukon Territory.
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Not always safety in numbers when it comes to extinction risk Posted: 08 May 2012 08:28 AM PDT A basic tenet underpinning scientists’ understanding of extinction is that more abundant species persist longer than their less abundant counterparts. A new study reveals a much more complex relationship. A team of scientists analyzed more than 46,000 fossils from 52 sites and found that greater numbers did indeed help clam-like brachiopods survive the Ordovician extinction. Surprisingly, abundance did not help brachiopod species persist for extended periods outside of the extinction event.
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The federal opposition has abandoned its principle of opposing all the measures the mining tax will fund and support $2.9 billion in welfare increases to be funded by the levy.
In the federal budget handed down yesterday, the government scrapped a promise to reduce company tax from 30 per cent to 29 per cent because it could not get the measure through Parliament.
The Greens were only prepared to support a cut for small businesses – defined as having a turnover of $2 million or less. This would have created a two-tiered system of company tax. The opposition indicated it would oppose the entire tax cut, worth $4.7 billion over four years, because it was funded by the mining tax.
Joe Hockey. Photo: Joe Armao
The Coalition has vowed to abolish the $13.4 billion mining tax if elected and all the measures it was slated to fund, except for an increase in the superannuation guarantee from 9 per cent to 12 per cent.
The money saved from scrapping the company tax cut will be redirected to a new $1.1 billion Supplementary Allowance, which will pay cash bonuses to people on the dole, youth allowance and parenting payments.
The mining tax will also fund a $1.8 billion boost to Family Tax Benefit A payments.
Both measures, as well as $700 million tax deduction for loss making businesses are directly linked to the mining tax in the budget papers.
”The government was going to use the proceeds of the Minerals Resources Rent Tax to cut the company tax rate,” the papers say.
”However, the government was not able to secure the necessary parliamentary support and, for that reason, will now adopt a different approach to spread the benefits of the boom to families and businesses.”
Shadow treasurer Joe Hockey said the Coalition would support these welfare benefits.
”The Family Tax Benefit Part A and the allowances which are out in 2013, we are inclined to support because the carbon tax will have an impact on families,” he said this morning.
If the Coalition is elected and abolishes the mining tax, it would have to find the $2.9 billion from other areas, creating a potential cost-blowout in its costings.
The Coalition will oppose another handout – the so-called Schoolkids Bonus – which is not being funded by the mining tax.
”This sugar hit cash payment that they have to get out before the first of July we are going to oppose,” he said.
”It is bad policy, it is not linked in any way to education it is simply about a bribe to the Australian electorate and the Australian electorate won’t like it.”
This measure will pay families $410 a year for each child of primary school age and $820 for each child of high school age.
This morning Opposition Leader Tony Abbott told reporters that the Coalition was opposed to the school payments because they were dishonest.
“It is a handout masquerading as an educational bonus,” he said.
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