Australia

Glamorous ‘cocaine’ drink may soon hit shops Down Under

Melbourne, Sept 28 : Consumer and drug research groups have slammed the plan of releasing of a caffeine-laden ‘glamorous’ soft drink called Cocaine.

Max Howard, Queensland Consumer Association state secretary, said that he found the "trivializing" of the illicit drug unethical.

Howard also said that he would seek advice from the Australian Competition and Consumer Commission as to whether the beverage can be marketed Down Under. 

"Calling a drink Cocaine is just wrong," News. com. au quoted Howard, as saying.

1 in 5 Aussies unfit to be a parent, says expert

Melbourne, September 28 : One in five Australian parents is ‘unfit’ to be a parent, says leading child-health expert Professor Fiona Stanley.

Owing to either excessive professional commitment or lack of parenting skills, or simply the lack of means, the health of future children is bound to suffer.

"There are a worrying number of threats to children''s health in society today,” News. com. au quoted the expert as saying.

"If we don''t respond to these challenges ... we will be looking at our generation, my generation, as being the last generation that lives longer than its parents,” she added.

Australians enraged by soft drink named Cocaine

Australians enraged by soft drink named CocaineSydney - Lobby groups Sunday called on the Australian government to ban a caffeine-laden soft drink called Cocaine that is due on the market in November.

"Calling a drink Cocaine is just wrong," Queensland Consumer Association state secretary Max Howard told the Sunday Mail.

He urged Canberra not to follow Britain and the United States in permitting the sale of Cocaine.

Paul Dillon, head of Sydney-based Drug and Alcohol Research and Training Australia, said the product would send a message that cocaine was cool.

US bailout risks creating moral hazard, Australian expert warns

Sydney - The 700-billion-US-dollar bailout package being thrashed out in the US Congress is more likely to reinforce rather than curb the risky financial dealings of investment bankers, Australia's stock exchange head said Sunday.

Maurice Newman, the chairman of the Australian Securities Exchange (ASX), warned that the government paying top-dollar for worthless assets would worsen the predicament of Wall Street.

"The moral hazards which are being created in the United States right now - the idea that more oversight, more regulation, the automatic default whenever there's a problem will get you out of trouble - will only make the problem worse," Newman told local television.

Australia importing illicit drugs worth 10 billion a year

Sydney- The flow of money out of Australia to pay for illicit drugs could exceed 12 billion Australian dollars (10 billion US dollars), the Australian Crime Commission
(ACC) estimated Saturday.

ACC chief executive Alastair Milroy told The Sydney Morning Herald that the figure dwarfs estimates by Austrac, which monitors money laundering, and by the Australian Institute of Criminology.

"Certainly we think that current estimates of the size of (drug) money leaving Australia might be conservative," he said.

Oz acting PM, opposition leader smoked pot

Sydney, Sept. 26 : Acting Australian Prime Minister Julia Gillard has admitted she smoked dope while in university, but adds that she didn''t like it.

"At university, tried it, didn''t like it," she said on the Fairfax Radio Network.

"I think probably many Australian adults would be able to make the same statement so I don''t think it matters one way or the other," she added.

Federal Opposition Leader Malcolm Turnbull has also admitted that he smoked marijuana in the past.

Reacting to Turnbull’s revelation, Gillard said she did not think it mattered that he had confessed to smoking dope in the past.

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