‘It’s fired people up’: support grows, including within Labor, for new gas tax to curb wartime profits

The gas industry is mobilising in opposition to a potential new tax on the sector as political momentum builds – including among Labor MPs – for the government to use the May budget to prevent producers profiting from the Middle East war.The Australian Energy Producers (AEP) chief executive, Samantha McCulloch, claimed a new tax would punish the same Asian trading partners Australia was leaning on to supply more fuel amid the global energy crisis.The gas sector was blind-sided by revelations the Treasury was modelling options for a new levy to capture windfall profits from gas and thermal coal companies, as well as potential changes to the Petroleum Resources Rent Tax (PRRT) and corporate tax.Government, industry and opposition sources believe the public mood on taxing the resources giants has shifted, giving the Albanese government cover to pursue changes it might have considered too politically risky a few months ago.The sources point to a campaign spearheaded by independent senator David Pocock, social media influencer Konrad Benjamin of Punter’s Politics fame and progressive thinktank the Australia Institute, which has highlighted how much tax gas companies pay

Blink and miss: Trump’s tactic of threats first and U-turn later is proving stale in Iran war

President’s move, dubbed Trump Always Chickens Out, appears to have soured as he loses hold on situation in IranFrom Wall Street to the White House, the dish everyone’s talking about this week is the Persian Taco. It’s what’s served when Trump chickens out in Iran.In the early hours of Monday morning, witnessing oil prices surge, stock futures plummet and bond yields climb due to his threat to pummel Iran’s civilian power infrastructure, the president hurriedly walked it back, announcing he would put off the bombing because talks with Iran were actually going great. After the bombast and bloodshed, it was time for Taco (Trump Always Chickens Out), a move he first put on display during the tariffs crisis last year.Bonds snapped back in instants and the price of Brent crude recoiled to below $100 a barrel from more than $112 seconds earlier

‘Accountability has arrived’: dual US court losses show shifting tide against Meta and co

In the span of just two days, the most powerful social media company in the world faced a more severe public reckoning than it has in years.Jurors in California and New Mexico gave back-to-back verdicts this week that for the first time ever found Meta liable for products that inflict harm on young people. For years, lawmakers, parents and advocates have raised red flags over how social media can hurt children, but now the tech firms are being held to account via court rulings that could set long-lasting precedents.A jury in New Mexico ordered Meta to pay $375m in damages on Tuesday over claims that its products led to child sexual exploitation, among other harms. The following day, a jury in California ordered Meta and YouTube to pay $6m over claims that both companies deliberately designed addictive products to hook young users

New York City hospitals drop Palantir as controversial AI firm expands in UK

New York City’s public hospital system announced that it would not be renewing its contract with Palantir as controversy mounts in the UK over the data analytics and AI firm’s government contract.The president of the US’s largest municipal public healthcare system, Dr Mitchell Katz, testified last week before the New York city council that the agreement with Palantir would expire in October.He said at the hearing that the contract, which focused on recovering money for insurance claims, was always meant to be short-term, and that there was an “absolute firewall” preventing Palantir from sharing information with US Immigration and Customs Enforcement. He said that the agency had “not had any incidents”.The contract and related payment documents shared with the Guardian by the American Friends Service Committee and first reported by the Intercept, show that NYC Health + Hospitals has paid Palantir nearly $4m since November 2023

Can Adam Freier’s California Legion solve America’s rugby problem?

One day in March 2012, Adam Freier sat down to write a column for the Sydney Morning Herald. His Melbourne Rebels were on a losing streak and though he had 25 caps at hooker including a World Cup campaign for Australia, he was nearly 32 and staring at the end of a career at the coalface, 12 years in the front row of the scrum at the highest level. Describing a body breaking down, a struggling club, the agony of endless defeats, he imagined group therapy in front of “strangers in the local hall”.“My name is Adam Freier, and I hate to lose.”Fast-forward 14 years

The Strong, silent type: UConn’s standout is making basketball stardom look easy

Sarah Strong has the most jump-off-the-page talent in the women’s game since Caitlin Clark, and UConn greats say she could be the best of themFormer WNBA All-Star turned Boston Celtics executive Allison Feaster was recently asked about the differences between high-level female and male hoopers.“This is a very basic example,” the Celtics’ vice-president of team operations and organizational growth told the Far From the Tree podcast. “But most of the women have had exposure to different types of leadership. Most of the professionals have four-year degrees and even advanced degrees. Many of the professional women have lived outside of the US