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Roe v Wade: Disadvantaged women disproportionately impacted

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The likely reversal of Roe v Wade is seen as one of the most controversial U.S. Supreme Court decisions in decades

There are major concerns the leaked opinion draft will eventuate and overturn the right to safe abortions.  

“Women of colour will be hit the hardest”

Some political analysts say women from disadvantaged backgrounds will be unable to receive safe abortions.

“They will be the most impacted – the lowest income, those with less resources to terminate pregnancies” says Cheddar’s political director Megan Pratz.

For wealthy white women, Pratz says accessibility may be difficult. But they still have the resources and money to travel to jurisdictions where abortion is legal.

Meanwhile, Australian Senator Sarah Hanson-Young says women would be pushed into dangerous measures to abort unwanted pregnancies if it was reversed.

“Abortions will still happen. They just won’t happen in a safe, transparent, medical setting.”

SENATOR SARAH HANSON-YOUNG

For generations, women have had access to abortions.

“But when they’re banned, when it’s pushed underground, when it’s made illegal, those who are in the most desperate need of that type of medical assistance, actually have to go and deal with people that are perhaps not qualified, putting them in a more vulnerable state, forcing them into poverty,” says Hanson-Young.

It’s a human right

Human Rights Watch released a brief to call out the Supreme Court and urge them to rethink their opinion.

“These are the very groups whose health the law should protect. Banning abortion does the opposite.”

Access to safe and lawful abortion services is firmly rooted in the rights to life,” says Human Rights Watch.

It will also affect the health of pregnant women. Evidence shows there is a correlation between “restrictive abortion legislation and increases in maternal mortality and morbidity,” says Human Rights Watch.

Why are men speaking on women’s issues?

With protesters lining the streets right across America, there is frustration and confusion over why men have been heavily contributing to the issue.

“When we are having these political and community-wide debates around issues like abortion that impact directly on women’s bodies, it does tend to be men who are leading the charge, who are filling the space, and who are feeding the debate about whether women should have the right to control their own bodies or not,” Hanson-Young says.

Last December, Justice Samuel Alito wrote the draft following the Dobbs v Jackson Women’s Health Organisation case.

“It always ends up being women’s bodies that are debated as part of a proxy for actually those who have rejected for far too long such social reforms.”

SENATOR SARAH HANSON-YOUNG

In the Dobbs v Jackson case, five out of the nine justices were in support of the draft including four men, who all appointed by Republicans.

By Katerina Kostakos

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Dollar steady as markets await Fed’s rate decision

Dollar steady ahead of Fed’s expected rate cut decision on Wednesday

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Dollar steady ahead of Fed’s expected rate cut decision on Wednesday

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In Short:
– The U.S. dollar stayed stable as investors await the Federal Reserve’s interest rate cut announcement.
– Asian equities rose, with the MSCI Asia Pacific Index hitting a record high amid U.S. market gains.
The U.S. dollar remained stable on Monday as investors await the Federal Reserve’s upcoming policy meeting, where the central bank is expected to announce its first interest rate cut in nine months.
Trading volumes were low due to a holiday in Japan, causing currencies to remain rangebound.Banner

Market participants have largely priced in a 25 basis point reduction in the federal funds rate, anticipated to bring the key rate to between 4.00%-4.25%.

This marks the first easing action since December 2024.

Recent economic data indicates a cooling labour market, with jobless claims rising to the highest levels since 2021, overshadowing inflation concerns.

Market Movements

Asian equities experienced gains, continuing a global rally, with the MSCI Asia Pacific Index reaching a record high.

Chinese shares rose close to 1% despite disappointing factory and retail sales data.

This momentum follows historical closes in U.S. markets, with the Dow Jones Industrial Average surpassing 46,000.


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ANZ to pay $160 million for bond deal violations

ANZ to pay A$240 million for bond misconduct and customer violations amidst job cuts and regulatory scrutiny

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ANZ to pay A$240 million for bond misconduct and customer violations amidst job cuts and regulatory scrutiny

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In Short:
– ANZ Group will pay A$240 million in penalties for multiple violations, including fees to deceased customers.
– The bank plans to implement A$150 million in reforms and has announced 3,500 job cuts.
Australia’s ANZ Group will pay A$240 million in penalties, the largest ever imposed by the Australian Securities and Investments Commission (ASIC) against a single entity.
The penalties arise from multiple violations, including acting “unconscionably” during a government bond deal and continuing to charge fees to deceased customers.
The development comes alongside ANZ’s announcement of 3,500 job cuts as new CEO Nuno Matos seeks to enhance profitability.Banner

ANZ has admitted to the allegations and acknowledged the need for significant operational changes.

The bank’s trading practices during an A$14 billion government bond issuance negatively impacted bond prices, which led to a substantial loss for the government.

ANZ plans to submit a remediation strategy to the Australian Prudential Regulation Authority by the end of the month.

Company Changes

ANZ has stated it will spend A$150 million on reforms by the end of the financial year.

The Finance Sector Union is expected to file a claim regarding the recent job cuts made by the bank.


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Climate report warns of rising heat deaths and property losses

Australia faces dire climate predictions, with potential for massive property value losses and thousands of heat-related deaths without action

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Australia faces dire climate predictions, with potential for massive property value losses and thousands of heat-related deaths without action

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In Short:
– Climate change could cause hundreds of deaths and $500 billion decline in property values in Australia.
– Increased extreme weather events may lead to rising insurance costs and potential uninsurability of homes.
A government report warns that climate change could lead to significant challenges for Australia, with hundreds of deaths expected from heat-related illnesses.
Property values may decline by up to $500 billion as homes risk becoming uninsurable due to extreme weather events.
The assessment by the Albanese Government forecasts increased frequency of floods, cyclones, and bushfires.The report anticipates over a thousand potential heat-related fatalities in Sydney and Melbourne if action is not taken.

The projected increase in heat-related deaths in Australia’s capital cities, as outlined in the report. Picture: Climate Risk Assessment

Rising sea levels and extreme weather are expected to escalate insurance costs, making coverage unaffordable or unavailable.

Climate Change and Energy Minister Chris Bowen acknowledged that many Australians will find these projections distressing, but they underscore the urgency of addressing climate change.

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Changes in total annual freight costs by Local Government Area in a 2090 scenario, compared to 2024. Picture: Australia’s National Climate Risk Assessment

Property Risks

Projected increases in heat-related deaths are particularly concerning. For instance, at a 1.5-degree rise in temperatures, heat-related mortality in Sydney could increase by 103%, reaching about 450 deaths annually at a 3-degree rise.

Coastal flooding days are expected to increase significantly in major urban areas, necessitating critical intervention.


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