The new China-led Asian bank is a global financial system shake up Australia should be part of | Matt Thistlethwaite

The Abbott government has hesitated over joining the Asian Infrastructure Investment Bank. It shouldn’t

It appears the China-led Asian Infrastructure Investment Bank (AIIB) has become a dilemma for the Abbott government.

Cabinet division over the invitation for Australia to be a founding backer of the bank reflects the Abbott government’s uncertainty about our nation’s future in Asia.

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Is It Racist? Starbucks Gives Up Trying To Solve America’s ‘Other’ Great Divide

Just as The Fed folded this week on ending the nation's booming income inequality problem (by reinforcing the Yellen put for longer), so Starbucks has folded in its effort to fix the other growing divide in America – racism. Careful not to admit that it was due to pressure from the avalanche of less-than-positive social media reactions, AP reports Starbucks baristas will no longer write “Race Together” on customers' cups. “Nothing is changing,” Starbucks claims it was all part “of the cadence” of the plan – hhmm. “Most people come to Starbucks for coffee,” concludes one young African-American, adding “race is an uncomfortable thing to bring up, especially in a Starbucks.”