federal government

Save the Children urges government to abandon plans to censor Internet

July 9, 2009 - 7:32am | Law aspects | News

Today Save the Children and other several organizations such as Civil Liberties Australia, the National Children`s and Youth Law Centre released a join statement opposing the proposed mandatory internet service provider (ISP) filter. The statement says the filter will not be effective in protecting children from online dangers. Besides, the organisations want the funds that would be spent implementing the scheme to be funnelled to child protection authorities and police to help prevent child abuse.

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Bank of America raises $5.9 billion reaching the total of $26 billion so far

May 28, 2009 - 7:30am | Banks and internet banks | News

On Wednesday Bank of America announced that it raised $5.9 billion via the conversion of preferred shares for common stock, that appeared to be a part of its plan to support its capital base.

As part of its "stress tests" of 19 banks, the federal government said Bank of America more than others needed additional cash to oppose a potentially deepening economy, so it should raise $33.9 billion in capital to bolster its reserves.

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