Word: australian
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...country and invest it in another with higher interest rates and where the currency may be appreciating. Last year a plunging dollar and the Fed's decision to slash rates made the U.S. currency ideal for funding carry trades. For example, selling the U.S. dollar to buy Australian dollars, Norwegian kroner and Brazilian reals yielded returns in excess...
...before Deborah Melville's death in July 2007, the 12-year-old was visited by a Northern Territory child-protection worker at her foster home outside of Darwin, Australia. The caseworker noted the girl's distress, who, according to the Australian media, was crying on the kitchen floor when she arrived. The social worker comforted Deborah, reassuring her that she would not be uprooted and moved to another home...
...widely covered in all major news outlets since 2008. But while the nation may have been made aware of the horrific neglect that Melville suffered, a largely unpublicized audit claims that her death was only part of a much greater problem. According to a 2007 report leaked to the Australian on Feb. 6 and written by psychologist Howard Bath, then the director of a nonprofit organization that specializes in support for child, youth and family services, the Northern Territory child-protection system is near collapse. Today, just over two years after Australia apologized for six decades of a policy that...
...report is that the Aboriginal Child Placement Principle (ACPP), a guideline instated in 1983 to avoid another Stolen Generation scenario, is problematic. Responding to the painful legacy of old laws by which children were forcibly removed from their families and placed thousands of miles away in homes of white Australians, the ACPP stipulates that Aboriginal children removed by the state from their parents should be placed with family members or other indigenous Australians whenever possible. But it's a system, the study shows, that is failing the children it was designed to protect. "The present data suggests, as do some...
...Other findings in the 2007 Bath report mentioned in the Australian include failure to regularly monitor the children placed in care, poor assessment of carers, and lack of support services for at-risk children in the Northern Territory. "It's a system that's been in crisis for some time and is getting worse," says Jodeen Carney, Shadow Minister for children and families. Carney, based in Alice Springs, is enraged at the "cover-up culture" that has surrounded the report, whose full contents have yet to be disclosed. The Northern Territory's Child Protection Minister, Kon Vatskalis, issued a statement...