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Australian set to head OECD despite climate record


Australian set to head OECD despite climate record
© Getty Images
Critics say Mr Cormann has an atrocious record on climate change
Mathias Cormann, Australia s longtime former finance minister, is set to take over as chief of the Organisation for Economic Co-operation and Development.
Mr Cormann, a centre-right politician, had faced opposition stemming from his record on climate change.
He tried to abolish Australia s renewable energy targets and has called carbon pricing a very expensive hoax .
Sweden s Cecilia Malmström was also vying to lead the group, which includes 37 of the world s biggest economies.
The Paris-based OECD, which helps develop and coordinate policies among its members, is expected to finalise Mr Cormann s selection next week. He would serve a five-year term starting in June. ....

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The shadowy business empire funding Myanmar's military


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The shadowy business empire funding Myanmar s military
Myanmar s military - the leaders of its recent coup - are funded by a huge chunk of the national budget. But the armed forces also draw a vast and secretive income from sprawling business interests:
At Yangon s popular Indoor Skydiving Centre, visitors can experience the thrill of jumping out of a plane from the safety of a vertical wind tunnel.
© Getty Images
Critics says the business empire of Myanmar s military has helped to support the ongoing coup
But few people spiralling through this high-flying attraction may realise that it is part of a huge, military-run business empire - one completely woven into the fabric of national life. ....

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