Trump’s America is facing a reckoning as it drowns in debt

The Sydney Morning Herald - Oct 28, 2026

The clock may be ticking on America’s “exorbitant privilege”.

Read full article

More News

Uber faces Australian class action over sexual assaults, harassment by drivers
Oct 27, 2026
Uber faces Australian class action over sexual assaults, harassment by drivers

The managing law firm’s class action callout follows a flood of legal actions in Australia and abroad concerning Uber’s handling of driver misconduct claims.

Mining giants lead ASX higher, banks and retailers fall, the Star soars
Oct 27, 2026
Mining giants lead ASX higher, banks and retailers fall, the Star soars

The Australian sharemarket had a muted morning but finished in the green thanks to a rally by BHP and Rio Tinto shares.

Orbit Resources uncovers 1km magnetic target in NSW
Oct 27, 2026
Orbit Resources uncovers 1km magnetic target in NSW

Orbit Resources has unveiled a 1km magnetic target at its Lewis Ponds project in NSW, along strike from Cousin Jack, pointing to the potential for new sulphide mineralisation.

Cease and desist! ABC demands One Nation stop casting Bluey in its cartoons
Oct 27, 2026
Cease and desist! ABC demands One Nation stop casting Bluey in its cartoons

ABC boss Hugh Marks says the depiction of Bluey is a “shocking use of Australia’s most loved character.”

Coles worker sacked after restraining suspected thief to receive $6500
Oct 27, 2026
Coles worker sacked after restraining suspected thief to receive $6500

The fair work umpire has ordered Coles to pay a man $6500 after he was sacked for breaching workplace policy by trying to stop two suspected thieves at a neighbouring Liquorland store.

Augustus restarts drilling at high-grade WA Eastern Goldfields target
Oct 27, 2026
Augustus restarts drilling at high-grade WA Eastern Goldfields target

Augustus Minerals has restarted RC drilling at its Music Well gold project near Leonora to test its St Patrick’s Well prospect, where rock chip sampling gave up grades up to 30.4g/t gold.

PLC Resources satellite survey lights up WA Murchison gold
Oct 27, 2026
PLC Resources satellite survey lights up WA Murchison gold

PLC Resources has generated a suite of ranked gold targets at its project near Meekatharra in WA, with some showing spectral signatures similar to a nearby producing gold mine.

D-day for David Jones: Department store’s future to be decided by Christmas
Oct 27, 2026
D-day for David Jones: Department store’s future to be decided by Christmas

The private equity owners of the 188-year-old retailer are hoping to strike a deal with landlords and suppliers sooner rather than later.

Zenith fills in blanks on 600m WA gold corridor
Oct 27, 2026
Zenith fills in blanks on 600m WA gold corridor

Zenith Minerals hit gold in 83% of holes across a 600m gap at its WA Dulcie project, opening the door to a maiden resource alongside its existing 675,000-ounce gold inventory.

‘Bold, but sane’? The future of AI is riding on Anthropic’s float
Oct 27, 2026
‘Bold, but sane’? The future of AI is riding on Anthropic’s float

The $US100 billion mega-IPO simply has to succeed. If it doesn’t, it will threaten the AI industry’s access to the trillions of dollars of new capital it needs over the next few years.

This brother and sister co-founded Anthropic five years ago. Now they are worth $19 billion each
Oct 26, 2026
This brother and sister co-founded Anthropic five years ago. Now they are worth $19 billion each

The staggering fortunes of Anthropic’s seven co-founders have been revealed as the company heads to Wall Street. They have pledged to give most of it away.

Yo-Chi gets political: 80 MPs are about to receive a flurry of anti-plastic postcards
Oct 26, 2026
Yo-Chi gets political: 80 MPs are about to receive a flurry of anti-plastic postcards

Australia’s largest frozen yoghurt chain is engaging customers in environmental activism.