Over the weekend, the world’s most restrictive packaging law for cigarettes went into effect in Australia. All tobacco products in the country must now be sold in the same generic package, covered with images of diseases caused by smoking.
It's been four years since the investment bank Lehman Brothers went under, and a federal court in Australia has just found the bank liable for damages in a class action lawsuit over the sale of mortgage-backed securities.
Today, Australia's highest court ruled the government there can go ahead with plans to force tobacco companies to sell cigarettes with nothing but a plain package -- no branding at all, just those graphic warnings that say tobacco can kill you.
In Australia, Aussies are getting used to the first week under a new carbon tax. The country's biggest polluters are paying a steep $24 per ton of carbon emitted -- that's more than twice the cost of carbon permits in the EU.