Squiz Today A probe into the US Federal Reserve boss, and a Golden Globe for Rose Byrne
Jan 12, 2026
Jerome Powell faces a criminal investigation while defending the Fed's independence, with implications for global markets. The tragic story of bushfire victim Max Hobson highlights the devastation in Victoria. Parliament is recalled to tackle hate speech and gun laws. In pop culture, Rose Byrne shines with her Golden Globe win and a witty speech. Meanwhile, protests in Iran are stirring global attention, prompting US discussions on intervention. The day's topics blend serious issues with a touch of humor from the awards circuit.
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Central Bank Independence Under Threat
- The Federal Reserve's independence is central to economic stability and is under political pressure following Jerome Powell's revelation of a criminal probe.
- Undermining that independence could ripple through global markets and shake investor confidence.
Farmer Killed Defending Property
- Max Hobson, an early-80s cattle farmer, died defending his property in the Longwood bushfire.
- More than 350 structures were destroyed and farmers report heavy livestock losses in the region.
Parliament Recalled For Tougher Laws
- Prime Minister Anthony Albanese recalled federal parliament to fast-track tougher hate speech and gun laws after the Bondi attack.
- The draft bill bundles hate crime reclassification, a gun buyback, symbol bans, and visa cancellation powers.