Re: is outgoing links weakening me ?
Many things have to be considered when linking to other sites, whether the other sites has many broken links, or whether the site you are pointing to is new and of low page rank.
But in general there is nothing wrong with pointing to let say news.com.au which is a reputable site, in fact it is seen by Google as good that if you link to popular sites your site must be of value, and can help your own sites value to a degree in linking to some reputable high page rank sites.
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