Union stalwart Bill Kelty has issued a reality check to Labor and Union movement. The Former ACTU secretary has told its national Congress the hope and trust the Australian people once had in the Labor party has retreated. He says Labor needs to arti...
One of Australia's pre-eminent boardman Stock... has given a frank assessment to Europe's financial problems, saying he never believes the euro would succeed. Former treasury head and reserve bank boardman says the euro was compromised from the very...
Leading the news this morning. The latest talks have once again failed to reach agreement on the new government for Greece. The political crisis has voluntarily spurt world financial markets. European shares sank into 4.5 much lower overnight. London...
Leading the news this morning. Greece's president has until Thursday to create a government before he must call fresh elections. He is now talking with the smaller party after the anti-bailout party Syriza rejected any compromise. Opinion polls sugge...
All of Australia's big four banks have failed to pass on this month's Reserve Bank's interest rate cutting full, the ANZ bank was the last to make decision announcing it would cut interest rates on variable home loans by 37 basis points, that's less...
Taking a look at the satellite, and a deep low to south of Tasmania is sending gale force winds, showers and alpine snow across Tasmania and Victoria, humid southeasterlies are bring a few showers to the Queensland's north coast, a high is keeping sk...
Good Morning. Opposition leader Tony Abott has used his budget reply speech to call on Labor to change its leader. He's accused Labor of waging class warfare, and ridiculed the prejected $1.5 billion surplus. He's promised to find savings to cover ta...
Leading the news this morning. The former Federal Treasurer Peter Costello is denying reports he tried to make a political comeback late last year. The ABC's 7:30 program has reported Mr. Costello demanded a young MP step aside to accommodate him. It...
Promises by Spain to bail out the Spain's boost* financial markets, local investors await tonight's federal budget. The big mine has helped hold the market up on higher prices of copper's product. The ASX 200 rose one third of per cent will copr* bee...
Here's the story today. The federal treasurer Waine Swan has confirmed he'll deliver a surplus in tonight's budget. It's expected to be around 1.5 billion dollars. Mr Swan argued that the surplus will act as a a buffer against global finance and secu...
Leading the news this morning, Economic forecaster Diloo access economist says the Treasure needs to find near 6 billion dollars in saving to return the budget to surplus. Wyane Swan says the budget surplus will allow the Reserve Bank to cut interest...
An official figure showed the US unemployment rate has fallen slightly. Govenment dot reviews the American economy created modestly 115000 jobs in April, taking the job's rate to 8.1 percent. It's good news for the American president Barack Obama, wh...
Let's take a look at the satellite, a low is bringing rain to southern Vicotria and Tasmania, while the low and trough over southwest western Australia are generating showers and storms, a high is keeping the rest of the country, mostly dry. To Queen...
Documents found in Osama bin Laden's Pakistanian compound show the al Qaeda leader was worried his terrorist network was unfocused and lost influence. US terrorist researchers say the papers show bin Laden had become frustrated with regional terroris...
Leading the news this morning. Workers at the Melbourne depot of National Trucking Company, first fleet have been locked out. There are reports workers in Sydney have also been shut out. The company went into administration last week citing cash flow...
