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NewsMail Afternoon Edition
Wed 21 Sep, 2011

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Bankrupt mum backs protections for borrowers

A single mother whose payday loans sent her bankrupt is backing the Federal Government's push to rein in lenders who provide small loans to cash-strapped borrowers.

Consumer groups say borrowers can often be hit with interest rates adding up to 600 per cent a year, and Assistant Treasurer Bill Shorten today introduced legislation to cap charges on loans under $2,000 - outraging the payday lending sector.

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The Drum

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A veto for Palestine

So far 140 of 193 United Nations members are said to be supporting Palestine's request for full UN membership.

Others are adopting a wait-and-see attitude while some, led by the all-powerful United States, continue to oppose a Palestinian state.

Despite high levels of domestic support for a two-state solution, Australia's UN representatives are reluctant to antagonise the US and vote with the majority.

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Just In

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National workforce agency to open next month

The Federal Government says it will open a new national workforce agency ahead of schedule to help combat the skilled worker shortage.

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World

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World leaders condemn Rabbani assassination

World leaders condemn the assassination of Afghanistan's top peace-broker by a turban bomber posing as a Taliban messenger.

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Business

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IMF issues global recession warning

The IMF has warned that the US and the eurozone are at increased risk of falling back into recession, a move which it says could threaten other economies worldwide.

IMG chief economist Oliver Blanchard issued the warning as he released the IMF's latest World Economic Outlook report in Washington.

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Politics

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National workforce agency to open next month

The Federal Government says it will open a new national workforce agency ahead of schedule to help combat the skilled worker shortage.

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Sport

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Lockyer withdraws from Manly clash

Injured Broncos captain Darren Lockyer may have played his last NRL match after pulling out of Friday night's preliminary final against Manly on doctor's orders.

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Science and Technology

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Study links obesity to lack of brain control

Whether you can resist French fries, cakes and hamburgers may depend on how well a control system in your brain is working, new research suggests.

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Environment

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$8m wombat bequest being fought by family

An American man's bequest of $8 million for an Australian volunteer wombat rescue program may never reach the program.

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