ABC NewsMail - afternoon edition

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NewsMail Afternoon Edition
Sat 01 Oct, 2011

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Plane crashes into NSW ferris wheel

Four people have been rescued in a dramatic operation after a small plane crashed into a ferris wheel at a festival on the New South Wales mid-north coast.

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The Drum

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Trading the world away ... the rot at the core of markets

This week's viral video sensation was Alessio Rastani's simultaneously hilarious and troubling BBC interview.

It was a snippet that revealed a deeper truth about the breadth of speculation in our society.

The problem of amoral day traders and rootless hot money sloshing around the globe is not about the moral failures of individuals. It's structural.

And it's a problem for us all.

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Just In

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Three dead after boat capsizes off Batemans Bay

Three people including a child have been killed and another is missing after a catamaran overturned off Batemans Bay on the New South Wales south coast.

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World

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Obama under fire over targeted killing of cleric

Barack Obama has hailed the killing of fiery US-born Islamic cleric Anwar al-Awlaqi in a CIA airstrike in Yemen, but the militant's death also raises awkward questions for the US.

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Business

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Global stocks record worst quarter in three years

Global stocks end their worst quarter in nearly three years, down over $5 trillion on the back of concerns about the world economy and the lack of a credible solution to Europe's debt crisis.

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Politics

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Obama under fire over targeted killing of cleric

Barack Obama has hailed the killing of fiery US-born Islamic cleric Anwar al-Awlaqi in a CIA airstrike in Yemen, but the militant's death also raises awkward questions for the US.

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Sport

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Fans brave bad weather for AFL grand final

The ground is muddy, the sky is grey and it is drizzling over the MCG as thousands of fans shrouded in club colours file in for the AFL grand final.

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Science and Technology

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NASA revises down giant asteroid threat

NASA says there are fewer giant asteroids in space than once thought and most of the biggest near-Earth asteroids have been found, leaving little threat of one smashing into the planet.

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Environment

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Burma halts dam project after rare outcry

Burma's government has suspended construction of a multi-billion dollar Chinese dam after a series of rare protests.

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