ABC NewsMail - afternoon edition

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NewsMail Afternoon Edition
Wed 02 Nov, 2011

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Hope fades for asylum seekers missing in shipwreck

The search has resumed in Indonesia for survivors of an asylum seeker boat that sank in heavy seas off the coast of Java yesterday.

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The Drum

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Banks should go back to basics

The debt crisis in Europe is the fault of bankers, yet the people are the ones who pay.

The current mess is simply yet another earth-shaking collision between those who reap the returns from banking (shareholders and management) and those who bear the risks (everyone else).

Underlying this frantic activity is the unbalanced risks and rewards inherent in modern banking. But it wasn't always like that.

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Just In

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7 challenges for 7 billion

This week the world's population ticked over to 7 billion. By 2050 that number is expected to grow to 9 billion.

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World

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Greek cabinet backs PM, military chiefs axed

Greece's cabinet backs prime minister George Papandreou's proposed referendum as he replaces his military chiefs.

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Business

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Greek referendum plan plunges markets into chaos

World markets have dived and Greece's government is on the verge of collapse after the country's prime minister announced he would allow Greeks to vote on an upcoming bailout.

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Politics

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Government seizes on Hockey's Qantas comments

The Federal Government has seized on Joe Hockey's comments that he was told by Qantas well before Saturday that it was planning to ground its aircraft.

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Sport

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Clarke applauds spot-fixing verdicts

Australian captain Michael Clarke welcomed the message sent by guilty verdicts against Pakistan cricketers Salman Butt and Mohammad Asif for spot-fixing.

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Science and Technology

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Research grants allocated to mental health, tastier cheese

More fuel efficient cars, better mental health in Indigenous communities and tastier cheese could be some of the results from a $310 million Federal Government investment in research.

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Environment

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NZ ship threatens to break up

Officials in New Zealand are warning a stricken container ship in the Bay of Plenty could break up.

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