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NewsMail Afternoon Edition
Wed 08 Feb, 2012

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Gillard turns up heat in debate over economy

Julia Gillard raises the pitch of her attack on Tony Abbott, warning he is "reckless" and will destroy the economy if he wins power.

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The Drum

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RBA's solid case for leaving rates on hold

Does the RBA cut rates to bring down the currency? No, that won't work. The capital inflow is not investing in cash.

Far better, according to the RBA, to just watch the inflation rate, watch unemployment, try to ignore warnings about hardship and layoffs in the real world, and read up on what's happening in Europe.

On that basis there was a solid case for leaving rates on hold yesterday because, in theory and looking only at the stats, the economy is in equilibrium.

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Just In

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Court maps out path to PNG solution

Papua New Guinea's supreme court has set out a way to deal with the quagmire of cases stemming from the country's ongoing political conflict.

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World

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UK anger over Al Qaeda-linked preacher's release

There is fury in Britain over the impending release of a terrorism suspect once described as Osama bin Laden's right hand man in Europe.

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Business

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Banks tipped to raise interest rates

The big banks could be poised to pull the trigger on another round of interest rate rises despite "jawboning" from Treasurer Wayne Swan, an economist has warned.

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Politics

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Court maps out path to PNG solution

Papua New Guinea's supreme court has set out a way to deal with the quagmire of cases stemming from the country's ongoing political conflict.

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Sport

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Contador protests innocence, considers appeal

Alberto Contador is considering appealing against the two-year ban he was handed for failing a dope test during his victorious 2010 Tour de France campaign.

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Science and Technology

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Lovelorn Jurassic cricket chirps again

The call of a Jurassic-era cricket was simple, pure and capable of travelling long distances in the night, said scientists who reconstructed the creature's love song from a 165 million-year-old fossil.

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Environment

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Sea lion death triggers shark fishery closure

A shark fishery off South Australia has become the first area to be closed under new rules aimed at protecting australian sea lions.

The rules force closures once a trigger point is reached - in this case, only one death was needed to close Zone A, west of Fowlers Bay.

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