ABC NewsMail - afternoon edition

NewsMail Afternoon Edition Sun 20 May, 2012 Top Stories More Top Stories » Earthquake strikes near Bologna in Italy A 5.9-magnitude earthquake has struck near Bologna, Italy, killing at least three people and causing widespread damage More » Blind dissident Chen arrives in US World leaders back Greece in bid to end crisis East Timor celebrates independence anniversary Tug reaches bulk carrier adrift near Barrier Reef Gillard calls for clear plan on Afghanistan Liberal MP investigated over expenses Liberal Senator Heffernan accused of assault Crowded House drummer Jones dies Mark Zuckerberg weds long-time girlfriend More Analysis » Late degenerate capitalism and the eurozone fallout What we have nowadays is a market of late degenerate capitalism. Morality is negotiable. Players want economic freedom but don't want to pay the price of their strategic errors. Which brings us to the eurozone. The system as currently designed is unsustainable - countries have either got to have their own currency sovereignty, or they've got to have a federated fiscal policy capacity. So what could the fallout from the crisis mean for Australia? More » Smooth operators are a spent political force Hockey's welfare philosophy is a proven failure GWS High: a lesson in learning from the AFL Gay marriage is a distraction: remember Manning Investing in our youngest Australians There's no such thing as a good grades guarantee Once the networks discover Le Tour, it's all over Darwin's modest discovery of evolution The limits of secularism and the search for meaning Just In More Just In » Mark Zuckerberg weds long-time girlfriend Facebook co-founder and CEO Mark Zuckerberg has wed long-time girlfriend Priscilla Chan, announcing the nuptials through a status update on the social networking site. More » Tug reaches bulk carrier adrift near Barrier Reef Earthquake strikes near Bologna in Italy Gillard calls for clear plan on Afghanistan Liberal MP investigated over expenses East Timor celebrates independence anniversary Blind dissident Chen arrives in US Crowds greet start of London torch relay Drogba leads Chelsea to Champions League glory Man arrested over attempted Sydney murder World More World » World leaders back Greece in bid to end crisis United States president Barack Obama has hailed progress made in tackling Europe's economic crisis at the end of the Group of Eight summit after world leaders backed keeping Greece in the eurozone. The summit came down solidly in favour of a push to balance European austerity, but it was clear that divisions remained. Mr Obama, who has pressed Europe for more growth-boosting measures like those he pursued at home, used his closing statement to remind eurozone leaders that there could be "enormous" costs to the global economy if they failed. More » Blind dissident Chen arrives in US Italy in shock after deadly school blast East Timor celebrates independence anniversary Car bomb kills nine in eastern Syria Business More Business » Facebook takes Wall Street roller-coaster ride Facebook's shares rose less than expected on its first day of trading, despite making one of the most eagerly-awaited market debuts in history. More » World leaders back Greece in bid to end crisis Union says BHP workers will strike next week European funding markets frozen: ANZ chief Construction in trouble Politics More Politics » Gillard calls for clear plan on Afghanistan Prime Minister Julia Gillard says she wants a NATO summit in Chicago to provide a clear plan for local forces to take control of security in Afghanistan. More » Liberal MP investigated over expenses Chinese dissident Chen flies to US with family East Timor to celebrate 10th anniversary What is the Brisbane Sovereign Embassy? Sport More Sport » Cowboy Sims breaks both bones in left leg Scans have confirmed North Queensland's Tariq Sims broke both bones in his left leg during the Cowboys' 30-28 win over Penrith. More » Drogba leads Chelsea to Champions League glory Interview: James Hird Jurrah to have scans for leg injury Stormers leave Tahs floundering in finals race Hooker flops in Diamond League return Science and Technology More Science and Technology » Rocket launch aborted at last second A privately-owned rocket aborts its launch toward the ISS at the last second, after a computer detected an engine problem. More » CSIRO cleared of link with forestry lobby group Last 50 years were Australia's hottest: study Woman uses thoughts to move robotic arm Poison trials raise hopes in feral pests fight Environment More Environment » City dwellers fare better than country cousins A report has found people who live in the city fare better in terms of health, education, employment and wealth than their rural counterparts. More » Last 50 years were Australia's hottest: study Poison trials raise hopes in feral pests fight Australia seventh-worst polluter on Earth: report Australian to embark on tsunami debris mission About this email You received this email because you are subscribed to ABC News email alerts. This message was sent to you at starnewsposting@gmail.com Please add newslists@your.abc.net.au to your email address book to see images by default and stop the email being treated as spam. This email address is not monitored - Please don't reply to this email. 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