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NewsMail Morning Edition
Wed 23 May, 2012

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Corby sentence cut in deal over people smugglers: Indonesia

Bob Carr has denied claims that a deal has been struck to bring Schapelle Corby home early in return for freeing young Indonesian people smugglers held in Australian jails.

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The Drum

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Consumer confidence tells us 'the vibe' - that's about it

The problem with consumer confidence indices is that they essentially are an attempt to marry psychology and economics.

It has become almost axiomatic that consumer confidence is vital for the economy, yet when you examine its changes with actual measures in the economy, finding a correlation is a hell of a lot trickier.

We have more than enough measures of actual economic activity â€" employment, investment, wages, sales â€" without needing to give overt weight to a measure of the vibe.

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Just In

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Upper house short circuit for NSW power sell-off

The New South Wales Government's plans to sell the state's electricity generators have come unstuck in the Upper House.

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World

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Protesters deface revealing Zuma portrait

Two men have vandalised a portrait of South African president Jacob Zuma with his genitals exposed, intensifying the row over the picture that enraged the ANC.

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Business

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Facebook shares continue to plummet

Facebook shares sank further on their second full day of trade, wiping more than $US15 billion from the company.

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Politics

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OECD issues stark eurozone warning

The Organisation for Economic Co-operation and Development (OECD) says the crisis in the eurozone poses the biggest single risk to the global economy.

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Sport

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Gallen tells Blues to take their chance

New South Wales skipper Paul Gallen has implored his new-look Blues side to make the most of their opportunity in tonight's opening State of Origin clash in Melbourne.

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Science and Technology

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TV remote control inventor dies at 96

Eugene Polley, the man who invented the first wireless remote control for television in 1955, has died at the age of 96.

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Environment

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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.

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