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NewsMail Morning Edition
Mon 17 Dec, 2012

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Obama to join services for school massacre victims

US president Barack Obama heads to the heartbroken community of Newtown to remember children and teachers slaughtered by a heavily armed gunman, amid growing calls for action on gun control.

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The Drum

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2012 in review: business

This week The Drum will look back at the highs and lows of 2012 in five key sectors and set the context for the year ahead.

First up we unpack the year in business.

While Australia avoided the worst of the GFC, and enjoyed the high through 2010 and 2011, in 2012 business confidence and conditions sunk to lows not seen since early 2009.

Yet while many economic signs are cause for alarm - a mining slowdown, retail pain and conflicting messages on unemployment - the economy's vital signs remain healthy.

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Just In

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Obama under pressure to act on gun control

New York mayor Michael Bloomberg has called on US president Barack Obama to act now on gun control.

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World

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Obama under pressure to act on gun control

New York mayor Michael Bloomberg has called on US president Barack Obama to act now on gun control.

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Business

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Conroy defends wireless technology reserve price

The Federal Government faces claims it has set an unworkably high floor price for its wireless spectrum auction so that it can inflate its surplus.

The Government is hoping to net between $2.5 billion and $4 billion this financial year by auctioning off the wireless spectrum, which was freed up through the switchover from analogue to digital television broadcasts.

Telcos have raised concerns, and one has already walked away from the auction, but Minister Stephen Conroy has defended the floor price of $1.36 per megahertz per population.

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Politics

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Carr reveals funding pledge for Sri Lankan schools

Foreign Minister Bob Carr has announced a multi-million dollar funding package for Sri Lankan school children during his three-day visit to Colombo.

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Sport

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Super Siddle gives Australia the edge

Australia's batsmen need a strong start to day four to set up a first Test victory, according to paceman Peter Siddle.

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Science and Technology

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Giraffe robot aids dementia sufferers

A team of Queensland researchers has found a unique way to help people living with dementia stay in contact with their friends and family.

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Environment

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IPCC draft climate report leaked by sceptics

A draft of the next report of the Intergovernmental Panel on Climate Change has been leaked, with climate sceptics isolating one section that discusses the effect of cosmic rays on global warming.

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