ABC NewsMail - Afternoon Edition

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NewsMail Afternoon Edition
Mon 15 Apr, 2013

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Great Scott breaks our Masters drought

Adam Scott has ended Australia's agonising drought at the US Masters, dedicating part of his historic win to boyhood hero Greg Norman.

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The Drum

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Australia caught in the currency war crossfire

Nations which constitute around 70 per cent of world output are "at war", pursuing policies which entail devaluation and currency debasement to different degrees.

These countries are using zero interest rates (ZIRP), quantitative easing (QE) and outright debt monetisation to try to engineer economic recovery through a lower currency.

But currency devaluations just force the cost of economic adjustment onto other nations, often smaller ones such as Australia.

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Just In

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KordaMentha appointed as LM trustees

LM Managed Performance Fund (LMPF), the subject of a Four Corners investigation, has had new trustees appointed by the Queensland Supreme Court.

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World

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Ex-deputy Maduro wins Venezuela presidential poll

Ruling party candidate Nicolas Maduro has narrowly won Venezuela's presidential election, allowing him to continue the socialist policies of the late Hugo Chavez.

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Business

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Dollar drops as Chinese growth misses forecasts

The Australian dollar has dropped on weaker than expected Chinese GDP figures showing annual economic growth of 7.7 per cent.

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Politics

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Gillard faces fight with states as poll support dips

Julia Gillard is facing a fight with Coalition-led states over her plan to overhaul school funding, as a new poll shows support for Federal Labor dipping below 30 per cent.

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Sport

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Scott fulfils his major potential at last

Adam Scott has answered the critics with a brilliant breakthrough win at Augusta to become Australia's first Masters champion.

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Science and Technology

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IT pricing inquiry fails to impress

A parliamentary inquiry into IT pricing which heard testimonies from Apple, Microsoft and Adobe has failed to impress Australian experts.

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Environment

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Antarctic ice melting 10 times faster than 600 years ago

A report has found that the Antarctic summer ice melt is now occurring 10 times faster than it did 600 years ago.

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