ABC NewsMail - Afternoon Edition

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NewsMail Afternoon Edition
Wed 01 Oct, 2014

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More cuts needed to pay for defence, security spending: Hockey

Joe Hockey has signalled more budget cuts are on the way, saying the Government has "no choice" but to look for new savings.

The move has been prompted by the failure to win Senate support for billions of dollars of budget measures and new spending on security and the defence mission in the Middle East.

In August, the Government announced a $630 million funding boost for security and intelligence agencies to better deal with the threat of terrorism.

The military deployment to the Middle East is expected to cost about $500 million per year.

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The Drum

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It's time to cry for Argentina

Go back a century and Australia and Argentina - with vast expanses abundant in beef, grains and natural resources - were youthful southern hemisphere twins cavorting among the global Top 10 economies.

Yet our economies have sharply diverged. While Australia is still ranked globally at 6 based on GDP per capita, our South American twin has cut herself loose, slumping to 47.

In Australia, we like to grumble about escalating property prices, but Argentines would relish that luxury. For them, property prices are falling and inflation is rocketing.

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Just In

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Fiji man 'bashed' after sending abusive text to PM

Amnesty International has urged Fiji authorities to fully investigate allegations army officers bashed a man who sent angry text messages to prime minister Frank Bainimarama.

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World

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Fiji man 'bashed' after sending abusive text to PM

Amnesty International has urged Fiji authorities to fully investigate allegations army officers bashed a man who sent angry text messages to prime minister Frank Bainimarama.

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Business

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Dollar drops on weak retail sales growth

A steep fall in sales for department stores and household goods retailers has kept turnover fairly flat in August.

Overall, the Bureau of Statistics figures show retail turnover edged up 0.1 per cent in the last month of winter to $23.3 billion.

However, economist forecasts had centred on a rise of 0.4 per cent for the month, and the Australian dollar was quickly sold off on the data.

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Politics

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Ukrainian MP beaten by nationalist mob in Odessa

A deputy from the party of ousted Ukrainian president Viktor Yanukovych was attacked and beaten by a crowd in the Black Sea resort of Odessa on Tuesday during political campaigning for a parliamentary election set for October 26.

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Sport

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Gold Coast Suns sack coach Guy McKenna

Gold Coast Suns deny approaching Essendon's Mark Thompson to replace sacked coach Guy McKenna.

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Science and Technology

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Scientists map wreck of ship that crashed into Tasman Bridge

Scientists have mapped the wreck of a ship that sank in Hobart's River Derwent after it ran into and demolished part of the Tasman Bridge in 1975.

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Environment

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Traditional owners, scientists and cat gizzards key to Kiwirrkurra Indigenous Protected Area success

Pintubi traditional owners in Western Australia will work with scientists to preserve their land and the threatened species that call it home.

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