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NewsMail Morning Edition
Mon 01 Dec, 2014

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'Budget is burning', warns top economist

One of the country's most experienced budget watchers is predicting a big blowout in the federal deficit when the next official update is released later this month.

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The Drum

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Cue the blame game in Victoria

The Victorian economy is the only one in the country rated triple-A by both Moody's and Standard and Poor's.

And according to Macroeconomics, Victoria and Western Australia are the only states that can confidently forecast budget surpluses for the next four years.

Yet, if the opinion polls are right, then Victorians are about to deny a government a second term for the first time in 60 years.

The toughest question to answer is why.

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Just In

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Napthine 'fully intends' to serve full term after Coalition loss

Former premier Denis Napthine says he fully intends to serve a full term in the Victorian Parliament after the Coalition's loss in Saturday's election.

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World

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50,000 ghost soldiers uncovered in Iraq corruption probe

Iraq's prime minister Haidar al-Abadi says he will crackdown on corruption after an investigation uncovers the existence of 50,000 "ghost soldiers".

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Business

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Oil price collapses after OPEC nations decide against cutting production

The price of oil collapses after OPEC nations decide against cutting production to prop up dwindling values.

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Politics

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50,000 ghost soldiers uncovered in Iraq corruption probe

Iraq's prime minister Haidar al-Abadi says he will crackdown on corruption after an investigation uncovers the existence of 50,000 "ghost soldiers".

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Sport

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ICC says clampdown on bouncers unlikely

The ICC says a clampdown on bouncers is unlikely despite the death of Phillip Hughes.

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Science and Technology

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Estonia offers e-residency for non-citizens

Estonia becomes the first country in the world to offer e-residency to non-citizens, allowing access to government services online.

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Environment

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Polar bears could face starvation by the end of the century: scientists

Polar bears in the Arctic could face starvation by the end of the century if sea ice keeps shrinking, scientists warn.

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