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Wed 13 May, 2015

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Budget 'sweeteners' set scene for early election, crossbenchers say

Treasurer Joe Hockey's bid to turbo charge small business is met with mixed reaction from industry insiders, as Government MPs come out in defence of a budget that some say puts them in good stead for an early election.

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The Drum

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Budget 2015: Hockey delivers a Goldilocks effort

It's not too soft, nor too harsh, and much closer to being just right than last year's much-derided edition. Welcome to Joe Hockey's Goldilocks budget.

While last year's budget responded to the true state of the nation's books with basically sound, if poorly-planned and delivered policy, it contained nasty surprises that no one expected and made the Abbott Government a sitting duck.

This year's effort is far more politically shrewd because the Government has learned from the mistakes of 2014.

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Just In

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Relative arrested after woman stabbed to death with star picket

A woman has been killed in an alleged brutal domestic violence attack in Katherine overnight, Northern Territory Police have said.

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World

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Mayweather, Pacquiao fight generates record revenue

The "fight of the century" between boxing greats Floyd Mayweather Jr and Manny Pacquiao generates record pay-per-view revenue in the United States of $500 million from 4.4 million buys, cable networks Showtime and HBO say.

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Business

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Business budget fortunes split between tax cuts and crackdowns

The federal budget receives a generally warm response from business groups, but smaller firms are the clear winners from $5 billion worth of tax cuts, while the big end of town faces a tax crackdown.

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Politics

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Farmers welcome budget drought assistance, development in northern Australia

The National Farmers' Federation welcomes the 2015 federal budget for providing tax breaks and drought assistance for farmers, and for showing a commitment to developing Australia's north.

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Sport

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Kyrgios, Gajdosova, Tomic fall on bad day for Aussies in Rome

Nick Kyrgios, Bernard Tomic and Jarmila Gajdosova have all been bounced out on a bad day for the Australian contingent at the Italian Open in Rome.

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Science and Technology

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Nano memory brings bionic brain one step closer

Australian scientists are one step closer to creating a bionic brain after developing a nano memory which is capable of storing information in the same way as the biological counterpart.

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Environment

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Bureau of Meteorology officially declares a major El Nino; predicts drier, hotter conditions

The Bureau of Meteorology officially declares a major El Nino event, which is likely to lead to prolonged drier, hotter conditions across much of eastern Australia.

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