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NewsMail Afternoon Edition
Tue 12 May, 2015

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Hockey says deficit will beat 'market expectation'

Joe Hockey takes time out to pose for a selfie outside Parliament House as he talks up a deficit forecast of close to $40 billion and signals changes to the controversial wait-for-the-dole policy.

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The Drum

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An analogue budget meets the digital world

The Government's pre-budget announcement of "tax integrity measures" include cracking down on multinationals shifting their profits, and trying to introduce a "Netflix tax" on digital downloads.

These measures may be an attempt to sound fair, but that doesn't mean they're suitable in this modern era.

The Government is trying to shoehorn national taxes better suited for an analogue era into the age of digital globalisation.

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Just In

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'Just mucking around': Singleton, Cowin dismiss restaurant incident as joke

John Singleton says he was just "mucking around" when he was photographed holding a broken wine glass above the face of Fairfax board member Jack Cowin at a Sydney restaurant.

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World

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Memorial marks football stadium fire 30 years on

England remembers the 30th anniversary of a fire which ripped through the home ground of football club Bradford City, killing 56 people.

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Business

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Small businesses to benefit from tax cuts in budget

Treasurer Joe Hockey will deliver the promised tax cut for small business as part of his second budget tonight, with measures to do more to push people into jobs also expected to be unveiled.

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Politics

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RET deal fraying days after in-principle agreement reached

The Federal Opposition says it will not support a new Renewable Energy Target if the Government proceeds with a proposal to review the plan every two years.

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Sport

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Hird says Essendon shocked by WADA decision to appeal verdict

Essendon coach James Hird says the club and most of Melbourne were shocked by WADA's decision to appeal the AFL anti-doping tribunal's not-guilty verdict of its 34 past and present players using banned substances.

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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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Government outlines travel costs to lobby for Barrier Reef

Government ministers and bureaucrats spend more than $100,000 visiting and lobbying almost all of the World Heritage Committee to convince them not to declare the Great Barrier Reef in danger.

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