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NewsMail Afternoon Edition
Mon 15 Jun, 2015

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Morrison defends asylum seeker stance amid call for 'bribe' probe

Former immigration minister Scott Morrison says he has "every confidence" Operation Sovereign Borders officers acted lawfully, amid calls for investigations into claims bribes have been paid to people smugglers.

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The Drum

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The banks and real estate: a Ponzi scheme that could ruin us?

Madness has gripped Sydney's and parts of Melbourne's property market; a malaise that, if allowed to continue, could have dire consequences for the nation.

So far, much of the debate has been around affordability creating a class system, but of greater concern is the role our banks have played in all of this.

The more money the banks pumped in, the higher real estate prices rose. The higher the prices, the more that was needed in loans; a business model of rare beauty that some call a Ponzi scheme.

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Just In

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Tasmanian Aboriginal Legal Service rejects accusations over funding cuts

The Tasmanian Aboriginal Legal Service hits back at suggestions it lost its federal funding because it did not met compliance requirements.

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World

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Yemen's warring factions come together in bid to resolve bloody conflict

Yemen's warring factions come together for the first time in Geneva in a bid to resolve the conflict between Houthi rebels and the government of exiled Yemeni president Hadi.

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Business

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Foxtel buys 15pc stake in Ten for $77m

Pay TV company Foxtel comes to the rescue of a free-to-air network, taking a 15 per cent stake in the Ten Network.

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Politics

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NSW Treasurer Gladys Berejiklian considering reviewing stamp duty

New South Wales Minister for Social Housing Brad Hazzard confirms his colleague, Treasurer Gladys Berejiklian, is considering reviewing stamp duty.

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Sport

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Australia's Steve Smith world's number one batsman

Steve Smith is the first Australian batsman to reach number one in the ICC's Test rankings since Michael Clarke in 2012.

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Science and Technology

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Number of competitive female high school science students soars

Nearly half of the teams competing in this year's International Science Olympiads will be made up of girls รข€" the largest percentage by far since Australia started taking part in the event.

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Environment

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Landcare co-founder Phillip Toyne dies

Indigenous advocate and co-founder of the national Landcare program, Phillip Toyne, dies at the age of 67.

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