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NewsMail Morning Edition
Wed 07 Dec, 2011

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Karzai heads home after Afghan pilgrim slaughter

Afghan president Hamid Karzai cancelled a visit to the UK this morning to fly home after at least 59 people died in twin attacks on pilgrims at two Shia shrines.

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The Drum

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Bond vigilantes buy the silence of our banks

'Bond vigilantes' - a term coined in the 1980s - forced governments around the world to control inflation.

Fast forward 30 years and the bond vigilantes are at it again, except this time they are demanding monetary expansion.

Governments that don't print money are ferociously punished, and those that do are richly rewarded with yields below 2 per cent, or even 1 per cent.

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Just In

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West condemns Russian election crackdown

Anti-government protesters took to the streets of Moscow for the second night in a row amid a swelling chorus of international criticism over the country's parliamentary vote.

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World

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Karzai heads home after Afghan pilgrim slaughter

Afghan president Hamid Karzai cancelled a visit to the UK this morning to fly home after at least 59 people died in twin attacks on pilgrims at two Shia shrines.

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Business

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Big four yet to pass on Christmas cut

The big four banks are under pressure to cut lending rates this morning after the Reserve Bank delivered a 25-basis point cut in the run-up to Christmas yesterday.

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Politics

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West condemns Russian election crackdown

Anti-government protesters took to the streets of Moscow for the second night in a row amid a swelling chorus of international criticism over the country's parliamentary vote.

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Sport

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Beckham backs decision to rest Kewell

David Beckham says he totally understands Melbourne Victory's controversial decision to rest Harry Kewell for the LA Galaxy exhibition match.

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Science and Technology

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India to ban offensive Facebook material

India has vowed to ban offensive material from the internet after Facebook, Google and other major firms told the government they were unable to screen content before it was posted.

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Environment

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Orica approved to restart Newcastle plant

Chemical company Orica has been given approval to partly restart operations at its Newcastle plant after several toxic leaks.

The nitric acid plant has been closed for nearly a month, but authorities have ordered further testing before allowing another key part of the site to reopen.

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