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Ten Early News -

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(generated from captions) This program is captioned live. Good morning. I'm Max Futcher. Welcome to Ten's Early News. And I'm Evan Batten. Today. All but certain: of another rate hike, Home-buyers staring down the barrel blows over economic policy. as Labor and the Coalition trade Judgment day - on work bans, the court to hand down its decision consider more strike action. as nurses in Victoria Firestorm - to flee their homes, almost a million people forced southern California. as wildfires tighten their grip on

connected connections, And in sport an offer he can't refuse. police make horse trainer Peter Moody with Evan. Time for a first look at the markets

were dragged lower this morning US markets

reported a US $2.24 billion after investment bank Merrill Lynch third=quarter loss. credit crunch. A fallout from the recent In a few minutes, in more detail. we'll look at interest rate concerns Labor and the Government economic credentials have attacked each other's of the latest inflation figures. following the release will push the country into recession. The Government claiming Labor on the campaign trail, Hi-5's all round

for good measure. a cheer squad thrown in WE WANT RUDD! WE WANT RUDD! government But there wasn't much cheer for the inflation rate with the release of the underlying rise. which points to another interest rate That's something possibly ignore. that the Reserve Bank cannot going to be a 25 point rate hike It looks like there's definitely

in early November. are working families, And those paying the price for this on home mortgages. the subject by claiming The government attempting to change will send the rate even higher. Labor's workplace policies pressures in this economy, You would unleash such inflationary as would end in recession. with the 'R' word. The PM also chiming in and could easily slow the growth That would lead to a wages breakdown

we are now enjoying and produce recissionary circumstances.

political strategy. This is classic Howard and Costello Murray McCloskey, Ten News. Brad Hodson With more, Ten's political reporter Brad - these figures joins us on the phone.

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to support the Greens, The union instead urging voters genuinely committed saying they are the only party Workchoices laws. to ditching the government's support behind the Greens' bid In Victoria, the union's thrown its

to unseat Labor in Melbourne. ties since 1913. Labor and the union had shared close Victoria's hospitals An industrial dispute crippling could escalate even further today. to vote on further work bans. Thousands of nurses will meet whether the action which has closed The Federal Court will decide today

1200 hospital beds, will be lifted. to get us to back down. We will not back down. against the union and nurses. The court could impose heavy fines to appeal a court decision, Peter Brock's girlfriend is expected as a beneficiary which ruled a will naming her is invalid. instead declaring The Victorian Supreme Court be split between his three children. the late motor racing legend's estate

as the main beneficiary A 2006 will naming Julie Bamford no signature. was declared invalid because it has after a police pursuit Three men have been arrested in Sydney's west last night. spotted them The men failed to stop when police in Wentworthville. allegedly driving a stolen car was trapped in traffic, A short chase began before the car in an effort to escape. ramming another vehicle as it drove towards him, An officer allegedly fired at the car no one was injured. before they were finally arrested. Officers then chased the men on foot, to die down after today The winds are supposed for the hundreds of thousands but that's little comfort have been forced to flee their homes of Southern California residents who across the region. because fires are still raging struggling Exhausted firefighters are still at noon Pacific time, and while wind advisories expire an uphill battle they are still facing to get the blazes under control. devouring home after home. The ferocious wildfires remain hungry of massive property losses But after three days there is hope, across Southern California, may finally be approaching. a turning point are expected to weaken today, The powerful Santa Ana winds

and additional firefighting equipment and personnel are arriving.

Overnight in Orange County however, is far from over. more evidence that this disaster at least 10 homes, The Santiago fire wiped out more than 15,000 acres, the blaze has scorched to evacuate. and forced more than 1,000 people to see his house still standing, This man returned home but not everyone is as fortunate. back here again, It's hard, I'm never going to come there's nothing to come back to. hundreds of others, And that will be the case for to be over $1 billion, property damage is already estimated and the smoke clears. Jennifer Miller, Ten News. of Pillar of Hercules are over, The Victoria Derby hopes

for gun trainer Peter Moody. in an embarrassing fallout Tony Mokbel's brother, Horty, Police believe drug fugitive and have banned it from racing. holds part ownership of the horse

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there is no analysis there is no analysis what they last won it with him with victory over Adelaide last night. Sydney showed no signs of fatigue despite playing their fourth game in 11 days. The Kings with 7 different 3-point shooters in the first half alone. In the second half, Adelaide fought back with a little help from the free throw line. But Sydney continued to sink baskets when it counted including this ally-oop from Mark Worthington. Worthington top scored for the Kings with 25 points. Sydney winning by 100 to 82. Evan joins us now with more on the interest rate heartache.

Max, homeowners are bracing for more mortgage pain, with concerns now of two interest rate rises by the end of the year. Economists say the Reserve Bank will almost certainly lift rates in November following yesterday's inflation figures, consumer prices jumping by 0.95% in the September quarter. The announcement immediately pushed the Australian dollar to an intraday high of US90.47 cents. Financial markets are now pricing in two interest rate rises by year's end to keep a lid on inflation.

The strong Aussie dollar could wipe millions from Amcor's annual profit. The packaging group says every cent the Australian dollar gained against its US counterpart cut about $3 million from its net profit after tax. A total $35 million could be wiped from Amcor's earnings if exchange rates don't reverse by the end of the financial year.

Concerns interest rates may rises twice before the year's end. We'll tell you why on the other side of this short break.

Welcome back to Ten's Early News. This morning. Mass evacuations - fire crews facing a losing battle to contain California wildfires, as nearly a million people are forced from their homes.

Trading blows - The Government and Labor slam each other's economic credentials, with another interest rate hike all but certain. Safe and well - 54 miners trapped underground in Western Australia, finally rescued after an eight hour operation. And in sport - stop Murali. The Aussies close ranks to defend Warnie's record. US markets were dragged lower this morning after investment bank Merrill Lynch third-quarter loss, reported a US2.24 billion a fallout from the recent credit crunch.

Coming up, Telstra's boss due in court over that private briefing with the PM. It is the biggest evacuation in America since Hurricane Katrina hit New Orleans. Almost a million people have been ordered to flee their homes in southern California as wildfires continue to rage across the state. For more we cross live to Ten's US bureau chief, Nicole Strahan in San Diego. Nicole, have conditions improved today for firefighters?

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took him to you than that which particular accident than a billion to you as fast that Back home, and the Prime Minister and Treasurer have raised the spectre of recession to attack Labor's economic credentials. The Government claims any scrapping of its workplace laws will put pressure on inflation and interest rates. That would lead to a wages breakdown and could easily slow the growth

we are now enjoying and produce recissionary circumstances. Labor says it's just a political strategy from the Government stung by yesterday's inflation figures. to you as fast that they

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split and hangers are A Queensland man is in a critical condition after a police shooting west of Brisbane. last night. Police were called to a disturbance just before 10 o'clock. It's alleged the man started throwing knives at the officers, after capsicum spray was used. Police then allegedly fired at the man. Earlier this month a man died in a police shooting in Brisbane. Beaches in north Queensland have been closed after a series of shark sightings. It's feared bull sharks are stalking in shallow waters close to the shore. There are calls for teachers salaries to be doubled to as much as $130,000 to boost quality in schooling. Michael Chaney, the outgoing President of the Business Council of Australia, urged the pay rise during a speech in Sydney last night. He's warning of an economic and social decline, unless there is a bigger focus on learning and teaching. He says the teaching profession has lost its esteem and needs to be made more attractive, to pull the best and brightest. He's become known as the 'chessboard killer' - a Russian who's been found guilty of killing 48 people. Alexander Pitchushkin recorded each murder he committed with a coin on a chessboard. split and hangers are injured first

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per have so for a meticulous into you took The mother of missing toddler Madeleine McCann has broken down in tears on Spanish television. She told the station she felt sad and lonely as she appealed for help to find her daughter. In their first television interview since the disappearance,

Kate and Gerry McCann said they were confident their daughter would be found alive. A confidential 24-hour phoneline has also been set up, manned by private investigators. two weeks out from the opening Test against Australia. will go all out to stop him The home team record for Test match wickets. from claiming Shane Warne's world Even with 700 Test wickets to his name, Australia remains a final frontier for Muttiah Muralitharan, It's probably one of the places where he has to prove he's one of the top bowlers in the world. His last Test series here was in 1995-96, when he was infamously no-balled at the MCG. Ever since, Australian crowds have taunted him over his bowling action. There might be a few "No ball" chants come his way, but, look, he'll cope with it. It's probably happened to him a number of times in his career now. He's an unbelievable bowler, with an unbelievable record. There's always idiots in every crowd, I don't know if you're ever going to stop that 100%. The Australians making it clear they don't want Muralitharan to leave the country with the nine scalps he needs to break Warne's record. If we keep him to that amount of wickets,

we should be going pretty well in the series. That's the important thing. I'm not saying it as a personal thing against Murali. I just know that's the focus we'll have to get going into the series as a batting group.

Rain has brought a disappointing end to the Ford Ranger Cup match between NSW and Queensland at the SCG. The Bulls elected to bat after winning the toss falling to 3/44. and they struggled early,

But Aaron Nye arrived at the crease to provide some much needed resistance. His assault brought to an end on 43. Before rain again took centre stage with the Bulls on 4/127. The match eventually called off. Both sides walking away with two points. Telstra boss, Sol Trujillo, will be called to the witness box when the telco defends a shareholder class action. The legal action relates to a private briefing Telstra gave to the Prime Minister and Government minister in August 2005. Shareholders claim the information was material to the share price and should have been disclosed to the market. The suit is scheduled to begin late next month.

Sydneysiders will get a look at the new commercial Airbus A380 when it jets into the city today, on its maiden voyage. The world's largest passenger plane is due to arrive from Singapore at 5:00 this afternoon. Boasting 50% more floor space than the Boeing 747, the superjumbo takes luxury to new heights, with 12 first class suites.

Almost 1 million people evacuated, as wild fires burn out of control in the US. The details, next. And the Commsec finance report when the Early News returns.

Oh, you're so busted! Franklins has price busted 4 litre Bulla ice-cream varieties. Look for this and other Price Busters only at Franklins.

Today. All but certain: Home-buyers staring down the barrel of another rate hike, as Labor and the Coalition trade blows over economic policy. Judgment day - the court to hand down its decision on work bans, as nurses in Victoria consider more strike action. Firestorm - almost a million people forced to flee their homes, as wildfires tighten their grip on southern California.

And in sport connected connections, police make horse trainer Peter Moody an offer he can't refuse. Time for the markets with Evan. Late rally on Wall Street after investment bank Merrill Lynch reported a US $2.24 billion third=quarter loss. Back home, and the Prime Minister and Treasurer have raised the spectre of recession to attack Labor's economic credentials. The Government claims any scrapping of its workplace laws will put pressure on inflation and interest rates. That would lead to a wages breakdown and could easily slow the growth we are now enjoying and produce recissionary circumstances. Labor says it's just a political strategy from the Government stung by yesterday's inflation figures. Fears of higher mortgage payments have already hit many homeowners hard. The impact especially felt in Sydney's west, an area crucial to the outcome of the federal election. In western Sydney's mortgage belt it's been an immediate reaction to the threat of another rate rise. First home buyers and those looking for a bigger house say another hike will influence their vote on November 24. Most people are losing their homes and houses. The same goes for those trying to leave rent behind. I think John Howard has had his time. Colin Robinson is the Liberal candidate for the marginal seat of Parramatta. He was campaigning in Kings Langley when the bad news broke.

It's always been a mountain to climb, 31 days to go, in 32 days I'll have a good sleep. But only a few hundred votes separate Labor and Liberal here, Mr Robinson believes interest rates will not be the most important factor. The biggest issues I get are the infrastructure and health. The Greens today confirming their preferences will go to main rival Julie Owens. That means up to 5,000 votes. Frank Colletta, Ten News. The Federal Court will decide today whether to lift nurse work bans, which have crippled Victoria's hospital system. With more, I'm joined from Melbourne by Ten reporter Ellesa Throwden. Ellesa, We're now into the nineth day of work bans, how are hospitals coping? you took convinced say if Hammad

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hunted a six per cent pay increase for us to An elderly couple has been killed in a head-on road smash in Melbourne's outer west. Their Holden sedan was wiped out by a semi-trailer, its driver losing control, veering onto the wrong side of the road. Come around the corner, rolled, heading up the hill and the dog trailer has basically impacted the car travelling in the opposite direction. The crash happening shortly after 5:30 last night along the Diggers Rest-Coimadai Road, near Melton. The truck driver suffered minor injuries. Beaches in north Queensland have been closed after a series of shark sightings. A few people were bravely swimming at Townsville's beaches today. But most preferred the sheltered rock pool. We thought we'd chill out in the rock pool. that's for sure. Two popular beaches have been closed in the past week because of the sightings of four sharks in the shallows. Yes, it's a bit surprising that beaches in Townsville are closed It's a fairly unusual event. The several years I've been a lifeguard, the only four sightings that I've had anything to do with. It's believed they could have been bull sharks, in the middle of their mating season. which are Certainly, they become more active and because they're competing, obviously, for the attention of females, they do become a little bit more aggressive. Bull sharks were responsible for the death of a woman off Amity Point last year and two male swimmers in Gold Coast canals. Townsville's beaches have been re-opened, but authorities remain on alert for any predators hunting close to shore. In Townsville, Kate Ferguson, Ten News. Wildfires in southern California will cost at least a billion dollars to repair the damage. The flames are now forming fire funnels. This one was seen approaching San Diego's nuclear power plant. Finally the winds have died down today giving firefighters some hope of beating back the flames. At least 1,300 homes and businesses have been destroyed and almost a million people evacuated.

One person has died and four other deaths have been connected to the fires. a major disaster relief declaration The President has signed and will visit the area. China has launched its first lunar orbiter for a year-long mission to the moon. has been given the name 'Chang'e One' after a Chinese Goddess who flew to the moon. It's a key step for China - the country aiming to put a man on the moon by 2020.

The launch is the latest development in the Asian space race between China, India and Japan. The Victoria Derby hopes of Pillar of Hercules are over, in an embarrassing fallout for gun trainer Peter Moody. Police believe drug fugitive Tony Mokbel's brother, Horty, holds part ownership of the horse and have banned it from racing. for us to have such a typical home victory

victory year that his turn her into victory year that his turn her into

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Lineker a filter that Sri Lankan spinning great Muttiah Muralitharan has arrived in Australia with Shane Warne's world record for test wickets in his sights. But the Australians won't be making it easy for him to build on his tally of 700 wickets, starting in the first test at the Gabba on November 8. The Sydney Kings have recorded their sixth win for the season

with victory over Adelaide last night. Sydney showed no signs of fatigue despite playing their fourth game in 11 days. The Kings with 7 different 3-point shooters in the first half alone. In the second half, Adelaide fought back with a little help from the free throw line. But Sydney continued to sink baskets when it counted

including this ally-oop from Mark Worthington. Worthington top scored for the Kings with 25 points. Sydney winning by 100 to 82. Yesterday's inflation figures have sparked concerns of a double interest rate rise before year's end.

With more, Craig James from Commsec joins us live. Craig, what were the main drivers of inflation?

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More on the other side of this short break.

ARE BEING RECOGNISED TODAY AT AN AWARDS CEREMONY IN WODEN - MORE ON THAT SOON WE'RE ENCOURAGED TO HAVE OUR SAY ON PROPSED UPGRADES

TO CIVIC'S GLEBE PARK. THE GOVERNMENT'S PLANS TO MAKE THE PARK MORE USER FRIENDLY AND WHEELCHAIR ACCESSIBLE, WHILE STILL MAINTAINING THE AREA'S HERITAGE VALUE. THE GOVERNMENT SAYS THE WORKS WILL ALSO ADDRESS THE

AFFECT OF INCREASED USE OF THE PARK BY NEARBY WORKERS AND RESIDENTS. THE A-C-T GREENS ARE CALLING FOR AN INQUIRY INTO THE DEGRADATION OF GRASSLANDS AT MAJURA AND THE JERRABOMBERRA VALLEY. THEY'VE WRITTEN TO THE A-C-T'S ENVIRONMENT COMMISSIONER, PROTESTING THE EFFECT OF HIGH KANGAROO NUMBERS

THEY CLAIM THE AREAS ARE ALSO HOME TO THE RARE GRASSLAND EARLESS DRAGON, AND THEY NEED TO BE PROTECTED BY THE GOVERNMENT THE TERRITORY'S OCCUPATIONAL HEALTH AND SAFETY AWARDS WILL BE HELD TODAY.

WODEN'S SOUTHERN CROSS CLUB IS HOSTING THE AWARDS, WHICH ACKNOWLEDGE INNOVATIVE WORK BY LOCAL BUSINESSES AND INDIVIDUALS TO IMPROVE AND MAINTAIN MAINTAIN WORKPLACE SAFETY. TORY'S OCCUPATIONAL HEALTH AND SAFETY AWARDS WILL BE AND IN SPORT, THE MELBOURNE CUP TOUR WILL ARRIVE IN CANBERRA TODAY. THE CUP AND A RANGE OF RACING MEMORABILIA WILL BE ON PUBLIC DISPLAY AT THOROUGHBRED PARK FROM TEN THIRTY A-M, AS PART OF IT'S INTERNATIONAL TOUR AHEAD OF NEXT MONTHS RACE. A RACE MEET IS ALSO PLANNED AT THOROUGHBRED PARK AS ALSO PLANNED AT THOROUGHBRED PARK AS PART OF THE CELEBRATIONS NOW TO THE LATEST WEATHER ... A BROAD TROUGH IS BRINGING SHOWERS ACROSS THE REGION, UNTIL A RETURN TO FINE CONDITIONS OVER THE WEEKEND A FINE DAY AHEAD FOR MELBOURNE AND HOBART - A FEW SHOWERS IN CANBERRA, AND THE CHANCE OF THUNDERSTORMS IF YOU'RE HEADING TO SYDNEY

SHOWERS ACROSS OUR REGION AGAIN TODAY .. STORMS ALSO ORANGE .. AND DUBBO WITH JUST THE CHANCE OF STORMS IN WAGGA

A TOP OF 16 IN BOWRAL TODAY .. BATEMANS BAY AND BATHURST HEADING FOR 19 .. SHOWERS IN THE ALPS STORMS AND 18 IN COOMA ..SLIGHTLY WARMER AND A TOP OF 21 IN MUDGEE TO THE OUTLOOK NOW AND SHOWERS AGAIN IN THE CAPITAL TOMORROW HIGHS OF 20 .. // LOOKING MOSTLY FINE INTO THE WEEKEND WITH 26 ON SATURDAY .. AND CLOUDY AND 27 ON SUNDAY

(NO SCRIPT NEEDED HERE) Welcome back to Ten's Early News. This morning. Mass evacuations - fire crews facing a losing battle to contain California wildfires, as nearly a million people are forced from their homes. Trading blows - The Government and Labor slam each other's economic credentials, with another interest rate hike all but certain. Safe and well - 54 miners trapped underground in Western Australia, finally rescued after an eight hour operation. And in sport - stop Murali. Evan now with markets. after investment bank Merrill Lynch reported a US2.24 billion third-quarter loss. It is the biggest evacuation in America since Hurricane Katrina hit New Orleans. Almost a million people have been ordered to flee their homes in southern California. Ten's US bureau chief Nicole Strahan filed this report earlier from San Diego.

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visitor and hitting her in his declared it is a disaster Labor and the Government have attacked each other's economic credentials following the release of the latest inflation figures. The Government claiming Labor will push the country into recession. Hi-5's all round on the campaign trail, a cheer squad thrown in for good measure. WE WANT RUDD! WE WANT RUDD! But there wasn't much cheer for the government

with the release of the underlying inflation rate which points to another interest rate rise. That's something that the Reserve Bank cannot possibly ignore. It looks like there's definitely going to be a 25 point rate hike in early November. And those paying the price for this are working families, on home mortgages. The government attempting to change the subject by claiming Labor's workplace policies will send the rate even higher. You would unleash such inflationary pressures in this economy, as would end in recession. with the 'R' word. The PM also chiming in and could easily slow the growth That would lead to a wages breakdown we are now enjoying and produce recessionary circumstances. This is classic Howard and Costello political strategy. Opposition Leader Kevin Rudd has called on the Government to come clean on its role in striking a plea bargain with David Hicks. John Howard and Foreign Minister Alexander Downer are denying reports they organised a deal with the US Government to get Hicks out of Guantanamo Bay. It follows new claims from a prison staffer who said Vice President Dick Cheney interfered directly to get Hicks a plea deal. 54 miners trapped underground by fire in Western Australia

have finally been rescued after an eight-hour operation. The workers had been in the Kanowna Bell gold mine near Kalgoorlie filling the area with smoke. when a truck caught fire, The miners taking refuge in emergency shelters as they waited to be rescued. It's believed no one was injured.

An investigation is now under way.

An industrial dispute crippling Victoria's hospitals could escalate even further today. Thousands of nurses will meet to vote on further work bans. The Federal Court will decide today whether the action which has closed 1200 hospital beds, will be lifted. It's an attempt by the State Government to get us to back down. We will not back down.

The court could impose heavy fines against the union and nurses.

Thin chap two-year contract and are

then and than to crash into even the old couple. An elderly couple has been killed in a head-on road smash in Melbourne's outer west. Their Holden sedan was wiped out by a semi-trailer, its driver losing control, veering onto the wrong side of the road. Come around the corner, rolled, heading up the hill and the dog trailer has basically impacted the car travelling in the opposite direction. The crash happening shortly after 5:30 last night

along the Diggers Rest-Coimadai Road, near Melton. The truck driver suffered minor injuries. Beaches in north Queensland have been closed for the third time in a week after a series of shark sightings close to shore.

Two main beaches in Townsville were closed after four sharks were seen swimming close to shore. It's believed the unwanted guests are bull sharks in the middle of their mating season. All beaches have been reopened but authorities remain on alert. Peter Brock's girlfriend is expected to appeal a court decision, which ruled a will naming her as a beneficiary is invalid. The Victorian Supreme Court instead declaring the late motor racing legend's estate be split between his three children. A 2006 will naming Julie Bamford as the main beneficiary was declared invalid because it has no signature. A grim warning to schoolboy bullies today,

with a teenager sentenced to 4 months jail. The 13-year-old whipped his victim's legs with a tree branch, smeared sandwiches over his face and urinated in his lunchbox. A Perth court heard he was one of 5 students involved in an extreme case of prolonged, sadistic torture which lasted 6 hours.

The victim's mother was in court to hear how her son was strung up on a tree by his underpants, then made to lay in a shallow grave. He's become known as the 'chessboard killer' - a Russian who's been found guilty of killing 48 people. Alexander Pitchushkin recorded each murder he committed

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despotism had to have fulfilled

stamp each square were presented a victim A protester has accosted the US Secretary of State at a hearing in Washington. The anti-war protester threw her hands - covered in what looked like blood - in front of Condoleezza Rice. The demonstrator screaming the US Secretary of State had blood on her hands because of her support for the war in Iraq. A warning for Sri Lankan spinning great Muttiah Muralitharan two weeks out from the opening Test against Australia. The home team will go all out to stop him from claiming Shane Warne's world record for Test match wickets. Even with 700 Test wickets to his name,

Australia remains a final frontier for Muttiah Muralitharan, It's probably one of the places where he has to prove he's one of the top bowlers in the world. His last Test series here was in 1995-96, when he was infamously no-balled at the MCG. Ever since, Australian crowds have taunted him over his bowling action. There might be a few "No ball" chants come his way, but, look, he'll cope with it. It's probably happened to him a number of times in his career now. He's an unbelievable bowler, with an unbelievable record. There's always idiots in every crowd, I don't know if you're ever going to stop that 100%. The Australians making it clear they don't want Muralitharan to leave the country with the nine scalps he needs to break Warne's record. If we keep him to that amount of wickets, we should be going pretty well in the series. I'm not saying it as a personal thing against Murali. I just know that's the focus we'll have to get going into the series as a batting group. The make-up of that batting group in the first Test at the Gabba Rain has brought a disappointing end to the Ford Ranger Cup match between NSW and Queensland at the SCG. The Bulls elected to bat after winning the toss

and they struggled early, falling to 3/44. But Aaron Nye arrived at the crease to provide some much needed resistance. His assault brought to an end on 43. Before rain again took centre stage with the Bulls on 4/127. The match eventually called off. Both sides walking away with two points. The push for Alan Jones to become Wallabies coach is gathering steam. The king of Sydney radio officially putting his hand up for the position. If it was the view of those people running the game in what they believe was the future of the game, then I would put my hand up. Meanwhile, Matt Burke's season with the Newcastle Falcons is over, the fullback suffering a ruptured ligament in his knee. The Victoria derby hopes of star 3-year-old Pillar of Hercules are over. The horse has been banned from racing after a police investigation into its ownership. Our concerns are that the rules of racing are complied with and when horses race they must race in the correct ownership. Police believe who's facing drugs charges. If proven, the horse could be confiscated as a proceed of crime.

Finance now with Evan

and a new mining development has been proposed for South Australia? That's right Max. Resources company Hillgrove plans to redevelop in the Adelaide Hills, the 1970s Canmantoo copper-gold mine investing $100 million. The operation will create 400 jobs in the development stage and 200 permanent positions. Formal community consultation on the mining proposal will begin today. Virgin Blue passengers could soon be slugged more for their airfares. The airline has warned it may have to increase the cost of fares to combat rising fuel prices. Airfares expected to rise if crude oil combs above $US100 a barrel. Finance diary - That's today's finance. A quick recap of the morning's top stories. All but certain - home-buyers staring down the barrel of another rate hike as Labor and the Coalition trade blows over economic policy. Judgment day - the court to hand down its decision on work bans as nurses in Victoria consider escalating strike action. Firestorm - almost a million people forced to flee their homes as wildfires tighten their grip on southern California. That's it for Ten Early News. The morning news starts at 11:00am and we'll wrap up the day in the Ten News at 5:00. I'm Max Futcher, bye for now. good morning. And I'm Evan Batten, Supertext captions by Red Bee Media Australia. www.redbeemedia.com.au