Note: Where available, the PDF/Word icon below is provided to view the complete and fully formatted document
Disclaimer: The Parliamentary Library does not warrant the accuracy of closed captions. These are derived automatically from the broadcaster's signal.
Ten Early News -

View in ParlView

(generated from captions) This program is captioned live.

Good morning. Welcome to Ten News.

Our top stories today - cash payments to millions now in the hands of the Greens

Independents as the Opposition says hands of the Greens and

no to Kevin Rudd's grand plan.

$100 million and counting - the Queensland flood emergency continues with another cyclone on

the way.

In sport, New Zealand takes it all back, denying they apologised for

calling Brad Haddin a cheat.

And watch out for a new And watch out for a new supergroup

to take the world music industry

entertainment companies begin by storm as two of the biggest

merger talks.

Today's weather details:

First, the Federal Government's

ambitious $42 billion stimulus plan

has passed the lower house of

parliament this morning after a

marathon debate. Weary MPs entered

the chamber an hour ago, but the chamber an hour ago, but

there's no guarantee that they can

pass the legislation after the

Opposition stood against it. It's a brave Opposition Leader a cash handout. who would deny millions of voters We know that this is not going to be but it's the right decision.

The Coalition won't support economic stimulus package, the Rudd Government's $42 billion of up to $50 dollars for families. which includes one-off payments is all a bit rich for the Opposition. The Prime Minister's plan He's asking Parliament

our national debt to $200 billion. to allow him to increase for every Australian. That's $9,500 dollars of debt

with Mums and Dads' basic needs This Liberal Party is out of touch across the country. should bring forward tax cuts, The Coalition says the Government on handouts. rather than blow billions increasingly like The Government is looking a frightened soldier in a panic. who fires off all his ammunition

in our economic defences. They would leave a gaping hole But all is not lost, with the fate of the bonus payments and infrastructure spending

now in the hands of the Greens and Independents in the Senate. Murray McCloskey, Ten News.

State premiers on their way to

Canberra this morning for a COAG

meeting have been warned the

tolerate them cutting back on Federal Government will not

spending,

spending, but although the Premiers

have voiced support for the second

fiscal stimulus, own the loan

Liberal Premier Colin Barnett

defied Mr Turnbull and voiced his

support. The reasonable amount of time through Parliament with a

reasonable amount of debate, but it

should not be unnecessarily delayed.

Queensland Premier Anna Bligh told

her Caucus she was on a war footing

to protect jobs. John Brumby said

his staipt has building ready to his staipt has building projects

Two good samaritans are in hospital ready to go.

after coming to the aid of an

assault victim in Melbourne's CBD.

The man was being attacked by four

men on the corner of Little Bourke

and Swanston Street. The attackers

turned on them and one was turned on them and one was stabbed

in the stomach and the other was

bashed. All three victims were taken to hospital. Police are

hunting the attackers who fled the scene. Flood-ravaged Queensland is now

bracing for the possibility of

cyclones forming on both sides of

the State. Two separate lows are

threatening to develop into

cyclones, perhaps even as early as tomorrow.

Ingham keeps going further Ingham keeps going further under,

street signs are barely visible.

Metres of flood water have swamped resident's homes, ruining almost

everything they own. We've got everything upstairs, everything upstairs, everything

that's destroyable. The resilient

people of Ingham pitch in and help each other, shrugging off the

devastating floods with a joke. He

reckons he's come to ban us! The

sugar towns the worst-hit by heavy

sugar towns the worst-hit by heavy

rain in the region, but they're not

alone. Two thirds of the State is

now disaster declared. It's an area

area roughly the size of SA. Shops

in the north of the State are

running out of food that's stuck on

road sieed due to cut roads. They

can't cope with much more. The ground in north and far ground in north and far North

Queensland is as wet as it can be.

It's like pouring water over a damp towel. But there's more on the way.

A low pressure system off Innesfail

still is there. And ex-Cyclone Ellie may

still form in the Gulf of Carpentaria.

The impact of last week's heat wave

in the south of the in the south of the country

continues to be felt as well as

causing deaths and transport

problems, the heat also damaged

fresh fruit and vegetables fresh fruit and vegetables like

blueberries potatoes and grapes,

costing producers tens of millions

of dollars. Every grower I've spoken to has had spoken to has had considerable damage done. Conditions aren't to

get easier for growers, the get easier for growers, the

Weather Bureau predicts

temperatures back up into the 40s

by the weekend.

And as Adelaide's heat wave

continues, a gruesome task

continues for the State Government

as it runs out of room to store the bodies

bodies of those who died during the

soaring temperatures. The central

morgue is also full, holding 71 out

of a maximum of 72 bodies.

Accordingly, two days ago, they

hired a temporary morgue which was

installed in their city premises

which can accommodate 12 more

bodies. Adelaide has recorded 75

sudden deaths since last Thursday.

There are fears a gang war may be

under way among bikeys in Sydney

following yesterday's bombing of

the Hells Angels clubhouse. An

explosion in the early hourls of

the morning severely damaged the

heavily fortified building, blowing

out windows in nearby homes out windows in nearby homes and scattering debris. Police expect

more tit-for-tat violence and fears

it's only a matter of time before a

the cross fire. member of the public is injured in

An

An Iraqi journalist who became

famous for throwing his shoes at

former US president George Bush has

started a trend. It seems shoe-throwing

shoe-throwing has become a way for

protesters everywhere to kick start

their campaign.

In Paris, it was a group of In Paris, it was a group of French scientists protesting education

cuts by huring their shoes. The

other day it was happening here in

Britain - a Cambridge University

speech by the Chinese Premier interrupted

interrupted by a noisy

demonstrator and a flung shoe. The

Middle Eastern insult delivered by

the foot, like the footwear the foot, like the footwear used

by Iraqis to batter a statue of Saddam Hussein has gone Saddam Hussein has gone global.

Ever since former President George

Bush was made to duck in Baghdad

twice when an Iraqi journalist

threw his shoes in a gesture of

condement. That journalist is still

in jail but the gesture has been

honoured in blopbz and imitated honoured in blopbz and imitated it

seems, almost everywhere. In Tehran,

there have been Iranians following

in his foot steps, and in London

this month, protesting Israel's

offensive in Gaza, the British were

throwing their shoes as if it was

old hat. Well, it is in Britain

where boot-throwing is an old where boot-throwing is an old sport. So popular that inventors have

created a machine to do it. In

France, it looked polished, but the

symbolism may already be losing

some of its shine.

More intrigue to the fiery one day

cricket series between Australia

and New Zealand. Black Caps

management have rejected Ricky Ponting's claim that the Kiwis

apologised over claims of Aussie

cheating in Perth. We might speak the same language, but something's been lost in translation since this incident in Perth on Sunday. Australia's skipper revealing that any hard feelings had been settled between Daniel Vettori and Brad Haddin. He got an apology via text message from Daniel, and I think we've just gotta move on from that now. But the so-called 'sorry' has the Kiwis stumped. I don't know anything about that. New Zealand team management says there was no apology. They've acknowledged that Vetoer and Hidden exchanged texts, but they say they'll have to agree to disagree on the content of the exchanges. They do, however, concur with this sentiment. It looks like both sides have accepted what's happened and it's just about getting on and playing some cricket now. Australia's Test squad to travel to South Africa named today. Young New South Welshman, the favorite to win Matthew Hayden's opening spot. Leanne West, Ten News. Queensland Police are investigating Brisbane Lions

midfielder Albert Proud over an

assault on a female pit Ron in a Gold

Gold Coast bar. The 20-year-old is

being charged with causing bodily

harm after the woman was injured in

a grass-throwing incident on

Saturday night. The Lions have suspended Proud while the Lions have their own investigation into the attack.

World swimming governing body's FINA

has thrown its support has thrown its support behind

Michael Phelps after photographs

emerged which appeared to show him smoking marijuana at a college

party. But the police say it is far

from over signalling their intention

to have criminal charges. I don't

think that you can have something

like this done and publicise and

say "I'm sorry" and forget about it.

He broke the law. So far, major

sponsors have stood by the swimmer.

To finance now with Frank and pan asonic going through shaky times.

Certainy, pan sonic says it will

cut 15,000 jobs and shut down 27

plants worldwide to cope with

plunging demands for the

televisions and other electronics products.

products. The company says half of

the reductions will happen in Japan. The rest will be spread around the

world. It's reported a whopping $709

billion -- $709 million and is on billion -- $709 million and is on

track to lose $2 billion.

Miley Cyrus, The Eagles, Madonna Miley Cyrus, The Eagles, Madonna

and JZ could end up under the one

roof. Ticket Master are due to

merge and manage everything from recorded

recorded music to ticket sales and

also tour sponsorship.

In other big business news:

Now, another batch of disappointing

profits and outlooks including

Kraft and Disney have come out in late

Let's check the weather around the nation now:

Checking this morning's newspaper

headlines - the Sydney 'Daily

Telegraph' leads with Darcy Freeman

who was thrown off the West Gate

Bridge last week allegedly by her father.

The 'Sydney Morning Herald' says

billionaire Harry Triggerboff is

asking to get off paying almost

$500,000 tax on the home next door

because it is his spare house.

in North Queensland. And more on the flooding operations

After the break, a sleding tragedy

us. in Britain's big freeze. Stay with

This program is captioned live. Our

top stories today - the Greens and

Independents hold the key to

billions of dollars in cash

payments after the Opposition takes

a political risk, saying no to

Kevin Rudd's grand plan.

Drama in the Southern Ocean with

Japanese whalers clashing with

'Sea Shepherd' protesters again.

Both sides accusing the others of

dirty tactics.

And tradge eldy as thousands of

children in England play in the

snow - a teenager is killed on a

home made sled.

First today, the Federal First today, the Federal Government

's stimulus package has passed the

lower house of parliament. MPs

entered the chamber to start

voting on the package, but there's

no chance that the Government will

meet the deadline for the Parliament to pass the lepbl

slayings today after the Federal

Opposition announced it would not

sup the handout, accusing the Prime Minister of wreckless

spending. The buck stops with him,

and in this case, he's talking

about $200 billion that will end up

having to be repaid by ourp

children. The Greens children. The Greens and

Independents will scrutinise the

package in the Senate before

deciding its fate.

The country's sole Liberal Premier

has broken ranks with the Federal

Opposition leader supporting the

plan. WA Premier Colin Barnett plan. WA Premier Colin Barnett says

the jobs and infrastructure plan is

climate. necessary in the bleak economic

Turnbull tun claims a stimulus

splurge is ill conceived. But his

colleagues say it is what the country needs to get the country

back on track. Am reasonable amount

of debate in Parliament, but

should not be unreasonably delayed.

Victims say that the package's cash handouts would be a lifeline.

Labourer Trevor Carr was made

redundant. His partner now working

extra shifts at Woolworths to keep

it afloat. It would be at the point

where the house would be on the line. Small businesses applaud the

scheme but say they need more

targeted help. Big business like to

impress the shareholders and look

lean and mean by sacking as many

staff as they can. While, with all

the imagor banks now passing on

the latest interest rate cut, more

long-term renders are paying the

plunge. I would be paying less

mortgage for them to be renting.

It's the best time to get into the boying market now.

Already floot-ravaged Queensland

is bracing for the possibility of

cyclones forming on either side of

the State. The water in Ingham is

still rising. 50 residents now

have flooding through the homes have flooding through the homes and

thousands of others are cut off and

there's the threat of more to come.

Two separate lows, one off

Innesfail and one off the Gulf Carpentaria could develop into Innesfail and one off the Gulf of

cyclones as early as tomorrow.

There's been more drama in the

Southern Ocean with Japanese

whalers clashing again. Footage

shows the whalers blasting

inflatable boats with a water

cannon. Protesters from the Sea

Shepherd Society claim golf balls

and chunks of metal were thrown at

them. The Japanese deny this.

A teenage girl has died from

injuries suffered during a sledding

accident after Britain's heavy snow

fall. Francesca Anabile 16 from

Sheffield was one of four teenage

girls using a peels of metal from

a car as a sled. She died when it

ran through a bashed -- barbed

wierp fence and then through another fence. wierp fence and then through to

Australian cricket selectors are today end months of speculation by

naming the squad for the Test series in South Africa. Young NSW Welshman Phillip Hughes vying with Phil Jacques and Chris Rogers to

fill the opening spot vacated by

Matthew Hayden. I don't reckon

they'll pick two openers. I think Matthew Hayden. I don't reckon

they should make their find up and

pick whoever they think is going to

be the best selection for South

Africa and possibly for the Ashes

Tour as well. Australia and South Africa

Africa will fight for this trophy

called the Mace. It's awarded to

the game's number one Test the game's number one Test nation.

Well, Victoria scored an easy win

in the one day clash with SA at the

MCG overnight. Bushrangers paceman

Shane Harwood ripped through the

Redbacks top order taking three

early wickets and dishing up some

savage bounces.

COMMENTATOR: Cooper, that's a nasty

one. Tom Cooper is in trouble. Tom

Cooper retired hurt. He's been

diagnosed with a small skull

fracture. The visitors were dragged

to a total of 200. It never looked enough though. The Victorian cruising to victory with 12 overs

to spare. New A-League club North Queensland

Fury has finally signed former

England international player Robbie

Fowler. He becomes the inaugral

signing. The Liverpool legend is

the fourth highest scorer in

Premier League history. The boy's

profile is huge and we hardly ever

see a player of that quality coming

to the A-League. Meantime, Sydney

to the A-League. Meantime, Sydney

FC has announced Vatislavita to

David replace John Kosmina.

David Beckham's lawyers are in

talks with LA Galaxy to extend the

stay with AC Milan. Rebecca is in

Glasgow for a mid-week friend

beck ham is in glass foe for a

midweek friendly.

The 32-year-old moved to Glasgow

to press his claims for selection in

in the England side.

It's been a choppy day on Wall

Street as investors battle to balance the bad news with some of

the good. Joining me with the details is Juliana Roadley from

Commsec. All the gloss from the

early rally in the banks and the

technical stocks has been washed

away and also the OK reading from

the service sector. Now the real the service sector. Now the real

focus is on the fourth quarter

results from Kraft and Disney and

the indication that Friday's job

numbers could be a shocker. The DOW

is down 100 points and the NASDAQ

is flat. What about reaction to the

goings on in Canberra? I think it

was driven by more pain in the

property sector and worries about

earnings and capital raising here

on the market. There is a bit of a

worry about the stimulus. If it

doesn't get through, the doesn't get through, the market

might start to see a reaction, but

at the moment, we're waiting to see

if it does get through and the

Senate is hoping it will. Do you

think it will weigh on what's going

on today? Well, the market is looking positive at the moment. The

SPI is expected to open up 13

points. I think they will afollow

the leads from Europe and Asia

which were stronger. And the gold

price rebounding $15 overnight.

It's going to be a quiet day on the corporate and the economic front,

but that's all ahead of a big week

of earnings coming out next week

starting with the bank and insurers. Thank you.

CEOs out there take note - US President Barack Obama is taking

aim at the corner office, announcing strict limits on

executive pay. He says bonuses for

bosses are unfair.

President Obama is slapping a salary

limit of $500,000 at top executives

at firms getting bailed out by the

Government. In order to restore

trust, we have to make certain that

taxpayer funds are not taxpayer funds are not subsidising

excessive compensation on Wall Street. The rule will apply Street. The rule will apply where companies are receiving

exceptional assistance. Just days

ago, he called it shameful that

Wall Street firms paid out more

than $18 billion in year-end

bonuses. And he's putting an end bonuses. And he's putting an end to

the massive severance packages for

departing executives, the payouts

known as golden parachutes. The

salary limits are a huge shake up

here on Wall Street. At the highest level,

level, $500,000 is just a fraction

of what the top executives have

come to expect. For top come to expect. For top executives

to award themselves the

compensation packages in the midst

of the economic crisis is not of the economic crisis is not just bad taste, but bad strategy and I

will not tolerate it as President.

Let's take a look around the

country at the weather details for

the day ahead:

Well, a Tokyo jewellery store is

not letting the recession take the

glamour out of weddings, unveiling

two gold tiaras, each worth $1.1

million. Jewellery maker Ginza Tanaka thinks that they'll make a

good investment for good investment for businessmen

looking to put their money into

precious metals rather than stocks

and shares. In Japan, brides change

outfits and accessories two or

three times during a wedding. The

dresses by the way, encrusted with

gold and each worth about $1 million.

I reckon you'd look good in that. I

was just picturing it on your head.

Coming up after the break, a lucky

escape for a woman after a car

crashes through a shop window.

This program is captioned live.

Top storys today, the battle Top storys today, the battle lines drawn in Parliament as the

Government's stim awe lus package passes.

No relief in sight for flood-soaked Queensland. Another cyclone is like

lin on the way.

In sport, New Zealand take it all

back, saying they didn't apologise

for calling Brad Haddin a cheat in Perth.

And in business z news, two of the

biggest entertainment companies in merger talks.

Checking today's weather now:

But first today, the Federal

Government's ambitious $42 billion stimulus

stimulus plan has passed the lower

house of Parliament this morning

after a marathon 15-hour debate.

Weary MPs enter the the chamber an

hour and a half ago, but there's no

chance that the Government will

pass its deadline to pass the legislation today after the

Opposition stood against it. It's a brave Opposition Leader who would deny millions of voters a cash handout. We know that this is not going to be a popular decision, but it's the right decision. The Coalition won't support the Rudd Government's $42 billion economic stimulus package, which includes one-off payments of up to $50 dollars for families. He's asking Parliament to allow him to increase our national debt to $200 billion. That's $9,500 dollars of debt for every Australian. with Mums and Dads' basic needs This Liberal Party is out of touch

across the country. The Coalition says the Government should bring forward tax cuts, rather than blow billions on handouts. The Government is looking increasingly like a frightened soldier who fires off all his ammunition in a panic. They would leave a gaping hole in our economic defences. But all is not lost, with the fate of the bonus payments and infrastructure spending now in the hands of the Greens and Independents in the Senate. Murray McCloskey, Ten News.

State Premiers on the way to

Canberra this morning for a COAG Canberra this morning for a COAG meeting have been warned meeting have been warned the Federal Government will not

tolerate them cutting back on spending. But all spending. But all Premiers have voiced support for Mr Rudd's

proposal. Even the loan Liberal

Premier defied Mr Turnbull and

voiced his support for the plan.

The reasonable period of time through

through Parliament but it should not be unnecessarily delayed. That

would not be in Australia's

interest. Queensland Premier Anna

Bligh told her Caucus she was on a

war-footing to protect jobs. The Victorian Premier John Brumby said his State has building projects ready to go.

Two good samaritans are in hospital

after coming to the aid of an

assault victim in Melbourne's assault victim in Melbourne's CBD.

The man was being attacked by four

men on the corner of Little Bourke and Swanston Street when two

witnesses intervened. The

attackers turned on them and one

was stabbed in the stomach and the other bashed. All three victims have been taken to have been taken to hospital.

Police are hunting the attackers

who fled the scene. Already flood-ravaged Already flood-ravaged Queensland

is now bracing for the possibility

of cyclones forming on both sides

of the State. Two separate of the State. Two separate lows

drenching the north are threatening

to develop into cyclones, perhaps to develop into cyclones, perhaps

even as early as tomorrow.

Ingham keeps going further under,

street signs are barely visible.

Metres of flood water have swamped

resident's homes, ruining almost

everything they own. We've got everything upstairs, you know

everything that's destroyable,

that's gone upstairs. What do you

do? The resilient people of Ingham

help each other, shrugging off the

devastating floods with a joke. He

reckons he's come to ban us. The

sugar towns worpt hit by heavy rain

in the region, but they're not alone. Two thirds of the State alone. Two thirds of the State is

now disaster declared. It's an

area roughly size of SA. Shops in

the north of the State are running

out of food that's stuck on

roadsides due to cut railway lines.

They can't cope with much more.

They can't cope with much more. The

ground in north and far North ground in north and far North

Queensland is as wet as it can be.

It's like pouring water over a damp

towel. But there's more on the way.

A low pressure system off Innesfail A low pressure system off Innesfail

is threatening to turn into another

cyclone by tomorrow. And ex-Cyclone

Ellie may reform into a cyclone

into the Gulf of Carpentaria.

Victorians have been warned to

brace for more bush fires as

another heat wave desend on the

State this week. Premier John

Brumby says that the State is again

facing a serious fire threat that

will stay with Victorians into

autumn. Firecrews are still trying

to get on top of a fire. NSW to get on top of a fire. NSW

firecrews are also expected to firecrews are also expected to deal

with another fire at Delegate River

on the NSW Victorian border.

As the heat wave in Adelaide

continues, a gruesome task has

emerged for the State Government as

it runs out of room to store the

bodies of those who died during the

soaring temperatures. The central

morgue is almost full holding 71

out of a maximum of 72 bodies.

Stkpwhrfrplts accordingly, two days

ago, they -- Accordingly two days

ago, they hired a temporary morgue

which was put in the city premises

which can accommodate 12 more

bodies. Adelaide has recorded 75

sudden deaths since last Thursday.

The vorpian Government insists

students there are the best and

brightest in the country despite numeracy numeracy and literacy standards

receiving an F. New figures show

between 1997 and 2007, numeracy

levels fell and literacy fell and

showed no marked improvement. But

Victoria has gone to the top of the

class in the recent National Education tests.

An Iraqi journalist who became

famous for throwing his shoes at

former US President George Bush has

started a trend T seems

shoe-throwing has become a way for

protesters everywhere. In

In Paris, it was a group of French scientists protesting education

cuts by hurling their shoes. The

other day, it was happening here in

Britain. A Cambridge University Britain. A Cambridge University

speech by the Chinese Premier interrupted by a noisy

demonstrator and a flung shoe. The

Middle Eastern insult delivered

with a shoe like the footwear

Iraqis used to batter a statue of

Saddam Hussein has gone global.

Ever since former President Bush

was made to duck in Baghdad twice

when an Iraqi journalist threw his

shoes in a gesture of contempt.

That journalist is still in jail,

but the gesture has been but the gesture has been honoured

in bronze and imitated it

in bronze and imitated it seems

almost everywhere. In Tehran, there have

have been Iranians following in his

foot steps. And in London, the

British were throwing their shoes

protesting about Israel in Gaza.

But in Britain, boot-throwing is an

old sport, so popular that

inventors have created a machine

to do it. In France, the

choreography looked polished, but

the symbolism may already be

losing some of its shine.

A lucky escape for some American

shoppers when a car ploughed through

the front doors of a general store

in Florida. Dozens of people were

caught unawares as the car jumped

the kerb and clipped the customers.

I'm alive, but I think I'm going to I'm alive, but I think I'm going to

be scarred for a long, long time.

The driver of the car, a woman in

her 80s was apparently trying to pull

pull into a parking spot in front

of the shop.

More intrigue to the fiery one day

cricket series between Australia and and New Zealand. Black Caps

management have rejected Ricky

Ponting's claim that the Kiwis

apologised over claims of Aussie cheating in Perth. We might speak the same language, but something's been lost in translation since this incident in Perth on Sunday.

Australia's skipper revealing that any hard feelings had been settled between Daniel Vettori and Brad Haddin. He got an apology via text message from Daniel, and I think we've just gotta move on from that now. But the so-called 'sorry' has the Kiwis stumped. I don't know anything about that. New Zealand team management says there was no apology.

They've acknowledged that Vetoer and Hidden exchanged texts, but they say they'll have to agree to disagree on the content of the exchanges. They do, however, concur with this sentiment. It looks like both sides have accepted what's happened and it's just about getting on and playing some cricket now. Australia's Test squad to travel to South Africa named today. Young New South Welshman, Phil Hughes, the favorite to win Matthew Hayden's opening spot. Leanne West, Ten News. Queensland Police are investigating Brisbane investigating Brisbane Lions

midfielder Albert Proud over an

assault on a female patron in a

Gold Coast bar. The 20-year-old been Gold Coast bar. The 20-year-old has

been charged with causing bodily harm after the woman was injured in

a glass-throwing incident on

Saturday night. The Lions have

suspended Proud while the club

conducts its own investigations.

Proud has also been left out of the

Idge didge NSW All -- indigenous

all-star squad.

Arrests on Saturday night after a

local Derby against Cairns. Ellis,

who was ejected for brawling with

Taipan and Williams who were arrested after a Townsville club. The pair have been larged The pair have been larged under

the Liquor Act and are due to face

court on February 18.

Back to finance now with Frank and

pan asonic is going through some

shaky times. They're not alone though?

That's right, they were once invinceible but say they will slash

15,000 jobs and shut down 27 plants worldwide with plunging worldwide with plunging demands

for the televisions and other

electronics products. Panasonic

says half of the cuts will be says half of the cuts will be in

Japan. It's reported a whopping $709

million loss in the past three

months and says it is on track to

lose $4.2 billion in the year to March.

Miley Cyrus, the Eagles, Madonna

and Jay Z could soon end up under

the one roof. Ticket Master and

Live Nation are reportedly in talks

to merge. The combined company

would be called Live Nation Ticket

Master and manage everything from

recorded music to ticket sales and

also tour sponsorship.

To other news and Qantas has revealed

revealed a 66% fall in first half

profits hit by higher fuel and

labour costs, and of course a drop in travel.

Lend lease has joined the lits of

companies capping equity markets

saying it wants to raise $302

million in fresh capital.

And Astra flarbgs, d announced an

85% drop in profits noifplt And

Macquarie Group had falling Macquarie Group had falling assets

to buy one of the largest markets

of natural gas in North America.

Let's look at the figures now:

A look now at the weather around A look now at the weather around the nation: Checking today's newspaper front pages

pages now:

The 'Age' says Malcolm Turnbull's

gamble of leaving the economic

stimulus in the hands of minor

parties may not work.

The 'Financial Review' reports BHP

is looking to capitalise on the financial downturn and acquire the

mining projects of distressed rivals.

And the 'Herald Sun' looks at the

Darcy Freeman story, a toddler

thrown off Melbourne's West Gate

Bridge, allegedly by her father.

Coming up, Spanish authorities

uncover an organised crime group

supplying fake passports to

terrorists. Stay with us. GOOD MORNING, I'M FIONA FIONA NELSON. FIRST THIS MORNING, THE A-C-T GOVERNMENT, IS LIKELY TO INTRODUCE A STIMULUS PACKAGE OF ITS OWN, TO HELP BOOST THE AILING TERRITORY ECONOMY. THE A-C-T BUDGET, HAS DIVED INTO THE RED THIS WEEK,

AFTER THE LATEST INTEREST RATE CUTS... AND THE COMMONWEALTH GOVERNMENT'S STIMULUS PACKAGE ANNOUNCEMENT.

TREASURER KATY GALLAGHER SAYS, SHE'S BEEN WORKING WITH THE GREENS, ON A NUMBER OF INITIATIVES, DESIGNED TO SAVE JOBS AND THE ENVIRONMENT. AND THE TREASURER, HAS BEEN LEFT TO DEFEND HERSELF, AFTER THE A-C-T OPPOSITION, SAID SHE WAS NEGLECTING

HEALTH ISSUES, BECAUSE THE TREASURY PORTFOLIO, IS TAKING UP TOO MUCH OF HER TIME. OPPOSITION HEALTH SPOKESMAN, JEREMY HANSON SAYS, GALLAGHER IS DISTRACTED, BY THE FINANCIAL CRISIS, AND IS NOT SPENDING ENOUGH TIME ON HEALTH ISSUES. BUT GALLAGHER SAYS, SHE'S UNFAZED BY THE COMMENTS. AND POLICE, ARE LOOKING FOR WITNESSES TO A FIRE, THAT CAUSED ABOUT TWO THOUSAND DOLLARS DAMAGE, AT THE GRIFFITH SHOPS ON TUESDAY NIGHT. EMERGENCY CREWS, WERE CALLED TO THE FIRE, OUTSIDE THE SHOPRITE SUPERMARKET, AT AROUND A QUARTER TO 11. FORENSIC CREWS ARE STILL INVESTIGATING. LOOKING TO SPORT, AND QUEANBEYAN'S MARK WEBBER SAYS, HE'S WANTS TO STAY WITH THE RED BULL FORMULA ONE TEAM, UNTIL THE END OF HIS CAREER, AS A DRIVER. THE 32 YEAR OLD, IS DUE TO RACE WITH RED BULL, FOR HIS THIRD SEASON THIS YEAR... THE OPENING ROUND IS BEING STAGED AT ALBERT PARK IN MELBOURNE. NOW HAVING A LOOK AT TODAY'S WEATHER... WINDS ARE FORECAST TO TURN MORE NORTHERLY TODAY WHICH WILL SEE MAXIMUM DAYTIME TEMPERATURES GRADUALLY INCREASE INTO THE WEEKEND. LOOKING ACROSS THE NATION - FINE AND MOSTLY SUNNY IN CANBERRA, AND BRISBANE - PARTLY CLOUDY FOR SYDNEY - CLEAR SKIES IN MELBOURNE CHECKING OUT WHAT'S HAPPENING ACROSS SOUTHERN NEW SOUTH WALES - A SUNNY AND HOT DAY FOR DUBBO TODAY, HEADING FOR A TOP OF 39 DEGREES

FINE AND 36 FOR BATHURST - CLEAR SKIES FOR BOWRAL 34 - BATHURST - CLEAR SKIES FOR BOWRAL 34 - MOSTLY SUNNY

FOR PERISHER 25 FINE WITH AN EXPECTED TOP OF 36 FOR BOTH MUDGEE AND COOMA - SUNNY AND HOT FOR PARKES 41 LOOKING AHEAD INTO THE WEEKEND - TOMORROW - SHOULD BE FINE AND SUNNY WITH A TOP OF 36 SATURDAY SHOULD BE ANOTHER FINE DAY - 39 AND SUNDAY - WE'LL HAVE A FEW CLOUDS ABOUT

. With a chance to win $50 instantly when you find a winning message in specially marked Nestle Kit Kat or Allen's products, you never know when your luck will strike.

This program is captioned live.

Top stories today - the Greens and

Independents with the power to give Australians billions of dollars in cash paims after Kevin Rudd's -- payments after Kevin Rudd's grand plan passes support the measures which include support the measures which include cash handouts. They've accused the Prime Minister of Prime Minister of wreckless spending. The buck stops with him, and in this case, he's talking

about $200 billion that will end up having to be repaid by our children. The Greens and Independents will scrutinise the package in the Senate before deciding its fate.

The country's sole Liberal The country's sole Liberal Premier

has broken ranks with the Federal

Opposition leader supporting the

$42 billion plan. WA Premier Colin

Barnett says the jobs and

infrastructure plan is necessary in

the bleak economic climate.

Malcolm Turnbull claims a stimulus splurge is ill-conceived, but his Liberal colleague say

Liberal colleague say it is is what

the country needs to get back on track. track. A reasonable amount of

debate, but it should not be unnecessarily delayed. Victims of

the financial crisis say the

package's cash handouts would be a

lifeline. Labourer Trevor Carr was

made redundant. His wife now

working extra shifts at Woolworths working extra shifts at Woolworths

to keep the family afloat. It would be

be to the point where our house

would be on the market. We would have to sell

have to sell at least the car just

to get it down, because it's tough

now with my wage just to pay the

mortgage. Small businesses applaud

the scheme but say they need more

targeted help. Big business like to

impress their shareholders and look mean

mean and lean by sacking as many

people as they can, and that's not a

a traditional small business

behaviour. We try to hang in there.

While with all the major banks

passing on the latest interest rate cut, more long-term

rate cut, more long-term renters

are finally taking the plunge. I'm

probably paying less mortgage than

I would be renting. It's the best

time for them to get into the first

home-buyer market now. Food-ravaged Queensland is

bracing for the chance of cyclones

forming on either side of the State. The water in Ingham is still

rising. 50 residents now have

flooding through the homes and thousands

thousands others are cut off. Two separate separate lows, one off Innesfail

and one off the Gulf of Carpentaria

could develop into cyclones as

early as tomorrow.

There's been more drama in the Southern Ocean with Southern Ocean with Japanese whalers clashing with protesters

again. Footage shows the whalers

blasting inflattable boats with

water cannons. The protesters from water cannons. The protesters from

the Sea Shepherd Society claim golf the Sea Shepherd Society claim golf

balls and chunks of metal were also

balls and chunks of metal were also hurled at them. The Japanese claim

there were bottles of rans I had

butter and paint thrown at their ship.

A teenage girl has died from

injuries suffered in a sledding

accident after Britain's heavy snow

fall. Francesca Anabile 16 from

Sheffield was one of four teenage girls using a peels of metal from

a car as a sled. She died when it ran

ran through a barbed wire fence. UK

ran through a barbed wire fence. UK

parks have been crowded with

children unable to go to school

because of heavy snow.

Spanish police have arrested 13

people on suspicion of organised

crime and links to extremist

militant groups. Police believe the

group of 11 Pakistani, one Nigerian

and one Indian are linked to an

international crime gang involved

in passport forgery, drug

trafficking and people-smuggling.

The group is also suspected of supplying

supplying forged documents to international militant groups.

Australian cricket selectors will

today end months of speculation by today end months of speculation by

naming the squad for the Test

series in South Africa. Young New

South Welshman Phillip Hughes vying with Phil Jacques and Chris Rogers

to fill the opening spot vacated

by Matthew Hayden. I don't reckon

they'll pick two openers. I think

they'll pick two openers. I think they should make their mind up they should make their mind up and pick

pick whoever they think is going to

be the best selection for South

Africa and possibly for the Africa and possibly for the Ashes

Tour as well. Australia and South

Africa will fight for this trophy

called The Mace. It's awarded to

the game's number one Test nation.

Victory scored an easy win in the

one day clash with SA at the overnight. Bushrangers paceman overnight. Bushrangers one day clash with SA at the MCG

Shane Harwood

Shane Harwood ripped through the

Redbacks top order taking three

wicket and dishing up some savage

bounces. That's it. Cooper, that's

a nasty one. Redbacks in nasty

trouble here. Tom Cooper was in

trouble. He retired hurt and has

been diagnosed with a small skull

fracture. Rear guard action from

Ferguson dragged the visitors to a

local of 200, but it never looked

to victory enough. The Victorians cruisings

to victory with 12 overs to spare.

New A-League club North Queensland

Fury has finally signed Robbie Fowler.

Fowler. The 33-year-old becomes Fowler. The 33-year-old becomes the

club's inaugral signing. The

Liverpool legend is the fourth highest

highest scorer in Premier League

history. The

The boy's profile is huge and we

hardly ever see a player of that

quality and calibre coming to the A-League. quality and calibre coming to

A-League. I think he's got a lot

offer A-League. I think he's got a lot to

offer us.

Latisivaka has been announced as coach. Latisivaka has been announced as th

David Beckham's lawyers are in

talks with the LA Galaxy to extend

his stay with AC Milan. He's in

Glasgow for a midweek friendly but

was remaining tight-lipped. The

was remaining tight-lipped. The 33-year-old moved to Italy during

the US offseason to press his claims for selection in the England side.

Well, it's certainly been a choppy

day on Wall Street. It's gone pear shaped at the end as investors battle

battle to balance the bat news with

Juliana Roadley from Commsec. What some of the good. Joining me now is

are the factors driving Wall

are the factors driving Wall

Street down? Early on, it was about

the rally in the banks and the the rally in the banks and the

technical sector and OK for the

service sector for the month of

January. All of that being washed

away. I think the big focus at the

moment is on the poor corporate result. We had bad numbers result. We had bad numbers coming

through from Krafh and Disney. We

now have lay-offs at the highest

level in the last seven years in

the US and that's really worrying.

The DOW at the moment

The DOW at the moment pauf 110 and

the NASDAQ down by one. Quickly,

the market reaction here to the

goings on in Canberra? There wasn't

too much going on. I think everyone

was focusing on the property sector

and the earnings and capital

raising. I know there's concern of

going through the Senate but we

know that we'll get some in some

form and soon. How is the market

shaping up? Our market is set to open

open up 17 points. The oil price,

the gold price gaining another the gold price gaining another $10

and base metals are higher so

that's playing into a great day for

our market.

Thank you very:

C esmofplts out there take note, US

President Obama is taking notes on

executive pay. He says bonuses for

bosses are unfair.

President Obama is slapping a salary

President Obama is slapping a salary

limit of $500,000 on top executives

at firms getting bailed out by the

Government. In order to restore

trust, we've got to make certain that

that taxpayer funds are not subsidising executive subsidising executive compensation

packages on Wall Street. The rule

will apply at companies receiving

what the President calls "exceptional assistance". Just days

companies paid out more ago, he called it "shameful" that

companies paid out more than $18

billion in bonuses, even while the

industry was accepting enormous

taxpayer bail-outs and putting an

end to the massive severage

packages for departing executives.

The payouts known as golden

parachutes. The salary levels are parachutes. The salary levels are a

huge shake up on Wall Street. Here,

$500,000 is just a fraction of what

the top executives come to expect. For them

For them to award themselves with

these compensation packages in the

midst of this is not just bad taste

but bad strategy.

Business in brief now and Panasonic has been hit by has been hit by falling demand,

plants worldwide. axing 15,000 jobs and closing 27

GE Capital will cut 400 more jobs

as it reduces its pal sheet in Australia and New

Australia and New Zealand.

New car sales fell 18% in the last

month. The Mazda 3 is the top seller. seller.

And BHP Billiton delivers a

significant drop in first half

profits warning a resurgence in

China will not be enough to lift China will not be enough to lift

commodity markets. Noul just one

look at the SPI, it is up about 20

points and the Dow Jones is about

130 off. So that's not so great,

but all eyes on Canberra of course.

Thank you very much for that. Let's

check the weather details now:

Recapping today's top stories now:

The battle lines drawn in

Parliament as the Government's

stimulus package passes the lower

house, but the Greens

house, but the Greens hold the key

in the Senate. $100

$100 million and counting - the

Queensland flood continuing with

another cyclone on the way.

And dirty tactics as Japanese

whalers clash with protesters in

the Southern Ocean trying the Southern Ocean trying to

interfere with the controversial whale hunt.

That's it for Ten's Early News. See

you tomorrow. Have a great

you tomorrow. Have a great day.

Supertext Captions by Red Bee Media Australia www.redbeemedia.com.au