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Ten Early News -

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(generated from captions) Good morning, everyone. I'm Ron Wilson. I'm Frank Coletta. Well

come to Ten's Early News.

This morning's top stories - the

Government's grand plan for carbon

trading comes under a cloud,

brought undone by the shaky world economy. A swine flu pandemic one step

closer as the WHO admits it might

the maximum. have to increase the alert level to

The Brownlow Medal betting market

gets a big shake-up with news

Geelong star Gary Ablett's join

injury is worse than expected. In

business news, good news if you're

looking to buy a house everywhere

except Darwin. Bad news, if you're

Darwin. planning to sell... anywhere except

Heading our news this morning - the

Prime Minister has pushed the

starting date of emissions trading

back 12 months due to the global

financial crisis. The delay will

see Kevin Rudd's election promise

go unfulfilled until July next year.

The PM has sought to placate both

green and industry groups by considering tougher reduction

targets and greater compensation.

Slower start to the carbon

pollution production scheme and the

prospect of a stronger, greener

conclusion. The Government will

even consider a 25% target by 2020

if a global agreement is reached in

Copenhagen later this year.

Meanwhile, the Government now faces

the tough task of pushing its emissions trading legislation

through the Senate with the

Opposition already committed to

oppose it. The Coalition believes

the scheme should be reviewed from

top to bottom. We cannot have a

situation where we support a scheme

which will lead to tens of

thousands of Australians out of

work and with no substantial cuts

in CO2 emissions into the bargain.

The stand-off raises the prospect

of a double disillusion election.

If that's the case, the Opposition

has received its first good news in

some time. The latest Newspoll

shows the Coalition has jumped

three points in line with a 3% fall

by the government, two-party preferred. Kevin Rudd is still clearly the preferred leader but

his popularity has dropped 3% while

19% of voters believe Malcolm

Turnbull would make the better PM.

The Victorian Government will today

unveil what's tipped to be a State

budget heavily focused on education.

It's expected to be Labor's

tightest budget since coming to power. Despite widespread

expectations of a tight budget, the

Premier has been out spruiking what

spending there will be. A big

budget in terms of education. A big

budget generally in terms of

capital spending. It will be a

jobs-building budget. John Brumby

and the Deputy Prime Minister

announcing $1 billion in federal

money state funding for schools. This

money is being made available to

construct multipurpose halls,

libraries and to replace classrooms.

Including those lost at schools in

the Black Saturday fires. Transport

for is also expected to be a priority

for Labor as it tries to fund its

ambitious road and rail plans. A

$38 billion transpart plan. What we

know today is there's only $4

billion set aside for T it's

clearly on the never-never. The

Treasurer set to borrow to pay for

promises. The Premier dismissing

concerns that Victoria's level of

debt is expected to increase to $16

billion in the next three years.

I'm telling you their revenue

numbers are wrong. As a consequence,

the conclusion is wrong.

Archaeologists will today begin a

delicate operation to exhume the

remains of more than 400 Australian

and British soldiers from a mass

grave in northern France. The

soldiers were buried after the

Battle of Fromelles in July of 1916

where more than 5,500 diggers were

killed, wounded or reported missing.

Their remains will be reburied,

individually, at a nearby

Commonwealth military ceremony.

The World Health Organisation

hasn't ruled out hiesing -- rising

the pandemic alert to its highest

levels. Australia so far is still

avoiding the swine flu outbreak.

Downtown Hong Kong has become an

area of quarantine. More than 300

people are being kept in this hotel

after with one man who is staying

there developed swine flu. These

pictures were filmed by a British

tourist inside the building. China

was heavily criticised for its

slow response to the SARS virus six

years ago and this time it's

taking no chances. In Mexico, where

the outbreak began, the government

says they're through the worst. The

virus has spread to more than 20

countries but overall, symptoms

appear mild. However, the big worry

is that the H1N1 virus could

mutate or strengthen and come back

with a vengeance later this year.

There's a little danger, I think,

at the moment, that we all become

complacent and the World Health

Organisation today has fired a

warning shot, really, saying to

governments, you know, don't let up.

This is not yet over. I think from

the general public's perception, I

think people should relax a little

bit. Personally, I don't see this

exploding. For now, swine flu

poses only a small threat to the

public but with the number of cases

rising, vigilance, early diagnosis

and containment remain the most

powerful ways to stop it spreading.

One of Italy's most dangerous

fugitives has been arrested after

spending more than six years on the

run. Mafia leader Raffaele Diana

was found in the hidden basement of

an apartment block. Police also

seized two guns, a silencer and

ammunition. The 55-year-old is a

senior figure in the knee poll tan

Mafia and has been on the list of Italy's most wanted. Sport

this morning and Geelong has

conceded as far Gary Ablett's

groin injury is worse than expected,

Medal betting market. spaking big changes in the Brownlow

Gary Ablett looked in pain on

Sunday and yesterday came the

verdict. The red-hot Brownlow Medal

favourite has an abductor strain

and will be on the sidelines for up

to three weeks. I didn't know the

results of it until I come in on

the radio and heard that there was

a report of two or three weeks. I'm

obviously going to miss him dearly.

The injury had a massive impact on

the Brownlow market. Ablett had

been the hottest favourite since

betting on the medal has been

allowed. He was flying, wasn't he?

Very disappointed. I spoke to him

today. He said he was sore and went

and got the scans done. John

Anthony has been rubbed out for

this contact with Scott Thompson.

Talk about getting up close and

personal. He definitely wanted to

make some contact on his way up,

didn't he? As a result the

21-year-old has copped a two-match

ban. With an early plea, he can

take one week.

The Sydney Roosters have until

Friday to decide whether or not to

challenge the NRL's $10 now

thousand fine slapped on Brad

Fittler -- $10,000 fine slapped on

Brad Fittler. He suggested they

have an -- referees have an agenda

against block plays by his team.

Really, really bad decision, the

one of John Tansy. I can't believe

that. Our team is the only one in

the comp that they look at them

closely. Every time we had a block

play they scrutinised it to death.

It's just crap. The comments were

deemed to have questioned the

referee's integrity.

Matthew Hayden has starred for the

Chennai's Super Kings as they

charged to victory against the

Deccan charger. His 43 from 26

balls set up a solid total for the Super Kings.

He connected right away. Chennai

went on to post 178 while Gilchrist

was gone for a first-ball duck as

his side was bowled out for just 100.

Time for the finance news now with

Frank Coletta. It seems that no

matter what you say to the economy,

the real estates always say there's

never a better time to buy a new

house. You've got that down pat.

You should be selling. But it's not

much good if you're looking to get

a good price selling yours. House

prices are falling at the fastest

rate in a quarter of a century.

Now, the news keeps getting worse

for car makers here and abroad.

Figures due out today are

reportedly set to show the slump

continued in March, sales down

about 20% in the first three months

of the year, Toyota reportedly

falling 37%. The biggest - Holden,

23%. Hyundai is the only bright

spot, recording a rise in sales of

12%. Hong Kong has led the way on

global markets. More in a moment

but better than expected pending

home sales data in the US and a

more positive outlook for the banks

gave Wall Street a timely boost.

Weather check on your screen right now.

Still to come on Ten's Early News:

The recession finally starting to

damage the Government's popularity

and the Italian Prime Minister

stands up to his wife, who doesn't

want him to hang around beautiful young women any more.

Not surprisingly. Details next.

(QUIRKY MUSIC) Looking for a home loan takes so much time it's exhausting. Mortgage Choice does the legwork for you and our service is free.

Headlines every 15 minutes on Ten's

Early News:

Critics cry foul as the recession

forces the Federal Government to

delay its emissions trading scheme.

The world Health Authority concedes

it may have to increase the swine

flu alert to phase 6, even as

Mexico lowers its alert level.

Rescuers in the Philippines in a death strugg toll rescue survivors

of a mudslide which has already

killed up to 18 people.

The global financial crisis has

forced the Prime Minister to push

back the start of his emissions

trading scheme to July of next

year. He's tried to buy the ongoing support

support of green groups and

business by setting tougher targets

and offering greater compensation.

The Prime Minister is feeling the

heat in the battle against global

warming. It's big stuff and, um, I

wish it was easier to do this. It

ain't. It's really hard. Especially when the worldwide recession

continues to bite so hard, the

Government says it must delay the

start of its emissions trading

scheme by one year, breaking an

election commitment and going

against Kevin Rudd's rhetoric of

just five months ago. To delay any

longer would be reckless and

irresponsible. Today's announcement

represents a massive backdown, a

humiliating backdown. As

consolation for the delay, the

government has promised leftier

targets, as much as 25% of 2000

emission levels by 2020 but only if

the rest of the world jumps on

board in Copenhagen later this year.

Putting forward a 25% target by 2020

will ripple around the world.

Despite the demands for delay being

met, Malcolm Turnbull says he still

won't support the Government's legislation. He wants another

inquiry, this time by the

Productivity Commission. My

challenge to Mr Turnbull is this -

take it to your party room and get

a position.

Joining me live now on the

telephone a Greenpeace climate

change spokesman, John help burn.

What's your reaction to this

12-month delay? It's disappointing

that Kevin Rudd is using the

recession as an excuse to delay

action on climate change when it

should be the opportunity to make

the urgent and massive investments

to drive the transtoigs a

low-carbon economy. Really it's an

encues because they're unable to stand up to the lobbying pressure

of the big polluters. You're not

at all convinced that the

financial crisis is the reason for

reducing pressure on industry? No,

it should be taken as an

opportunity to increase the urgency

of our action on climate change but

the design of the scheme the

Government has come up with is

appalling. It's a mess. We think it

should go back to the drawing board

but we shouldn't be delaying action.

We should be looking at making

more urgent investment rather than

delaying it. Let's look at your

side of it then. Do green groups

need to lower their targets to give

the scheme hope of getting off the

ground? Well, the low targets are

really not going to make any

difference on climate change and the 5%

to 50% range we had was sending a

signal internationally -- 15% range

we had was sending a signal

internationally that Australia was

not serious which I think is why

Rudd has had to increase that range.

We can't be afraid of the future.

We need to embrace a low-carbon

economy and set clear and strong

targets. Otherwise we'll dither

around and it won't make any

difference what we do. We have to

solve the crisis. It's far too

important to keep on ignoring. John,

thank you for speaking with us this

morning. John Hepburn.

The Opposition has received its

first good opinion poll news in

some time. The latest Newspoll

shows the Coalition has jumped

three points in line with a 3% fall

by the Government. Kevin Rudd is

still clearly preferred leader but

his popularity has dropped 3% while

19% of voters believe Malcolm

Turnbull would make the better PM.

Schools are tipped to be big winners

when the Victorian State budget is

unveiled today. The Brumby

Governmentsome not holding back on

spending for classrooms. It's

announced $1 billion in federal

spending for education. A terms - -

a big budget in terms of education

and in terms of capital spending.

Despite the education cash splash,

it's expected to be Labor's

tightest budget since coming to

power ten years ago.

Frustrated workers at a Perth

power company are set to walk off

the job over a pay dispeat. More

than 200 Western Power employees

will stop work angry at the slow

pace of pay negotiations. The union

is considering Statewide stoppages

as early as next week. The company

says it's prepared for the strike

and has welcomed the union's pledge

to suspend industrial action in the

event of an emergency.

Another 200,000 Queenslanders could

be out of work within a year.

Premier Anna Bligh says the State's

unemployment rate is expected to double if the housing industry continues to fall.

The number of jobs advertised in

Queensland last month plummeted,

down 7%. We've now got half the

number of jobs we had available 12

months ago so it is a significant

decline.

April wasn't a good month. National

figures, to be released later this

week, are expected to show 20,000

Australians lost their jobs,

bumping the official jobless rate

to around 5.8%. And it's not likely

to improve. Queensland is bracing

for unemployment levels to double

in the next 12 months, past the

forecast 8%. But I don't think we

should rule out the possibility

that it might go higher. If it does,

200,000 Queenslanders could be out

of work this time next year. Union

membership has swollen. Fears of

job losses dominated yesterday's

Labour Day march in Brisbane. 3, 5,

7, 9, pay the teachers more, it's time.

There's been a record plunge in

house prices across the nation.

Prices down almost 7%.

Health officials fear the deadly

swine flu virus could mutate and

return later this year. There are

more than 1,000 confirmed cases

across 20 countries including nine

new cases in Britain. The World

Health Organisation hasn't ruled

out raising the pandemic alert to its highest level.

If the situation remains as it is,

WHO has no plan to raise the alert

level to 6 at this moment, but WHO

continues to warn that a pandemic is possible.

Three Australians living in the UK

have tested positive for swine flu,

while a fourth Australian has been placed in quarantine in Hong Kong.

Rescue workers are continuing to

recover bodies after a landslide in

the Philippines. A dozen homes were

buried in the country's north-east.

The death toll has risen to 15. The

lapped slide was triggered by a

severe storm which has killed five

other people.

Italian Prime Minister Silvio

Berlusconi is demanding an apology

from his wife over claims he flirts

with younger women. Veronica Lario

has filed for divorce after

publicly lashing out at the PM for

attending an 18-year-old girl's

birthday party. 72-year-old

Berlusconi says he doesn't know if

their marriage can survive and he's

not sure he wants it to. They've

been married for 19 years and have three children.

New Zealand rugby league captain

Benji marshal has assured fans he

will be fit to play this weekend

against Australia despite suffering

a corked thigh. While it's smooth

sailing in the Kangaroos camp with

the Queensland-dominated line-up confident of a win.

An entire Kangaroos back line made

up of Queenslanders - bad news for

NSW nearing Origin but great news

for the Aussies, new coach Tim

Sheens predicting the side to gel

quickly ahead of Friday's Test

against the Kiwis. My job is to get

to know them and point them in the

right direction. There will be a

few things I'd like to throw in but

there's no way I can change things.

I'd be stupid to try. There's only

been minor changes to the team

which lost last year's World Cup

final to New Zealand but Sheens is

playing down the revenge card. I

won't push that button. That's a

World Cup. It's gone. It really

hurt, so, um, we're back in the

jersey now and I'm sure we'll be

keen to sort of turn the tables.

One concern for the Kangaroos -

their only debutant, carious Bo

where, d, needs to prove he's over

a thigh injury. A few dramas in the

Kiwi camp with newly crowned skipper

Benji Marshal battling a cork. I

should be running tomorrow. I'll be

sweet for the game, 100%. Jeremy

Smith needs to prove his fitness

while a question mark hangs over

Isaac Luke. He's facing a week's

suspension after being charged with striking.

Geelong star Gary Ablett looks set

to miss up to three weeks from

theival. The -- AFL. The hot Brownlow Medal favourite suffered

an abductor strain in Melbourne. I

didn't know the result until I

heard the report on the radio.

Obviously we'll miss him dearly.

And Hawthorn ruckman Simon Taylor

has been suspended for two matches

for an incident with Carlton's Setanta owe hall pin.

-- O'hAilpin.

Stocks rallied on Wall Street overnight as investors welcomed

stronger than expected reports on

housing and construction spending.

Juliana Roadley, it looks like

investors agree with what we've

been saying for a couple of weeks,

that the worst is over? Yes.

Investors getting behind this rally

today. The banking sector was up

11% today after Warren Buffet came

out. He said he feels the US

banking system is recovering and

customers' deposits are safe. A

great sign. Pending home sales up

3.2% and construction spending - at

the public end of the area - some

good gains. Big rallies in the tech

stocks, everyone trying to see who

has the best handhold device

between i phone and Black berry.

Both of their stocks are higher.

What does it all mean for us, then?

We had a great day yesterday,

really driven by business cheering

the delay to the carbon tax plan.

We're up around 2.9% yesterday, set

to open up another 81 points higher

today. Base metals quiet because of

the holiday in London.

The oil price up, great gains for

us. It is rate day here in

Australia. That will be the one

that really everyone is going to be Thanks.

German car-lovers are all aflutter

this morning with news that Italy's

Fiat looks like taking control of

its beloved open yell brand. The

Fiat boss turned up in style today

for discussions with government

officials on buying Opel. The

Germans remain worried about jobs

and they're concerned, of course,

because Fiat itself was almost bankrupt not so long ago.

Still ahead - grow your hair, dust

off the flares. The old Woodstock

crowd is getting back together.

We'll tell you the best place to relive your youth later this year.

Headlines every 15 minutes on Ten's Early News:

Conservation voices raised in protest after the Government is

forced to set back its trading

carbon plan because of the world downturn.

The number of swine flu victims has

topped the 1,000 mark as 35

Australians await test results for

the virus. The Brownlow Medal betting market

gets a huge shake-up with news Gary

Ablett's join injury is worse than expected.

In business today - good news if

you're looking to buy a house

everywhere except Darwin. Bad news

if you're planning to sell, anywhere except... Darwin.

The Prime Minister has pushed back

the start of emissions trading 12

months due to the global financial

crisis. The delay will see Kevin

Rudd's election promise go

unfulfilled until July next year.

The PM has sought to placate both

green and industry groups by

considering tougher reduction targets and greater compensation.

A slower start to the carbon

pollution production scheme and the

prospect of a stronger, greener conclusion. The Government will

even consider a 25% target by 2020

if a global agreement is reached in

Copenhagen later this year.

Meanwhile, the Government now faces

the tough task of pushing its

emissions trading legislation

through the Senate with the

Opposition already committed to opposing it. The Coalition

believes the scheme should be

reviewed from top to bottom.

We cannot have a situation where we

support a scheme which will lead to

tens of thousands of Australians

out of work and with no substantial

cuts in CO2 emissions into the bargain.

The stand-off raises the prospect

of a dibble dissolution election.

If that's the -- double dissolution

election. If that's the case, the

Coalition has received some good

news. They've jumped three points

in line with a 3% fall by the

Government, two-party preferred. Kevin Rudd is still clearly

preferred leader but his popular

has dipped 13%. 19% of voters

believe Malcolm Turnbull would make

a better prime minister.

The vorp Government will today

unveil what's tipped to be a State

budget heavily focused on education.

It's predicted to be Labor's

tightest since coming to power.

The Premier has been out spruiking

what budget spending there will be.

A big budget in terms of education,

a big budget generally in terms of

capital spending. It will be a

jobs-building budget.

John Brumby and the Deputy Prime

Minister announcing $1 billion in

federal funding for schools. This

money is being made available to

construct multipurpose halls,

libraries and to replace classrooms.

Including those lost at schools in

the Black Saturday fires. Transport

is expected to be a rier for Labor

as it tries to fund its ambitious

road and rail plans. A $38 billion

transport plan. Today there are

only $4 billion set aside. It's

clearly on the never-never. The

Treasurer to boost Victoria's borrowings to pay for Labor's

promises. The Premier dismissing

concerns that Victoria's level of

debt is expected to increase to $16

billion in the next three years.

I'm just telling you the numbers

are wrong, right? And the revenue

numbers are wrong. As a consequence, the conclusion is wrong.

The World Health Organisation

hasn't ruled out raising the

pandemic alert to its worst level

as the virus continues to spread.

There are more than 1,000 confirmed

cases across 20 countries.

Australia so far is still avoiding

an outbreak.

Downtown Hong Kong has become an

area of quarantine. More than 300

people are being kept in this hotel

after one man staying there

developed swine flu. These pictures

were filmed by a British tourist

inside the building. China was

heavily criticised for its slow

response to the SARS virus six

years ago and this time it's

taking no chances. In Mexico, where

the outbreak began, the Government

says they're through the worst. The

virus has spread to more than 20

countries, but overall symptoms appear mild.

However, the big worry is that the

H1N1 virus could mutate or

strengthen and come back with a vengeance later this year. There's

a little danger, I think, at the

moment, that we all become

complacent and the World Health

Organisation today has fired a

warning shot really, saying to

governments, you know, don't let up,

this is not yet over. I think were

the general public perception,

people should relax a little bit.

Personally I don't see this

exploding. For now, swine flu poses

only a small threat to the public

but with the number of cases

rising, vigilance, early diagnosis

and containment remain the most

powerful ways to stop it spreading.

It's been revealed at least 12

asylum seekers who recently arrived

in Australia have tried to get in

here before. News Limited this morning reports four of those

discovered on a boat this year had

previously been granted temporary

protection visas and then been

repatriated. Five others

previously had claims for asylum

rejected and were deported. Another

three people have been suspected of

trying to get here illegally during

the years of the Pacific solution.

Calling all ageing hippies. The old

Woodstock crowd is getting back

together. Performers from the 1969

concert are planning a 40-year reunion.

The concert will be at a centre

built for the arts on the dairy

farm where 400,000 people partied

in the summer of love. Don't remember it!

Geelong has conceded Gary Ablett's

join injury is worse than first

thought. That's sparked big changes

in the Brownlow Medal betting market

Gary Ablett looked in pain during

Sunday's win over Melbourne. And

yesterday came the verdict. The red-hot Brownlow Medal favourite

has an abductor strain and will be

on the sidelines for up to three

weeks. I didn't know the result of

it until I heard on root that there

was report of two or three weeks.

Obviously we'll mission him dearly.

The injury had a massive impact on

the Brownlow market. Ablett had

been the hottest favourite since

betting on the medal has been

allowed. He was flying, wasn't?

Very disappointing. I spoke to him

today and he said he was very sore.

John Anthony has been rubbed out

for this contact with North

Melbourne defender Scott Thompson.

personal. Talk about getting up close and

He definitely wanted to make

contact on his way up, didn't he?

As a result, the 21-year-old has

copped a two-match ban. With an

early plea, he can take one week.

The Sydney Roosters have until

Friday to decide whether or not to

challenge the NRL's 10 thousand how

fine on coach Brad Fittler

following the weekend's win. He

suggested the referees have an

agenda against block plays by his

team after a try was disallowed

against Cronulla. Really, really

bad decision. I just can't believe

that. I think ours is the only team

in the comp that they look at

ultraclosely. Every time we had a

block play they scrutinised it to

death. It's just crap. The comments

were deemed to have questioned the referee's integrity.

Matthew Hayden has starred for the

Chennai Super Kings as they

cruised to victory against Adam

Gilchrist's Deccan Chargers.

Hayden's 43 from 26 balls set up a

solid total for the Super Kings.

Chennai went on to post 178 while

Gilchrist was gone for a first-ball

duck as his side was bowled out for just 100.

Time for more in finance now with

Frank clelt ya. At the moment, it's

a pretty good time to buy a house.

It depends what side of the fence

you're sitting. It's no good if

you're looking to get a good price

selling yours. House prices are

falling at their fastest rate in a quarter of a century.

The news just keeps getting worse

for car-makers, both here and

abroad. Figures due out today are

reportedly set to show that the

slump continued in March, sales

down about 20% in the first three

months of the year, Toyota

reportedly falling by 37%. Holden

lost 23% and Ford 17%. Hyundai has

recorded a rise in sales of 12%.

Briefly in other business news, explosives group Orica continues to

defy the world downturn saying it

expects full-year earnings to rise.

Senior ANZ executive Brian Hartzer

overseas job. has announced he's off to an

All eyes will be on the RBA as it

meets today although analysts say

it's unlikely we'll get an interest rate cut.

A better than expected pending home

sales data and more positive

outlook for the banks gave Wall

Street a boost.

Checking news websites around the

world this morning, the 'China

Daily' says China, Japan and South

Korea have finalised details of a

$120 billion emergency fund to help

Asian economies counter the global downturn.

The 'New Zealand Herald' reports

New Zealand and Australia will

strengthen their defence relationships to deal with

emerging crises in the region.

And the 'New York Times' says

Barack Obama will soon begin

cracking down on offshore tax havens.

After the break - an announcement

that's got Frank on the edge of his

chair this morning. The new playboy

play mate of the year. We'll tell

you. In fact I hope we'll show you

the lucky winner when we come back. NELSON. GOOD MORNING, I'M FIONA

THE NEW HUNDRED MILLION FIRST, WORK IS UNDERWAY, ON MONASH. DOLLAR AGED CARE CENTRE, AT AGED CARE FACILITY, WILL STAGE ONE, OF THE GOODWIN DOLLARS, WITH A SECOND COST AROUND 23 MILLION STAGE POSSIBLE. HAVE MORE THAN A HUNDRED THE CENTRE WILL EVENTUALLY HUNDRED AND 50 UNITS, FOR BEDS, AND CLOSE TO A ON THE COCKCROFT AVENUE PEOPLE LIVING INDEPENDETLY, SITE. NEXT WEEK, AFTER AN ALLEGED TWO MEN WILL FACE COURT OF HAND, IN CHARNWOOD ON ROAD RAGE INCIDENT, GOT OUT SATURDAY NIGHT. OLD, FOR THREATENING A 35 POLICE ARRESTED A 17 YEAR STEERING WHEEL LOCK ,ON YEAR OLD MAN, WITH A METAL 11 P-M. LHOTSKY STREET, JUST BEFORE ARRESTED SHORTLY AFTER, FOR THE 35 YEAR OLD WAS TRYING TO INTERFERE WITH THE FIRST ARREST... HE'S ALSO BEEN CHARGED, FOR INJURING THE HAND OF ONE OF

THE OFFICERS AT THE SCENE. POLICE ARE STILL INVESTIGATING.

MEANWHILE, RAIDER, TREVOR THURLING, IS DUE TO FACE

COURT TODAY, AFTER HE WAS ARRESTED FOR ALLEGEDLY DRINK DRIVING IN SYDNEY. THE 24 YEAR OLD, WROTE HIS CAR OFF IN BONDI JUNCTION LAST MONTH, AND ALLEGEDLY BLEW POINT - ONE WHEN BREATH TESTED, AFTER THE CRASH. HE'S BEEN STOOD DOWN BY THE CLUB, AND IS EXPECTED TO AND IS EXPECTED TO FACE WAVERLEY COURT TODAY. AND THE QUEANBEYAN TIGERS, LOST BY EIGHT POINTS, S-C-G YESTERDAY... THE AGAINST THE SWANS AT THE FOR THE SEASON. CLUB'S FOURTH STRAIGHT LOSS BEAT TUGGERANONG, AND IN OTHER MATCHES, AINSLIE BY 40 POINTS. EASTLAKE DEFEATED BELCONNEN -EARLY FOG THEN FINE DAYS STARTING WITH THE SATELLITE RIDGE OF HIGH PRESSURE LIES EXPECTED THIS WEEK - AS A SURROUNDS ACROSS THE A-C-T AND FINE, BUT PARTLY CLOUDY LOOKING ACROSS THE NATION - MELBOURNE AND ADELAIDE - A TODAY FOR CANBERRA, SYDNEY SHOWER OR TWO CLEARING ACROSS SOUTHERN NEW SOUTH CHECKING WHAT'S EXPECTED DEGREES FOR DUBBO - A WALES - SUNNY AND 22 GONG 21 THE TOP POSSIBLE SHOWER FOR THE BATHURST - BOWRAL COULD GET FROST THEN SUNNY AND 18 FOR

A SHOWER 16 THE EXPECTED THE TOP - MOSTLY SUNNY AND A SUNNY DAY FOR MUDGEE 20 THEN SUNNY FOR THREDBO AND 16 FOR COOMA - FROST THE EXPECTED TOP FOR THE LOOKING AHEAD - 17 DEGREES SHOULD BE FINE AND PARTLY NEXT FEW DAYS TOMORROW -

CLOUDY THUSRDAY - MOSTLY SUNNY

A FINE AND SUNNY DAY AND FRIDAY - WE CAN EXPECT AND SUNNY DAY .

Headlines on the quarter hour: Citdics crying foul as the recession forces the Federal

trading scheme. Government to delay its emissions

The world health authority concedes

it may have to increase the swine

flu alert to phase 6, even as

Mexico lowers its alert level.

One of the year's most eagerly

awaited announcement - who is the

2009 playboy Playmate of the Year?

The global financial crisis has

forced the Prime Minister to push

back the start of his emissions

trading scheme to July of next

year. He's tried to buy the support

of green groups and businesses by setting tougher targets and offering

greater compensation.

The Prime Minister is feeling the

heat in the battle against global

warming. It's big stuff. I wish it

was easier to do this. It ain't.

It's really hard. Especially when

the worldwide recession continues

to bite so hard, the Government

says it must delay the start of its

emissions trading scheme by one

year, breaking an election

commitment and going against Kevin

Rudd's rhetoric of just five months

ago. To delay any longer would be

reckless and irresponsible. Today's

announcement represents a massive backdown.

As consolation for the delay, the

Government has promised leftier

targets, as much as 25% of 2000

emission levels by 2020 but only if

the rest. World jumps on board at

the Copenhagen climate change

conference later this year. Putting

forward a 25% target by 2020 will

ripple around the world. Despite

his demands for delay being met,

Malcolm Turnbull says he still

won't support the Government's

legislation. Instead, he wants

another inquiry, this time by the

prubgtdivity commission. My

challenge to Mr Turnbull is this -

take it to your party room and get

a position. The Opposition has

received its first good opinion

poll news in some time. The latest

poll shows the Coalition has jumped

3% in line with a 3% fall by the

Government. Kevin Rudd is still

clearly preferred leader but his

popularity has dropped 3%. 19% of

voters believe Malcolm Turnbull

would make the better Prime Minister.

Schools are tipped to be the big

winners when the Victorian State

budget is unveiled today. The Brumby Government is not holding

back on spending for classrooms.

It's announced $1 billion in

federal state funding for education.

A big budget in terms of education.

A big budget generally in terms of

capital spending. It will be a jobs-building budget. Despite the education cash splash,

it's expected to be Labor's

tightest budget since coming to

power ten years ago.

Another 200,000 Queenslanders could

be out of work within a year.

Premier Anna Bligh says the State's

unemployment rate is expected to

double if the Hughesing industry -- housing industry continues to fall.

The number of jobs advertised in

Queensland last plont plummeted,

down 7%. We've got a significant decline.

April was not a good month.

National figures to be released

later this week are expected to

show 20,000 Australians lost their

jobs, bumping the official jobless

rate to around 5.8%. And it's not

likely to improve. Queensland is bracing for unemployment levels to

double in the next 12 months, past

the forecast 8%. I don't think we

should rule out the possibility

that it might go higher. If it does, 200,000 Queenslanders could be out

of work this time next year.

Union membership has swollen. Fears

of job losses dominated

yesterday's Labour Day march in

Brisbane. 3, 5, 7, 9, pay the

teachers more, it's time!

There's been a record plunge in

house prices across the nation. Prices down almost 7%.

Health officials fear the deadly

swine flu virus could mutate and

return later this year. There are

now more than 1,000 confirmed cases

across 20 countries, including nine

new cases in Britain. The World Health Organisation hasn't ruled

out raising the pandemic alert to

its highest level. If the situation

remains as it is, WHO has no plan

to raise the alert level to 6 at

this moment. But WHO continues to

warn that a pandemic is possible.

Three Australians living in the UK

have tested positive for swine flu.

A fourth Australian has been

placed in quarantine in Hong Kong.

A motorcyclist has suffered

life-threatening jersd when a bike

collided with his car at high

speed overnight. The rider, in his

20s, was travelling on the princes

freeway when he hit a car travelling

in the same direction and lost control. He was airlifted to

hospital in Melbourne in critical

condition and an 18-year-old man

had a lucky escape when his car hit

a power pole in Melbourne's inner

east. We've just heard that traffic

on one of Sydney's major freeways

is calling after a crash this

morning. Two men had to cut from

their van on the F3 two hours ago.

Both have been taken to hospital

with serious injuries. The freeway

is closed at Berowra with major

delays expected for all south bound

traffic. Italian Prime Minister Silvio Berlusconi is demanding an apology

from his wife over claims he flirts

with younger women. Veronica Lario

has filed for divorce after

publicly lashing out at the PM for

attending an 18-year-old girl's

birthday party. 72-year-old

Berlusconi says he doesn't know if

the marriage can survive and he's

not sure he wants it to. They've

been married 19 years and have

three children.

New Zealand rugby league captain

Benji Marshall has assured plans

he'll be fit to play gerns Australia despite suffering a

corked thigh. While the smooth sailing for Australia.

An entire Kangaroos back line made

up of Queenslanders - bad news for

NSW but great news for the Aussies.

New coach Tim Sheens predicting the

side to gel quickly ahead of

Friday's Tees against the Kiwis.

My yob is to get to know them and

point them in the right direction.

There's a few things I'd like to

throw in but I'd be stupid to try

to change things. There's only been

minor changes to the team which

lost last year's World Cup final to

New Zealand but Sheens is playing

town the revenge card. I'm not

going to push the revenge button.

That's the World Cup. It's gone. It

really hurt so, um, you know, we're

back in the jersey now and I'm sure

we'll be keen to sort of turn the tables.

Just the one concern for the

Kangaroos. Their only debutant,

carious Boyd, needs to prove he's over a thigh injury.

There's a few dramas in the Kiwi

camp with Benji Marshall battling a

cork which forced him to watch

from the sidelines at the weekend.

I should be running tomorrow and, um

I'll be sweet for the game, 100%.

Jeremy Smith also needs to prove

his fitness and a question mark

hangs over Isaac Luke, facing a

week's suspension after being charged with striking.

Geelong star Gary Ablett looks set

to miss up to three weeks from the

AFL. He suffered an abductor strain

in Sunday's win over Melbourne. I

didn't know the results of it until

I was coming in and heard on the

radio that there was a report out

saying two or three weeks.

Obviously we'll miss him dearly.

And Hawthorn ruckman Simon Taylor

has been suspended for two matches

for an incident with Carlton's Setanta O'hAilpin.

In the US, Cleveland Cavaliers

superstar LeBron James has been

named the NBA's most valued plairp.

James led Cleveland to a record 66

wins and a top overall seed in the play-offs. He's the first Cavaliers

player to win the award. He

finished second in voting for the defensive player of the year. Good

news. Stocks rallied on Wall Street

as investors welcomed stronger than

expected reports on housing and

construction spending. Here with

the details is Juliana Roadley from

CommSec. Looks like investors agree

that the worst is over. Yes.

They're getting hyped the rally,

Frank. Overnight we saw the banks

leading the charge. This is after

the market guru, war general --

waren Buffet feels the system is

recovering. Great signs. They're

looking at economic data, pending

home sales up 2.3%. Construction

spend something strong. The Obama

stimulus plan is being shown to be

working. A big battle going on for

who has the best handhold phone

between iPhone and Blackberry.

The Dow closed up and the NASDAQ

up as well. I've got a good feeling

today. What about here? I think

we'll have a great day on the

market. We were up 2.9% yesterday

on the delay to the carbon tax plan.

We're looking for another great day.

Base metals could be quiet. The

base metal market closed on the LME yesterday in London.

It is rate day. We think the RBA

will sit on their hands, no change

today, leaving rates at 3%.

Thanks for that.

Briefly in other business news. , a

takeover bid by a Canadian pension

fund for Macquarie communications

has received a tick of approval from Deloitte.

Australian house prices have

recorded their biggest fall in 23

years with no improvement expected

this year. Optus has called a new

contract with ANZ Bank a landmark

in its battle against Telstra.

That's all in finance. The RBA from

there - probably no rate cut this

time around but a good lead from

the global markets. We'll have the

decision about two o'clock this

afternoon? A little bit later on.

Now, let's just push political

correctness aside for a moment. For

those people who follow such things

- Can I borrow those glasses,

please? Ta. Ida Ljungqvist has been

named the 2009 'Playboy' Playmate named the 2009 'Playboy' Playma

of the Year. She's 27, luck she's a bunny because she's no spring chicken.

She's the 50th woman to be given

the title. Ida was working at a

Beverley Hills boutique when she

caught the eye of a previous

Playmate and she was chosen to be Miss March.

Good decision. Good decision. Just

repeating that story now for Frank.

Are we showing it again? No.

Recapping the headlines.

The Prime Minister has blamed the

global financial crisis for the

delay in the trading emissions

scheme. More swine flu cases in the

UK may force the World Health

Organisation to increase its swine

flu warning to maximum. Rescuers

are desperately digging for

survivors after a mudslide in the

Philippines killed 18 people and

swamped a remote village. That's it

for Ten's Early News. We'll see you

again tomorrow morning at 6.00.

Have a I'm Frank Coletta. Have a great day.