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Ten Early News -

View in ParlView

(generated from captions) This program is captioned live.

Good morning. I'm Kath Robinson.

And I'm Frank Colletta. Thank you for joining us.

Our headlines this morning - an

all-night rescue mission frees a

mountain. badly German stuck on a Queensland

count anti-. A badly injured man stuck on a

count anti-.

In sport, what next for Casey

Stoner after he crashes out at the

French Moto GP.

Then in finance, has the bubble

burst? The housing market slows

down as sales slump.

To the weather now:

First this morning, rescue teams

have spent the night on the side of

a mountain in Queensland's south-

east after they went to the aid of

an injured paraglider. The

operation has been hampered by

darkness and the rugged terrain,

but he's just been airlifted to

hospital. Our reporter joins us

live now from the Brisbane newsroom.

And what can you tell us about the

latest development? Well, that's

right. As you said, the man in his

30s has now been airlifted to the 30s has now been airlifted to the

Gold Coast hospital. It's believed Gold Coast hospital. It's believed

he's suffering only back and neck

injuries, which is quite incredible.

What's happened is that he's been

paragliding off a mountain, a cliff

face, and he's become stuck there. face, and he's become stuck there.

In a very precarious position, so

it's taken emergency workers about

four hours to just get him down off

there, so it is amazing that these

are the only injuries that he's

suffered. Here's what emergency

services had to say when they got

him back to the hospital. It was

quite complicated where he was. He

was on a loose rocky shale, and

just supported really by a shrub

holding him up on the side of the holding him up on the side of the

hill. Initially, his friends got to

him and then they helped to direct

a paramedic in there first of all.

And then the SES help today get us

in there. And sadly, police will go

back to the site where another

similar accident happened, this

time north of Townsville A49-year-

old Cairns man has died when he was

doing the same sort of thing -

paragliding this time off one of

the nation's tallest waterfalls. So

he got into trouble and was stuck

on the side of mountain. Because of

bad weather, they haven't been able

to go back and resume his body, so

that will happen today. OK, thank you.

There are signs this morning that

the Government is reconsidering the

finer details of its controversial

mining tax. As the Xin minerals

Council launches a tirade of Council launches a tirade of

vertisements against the

superprofits tax, ministers have

admitted that there may be some

wriggle room.

Australia's richest man has

received a daunting letter from the

Chinese consulate. It said that

Australia's competitive advantage

to China over Brazil, over India,

over all of the massive competitors

that Australia competes against,

that competitive advantage that we

did have is now gone. If China does

dump Australian exports, it means

billions of dollars, and tens of

thousands of Aussie jobs. The

Government says that it is a fear

campaign, but is still signalling

wriggle room the Super Profit Tax.

There will be a profit-based tax in

Australia. The headline rate is

going to be 40%. But the going to be 40%. But the

refinements that can be made to

make the tax more appropriate and

balanced. The Opposition said that

Government has left no breathing

space for concessions because it already spent the already spent the $12 billion on the superannuation shake-up infrastructure spending and tax

cuts, but the Government has fired

back, slamming the Opposition for

opposing the resources tax, saying

it will hurt the biggest supporters

- small business. So it is nonsense

for Martin Ferguson to talk about,

well, we might change it here and

there. They can't. The Government

is telling the Opposition to put up

or shut up. Big on rhetoric, not

much on hard work and substance.

Police have viewed CCTV of a deadly Police have viewed CCTV of a deadly

attack on a grandmother in Sydney's

east. Maria Touma, the mother of a

former NRL player, Joe Thomas, was

walking in Eastlakes when an

argument broke out with a cyclist.

Ms Touma was pushed and cracked her

head on a brick wall. She died

yesterday. A bit distressing for

the family not knowing what

happened. And we're all veryup set

about what's down. Police are yet

to find the cyclist who was riding

a dark coloured mountain bike.

Meantime a teenage girl has been

charged over an alleged hit-and-run charged over an alleged hit-and-run

in north Sydney. The 17-year-old P-

plate driver handed herself into

the Chatswood police station

yesterday. It's alleged she crashed

into the 65-year-old cyclist at

Northbridge and kept driving. The

man suffered head injuries, a

fractured arm and a collapsed lung.

He recritically ill. The teen is

expected to face court next month.

A fresh appeal is being made for a A fresh appeal is being made for a

gunman to turn himself in following

a fatal shooting in Victoria. Peter

Westbrook was shot after opening

his front door at Maryborough to

investigate a disturbance at his

daughter's home next door. Police

have spoken to him on a mobile

phone. If he makes contact and we

can continue contact, then we can

get negotiators to speak to him.

The wanted man is believed to be a

member of the family.

A member of the British Royal

Family says she's devastated after

being caught in a tabloid sting.

Sarah Ferguson, who is the Duchess

of York, was filmed by a British

newspaper offering to sell access

to her ex-husband, Prince Andrew,

for ?500,000.

It is another embarrassment for

Sarah Ferguson, caught on camera

during an undercover sting, she Sarah Ferguson, caught on camera during an undercover sting,

appears to accept the offer of

?500,000 from a wealthy businessman

in return for access of her former

husband. ?500,000 when you can, to

me, open the doors. Prince Andrew?

Yeah. Is that a deal? Yeah. The

reporter posing as the businessman

then appears to give the Duchess

?40,000 in cash as a deposit for

the deal before making arrangements.

If we want to do a big deal with

Andrew. Of course. So ?500,000.

Yeah, but in wire transfer. The

Duke and Dutch else of York

divorced in 1996 but have remained

close friends, with the Duchess close friends, with the Duchess

even claiming that she and her even claiming that she and her

husband are the happiest divorced

couple in the world. But today's couple in the world. But today's

disclosure is unlikely to bring

much happiness to the Royal Family.

Raise raise I think this is very

bad for Sarah Ferguson, personally.

Raise raise but the truth is that

it is worse for the monarchy, for

Prince Andrew and it seriously jeopardises British trade. jeopardises British trade. Prince Andrew and it seriously

There's no suggestion that Prince

Andrew knew that this was going on,

but there's little doubt that it

could put a strain on the

relationship between the two.

Sport now and St Kilda have put

their season back on track after

defeating West Coast by 35 points

yesterday. The Eagles were

competitive for the first half with

Ben McKinley kicking four goals.

But the Saints put in an But the Saints put in an

inspirational third term to turn

the game on their head. In another

f other games, Hawthorn upstaged

Carlton by 50 points. While

Adelaide recorded their second win

of the season. Brisbane have now of the season. Brisbane have now

lost their last five.

To rugby league and the top of the

table St George Illawarra Dragons

have been rolled by the Canberra

Raiders. Canberra's young back line Raiders. Canberra's young back line

ran riot in the second half with three

three tries in six minutes to help

the Raiders to a 22-14 victory. the Raiders to a 22-14 victory.

COMMENTATOR: Three tries in a row!

The Warriors stood firm to defeat

South Sydney 26-24 in their match

at Mount Smart Stadium.

It was another horror weekend for

Casey Stoner at the French MotoGP.

The Aussie's world title tilt

slipped further out of reach after

he crashed out on lap three. Stoner

is out of the race for pole is out of the race for pole

position. Another crash for the

Australian. It was tough to swallow

for Stoner, who was fastest in the

morning warm-up. There were no

issues for Jorge Lorenzo. He

powered home before Valentino Rossi.

This time, instead of celebrating

with a swim, the Spaniard chose to

eat popcorn and watch his big win

on the big screen.

An Australian free tile Moto cross

rider has pulled off a dangerous

front flip in Cairns. Performing as

part of the Crusty Demons tour,

Jackson Strong became the first

person to land the death-defying

manoeuvre over such a long distance,

and it left welcome back owe Jacko

pumped. -- welcome back owe Jacko

pumped. That's --

pumped. That's -- wacko jacko there.

The 19-year-old from Wagga Wagga in

NSW wowed the crowd and put himself

in the record books with that flip.

Someone else who is set to wow the

crowd is fabulous Frank, and maybe

a sigh of relief for those

struggling to buy a house. They

weren't living off adrenaline this

week. There are signs that

Australia's housing boom could be

coming to an end. The full effect

of the six rate rises since last

October have filtered through to

the housing market. Auction

clearance rates during the weekend

were significantly down in both

Melbourne and Brisbane. Sydney and

Adelaide showed only modest gains.

Now, that's a far cry from the

strong rates of disposal through

March and April. The real estate

institute says that the hands brake

has been pulled up all so very suddenly.

The local share market is expected

to rebound this morning thanks to

the weekend stablisation of

offshore investment. Investors fell

through a confidence crisis. The

ASX and the dollar saw large falls

leading to the worst week since the

height of the global financial

crisis. But Friday afternoon

brought recovery and analysts

expect a positive day on the back

of Wall Street's bounce.

And American stocks looked at the

three-day losing streak as

investors bought shares. The Dow

Jones in the end added just over 1%,

but shedded more than 10% from the

April 23 high. The NASDAQ was up 25

points. Britain's leading share

index fell for a third straight day.

It actually dipped below 5,000 for

a short time. There were falls elsewhere across Europe:

Business in brief for you, and

mining giant BHP has hit back at

Government claims that it only pays

an effective tax rate of 13%.

Employers are preparing for

disruption to payrolls from July

when 4,000 State and Federal awards

are streamlined into just 122.

ANZ is looking at spending as much

as $5 billion acquiring strategic

stakes in banks in South Korea and Indonesia.

A few showers about looking at the

weather details today, particularly

on the east coast.

Raise Checking today's newspaper headlines now.

The 'Courier-Mail' says that tens

of millions of dollars of

Australia's foreign aid program are

being wasted on huge salaries or

consulants and rich contracts for private firms.

The 'Sydney Morning Herald' looks

at allegation that is officials

from a banknote company, half owned

by the Reserve Bank, offered bribes

and prostitutes to colleagues at a

foreign Central Bank.

And the 'Herald Sun' reports

teenagers being held in detention

in Victoria are being shown real

life crime shows on TV and playing

violent realistic video games.

We're about to take a break. But

when we return, we have a story to

send a chill down your spine.

You'll certainly never complain

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This program is captioned live. Welcome back.

Rescue teams have spent the night

on the side of a mountain in Queensland's south-east after they

went to the aid of an injured

paraglider. They were call today

Sugarloaf Mountain west of Brisbane

last night to rescue a 21-year-old

man who had suffered back, neck and shoulder injuries. A helicopter was

sent, but the rugged terrain and

darkness forced rescuers to carry

him out. The accident follows the

death early yesterday of a man in

similar circumstances near Ingham

in the State's north.

The row between Australia's mining

industry and the Government over

the tax plan has stepped up a notch

with the launch this morning of a

radio advertising blitz. The

Minerals Council of Australia is

using the ads to fight the tax on

super profits. The Government says

it won't budge on the plans, but

has now admitted that there may be

some wiggle room on the finer details.

Another two people are being tested

for the hendra virus in Queensland.

11 people face an anxious wait

after being tested at the weekend

to see if they have contracted the

deadly virus. Six of the group have

already recorded negative test

results, but experts say that tests

were taken too early to tell. It

comes after a horse on the Sunshine

Coast was found to have contracted

the virus.

19 people have been killed and more

than 70 injured after a passenger

train was hit by a landslide in

China. The train, bound for the

tourist destination derailed.

Rescuers pulled the dead and

injured from the rubble. Ongoing

bad weather is fuelling fears of more landslides.

And 32 people died when a truck and

bus collided on a highway in China.

The truck was travelling on the

wrong side of the road when it

employeeed head-on into the bus and

burst into flames.

The black box has been recovered

from the wreckage of the Air India

plane crash which killed 158 people.

Mourning relatives are beginning

the heart breaking task of bringing

home the bodys. Authorities are yet

to determine why the plane overshot

the runway. Air India bosses say

that the two pilots were well

rested before the flight from Dubai to Mangalore.

The Australian embassy in Bangkok

will reopen today but travellers

are being advised to stay away. The

embassy has been closed for a week

following the violent end to the

Red Shirts protest. The Thai Prime

Minister says that the country is

returning to normal, but

Australia's Department of Foreign

Affairs says that the city remains

unsafe and should be avoided.

Thousands of British Airways cabin

crew are set to go on strike this morning after talks between

management and union officials

broke down. Negotiations were

halted when protesters stormed the

building where they were being held.

Now, time has run out to broker a

deal before the strike deadline. deal before the strike deadline.

BA's cabin crew plan 15 days of

action over jobs, pay and working

conditions. Qantas says that it may

impact on its code share flights

with BA and its website has the latest information.

Rest assured, the BA crew aren't

handing out the peanuts onboard the

'Atlantis' space shuttle. It spent

more than a week docked more than a week docked at the

International Space Station. The

crew dropped off valuable supplies

and worked on expanding the ISS.

The six astronauts also spent some

valuable bonding time with their

station colleagues. It's the final

voyage for 'Atlantis' which has

thrown 31 missions.

If you think your backyard pool is

a bit chilly to swim in right now, then you're no

then you're no match for the man

dubbed the human polar bear. Lewis

Pugh has just swum across a glacial

lake in nothing more than his budgie smugglers.

High in the Himalayas, the water is

icy cold. The lake is 17,500 metres

below the summit of Everest, and

after just a few strokes, Lewis

Pugh's breathing is laboured. The

swim is by far the hardest swim

I've undertaken, because I had to

balance. If I go too fast, then I

can't breathe and there's a

possibility of even drowning in a

place like this. And if I go too

slow, I get extremely cold with

hypothermia. This lake, like many

others across Nepal, has been

swolen by water from the melting

glacier. On his mission to raise

awareness of global warming, he

must survive 22 minutes in freezing

conditions to swim one kilometre conditions to swim one kilometre

across it. Most people would be

dead in 20 minutes and I expect a

lot sooner than that. Lewis is a

fully trained professional swimmer.

As he crosses the finish line, he

is exhausted. His skin red raw from

the cold. Afterwards, he's taken

straight to a heated tent. Only

when his medical team are satisfied

that he's out of danger is he able

to accept scarves from his team in

honour of the achievement.

Socceroos coach Pim Verbeek has

confirmed Mark Schwarzer will not

be lining up against New Zealand at

the MCG tonight. England-based the MCG tonight. England-based

goalkeeper Adam Federici is set to

make his international debut after

Scwarzer was ruled out with a hand injury.

Striker Richard Garcia and defender

Reese Williams and Scott Reese Williams and Scott

Chipperfield have also been ruled out.

To rugby league, and Queensland

Maroons centre Greg Inglis was

involved in a head clash with team-

mate Willie Tonga yesterday forcing

Inglis from the training paddock.

The extent of damage has not yet

been determined. Meantime, Matt

Ballinis coming to terms with his

call-up for Origin I after Cameron

Smith was ruled out. Obviously very

excited. Disappointed for Smithy, excited. Disappointed for Smithy,

but really excited to get my chance. but really excited to get my chance.

I can't wait. Ballinalso received

an endorsement from an unlikely

source, with NSW hooker Krisnan Inu

saying that his counterpart --

Michael Innes, saying that his

counterpart will rise.

And good news for Jo-Wilfried

Tsonga. He was pushed to five sets

before eventually prevailing in the

fifth after three hours and 43

minutes. Venus Williams made much

lighter work of Pattie Schneider.

Aussies Samantha Stosur and Peter

Luczak will be on court later tonight.

To sport in brief now:

Well, things are looking much

brighter on the markets this

morning. With analysts predicting a

positive day ahead. Let's join

Richard English at Macquarie

Private Wealth. Friday's strong

rebound expected to continue after

Friday's recovery? Ably so. And

really, we think that the

performance of the markets last

week was not refrebgting the

underlying strength of the --

reflecting the underlying strength

of the global economy. That's not

to say that the days of market

volatility are behind us, plainly

it is not. But some of the market's

response last week was possibly a

little overdone. From our

perspective, really, I'm not for a

moment saying that the ongoing

volatility has passed, but perhaps

we're recognising the fact and

investors are recognising the fact

that value is still in the market.

They did return on Friday, both

here and abroad. And as you rightly

say, we think we'll have a little

bit more of that at the start of

this week. The controversial mining

tax is still dampening enthusiasm

for resource stocks, at least until

it is resolved? Absolutely so. It

was banking stocks, not mining

stocks that pushed the market

higher at the close on Friday. And

there still remains uncertainty

over the propoemsed Super Profit over the propoemsed Super Profit

Tax. The Government saying that it welcomes Government rementations

and the Treasurer himself saying

that he will respond generously to

the representations. So this is

going to be a very interesting

debate to follow and one that we

certainly think will be talked

about for some time to come.

Thank you very much.

Well, there's a few showers about

today, particularly on the east coast.

Still ahead, which Royal has been

caught out in a tabloid sting?

?500,000 for access to her ex-

husband. More details on the Royal

row when Ten's Early News returns.

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This program is captioned live.

The headlines from Ten News.

The war against the controversial

mining tax as miners dig their

heels in.

An all-night rescue mission frees a

badly injured man stuck on a Queensland mountain.

In sport this morning, what next

for Aussie Casey Stoner after he

crashes out of the French MotoGP.

Then in finance, has the bubble

burst? The housing market cools off as sales slump.

But first this morning, the

Government has let slip there that

there may be wiggle room on the

profit threshold in which companies

pay a superprofits tax. For more,

we're joined live by our reporter in Canberra. The Government has

been firm on this all the way through since it through since it has been announced.

What exactly could it tweak? Where

is the wriggle room coming in?

According to mining companies,

they're really hoping that the 6%

profit threshold after which this

mining tax or the superprofits tax

will apply will move up to 10%. But

one thing that the Government does

remain fairly firm on is that the

rate at which this profit will be

taxed will stay at 40%.

taxed will stay at 40%. Now,

Treasure e officials have been

meeting with mining companies

pretty much ever since the tax was

announced to talk about the finer

details of this tax. Now, their

report is due to be handed to the

Government on Friday and they say

that no decision will be made until

that report is handed in. Let's

have a listen to what Martin

Ferguson had to say. Also been

engaged in detailed consultations engaged in detailed consultations

with individual company and we will

consider the outcome of the

discussions. There will be a

profit-based tax in Australia. The

headline rate is going to be 40%.

But the requirement that is can be

made to made the tax more

appropriate and balanced. There are

also reports that a 40% tax write-

off for failed mining exploration

projects may also be ditched.

Now, we've seen the PM struggling

in the polls of late, but he's been

given some interesting tips about

how to increase his popularity? Yes.

It's unlikely how seriously the

Prime Minister is going to be

taking this. But according to a

recent Galaxy poll published in a

men's magazine, the Prime Minister

really needs to be swearing more

and visiting more strip clubs to bolster

bolster his popularity. Now, as

mentioned, it was published in a

men's magazine, but it revealed

that respondants thought that he

should take a page out of Tony

Abbott's book and compete in an

iron comaentigs, but perhaps he

should be leaving the -- ironman

competition, but perhaps he should

be leaving the budgie smugglers there.

Rescue team have spent the night on

the side of a mountain in

Queensland's south-east after they went to

went to the aid of an injured

paraglider. The operation has been

hampered by darkness and the rugged

terrain, but he's just been airlift

today hospital. Our reporter joins

us live from our Brisbane newsroom.

What's the latest on this? Well,

that man in his 20s is now

recovering in a Gold Coast hospital.

And incredibly, he anticipates only

suffering neck and back injuries. Now, the

Now, the man was paragliding off

Sugarloaf Mountain, and he came

into trouble and got stuck on the

side of the mountain. It was a

really precarious situation he was

in and it took emergency workers

about four hours to remove him from

the side of the mountain, so it is

quite incredible that that's all he

suffered. Here's what the emergency

services had to say. It was quite

complicated where he was. He was on

a loose and rocky shale and just

supported really by a sh rub

holding him up on the side of the

hill. Initially, his friends got to

him and then they help today direct

a paramedic in there first of all.

And then the SES help today get us

in there. And sadly, emergency will

today recover the body of a man who

was in a similar situation this

time north of Townsville. The 49-

year-old Cairns man came into

trouble. He was base jumping off

one of Australia's tallest

waterfalls north of Townsville. He

came to the same fate. Was stuck on

the side of the mountain and it

took them many hours to get him

down. And he still haven't managed

to do that because of bad weather

so, that will be the job for today

- recovering his body. OK, thank

you. The hunt is on this morning

for a man who sexually assaulted a

woman out jogging on the Gold Coast.

The woman was exercising on Gooding

Driefbl at Merrimac around 7pm last

night when a man grabbed her. He

pulled her into nearby long grass

and attacked her. The man fled when

a taxi pulled up alongside the pair.

Police believe he escaped in a four-wheel drive. Police

Police have viewed CCTV of a deadly

attack on a grandmother in Sydney's

east. Maria Touma, the mother of

former NRL player Joe Thomas, was

walking along a footpath in

Eastlakes. Ms Touma was pushed and

cracked her head on a brick wall.

She died yesterday. Especially for

the family, not knowing what

happened and we're all very upset

about what's gone down. Police have

yet to find the cyclist who was

riding a dark-coloured mountain bike.

Meantime, a teenage girl has now

been charged over an alleged hit-

and-run in the north of Sydney. The

17-year-old P-plate driver handed

herself into Chatswood police

station late yesterday. It's

alleged that she crashed into the

65-year-old cyclist on eastern

valley way at Northbridge and kept

driving. Pt man suffered head

injuries, a fractured arm and a

collapsed lung. The Forestville

teen is expected to face court next

month.

A fresh appeal has been made for a

gunman to turn himself into

following a fatal shooting in

Victoria. Peter Westbrook was shot

after opening his front door at

Maryborough to investigate a

disturbance at his daughter's home

next door. The gunman is still on

the run, but police have spoken to

him on a mobile phone. If he makes

contact, then we can continue

contact and get negotiators to

speak to him. The wanted man is

believed to be a member of the family.

And a member of the British Royal

Family says she's devastated after

being caught in a tabloid sting.

Sarah Ferguson, who is the Duchess

of York, was filmed by a British

newspaper offering to sell access

to her ex-husband, Prince Andrew, for ?500,000.

It is another embarrassment for Sarah

It is another embarrassment for

Sarah Ferguson, caught on camera

during an undercover sting, she

appears to accept the offer of

?500,000 from a wealthy businessman

in return for access to her former

in return for access to her former hulls. -- former husband.

The reporter posing as the

businessman then appears to give

the Duchess ?40,000 in cash before securing the deal.

The Duke and Duchess of York

divorced in 1996 but have remained

close friends, with the Duchess

even claiming she and her former

husband are the happiest divorced

couple in the world. But today's

disclosure is unlikely to bring

much happiness to the Royal Family.

I think this is very bad for Sarah Ferguson personally, but the truth

is that it is worse for the

monarchy, for Prince Andrew, and it

is seriously jeopardising British

trade. There's no suggestion that

Prince Andrew knew that the meeting

was going on. But there's little

doubt that the contents could very

well put a strain on the

relationship between the two.

St Kilda have put their season back

on track after defeating West Coast

by 35 points yesterday. The Eagles

were competitive for the first half, with

with Ben McKinley kicking four

goals. But the Saints put in an

inspirational third term to put the

game on its head. In other games,

Hawthorn upstaged Carlton by a

whopping 50 points, while Adelaide

recorded their second win of the

season. Brisbane have now lost

their last five games.

To rugby league, and the top of the

table St George Illawarra Dragons

have been rolled by the Canberra

Raiders. Canberra's young backline

ran riot in the second half with

three tries in six minutes to help

the Raiders to a 22-14 victory.

The Warriors stood firm to defeat

South Sydney 26-24 in the match at

Mount Smart Stadium.

Casey Stoner's world title campaign

is in tatters after the Aussie

crashed out at the French MotoGP.

He wasn't the only one to come to

grief. Another was taken out by a

stray bike in the support class.

While Stoner lost the back end on

Lap 3. It was tough to swallow for

Stoner who suffered his second

crash in three starts. Championship

leader Jorge Lorenzo won the rails

ahead of Valentino Rossi. And this

time, instead of celebrating with a

swim, the Spaniard chose to eat

popcorn and watch his big win on

the big screen. And why not!

An Australian freestyle moat owe cross rider

cross rider has pulled off an in--

motocross rider has pulled off an

incredible stunt in Cairns. Jackson

Strong became the first person to

land the death-defying manoeuvre

over such a long distance and it

left him pumped. You've got to step

it up. That's what I live for. I

love the buzz of being scared and

then just going for it. You then just going for it. You know, I

live off adrenaline. The 19-year-

old from Wagga Wagga in NSW wowed

the crowd and put himself in the

record books with that flip.

Well, Frank is back now with the

latest in finance and we could be

dropping a few rungs on the housing ladder.

It was a matter of time. There are signs today that Australia's

housing boom could be coming to an

end. The full effect of the six

rate rises since last October have

filtered through to the housing

market. Auction clearance rates

during the weekend down

significantly in both Melbourne and

Brisbane. Sydney and Adelaide

showed only modest gains and that

is a far cry from the strong rates

of disposal through March and April.

The real estate institute says that

the hand brake has been pulled up

very suddenly.

The local share market is expected

to Republic bound this morning

thanks to the weekend's

stabilisation of off-- rebound this

morning thanks to the weekend's

stabilisation of offshore

investments. The ASX and the dollar

saw large falls leading to the

worst week since the height of the

global financial crisis. But Friday

afternoon brought some recovery,

and anal ilss expect a positive day and anal ilss expect a positive day

off the -- analysts expect a positive day.

American stocks snapped a three-day

losing streak as investors bought losing streak as investors bought shares.

Today as whrf -- today's weather

details now:

We've plenty still to come on Ten

News. Cluling the contest that's

bark -- including the contest

that's barking bad. We'll tell you

all about the dog surfing

competition after the break. It's

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Grb The row between Australia's

mining industry and the Government

over the tax plan has stepped up a

notch this morning with the launch

of a radio advertising blitz. The

Minerals Oun of Australia is using

the ads -- Council of Australia is

using the ads to look at the super

profits. The industry says it won't

budge on the plans but has now

admitted there may be wiggle room

on the finer details.

Rescue teams have spent the night

on the side of a mountain in

Queensland's south-east after they

went to the aid of an injured

paraglider. They were called to

Sugarloaf Mountain west of Brisbane

last night to rescue a 21-year-old

man who had suffered serious man who had suffered serious

injuries. A helicopter was sent but

the rugged terrain and darkness

forced rescuers to carry him out.

The accident follows the death

earlier yesterday of a man in

similar circumstances in Ingham in

the State's north.

The way taichers across Australia The way taichers across Australia

are graded -- teachers across

Australia are graded has been given

an F hr failure in a new report. An

independent think tank says that

the marking system needs a radical

overhaul. It found that good

teachers aren't rewarded and bad

ones not pennalised which is

impacting on education. The

Government says at that it is developing new national standards

for teachers and is commit today a better system.

Another two people are being tested

for the hendra virus in Queensland.

11 people face an anxious wait

after being tested at the weekend

to see if they have contracted the

virus. Six of the group have

already recorded negative test

results, but experts say that the

tests were taken too early to tell.

It comes after a horse on the

Sunshine Coast was found to have

contracted the virus.

The Australian Embassy in Bangkok

will reopen today, but travellers

are still being advised to stay

away. The bassy has been closed for

a week following the violent end to

the Red Shirts protest. The Thai

Prime Minister says that Bangkok is

now returning to normal, but

Australia's Department of Foreign

Affairs says that the city remains

unsafe and should be avoided.

The black box has been recovered

from the wreckage of the Air India

plane crash in which 158 people

were killed. Mourning relatives are

beginning the heart breaking task

of bringing homebodys. Authorities

are yet to determine why the plane

overshot the runway. -- of bring

home bodies.

Thousands of British Airways cabin Thousands of British Airways cabin

crew are set to go on strike this

morning after talks between

management and union officials

broke down. Negotiations were

halted when protesters stormed the

building were they were being held.

Now, time has run out to broker a Now, time has run out to broker a

deal before the strike deadline.

BA's cabin crew planned 15 days of

action over jobs, pay and working

conditions. Qantas says it may

impact on the code share flights

with BA and its website has the

latest information.

If you think your backyard pool is

a bit chilly to swim in right now,

then you're no match for the man

dubbed the human polar bear. Lewis

Pugh has just swum across a glacial

lake in nothing more than his budgie smugglers.

High in the Himalayas, the water is

icy cold. The lake is 17,500 meet

below the summit of Everest, and

after just a few strokes, Lewis

Pugh's breathing is laboured. The

swim is by hard the hardest swim

I've ever -- by far the hardest

swim I've undertaken. I have to swim I've undertaken. I have to

balance. If I go too fast, I can't

breathe and there's the possibility

drowning in a place like this. And

if I go too cold, there is the

possibility of hypothermia. This

lake, like many others in Nepal,

has been swollen by water in the

melting glaciers above. In the

mission to raise awareness about

global warming, he must survive 22

minutes in freezing conditions to

swim one kilometre across it. Most

people would be dead in 20 minutes,

and I expect a lot sooner than that.

Lewis is a fuelly trained

professional swimmer -- fully

trained professional swimmer. As he

crosses the line, his skin is red

raw from the cold. Afterwards, he's

taken straight to a heated tent.

Only when the team are satisfied

that he's out of danger is he able

to accept scarves in honour of the achievement.

And a surfing competition has made

waves in the United States. Humans

were left watching on the beach has

dogs took to the water. Most of the

competitors needed some help

getting on to the surf boards, but

some took to the challenge like

bucks to water. While there were a

few wipe-outs, others caught some

pretty impressive waves. The

competition raised funds for San

Diego police canine unit.

Socceroos coach Pim Verbeek has

confirmed Mark Schwarzer will not

be lining up against New Zealand at

the MCG tonight. England-based

goalkeeper Adam Federici is set to

make his international debut after

Mark Schwarzer was ruled out with

an injury.

It takes a few days. Midfielder

Richard Garcia and defenders Reese

Williams and Scott Chipperfield

have also been ruled out.

To rugby league, and Queensland

Maroons centre Greg Inglis has

involved in a head clash with team-

mate Willie Tonga yesterday forcing

Inglis from the training paddock.

The extent of the imagine has not

been determined. Meantime, Matt

Ballin is coming to terms with his

call-up after Cameron Smith was

ruled out. Very excited. Obviously

disappointed for Smithy, but very

excited to get my chance. I can't

wait. Ballin also

To sport in brief now:

Things are looking much brighter on

the markets this morning. With

analysts predicting a positive day analysts predicting a positive day ahead. Let's join Richard English at Macquarie Private Wealth.

Friday's strong rebound is expected

to continue off the back of Wall

Street's recovery? And absolutely

so. We think that the market's

performance for much of last week

did not reflect the underlying

strength of the global economic

recovery. We remain in the

conviction that the fundamentals

for global growth remain intact.

We're not saying that that is the

end of market volume tillivity, but

we are saying that perhaps the

market's reaction during the course

of last week was possibly overdone.

Investors seem to agree that taking

buying opportunities having found

unexpected value and we think we'll

see more of that at the start of

this week.

We've just heard about the ads

taken out by the mining industry so,

it is still dampening enthusiasm

for resource stocks, I suppose at

least until it is resolved. Really

it was banking stocks that drove

the market higher at the close on

Friday. Not the mining stocks. That

uncertainty still remains around

the superprofits tax. The

Government most recently saying

that it welcomes mining company

representation and the Treasurer

himself saying that he will respond generously to the representation.

So it will be a very interesting

debate to follow, and certain lip

one that I think we'll be talking

about for some time to come.

Thank you.

Now to business in brief now:

And, Kath, that's all in finance.

Now, fingers crossed for your

sister, Sam, that the Sydney

forecast will be a good one for her birthday.

Nothing that the champagne and

chocolates can't fix. But I think

it will be raining in Sydney!

Recapping the main story this is

morning. Rescuers worked through

the night to pluck an injured

paraglider from a mountain top in

Queensland. He's been taken to hospital.

Miners fight back against the

controversial tax targeting the

industry with a series of radio

advertisements being launched today.

And Sarah Ferguson says she's

devastated after being filmed by a

British newspaper offering to sell

access to her ex-husband, Prince

Andrew, for ?500,000. Well, that is

it for the news. The next update is

the Morning News at 9am. And you

can get the first 15 minutes of the

news right now. Bye for now. Join

us again tomorrow at 6:00. Have a great day.

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