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Ten Early News -

View in ParlView

(generated from captions) This program is captioned live.

Good morning. I'm Kathryn Robinson.

And I'm Frank Coletta. Welcome to

Ten's Early News.

Making headline today - China

rocked by a deadly grenade attack

as concerns grow over the Beijing

Games. smog just days out from the Olympic

Games.

Medical emergency - the politician

at the centre of the Sam Newman

sex-slur scandal rushed to hospital.

Then in sport - an Olympic dream

over - Hockeyroo Fiona Johnson

ruled out of the Beijing Games.

In finance - oil drops below

three months. $US$1.20 for the first time in $US$1.20 for the first time in

Home buyers unlikely to get a reprieve today from the Reserve Bank.

First this morning - China is on

high alert after another terror

attack just days out from the

Olympic opening ceremony. 16

policemen were killed when two men

drove a truck into a group of

officers and hurled homemade

grenades. The same men then

attacked the border-patrol officers

with knives. Another 16 officers

were injured. The two men have

been arrested. It's the latest in a

country. string of attacks across the

Meantime, Chinese authorities are

desperately hoping a thick layer

of smog over Beijing will clear

before Friday's opening ceremony. before Friday's opening ceremony.

Australian Olympic team bosses are

trying to make sure it doesn't stop

potential. athletes performing to their athletes performing to their

In less than 100 hours, the world's

attention will focus on this

stadium. But what will they see? A sparkling

sparkling centrepiece, or a grand

arena shrouded in pollution? Aussie

athletes have been training in this athletes have been training in this atmosphere, like the beach

volleyballers, who say it won't

affect their performance, but it is

affecting their health. Now it's

stpreeling a bit thicker and having

to clear our throat a bit. But

playing in it was fine. Vape

forecast for tomorrow, or Thursday. forecast for tomorrow, or Thur

It's hoped that might cleanse the

skies and clear in time for

Friday's opening spectacular.

Meanwhile, Australia's highest gold-medal-winning man has landed

in Beijing. Welcome to Beijing,

Thorpey! Not much to say, but

plenty on his mind. He will sue a

French newspaper over doping

allegations. I'm past being angry

about it. You know, it's hurtful.

You know, it's the closest that I

can put it in one word. It doesn't

make me angry, I just feel hurt. He

says some fault lies in the system.

At the moment, because when someone

does something that's extraordinary,

the response is, "Are they taking

something?" That means we don't

have a good-enough system. The case

year. should go before the courts next

A bogus Olympic ticketing website

has finally been shut down. The

elaborate online con has scammed

millions of dollars through phony

ticket sales, even to athletes'

families. More than 30 Australian

sports fans are believed to be

caught out, and they're unlikely to

be compensated. The Australian

Olympic Committee says it's unable to provide replacement tickets.

To other news now - the politician

at the centre of the Sam Newman

sex-slur controversy has been

rushed to hospital after a medical

emergency. Paula Wriedt, Tasmania's

tourism and economic development tourism and economic development

minister, is being treated in

Hobart. To perform her duties as a

minister. She needs to focus on

getting well with the support of

her family and friends. The mother

of two appeared on Nine's 'Footy

Show' last week to campaign for an

AFL Tasmanian team when Newman made AFL Tasmanian team when Newman made

a suggestive comment. It's believed problems. Wreidt has experienced marital

State Liberal leaders are demanding

their Federal counterparts sort out their Federal counterparts sort out

the latest leadership drama or risk

hurting the party's chances at the

upcoming elections. Brendan Nelson

has dug in his heels over the

continued leadership speculation,

while Peter Costello is refusing to clarify whether he will

challenge for the top job. Dr challenge for the top job. Dr

Nelson says he can survive the

turmoil. I am very determined and

I am very tough and I will lead us

to the next election. The

Opposition Leader says the former

Treasurer deserves time to consider his future. Treasurer deserves time to consider

An inquest has heard three sailors

who vanished without a trace off

the ghost ship 'Kaz Two' may have

been involved in a scuffle. The

coroner has been asked to

investigation veing the possibility

of an on board knife fight.

The families of Des Batten and The families of Des Batten and

Peter and Jim Tunstead have been

searching for answers for more than

year year. The three men simply

vanished out to sea 160km off

Townsville in April, 2007. Their

wives made a difficult visit to the

'Kaz Two', berthed in a dry dock. I just want to find some answers.

just want to find some answers. On

the first day of an inquest into

their disappearance, grieving

family told the state coroner to family told the state coroner to

investigate if the trio had been

involved in a scuffle. Possibly an

on board knife attack. Hopefully

some sort of closure, you know, I some sort of closure, you know, I

US for the family, you know, for

the three wives. One wife questioned whether the

investigation into the case went

far enough, after police failed to

continues. check for fingerprints. The inquest

Actor Morgan Freeman has been

seriously injured in a car

accident. Freeman was behind the

wheel when his car left the road

and landed in a ditch not far from

his Mississippi home. It's believed

the 71-year-old may have suffered

arm, shoulder and rib injuries.

The Academy Award-winning actor is

recovering in a Memphis hospital

and is recover -- reportedly

staff. sitting up in bed and talking to

A tarnoidy has swept through the staff.

north of France, killing three

people and destroying 40 homes

within minutes. Residents compared

bomb the roar of the freak storm to a

bomb going off. Buildings were

gutted, cars hurled into the air,

and the small town left a complete

wreck. The wild winds and heavy

services. rain also cut power and rail

Despair

for injured Hockeyroo Fiona

Johnson as she comes to terms with

the fact her Olympic dream is over.

The 25-year-old has been ruled out

with a hamstring tear before even

pulling on the green and gold. Fiona Johnson's Olympic campaign

was over before it started. A grade-two

grade-two tear in the left grade-two tear in the left

hamstring denying her the chance of

an Olympic debut. Very disappointed.

I guess there's probably nods not

words to describe it. I probably

moment. can't describe it myself at the

moment. 23-year-old Shelley Littlo

will get her chance to debut. I

spoke to my family, which is always

tough. They're great. I guess they tough. They're great. I guess they

kind of knew. While one Australian

has unfortunately succumbed, Cadel has unfortunately succumbed, Cadel

Evans has been declared skpit if it

and ready to ride on the men's road

race on Day 1 of the Games. He's

due to arrive this morn. If his due to arrive this morn. If his

knee stands up to the road race, it

will then be assessed to see if he

can take part in that time trial, can take part in that time trial,

where the Australians have a wild

card. The AOC think the percentages

are very good for Cadel.

Former West Coast captain Ben

Cousins has stepped up his quest

for an AFL comeback. Cousins last for an AFL comeback. Cousins last

night had his first training run

with WAFL club Perth. He indicated

that he would like to see how this

month or so goes with his training,

and what it can do for him and how

his body is holding up, having had

12 months out, and gives himself

12 months out, and gives himself

that opportunity to see too assess

where he's at. Cousins was sacked

by the Eagles last year after a

battle with drug addiction.

On the back of a convincing 32-12

win over Pratta, Newcastle barge win over Pratta, Newcastle barge

under to the NRL top eight, with

just five regular -season rounds to

play. The match marred by a

first-minute pitch invasion. The Knights all but guaranteeing

victory, racking up four tries to

one in the opening half. There's

absolutely no prize whatsoever for

being in the eight after 21 rounds.

The Eels' night made worse with the

loss of Luke Burt to a suspected rib-cartilage injury.

Finance now with Frank. The Reserve Finance now with Frank. The Reserve

Bank meets today. What's expected?

We'll tell you, Kath. I can tell

you relief isn't expected just yet.

The RBA will meet in Sydney this

morning but is expected to keep

rates on hold at 7.25% for a fifth

straight month. Analysts say a cut today cannot be ruled out

altogether after a rush of bad

economic news. Most are tipping the

central bank won't move on rates

until next month at the earliest,

but there could be two cuts this

year. And the RBA's announcement

this afternoon should give a this afternoon should give a

clearer indication of future reductions.

And record-high interest rates have

seen national home prices fall for

the first time in three years, down

0.3% in the June quarter. Perth was

the worst-hit area. Falls were more

modest than expect, and some

analysts say a rate cut could

reignite the housing boom. And in

signs of a slowdown in the labour

market, job vacancys have also

dropped 0.3% in June, the annual

growth rate down to 5.5%.

Asciano has rejected a $2.9 billion

takeover bid from a private

consortium led by Texas Pacific

Group. The embattled ports and rail

operator claims the unsolicited

offer of $4.4 per share

undervalueds the business. It rose

to close at $4.83.

The falling price of oil has eased concerns about inflation, and the

impact of higher fuel costs on

consumer spending in the US. American shoppers hit with the

biggest increase, though, in prices

in almost three decades

Taking a look now at today's front

pages - the 'Daily Telegraph'

reports that pollution has soared

in Beijing to levels equivalent to

a bushfire. The 'Financial Review' says

Canberra's wide-ranging tax review

may funnel state-imposed mining

royalties to a single Federal fund. 'The

'The Advertiser' says the people of

Adelaide are celebrating 15mm of

rain received that fell across the city city yesterday.

Here's an interesting one - what

types of music are linked to mental

illness? We'll have the details on

that study when the Early News returns.

This program is captioned live.

You're watching Ten's Early News.

Making headlines today - China on

high alert after a deadly grenade

attack as Beijing's smog sparks

fears about our athletes' health.

The politician at the centre of the

Sam Newman sex-slur controversy

rushed to hospital after a medical emergency.

In finance - the Reserve Bank meets

today, but no relief is expect, as

the interest-rate squeeze sends

home prices falling.

But first this morning - Chinese

security is on high alert after

another terror attack that killed

16 police officers. The Government

will increase troop levels around

the venues as world leaders arrive for the opening ceremony.

With just four days to go before

the start of the Olympics, the

fanfare is building in China.

But that enthusiasm was shattered

this morning on the far side of the country near the Afghanistan border,

where two men attacked a group of policemen. The suspects rammed a

truck into the men, then tossed

hand grenades, celling at least 16.

Security forces across the nation

were immediately put on high alert.

Chinese officials scrambled to

ensure athletes and spectators at

the Games will be safe. President the Games will be safe. President

Bush is about to leave Washington

to attend the opening ceremonies

and security will be tight wherever

he goes. Spying is also a big

concern for the presidential entourage - - White House staffers

have been told not to bring

blackberries with them because of

fears of Chinese suber-snooping.

Radical Muslims have promised to

disrupt the Games. China has

100,000 soldiers and police

guarding Beijing and other Olympic venues.

Meantime, a fake Olympic-ticketing

website that's duped dozens of

Australian sports fans has been

shut down. The

www.beijingticketing.com site has

sold lls $100,000 worth of fake tickets. It's believed to have

netted the fraudsters millions

worldwide. Meantime, Chinese authorities are desperately hoping

a thick layer of smog over Beijing

will lift before Friday's hopening

ceremony. Australian athletes are

concerned it's affecting their health.

Now it's feeling a little bit

thicker and having to clear our

throat a little bit. But playing

tin was fine. Olympic competition

is set to get under way tomorrow.

The Tasmanian MP at the centre of

the Sam Newman sex-slur controversy

remains in hospital following an remains in hospital following an

undisclosed medical emergency. It's

been revealed Paula Wriedt had been under intense personal pressure.

The 39-year-old was rushed to the The 39-year-old was rushed to

royal Hobart hospital late

yesterday. The Premier calling a

press conference to announce her

sudden illness. I am not in a sudden illness. I am not in a

position to speculate on the nature

of her admission. Paula Wriedt had

recently split with her second

husband and is believed to have suffered postnatal depression. She

made headlines last Thursday when

she was the subject of a lewd

comment made by 'Footy Show'

regular Sam Newman. We cant

couldn't get on with her? It's a

big enough story, we probably could. big enough story, we probably could.

Worthy of (bleep) her... Tasmanian Worthy of (bleep) her... Tasmanian

Premier David Bartlett will take over her tourism portfolio while

she recovers. She needs to focus on

getting well with the support of her family and friends.

Police will drop charges against a

man accused of carrying out a

series of sexual assaults in Sydney. series of sexual assaults in Sydney.

The 23-year-old walked into a The 23-year-old walked into a

police station at the weekend,

following the release of CCTV. He

was denied bail, accused of attacking six young women between

April and June this year. Police

say the man has now been released

from custody following the results of forensic tests.

Opposition Leader Brendan Nelson

says he's readyy for a fight as

Peter Costello remains tight-lipped

over his future plans. Political

allies insist the former Treasurer

has no interest in the leadership,

but Mr Costello is saying nothing.

In a search for answers on his

political future, Peter Costello is

leading those watching on a ride

like no other before! Down this

way! Refusing to put his

colleagues out of their misery with colleagues out of their misery colleagues out of their misery with

a clue on his future direction.

It's all the best for sales for his

upcoming book. The former Treasurer

has remained the headline for weeks,

without saying a word. Oh, it's without saying a word. Oh, it's a

publisher's dream! But it's a

nightmare for Brendan Nelson, who nightmare for Brendan Nelson, who

faces daily pressure over his hold

on the Liberal leadership. Are you

really going to wait until Peter

Costello's book comes out in Costello's book comes out in

September to find out what he's

going to do? Well, yes, I am. I am

going to wait. Realy? Yeah.

According to a close ally and

former staffer, the wait will lead

to no revelations different from nine

nine months ago. Peter Costello has

made his position clear the day

after the election, Peter declared

that he wasn't available for the

leadership of the party. That

remains the case. Some of Dr

Nelson's key backers in November

are urging Mr Costello to change

his mind. Leaving the Opposition

Leader to put on a brave face. I am very

very determined and I am very tough

and I will lead us to the next election. Ready for a fight from all sides.

There's been a mixed voter response

to Queensland's Liberal National

Party merger. According to the

latest Newspoll:

The majority of those surveyed say

it makes no difference. Voters also

revealed their lack of support for former Howard government minister Mal Brough as leader of the new party.

New research suggests different

types of music can be linked to

certain mental illnesses. A study

has found that teenagers who prefer

pop music are more likely to be struggling with their sexuality.

Those tuning in to rap or heavy

metal could be drink-driving, while

those who prefer jazz are usually

misfits. Heavy-hetal music has also

been linked to a greater risk of

depression or suicide.

Google is under fire from privacy

advocates over its new mapping

technology. From today, people will

be able to see up close and

personal images of Australian homes,

businesses and famous landmarks.

The new street-view service allows

people to zoom into street level

for a 360-degree view. But Google

is accused of breaching privacy,

with the technology able with the technology able to identify where people are.

The future of Collingwood star Alan

Didak is in doubt after it was revealed

revealed he was involved in a Heath

Shaw drink-driving car accident.

After initially denying Didak was

in the car, the Magpies have been

forced to make an embarrassing forced to make an embarrassing admission.

It has emerged that Heath Shaw and

Alan Didak blatantly lied to their

football club! Shaw crash under to

two parked cars on Sunday night,

returning a 0.14 blood-alcohol

reading. The Pies' hierarchy now reading. The Pies' hierarchy now

red-faced after publicly accepting

the players' version of events. Who

were you in the car with? With a were you in the car with? With a

mate. Who was that mate? I don't

really want to name his name. He's

not really... um, he doesn't need

to be dragged through this. It's my

problem, and I suppose I'm going to

deal with that. Fairly strong

suggestions it's Alan Didak. That's

untrue. It was a friend of his.

No-one from the cling with would

Football Club. A so-called friend,

who let his mate who was a high-profile AFL footballer get

into a car drunk. You know, there

comes a time in your life when

you've got to get rid of scaly

mates, let me tell you. Shaw's

$10,000 fine is currently being

reviewed. The club will hold yet

another media conference today!

England has announced Kevin

Pietersen as their new Test captain

following the retirement of Michael

Vaughan and Paul Collingwood at the

weekend. The 28-year-old's approach

to the game has been raised

questions in the past, but the

South African-born batsmen says South African-born batsmen say

he's up for the challenge. I like

to do what I feel is right in a situation. I think over the years

that I've played cricket - and I've

gained a pretty, um, a good cricket

brain. He takes on both the Test

and one-day captaincys. His first

challenge - the final Test against

South Africa at The Oval on South Africa at The Oval on Thursday. Thursday.

Troubled Canberra halfback Todd

Carney's last chance may have just

been used up. The club has been used up. The club has

reportedly launched an

investigation into Carney's actions on investigation into Carney's actions on the weekend after it's alleged

he was asked to leave a Goulburn

drinking spot after a verbal

altercation. It comes after Carney altercation. It comes after Carney

penned as letters to Raiders

management asks for one last chance

in response to a tough ultimatum by the

the club for hihymn to keep his contract.

We know that the R pwh. A board

meets in Sydney today. But it looks

likely they will keep rates steady

at a 12 yer high of 7.25%,

unfortunately. For more, I'm joined

by CommSec. Borrowers unlikely to by CommSec. Borrowers unlikely

get any rate relief today? That's

right, Frank. But the good news is

that rates won't be going up. The

Reserve Bank knows that higher

interest rates are having their

desired effect in kern kerb our

spending power and cooling the

economy. It's likely to wait a couple of months before changing

buyers. High inflation and slowing

economic economic means that rate

hikes and cuts are off the agend

from now. More on interest rates - from now. More on interest rates -

the squeeze call 'causeed by them

has hit home prices. It certainly has.

has. Home prices in the June has. Home prices in the June

quarter fell for the first time in quarter fell for the first time in

three years, down 0.33%. The data

is probably not all that surprising.

Over the course of the year, we

actually saw home prices rise at a actually saw home prices rise at a

20-year average of 8.2%. The good

news for recovery in home prices is

threefold - a rising population,

the tight rental market, and

speculation of rate cuts further

down the track. Hopefully that will

see a recovery in home prices,

Frank.

Lend Lease shares have plunged more Lend Lease shares have plunged more

than 13% after slashing its

net-profit forecast by 47% to $265

million. Hit hard by the struggling million. Hit hard by the strug million. Hit hard by the struggling

British housing market, the

developer has been forced to write

$121 million off its operations in

northern England. Lend Lease shares

doze closing down $1.44 to $8.66.

American actor in a series

condition after a car crash -

that's next.

And more in finance when the Early News returns. Stay with us.

This program is captioned live. You're watching Ten's Early News.

Top stories this morning - China

rocked by a deadly grenade attack

as concerns continue over the

Beijing smog just days out from the Olympic Games.

Medical emergency - the politician

at the centre of the Sam Newman

sex-slur controversy rushed to hospital.

Then in sport - an Olympic dream

over - Hockeyroo Fiona Johnson

ruled out of the Beijing Games. In

finance - oil drops below US$1.20 a

barrel for the first tine in three

months. Home buyers unlikely to get

a reprieve from the Reserve Bank today.

First this morning - China is on

high alert after another terror

attack just days out from the Olympic opening ceremony. 16

policemen were killed when two men

drove a truck into a group of

officers and hurled homemade

grenades. The same men then

attacked the border-patrol officers

with knives. Another 16 officers

were injured. The two men have

been arrested. It's the latest in a

string of attacks across the country.

Meantime, Chinese authorities are

desperately hoping a thick layer of

desperately hoping a thick layer of

smog over Beijing will clear before

Friday's opening ceremony. Australian

Australian Olympic team bosses are

trying to make sure it doesn't stop

athletes performing to their potential.

In less than 100 hours, the world's

attention will focus on this

stadium. But what will they see? A sparkling

sparkling centrepiece o, era grand

arena shrouded in pollution? Aussie

athletes have been training in this atmosphere, like the beach

volleyballers, who say it won't

affect their performance, but is

affecting their health. Now it's

feeling a little bit thicker, and

having to clear our throat a little

bit. But playing tin was fine. Rain

is forecast for tomorrow or

Thursday. It's hoped that might

cleanse the skies and clear in time

for Friday's opening spectacular.

Meanwhile, Australia's highest gold

medal-winning man has landed in

Beijing. Welcome to Beijing,

Thorpey! Not much to say, but

plenty on his mind. Ian Thorpe will

sue a French newspaper over doping

allegations. I'm past being angry

about it. You know, it's hurtful,

you know, that's the closest that I

can put it in one word. It doesn't

make me angry, it just - I feel

hurt. He says some fault lies in

the system. At the moment, because the system. At the moment, because

when someone does something that's

extraordinary, a response is "Are

they taking something?" That means

that we don't have a good enough

system. The case should go before system. The case should go before the courts next year. A

bogus Olympic-ticketing website has

finally been shut down. The elaborate online con has scammed

millions of dollars through phony

ticket sales, even to athletes'

families. More than 30 Australian

sports fans are believed to have been

been caught out, and they're

unlikely to be compensated. The Australian Olympic Committee says

it's unable to provide replacement tickets.

To other news now - and the

politician at the centre of the Sam

Newman sex-slur controversy has

been rushed to hospital after a

medical emergency. Paula Wriedt,

Tasmania's tourism and economic

development minister, is being

treated in horpbt. Will be unable

to perform her duties as a minister.

She needs to focus on getting well

with the support of her family and friends.

The mother of two appeared on

Nine's 'Footy Show' last week to

campaign for a Tasmanian AFL team

when Newman made a suggestive

comment. It's believed Wreidt has

experienced marital problems.

The dramas continue for Qantas - a

flight to San Francisco was delayed

for several hours in Sydney late

yesterday due to a technical

problem. It's believed there was an issue

issue with the 747's horizontal

stabiliser transmitter. Earlier,

Tokyo passengers on board a 767 jet to

Tokyo were forced to wait almost

three hours because of a hydraulic

problem. Qantas Airlines is working

to restore its reputation as the

world's safest.

Actor Morgan Freeman has been

seriously injured in a car

accident. Freeman was behind the

wheel when his car left the road

and landed in a ditch not far from

his Mississippi home. It's

believed the 71-year-old may have

suffered arm, shoulder and rib

injuries. The Academy Award-winning actor is recovering

in a Memphis hospital and is reportedly sitting up in bed and talking to staff.

The Hockeyroos' Olympic

preparations have started well,

with a 2-1 win against New Zealand

in a warm-up match in Beijing. The

match painful for Fiona Johnson to

watch after she was ruled out of

the Games with a hamstring tear.

The 25-year-old is staying on to

support her team. Very disappointed.

I guess there's probably not words

to describe it. I probably can't

even describe it myself at the

moment. The team takes on South

Korea in their opening Olympic

match on August 10. Former

Former West Coast captain Ben

Cousins has stepped up his quest

for an AFL comeback. Cousins last

night had his first training run

with WAFL club Perth. He'd like to

see how this month or so goes with

his training and what it can do for

him and how his body is holding up

having had 12 month out, and gives

himself that opportunity to assess

where he's at. Cousins was sacked

by the Eagles last year after battling drug addiction. battling

Game 500 as a first-grade coach

proved a successful one for Newcastle's Brian Smith. Though

he's too experienced to let his

young side become carried away with

the victory that now has them back

in the top eight.

A serial pest seemingly on their

side, though Newcastle needed no

additional help in this crucial

match against the Eels. Racking up

four tries to one in the opening 40 minutes.

They made one error in the first

half and they made their second

error 60 minutes into the game of

footy, so I think you've got to

give them some credit for how well

they played. The The two Knights

mistakes led to Parramatta's only

tries in the match. Luke Burt

expected to miss time with a rib

cartilage injury. Another two

touchdowns in the second term.

20-point winners, the Knights now

back in the finals picture. There's

absolutely no prize whatsoever for

being in the eight after 21 rounds. being in the eight after 21 rounds.

Not giving up on their season just

yet. Another week of training.

Tough game next Sunday. So - we're

gonna have to turn it around in a big way.

Finance now with Frank. And the Reserve Bank meets today. What

likely to happen? You want good

news, don't you? Yep! No. Rate

relief isn't expected just yet. The

Reserve Bank board will meet this

morning but is expected to keep

rates on hold at 7.25% for a fifth straight

straight month. Analysts say a cut

today cannot be totally ruled out.

Most are tipping the central bank

won't rule on rates until next

month at the earliest. The announcement this afternoon should

give a strong indication of any future rate cuts.

And record-high interest rates have

seen national home prices fall for

the first time in three years, down

0.3% in the June quarter. Perth was

the worst-hit capital city. Falls

were more modest than expected, and

some analysts say a rate cut could

reignite the housing boom. And in

signs of a slowdown in the labour

market, job vacancies have also

dropped 0.3% in June, the annual

growth rate down to 5.5% there.

Asciano has rejected a $2.9 billion Asciano has rejected a $2.9 billion

takeover bid from a private

consortium led by Texas Pacific

Group. The embattled ports and rail

operator claims the unsolicited

offer of $4.40 a share undervalues

the business. Asciano shares rose

68 cents to close well above the offer at $4.83. Business in brief:

US stocks have fallen as shares of

energy and commodity-related

commodities prices. companies fell on tumbling oil and

To this morn's newspaper headlines

now - the 'Courier-Mail' says

predictions about high pollution

levels in Beijing during the

Olympics look like coming true.

The 'Financial Review' has more on Lend Lease's profit downgrade.

And 'The Australian' reports the

$50 million buyback of water

licences will return just 10

megalitres of water to the Murray River.

Google under fire over its new

mapping technology - we'll have the

details when the Early News returns. NELSON... GOOD MORNING, I'M FIONA EXPECTED TO PROTEST OUTSIDE FIRST UP, PATIENTS ARE CENTRE TODAY, AGAINST THE THE WANNIASSA MEDICAL PHILLIP. PLAN TO MOVE THE CENTRE TO THE MOVE, IS EXPECTED TO TAKE PLACE ON FRIDAY, AND EIGHT FULL-TIME DOCTORS WILL SEE THE EQUIVALENT OF LOST IN THE PROCESS. THEY CAN'T MAKE PATIENTS ARE UNHAPPY, AS G-P'S AT THE NEW PHILLIP APPOINTMENTS TO SEE THEIR CENTRE. HAVE BEEN KEPT BUSY IN THE THE EMERGENCY SERVICES,

FATAL CAR CRASH ON THE SNOWY MOUNTAINS, WITH A ACCIDENTS IN THE AREA. WEEKEND, AND A NUMBER OF METRES, WHILE TRYING TO A PERTH MAN FELL FIVE BAR IN JINDABYNE... SLIDE DOWN A HANDRAIL AT A TO HOSPITAL WITH HEAD AND A 26 YEAR OLD WAS AIRLIFTED CRASHING INTO A TREE ... NECK INJURIES, AFTER AIRLIFTED FROM THREDBO SKI WHILE ANOTHER MAN WAS RESORT WITH SPINAL INJURIES, AFTER AN ACCIDENT THERE. WHILE ON HER WAY TO WORK AT A 25 YEAR OLD WOMAN, DIED THE THREDBO SKI RESORT. PLACED ON A GOOD BEHAVIOUR AN 18 YEAR OLD HAS BEEN WITH AN AUSTRALIAN FLAG, BOND, AFTER BEING ARRESTED STOLEN FROM KINGS PARK. KINGS PARK. HEARD, HOW DAMIEN LAKIN, THE MAGISTRATES COURT NATIONAL POLICE MEMORIAL, STOLE THE FLAG FROM THE HIS BEDROOM. AND PLANNED TO HANG IT IS CARNEY HAS BEEN PUT ON HOLD AND THE FUTURE OF TODD DAVID RIOLO, ENJOYS A AGAIN, WHILE HIS MANAGER SKIING HOLIDAY. HAVE THE ISSUE RESOLVED THE RAIDERS WERE HOPING TO CARNEY'S MANAGER YESTERDAY, BUT WITH ISN'T EXPECTED UNTIL LATER HOLIDAYING, A DECISION LOOK AT TODAY'S WEATHER... CREATING UNSTABLE A LOW PRESSURE TROUGH IS AND ISOLATED THUNDERSTORMS CONDITIONS, WITH SHOWERS ABOUT THE REGION EASING TODAY. LOOKING ACROSS THE NATION - A SHOWER OR TWO FOR CANBERRA, SYDNEY, MELBOURNE AND ADELAIDE - MOSTLY FINE CONDITIONS IN THE OTHER CAPITALS CLOSER TO HOME - VERY WET AROUND THE REGION TODAY - A FEW SHOWERS WITH AN EXPECTED TOP OF 15 FOR

DUBBO - EIGHT DEGREES THE TOP FOR ORANGE

WET WITH A TOP OF 10 FOR BATHURST, BOWRAL AND

GOULBURN - SNOW FOR PERISHER TWO DEGREES A FEW SHOWERS WITH 13 DEGREES ON THE WAY FOR THREDBO LOOKING AHEAD TO THE NEXT FEW DAYS... TOMORROW -

SHOULD BE FINE AND PARTLY CLOUDY. THURSDAY - WE'LL HAVE A SHOWER OR TWO. AND FRIDAY - SHOULD BE MOSTLY FINE. (NO SCRIPT NEEDED HERE) This program is captioned live.

You're watching Ten's Early News.

Making headlines today - China on Making headlines today - China on

high alert after a deadly grenade

attack as Beijing's smog sparks

fears about our athletes' health.

Medical emergency - the politician

at the centre of the Sam Newman

sex-slur scandal rushed to hospital!

And in finance - the Reserve Bank

meets today, but no relief is

expected as the interest-rate

squeeze sends home prices falling! squeeze sends home prices falling!

But first - Chinese security is on

high alert after another terror

attack that killed 16 police officers. The government will

increase troop levels around the

venues as world leaders arrive for the opening ceremony.

With just four days to go before

the start of the Olympics, the

fanfare is building in China. But

that enthusiasm was shattered this

morning an the far side of the

country near the Afghanistan border,

where two men attacked a group of

policemen. The suspects rammed a

truck into the men, then tossed

hand grenades, killing at least 16.

Security forces across the nation

were immediately put on high alert.

Chinese officials scrambled to

ensure athletes and spectators at

the Games will be safe. President

Bush is about to leave Washington

to attend the opening ceremonies

and security will be tight wherever

he goes. Spying is also a big

concern for the presidential opt

Raj - White House staffers have

been told not to bring blackberries

with them because of fears of with them because of fears of

Chinese cyber-Bing. Radical Muslims

have promised to disrupt the Games.

China has 100,000 soldiers and

police guarding Beijing and other Olympic venues.

Meantime, a fake Olympic-ticketing

website that's duped dozens of

Australian sports fans has been

shut down. The site has sold almost

$100,000 worth of fake tickets in

Australia, and is believed to have

netted the fraudsters millions worldwide. Meantime, Chinese authorities are desperately hoping

a thick layer of smog over Beijing

will lift before Friday's opening

ceremony. Australian athletes are concerned it's affecting their health. Now

Now it's feeling a little bit

thicker and having to clear our

throat a little bit. But playing in

it was fine. Olympic competition is

set to get under way tomorrow.

The Tasmanian MP at the centre of

the Sam Newman sex-slur controversy

remains in hospital following an

undisclosed medical emergency. It's

been revealed Paula Wriedt had been

under intense perm pressure.

The 39-year-old was rushed to the

Royal Hobart Hospital late Royal Hobart Hospital late

yesterday. The Premier calling a

press conference to announce her

sudden illness. I am not in a

position to speculate on the nature

of her admission. Paula Wriedt had

recently split with her second

husband and is believed to have

suffered postnatal depression. The

mother of two made headlines last

Thursday when she was a subject of

a lewd comment made by Nine's

'Footy Show' regular Sam Newman. We

couldn't get her on, could we?

(LAUGHTER) She could come over and

- It's a big-enough story. We

probably could, Samuel. Worthy of

(bleep) her... Tasmanian Premier

David Bartlett will take over her tourism portfolio while she

recovers. She needs to focus on

getting well with the support of

her family and friends.

The dramas continue for Qantas. A

flight to San Francisco was delayed

for several hours in Sydney late

yesterday due to a technical

problem. It's believed there was an

issue with the 747's horizontal

stabiliser transmitter. Earlier,

passengers on board a 767 jet to

Tokyo were forced to wait almost

three hours because of a hydraulic

problem. Qantas says the airline is

working to restore its reputation

as the world's safest.

Brendan Nelson has dug in his heels

over continued speingulation on the

Liberal leadership. -- speculation.

Peter Costello continues to refuse

to clarify his position on whether

he still plans to quit Parliament

or challenge for the leadership. Dr

Nelson says he can survive the

damaging speculation. I am very

determined and I am very tough and

I will leadtuse the next election.

The Opposition Leader says the

former treasurer deserves time to former treasurer deserves time former treasurer deserves time to

consider his future.

There's been a mixed voter response

to Queensland's Liberal National to Queensland's Liberal National

Party merger. According to the

latest Newspoll, 21% of people are

more likely to vote for the new more likely to vote for the new party than the previous Coalition.

Voters revealed their lack of

support for former Howard

government minister Mal Brough as

leader of the new party.

A man charged over a series of

sexual assaults in Sydney has been

released from custody. The

23-year-old walked into a police

station at the weekend following

the release of CCTV. He was denied

bail, accused of attacking six

young women between April and June

this year. Police say the man has

now been released, following the

results of forensic tests. An

application will be made over the

next few days to drop all charges.

Google is under fire from privacy

advocates over its new mapping

technology. From today, people will

be able to see up close and

personal images of Australian homes

and businesses. The new

and businesses. The new street-view

service allows people to zoom in to

street level for a 360-degree view.

It's the result of a 6-month-long It's the result of a 6-month-long

photographic project. But Google is

accused of breaching privacy, with

the technology able to identify

where people are.

Actress Mary-Kate Olsen is

refusing to cooperate with US

investigators who want to question

her about Heath Ledger's death.

It's believed she wants immunity

from prosecution before she speaks with police.

The first photos of Brad Pitt and

Angelina Jolie with their twins are

about to hit the magazine shelves.

The $15 million deal is set to make

a lucky charity very happy.

It's the mother and father of all

magazine deals. 'HELLO!' is

reported to have paid upwards of ?7

million for these pictures. At just

three weeks old, it makes little

Knox and Vivienne almost as

bankable as their parents. As

copies hit the newsagent shelves

ahead of schedule this morning,

it's predicted the deal could

triple the magazine's circulation.

Out-bidding OK to land it the

photos, determined to cash in on photos, determined to cash in on

the public's fascination with

Brangelina. One of the most

attractive, Hollywood couples out

there at the moment, Angelina Jolie and

and Brad Pitt, which we areb sesed

with! Pitt and Jolie have with! Pitt and Jolie have become

one of Hollywood's hottest couples.

They received ?2.5 million of

pictures of their first child

pictures of their first child

Shiloh two years ago. The money Shiloh two years ago. The money

went to charity, and they say

they'll donate the proceeds of this

deal too, which introduces two new

celebrity faces as the stars of the most expensive baby snaps of all time. The

future of Collingwood star Alan

Didak hangs in the balance after it

was revealed he was involved in the

Heath Shaw drink-driving car accident. After initially denying

Didak was in the car, the Magpies

have been forced to make an

have been forced to make an embarrassing admission.

It has emerged that Heath Shaw and

Alan Didak blatantly lied to their

football club. Shaw crashed into

two parked cars on Sunday night,

returning a 0.14 blood-alcohol

reading. The Pies' hierarchy now

red-faced after publicly accepting

the player's version of events. Who

were you in the car with? With a

mate. Who was that mate? I don't

really want to name his name. He's really want to name his name. He's

not really, um - he didn't need to

be dragged through this. It's my

problem, and I suppose I'm going to

deal with that. There's fairly

strong suggestions it's Alan Didak.

Ah, that's untrue. It was a friend

of his. No-one from the Collingwood

foot Football Club. A so-called

friend, who leall the his mate, who

was a high-profile AFL football

player, get into a car drunk. There

comes a time in your life when

you've got to get rid of scaly

mates, let me tell you. Shaw's

$10,000 fine is currently being

reviewed. The club will hold

another media conference today.

England has named Kevin Pietersen as their nigh Test captain

following the retirement of Michael

Vaughan and Paul Collingwood at the

weekend. Pietersen's approach to

the game has raised questions in

the past, but the South Africa-born

batsman says he's up for the

challenge. I like to do what I feel

is right in a situation. I think

over the years that I've played

cricket, I've gained a pretty good

cricket brain. He take on both the

Test and one-day captaincys.

There's more trouble for Canberra

halfback Todd Carney. The club has reportedly launched an

investigation into allegations

Carney was asked to leave a

Goulburn drinking spot after a verbal altercation over the weekend.

The 22-year-old was suspended following

following a wild night out at a

Canberra bar last month. He was in

the middle of negotiating one last

chance to stay at the club.

The Reserve Bank board meets in

Sydney today, but is expected to

keep rates steady at a 12-year high

of 7.25%. For more, I'm joined by

CommSec. Borrowers are unlikely to get

get any rate relief today, at

least? That's right, Frank. The

positive sign is that rates aren't

going up, either. The Reserve Bank

knows it takes time for higher

interest rates to have their effect

on cooling the economy. It's likely to

to wait another couple of months

for that to have its full effect. That

That means that rate hikes are off

the agenda for now. Also,

unfortunately, are rate cuts.

What's in store for our market

today? It's not looking very

today? It's not looking very positive, unfortunately. We had

another weak lead from Wall Street

overnight. The Dow off by almost

0.5% overnight. We've also had a

big slump in commodity prices, oil

falling to a 3-month low, down 3%

or $3, and gold down almost $10 an

ounce, taking away from our resource and energy stocks today.

It won't be a positive start. The

futures pointing to a drop of about

froix points, or 1%, on open, Frank.

Thanks for the update. Thanks.

Lend Lease shares have plunged over

13% after slashing its net-profit

forecast by 47% to $265 million.

Hit hard by the struggling British housing market, the developer has

been forced to write $121 million been forced to write $121 million

off its operations in northern England.

The way mining companies are taxed

could be overhauled under the

Government's review of the tax

system. There's speculation a

discussion paper out tomorrow will

recommend replacing State-imposed recommend replacing State-imposed

royalties with national resource

rent taxes. Briefly in business:

Quickly, Kath - some company

reports of interest out today -

Seven, AXA and Asia Pacific Holdingsthism

Holdingsthism Reserve Bank will

announce its decision at 2:30

eastern - probably no luck there,

but all eyes on the Fed Reserve -

could be another cut in the US.

Busy one. Indeed.

That's it for Ten's Early News. I'm

Kathryn Robinson. Have a good day.

And I'm Frank Coletta. Join the Early News team again tomorrow.

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