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(generated from captions) Good morning. I'm Frank Coletta. Welcome to Ten's Early News. And I'm Kellie Morgan. freak accident. Our top stories this Tuesday - A road maintenance worker killed surges out of control. as his cherry picker the sixth child to fall victim Deadly flu - a NSW toddler becomes to the Influenza A virus. to brace for another interest hike Rate fears - mortgage holders told inflation figures. following higher-than-expected And calling it a day - two election victories the man behind George W. Bush's quits the White House. here's Kellie. And now for a look at finance, Good morning, Frank. confidence Investors seem to be taking around the world from the efforts of central banks to keep the money flowing with more rounds injections overnight. of multibillion-dollar capital When I come back - multimillion-dollar fine Qantas bracing for a over the price-fixing allegations. work accident in Brisbane. A man has died in a freak He was operating a cherry picker

out of control and crushed him. when the machine suddenly surged late night maintenance work The work gang was carrying out on an overhead highway bridge suddenly raised itself. when the machine It began to move upwards crushed to death and one of the workers was trapped, and the cherry picker. between the bridge serious injury by lying on the floor. Another workman in the bucket escaped of the 56-year-old victim told police Shocked colleagues but couldn't save their team leader. to release him, but not in time. By operating it remotely from below of this party hire truck Meantime, the driver

has survived to tell the tale suddenly exploded. after gas bottles in the back We saw the gas bottle was on fire out of the way so we just cleared everybody on there because we knew there was other ones we could do to it. and there was nothing were shattered by the blast. Windows in nearby homes had been shattered. Most of the windows the toilet. The top had been blown off Tim Collits, Ten News.

has claimed another victim. Australia's killer flu from suspected Influenza A A 2-year-old boy has died of New South Wales. in the central west Meanwhile in Queensland, the flu has forced authorities

of anti-viral drugs. to open up an emergency stockpile had been running out of supplies Some chemists because of the unprecedented demand. have now died from the illness. Six children in four states of a man wanted Police have released an image in Melbourne. over the murder of a pensioner Investigators believe was one of three men seen running the man aged in his late 30s was found. from where Rosemaria Lauria's body they're animals who live in the zoo. The people who commit this crime is, is believed to have been burned alive 69-year-old Ms Lauria in October last year. is having plastic surgery A great grandmother in Melbourne's northern suburbs. after being bashed in her home in the head and arm by the intruder. The 92-year-old was hit several times have to happen to her? Why does it always Old people living on their own? It's was the woman's fifth break-in. Grim news for home buyers - the Reserve Bank hinting

could be on the way. another interest rate rise And the future is no rosier the property market for those wanting to break into

hitting a new low. with housing affordabilty is hard going Finding the rent each week Roseanna Harris. for single mother of two on a place like this? What's the rent $260 a week. MAN: That's a big hit, isn't it? $260? Yep, yep. maternity leave at the moment. Especially because I'm not getting Over a cuppa,

outlined his $600 million plan Kevin Rudd for low-income earners. to provide 50,000 rental properties in tax and other incentives Investors will receive $8,000 a year to build new dwellings at 20% below market rates. and rent them out $50-plus off each week. You're effectively going to get The Treasurer dismissed the idea. It's terribly inefficient and, as a tax matter, to developers, not to renters. delivers principally the benefits comes as new figures show The Labor promise has hit a new record low. housing affordability to break into the market, And for those who can afford the news is also bleak -

its inflation forecast to 3%. the Reserve Bank lifting from the Reserve Bank That's classic code of another rate rise. that we're on the knife edge Most economists think after the federal election. any rise will come Leonie Mellor, Ten News. has quit the White House One of George W. Bush's top advisers

after months of scandal. in the President's two election wins Karl Rove was seen as the architect but recent controversies, of a CIA agent including the public naming and the sacking of federal attorneys, at the end of the month. will see Rove step down are trying to figure out what to do NASA engineers in the shuttle 'Endeavour'. about a small dent space walk to fix the damage. Astronauts might have to take another With so much to do the shuttle 'Endeavour' astronauts, including a second space walk for a problem they had fixed long ago - NASA engineers were hoping this was off the external fuel tank. potentially damaging debris falling foam came off a bracket on the tank 58 seconds after launch, and struck the orbiter. bounced off What we're talking about here in the belly of the shuttle is a very small pit orbiter down close to the skin of the and the area that's gone all the way by an inch. is only about one-tenth of an inch have a couple of days to decide Mission managers what could be an unplanned space walk whether to send astronauts out for rather not deal with This is something that we would

exactly this case. but we have really prepared for

Depending on the extent of the damage protective paint, the astronauts can slap on screw on a shielding panel or squirt in filler glue. The bigger question now is what effect will this have on future launches? Drew Levinson, Ten News. AFL legend Wayne Carey has apologised to Kangaroos forward Nathan Thompson after criticising his battle to beat depression. Carey's comments have come under fire from mental health support groups. Thompson had criticised Carey for making negative comments about the Kangas. The former captain hit back using Thompson's well-known battle with depression. It would be nice for Thommo to stay away from the Darwin Cup and concentrate on his recovery and maybe get back and get a kick. Oh, gee. He's got depression and he's up there punting on horses. (Nervous laughter) What's he thinking? Carey was then caught out as they came out of a commercial break. The star's gaffe infuriated anti-depression advocates. It was a thoughtless comment, a silly comment, Thompson is not commenting, but Channel Nine issued a statement apologising on Carey's behalf and he also spoke briefly on camera. It was all silly and I shouldn't have said any of it. The furore has put unneeded pressure on the Kangas heading into the finals. We've got a massive game this week

and that's what the Kangaroos Footy Club, the North Melbourne Footy Club, are going to focus on - not on what Wayne Carey's got to say. Rugby league and the Cowboys have pulled off a spectacular come-from-behind win over Penrith in the top four. to secure their place The visitors were trailing by 10 points with 8 minutes to go before staging the fightback. Jonathon Thurston steering his side to a thrilling gold point win. A pretty gutsy effort, you know, I think our forwards defended well and that's what we needed to do and with five or six minutes, that's still a lot of time in footy. It wasn't all good news for the Cowboys with Sione Faumuina placed on report for this high shot while Steve Southern suffered a shoulder injury. for the upcoming Rugby World Cup. The Wallabies heirachy met yesterday to discuss the measures in the wake of last week's off-field incident involving Lote Tuqiri and Matt Dunning.

Players association boss Tony Dempsey believes

a player agreed curfew is the only way forward. A curfew imposed from up above or somebody else wouldn't be warmly received by the players. I don't think, quite frankly, the new regime at the ARU would be keen to implement something like that. Both Dunning and Tuqiri are expected at today's discussions. Finance now with Kellie - and the bourse bounces back? Frank - after Friday's global bloodbath, the market turned on a higher-than-expected 62 points, to finish at 6,027. The buoyant trade was underpinned by an ongoing demand for commodities. Blue-chip stocks including BHP Billiton and Rio Tinto gaining almost 2%. The banking sector also finished higher. Qantas is bracing for a multimillion-dollar fine for its alleged involvement in a freight price-fixing scandal. It's set aside $47 million in this year's accounts to cover a potential bill from North American regulators over claims it colluded with other airlines to fix surcharges on flights to the US. Korean Air Lines and British Airways have already been hit with penalties totalling $700 million. The Flying Kangaroo is this week expected to announce record annual earnings of more than $1 billion. Now for a look at the national weather and for the rest of the day. Let's take a look at the newspapers.

A cherry picker operator crushed to death as his machinery surges out of control. The tragic details and more when Ten's Early News returns.

Welcome back to Ten's Early News. Making headlines - rates warning. Mortgage holders in for another hike unless a cut in spending drives down inflation. Legal honour - a woman who left school at 14 to become the third female to sit on the High Court bench. Worksite tragedy - a cherry picker operator crushed against a bridge and killed as his machinery surges out of control. And in sport - the Cowboys into the top four on the NRL ladder with a remarkable golden point win over the Panthers. Time for another check of finance and how did Wall Street end up? Well Frank, investors fought hard to end the day in the black, but it wasn't to be

despite the Federal Reserve injecting another $2 billion to cool the market amid credit crunch fears. When I come back - extraordinary claims as two major Australian companies face court. Grim news for home buyers - the Reserve Bank hinting another interest rate rise could be on the way before the end of the year. The Reserve Bank has lifted its inflation forecast to 3% at the high end of the target set by the Federal Government. That's classic code from the Reserve Bank of another rate rise. that we're on the knife edge I have set the bar over the course of the cycle - and the bar is 2-3 and the good news is we've been bang on in it. Most economists think it's unlikely rates will rise before the Federal Election. A woman who left school at 14 has achieved one of the highest honours in Australian law. 53-year-old Queenslander Justice Susan Kiefel has been appointed to the High Court. It makes her the third woman to sit on the High Court bench.

Queensland Premier Peter Beattie has welcomed the appointment saying she's widely respected in the state judiciary and legal profession.

Justice Kiefel will take up the position on September 3. A man has died after a cherry picker he was working on crushed him against a bridge in Brisbane. The 56-year old victim was part of a main roads team arrying out maintenance work on the bridge when the machine suddenly elevated with the workman and a colleague in the bucket. The crew from the other crane went to assist to operate the machine where the man was killed by operating it remotely from below to release him, but not in time. the driver of this party hire truck when several gas bottles on board exploded. The truck and its load were destroyed and several homes were damaged in the blast. The driver escaped with a few scratches. from suspected Influenza A, this time in New South Wales. Authorities have confirmed a 2-year-old boy in the state's central west died from the illness. Meanwhile in Queensland, the flu has forced authorities to open up an emergency stockpile of anti-viral drugs to meet unprecedented demand. Health authorities had feared Queensland's flu death toll had doubled. But tests have revealed

two people aged in their 30s did not die from influenza despite suffering flu-like symptoms. The tests have come back negative. So yes, we are more vigilant, and we are looking at what's going on out there, but there's been no additional deaths. Two have died and 250 hospitalised in Queensland's worst flu season in six years. With flu fears running high, some pharmacies have run out of anti-viral drugs. The Beattie Government says commercial supplies shouldn't be affected emergency stockpile of Tamiflu but it still opened its own for nursing homes and hospitals. We must take this seriously but there's no need for panic. Today marks the start of week six of this year's flu season and health authorities hope the worst has now passed. Throughout the world, it's pretty standard that flu seasons last around six to eight weeks. (Sneezes) Max Futcher, Ten News. Australian health authorities are closely monitoring an outbreak of birdflu which has claimed at least two livesin Bali. The deaths of a 29-year-old woman and her 5-year-old daughter There ares also fears a sick 2-year-old from the same remote village, is also infected. It's believed the outbreak occurred when villagers fed contaminated chicken carcasses to pigs, rather than burn them. has quit the White House. George W. Bush's political mastermind Karl Rove was known as the architect behind the President's two election victories, but a series of scandals have made him a political target. After seven years as President Bush's right hand, Karl Rove will leave the White House a year before his boss retires. I will miss, deeply miss, my work here, my colleagues and the opportunity to serve you and our nation, Mr President. Rove has been the centre of controversy since 2003 when he was investigated over the naming of a CIA undercover agent. While the Vice-President's top advisor was found guilty of lying about the affair, prosecutors found no case against Rove. Recently, he's been the target of Democrats were sacked. The President stepping in to stop his long-time advisor from having to testify in the case. George W. Bush only had kind words for his long-time ally today. Rove widely considered responsible for victory in the 2000 and 2004 presidential elections. We worked together so we could be in a position to serve this country, and so I thank my friend. Rove plans to return to Texas to spend more time with his family. A tell-all book deal could be in the works after he leaves his job in a fortnight.

Ben Lewis, Ten News. Another setback for the rescue mission of the six trapped miners in Utah. A high resolution camera lowered into the mine has not provided any answers

because of poor lighting. There still hasn't been any communication with the miners, but rescue crews are refusing to give up. They're now boring a third hole to where they believe the miners could be located. The North Queensland Cowboys have pulled off a miraculous come-from-behind golden point win over cellar dwellers Penrith overnight. in just eight minutes The visitors scoring three tries to secure their first win in Sydney this season. It was a game that looked all over for the Cowboys until Matty Bowen and Jonathan Thurston turned up the heat. The duo combining to help the Cowboys arrest a 10-point deficit with eight minutes to go. Thurston then adding the golden touch to a magic extra-time victory. COMMENTATOR: Graham for the line... ..and the Cowboys win! We just kept the faith - and when you've got fellas like J.T. and Matty you know that something can be pulled out and they did it. Bowen's contribution was also felt in defence while his team-mate was a little more reckless. Sione Faumuina placed on report for this shot on Luke Priddis, warranted further action. a tackle the Panthers believe Well, Luke Priddis had to go off the ground, mate. It's a simple as that. If he has to leave the ground then so should he. It was blatantly around the head. Steve Southern is in doubt for next week after injuring his shoulder. The Panthers' capitulation virtually ensuring them the wooden spoon with just three rounds remaining. You saw the reasons why we're on 14 competition points at the back end of the game. Scott Mackinnon, Ten News. The Western Bulldogs can go ahead with plans for a farewell game for champion Chris Grant. The veteran has been cleared of any serious damage to his injured knee. The feeling is that the cartilage so far is all in good nick which is a real relief for me. Meanwhile, AFL legend Wayne Carey has apologised to Kangaroos forward Nathan Thompson, after criticising his battle to beat depression. India have secured their first cricket test series in England in 21 years after the final test at The Oval ended in a draw. Kevin Pietersen top scored for England with 101 runs but the home side eventually fell 131 short of their 500-run fourth innings target. COMMENTATOR: The Indians celebrate the first time they've won a test series in England since 1986. India has won only two other test series in England

in the past 75 years. A finance check now with Kellie and a Coles boss accused of plotting to mislead the market? That's right, Frank. A Melbourne court has heard claims Chief Executive John Fletcher asked a former colleague to beef up the supermarket giant's sales growth forecast by $30 million. Former merchandise manager Peter Scott claims he was told last year, Coles's first-quarter figures were below expectations

and needed to be inflated. He refused and alleges Mr Fletcher accused him of not being 'part of the team'. Mr Scott was sacked in November on grounds he breached the company's code of conduct. He may still take legal action, alleging improper dismissal. A court has heard how failed property investment group Fincorp hoped a 'high-interest loan' would help it trade through its financial problems.

The company's director Graeme Byers

arranged for ASX-listed company, First Capital, to lend it $3 million with an annual interest rate of 30% after a buy-out deal with Bridgecorp fell through. Ironically, that company followed Fincorp into administration five weeks ago. for his role in helping organize the loan. 8,000 investors lost $115 million in Fincorp's eventual collapse. Now for a look at the national weather and for the rest of the day. Van Halen have announced their reunion tour starting in September.

Van Halen and the rock group's original singer David Lee Roth

are teaming up again for the first time in more than 20 years. There's a new edition to the group - Eddie Van Halen's 16-year-old son is replacing bassist Michael Anthony. George W. Bush's right-hand man quits the White House. That's next. And the CommSec finance report when the Early News returns. Our top stories this Tuesday - freak accident. A road maintenance worker killed as his cherry picker surges out of control. Deadly flu - a NSW toddler becomes the sixth child to fall victim to the Influenza A virus. Rate fears - mortgage holders told to brace for another interest hike following higher-than-expected inflation figures.

And calling it a day - the man behind George W. Bush's two election victories quits the White House. Time to have another look at finance, and Kellie, it should be a good open for the Australian market? Local investors can take heart from positive moves on Wall Street propelled by the efforts of central banks around the world to prop up the market. When I come back - claims the big banks will double their rate hikes. We'll cross to CommSec to learn more. A man has died after a cherry picker he was working on crushed him against a bridge in Brisbane. The 56-year old victim was part of a main roads team arrying out maintenance work on the bridge when the machine suddenly elevated with the workman and a colleague in the bucket. The crew from the other crane went to assist to operate the machine where the man was killed by operating it remotely from below to release him, but not in time. the driver of this party hire truck when several gas bottles on board exploded. The truck and its load were destroyed and several homes were damaged in the blast. The driver escaped with a few scratches. Another child has died from suspected Influenza A, this time in New South Wales. Authorities have confirmed a 2-year-old boy in the state's central west died from the illness. Meanwhile in Queensland, the flu has forced authorities to open up an emergency stockpile of anti-viral drugs to meet unprecedented demand. Health authorities had feared Queensland's flu death toll had doubled. But tests have revealed two people aged in their 30s did not die from influenza despite suffering flu-like symptoms. The tests have come back negative. So yes, we are more vigilant, and we are looking at what's going on out there, but there's been no additional deaths. Two have died and 250 hospitalised in Queensland's worst flu season in six years. With flu fears running high, some pharmacies have run out of anti-viral drugs. The Beattie Government says commercial supplies shouldn't be affected but it still opened its own emergency stockpile of Tamiflu for nursing homes and hospitals. We must take this seriously but there's no need for panic. Today marks the start of week six of this year's flu season

and health authorities hope the worst has now passed. Throughout the world, it's pretty standard that flu seasons last around six to eight weeks. (Sneezes) Max Futcher, Ten News. Police are investigating a possible murder-suicide attempt in Western Australia.

A mother of three was found dead on the floor of her house in Warnbro

on Sunday night were called there after emergency crews

because of a strong smell of gas.

The woman's ex-husband was found unconscious near her body. He's undergone surgery in hospital. Police are yet to speak to the man. A twist in the latest sex scandal to hit rugby league. New Zealand Warrior Michael Crockett has been charged with sexual assault after an alleged incident in Sydney last week. Crockett, who has strenuously denied the allegation, flew into Sydney last night to be charged before being released on bailed. The winger will return to training tomorrow. Grim news for home buyers - the Reserve Bank hinting another interest rate rise could be on the way before the end of the year. The Reserve Bank has lifted its inflation forecast to 3% at the high end of the target set by the Federal Government. That's classic code from the Reserve Bank that we're on the knife edge of another rate rise. I have set the bar and the bar is 2-3 over the course of the cycle - we've been bang on in it. and the good news is Most economists think it's unlikely rates will rise before the Federal Election. George W. Bush's political mastermind has quit the White House. Karl Rove was known as the architect behind the President's two election victories, but a series of scandals have made him a political target. After seven years as President Bush's right hand, Karl Rove will leave the White House a year before his boss retires. I will miss, deeply miss, my work here, my colleagues and the opportunity to serve you and our nation, Mr President. Rove has been the centre of controversy since 2003 when he was investigated over the naming of a CIA undercover agent. While the Vice-President's top advisor was found guilty of lying about the affair, prosecutors found no case against Rove. Recently, he's been the target of Democrats were sacked. after eight federal attorneys The President stepping in to stop his long-time advisor from having to testify in the case. George W. Bush only had kind words for his long-time ally today.

Rove widely considered responsible for victory in the 2000 and 2004 presidential elections. We worked together so we could be in a position to serve this country, and so I thank my friend. Rove plans to return to Texas to spend more time with his family. A tell-all book deal could be in the works after he leaves his job in a fortnight.

Ben Lewis, Ten News. Wild tropical storms are still wrecking havoc across south-east Asia. A freak tornado has hit Taiwan flattening at least 10 homes. While heavy rain continues to cause flooding and mudslides across southern China. 1.2 million people in the region have been affected by the storm and more then 3,000 homes destroyed. AFL legend Wayne Carey has apologised to Kangaroos forward Nathan Thompson after criticising his battle to beat depression. Carey's comments have come under fire from mental health support groups. Thompson had criticised Carey for making negative comments about the Kangas. The former captain hit back using Thompson's well-known battle with depression. to stay away from the Darwin Cup It would be nice for Thommo and concentrate on his recovery and maybe get back and get a kick. Oh, gee. He's got depression and he's up there punting on horses. (Nervous laughter) What's he thinking? Carey was then caught out as they came out of a commercial break. Welcome back. The star's gaffe infuriated anti-depression advocates. It was a thoughtless comment, a silly comment, probably just a throwaway line. Thompson is not commenting, but Channel Nine issued a statement apologising on Carey's behalf and he also spoke briefly on camera. It was all silly and I shouldn't have said any of it. The furore has put unneeded pressure on the Kangas heading into the finals. We've got a massive game this week and that's what the Kangaroos Footy Club, the North Melbourne Footy Club, are going to focus on - not on what Wayne Carey's got to say. Ian Cohen, Ten News. The NRL has ordered a crackdown on the use of the grapple tackle amid fears a new version is creeping into the game. It follows complaints from Brisbane about the use of the outlawed technique during their loss to Melbourne. A lot of the boys had sore necks today and especially my knees. So I reckon they should get rid of it, yeah. The judiciary will broaden the definition of the grapple to include a new technique where players use their upper bodies to apply pressure to the neck instead of their hands. Mortgage lender Bluestone has cited US sub-prime jitters for its decision to jack up its rates to almost double that of last week's RBA-sanctioned interest rise.

With more Craig James joins us live from CommSec. Craig, Bluestone has $3 billion worth of loans on its books. Are some of these loans risky, like those that have prompted America's credit crisis?

Bluestone has it that the cap

exposure to load up high minds.

We're seeing across the old Globe

is a proper uprising of this risk. is a proper uprising of this risk.

It was underpriced for some time

and basically the chickens are

coming home to roost. I do think we

will see any change from the big

banks. They have been pricing risk for

for some time. The main issue is

with non-bank lenders, those two

engaging in those will adopt lines.

We are likely to see higher

interest rates for those lines. It

has been an improved session and

Europe and the US. Big again as far

markets today. Futures market

pointing to a 46 point rise. Now for a look at the national weather and for the rest of the day. Let's take a look at the newspapers. A Queensland Justice makes High Court history. We'll tell you how on the other side of the break. STORY SOON BUT FIRST - POLICE ARE INVESTIGATING THE THEFT OF THAN TEN THOUSAND DOLLARS WORTH OF IPODS AND APPLE IPODS AND APPLE COMPUTER EQUIPMENT FROM THE A-N-U. FIFTY SIX I-PODS WERE STOLEN FROM A COMPUTER RETAIL STORE ON NORTH ROAD JUST BEFORE THREE A-M ON SATURDAY. POLICE ARE URGING ANYONE OFFERED CHEAP IPODS, TO ANYONE OFFERED CHEAP IPODS, TO CALL CRIMESTOPPERS. THE A-C-T OPPOSITION'S RAISED CONCERNS CONVICTED CRIMINALS MAY BE WORKING IN THE LOCAL SECURITY INDUSTRY. THE CALLS COMES AFTER BLOW-OUTS IN THE TIME TAKEN BY GOVERNMENT DEPARTMENTS TO PROCESS CRIMINAL CHECKS ON PROSPECTIVE GUARDS. THE ADAMINABY AND LAKE EUCUMBENE AREA HAS RECEIVED STATE GOVERNMENT FUNDING TO BOOST LOCAL TOURISM. THE FIFTEEN THOUSAND DOLLAR GRANT WILL PROVIDE FOR A LOCAL CONSULTANT, HOSPITALITY TRAINING AND PROMOTIONAL MATERIAL TO HELP SELL THE AREA. AND A-C-T LABOR SENATOR KATE LUNDY WILL BE LAUNCHING A PRICE WATCH ON LOCAL SUPERMARKETS TODAY. THE PROGRAM WILL COMPARE PRICES OF GOODS FROM ACROSS THE TERRITORY, WITH THE RESULTS UPDATES EACH WEEK ON HER WEBSITE. AND IN SPORT THE QUEANBEYAN TIGERS HAVE ALL BUT ENSURED FOURTH PLACE IN THIS YEAR'S CANBERRA A-F-L, AFTER A HARD-FOUGHT WIN OVER AINSLIE.

PLAYER-COACH MARK ARMSTRONG WAS THE HERO, KICKING SIX GOALS IN THE 23 POINT WIN. WHILE IN OTHER MATCHES BELCONNEN THRASHED THE WILDCATS, AND EASTLAKE PIPPED THE HAWKS. NOW TO THE LATEST WEATHER ... ISOLATED SHOWERS ARE EXTENDING INLAND, POSSIBLY REACHING THE ACT TONIGHT .. WHILE FINE WEATHER IS FINE WEATHER IS EXPECTED TOMORROW AHEAD OF A COLD FRONT . DAY FOR CANBERRA, A FEW SHOWERS FOR PERTH, FINE IN

BRISBANE AND DARWIN BUT SHOWERS IN SYDNEY EARLY FROST THEN FINE IN ORANGE HEADING FOR 10 .. A FEW SHOWERS AND 15 IN WOLLONGONG .. SUNNY IN 15 IN WOLLONGONG .. SUNNY IN WAGGA AND DUBBO AND 14 IN BATEMANS BAY .. MOSTLY SUNNY AND 12 THE TOP IN BATHURST .. SUNNY ALSO IN PERISHER AND THREDBO

EARLY FROST THEN SUNNY IN MUDGEE .. A SHOWER OR TWO SUNNY IN MUDGEE .. A SHOWER OR TWO IN COOMA, TOPS OF 9

LOOKING AHEAD .. AND FINE AND MOSTLY SUNNY TOMORROW WITH TOPS OF 13 .. // SHOWERS DEVELOPING THURSDAY .. // AND THE CHANCE OF SHOWERS ON FRIDAY. (NO SCRIPT NEEDED HERE.) This program is captioned live. Welcome back to Ten's Early News. Making headlines - rates warning. Mortgage holders in for another hike unless a cut in spending drives down inflation. Legal honour - a woman who left school at 14 to become the third female to sit on the High Court bench. Worksite tragedy - a cherry picker operator crushed against a bridge and killed as his machinery surges out of control. And in sport - the Cowboys into the top four on the NRL ladder with a remarkable golden point win over the Panthers. Grim news for home buyers - the Reserve Bank hinting another interest rate rise could be on the way. And the future is no rosier for those wanting to break into the property market

with housing affordabilty hitting a new low. Finding the rent each week is hard going for single mother of two Roseanna Harris. What's the rent on a place like this? $260 a week.

$260? MAN: That's a big hit, isn't it? Yep, yep. Especially because I'm not getting maternity leave at the moment. Over a cuppa, Kevin Rudd outlined his $600 million plan to provide 50,000 rental properties for low-income earners. Investors will receive $8,000 a year in tax and other incentives to build new dwellings

and rent them out at 20% below market rates. You're effectively going to get $50-plus off each week. The Treasurer dismissed the idea. It's terribly inefficient and, as a tax matter, delivers principally the benefits to developers, not to renters. The Labor promise comes as new figures show housing affordability has hit a new record low. And for those who can afford to break into the market, the news is also bleak - the Reserve Bank lifting its inflation forecast to 3%. That's classic code from the Reserve Bank

that we're on the knife edge of another rate rise. Most economists think any rise will come after the federal election. Leonie Mellor, Ten News. A woman who left school at 14 has achieved one of the highest honours in Australian law. 53-year-old Queenslander Justice Susan Kiefel has been appointed to the High Court. It makes her the third woman to sit on the High Court bench. Queensland Premier Peter Beattie has welcomed the appointment saying she's widely respected in the state judiciary and legal profession. Justice Kiefel will take up the position on September 3. A man has died in a freak work accident in Brisbane. He was operating a cherry picker when the machine suddenly surged out of control and crushed him. The work gang was carrying out late night maintenance work on an overhead highway bridge suddenly raised itself. when the machine It began to move upwards and one of the workers was trapped, crushed to death and the cherry picker. between the bridge serious injury by lying on the floor. Another workman in the bucket escaped Shocked colleagues of the 56-year-old victim told police they tried to stop the cherry picker, but couldn't save their team leader. By operating it remotely from below to release him, but not in time. Meantime, the driver of this party hire truck has survived to tell the tale after gas bottles in the back suddenly exploded. We saw the gas bottle was on fire so we just cleared everybody out of the way

because we knew there was other ones on there and there was nothing we could do to it. Windows in nearby homes were shattered by the blast. Most of the windows had been shattered. The top had been blown off the toilet. Tim Collits, Ten News. A 46-year-old man has been shot in the legs during a home invasion in Melbourne. The man has serious, but non-life-threatening injuries. Three men wearing balaclavas entered the man's Werribee home. A fight occurred,

before the victim was shot in both legs with a small handgun. Police are still looking for the three suspects.

Calls to ban mobiles phones from schools to cut videos of playground attacks being posted on the internet have been rejected. New South Wales Education Minister John Della Bosca has refused to ban phones on school grounds saying most students use them appropriately. But more cases are being reported, including one earlier this year where phones were used to urge 40 teenage girls to take part in a mass brawl. A love-struck farmer, almost killed after being lured to Africa through an internet dating service,

has warned others of making the same mistake. 56-year-old Des Gregor travelled to Mali last month to meet his supposed bride and collect a dowry of $100,000. Instead, he was held hostage for 12 days

and beaten with a machete by his captors. He's vowed to look for love closer to home. One of George W. Bush's top advisers has quit the White House after months of scandal. Karl Rove was seen as the architect in the President's two election wins but recent controversies, including the public naming of a CIA agent and the sacking of federal attorneys, will see Rove step down at the end of the month. What was meant to be some holiday fun has brought a young man close to death. A 27-year-old is recovering in hospital after jumping 30 metres into the water, the impact knocking him unconscious. The stone arch of Durdle Door, one of Dorset's most famous landmarks. In the weekend sunshine youngsters were tombstoning into the sea. But one man in his 20s went further - much further. 100ft to the top of the arch, encouraged by his mates to leap. BOY: Jump! MAN: Don't be a prat. The last voice was that of Stephen Starr who was on the beach with his video camera. He switched off, thinking the man was just pretending. I didn't think he was going to jump because it was so obviously that just common sense would say to you, "Don't jump." But seconds later the man did jump.

Holiday-makers waited for him to resurface. But he didn't appear. After an anxious few more seconds they raced into the water to try and save him. They found him 4m below the surface, unconscious and bleeding. The man was airlifted to hospital where he's out of danger. But the Coast Guard says he had a miraculous mistake and this should be a warning to others. The North Queensland Cowboys over cellar dwellers Penrith overnight.

The visitors scoring three tries in just eight minutes to secure their first win in Sydney this season. It was a game that looked all over for the Cowboys until Matty Bowen and Jonathan Thurston turned up the heat. The duo combining to help the Cowboys arrest a 10-point deficit with eight minutes to go.

Thurston then adding the golden touch to a magic extra-time victory. COMMENTATOR: Graham for the line... ..and the Cowboys win! We just kept the faith - and when you've got fellas like J.T. and Matty something can be pulled out you know that and they did it. Bowen's contribution was also felt in defence while his team-mate was a little more reckless. Sione Faumuina placed on report for this shot on Luke Priddis, a tackle the Panthers believe warranted further action. Well, Luke Priddis had to go off the ground, mate. It's a simple as that. If he has to leave the ground then so should he. It was blatantly around the head. Steve Southern is in doubt for next week after injuring his shoulder.

The Panthers' capitulation virtually ensuring them the wooden spoon with just three rounds remaining. You saw the reasons why we're on 14 competition points at the back end of the game. Scott Mackinnon, Ten News. The Western Bulldogs can go ahead with plans for a farewell game for champion Chris Grant. The veteran has been cleared of any serious damage to his injured knee. The feeling is that the cartilage so far is all in good nick which is a real relief for me. Meanwhile, AFL legend Wayne Carey has apologised to Kangaroos forward Nathan Thompson, after criticising his battle to beat depression. Discussions will continue today over player curfews for the upcoming Rugby World Cup. A curfew imposed from up above or somebody else wouldn't be warmly received by the players. I don't think, quite frankly, the new regime at the ARU would be keen to implement something like that. Both Dunning and Tuqiri are expected at today's discussions. India have secured their first cricket test series in England

in 21 years after the final test at The Oval ended in a draw. Kevin Pietersen top scored for England with 101 runs but the home side eventually fell 131 short of their 500-run fourth innings target. COMMENTATOR: The Indians celebrate the first time they've won a test series in England since 1986. India has won only two other test series in England in the past 75 years. Our final check of finance now and Kellie, how is the market looking? Wall Street has recovered some ground it lost last week. Central banks around the globe have injected additional funds into the market which has gone a long way in cooling fears about the US credit crunch. The global credit crunch has spread to Australia with one lender jacking up its rates to almost double that of last week's RBA-sanctioned interest rise. Bluestone, which has $3 billion in loans on its books, cited US-lending jitters for its decision to lift its lending rates by between 17 and 55 basis points. It told customers, many of whom have prior credit problems, similar to those in the American sub-prime sector, the hike was needed to fund operational costs. Bluestone expects the nation's big four big banks to follow suit.

Qantas is bracing for a multimillion-dollar fine for its alleged involvement in a freight price-fixing scandal. It's set aside $47 million in this year's accounts to cover a potential bill from North American regulators over claims it colluded with other airlines to fix surcharges on flights to the US. Korean Air Lines and British Airways have already been hit with penalties totalling $700 million. The Flying Kangaroo is this week expected to announce And that's the latest in finance. Elvis fans in Japan are rocking and rolling ahead of the 30th anniversary of the king's death this week. The Elvis impersonators came out in force and there was no shortage of hair gel or sideburns.

The Japanese women also got in on the act wearing poodle skirts and pony tails. But the true die-hard Elvis fans have already made their way to Memphis for the big event this Thursday. Now for a look at the national weather and for the rest of the day. Let's look at the diary. A quick recap of the morning's top stories - freak accident. A road maintenance worker killed as his cherry picker surges out of control. Rate fears - mortgage holders told to brace for another interest hike following higher-than-expected inflation figures. And calling it a day - the man behind George W. bush's two election victories quits the White House. That's it for Ten Early News. Don't forget 9am With David and Kim, the morning news starts at 11:00 and we'll wrap up the day in the Ten News at 5:00.

I'm Frank Coletta, 'bye for now. And I'm Kellie Morgan. Good morning. Supertext captions by the Australian Caption Centre. www.auscap.com.au