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Ten Early News -

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Hello, I'm Kathryn Robinson. I'm

Matthew Franklin Coletta. Welcome to

to Ten's Early News. Honeymoon over

for the Government. Education

revolution under threat. Global condemnation as Robert Mugabe is

sworn in again as Zimbabwe's

President. Borrowers likely to be

spared rate pain when the ABA meets

this week. In sport - Australia

flash Spain to claim the hockey

champion's trophy in Rotterdam. $$NEWLINE $$NEWLINE

To the markets, Matthew Franklin,

traders keen to get this year

behind them. Right. It's been -

it's the last day of the financial year, one of the worst juns on

record. Stocks slipped, the Dow

crossing into (air market as record

high oil -- bare market as record

high oil prices. The Dow Jones

losing 1% to end the more than a

21-month low. Energy and mining stocks

stocks propping up the FTSE, the

only one leading off. A dark day

for the Asian markets.

higher. Hang Seng - a three month low. Oil

A strong dollar.

Our market down 1.3%. A flat start

expected if we take a line through

the SPI futures. Coming up, a look

back at the business year that was,

it wasn't good. No, it wasn't. The NSW

NSW Government is threatening to

derail Kevin Rudd's computer in

schools plan unless it receives an

urgent funding upgrade, the state

saying it needs $245 million over

four years if it's to take part in

the scheme. Treasurer Michael Costa the scheme. Treasurer Michael Costa

suggested to his Federal

counterpart Wayne Swan the funds be

made available in a secret side

deal. They are expected to

negotiate at this week's COAG

meeting in Sydney. Kevin Rudd calls for a national child protection

system following a series of

neglect cases. Meantime the

honeymoon appears over for the Rudd

Government. A drop in Labor's primary

primary vote in this weekend's

Gippsland by-election is seen, in

part as voter backlash against the

rising cost of living Mr Rudd has

to face up to the fact that you

can't go around the country

promising all kinds of things and

not delivering. The Prime Minister

says his Government made tough

decisions for Australia's future

which haven't been popular. A

defiant Robert Mugabe has been worn

in as President of Zimbabwe. For in as President of Zimbabwe. For

another five years after an

election in which he was the only

candidate. Mr Muinga be a is now

preparing to fly to -- Mugabe is

now preparing to fly to the Cavan

union summit. Zimbabwe's horror

story is complete. The final

murderous chapter written today after a

murderous campaign and farcical

voting process, Robert Mugabe was

declared his country's President

once again, sworn in at a hastily

convened ceremony at Harare's convened ceremony at Harare's

State house. Mugabe more than

doubled his vote from 42% three months

months ago to 86% now. The world

knows how he did it - torture,

murder, intimidation. Working

inside Zimbabwe this week we saw

evidence of those tactics

first-hand - whole families, men,

women, young and old beaten, burned

and worse. But he doesn't care. As

far as he's concerned this passes

for legitimacy and a ticket to

another five years. Even the another five years. Even the

hand-picked observers Mugabe

invited in to monitor the election

process suggested he has murdered

his way to the presidency. Mugabe's his way to the presidency. Mugabe's

first presidential engagement a

trip to Egypt to join leaders at a

summit. He needs to win his old

friends over. After the bloodbath

the champ offensive starts here.

Qantas engineers will return to the bargaining

bargaining table in a bid to break

the stal mate in their pay dispute.

40 domestic flights were cancelled 40 domestic flights were cancelled

as maintenance walked off the job

around the country, they'll speak

to management hoping for more than to management hoping for more than

a 3% increase on offer. The union

hasn't ruled out further strikes if

a deal is not reached. Doctors have

not woken Graham Polak from a

medically induced coma, he suffered

bruising to the brain when struck by

by a tram Saturday night. He's in a

critical but stable conditionle

It's unquestionable he won't play

this season. Longer term, beyond

that we'll have to wait and see.

Polaks mother and brother flew in

from Perth to be by his bedside. from Perth to be by his bedside.

Queensland drivers could face 30

new fixed speed cameras, 7 people

died on their roads. The Government

may convert red light cameras to

catch speedsters. How will they

stop it, Queensland Police are

looking for answers to the growing

Road toll, 156 people dying this

year. Seven over the weekend. This

has been a particularly

disappointing period. The causes of

the five crashes are still being investigated,

investigated, nevertheless the

Government may now look at converting 30 red light cameras

used at more than 100 locations. They can serve a dual purpose.

Speeding is a common factor we

identify with traffic crashes.

Traditionally the June/July school holidays are dangerous in

Queensland, there's been 4,000

crashes, 79 deaths in that period crashes, 79 deaths in that period

in the last five years. It's a race

without an ending, clearly we are

concerned with respect to people

not heeding simple advice. New

measures to fight the toll will be

discussed by Cabinet this week. The

daughter of National Party MP

Andrew Fraser has been injured in a

fire that destroyed the family home.

27-year-old Elizabeth Frazer 27-year-old Elizabeth Frazer

suffered burns to her foot and

smoke inhalation as she tried to

put out the blaze. The fire at the

property in Northern New South

Wales was started by a bar heater,

causing extensive damage, the home

likely to be demolish. Children

today are happier and better

behaved than they were 20 years ago,

according to a new study. The

Australian Institute of family

studies surveyed 10,000 families

comparing results to a similar

study in the 1980s, it found kids

today are less aggressive and

destructive and more social. The

findings go against concerns we are

producing a generation of children

under stress from the demands of

modern society. Kylie Minogue will

be awarded her OBE during a lavish

ceremony at Buckingham Palace next

week. The 40-year-old will receive

the prestigious honour for her

services in the industry. She won't

meet the queen face to face, Prince

Charles will instead present the

award. NRL and the Wests Tigers

to went down in a two-point thriller

to the Warriors at Leichardt.

Parramatta on the better side of a

depleted Melbourne Storm. deficit. With Victoria over a

After 80 minutes of football, Brett Hodgson it was up to Wests Tigers skipper to take the game to golden point. COMMENTATOR: It's coming, he's missed to the left. it's not going to make it, though - That is full-time. He at least saw the lighter side. I spoke to Hodgy after the game and he goes... he missed that kick for me and I said, "No, don't lie." there was a positive for the Tigers Despite the loss, with Benji Marshall reviving memories of the 2005 grand final. COMMENTATOR: Now he puts the foot down, the flick pass back on the inside to Tuiaki. Benji Marshall, where have you been? Taniela Tuiaki! That is Benji magic. In the other Sunday clash, the Parramatta Eels fought back from a 10-0 deficit to beat an Origin-depleted Melbourne Storm. Their coach Craig Bellamy in happier times at Origin duty, his Blues five-eighth Braith Anasta successfully training on his injured ankle. The team is focused on sending skipper Danny Buderus out a winner. To get a win for him would be something pretty personal for myself - at the end of the game. Adam Thompson, Ten News.

Australia is on the top of the

world hockey after thrashing Spain

in the final of Hockey's Champions

Trophy. The Kookaburras, with three unanswered unanswered goals in the second half

to win a trophy for a

record-equalling ninth time. It's a

great save. Through the Spanish

defence. The win is hailed as

excellent preparation for the

Beijing Olympics. Australia's Troy

Bayliss retained his lead at the

top of the super bike standings despite

despite two disappointing results

in San Marino, dualing the lead

with Corser for much of race two

before losing the lead to Spaniard

Ruben. His first win of 2008. Ruben

does it. Excited there. Zous winning

from his team-mate. Baylis finishing third .

Nothing here to get excited, grim

outlet for the market. Could have

done himself a mischief. It's a

warning, the financial year

shudders to a close, it's been the

worst financial year in 26 years,

investors are told to embrace for

more pain. Economists and fund

managers warning of further

declines as the economy continues

to slow, the price of oil hitting

new highs, the US edging towards

recession. The S&P ASX 200 expected

to finish with a below par. It will be

be the worst performance since 1981,

the worst June in more than 50

years. This could be better news,

the RBA holding its monthly board

meeting but expected to keep

interest rates steady, 7.5%,

analysts say it's likely to stay on

the sidelines as it monitors the

effect of rate hikes on economic

activity. Figures point to a

cooling economy, lower demoond and

the RBA will -- demand and the RBA

will by attention to credit figures.

Publishing and valued at 0. They Publishing and valued at 0. They

have slashed earnings forecast for

PBL to reflect the weakening in the

television, advertising market.

Much of PBL's $2 billion in equity

have whittled down, debts at $4.2

million. CVC Pacific is partly held,

and 25% held by James Packer's

media interests. To the national weather details now:

to the newspaper headlines now.

Kevin Rudd has ruled out delaying an Emissions Trading Scheme behind 2010.

Cuts to State payroll and nuisance

taxes over the next four years.

NSW Treasurer tried to broker a NSW Treasurer tried to broker a

funding deal with the Federal

Government over the computer in

schools program.

Children as young as eight caught

dealing drugs - we'll have the

details when the early news returns.

You are watching Ten's Early News,

making headlines - under threat,

NSW vows to pull out of the

Government's computers in schools

program. Robert Mugabe sworn in as

Zimbabwe's President, as calls

mount for global intervention.

Cowboy culture, a report into the

fatal Black Hawk crash points to

risk taking in the Army. And in

Sport - Parramatta sneak into the

top 8 of the NRL with a narrow

victory over Melbourne. Here is

Matthew Franklin with a look of the

markets. Thank you, June 30, a

special day for some, one of the

worst June trading months on

records, for analysts and the

experts hopefully it will be behind

them, the Dow dragged into a bare

market. It may be the start tore

investors. The average losing 1%. Ending

Ending at a 21-month low. Energy

and mining stocks propping up the

FTSE. A bad day on Asian markets.

Worse for the Hang Seng. A 3-month

low. Oil slightly higher this morning.

A strong dollar.

Our market down 1.3%, and a

Coming up, which State is about to

get stamp duty relief. Sounds good. Kevin Rudd's education revolution

is under threat. It's been revealed

NSW is vowing to pull out of the

computers in schools program if it doesn't receive millions in Federal

funding. The honeymoon appears over

for the Government, also reeling for the Government, also reeling

from a voter backlash in the Gippsland by-election.

Kevin 07's election euphoria is fading. ALL: We backed you, now back us! Union protesters greeted the Prime Minister and his ministers in Mackay as they arrived for a community cabinet meeting. They've made a lot of promises and delivered very few. While most braved the gauntlet, the PM chose a discrete back door entry, still smarting from the Gippsland by-election

where it seems seven is no longer Kevin Rudd's lucky number. It's an extraordinary result to have a 7% swing against Mr Rudd

only seven months after he has come to election. What the people of Gippsland have done tonight is to send a clear message to Kevin Rudd and his government. And while the poll was billed as a test of Brendan Nelson's leadership, the winner says it was really all about local issues.

The people of Gippsland wanted someone who was going to stand up for them rather than just take orders from the Rudd Government. From Gippsland to Mackay, voters want more done to fight the rising costs of living. Break the seeming cartel between Coles and Woolworths and the ridiculous prices of groceries. Mr Rudd admits household budgets are tight. The Government's elected to take tough decisions for the future, and that means there'll be political setbacks on the way. Brad Hodson, Ten News.

Robert Mugabe has been sworn in as

Zimbabwe's President for another five

five years. Mugabe was the only

candidate in the presidential

run-off after Opposition Leader

Morgan Tsvangirai pulled out

because of escalating violence

against his supporters, a hastily

organised inauguration ceremony

confirmed Mugabe's sixth term as

President, extending his 28 years

in power. Back home - a report into

a fatal helicopter crash off Fiji

in 2006 blamed a culture of

aggressive flying and risk taking

in the Army's helicopter unit. Mark

Bingley and Josh weigh Porter were

killed when their chopper collided

with HMAS 'Can imbla' an inquiry

found safety procedures were slack

and breaches not always reported. A

man that killed three of his

children and himself on the NSW

coast led a secret double life,

it's been revealed 44-year-old Gary

Bell was named Gary Pockson,

abandoning another family,

including several children. A boss

said he was on the run from a

previous relationship, where he

fathered four or five children and

was a heavy drinker. More than 50

children aged under 10 are being

arrested in NSW every week from

everything from armed robbery to

drug dealing. In a 2.5 year period

were from 2005 close to 8,000 offences

were committed by children. That

included more than 100 driving

offences and more than 30 sexual

assaults by 8-year-olds. By law

children under 10 in NSW cannot be

charged or face court. The condition of AFL player Graham condition

Polak improved to serious, but stable.

stable. His family are maintaining

a bedside vigil after the Richmond

offender was hit by a tram on

Saturday. Graham Polak's mother

Judy and three brother flew from

Perth to see the 24-year-old. Hours

after a tough game against Carlton

he was hit by a tram Graham

sustained a brain injury. Doctors

put Polak in a medically induced

coma, team-mates were stunned when

they heard the news. Shocked, I

don't know the details. Polak rr

had been at a club function with

Jordan McMahon and cleave Hughes.

They were running for a taxi across

the intersection when the he was

hit. He beat the car traffic but hit. He beat the car traffic but

didn't see the tram. His long term

health is the club's priority. It's

unquestionable he won't play this unquestionable he won't play this

season, longer term beyond that

we'll have to wait and see. Australia will today be we'll have to wait and see.

Australia will today be officially

declared free of equine influenza,

the Government saying Australia is

one of the few countries to

eradicate EI and will lift the

final regulations today. Racing

authorities are pushing for

vaccination against the disease

which brought the horse industry to

a halt last year. Brisbane's finals

chances have suffered a blow after

the Lions were beaten by bottom

side Melbourne. The Demons enjoyed

an afternoon to remember with

emotional scenes following their

shock one-point win. It was one of

the upsets of the season. Siren

goes. And the Demons have won for

the second time this year. They the second time this year. They

celebrate with the fans. For the

first time in 10 years the Demons

beat Brisbane at the MCG. Emotions

running high as Jim Stynes enjoyed

his first win as chairman. The

result was highly unlikely when

Daniel Bradshaw stole back the lead.

The Dee's were 11 down, 4 minutes

to go, Miller moving the match winner. for a 1-point win. Melbourne hung on The desperation

around the footy, in amongst all those 18 players it could have gone either way, very committed right to the end, but I thought the players were

which was good. Essendon copped an early blow And in Perth, suffered a suspected broken finger when defender Dustin Fletcher in the game against Fremantle. That wasn't enough their third victory in a row. to stop the Bombers enjoying Adam McNicol, Ten News.

The Parramatta Eels have snuck home

against a Melbourne side who were

without nine of their origin stars.

The Storm got away to an early lead,

the Eels coming back to post a

2-point win. The important thing is

we have the two points, we'll

during forget about the game, work hard

during the week and go again next

week. In Sunday's other clash the

Warriors defeated the Tigers 28-26.

Shane Watson and Ricky Ponting are

at the crease as Australia look to

wrap up the five-match series

against West Indies, Watson

bringing up his first one-day international century with a

boundary. Well played, first ever

one-day international 100. Earlier

Brett Lee became the fastest ever

bowler to reach 300 one-day

international wickets. Finance with

Matthew Franklin, more opposition

to the Rio BHP. Ner coming out of

the woodwork, or should it be medal

work. A leading steelmaker

slamented a merger between Rio

Tinto, and BHP, taking it all the

way to the European Union. Chorus,

Indian owned say the tie-up could

threaten competition, controlling

36% of the trade in iron ore which

sets the price used in contract

talks Rio rejected BHPs $200

billion hostile takeover bid. There

are predictions the price of oil

will hit 170 US a barrel before the year's

year's end. Political tensions over

Iran and the deappreciation of the

US dollar will send patrol to highs.

New York traded crude has traded

to $140 pushing petrol here to

$1.70. The piggest oil producers are

gathering -- biggest oil producers

are gathering in Madrid. Stamp duty are gathering in Madrid. Stamp duty

relief tomorrow in Queensland, in a

proposal brought forward 6 months

mortgage duty will go and stamp

duty reduced on all property valued

up to $590,000. A look at the

National weather details now:

The Aussie singer to be honoured with

with an OBE next. And the CommSec

finance report - when the early news returns, stay with us.

You are watching Ten's Early News,

making headlines - honeymoon over

for the Government. Its education

revolution under threat. Global

condemnation as Robert Mugabe sworn

in again as Zimbabwe's President.

Borrowers likely to be spared more

rate pain when the RBA meets this

week, and in Sport, Australia

thrash Spain to claim Hockey's

champion trophy in Rotterdam. A

weather check now:

Time for a check of the markets

with Matthew Franklin, traders

happy to put this year behind them.

Indeed, we wind-up the financial

year, stocks slipping ahead of the

close, the Dow crossing into bare

market territory as high oil prices,

a weak dollar and more financial

sector wos rattle investors. Dow

joins losing lom 1%. -- losing

almost 1%. A dark day for Asian

markets. Nikki hitting a 2-month low

higher. Hang Seng - a 3-month low. Oil is Hang Seng - a 3-month low. Oil is

A flat start on the cards if you

look at the SPI futures result. A

preview of the day ahead with

CommSec. The NSW Government is

threatening to derail Kevin Rudd's

computers in schools plan, unless

it receives an urgent funding

upgrade. The State says it needs an

extra $245 million over four years

if it's to take part in the scheme,

Treasurer Michael Costa suggested

to his Federal counterpart Wayne

Swan, the funds be made available

in a side deal. The pair is

expected to negotiate at this

week's COAG meeting in Sydney.

Meantime the honeymoon appears to

be over for Rudd Government's a be over for Rudd Government's a

drop in the Labor primary vote in

the Gippsland by-election is seen

as voter backlash against the

as voter backlash against the

rising costs of living. Mr Rudd

himself has now to face up to the

fact that you can't go around the country promising people all kinds

of things and not actually delivering.

delivering. The Prime Minister says

his Government has made tough

decisions for Australia's future which

which haven't been popular. A which haven't been popular. A

defiant Robert Mugabe has been defiant Robert Mugabe has been

sworn in as President of Sim rr for

another five years -- Zimbabwe for

another five years after an

election in which he was the only

candidate. Mr Mugabe is preparing

to fly to the African Union summit as calls are for global intervention. Zimbabwe's horror

story complete, the final chapter

written today after a murderous

campaign and farcical voting process,

process, Robert Mugabe was declared

the country's President against,

sworn in at a hastily convened

ceremony at Harare's State house.

Muing rr more than doubled his -- Mugabe more than doubled his photo

knows from 43% to 86% now. The world

knows how he did it, torture,

murder, intimidation. Working

inside Zimbabwe, we saw evidence of

those tactics first-hand. Whole

families, men, women, young and old

beaten, burned and worse. He

doesn't care. As far as he's

concerned this passes for

legitimacy and a ticket for another legitimacy and a ticket for another

five years. Hand-picked observers

Mugabe invited in to monitor the

process suggested that he has

murdered his way to the presidency. Mugabe's first presidential

engagement a trip to regipt to join

leaders at a -- Egypt to join

leaders at a summit. After the

bloodbath the charm offensive

starts here. Qantas engineers

return to the bargaining table in a

bid to break the stalemate in their

Pay dispute. 40 flights cancelled

last week as maintenance crews

walked off the job, they'll talk to

management hoping for more than a

3% increase on offer. The union

hasn't ruled out further strikes if

a deal is not reached. AFL player

Graham Polak's condition has

improved to serious but stable. He

suffered bruising to the brain

after being struck by a tram

Saturday night It's unquestionable

that he won't play this season,

longer term, beyond that, we'll

have to wait and see. Polak's have to wait and see. Polak's

mother and brother flew from Perth

to be by his bedside. The daughter

of National Party MP Andrew Fraser

has been injured in a fire that

destroyed the family home. destroyed the family home. 27-year-old Elizabeth Fraser

suffered burns to a foot and smoke

inhalation as she tried to put out

a blaze. It's believed the fire was

started by a bar heater, causing

extensive damage the home is

expected to be demolished. Children

today are happier, better behaved

than they were 20 years ago

according to a new study. The

Australian institute of families,

surveyed 10,000 families comparing

results to a study in the 1980s,

finding kids are less aggressive,

destructive and social. The

findings go against concerns we are

producing a generation of children

under stress from the demands of

modern society. Queensland drivers

could face dozens of new fixed

speed cameras following a tragic

weekend on the State's roads, 7

died and the Government may convert

red light cameras to catch

speedsters. How will they stop it?

Queensland Police are looking for

answer to the State's growing Road

toll. 156 people dying so far this toll. 156 people dying so far this

year, 7 over the weekend. This has

been a particularly disappointing

period. The causes of the five

crashes are still being

investigated. Nevertheless the

Government may now look at

converting 30 red light cameras

used at more than 100 locations,

they could serve a dual purpose.

Speeding is a common factor we joif

with respect to traffic cars. The

June/July school holidays are dangerous, there's been 4,000

crashes, 79 death insist that

period in the last five years. It's

a race without an ending, we are

clearly concerned with respect to

people not heeding simple advice.

New measures to fight the toll will

be discussed by Cabinet. Kylie

Minogue will be awarded her OBE

during a lavish ceremony at

Buckingham Palace next week, the 40-year-old receiving the 40-year-old receiving the

prestigious honour for services to

the music industry. She won't meet the music industry. She won't the music industry. She won't meet

the queen face to face, Prince

Charles instead presenting the

award. NRL and the Wests Tigers

went down in a 2-point thriller to

the Warriors at Leichardt Oval.

Parramatta on the better side of a

deficit with victory over the Melbourne Storm. After 80 minutes of football, it was up to Wests Tigers skipper Brett Hodgson to take the game to golden point. COMMENTATOR: It's coming, it's not going to make it, though -

That is full-time. He at least saw the lighter side. I spoke to Hodgy after the game and he goes... he missed that kick for me and I said, "No, don't lie." Despite the loss, there was a positive for the Tigers with Benji Marshall reviving memories of the 2005 grand final. COMMENTATOR: Now he puts the foot down, the flick pass back on the inside to Tuiaki. Benji Marshall, where have you been? Taniela Tuiaki! That is Benji magic. In the other Sunday clash, the Parramatta Eels fought back from a 10-0 deficit to beat an Origin-depleted Melbourne Storm. Their coach Craig Bellamy in happier times at Origin duty, his Blues five-eighth Braith Anasta successfully training on his injured ankle.

The team is focused on sending skipper Danny Buderus out a winner. To get a win for him would be something pretty personal for myself - to see him holding up the shield at the end of the game. Adam Thompson, Ten News.

Australia is on top of the world

hockey after thrashing Spain in the

final of Hockey's Champions Trophy.

The Kookaburras, with three

unanswered goals in the second half

to win the trophy for a

record-equalling ninth time. It was

a great save. Through the Spanish

defence. The win is hailed as

excellent preparation for the

Beijing Olympics. Australia's Troy Bayliss

Bayliss retained his lead at the

top of the Superbike Championship

standings despite two disappointing

results in San Marino, dualing the

lead with fellow Australian Troy

Corser for much of Race 2 before

leaving to Spaniard's Ruben Crose. Excellent

Excellent stuff. His first win.

Going on to win the race from

team-mate, Baylis finished in third place.

It's been the worst financial year

in more than two decades, with the

S&P ASX heading for more losses, S&P ASX heading for more losses,

more than 16%, I'm joined by Juliet,

not a good year. We are about to

put it behind us. What is the

outlet. There's likely to be bumps

along the road. Towards the end of

the year we should see signs in the

US economy is improving, which

should support our market the the

higher oil price creating less

fear, we are predicting the share

market will rebound by the end of

the year, reaching 6,000 points.

6.5% from where we are now. Is the market

market expected to follow Wall

Street's falls. It looks like a

flat start for the market. High

commodity prices supporting the

resource-laden market. It is the

end of the financial year,

volatility we could expect and

profit takers .

The Reserve Bank meets tomorrow,

but no movement is expected on

rates is that right. That's right

no movement on interest rates or

this month. All the data pointing this month. All the data pointing

to signs that the economy will slow.

The next test for the Reserve Bank

will be when we see inflation

figures released next month. If they

they are uncomfortably high we'll

be facing another late hike later

in the year, no move this week.

Juliet from CommSec. To the weather Juliet from CommSec. To the weather details now:

Let's take another look at today's

newspaper headlines now.

More on the condition of Richmond

player Graham Polak, who is in a

coma after being hit by a tram coma after being hit by a tram Saturday.

Lend Lease will have to pay $50

million to break Babcock & brown's

hold on one of its listed funds. A

spike in crimes committed by

children. - the details when the early news returns.

You are watching Ten's Early News,

making headlines - under threat -

NSW vows to pull out of the

Government's computers in school

program. Robert Mugabe sworn in as

Zimbabwe's President, as calls

mount for global intervention.

Cowboy culture - a report into the

fatal Black Hawk crash points to

risk taking in the Army. And in

sport Parramatta sneak into the top

eight of the NRL with a narrow

Victoria over Melbourne. Now for

our final look at the markets with

Matthew Franklin. June 30, the last

day of the financial year investors day of the financial year investors

and analysts saying good riddance

to it. The Dow crossing into bear

market territory dry, record oil prices,

prices, a weak dollar and financial

sector woes. A Dow Jones ending at

a 20-month low. Energy and mining

stocks propping up the FTSE, a gain of

of 11, falls elsewhere. Nikki with

a 2-month low, Hang Seng - 3-month

low. Oil is slightly higher. A strong Aussie dollar. Deaf deaf

A look at what the RBA may or may

not do come tomorrow. That's next.

I'm thinking may not. Kevin Rudd's

education revolution is under

threat. It's been revealed NSW is

vowing to pull out of the computers

in schools program if it doesn't

receive millions in Federal funding.

The honeymoon appears to be over

for the Government, also reeling

from a voter backlash in the

Gippsland by-election. Kevin 07's election euphoria is fading. ALL: We backed you, now back us! Union protesters greeted the Prime Minister and his ministers in Mackay as they arrived for a community cabinet meeting. They've made a lot of promises and delivered very few. While most braved the gauntlet, the PM chose a discrete back door entry,

still smarting from the Gippsland by-election

where it seems seven is no longer Kevin Rudd's lucky number. to have a 7% swing against Mr Rudd It's an extraordinary result only seven months after he has come to election. What the people of Gippsland have done tonight

is to send a clear message to Kevin Rudd and his government. And while the poll was billed as a test of Brendan Nelson's leadership, the winner says it was really all about local issues. The people of Gippsland wanted someone who was going to stand up for them rather than just take orders from the Rudd Government. From Gippsland to Mackay, voters want more done to fight the rising costs of living. Break the seeming cartel between Coles and Woolworths of groceries. and the ridiculous prices Mr Rudd admits household budgets are tight.

The Government's elected to take tough decisions for the future, and that means there'll be political setbacks on the way. Brad Hodson, Ten News.

Robert Mugabe has been sworn in as

Zimbabwe's President for another

five years. Mugabe was the only

candidate in the presidential run-off

run-off after Opposition Leader

Morgan Tsvangirai pulled out

because of escalating violence

against his supporters, a hastily

organised inauguration ceremony

confirmed Robert Mugabe's sixth

years in power. Graham poll ak's

condition improved from serious to

Polak condition has improved from

serious to stable. His family are

at his bedside. Graham Polak's

mother Judy and three brothers flew

from Perth to see the 24-year-old.

Hours after a tough game against

Carlton he was hit by a tram. He

sustained a brain injury, he has

bruising on his brain. He has been

put in a med Iry induced coma. I

don't know any details. Polak had

been at a club function with

McMahon and Hughes before disaster struck. Pollock and Hughes were

running for a taxi It's a wide rode,

he beat the car traffic but didn't

see the tram. His long-term health

is the club's priority. It's

unquestionable that he won't play

this season, and longer firm beyond

that we'll have to wait and see.

Qantas engineers will return to the

bargaining table today in a bid to

break the stalemate in their pay

dispute. 40 domestic flights were

cancelled last week as maintenance

crews walked off the job. They'll

speak to management hoping for

more than the 3% increase on offer.

strikes The union hasn't ruled out further

strikes if a deal is not reached. A

man who killed three of his

children then himself on the NSW

South Coast led a secret double

life. It's been revealed

44-year-old Gary Bell was named

Gary Poxon and had abandoned

another family including several

children. A former boss said he was

on the run from a previous

relationship where he fathered four

or five children and was a heavy

drinker. More than 50 children

aged under 10 are being rested in

NSW every week from everything from

armed robbery to dealing drugs. In

a 2.5 year period from 2005 close

to 8,000 offences were committed by

children. That included more than

100 driving offences and more than

30 sexual assaults by 8-year-olds.

By law children under the age of 10

in NSW cannot be charged or face in NSW cannot be charged or face

court. A report into the fatal

helicopter crash off Fiji in gich

has blamed a culture of aggressing

flying and risk taking in the

army's helicopter young. Captain

Mark Bingley and SAS trooper Joshua

Porter were killed when their

chopper collided with HMAS

'Kanimbla', an inquiry finding

safety procedures were slack and

breaches not always reported.

Brisbane's finals chances suffer a

blow after the Lions were beaten

yesterday by bottom side Melbourne.

The Demons enjoying an afternoon to

remember with emotional scenes

following a shock 1-point win. It

was one of the upsets of the season.

The siren goes. The Demons have won

for the second time this year. They

celebrate with the fans. For the celebrate with the fans. For the first

first time in 10 years the Demons

beat Brisbane at the MCG. Emotions

running high as Jim Stynes enjoyed

his first win as chairman. The result seemed highly unlikely stole back the lead for Brisbane when Daniel Bradshaw deep into the last quarter. with four minutes to go, The Dees were 11 points down Brad Miller proving the match-winner. Miller - Three in the first term today, that he's delivered, though, that's the most important one and Melbourne are back in front. for a 1-point win. Melbourne hung on The desperation around the footy, in amongst all those 18 players it could have gone either way, very committed right to the end, but I thought the players were which was good. And in Perth, Essendon copped an early blow suffered a suspected broken finger when defender Dustin Fletcher in the game against Fremantle. That wasn't enough their third victory in a row. to stop the Bombers enjoying Adam McNicol, Ten News.

Australia has just claimed victory

in their one-day international

series against the Windies, opener series against the Windies, opener

Shane Watson leading the run chase

with a maiden one-Kay international

century. Craze Gail maid a forceful

start, a 6 from the bowling of

Simmonds, his third bringing up the

huge captain's 50. He goes to 52 with a

huge 6. The half century coming at huge 6. The half century coming at

a run a ball before the unluckiest

of dismissals from the bowling of

the Mitchell Johnson. Deflected into

the stumps, Gail gone. Xavier

Marshall taking the score to 100,

before a diving catch from keeper

Luke ronky. Brett Lae claiming his

300th wicket becoming the fastest

ever bowler to reach the milestone,

the Windies all out for 233. Early

joy for the run defence, the

Captain Ricky Ponting in at the

crease. Good shot. Superb square

drive. Shane Watson reaching his

first one day international century

as Australia wrap up the series

3-nil. Finance now with Frank, and the reserve board meets tomorrow,

I'm hearing good things in store.

Let's bring you good news as we

wind up the financial year. The RBA

holding a board meeting tomorrow

and is expected to keep interest

rates steady at 7.25%, it is likely

to stay on the sidelines monitoring

the recent affects of rate hikes on

economic activity, figures point to

a cooling economy and demand to a cooling economy and demand to

private credit figures. Publishing

and broadcasting media valued at 0.

Fraser Mcleer slashed his forecast

to reflect the weakening in the TV

advertising market. $2 billion in

equity whited downed, debts of $4.2 equity whited downed, debts of $4.2

million. It's 75% owned by Pacific,

James Packer's media holdings

owning 25% stake. Lend Lease

moving to expand into the

retirementment home, it will have

& to fork out money to break Babcock

& Britain's grip on a fund. It's a

strategic stake in Babcock &

Britain facilities. From finance to

football. Something you'd be happy

about here. Financially Spain has

taken out the final of Euro 2008.

With a 1460 victory over Jeremy, a

brilliant first-half goal to

Fernando Torres giving Spain the

lead. Spain score first in the 2008 lead. Spain score first in the 2008

final of the European Championships.

It's their first major title since

winning the European Championships

weather details: way back in 1964. A look at the

that's it for Ten's early news, Kim

Kathryn Robinson, see you tomorrow.

And Tim fronk Colletteo, have a

great day. --