Note: Where available, the PDF/Word icon below is provided to view the complete and fully formatted document
Disclaimer: The Parliamentary Library does not warrant the accuracy of closed captions. These are derived automatically from the broadcaster's signal.
Ten Early News -

View in ParlView

(generated from captions) This program is captioned live. Good

morning, everyone. Welcome to Ten's

Early News. Mortgage funds thrown a lifeline - the Federal Government announces

announces they'll be covered by a

deposit guarantee if they transform

in to banks. A man to face court in

Queensland, accused of dousing a

woman and three children in petrol

and setting them alight. Australia

could play two spinners in the

third Test against India starting

this afternoon. Looking at finance

- Wall Street surges more than 3%

as the US Federal Reserve meets to

decide the next interest rate move.

The Rudd Government has thrown

mortgage funds a lifeline in a bid

to thaw billions of dollars in frozen savings. The PM has

challenged them to transform in to

banks which would allowthem to be

protected by the deposit guarantee

already and some investment funds are

already lining up. At a dinner in Melbourne the bank deposit guarantee, the Prime Minister defended investment funds. which excludes market-linked in good conscience, No Government can, to support financial institutions put tax-payer dollars at risk and properly accountable which are not open, transparent, Australian regulator. to the relevent to the Government guaranteed banks, To stop investors fleeing have frozen accounts. some managed funds funding to its regulators The Commonwealth will now boost to applications to allow them to respond quickly authorised deposit-takers. from funds wishing to become to the successful application Subject of these financial institutions - the prudential standards - which means meeting by the Government guarantee. they will, of course, be covered rushed and bungled decisions - We can't afford to have any more to be rushed and bungled swift and decisive turned out the price for that. and a lot of people are paying with the right policy decisions, The Prime Minister says to remain optimistic there's every reason about Australia's economic future. his own brand of optimism. And even Peter Costello offered we than we were three months ago. We're closer to the bottom than Three months ago, the scale and ferocity few would have predicted markets that we see today. of the dislocation of financial Murray McCloskey, Ten News.

Eight teenagers have been injured,

three critically, in a car crash in

Melbourne's south-east. Police say

the teens were travelling in the car

when it lost control and struck a

power pole on the Princes Highway

at Clayton early this morning.

Emergency crews had to free them

from the mangled wrej. The female driver

driver and some teenageers were rushed to hospital. Two police

officers are in hauptsdz after

crashing their car this morning in

Black-- Blacktown. The driver lost

control and hit a traffic light.

Both officers had to be cut from

the car and were taken to hospital

with multiple injuries. Jails

across NSW are in lockdown after

prison officers walked off the job

overnight. Inmates have been locked

in their cells for traffic hours as

workers protest against the

Government's privatisation plans.

Union officials claim selling off

jails will compromise safety. A

protest rally will be held outside

State Parliament this morning. A

mother and her three children have

been doused in petrol and set

alight in their Cairns home. The children's father will face court

charged with attempted murder and

arson. The end room over here was ablaze. The flames were ablaze. The flames were horrendous coming

coming out of it. Quite remarkable

for what a brick venear house would

have in it. As firefighters contained the blaze, police

suspected something more sinister

had occurred. A 28-year-old man has

apparently doused the house and

other occupants with fuel. A woman other occupants with fuel. A

and two young children have been

taken to hospital. The mother and

children were rushed to hospital

and treated for minor burns. A man

will face a Cairns court today

charged with attempted murder and

arson. Australian scientists say

they've found two new drugs which

can stop the growth of fat cells.

Tissue engineers at a Melbourne

institute have discovered fat cells

that can be stopped and two drugchise can stop them. The drugchise can stop them. The drugs

need to be tested on rats first to

find out if they can be used to

Karadzic treat obesity in humans. Radovan

Karadzic has appeared at a pretrial

hearing at the War Crimes Tribunal. He's complained the process is

going too fast. He hasn't been able

to assemble a legal team. Karadzic

has been denied, has denied the charges during the Bosnian war

charges during the Bosnian war of

1992 to 1995. Chicago police are

exampening two crime scenes as they

investigate the murders of Jennifer

Hudson's mother, brother and nephew.

An autopsy will be performed today

on the body of seven-year-old

Julian King. He was found Julian King. He was found yesterday

in a stolen SUV in Chicago. Police say

say the boy was shot. They hope say the boy was shot. They hope the autopsy

autopsy will reveal when he died.

The discovery ended a frantic

search for the boy who was missing

since Friday and now leaves Chicago

police with the triple homicide to

solve. The singer's mother and

brother were found shot to death in

their family home last week,

sending shockwaves across the

Southside neighbourhood where the

Hudson family has lived for decades.

Police believe the murders are Police believe the murders

family related. The boy's family related. The boy's estranged stepfather is being held for

questioning but he has not been

charged with crime. He's a person

of interest but that's not to say

there may be other individuals that will

will turn up. Hundreds of

well-wishers had been gathering to

pray and show their support outside

the home. I feel sorry for her.

Hudson is coming to grips with

losing three family members in such

a brutal way. She had the support

of family and friends when she identified her mother and brother

over the weekend and her nephew

yesterday. After surviving the

devastating Chinese earthquake five

months ago, panda cubs are growing

up healthy and happy. The cubs have

been named Pingping and Anan,

meaning safe and prosperous. The

only panda twins to be born this year. They're a triumph.

Spinner Jason Krejza could become

the fourth player in as many Tests

to make his Test debut against

India this afternoon. A kick about

for the tourists as they finalised

preparations. Still unclear, though,

who will be getting the boot. Could

be one, two, could be be one, two, could be whatever.

Yeah. He's definitely in the

reckoning. Spin is a definite

option for us. Krejza and White

both included but Peter Siddle misses out after Clark recovered

from an elbow injury. Harbahajan

Singh is being given just before

the toss to prove his fitness. The

Aussies not too concerned with

their opponents' line-up. Mishra

did a pretty good job. Harbahajan

has good record against Australia.

He's a very good bowler and I

believe he's got a sore toe or

something. We'll be ready for any

time they produce on the day. With

Australia's top order faltering,

the reverse swing is in the back of

the tourists' minds. I think the Indians outbowled us with the

reverse swing in the last Test and

it's up to our batsmen now if

that's what's going to happen for

the remainder of the series, the batsmen have to play better.

Victory the only option if the

Aussies are any hope of winning the

series. Robbie Deans will name his Wallabies side to take on Wallabies side to take on New

Zealand in the fourth Bledisloe Cup

match in Hong Kong. Drew Mitchell

likely to replace Lote Tuqiri on

the wing, while Brown and Dean Mumm

expected to come in to the forwards.

Jonathan Thurston has been cleared

of any major damage to his shoulder

and is expected to play against

England in Melbourne after

overcoming the injury. He will remain with the squad after talking

with family members in Queensland,

following the death of his UNal. It

had been thought he may have pulled

out of the World Cup and return

home. Kurt Gidley will miss the

rest of the tournament after suffer

agknee injury against New Zealand.

Another rate cut likely in the US?

That's rights. Hopefully it

delivers some sort of relief. The US Federal Reserve officials have

begun a 2-day meeting and it's

widely expected they'll decide to

slash the official cash rate. Ben

Bernanke arrived for the 2-day

talks in Washington where Fed

chiefs will assess the overall

situation. The Fed lowered interest

rates to 1.5% in an emergency move

earlier this month. An announcement

will be made early tomorrow morning

Australian time. Now a quick look at the markets:

Qantas has agreed to pay a $20

million fine for price fixing. The airline has apologised unreservedly

for fixing fuel surcharges on

freight flights between 2000 and

2006. It's the second biggest fine

for price fixing enforced by the for price fixing enforced by the competition watchdog in Australian

history. The ACCC is also pursuing

British Airways which is believed

to have been fined $5 million for

similar conduct. Business

conditions have slumped to a 7-year

low. The latest National Australia

Bank survey show as sharp drop in

business conditions and confidence

in the September quarter, to levels

not seen since 2001. Economists say

businesses are being hit hard by

the market volatility. Falling

wealth levels and uncertainty over

the global economic outlook. Let's

have a look briefly at other finance news.

Wert around the country: -- weather around the country..

Taking a look at today's newspaper

front pages. A thief who terrorised

two Asian students forced them to

jump off a balcony in Sydney jump off a balcony in Sydney and fled with less than $200. Governments around the world Governments around the world have warned of more economic weakness

and market turmoil from the credit

crisis. The 'Sydney Morning Herald'

reveals SA supposed -- essays supposedly written by Julie Bishop

and Brendan Nelson in a new book

were actually compiled by their

speech writers. Cate Blanchett

walks a green carpet for a good

cause when the Early News returns.

This is Ten's Early News. The Rudd

Government throws mortgage funds a

lifeline in a bid to thaw billions

of dollars in frozen savings.

Eight teenagers injured, three

critically, after their car veers

off a road and ploughs into a power pole in Melbourne. Cate Blanchett

walks the green carpet in Sydney, supporting

supporting a world documentary by

Australians on climate change.

Quants to pay a $20 million fine

for freight price fixing. But first

the Government says some investment

funds are already lining up to

apply for banking licences in order

to be covered by the Government's

deposit guarantee. Kevin Rudd deposit guarantee. Kevin Rudd says

funds which are willing to submit

to greater scrutiny from corporate

regulators can qualify for protection. The Government will allocate ab extra $83 million to

the Prudential Regulation Authority.

Subject to the successful

application of these financial

institutions, which means meeting

the relevant prudential standards,

they will, of course, be covered they will, of course, be covered by

the Government guarantee. It's

hoped the move will help unfreeze

the billions of dollars in savings held by the mortgage funds. The new

poll has found the economy is

voters biggest concern for the

first time since the recession of

the early 1990s.

Eight teachers have been injured,

three critically, in a sinal three critically, in a sinal car

crash in Melbourne this morning --

single car crash in Melbourne this

morning. It seems the teenagers

were packed in to one vehicle?

That's right. It's a miracle no-one

was killed. There were eight

teenagers in the Mitsubishi Lancer

when the clashed in to a power pole

in Clayton. The female driver is in

a critical condition in hospital.

Two of the passengers are also in

critical conditions. One in a

serious condition. Those four

passenger husband to be cut from

the wreckage. It took the wreckage. It took ambulance

crews more than an hour to do that.

Four other passengers in the

vehicle are in serious but stable

conditions. Ben, do police know

what caused this crash? Look,

investigations are still

continuing, Tim, but they believe

speed was probably a factor. They

believe the driver lost control on

the highway and swerved across a

service lane before hitting the

pole. Obviously, with eight people

in the car, not everyone, if anyone,

was wearing a seatbelt. Police

cannot believe the stupidity of

some of those involved. With eight

young people in a car, it's amazing

that, given what's happened here

this morning, we're not knocking on

doors and notifying more people

that they've lost loved ones.

Alright, thank you, Ben. Ben Lewis

reporting there from Melbourne. A man

man will face court today after allegedly dousing a woman and three

young children in petrol and

setting them alight in Cairns. The

30-year-old mother suffered burns

to her hands and face, the children

ncluding a biby, were burnt on

their heads and arms. The

children's 42-year-old father has

been charged with attempt --

32-year-old father has been charged

with attempted murder and arson. A

Sydney woman will face court in

December. The court has heard Dean Shillingsworth may have been alive

when he was stuffed in a suitcase

and dumped in a pond in Sydney's

south-west last year. His body was

so decomposed, the cause of death

could not be recovered. A Sydney

hotel accused of serving gelato

accused of containing ficheies, a

test has not found any details. The

family who made it the accusation

have been tested to quash any

claims of sabotage. Young

Australians wanting to work in the

UK will soon find it easier and

cheaper under major revamps to

Britain's working holiday visa

scheme. 18 to 30-year-olds will be

allowed to hold jobs in their

chosen profession for the first two

years. Visas will also be about

$250 cheaper. US $250 cheaper. US presidential hopeful Barack Obama has played

down a plot to assassinate him in a

racist killing spree. He's back on

the campaign trail, rallying voters

in the key state of Pennsylvania.

These are the police mug shots of

Daniel and Paul. Two home town boys

from Tennessee who were, according

to Federal agents, plotting to

commit an appalling series of

racially motivated murders and the days proceeding the presidential

election. It's alleged they were

planning to kill 88 people,

including 14 African Americans by

beheading. It's alleged Barack

Obama was an intended targ. The man

planned to shoot him from their

truck. You know, look, I think what's

what's been striking in this

campaign is the degree to which

these kinds of hate groups have

been completely marginalised.

That's not who America is. That's not

not what our future is. Our future is what's reflected in this rally here today.

REPORTER: Does it worry you about

your own safety? I've got the your own safety? I've got the best

folk said in the world - Secret

Service. The closer he comes to

making history, the question and

the fear remains. Oscar winner Cate

Blanchett is back thin spotlight,

this time for the environment. The

actress walked a green carp td

overnight to support a world

documentary by Australians called

'Telling the Truth'. Really to celebrate the fact the presenters

Al gore trained in Sydney in '0 six

and in men, 180 of them in '07, have reached this incredible

milestone. The feature documentary

follows seven presenters personally

trained by the former

Al Gore -- Al Gore. Jason Krejza

and Cameron White are in the line to

play in the third Test. It could be

one, two, whatever, he's definitely

in the reckoning. I think the

wicket, looking at it, it's a bit

loose on the surface at the moment.

So that to me would indicate So that to me would indicate late

in the game it will start loosening

up even more. Spin's a definite

option for us. Harbahajan Singh

remains in doubt for India with a

toe injury. Australia's

International Rules team say they

much capitalise on their fitness

and physical strength. To beat

Ireland, the Aussies said they

would focus on the first Test .

There kill be a few incidents where

it will be close to being

borderline. We think one of our

advantageicise our tackling and

attack on the ball. That's

something we need to keep up to

keep level with the Irish guys.

Game 2 is at the MCG on Friday night. Former New Zealand rugby

league international Lesley

Vainikolo has been released on bail

after a nightclub incident in

England. Vainikolo who now plays

Test rugbyor England was arrested

at the weekend for allegedly

bashing, and has left a man bashing, and has left a man hurt

with head injuries. The Victory has

launched an ambitious plan to lure

Mark Viduka to the club. He's a Melbourne

Melbourne boy. That hopefully gives

you an inside runner. To have the V

Bomber here at the club would be a

fantastic asE. Viduka is currently

battling an Achilles injury. Wall

Street has surged overnight just

moments ago the Dow Jones was up

more than 400 points. The US

Federal Reserve will meet on

interest rates. With the latest ,

finally some good news. It looks

like the US markets have decided

to push away the negtf news that

came out earlier this morning.

Their consumer confidence fell to a

record low in the month of October. record low in the month of October.

Following the strong lead we saw

from Europe and everyone's just

hoping they will get a really big

rate cut from the Federal Reserve

tomorrow. What do you think that

will mean for our local market?

Here at home today I think we're

going to see a good session. We

have seen strong base metal prices

overnight and that always helps

miners. Also the fact the US market

has gone for a bit of a rally. I

think we're going to follow suit.

We saw good gains coming through

the energy sectser in the European

zone. Hopefully we'll be able to

lift on the back of that as well.

We've seen a one US cent jump in

the Aussie dollar in the last hour

of trade. It's up there around

63.81 US cents, that has to be good

for our market as well. That is

good news. Thank you for the update.

Thanks. Qantas has agreed to pay a

$20 million fine for price fixing. The airline has apologised

unreservedly for fixing fuel

surcharges on freight flights

between 2000 and 2006. It's the second

second biggest fine for price

sixing enforced by the competition

watchdog in Australian history.

Actor Paul Hogan is celebrating a

win in the Federal Court has he

continues to be investigated for

alleged tax evasion. The Australian

Crime Commission has agreed to pay

Hogan's legal costs incurred since

2006, believed to be around $5

million. The Tax Office's operation Wickenby is investigating whether

the 69-year-old funneled millions

The of dollars tine offshore tax havens.

The case will return to court in

December. And briefly, in other

finance news, James Packer has

hosed down speculation he may buy

back PBL at a bargain price as he addressed shareholders

To the weather - Brisbane 28 degrees:

Hollywood's A list pays tribute to

a film legend. Details when the

Early News returns.

Mortgage funds thrown a lifeline. The Federal Government announces

they'll be covered by deposit

guarantee if they tropbz form in to

banks. A man to face court banks. A man to face court in Queensland accused of dousing a

woman and her three children in

petrol and setting them alight. petrol and setting them alight. Australia could play two spinners

in the third Test against India

starting later this afternoon. Wall

Street surges more than 4% as Street surges more than 4% as the

US Federal Reserve meets to decide

the next interest rate move. The Rudd Government has thrown

mortgage funds a lifeline in a bid

to thaw millions of dollars in

frozen savings. The PM has

challenged them to transform in to

banks, which would allow them to be

guaranteed by the deposit --

protected by the deposit guarantee. At a dinner in Melbourne the bank deposit guarantee, the Prime Minister defended investment funds. which excludes market-linked in good conscience, No Government can, to support financial institutions put tax-payer dollars at risk and properly accountable which are not open, transparent, to the relevent Australian regulator.

To stop investors fleeing to the Government guaranteed banks, some managed funds The Commonwealth will now boost funding to its regulators

to allow them to respond quickly to applications from funds wishing to become authorised deposit-takers. Subject to the successful application of these financial institutions - which means meeting the prudential standards -

they will, of course, be covered by the Government guarantee. We can't afford to have any more rushed and bungled decisions - swift and decisive turned out to be rushed and bungled the price for that. and a lot of people are paying with the right policy decisions, The Prime Minister says to remain optimistic there's every reason about Australia's economic future. his own brand of optimism. And even Peter Costello offered we than we were three months ago. We're closer to the bottom than Three months ago, the scale and ferocity few would have predicted markets that we see today. of the dislocation of financial Murray McCloskey, Ten News.

Eight teenagers have been injured

in a car crash in Melbourne's

south-east. Police say the teens

were travelling in the car when it

lost control and struck a power pole early this morning. Emergency

crews had to free them from the

mangled wreckage. The female driver

and two passengers were rushed to

hospital with serious injuries. Two police officers are in hospital after

after crashing their car early this

morning in Sydney's west. They were

responding to an urgent call just

after midnight, when the driver

lost control and hit a object. A

mother and her three children have

been doused in petrol and set alight

alight in their Cairns home. The

children's father will face court

today charged with attempted murder

and arson. Crews arrived at the

house to find it well alight.

Noticed the end room over here was

totally ablaze. The flames were

horrendous coming out of it. Quite

remarkable for what a brick venear

house would have in it. As

firefighters contained the blaze,

police began to spect something

more sinister had occurred. Where a

28-year-old man has apparently 28-year-old man has apparently

doused the house and the other

occupants with fuel. A woman and

two young children have been taken

to hospital. The 30-year-old mother

and her three young children were

rushed to hospital and treated for

minor burns. A man will face a minor burns. A man will face

Cairns court today charged with

attempted murder and arson. Prison

workers will hold a protest rally

outside the NSW parliament today over the State's privatisation

plans. Officers walked off the job

last night, forcing prison

authorities to lock inmates in

their cells for 24 hours. Union

officials claim selling off jails

and outsourcing prisoner transport

will compromise safety. The NSW

premjure facing a fresh crisis with

a senior MP aaccused of abuse

agfemale staff member. Tony Stewart

is accused of abusing a staff

member. It followathise resignation

of Matt Brown last month after he

danced in his underwear in a State

Parliament office. Australian scientists

scientists say they found two new

drugs which could stop the growth

of fat cells. Tissue engineers have

discovered chemicals that tell fat

cells to grow and multiply in the

human body and have found two drugs

which can switch off the fat cell

growth. But the drugs need to be

tested on rats first to find fought

in they can be used to treat obesity

in humans. Chicago police are

examining two crime scenes as they

investigate the murders of actress Jennifer

Jennifer Hudson's mother, brother

and nephew. The boy's estranged

stepfather is in questioning but

has not been charged. An autopsy

will be conducted today on Julian

King. Police say the boy was shot.

They hope the autopsy will They hope the autopsy will reveal

when he died. The discovery ended

when he died. The discovery ended a

frantic such for the boy who was

missing since Friday and now leave

Chicago police with the triple homicide

homicide to solve. The singer's

mother and brother were found shot to death in their family home last

week, sending shockwaves across the

neighbourhood where the Hudson

family have lived for decades.

Police believe the murders are

family related. The boy's estranged

stepfather is in for questioning

but hasn't been charged with but hasn't been charged with any

crime. He's a person of interest.

That's newt say there won't be That's newt say there won't be

other individuals that will turn up.

Hundreds of well-wish hrz been gath

together pray and show their support. I feel sorry for her.

Hudson soo-s coming to grips with

losing three family members in such

a brutal way. She identified her

mother and brother over the weekend

and her nephew Julian yesterday. A

Hollywood who's who has turned out

to pay tribute to the late Paul

Newman. Jack Nicholson was joined

on stage by Tom Hanks, Billy

hand too. Crystal, and Julia Roberts was on

The annual event raises funds for a

children's charity started by Paul

Newman. Spinner Jason Krejza could

be the fourth player in as many

Tests to make his Test debut in the

third Test against India in Delhi.

The tourists finalise preparations.

Still unclear who will be getting

the boot. It could be one, two, it

could be kwhaufrb, yeah. He's definitely in the rec-- definitely in the rec-- whatever, yeah. He's definitely in the

reckoning. Spin is a definite

option for us. Krejza and White

could be included but Clark is in

now. Harbahajan Singh is being

given until just before the toss to

prove his fitness. The Aussies not

too concerned with their opponents'

line-up. Mishra did a pretty good

job. Harbahajan has a good record against

against Australia. He's a very good

bowler. I believe he's got a sore toe or something at the moment.

We'll be ready for any team they produce on the day. With

Australia's top order faltering,

the reverse swing is again in the

back of the tourists' minds. I

think the Indians certainly

outbowled us with the reverse swing

batsmen in the last Test. It's up to our

batsmen now, if that's what's going

to happen for the remainder of the

series, our batsmen have to play

better than we did last week

against it. Victory the only option

if the Aussies are any hope of

winning the series. Robbie Deans

will name his Wallabies side to

take on New Zealand in the fourth

Bledisloe Cup match in Hong Kong.

The Aussie side has a rest day

today. Drew mitch sl likely to

replace the injured Lote Tuqiri on

the wing. Richard Brown and Dean

Mumm expected to come in to the

forwards for the dead rubber. Jonathan

Jonathan Thurston has been cleared

of any major damage to his shoulder

and is expected to play against

England in Melbourne. Thurston England in Melbourne. Thurston will

remain with the squad after talking

to his family members in Queensland,

following the death of his UNal. It

has been thought he might have returned home from the World returned home from the World Cup.

Kurt Gidley will miss the rest of

the tournament after suffer agknee

injury. Another rate cut likely in

the US? Hopefully it will provide some

some relief. The US Federal Reserve

officials have begun a 2-day

meeting and it's widely expected

they'll decide to slash the

official cash rate. Ben Bernanke

arrived for the 2-day talks in

Washington. The Fed lowered

interest rates by 50 points to 1.5%,

in an emergency move earlier this month.

month. An announcement will be made

early tomorrow morning time. early tomorrow morning Australian

Qantas has agreed to pay a $20

million fine for price fixing. The

airline has apologised unreservedly

for fixing fuel surcharges on

freight flights between 2000 and

2006. It's the second biggest fine

for price fixing enforced by the

competition watchdog in Australian history.

history. The ACCC is also pursuing

British Airways over which is

believed to have been fined $5 million for similar conduct.

Business conditions have slumped to

a 7-year low. The latest National

Australia Bank survey shows a sharp

drop in business conditions and

confidence in the September quarter,

to levels not seen since 2001.

Economists say businesses are being

hit hard by the market volatility,

falling wealth levels and

uncertainty over the global

economic outlook. And briefly, in

other finance news, after a

previous unsuccessful move on

Origin energy, Britain's BG Group

has made a bid for Queensland Gas. A look at the weather:

A look at today's newspaper front

pages. The neoNazi plot to

assassinate US presidential hopeful

Barack Obama in a racist killing

spree. BG Group's $5.six billion

takeover of Queensland Gas. takeover of Queensland Gas. Farmers

want the exceptional circumstances

drought relief system scrapped and

replaced with a new one to help

them adjust to climate change. New pictures of China's earthquake

News returns. panda cubs D. tails when the Early

NELSON. GOOD MORNING, I'M FIONA

SOUTHERN AREA HEALTH FIRST UP, THE GREATER FIRE, FOR NOT LOOKING OUT SERVICE, HAS COME UNDER

INTEREST. FOR THE COMMUNITY'S BEST 'HEALTH ONE COMMITTEE', A NUMBER OF DOCTORS, ON THE WITH THE SERVICE, AFTER WALKED OUT OF DISCUSSIONS PLAN, TO BUILD A THEY WERE TOLD THERE WAS NO FACILITY IN JINDABYNE. MUTI-PURPOSE HEALTH CONCERNED, DESPITE ONLY DESPITE ONLY HAVING HALF THE TEAM IN GOOD SHAPE. AMONG THE DOCTORS WHO WALKED OUT, WAS CATH NEWMAN, WHO SAYS THE SERVICE IS NOT ADDRESSING JINDABYNE'S HEALTH ISSUES. GOULBURN'S MAYOR CAROL JAMES, HAS GIVEN HER BRIDGING COURSE, INTO THE STATE'S POLICE FORCE. INTO THE STATE'S POLICE FORCE. THE GRADUATION CEREMONY, IS TO BE HELD IN DUBBO TODAY, CEREMONY, IS TO BE HELD IN DUBBO TODAY, WITH STUDENTS FROM ACROSS THE STATE TAKING PART. THE RECRUITS, WILL SPEND SIX MONTHS AT THE GOULBURN ACADEMY. BUT FRIEND SAYS, HE'S NOT SUPER 14 SEASON. THE TWO THOUSAND AND NINE SKILLS SESSION, AHEAD OF MET FOR A WEIGHTS AND WEIGHTS AND SKILLS SESSION, THE GROUP, HAS MET FOR A TRAINING SESSION THIS WEEK. IS UNFIT, AFTER THE FIRST FIRST TRAINING SESSION THIS TEAM IS UNFIT, AFTER THE FRIEND, ADMITS HALF OF THE AND BRUMBIES COACH, ANDY

HAVING HALF THE TEAM IN GOOD SHAPE. SHAPE. NOW HAVING A LOOK AT TODAY'S WEATHER... STARTING WITH THE SATELLITE - SOME DRIZZLE IS POSSIBLE POSSIBLE IN PARTS OF THE REGION TODAY IN A MOIST TODAY IN A MOIST AIRSTREAM, THOUGH MOST OF THE DAY WILL

BE FINE. LOOKING ACROSS THE NATION NOW - MOSTLY FINE CONDITIONS IN CANBERRA - A SHOWER OR TWO FOR SYDNEY AND PERTH - A FEW CLOUDS MELBOURNE CLOSER TO HOME - FINE AND MOSTLY SUNNY IN DUBBO TODAY FINE AND MOSTLY SUNNY IN DUBBO TODAY - A SHOWER OR OR TWO FOR THE GONG 20 THE EXPECTED TOP - MOSTLY SUNNY AND 29 FOR WAGGA 29 FOR WAGGA

MOSTLY FINE WITH 23 DEGREES ON THE WAY FOR BATHURST - WAY FOR BATHURST - THERE COULD BE A SHOWER FOR BATEMANS BAY A FEW CLOUDS FOR MUDGEE TODAY 25 - 22 FOR COOMA - A

MUDGEE TODAY 25 - 22 FOR COOMA - A POSSIBLE SHOWER AND 15 FOR THREDBO LOOKING AHEAD - TOMORROW - SHOULD BE MOSTLY FINE. (10

GOOD MORNING, I'M FIONA NELSON... WITH YOUR LOCAL

This is Ten's Early News. The Rudd

Government throws mortgage funds a

lifeline in a bid to thaw billions

of dollars in frozen of dollars in frozen savings. Eight

teenagers injured and three teenagers injured and three

critically after their car crashed

in to a pole. Authorities try to

determine when Jennifer Hudson's

nephew was killed. Wall Street

surges nearly 5% as the US Federal

Reserve meets to decide the next

interest rate move. The Government

says some investment funds are lining up to apply for barpbing

licences in order to be covered by the

the Government's deposit guarantee.

Kevin Rudd says some can qualify

for protection. The Government will

allocate an extra $83 million.

Subject to the successful application of these financial

institutions, which means meeting

the relevant prudential standards,

they will of course be covered by

the Government guarantee. It's

hoped the move will help hoped the move will help unfreeze

the billions of dollars in savings

held by mortgage funds. A new poll

has found the economy is the

biggest concern for voters since

the first time of the recession of the early

Eight teenagers have been cut from Eight teenagers have been cut from

the wreckage of a car after a horror crash in Melbourne's

south-east. The driveser among

three people now fighting for life

in hospital. Police are amazed

no-one was instantly killed in the

crash, eight teenagers were

travelling in the same car on the

Princes Highway when it lost

control and struck a pole. Asbed as

this crash is, the potential for this crash is, the potential for it to be

to be a lot worse is very real.

Because it a race against time for

emergency crews as they -- it was a race against time for emergency

crews as they raced to cut

passengers from the wreckage. With

eight young people in the car, it's

amazing that given what's happened

here this morning, we're not

knocking on doors and notifying more

more people that they've lost loved

ones. Police say they were

astounded to find eight people

travelling in the small car, and

believe speed was a factser in the

crash. It goes against so many road

safety messages that we've been

pushing and the Government's been

pushing. A man is under police

guard in an Adelaide hospital after

steal agpatrol car and setting fire

to it. Officers had been chasing to it. Officers had been chasing

the 25-year-old through the city after spotting him driving a

suspected stolen Subaru. The man

dumped the car and fled on foot, before doubling back and stealing

the police vehicle. The patrol car was

was found torched a short

was found torched a short while

later. The suspect was arrested

after he showed up at hospital,

suffering burns. A man will face court today after allegedly court today after allegedly dousing

a woman and three young children in

petrol and setting them alight in Cairns. The 30-year-old mother

suffered burns to her Hans and --

burns to her hands and face.

They're all in a stable condition

in Cairns-based hospital. The father has been charged with

attempted murder and arson. A

Sydney hotel accused of serving ficheies in a

ficheies in a meal have been found

to not have any proof of doing it.

The family have offered to be

tested to quash any claims there

was sabotage. A Sydney woman will face court again in December

charged with the murder of her

2-year-old son. A court heard Dean

Shillingsworth may have been alive when

when he was stuffed in a suitcase and

and dumped in a pond last year. The

toddler's body was so badly

decomposed, the cause of death not

could not confirmed. Young Australians wanting to work in the

UK will soon find it easier and

cheaper under major new revamps. 18

to 30-year-olds will be allowed to

hold jobs untheir chosen profession

for a full two years now. Australians face adrange of Australians face adrange of

restrictions under the old scheme, including how long they could stay

in the one position. Visas will be

cheaper by about $250. An autopsy

will be performed today on the body

of Julian King. The 7-year-old was

found in a stolen SUV after going

missing on Friday when his grandmother

grandmother and UNal were shot dead.

Jennifer identified her nephew's bud body and bud body and police are examining two crime scenes and are

questioning the boy's esstranged

stepfather. No-one has been charged.

Barack Obama has played down a plot

to anasinate him in a racist kill

-- assassinate him in a racist

killing spree. These are the police

mug shots of 20-year-old Daniel and

his friend, 18-year-old Paul. Two

home town boys from

home town boys from Tennessee who

were, according to Federal agents,

ploting to commit an appalling series of racially motivated

murders and the days proceeding the

presidential election. It's alleged

they were planning to kill 88

people, including 14 African

Americans by beheading. It's

alleged Barack Obama was an

intended targ. The men planned to

shoot him from their shoot him from their truck.Ia know,

look - I think what's been striking

in this campaign to the degree to

which these kind of hate groups

have been completely marginalised.

That's not who America is. That's

not what our future is. Our future

is what's reflected in this rally here today.

REPORTER: Does it worry you about

your own safety? I have the best

folks in the world - Secret Service.

The closer he comes to making

history, the question and the fear

remains. Radovan Karadzic has

appeared at a pretrial hearing of the War Crimes Tribunal. The former

Bosnian Serb leader has complained

the process is going too fast and

he hasn't been able to assemble a

legal team. Karadzic has denied

charges of genocide and crimes

against humanity during the Bosnian

war between 1992 and 1995.

Obviouser winner Cate Blanchett is back in the back in the spotlight, this time

for the environment. The actress

walked a green carpet overnight to

support a world documentary by

Australians called 'Telling the

Truth'. Really to celebrate the

fact the presenters Al Gore trained

in Sydney, in '06 and in Melbourne,

180 of them in '07, have reached

this incredible milestone. The

feature, a doco to follow seven presenters personally trained by Al

Gore as part of the climate project.

Spinners Jason Krejza and Spinners Jason Krejza and Cameron

White are fighting for the spinal

spot in the Australian side for the

third -- final spot in the

Australian side for the third Test against India. Ricky Ponting hasn't

quite made up his mind just yet. It

could be one,

could be one, two, it could be

whatever, yeah. He's definitely in

the reckoning. I think the wicket,

looking at it, it's a bit loose on

the surface at the moment. That to

me would indicate late in the game

it will probably start loosening up

even more. Spin's a definite option

for us. Harbahajan Singh remains in

doubt for India with a toe injury.

Australia's International Rules

team say they must capitalise on their fitness and their fitness and physical strength

if they're to beat Ireland. They'll

change their focus on the first match.

match. It will be borderline in a

few instances. We think one of our advantages is our tackling and

attack on the ball. We need to

really keep that up to keep level

with the Irish guys. Game 2 is at

the MCG on Friday night. Former New

Zealand rugby league international Lesley Lesley Vainikolo has been released

on bill after a night club incident

in England. Vainikolo was arrested

at the weekend for allegedly

bashing someone which reportedly

left another man needing hospital

treatment for head injuries.

Vainikolo has not been charged Vainikolo has not been charged over the incident. Melbourne Victory

have revealed an ambitious bid

have revealed an ambitious bid to

lure Mark Viduka back to Australia.

Newcastle United are unlikely to Newcastle United are unlikely to

retain him after this season. He's

a Melbourne boy. I think that

hopefully gives you an inside

running. To have him here I think

would be fantastic for Australian

football to have him back. Viduka

is currently battling an Achilles

injury. Wall Street has surged

early this morning, bouncing off a

5-year low. The Dow Jones was up by more

more than 600 points minutes ago as

the US Federal Reserve meets on

interest rates. With the latest,

now. Good morning. Finally, some

good news? It looks like a good news? It looks like a great

run in the US and hopefully that

will flow through to our markets.

Most of the momentum has come

through in the retail and transport stocks, and the energy sector.

Traders are at a loss. They don't

know whether this is going to be

the big turn around they've been waiting for. No-one wants waiting for. No-one wants to put

the pin in and say that it is. It's

great to see we've got a great

session ahead of the Federal

Reserve announcement tomorrow. Do

you think that's going to give us a

good lead on the local market? If

you have a look at the stats, it

shows the Spy is expecting our

market to open up 150 points higher

today. Strong base metals overnight

and a big rally on our and a big rally on our Aussie,

looks great to set up as looks great to set up as well.

Thank you for the update. More

workers than ever are struggling to

make ends meet according to a new

survey. Nearly 2 million workers

are falling behind in their mortgage

mortgage repayments and credit card

debt. 56% of those polled are

struggling to get by compared to

52% last year. The centre says the

Government needs to reinstate

tougher safeguards for vulnerable

workers. Actor Paul Hogan workers. Actor Paul Hogan is celebrating celebrating a win in the Federal

Court has he continues to be investigated for alleged tax

evasion. The Australian Crime

Commission has agreed to pay

Hogan's legal costs incurred Hogan's legal costs incurred since

2006. The Tax Office's Operation

Wickenby is investigating whether

the 69-year-old funneled millions

of dollars in to offshore tax

havens. The case will return to

court in December. Looking briefly

at other finance news.

That's all the latest in in finance

news this morning. Beautifully

news this morning. Beautifully done.

Thank you. Panda cubs are growing

up healthy and happy. The twin's

mother survived the quake to give

birth to Pingping and Anan. The

cubs are the only panda twins to be

born this year. They're a triumph

for the Panda Protection Centre in

southern China. The weather:

Recapping this morning's top

stories - mortgage funds have been

thrown a lifeline. The Federal

Government announces they'll be

covered by a deposit guarantee if

they transform in to banks. A man

to face court in Queensland, accused of dousing a woman accused of dousing a woman and her

three children in petrol and

setting them alight. Australia

could play two spinners in the

third Test against India which starts later this afternoon. That's

it for Tepbs's Early -- Ten's Early

News. Enjoy your day. Supertext Captions by Red Bee Media Australia. www.redbeemedia.com.au