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Ten Early News -

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(generated from captions) This program is captioned live.

Good morning. Welcome to Ten News.

Today, Prime Minister's payout An Emissions Trading Schemes Today, Prime Minister's payout plan.

expected to include a $1.4 building expected to include a $1.4 building

compensation package for small bigs

and community groups.

An Australian climber who saw his

brother fall to his death on New

Zealand's highest mountain to be

reunited with his family in Perth.

And our pop princess is back. Kylie

Minogue open the first Australian Minogue open the first Australian

show on her world tour in spectacular style.

In sport, quick thinking. Australia

forced to change its plans for

South Africa after an elbow injury

rules out pace bowler Stuart Clark.

conditions: Monday's weather and mostly good

First this morning, the Federal

Government will today unveil a $1.4 billion compensation fund to help

small business and comuem

organisations to adjust to a new

Emissions Trading Schemes. Kevin

Rudd said that the Government was dragging its feet on climate change.

This is Australia's newest solar farm, producing emissions-free

energy. It's time for Australia to

begin a solar revolution, a

renewable energy revolution and to

fund it for the future. But fund it for the future. But despite

such initiatives, at a global

change conference in Poland,

environmentalists expressed their disgust with Australia's climate disgust

change performance. The change performance. The worst

countries in this conference have

been Canada, Japan, Australia, been Canada, Japan, Australia, and

Russia. They haven't come up with

anything. They haven't come up with

new finance. They haven't come up with any ideas on technology. The

Government says it has ideas and

will release them today when it

unveils its White Paper outlining

how it plans to tackle climate

change. Including the 2020 target

to reduce green house gas emissions.

It's understood it will be between

5% and 25% depend ong what action

the rest of the world takes. We

will have no opportunity of living

anything like a business-as-usual

life if the Rudd Government does not

not adopt very deep cuts right now.

An Australiaian man rescued from

New Zealand's treacherous Mount

Cook is to be reunited with his family. Experienced climber miles

Viana -- Miles Vinar is on his way

back to Perth. We were 100 metres

up that snow face and he would have

gone down almost all the way to the

bottom. The body of Mark Vinar lies

in a cravasse and New Zealand

authorities have called off the

search for him. The Victorian Government has side-stepped questions about whether The Victorian Government has

or not police should be armed with

tasers after the fatal shooting of

a 15-year-old boy. Tyler Cassidy

was killed by three officers after

threatening them with knives. The Government says a decision about

arming officers with taser stun

guns is an internal matter. The

teenager's mother says police

heavy handedness contributed to

her son's her son's death.

Fire has forceed 40 people to be

evacuated from a unit block. A

series of fires were deliberately

lit throughout the building.

Emergency crews were able to put

out the building before there was

any structural damage. any structural damage. A

will face court today charged 30-year-old man arrested nearby

malicious damage. will face court today charged with

Sydney Police have formed a

taskforce to investigate a fatal nightclub stabbing at the weekend.

They're trying to work out if the

fight which sparked the killing was gang-related. 24-year-old Mohammed

Omar was stabbed in the chest as he

tried to help his pregnant

girlfriend who had been punched in the face.

Calm has returned to the steets Calm has returned to the steets of

Athens after eight days of riots.

Overnight, a police station was

fire bombed. Authorities were

attacked with rocks and flares.

There have been violent clashes

every day since a teenager was

shot and killed by police officers

more than a week ago.

British Prime Minister Gordon Brown

has told Pakistan's President that

UK authorities want to question the

suspects in the Mumbai massacre. He

was on a visit to Pakistan where

he's announced a new anti-terror plan.

It was a chilling image from Mumbai

- the young, heavily armed gunman.

Now, British police will Now, British police will question

him, the only terrorist captured

alive. Mr Brown told the Pakistanis

that if they arrested anyone else

involved in the Mumbai attacks,

they would want to talk to them as

well. Under tight security, the

Prime Minister arrived in

Islamabad with tough words from

Pakistan, carrying messages from

the Indian Prime Minister who he

intelligence had met earlier. British

intelligence now believe, as India

does, the radical Islamic group based

based in Pakistan, Lashka-e-Toiba,

was behind the attacks. The

Pakistani President denied he was

ignoring evidence connecting ignoring evidence connecting

Pakistanis to the attacks in Mumbai.

When the Indians are investigating,

to say that we could come up with

proof earlier than they can would

be asking for a little much from us.

We are investigating. Britain is keen

keen to see if those involved in

Mumbai or the group they belong to

have any British links. As the

Prime Minister kept repeating, most

British terror plots come from here.

Back home, and Kylie Minogue has

opened the first Australian show of

style. her 2008 world tour in spectacular

# Set me free. #

Belinda was among more than 15,000 fans

fans who cheered at Acer Arena fans who cheered at Acer Arena last

night. She sang a mix of old and

newer hits, including 'Can't Get

You Out Of My Head' and 'Spinning

Around'. This is the last leg of

her $20 million tour which will

wrap up on December 22 in Melbourne.

Stuart Clark is out of Thursday's

first cricket Test against South

Australian fast bowler failed to Africa with an elbow injury. The

get through training at the WACA

yesterday. It's the same injury

that kept him out of action on the

recent tour of India. I don't think

there's any secret. I've had a bad

elbow for a while. It's flared up

and it's not acceptable to play.

Victorian Peter Siddle has been

called into the Australian squad.

South Africa's Tim Clarke snatched

a remarkable win at the Australian

Open. He had all but given up hope,

but a collapse by leader David

Smail led it into a play-off and

his first Stonehaven Cup.

Clarke held his nerve to make par

on the first extra hole. It was

Australian enough to see him crowned

Australian Open Champion in his

first trip down under in a result

that left him stunned. I didn't

consider that there would be a play

having off until I was watching the TV

thought, having a pie and chips and I

thought, I better get down there

and start hitting some balls.

Overnight, David Smail was out in

front. A lead that evaporated

after consecutive double bogeys. He

misses this, he's out of the lead.

Hopefully he realises that he

played great golf bar a couple of

holes. The 18th had been kind to

Clark all day. This approach setting

up the birdie to take him to the

play off. Matthew Goggin had this

putt to force a second extra hole. Oh,

Oh, there it is. The Australian remaining optimistic despite a

recent string of second places. I

don't know how many times I've

finished second a lot. finished second a lot. But

hopefully it is like David Duvall

where you finish second a lot and

then you win a lot.

Adelaide United his lost its FIFA

World Club Quarter Final against

Gamba Osaka in Japan.

COMMENTATOR: It's 1-0. They've

struck. Shades of a Champions League

League final. Adelaide did have

some chances, but the best the Reds

can hope for is fifth ruling out

the dream semifinal against

Manchester United losing 1-0 to the Japanese side.

On to finance now and our market is

expected to rally at the open. At

least we're hoping. That's right. Local shares are

expected to open higher after a

strong close on Wall Street last week: The United States Government is

considering using its one trillion dollar financial rescue plan to

help prop up the big car makers.

It follows the collapse in Congress

of a bail-out package which would

have provided $14 billion in loans

for the big three companies,

Chrysler, Joan motors and Ford. The

White House has now indicated it

may use the massive bail-out for

financial services to ensure the

auto giants don't go bankrupt.

And in other finance news this

morning, bankers for the

financialy troubled Centro

Properties Group are expected to

give the company more time to repay

the debt which is due to be paid today.

OPEC is expected to announce plans

this week to cut production in a

bid to lift crude prices.

And the White House is looking for

other ways to help the ailing US

car industry after the Senate

rejected the $14 billion rescue plan. Checking Monday's weather:

Checking today's newspaper front pages:

pages: The 'Australian reports our troops

may have to return from Iraq sooner

than expected unless a legal

agreement can be reached. agreement can be reached. The 'Financial Review' says

Australian share prices are likely

to record their worst year on

record due to the credit crisis and

the poor economic outlook.

And the 'Her apld Sun' reports

Victorian police are being

assaulted at a rate of nearly 50

assaulted at a rate of nearly 50 a

week. A 25% increase in eight years.

Why George Bush made a surprise

visit to the Middle East? Details

when the news returns. This program is captioned live.

Today - billions to ease the burden.

The Prime Minister to unveil a

compensation fund for small businesses

businesses as part of the Government's Emissions Trading

Schemes.

Emotional reunion - an Australian

climber who watched his brother

fall to his death on New Zealand's

highest mountain returns home. Saying

Saying goodbye - outgoing US

President George Bush makes a last

minute surprise visit to Iraq to

farewell the troops.

And in finance, Wall Street rocked

by another scandal. A respected

broker rips off investors to the tune of $70 billion.

But first, Prime Minister Kevin

Rudd will today unveil the

Government's Emissions Trading

Schemes. The scheme will include a

$1.4 billion compensation fund for

small business and community

organisations to help them cut

their energy use and cope with

price increases. Mr Rudd has

announced he's bringing forward a

$500 million plan to launch power

plants across the country. It's

time for Australia to begin a solar

revolution, a renewable energy

revolution and we've got to fund it

for the future. The Government's

climate change plan is expected to

commit Australia to cuts in green

house gas emissions of between 5%

and 25% by 2020.

An Australian man rescued from New

Zealand's treacherous Mount Cook is

arriving home in Perth today.

Experienced climber Miles Vinar

took refuge in an ice cave after

watching his brother plunge to his death.

Somewhere on Mount Cook, the body

of Perth mountaineer Mark Vinar

lies in a cravasse. New Zealand authorities have called off the

search. His younger brother, Miles,

left to tell the story of how he

died. We were about 100 metres up

the snow face and he would have

gone down almost all the way to the

bottom. The brothers set off on bottom. The brothers set off on a three-day hike on Wednesday. On

Thursday, Mark plunged to his

death after losing his footing.

With no food, water and shelter

after the supplies fell with his

brother, Miles too faced death. And

still in shock, he was forced to

dig an ice cave to survive. On

Thursday night, I was expecting to

die that night. He spent two nights

in the harsh conditions before

being rescued after use ago torch

signal for help. Web I saw the

helicopter come up towards me, I

almost wept. It was just an amazing

amazing feeling. The family is now preparing a memorial service for

the father of two. While Miles has

vowed to never climb again. The Victorian Government has side-stepped questions about whether

or not police should be armed with

tasers after the fatal shooting of

a 15-year-old boy. Tyler Cassidy

was killed by three officers after

threatening them with knives. The

Government says a decision about

arming officers with taser stun

guns is an internal matter. But the

teenager's mother says police

heavy-handedness contributed to

her son's death.

Sydney police have formed a

taskforce to investigate a fatal nightclub stabbing at the nightclub stabbing at the weekend.

They're trying to work out if the

fight which sparked the stabbing was

gang-related. The 24-year-old was

stabbed in the chest as he tried to

help his pregnant girlfriend who

was punched in the face.

Meantime, a man has been arepsed

after a building in central Sydney

was set on fire. A number of fires

had been lit around the building.

40 residents had to be evacuated.

A man was arrested at a nearby fast food restaurant just a short time later.

Anti-tobacco groups are calling for

the south Australian Government to

ban the sale of cigarettes in

fashion shops. A new scheme offers

the stores cash incentives to sell

the products.

It's described as a cynical marketing employ aimed at recruiting a newspaper generation of

of smokers. Clearly, it's aimed at

young people and there's nothing

fashionable about lung cancer and

emphysema. That's why this sort of

connection between fashion houses

and cigarettes needs to be outlawed.

Bow teek fashion stores are being

offered cash incentives to pay them.

We get paid $1,000 a year just to

have them in the shop. You can make

profit if you want. The only catch

- a $215 licence to sell the brand.

Every year, about 15,000 Australians die from diseases

caused by smoking. Lobby groups

want it revoked. But some say it

is no worse than selling in

supermarkets. They're available 24

hours a day at the counter, whereas

we have just a small little old-school case that many people

look past. The south Australian

Government is now reviewing its licensing licensing laws.

Outgoing US President George Bush

has signed a security pact with Iraq's President calling Iraq's President calling for

American troops to be out of the

country by end of 2011. Bush is in

Iraq on a surprise visit to meet

with leaderals to thank soldiers

for their work in that country. for their work in that country. And

the work hasn't been easy. But it

has been necessary for American

security, Iraqi hope and world security, Iraqi hope and world

peace. It's Bush's last visit to Iraq before president-elect Barack Iraq

Obama takes office in January.

Paceman Stuart Clark is out of

Thursday's first cricket Test

against South Africa with an

ongoing elbow injury. And there's chance it could rule him out for ongoing elbow injury. And there's a

the summer.

Stuart Clark's morning session in

the WACA net started out as per

usual. He then had a long chat with

the coach. Next, he delivered the

bad news to his team-mates. I don't

think there was any secret. I've

had a bad elbow for a while. It's

flared up. It's not acceptable to

play. The speedster is suffering

from bone spurs on his right elbow.

He's been sent to Sydney for

specialist advice. Surgery will

see him sit out the South African series and possibly the entire

summer. I thought it summer. I thought it was getting

better. Obviously it's not. Victorian paceman Peter Siddle

jetting his way to Perth as

Clarke's replacement. I was preparing to play for Victoria

yesterday and quickly rushed and

got to the airport. Shortly after,

another scare for the Aussie camp.

It appeared that Ricky Ponting had injured his right wrist. But injured his right wrist. But they

said that there's no problem - the

skipper just copping a knock to the arm.

Speaking of South Africa, South

Africa's Tim Clark has snatched an

unlikely win at the Australian Open. A

A dramyat collapse by David Smail led Clark into a play-off with Matthew

Matthew Goggin. Clark became the

first South African to win the Open

since 1974. I was watching the TV

having a pie and chips believe it

or not and saw Matt warming up and

I thought I better get down there and start hitting some smalls. He

has collected a $270,000 winner's

cheque for his efforts.

After 30 years as the CEO of NRL

club Parramatta, Denis Fitzgerald

has suffered the biggest blow to his

management career. A ticket made up

mostly of his rivals has won

control of the football club board.

They played together during the

Eels golden years. Yesterday, Brett

Kenny, Ray Price and Eric Grothe

took a step closer to taking

charge of their beloved club. They

took the N rsm L side away from the

football club. We start now to

fight for a battle to get the NRL

side back to the football club. The

trio, along with a local

businessman took a majority hold of

the seven-member football club

board. But the CEO Denis Fitzgerald

could be a casualty. Both parties

have put forward a united front. have put forward a united front.

I've had a number of years where

not everyone has been very friendy

and working in a co-operative

spirit. But we got through that. I

can work with Fitzy, but can Fitzy

ignite work with me. The real battle will

ignite in early April when the same

groups tries to take control of the

League club. Leagues Club elections

will be where the results will come.

The local market is expected to

open higher this morning after a

strong close on Wall Street last

week. With the details, Juliana

Roadley from Commsec joins us live.

Good morning, US stocks were buoyed

with nuetz of a new rescue package

for the big car makers? The US car

makers were tuning in the last

hour. It looks like Bush may have

the last stand on getting the OK for

Treasury to release some of the

money to help the auto industry.

Now, this helped the DOW up by 64

points and the NASDAQ by 32.

Unfortunately, the European markets

closed before the news came

through. The markets down around 2%.

Our market was weaker on Friday, so

were the Asian markets. But looking

for a bit of joy today. The SPI has

the markets to open up 86 points higher.

higher. And the latest lending

finance data is out today. What are finance data is out today. What are

you expecting? We're not looking

for anything startling. It gives

us the new loans and the new leases

and it's hard to see gains. But

look out for the weekly oil numbers

that will be released today. We're

looking for more great news at the

pump with a fall in the oil price pump with a fall in the oil price

and the fact that the Aussie dollar

has stabilised. Thank you.

Some of the world's biggest

investors have become victims of a

pyramid scheme fraud by a veteran

New York stockbroker. Bernard

Madoff, a big name on Wall Street

admitted that he lost up to $75

billion in the alleged scam.

Authorities say Madoff's investment

fund delivered strong runs to

investors by using the principle

from new players to pay out others.

His victims include many major European banks.

And briefly now in other news,

Centro Properties Group is expected

to be given another financial

lifeline by the bankers today to lifeline by the bankers today to

give it more time to repay $2.3

billion in debt.

Australian share funds are set to

record their biggest annual lost.

And the latest lending finance

data will be released as you heard,

detailing new personal, commercial

and lease loans.

A pretty good day coming up in the east coast.

We should be so lucky. Our pop

princess, Kylie, launches her

Aussie tour in style. That's next.

This program is captioned live. This program is captioned live.

This is Ten News. Today's headlines

- Prime Minister's payout plan. An - Prime Minister's payout plan. An

to include a $1.4 billion emissions straiding scheme expected

compensation package for small

bills and community groups.

An Australian climber who watched

his brother fall to his death on

New Zealand's highest mountain to

be reunited with his family in Perth. Perth.

Our pop princess is back. Kylie

Minogue opens the first Australian

show on her world tour in

spectacular style.

And Australia force today rethink

its plans for South Africa after an

elbow injury rules out pace bowler Stuart Clarke.

Let's check the weather for you:

but first, the Federal Government

will today unveil a $1.4 billion

business and community compensation fund to help small

business and community organisations adjust to a new

Emissions Trading Schemes. Kevin

Rudd's official launch comes as

international environmental groups

accuse the Government of dragging

its feet on climate change.

This is Australia's newest solar

farm, producing emissions-free

energy. It's time for Australia to

begin a solar revolution, a renewable energy revolution, and

we've got to fund it for the future.

But, despite such initiatives, at a global climate change conference in Poland, environmentalists

expressed their disgust with

Australia's climate change

performance. The worst countries in

this conference have been Canada,

Japan, Australia, and Russia. They haven't come up with anything. They haven't

haven't come up with new finance.

They haven't come up with any ideas

on technology. The Government says on technology. The Government says

it has ideas and will release them

today when it unveils the White

Paper outlining how it plans to

tackle climate change. Including

the 2020 target to reduce green

house gas emissions. It's

understood it will be between a%

and 25%, depending on what action

will have no opportunity of living the rest of the world takes. We

anything like a business-as-usual

life if the Rudd Government does

not adopt very deep cuts now.

An Australian man rescued from New

Zealand's treacherous Mount Cook is Zealand's treacherous Mount Cook

to be reunited with his family today.

today. Experienced climber Miles

Vinar sp on his way back to Perth

after witnessing the death of his

brother who fell when he lost his footing. We were several hundred

metres up the snow face and he

would have gone down almost all the

way to bottom. The body of Mark

Vinar lies in a cravasse and New

Zealand torts have called off the

search for him. His family is

preparing a memorial service.

The Victorian Government has side-stepped questions about whether

or not police should be armed with

tasers after the fatal shooting of

a 15-year-old boy. Tyler Cassidy

was killed by three officers after threatening them with knives. But the Government says a decision the Government says a decision

about arming officers with taser

stun guns is an internal matter.

But the teenager's mother says police heavy-handedness

contributed to her son's death.

Fire has forced about 40 people to

be evacuated from a unit block in

inner Sydney overnight. The series

of fires was deliberately lit

throughout the building. Emergency

crews were able to put out the

fires before there was any

structural damage, but a

30-year-old man arrested nearby

will face court today charged with

malicious damage.

British PM Gordon Brown has told

Pakistan's President that UK

authorities want to question the authorities want to question the

suspects in the Mumbai massacre. He

was on a visit to Pakistan where

he's announced a new anti-terror plan. plan.

It was a chilling image from Mumbai,

the young, heavily-armed gunman.

Now, British police will question

the man, the only terrorist

captured alive. Mr Brown told the

Pakistani that is if they arrested anyone

anyone else involved in the Mumbai attacks, British police would want

to talk to them as well. Unvery

tight security, the Prime Minister had

had arrived in Islamabad with some tough words for Pakistan, carrying messages from the Indian Prime

Minister who had he met earlier,

passing on their outrage at the

Mumbai attack. British intelligence

now believe apz India does, the

radical Islamic group based in

Pakistan, Lashka-e-Toiba, was

behind the attacks. The Pakistani

President denied he was ignoring

evidence connecting Pakistanis to

the events in Mumbai. When the

Indians are investigating and the

incidents happened there, to say

that we could come up with proof

earlier than they can would be

asking for a little much from us.

We are investigating. Britain is

keen to see if those involved in

Mumbai or the group they belong to

have any British links. As the

Prime Minister kept repeating -

most British terror plots come from here.

Kylie Minogue has opened the first Kylie Minogue has opened the first

Australian show of her 2008 world

tour in pretty spectacular style.

# Set me free . #

More than 15,000 lucky fans cheered

the pop princess at Sydney's Acer

Arena last night. She sang a mix Arena last night. She sang a mix of

the old and the newer hits,

including 'Can't Get You Out Of My

Head' and 'Spinning Around'. This

is the last leg of her is the last leg of her $20 million

tour which will wrap up on December 22 in Melbourne.

Stuart Clark is out of Thursday's

first cricket Test against South

Africa with an elbow injury. The

Australian fast bowler failed to

get through training at the WACA

yesterday and this is the very same

injury that kept him out of action

on the recent tour of India. I

don't think there's any secret that

I've had a bad elbow for a while.

It's flared up. You know, it's not

acceptable to play. Victorian Peter

Siddle has been called into the

Australian squad. South Africa's Tim Clark has

snatched a remarkable win at the

Australian Golf Open. Sitting in the

clubhouse enjoying his pie and

chips, he had all-but given up

hope. Two double bogeys by David

Smail sent Clark to his first Stonehaven Cup.

Clark held his nerve to par on the

first extra hole. It was enough to see

see him crowned Australian Open

champion in his first trip

downunder. A result that left him

stunned. Yeah, I didn't even

consider that there would be a play

off until I was watching the TV

having a pie and chips and saw

Matt on the putting green warming up

and I thought I better get down

there. Overnight leader David Smail

was still out by three shots with

just four holes remaining. A lead

that evaporated after two double bogeys. Hopefully he realises that

he played great golf, bar a couple

of holes. 18th had been kind to

Clark all day. This approach setting

up the birdie that would take him

to the play off.

COMMENTATOR: Great shot. Matthew

Goggin had this putt to force a

second extra hole. The Australian remaining optimistic despite a recent string of second places.

Yeah, I don't know how many times,

I've finished second a lot. But

hopefully it is more like David

Duvall where you finish second a

lot and then you win a bunch.

Adelaide United sadly has lost its

FIFA Club World Cup Quarter Final

against Gamba Osaka in Japan. And

one goal was enough. It came in the

23rd minute. Commend commend it's

1-0. Gamba Osaka have struck. --

COMMENTATOR: It's 1-0, Gamba Osaka

have struck. The arch rivals too

good for the Reds. The best they

can hope for is fifth, ruling out

a dream semifinal against Manchester Manchester United.

On to finance, and a strong open

expected today? That's right. Local

shares are expected to open higher

after a strong close on Wall Street.

The Dow Jones finished ahead 64 points.

The US Government is considering

using its $1 trillion financial

rescue plan to prop you the big car makers. It follows the collapse in

the US senate of a bail-out plan

that would have set up $14 billion

in loans for the big three

companies, Chrysler, General Motors

and Ford. The White House has indicated it may tap the massive

bail-out for financial services to

ensure the auto giants don't go bankrupt.

Small businesses in America are

looking for ways to beat the crunch looking for ways to beat the credit

crunch and improve cash flow. Some

are turning to an ancient form of trade with a twist - Bartering.

At the Killer Baking Company in

northern California where they say

that the brownys are to die for,

the baking is done inside an oven

made through Barter. The not only

did I save through price but I'm

basically paying with the brownys.

He conducts 30% of his business

through Barter. He is among 3,000

small business owner whos joined

the Barter exchange international

monetary systems, known as IMS.

It's a member-only, $110 million a

year market place. When a business

makes a sale, it earns virtual

trade dollars which can be applied

to any other member's services.Ism

MS and a rival Barter exchange

known as ITEX pocket a known as ITEX pocket a 6% commission from the buyer and

seller. New York florist Richard

Barter force dental care for

himself, his wife and his

employeeees and also for the

chocolates in his gift baskets.

It's like walking in and saying

I'll do this, this and this and all

you have to do is leave the tip.

In business briefs today:

not a bad day in the east coast: let's check the newspaper headlines. The The 'Daily Telegraph' leads with

the story of a young man stabbed to

death in a nightclub fight after

going to the aide of his girlfriend.

Business day says Qantas is

expecting to a pay a very

substantial fine for its part in a worldwide

worldwide freight cartel.

And in 'The Age', a

And in 'The Age', a Melbourne

father says authorities have done

little to help find his children

who have been missing in Sweden for

two months.

Some of the world's biggest

investors conned in a $70 million

con. All of the details when the news returns.

This program is captioned live.

You're watching Ten News. Today -

paying for business . Prime

Minister Kevin Rudd to unveil a

$1.4 billion compensation fund as

part of the Government's Emissions Trading Schemes.

An emoigsal reunion - an Australian climber who watched his brother

fall to his death on New Zealand ahighest ahighest mountain returns home.

The American President under

protest and the in Iraq. Protesters

aimed with shoes take aim at George Bush. And

And in finance, Wall Street rocked

by another scandal. A respected by another scandal. A respected

broker rips off investors to the tune of $70 billion.

All those stories coming up. But

first, Prime Minister Kevin Rudd

will today unveil the Government's

emissions trading scheme. The

scheme will include a $1.4

compensation gund -- $1.4 -- - $1.4 billion compensation scheme. It's

time for Australia to begin a solar

revolution, a renewable energy

revolution and we've got to fund it

for the future. The Government's

climate change plan is commit today

cutting green house gas emissions of

between 5% and 25% by 2020.

An Australian man rescued from

Mount Cook in New Zealand is

arriving home in Perth today. Experienced

Experienced climber Miles Vinar

took refuge in an ice cave after

watching his brother plunge to watching his brother plunge to his death.

Somewhere on Mount Cook, the body Somewhere on Mount Cook, the body

of Perth mountaineer Mark Vinar

lies in a cravasse. New Zealand authorities have called off the

search. Hisdowner brother, Miles,

left to tell the story of how he died. We were several hundred

metres up the snow face and he metres up the snow face and he would have gone down almost all the

way to the bottom. It was meant to be

be an adventure. The brothers set

off on a three-day hike on

Wednesday. On Thursday, Mark plunged to his death after losing

his footing. With no food, water

and shelter after the supplies fell,

Miles too feared death. On Thursday

night, I was expecting to die that

night. He spent two night in the

harsh conditions after being

rescued after using a torch signal

for help. When I saw the helicopter

come up towards me, it was an

absolutely amazing feeling. The

family is preparing a memorial service for the father of two. While Miles has vowed to never climb again. The Victorian Government has blazes had been set around the

building. The man was arrested in a nearby fast food rest aurpant a short time later. Anti-tobacco groups are calling for a ban on the sale of cigarettes in fashion shops. It's been described as a cynical marketing ploy aimed at recruiting marketing ploy aimed at recruiting a new generation of smokers.

Clearly, it is aimed at young

people and there's nothing fashionable about lung cancer and

Emphysema. That's why this sort of

connection between fashion houses

and cigarettes needs to be outlawed.

They're being offered cash

incentives to sell cigarettes over

the counciller. We get paid $1,000 a

year just to have them in the year just to have them in the shop. The only catch, the $

The only catch, the $ 215 licence

just to sell the brand. Lobby groups want the licences revoked,

revoked, but some retailers say it

is no worse than selling cigarettes

in supermarkets. Rpbls they're

available 24 hours a day at the

supermarket whereas we have a small little

little old-school case. The south

little old-school case. The south Australian Government is now

reviewing its licensing reviewing its licensing laws. US President George Bush has

narrowly escaped a knock to the

head after an angry man threw a

pair of shoes at him at a media

conference in Iraq. Mr Bush had

signed a security pact with Iraq's

President before a man shouted,

this is the end and threw both his

shoes at the outgoing President.

shoes at the outgoing President. Mr

Bush managed to duck at both

attempts as the shoes narrowly

missed his head. He is in Iraq on a

surprise visit to meet leader and

to thank soldiers for their work in that country.

Fast bowler Stuart Clark is out of

Thursday's first cricket Test

against South Africa with an

against South Africa with an

ongoing elbow injury, and the bad

news is that there's every chance

it could rule him out for the summer

Stuart Clark's morning session

started out as per usual. He then

had a long chat with the coach.

Next, he delivered the bad news to

his team-mates. I don't think it is

any secret, I've had a bad elbow

for a while. It's flared up and

it's not acceptable to plaifplt The speedster is suffering from bone

speedster is suffering from bone

spurs. He's being flown home to

Sydney to seek specialist advice.

He will sit out the South Africa

series and possibly the entire

summer.. I thought it was getting

better. Obviously, it's not.

Victorian paceman Peter Siddle

jetting to Perth as his replacement.

I was preparing to play for

Victoria tomorrow and now a quick

rush to the airport. Shortly after the announce.,

the announce., another scare for

the Aussie camp. It appeared that Ricky Ponting had injured his right

wrist. But officials say there no

problem. The skipper just copping a

knock to the arm. South

South Africa's Tim Clark has

snatched an unlikely win at the

Australian Open. He was in a play-off with Australian Matthew play-off with Australian Matthew

Goggin and Clark held his nerve to claim the

claim the first extra hole. He's become the first South Africa to

win the Open since 1974. I was

watching the TV having a pie and

chips believe it or not and I

thought, I'd better get down there

and start hitting some balls. He did

get down there and collect add

$270,000 winner's cheque for his efforts.

After 30 years as the C esm O of

Parramatta, Denis Fitzgerald -- CEO of

of Parramatta, Denis Fitzgerald has

suffered a blow to his career.

They played together during theEels

golden years. Yesterday, Brett

Kenny, Ray Price and Eric Grothe

took a step closer to taking

charge of the beloved club. They took the

took the NRL side away from the

football club. We start now to fight

fight for a battle to get that NRL

side back to the football club. The

trio, along with local businessman

John Chittiac took a majority hold

of the board. But amid speculation

that CE Denis Fitzgerald could be a

casualty, both parties have put

forward a united front. We've

forward a united front. We've had

a number of years where not

everyone has been friendly and

working in a co-operative spirit.

But we got through that. I can work

with Fitzy, but can he work with me.

The real battle will reignite in

early April when they plan to take

control of the League's Club Board. control of the League's Club Board.

If that's successful, Fitzgerald's

reign could be over. The elections

there will be where the results will come.

The local market is expected to

open higher this morning after a

strong close on Wall Street on

Friday. With the details, Juliana

Roadley from Commsec joins us live.

US stocks were buoyed by nuetz of a

new rescue package for the big car

makers? Yes, in the last hour of

trade, the markets turned a corner.

This could be Bush's last stand, his last

his last hurrah. He's going to give

the OK for Treasury to use some of the

the $700 billion funds to bail out

the US auto make and this saw the

US markets up higher. European

markets were closed before this

announcement. They were off around

2%. Our market was weaker on Friday,

but looking for good gains today,

opening up around 83 points higher. And the

And the latest lending finance

data is due out today. What are you

expecting? We're not looking for

anything starting. It's hard to see

loans and leases increasing in the environment. But look for the environment. But look for the data

out from the average weekly oil

prices. Last week, the oofrpblg

price in Australia was $ 1.08 a

litre. Today we're looking of a decrease of three or four cents

because of the fact our dollar has started

started to stabilise over the last week. Thank you.

Some of the world's biggest

investors have become victims of a

pyramid scheme fraud by a viter an

New York stockbroker. Bernard

Madoff has admitted he lost up Madoff has admitted he lost up to

$75 billion in the scam. Authorities say Madoff's investment fund

fund delivered strong returns to

fund delivered strong returns to

investors by using the principle

from new players to pay out other investors.

Briefly in other nuetz: And Frank, that's finance

And Frank, that's finance news this morning. morning.

Let's move on to the weather now:

Recapping the top stories today.

Prime Minister Kevin Rudd to

Prime Minister Kevin Rudd to unveil an Emissions Trading Schemes

an Emissions Trading Schemes

expected to include a $1.4 billion compensation package for small business and community groups.

An Australian cloimer who watched

his brother fall to his death on

New Zealand's highest mountain to

be reunited with his family in Perth today.

And our pop princess is back. Kylie

Minogue opens the first Australian

show on her world tour in

spectacular style.

That's it for Ten News. Bye for now.

Good morning.

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