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Ten Early News -

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(generated from captions) This program is captioned live.

good morning. Welcome to this

special edition of Ten's Early News.

Barack Obama has been sworn in as

the 44th President of the United

States of America. More than one

million people packed in the

National Mall in America. Our US bureau chief Nicole Strahan National Mall in America. Our US bureau

bureau chief Nicole Strahan is in

the capital. It's a day many people

thought would never come. That's

right. A day certainly that

right. A day certainly that many

people thought would never come.

The day an African American became

the US President, the 44th

President of the United States. And

Barack Obama took the Oath of

Office in front of a sea of people,

stretching about 2km from stretching about 2km from the

Monument. Capital Building to the Washington

Monument. And many of them had

waited hours and hours in freezing

temperatures here in Washington

just to witness this moment in just to witness this moment in

history. And as Barack Obama took

the Oath of Office, there seemed to

be a few nerves and a bit of a

stumble as well. But nevertheless,

people here in Washington say that

today, change has come to America. I today, change has come to America.

I Barack Obama, do solemnly swear.

I Barack Obama do solemnly swear.

President That I will execute the Office of

President to the United States faithfully.

faithfully. Faithfully, the Office of President of the United States

faithfully. The Office of President

of the United States faithfully.

And will do the best of my ability. Preserve, protect and Preserve,

Preserve, protect and defend the

constitution of the United States.

So help you God? So help me God. Congratulations, Mr President. All

the best wishes. Yes, certainly a

nerve or two. What's the feeling.

Did President Obama's speech Did President Obama's speech live

up to expectation? No doubt there

will be a great deal of analysis of

the speech in the days to come, but during the

really set forth the challenges during the speech, Barack Obama

that lay ahead for America. He also

talked about the history of this

great nation and how people had put themselves to work in order to

achieve greatness. And it was also

a call to service for Americans across the country. Barack Obama firmly believes that only by

working together can America

achieve greatness once more. I stand here today

stand here today humbled by the

task before us. Grateful for the

trust you have destored. Mindful

of the sacrifices borne by our

ancestors. I thank President Bush

for his service to our nation. As

well as the generosity and

co-operation he has shown throughout this transition. 44

Americans have now taken the

presidential oath. Words have been

spoken during rising tides of

spoken during rising tides of

prosperity and the still waters of

peace. Yet, every so often, the

Oath is taken amidst gathering

clouds and raging storms. And

these moments, America has carried

on, not simply because of the skill

or vision of those in high office,

but because we, the people, have

remained faithful to the ideals of

our forebearers and true to our

founding documents. So it has been,

so it must be with this generation

of Americans , that we are in the

midst of crisis is now well

understood. Our nation is at war

against a far-reaching network of

violence and hatred. Our economy is

badly weakened, a consequence of

greed and irresponsibility on the

part of some. But also our

collective failure to make hard

choices and prepare the nation for

a new age. Homes have been lost,

jobs shed, businesses shattered.

Our healthcare is too costly, our

schools fail too many, and each day,

it brings new evidence that the

ways we use energy strengthen our

adversarys and strengthen our planet.

planet. Today I say to you that the

challenges we face are real. They

are serious and they are many. They

will not be met easily or in a

short span of time. But know this,

America, they will be America, they will be met.

On this day we gather because we

have chosen hope over fear. Unity

have chosen hope over fear. Unity of purpose over conflict and

discord. On this day, we come to

proclaim an end to the pety

grievances and false promises, the

recriminations and worn out dogmas

that for far too long have

strangled our politics. We remain a strangled our politics. We remain

young nation, but in the words of

set scripture, "The time has come to

set aside childish things."

The time has come to reaffirm our

enduring spirit, to choose our

better history, to carry forward

that precious gift, that noble idea

passed on from generation to

that generation. The God-given promise

and that all are equal, all are free

and all deserve a chance to pursue

their full measure of happiness.

their full measure of happiness.

He's very good behind a microphone.

Back to Nicole Strahan. What is

President Obama doing now? Well,

after a traditional private lunch,

Barack Obama, the new President

will head down to Pennsylvania

Avenue, along with his new

Vice-President Joe Biden and lead

the inaugral day parade. About

10,000 people will join him on the

parade down Pennsylvania Avenue to

the White House and then on to the

parties this evening. Ten official

inaugral balls in all and the

Obamas are expected to attend them

all. OK, thank you. We'll cross

back to Nicole in Washington for

the latest. We'll also go live to

Washington for the Inauguration

Parade once it gets under way.

A record crowd braved freezing

temperatures to watch the historic inauguration. Thousands gathered

inauguration. Thousands gathered

last night, camping out to get the

best spots. By dawn, the stretches

between the Lincoln Memorial was

building up fast. Three hours

before the ceremony , most of it

was filled to capacity and crowds

were directed more than one

kilometre away.

It's not only Barack Obama's colour

that distinguishes him. Barack

Obama came from the wrong side of

the tracks, not only black, but the

poor son of divorced parents.

They were inauspicious roots and mixed

mixed race parentage. But the hope

to be the first non-white President

of the United States. He was born

in Hawaii, but aged 2, his parents

divorced. He took a PhD at harvard.

His mother shipped the family His mother shipped the family to

Indonesia. At aged 10, he returned

to Hawaii to live with his

grandparents. They became key

figures in his life, instilling

values and a love of learning and a

hunger for betterment in a young

man they called Barry. He broke off

from the campaign trail to visit

her. With her support, he soared

through the universities of

Colombia and Harvard. A lecturer,

a high achiever. In the mid-80s in

Chicago, he served to cut his teeth on America's deep social

problems. Working on a housing

project. Here he took his first

fateful steps on the ladder to

ultimate power. In less than a

decade, he uttered the words of his

acceptance speech to be his party's nominee

nominee for the presidency of the United States.

Other news now, and most economists

now grow it's nearly impossible for

Australia to avoid a recession. The

Prime Minister is attempting to

offer Australians hope and

reassurance on his national tour.

The Prime Minister kicked off his national

national talking tour flanked by

the South Australian Premier and

cycling sensation Lance Armstrong.

We've just been having a yak to

Lance Armstrong. Mike and I have

been giving our advice on the

finer tips of cycling.

The PM could do with tips of his

own - namely how to save the nation

from the financial crisis. Most

economists now agree that Australia

can avoid a recession. There are

two options here. You can sit two options here. You can sit to

one side, sit on your hands and

moan, or get out there and have a go. This Government is in the

business of having a go. Having a

go means another stimulus package,

but it's likely to be a lot

different to the first $10.4

billion handout with many retailers

dubbing that one a dud. The reality is

is that we benefited for a very

short period of time, and now it's gone.

gone. And so it's dead in the gone. And so it's dead in the water.

The Opposition maintains the best stimulus

stimulus would be tax cuts, but the

Prime Minister is fed up with

questions on when and what the

Government plans to do. We remain resolved to take whatever resolved to take whatever action

is necessary and we'll do it in a is necessary and we'll do it in a calm, measured and methodical fashion. Next fashion. Next go. Investigators in Melbourne are

trying to work out if a scrub fire

which damaged two homes was

deliberately lit. The blaze started

behind a supermarket and quickly

spread through five hectares of

Bush. We had a young fellow trying

to hose it down and then we saw the smoke. Two helicopters water bombed it.

A massive night for home town

heroes at the Australian Open with

Jelena Dokic and Bernard Tomic

headlining. Sam Stosur had a tough

win over Klara Zakopalova. The

world's number one player, Rafael

Nadal, needed just 77 minutes to progress.

progress.

He's the tournament's top seed and last

last night showed why.

COMMENTATOR: Those are just physics. COMMENTATOR: Those are just physics.

That's a physics question. Rafael

Nadal put on a relentous tennis Nadal put on a relentous tennis

against Anthony Rocca.

He took the match in three quick

power-packed sets.

power-packed sets. His title

campaign well and truly on track,

this time with a number one on his

back. I feel the same. I have the

same goals. Just try to play my

best tennis and well, just change a

number. That's not a lot. And

Australia's Sam Stosur was plagued

by leg cramps and unforced errors

in her match against Klara in her match against Klara

Zakopalova. The world number 48

watched a 5-1 first set lead

evaporate, but eventually found her

rhythm. The 24-year-old won both

sets in a tie break. The second she

nailed 7-0. I don't think I've ever

won 7-0. But as I said out there, I

was happy that it happened tonight

for the first time if it was. Yeah,

you'd never expect that to happen

and she made some breaks in that

tie break, so it was lucky for me

to get through.

Robbie McEwan will line up in the

second stage of the Tour Down Under.

Seven times Tour de France winner

Lance Armstrong finished 120th out

of 123. McEwan was lucky to get

through the day. Someone leaned over the barriers,

outstretched arm with a great big

camera in their hand and I was

getting up towards 70km/h at that point and it hit me straight on the forearm.

forearm. Very dangerous. He has a

torn busle, bruising and a

ruptured blood vessel. Kath has a

check of the markets. Thank you. Barack Obama's

inauguration has failed to give the

inauguration has failed to give the

markets any lift this morning. US

bank shares have plummeted on

bank shares have plummeted on fears

of a global recession. In the UK,

Lloyds Bank shed a third of its

value, but the losses were limited

across the board by gains drug across the board by gains drug and

oil stocks. Commodities and oil and

morning. gold have both staged rallies this

Our market will open weaker today.

Now a quick look at the weather.

Sunny in Melbourne, Adelaide and

Perth today. Tops around 30. Late

thunder in Sydney, Canberra and Darwin and Sydney will be very hot,

particularly in the West.

More of the continuing coverage of President Obama's inauguration after the break.

This program is captioned live.

You're watching a special edition

of Ten's Early News. More than a

million people have poured into

Washington. Barack Obama has been

sworn in as the United States first

black President and Commander in

chief. I Barack Obama Obama do

solemnly swear. I Barack Obama do

solemnly swear. That I will execute

the office of President to the

United States faithfully. I will

execute... Faithfully the office of

President faithfully. The office of

President of the United States

faithfully. And will do the best of

my ability. And will do the best of

my ability. Preserve, protect and defend the constitution of the

United States. Preserve, protect and

and defend the constitution of the

United States. So help you God. So

help me God. Congratulations

President Obama.

President Obama has delivered his

inaugral address, perhaps one of

speeches in modern American history. the most anticipated political

Our challenges may be new, the

instruments with which we meet them

may be new. But those values upon

which our success depends, honesty

and hard work, courage and fair play,

play, tolerance and curiosity,

loyalty and patriotism, these

things are old . These things are

true. They have been the quiet

force of progress through out our

history. What is demanded then is a

return to these truths. What is

required of us now is a new era of

responsibility , a recognition on

the part of every American that we the part of every American that we

have duties to ourselves, our

nation and the world. Duties that

we do not grudgingly accept, but

rather seize gladly. Firm in the rather seize gladly. Firm in the

knowledge that there's nothing so

satisfying to the spirit, so defining of our character defining of our character and

giving our all to a difficult task.

This is the price and the promise

of citizenship. This is the source

of our confidence. The knowledge

that God calls on us to shape an

uncertain destiny. This is the

meaning of our liberty and our

creed. Why men and women and

children of every race and every

faith can join in celebration

across this magnificent mould. And

why a man whose father less than 60

years ago might not have been

served at a local restaurant, can

now stand before you to take a most sacred oath. CHEERING AND APPLAUSE

So let us mark this day with

remembrance. Of who we are and how

far we have travelled. In the year

of America's birth, in the coldest

of months, a small band of patriots

huddled by dying camp fires on huddled by dying camp fires on the

shores of an icy river. The capital

was abandoned. The enemy was

advancing. The snow was stained

with blood. And a moment when the

outcome of our revolution was most

in doubt, the father of our nation

ordered these words be read to the

people. "Let it be told to future

world that in the depth of winter,

when nothing but hope and virtue

could survive, that the city and

the country alarmed at one common

danger came forth to meet it ."

America in the face of our common

dangers, in this winter of our

hardship, let us remember hardship, let us remember these timeless words. With hope and

virtue, let us brave once more the

icy currents and endure what storms

may come. Let it be said by our children's children that when we

were tested, we refused to let

this journey end. That we did not

turn back, nor did we falt. And

with eyes fixed on the horizon and

God's grace upon us, we carried

forth that great gift of freedom

and delivered it safely toufrl

future generations. Thank you. God

States of America. bless you. God bless the United

CHEERING AND APPLAUSE

Really very impressive, isn't he?

Bleary eyed and aching with cold,

a record crowd poured into

Washington before sun rise to

witness that historic event.

More than a million people watched

as Barack Obama was sworn in on the

Lincoln bible as the first African

American President. Preserve,

protect and defend the constitution

of the United States. So help of the United States. So help you

God? So help me God. Congratulations

Congratulations Mr President. The

44th President addressed an

overflow crowd on a brutally cold

day, delivering a sobering message

about the challenges ahead. Our

nation is at war against a

far-reaching network of violence

and hatred. Our economy is badly

weakened, a consequence of greed

and irresponsibility on the part of

some. But he lls tried to give

Americans some new hope for the

future. Record numbers turned out

to hear his message. The bitter cold

and the crush of the crowd couldn't

keep people from witnessing this

moment in history. I just can't

believe one man can have all these

people here. It's a moment in

history that I wanted to be a part

of. The National Mall was maxed out

by 9:00 this morning. With by 9:00 this morning. With such enormous crowds, there's

unprecedented security following Mr

Obama wherever he goes. There'

8,000 police officers here and 32,000

32,000 military personnel. Now the

big party begins kicking off with a

big parade down Pennsylvania Avenue.

In Washington, Joel Brown, Ten News.

We'll go live to Washington shortly

for the Inauguration Parade as well.

Barack Obama's inauguration has

been celebrated across Kenya, been celebrated across Kenya, the

birth place of the new President's father. Parties and rallies were

held in the lead-up. Many watched

the event in outdoor screens. The

hope in Africa is that an Obama

presidency will improve conditions

in the impoverished continent.

The Federal Government is coming

under pressure to announce a second

stimulus package immediately. Most

Australian economists say that

Australia can't avoid a recession.

The Prime Minister isn't ruling

any stimulus option in or out. We

remain resolved to take whatever

action is necessary and we'll do it

in a calm, measured and methodical

fashion. Next go. The Opposition is

pushing for the Government to bring forward

forward tax cuts before the next

financial year.

It's being hailed a miracle at sea,

but it could be a hoax. Two Burmese

fishermen claim to have survived

25 days in icy seas in a big ice

box.

It's believed the two men are now

being kept in a holding facilities

here on Horn Island. here on Horn Island. Immigration

officials have confirmed they are

in their custody after they were

released from the hospital on

Thursday Island earlier today. The

two men were rescued by crewmen

Ben Darlington and Daryl xufl

donnelly about 16 nautical miles

from here bobbing in a large red

esky. I think he was swimming to me

faster than I was swimming towards

him. He grabbed me and I had to push

him away and put the on him. The

men told officials that they'd been

fin fishing when it splintered fin fishing when it splintered and

all other 18 men drowned. She said

they survived by drinking rain

water. But sources tell us that

during interviews with officials, during interviews with officials,

they did use the word "refugees".

Others have also said this Others have also said this they

didn't look like thed anticipate

been at sea for 25 day, but more

like they'd been at day for like they'd been at day for a

couple of days. Immigration

officials are now trying to make

head of the fishermen's tales.

Another big night at the Australian

Open tonight with local hopes

Jelena Dokic and Bernard Tomic on

court. Last night, fans were treat

today a clinical display by Rafael

Nadal. He needed 17 minutes to take the match.

Aussie Sam Stosur also moved

through after a straight sets win

over the Czech player Klara Zakopalova.

Meantime, Lleyton Hewitt insists

he'll be back late next year after

an injury interrupted preparation

contributed to his loss in the

Australian Open. He lost to

Fernando Gonzalez. In behind sight,

when you haven't had the matches

and haven't played the five sets and haven't played the five sets

for quite a while, you're always for quite a while, you're

going to be fighting it a little

bit. It's the first time in seven

years that Hewitt has failed to

advance past the opening round. US

stocks opened sharply down

overnight and are set to close

firmly in the red with just minutes

left to trade. For the details, I'm

joined by Juliana Roadley from

Commsec. Barack Obama made

particular note in his inauguration

speech to fix the markets, get the

bank bail-out right, but stocks

failed to listen? Yes, Obama said

the state of the economy needs a

call for action and he wants it to

be bold and swift. He said he will

act, not only to create jobs, but

to lay a foundation for growth. But

investors pushing that aside. They're worried about the bank, and

it is not only in the banks, it's

in the UK and the res of Europe.

The DOW is down 200 points and the

NASDAQ is down. Our market is set

to open down around 60 points today.

OK, thank you for your time OK, thank you for your time Juliana Roadley from Commsec.

A quick look at the weather:

More on the inauguration

celebrations in Washington after this short break.

This program is captioned live.

welcome back. Barack Obama has been

sworn in as the 44th President of

the United States of America. A

crowd of more than a million people

packed in the National Mall in

Washington. Nicole Strahan is in

the capital and joins us live. An

extraordinary day, but a day many

thought would never come. Good

morning, again. A day many thought

would never come. The day an

African American man would become

the President of the United States.

And Barack Obama did become the

44th President of the United States

in front of a sea of people

stretching from the Capital

Building all the way to the

Washington monument. About 2km that

stretch was, and many of them had

waited hours and hours in freezing

temperatures here in Washington

just to be part of this moment just to be part of this moment in history. As Barack Obama took the

Oath of Office, there was a bit of

a stumble, but nevertheless, change

has come to America according to

many of the people who witnessed

this moment. I Barack Obama do

solemnly swear I Barack Obama do

solemnly swear. That I will execute

the office of President to the

United States faithfully. That I

will ex cute... Faithfully the

office of President of the United

States faithfully. And will do the

best of my ability. And will do the

best of my ability. Preserve,

protect and defend the constitution of the United States. So help me

Congratulations God. So help me God.

Congratulations Mr President.

And Nicole, what is the feeling.

live Did Obama's inauguration speech

live up to expectations? Tim, no

analysis doubt there will be a great deal of

analysis over the days to come, but

in speaking to people who were in

Washington for this momentous

occasion, they were in awe of the

speech that Barack Obama delivered

here today. It was a speech in which he laid out the challenges

that face America. He also touched

on the history of the United States

and the challenges it has faced in

the past and how it has managed to

overcome them. It was also a call

to duty, because Barack Obama

firmly believes that only by

working together in community

service can America achieve

greatness once more. I stand here

today humbled by the task before us.

Grateful for the trust you've bestow

Mindful of the sacrifices borne by

our ancestors S I thank President

Bush for his service to our nation.

As well as the generosity and

co-operation he's shown throughout

this transition. 44 Americans have

now taken the presidential oath.

The words have been spoken during

rising tides of prosperity and the

still waters of peace. Yet, ever so

often, the oath is taken amidst

gathering clouds and raging storms.

And these moments, America has

carried on, not simply because of

the skill or vision of those in

high office, but because we, the

people, have remained faithful to

the ideals of our forebearers and

true to our founding documents. So

it has been, so it must be with

this generation of Americans, that

we are in the midst of crisis is

now well understood. Our nation is

at war against a far-reaching

network of violence and hatred. Our economy

economy is badly weakened, a consequence of greed and

irresponsibility on the part of some, but also our collective failure to make hard choices and

prepare the nation for a new age.

Homes have been lost, jobs shed.

Businesses shattered. Our

healthcare is too costly, our

schools fail too many, and each day

it brings further evidence that the

ways we use energy strengthen our

adversarys and threaten our planet.

Today I say to you that

Today I say to you that the

challenges we face are real. They

are serious and they are many. They

will not be met easily or in a

short span of final, but know this

America, they will be met.

On this day, we gather because we

have chosen hope over fare. Unity

of purpose over conflict and

discord. On this day, we come to

proclaim an end to the petty

grievances and false promise, the

recriminations and worn out dogmas

that for far too long have

strangled our politics. We remain a

young nation , but in the words of

scripture, the time has come to set

aside childish things. The time has

come to reaffirm our enduring

spirit, to choose our better history, to carry forward that

precious gift, that noble idea

passed on from generation passed on from generation to

generation, the God-given promise

that all are equal, all are free

and all deserve a chance to pursue

their full measure of happiness.

Knack to Nicole Strahan and what is

President Obama -- back to Nicole

Strahan and what is President Obama

up to now? Well, after the

inauguration ceremony, he attended

a private lunch and then on to the

inauguration day parade. People

have already begun lining the

route down Pennsylvania Avenue to

the White House. And the new

President Obama and his new

Vice-President Joe Biden will lead

that parade of about 10,000 people,

representatives from around the

country. And then this evening, the

party gets under way with ten

official inaugral balls, the new

President and his new First Lady

Michelle Obama will atend them all. Michelle Obama will atend them all.

Thank you, Nicole. We'll cross back

shortly for the latest on

Inauguration Day and also for the

Inauguration Parade. By the way, we're reading that the error in the

Oath of Office was made by the

Supreme Court chief justice John

Roberts who put "faithfully in the

wrong place.

Thousands arrived at Washington

National Mall last night camping

out to get the best spots. By dawn,

the stretch was filling up the stretch was filling up fast. Three hours before the ceremony

began, most of the national Mall

was filled to capacity and the

crowds were being directed more an a mile a mile away.

The inauguration has also been

eagerly watched, with parties

around Australia. Our reporter has

been out and about in Sydney. Yes, good morning right across

Australia. Thousands have burned

the midnight oil to mark the 44th

inauguration of a US President.

Check out this house here in

Eastwood. They've gone all out.

They've been going for 10 to 12

hours and they're just settling

down to breakfast. We're going to

find out why they've gone to o so

much trouble to mark the start of a

new presidency. Why on earth would

you want to get out of bed so early

in the morning on a week day. It is

not just a party for those in

America, it is a party for us in

Sydney. You don't want to tell the

grand kids that you missed Obama's

inauguration. What is it about Obama's inauguration that makes

this such a special event. I think

it really brings a new sense of hope, not only to America, but to

us as well. For so long, we've been

so cynical about America and so

cynical about what it's been doing

in the world. And I think this

today signals the end of that and

the beginning of a new era. And it's

been a lot of fun. You have the pan

cakes and the cereal going.

Pancakes and tea and champagne. Not

a very American breakfast? No,

still working on that. Well, it has

been a truly historic event right around the world, especially here around the world, especially here

in Eastwood where there's been in Eastwood where there's been a

real buzz and a real optimism about the country.

Thank you. A bit of that going on

this morn. And investigators in

Melbourne are trying to work out if

a scrub fire which damaged two

homes was deliberately lit. It

started behind a supermarket and quickly spread through five

hectares of bush land. It was nerve

racking. We had a young fellow on

the roof trying to hose it down. Helicopters water bombed the flame.

Australian aviation pioneer Nancy Bird-Walton will be farewelled at a

State funeral. She died last

Tuesday just months after seeing

the A380 named had her honour. The

A380 will fly in her honour.

Afterwards, three Tiger Moth planes

will fly over Sydney harbour. will fly over Sydney harbour.

A massive night for home town

heroes at the Australian heroes at the Australian Open

tonight with Jelena Dokic and

Bernard Tomic headlining action on

Centre Court. Sam Stosur joined a

strong Aussie continge yent with a

strong win over Klara Zakopalova.

He's the tournament's top seed, and

last night showed why.

COMMENTATOR: Man, those are just

physics. Rafael Nadal put on a

relentless tennis clinic. He took

the match in three quick

power-packed sets. His title campaign well and truly on track,

this time with a number one on his

back. I feel the same. I have the

same goal. Just try to play my best tennis

tennis and well, just change a

number. And that's not a lot. And

Australia's Sam Stosur was plagued

by leg cramps and unforced errors

in her match against Klara Zakopalova. The world number 48 watched

watched a 5-1 first set lead

evaporate, but eventually found her

rhythm. The 24-year-old won both

sets in a tie breek. The second she

nailed 7-0. I don't think I've ever

won 7-0, but as I said out there, I

was pretty happy it happened

tonight for the first time if it

was. You never expect that to

happen and she made some errors in

the tie break so it was lucky for

me to get through.

Finance news now and Kath has a

check of the markets.

Thank you. Well Barack Obama's

inauguration has failed to give the

markets any lift this morning. US markets any lift this morning. US

bank shares have plummeted and

fears of a global recession

continue to spook investors. In the

UK, Lloyds Bank shed a third of its

value, but the losses are across

the indexes were limited by gains

in drug and oil stocks.

Commodities and oil and gold are

higher this morning as is the US

dollar against most major currencies.

Our market will open weaker today.

The weather for today quickly:

More of our continuing coverage More of our continuing coverage of

President Obama's inauguration after the break. BUT FIRST, THE PRIME MINISTER'S DEPARTMENT, HAS REPORTEDLY GIVEN AN EXTRA MILLION DOLLARS, TOWARDS THIS YEAR'S AUSTRALIA DAY LIVE CONCERT, TO ENSURE THE EVENT GOES AHEAD. THE FESTIVITIES WERE UNDER THREAT, AFTER THE NATIONAL CAPITAL AUTHORITY, WITHDREW ITS FUNDING OF THIS YEAR'S CELEBRATIONS. THE ORGANISATION SAYS, SINCE THE FEDERAL SAYS, SINCE THE FEDERAL GOVERNMENT CUT IT'S BUDGET, IT DOESN'T HAVE THE FINANCES, TO SUPPORT EVENTS SCHEDULED FOR THE LONG WEEKEND. THE COOMA MONARO SHIRE COUNCIL, WANTS LOCALS TO

PUT FORWARD THEIR IDEAS, FOR THIS YEAR'S MANAGEMENT PLAN. OF A FOUR YEAR OUTLINE, OF THE COUNCIL'S GOAL AND OBJECTIVES, WITH THE BUDGET FOR THE PROJECTS SET OUT ANNUALLY. THE COUNCIL SAYS, IT'S AN OPPORTUNITY FOR MEMBERS OF THE COMMUNITY, TO HAVE A SAY, ON WHAT THEY WOULD LIKE TO SEE HAPPEN IN THE REGION OVER THE NEXT 12 MONTHS. DETECTIVES IN QUEANBEYAN, ARE STILL ON THE HUNT, FOR THE PERSON BEHIND A SERIES OF ATTACKS, ON A-T-M'S OVER THE LAST FEW MONTHS. THE FIRST ATTACK, HAPPENED AT BATEMAN'S BAY ON THE 18TH OF DECEMBER... WHEN AN A-T-M IN PERRY STREET, WAS BLOWN UP... WITH A MODERN, TRAY BACK UTE, SEEN DRIVING AWAY FROM THE SCENE AT THE TIME. TWO DAYS LATER, AN A-T-M IN QUEANBEYAN WAS ATTACKED... IN BOTH CASES NO MONEY WAS TAKEN. POLICE ARE STILL CALLING FOR WITNESSES TO COME FORWARD. CANBERRA'S LOCAL WINE INDUSTRY, IS FACING A CRISIS OF ITS OWN, SINCE THE GLOBAL CREDIT CRISIS. NATIONAL EXPORT LEVELS, DROPPED, BY 18 PER CENT, DURING TWO THOUSAND AND EIGHT. AND DESPITE THE PERFECT WEATHER CONDITIONS, FOR A BUMPER CROP... THE INDUSTRY IS FACING ONE OF ITS

TOUGHEST YEARS, IN OVER A DECADE BECAUSE OF THE FINANCIAL CRISIS. TO SPORT, AND THE RAIDERS, HAVE ANNOUNCED THEIR TEAM, FOR THE OPENING TRIAL GAME AGAINST THE CRONULLA SHARKS, IN QUEANBEYAN THIS WEEKEND. THE GREEN MACHINE SELECTORS, HAVE GONE WITH A SLIGHTLY INEXPERIENCED SQUAD FOR THE MATCH... SAVING THE MORE EXPERIENCED PLAYERS, FOR THE N-R-L

TRIALS LATE NEXT MONTH. BUT FANS CAN EXPECT TO SEE JOEL THOMPSON, JUSTIN CARNEY, AND TOM LEAROYD-LAHRS, ON THE FIELD IN QUEANBEYAN... THEY'VE ALL BE NAMED IN THIS WEEKEND'S SQUAD. NOW HAVING A LOOK AT TODAY'S WEATHER... WEATHER... A TROUGH OF LOW PRESSURE EXTENDS INTO NEW SOUTH WALES - THIS TROUGH WILL DEEPEN AND EXTEND FURTHER SOUTH BRINGING SHOWERS AND SHOWERS AND STORMS. ACROSS THE NATION - SHOWERS AND STORMS FOR CANBERRA AND NATION - SHOWERS AND STORMS FOR CANBERRA AND SYDNEY - BECOMING SUNNY IN MELBOURNE - SHOWERS AND AN INLAND STORM FOR DARWIN CHECKING OUT WHAT'S HAPPENING ACROSS SOUTHERN NEW SOUTH WALES - A FEW SHOWERS AND THE CHANCE OF A FRIDAY - WE HAVE THE CHANCE OF AFTERNOON STORMS AND IT SHOULD BE BECOMING FINE, BY THE WEEKEND This program is captioned live. You're watching a special edition of Ten News.

More nan a people have gone to

Washington to watch the dawning of

a new political era. Barack Obama

has been sworn in as the United

States first black President and

commander in chief. I Barack Obama

do solemnly swear. I Barack Obama

do solemnly swear. That I will do solemnly swear. That I will

execute the office of President to

execute the office of President to

the United States faithfully. I

will execute... Faithfully the

office of President of the United

States faithfully. And will do the

best of my ability. And will do the

best of my ability. Preserve,

protect and defend the constitution

of the United States. Preserve, of the United States. Preserve,

protect and defend the constitution of the United States. So help you God. So help me God. Congratulations Mr President.

And President Obama has delivered

his inaugral address. Perhaps one

of the most anticipated speeches

in political history. Our challenges will may be new. The

strums with which we meet them may

be new. But those values upon which

our success depends, honesty and

hard work , courage and fair play,

tolerance and curiosity, loyalty

and patriotism, these things are

old. These things are true. old. These things are true. They

have been the quiet force of progress throughout our history.

What is demanded then is a return

to these truths. What is required

of us now is a new era of

responsibility and recognition responsibility and recognition on

part of every American that we have

duties to ourselves, our nation and

the world , duties that we do not

grudgingly accept, but seize

gladly, firm in the knowledge gladly, firm in the knowledge that

there is nothing so satisfying of

the spirit, so defining of

character in giving our all to a difficult

difficult task. This is the price

and the promise of citizenship.

This is the source of our confidence, the knowledge that God

calls on us to shape an uncertain

destiny. This is the meaning of our

liberty and our creed, why men liberty and our creed, why men and

women and children of every race

and every faith can join in

celebration across this magnificent

Mall. And why a man whose father

less than 60 years ago might not

have been served in a local

restaurant, can now stand before

you to take a most sacred oath.

So let us mark this day with

remembrance. Of who we are and how

far we have travelled. In the year

of America's birth, in the coldest

of months, a small band of patriots

huddled by dying camp fires on the

shores of an icy river. The capital

was aban oned. The enemy was aban oned. The enemy was

advancing. The snow was stained

with blood. And a moment when the

outcome of our revolution was most

in doubt, the father of our nation

ored these words be read to the

people. Let it be told to the

future world that in the depth of winter

winter when nothing but hope and

virtue could survive, that the city

and the country alarmed at one

common danger came forth to meet

him. America - in the face of our

common dangers, in this winter of

our hardship, let us remember these

timeless words. With hope timeless words. With hope and

virtue, let us brave once more the

icy currents and endure what icy currents and endure what storms

may come. Let it be said by our

children's children that when we

were tested, we refused to were tested, we refused to let

this journey end. That we did not

turn back, nor did we falt. And

with eyes fixed on the horizon and

God's grace upon us, we carried

forth that great gift of freedom

and delivered it safely to future

generations. Thank you. God bless

you. And God bless the United

States of America. President Barack Obama. And bleary

eyed and aching with the cold, a

crowd poured into Washington crowd poured into Washington to

witness the historic event.

More than a million people watch as

Barack Obama was sworn in on the

Lincoln bible as the first Lincoln bible as the first African American President. Preserve,

protect and defend the constitution

of the United States. So help you

God. So help me God.

Congratulations. The 44th President

addressed an overflow crowd on addressed an overflow crowd on a

brutally cold day, delivering a sobering message about sobering message about the challenges ahead. Our nation is at war against a far-reaching network

of violence and hatred. Our economy

is badly weakened, a consequence of greed and irresponsibility on the

part of some. But he also tried to

give Americans some new hope for

the future. The record numbers

turned out to hear his message. The

bitter cold and the crush of the crowd couldn't keep people from witnessing this moment in witnessing this moment in history.

I can't believe that one man can

help all these people here. It's a

moment in history that I wanted to

be a part of. The National Mall was

maxed out. With enormous crowds,

there's unprecedented security following Mr Obama wherever he goes.

There's 8,000 police officers here

and 32,000 military personnel. Now

the big party begins kicking off

with a big parade noun Pennsylvania

Avenue.

That parade hasn't begun, so we

can't bring that to you. But Barack

Obama's inauguration has been

celebrated across the world. In

Kenya, the birth place of Obama's

father, parties and rallies have

been held. Supporters paraded

through the streets and watched the

inauguration on outdoor screens. Also inauguration on outdoor screens. Also celebrating the inauguration

was the small town of Obama in

Japan. The town that shares its

name with the new President had

performances from Hula dancers.

Back home, there will be a few

tired eyes around today. Thousands

of Australians woke early to watch

the inauguration live. Many

gathered at public venues and

parties. Visiting Americans and

expats joined in to mark the

occasion and soak up the party atmosphere.

To other news and a 4-year-old girl

has drowned at a suburban beach in

Melbourne. Her disappearance

sparked a full scale search

including a police helicopter. Four

hours later, police found her body

on the foreshore two kilometres

from when wr she was last seen.

The heat and winds have sparked a

bushfire in Melbourne.

battled with the crews to save bushfire in Melbourne. Residents

their homes, but two were damaged.

It took more than a hundred crew

members to bring it under control.

Investigators will now try to

determine if the fire was

deliberately lit.

There are growing calls for the

Government to implement another stimulus package amid fears

Australia can not avoid a recession.

Prime Minister Kevin Rudd is

touring the nation saying he's

listening to the fears of ordinary

Australians. The Opposition says

the best way forward is tax cuts.

And more arrests are expected after two men were charged in relation to one of Australia's longest running murder investigations. Two

men were arrested at a Sydney cafe yesterday. Police have been hunting

the pair for months over the murder

of a drug dealer in 2001. Police

seized a collection of seized a collection of police

uniforms and badges. Immigration authorities will today interview two Burmese men plucked interview two Burmese men

from the Torres Strait after

apparently spending 25 days

drifting in an esky. They told them that they were that they were the only survivors

of a Thai fishing boat. The men

were in good health despite their ordeal.

Another big night at the Australian

Open tonight with local hopes Jelena Dokic and Bernard Tomic on

court. Last night fans at Melbourne

Park treat today a clinical display

by Rafael Nadal. He needed just 77

minutes. He took the match 6-0, 6-2,

6-2 and will now meet Rocco Karano

-- Roko Karanusic in the second round.

Sam Stosur will a win over Klara Zakopalova. Sam Stosur will move through after

Meantime,

Meantime, Lleyton Hewitt insists

he'll be back next year after an inter-interrupted preparation .

Hewitt played a typically gutsy

match before losing in five sets

to Fernando Gonzalez. When you

haven't had the matches and haven't

played five sets for quite a while,

then you know you're always going

to be fighting it I guess a little bit.

It's the first time in seven years

that Hewitt has failed to advance

past the opening round.

To breaking news and two spect

atators, Ted Kennedy and Robert

Bird have collapsed at Obama's

special lunch. Senator Bird is said

to have had a seizure. Senator

Kennedy has been unwell being

months. treated for brain cancer in recent

For the latest now on how the

markets are reacting. To America's

new President, we'll cross to

Juliana Roadley. Barack Obama made

particular note in his speech to

fix the markets, get the bank

bail-out right but stocks failed to listen.

listen. Obama said that the state

of the economy calls for action to

be bold and swift. He said that he

will act, not only to create new

jobs but to lay a foundation for

growth. He added that there needs

to be a watchful eye, and without a

watchful eyes, things spread

out-of-control. Looking at the

losses across the globe and in the

banks and worried about the turmoil

in the banks and selling off, the

DOW off 248 and NASDAQ down. Our

markets set to open down around 80

points this morning. OK, thank you

very much. So Tim, a pretty dark

day for banks. It won't bode well

for stocks here, but I think the

focus might be on President Obama

today. That's for sure. That's it for this special edition

of Ten News. We'll have more on the

morning inauguration in the morning

news at 11:00 with Kath. See you at 11:00.

That I will execute the office of

the United States faithfully. That

I will execute faithfully the office

office of President of the office of President of the United

States faithfully. And will do the

best of my ability. Preserve,

protect and defend the constitution of the United States. Preseven,

protect and defend the constitution

of the United States. So help you

God. So help me God. Supertext Captions by Red Bee Media Australia www.redbeemedia.com.au