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Live. Osama bin Laden's last stand

inside the compound rushed by US soldiers. Where were the

Pakistanis? Any aspersions that

the Pakistan military or the intelligence knew about him and

that he was staying there is absolutely wrong. America and

much of the world breath a sigh of relief. Al-Qaeda is

something in the past. We're

hoping to bury the rest of

al-Qaeda along with bin Laden.

Ground Zero. Just The streets of New York at

feeling. I think he had his

chance. Made his mark chance. Made his mark on the world. I hope that's the world. I hope that's the end of

it. They're gonna be looking

over their shoulder for a long

time now.

Welcome to ABC News across Australia. I'm Ros Childs. On

the local share market, traders

are cautious, concerned about the high Australian dollar The All Ords is 41 points

lower. The Dow is flat, the

dollar is at 109 US cents.

The US Government is asking serious questions of Pakistan serious questions

bin about the existence of Osama

bin Laden's compound in

Abbotabad. More details have

also emerged about the daring raid by Navy SEALs that led to

the al-Qaeda leader's death.

The White House says Osama bin

hiding behind a Laden spent his last moments

to be his wife. This was a mission of extraordinary

precision. In the early hours

on a near moonless night, the

Navy SEALs flew under radar.

They were heading to this

sprawling and fortified

compound. The elite team was

planning to rappell into the

grounds but one of the helicopters stalled forcing a

hard landing. They crept

it through the complex searching

gun fight. Two of bin Laden's trusted couriers were killed.

As the Navy SEALs climbed the stairs they found their target. The September 11 standing before them. These

were heart-stopping moments for

those watching it unfold in

real-time back at the White House. Anxiety-filled perioded

of time, the lives of the

people who were assembled here

yesterday. The minutes passed

like days. The Navy

shouted at bin Laden to like days. The Navy SEALs

surrender. They refused. They

aimed straight for his head,

one of the bullets entering

just above his left eye. He

used his wife as a human

used his wife as a human shield. We're been living in an

area that's far removed from

the front. Hiding behind women

who were put in front of him as

a shield. They searched the

house grabbing computer hard of information, officials say.

Others took his body back to

the helicopter. This is where

he died, next to a queen-size bed, children's clothes in the

cupboard, a baby carriage

nearby, and discarded toys strewn throughout the home bin

Laden was killed under complete

secrecy. Pakistan didn't know

its until the Americans had left

its air space. This pinpoint

accuracy wasn't left to chance.

The team had practised scenario in a purpose-built

replica in the US. The compound

is just a little more than a

kilometre from a military base.

Pakistan's version of Duntroon. I think Duntroon. I think it's

unconceivable that bin Laden

didn't have a support system in

the country that allowed him to

period of time. Hillary remain there for an extended

Clinton was more generous in

her assessment of Pakistan's cooperation. Our partnerships, including our including our close cooperation

with Pakistan, with Pakistan, have helped put

unprecedented pressure on

al-Qaeda and its leadership.

White House officials say DNA test.s and other evidence could

v convinced them they got Osama

bin Laden. But they are considering releasing

photographs of his corpse as

further proof. Bin Laden was

buried at sea under Muslim traditions, but the White House

wants no doubt remaining the

man who terrorised America is

dead. It be crowds to gather outside the

White House as news spread of

Osama bin Laden's death.

Another focus for emotion has been Ground Zero in New York.

that made bin Laden America's The site of the terror attacks

public enemy No. 1. Craig

McMurtrie is there. How would

you describe the mood there? Is

it one of celebration, relief

or sadness at the memory of the people who died there? It's

bittersweet. I think you talk Zero, where construction

doesn't stop, they are

constantly working at this

site. All day there has been a flow of people, Americans,

coming with flags. Some of singing the national anthem.

There have been hugs, there

have been tears. They're

leaving flowers. There were

thousands last night. Today,

there's been a steady flow. The

New York City police have come

out in large numbers. You talk

to the people of the city,

shoulders now for 10 years. they've been looking over their

Some will say to you that they

want payback and they were

looking for this moment. Others

say they didn't expect to ever

have it after this long a period. But the emotion is

still very raw here. For

example, America's mayor Rudy

Giuliani was the mayor of this

city 10 years ago and really

led the way. He won a lot of

prize for that. The emotion is

still very raw for him as well.

He said he won't be making a special visit to Ground Zero. He has a lot of mixed feelings. special visit to Ground Zero.

We living a lot of those

memories is difficult. There is

a final blessing for all of

these people. When you saw what

happened last night, even though I was a little uncomfortable with the celebrations, it tells me people haven't forgotten those have been looking over their

shoulders, but are they also

worried about possible reprisals? New York could

be a target? Yes, I mean,

again, you speak to them, they

tell you that they know New

York is still a target. They

are still living with that

fear. That doesn't diminish the

importance, they say, of the

elimination of Osama bin Laden.

But if you talk to family members also

people on 9/11, people who died

in the Twin Towers, they

certainly say that this isn't

going to bring their loved ones back, they expect

will still be living with fear

here, city officials say they

have the city on a height of

statened alert, they have no

specific information. There is

concern of reprisal. What

about President Obama's stocks?

Will this have a lasting effect

on his leadership, on the next presidential

has a lasting effect I think

it's too early to say. Remember

it was only a few days ago he

was being criticised. His style

of leadership was coming under criticism. Universally

across-the-board, his opponents

had praised the way the had praised the way the administration has handled

this. The security experts are saying that this operation was

breathtaking, that there was a

large amount of risk, but there

was of course the pay-off of capturing or killing Osama bin

Laden and Barack Obama is actually coming here to New

York to visit with 9/11

families on Thursday. That's in

two days' time. And he will be

welcomed here with open arms. Craig, thank Craig, thank you. Osama bin

Laden's safe house built as

recently as 2005 in the

Pakistani town of Abbotabad is

just two hours' drive from his

country's capital. It's raised

questions about whether he had

support from within the country's intelligence

very little about the al-Qaeda

leader in their midst. It was

perhaps more of a surprise here

when the news broke than it was when the news broke than it was

anywhere else. But anywhere else. But American

attack helicopters may have

flown undetected for hundreds

of miles into Pakistan is just incredible detail of this mission that the people here are trying to suggest. Nobody

living in the villas close to

Osama bin Laden's compound

could quite understand what was happening in their massive noise. We all ran out

into the street. We saw

helicopters covered. Then there

were more explosions and a fire

but we had no idea what they were targeting. It's clear

some are finding it hard to

accept the world's most wanted

man was living amongst them. I

still don't believe that. My

perception is that this is just another of their political

strategies for the extraordinary that Osama bin

Laden was killed here in this

beautiful, tranquil valley in

northern Pakistan. Astonishing,

too, that the compound in which

he was killed is such a short

distance from Pakistan's

military academy, a place where

Pakistan's military chief

visited only a week ago. Prime

Minister Gilani has called it a

huge victory but he is fielding

huge victory but he is fielding uncomfortable questions about

how the al-Qaeda really have gone unnoticed under Pakistan's nose. Bin

Laden is coming to Pakistan has

only brought violence over the years. The fear years. The fear here is that

his death at this compound will

do little to change that. James

Brown is a former Australian soldier who served with Special Forces

in Afghanistan. He now works

with the Lowy Institute in Sydney. The most difficult part about an operation like this is

making sure you can lock down

exactly where a target like bin

Laden is. And know that he's

there for a reasonable amount of time to of time to mount a force of time to mount a force from

outside the country or outside

the region and get them to his

location in order to launch the

assault. That's very difficult

to do. But can you ever be

100% sure about

a situation like that? It's very difficult. But in this case, the US had to be 200%

sure. This was a mission deep

into Pakistan, right

one of the most prestigious

Pakistan military academies where Pervez where Pervez Musharraf was

trained. If it had gone wrong,

if they hadn't got bn bin t would've been extremely

problematic for them and

extremely sensitive. It seems

incredible that two dozen US

operatives went in to Osama bin Laden's hide-out, Laden's hide-out, presumably

the most secure location in Pakistan

they all managed to make it out

alive with Osama bin Laden's

body. It just shows you how body. It just shows you how professional these forces are.

The reports coming out Washington this morning suggest that they

that they had a replica of his

compound built, that they'd

been rehearse ing on it for

months. It's like the famous

song in Vietnam which wasn't a

success but was perfectly

executed. This raid almost went

down without a hitch, except

for that one helicopter downed fire from bin Laden's fire from bin Laden's compound. There is a debate

about whether Pakistan was

aware that the operation was

being conducted. All that Pakistan, whether Pakistan, whether they had

failed to pinpoint Osama bin

Laden's location. The former President of President of Pakistan Pervez Musharraf has been talking

about that to American ABC's

Dianne Sawyer. Because the CIA

were very much in were very much in total cooperation with Pakistan

cooperation with Pakistan but any aspersions that Pakistan military or the

intelligence knew about him and

that he was staying there, this

is absolutely wrong. So James

Brown, would Washington have

kept the raid and its

intelligence a secret from the

Pakistani

authorities? Absolutely. This

is a highly sensitive mission, highly compartmentalised highly compartmentalised within

the US defence intelligence

community. They wouldn't have

told Pakistan anything about it

until the shooting had started in

time are we now entering from your experience, do you think

the Taliban and al-Qaeda are in a position to a position to launch retaliatory attacks on the

west? This is a huge symbolic

blow against al-Qaeda. They

will need to do something in

very short time to remind the world, to world, to remind those who fund

them and support them and fight

for them that they're still an

effective force against the United States. Whatever plans

they have on the shelf they

will be pulling them off

quickly and looking to do some kind of spectacular attack.

They will be very shy about

getting on the phone to speak

to each other. They will be very shy They know the Americans can get

any of them if they pop their

head up for long enough to be

detected by the US intelligence detected by the US intelligence

systems. Although they'll want

to do an attack, it will be very harm for them to

coordinate that. James Brown,

thank you. Afghan President

Hamid Karzai is urging the

Taliban to stop the war in

Afghanistan after the US killing of Osama bin Laden. Bin

Laden's death has drawn a mixed

reaction in Afghanistan and

Pakistan. Security forces are on alert because of fears of revenge attacks. Sally Sara revenge attacks. Sally Sara

reports from Kabul. There were

celebrations in the northern Afghan City

Afghan City ofs mes me. People

were happy to hear the end of

Osama bin Laden. The way Osama

was killed he want his followers and supporters who

destroyed the lives of our poor

people to be killed people to be killed as well. To

our people can live freefully

in our own

in our own country. President

Karzai also urged the

international community to acknowledge that parts of the

insurgency have clearly come from outside Afghanistan. We

are hopeful that America and

western countries and the world

will realise t resistance and sacrifices of the

and will respect the sacrifice

of the Afghan nation, honour of the Afghan nation, honour it and remember it. Afghanistan is

pointing to Pakistan as a

source of militancy. source of militancy. Many Afghans find it inconceivable

that Pakistani security forces

didn't know where to find Osama

bin Laden. There's an element

of anger and of weariness here

in Afghanistan. The people of

this country have endured the

consequences of the war that began with the September 11

attacks. I don't know attacks. I don't know if

Pakistanis are able to continue

with the with the state of denial and

with the policies of on the one hand supporting terrorism and

on the other hand considering

themselves a partner in the war on terror. This on terror. This will be a difficult position for Pakistan

to defend. Security forces are

on alert in Pakistan and

Afghanistan because of fears

that al-Qaeda and the Taliban will hit will hit back.

Here, the Prime Minister is

warning against complacency on

terrorism. Julia Gillard says

losing its figurehead doesn't mean al-Qaeda is out of business. The bin Laden death has disrupted her preparations

for next week's budget, but the

Prime Minister is pressing

ahead with a flurry of announcements. Today it's extra money for students with special

needs at school. From Canberra,

Simon Cullen reports. Simon Cullen reports. One

battle may be over but the war

certainly isn't. Its leader

being executed has clearly hurt

al-Qaeda but it has not killed

al-Qaeda. This is a resilient

terrorist network. Laden's death, the Prime

Minister says Australian troops

still have important work to

do. What this means is we've

got to stay the course in

Afghanistan. We are there to

prevent Afghanistan once prevent Afghanistan once again

becoming a safe haven for

terrorists. We've got to see

that mission through. On that,

there's bipartisan support. But

both political leaders are

keeping a wary eye on the

domestic battle. He has gone

off his rocker shouted one of

the fathers. And that's set intensify as budget day draws

closer. Big challenge on our

hands. I'm up for it. The

Prime Minister's rolling out

extra spending, $200 million extra spending, $200 million to

support students support students with

disabilities. We are investing

it in a tight budget because we

recognise that there's nothing

more important to the nation's

future than what's happening in

schools today. The budget

presents the government with a

circuit breaker and an

opportunity to refocus the

national debate on its preferred themes of and jobs. It needs it more than

ever. The latest opinion poll shows Labor's still shows Labor's still in

dangerous territory with a

primary vote scaping at just 33%. Tony Abbott's determined

to keep it there. I look at the

field evidence rather than the

polls. And the field evidence

is that right around Australia,

workers are more and more

concerned about the impact of

the carbon tax. You might be

fixated on numbers in the polls

today but the numbers I have today but the numbers I have fixate ed unemployment of 4.5% and

500,000 new jobs. Request that

he has locked himself away at

Treasury to finetune the

numbers.

The big banks have started

reporting their profits this

week and have expectations are

anything to go by it will be

another record-busting year.

ANZ is first out of the gates

today and business editor Peter Ryan

Ryan has been taking a look at

the banks' bottom line. Yes, stellar result. Bad debts are

down. The all-important net

interest margin is up. And deposits are growing deposits are growing quite

rapidly. But what is behind

this result of 2.7 billion dollars which is up 38%, Mike

Smith said that there is a new Smith said that there is a new

normal developing out there in Australia which is really being

caused by the high dollar,

which briefly went through 110 US cents. And also that Australians have taken a lot of lessons from the global

financial crisis and are saving

rather than spending. That's

really changing the economic landscape in landscape in Australia. The

ANZ boss Mike Smith also

offered solace to anyone paying

off a mortgage by saying the

high Aussie dollar might be

doing the job of interest

rates? He is hoping that

they'll leave rates on hold

where they have been since November believes not only is a rate rise unnecessary, but if the

Reserve Bank does decide to

move rates higher it could cripple the economy which after

all isn't a multispeed mode and worse still could stall the

economy and create a roadblock

to any recovery we might be seeing at the moment particularly after all the

weather events of earlier this

year. The big banks are

reporting in a week when they

expected to take some political

heat from a Senate Canberra? Yes, and the question

will be, will the Senate

inquiry recommend any tough new

restrictions to increase

competition in the competition in the banking

sector? Expectations are that

there probably won't be any

major new laws or regulations

to toughen life up for banks

and of course , banks have

argued quite strongly that it's

important to have strong and

profitable banks in Australia

and after all that is what

helped Australia

the global financial crisis. Peter, thank you. Some of the

other stories making news in

business. The government has

announced its nominations to head Australia's corporate and

competition watchdogs. Greg Medcraft has Medcraft has been recommended

as the new Chairman of the

Australian securities and investments commission, to

replace the man who is stepping

aside when his term ends. Rob aside when his term ends. Rob Sims is the preferred replacement for Graeme Samuel

as the head of the ACCC. Small

business confidence has rebounded up in the March

quarter. While quarter. While confidence was

rising, business conditions

eased according to an NAB

survey which found firms

reporting relatively soft cash

flows. Conditions were weakest

in construction and retail. Switzerland says it has frozen

potentially illegal assets

worth hundreds of millions of

dollars. It dollars. It seized $415 belonging to the Libyan leader

Colonel Gaddafi, $500 million

from former Egyptian President

Hosni Mubarak and another

million linked to tune nice

ya's ex-leader Ben Ali. A check

of the markets now with Nicole

Chettle. Let's start with the

banks. How are they

looking? ANZ recorded a jump in

first half profit but that

figure of $2.6 billion was still shy of analysts'

expectations. And reflected a slowdown

interim dividend of 64 cents is a

a record high still. ANZ shares

are off around 1.5%. The other

banks are a drag on the market.

Westpac is losing 25 cents. Westpac is losing 25 cents. The

Commonwealth Bank is shedding

63 cents and the NAB 63 cents and the NAB is ticking

down nearly 1%. And Fairfax

shares have taken a tumble? That's right. Revenues

in the doldrums. The media

giant has revised down its

profit outlook and it expects

market conditions to remain

subdued. The company has outlined a raft including recruiting more

reporters but it's outsourcing

subediting work for major

newspapers. Fairfax shares have

clawed back some early losses

but it's still off more but it's still off more than

7%. Another media company that publishing regional newspapers

is also on the slide. It says

first half earnings will be up

to $20 million less than the

same time last year, but it's

hopeful that conditions will

bounce back in the second

half. How is the broader market

looking? An interesting study

out from the ASX showing the

rate of share ownership has

increased in the last three

years with nearly half the adult population owning stocks.

ASX shares are off 55 cents.

The All Ordinaries is at 4884 and the benchmark ASX 200 is

down 51 points. Of course, all eyes are

eyes are on the Reserve Bank,

that's expected to keep

interest rates on hold today. A

check now of the domestic bt

market's other big movers in

the ASX top 100:

To Wall Street. Elation over

bin Laden's death quickly faded

partly thanks to a lacklustre report on manufacturing.

The Victorian ombudsman is investigating allegations

police released misleading

crime statistics. Data released before last election highlighted a drop in street assaults but it did not

mention a rise in assaults in

car parks and at railway

stations. Members. Former Labor Government have declined to

comment on the matter. I don't

think it would be appropriate to try to comment prematurely

on the ombudsman's investigation. He obviously has

a job to do. The incident was

a factor in the resignation of Victoria's Deputy Police Commissioner Sir yesterday. It came after weeks

of speculation about

deteriorating relationships

among senior Victorian police.

In Queensland a former Catholic

Bishop says he's not angry that

he has been forced out of

office by the Vatican. Bishop

William Morris of Toowoomba

negotiated an early retirement after

after an investigation by church hierarchy found his leadership was flawed

leadership was flawed and defective. It followed comments

Bishop Morris made about the

ordination of women and married

men to counter a shortage of

get a process of justice with

regards not only myself but also with the wider community, because

because if it affects me it

affects the wider community.

He says the Vatican doesn't

like questions being asked once

it's made a decision on a

specific topic. The deadly

shooting in Tucson Arizona

earlier this year which claimed six lives and injured a

Congresswoman reignited the debate in America about

advocates were convinced the

tragedy had boosted their position, but if the atmosphere

at the national convention of the powerful

the powerful gun lobby group the National Rifle Association

is anything to go by, the

national mood is quite

different.

For America's gun enthusiasts, this annual

convention is a veritable smorgasbord. Very good. people are here to check out

the biggest, the brightest, and the newest in weaponry. The

people here are very passionate

about guns and the entire

industry, so there's a lot of

excitement here. But in

amongst the hectares of

hardware is a political message

growing in urgency. We will

never back away from our

resolve to defend the rights of

all law-abiding gun owners all law-abiding gun owners in this country. There second amendment, which

protects the right to keep and

bear arms. And this crowd is in constant fear of losing

it. It's about time that

someone like the NRA stand for

what's right. Our fore fathers

set that down for us for a

reason. I hate to see it being

taken away. There is a long

history to the battle over gun control in America. The January

shooting in Tucson added another dimension. Six people died and a Congresswoman was

injured. Gun control advocates

believed the pendulum had swung. It speaks to ordinary Americans who can understand

that, yes, you know, the

Supreme Court has said there is

a right to have a gun in the

home. But there can be

reasonable restrictions thoon

right to prevent Tucsons from happening in future. What's

worrying the happen after the next

presidential election. They

think if Barack Obama is

re-elected he will use his last

term to push harder for stricter gun controls. stricter gun controls. And

they've got presidential

hopefuls on side. Republican

Newt Gingrich warned them

Barack Obama is combining

anti-gun judges with anti-gun

international treaties to

attack their rights. This new

stealth strategy I think is

very, very important that we

and we defeat it decisively. Wheel the

enthusiasts keep turning up

here and at the polling booths

it may be that the it may be that the hopes of gun

control advocates prove elusive

yet again. To the weather now.

Scattered cloud over the

country's central east along a

trough, patchy cloud over

southern Victoria in moist

south-westerly winds, mostly

clear and dry elsewhere under a

high. A front and trough should

bring a change to Victoria and

New South Wales. A large New South Wales. A large high

should keep much country's

interior clear interior clear while sending

warm and dry easterly winds warm and dry easterly winds in the west. Around the capitals:

A final check of the

markets. The All Ordinaries is 51 points lower.

That's the news for now. On

a day when more details and

more questions emerged about

the US raid in Pakistan the US raid in Pakistan that ended the life of terrorist leader Osama bin Laden. There's

continuous news on ABC News 24

and there's also news on-line.

Our next full bulletin on ABC1 is at 7 o'clock this evening.

I'm Ros Childs. Thanks for

joining us. Have a great afternoon.

Closed Captions by CSI This is Wicken in Northamptonshire which may look to you or me like a typical English village.

Over here you've got the posh manor house, and you've got the church, but 800 years ago, there were two churches and two manor houses - in fact two villages, separated by this little stream. Where we are now, was Wick Dive and over here to the south, was Wick Hamon. The current residents of Wicken are keen to find out why there were two villages here in the Middle Ages and they also want to know what happened to the church and the other bits of Wick Hamon that have long since gone. They also want to know which was here first but understandably, they're keen to establish who's got the oldest bit of the village in their back garden. Time Team have been invited here to investigate the origins of two English villages and as usual we've got just three days to dig up the answers.