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

View in ParlView

(generated from captions) This Program is Captioned


Politicians dither as Washington's debt deadline

ticks closer. The bill is ticks closer. The bill is not

perfect. I never said it was

perfect. It will be defeated.

They know

grieving parent targeted by the

now defunct 'News of the

World'. If all of that is true,

it's just rank hypocrisy,

complete and utter hypocrisy. Dog home's best friend - a Melbourne man's

donation has tails wagging. And Australian Steve Magoffin swims

Shanghai. COMMENTATOR: The into the record books in

Thorpedo has been superseded by

the Missile. You bloody beauty!

Hello and welcome to ABC News across Australia. I'm across Australia. I'm Ros

Childs. On the local share

market, banks and telecoms are

on the way up. Not so Ords, though:

More finance later in the bulletin. It's starting to look

like a poker game with the

highest possible stakes in

Washington at the moment. The

US Government only has a few

days to negotiate a higher debt

limit to avoid a damaging

default, and the Democrats themselves further into their Republicans are digging

trenches as the political

skirmishes continue. For more

correspondent Craig McMurtrie on the crisis, let's go

in Washington. Tensions are

running high. It looks like the Republicans are starting to panic? Yes, Ros, confusion,

frustration, perhaps even a

sense of panic. John Boehner, the Republican Speaker, wanted

to push through his plan, $2.5

trillion in cuttings over 10

years. He wanted that in debt ceiling. He has been to get approval to lift the

trying to bring hardline

Conservatives on side. Tonight

a vote was expected about 4

hours ago. It hasn't

He is locked away, trying to

broin those Conservative

hardliners over to his side,

but it really is turning into a struggle for control of the

Republican party between the

establishment Republicans

represented by John Boehner and the hardliners. Earlier today

he called a press he called a press conference.

He didn't hide the fact that

there was some

the ranks, but he was certainly

sounding confident. The bill

is not perfect. I never said it

was perfect and nobody in my Caucus Caucus says it is perfect,

about you what this bill

reflects is a sincere, honest

effort to end this crisis in a bipartisan way, to send it to

the Senate where it can receive action. Now, President Barack

Obama has been keeping a low

profile. He hasn't said much in public since his national

address at the start of the

contrast with what happened the week. No,

previous week where he was calling Congressional leaders

to the White House to try to

hammer out a grand plan, a compromise. He hasn't been compromise.

heard of N a sense that's bus

these procedural votes were

another round of negotiations expected to clear the air for

for a compromise, because the

weird thing about this is even

if John Boehner get this vote

up tonight, which remains to be

seen, he is putting his leadership on the line

effectively over this, it's

dead on arrival in the

they will not support it

because they don't like the

part of it that says there

would be another debt ceiling

vote next year in the lead-up

to the 2012 election. Harry

Reid was emphatic in a press conference earlier today saying

Democrats would not support

it. It will be defeat. They

know that, the American people

now should understand that

clearly. No Democrat will vote

for a short-term bandaid approach that would put our

economy at risk and put the

situation that we are in today nation back in

just a few short months from

now. So, Craig, the deadline is

August 2nd, and it looks like

it's going to come down wire? It certainly does. With it's going to come down to the

each passing hour, the

unthinkable becomes a bit more

thinkable, that they might not

get a deal before this August 2

deadline. Now, the other factor

in all of this is John Boehner

has been the principal

negotiator for the Republicans

with the President. If he is

this weakened, if they can't go et

weakened, it's hard to see how

they hammer out they sort of compromise. Treasury is said compromise. Treasury is said to

the government operating if be working on a Plan B,

there isn't a deal to lift the

debt ceiling by August 2, but

given the uncertainty tonight

it would be very interesting to

see how the US markets react

when they open in the

morning. Craig, thank you. As

an the clock ticks down, how would

an American default affect us

here in Australia? Here is Bill Evans, the Evans, the chief economist at

Westpac. Bill Evans, how

worried are you that the

Americans will not reach a

decision on raising the debt

ceiling? We have been fairly

complacent about this. We thought it would be incredible

that they wouldn't reach a conclusion, so the markets have

been a little slow to react to the possibility that this may

in fact not happen. I think

there is still a fair bit of market reaction that could still happen if this situation

and that's isn't going to resolve itself

are the options then and how

would those options affect

things here? I think three

options. The first one is they

get a bill through. The second one is that they don't but they

find ways to still make their interest rate payments which

are only 15% of their total

expenditure, and the third way, expenditure, and the third

of course, is that they default

on their interest payments. I

think the third one is

extremely unlikely. As your

piece indicated, the Fed would

be looking at ways of injecting money into Treasury would be looking at

ways to trim their spending in

other areas in order to ensure

that that default does not

occur. But of course the worry

is that the rating agencies is that the

will look at this and will have

to downgrade the US and then of to downgrade the US and then

course the shocks that will go

through the financial system

when Treasury is not AAA will be extraordinary. Some people

are talking about another

economic crisis and that will

have a big impact here, of something like 2008, I would

doubt that very much. Look,

2008 was just an extraordinary

event. I don't think we will

ever seen that again in our

careers, but certainly

dislocation concerns about the

cost of funding, blowing out of

spreads, fall in the share

market, all those sorts of things I think will be

extremely likely if we don't

get an agreement. Even if a

deal is done, confidence in the

US economy has already taken a knock. Has damage done? Well, I think the damage

is done if the rating agencies

believe that the deal is not credible

credible and that the downgrade

has to occur, and that, has to occur, and that, of

course, will be shocks all

through the system. The

interesting thing, of course s

we have been focusing on Europe

and in the meantime we've been

complacent about the US result.

Now that has really shocked us.

We're not talking about Europe

anymore and the European

situation is not really healthy, so I think about when looking at the world economy at the moment. Thank you, Bill Evans Thank you. The Federal

Government has laughed off the Opposition objections to

anti-fraud measures in the

carbon pricing package. A new

regulatory body will have the

power to investigate companies

that try to avoid paying for

their carbon emissions. Federal

Opposition Leader Tony Abbott

says carbon cop also be handing

out fines and jail sentences to

offenders. This is a draconian

new police force, chasing invisible, odourless, weightless, tasteless

substance. If people break the

law and if people commit fraud,

they commit a crime and they are punished for it, under any law of the nation. Both the

Government and the Opposition

are continuing their dueling

campaigns, three weeks on from the release of the plan. The

Chinese Government has

responded to growing fury over

last week's high-speed train

crash, vowing to mete out

punishment where warranted. Residents held a candlelit

vigil to remember

killed in an accident blamed on

signal failure after a like

inning strike. Earlier,

families of the victims flocked

to the crash site where a makeshift memorial has up. Many are angry and still

demanding answers.

TRANSLATION: We want to ask the

Government firstly what caused

the accident, secondly, was

everything done to save lives,

and thirdly, what about

compensation? 99% of us aren't

satisfieded. We're unhappy

about everything. The Chinese

Premier, another visitor to the site, against any culprits.

TRANSLATION: Should any corrupt

behaviour be found in the

investigation, it will be taken

very seriously and those

responsible will be punished to

the fullest extent of the law. The Premier also met

survivors in hospital, among

them the toddler rescued 21 hours after hours after the crash. hours after the crash. More revelations have emerged about

the extent of phone hacking at

the 'News of the World'. The

paper is now suspected

hacking into the phone it gave

to a mother shortly after her

daughter had been murdered.

Under the editorship of Rebekah

Brooks, the tabloid went on to champion the for new child protection laws.

Sara Payne is said to Sara Payne is said to be

devastated by the apparent

breach of trust, as ABC

correspondent Lisa Millar

reports from London. Sara

Payne's daughter was murdered

by a paedophile 11 years ago. The 'News of the World' and

then editor, Rebekah Brooks,

helped her fight a campaign tougher laws against sex

offenders. Now she has been

told her phone, given to her by

the paper, was hacked. If all

of that's of that's true, it's just rank hypocrisy, complete and utter

hypocrisy, and it makes you

despair, doesn't it, of modern journalism.? Sara Payne's

charity released a statement


Sara Payne was initially told she wasn't victim and she remained

trusting of the paper and Ms

Brooks. She even wrote a piece

for its final edition, describing

World' as a force for good.

Rebekah Brooks, who was

arrested two weeks ago, and has

been forced to resign as been forced to resign as head of News International, says these allegations are abhorrent

and particularly upsetting:

These latest revelations have charge of the independent

inquiry into phone hacking has

admitted that he will probably

miss his 12-month deadline

because he has so to definitely into. His inquiry

is due to start in September

(delve into) I would encourage

all to take a wider picture of

the public good and help me

grapple with the length, width

and breadth of the problem, as

it exists. Every day it an even more mammoth task. Being in the dog house is

looking pretty good at the

moment. A benefactor has left

Melbourne's Lost Dogs' Home the largest bequest in its 100-year

history. Frank Samways donated

$3 million of his estate when

he passed away three years

ago. A nearby factory has been

converted into a new vet clinic

named in his honour Frank

Samways was an amazing had great charisma and charm

and he was a total animal

lover. He left his entire

estate to animal welfare. The

RSPCA was also left $3 million

by Mr Samways.

The message "the customer is

always right" seems to be

missing the market in Australia

according to a global review of

customer service by American

Express. It found that we're

only just behind Italy when it

comes to being fed up with the service we receive, and nearly

half the Australians surveyed

say companies aren't making any extra effort to keep Charles Areni is a professor Charles Areni is a professor of marketing at Sydney

University. Well, maybe getting

less customer service than they

got before the global financial crisis. Businesses are looking

for excuses to cut back costs,

and they may have decided the

customer service is very

expensive and so they're

providing less of it. That

could be part of

another thing that this survey

has found is that people who go

to companies where they do get

great customer service tend to spend more with that company? Well, that's interesting, because survey

results and actual spending

behaviour are not necessarily

the same thing. People will be

willing to say a lot of things

on a survey. It's different

when they get to the actual store and start taking their

dollars out of their wallets.

So some of that you might have

to take with a bit of of salt. Are we just too

demanding here in Australia when it comes to customer service? Maybe exactly opposite. Australian consumers

are very egalitarian in their orientation, and so, for

example, they're less likely to complain

complain or get irate compared

to an American customer where

the customer is king, the

customer is always right, and so maybe that has led

Australian businesses to feel

that they can get away with a Australian consumers

complaining or becoming irate.

They may have miscalculated, is

what this survey shows the The

US is the Holy Grail when it

comes to customer sur vice.

Could we follow the American

model, or as you've mentioned, are the Australian

characteristics such that that would just never work here? I

don't think it would ever work

here. I think the egalitarian

sentiment is so pronounced sentiment is so pronounced in

Australian society. I often talk in the front seat of the taxi

and the symbolism is, "We're

two equals." In America you

get in the back of the taxi

the symbolism is that the taxi

driver is your servant for you

and will do what you say. I

don't think the American model will ever work here. Charles

Areni, thank you Thank you for having

having me. It cob the country's

most powerful energy plant. A new solar station new solar station at Alice Springs is the biggest in Australia to use rotating

panels that follow

path. The desert town currently

relies on natural gas for

electricity. Central Australia

is renowned for its hot and punishing summer sunlight, but

now the Sun is being put to

good use With an individual

panel on a house, obviously shading issues, but these you're really starting from a

blank sheet of paper. This is

the biggest installation of rotating solar panels in

Australia. They follow the

sunlight and produce 30% more

power than if they were fixed in the wrong maximum benefit in the middle

of summer when we need it.

That's when the heavy loads are

on the power system. Even in winter, in July, you still gets lots of sunshine. US company

SunPower has built the plant. The deal wouldn't have gone ahead without the Federal

Government funding half the $6

million construction. It would

have been very difficult for

anybody to consider because you

must understand this project

has been in the making than four years. There were many hurdles which to jump.

The cost of solar right now is

kind of like the cost of LCD

TVs five years ago. Five years

ago you wouldn't have bought an

LCD TV. Now a days they are

cheap. Alice Springs has more renters. This plant allows

people to pay a premium and use

solar energy. Up to 2700

households can opt to buy the have been double the normal

power bill, but the subsidised construction means residents will only be paying a little

more. Westpac boss Gail Kelly

has warned women not to

sacrifice their families as

they strive to climb the

corporate ladder. While the

drive to get more women into

senior positions gathers

momentum, Mrs Kelly says it's

important that priorities don't

get lost along the way. Andrew Robertson reports. Gail

and family. At one point in her

life she had four children

under four and a senior

management job in a South

African bank. I still think

about some of those years about some of those years as

blurs, I have to be honest,

just really there is a big blur

element for me about those

years because it's just

exhaustion. Addressing an aud

yents of women from the banking

and finance industry in Sydney,

Mrs Kelly admitted that in

those early years she struggled

to get her priorities right work dominated her life. You're

working so jolly hard, you feel

like you're dropping balls, you

feel like you can't cope, you

go home and feel overwhelmed

and still got the washing and

cooking to do and worried about

kids's homework and you think,

"What is this all about?" In

that kind of mode and it was my

family that would suffer,

actually. The Westpac boss said

she eventually she re-thought

her life and had to put it into life. Put them in first - your

children, your relationships,

your home, your passions, your

health, put them in first and

pay attention to them. Pay

attention to them, and then all

of the rest will give you a

happy and healthy and whole life. Afterwards, Mrs Kelly elaborated, saying it's not

worth getting to the top at any

price for either women or

men. A lot of people really

battle to get their balance right right and really sometimes

finish their careers and

they've lost something way, and they regret that and

the most important thing, the

area you can make the most

contribution and difference is to

to make sure you have sound,

solid, happy relationships and

that you're paying attention to

those big rocks that only you

can do. Mrs Kelly says women

with children need strong

support from their husband or partner as they make their way

in the world of business, and

she believes women need to support themselves by taking

the opportunities that are

presented to them. She says

that's something men are much

better at. Let's take of the markets with Alicia

Barry. Investors sitting tight

ahead of a vote to address the debt problems debt problems in the US? Well,

Ros, after a flat start, the

local market has eased back midway through the session.

Investors are on the sidelines

about the US inability to break

the impasse. The All Ordinaries

has slipped 12 points and the

ASX200 is also down by 12 points. Base metal prices were

mixed in London overnight. BHP

Billiton has given up 0.4% and

Rio Tinto is off 1%. Some

profit results as the reporting

season gets under way? That's

right. Pay TV operator Austar has tripled

has tripled its half-year

profit to almost $89 million.

The company is the subject of a

$2 billion takeover bid from

rival FOXTEL and says it's confident the deal

through despite concerns from

the regulator. Westfield has

paid $578 million for its half

share for the retail section of the World Trade Center. The

banks have been sold down

recently. How are they doing

today? Ros, some buying in the financial sector earlier on,

but now the major banks are

mixed. ANZ is out in front, up

a third of a

has slipped into red. It owns St George Bank

St George Bank which has cut

its two and three-year fixed mortgage rates. The NAB is off

slightly. A check now of the domestic market's other big

movers in the ASX top 100, and there aren't really big gains


To a very nervous Wall Street as traders waited for Washington to end

Washington to end the debt

crisis. Volatility was up and buyers in short supply:

Victoria's former police

Chief Commissioner Christine Nixon has hit back at the

critics of her new book, saying

she is not out to pick fights

or paint herself as a victim.

The book has been heavily criticised by and her likening of the Bushfires Royal Commission it a

kangaroo court is also ruffling feathers, but Ms feathers, but Ms Nixon says she

will continue to speak out when

she feels there is something

important to say. REPORTER:

You're happy to be a punching

bag? No, look, I depth see

myself as a punching bag. I can

give as good as I get. I see

myself as a woman who has been

able to achieve in an incredibly incredibly male-dominated

occupation. If I can do it, other women can, too. Libya's

rebel leadership has been dealt a crippling blow with the assassination of its commander

of the military wing. Abdel

Fattah Younes was shot dead on

his way to Benghazi for a

meeting. Once widely regarded

as No. 2 in the Gaddafi regime,

he defected in the early days

of the Libyan revolt. The death

highlights the fragile state of

the conflict which appears no

closer to resolution, especially in battleground of Misrata. 115

Tripoli Street, Misrata, a road

at the centre of an epic

struggle. And a family home

caught in the crossfire.

Shattered by bombs and bullets, charred by fire. Its

ruins are a testament to the

ferocity of what happened here.

Nadia was born in this She had four brothers when this

battle began. One was killed by

Colonel Gaddafi's men. The

other three are other three are now volunteer

soldiers of the rebel army. For

Nadia and her mother, there is

anger and grief. She hasn't any

wants. Just sad. What they want

is for Colonel Gaddafi to stand

trial. The city is still under

attack. A petrol depot was struck by rocket this week,

hardly conducive for peace

talks. The truth is that Misrata remains on a war

footing. Hundreds of its men

are are dug in, stretching for

miles along the latest front

lines. There are - they are a

little more organised, better

equipped, even if they can't

always see who they're firing

at. They plan to go all the way

to Tripoli, but progress has

been far slower than Britain

and the US had hoped for. And it's fighting, not talking that

concentrates minds here. The rebels say they won't stop

until they force Gaddafi from

power and out of Libya. With

NATO's help, they certainly have advanced, but they lack momentum. And Britain and

others may have little choice

but to ride out a war with no

clear end in sight. Let's have

a quick look at other stories making news around the world: There has been fierce fighting

in the Somali capital as

African peacekeepers launched an an offensive to protect famine

aid from attacks by al-Qaeda

militants. An African Union

spokesman says the militants are trying to prevent reaching tens of thousands of

refugees now in Mogadishu. And

two goldfish named Shaggy and Daphne have proved to be the

smallest and hardiest survivors of Christchurch's devastating

February earthquake. The fish

spent four and a half months

trapped in their tank in the city's off-limits downtown area

without anyone to feed them or

power to run their tank filter

before they became rescued. A

Hollywood film premiere Hollywood film premiere was

cancelled. Police fired beanbag

pellets at the crowd of several

hundred when they would not

disperse. To sport now and Steve Magoffin is celebrating a

landmark win at swimming's

World Championships in

Shanghai. The Australian beat a

world-class line-up in the 100

freestyle to cement his status as one of the sport's rising stars. Patrick Galloway

reports. At 20 years of age,

Steve Magoffin had the chance

to re-write the record books in

Shanghai. Since the World Championships were introduced in 1973 an Australian was yet

to win gold in this

event. COMMENTATOR: The men's

100m freestyle is under way.

Show time for Steve

Magoffin. Cesar Cielo, the

defending champion and world

record holder was the man to

beat in lane 2 and he led to

the turn 50m split, it is Cesar

Cielo, Cielo, 22:63, that is very

fast. But Magnussen in lane 4

charged home in typical fashion. Magnussen, the Magnificent! He has Magnificent! He has become the

first Australian to win this

coveted title! Oh, the Thorpedo

has been superseded by the Missile! The Australian's time

was 47.63 seconds, the first

time he swam sub-48 after the

Rae lay gold medal win on

Sunday. Earlier, Ryan Lochte

beat Michael Phelps to win the

200 IM World record perhaps for

Lochte. He is reaching for it. Lochte gets the world record. Lochte, the first

swimmer to break the world

record since the controversial

full-body swimsuits were banned

last year. The first colour

television and an 11m totem

pole - they're among the items

going on display at National Museum in a tribute to

Scottish innovation. The exhibition marks a new phase in

the life of the museum after a

major facelift. This is a of a restless people and a

restless nation. Scotland's

heritage of invention and discovery put this small

country on the map. The power

of the steam engine revolutionised industry. John Logie

Logie Baird's television

changed the lives of millions,

and as the Victorian Scots sent

out into the world, they sent

back treasures from afar. In many

many ways, the stories we tell here are in part Scotland's

engagement with the rest of the

world. There are also much

older tales, like T-Rex and the Natural History Gallery. Charles Darwin once lived on

the site of the museum. He was just a student in Scotland, but

Alexander phlegm Ming was the

real McCoy. His Nobel Prize for

discovering penicillin is a gem

in this eclectic

collection. Here we have a chance chance to re-make the universal

museum, to bring lots of

subjects together and give

people a way to understand the interconnectedness of nature

and people and ideas about

science. Scotland has a rich literary tradition,

too Edinburgh was a very great

printing centre. One of its

heirs is Alexander McCall

Smith. So what does this museum

have to say about Scotland

today? It demonstrates that

there is a spirit of confidence

in Scotland. Whatever

politically, it just will

encourage people to perhaps take a more optimistic view of the future. With 8,000 exhibits

both small and large, the

curators hope more than a

million visitors a year will

come here to gaze in wonder. To

the weather now. The satellite

shows patchy cloud about South-East Queensland in onshore winds, clear skies

elsewhere in the east and north thanks to

thanks to a broad high ridge, and cloud crossing the

south in a trough and front.

Zaterred showers and storms

from Tasmania and western New

South Wales. High from the east

coast while keeping the

interior and north dry and

strong winds should persist

over the south-west. Around the


And a final check of the

That's the news for That's the news for now.

There is continuous news on ABC

News 24 and there is also news

online. Our next full bulletin

on ABC1 is at 7 o'clock this

evening. I'm Ros Childs. Thanks

for joining us. Have a good

afternoon and a great weekend. Closed Captions by CSI. . THEME MUSIC