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Live.

A moderate increase

which will improve the real

value of award wages and assist

the living standards of the low

paid. More than a million

workers to get an extra $17.10

a week. A nightmare for Melbourne motorists when a

stock truck overturns.

Raining sheep doesn't happen

every day. Not guilty, but

feeling it just the same. I

did an awful, awful lot that

was wrong. And this one's

rejoining the rat race - could

humans be next? Eventually a

paralysed rat regained the

capacity to sprint overground,

climb stairs, even pass

obstacles. Hello, and

welcome to ABC News across

Australia, I'm Ros Childs.

It's another day in the red for

the local sharemarket.

Australia's lowest paid

workers are getting a pay rise.

It's well short of the $26 a

week the union movement has

been calling for in its annual

wage review. Fair Work

Australia has awarded $1.4

million, an extra $17 a week.

The increase in modern award

minimum wages we have decided

on is 2.9%. Weekly wages will

be rounded to the nearest 10

cents. The national minimum

wage will be $606.40 per week

or $15.96 per hour. The hourly

rate has been calculated on the

basis of a 38-hour week for a

full-time employee. This constitutes an increase of

$17.10 per week, or 45 cent per

hour. Trade unions say they're extremely disappointed

with the decision. The ACTU's

national secretary Dave Oliver

said they were pushing for

another $9 a week for low-paid

workers. We were seeking a

$26 wage increase and as you

said, Fair Work Australia have

handed down $17 and we are

extremely disappointed in this

decision, because what it is

doing is entrenching the

growing disparity between real

wage earnings in this country

and those on the minimum rates.

Chamber of Commerce and And Greg Evans from the

Industry has slammed the

outcome, describing the

decision as very significant,

and costly. We're concerned

this will place undue pressure

on the most vulnerable parts of

the economy, those

award-reliant industries such

as manufacturing, tourism,

retail and hospitality will see

significant increases in their

wages bills and these are the

part of the economy that are

outside the buoyancy of the

mining and the mining-related

sectors and they'll be facing

the pressure of significant

increases with respect to

minimum wages. Police are

investigating a fatal house

fire in Melbourne's south-east

early this morning. A

37-year-old woman and her 5 and

10-year-old boys are feared

dead in the blaze in Clayton

South. Neighbours tried

desperately, but were unable to

save the occupants. It's

unclear the how the fire

started and political still

can't confirm exactly how many

people died. There's a lot of

damage done to the premises,

but also a lot of damage done

to the deceased as well, so

that's the reason why sometimes

you just can't tell how many

are deceased, you know, and it

was the same situation at the

Black Saturday fires. The woman's husband is believed to

be in India, where the family

is from. Motorists became part

of a bizarre traffic accident

in Melbourne's west overnight.

A truck carrying 400 sheep

tipped on a freeway overpass

sending cargo tumbling onto

cars below. Three vehicles

were caught up in the chaos.

One rolled more than four

times, but no-one was hurt. Many of the sheep, however,

weren't so lucky. There was

nothing we can do. They were

literally on top of us. We ran

straight into them. We all

scream. I slammed on the

brakes and we are so lucky. My

car is an absolute write-off,

but the sheep, I feel so bad

for them. It's horrific. The

number of animals had to be put

down by council rangers.

National Park rangers and other

Park staff in NSW have started industrial action today.

They're protesting at State

Government plans to allow

licenced recreational hunters

to cull feral animals in some

parks, as part of a deal struck

with the Shooters Party. John

Cahill is the general secretary

of the Public Service

Association. Well, PSA

members who work for the National Parks work in these

parks every day of their

working lives. Rangers and

other National Parks and

wildlife staff and they're now

being asked to go to work each

day and face the prospect of

being shot. That's the main

complaint. It's also a danger

obviously to members of the

public who come and use those

parks for bushwalking or to

have picnics or for other

rememberiational purposes.

Those people are also being put

at risk. But hunting will

only be allowed in 79 of these

799 of the State's National

Parks, and it will only be

under strict conditions, so

it's not as if anyone with a

gun will be able to go into a

National Park and start

shooting? It's 79 parks too

many in our view and, of

course, that's not the message

that's being sent. The message

now is that if you're a

licenced shooter you'll be able

to shoot in National Parks.

That's the message that is

going across. But the problem

of feral animals is a) big one

and it's getting worse. It

costs a lot of money to control

them. They are allowed to be

shot at the moment by

professional hunters, so isn't

this an effective solution if

it is tightly controlled? I

think the key word there is

'professional'. There are already professional contract hunters used. National Parks

staff themselves are involved

in feral animal eradication

programs and those programs

work well, but what is being

proposed here is that amateurs

are allowed into National

Parks. The only qualification

appears to be that you have a

gun licence. Now I don't have

any confidence that trying to

eradicate feral animals on that

basis will work. Those

programs should be done by

professionals, not by someone

who's an amateur just coming

into the park to have a bit of

a hunt and a bit of a shoot.

Your industrial action and

protest at this begins today,

what does that involve? It

involves two aspects. Firstly

we won't be providing any

advice to the minister's

office. Minister Robin Parker

who's responsible for this

debacle and responsible for

National Parks. So our members

won't be providing advice to

her anymore, nor will our

members cooperate with the

implementation of this program.

John Cahill, thank you. Former US presidential hopeful

John Edwards has walked free

after being acquitted of illegal use of campaign

donations. A jury found the

58-year-old not guilty of the

charge, while a judge declared

a mistrial on five other

counts. He was accused of

masterminding a plan to use

money from wealthy donors to

keep secret his pregnant

mistress during his bid for the

2008 presidential nomination.

While I do not believe I did

anything illegal, or never

thought I was doing anything

illegal, I did an awful lot

that was wrong, and there is

no-one else responsible for my

sons. The former Senator had

been facing up to 30 years in

prison and a $1.5 million fine

if convicted on all charges.

Swiss researchers have made a

remarkable discovery that could

one day become a giant leap for

mankind. They've got paralysed

rats walking again after

injecting them with a cocktail

of drugs and applying

electrical stimulation to their

spines. Findings have been

published in the prestigious

journal of science. Sophie

Scott has the story. It's

known that the brain and spinal

cord can recover from minor

injury, but not a severe injury

that leads to paralysis. Now

Swiss scientist have shown they

can make paralysed rats walk

again. To regenerate the

spinal cord after injury, they

administered a cocktail of

medications and applied

electrical stimulation to the

animal's back. Scientists at

the polytechnic school in

Switzerland built a robot,

which allowed the rats to walk

again. This means that the

rats can learn to walk in a

safe environment and what we

observe is that over time the

animal regains the capacity to

go from one to two steps.

Researchers say the brain was

able to establish new

connections and to relay

information down the spinal

cord past the injury. They say

they were amazed with the rat's

progress. And eventually, a

paralysed rat regains the

capacity to sprint overground,

climb stairs and overcome

obstacles. It's a leap to

doing the same in humans, but

Australian scientists are

optimistic about the findings.

I think this is a very

exciting discovery, one that's

got real implications for

people with spinal cord injury.

It provides, I think, hope that

people who previously faced a

lifetime of injury at least

some of those people may have a

road now to recovery. Swiss

researchers hope to begin human

trials in two years. To the

European debt crisis now, and the latest country in the

firing line is Spain. New figures today show Spaniards

are pulling money out of the

money and squirrelling it

overseas at an unprecedented

rate. Miners were

demonstrating on the streets of

Madrid today. They were

running battles with police.

They are one of many groups who

in recent times have protested

against budget cuts. Spain is

trying to cut its deficit while

in recession and while fighting

a growing crisis in its banks.

It was revealed today that

investors and ordinary

Spaniards had taken 66 billion

euros out of the country in

March - the largest amount

since records began. The fear

remains that some banks are

still hiding bad loans after

the collapse of the property

market. And this is the heart

of the current crisis. Bankia

is Spain's fourth largest bank

and a giant mortgage lending.

It needs 19 billion euro to

survive its bad loans and

what's unsettling the market is

the uncertainty of where that

money will come from. It is

all fuelling speculation that

Spain will need an

international bailout, although

the government insists it

doesn't need the funds. Spain

don't want to be bailed out.

You might not like to be bailed

out, but will you have to be

bailed out? No, we're not.

We don't want and we are quite

sure that we can resist the

situation for a few months.

Rescue of Spain would be

difficult. A top EU official

warned today that the single

currency could break up without

stronger policies. We want to

avoid disintegration of the

Eurozone. Increasingly, Spain

is resisting austerity. Here,

unions dropped litter at

Barcelona airport to oppose

cuts. Tonight's Spain's

economy minister said the

future of the euro would be at

stake in the next few weeks.

So with money flooding out of

Spain and a renewed warning

from top EU officials of the possible break-up of the

Eurozone are we moving ever

closer to financial meltdown in Europe. Here's Alan Kohler the

host of Inside Business with

his thoughts. Every day we

seem to hear about the need for

decisive action from Europe's

leaders. What needs to be

done? Decisive action is

require. They need to

recapitalise the banks, of all

the banks in Europe or most of

them at least, certainly the

Spanish ones. There needs to

be a much stronger move towards

a fed rated Europe. They need

to have fiscal rules that apply

to all countries. They need to

back off austerity. Austerity

is killing these countries.

Their growth is going down.

They can't get their economies moving while at the same time

they're trying to get their

debt down and also because the

banks are largely insolvent or

at least undercapitalised

they're not lending. So if the

governments are all cutting

spending and banks aren't

lending the economy has no hope

and that's really fundamentally

what's going on and there's this massive capital flight taking place. People are

taking your money, as you

heard, people are taking money

out of banks and government

bonds and putting it either in

Germany within the euro or in

other countries like the US.

But backing off from austerity

represents a 180 degree turn

from what's happening right now

on the path they're going down?

Well, that's right. Look,

the problem - there's two problems essentially that are fundamental. One is the

political disparity between the

Germans who don't want to have a bar of supporting countries

like Greece and Spain who they

believe are feckless, and so

there's this kind of political

problem. And the other is that

there's incompetence all over

the place. The Spanish

Government is trying to avoid

austerity and a bailout while

at the same time coming up with

19 billion euros to

recapitalise Bankia their bank

that they haven't got. They

have to give the bank bonds, so IOUs go to the bank. And I

think the markets are seeing

this incompetence and just

wanting to get out of the place

and that really is a toxic

dangerous combination. So

bottom line, does Germany need

to sacrifice its wealth in

order to save the euro,

briefly? Well, Germany has to

be the pay master. They have

to provide the money. No-one

else will. The IMF and China

could do it and they do need to

come in, because basically what happens in Europe will affect

the rest of the world. So China is the one country that's

got the money. They need to

come in, because Europe is

their biggest customer. They

need to support it as well.

Good to talk to you Alan, thank

you. NASA and Space X

officials are hailing the first

commercial space flight to the

International Space Station as

a Grand Slam success. The

historic milestone in space

exploration was completed today

with the splashdown of the

Dragon capsule in the Pacific.

North America correspondent

Craig McMurtrie report.

History sometimes isn't easy to

see. Splashdown happened a

couple of minutes early. But

the Dragon's capsule return

from space ended in the Pacific

Ocean. This is like a Grand

Slam. I almost feel like it's

more success than we had a

reasonable right to expect.

And launch of the Space X...

Last week after a false start,

the first commercial flight to

the International Space Station

successfully lifted off from

Florida's Cape Canaveral while

it orbited hundreds of

kilometres over north-west

Australia, Dragon was grabbed

by the space's robotic arm.

Emptied of food, water and

clothing, astronauts pronounced

it larger inside than the

Russian Soyuz space craft,

currently the only way

Americans can travel there.

There's plenty of room in here

for the envizonned crews.

Leaving the post-shuttle era

Space X has 40 launches under

contract, including a dozen

unmanned supply missions for

NASA worth $1.6 billion.

We're looking forward to

routine regular cargo.

Congratulations on an amazing

mission. Well, thank you. Instead of a splashdown under

parachute, the company's also

working on a propulsion system

that will allow the capsule to

land on land with the accuracy

of a helicopter seeking to ease concerns about commercial

operators carrying astronauts.

The billionaire founder of

Space X says a stow-away would

have survived. It is kind of

cool to think if someone had

stowed away on board the Dragon

they would have been OK. But

with the approval for manned

missions still years away, NASA

astronauts will continue to

hitch a ride with the Russians.

Let's go to some of the other

stories making news in

business. New figures show manufacturing slowing adding to

the case for interest rate cuts when the Reserve Bank Board

meets next Tuesday. According

to an Australian Industry Group

survey, May manufacturing

outputs slid to it lowest level

since September beset by weak

demand and concern about

Europe. For the first time in

a decade, Australia's going to

be self- sufficient, with the

harvest over in southern States

and just wrapping up in Central

Queensland, growers are

reporting good yields and

prices. And more than 800

Fairfax journalists in NSW and Victoria returned to work this morning after walking off the

job for two days. They joined workers at the 'Newcastle Herald' and 'Illawarra Mercury'

who went on strike on Wednesday

over Fairfax Media's plan to

outsource 66 subeditor positions to New Zealand. Time

for a check of the markets with

Juliette Saly from CommSec.

May was a tough month and it's

not such a broigt start for

June, is it? No, not at all.

We saw the market lose 7.5% in

the month of May. We've

started June down to the tune

of around 0.75% in early trade.

Not helped out by more trade on

US and most European

sharemarkets overseas. Weaker

than expected manufacturing

data locally and also out of

China all adding to woes today.

We're seeing a big fall from

BlueScope Steel, why? Facing

a hefty tax bill expected to be

in the order of more than $200

million over a dispute with the

Tax Office following a deal

struck in 2007. BlueScope

Steel shares down about 4.5% at

the moment to 33 cents. They

have been down as much as 6% in

early trade. How are the

rest of the miners going? Not

very strong. Meaning and

energy stocks looking the

weakest today. The crude oil

price has fallen to a 8-month

low on weak economic data

overnight and falls on the London Metals Exchange. BHP

Billiton off 1.5% and the

energy sector off by about 2%

at the moment. Money markets

tipping a rate cut next week,

what does CommSec think? We

are also in line with what the

money markets are thinking,

especially due to this weak

manufacturing data we got out

today, really just adding to

the weak economic data we've

seen this week with the retail

sales coming through earlier

this week. We think the RBA

should cut interest rates by at

least 0.25%. We're also still

pencilling in 0.25% cut in

August. Money markets

certainly expect it to be a

done deal. 150% chance of a

rate cut on Tuesday. That's

pretty certain. Thank you.

And Wall Street has finished

May with the biggest monthly

loss in eight months.

Lacklustre figures overnight on

dole claims and private jobs

creation added to gloom over

Spain and Greece. Queensland is considering

a move to have specialist

teaching methods for dyslexic

children in schools. If the

plan goes ahead, it will be the first State in Australia to

have formal programs targeting

the learning disability. It's

estimated up to 10% of people

suffer from varying forms of

dyslexia and parents say

they've had to seek help

outside the education system.

Advocates say they've been

fighting for more than 30 years

for targeted teaching and the

Queensland Government has given

them hope that change is on the

way. I want to make sure that

children who are suffering from

dyslexia get as much assistance

as they can in schools

throughout Queensland. To be

honest, this is the first time

that there really has been what

we think is a significant

breakthrough. The teaching

methods are used widely in the

United Kingdom and in New

Zealand. Days out from the

start of Diamond Jubilee

celebrations in London, former

Prime Minister John Howard has

been given the Order of Merit

by the Queen in a ceremony at

Buckingham Palace. Mr Howard

says it's a personal honour to

receive the award. For John

Howard, an audience with the

Queen is nothing new, but this

was different. The awarding of

the Order of Merit puts him in

a very exclusive club of just

24, including scientists,

artists and musicians. This

has a particular meaning to me.

There's a limited number of

people, and it is a personal

gift of the sovereign, it's not

on the recommendation of the

Australian Government or the

British Government or indeed

any government. It's good

timing with the Queen's Diamond

Jubilee this weekend adding

special significance to the

visit. She is a woman of

remarkable commitment to duty.

She's got many qualities. The

greatest quality she has

brought to her position is an

unflagging sense of duty and

commitment. And there was

more than a little pride for

the Prime Minister's award from

his family. Very proud that

he's been given this honour.

Very, very proud of him, and it

means a lot. He's too humble

to say too much about it, but

it means a great deal and an

enormous amount to us. Mr And

Mrs Howard will be on a boat

for the 1,000 vessel jubilee

flotilla on Sunday following

close mind the Royal barge

carrying the woman who's seen

prime ministers come and go,

and no doubt will again. Political differences have been put aside at the White House.

It's one of the rituals of

presidential life, the

unveiling of the previous

residence's portraits. The

subjects reflected on earlier contributions to the

collection. Nothing makes a

house a home like having

portraits of former occupants

staring down at you from the

walls. And the latest

editions... I'm also pleased

Mr President that when you were

wandering these halls as you

wrestle with tough decisions

you'll now be able to gaze at

this portrait and ask, what

would yours do? President

Obama praised his predecessor's

strength and resolve and for

making his own transition to

the White House seamless. In

India, record petrol prices

have led to protests around the

country. The price rise has

come as figures show economic

growth slowing to its slowest

pace in three years. India

correspondent Richard Lindell

reports. Thousands vent their

anger at the unprecedented 11%

jump in petrol prices. Public

transport was disrupted while rickshaw drivers blocked major roads.

TRANSLATION: Petrol is so

expensive and we can't buy it

so we are dragging our auto rickshaws with a rope, because

we don't have petrol to use.

The Government has deregulated

petrol prices, but exerts

influence through the State-run

oil companies. Some burnt

effigies of the Prime Minister

while others resorted to mum

more personal forms of protest. TRANSLATION: I burned my

motorcycle on the road and now

instead of a motorcycle or car

I will buy a bicycle. The

government wants us to go

backwards. There were

isolated incidents of violence.

Buses and cars were vandalised

in Mumbai and north of the

country, but protests were

largely peaceful and there were

no strikes at all in many States with the notable

exception of the retail sector.

Across the country, normally

bustling markets like this one

are shut. People here are not

only struggling with rising

prices, but also a slowing

economy. The latest growth

figures confirm what most

people here already know. The

economy grew by 5.3% in the

March quarter, well down on the

8-9% growth of two years ago.

What has happened, investment

climate in the country has gone

down. When the investment

climate has gone down, the rate

of growth is slowing down.

This is further weakening the

rupee, a vicious cycle that

threatens even higher petrol

prices in the future. The

billionaire businessman Clive

Palmer has delivered the report

into soccer by his break-away

group Football Australia. The

national inquiry looked at

several issues including the

Olyroos failure to make this

year's Olympics. It found the

coach was set up for failure

restricted by the number of

players he could choose for the

team. And commissioner Gary

Collis says there's no point

spending $50 million hosting a

World Cup, because Australia

will never make the final if

the sport's not accessible.

Children in this country need

to be able to play football a

lot cheaper than has been the

case at the start. We're

restricting access to the sport

for those who can least afford

it. Australia's Bernard Tomic

has been knocked out of the

French tennis Open overnight.

The 19-year-old went down to

Santiago Giraldo in straight

sets. Tomic's second round

loss came three weeks after

he'd beaten the Colombian in

Rome on clay. Australia's main

hope in the tournament is now

Samantha Stosur who returns to

action tonight. And,

Australian polevaulter Steve

Hooker has posted a

disappointing result at the

Diamond Jubilee Stakes in

Italy. He's cleared 5.42, struggling to find any real

form. The defending Olympic

champion finished equal sixth,

58 centimetres short of his

personal best. Previously

unreleased home movies of the

British Royal Family have shed

new light on the early years of

the Queen's reign. They also

help dispel some beliefs about

relations within the Royal

Family. The summer of 1952 at

Balm oral. By now, Elizabeth

was Queen and Charles had a

younger sister, Anne. We

used to sometimes go down in

the winter as well, but this is

summer time. 1957, and a day

at the beach in Norfolk. It's

been said that Anne was always

the more daring of the two.

But not today. Charles wasn't

to be out done, not even by his

father. The films also

father. The films also give a glimpse behind the scenes at

Buckingham Palace. This was the

Queen returning after her

coronation. I remember being

bathed as children wearing the

crown. That's a vivid memory,

I must say. For all the

millions of images of the Queen

there are gaps in the visual

record of her reign, but some

will now be closed by the Queen's own private newsreels.

To the weather now, a satellite

shows extensive cloud with a

deepening trough over central

and eastern Australia. Cloud

over the south-west with a

trough and mostly clear skies

elsewhere and a ridge of high

pressure. A trough over

Queensland should deepen inland

and should combine with humid

easterlies in the east

triggering widespread rain and

a few inland storms. It should extend into South Australia and

parts of NSW triggering areas

of rain, a trough and front

should bring showers to south-west WA and to Tasmania.

Let's go back to the Stock

Exchange for a final check of

the markets:

That's the news for now.

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, have a good afternoon

and a great weekend. See you

back here on Monday.

Closed Captions by CSI.

I didn't know what happiness was till I got married, then it was too late! Only joking - me and my wife are inseparable. Last night it took four coppers to tear us apart! Just think about what you're doing! Efrona!