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Live.

The desperate search off

north-west Australia for

survivors of an asylum boat

disaster. The advice I have is

that the water temperature is

29 degrees and that people can

survive out there for up to 36

hours. While he waits on

ex-what door Julian Assange

gets stuck into Australia's

diplomatic effort.The Federal

Government says it is satisfied

with a 20 year sentence for one

important thing is the of the Bali bombers. The

Indonesians are tracking down

and convicting terrorists. And

nightmare ride - parents

shocked when students turn on

the bus monitor. You're fat.

You are so fat. You take up

like the whole damn seat.

Welcome to ABC News across

Australia. I'm Ros Childs. The

local share market has been hit

by fears that global growth is

slowing and the All Ords is off

43 points.

More finance later in the

bulletin. A massive search and

rescue operation is continuing

after an asylum seeker boat

overturned north of Christmas Island. Authorities have

already pulled three bodies

from the water but more

casualties are expected. The

first of the 110 survivors have

been taken to Christmas Island,

many of them are injured.After spending hours in the water,

some of the survivors of the

latest asylum seeker boat

tragedy arrive on Christmas

Island. Many need medical

treatment. Their boat was found

capsized about 200 kilometres

north of Christmas Island

yesterday afternoon with up to

200 people onboard. Australian

Navy boats were sent to

help. Yesterday afternoon we

found about 40 people that were

on top of the upturned hull and

other people that were holding

onto debris as much as three

nautical miles away from the

scene. An RAAF plane dropped

life rafts before merchant

ships arrived in the area. The

information we have is that all

of the people on the boat were males except for one

13-year-old boy that has been

rescued. So far 110 people have

been rescued and HMAS

Wollongong has taken them to

Christmas Island. We are in

that critical window where

there is a chance where more

lives could be saved and that

obviously is where my focus is

right now. Three bodies have

been pulled from the water but

authorities are expecting the

number of confirmed dead to

rise.The initial distress call

from the boat was received on

Tuesday but a surveillance

plane reported it was okay. I'm

not going to second guess today

the action they have taken

other than to say it looks like

they took pro-active steps. The

Prime Minister is in Rio and

has held talks with the Indonesian President Susilo

Bambang Yudhoyono. This is a

very distressing and tragic

incident. We don't know the

full details yet but clearly we

have lost a number of

lives. The incident adds to the

growing human toll of people

smuggling. More than 270 asylum

seekers are known to have died

making the dangerous journey to

Australia in the past two

years. As the search and rescue operation continues the

nation's leaders have called a

truce to the political debate.

That is at least for now. But

Tony Abbott has fired one shot

pointing out that previous Coalition policies managed to

stop the boats. The flow has

started again and, yes, it does

have to be dealt with but today

is certainly not a day for

political point scoring and

argy bargy. I don't at this

stage want to talk about policy

or other questions. Our focus

now is on the search and rescue

effort. But expect that focus

will sharpen onto the it beer

political battle over border

protection next week. The

Opposition Leader says South

Australian Liberal Senator Mary

Jo Fisher has done the right

thing by resigning from

parliament. Senator Fisher

announced her resignation in a

statement last night citing an

ongoing depressive illness. It

has since emerged she is facing

fresh shoplifting charges. Both

sides of politics have wished

her well. She's done the

honourable and courageous thing

by herself, her family and the

parliament by resigning. I

think the best thing we can do

now is wish Mary Jo all the

best as she puts her life back

together again. I was concerned

about her behaviour sometimes

but I'm not a medical expert.

Maybe people should be trained

to recognise the signs of

mental illness. Senator Fisher

was acquitted of a shoplifting

charge last year because she

suffered from a panic attack.

Lawyers for Gerard Baden-Clay

are back before a judge a day

after the Supreme Court in

Brisbane was evacuated because

of the security alert.

Baden-Clay is accused of

murdering his wife Allison two

months ago. He is applying for

bail. Josh, it was a dramatic

day there yesterday. What's

happened today? Ros, we were

expecting it to be all over and

done with yesterday. As you

know the security threat

ordered us all out of the building. Now police gave the

all clear to the building. That

case resumes at 10 o'clock this

morning and it has just been adjourned to 1 o'clock at the

moment . What brief of evidence

has been given to the court so

far? There is a temporary

suppression on some of the

details that were listed. What

I can tell you is that Mr Baden-Clay's lawyers have

argued that there is a strong

case for his bail. He has a

$500,000 assure itty and they

say that the Crown has no

evidence as to Mrs Baden-Clay's

cause of death. They have no

evidence pointing the accused

to the scene where Mrs

Baden-Clay was found and no

evidence to suggest a weapon

was used. But the grown has

argued there is a strong case

for motive in this case. They

have argued that Mr Baden-Clay

was the last person to see his

wife alive and they are also

arguing that there has been

further forensic examinations

Baden-Clay case was not the as early as yesterday. The

only one to be disrupted by the

security alert, was it? That's

right. There were a number of

cases proceeding in the courts

behind me. One of those being

the case of accused triple

murderer mat Seca. Thank you.

WikiLeaks founder Julian

Assange is spending a third

night in the Ecuadorian embassy

in London. He has told police

he is con if it dent he will be

granted political asylum and he

rejected claims about the

amount of consular assistance

he received from Australia. As

a handful of lawyers continued

their vigil outside the embassy

Julian Assange was telling

Radio National he had had no

support from the Australian

Government. These are empty

words when you hear the words

consular assistance, I haven't

met with anyone from the Australian High Commission

since December 2010. What are

they talking about. He says

text messages asking if he has

concerns is all he has received. The Australian

Government insists he has been

given the same kind of help, if

not more, than any other

citizen. Spending his third

night at the embassy Julian

Assange is sounding optimistic

that Ecuador will eventually

grant him asylum. We hope that

the asylum application will be

viewed favourably but now it is

a matter of gathering extensive

evidence about what has been

happening in the US. The

40-year-old is wanted in Sweden

for questioning over sexual

assault allegations but he says

he has taken this step is to

avoid what he believes is the

alterior motive, extradition to

the US and the possible death

penalty over the WikiLeaks

documents dump. This is a hot, ongoing investigation. As of a

few weeks ago. Police remain

posted outside the embassy.

Scotland Yard says it will

arrest Julian Assange when he

leaves the building. Legal experts say that will happen

whether he is granted asylum or

not. Some of Australia's top executives traded the boardroom

for the streets last night 234

the annual CEO leapout. The

event, run by St Vincent de

Paul, aims to raise awareness

and much-needed cash to support

the homeless. I just think

there are over 100,000

Australians that are actually

living without a home every

night. It is astounding. 44% of

them are women and quite a

significant number are

children, that is the most devastating fact of all

. Homelessness through either

accident or injury or some

other life tragedy can happen

to anyone watching this program

this morning. Kevin Rudd says

the problem is here to stay and

Government and business alike

need to chip in to support

homeless Australians. It might

be hard to believe but Julia

Gillard's visit to Brazil for

this week's Rio+20 summit is

the first by an Australian

Prime Minister. The country has

the sixth biggest economy in

the world but so far the

emerging South American giant

ranks well down the pecking

order of Australia's trading

partners. Here in Australia

Brazil is perhaps best known

for its glittering Carnivale

and generations of freakishly talented soccer players. What

is less aappreciated is that

Brazil is not just a sporting

and partying powerhouse but a

rising economic foreas well. It

is a big population and the

sixth biggest economy in the

world. It is similar to sauce

in this sense that it is a

great proxy for investing in

China growth. Despite those economic strengths Australia

had only $2 billion in commerce

with Brazil last year ranking

it our 29th biggest trading

partner. Julia Gillard's visit

this week is the first by an Australian Prime Minister.

According to some it is a

wake-up call for Australian

business to grasp an

opportunity that's been ignored

for too long. Sometimes

opportunities can be missed

when Australian businesses do

not experience the unique

business culture of Brazil

first-hand but the potential is

huge. Latin America generally

is a really undervalued

opportunity by Australians

because it is sort of on the

other side of the world. This

man chairs Pacific Hydro which

owns two wind farms in Brazil.

He is also chairman of industry

funds management and says

Brazil's economic fundamentals

make it an attractive destination. We think this is a

great opportunity to get solid returns for our members. Services make up

around two-thirds of Brazil's

GDP while food production

accounts for nearly 6% of

Brazil's output and mining

3%. Brazil has now had very

good consistent Government and economic policy and that's

paying off. Brazil's trade

bureau hopes Julia Gillard's

visit may be the first step in

building on those sim

lairities. For the time being

Australia may just have to

concede bragging rights to the

South Americans on partying and

soccer. There is a changing of

the guard at the national

library of Australia. Ryan

Stokes, the son of media mogul

Kerry, is taking over as chair

from former judge James

Spigelman who is now chairman

of the ABC. One of Ryan Stokes

priorities is to accelerate the

process of putting the library's huge catalogue

online. It is, it is certainly

a key objective for the

library. I know it has been an

agenda for the last 10 years.

The digitisation, in total

there is almost 300 various

pieces - 1 million various

pieces that are digitised so

when we look across the

publications, the photographs,

the newspapers, there is a

tremendous volume of work that

has been done. There are

restrictions on copyright that

need to be taken into account

but we believe as much as we

can continue to dig ties to

provide greater access it will

be in the libraries and the

nation's interest. Is there

still a place for physical

books in this world of search

engines and iPads? Personally

I'm a believer that there is.

It is really important and

incumbent upon the library to

continue to preserve that

physical history, physical

heritage is an important aspect

for all Australians. That is a responsibility, also alongside

that providing access to this dig tied material is important

as well. In 10 years time

children will still need to go

to a library to get a book off

the shelf in order to do their research? That is another

question. Whether they need to

or not or whether they want to

and I think it is something

that they will have flexibility

as to whether it is in a form

that's available digitally Or

physically. I think it is

important to have both but it

is particularly important to

preserve that physical

component. As you have

mentioned the library is also a

place for a printed newspaper

as well as books. What is the

future of - for printed news

papers in the face of the

changes this week announced by

both Fairfax and News Limited

who are shedding jobs to shift

more towards a digital

platform. Is there a future for

the printed press here? I think

there is certainly a long

future for strong, good quality

journalism in printed and

digital forms. I suspect and

believe that that will continue

for a long time to come. I

think that this technology

movement will continue to have

its influence across a number

of industries and sectors. It

is a matter of embracing the

opportunities and taking on the

challenges that that

brings. Thank you. Thank you

very much. Let's go to some of

the other stories making news

in business. Reports today say

Qantas is warning that the

airline could go under if

Etihad is allowed to buy a big

enough slice of Virgin

Australia. Chief executive Alan

Joyce is said to have lobbied

the Government this week

arguing that Etihad, owned by the United Arab Emirates, could

use a bottomless pit of funds

to underquat Qantas' profitable

domestic routes. Moody's

downgraded some of the world's

biggest banks to just above

junk status. Moody's slashed

the rating of 15 big banks

including Barclays, Credit

Suisse, HSBC and Goldman Sachs

because of their exposure to Europe's problems. No

Australian banks were included

but the move could affect the

cost of credit for everyone.

Let's take a check of the

markets now.Here is Sue Lannin.

What's the reaction to that bank downgrade? Not

surprisingly the banks have

taken a hit on that action by

the credit ratings agency

Moody's. Spain's troubled banks

could knee about $78 billion in

new money so the big banks are

lower. Westpac off 1% and

manufacturing giant from can I

China, the US and the eurozone

shows another slowdown that has

pulled down mining stocks and

BHP Billiton is off 2.5%. It

plans to invest $900 million at

its Illawarra Coal mines in New

South Wales. Looking at the

broader market the All Ords

index down 1% or 45 points to

4,88. The ASX 200 off 45 points

as well. Fortescue Metals is

challenging the mining

tax? Fortescue's founder Andrew

Forrest has been a vocal critic

of the Minerals Resource Rent

Tax calling it unconstitutional. The company

is challenging the tax on coal

and iron ore. That is on the

basis it discriminates between

Australia's states. The Federal Government says the legal challenge comes as no surprise

and it will press ahead with

the tax which starts next

month. Fortescue shares are

higher today. What other market

news is out there today? We

have oil and grass producer

Woodside Petroleum, they have

let a gas supply agreement

expire. Its shares are lower

and Telstra is doing well as

investors turn to defensive

stocks. Let's have a look now

at the markets.

Amcor is out in front of the

pack up 1.5%.

To that tum well on Wall

Street with energy and resource

companies leading the declines.

Traders focused on

disappointing factory output

figures. Dole claims fell only

slightly and home sales slipped

last month. The

The Federal Government has

welcomed the 20 year sentence

for Bali bomber Umar Patek. His

lawyers say the murder sentence

was too harsh and they'll

consider an appeal. Indonesia

correspondent Matt Brown

reports from Jakarta. He's usually smiling and waivering

for the cameras but on judgment

day Umar Patek was more

restrained. It has been nearly

10 years since he joined his

friends in Jemaah Islamiah to

bomb Bali kill ing 202 people

including 88 Australians. He

admitted mixing some of the

explosh ifs but tried hard to

minimise his role in that and a

string of other dreams. He said

he argued against attacking in

Bali because it is not an

active war zone. He apologised

to all of the victims.While the

death penalty was an option

prosecutors requested a life

sentence and finally the judges

gave him 20 years in prison.

Patek's lawyer said his client is disappointed with the

sentence because it is the

maximum jail term. I think it

confirms the seriousness of the

Indonesian Government about

prosecuting terrorism. Umar

Patek was also found gite of

preparing bombs for a string of

Christmas Eve attacks on

churches in 2000. He failed to

report the existence of a terrorist training camp

discovered in Aceh in 2010 and

had been illegal handgun while

on the run. His lawyer says

others who played more serious

roles received lighter

sentences and he will discuss

appeal options with Patek later

today. Umar Patek's led an

extraordinary life at the heart

of terrorism in south-east

Asia. His sentence is the same

as the one handed to Schapelle

Corby for importing marijuana.

With good behaviour he will

probably be out in less than 15

years. Entertainer Olivia

Newton-John has officially

opened a new Melbourne cancer

treatment centre that carries

her name. The $189 million

centre, which she helped raise

fund for, offers cancer

patients at the Austin Hospital

massage and meditation in an

effort to help them fight the

disease and recover from their

treatment. I know when you are

going through cancer it is a pretty daunting thing to go

through and to be in a space

that's a heating space and with

a lot of light, I know they

will get support not just with

the wonderful treatments at the

centre but in the wellness

programs as well. The new

centre will open to patients

next month. 33 homes have been

evacuated after flooding in the

town ships of Koo Wee Rup and

Bayles east of Melbourne

evernight. Drainage systems

failed around the Bunyip

reserve after 24 hours of solid

rain. The evacuations occurred

about 3 o'clock this morning

after the main drain near the reserve overflowed. The area

has experienced flooding

several times but long-term residents have told the ABC

they are astounded by the

volume of water lapping at

houses and businesses. Today's

flooding is the worst they have

seen in decades. I'm shaking

like a leaf because it has come

down so quickly. So I have to

get away. It has come as a bit

of a shock. Nobody has seen

water like this in the township

for a while. There have been

several rescues already and the

State Emergency Services are

monitoring the region for further flooding. Papua New

Guinea is in the grip of

political fever ahead of the

weekend start to its general

election. In the past the

intense competition has sparked

violence and a massive security

operation is under way to

prevent another repeat. There

are still fears of bloodshed in

the highlands and Liam Fox

reports. Election campaigning

PNG style. In a dusty

settlement a band belts out

tunes to drum up support for

Janet Sape. Politics is

traditionally a man's game in

PNG. She is trying to convince

people women can do a better

job. A believes have the big

bones in the family, in the

community and in the

country. The two men, who have

spent the last year battling

over the Prime Ministership

have been crisscrossing the country. Peter O'Neill was

given a heroes welcome in his

village in the southern

highlands. We all want Peter.

We all like Peter. The man he ousted, Sir Michael Somare may

be 76 but he still has his

trademark white and charisma.

In the past voting has sparked

bloodshed. To keep the peace

this time round 8,000 police

and soldiers have fanned out

across the country. These

officers are off to the

highlands and they're warned to

be on their best behaviour. We

do not want to have any drunk

people. So make sure you are

sober when you board that plane

. We are confident we will

rise to the level and make sure

the election is conducted smoothly. Others aren't so

sure. I do have this strong

feeling that the level of

violence in this election will

be greater than other

elections. One thing is

certain, with all the rallies

and feasts it is not a good

time to be a paying in PNG.

Let's have a quick look at

other stories making news

around the world. The death

toll from an Indonesian air

force plane crash in Jakarta

has risen to 10. The Fokker

F-27 slammed into homes while

trying to land in Jakarta after

a 90 minute flight. Prosecutors

in Norway say Anders Breivik

should be locked up in a

psychiatric ward instead of

prison because his sanity has

not been proven beyond

reasonable doubt. The court is

expected to rule next month on

whether the mass murderer who

killed 77 people during a

shooting rampage last year should go to

should go to prison. Students

from an area nautices

university in China have been

flying some of their creations

at a graduation ceremony in

Nanjing. They decided to leave

their magnificent flying machines behind as gifts to the

school. Portugal has become the

first team to advance to the

semifinals of the Euro 2012

soccer tournament in poleland.

Playing against the Czech Republic Portugal dominated the

match and struck the winner the

79th minute through their star

player. And it is - and of

course it is - Cristiano

Ronaldo! US Open golf winner

Webb Simpson is two shots off

the lead after the opening

round of the PGA event in

Connecticut. Nick Green is tied- correction Nathan Green

green is tied for second. 'Black Caviar' has

drifted in betting after she

drew an outside Barrier for the

Diamond Jubilee Stakes at Royal

Ascot she is also expected to

deal with a heavy track. An

unusual case of bullying caught

on camera has gone viral

sparking outrage around the

world. A 68-year-old woman

working as a bus monitor in the

United States was taunted by

four boys who made fun of her

weight and her son's recent

suicide. A video of the

incident was posted online and

appears to have backfired on

her tormenters. For New York

grandmother Karen Klein and

ordinary day turned ugly

captured in a 10 minute video

clip. You are fat. You are so

fat. You take um like the whole

damn seat. A group of four boys

took aim at the bus monitor who

has been on the bus with them

all year. The verbal taunts turned physical when one

student poked her with his

book. It jiggles. Why would you

touch her. Then came the lowest

below, cruel taunts about her

son's suicide. I didn't get

angry, I just tend to try to

ignore them. Just look out the

window of the bus and say, "Bye

guys." But they just kept it

up. The video sparked an angry response, even in Australia. I

was so upset and so

disturbed. What is wrong with these kids of this

generation. The boy who posted

the video has spoken out. I had

no clue that it would go this

far. I feel bad about how,

like, they're making fun of her

and everything. A Canadian man

who saw the video started a

campaign to raise $5,000 to

give Karen Klein a holiday. So

far more than $300,000 has

poured in and the boys are

facing disciplinary action. Aung San Suu Kyi has been

given the rare privilege of

addressing both houses of the

British Parliament. Introduced

as a woman of legendary courage

the Burmese Opposition Leader

has become the only woman apart from the Queen to be granted

the honour. For 900 years

Westminster Hall has watched

over the slow growth of British

democracy. Today the guest of

honour was a woman who's waged

an extraordinary battle for

democracy in her own country.

Only four foreign leaders since

the war have addressed both

Houses of Parliament in this

hall. For Aung San Suu Kyi the

honour was all the greater

because she is not an elected

leader, not yet anyway. She's

suffered greatly over the

years. Now she seems to be

triumphing but she still has a

warning to give. If we do not

get things right this time

around it may be several

decades more before a similar

opportunity arises again. For

all her long years under house

arrest, not able to see her

British husband B he died, Aung

San Suu Kyi has never lost her

lightness of touch. By contrast

with Westminster she remarked Burma's parliament was stiff

and formal. I would wish that

over time perhaps we would

reflect the liviness and

relative informality of Westminster.

Westminster.It is when Burma

has its own satisfactory

equivalent of Prime Minister's

questions that we will be able

to say parliamentary democracy

has truly come of age. She

spoke of her father's visit to

Downing Street in 1947 to

negotiate Burmese independence

with cle meant Atley. I miss

that great coat today.

Afterwards lords and MPs

jostled to get a picture like

any celeb watchers. Britain's

power structure has taken her

thorough rowly to its heart. To

the weather now. The satellite

shows thick cloud over south-eastern Australia

associated with the low and

cold front. Patchy cloud behind

the front and chilly south-west

winds and mostly clear skies

elsewhere thanks to highs .

There should be showers in eastern Queensland while

keeping the rest of the country

mostly dry.

Let's go back to the stock exchange for a final check of

the markets.

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. Have a good afternoon,

a lovely weekend and we will

see you back here on Monday.

Closed Captions by CSI.

With winter on the way, we want our cockles warmed

and there's one sure-fire way to do that. Here comes the heat. (Laughs) Whoo! Yeah. As well as chillies coming out of my ears, I've got pumpkins galore and I thought it would be nice to get the two of them together in a River Cottage Pumpkin and Chilli Night. So I'll be in the kitchen, cooking all sorts of fleshy and fiery delights to enjoy on the night. Whoa! Jeez! Whoa. But we're not just blown away by the food. The weather is ridiculous - the worst storm for ten years is on its way.