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The flame goes out on the

London Olympics after a

spectacular finale. These were

"happy and glorious"

games. Regrets, he's had a few

- Australia's Olympics boss

reflects on the ones that got

away. My only disappointment

here was that of the 35 medals

- one is that swimming didn't

do better and get us a bit more

than 35. The other

disappointment was that we

didn't nail those gold

medals. Thousands in Cairo back

the removal of Egypt's defence

chief.Son of Superman on a

quest to find a cure for spinal injuries. There used to be the

thought there would be one

magic bullet cure and one

single treatment that would fix

everything. Welcome to

afternoon BC news across

Australia. I'm Tracey Kirkland. The local share

market is on the rise.

BlueScope Steel soared 50%

after announcing a deal to sell after announcing a deal to sell

off assets.The All Ords is up,

the nick Yea is up and the

Aussie dollar as well.

A former defence chief, a

diplomat and a refugee advocate

are doing their bit to settle

the political feud that's under mining asylum seeker policy.

The Prime Minister asked Angus

Houston and his expert panel

six weeks ago to find options

to deter the large numbers of to deter the large numbers of

boat arrivals. Their ideas are

about to be released but

opposing sides in the political

debate aren't showing any sign

they are ready to compromise.

Three wise men have come to

deliver their findings. We've

already spoken to the Prime

Minister. What was her thought

so far? Angus Houston, Michael L'Estrange and Paris Aristotle

were asked to do what politics

has not - to find policies to deter asylum seeker boat

arrivals. Policies that might

find bipartisan support. But

signs of compromise are hard to

find. They may choose to

actually adopt my bill that is

in the parliament that allows

offshore processing for 148

countries, and I hope they

do. What I want to see are the

things we can be doing that are

within the law, that are within

or obligations under the

convention. The Government is

pleading for open minds on

whatever the expert panel proposes. If Tony Abbott - and

I say this without being

partisan myself - if Tony

Abbott was simply to dismiss

what they put forward it would

confirm a terrible negativity

and indeed mischief making. If

they want to put up effectively

the same thing they tried to jam through the parliament last jam through the parliament last

time without any compromise

then they would - can expect

the same response. Three boats

arrived in the space of 24

hours over the weekend. The immigration minister said

people smugglers send more

boats when a new policy looks

likely. He sees the upward

trend as a sort of closing down

sale. Chris Bowen wants a new

policy by the end of the week.

With the Coalition showing

little appetite for compromise

the onus will fall to the onus will fall to his

cabinet and caucus colleagues

to decide. How far are they

prepared to back down to reach

a consensus? The ABC has been

given rare access to the

immigration detention centre in

remote Far North Queensland.

The contract for the Scherger

Detention Centre was recently

extended for two years. But

doctors in a nearby community

have questioned the impact it

is already having on local

health services. The Scherger

immigration detention centre is

about an half an hours drive

from the mining town of Weipa

in Far North Queensland. The

sensor houses around 400

detainees but has a capacity of

close to 600. It was set up 18

months ago as a temporary

facility but its contract has

now been extended for another

two years. A lot of reason

behind the extension was the

terrific support we have

received and continue to

receive from the Weipa

community. Not everyone in the

community is happy. We've had

794 episodes of care that we

have provided to Scherger

patients that represents about

4% of our total provision to

professionals are worried that the community. Medical

Scherger is putting increased

pressure on local health

services particularly in the

area of mental health. Every

single person that has been in,

all 34, have been a

presentation for an attempt at

suicide or self harm or they

have voiced that they were

going to. The immigration

department employs its own

health services provider with

around 4 full-time staff at

Scherger. - 24 full-time staff

at Scherger. Whenever there is

a need for external assistance

we operate on a pay as you go

service two the local Weipa

hospital. Queensland Health

staff say they often deal with

the complex cases. We do have

significant issues about - are

we discharging people back into

the environment that is

actually somewhat caused these

issues to start with. The ABC

is the first media outlet given

permission to film inside the

Scherger immigration detention centre but under

centre but under strict

conditions. All material had to

immigration department and none be checked and vetted by the

of the staff or detainees

inside were able to be

interviewed or identified. The

immigration department says on average detainees spend four

months at the centre. There's new tension between

Queensland's LNP Government and

one of the party's major

supporters, Clive Palmer. The

mining magnate has criticised

the Newman Government for

cutting public funding to

political parties. He also says

the Government's plan to cut

20,000 jobs from the public service will hurt the economy

and won't achieve much. It

doesn't make much difference to

the overall budget or state of

Queensland. That can be said

about anything you cut,

couldn't it? Not really. I'm

concerned about the families of

people that have been cut a and

we don't have the policies for

growth. We need the policies

for growth and getting

bigger. The Premier says the

criticism is sour grapes from

Mr Palmer for not get approval

for some of his business

plans Mr Palmer should stop

using the LNP inappropriately

to try to lobby the Government

for his personal gain. This

Government will not be bullied

into building railway Rhines in

the wrong place or

inappropriate tourism

developments on the Sunshine

Coast. Mr Palmer says he hasn't

donated to the LNP recently but

was a sponsor of last in's

state conference. The 2012

Olympic Games have ended in

London with a spectacular

Closing Ceremony that rivalled

the splendour of the opening 16

days ago. Britain's culture was

again on display, especially

its music before the Olympic

flag was handed on to Rio de

Janeiro for the Games in

2016. Ladies and gentlemen,

welcome to the Closing Ceremony

of the 30th Olympiad. The race

run, the final bow.For the last

time the stadium filled with

80,000 people and enough pride

and passion to power the city.

London 2012 promised Games to

remember. The transport system

worked, the venues filled most

of the time, the drama that is

the Olympics transfixed

billions around the world for

16 days. Britain delivered. We

showed 9 the world what we're

made of. We reminded ourselves

what we can do. Olympics rarely

run to script, it was our

sailors rather than our

swimmers taking gold honours.

Australia's flagbearer, two

time gold medallist sailor

Malcolm Page reflecting that

success. The very best athletes

from around the world celebrated together. The

winners, the runners up, the

also rans. Together one last

time.This final night was not

just a celebration of sport.

British music was getting its

podium finish too.

(Sings) #Singing we will rock you.

#We will rock you baby. In it

is now time too say to Britain,

we did it right. As one Olympics ends the countdown to

the next begins - next stop

Rio. The games of 2016 lie

ahead. After years of planning

and $15 billion Britain's

proven it can put on the

greatest show on earth. The

challenge now to take that feel

good factor, that renewed confidence, far further than

the last of the fireworks.

(Sings) #God save the Queen.

Put simply it has made a

country mired in recession

happier and prouder. A spring

in the collective step and

hopes the echos of the world's

great August get together will

reverberate far and-wide long

and loud.

Phillip Williams, ABC at

Olympic Park. There were 15

gold medals decided on the last

day of Olympic competition in

London. In the final of the men's basketball tournament Spain pushed the United States

all the way but the favourites

prevailed by 7 points. It was

the second gold medal in a row

for the USA who won

107-100. That is all the USA

are going to prevail after a titanic struggle with

Spain. There was an upset in

the men's marathon with Ugandan

Stephen Kiprotich winning in

just over 2 hours and 8

minutes. A well timed burst

helped him secure his countries

first and only medal at these games. The United States

finished on top of the medal

tally with 46 gold medals.

China was second and host

nation Great Britain won 65

medals in total to finish

third. Australia was 10th. Australia's result was the

worst result since the

Barcelona Games in 1992. The

President of the Australian

Olympic Committee says it is

possible for Australia to get

back to its swimming best. John

Coates insists that

performances will improve if

administrators focus on areas

like coordination, sport

science and coaching. It can't

just be funding when you

understand that Great Britain

spent $1.2 billion over four

years but so did France and so

did Germany and got remarkably

different results. I'm

absolutely certain that the

sports have to look at

themselves rather than look for

more money. It is not easy

hurricane the Games in Rio are

going to be very, very

difficult for us and many

nations because unlike going to

Asia for the Games in Beijing

we do not have an experience,

very few of our sports have

competed there, - perhaps beach

volleyball and a few like that. Despite worries over

transport and getting venues

ready Brazil is promises a

smooth build up to 2016.

Organisers of the Rio Games

have been in London keeping a

close eye on these Olympics and

are convinced they will be

ready to play host. We report

from Brazil House in central


It doesn't take much to get Brazilians dancing in the

streets. For them the Closing

Ceremony marks the start of

their own party. First the

World Cup in two years and then

the 2016 Games. The first

Olympics to be held in South

America. Rio wants to do it

right. I think they will be the

best show on earth because

Brazilians are always smiling.

They have very good company,

beautiful scenery so you will

have the time of your life. The

Olympic Games is just going to

be amazing. Everybody will get

together and welcome from - everyone from all over the

world. The atmosphere will be

amazing. Don't forget the

medals. We will still have

samba and have a party. Like

London, transport and venue

readiness are the big worries

but they are working around the

clock and predict it will all

be ready six months early and London's mayor has offered to

help. We have all sorts of

things - goods and services -

that we are keen to send your

way, not least some very

handsome and large rings. If

you want to see them give me a

ring. We have several of

them. Rio has the challenge of

to building still great

infrastructure but besides that

when we have infrastructure

ready we will need to operate

it. So we will follow London a

lot on this. The logistics and

operation of the city. London's

race may have been run but the

Rio marathon has just begun.

The souvenir industry isn't

waiting. Everything from

T-shirts to caps flying off the

shelves. This is small change

compared to what the Brazilian

Government is spending. $16

billion to make the industry

ready. But some aren't convinced it is money well

spent. The way it is going now

I don't see many positive

long-term consequences simply

because the city's Fave willch

las are being mishandled in the name of the Olympic

Games. Ready or not there is no

stopping the clock . The next

games are now just a little

more than 1,400 days away. Rio

is a lofng way away but games

euphoria is still rampant in

London. Phil Williams says the

Olympics will be fondly remembered. I think they will

be remembered as a huge

success. There are certainly

lots of problems leading up to

it and there was some big

question marks about security

and about just how well all the

elements would come together

but in the end it has been a

huge success and everyone here

has really responded so

positively to it. London has

really embraced these games. It

was a slow start. Finally they

got there and now they really

got well and truly into the

spirit of the whole

occasion. Do you think been

long has set a new benchmark

for the Olympic Games? It

certainly has set a tight

benchmark for organisation.

From the beginning they

identified what many said was a

horrible waste dump, some argue

with that, but they converted

it into this fantastic facility

that will be here forever, a

mixture of housing and sporting

facilities that will really

transform this particular area

of London, which was very, very

run down, very deprived. So I

think from that point of view

they have. What they've also

managed to do is turn around, I

think, the attitudes in Britain itself. It has given British

people - particularly

Londoners, a renewed sense of

self confidence that they have

a future, that they can do the

big events. If they can do

these big events then the

question is what else can they

do and whether an economy that

is not doing well, that is a

great feeling to have. Thank

you. Early mornings, late

nights, we have been immersed in Olympic viewing for the last

two weeks. Are the Games the

viewing draw card they used to

be? David Dale says Australians

are still tuning in in their millions. Obviously it is not

the same audience that they got

for the Sydney Olympics in 2000

but it is pretty equal to Beijing and

Beijing and it's been pretty

good. The industry phenomenon

is that it started out very

strongly and when it became

apparent that Australians

weren't doing that well the

audience dropped off but it has

sort of come back again in the

last few days. So it has been

around - averaging in the

night-time around 4 million

viewers across Australia. Why

do the commercial stations

fight so hard to have the

broadcast rights? Is it purely

for financial gain? It is not

for direct financial gain. I

would imagine Channel Nine will

be lucky to break even on this given the amount they paid for

the rights and the amount of

advertising they sold, but it

is the ability to promote the

next lot of programs. They have

been promoting the hell out of

Big Brother and Underbelly and

the new Kerry packer show. That

is the kind of thing that

Channel Nine needs because it

has fallen way behind channel7

and in the second half of this

year it is hoping to catch up

because it promoted so heavily

during the Olympics. There are

so many channels now, I think

Foxtel had 8 Olympic channels, doesn't it fragment the

audience? It has a bit but in

spite of shocking coverage by

champion el 9 and embarrassing

moments by the channel 9

commentators people tended to

stick with channel 9 fairly

well and at the same time there

was a huge increase in audience

for the pay TV. The audience

there has been the biggest over

the last two weeks that they

have ever had because of the

specialised products. It seems

they were able toed a on and 9

also did well. There were

highlights, Usain Bolt and the

Saudis first female runner, the

nailbiting Australian sailing,

do you have a favourite TV

moment? I have a favourite TV

moment but this will tell you

that I am not a great sports

fan here. It was the video of

John Lennon singing imagine

which was shown as part of the

Closing Ceremony where they

actually had the lines,

"Imagine there's no country,

imagine there's no religion,

nothing to kill or die for. I'm

so pleased they left those

lines in. I thought it was a fantastic message to end with. David Dale, thank

you. Thank you. In Melbourne

striking car component workers

have returned to work after a

deal averted major disruptions

to Ford, Holden and toyota.

Workers had an picketing car parts manufacturer DAIR Industries in the south-east

for five days. It took five

hours of intensive talks in Fair Work Australia yesterday

to reach a deal. The sticking

point was negotiations over

redundancy entitlements. DAIR

was offering workers a 52 week

cap on redundancies but they

agreed to 104 weeks which the

union says will cover all their

entitlements. Most employees say they are pleased with the

deal. We got basically what we

wanted. We had a vote, everybody's happy, we all want to goat back to work.

to goat back to work. That is

the top and bottom of it. The

unions have tried their best.

We are happy with it. The

workers are happy with it. DAIR

says the strike action resulted

in a loss of hundreds of

thousands of dollars in sales. Lunchtime figures from

Canberra are giving a snapshot

of the nation's borrowing habits. Housing finance rose

1.2% in June with gains too for

personal and commercial

borrowing. Leasing finance fell

almost 3%. Let's go to some

other stories making news in business. BlueScope Steel is to

sell half its coated products

operations in Asia and the US

to Japan's Nippon Steel. The

$500 million deal comes as

Australia's largest steelmaker

is expected to announce a $1

billion full-year loss. Federal

environment Tony Burke has left

Tasmania without an agreement

being reached at weekend talks

to create forest reserves and

reduce Native forest logging. The State Government says the industry and environmental

groups are getting closer to a

deal and will continue talks

over the coming days.Hundreds

of passengers have become

stranded with the collapse of

Italian airline Wind Jet during

the country's peak summer

travel period. 1.5 hours before

the flight we heard there was a

crisis. No flights. They sold

us tickets to Italy with a

guarantee that everything would

be okay but it's not. Further

turmoil is expected in coming

weeks as 300,000 people are

booked on Wind Jet. Let's take

a check of the markets

a check of the markets now.

Stephen Daghlian is a market

anl missfrom CommSec. BlueScope

shot up almost 50% this

morning. It certainly did and

is pulling back a little at the

moment but still up an

impressive 36%. It needs all

the help it can get. It has not

had a very good couple of years

at all. That has been reflected

very much in the share price.

It announced industrial action

in recent months, redundancies,

a hefty tax bill from the

a hefty tax bill from the ATO,

a half year loss of about $530

million. Despite today's gains

BlueScope is still down 12%

this year and this adds to the

78% loss we saw in 2011. How is

the overall market

fairing? Also doing quite well

at the moment. Shares up in

order of 0.5%. Not a bad performance considering US and European markets

European markets were mixed on

Friday night. The big banks are

mostly stronger at the moment,

three of the big four are

higher. The ANZ a touch

lower. Reporting season

continues and more big names

are opening their books? Last

week was unofficially week one

of the profit recording season.

Mixed results came through over

the previous five days with

about half of the companies

already reported missing profit expectations including Telstra

and News Corp. Today we had JB

Hi-Fi saying profit fell by

4.5% and sales rose by 5.7%. It

had to continue to discount as

a lot of other retailers have

had to also. JB Hi-Fi up 7%.

New Krs mining another good

performer at the moment up 4%

after announcing a 23% rise in

its full-year profit. How is

the Australian dollar

faring? The Aussie dollar is

remaining strong which is good

news for travellers going

oversees. The Aussie sits at

105.4 US cents. To the week

ahead on Wall Street and

investors are waiting for

central banks to do more to

ease the debt crisis.

Regardless some markets have

been steaming ahead. The S&P

has had its best seven months

in 9 years. At the close of

trade last week the Dow and the

zap and the Nasdaq continued to

make gains.



A new cellar therapy aimed at treating spinal chord injuries

is set to be tried in the

United States. The first

clinical trial on to humans

will be undertaken by the

University of Miami in the hope

it will help repair acute

spinal chord yearies. Matthew Reeve is son of Christopher

Reeve is optimistic about the

therapy but says more

collaboration is needed in the

hunt for a quur. I'm here today

to talk about the importance of

collaboration. The spinal chord

injury field is really too

small in the broader spectrum

of things for different

institutions and researchers to

be working individually. I'm

here to emphasise the need and

importance for everyone to work

together and share their

information and data and make

sure we are not replicating

experiments and make sure that

people are working off existing

knowledge and so that we can

move forward more effectively

and efficiently and quickly. You are obviously here because of what happened to your dad and he's

your dad and he's obviously one

of the world's most well-known

spinal injury patients. How

much has changed from when your

dad was first injured? The difference between when my

father was first injured and

now is remarkable and something

to be extremely proud of. You

know when he first became

paralysed there was really kind

of a fragmented,

of a fragmented, uncentralised,

uncoordinated effort into

research. There was a lot of

smaller organisations working

independently and he kind of

chose to embrace this role of

being a champion for the cause

and giving a voice to a group

that didn't have one before.

Under his beacon and his

leadership really united

researchers and pushed for

collaboration and increased

funding dollars and we have

seen remarkable changes as a

result and it is really all

thanks to people working together. As we know today

there is news about a new

cellar therapy being able to go

ahead, trials going ahead,

where are you hoping this will

all lead. One of the other

thins that have changed since

my father's injury is that

there used to be a thought that

there would be one magic bullet

cure, one singular treatment

that would fix everything and

it has become apparent that is

not the case. It is really

going to take a multifaceted

and multiangle approach, lots

of different therapies working

together for people to

experience repair and recovery

and to reach a cure. There

would be many components to all

would be many components to all

of that. So any step forward in

any one of those components is

encouraging and gives I reason

to be optimistic and hopeful

that one day we will have a

broad, co-here rent and

cohesive treatment that will

lead to people getting out 06

wheelchairs, which is the final

goal. Thank you. Thank you.

Egypt's President has asserted his authority over

his authority over the military

dismissing his powerful Defence

Minister and scrapping

institutional amendments that

give the generals-wide powers.

Thousands of people again

packed Cairo's Tahrir Square this time to show their support

for President Mohamed Morsi and

to celebrate the departure of

the military bosses. The President denied the sackings

were part of a

witch-hunt. TRANSLATION:

Today's decisions are not

directed at certain persons or

meant to embarrassed certain institutions. Earlier the

President swore in replacements

for the Defence Minister and

another senior general. Defence Minister Mohamed Hussein

Tantawi ruled the country for a

year after the overthrow of

Hosni Mubarak. Hospitals in north-western Iran are

struggling to cope with the

thousands injured in two earthquakes. Nearly 300 people

have been killed in the quakes

near the provincial capital of

Tabriz.The two earthquakes had

struck just 11 minutes apart.

Scores of villages were

damaged, some are said to have

been flattened completely.

Hundreds of people have been

injured. Many of the casualties

were in the rural areas where

homes were destroyed. Iran's

Red Crescent is providing

shelter for those left homeless

or too afraid to return

indoors. It has despatched

thousands of tents, blankets

and tonnes of food. About

16,000 people have been helped

so far.President Ahmadinejad

has ordered reconstruction to

begin immediately before the

onset of winter. Iranian fishes

say search and rescue

operations are ending. Most

people have apparently been

accounted for and the priority

now is to get help to the

survivors.There have been

dozens of aftershocks but the

Iranian authorities know what

to expect. The country lies on

a major geological fault line

and many people are heeding the

advice to remain outdoors for

now. For most of Australia 13

degrees is a maximum daytime

temperature but in the tropics

it is a cold snap. Darwin has

suffered through its coldest

August night on record. The

mercury plunged to 13.1 degrees

just after 2 o'clock this

morning forcing Darwinites to

drag out their rarely used

winter wardrobe. We are a bit

sappy when it comes to the

cold. I grab a jumper as

quickly as I can. The previous

record was set in 1990. To the

weather now. The satellite

shows cloud crossing southern

Western Australia and into South Australia with a cold

front bringing areas of rain in

WA. Patchy low cloud along the

eastern seaboard with southerly

winds is bringing the odd shower. Skies are clear

elsewhere thanks to a high. The

synoptic chart shows a cold front that will reach Victoria

and Tasmania tomorrow

generating showers and alpine

snow. After front will slip WA triggering showers. A high

pressure ridge will keep the

rest of the country mostly clear.

Let's go back to the stock

exchange for the final check of

the markets:

That's the news for now. Our

next full bulletin on ABC1 is

at 7 o'clock this evening. I'm

Tracey Kirkland. Have a great afternoon. Closed Captions by

CSI. A couple of years ago, I had the great fortune to meet a hero of mine, Alan Dawson, a fantastic blacksmith and metalworker. Alan wanted to build himself and his family a house, and he had a rather revolutionary idea as to how to do it. He wanted to build it out of steel, not just because metal had always flowed through his veins, but because after 40 years in the business and in the face of recession, he really needed a project