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Live.

Resilience in the job

market, despite a wave of

retrenchments. They were

unassailable. Gold for the

Australians who didn't lose a

race. We found we've been

working hard for four years for

one goal and we've done it.

Revenue and profit up but could

Telstra have done better? It's

a vast array of things we have

to do to actually change the

way that customers talk about

Telstra.

And an Olympic barbecue

emergency at Kiwi House in

London. Everybody over the

bridge, now! Here we go.

Welcome to ABC News across

Australia. I'm Ros Childs. On

the local share market,

investors aren't happy with

those results from Telstra.

Australia's 49ers crew has

collected what's become the

least surprising gold medal of

the games. They ease through

the medal race collecting the

prize they'd secured a few days

before. What this occasion

lacked in surprise it made up

for in satisfaction. Nathan

Outteridge and Ian Jensen could now officially celebrate.

It might've been messy but

even Outteridge's nana didn't

mind. It's unbelievable. He

deserve it is. Outteridge and

Jensen went into the medal race

with such an unassailable lead

they basically had to cross the

start line to win gold.

Effectively they did a victory

lap. It was a bit strange.

We're just enjoying the moment.

It was actually really good

fun. The two are childhood

friends from Lake Macquarie in

New South Wales. With all the

family and supporters, on this

night in was a little piece of

Wangi in Weymouth.

A lot of Wangi in Weymouth.

Boys have been together since

they were knee high to a

grasshopper basically. And

They've sailed against each they've been great mates.

other, with each other, the

whole Wangi thing has been that

way. For Outteridge this

achievement is all the more

near fatal car accident seven remarkable given he was in a

years ago. It's also a chance

to put to bed the talk in that

day in Beijing where his boat

cap sized on his way to an

almost certain gold medal. I

can't go more than about 10

minutes without someone asking

me about that. Nathan was

pretty shattered after that as

you can imagine. And he was

just so determined to get back

there and to go out this time

and prove to himself as well as

everybody else that he could do

T Nothing certain in sailing.

Anything could happen so we're

just so relieved the other day

when we got an unbeatable lead.

Today's just been party day all

day. It's been great. In the

three years Outteridge and

Jensen have been paired,

they've won three World

Championships, and now, an

Olympic gold. They hope the

legacy goes well beyond

London. I just hope that it

encourages a lot of people to

get into the sport. It's often

spoken of as a rich man's

sport. Pretty sure if you ask

anyone on the team it's

definitely not the case. We do

it for the love of sport and

that's what the Olympics is all

about. And the party may not

be over yet. The men's 470s

crew just need to finish at

worst one place behind Great

Britain in the medal race and

it will win gold and the

women's match racers are into

the semifinals. One more gold

Australian sailing. could be a high watermark for

Someone who knows about

Australia's Olympic sailing

success is Tom King. He won

gold in the 470 class at the

2000 games in Sydney. He joined

me from the Australian sailing

team's national training centre

at Middle Harbour Yacht Club

and he's had no doubts about

success at Weymouth. No, I

haven't. It's been a long

campaign for all of them. The

results over last three or four

years, there's never been any

doubt that Australia would have

a fantastic games and

that are winning or leading particularly the four teams

their competitions at the

moment. All of them won a test

event a couple of months ago in

Weymouth. The men's 470 team

which races tonight haven't

been beaten in 12 months. They

are going into that race hoping

for gold, obviously. Is it

going to be a tough race? What

do they need to do? It's going

to be an incredibly tough and interesting race. They've had a fantastic series so far.

They've had 10 races and they

and the British crew have

dominated over the 10 races and

now go into the medal race both

secure of winning either gold

or silver. Our Australian team

go in with a 4-point lead which

means in the medal race that in

order to win the British have

to beat them by two places so

they have to put a boat in

between our crew and the

Australian team. And where they

finish in that 10-boat race is

irrelevant. So it's a dogfight

from here. They'll go out there

and all they will be interested

this is making sure that they

either beat the British team

and if the British crew get

away then the Australians will

be fighting very hard, just to

stay near them. And obviously

they will try to get back in

front of them but if they

can't, all they need to do is

make sure that wherever the

British finish that they're

right on their tail and there

that's no boats in between.

Fingers crossed for the race

tonight. Tom King, thank

you. Thank you. The defending

champion Steve Hooker is

through to the pole vault final

after a bizarre qualifying

session. The competitors

refused to attempt the

automatic qualifying height and

insisted 14 rather than 12 went

through to the final. Officials

eventually agreed. The

qualifying got off to an

explosive start. After an

unconvincing lead-up to London, Steve Hooker comfortably

cleared 5.50. And was then a

key member in a pole vaulter's

union which decided the 14

remaining competitors should go

through to the final. It's not

the first time they've done

this in major competition. Why

waste our energy today? It's

all about Friday night. We're

all good mates out there we all

want to have as many guys in

the final as possible. It

worked out well. In the 200m it

was third time lucky for

American Alison Felix who was

second at the previous two

Olympics. The Boomers enjoyed

royal support as they faced up

to the kings of world basketball. Australia dared to

dream as it drew to within 3

points of the US early in the

third quarter. The American

superstars put on a clinic in

the final term winning the

quarterfinal 119-86. The Sharks

challenged water polo gold

medal favourites Serbia before

losing 11-8. Edwina Tops

Alexander finished 20th in the

showjumping. Caroline Buchanan

lived up to her world No. 1

ranking in BMX. Some others

weren't having the best time.

The unforgiving circuit

provided its share of headaches

on the opening day of

competition.

So China remains on top of

the medal tally but the USA is

closing in. Australia remains

in 11th spot with five gold

medals.

Sally Pearson and Anna Meares, Australia's golden

girls, have been soaking up

their success in London after providing the country with its

best day yet at the Olympic

Games. Friends and families of

the track and field athletes

gathered for a special function

to celebrate the medal haul so

far. It was an opportunity for

Kathy Freeman the country's

last gold winner on the track

to congratulate the star of the

new generation. Last time Sally

Pearson and Anna Meares made

news together, it didn't feel

nearly as good as this. I get

to share front page with Sally

Pearson. I will get her to sign

that. That's what it means to

me. In Beijing, both won silver

on the same day. This time,

they did one better, satisfying

a nation's desperate hunger for

gold. To be able to win gold

for your country is something

really special. I'm glad that

the Australian team got behind

both of us last night and

really barracked for us and we

both came away with a win which

is say maizing. It's not for

lack of trying that the team

that's not winning medals.

These are people who have

busted their butt for four

years and sacrificeed a lot and

believe me it hurts when you

can't perform.

The night after the night

before, Sally Pearson finally

collected her shiny prize. This

was the first time Sally

Pearson watched her race back,

surrounded by friends and

family at a special function to

honour the athletics team. The

win in the 100m hurdles was a

first for Australia on the

track since Kathy Freeman won

gold in the 400m final in

Sydney in 2000. 12 years later, Kathy Freeman preferred to be

just another face in the crowd.

Time for a new generation of

stars to shine. I'm so glad

that everyone can come together

and really celebrate with us

and all our achievements.

I'm glad I was a bit earlier in

the program so I can relax and

watch the other guys as

well. As Australia's athletes

were all celebrating Saudi

Arabia made history here as the

country watched its first woman

compete in track and field at

an Olympic Games. 19-year-old

Sarah Atta was covered head to

toe, as she finished last in a

women's 800m heat, hundreds of

spectators rose to give her a standing ovation.

It was meant to be a

celebration of New Zealand's

Olympic performance. It ended

up being anything but. An

explosion at Kiwi House in

London brought festivitys to an

abrupt halt triggering a

spectacular blaze and a minor

emergency. The bar was packed

with fans watching the Olympic

action on TV but the party was

interrupted when the pash cue

outside caught fire, sending

the New Zealanders scampering

for safety. Shortly before two

gas bottles exploded. Next

thing you know there's a big

bang, names were higher than

you could look, smoke was

everywhere. Everyone started screaming, jumping over the

fence to try and get out and then it was quite obvious there

was a big problem. The flames

reaching as high as a two

storey building, police quickly

cleared the area. Everybody

over the bridge, now!! The chef

was fully aware and fully

responsible and made sure that

he secured the area, got people

out and by the time swiftly and

safely people were removed from

the entire precinct and

subsequent it to that there was

an explosion and a

fire. Luckily no-one was hurt.

There are questions about

whether there needs to be a new

venue for a number of functions

planned to be held at Kiwi

House during and after the games. An investigation is now

under way into exactly how all

this happened. Former Australian Wheat Board

boss Andrew Lindberg has been

fined $100,000 for his role in

the Iraqi oil for wheat

program. In the Victorian

Supreme Court, Mr Lindberg

admitted breaching the corm

races Act by not telling the

United Nations or the AWB board

about bribes to the former Saddam Hussein government.

After the sentencing he had a

warning for others. Physically

overseas when you deal with the

Third World countries, I think

you have to be very careful.

It's perhaps easier than you

think to make mistakes. He was

also banned from managing a

company until September 2014.

The jobs market is proving

resill ynt in the face of

almost daily stories about

retrenchments and sectors of

the economy doing it tough.

July's unemployment figures are

just in and they've actually

fallen. Though've come in at

5.2% down from 5.3% after

June's numbers were revised up.

14,000 new jobs were created,

beating predictions, and most

of those jobs were full time.

Telstra has been one of the few

shining lights on the market

this year and has just unveiled

a 5% rise in its full year net

profit. That's fallen short of market expectations coming in

at $3.4 billion. Finance

reporter Neal Woolrich has been

at Telstra's results briefing

in Melbourne and he joins us

now. What's behind the

result? Telstra's mobile phone

division has been the stand-out

performer in the 2012 financial

year. Telstra added 1.6 million

new customers during the year

to their revenue for the mobile

phone division was up 8%. They

also had a slight increase in

revenue from their fixed-line

broadband division. There were

a couple of poorer performer in

the result. Its Sensis division was another poor performer.

It's been a drag on earnings

for a few years now, but the

overall result of $3.4 billion

profit was slightly below harkt

expectations. Revenue overall

grew by 1% and Telstra's share

price was down a little under

2% around lunchtime. Market was

a bit disappointed with that

result but David Thodey

Telstra's Chief Executive says

it was a strong performance in a challenging

environment. We've won share

in all our major product

categories and also we've grown

profitability across all our key products which is so

important, and very

importantly, as you know we

have the declines in Sensis and

in Telstra business and the

rest of the domestic telco

business has been able to pick

up those declines and offset

them. What guidance has

Telstra given for the year

ahead? David Thodey says it's

pretty much more of the same

for the 2013 financial year.

Modest growth in both revenue

and profitability. David Thodey

says it's very much a case of

putting customer first and

trying to win more customers

although he doesn't see Telstra

winning again 176 million

customers as they did in 2012.

But the thing he is trying to

avoid is getting into a price

war with rivals like Vodafone

and Optus. Vodafone in

particular has lost a lot of

customers over the last year or

so because of network problems

that they've had. Telstra is

maintaining its attractive

dividend? Yes, Telstra's

dividend is at 28 c. They've

confirmed that for the 2012

year. Their target is for

another 28 c dividend for the

2013 financial year. David

Thodey wouldn't give any

commitments above that. He said

the shareholders do come first

though. They're very mindful of

the interests of shareholders

and the strong dividend over

the last year or so has been

one of the reasons why Telstra

has outperformed the market.

Its share price was down to

$2760 just over a year ago. Now

closer to $4. The strong

dividend has been the reason

for that. But today David

Thodey hasn't given any

guidance or any firm commitment

to increase the dividend above

28 c next year. Rupert

Murdoch's News Corporation has

posted a big loss and written

down some of its Australian

assets. The company has

announced a $1.5 billion loss in the fourth quarter, the

bottom line was hit hard by

sch-Robert Gatesing advertising

revenue, the restructuring of its Australian newspaper

business and Britain's phone

hacking scandal.

Coles supermarket says the

use of camera surveillance

overseas has given consumers a

guarantee of animal welfare and

it's something Australian

formers need to be open to. A

new study has found growing

confidence among exporters

despite the high Australian

dollar and global uncertainty.

The survey by parcel company

DHL found 57% of exporters

expect to increase their orders

this year up from 48% last

year. The timber company Gunns

has been dealt a minor blow

after losing a Supreme Court

case involving its proposed

Tamar Valley pulp mill. The

project has been challenged by

the Tasmanian Conservation

Trust and Gunns wanted the

trust to pay a bond in case it

loses the court case. The Gunns

application has now been

rejected and the timber company

has also been ordered to pay

costs. A check now of the

markets with John Milroy. Hello

John. Investors don't seem to

like today's results from

Telstra? Apparently not.

Certainly, though it's still a

pretty solid result in line

expectations. The revenue is

down from the first half but

citing competition concerns

there. Certainly, management is

keen to highlight that that

part of the business has

continued to grow. Investors a

little disappointed that while

it is a good result, not

expecting much upside surprise

for the next year. Stocks down

about 7.5 c to 3.89. Profit

numbers out from Rio Tinto. How

are they? Released after the

market here yesterday. Pretty

solid as well. Came in ahead of our expectations of a net

income line at 5.14 billion US

dollars. Still, though,

management is expressing their

confidence in the strength of

the longer-term outlook, but investors not taking that with

a grain of salt. Marking the

stock a little higher. Up at

$2, nearly 4% today. How's the

broader market? Broader market

is generally a little better up

about 15 points or so. Got the

banks mixed, ANZ a touch higher

with Westpac, CBA and NAB a

little lower here. Major

resources are benefitting, BHP

getting a lift from Rio. News

Corp down a touch after a messy

result and a lot of

one-offs. How are jobs

going? Up 14,000 for month.

Down to 5.2. That will be a key

for the outlook for interest

rates here in our view. RBA

will be on hold we think unless

that number does tick up

substantially. Certainly on

hold we think until at least

November there. John, thank

you. Wall Street opened lower

after figures showing German

exports fell in June.

complaints in Australia has A review of patient

found that doctors often don't

disclose all the possible risks

about treatment and procedures

to patients. Doctors are

obliged to explain the risks to

a reasonable patient would want

to know about, but the report

found that what patients wanted

to be told and what doctors

revealed were not always the

same. Dr Marie Bismark a senior

research fellow in law and public health from the

University of Melbourne worked

on the report. Certainly for

the last 20 years since the

High Court decisions of Rogers

and Whittaker came out, doctors

have had a legal obligation to

tell patients about all the

risks a reasonable patient

would want to know that. We

found that's not happening in

all cases. Probably across

Australia most doctors are

doing a reasonably good job but

our study found there still

room for improvement. Were

the claims you looked at in

your report, were they rare

things that have gone wrong or

things that had happened that

you can reasonably expect to go

wrong with a procedure? It was

a bit of a mix. Certainly, the

claims and complaints that we

looked at most of the patients

had suffered quite a severe

outcome following their

surgery. So, for example, some

patients had lost their

hearing. Lost their vision.

Been left with a chronic pain

syndrome. Some patients became

infertile or suffered sexual

dysfunction as a result of the

surgery. So they were generally

quite serious outcomes. Some of

the risks that weren't

explained to patients were

things that happened in more

than 1% of cases and we

expected the doctors would've

warned the patients about.

Some. Other risks were much

rarer. There were a few

patients who complained about

adverse outcomes following a

procedure which had really only

been reported on rare occasions

before. Were there some

procedures that cropped up

again and again in which things

had gone wrong that the

patients had been told were a

possibility? That's right. What

we found is that in the

overwhelming majority of these

claims and complaints they

involved surge kal procedures.

But in around 90% of the legal

disputes we looked at there was

some type of surgical procedure

involved. Where the patient

didn't have an urgent life

threatening need for surgery, it was much more important to

those patients that the doctors

talk to them about what their

other options might've been and

that rereally understood the

Rix and benefits of surgery

before making a decision about

whether to go ahead. With

elective procedure, we

identified a number of cosmetic surgery cases among the files

we reviewed were pairks were

saying they really wish they'd

been given more information

about the risks of the

procedure before they decided

to go ahead. Dr Marie Bismark

thank you. Thanks Ros. Eastern

China is reeling from the

impact of the third typhoon in

five days. Thousands of homes

were destroyed as rivers

swollen by the typhoon's

torrential rains burst their

banks and swept through towns

and villages. Emergency

services were kept busy

rescuing residents trapped by the wild conditions which caused major disruptions to

road and air travel. Parkinson's disease has brought

an end to the career of the

British actor Bob Hoskins. The

star of box office hits such as 'Who Framed Roger Rabbit', 'The

Long Good Friday' and 'Mona

Lisa' was diagnosed with the

disease last year. In a

statement, the 69-year-old

thanked all the great and

brilliant people he'd worked

with and said he would be

spending time with his family.

The reverberations from last

weekend's deadly attack in the

Sinai Peninsula are continuing

in Egypt. Mohammed Morsi has sacked top members of his security leadership including

his intelligence chief and the

commanders of the security police and the presidential

guard. Egyptian forces have

launched a major offensive

against the militants suspected

in the attack in which an

armoured vehicle was stolen and

driven across the Israeli

border. Not so long ago, the

sight of Egyptian armour in the

Sinai Peninsula would've set

alarm bells ringing in Israel

and the US too but this the

biggest military action in

Sinai since it was largely

demilitariseed in the 1979

peace treaty wheen Egypt and

Israel is being welcomed.

Egyptian troops have launched a

series of raids against Islamic

militants believed to be behind

last weekend's deadly attack

that killed 16 Egyptian soldiers. Egypt's Prime

Minister says the assault won't stop until all militants in

Sinai are wiped out. We are all

behind our great military and

the security forces in the

protection of our eastern

borders. And all of course all

of the borders. On state

television a presidential

spokesman ran through a list of sweeping changes to Egypt's

security apparatus, ordered by

President Mohammed Morsi. The intelligence chief, the commanders of the presidential

guard and the military police,

the governor of northern Sinai,

all fired. For Egypt's

President so long a member of

the Muslim Brotherhood the

Sinai clashes are forcing him

to walk a political tight rope.

He didn't attend the funeral of

the dead soldiers amid

speculation a largely

pro-military crowd may have

turned on him. Many in Egypt

believe his government may be

sympathetic to those who

carried out the attack. Mr

Morsi has to reassure them and

he has to reassure Israel which

has been concerned about

growing instability in Sinai

since the beginning of the

Egyptian revolution. I hope

this is a wake-up call to the

Egyptians to be sharp and

efficient on their side and the

struggle along the entire

border. This construction

equipment was moved into place

to close off tunnels into ee

yipt into Gaza. It seems Mr Morsi is determined to prove he

is willing to take on Islamic

militants in his own country. A

quick look at other stories

making news around the world.

Red Cross teams have been

visiting some of the areas

worst affected by recent floods

in North Korea. More than 160

people have died in the

floodwaters since late June,

while hat least 200,000 have

been made homeless. Xanana

Gusmao has been sworn in as

East Timor's Prime Minister for

the second time along with the

new Cabinet. The National

Council for Timorese resistance

joined with two other parties

to form a coalition government that excludes the main

opposition party, Fretilin. And

a young black bear has become

the unwanted customer of a

lolly shop in the US state of

Colorado. It waited until the

shop was closed to force the

front door, returning later for

a second helping of treats. The favourites included English

toffee and chocolate covered

cookie bear biscuits.

Organisers of the Ekka the

Royal Queensland Show are

hoping nearly half a million

visitors come through the

turnstiles in the next 10 days.

Thousands are people are

already streaming into the

revamped RNA Show grounds in

Brisbane this morning for Day 1, including Australian of the

Year actor Geoffrey Rush. The

Ekka has been running for 135

years and it's best known for

bringing the country to the

city. About 800 volunteers have

spent the last week preparing

for the show. NASA has released

a series of new images taken on

the surface of Mars by its

rover 'Curiosity'. They include

a panorama of the Gale Crater

on which the rover touched down

on Monday. Officials have

likened the landscape to a

North American landmark. It

also likes earth like with those mountains in the

background, there are these

deeply dissected pure metal

mountain ranges. It looks a lot

like what you see out in the

Mojave desert. It's really

cool. Other images show the

heat shield detaching from

'Curiosity' as it descended towards the surface. The main

ai. $2.5 billion project is to

find signs of life on Mars. To

the skies closer to home now

and the satellite shows thick

cloud crossing New South Wales

along a cold front, speckled

cloud over southern Victoria

and Tasmania generated by cold

and strong south west winds and

clear skies elsewhere under a

large high. A Tasman low should direct brisk southerlys into

New South Wales triggering showers, heaviest near the

coast, a high should direct

moist south-westerly winds into

Victoria and Tasmania

generating showers, and keeping

skies mostly clear elsewhere.

Back to the Stock Exchange

for a final check of the

markets.

That's the news for now on a

day when Australia added to its

gold medal tally at the

Olympics with a win in the

49ers. There's continuous news

on ABC News 24 and there's also

news on-line. Our next full

bulletin on ABC1 is at 7pm. I'm

Ros Childs. Thanks for joining

us and have a great afternoon. See you tomorrow. Closed Captions by CSI THEME MUSIC Papers! Papers! DRAMATIC MUSIC GLASS SHATTERS IN EXPLOSION