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Live. Too easy - Usain Bolt

makes track history as

Australia picks up gold, bronze

and silver in the water. The

last dive I did wobble and

almost fall off the platform.

Actor Robert Hughes gets bail

in London on child sex claims.

We'll be alleging that 11

incidents occurred against five

women, then girls, and our

objective is to have the person

brought back to NSW.

Withdrawal, pain and gain - has

the era of the ATM peaked?

People are using electronic

payments more and cash payments

less. And cracks start appearing in the Federal

Government's asylum rescue

effort.

Hello, and welcome to ABC News

across Australia, I'm Ros

Childs. The local sharemarket

has stalled at around a 3-month

high.

More finance later in the

bulletin. Australians have

been celebrating another

success on the waters of Eton

Dorney overnight. The 4-man

kayak crew won gold on day 13

ahead of favourite Hungary. As

Emma Alberici reports, it was

redemption for two paddlers who

failed to make the final in

Beijing. They're the toast of

Eton Dorney, the world's best

4-man kayaking crew in the

1000m sprint, sharing their success with the local

children. For a lucky few, it

was a surprise chance to wear

Olympic gold. Words can't

explain how we do feel. We are

Olympic champions and we'll be

taking this for our rest of the

lives. It's the greatest

moment we've ever experienced.

They led from the start, the

crossed the only non-Europeans in the race

crossed the finish line, the

first Australian boat crew to

win at an Olympic Games. COMMENTATOR: Gold medal for

Australia at Eton Dorney. You

beauty. What a race, they

absolutely nailed that. It

was a particularly sweet

victory for this crew, who last

year came second at the world

titles, defeated by Germany who

overpowered them in just the

last 200m. I think it comes

down to who wants it the most

and yeah, today we got out

there, put ourselves in a

fantastic position and yeah, we

wanted it bad and we just held

on. Murray Stewart's dad

wanted it pretty bad, too.

Himself a star in South African

paddling, he was denied an

Olympic start when his country

was banned from the Games,

punished for

punished for apartheid. You

can't live your dreams through your children, but when one of

them achieves one of your

dreams, what can you say ?

That's just such a relieve.

It's juns believable that our

little boy who we tried to get

him to play a sport that could

actually make him some money,

ended up winning a gold medal

at the Olympics. I'll wake up

tomorrow morning and it will be

true. Day 13 brought success

in the diving for Britney

Broben, the youngest member of

the Australian Olympic team.

The 16-year-old Queenslander

collected a silver medal in the

10 metre individual final.

COMMENTATOR: Yes, I think

you're going to see something.

My first ever diving

competition was four years ago

and now I have a silver medal

at the Olympics. It's

unbelievable. The Stingers

made it a hat-trick. The

women's water polo team

claiming victory over the

Hungarians in a tense game

decided in overtime. It earned

the Australians a bronze.

There were semifinal setbacks

in team sports for Australia

with the Opals losing to the United States and the

Kookburras beaten by Germany.

All the talk was about Usain

Bolt who confirmed his status

as one of the greats of

athletics completing the 100m,

200m double for the second straight Olympics. Duncan

Huntsdale reports. Usain Bolt

wouldn't declare himself a

legend of the track until he'd

defended his 200 title. After

silencing the challenge from

countryman Yohan Blake, the

Jamacian lived up to his

promise. I came here wanting

to become a legend and you're

looking at him right now.

Bolt is the first man to

complete the 100-200 double at

consecutive Games and also

broke new grounds with his

celebrations. Next stop, an

Australian vacation. But no

work, all holiday. Kenyan

David Rudisha bettered his own

record in the 800. Caster

Semenya qualified fastest for

the women's 800, and countryman

Oscar Pistorious will run in

the 4 x 400m relay final after

South Africa was given a spot

on appeal.

COMMENTATOR: It's the fault of

the Kenyan runner. The

Americans qualified equal

fastest even though their first

runner broke his leg. The

Opals led the US by 4 points at

half-time in the semifinal, but

the gold medallist from the

past four Olympics pulled away

in the final quarter to win

86-73. Australia plays Russia

for the bronze. The Kookburras

missed a shot at gold losing

4-2 to the defending champion

COMMENTATOR: Australia won't Germany.

come back from there. And New

Zealander Matt Willers showed

how important it is to be in

the front at BMX. So the USA

has reclaimed top spot on the

medal tally while Australia has

moved into the top ten after

taking gold, silver and bronze

on day 13.

Other news now. The Navy is

investigating cracks found in

several of its patrol boats.

Three Armidale class boats have

cracks near their engine rooxs

and defence is trying to

determine if it's a fleetwide

fault. HMAS 'Arm zl' has been

taken off full duties. The Government acknowledges the

fleet's workload has increased.

Of course, there's been

increased operational tempo in

the north due to an increase in

asylum seekers, of course

that's the case. That would be one of the things that has

increased the operational tempo

of these vessels, but they'd be

doing other work as well. The

Navy transferred another 211

asylum seekers to Christmas

Island overnight. They were

after calling Australian picked up in Indonesian waters

authorities saying their boat

was experiencing engine

Robert Hughes has trouble. The Australian actor

Robert Hughes has been granted

bail after appearing in a

London Magistrates Court to

face extradition proceedings.

NSW police want to charge

Hughes who starred in the '80s

sitcom 'Hey Dad' with 11 counts

of sexual assault. Lisa Millar

reports from London. Robert Hughes was arrested around 7am

at his home in Central London,

and there was no time wasted

before his first court

appearance. Speaking only once

to give his name, the

63-year-old was told he was

wanted back in Australia to

face 11 charges relating to the

sexual assault and indecent

assault of five girls between

1985 and 1990. Robert Hughes

was playing the affable father

figure on the sitcom 'Hey Dad'

when some of the offences

allegedly occurred. In court

in London the prosecutor said

the alleged offences were

exceptionally serious and if

proven could earn up to 10

years in jail. NSW police

spearheaded the investigation

and say they've spoken to those

who've come forward as victims. REPORTER: What was their

response? Certainly a sense

of great relief. This matter

as we all know has gone on for

well over two years. It's a

great relief and some

satisfaction with the police

investigation. They didn't

want him released on bail

arguing he was a flight risk

who had the money and

motivation to evade a trial.

According to his lawyer, Robert Hughes has been trying to help

police, offering to return to

Australia voluntarily, but they

never asked him to surrender

and his offers of cooperation

were rebuffed. Despite that,

he plans on fighting

extradition. Robert Hughes is

facing strict bail conditions,

a night-time curfew at his

home, animatronic tag and a ban

on being alone with anyone

under 16. He'll appear again

in court next month. Four

people have been killed in a road crash in North Queensland.

Police say a truck and a utility collided head

utility collided head on at

Kaylin on the Bruce Highway

near Mackay about 8.30 this

morning. A child suffered

serious head injuries and has

been flown to hospital.

There's been another bikie-related shooting incident

in Queensland. About 30 rounds

were fired from a

semi-automatic weapon into the Rebels Motorcycle clubhouse in

Brisbane's north early this

morning. A crime scene has

been set up as officers investigate. Queensland's Crime and Misconduct Commission is concerned there's

is concerned there's an

emerging pattern. We are

seeing a lot of shootings

related to outlaw motorcycle

gangs in more recent months and

that's what makes it really

important that we respond as

fully as we can bringling all

possible powers to bear.

No-one was injured in the

latest shooting. The former

chief financial officer of the

Australian Wheat Board has been

fined $10,000 for his role in

the oil-for-food scandal. Paul Ingleby admitted breaching the

corporations act by failing to

act on information that the

wheat exporter was providing

kickbacks to the Iraqi

Government between 2001 and

2004. The payments were

disguised as transport fees and

were in violation of UN sanctions imposed

sanctions imposed on Saddam

Hussein's regime. Australia's

corporate watchdog pushed for a

penalty of $40,000, but the

judge ruled that was too harsh.

Ingleby has been banned from

managing a company until the

end of the year. More and more

Australians are refusing to pay

the $2 fee for withdrawing

money from an ATM not owned by their bank according to a

Reserve Bank study. It seems

pensioners have defied

pensioners have defied

economist predictions and are

willing to drive across suburbs

to avoid paying the fee. As a

result growth in the number of

ATM machines has slowed while

the number of EFTPOS terminals

is increasing rapidly. The Australian Payments and Clearing Association has been

looking at the trends. Chris

Hamilton is its CEO. The

economists were surprised,

because in a sort of pure

economist kind of a way, the

economist kind of a way, the amount people are paying for these transactions hasn't

really changed. What used to

happen was your own bank would

charge you something if you

used someone else's ATM. What

now happens is if you go to an

ATM that's not your own bank or

financial institutions, then

the fee is there in your face

as it were, it's on the screen

and gets charged by that

sthution that's providing the

ATM service. So the fee hasn't changed, but

changed, but what has changed

is the customer's perception of

it. If a fee is in your face

you think about it a lot more.

It's pretty clear that's what

happened in Australia. Is

this a sign that people are

becoming more money conscious,

putting costs first and

convenience second, just

becoming more savvy? I think

that's right. There's a sense

in which when you bring the fee

to people's attention they

absolutely react by changing

their behaviour. Sometimes

they're probably doing that in

a way which is not economically

purely rational. What I mean

is the amount of money that's

involved may not be worth the

extra hunting around for the

ATM, but of course that's their

decision to make and it's up to

them to decide how much they

value that extra fee. Is the

increase in EFTPOS and the plateauing in the

plateauing in the number of

ATMs a signal that we are

moving towards a cashless

society? Well, we always talk

about a cashless society, but

I'm pretty confident in saying

to you we won't be without

cash. Cash is the default

option. If nothing else is

going to work, cash is there

and for that reason it will be

around for a long time yet.

With that said, there's no

question the long-term trend is

towards much more electronic

activity and less cash activity. Chris Hamilton,

thank you. A pleasure. We

could be paying more for food.

Global food prices are on the

rise up 6% in July thanks to

wild swings in weather. One of

the hardest hit regions is the

narrowly abundant grain belt in

the United States. July was

the hottest month in American

history, with no rain from

above these crop s are more bad

news for the world economy.

We should be seeing corn

coloured and taller than me.

This man has farmed these 2,000

acres for half a century. He's

seen severe drought before and

nothing this bad. He usually

gets 150 bushels of corn from every

every acre. This year he'll be

lucky to get 10. It's a

disaster. The lack of corn is

already hurting, pushing up the

cost of food for the animals.

Many are being slaughtered

early. If the rains don't come

within days, the soya beans

will be finished too and

there's not a cloud in the sky.

The crops withering in this

parched ground are vital for the world food industry, its

very foundation. Not only

because they provide animal

feed and oil, but because they

go into foods you wouldn't

imagine - from snacks to fast

food, even soft drinks. The

man in the coat has reason to

be animated. He's a trader in

corn futures 300 miles away in

Chicago. There's frenetic activity, because they're

expecting prices to rocket if

figures show how little corn is

reaching the market. The

impact won't stop here. Soy

meal, all the products you use

at home that come from corn,

soy beans and wheat, bread

everything, the prices will go

up minimum 20% at the grocery

store. Swathes of rural

America have seen their

livelihood devastated by

drought. The fear is next year

will be just as parched and

much poorer. Let's go to other

stories making news in

business. The chairman of the

competition watchdog says

greater privatisation of electricity assets could lead

to lower power prices. The

ACCC boss has packed calls for

a reform of energy networks

saying adhoc policies by State

and Federal Governments have

contributed to price increases.

US authorities say they don't

have enough evidence to lay

criminal charges against

Goldman Sachs for allegedly misleading customers before the

global financial crisis. The

banking giant has accused, was

accused of duping investors

into thinking a package of

subprime mortgages in

California was a safe bet, and

American politicians agree a

new business model is needed.

The US post office is reporting

a quarterly loss of $5 billion.

The agency blames the

The agency blames the shrinking

volume of first class mail, but

the bulk of the loss has gone

in payments for retirement

health benefits. Time to check

the markets with Simon Palin.

More company annual results out

today? James Packer's gaming

and hotel group Crown has

lifted profit by 53% to $513

million. Revenue from the

group's local operations

increased on the previous year,

but the company says gaming

revenue growth slowed in the

second half and Crown shares

are up 2%, and also today,

property management and development company Goodman

Group has increased its

full-year net profit by 4.2% to

$408 million as it expands

overseas. Goodman says its

ability to access third party

capital is helping its cause

and shares are up 1% to $3.83.

What about the rest of the

market? There were modest

gains when the market opened

this morning, but in the last

hour or so it has slipped into

the red, but the ASX remains on

course for another winning

week. The All Ordinaries Index

is down 11 points to 4,318.

There is some weakness in the

banking sector today. All big

four banks lower. Commonwealth Bank down

Bank down 1.5% to $56.08. The

Reserve Bank has its monthly

statement on monetary policy

out? That came out within the

last hour or so. The Reserve

Bank has raised its 2012 growth

forecast on stronger than

expected household demand. The

RBA is forget consumer prices

to rise in the year to December

2012. That is slightly higher

than the May forecast, but it

says the Australian dollar

gained strength could prove

more of a drag on the economy

than first thought. This is

interesting, because it comes

as the Reserve Bank faces

growing calls to intervene in

currency markets. Let's check

the domestic market's other big

movers in the ASX top 100.

Onto Wall Street, and an

eerily flat market, the words

of one money manager. Traders

are waiting to see what the US

and European central banks will

do about the global debt

problems.

Japanese stocks down for the

first time in five days and in

Japan the Nikkei off almost

0.5%.

The demand for nannies

across Australia has more than

doubled over the last five

years according to the industry

association. Nannies are seen

as a flexible alternative to

child care centres where

operating hours are fixed, but

they don't qualify for the

child care rebate, which

refunds 50% of out of pocket

child care expenses. The child

care minister Kate Ellis says

the industry needs regulating,

but the path to reform is a

very long road. Anne-Marie

Sansom is the spokeswoman of the Australian Nanny

Association. I think there's been a demand with the

workplace changes. We're not

doing traditional 9 to 5 roles

that we used to be doing and

there's a lot more pressure on

parents and mothers returning

to work, so people are looking

for more flexible child care

options and nannies fit that

bill. Nannies, though, don't

qualify for the childcare rebate at the moment. You've

been lobbying hard to change

that. Are you confident with

the spotlight on childcare at

the moment that things will

change soon? I think it's a

long road to go as Kate said,

but I do think that there is a

possibility that it will

change. There's already

existing regulations in place

under the in-home care scheme

which are basically qualified nannies providing that service

in family's homes, but it's a

very limited scheme. It's not

available to all parents like a

childcare centre is. And you

represent nannies who get super

from their employers and all

the other benefits, but there

is a very large black market in

nannies if you like, people who

are paid cash in hand to do the

job? Yes, and I think that's

the difference between say a

babysitter or an unqualified

nanny or people who call themselves nannies and they're

not actually nannies. They

might be a teenager or a

traveller, someone like that

who's not actually a

professionally qualified nanny.

What do you make of the

suggestion that some childcare

centres should open for 24

hours and even be open at the

weekends? I think it's great

that we're looking at different

flexible options for parents,

but realistically do we want to

be taking our children out of

bed at 10, 11 o'clock at night

and taking them to a strange

place like a centre or someone

else's home. Wouldn't it be better when they're in their

own home when we're talking

about sleep and a child's

development? There are some

places where the demand for

nannies is greater than others?

It depends on the area you're

in. Say, for example, capital

cities have a bigger demand

where the workforce is and different regional areas

depending on what type of work

we're talking about. Obviously

places that have shift work and

places like that, you're going

to have more demand.

Anne-Marie Sansom, thank you.

Thank you. It took just one

day for the murder trial

reaching the top layer of

China's power elite to come to

an end. Gu Kailai did not

contest the charge that she

murdered a family friend and

associate, the British businessman Neil Haywood. Her

husband Bo Xilai was a

potential Communist Party

leader and the scandal has

risked tainting the party. At

the heart of this case, one

53-year-old woman faces a

serious accusation, but there's

much more at stake than her

innocence or guilt.

Appropriately perhaps given the

storm of scandal surrounding

the trial, a typhoon blew in

for its opening. These two

British diplomats were the only

outside observers to be given

access. On the face of it, the

case is simple, Gu Kailai is

charged with murdering her

British business partner Neil

Haywood in a dispute over

money, but what makes this

trial so politically

significant is Gu Kailai's

husband, Bo Xilai, who was one

of China's 25 most senior

politicians. Neil Haywood's

relationship with the family

ran deep. He's said to have

helped get their son into

Harrow his old school and moved

large sums of money out of the

country on their behalf. When

his body fwounds at this hotel,

the death was recorded as a

heart attack, but then four

months later, a former senior

police chief, Bo Xilai's right

hand man, fled to the US

consulate alleging murder and a

cover-up. The case raises

questions about abusive power

at the highest level of Chinese

politics. With the trial over

in just seven hours, it was

followed by a press conference

where Gu Kailai's guilt was all

but confirmed by this official.

But questions remain - has

justice been done here for the

victim? What will happen to Bo

Xilai, and has the world's most

powerful political party now

contained the damage? Let's

have a quick look at other

stories making news around the

world. Residents of Manila in

the Philippines have begun a massive clean-up after floodwaters swept the capital

and nearby provinces. Nearly

300,000 people remain in

temporary shelters after nearly

two weeks of monsoon rains. An

American man has arrived in New

Zealand for treatment after a

rare mid winter rescue from

Antarctica. The man suffered

what's described as a medical

emergency at a US scientific

base and was treated by an

Australian rescue team flown in

on an Air New Zealand Air Force

plane. And the 'Curiosity'

rover has sent back another

post card from Mars, a colour

panoramic image of the crater

landing site. NASA says the

new images are crucial to

understanding the Martian

landscape and part of the

search for life on the red

planet. And while the space

agency was celebrating success

on Mars this week, back at its

Florida base, one landing craft

barely got off the ground. The

liftoff of the experimental

green energy 'Morpheus' was

going to plan, then it all

unravelled thanks to what NASA

described as a hardware

component failure, which

prevented it from maintaining

stable flight. Nobody was hurt

in the crash and the flames

were eventually put out.

Australians are two shots off

the pace after the opening

round of the US PGA

championship in Carolina. Carl

Pettersson leads after posting

66. Geoff Ogilvy is two shots

back, while Tiger Woods is 3

behind thanks to a late

recovery. Adam Scott bounced

back from his British Open disappointment with five

birdies and a bogey in

difficult afternoon conditions

to hold a share of sixth place.

Aaron Baddeley avoided the

dangers of the ocean course for

a bogey-free round.

COMMENTATOR: He pours it in for

a round of 68. Two-time

winner Vijay Singh showed his

best is still good enough, but

a luckless round left the

Fijian five strokes off the

pace. A round of 6 under par

was Petersson's best effort at

the tournament. They lay

hidden in a French attic for

nearly a century, but now a

collection of photographic

glass plates is giving unique

insight into how First World

War Diggers relaxed in their

downtime. The remarkable

images showing Diggers posing

in a French village a few

kilometres from the horror of

the Somme battlefield have been

donated to the Australian War

Memorial. This might just look

like an old chest, but it's a

treasure trove of photo

negatives from the First World

War. It was found last year in

the attack of a farmhouse in

the French town of Vignacourt.

During the battle of the Somme, Australians were there

in 1916 and again in 1918, it

became a very important rest

area, one of the main rest

areas for troops. Today, more

than 800 photographic glass

plates were decented to the war

memorial by Kerry Stokes. The

photos were taken in 1916 and

1918 and show Australian

Diggers relaxing in the village

just behind the frontline.

The photographers took the

images on glass plates. They

then printed them in two

postcards. For a couple of

francs each the soldiers could

buy post cards to send back

home. You see them as

Australian larrikins, lurking

around with their friends,

pulling faces, poses, settling

back into a chair. A moment

in time that wouldn't last

long. Up to a quarter of the

men in these photos were killed

or wounded during the battle of

the Somme. About 70 images

from these fragile glass

negatives will be printed to go

on public display. An exhibition exploring the

personal experiences of

Australian soldiers on the

Western Front will open here at the Australian War Memorial in

November. And the curators

hope visitors will be able to

help identify some of the

Diggers in the photos, allowing

the memorial to put names to

faces captured for posterity.

To the weather now. A

satellite shows cloud clipping

the NSW coast as it spins

around a deep Tasman low. Low

cloud lingering over Victoria and Tasmania in cold

southerlies and clear skies

elsewhere. A Tasman low should

direct brisk southerlies into NSW triggering showers on the

coast and ranges. Heaviest

near the coast. A high should

direct moist south-westerly

winds and showers into Victoria

and Tasmania and keep skies

mostly clear elsewhere.

Back to the Stock Exchange:

That's the news for now on

a day when Australia won gold,

silver and bronze, the Defence

Department was examining cracks

in its patrol boats and 'Hey

Dad' actor Robert Hughes was

given bail in London on child

sex claims. There's cows 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. Thanks for joining us,

have a good afternoon and a lovely weekend. Bye for now.

Closed Captions by CSI.

ROARS

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