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force Iraq to play the Saddam card. Devastating bomb attacks from the same hymn sheet. Howard and Bush still singing another dividend bonanza? Can the stock market deliver And Tiger burning bright - his 10th major. his 2nd British Open, Hello. I'm Ros Childs. Welcome to the Midday Report.

And I'm Anita Savage. The local market has been encouraged and building stocks. by interest in resources up about 8 points. The All Ords around midday The Nikkei is weaker. at week's end. New York saw modest gains the US75 cent mark. The dollar has fallen below later in the bulletin. And I'll be back with more more than 100 people dead. Three days, 20 suicide bombings, they're grim statistics Even by Iraqi standards

in sight to the blitz. and there appears to be no let-up The attacks were nationwide, of Baghdad the deadliest to the south by a bomber where a gas tanker was blown up into a fireball. turning a square outside a mosque initiative, In a bid to seize back the the Iraqi authorities have announced filed that the first charges have been Hussein against former dictator Saddam in a few days time. and his trial date will be set

that's lost so many. The agony of a small town Musayyib is now burying its dead becomes clear. as the full horror of what happened crowded in the cool of the evening The centre of Musayyib had been

fuel tanker, blew himself up. when the bomber, driving a stolen shops, homes and cars A giant fireball then engulfed and the people inside. their children out of windows Witnesses speak of parents throwing

to try to save them. in the bombing, This woman lost a son the deadliest there has been in Iraq government took office in April. since the new Shi'ia-dominated There were so many injured, nearby towns for treatment. dozens had to be taken to

this survivor says, "How could the bomber do it?" "And where were the police?" targeted, too, But Iraq's police are being in relentless attacks. was aimed at a patrol, This bomb in Baghdad in the capital this morning alone. one of at least three explosions are being trained More and more police and soldiers and put on the streets. coupled with political progress Building up the security forces, the bloodshed. was meant to start to halt Since the elections in January, but thousands of Iraqis not hundreds,

are thought to have been killed. haven't been able to stop the bombs. So far, 135,000 American troops it needs them here, The Iraqi Government says rejecting the view provoking violence. that their presence may be actually When the Americans say by such and such a date, they're going to withdraw

then insurgency will come down.

At the same time, many Sunnis American occupation who are very much against the Iraqi police and military, will start joining a better balance and so there will be among the Iraqi troops and police. That will change the situation. billed by the Americans at the time The capture of Saddam Hussein was as a blow to the insurgency. it's been announced Today, a year and a half later, have been made against him. that the first charges He is now formally accused of 150 people of involvement in the massacre against him back in 1982. after a failed assassination attempt Battered by these unending bombings, it hopes that the trial of Saddam

with its people, will boost its popularity is that the killings stop. but what matters to them most in Iraq, Despite the worsening violence John Howard has described of many of its citizens the steely defiance as an "inspiring democratic story". The Prime Minister is in Washington

arms by the Bush Administration, where he has been greeted with open are lucky to be led by Mr Howard. one top adviser saying Australians BELL TOLLS where parishioners are frisked It is not every church before Sunday service,

from the White House but St John's is a stone's throw

welcome John Howard to Washington. and the venue for George W. Bush to country's service men and women The two leaders prayed for their in Iraq and Afghanistan.

The sermon took as its text 'The Wheat and the Weeds' the parable of and humility. with its messages of patience myself included. We can all take a bit from that, meetings with the President The Prime Minister's official are still more than 24 hours away. got into gear Today his formal program with Vice-President Dick Cheney with an informal lunch Richard Armitage. Deputy Secretary of State and drinks with recently retired foremost experts on Australia, Long one of Washington's for Mr Howard. Mr Armitage has high praise are quite lucky. I think people of Australia he has been consistent, He has been tough-minded, he is not afraid to speak his mind has permeated and I think that example to many of us in the United States and shown us the way would get a little wobbly. when sometimes our knees talks with the Bush Administration. John Howard is not only in town for

International Democratic Union, He is also Chairman of the parties from around the world. the federation of conservative It's meeting in Washington the keynote address. and the Prime Minister will deliver democracy" will be his theme. "The importance of fostering he declares, "Democracy has had a good decade," including Iraq as a success story, and deepening violence. despite the backdrop of persistent the extraordinary courage I will certainly be talking about of the Iraqi people and threats of death in defying violence and intimidation in order to embrace democracy. more inspiring democratic stories the Prime Minister is one of the Iraq says

of the last few years. Jim Middleton, ABC News, Washington. As the massive hunt bombings continues, for those responsible for the London bombers it's been revealed that one of the

had previously been investigated by authorities. Mohammad Sidique Khan was subject to a routine check by MI5 last year

but was not considered to be a threat. As Europe correspondent, Rafaelle Epsteen reports, the government is pressing ahead with plans for new anti-terrorism laws. New security barriers around Westminster where there will soon be talks about security for the country with tougher anti-terror laws. We've got to keep our eyes all the time on what the best steps are to fight terrorism. We've got to learn the lessons

and that's why we're bringing forward these new laws.

The Government wants three new criminal offences: Indirectly inciting terrorism

The Conservatives say they support the principles if not the details. Many of us have worried for years as to why it is that we seem to have people allowed into our country or living in our country who are able to say things which most of us would think to be disgraceful and incitements to violence and killing. If this brings us closer to that, we'll help them get it. After the dramatic raids of last week, police are still searching seven homes in northern England. The hunt for other suspects now lies with the quiet work of intelligence agencies. But there's still concern they missed information about Mohammed Siddique Khan. An al-Qaeda trainer held in the US says he met Khan in Afghanistan. And British agencies admit they came across him in connection to another terror investigation.

Doesn't surprise me this man has been identified in MI5's operation because this thing is like concentric circles - the further out they are,

the less likely they are to have resources they can apply to them in terms of surveillance. After having their concerns ignored, many in the US and Europe will ask

why it's only now that Britain is outlawing those who incite or train those who carry out attacks. At the same time, 500 imams are preparing to issue a fatwa, or religious decree, condemning the bombings. Rafael Epstein, ABC News, London. Former British prime minister Sir Edward Heath has died at the age of 89. Sir Edward was credited with bringing the UK into Europe by joining the Common Market in 1972. To do so, he had to overcome entrenched opposition from his own Conservative Party. He got us into the European Union, a huge step, very difficult. Amazing achievement and it's lasted. But his 3.5 years in power were overshadowed by industrial unrest and power cuts. He was replaced as Conservative Leader by Margaret Thatcher in 1975. Sir Edward was also a renown musician and sailor, winning the 1969 Sydney to Hobart race aboard his yacht, 'Morning Cloud'. Renewed efforts to bring peace to the troubled Indonesian province of Aceh appear to have succeeded

with a deal between the Indonesian Government and rebels. Both sides have agreed to sign a peace accord to end a 30-year conflict that has cost an estimated 15,000 lives.

The announcement came in the Finnish capital, Helsinki where mediators have been holding talks with representatives from Jakarta and the Free Aceh Movement or GAM. Under the deal, the rebels will disarm and be able to form their own political party, while the Indonesian military presence will be scaled back. Last December's tsunami provided the catalyst for the negotiations, with a formal signing next month intended to bring an end to the fighting. Tim Palmer is the ABC's correspondent in Jakarta. He joins me now on the phone. Tim, does this agreement really mark the end of the civil war, because there have been peace deals before which have failed to hold?

Well, that's quite right. A long

way to go, but if you look at the

previous peace deal which

previous peace deal which collapsed just over two years ago into

just over two years ago into marshal law and heavily increased fighting,

that was known for its lack of

ambition, that agreement. It was

essentially just a cease-fire deal.

Both sides were able to labour on.

The Indonesian Government believing

it was on the way to integration

it was on the way to integration and the rebels believing this was a

the rebels believing this was a deal heading towards independence and as

soon as both sides confronted heech

other on that, it collapsed. This

time, the deal is completely

different. It is under the

different. It is under the standard of peacekeeping that nothing is

agreed until everything is greed

agreed until everything is greed and sit down and it touches those big

issues under which the rebel

movement, the Free Aceh Movement

movement, the Free Aceh Movement has agreed to be part of Indonesia, awe

tonne minimum p self-government

tonne minimum p self-government that allows them to move into the

political process and holds much

political process and holds much hope of sticking than previous

cease-fire deals. And Tim, what

role did the tsunami hold in

bringing this peace agreement?

It brought international attention.

Aceh has largely been the

Aceh has largely been the forgotten war for nearly three decades with

estimates ranging from between 10

and 20,000 deaths. I think rather

than forcing anything, in terms of

the aid not being able to go ahead

because of the war, because that

wasn't the case because they were essentially in two essentially in two different areas,

I think it's simply the fact that

I think it's simply the fact that it put Aceh back in in focus, back on

the international map. It made

those deeply concerned about the

issue to take further steps and

issue to take further steps and achieve something this time.

Tim Palmer on the line, thank you. Japan has long been accused of bribing small nations to get support for the resumption of commercial whaling. It's a claim Japan denies. But tonight's 'Four Corners' program details the favours Japan has been handing out to countries in the Caribbean and Pacific in exchange for votes.

Countries in the Caribbean have long been supporters of Japan's campaign to resume commercial whaling. Tonight on 'Four Corners',

the former Environment Minister of Dominica says their vote was bought in exchange for its support. But that's more than extortion and, I mean, I don't think the international legal community has come up with a term to describe this blatant purchasing of small country governments by Japan. The neighbouring island of Grenada is also an ally of Japan's. Now there's confirmation expenses were paid by representatives of the pro-whaling bloc in exchange for its attendance at the Whaling Commission meeting. I would get to an airport and someone would meet you at the airport and, you know, pay for your expenses, give you moneys for your expenses. Japan has also found support in the Pacific. REPORTER: So the Japanese paid for for your airfares, for the membership fees, for daily allowance,

for everything it seems. What did they want out of it? They wanted the government's support, to support the position at the IWC. But they're allegations rejected by Japan. It argues whaling is a cultural right and it denies it engages in vote-buying. I don't believe that happened. Well, that's what they told me. Mmm. Why do you think they would tell me that? I have no idea. But it has admitted it plans to court more votes before the IWC meets again next year. Sarah Clarke, ABC News. And you can see that story in full on 'Four Corners' tonight at 8.30.

The Israeli military has started to build up its forces along the border with the Palestinian Gaza Strip. Israel has threatened a large-scale invasion of Gaza if the Palestinian Authority does not stop militants

from firing rockets into the Israeli settlements built there. There have been over 100 Hamas rocket attacks in recent days Israeli tanks have moved up to positions on the border with the Gaza Strip. Tank crews are practicing their drills ready to be called into action. Israel has threatened to invade Gaza if Palestinian militants continue to fire rockets on nearby Israeli settlements. And Israeli soldiers are being briefed on how the tanks will work in battle. The Palestinian militant group, Hamas,

has been raining rockets and mortars down on the Israeli settlements and towns in and around Gaza since the end of last week. Israel has attacked with helicopter gunships and sniper fire. As the conflict escalates, serious concerns have emerged about the level of discipline and restraint displayed by Israeli soldiers. Activists opposed to the barrier Israel is building in the Palestinian West Bank

have released a video taken at a recent demonstration. It shows a senior Israeli officer head-butting a Palestinian man.

The escalation began when Natan Gelkovitch's 22-year-old daughter was killed in a Hamas rocket attack. The rocket fall and then she walked through a window and then a scrap of the metal got into this side of her head.

Hamas has defied calls from Palestinian President Mahmud Abbas to end the attacks. And Hamas and the Palestinian authority are locked in a deadly struggle for power in Gaza. And the rising death toll is making an escalation in the fighting ever more likely. Natan Gelkovitch says he believes there will be three more generations of bloodshed before there is peace here.

The army is getting ready to get into the Gaza Strip and this is not the first time and not the last time.

Any move into Gaza would probably result in greater Israeli as well as Palestinian casualties. But Israeli armoured vehicles have been loaded with ammunition and made ready for battle.

If these tanks do roll across the border

then just four weeks before they're meant to be withdrawing, the Israeli military will be involved in a full-scale invasion. Matt Brown, ABC News, on the border with the Gaza Strip. Tasmanian farmers have gathered on the mainland to urge consumers to buy Australian. Arriving in Melbourne early this morning,

the farmers are pushing their Fair Dinkum Food campaign to tighten food labelling laws. They want Australian produced foods to have more recognisable labels. The action comes after fast food giant, McDonald's cancelled a contract with Tasmanian potato farmers, to import potatoes from New Zealand. We grow about 80% of the nation's processed vegetables that are grown in Australia, so it's a particularly important campaign for us. The farmers will take their concerns to State and Federal members in Victoria, New South Wales and the ACT.

Insurance companies will have to make a decision on claims within 10 working days as part of a new industry code of practice. The code will also require companies to provide advance payments to claimants who are experiencing hardship and to provide clearer information about policies. The slow and steady retreat of the housing industry continued in the March quarter. The latest figures out this morning show the total value of completed building work eased by 1.5%. New housing was 1% lower in the quarter with alterations and additions down by almost 3.5%. The business reporting season kicks off today with US-based building materials company Rinker delivering a strong result underpinned by solid demand and higher prices in most markets. Rinker's June quarter profit was up more than 60% to $241 million. Its Australian subsidiary ReadyMix reported an 11% profit rise - higher infrastructure and commercial construction activity replacing a softening housing sector. In the wider market, many analysts are warning investors to buckle up for what could be a rocky ride over the next few months. Andrew Robertson is at the stock exchange. Andrew, those figures from Rinker, first of all, pretty good, as expected?

That's right, Ros. Rinker was

That's right, Ros. Rinker was spun out of CASR a few years ago. Its

ernl 90% of its incom in the

ernl 90% of its incom in the United States. The housing boom in many

areas is still in full swing.

areas is still in full swing. While Rinker has done well, there is some

nervousness about the reporting

season which is on us. I'm joined

by Martin lay 'cause. Martin, what

are you expecting in this reporting

season? We've already seen a

concession season. That's getting

concession season. That's getting factored in the market. I guess

it's been seen with the market at

almost a new all-time high today,

but the background is still pretty

positive. You've got fairly

resilient US economy. Japan is

certainly recovering. The layout

amongst the major geographic areas

is ur rop. Australia is in good

shape, although seeing some signs

shape, although seeing some signs of slowing growth. China is the key

kicker, without a doubt. You

kicker, without a doubt. You would expect resources stocks to do well.

What sectors are you expecting to

struggle with their profits this year

Cy Cyclical stocks, that is is the

housing construction companies,

possibly to fare fairly weakly. Discretionary spending will

Discretionary spending will probably come under some pressure and we're

basically seeing costs rising.

That's putting margins under

pressure for these companies. We

also believe media could come off

later this year. Farce in

later this year. Farce investment

going forward, we're looking for

going forward, we're looking for BHP and Rio. Better bulk commodity

prices and elsewhere pretty strong

performancesdom messcly from

infrastructure and looking for some

of the defensives to perform

reasonably well, such as the banks.

Just Just on the banks, are the

glory days of the banks over?

glory days of the banks over? We don't think so. We're

We don't think so. We're expecting to see a slight improvement this

year. Banks should earn roughly

about 10% this year, plusf about

15%, so the banks still look pretty

good. They have been very much

focusing on the margins, we think

the banks are a good defensive

investment at the moment. What this mean

investment at the moment. What does this mean for the stock market as

this mean for the stock market as we move towards the end of the year?

The reporting season kicks off at

the inched of this week. We are

expecting to see some surprises

expecting to see some surprises but on the whole, the market is a

reasonable result. 15 to 20%

reasonable result. 15 to 20% across the whole market. BHP and Rio as I

mentioned before. Going towards

mentioned before. Going towards the end of this calendar year, we see

some ahead. One of the first to

report next week will be the stock

exchange iths self. It is expected

to be a good result . Thanks for

that. To take a closer look it at

today's action here is Anita Savage.

Good results from Rinker. How did

the share price react to that?

the share price react to that? Very positively, Ros. Rinker's

shares are trading at up almost 5%

on the day. Ripger has anouned a

rise in full-year profit outlook to

30%. Rinker is one of the market's

success stories this year. Its

shares up more than 30% so far,

shares up more than 30% so far, more than five times the broader market.

What impact is that having on the

What impact is that having on the broader market today? Building

materials are up and that is

materials are up and that is pushing the market higher, although the

the market higher, although the mood is still cautious. Around midday,

the All Ords is 8 points higher at

4262. The ASX200 is up 9 at 4302.

Investors are also taking heart

Investors are also taking heart from reports soing the US economy is

healthy. Rio Tinto is weighing on

the market. Its shares have fallen

34 cents to 35.91 after it asked

34 cents to 35.91 after it asked the West Australian Government to cut

royalties on its Argyle diamond

mine. Rio Tinto currently pays a

royalty of 7.5% compared with 2.5%

paid by the State's goldminers.

What about oil? Oil companies on

the whole are higher after rising

prices offer the weekend. Santos

prices offer the weekend. Santos is 23 cents higher at $10.78. One of

the exceptions though is Origin

Energy. Its shares are down 2

cents. It told the stock ex-chaik

this morning that commissioning of

that bs strait bass gas project has

been delayed until September.

Origin is working to correct

Origin is working to correct defects in the construction on that project.

S timetable has been revised

S timetable has been revised several times because of those problems.

Origin now says that it expecting

the project to start in about two

months' time and be up to full

production by the end of the year.

So more delays there for Origin

Energy affecting its stocks. A check now of the domestic market's other top movers in the ASX 100. Rinker, as we said, leading the way higher, along with Challenger Finance. AXA Asia Pacific and UniTab down more that 1%. Thanks, Andrew. To Wall Street, where a late wave of buying gave the market its seventh straight gain on Friday. The Dow up 12 points. The Nasdaq had its best close this year. Shares in London were dampened by a weaker oil price. In Japan, the Nikkei dropping a few points at week's end. Hong Kong marginally ahead. New Zealand adding close to 0.5%. In currencies: In commodities:

With his second British Open victory,

Tiger Woods has become just the second man behind Jack Nicklaus

to win the four golf majors twice. Woods tamed the St Andrew's layout and broke the hearts of his rivals to finish five shots ahead of Scotland's Colin Montgomerie with playing partner Jose Maria Olazabal

one shot further back. Australia's Geoff Ogilvy finished in a tie for fifth.

ite╛ The European challenges came

early from Spain's Olzabal and

Scottish hope, Montgomerie. But

talk of the demise of the world No.

1 was gritly exaggerated. Woods

answered the early birdies of his

closest rivals with one of his own

at the fifth. The Montgomerie

at the fifth. The Montgomerie cheer quad was on the march but two

quad was on the march but two narrow misses in the third round slowed

misses in the third round slowed the advance. COMMENTATOR: That was so

close! Woods gave one chance to

close! Woods gave one chance to the chasers at the 10th, finding a

fairway bank bunker. Now leading

fairway bank bunker. Now leading by just 2, Woods applied the pressure

with birdies on the 12th and 14th

with birdies on the 12th and 14th to take a five-shot lead. COMMENTATOR:

Oh, yes! I think we're looking at

the Open champion. His

concentration was disturbed at the

17th with the crowd looking for a

shot of one of golf's greats.

Put the cameras away, please.

By the time Tiger reached the

18th, it was all smiles ago and

18th, it was all smiles ago and he could soak up the adulation. Only

his mother appeared to need a nerve

steady yeah. He became the third

man to win so or more majors

man to win so or more majors because Nicklaus and Walter hey began.

APPLAUSE. This has been a special

week for all of us. We got a

week for all of us. We got a treat to see one of the great -- to see

the greatest champion ever lived

walk down that fairway on Friday,

walk down that fairway on Friday, Mr Jack Nicklaus. Woods wouldn't bite

when gimpb a chance to respond to

those who say he should re-model

those who say he should re-model his swing. I can't say it on air.

With Tiger back in the swing,

With Tiger back in the swing, next month's USPGA is well within his

grasp. Rob Cross, ABC News. One other sporting footnote - American Lance Armstrong is still out in front and on course for a record seventh win, going into the final week of the Tour de France. And finally this lunchtime - managing a crisis. New research in America shows that millions of women have a midlife crisis, but deal with it much better than many men.

Carol Perry's midlife crisis came at 50. After her mother was diagnosed with Alzheimer's, she began to feel something was missing. The things that had meaning to me before didn't exist. They had changed. Nina Palmer got restless around 48. She had a big job in public relations and a big salary, but it wasn't enough. I guess, it just wasn't what I wanted to look back on and say,

"This is what I did for my whole life." While the male midlife crisis is more likely to be about: for women, the catalyst is more often a personal event: But the most striking difference between men and women is what they do about it.

Rather than complying with the male stereotype of finding a young partner or getting a sports car,

they're often doing things that really allow them to show off their aptitudes or their skills or even their personality.

More than any generation of women before them, baby boomer women have the money, the education and the career confidence to turn a midlife crisis into a daring second act. Women today are in 58% of all college degrees,

hold 55% of the nation's professional jobs They have the resources to go ahead and do the midlife crisis really well. Nina Palmer made a bold change in her life. Hello, little one. Let me see your nose. She took a $100,000 pay cut to become a veterinary nurse at a New York City zoo. I think what I was doing before was important. I know it was important to a lot of people, it's just that this is more important to me. Carol Perry began competing in triathlons. Her sports club in Denver has more than 100 women triathletes over 50. I didn't get a Porsche,

I got a bike and my bike is my Porsche... ..and it's fast. The medal she got when she crossed the finish line reads:

Her next triathlon is later this week.

Time for the weather now. Low cloud is being pushed onto the west coast of Tasmania. Some low cloud too over North Queensland, but mainly fine across NSW, Victoria, SA and WA. A large high near Adelaide is bringing clear skies to much of south-east Australia, Queensland, SA and WA. A strong front is crossing Tasmania causing showers, strong winds and snow to some areas. Another front is approaching WA. Some isolated showers on the south-east coast of Victoria. Showers for western and southern Tasmania increasing overnight. Showers also in south-west WA. The forecasts: Mostly fine in Brisbane.

Sunny for Sydney, Canberra, Melbourne and Hobart. Fine and cool in Adelaide. Mostly sunny for Perth and Darwin. And a final check of the midday markets. That's the news for now. There'll be more at 7 o'clock.

I'm Ros Childs.

Have a good afternoon. Captions by Captioning and Subtitling International.