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The PM G8 bound, but he's

hosing down expectations. I

doubt that this meeting will achieve major breakthroughs.

Ahead of the Pope's visit the

Catholic Church fights cover-up

claims. There was no cover-up.

Africa's dogs of war, a coup

plotter jailed for 34 years,

and faster, higher, older,

America's 41-year-old Olympic

hope.

Hello, welcome to 'Midday

Report', I'm Deborah Rice. The

share market has been in and

out of the red this morning,

the banks down, miners up. All Ords is flat.

More finance later in the

bulletin. It's just a few days

before the Pope arrives in

Australia for Catholic World

Youth Day, and not what the

church wanted to be facing.

Its most senior figure in

Australia, Cardinal George Pell

"Nice claims that he sought to

cover-up claims of sexual abuse

against a Catholic priest.

Sydney man Anthony Jones says

he was abused twice by Father

Terence Goodall in 1982. When

raising the complaint, he said

the archbishop told him the

sexual assault was not

subsubstantiate the. The

church's own records show that

the complaint was proven and

action should be taken. They

destroyed my faith, ripped it

to pieces. I now hate Catholic

ism because of what Cardinal

George Pell did to me. An

alter boy also made claims that

he was abused. Cardinal Pell

denied there'd been an attempt

of a cover-up of Mr Jones'

allegation, but conceded he

could have handled the matter

better, especially in the

wording of the letter sent to

Mr Jones. The letter to Mr

Jones was badly worded and a

mistake. I was attempting to

inform him that there was no

other allegation of rape and I

overstated my agreement with

Murray, who found all

allegations sustained. I

accepted all these findings,

including the homosexual

misbehaviour, but, I repeat,

found evidence for rape

insufficient. The Prime

Minister isn't holding out

hopes of a big break through on

climate change when he meets

with G8 leaders in Japan, Kevin

Rudd flew out of Canberra this

morning for a series of talks

on climate change and the

global supply of food and coil.

Canadian media are reporting

the draft statement from the G8

Summit makes no mention of

binding targets to lower

greenhouse gas emissions. I

doubt the meeting will achieve

major breakthroughs, it's

important to use the meeting to

fashion a consensus on the need

for us all to act together on

climate change because all of

our economic and environmental

interests are at stake. Mr

Rudd will fly to Kuala Lumpur

later this week for talks with

Malaysian leaders. In Japan

the G8 leaders are getting down

to business, and the key issue

of food security, poorer

countries will look to the

leaders of the world's biggest

economies as they tackle

skyrocketing prices and food

shortageses. A toast to

prosperity, something the G8

used to be able to take for

granted. Not any more. It's

easy for,000m look relax, he --

for him to look relaxed, he

won't be around much longers

those who are are looking

worried. No longer can world

leaders set interest or

exchange rates, focus on

soaring oil and food prices.

On the menu here yet another

push for a world trade deal,

and yet another promise of more

help for Africa to grow more

food, helping Africans, and

it's hoped, consumers at home.

To deal with that problem the

G8 discussed with visiting

African leaders what aid it

could give to ensure the

continent doubled its footed

production, aid needed more

than ever according to the

World Bank. The fuel and food

combination, which is a double

jeopardy putting people in a

danger zone, and we have done

on the ground assessments of

over 50 countries, and we

believe that you could have

another 100 million pushed back

into poverty. What, though, of

that other African tragedy

Zimbabwe, some of the continents leaders are

reluctant to tell Mugabe to go.

The G8 will talk tough, and may

Australian Transport Industry threaten more sanctions. The

wants $10 billion from the

Commonwealth to fix a public

transport system which it says

representatives and academics is at breaking point. Industry

say the money should be used on long-term infrastructure development particularly in

outer metropolitan and regional

areas and wants the

Commonwealth to help the States

fund improves to bus and train

services. Professor Ross

Garnaut's climate change report

added extra pressure. Issues we

are talking about here is

critical for our nation, they

are issues that are rapidly

becoming worse, and the Federal

Government is the only body

that we have in this country

that is equipped to deal with

issues of this magnitude. The Federal Government concedes

public transport is a National

problem and is planning to play

a greater role in fix Territory

Government. There's more gloom

from a new National Building

survey out today, while

residential housing starts have

been hit by rising interest

rates and the global credit

squeeze, there are signs that

the non-residential sector is

being affected. Chief

Economist with Master Builders

association Peter Jones joins

me to discuss the builder

sentiment survey. What have

you found from this

survey? Thank you, well, Master

Builders latest National survey

has revealed a sharp dip in

builder sentiment. This is a

very marked turnaround from

sentiment that was showing last

year. We put that down to

tighter financial conditions,

as well as the impact of higher

petrol prices. Is it just in

the residential sector? No. As

you know, residential has been

flat for some time. What has

been driving strong building

and construction activity over

the past few years has, in

fact, been non-residential

building construction. This

latest survey is showing that

non-residential building

sentiment is also beginning to

weaken. How significant is

that for the economy? Well, of

course, the outlook then is

less than rosy for the

construction sector going

forward. If we were to see the

non-residential sector at least

plateau, and have less of a contribution to overall

economic growth, at the same

time as we see a suppressed residential recovery not

contributing, that will then

impact on the Australian

economy, as you know, building

construction, domestically

focussed with stranglingages

through to other sectors and a

bellweather for the economy.

Isn't the Government committed

through its Budget to greater infraproducture construction.

And Master -- infrastructure instruction. Master builders

were supportive of that, particularly the Building

Australia fund. The latest

survey shows in the short term

there's not a lot of confidence

that that work will come to

fruition. Now, there has been a

survey out from Victoria when

it comes to residential

building, that also there's

concern about the credit

squeeze there, particularly

builders being refused

credit. Not only does that

impact on residential, predominantly residential. We

are picking it up in the Master

Builders national survey, where

we found that the financial conditions constraint has

escalated as one of builders

key concerns, and, of course,

this means that it's a direct

result of the subprime crisis

and the Flo through of higher

borrowing cost, -- flow through

of higher borrowing costs

faghting the smaller boutique

plrs and is an issue.

Thank you, Peter Jones from if

Master Builders. Residents of

a small Queensland demunty are

up in arms over the --

community are up in arms over

the housing of a notorious

paedophile in their suburb.

Dennis Ferguson has been moved

after being forced out of the

town of Miles. 60 of

Ferguson's new neighbours

protested against his new

Loke. I have a 5-year-old,

there's no way in hell I'm

letting him outside the house.

All the police are family

people too. At the end of the

day, people can come here and

peacefully protest, but the

other side of the law is that

the resident at this address

has the right to privacy. The

Government will hold a public

meet tog try to allay the

community's fears. After more

than 100 years the remains of several South Australian

Aborigines are on their way

home. At a private ceremony

the University of Edinburgh

returned the remains of the

Ngarrindjeri woman acquired in

Colonial times. Scottish

museums handed over six skulls

to descendants that flew in for

the occasion. When you have a

peace or part of a person

missing from their country

their spirit never rests, they

are wandering all over the

place, and I believe that the spirits of them people, they

are here. On balance the

trustees found in favour of the

indigenous communities as represented by the Australian

Government. Negotiations to

return the remains took more

than a decade. Museum authorities say the handover

was assisted by the direct

involvement of the Australian

Government. British mers anry

Simon Mann is going to have a

long time to think about what

went wrong. He's been

sentenced to 34 years in

Equitorial Guinea, the West

African country he had been

trying to average throw in

2004. During his four day

trial Simon Mann knew he faced

a lengthy jail sentence, 34

years will come as no surprise.

The Eaton educated SAS operator

stood accused of trying to

topple the life of the

Government in Equitorial

Guinea. Wepions were shown to

court members, Simon Mann never

denied he was part of a plan to

bring down the Government but

portrayed himself as an ep plo

carrying out orders on behalf

of wealthy businessmen. He

claims two men were the master

minds, Eli Calil, a London

based Lebanese businessman and

Mark Thatcher Margaret

Thatcher's son Mark. He was

arrested and accused of

providing a helicopter for the

coup. He said he thought he was

funding an ambulance

helicopter. Mann and 70

merconaries from jailed in

Zimbabwe when their plane was

intercepted. The authorities

in Equitorial Guinea are

determined to bring other

suspects to justice. Sclarld

detectives are conducting their

own investigation, how much of

his sclns Simon Mann will serve

in Malabo is uncertain. His

cooperation has given him

favourable treatment. He could

be released on health grounds

and sent home to England. WA's

iron ore bonanza has a

downside. Exports to China are

raking in billions, there's a

price to pay when it comes back

to the state as finished steel.

WA may be the iron ore capital

of the world, when the raw

material is processed, it's

imported back into the state as

steel with a record high price

tag. In the last six months we

witnessed a 60% increase in

steel prices, that's not the

end of it. We are expecting

30% increase over the next 12

months. WA doesn't make any

steel, it's imported from China

or the eastern states. The

higher price of the materials

is expected to at an estimated

$1 million to the price of a 15

storey building and 25,000 to a

$300,000 home. Developers say

it's crippling. There's really

been a huge increase in the

last 6-8 months, and all the

price increases filter through

the scmi, yet nobody has said a

word. Through the economy,

nobody has said a word.

Australia's major steel

manufacturer BlueScope says a

200% increase in coal and 85%

in the price of iron ore drives

the global price of steel.

Additional costs are slapped on

by the middle men, steel

fabricators and distributors, the State Government saying

there's nothing it can do. We

get the benefit of high prices

for iron ore, but the

disbenefit of high global

prices for steel. The net vong

is still our way. ╝White)--

advantage is still our way.

Because of the price of steel

builders are no longer look

locking in fixed price

contracts, throwing up doubts

about the costs of major state

process like the Fiona Stanley

hospital and the new outdoor

stadium. Well, she's already

said to be declared Australia's

first saint. Now she'll be the

face on a new $1 coin. Mary

MacKillop, a none championing

education in Australia has been

selected by the Royal

Australian Mint to kick off a new 'Inspirational Australians'

series. The mint's Chief

Executive jor Janine Murphy

says the coin is designed to

appeal to more than just the

Catholic community. We don't

believe she's seen only as inspirational to Catholic

people because of her wider

involvement in education

throughout the country, helping

a lot of children on farms and

inland properties as well as

setting up the Sisters of St

Joseph who did good works not

only for the Catholic people

but everybody. It's a good

time to cash in on Catholic

fervour with the papal

visit The timing of the release

coincides with what we were

working with the Sisters of St

Joseph here at Mary MacKillop

place. It won't hurt your

sales. I'm hoping not. That's

true. This is just the first

in a series, and the Sisters of

St Joseph welcomed our approach

to them as the start of that

series. It will be a

continuing series over the next

few years. Who else will be

included in the series? I can't

tell you that now. We have two

already in the pipeline. So is

the coin for ordinary

circulation or investment

purposes? They are uncirculated. They are

specially minted and specially

packaged and so they are mainly

for collectors, and gift

givers. Why does the mint

produce these special

coins? Well, largely because of

that very purpose, for our

collectors, interested in coins

of different designs, more than

we could possibly put on a

circulating coin, and

collectors like to collect

dollar coins with special

designs, we make a series of

those over the course of the

year much How important are the

special coins to the survival,

the business bottom line of the

mint? We, our products have to

make a profit. We don't go

into them lightly, we do

research around what our

collectors and gift givers

would like to purchase, and we

mind them accordingly. What is

the market like for the special coins? At this stage not particularly increasing, but we

are managing to hold our own in

this more difficult economic

time. One way we are doing

that is by pricing our coins

into three different areas, the

high-end gold-proof type coins,

the mid range silver coins, and

the uncirculated coins in the

same middle content as the

normal circulating coins.

Janine Murphy, from the Royal Australian Mint thanks for your

time. To some of the other

stories in business, a survey

found conditions fell sharply

in June, the National Australia

Bank outlook report says a

sustained slow down in sales

and profits. For the first

time in six years more

companies were firing than

hiring. According to new

research, the mining boom will protect Australia from

recession for at least the next

five years, the industry

forecasting firm BIS Schrapnel

says mining will underpin economic growth rates of

between 2.5-4.5%. Toyota is

not commenting but media

reports say it will add solar

powered airconditioning to its

next generation Prius cars,

it's ducted solar panels will

produce a useful amount of

electricity. Now the markets

with Sue Lannin. Le not much

movement. The market is pretty

flat at midday on the East

Coast. Shares propped up by

gains in consumer staples like

Woolworths and resources. All

Ords down 6 points. The ASX

200 losing 5 points. The

biggest mover in the ASX is

Allco Finance Group, shares

gaining 11%. The company sold

part of its Singaporean real

estate arm for around $140

million, and Allco will use the

proceeds to pay off debt.

Financials are down today with

the big banks mainly lower,

listed property trust GP2 group

felt the wrath of invest ors,

losing 10% on shares on the

back of a profit downgrate.

GP2 led the rest of the

property sector lower. Lend

Lease will build two

environmentally friendly

schools in England, using

carbon friendly boilers to boil

wood ships, solar panels and

wood turbines to generate

power. You mentioned

resources, what is happening

there. Higher prices for

commodities like aluminium

pushing up miners, BHP Biliton

and Rio Tinto gaining half a

per cent, and Murchison Metal

losing 3.5%. Yesterday it

abandoned plans to merge with

Midwest Corporation, because of

opposition from rival bidder

Sinosteel, mid-west's major

shareholder. Their shares are

higher than the offer price.

Energy prices lower after a

drop in the price of oil.

Let's take a check of the

markets other big movers in the

ASX top 100. Trance Urban out

in front.

Thanks, Sue. To another wild

ride on Wall Street. The

banking sector plunged to a

decade low on fears that the

country's two top mortgage

lenders will have to raise more

capital.

Japan investors have been

spooked by Hong Kong's rise.

A rising greenback has gold

and oil sliding.

Well, there won't be a big

drop in the oil price any time

soon if industry experts and

other analysts are to be

believed. That's accelerated

the search for alternative

fuels, and renewed predictions

that coal could be a cost-effective replacement.

It's gasoline, but not as we

know it. This fuel isn't

refined from crude oil, but

from coal. The world's leader

in the field is SASOL, a South

African corporation operating

this facility outside

Johannesburg. The plant

covering 10 square miles

sitting on top of a large

coalmine produces 28% of all of

South Africa's gasoline, diesel

and jet fuel. Invented in the

1920s, the process was

developed by Peria states with

no oil, Nazi Germany and

apartheid South Africa. How

does it differ from the fuel

coming out of a an oil

refinery. It's cleaner fuel.

Cleaner to burn but not

cleaner to produce. Plants

spew twice as much carbon as

oil refineries, pumping CO2

back into the earth could be

the solution, environmentalists

say it will never work on this

scale. These plants are

expensive to build. With oil

over $140 a barrel they may

make economic sense. Here in

South Africa they produce

gasoline from coal for $25 a

barrel.

The Anglican Church synod

meeting in York voted to

approve the ordination of

female bishops, the decision

coming after a day of high

debates. 72 speakers putting

the case before and against.

1300 members before the vote

threatened to withdraw from the church rather than accept the

authority of a woman, all thooe

houses passed the change. They rejected compromised measures

designed to accommodate those

that couldn't accept female

bishops. Some race swimmers

are washed up before they hit

30. Tell that to 41-year-old

Dara Torres who qualified for

the US Olympic team. She set

her first record at 14, she's

now swimming faster than ever.

You couldn't help but wonder

how did she do it, how did a

41-year-old mother push past

swimmers half her age? Was it

practice, a perfect body, or

has Dara Torres found a

fountain of youth in the pool?

At 8am five days a week Dara

Torres is in the water, her

workout there is the same as

other sprinters, but out of the

pool - I feel so good. It

takes a village to keep the

middle aged mum motoring like

an Olympian. Midmorning she

works with her strength coach

for 1.5 hours. He's the best.

This is where I get my muscles

from. No heavy lifting, they

created a work out with

medicine balls, pullies to keep

Torres lean, she's 15 pounds

lighter than eight years ago.

After lunch two full-time

personal stretchers push and

stretch Dara Torres's body for

two hours, call resistance

training, the goal to make her

flexible. She says it's her

secret weapon. It's about

recovery at my age. The kids

do their work-outs, come back,

bounce back, it's different for

me. By afternoon she's in the

pool, but this time for mummy

and me swim class with her

2-year-old daughter. To Tessa,

she's mum. To middle aged

athletes knemp, Dara Torres is

a reminder that dreams don't

have an expiration date.

Turning to other world news.

Police in Iraq have foiled an

attempt to smuggle several

expensive cars out of the

country that had been owned by

notorious son of dictator Saddam Hussein, and spent

several years hidden in a

Baghdad orchard. Scientists

and policitians have been

heading to Reunion Island near

Mauritius in the Indian Ocean

for a climate change

conference, apart from European

countries most of the delegates

come from overseas island

territories, with high

concentrations of unique and

endangered species, to Nicole

Kidman, a baby girl, the

Australian actress is said to

be doing well, after giving

birth to her baby named Sunday

Rose in Nashville. Her husband

Keith Urban made the

announcement to nans on his web

site. It was a great day to

local fans at the Tour de

France, with a Frenchman

winning the third stage and

another take the leaders yellow jersey, Samuel Dumoulin claimed

the win in a sprint to the

finish line. On the line Fish

the way we saw, Samuel Dumoulin

with the win. Australia's

Robbie McEwen lead the main

peloton, including Cadel Evans,

who is in ninth place. Frenchman Romain Feillu third

place finish was enough for him

to take over the race lead.

America's grey wolves are in

danger after the lifting of its

US Government protection as an

endangered species. Numbers have bounced back the wolves

are a menace to livestock,

farmers having them in their

sights. In the shadow of

Idaho's spectacular bolder

mountains, a grey wofl hunts on

the Hillside. Across the

rockies, the wolf back from the

brink is in the thick of a

bitter dispute over its

future. We were given a task

to recover is population, it

happened faster than we

realised. By the 1930s wolves

had been shot, trapped and

poisoned to near extinction.

Four decades later the grey

Wolf was among the first

animals placed on the ep

dangered species list. 66

Canadian wolves in the 1990s

were transplanted to Idaho and

yellow stone National Park.

That wolf population has grown

to about 1,500 in Idaho,

Montanna and Wyoming. It's a

successful story that's been

accomplished or achieved. In

late March the wolf lost its

status as an endangered

species, making it fair game

for hunters and rancher.

What's the ideal number for

wolves here? In the state of

Idaho, I like the number zero.

To be honest with you. Harry

and his father Phil raise sheep

and cattle in western Idaho,

and have lost more than 800

shed of sheep to wolves. On

the other side of the state the

sprawling lava lake lamb ranch

is taking another approach.

Here sheep herders and guard

dogs tend the flocks day and

night. Wolves are tracked from

radio collars, sheep are had

herded into pens like this, if

they are nearby. Rigged with

solar power trick fences and

flags to scare them away.

Idaho, buy oming and Montanna

agreed not to let the numbers

of wolves drop below a level to

protect the species. Without

protections the Wolf will be in

danger again. To the weather

in Australia - cloud is

crossing the eastern states,

thick over Queensland, and

north-east NSW, patchy over

South Australia, Victoria and

inland NSW. There's increasing

cloud over south-west WA, a

front is bringing showers and

low level snow to Victoria,

South Australia, and southern

NSW. A trough causing the rain

over eastern Queensland and

north-east NSW. A high keeping

the west dry. Rain in the east

will gradually clear offshore,

but showers and snow continue

in central and southern NSW,

Victoria and Tasmania. Showers

easing in South Australia. The

forecast then -

And a final check of the

midday markets -

That is the news for now.

Our next full bulletin on ABC1

at 7:00 this evening. I'm

Deborah Rice, have a good

afternoon. Closed Captions by CSI On the Einstein Factor, a journalist follows up the Katharine Hepburn story,

a novelist takes us back to pre-communist China, and a fraud analyst shows us how ABBA took the world for a ride. APPLAUSE Hello. I'm Peter Berner and you're watching the 'Einstein Factor'. Once again, we are asking members of the general public questions and then scoring them for future promotion through the ranks. It's part of a top secret government initiative and I probably shouldn't have said that bit. Never mind, let's move on. Please welcome our galactic confederacy, our Brains Trust, if you will.

Professor Alan Trounson, Dr Clio Cresswell and Stephen Hall! APPLAUSE