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$A slightly lower ahead of key events

Written By Unknown on Senin, 05 November 2012 | 13.23

THE Australian dollar is lower as markets wait to see whether the Reserve Bank of Australia (RBA) will cut interest rates on Tuesday.

At 1700 AEDT on Monday, the currency was trading at 103.68 US cents, down from 103.85 cents on Friday.

It traded as low as 103.33 US cents on Monday morning amid expectations the RBA will cut the cash rate a quarter per cent to three per cent at its monthly board meeting on Tuesday.

But ANZ currency strategist Andrew Salter said the Australian dollar lifted following the release of official retail sales data for September.

"The retail sales data was slightly better than expected and I think that squeezed out a few people looking to short sell the currency," Mr Salter said.

Retail spending rose 0.5 per cent in September, seasonally adjusted, figures released by the Australian Bureau of Statistics showed.

Mr Salter said futures markets were currently pricing in around a 50-50 likelihood of a rate cut on Tuesday.

He said the RBA meeting would be the primary driver of the Australian dollar on Tuesday, and the currency was likely to fall if the central bank decided to cut.

"It (the currency's movements) will be heavily dependent on the RBA meeting, but even if they were to cut, we don't see the sell-off in the currency being particularly long lasting."


13.23 | 0 komentar | Read More

Cardboard cut-out fills royal void in Qld

THE Prince of Wales and the Duchess of Cornwall have started the Australian leg of their 13-day Pacific tour after arriving in Longreach.

Prince Charles and Camilla touched down in the outback Queensland town on Monday afternoon.

At 4pm (AEST), the royal jet's doors were opened and the couple was greeted by dignitaries including Governor-General Quentin Bryce, Queensland Governor Penelope Wensley and Queensland Premier Campbell Newman.


13.23 | 0 komentar | Read More

Abbott tones down carbon attack

Opposition Leader Tony Abbott has toned down his attack on Labor's carbon tax. Source: AAP

OPPOSITION Leader Tony Abbott has toned down his attack on Labor's carbon tax as another poll showed the government had made gains among voters four months since the impost began.

Before July 1, Mr Abbott said the carbon tax would have an "unimaginable" impact on prices, destroy businesses and wreck the economy.

Since then, he's pursued the government over power price rises and blamed the tax for hurting households by causing significant jumps in utility bills.

The government has countered this by arguing that carbon pricing has contributed less than 10 per cent to bills, while investment and jobs growth has continued, inflation has been contained and many Australians are receiving compensation for the impact of the policy.

Visiting a motorbike shop in Canberra on Monday, Mr Abbott said its power bill had risen by 50 per cent but he conceded that not all of the increase was down to the carbon tax.

"That is certainly not all the carbon tax, but the carbon tax is making a bad situation worse," Mr Abbott told reporters.

However, he maintained that the carbon tax - which would be scrapped under a coalition government - was "emblematic" of the government's failure to understand small business and households and introduced at the worst possible time.

Mr Abbott's comments came as leaked Treasury analysis showed three coalition tax policies would hit businesses to the tune of $4.57 billion in the first full year of a Liberal-National government and $17.2 billion over four years.

The policies include a 1.5 per cent levy on big companies to fund paid parental leave, axing the instant asset write-off and other tax breaks for small business funded by the carbon tax and the abolition of the business loss carry-back policy.

Mr Abbott said it was wrong of the government to misuse Treasury for political point-scoring and he stressed that he was committed to lower levels of tax for business.

"Taxes on business will be less under the coalition than under Labor because the carbon tax will be gone, the mining tax will be gone and there will be a modest company tax cut," he said.

Trade Minister Craig Emerson said there was nothing unusual about Treasury costing policies.

Greens leader Christine Milne said the analysis and the faltering of Mr Abbott's carbon tax "scare campaign" undermined the coalition's credibility.

Since late August, Labor's position in the opinion polls has improved to a point where the influential Newspoll survey now puts the government and opposition neck-and-neck.

A Galaxy poll, published on Monday by News Ltd, put the two-party preferred vote at 53 per cent for the coalition against 47 per cent for Labor - a three-point rise for Labor since June.

But it also found that prominent frontbencher Malcolm Turnbull was preferred as opposition leader by 60 per cent of voters compared with 29 per cent for Mr Abbott.

Mr Abbott attributed the result to Mr Turnbull making an impact in his communications portfolio.

"The fact that more and more people are realising the national broadband network is the wrong way to go about giving Australians faster and more affordable broadband is in large measure testimony to (Mr Turnbull's) effectiveness in prosecuting that case," Mr Abbott said.


13.23 | 0 komentar | Read More

Man killed in Vic farming accident

Written By Unknown on Minggu, 04 November 2012 | 13.23

A VICTORIAN farmer has died after the ute he was working in went over an embankment and into a quarry.

The 77-year-old Noorat man was thrown from the vehicle and died at the scene near Terang in Victoria's west.

Investigators believe the man had been working in the ute at about 1pm on Sunday when it slipped over the embankment and fell into a quarry that backs onto the property.

Police will prepare a report for the coroner.


13.23 | 0 komentar | Read More

New poll shows Obama-Romney race tied

JUST 48 hours before election day, the race for the White House is tied, with both President Barack Obama and Republican challenger Mitt Romney receiving 48 per cent support among likely votes, a new poll has found.

The latest ABC News/Washington Post survey also showed on Sunday that even independents, whose decision can push one of the candidates over the top, are now evenly divided: 46 per cent favour Obama and 46 per cent Romney.

Even the candidates' likability ratings, where the president used to lead by a wide margin, have practically evened out. Fifty-four per cent of likely voters now express a favourable opinion of Obama while 53 per cent do the same about Romney.

But the candidates, according to the poll, fare differently among various social and ethnic groups.

Obama, for example, leads among women by a margin of six per cent while Romney leads among men by seven per cent.

Whites favour Romney by a margin of 20 per cent, but Obama leads by a 59 per cent margin among non-whites.

As in the 2008 election, young adults favour Obama by a 25 per cent margin while seniors prefer Romney by 12 per cent.

And Romney practically owns evangelical white Protestants, leading by a 70 per cent among this group.

The survey had a margin of sampling error of plus or minus three percentage points.


13.23 | 0 komentar | Read More

Show goes on for injured Goodrem

SINGER Delta Goodrem has assured fans she will be fit enough to perform at her scheduled Melbourne concerts next week, despite suffering nasty burns to her legs in a bizarre accident last Friday.

Ms Goodrem was forced to abandon a concert at Sydney's State Theatre on Friday night, after succumbing to the injuries suffered when she spilt boiling water from a humidifier onto herself.

"Unfortunately the pain and effects from treating the burns got greater and greater as the night progressed and ultimately there came a point that I could not continue performing," Ms Goodrem said in a statement.

"I want everyone to know that I am recovering well and will be in fine form for my forthcoming Melbourne shows next week. Thank you again for your support and understanding."

Promoter Paul Dainty said patrons at the Sydney concert would be entitled to a 50 per cent refund.

"Delta showed incredible courage and dedication to her fans by soldiering on through the pain and dizziness to perform a brilliant first hour of her show to a full house at the Sydney State Theatre," Mr Dainty said.

"We are all just so proud of her trying to do the best for her fans and at least deliver half of her show under such difficult circumstances."

Ticketmaster will contact all patrons regarding the refund procedure.

Ms Goodrem is due to play at the Hamer Hall at the Melbourne Arts Centre on Wednesday, November 7 and Thursday, November 8.


13.23 | 0 komentar | Read More

Stranded Vic fishermen saved

Written By Unknown on Sabtu, 03 November 2012 | 13.23

WATER police have rescued two fishermen clinging to their overturned boat in southeast Victoria's Western Port Bay.

The men launched their recreational fishing boat from Stony Point before dawn on Saturday, but their boat overturned and the men became stranded in the bay, police said.

A fixed-wing rescue plane spotted them, later in the morning, clinging to the hull of their boat in the water off Flinders after Canberra's rescue base picked up their emergency positioning indicator radio beacon.

Water Police took the men ashore, where paramedics treated them for mild hypothermia.

It was unclear how the boat had overturned, but police praised the men for wearing life jackets and quickly activating their radio beacon.


13.23 | 0 komentar | Read More

Voting machines remain a worry in US poll

FEW want to even think about it, but the 2012 US election result could be clouded by problems with voting machines ... again.

Twelve years after the Florida punch card debacle in which thousands of votes went uncounted in the crucial state, some experts cite similar concerns about voting technology.

"I'm not sure we've made forward progress since 2000," said Douglas Jones, a University of Iowa computer scientist and co-author of a book published this year, "Broken Ballots."

"We've put a tremendous effort into changing the voting systems, but in many cases we've discarded systems too quickly and replaced them with systems that we haven't examined enough."

Jones said technology used on some vote machines is now close to a decade old and should be updated. And some systems have security flaws or may not allow for recounts or audits, he noted.

"Whenever an election is close all of the weaknesses become apparent," he said. "I expect there will be some states where the margin is so close that people will raise questions about irregularities."

A frequent target for critics is the use of touchscreen voting machines, which lack a paper backup. Around 25 per cent of Americans are expected to use paperless electronic voting, according to the Verified Voting Foundation.

A report earlier this year by two activist groups and the Rutgers University School of Law said systems used in 20 states were either "inadequate" or needed improvement.

That includes 16 states which use paperless machines in some or all jurisdictions. Six states were ranked "good" and 24 "generally good."

Hurricane Sandy's destruction has added another element of uncertainty, says Thad Hall, a University of Utah political scientist and researcher for the Voting Technology Project.

"No power means that (vote machines) will only operate as long as their batteries last," he said. "It also means that voters voting on paper ballots will not have the use of scanners to identify errors on their ballots."

The devastation also means "some voters will literally not be able to vote because they will have been evacuated from their local polling place and there is no provision for remote voting."

Hall said the storm probably had a disproportionate impact on supporters of President Barack Obama, creating new political risks even if the incumbent carries those northeast states.

Lower turnout "may not mean that Obama does not win the affected states but it could mean that we have a re-run of 2000 - an electoral college winner who does not win the popular vote," he said.

A report last month by the Voting Technology Project, a joint effort by the California Institute of Technology and Massachusetts Institute of Technology, found some electronic voting systems had a failure rate as high as punch cards.

The report said between four million and six million votes were "lost" in the 2000 election, and that despite some progress since then, it's not clear whether the problems could be repeated.

"What has changed since 2000? In many respects, there have been profound changes in the voting equipment business, but in some very important respects, very little about this business has changed," the report said.

The report said growth in mail-in and early voting raises new questions and Internet voting available to overseas or military voters raises security issues.

Charles Stewart, an MIT professor and member of the project, said the most likely problems may come from mail-in paper ballots, which have increased as states ease absentee restrictions.

He said these are problematic because "absentee ballots are not secret ballots, they generally don't have a secure chain of custody, and they are prone to be disputed."

Jones meanwhile is among computer specialists who argue that paper ballots scanned by computers remain the most reliable method.

"Everything is complicated if you have no paper backup," he said. "If the scanners fail you can hand count the paper ballots. If touchscreens fail, what can you do?"

But Paul DeGregorio, a former chairman of the US Election Assistance Commission and currently a consultant, says technology should be seen as the solution, not the problem.

"Of course there are the naysayers to progress and change. They believe paper and pencil is the answer to everything; that technology is not our friend - and that it cannot be trusted, under any circumstance," DeGregorio said in a commentary to the CalTech/MIT report.

He added that "modern technology can make it easier to confirm legitimate voters and also catch those who are trying to vote illegally," and that electronic systems have "prevented thousands of voter errors."


13.23 | 0 komentar | Read More

Foreign firms owe British taxman Stg5.5bn

FOREIGN companies in Britain reportedly owe about Stg5.5 billion ($A8.6 billion) in taxes.

Britain's tax-collecting body, Her Majesty's Revenue and Customs, has identified 258 major multinational firms thought to have outstanding tax bills amounting to that sum, The Times said on Saturday.

According to figures the newspaper obtained under Britain's freedom of information laws, UK businesses owned by foreign parent firms were responsible for 44 per cent of all potential tax lost through underpayments by Britain's largest companies.

Margaret Hodge, who chairs parliament's public accounts committee, a cross-party scrutiny body, told The Times: "Over the past few months there has been growing anger at what is seen to be unfairness in the tax system.

"If you're rich you get away with tax avoidance, and if you're an ordinary person you pay your fair share."

The committee will question revenue and customs chief executive Lin Homer on Monday.

In total, some 551 major British and foreign firms are thought to owe a total of Stg12.5-19.3 billion in tax.


13.23 | 0 komentar | Read More

More jail possible for indecent doctor

Written By Unknown on Jumat, 02 November 2012 | 13.23

A SYDNEY doctor jailed for indecently assaulting boys on the pretext of needing semen samples should be released before Christmas as planned, despite pleading guilty to more charges, a court has heard.

John Phillip Rolleston, 74, is due to be released from prison on December 23 after serving a minimum 18-month sentence for 17 counts of indecently assaulting 12 young boys between 1975 and 1981.

However, the former doctor pleaded guilty earlier this year to four more charges of indecent assault after more victims came forward due to the publicity of his trial in March 2011.

The trial heard the boys, aged 14 and 15, were seeking treatment for conditions such as a sore throat, an ankle injury or the flu.

But the doctor either masturbated them or ordered them to do it, claiming he needed a semen sample from them.

In a sentence hearing in the District Court in Sydney on Friday, Rolleston's defence barrister, Michael Ainsworth, argued Rolleston's prison sentence should not be extended because of the prosecution's delay in bringing the additional charges.

The court heard the new victims came forward during the trial, but Rolleston was not charged until a year later, in March this year.

"Mr Rolleston should have been charged with these offences at an earlier time," Mr Ainsworth told Judge Leonie Flannery, who originally sentenced Rolleston.

Judge Flannery could have taken the additional charges into account then, rather than just before his release, Mr Ainsworth said.

"Arrangements are in place for his release and now the crown is suggesting the only other course is additional time in custody."

Mr Ainsworth said Rolleston had been a model prisoner and was hoping to reconnect with his family on his release.

Crown prosecutor Mariella Schattiger said the judge should take into account the additional criminality of Rolleston's offending.

Judge Flannery said she needed to consider the issues and adjourned the matter for sentence on Friday, November 9.


13.23 | 0 komentar | Read More
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