19 May 2008

Move to junk kids' TV food ads

The Daily Telegraph, Pg 7. Staff Reporter. 19 May 2008.

A survey, conducted by Choice magazine, found 82% of parents wanted laws to curtail marketing foods high in fat and sugar. They said that targeted advertising and marketing made it more difficult to ensure that children developed healthy eating habits.

Swan Dive

The Daily Telegraph, Pg 1. Malcolm Farr. 19 May 2008.

Nearly 70 per cent of households with children fear they will end up worse off or are unsure about the Budget, a Galaxy Research found in weekend polling. Less than a third of households with children- 31%- believe they will be better off, while 25% said they would be worse off and 44% were uncommitted. The biggest 'worriers' were older Australians, pointing to Budget disappointment among pensioners.

The sun sets on Rudd's climate change credibility

The Australian, Pg 36. Matthew Warren. 19 May 2008.

Rudd's climate change honeymoon ended last week. The hero of Bali received a public relations belting over what were relatively modest indiscretions in the environment section of Tuesday night's budget. During last year's election campaign, Labor didn't hold back with the green symbolism to maximise its political leverage over the Howard Government, the release of the Budget is a disappointment to many regarding the climate change portfolio.

Westpac warns off rival bids

The Australian, pg 29. Glenda Korporaal. 19 May 2008.

Westpac could be prepared to increase its $19 billion offer for St George if it felt "circumstances warranted", as it tripled the size of its deal  ahead of any rival bid. The 'Gail Kelly-run' bank said it believed it has "made a full and fair offer which is compelling both in terms of its price and terms" in a statement issues yesterday.However, Westpac added that it "reserves the right to review its offer if it considers that circumstances warrant this".

Libs divided on petrol tax cut

The Australian, Pg 1. Dennis Shanahan.19 May 2008.

A split has erupted in the Liberal Leadership over Brendan Nelson's promise to cut petrol excise by 5c a litre, with Malcolm Turnbull telling the Opposition Leader that it is a bad policy. Mr Turnbull is now known to be at odds not only with Dr Nelson but also with the "collective" view of the Liberal leadership group.

Hope still high on carbon burial

The Sydney Morning Herald, Pg 2. Stephanie Peatling and Marian Wilkinson. 19 May 2008.

The Federal Government has launched its plan to deal with greenhouse gas pollution from the coal industry, with a bill that will regulate the burial of carbon dioxide under the seabeds of Australia.

The draft laws were quietly released at the weekend despite a blow being dealt last week to "clean-coal" hopes after the collapse of a $2 billion trial of the technology. Environment groups are split about whether taxpayers' money should be spent  investigating technology. The WWF and the Climate Institute believe believe it should be explored while the Greens want more money ploughed into the rapid expansion of the renewable energy industry.

Sydney buyer goes for Broke

The Australian Financial Review, Pg 57. Matthew Cranston. 19 May 2008.

Three properties totalling 965 hectares and being run as a Hereford cattle breeding operation in the Lower Hunter Valley region of NSW have sold for $8 million. Plumthorpe and Campo Santo in the Barraba district of NSW have sold to an undisclosed buyer.

A Bathurst farming family has bought a 635 hectare grazing property for more than $2 million. English interests have bought a grain and livestock property outside Young in NSW for $3.66 million. A 351 hectare property near Oberon NSW has been bought for a little more than $1 million. Merrigal, a 508 hectare grazing property south of Tarcutta, has been purchased by farmers for more than $1.3 million.

Swan defends solar means-test

The Australian Financial Review, Pg 8. Alexander Symonds. 19 May 2008.

Federal Opposition Leader Brendan Nelson has described as economic and environmental madness’ the Government’s decision to means-test rebates for solar electricity panels on homes. How do you means-test an environmental footprint?’ he said on ABC’s Insiders program yesterday.

However, Treasurer Wayne Swan said the $8000 rebates, established by the former Howard government, had reached their capacity, while Environment Minister Peter Garrett said the means test was part of efforts to make the scheme more equitable. Opposition climate change spokesman Greg Hunt said on Sky News the Coalition would overturn Labor’s budget decision if it won the next election. The rebates will now only be available for those earning less than $100,000.

Lenders behind on climate change

The Australian Financial Review, Pg 9. Emma Connors. 19 May 2008.

A Financial Services Institute of Australasia report will be released today that claims foreign markets are ahead of domestic financial services providers. The report also said that climate change would affect every facet of financial services, having an impact on lending, investment and insurance portfolios, though the risks are not well understood.

Pressue on building inspectorate

The Australian Financial Review, Pg 4.  Steven  Scott. 19 May 2008.

The Construction Forestry Mining and Energy Union have renewed calls on the Rudd government to scrap the Australian Building and Construction Commission following the dismissal of a case in the Federal Court against the union brought by the Australian Competition and Consumer Commission.

The ACCC alleged the CFMEU colluded with builder Bovis Lend Lease to terminate an agreement with a subcontractor that used non-union labour contractors on a Canberra site.

 

 

 

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