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Saturday, December 31, 2011

Italian president urges sacrifices to save economy

Italian president urges sacrifices to save economyROME — President Giorgio Napolitano on Saturday called on Italians to make sacrifices to prevent the "financial collapse of Italy". "Sacrifices are necessary to ensure the future of young people, it's our objective and a commitment we cannot avoid," he more
AFP ( 12/31/2011 1:15:00 PM -08:00 )

President urges sacrifices to save Italy
President urges sacrifices to save ItalyPresident Giorgio Napolitano has called on Italians to make sacrifices to prevent the 'collapse of Italy'. President Giorgio Napolitano on Saturday called on Italians to make sacrifices to prevent the 'financial collapse of Italy'. more
BigPond News ( 12/31/2011 2:36:03 PM -08:00 )

A minor matter

A minor matterTough start ... children are taxed a whopping 66 per cent for certain unearned income. Photo: Natalie Boog Gifting money to children is complex but it can be done. Can children under 18 put their inheritance, work earnings etc into fully franked shares more
Sydney Morning Herald ( 12/31/2011 9:50:55 AM -08:00 )

Superannuation slash dashes retirement dreams

Projections calculated for The Sunday Mail show some of the nation's poorest workers will lose at least $32000 by the time they retire - the equivalent of a round-the-world trip in today's dollars - under Gillard Government plans to slash payments more
Courier Mail ( 12/31/2011 6:12:55 AM -08:00 )

Workers will face an expensive super hit after superannuation scheme changes
THE country's poorest workers will lose more than $30000 when changes to the government's superannuation co-contribution scheme take effect this year. Low-income workers were promised a retirement nest-egg boost through tax cuts, adding about $35000 to more
The Daily Telegraph ( 12/31/2011 5:40:02 AM -08:00 )

Australia is in the midst of the biggest baby boom in its history

INFLUX OF INFANTS: Mater Mother's Hospital new arrivals Alice May Thomas, Jonty Hay, Max Woods, Noah Lima Grainger, Mia Rigato and twins Cooper and Mila Knezevic are part of Australia's record baby boom. Picture: Luke Marsden. more
Courier Mail ( 12/31/2011 6:12:58 AM -08:00 )

Australia has boom in babies
AUSTRALIA is in the grip of a mini birthing boom with a record 300000 babies born in the past 12 months. According to figures from the Australian Bureau of Statistics, 150300 babies entered the world in the first six months of 2011 and predicted that more
The Daily Telegraph ( 12/31/2011 5:16:42 AM -08:00 )

Banks rush to raise credit card limits ahead of tougher solicitation rules

Banks rush to raise credit card limits ahead of tougher solicitation rulesBanks are offering customers increased credit card limits before new laws come into play. Photo: Jessica Shapiro BANKS are offering to increase the credit card limits of some customers by more than 70 per cent, ahead of new federal laws making it more
Sydney Morning Herald ( 12/31/2011 5:17:34 AM -08:00 )

Predictions of global doom ignore our ability to react to trouble

ANY and every society has a liberal sprinkling of soothsayers, clairvoyants and tea leaf readers, all supposedly telling us what's going to happen. Some use Tarot cards, some trot out astrology columns, some publish investment newsletters. more
Sydney Morning Herald ( 12/31/2011 5:17:09 AM -08:00 )

What happened to the Santa rally?

What happened to the Santa rally?SHARES are primed to start the New Year tomorrow in a subdued fashion after ending last week with three consecutive days in the red and following mixed leads from the US and Europe on Friday night. US stocks finished 0.4 per cent lower on Friday more
Sydney Morning Herald ( 12/31/2011 5:17:07 AM -08:00 )

Russia denies radiation leak in nuclear sub blaze

Emergency officials say the fire on a nuclear submarine which broke out during repairs on Thursday has been mostly extinguished. RUSSIAN President Dmitry Medvedev has ordered an investigation after a nuclear submarine caught fire during repairs in the more
Sydney Morning Herald ( 12/31/2011 4:51:02 AM -08:00 )

Blaze breaks out on Russian nuclear submarine
Blaze breaks out on Russian nuclear submarineOn the day a Russian nuclear submarine was leased out to the Indian Navy, a massive fire erupted on another state-of-the-art underwater vessel that was undergoing repairs about 1500 km north of Moscow on Thursday. While nine persons were hospitalised more
India Today ( 12/31/2011 12:58:26 AM -08:00 )

Russian nuclear submarine fire 'totally extinguished' after day-long blaze
Russian nuclear submarine fire CA grab from images released by Russia Today shows fire crew trying to extinguish a fire on board the Russian nuclear submarine Yekaterinburg docked at the closed Roslyakovo military area of the port of Sveromorsk on Thursday. more
National Post (blog) ( 12/30/2011 7:55:35 PM -08:00 )

Russia hands over N-submarine to India
The report said an Indian crew would sail the Akula II class craft to its home base at the end of Jan after receiving it on a 10year lease, in a deal that has angered Pakistan. - Photo by AFP MOSCOW: Russia has handed over the nuclear-powered attack more
DAWN.com ( 12/30/2011 7:44:39 PM -08:00 )

Daylong Fire on Russian Submarine Took Hundreds of Workers to Extinguish
MOSCOW — The authorities in Russia marshaled more than 400 firefighters and 170 emergency workers to extinguish a fire on Friday that had raged for almost a day on the hull of a nuclear submarine in dry dock near the northern port of Murmansk. more
New York Times ( 12/30/2011 5:35:19 PM -08:00 )

Russia puts out Nuclear-submarine fire after 20 hours
MURMANSK, RUSSIA: Russia said on Friday it had doused a raging blaze aboard a nuclear submarine after nearly a full day and night, by partially submerging the vessel after battling the flames with water from helicopters and tug boats. more
Times of India ( 12/30/2011 4:16:26 PM -08:00 )

Major fire on Russian nuclear submarine is extinguished
MOSCOW – Firefighters have extinguished a massive fire aboard a docked Russian nuclear submarine as some crew members remain inside, officials say. There was no radiation leak and the vessel's nuclear-tipped missiles were not on board, they said. more
Irish Times ( 12/30/2011 4:11:48 PM -08:00 )

India takes delivery of Russian N-submarine
NEW DELHI: India will operate a nuclear-powered submarine in the new year, having taken delivery of INS Chakra or the rechristened Akula-II class nuclear-powered submarine 'K-152 Nerpa' from Russia on a 10-year lease. Over 50 Indian officers as well as more
Times of India ( 12/30/2011 2:41:07 PM -08:00 )

Russian nuke sub disaster averted
Russian nuke sub disaster avertedA view shows Russia's nuclear-powered submarine Yekaterinburg at a Russian navy base in Murmansk region March 16, 2011. Russia said it had brought a blaze aboard a nuclear submarine under control on December 30, 2011, by partially submerging the vessel more
Times LIVE ( 12/30/2011 2:38:30 PM -08:00 )

Russian nuclear submarine catches fire
Russian nuclear submarine catches fireOfficials say no threat of radiation or munitions explosions from vessel that burned at Murmansk dock. One of Russia's largest nuclear submarines caught fire while undergoing repairs at a dock in the northern port of Murmansk but no radiation leaks more
Aljazeera.com ( 12/30/2011 1:36:33 PM -08:00 )

Russia submarine fire 'totally extinguished'
Russia says it has doused a raging blaze aboard a nuclear submarine after nearly a full day and night, by partially submerging the vessel after battling the flames with water from helicopters and tug boats. There was no radiation leak and crew inside more
TVNZ ( 12/30/2011 12:44:05 PM -08:00 )

Russia: Nuclear submarine fire finally out
By VLADIMIR ISACHENKOV AP MOSCOW • Firefighters extinguished a massive fire aboard a docked Russian nuclear submarine Friday as some crew members remained inside, officials said, giving assurances that there was no radiation leak and the vessel's more
Salt Lake Tribune ( 12/30/2011 11:59:36 AM -08:00 )

Russian nuclear submarine blaze injures nine after crew remain inside
Russian nuclear submarine blaze injures nine after crew remain insideThe Russian president, Dmitry Medvedev, has ordered an investigation after a nuclear submarine caught fire during repairs in the Arctic, injuring at least nine people. The blaze, believed to have been started by a welding lamp igniting rubbish and more
The Guardian ( 12/30/2011 11:29:34 AM -08:00 )

Russia nuclear submarine fire 'totally extinguished'
Emergency officials say the fire on a nuclear submarine which broke out during repairs has been extinguished. Russia says a raging blaze aboard a nuclear submarine has been doused after nearly a full day and night, by partially submerging the vessel more
Stuff.co.nz ( 12/30/2011 10:26:17 AM -08:00 )

Russia says nuclear submarine fire has been doused, no radiation leak
MOSCOW — Firefighters extinguished a massive fire aboard a docked Russian nuclear submarine Friday as some crew members remained inside, officials said, giving assurances that there was no radiation leak and the vessel's nuclear-tipped missiles were more
Washington Post ( 12/30/2011 9:16:26 AM -08:00 )

Russia hands over Nerpa nuclear sub to India
MOSCOW — Russia has handed over the nuclear-powered attack submarine Nerpa to India following more than two years of delays, a senior naval official was quoted as saying Friday. “The signing ceremony happened yesterday at the Bolshoi Kamen ship more
Khaleej Times ( 12/30/2011 9:16:01 AM -08:00 )

Russia says nuclear submarine Yekaterinburg fire out
Russian firefighters on Friday put out flames on a nuclear submarine undergoing repairs near Norway after almost a day-long blaze that raised concerns about the security of Russia's ageing fleet. Thursday at a dock in the Far Northern Murmansk region, more
Hindustan Times ( 12/30/2011 8:40:37 AM -08:00 )

Russia hands over Nerpa to India: Report
PTI Russia has handed over the much-awaited nuclear-powered attack submarine Nerpa to India on a 10-year lease, boosting the Indian navy's fire-power. The Akula-II class Nerpa nuclear submarine had recently finished sea trials. more
Hindustan Times ( 12/30/2011 8:40:37 AM -08:00 )

Russia: Nuclear submarine fire finally put out
Russia: Nuclear submarine fire finally put outAP, Updated: December 30, 2011 22:06 IST Moscow: Firefighters extinguished a massive fire aboard a docked Russian nuclear submarine on Friday as some crew members remained inside, officials said, assuring that there was no radiation leak and that the more
NDTV ( 12/30/2011 8:40:18 AM -08:00 )

Russian submarine fire extinguished as Dmitry Medvedev demands answers
There was no radiation leak and the vessel's nuclear-tipped missiles were not on board, they said. Military prosecutors are investigating whether safety regulations were breached. President Dmitry Medvedev summoned top Cabinet officials to report and more
Scottish Daily Record ( 12/30/2011 7:56:45 AM -08:00 )

Australia Home Prices Drop 3.7%

By Nichola Saminather Dec. 30 (Bloomberg) -- Home prices in Australia's eight capital cities slid 3.7 percent in the first 11 months of 2011, extending the biggest drop in at least 12 years on concerns Europe's debt crisis may damp the nation's more
BusinessWeek ( 12/31/2011 4:15:32 AM -08:00 )

Australia's still raising the roof
AustraliaHouse price growth is forecast for 2012 in most capital cities as the national economy gathers strength. Photo: Paul Rovere AUSTRALIAN housing markets displayed a generally resilient performance in 2011, reflecting the inherent security of residential more
Sydney Morning Herald ( 12/30/2011 8:04:28 AM -08:00 )

Friday, December 30, 2011

Botched bank robbery

Botched bank robberyA man entered the Gateway Business Centre National Australia Bank yesterday about 3:15pm and waited in line to be served. When he approached the teller he handed over a note demanding cash and the teller asked the man to wait and went to speak to a more
Sydney Morning Herald ( 12/30/2011 8:44:20 PM -08:00 )

Attempted bank robbery in Booragoon
Police are seeking information from the public regarding an attempted bank robbery in Booragoon yesterday afternoon. A man walked into the National Australia Bank on Davy Street about 3:15pm Friday (AWST). He handed a note to the teller, demanding cash more
ABC Online ( 12/30/2011 7:13:12 PM -08:00 )

Man tries to rob Booragoon bank
Man tries to rob Booragoon bankA man tried to rob the National Australia Bank in Booragoon yesterday afternoon but fled empty-handed. A police spokesman said the man entered the branch in the Gateway Business Centre on Davy Street abut 3.15pm and waited to be served. more
The West Australian ( 12/30/2011 5:37:47 PM -08:00 )

Man dies in tragic rail accident

A man has died while working on the new Perth City Link rail line project in a tragic accident. The incident occurred about 9pm last night near the entrance to the William Street tunnel in Perth when the man was struck by a piece of machinery. more
Sydney Morning Herald ( 12/30/2011 8:11:59 PM -08:00 )

Rail construction worker killed in Perth
A construction worker has died after being hit by a maintenance vehicle on a rail line in Perth's CBD. The man was working for construction company John Holland when he was hit by the vehicle just after 9:00pm Friday (AWST). He had been working on the more
ABC Online ( 12/30/2011 6:19:13 PM -08:00 )

Rail worker dies on City Link project
Rail worker dies on City Link projectA transport worker has died after a railway maintenance vehicle rolled over him last night. The man, who works for construction company John Holland, was on site at the Wellington Street tunnel when the incident happened about 9.30pm. more
The West Australian ( 12/30/2011 8:11:54 PM -08:00 )

Construction worker died after hit by train
A MAN has died last night after being hit by a rail mounted vehicle on the rail line near the entrance to the William Street tunnel. Picture: Allen Stewart. Source: PerthNow A CONSTRUCTION worker has tragically died after being struck by a rail mounted more
Perth Now ( 12/30/2011 2:40:15 PM -08:00 )

Derailed freight carrying uranium traces exempted from safety laws

The freight train derailment caused by flooding from Cyclone Grant carried a load of copper concentrate that spilled traces of uranium into a territory river. Picture: Willem Westra Van Holthe Source: Northern Territory News A MINING company more
The Australian ( 12/30/2011 7:31:26 PM -08:00 )

Fears of uranium on derailed freight train
Fears of uranium on derailed freight trainA freight train derailed at the Edith River Crossing after flood waters washed away the tracks and also the Stuart Highway. Picture: Michael Franchi Source: Northern Territory News A freight train derailed at the Edith River Crossing after flood waters more
NEWS.com.au ( 12/30/2011 12:58:46 PM -08:00 )

Australian miner says any derailment spill 'diluted'
Australian miner says any derailment spill SYDNEY — An Australian mining company said Thursday that any hazardous copper concentrate from its operations that may have washed into floodwaters when a freight train derailed had likely been "highly diluted." OZ Minerals said up to 1200 tonnes of more
AFP ( 12/28/2011 8:24:51 PM -08:00 )

Derailed train carrying $7.9m in goods
OZ Minerals says around $US8 million ($A7.90 million) of copper concentrate may have spilled from the freight train that derailed in the Northern Territory because of floodwaters. The train was carrying copper concentrate from OZ Minerals' Prominent more
Sky News Australia ( 12/28/2011 4:30:23 PM -08:00 )

Oz Minerals shares fall on copper loss in NT train derailment
OZ Minerals said it may have lost as much as 1200 dry tonnes of copper concentrate after a train derailment early Tuesday in the Northern Territory. Wagons carrying copper concentrate, including from the company's Prominent Hill project, toppled into more
The Australian ( 12/28/2011 4:23:08 PM -08:00 )

OZ Minerals says rail spill not material
OZ Minerals says the potential loss from a train derailment in the Northern Territory is not considered financially material and it expects to meet its planned shipments in the first quarter of 2012. The company said late on Wednesday a train more
Sky News Australia ( 12/28/2011 1:34:30 AM -08:00 )

Oz Minerals looks to contain chemical spill
Melbourne-based miner OZ Minerals has confirmed it is the owner of the toxic copper concentrate that spilled into a Northern Territory river following a serious train derailment on Tuesday. A train operated by Genesee & Wyoming Australia derailed north more
Sydney Morning Herald ( 12/27/2011 8:32:12 PM -08:00 )

Mining company reveals uranium in copper concentrate spill
An australian mining company Oz Minerals says a low level of uranium was contained in copper concentrate which spilled into a Northern Territory river this week. Oz Minerals estimates it lost about 12-hundred tonnes of copper concentrate, more
Australia Network News ( 12/30/2011 9:41:30 PM -08:00 )

Exemption for company after toxic spill
The train derailment resulting in a toxic spill in Edith River in the Northern Territory. Source: AdelaideNow THE company that spilt 1200 tonnes of copper concentrate into an NT river this week has been given an exemption. more
Adelaide Now ( 12/30/2011 5:44:48 AM -08:00 )

OZ Minerals Claims Spill from Derailed Train 'Diluted' by Flood Waters
By Erik Pineda | December 30, 2011 2:48 PM EST OZ Minerals has downplayed the dangers posed by chemicals that spilled earlier this week when one of its freight trains was derailed due to heavy flooding that had hit the Northern Territory. more
International Business Times AU ( 12/29/2011 7:48:57 PM -08:00 )

OZ Minerals loses 1500 mt copper concs in train derailment
Australian copper-gold miner OZ Minerals lost 1500 dry mt of copper concentrate produced from its Prominent Hill operations in South Australia when a train carrying the material derailed Tuesday morning in bad weather, the company said late Wednesday. more
Platts ( 12/28/2011 11:25:35 PM -08:00 )

Copper spill 10 times bigger than estimates
THE freight train that derailed on Tuesday was carrying 1500 dry tonnes of copper concentrate, or 10 times previous estimates. Mining company OZ Minerals told the Australian Securities Exchange that it had been shipping 1500 dry tonnes of copper more
NTNews.com.au ( 12/28/2011 8:11:01 PM -08:00 )

OZ Minerals Copper Concentrate Spills After Train Derails Due to Floodwater
A second train was derailed on Tuesday caused by floodwater brought by ex-tropical cyclone Grant. The accident involved OZ Minerals (ASX: OZL) whose $8-millon shipment of copper concentrates partly spilled into the Edith River. more
NASDAQ ( 12/28/2011 6:06:43 PM -08:00 )

OZ Minerals Limited : Train derailment
A Genesee & Wyoming Australia (GWA) train travelling north to Darwin derailed in bad weather on Tuesday morning near Edith River, Northern Territory. OZ Minerals understands the two GWA employees on the train were evacuated and are now safe. more
4-traders (press release) ( 12/28/2011 1:35:50 AM -08:00 )

Uranium fears over derailed NT train
There are concerns that a load of copper concentrate spilled in a train derailment at a flooded river in the Northern Territory may have contained uranium. The train was carrying 1500 tonnes of copper concentrate from OZ Minerals' Prominent Hill copper more
Sky News Australia ( 12/30/2011 12:54:28 PM -08:00 )

Stocks to watch at the close
OZ Minerals says around $US8 million ($A7.90 million) of copper concentrate may have spilled from a train that derailed in the Northern Territory because of floodwaters. Education company Navitas will continue its expansion in the United Kingdom with more
Sydney Morning Herald ( 12/28/2011 9:21:52 PM -08:00 )

Stocks to watch
OZ Minerals says around $US8 million ($A7.90 million) of copper concentrate may have spilled from a train that derailed in the Northern Territory because of floodwaters. Commodity prices fell Wednesday night, Australian time, as traders took profits more
Ninemsn ( 12/28/2011 5:18:36 PM -08:00 )

Oz Minerals loses $7-8m of copper concs in train derailment
A train carrying about 1500 tonnes of copper concentrate, worth $7-8 million, from Oz Minerals' Prominent Hill mine has derailed in Australia due to bad weather, the company said on Thursday December 29. The derailment took place on Tuesday December 27 more
Metalbulletin.com (subscription) ( 12/29/2011 3:50:19 AM -08:00 )