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Wednesday 26th June 1996

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International:

Foreign Minister Alexander Downer must be feeling rather like a puppet on a string at the moment, riding from one crisis into another.

In another major downer the poor fellow has been accused once again of misleading Parliament over the contacts he has had with senior diplomats about the scrapping of the Development Import Finance Facility (DIFF). The opposition appear to hold all the cards tabling a letter from the Indonesian Minister for Research and Technology, Dr B J Habibie complaining to Mr Downer about the decision to scrap DIFF.

Opposition Foreign Affairs spokesman, Laurie Brereton, who released the letter said that Mr Downer was unfit for office as yesterday Downer had claimed in Parliament that the only complaints that he had had were verbal.

Political:

Home buyers will get tax exemptions for overseas home loans in a Federal Government attempt to put more pressure on the bnanks to reduce home loan interest rates.

Treasurer Peter Costello yesterday told Parliament that the Government would adopt a Labor plan to widen tax exemption for overseas loans.

It means that mortgage originators who specialise in home loans, such as RAMs and Aussie Home Loans, will be able to compete with the bigger banks by getting tax exemption on offshore money secured for home loans.

Business:

Well it looks like the Aborigines have sunk another great project. The Au$1 billion Century Zinc mine is now unlikely to go ahead according to sources close to the negotiators. This prediction was made after the key Aboriginal negotiating body, the United Gulf Regional Aboriginal Council (UGRAC), failed to meet on Sunday because of confusion and bickering among members.

UGRAC has until Friday to return an answer to Century Zinc on the future of the mine.

Carpentaria Land Council co-ordinator Murrandoo Yanner is continuing his vocal opposition to the mine and some negotiators have conceded votes from his personal supporters may be enough to wreck the deal.

So what do the parties stand to lose:
The Aboriginal community at Carpentaria Au$60 million.
The State of Queensland a major cash inflow for a Au$1 billion project.

What makes this whole affair laughable is that the mine is in a rugged area that no-one inhabits but the Aborigines claim. The environmental aspects have already been looked after... so everybody loses.

But no-one more than the Aborigines. I think its called shooting yourself in the foot.

Sport:

One of the bad boys of rugby league, John Lomax, was given a final warning to change his tackling style after the Australian Rugby League found him guilty of a straight arm high tackle in the face of Parramatta prop Adam Ritson. Lomax was suspended for 6 weeks.

Social:

Up to 50% of young people in Australia's major cities have experimented with drugs but few develop severe drug problems, a report into risk behaviour has found.

The report concluded that young city dwellers were more likely to imbibe in drugs and indulge in sex below the age of 18.

The worst abuse was limited to street kids and delinquent adolescents who were largely unaffected by national anti-drug strategies.

One study in the Queensland area of Logan found that 80% of youth had tried drugs and 26% were current users.

YOUTH - WHAT THEY ARE DOING:
AreaAlcoholDrugsSex
Logan67%26%49%
Mackay51%8%21%
Cairns52%22%22%

Findings from the latest crime prevention survey of Queensland youth aged 18 and under.
Now I wonder who put alcohol in there? Because most kids in their teens might have a glass of beer... that is not the problem - the survey should have looked at areas like binge drinking instead!

Personal trivia, from the global office:

Another day in the big smoke - beautiful outside the global office!


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