Union push to spread industry aid – The Aus; Premier snubs Gillard forum – The West; Under-siege Joyce strikes back – The Aus; Atlas Iron boss and Rinehart in rail talks – The West; LNG industry faces skills crunch: Total – The Aus
Union push to spread industry aid
Unions will use Julia Gillard’s economic forum this week to call for dramatic government intervention in industry by extending the co-investment model that rescued Holden to other struggling sectors of the economy. The Aus
Premier snubs Gillard forum
The WA government will snub a high-powered meeting of top business, political, union and community sector leaders and bureaucrats convened by Julia Gillard this week. The West
Under-siege Joyce strikes back
Embattled Qantas chief executive Alan Joyce says the company’s dramatic share price fall last week has been overdone, suggesting the shares are worth more than $2 — at least twice as much as their market value after the carrier’s shock 90 per cent profit downgrade last week. The Aus
Atlas Iron boss and Rinehart in rail talks
Atlas Iron chairman David Flanagan has begun private talks with the world's richest woman, Gina Rinehart, to gain access to her rail line in return for port space. The West
LNG industry faces skills crunch: Total
French oil and gas giant Total has added its weight to the skills shortage debate, warning Julia Gillard of a looming crunch in the booming liquefied natural gas industry. The Aus
THE WEST AUSTRALIAN:
Page 1: More than 20 WA institutions have been implicated in cases of child abuse and neglect, The West Australian can reveal.
Page 3: The WA government will snub a high-powered meeting of top business, political, union and community sector leaders and bureaucrats convened by Julia Gillard this week.
Page 6: Western Power has warned households may be without power for up to a week as the utility battles one of the biggest outages in its history after a once-in-a-decade storm.
Page 12: More than 22,000 students in WA will get their carbon tax compensation payments from today, as the federal government confirmed the amount of money that had already gone into the pockets of battlers had exceeded $1 billion.
Page 13: A surge in asylum seekers in recent weeks has seen the Gillard government break an unwanted record: the most number of boat people to reach Australia in a 12 month period.
Page 15: Taxpayers will pay $440,000 over two years for public servants at Main Roads to take part in a health and wellbeing program including lifestyle tips, yoga and healthy recipes.
Page 17: Perth's star factory, the WA Academy of Performing Arts, needs an urgent overhaul and extra funding to stop it bleeding money, a major review of its operations has found.
Page 18: Independent grocers are calling to Australian Consumer and Competition Commission to rein in Woolworths and Coles, claiming the retail power duo are opening oversize, unprofitable stores in growth areas and rural centres that are killing off competition and obliterating local businesses.
Business: Atlas Iron chairman David Flanagan has begun private talks with the world's richest woman, Gina Rinehart, to gain access to her rail line in return for port space.
Europe's finance ministers will lend Spain up to ϵ100 billion ($126 billion) to prevent a property-led collapse of its banking system.
Perdaman Chemicals has escalated the battle with its one-time Collie-based coal supplier, Lanco Infratech, by suing for defamation one of Lanco's top advisers.
THE AUSTRALIAN FINANCIAL REVIEW:
Not published due to Queen's Birthday Holiday.
THE AUSTRALIAN:
Page 1: Unions will use Julia Gillard’s economic forum this week to call for dramatic government intervention in industry by extending the co-investment model that rescued Holden to other struggling sectors of the economy.
Page 3: Once-in-a-decade storm winds have caused widespread damage to Western Australia’s electricity network and left more than 161,000 homes without power along the state’s southwest coastal strip.
Page 4: Labor has declared that the economy is now its preferred political battlefield, amid suggestions the government’s budget handouts and pursuit of union-friendly policies are re-energising its traditional blue-collar base.
The Gillard government is considering a regional plan to toughen financial markets against economic shocks amid fears that limited links with neighbours could undermine growth.
A register of foreign-owned agricultural land would increase transparency and allay public fears about how much land has been bought by overseas investors, Trade Minister Craig Emerson said yesterday.
Page 6: When Wayne Martin was appointed Western Australia’s top judge, he vowed to transform the state’s legal system from a Rolls Royce to a fuel-efficient vehicle that ordinary citizens could afford to drive out of the garage. Six years later Mr Martin has been made a Companion of the Order of Australia.
Business: Embattled Qantas chief executive Alan Joyce says the company’s dramatic share price fall last week has been overdone, suggesting the shares are worth more than $2 — at least twice as much as their market value after the carrier’s shock 90 per cent profit downgrade last week.
Spain, rocked by massive unemployment and precipitous declines in house prices, waved the white flag yesterday and said it would ask Europe for financial aid for its ailing banks, a step that would make it the fourth and largest eurozone economy to require rescue funds from its eurozone partners.
James Packer is expected to meet Malaysian casino magnate KT Lim as early as this week after Mr Lim’s Genting Casinos revealed on Friday that it had built a strategic stake in Echo Entertainment, throwing a wild card into the battle for control of the Sydney casino group.
China's trade bounced back last month from weak figures in April, posting a stronger than expected $18.7 billion surplus. The figure beat forecasts but rapidly slowing inflation and weaker industrial output and retail figures have set the stage for increased government stimulus measures.
Chinese state-owned companies and banks, key bankrollers of Australia’s pipeline of resources, energy and infrastructure projects, are placing more scrutiny on investments following cost overruns, says one of Asia’s biggest project financing houses.
Brickworks boss Lindsay Partridge is yet to celebrate being named a Member of the Order of Australia in the Queen’s Birthday Honours list, but he says the greatest honour of all has been helping hundreds of young people into apprenticeships to become bricklayers over 25 years.
French oil and gas giant Total has added its weight to the skills shortage debate, warning Julia Gillard of a looming crunch in the booming liquefied natural gas industry.
Orica has fired a shot back at Queensland authorities after the Environment Minister linked it to damage to Gladstone Harbour and the Great Barrier Reef.
THE SYDNEY MORNING HERALD:
Page 1: The man whose work helped enable vaccination of 60 million girls and women against a virus that causes cervical cancer, Ian Frazer, has been honoured in the Queen's Birthday honours. Australian superannuation funds are being urged to invest their money in NSW projects like motorways and ports. Sydney suburbs have been shortlisted to house rubbish transfer depots that would handle thousands of tonnes of waste each year.
Page 2: The NSW government will cut jobs at its water management body, the Office of Water, even as it promises to pump millions into water infrastructure projects.
Page 3: Independent grocers want the federal competition watchdog to take on supermarket giants Coles and Woolworths.
World: Spain and its ailing banks will be thrown a $A126 billion lifeline from fellow eurozone nations.
Business: Australian investors have welcomed the Spanish bailout plan.
Sport: The Blues believe they can reshuffle their players in time for Wednesday's Origin match if prop Tim Grant is ruled out following an injury scare.
THE DAILY TELEGRAPH:
Page 1: Budget papers show NSW schools and hospitals will pay millions more on their power bills when the federal government's price on carbon is introduced next month.
Page 2: Pictures of more Australian swim team members holding rifles have emerged in the wake of an Australian Olympic Committee decision to restrict the behaviour of swimmers Nick D'Arcy and Kenrick Monk at the forthcoming London Olympics over pictures of the pair posing with weapons.
Page 3: Nearly 60 per cent of children swear, and 42 per cent are cussing by the age of three - and though most parents don't like it, they only have themselves to blame.
World: Prince Philip has bounced back from a health scare to rejoin celebrations for Queen Elizabeth's diamond jubilee.
Business: Spain will ask for a bailout for banks hit by the tough real estate market in a move that has been welcomed by European officials.
Sport: NSW greats have labelled the Maroons bigheaded.
THE AGE:
Page 1: Victoria's sole female premier, Joan Kirner, receives highest Queen's Birthday honour. Independent retailers want the competition watchdog to rein in the spread of Woolworths and Coles, which is killing off competition. Australia flips from second most hated to second most loved in Jakarta Islamic University survey. Fears grow for Australian lawyer held in Libya on espionage charges.
Page 2: Full-body scanners to be introduced into Australian airports will reveal all, including prosthesis wearers, breast cancer survivors and transgender passengers. A year after tougher new bullying laws introduced there has not been one prosecution.
Page 3: Greens back betting ban on local footy. Survey shows flipping burgers is better pay than being an apprentice. New bone grown from stem cells could lead to replacement of broken bones with new ones grown outside the body. Couples rushing to get new home handouts before they wind up at the end of the month.
World: Violence flares in disputed Burmese province just days after Australia moves to lift financial sanctions.
Business: Europe lends Spain $A100 billion to prevent its banks from collapsing.
Sport: Magpie Tyson Goldsack believes his mate Travis Cloke will stay at Collingwood.
THE HERALD SUN:
Page 1: Buddy reported for sling tackle. Party mums are having their left-at-home infants taken into care.
Page 2: Olympic swimmer Eamon Sullivan accuses Australian officials of hypocrisy over gun-toting teammates.
Page 3: Claims that Shane Warne's ex-wife Simone was set up for "fake shots" with her new beau for women's magazines. Toddlers taking up cursing.
World: More civilians killed by Syrian bombardment in Daraa.
Business: Spain bailout lifts investors moods.
Sport: Buddy booking sours Hawthorn's win over Port Adelaide.
