Knack
Monday, 30 August 2010
Saturday, 28 August 2010
Australia gets first woman PM

Victorious Wilkie in no rush to offer support

Independent candidate Andrew Wilkie has at last claimed victory in the Tasmanian seat of Denison, but he will wait a few more days before declaring who he will support in a hung parliament.
The support of Mr Wilkie is vital for Ms Gillard, whose Labor Party has 72 seats in the new Parliament, four short of the number needed to govern.After returning to Hobart on Saturday evening, Mr Wilkie said Ms Gillard pressed him for answers about which party he was likely to support.They will meet again on Monday, when Mr Wilkie expects Ms Gillard to come back with firm commitments to the issues he raised. He has also indicated stronger whistleblower laws and better services for southern Tasmania are key issues for him.Victory in Denison makes Mr Wilkie a key independent MP who will hold the balance of power in the hung parliament along with Tony Windsor, Rob Oakeshott and Bob Katter.But he has again distanced himself from the three other independents and urged them to decide soon which party they would support in a minority government.In my way, I think he can improve Australia into the right way because if you see in his opinion, that show about many that we should to develop and he will make something new for Australian.
http://www.abc.net.au/news/
Australian dollar closes slightly lower ahead of Ben Bernanke speech


Banks blocking homeowners renovation funds

BANKS are denying funds to homeowners looking to upgrade and move into a bigger home.The hardline stance is curtailing the property market by delaying home purchases and forcing homeowners to sell their homes before buying a new one.
"These loans are now very hard to get, basically because it is just not worth it for the banks," a mortgage industry expert said."Effectively it becomes like a second mortgage on the first property and banks just don't like increasing the amount of money they lend because they have no security to attach that extra money to."Once upon a time when banks weren't getting a good margin, they would have to lend as much as they could, now they are getting a much better margin, they are less inclined to approve riskier loans."The static property market is another reason why banks are loath to approve bridging loans. Several lenders are believed to have been caught out approving such loans to homeowners, only for the eventual sale price of the old home to fall well short of what was agreed to."To put it simply, the economics are against bridging loans, and banks don't want to be increasing their [bad debt] provisions," the expert said.
http://www.news.com.au/business
Sunday, 22 August 2010
Aussie bees cleared of US colony collapse?

Claims that Australia exported a virus that may have caused US bee colonies to collapse have been questioned with the release of new scientific findings.
Sharks use snot to hunt prey

Sharks use a gel-like substance on their heads to pick up electrical signals from the water, possibly to follow a bloody trail