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The Reserve Bank has raised its key interest rate, making Australia the first developed nation to reverse the cycle of cuts triggered by the global financial crisis. Analysts say more increases are on the way.

Today’s 25-basis-point rise pushes the central bank’s cash rate to 3.25 per cent in a move that will add $40 to the average monthly payment for a typical $300,000 mortgage if it is passed on by commercial banks. The extra cost may stretch household budgets at a time when unemployment remains on the rise.

All four of the big banks – Commonwealth Bank, Westpac, National Australia Bank and ANZ – said they have placed their variable interest rates under review.

Source  :  www.watoday.com.au

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WA’s only confirmed case of swine flu has been cleared after a week in quarantine, Ten News has reported, while the nation’s swine flu tally has passed 400.

The  man, who tested positive last week after going to hospital with mild flu symptoms, was in home quarantine with his wife and their eight children.

Australia’s Eastern States has been particularly hard-hit by the flu and Victoria has recorded a massive surge in cases, most of them children.
 
By this afternoon the number of confirmed cases in the State had risen to 306, a rise of 94 in 24 hours.

Most of the new cases in Victoria also involved young people aged five to 18, prompting a twelfth Victorian school to be closed today.
 
According to Federal Health Department figures, there were 64 confirmed cases in NSW, 18 in Queensland, six in South Australia, four in the ACT, and one each in Tasmania and the Northern Territory.
 
However, Queensland Health officials say the State now has 22 confirmed cases, the latest being teenage girls.
 
Federal Health Minister Nicola Roxon said the Government was assessing whether to elevate the nation’s response to the disease from the contain to the sustain phase.
 
Victoria is already preparing to move into the sustain phase, under which quarantining is limited to those who share a home with a confirmed swine flu patient.
In the contain phase, anyone who has had contact with a swine flu patient is quarantined voluntarily and given antiviral drugs for a week.
 
The nation’s chief medical officer, Professor Jim Bishop, said the advice to people with flu-like symptoms may change as swine flu evolved.
 
At present, people who come down with flu-like symptoms, especially if they have recently travelled to an affected country, are being advised to seek medical advice.
 
Professor Bishop said in the future, fit and healthy people may be told to stay at home and only those in at-risk groups, including those with seek medical advice and asthma, will be advised to visit their GP.
 
“A lot of people that have these sorts of symptoms of course will, as this thing progresses, stay at home and not necessarily seek medical advice if in their own case it is a at-risk groups— and that we expect to see more of,” he said.
 
“As we move along in this marathon race, what we will need to do is obviously identify those people that we’re concerned about.
 
“If there is large numbers involved, we want to make sure the system is looking after people we most want to look after.”
 
The swine flu-affected ship Pacific Dawn docked in Sydney this morning after NSW Health authorities gave it the all-clear.
 

The P&O ship was forced to cut short its trip to the Barrier Reef last week when three crew tested positive for the virus.
 
A senior NSW Health doctor and 25 nurses boarded the ship in Brisbane on Saturday, testing all 2500 people on board during the two-day voyage to Sydney.
 
While disappointed the cruise didn’t go to plan, passengers said they still enjoyed the journey.
 
David Geers, from Brisbane, joked it was the perfect place to be quarantined for seven days.

 “If you had to be quarantined somewhere I couldn’t have thought of a better place … because we got fed, the drinks tasted the same and the staff were fantastic,” he told reporters at Darling Harbour.
 
More than 15,000 people in 53 countries have tested positive to swine flu, with deaths totalling 99.

Source www.thewest.com.au

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80 yr old treeKings Park arboricultural experts and specialist tree contractors have transplanted what is believed to be one of the original Centennial plantings of Red Flowering Gum trees along Fraser Avenue.

Arborist Jeremy Thomas said he believed the transplanting was a world first.

An 80 tonne crane lifted the tree and passed it to a 25 tonne Franna crane that “walked” the tree along Fraser Avenue to its new location. Earth anchors will be attached to the tree for stability while the tree develops new roots.

“I believe this is the first time such a tree of this species, size and age has ever been transplanted. We are quietly confident that this effort to conserve the Corymbia ficifolia which is around 80 years old will be a success,” new location. Earth anchors will be attached to the tree for stability while the tree develops new roots.

The tree stands 13 metres high, has a trunk diameter of almost one metre and a canopy spanning 11 metres in width.

Work to prepare the tree for transplant began a year ago with careful excavation around the root ball to assess root structure and prepare it for relocation.

The tree’s has been moved from the corner Fraser Avenue and the main carpark access road to a location near The Lodge just off the entry to Kings Park.

Last June, the Kings Park team successfully transplanted a 750 year old Boab tree 3200 kilometres from the Kimberley to Kings Park. It is envisaged that following an initial 12 month re-establishment period, this Red Flowering Gum will begin to regain its former splendour.

PERTH www.thewest.com.au

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