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Posts Tagged ‘Tuesday’

Mining magnate Clive Palmer says his iron ore company has put a West Australian project on hold because of the federal government’s resources super profits tax.

Mr Palmer continued his attack on the government today, saying he is prepared to put everything he has got into fighting the new tax.

He said the board of directors of his company Mineralogy decided to put the brakes on one of his planned Balmoral South iron ore projects in the Pilbara region on Tuesday due to growing uncertainty over the tax.

Source  :  www.watoday.com.au

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A FOUR-DAY heatwave is forecast to hit the Perth metropolitan area in the coming days, with authorities warning of a high bushfire danger.

Today the mercury is set to rise to 38C, followed by 41C on Sunday and Monday, then dropping back to 38C on Tuesday.

Bureau of Meteorology duty forecaster Andrew Mostyn said the searing conditions could prompt extreme danger on Sunday and Monday.

“It doesn’t appear as though it will be catastrophic for the fires but with the hot dry weather, it will probably be extreme,” Mr Mostyn said.

“On Sunday and Monday northeasterly winds will drag hot air from the inland Pilbara region down towards Perth.                                                                                                

“However, along the coast, there will be an afternoon sea breeze but it won’t penetrate enough inland to really affect the Perth temperature in the afternoon.”

Local swimming pools and metropolitan beaches are expected to be packed on Sunday as people seek relief from the heat.

The hottest January day ever recorded in Perth was 45.8C on January 31, 1991.

Source  :  www.news.com.au

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Extreme temperatures over the next two days are expected to bring Western Australia’s most severe bushfire conditions for the season, authorities say.

The Bureau of Meteorology forecasts “very hot” conditions for Monday with temperatures of about 40 degrees in Perth city, paired with east to north-east winds.

“Fire danger ratings of extreme to catastrophic are possible over most of the south-west land division as well as the south-west Goldfields on Tuesday,” said a Fire and Emergency Services Authority statement issued today.

“If you live in an area with a catastrophic fire danger rating you should put your survival first and leave early. That is hours before a fire starts.

“Under no circumstances will it be safe to stay and defend your home.”

FESA suggests that residents from at-risk areas spend Monday “at the beach, shopping in the closest major town or with family and friends away from bushland”.

Total fire bans are yet to be issued but may be later today.

Emergency service crews say they are well prepared for the fire threat.

On Tuesday, Perth is expected to reach 36 degrees, with the chance of a shower.

Temperatures are then forecast to plummet, with showers bringing a maximum of 23 degrees on Wednesday, warming to 26 on Thursday and heading back into the high 20s by next weekend.

Source  :  www.watoday.com.au

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The Reserve Bank of Australia (RBA)  is due to announce its decision on interest rates at 2.30pm (AEST) on Tuesday.
The economists surveyed by AAP said the cash rate will remain at a 49 year low of three per cent after the central bank’s board meeting on August 4.

“The RBA appears to have no intention of reducing the cash rate any further,” said Matt Robinson, an economist with Moody’s Economy.com. reserve_bank_400

“I think a housing market bubble is starting to form, and given the sentiment that governor Stevens expressed in his speech to the Australian Business Economists, that is something that the RBA is watching and that would be a reason for them to maybe hike interest rates earlier.”

There were doubts about whether the RBA would be deterred from raising rates if unemployment continued to rise.

The RBA has kept the cash rate at 3 per cent for three consecutive months.

Michael Turner, an economist with financial markets research group 4Cast, said the prospect of rising unemployment would mean the cental bank could keep rates steady until well into 2010.

“We’re still of the opinion the worse is yet to come and things look better now than they did a couple of months ago, which is why we’re now calling it on hold (in August) rather than going lower,” he said.

“But we still think there’s enough of a story in the lack of utilisation in the economy at the moment that price pressure might be moderate enough at 3 per cent.

“We’re currently chewing on a rate rise in 2010 at the moment. It’s possible, but not until late 2010.”

If you look at the split in the market or the way the debate was being conducted it was very much the idea that the RBA isn’t going to hike because they never have while the jobless rate has been rising.

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EXCLUSIVE: SUPER 7s Oz Lotto has jackpotted to a staggering $90 million next week.

The new, all-time record lottery draw will take place next Tuesday after there were no first division winners in last night’s $50 million draw.

A rush for tickets for last night’s game saw the division one prize pool boosted to a massive $59 million.

Tattersall’s Lotteries PR manager Karen Anning said next week’s Super 7s Oz Lotto
draw will shatter all existing records for lotto games in Australia.

“We were expecting the game to jackpot to $60 million next week if there were no first division winners but, due to the unprecedented level of interest in last nights draw, the decision has been made to offer a minimum guaranteed jackpot level of $90 million, Ms Anning said.

“The lotto frenzy we have already experienced over the past week is expected reach epic proportions in the lead up to next Tuesday nights draw.”

source  :  www.news.com.au

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POLICE have charged a 17-year-old boy – a former volunteer firefighter – after a spate of more than 20 deliberately lit fires in the Perth Hills this week.

The teenager has been charged with four counts of arson after he was arrested by detectives from the arson squad this afternoon. bush fire

Police say they expect more charges to be laid over the outstanding fires in the Shire of Mundaring on Tuesday and Wednesday.

The arrest comes after a six-month operation between FESA, the Department of Environment and Conservation and the police arson squad targeting arsonists in the Perth foothills

Detective Sergeant David Gorton said police had focused their attention on the teenager since mid-March.

“We will allege that this young man lit two fires (Wednesday) – one in Hovea and one in Parkerville – in the space of about 15 minutes,” Det-Sgt Gorton said.

“The previous charges relate to February this year in Glen Forrest and then March in Parkerville again.”

It is understood the teenager was a volunteer firefighter when he allegedly lit the Glen Forrest and first Parkerville fires, but he resigned from the position two weeks ago.

“No property was damaged in relation to these fires however, some of the fires were lit in close proximity to houses so there was always a danger that given a wind direction change or other circumstances that property could have been damaged,” he said.

“Certainly there was the potential for property and lives to be lost in relation to what he was doing.”
The teenager has also been charged with five counts of making malicious phone calls to 000 earlier this year.

The maximum penalty for bushfire arson convictions is a $250,000 fine and/or 14 years in jail.

www.news.com.au

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