Homeowners could face rate hike pain

Homeowners could face rate hike pain

MORTGAGE holders could be hit with eight interest rate hikes within two years, a former Reserve Bank board member has revealed. Economist John Edwards, who was part of the Reserve Bank of Australia for five years until July 2016, says if the Australian economy is to grow at the level the RBA wants, then interest rates will need to be jacked up by a whopping 2 per cent. This would send standard variable mortgage rates soaring to about 7.25 per cent, adding $389 per month to the repayments for a…

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Rogue police in helicopter attack Venezuelan Supreme Court

Rogue police in helicopter attack Venezuelan Supreme Court

New York: A rogue faction of the Venezuelan police attacked the country’s Supreme Court in Caracas on Tuesday, dropping grenades from a helicopter, government officials said. It was a rare uprising by government personnel in a country that has been on edge from mass protests and economic crises. Play VideoDon’t Play Man walks into pub after getting hit by bus Play VideoDon’t Play Previous slideNext slide Police helicopter bombs Venezuela’s … Police helicopter bombs Venezuela’s Supreme Court A rogue arm of Venezuela’s police dropped grenades and fired shots at government…

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'Boaty McBoatface' submarine returns home

'Boaty McBoatface' submarine returns home

Image copyrightP.Abrahamsen/BAS Image caption Boaty undertook three dives with the longest conducted over three daysBoaty McBoatface, the UK’s favourite yellow submarine, has returned from its first major science expedition. The vehicle was used in the Antarctic to map the movement of deep, cold water as it moves away from the White Continent towards the Atlantic Ocean. Scientists say this flow of water plays an important role in helping to regulate the Earth’s climate system. Boaty made a total of three dives, reaching down to 4,000m below the surface. And by…

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Into the fire: Photos of strength and resilience on the frontline

Into the fire: Photos of strength and resilience on the frontline

Posted June 28, 2017 07:00:05 Photo: This image made Cam Neville a finalist for the Moran Contemporary Photography Prize. (Supplied: Cam Neville Photography) Have you ever wondered what extreme conditions are experienced by everyday volunteer rural firefighters on the frontline? Cam Neville began documenting the work of his local Guanaba Rural Fire Brigade in 2013. His series of stunning images, titled Into The Fire, was a finalist in the Moran Contemporary Photographic Prize and has since been shared around the world. Photo: Cam Neville says capturing the stories behind each…

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Commuter chaos as Brisbane trains come to standstill

Commuter chaos as Brisbane trains come to standstill

Posted June 28, 2017 17:54:35 There is peak-hour chaos for Brisbane rail commuters as issues with the northern line disrupt all services on the network. A number of Brisbane trains have come to a standstill, causing lengthy delays for commuters. A Queensland Rail spokeswoman said the control centre lost communication with trains travelling north about 5:00pm. Translink said there was a flow-on effect disrupting all lines. Buses are being organised to transport passengers. More to come. Topics: rail, brisbane-4000, qld, australia Source link

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