AAP General News (Australia)
04-05-2001
VIC: Main Stories in today s Melbourne newspapers
MELBOURNE, April 5 AAP - The main stories in today's Melbourne newspapers:
HERALD SUN
Page 1 - China has offered no hope of an early freedom for the 24 crew of a US Navy
spy plane at the centre of a deepening crisis between the super powers.
Page 2 - Victorian treasurer John Brumby is to reject the plan for a flat-rate land
tax; Australia has retained its reputation as one of a handful of countries free of mad-cow
disease.
Page 3 - Cashed up home-owners are being urged to spend the $48-dollar-a-month mortgage
saving after yesterday's interest rate cut.
World - Singers and musicians claim their interests had taken a back seat in the battle
between the recording industry and Napster in the US; Fears of regional war in the Middle
East grew after Israeli helicopter gunships bombarded targets throughout the Gaza strip
for the second time in a week yesterday; Three months ago a Chinese aircraft came within
metres of a US spy plane in roughly the same area as this weeks clash, US defence sources
said.
Finance - Lachlan Murdoch warns about the state of the world economy after the Reserve
Bank announced another interest rate cut; Economists say the Reserve Bank will be forced
to make more cuts to interest rates which could force cash rates to a post-World War II
low; Australian brewers expect the Federal Government's backflip on beer excise to revitalise
the stagnant beer market; The $3 billion plan to develop central Queensland's oil shale
reserves has been thrown into doubt.
Sport - Australia's cricketers are on the verge of a payrise likely to produce the
game's first million-dollar player; Geelong is expected to continue its hard line on aggression
despite three players facing the AFL tribunal this week; Melbourne Storm has become embroiled
in a bidding war with the Brisbane Broncos.
MORE
KEYWORD: FRONTERS VIC
2001 AAP Information Services Pty Limited (AAP) or its Licensors.
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