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an Aussie's viewpoint on Australia's first daily Internet newspaper
Since October 1995

Tuesday 4th June 1996

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International:

Australia's largest Internet Service Provider (ISP) OzEmail was launched onto the US stock exchange late last week raising a tidy equity profit of US$49 million for its chief executive officer, Sean Howard. OzEmail, which has some 57,000 subscribers, floated 2.7 million shares or 26.3% of the company. The public offering raised an extra US$40 million in capital - a nice sum with which to expand the business in both technology and marketing drives.

Political:

Federal Government is today expected to step back from it's tough stance on the future of Australia's international commitments on greenhouse emissions in a major victory for business in its dealing with the Howard government.

Cabinet will today consider a recommendation that Australia take a flexible position on greenhouse emission standards to a major international conference on climate change in Geneva next month.

Senior Cabinet members believe that Australia should not accept, at this stage, the push by a number of overseas countries and groups, such as Greenpeace, for legally enforceable expicit targets and controls on greenhouse emissions.

Business:

Someone waved the magic wand... the banks are starting to drop their home loan interest rates to match the lead by the Commonwealth Bank of Australia. Rumour has it that the bank directors are "peeved" because the 0.6% drop will cost them about Au$100 million in profits.

Fat cats in glass cages pulling little levers that effect the average Aussie right around Australia. About time someone put one over them... me thinks.

Sport:

The second state of origin rugby union match was played in Sydney last night at Sydney Football Stadium in front of over 41,000 screaming fans.

And what a match.

Got to tell you some of the Queensland players must have felt like taking out the referee. New South Wales beat Queensland 18-6 after some pretty ordinary, and quite frankly, obvious refereeing errors. Errors that were made at crucial time allowing New South Wales to score a try and disallowing Queensland a try - a margin which would seen the Queensland team walk away winners. Instead, on paper, they got drubbed.

Queensland coach, Paul Vautin, was incensed and confronted the referre at half time about the try which never was that allowed New South Wales to take a narrow lead at that point. In the second half the referee went from bad to worse with Queensland being penalised at one point for just tackling the man!

Social:

Research by the Liberal Party in Queensland shows that 90% of city and 79% of rural voters support the proposed ban on automatic and semi-automatic fire arms. The survey was conducted in a marginal seat or two to see how the decision would effect voting in the future.

In other related news, Labor dissident Graeme Campbell, MP for Kalgoorlie, is to form a new party with the gun lobby. Guess he won't last long in Parliament.

Personal trivia, from the global office:

Beautiful day, sun shining, blue skies and the Brisbane River once again regaining its deep, sparkling qualities.

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