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Sunday 27th October 1996

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International:

North Queensland Senator, Bill O'Chee who has Chinese and Irish heritage was racially abused as he left the Hervey Bay airport yesterday. O'Chee was stopped by a member of the public who told him he should not exist because mixed race marriages should not exist.

The outburst prompted O'Chee to make another attack on Independent MP Pauline Hanson over statements she made about Asian immigration. He said that he had received complaints about children as young as 7 years old being vilified because of Ms Hanson's remarks.

O'Chee said, "at the end of the day Australia was built on a fair go."

While State Premier Rob Borbidge is pushing for Asian immigration and expressing concern about the effect Ms Hanson's remarks will have on Queensland's Au$7,500 billion annual exports to Asia a very different picture is being painted in the local pork industry.

A massive, totally foreign owned piggery, Dan Pork Piggery, is sending the old establishment smaller independent piggeries to the wall. Foreign Asian companies are coming into Australia, borrowing our money in their investments, increasing our deficits, paying minimal tax and then shifting their profits offshore.

Now Senator O'Chee that doesn't sound like a fair go to me....

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Business:

Australia's two largest home loan lenders who hold 40% of the home loan market, Commonwealth and National Australia Bank, have held firm in their resolve not to lower interest rates. In the meantime another of the boutique home loan lenders, RAMS, has lowered its variable rate to 7.99% - the lowest in 22 years.

The bank of Queensland and Metway Bank are both currently reviewing their home loan rates with cuts exprected as early as next week.

Sport:

Today the Australian Super Touring Cars compete at Lakeside near Brisbane. Early results show that the BMWs are more than a match for the front running Audis.

Personal trivia, from the global office:

Another beautiful day in paradise... have a good one..


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