Vic: The main stories in today's Melbourne newspapers

AAP General News (Australia)
12-04-2003
Vic: The main stories in today's Melbourne newspapers

MELBOURNE, Dec 4 AAP - The main stories in today's Melbourne newspapers:

HERALD SUN

Pages 1, 2 & 3: The worst storm to hit Melbourne in a century left a trail of devastation
and heartbreak yesterday, flooding homes and shops and causing $50 million damage.

World - None of Australia's ski resorts would be economically viable by 2070 if the
worst global warming predictions come true (Turin). The US will create a paramilitary
force formed by militiamen from Iraq's five largest political parties to hunt for subversive
elements (Baghdad).

Business: Banks and the Australian dollar sparkled following yesterday's much anticipated
interest rate rise. Small Victorian company Gippsland Aeronautics has shown a clean tail
to its rivals.

Sport: Steve Waugh has called on Indian captain Sourav Ganguly to respect the traditions
of the game when a toss of the coin becomes something more at the Gabba today.

THE AGE

Page 1: A once-in-a-lifetime storm that hit Melbourne early yesterday has left a multi-million
dollar trail of devastation. The Reserve Bank has lifted home loan rates for the second
time in less than a month and signalled more mortgage pain for the new year.

Page 2: The state government wants Melbourne's live music venues to turn the volume down.

Page 3: A County Court judge yesterday found suspended Aboriginal leader Geoff Clark
guilty of obstructing police during a dispute at a Warrnambool hotel, leaving his political
future in doubt.

World: Secretary of State Colin Powell plans to meet the authors of an unofficial Israeli-Palestinian
peace accord as part of a Bush Administration strategy to increase pressure on Israeli
Prime Minister Ariel Sharon (Washington). Zimbabwe President Robert Mugabe has labelled
Australia a member of an "Anglo-Saxon unholy alliance" in a bid to fuel a black-white
divide at this week's Commonwealth Heads of Government summit (Abuja, Nigeria).

Business: The Australian dollar reached a six-year high yesterday after the Reserve
Bank's widely anticipated interest-rate. Importers believe much of the price benefit Australian
consumers may have derived from the rising dollar has been erased by extraordinary increases
in shipping freights.

Sport: Steve Waugh will instruct his fast bowlers to be dangerously selective in their
use of bouncers in today's first test against India.

AAP adm/cjh

KEYWORD: FRONTERS VIC

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