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RBA 'running scared' of global credit crisis

A new openness at the Reserve Bank has revealed a board increasingly worried about the chaos in world credit markets and the outlook for the world economy. Read more at: http://www.abc.net.au/news/stories/2007/12/06/2110919.htm.
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Mauritius jails Aussie drug runner for 28 years

An Australian woman has received a 28-year sentence for smuggling heroin worth nearly $1.5 million into Mauritius. Read more at: http://www.abc.net.au/news/stories/2007/12/06/2110917.htm.
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US 'respects' Rudd's stance on Iraq

A senior US official says the Rudd Government's commitment to withdraw combat troops from Iraq will not damage the American-Australian alliance. Read more at: http://www.abc.net.au/news/stories/2007/12/06/2110913.htm.
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Education on agenda as Rudd's Cabinet meets

The new Federal Cabinet meets for the first time today and the Opposition frontbench is also expected to be finalised. Read more at: http://www.abc.net.au/news/stories/2007/12/06/2110912.htm.
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NSW to increase negligence fine after Pasha report

The New South Wales Government is ramping up penalties for negligent navigation in the wake of a report into the grounding of the Pasha Bulker on a Newcastle beach during wild storms in June. Read more at: http://www.abc.net.au/news/stories/2007/12/05/2110884.htm.
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GDP figures vindicate rate rises: economist

An economist says today's economic growth figures vindicate the Reserve Bank's decision to increase interest rates in August and November. Read more at: http://www.abc.net.au/news/stories/2007/12/05/2110883.htm.
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Qld Liberal denies leadership 'lucky dip' needed

A Queensland Liberal MP says he is confident the party's leadership deadlock will not have to be resolved through a 'lucky dip'. Read more at: http://www.abc.net.au/news/stories/2007/12/05/2110880.htm.
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Whiteley painting sells for almost 1.7m

A painting by Australian artist Brett Whiteley has fetched $1.68 million at an auction in Sydney. Read more at: http://www.abc.net.au/news/stories/2007/12/05/2110864.htm.
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