Headlines Wednesday 7th May

Treasury slams Labor's IR plan
Dennis Shanahan, LABOR'S industrial relations changes are likely to trigger job losses and higher inflation, according to Treasury's official analysis.
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New spin needed
Andrew Bolt
Of course it would:

LABOR’S industrial relations changes are likely to trigger job losses and higher inflation that will ultimately create “wage-price spirals” and drive up interest rates, according to Treasury’s official analysis of the plan to scrap Work Choices.

The Treasury critique also finds that limiting unfair dismissal laws will cut jobs, increase red tape for small business and make it more difficult for people to move from welfare to work.

The disclosure of the highly critical economic assessment of the plan to scrap John Howard’s Work Choices laws came as Wayne Swan insisted that fighting inflation and taking price pressures off working families were the Government’s prime budget objectives.

Labor’s economic policies so far look like so much faffing around.
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Burma cyclone toll passes 22,000
Mark Dodd THE Burma junta is blocking foreign aid as the toll from Cyclone Nargis rose to 22,500 dead with a further 41,000 people missing.
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Death toll spirals, aid in crisis
VITAL aid is being unloaded by hand, and one expert fears Burma's death toll could reach 250,000.
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Brumby borrows to spend up big
Rick Wallace, Victorian political reporter VICTORIA is moving deeper into debt to fund its budget spending, while challenging NSW and Queensland to match extensive tax cuts.
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Judge shuns new intervention
Jamie Walker and John Wiseman FORMER Supreme Court judge Ted Mullighan yesterday slapped down the option of federal intervention in SA's troubled Aboriginal lands.
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RBA boss in rates warning
David Uren, Economics correspondent Glenn Stevens refuses to rule out more interest rate rises, warning excessive wage claims threaten to derail the RBA's inflation fight.
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Kitten killer says 'Let me off, I want a job'
A teenager who kicked a kitten to death after it rubbed against him wants his conviction overturned to help him get an apprenticeship.
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