AAP General News (Australia)
12-08-2011
NSW:Main stories in Sydney newspapers=2
The Sydney Morning Herald
Page 1: The standoff between the big banks and the Gillard government has intensified,
with the government repeating its demands they pass on Tuesday's interest rate cut and
the banks maintaining their silence.
Page 2: A pair of fossilised eyes belonging to a creature that lived more than 500
million years ago have been found in South Australia.
Page 3: The main supermarket chains have been warned that selling alcohol too cheaply
may affect their chances of getting new bottle-shop licences approved.
World: The European Commission could be empowered to impose austerity measures on the
eurozone countries being bailed out.
Finance: Retirees and savers with bank deposits stand to be surprise beneficiaries
from any move by the big four banks not to pass on in full this week's 25 basis point
cut in official interest rates to home mortgage holders.
Sport: Former Australian captain Steve Waugh has described Cricket Australia's promotion
of young bowlers like Patrick Cummins to Test cricket before their bodies have been readied
for the rigours as "ridiculous".
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KEYWORD: MONITOR FRONTERS NSW 2 SYDNEY
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