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NewsMail Morning Edition
Fri 05 Aug, 2011

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Stocks plunge on recession fears

US stocks plunged more than 4 per cent this morning and every key index in Europe shed more than 3 per cent as fears of a fresh global economic downturn stalked trading floors on both sides of the Atlantic.More »

The Drum

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Put down your gun: the tyranny of professional 'consensus'

I belong to one of those professions for which there is supposedly a 'consensus' - on using a carbon dioxide tax or an ETS as the most efficient means of reducing the growth of emissions.
The clear message is that if you are not part of the 'consensus', you are an idiot and no-one should listen to anything you say. 
Well, count me out of the 'consensus', because bald statements about complicated policy issues should never generate only binary possibilities - agree or disagree.More »

World

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Stocks plunge on recession fears

US stocks plunged more than 4 per cent this morning and every key index in Europe shed more than 3 per cent as fears of a fresh global economic downturn stalked trading floors on both sides of the Atlantic.More »

Science and Technology

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Telescope detects oxygen in space

The European Space Agency's Herschel telescope has found the first confirmed evidence of oxygen molecules in space, according to a report published this week in the Astrophysical Journal.More »

Environment

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Turnbull decries war on climate science

Opposition frontbencher Malcolm Turnbull has hit out against climate change sceptics on his side of politics, saying there has been a "war on science" that contradicts common sense.
He also warned the Liberal Party against veering too much to the right, using his popularity as a moderate in the New South Wales seat of Wentworth as an example of wresting votes from Labor.More »

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