ABC AM today

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Updated Tuesday, 2 September, 2008

Shadow Treasurer welcomes interest ease
The Federal Treasurer, Malcolm Turnbull says an interest rate cut would be a welcome outcome of the Reserve Bank monthly meeting. He says the Rudd Government has talked down the economy, stoking inflationary pressures and shattering confidence.
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Well worth a listen for how Mal lays into the basis of the interest rate cut, it's not 'cos of a boom, it's because of loss of jobs... I'm sure I heard the "r" word.

Analysts tip small reduction to rates
Business Editor Peter Ryan tells Tony Eastley that the Reserve Bank is widely expected to reduce the official interest rate by a quarter of one per cent. It would be the first interest rate reduction in almost seven years. But it may not be the precursor to a string of cuts.
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Hurricane Gustav - water now the worry
Hurricane Gustav is battering the Louisiana coast and the rain and gale force winds are sweeping the coastline and empty streets of New Orleans. But the major concern is whether the levee banks can hold back all the water that's accompanied the storm.
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Diggers defended over Taliban dog pens
Muslim groups are accusing Australian soldiers fighting in Afghanistan of cultural insensitivity for detaining suspected Taliban militants in dog pens. The Defence Minister and the RSL say that in some cases this sort of treatment can be justified.
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Prisoners must be kept in such a way as their captors are safe. And I can't believe that there is a "stink" about this after the five women in Pakistan have been beaten, shot and buried alive. I really don't want to hear about these dregs of the world because, quite frankly, I don't care about their death cult sensibilites. Kev Gillet talks about this here.

EU threatens to suspend partnership talks with Moscow
At an emergency summit in Brussels, EU leaders have declared the bloc's relationship with Russia is at a crossroads because of its actions in the Georgian breakaway provinces of South Ossetia and Abkhazia. The leaders say if Russian troops don't withdraw, trade talks with Moscow will be suspended.
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Japanese PM steps down
Japan's prime minister has stepped down, saying he risked creating a political vacuum if he stayed on. The move leaves the country looking for its third new leader in two years.
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Mossad admits Mengele slipped from their grasp
A former Mossad commander says Israeli agents located the Nazi doctor Josef Mengele in Argentina in the 1960s but postponed the operation to capture him. The delay gave Mengele the chance to give Mossad the slip, and he remained free until he died in Brazil in 1979.
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Political debate in full swing at Minnesota state fair
There's not much happening at the Republican National Convention in Minnesota as a result of Hurricane Gustav. But, as our correspondent Michael Rowland discovers, political debate is alive and well at the annual Minnesota State Fair.
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