Senate rejects Murray-Darling Proposal

The Greens and Labor in the Senate have blocked the Federal Government’s proposed changes to the Murray-Darling Basin Plan.

The changes would have reduced the amount of water being returned to the environment in Queensland and New South Wales and instead seen that water used for further supplying irrigation farming.

The move by the Senate could jeopardize the fragile political agreements that make up the Murray-Darling Basin Plan with New South Wales and Victorian governments from both sides of politics threatening to pull out of the plan.

Telstra dividend slash hits mums and dads

Amongst those hardest hit by Telstra’s most recent dividend slash are around a million, mum, dad, and self-funded retiree investors.

The teleco reported a 5.8 percent fall in net profit to $1.7 billion this year, which translated to more than a quarter cut to December’s dividend passed on to domestic investors.

The reduction in profit comes after the company’s US video arm Ooyala maybe significant losses throughout the year due to quoted ‘non-cash impairments’.

Gunman arrested after Florida shooting

17 people have been killed and others injured after a school shooting in Florida on Wednesday afternoon just before the school day was due to finish.

A fire drill had already been held that day which confused staff and students when a code red was read over the loudspeaker.

The gunman, a 19-year-old former student, was treated for minor injuries and then released into police custody.