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As it happened: Inflation highest since 1990; Treasurer flags childcare, parental leave subsidies in $7.5 billion cost of living relief package

Caroline Schelle and Caitlin Fitzsimmons
Updated ,first published

The headlines today

By Caitlin Fitzsimmons

That’s all for today. I hope you enjoyed the live blog and have a terrific evening.

I, for one, plan to head home and catch up on Doctor Who on free-to-air TV while I still can. (In case you missed it, the ABC announced today that it would no longer be the home of the iconic sci-fi show because of a deal between the BBC and Disney+).

Doctor Who has been a fixture on ABC TV for decades.

It’s been a busy day with top-notch coverage of the federal budget from our political and economics team, but we’ve had time to look at a few other stories as well.

Here are the main headlines of the day:

Left-wing Democrats retract letter to Biden asking for Ukraine peace talks

By Caitlin Fitzsimmons

Given the federal budget was delivered last night, we’ve been focused on Australian political and economic news for most of the day. Before I sign out for the day, I want to turn briefly to international news.

We’ve heard a lot of people refer to the war in Ukraine today, but mainly in the context of why power bills are surging in Australia.

But what’s been happening with the war itself?

Earlier this week, left-wing Democrats in the United States sent a letter to US President Joe Biden earlier in the week calling for peace talks with Russia over the war in Ukraine.

The letter from the Congressional Progressive Caucus, and signed by 30 House liberals, sparked furious pushback from other Democrats and Ukrainian officials who said was unrealistic to negotiate with Russian President Vladimir Putin.

More on reducing methane emissions

By Caitlin Fitzsimmons

Of course, carbon dioxide is not the only greenhouse gas. Earlier in the week, we discussed the Albanese government’s pledge to reduce methane emissions by at least 30 per cent below 2020 levels by 2030, which the opposition has opposed.

The next round of United Nations climate talks, COP27 in Egypt, are less than two weeks away, and Climate Change and Energy Minister Chris Bowen is slated to attend.

In Monday’s blog, we quoted Professor Chris Greening at Monash University saying methane emissions accounted for 40 per cent of global warming, but was an easier problem to fix than carbon dioxide.

Cattle at a feedlot in South Australia eating a seaweed feed supplement to reduce the amount of methane produced in their burps and farts.

Some blog readers commented to ask whether Greening’s suggestion of adding seaweed to livestock feed would really help given most cows and sheep in Australia eat grass. (Though feedlots are becoming more common).

I put your questions to Greening and he responded:

The most promising inhibitor, 3-nitrooxypropanol, has indeed primarily been tested in a feedlot context and likely a different formulation approach (eg. spray-on) would be required for grass-fed cattle.

I haven’t seen any reports on this, but imagine its manufacturer DSM is aware of this and developing strategies.

Apologies I can’t give a more definitive answer.

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Protesters target Whitehaven Coal AGM

By Caitlin Fitzsimmons

While we are thinking about power bills and the Albanese government’s plan to boost supply of renewable energy, I want to note that Whitehaven Coal had its annual general meeting in Sydney earlier today.

At the AGM, the mining stock gained shareholder approval to buy back up to 240 million fully
paid ordinary shares over the next 12 months.

Given Whitehaven Coal is in the business of fossil fuels, the company often attracts protests and today was no exception.

A modest crowd gathered outside the Mint on Macquarie Street, where the AGM was in progress, waving signs that called the company “environmental vandals” and “climate killers”.

The protesters called out the company’s plans to double coal production by 2030 and the National Australia Bank as financier.

‘The dragon we need to slay’: What’s driving inflation

By Caitlin Fitzsimmons

Circling back to the cost of living, our graphics team has produced this handy guide to what’s driving inflation.

As reported by our economics correspondents, Shane Wright and Rachel Clun, prices are growing at their fastest pace in 32 years.

Treasurer Jim Chalmers told the National Press Club today: “Inflation is public enemy number one. Inflation is the dragon we need to slay.”

The graphic, produced by Matt Absalom-Wong, shows the rising cost of common household expenses, based on the Consumer Price Index from the Australian Bureau of Statistics.

Gittins and Hartcher answer your questions about the budget

By Caitlin Fitzsimmons

We’ve got your evening commute covered, with this Please Explain podcast.

The podcast features Ross Gittins and Peter Hartcher answering your questions about federal budget.

If you’re looking for a text-based summary, the related story covers what they had to say about power bills and stage three tax cuts.

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How much will your power bills rise?

By Caitlin Fitzsimmons

There has been a lot of talk about power bills in the wash up from the federal budget.

Treasurer Jim Chalmers said today that boosting the supply of renewable energy was the best way to get energy bills down over time.

“It remains the case that renewable energy is cheaper energy as well as cleaner energy,” he said.

In the meantime though, households are facing a 56 per cent spike in power bills, according to last night’s budget papers.

Richard Lama has made handy calculator that lets you work out what that will mean for your household. There’s also a story about it here.

Jury in Lehrmann trial to continue deliberating

By Angus Thompson

The jury in the Bruce Lehrmann rape trial will continue deliberating on Thursday.

The eight women and four men have so far been deliberating for five days.

Lehrmann has pleaded not guilty to sexually assaulting his former colleague Brittany Higgins in Parliament House in the early hours of March 23, 2019. He denies ever having sex with her.

Bruce Lehrmann departs the ACT Supreme Court on Wednesday.Rhett Wyman

ACT Supreme Court Chief Justice Lucy McCallum urged the jury members to keep deliberating on Tuesday after they told her they were unable to reach a verdict.

Grief for Indigenous teen, as police say alleged killing could be case of ‘mistaken identity’

By Caitlin Fitzsimmons

Staying on Indigenous issues, I want to talk about the tragic death of Cassius Turvey, a 15-year-old Noongar boy from Perth.

Friends and family are planning a candlelight vigil for Turvey at Perth’s Midland Oval on October 31 at 5.30pm to coincide with Halloween, one of his favourite events. There are national rallies planned for November 2.

Cassius Turvey, before and after the alleged attack.

Turvey was walking along a suburban Perth street at 4.30pm on a Thursday afternoon with a group of friends on October 13, when it is alleged that a group of males jumped out of a black ute and chased them with weapons.

The year 9 student who ran a part-time lawn mowing business was still wearing his school uniform. Friends who were with him at the time said the strangers accused them of smashing one of their car windows a day earlier.

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‘Investment in real power’: Thorpe welcomes funding to advance Indigenous treaty

By Caitlin Fitzsimmons

Circling back to the Indigenous spending in the federal budget, Greens Senator Lidia Thorpe has declared it a “win” that the Albanese government committed funding to advance treaty making and truth telling as well as its flagship policy of an Indigenous Voice to Parliament.

Back in July Prime Minister Anthony Albanese announced plans for a referendum to enshrine a First Nations Voice in the Australian Constitution.

The Uluru Statement from the Heart agreed by the 2017 First Nations National Constitution Convention, calls for Voice, Treaty, Truth, in that order.

The statement calls for the Indigenous Voice to be enshrined in the constitution - which would require a referendum - and the establishment of a commission to supervise a process of agreement-making between governments and First Nations and truth-telling about Australia’s Indigenous history.

Thorpe, the Greens spokesperson on Indigenous issues, has previously criticised the plans for Voice, calling it a “wasted exercise”, and argued treaty should be the priority. She has since ruled out campaigning for a “no” vote in the Voice referendum.

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