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RBA's historic interest rate cut: Bad news for retirees relying on savings

Marie and Ronald Wood, who rely heavily on interest from term deposits, say they are being stripped of hundreds of dollars a year.

Many Australians cheered as the Reserve Bank announced a cut to the cash rate, but not everyone is celebrating.

The Economy | Esther Han | Tue May 05 17:29:32 EST 2015

COMMENT

Mike Baird's ICAC decision politically sound but more importantly, it's fair

Mike Baird's decision to shore up ICAC's powers reflects the strong public support for the anti-corruption body.

NSW | Sean Nicholls | Wed May 06 19:00:00 EST 2015

Best of the World - May 6, 2015

The Herald's picture editors showcase the best images from around the globe.

World | Wed May 06 00:00:01 EST 2015

Market wrap: Religious group snaps up former cosmetics company headquarters

A religious organisation with plans to establish an education centre has snapped up the former Mary Kay Cosmetics head office at 551 Burwood Highway.

Business,Property | Wed May 06 00:00:00 EST 2015

Narcotics, international law and the death penalty: The way forward

Andrew Chan's coffin

Australia can lead in calling for a regional moratorium on capital punishment for narcotics offences, if not more generally.

Comment | Christopher Ward and Donald Rothwell | Tue May 05 23:45:00 EST 2015

Consortium buys $42m Fishermans Bend site

The Carlins Automotive Auctioneers site at 6-78 Buckhurst Street is trading just months after former planning minister Matthew Guy approved that the 9000-square-metre block be replaced with four...

Business,Property | Marc Pallisco | Wed May 06 00:00:00 EST 2015

Pyrmont site up for grabs

Government Property NSW is looking to sell a non-core asset at 108 Miller Street, Pyrmont, which has the potential for redevelopment into city fringe apartments.

Property | Carolyn Cummins | Wed May 06 00:00:00 EST 2015

Political leadership sorely lacking in referendum debate

Dr Bede Harris

Debate on the constitutional recognition of Australia's Indigenous peoples has become dominated by pragmatic considerations of how to propitiate so-called 'constitutional conservatives' in order to...

Comment | Bede Harris | Tue May 05 23:45:00 EST 2015

Meet the rich and poor of Generation Y

They haven't even celebrated their 30th birthdays yet, but Generation Y is already marred by a stark divide between rich and poor.

Business | Inga Ting | Tue May 05 22:00:00 EST 2015

In the Herald: May 6, 1954

In the Herald

Norwegian workmen completed the first major tunnel of the Snowy Mountains hydro-electric project.

Comment | Lyn Maccallum | Wed May 06 00:00:00 EST 2015

Bill O'Chee: Chan and Sukumaran not heroes nor martyrs

There have been many things written about Andrew Chan and Muyran Sukumaran since their execution, and much is yet to be written.

The Hermit | Bill O'Chee | Wed May 06 00:00:00 EST 2015

Editorial cartoon

editorial cartoon

A collection of sketches from The Sydney Morning Herald's editorial cartoonists.

Comment | Wed May 06 00:00:00 EST 2015

City strata sales and values sizzle as Bourke Street office nets $2.21m

Hoyts Mid City

A strata office in the former Hoyts Bourke Street cinema has doubled in value in one year.

Business,Property | Nicole Lindsay | Wed May 06 00:00:00 EST 2015

Comment

Hugh Sheridan's visit to Nepal for Seven's Sunday Night highlights ethical concerns

Hugh Sheridan in Nepal on a quest for his brother's safe return.

The line between covering a major news event and capitalising on it is a fluid one, open to all manner of interpretation.

TV & Radio | Craig Mathieson | Thu May 07 00:00:00 EST 2015

Dr Greg Clark backs Brisbane 2028 Olympics' catalyst power

Lord Mayor Graham Quirk:

A visiting international cities expert has backed Brisbane's 2028 Olympic bid.

Queensland | Cameron Atfield | Wed May 06 00:00:00 EST 2015

Queensland's Department of Transport and Main Roads' plan stings Sunshine Coast businesses

On and off ramps leading to 20 Sunshine Coast businesses are set to be closed.

$550m plan will close roads and jeopardise crucial Sunshine Coast businesses.

Queensland | Tony Moore | Wed May 06 00:00:00 EST 2015

It's time to shut down puppy farms for good

Conditions inside puppy farms can be squalid and confined.

I've seen first-hand the awful, overcrowded and unhygienic living conditions at some puppy farms. Dogs are constantly caged.

Comment | Steve Coleman | Tue May 05 21:00:00 EST 2015

More than 70 deaths in five years: we need more education on the dangers of floodwaters

If it's flooded, forget it: despite educational campaigns, people still drive into floodwaters.

With more than 70 deaths in five years, we need to do more to educate the public so deaths from floodwaters can be prevented.

Comment | Chas Keys and Andrew Gissing | Tue May 05 21:00:00 EST 2015

Why the Reserve Bank cut its cash rate to an all-time low

Martin

The last time the Reserve Bank cut interest rates ahead of a budget the man who is now treasurer said this: "Wayne Swan says the economy is doing just fine.

The Economy,Political Opinion | Peter Martin | Tue May 05 17:49:59 EST 2015

Natural disasters like Nepal earthquake expose human frailty

Residents clear the rubble from their homes which were destroyed after last week's earthquake in Bhaktapur, Nepal.

Earthquakes have more to do with geological forces than divine forces. But the human condition is more complicated.

Comment | Paul Monk | Wed May 06 00:00:00 EST 2015

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