1 00:00:05,519 --> 00:00:08,600 Speaker 1: From the Daily Os. I'm Emma Gillespie, I'm Lucy Tassel. 2 00:00:08,720 --> 00:00:11,600 Speaker 1: It's Tuesday, the twelfth of August. Here's what's making headlines 3 00:00:11,640 --> 00:00:12,160 Speaker 1: this evening. 4 00:00:14,320 --> 00:00:17,120 Speaker 2: The Reserve Bank of Australia has cut the cash rate 5 00:00:17,200 --> 00:00:20,279 Speaker 2: to three point six percent, down from three point eighty 6 00:00:20,320 --> 00:00:23,680 Speaker 2: five percent. The cash rate is what the RBA charges 7 00:00:23,760 --> 00:00:27,080 Speaker 2: banks for short term loans. It affects how much interest 8 00:00:27,160 --> 00:00:30,960 Speaker 2: banks charge customers on their loans, for example, mortgages, which 9 00:00:31,000 --> 00:00:33,760 Speaker 2: is why the figure is also referred to as interest rates. 10 00:00:34,320 --> 00:00:36,760 Speaker 2: The Central Bank called its decision to cut rates by 11 00:00:36,800 --> 00:00:40,800 Speaker 2: twenty five points quote appropriate as it forecasts inflation will 12 00:00:40,840 --> 00:00:45,280 Speaker 2: continue to moderate. However, the RBA said it remains cautious 13 00:00:45,360 --> 00:00:49,320 Speaker 2: as quote uncertainty in the world economy remains elevated. It 14 00:00:49,360 --> 00:00:52,040 Speaker 2: comes after last month's surprise decision to keep the cash 15 00:00:52,120 --> 00:00:55,000 Speaker 2: rate on hold. At the time, the RBA said it 16 00:00:55,040 --> 00:01:00,280 Speaker 2: needed to wait for a little more information. 17 00:01:00,400 --> 00:01:04,640 Speaker 1: Has confirmed it will revoke Australia's recognition of Palestinian statehood 18 00:01:04,760 --> 00:01:08,520 Speaker 1: if elected. The opposition said it has serious concerns with 19 00:01:08,560 --> 00:01:12,080 Speaker 1: Prime Minister Anthony Alberanese's plan to recognize the state of 20 00:01:12,120 --> 00:01:15,680 Speaker 1: Palestine at a meeting of the UN General Assembly next month. 21 00:01:16,280 --> 00:01:20,720 Speaker 1: Opposition leader Susan Lee said recognizing Palestinian statehood quote without 22 00:01:20,760 --> 00:01:24,679 Speaker 1: a proper peace process won't expedite the end of the conflict, 23 00:01:24,840 --> 00:01:28,640 Speaker 1: deliver a two state solution, see the free flow of aid, support, 24 00:01:28,680 --> 00:01:31,160 Speaker 1: the release of hostages, nor put an end to the 25 00:01:31,280 --> 00:01:35,200 Speaker 1: terrorist group Hamas. Senior opposition figures have now agreed to 26 00:01:35,280 --> 00:01:38,640 Speaker 1: oppose the government's decision and revoke it if the coalition 27 00:01:38,800 --> 00:01:43,600 Speaker 1: forms government. Albanesi has defended Labour's plan and re emphasized 28 00:01:43,640 --> 00:01:47,240 Speaker 1: the need to quote, isolate and disarm Hamas. He said 29 00:01:47,400 --> 00:01:51,000 Speaker 1: the international community is saying enough is enough. We need 30 00:01:51,040 --> 00:01:54,320 Speaker 1: to move forward, and Israelis and Palestinians will benefit from that. 31 00:01:54,960 --> 00:01:59,320 Speaker 1: French President Emmanuel Macron has welcomed Albanesi's decision, which follows 32 00:01:59,400 --> 00:02:02,120 Speaker 1: similar deaths larations by the UK and Canada. 33 00:02:04,920 --> 00:02:08,600 Speaker 2: A Colombian presidential candidate shot during a political rally has 34 00:02:08,680 --> 00:02:12,400 Speaker 2: died after two months in hospital. Senator Miguel Aribe, a 35 00:02:12,440 --> 00:02:15,360 Speaker 2: member of a right wing party in Colombia, was shot 36 00:02:15,400 --> 00:02:17,840 Speaker 2: in the head and leg at a campaign event in 37 00:02:17,880 --> 00:02:20,919 Speaker 2: the capital of Bogata on the seventh of June. Doctors 38 00:02:20,919 --> 00:02:23,760 Speaker 2: performed multiple surgeries on the thirty nine year old during 39 00:02:23,760 --> 00:02:28,040 Speaker 2: his nine weeks in intensive care. However, Oribe's wife confirmed 40 00:02:28,080 --> 00:02:31,080 Speaker 2: his death on Monday in a social media post, thanking 41 00:02:31,120 --> 00:02:33,800 Speaker 2: her late husband for quote a life full of love 42 00:02:33,960 --> 00:02:37,400 Speaker 2: and for being the best father. The alleged gunman, a 43 00:02:37,400 --> 00:02:39,880 Speaker 2: fifteen year old boy, is among seven people who have 44 00:02:39,919 --> 00:02:43,120 Speaker 2: been arrested in relation to the shooting. The teenager has 45 00:02:43,160 --> 00:02:46,280 Speaker 2: pleaded not guilty to one count of attempted murder. 46 00:02:48,520 --> 00:02:51,440 Speaker 1: And Today's Good News. A rubber duck race known as 47 00:02:51,520 --> 00:02:55,079 Speaker 1: the Chicago ducky Darby has raised more than six hundred 48 00:02:55,080 --> 00:02:59,440 Speaker 1: and sixty thousand Aussie dollars for Special Olympics Illinois. Than 49 00:02:59,480 --> 00:03:01,919 Speaker 1: not for profit, it aims to quote transform the lives 50 00:03:01,919 --> 00:03:05,880 Speaker 1: of people with intellectual disabilities, empowering them to realize their 51 00:03:05,919 --> 00:03:09,800 Speaker 1: full potential in sports and in life. It's annual ducky 52 00:03:09,840 --> 00:03:13,760 Speaker 1: Derby attracted more than eighty thousand participants this year, who 53 00:03:13,800 --> 00:03:17,320 Speaker 1: each paid ten US dollars to adopt a rubber duck. 54 00:03:17,800 --> 00:03:20,919 Speaker 1: Hunters watched their ducks being dumped into the Chicago River 55 00:03:21,080 --> 00:03:24,120 Speaker 1: for the thirty minute race before each and everyone was 56 00:03:24,160 --> 00:03:28,200 Speaker 1: collected by volunteers and staff Throughout the river. Once collected, 57 00:03:28,200 --> 00:03:30,600 Speaker 1: the ducks are washed and packed up to head to 58 00:03:30,639 --> 00:03:34,720 Speaker 1: their next derby. Special Olympics Illinois thanked everyone who quote 59 00:03:34,760 --> 00:03:37,720 Speaker 1: adopted a duck, showed up, cheered loud, and helped us 60 00:03:37,720 --> 00:03:40,600 Speaker 1: celebrate twenty years of racing for inclusion. 61 00:03:41,440 --> 00:03:44,240 Speaker 2: That's the latest from the Daily oz newsroom. If you're 62 00:03:44,240 --> 00:03:46,280 Speaker 2: looking for something else to listen to, you can check 63 00:03:46,280 --> 00:03:50,680 Speaker 2: out today's deep dive on Australia's decision to recognize Palestinian statehood. 64 00:03:51,040 --> 00:03:53,440 Speaker 1: We will be back tomorrow with another deep dive, but 65 00:03:53,520 --> 00:03:55,440 Speaker 1: until then, have a wonderful evening. 66 00:03:58,360 --> 00:04:00,720 Speaker 2: My name is Lily Maddon and I'm a proud Arunda 67 00:04:00,920 --> 00:04:05,720 Speaker 2: Bunjelung Calkatin woman from Gadighl Country. The Daily oz acknowledges 68 00:04:05,800 --> 00:04:07,920 Speaker 2: that this podcast is recorded on the lands of the 69 00:04:07,960 --> 00:04:11,600 Speaker 2: Gadighl people and pays respect to all Aboriginal and torrest 70 00:04:11,640 --> 00:04:14,440 Speaker 2: Rate island and nations. We pay our respects to the 71 00:04:14,480 --> 00:04:17,279 Speaker 2: first peoples of these countries, both past and present.