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I’ve got 10 seconds
The quote: “I think that the matter is coming to an end.”
Russian President Vladimir Putin told reporters that Russia’s war with Ukraine could be “coming to an end”. According to the UN, at least 70 people have been killed and over 500 injured in attacks across Ukraine this month.
The stat: 53.2%. The percentage of Americans over the age of 68 who, when diagnosed with advanced lung cancer, choose not to proceed with treatment, according to a new study.
The big question:
Friday’s results: 44% of you said that the quickest way for a brand to lose your attention is when “content feels inauthentic”. 37% of you said it’s when the brand is “not relevant” to your lives and 20% of you said it’s when you’ve “seen the same approach too many times”. Thanks for voting - your responses inform TDA's journalism and research. [1,648 votes].
I’ve got 30 seconds
Some headlines from this morning:
The cruise ship with the hantavirus outbreak has arrived near the Port of Granadilla in Tenerife, in the Canary Islands, where it will anchor to allow the evacuation of passengers and some of the crew. The passengers, none of whom have displayed signs of infection, will be tested by Spanish health authorities to ensure they remain asymptomatic and then transported to land in small boats, according to Spanish officials. WHO has recommended all passengers and crew quarantine for 42 days after they disembark. Thirty crew members will remain on board and sail to the Netherlands where the ship will be disinfected. Hantavirus is usually spread by rodents but can in rare cases be transmitted person-to-person. The World Health Organization has said the risk to the wider global population is low, but the risk to passengers and crew on the ship is moderate.
A car bombing at a police post in northwestern Pakistan followed by an ambush on police has killed at least 12 officers. Police official Sajjad Khan said in a statement on Sunday that the bodies of 12 officers had been recovered from the collapsed outpost, while three personnel were found alive and rushed to hospital. A militant alliance known as the Ittehad-ul-Mujahideen claimed responsibility for the attack.
Together with AAP
Recommendation of the day
Negative gearing explained
Australians have been arguing about negative gearing for decades — and with the Federal Budget looming, it’s back in the spotlight. So what’s the deal?
It lets property investors offset losses against their income, and it’s long been tied to debates around housing affordability, rents and access to the market.
Why does it keep coming up and why does it matter right now?
Transparency: This is a sponsored part of the newsletter - the best way to keep the newsletter free for you.
I’ve got 1 minute
One Nation candidate David Farley has won former Liberal leader Sussan Ley’s former seat of Farrer.
Context
Ley resigned from the seat she had held for more than 20 years after losing a leadership spill to now-Liberal Leader Angus Taylor. This triggered a by-election.
Farrer is a NSW electorate bordering South Australia and Victoria, taking in towns including Albury, Griffith, and Deniliquin.
Results
One Nation’s candidate David Farley was declared the winner of Farrer on Saturday night, after recording a significant swing towards his party.
Speaking at a One Nation event on Saturday night, he said: “We listened, you listened, you agreed, and you spoke tonight... One Nation has reached the end of its beginning.”
Farley is the first One Nation candidate ever elected to the House of Representatives. Pauline Hanson was elected to the House in 1996 as an independent, while current One Nation MP Barnaby Joyce was voted in as a Nationals MP and then defected to the party after.
Reflecting on the Liberal loss of her former seat, Ley said: "I urge the Liberal leadership to accept this result with humility because the voters never get it wrong.”
Quick hits
🎧 On today’s TDA podcast, Elliot and Emma explain how the ABC lost out on the million-dollar Bluey deal.
🏉 How did your footy team fare on the weekend? And how are the Aussies going in Italy’s biggest cycling race? Sign up to TDA Sport here to find out at 4:30pm this afternoon.
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I’ve got 2 minutes
Tomorrow, the Federal Government will hand down the 2026-27 Budget.
In simple terms, the budget shows how much the Government thinks it will make and spend over the next financial year and beyond.
Potential announcements in this year’s budget include reducing Capital Gains Tax (CGT) discounts, and changing rules around negative gearing and trusts.
Here’s your guide ahead of budget night.
Key terms
The difference between the amount the Government spends and the taxes it collects will determine if the budget is in surplus or deficit.
A surplus is when the Government has collected more money than it is spending. It’s what happens when the Government has leftover money after allocating funds to each of its projects.
A deficit is when the Government hasn’t collected enough taxes to fund everything it wants to. This means it needs to borrow money, which puts the Government in an interest-accruing debt.
Details around the budget are generally tightly held until the night, with the exception of a few press releases in the lead-up.
Last year, the Government forecast a deficit of $27.6 billion, meaning it planned to spend more than it earned through revenue-raising measures (tax).
The Treasury anticipated the country would record deficits for the next four years.
Inflation has also increased beyond the Reserve Bank’s target of 2-3%, reaching 4.6% in the 12 months to March.
While the official budget papers do not specifically point out “wins” or “losses”, media and lobby groups will often categorise groups of people or industries as “winners” or “losers“.
This could be because of funding allocated to certain projects, or areas that have been cut.
Sometimes whole demographics, e.g. Gen X, could be considered “losers”, or government portfolios, like Defence, might be categorised as “winners”.
What to expect
In the lead-up to this budget, journalists have mainly asked about changes to the CGT discount, negative gearing, and trusts.
The Government hasn’t ruled any of these changes out, including reducing the discount on the CGT, which applies when someone sells an asset, from 50% to 25%.
It has also confirmed it will spend $10 billion to shore up the national fuel reserves.
Lockup
TDA journos will be in Parliament House for Budget ‘lockup’, where media gets to preview the details early.
Here’s what will happen:
1.30pm – Hundreds of journalists hand their phones to Parliamentary staff and disconnect their computers from the internet.
For the next six hours, they read over the Budget papers and write stories, with no communication from the outside world.
7.30pm – The Treasurer gives a speech in Parliament outlining the Budget to the public. Journalists get their phones back and start publishing their stories.
TDA journos will be working from Parliament House tomorrow to cover the Budget. We'll bring you everything you need to know on Wednesday, and you can subscribe to the dedicated Finance newsletter here for even more analysis.
Reporting by Emily Donohoe.
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Give me some good news
An Australian-Indian dancer has become the first to perform a South Asian dance form at Sydney Dance Company (SDC).
Christopher Gurusamy is presenting his work 5 Arrows as part of the company’s INDance season. 5 Arrows is based on a well-known music piece from Bharatanatyam – a 2,000-year-old Indian classical dance form. Gurusamy’s work moves between lyrical dance and simple abstract movement, with a balance of tradition and contemporary pop. Gurusamy told TDA the opportunity to showcase his work at SDC, “feels like a paradigm shift for the future of what constitutes contemporary dance in this country.” He said: “By embracing cultural specificity, we somehow find we are more connected than we realise.”
Reporting by Pavitra Ravi.
TDA titbit
Credit: Yonhap News
Meet Gabi, the first robot monk in South Korea.
She arrived in ceremonial robes and flesh-coloured gloves on Wednesday (local time) at the Jogyesa Temple, even leading a procession of chanting monks ahead of Buddha’s birthday later this month.
She is also scheduled to take part in the Lotus Lantern Festival, a major celebration of Buddha’s birth.
During her initiation ceremony, the robot was asked whether she would devote herself to Buddha and his teachings, and replied each time, "Yes, I will devote myself”. Her name translates to “Buddha’s mercy”, which makes the answer feel fitting.
Reporting by Pavitra Ravi.
TDA asks
