A Royal tip. A flurry of bets from staff at Buckingham Palace has gone on the Queen’s horse Four Winds in the Hampton Court Stakes to be run at the Royal Ascot race meeting on Friday. The Queen’s first runner at the meeting will be Instalment which is 20/1 in the pre-post market for the Jersey Stakes.  The London Daily Telegraph reports that the Monarch is known to put wagers on her own horses.

Personally I would rather get a tip from Her Majesty’s personal staff about what she will wear on Ladies Day than what is expected of her six horses entered over the carnival which dates back to 1711 when Queen Anne drove from nearby Windsor Castle to Ascot with her entourage for a day’s sport organised at her command. Bookmakers have framed a market on the colour of Queen Elizabeth’s Ladies Day hat with yellow being the current favourite at 4/1.

Overnight, Australian speedster Scenic Blast, ridden by Steven Arnold, triumphed in the King’s Stand Stakes ahead of Fleeting Spirit and Anglezarke.

POLITICS AND ECONOMICS

Australia

The Senate

Property rescue plan falls over in SenateSydney Morning Herald

Ruddbank future unclear: Gillard – Sydney Morning Herald

Senate defeat for Rudd Bank – The Australian

Political life

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Portrait of Collins ‘offensive’ – According to the Opposition, the Northern Territory Government has “eulogised” a suspected pedophile by hanging his portrait in Parliament House – Northern Territory News

Bring out your dead and then sign here – the Northern Territory News reports that an NT politician tabled a petition to parliament containing the names of dead indigenous people.

Rudd may have job lined up for CostelloSydney Morning Herald

Kevin Rudd sounds out Peter Costello for new role – Sydney Daily Telegraph

Costello’s new job prospects – Melbourne Herald Sun

Dinner with Rudd can be yours for $20k – at Press Gallery mid-winter ball auction – Sydney Daily Telegraph

Budgets

NSW Budget 2009 – what a state we’re inSydney Daily Telegraph

Roozendaal Budget at a glanceSydney Daily Telegraph

State Budget boon for property buyersSydney Daily Telegraph

NSW Treasurer sees red and green turning blackSydney Morning Herald

Limiting pay rises to return to surplus? I’m not convinced – says Ross Gittins in the Sydney Morning Herald of the state budget

‘Beacon of hope’ NSW Budget derided as fantasyThe Australian

Nine years before surplus returns in QueenslandThe Australian

Sunshine State beats NSW as sickest – is the verdict on the state budgets by George Megalogenis in The Australian

Queensland budget
Queensland budget

`No good news’ in State Budget – Townsville Bulletin

Dole queues stretch as Bligh talks up jobs in BudgetBrisbane Courier Mail

Anna Bligh will spend like there’s no tomorrow – Craig Johnstone gives his verdict on the Queensland budget – Brisbane Courier Mail

Logan ratepayers face 6.8 percent rate rise – Brisbane Courier Mail

School rip-offs exposed as Rudd funds wasted – Brisbane Courier Mail

PM’s office rang principal before letter of praise – The Australian on education revolution grants

Banks

Commonwealth Bank scraps lavish staff partySydney Daily Telegraph

NAB, Westpac and St George lift fixed mortgage rates – Sydney Daily Telegraph

Racial relations

Bollywood producer Mohit Suri wants movie on Australian racist attacks on IndiansSydney Daily Telegraph

Industrial relations

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Building watchdog loses bite as unions welcome Gillard’s reformsThe Australian

Rudd stares down dissidents over IRMelbourne Age

Mowbray teachers to walk off job – Melbourne Age

A hint of strange things

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Full folly of ‘Dodgygate’ exposedAdelaide Advertiser on how Opposition Leader Martin Hamilton-Smith had no idea of the source of dodgy documents he used to accuse the Premier of corruption, a letter from his lawyer reveals.

Opinion

Early rate rises threaten recovery – writes Ross Gittins in the Sydney Morning Herald

Good Lord! At this rate he’ll be back in a few days – Annabel Crabb has some further thoughts on Peter Costello in the Sydney Morning Herald

A budget built on hope, not experience – editorial verdict of the Sydney Morning Herald on the NSW Budget

Want the genuine article? You’ve got Buckley’s – writes Shaun Carney in the Melbourne Age about Kevin Rudd

Questions to answer – Julia Gillard has much to explain about school spending says The Australian in an editorial

The great contender – Paul Kelly in The Australian farewells Peter Costello

A typhoon of unreason – Christian Kerr in The Australian finds that spending money in these days of global financial crisis, our rulers have decreed, is patriotic, no matter how badly – or madly – the spending is made.

Elsewhere

Iran

090617eveningstandardIran censors media to hide crushing of rebel protestorsLondon Evening Standard

Iran elections: Khamenei calls for calm as unrest grows – Fears of more violence mount as thousands of supporters and opponents of Ahmadinejad take to the streets of Tehran – The Guardian, UK

Iran opposition keeps up pressureBBC News

Huge’ opposition rally in Tehran – ABC News

Defiance Grows as Iran’s Leader Sets Vote Review – New York Times

BUSINESS

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MySpace cuts ‘bloated’ staffFinancial Times of London

Tax policies fuelled credit boom, says IMF on Tuesday as it suggested countries change their tax rules to reduce such incentives – Financial Times of London

THE ENVIRONMENT

Antarctic Ice shelves stable over six years The Australian says research shows

Reserves to replace lost grasslands in Victoria Melbourne Age

MEDIA

David Koch hosted Vioxx video for GPsThe Australian

Digital Britain: Landline users to pay £6 tax to fund broadband – Levy of 50p a month on every copper telephone line will help to pay for next-generation broadband – The Guardian

Digital Britain: winners and losers – “A small amount” of the £130m so-called digital surplus will fund ITV regional news pilots in Scotland, Wales and one English region between now and 2013. Post 2013, funding for independently financed news consortia which will deliver local TV services will come from a new “contained contestable element” of the licence fee – The Guardian

Twitter delays maintenance to support Iranian protests – Micro-blogging service Twitter has delayed downtime because of the role it is playing in post-election protests in Iran – The Guardian

ENVIRONMENT

LIFE

Children

Kids watch too much TV, eat too few vegetablesBrisbane Courier Mail

Swine flu

Rising number of nations report swine flu casesMelbourne Age

Rivalry

Melbourne hits back after Sydney says we cannot have World Cup final – Melbourne’s Herald Sun reports that Sydney has sunk the soccer boot into Melbourne in a weak attempt to claim the World Cup final for itself.

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Crowd control

NSW Police water cannon hasn’t fired a drop in angerSydney Daily Telegraph

Health care

‘Bogus’ healthcare providers namedAdelaide Advertiser

Law and order

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Des Moran gangland killing shapes as family affairThe Australian

Judy Moran dumped car, police tell court – Melbourne’s Herald Sun reports a fire has partly destroyed Judy Moran’s home, just hours after she was charged over the killing of Des Moran