Good morning. It’s Tuesday, July 5, and here’s an overview of the latest news.
Disaster Recovery Payment for Flood Affected Communities
With significant rainfall in many watersheds in the past three days, some areas are expected to approach or exceed flood levels from the recent events of March 2021 and March and April this year.
Reserve Bank expected to raise cash interest
Diana Mousina, a senior economist at AMP Capital, told australiabusinessblog News that the reason the RBA is aggressive in raising rates is because of concerns that the inflation environment could spiral out of control.
“The reason the RBA is quite aggressive in raising rates is because it fears that the inflation environment could spiral out of control. And we could see inflation rise to a much higher rate than what the RBA itself is forecasting.”
July Fourth Parade Shooting Leaves Six Dead
Witnesses reported chaotic scenes of bodies covered in blankets lying in the street as people fled the sound of continuous gunfire.
At least six people have been killed after a gunman fired shots during an Independence Day parade in the Highland Park suburb of Chicago. Source: MONKEY † Name Y. Huh/AP
Police say they are looking for a young white man.
The FBI assists in the manhunt. Officials have confirmed that a rifle has been recovered at the scene.
Retirement home sued for alleged COVID-19 violations
A relative of a resident who died during the outbreak, Maxine Tilakes, told the ABC she welcomes the allegations.
WorkSafe Victoria alleges that in July 2020, after the home was notified of an employee who tested positive for COVID-19, St. Basil’s did not require employees to wear personal protective equipment, among other violations.
Kyrgios and Tomljanović advance to Wimbledon quarter-finals
It was a big day for Australian tennis, with four players in the last 16 draws for the first time since 1999.
Tomljanović defeated Alizé Cornet in three sets.