Egypt to present its own peace proposals to Israel
In Cairo Egyptian officials announced Cairo will draft independent peace proposals after rejecting Israel's plan. Egypt demands an independent Palestinian state rather than self rule. A joint Israel Egypt committee will handle Palestine issues as talks continue in mid January. Begin returns to Israel after two days of talks in Ismailia.
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Israel Chief Warns Cabinet on Egypt Talks Deep Rift
Prime Minister Begin briefs his cabinet after two days of discussions in Ismailia with President Sadat. He says talks were successful but reveal deep differences over a Palestinian state in the West Bank and Gaza, internal self rule, Sinai settlements, and troop questions. Dayan notes a wide gap on Sinai future and concessions uncertain.
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Sadat accused by PLO over Sinai Golan deal
The Palestine Liberation Organisation denounces President Sadat at Ismailia accusing him of trading Egypt’s Sinai for giving up Arab claims to the Golan Heights and Palestine. PLO also condemns Begin and alleges a U.S. plot to surrender Arab lands for alliance with Israel. Damascus figures reiterate total Arab rejection of Ismailia talks.
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OECD sees 3% Australia growth and inflation easing to 8 percent
The OECD projects Australia will grow slightly over 3 percent next year driven by private consumption, investment, and improved trade, with inflation expected to fall by about three points to around 8 percent. Exports are seen rising about 12.5 percent and imports 6 percent, yielding a favorable trade balance near 1.5 billion.
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OECD
Australia
Aboriginal Senator Denied Service at Mount Isa Hotel
Senator Bonner, an Aboriginal, was refused service in a public bar at Boyd's Hotel Mount Isa. He says staff cited color and threatened a $5,000 fine under the Race Discrimination Act. The barmaid later served him after manager intervened, with the owner delaying an apology as Bonner vows to press the issue and repeat visits until next Tuesday.
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Australian inflation outlook among OECD peers
The Outlook projects Australia and Ireland as the only small countries likely to see a meaningful drop in price inflation next year. OECD-wide averages show next year at 7 percent for all countries, with major economies averaging 6.5 percent and 13 smaller nations around 10.5 percent.
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Japan
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Australia records road toll high at Christmas
Fifty-three people have died on Australia’s roads so far this Christmas with Victoria posting the highest toll at 21 after three deaths near Bendigo. Queensland has 15 deaths, NSW 14, ACT one and Western Australia one. SA, Tasmania, and the Northern Territory report none. Officials urged tougher penalties while traffic remained heavy but few major accidents were recorded in NSW ACT and coastal regions.
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