AUSTRALIAN NEWSPAPER HIGHLIGHTS - FEB 2, 2001.

Publication: AsiaPulse News

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COPYRIGHT 2001 Asia Pulse Pty Ltd

SYDNEY, Feb 2 Asia Pulse - Highlights of today's newspapers:

THE DAILY TELEGRAPH

- Coronial inquest into the death of 16-year-old Jessica Michalik, who died after suffering a heart attack at Sydney's Big Day Out.

- Motorists groups renewed their attack on the Howard Government over fuel prices yesterday, describing the latest tax hike as "blatant profiteering".

- Home owners can look forward to a fall in average monthly mortgage repayments of up to $66 from next week after US rates fell for the second time in a month.

- Finance experts are divided about whether Australia should closely follow America's policy of aggressive rates cuts.

THE AUSTRALIAN

- The economy is facing a challenge as tough as the Asian turmoil of three years ago, Peter Costello signalled yesterday after the US Federal Reserve slashed interest rates to avert recession; Wagga Wagga farewell five young men who died when a train smashed into their car on Saturday; New Zealand's soldiers were hired out for $16 a day to dress up as hobbits for the film trilogy of Lord of the Rings.

- Rumblings of discontent within Coalition ranks over the refusal to freeze petrol excise re-emerged after yesterday's tax rise, with several MPs planning to take strong warnings of a voter backlash to Canberra...

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