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SYDNEY, March 1 Asia Pulse - Highlights of today's newspapers:
THE AUSTRALIAN FINANCIAL REVIEW:
- Slashing government regulation and boosting productivity and competition could lift output by more than 10 per cent and generate an extra $100 billion over the next 25 years.
- Global sharemarkets fell sharply yesterday on worries of a potential slowdown in the United States economy and the prospect of tighter financial market controls in China crimping its growth.
- The major political parties clashed yesterday over who could deliver national consistency in schooling.
- Human Services Minister Ian Campbell will abandon a key feature of the government's $1.1 billion health and welfare smartcard if the compromise helps secure its approval in the senate.
- The sharemarket posted its biggest fall in more than 5-1/2 years yesterday amid a meltdown on global markets.