Morning, everyone. It will cost more than family tax benefit, childcare or infrastructure. Welcome to the commonwealth debt as outlined by the treasurer today, coming in at an eye-watering $112bn over five years, or $60m a day. In better news, the government plans to scrap the Coalition’s ParentsNext program, and overseas, four Proud Boys have been found guilty of the US Capitol attack conspiracy.
Australia
‘Her calling’ | The father of Natasha Lechner, who died after undergoing “Kambo” treatment, has given moving testimony to her inquest, saying that he believes her generosity of spirit and interest in spirituality was behind her death after a ritual involving frog toxin.
ParentsNext axed | The Albanese government will scrap the controversial ParentsNext program from next year and stop compulsory obligations for participants immediately. The scheme, which imposed requirements on parents such as attending library story times with their children, was criticised by parent groups.
Debt ‘mess’ | Jim Chalmers says the country is “still paying the price” for the Coalition’s fiscal “mess” as he flagged one of the most punishing items in his forthcoming federal budget – the $60m-a-day cost of servicing the country’s debts.
Rental review | The NSW government expects a dozen councils will push for strict caps on Airbnbs and other short-term rentals if the planning minister decides to back the 60-day cap proposed for the Byron Bay area, in a move that could see a surge of rentals back on to the long-term market.
Crowning moment | Here is what you need to know about tomorrow’s coronation and to how to watch it in Australia. You might not see the RAF flypast though because it might get called off because of bad weather. And even ardent republicans might enjoy finding out about the bizarre jobs of royal insiders.
World
Capitol crime | Four members of the far-right Proud Boys group, including its former leader Enrique Tarrio, have been convicted of seditious conspiracy over the attack on the US Capitol in January 2021. Donald Trump has renewed his attacks against his civil trial for rape and defamation, calling it a “disgrace” built on false claims by his accuser, E Jean Carroll.
‘Lingering colonialism’ | The prime minister of Belize has criticised the refusal of his British counterpart, Rishi Sunak, to apologise for the slave trade, saying it was “quite likely” Belize would become a republic as the nation deals with “lingering colonialism”.
Banking fears | The California lender PacWest has sought to calm markets and said it is in talks with several potential investors as its shares plummeted by as much as 60%, reigniting fears about a US banking crisis.
Sheeran victory | Ed Sheeran is not liable for copyright infringement of Marvin Gaye’s Let’s Get It On on his song Thinking Out Loud, a jury in New York has decided, in a case that has been closely watched by the global entertainment industry.
Diplomatic spat | Italy’s foreign minister has scrapped a trip to Paris after taking offence when the French interior minister said the Italian prime minister, Giorgia Meloni, was “lying” about migration.
Full Story
Are young people being denied a fair go?
Today’s young Australians will be the first generation to have lower living standards than their parents. Guardian Australia’s editor-in-chief, Lenore Taylor, and deputy live news editor, Jo Tovey, discuss the generational divide.
In-depth
This year marks 100 years of Australia’s oldest and most prestigious portrait award, the Archibald prize. The winners down the years tell us a lot about how art has changed and a lot about the nation. So we’ve gone through more than a century of data and 6,000 finalists to discover what it says about being Australian.
Not the news
As her 18-year-old daughter prepares to go backpacking in Europe, the author Nova Weetman confronts her anxieties about seeing her child go off into the world and how her own mother must have felt when she went travelling in the days before text messages and emails. She decides she must be “supportive but not hovering. I want to be cool but not aloof. I want to be like the perfect travel guidebook.”
The world of sport
A-League | Western Sydney Wanderers have a chance to right some wrongs against Sydney FC tomorrow night when they meet in the playoffs in Parramatta.
AFL | The prospect of Tasmania finally getting an AFL team brings added focus to the improving prospects for the Gold Coast Suns, who take on Melbourne this weekend.
Football | It’s been a bad week for Paris St Germain after the loss to minnows Lorient and fans protests against superstars Lionel Messi and Neymar.
Media roundup
A “bitter rift” has opened between the former boss of state-owned power provider Snowy Hydro and energy minister Chris Bowen amid claims Labor’s green energy plans are “bullshit”, the ABC reports. A 1960s modernist house in Clontarf has been sold by two members of Cambodia’s ruling elite for $32.18m, almost three times what it last sold for in 2016, the Sydney Morning Herald says. And a lobby group is pushing a five-point plan to return the federal capital’s public transport system to its 80s heyday, the Canberra Times reports.
What’s happening today
Arts | The winners of the Archibald, Wynne and Sulman prizes for 2023 will be announced.
Victoria | A state funeral will be held for Bob Maguire in Melbourne.
Business | ANZ will publish its half-yearly results and Macquarie has its full-year figures.
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Brain teaser
And finally, here are the Guardian’s crosswords to keep you entertained throughout the day – with plenty more on the Guardian’s Puzzles app for iOS and Android. Until tomorrow.
