Your morning Briefing

Welcome to your morning digest of the top stories of the day.

Hello readers and welcome to your two-minute digest of what’s making news today.

23/05/2018. Reserve Bank Governor Philip Lowe, gives keynote address at the Australia-China Relations Institute at UTS in Sydney, followed by Q and A discussion with former politician Professor Bob Carr. Britta Campion / The Australian

Debt bomb

Reserve Bank governor Philip Lowe has declared China’s “complex, opaque and highly indebted” economy is a threat to financial stability and growth, laying bare the risk of “serious accidents” as the economic giant — Australia’s biggest trading partner — tries to curb its ballooning debts, writes Adam Creighton.

“The desire to hold assets in other countries will be strong ... If it’s on a much larger scale (than now), it would be problematic.”

Philp Lowe

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23/05/2018: Robyn Wheeler at home in Hamilton South, Newcastle, and at Bar Beach, Newcastle. To go with upcoming Hedley Thomas podcast on the disappearance of Lyn Dawson in 1982. Her husband at the time was Chris Dawson, a former Rugby League player. Robyn is a former student of Chris Dawson at Cromer High School in the early 1980s. Liam Driver for The Australian

Sex with students

At least six male teachers were having sex with teenage girls at a Sydney high school around the time murder suspect Chris Dawson taught there in the 1980s, ­according to a former student. Robyn Wheeler, a past Cromer High vice-captain, said a “pack” of teachers took advantage of young girls. She believes the school knew about their predatory behaviour but failed to stop it. Catch up on Hedley Thomas’s sensational, iTunes-topping podcast, The Teacher’s Pet, episode 1 now, and don’t miss episode 2 on Friday.

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Australian Prime Minister Malcolm Turnbull reacts during House of Representatives Question Time at Parliament House in Canberra, Wednesday, May 23, 2018. (AAP Image/Lukas Coch) NO ARCHIVING

Senate showdown

The scene is set for a Senate showdown over the government’s personal income tax cuts after they passed the lower house, with Scott Morrison revealing the cost of the first two phases of the package to be $102.35 billion over a decade. Keep up with all the latest from parliament in our live blog, PoliticsNow.

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20180523: The Australian: Canberra: Matt King, President of the ANU branch of the National Tertiary Education Union pose for a portrait at the ANU. King is wary that any funding for a new proposed course at ANU in Western Civilization may have influence over the academic composition of the course. Portrait by Sean Davey.

End of civilisation?

An unprecedented scholarship program to encourage the study of Western civilisation is facing a backlash from within the first university selected to participate, with staff and students accusing the philanthropic group behind it of pushing a “racist” and “radically conservative agenda”.

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Rod Clement Margin Call Cartoon for 24-05-2018. Version: Business Cartoon (1280x720 - Aspect ratio preserved, Canvas added)COPYRIGHT: The Australian's artists each have different copyright agreements in place regarding re-use of their work in other publications.Please seek advice from the artists themselves or the Managing Editor of The Australian regarding re-use.

McManus sore

ACTU secretary Sally McManus was sore about Margin Call’s exploration of her links to private equiteer Ben Gray’s $4.1 billion tilt at private healthcare operator Healthscope. At the insistence of Team McManus, let the record show: the head of Australia’s trade union movement has not given her consent for the $120bn ­industry fund giant Australian­Super to exclusively bid with Gray for the Paula Dwyer-chaired, ASX-listed Healthscope.So if McManus hasn’t given her consent to the industry fund’s partnership with private equity, has she given it her blessing?

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Melbourne Storm Coach Craig Bellamy speaks to the media at Melbourne Airport in Melbourne, Wednesday, May 23, 2018. (AAP Image/Daniel Pockett) NO ARCHIVING

Storm clouds

Melbourne owner Bart Campbell says they will fight to keep Craig Bellamy but ultimately they are at the coach’s mercy. Brisbane are hovering, their plan to entice Bellamy to the Broncos putting two of the biggest clubs in the game at loggerheads.

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Kudelka’s view

Jon Kudelka Letter Cartoon for 24-05-2018. Version: Letters Cartoon (1280x720 - Aspect ratio preserved, Canvas added)COPYRIGHT: The Australian's artists each have different copyright agreements in place regarding re-use of their work in other publications.Please seek advice from the artists themselves or the Managing Editor of The Australian regarding re-use.