SIMON WALKER: Topping off the guru lists

Written by admin on 05/12/2018 Categories: 杭州桑拿

SIMON WALKER: That’s Life archive
杭州楼凤

THERE are certain times in every life when one wonders if one has been successful.

That time might arrive with a glance at one’s superannuation balance, and the dazzling lack of zeroes at the end of it.

Or it might be a glance at one’s waistline and how it’s impeding one’s view of one’s less-than-dazzling super statement. This might not be a bad thing.

Or it may come with a glance at one’s kids, who may or may not get out of juvie within the month.

We’re all different and it’s natural to look for ways to measure up, preferably with a sense of humour, because you might need it.

Inevitably, if you wonder long and hard enough, you’ll end up on the internet reading “guru lists”.

Those scientifically compiled tables of signs, omens, psychopathies arranged in no particular order by people who may have sold pyramid schemes in a former life.

Designed to inform if you are successful “in the now”, or likely to be in the soon-to-be-arriving now – that’s guru talk for “the future” – prior to death, which is a sure indicator you need a new guru.

You know the lists I’m talking about.

Guides like: “10 things you need to stop doing if you are going to be successful”.

I’m always surprised No1 on this type of list is not: Stop taking the piss out of these lists.

Or: “11 things you need to start doing if you are going to be successful.”

Getting off your arse and doing something rarely seems to get spelt out.

Then of course there’s the “12 signs you are successful and simply unaware of it.”

Often cited in the “13 hard-core pieces of evidence you’re in denial” list.

And rarely referred to in the “14.5 sociopathic tendencies of millionaires”.

That’s because millionaires are focused, they think big, they make mistakes (often with other people’s money) before making truckloads of their own.

Based on that standard they may be totally unaware that they are successful, but you’re not, courtesy of the guru lists you might want to copy in your darker moments.

Like when you contemplate your super balance.

Yes, you can get can transported out of your comfort zone reading these lists.

And usually, moving out of your comfort zone is No9 on such lists.

It’s all about manipulating misgivings. I mean, moulding mindsets.

That’s why I warmed to one I stumbled across the other day on a business-type “yeah baby, go for it” website.

It was called “20 Habits of Eventual Millionaires”.

This was a list I could get my teeth into because it combined the idea of being probably not that successful in the now with the possibility of being hopefully a bit more successful sometime in the soon-to-be-arriving now, prior to death.

I noticed early on that chewing your fingernails did not rate a mention as one of the habits.

But I read on anyhow because the suspense was killing me.

According to this particular guru it’s all about “Taking one ray of light and combining them all to become the sun”.

In fact, one was urged to put that concept to one’s 20-year-old self and ask him or her what constitutes success.

Knowing my 20-year-old self, I believe he may well have asked what I’d been smoking. And if I had any spare. But I got the gist of where this list was coming from.

Reverse engineering. Envisioning the end product, you, and working backwards through the process that led to its arrival.

If this process seems alarming, I suggest you refer back to the “12 signs you’re successful but unaware of it” before proceeding.

I did because I was struggling for claret at that moment. I mean clarity.

One trait top of the “20 habits of eventual millionaires” list I found easy to understand was: “Avoid death.”

String that one out as long as possible I would have thought. A little obvious but a good indication of the level of nitty gritty detail this guru was prepared to go into.

Gurus should never get too specific.

Another habit that didn’t seem so self-evident was: “Every day be around people who are kind to you and love you.”

Ironic in a Catch 22 type of way, depending on where you work and how things are going at home.

Which is OK because the next habit is: “Solve difficult gratitude problems.”

Apparently it helps to be grateful for things that really give you the gee willikers.

As the guru outlines, it’s the difference between being scared in a movie and saying, “wait, it’s just a movie”.

Except it’s not a movie.

Speaking of movies, the next habit is a shining light: “Write down 10 ideas a day.”

A great idea, unless that idea you’re writing repeatedly is, “All work and no play makes Jack a dull boy.”

Planting seeds is recommended because, according to my guru, 50 per cent of flowers come from 1 per cent of seeds.

I get lost when it comes to such garden variety mathematics, but I can’t help suspecting it could help when buying a Lotto ticket, and may also have applications regarding my super statement.

Hopefully that’s something I can measure up in the long term and tick off my guru list when it comes to signs of success.

Comments Off on SIMON WALKER: Topping off the guru lists

Refugees in Indonesia go on hunger strike to protest delays in resettlement

Written by admin on  Categories: 杭州桑拿

Refugees in Pekanbaru on the Indonesian island of Sumatra go on a hunger strike to protest against delays to their resettlement in a third country. Photo: Supplied The refugees in Pekanbaru come from Afghanistan, Pakistan, Somalia, Sudan and Myanmar. Photo: Supplied
杭州楼凤

The n government cut its refugee intake from Indonesia last year. Photo: Supplied

Jakarta: A group of 120 refugees stuck in Pekanbaru, on the Indonesian island of Sumatra, have gone on a hunger strike to protest their frustration over delays to their resettlement in a third country.

Ahmad Zaki, a Hazara refugee from Pakistan, said the refugees wanted the UN refugee agency to come to Pekanbaru to discuss their resettlement cases and open an office in the Sumatran city.

“We are waiting for our resettlement process from more than one year,” Mr Zaki said. “I want to go to or any other country.”

The men, who are from Afghanistan, Pakistan, Somalia, Sudan and Myanmar, have been found to be genuine refugees by the UNHCR. Their accommodation, medical care and a living stipend is paid for by the International Organisation of Migration.

“We tried to contact UNHCR many times. They make excuses every time. They reached other cities every two to three months regularly,” Mr Zaki said.

About 13,000 asylum seekers and refugees are registered with the UNHCR in Indonesia.

Many found to be genuine refugees remain stranded in the archipelago while the UNHCR tries to find a third country in which to resettle them.

In an interview with Fairfax Media last week, Indonesian Foreign Minister Retno Marsudi said Indonesia was not a destination country for refugees.

“So we hope that countries like could take more. But of course I understand the domestic situation,” she said. “Shared responsibility, shared burden is very important. I leave it to the UNCHR to have a discussion with destination countries that belong to the Convention [relating to the Status of Refugees].”

The UNCHR’s Indonesia representative, Thomas Vargas, strongly advised the men against the hunger strike. “It’s not going to solve their problem or have their resettlement cases expedited,” Mr Vargas said.

“It just causes a lot of problems and the possibility of harm to themselves, which we would consider to be terrible.”

Mr Vargas said resettlement was a long process, which could take up to two years in Indonesia due to the limited resettlement places available globally and the various procedures that needed to be completed to comply with requirements made by resettlement countries.

He said the UNHCR regularly visited all locations where refugees were in lndonesia and was about to post a few staff members permanently in Pekanbaru given the high volume.

However he warned this did not mean the resettlement process would move any quicker.

“The UNHCR can’t force countries to take refugees,” Mr Vargas said. He said the Syrian crisis made it even harder to find resettlement options for refugees coming out of Indonesia.

Former immigration minister Scott Morrison announced on November 18 last year that would cut its annual intake from Indonesia from 600 people to 450. He said anyone who registered with the UNHCR in Indonesia after July 1, 2014, would  not be eligible to come to . The intention, he said at the time, was to “drain the pool” of asylum seekers and refugees in Indonesia.

Mr Vargas said while this had had an impact, he was appreciative that continued to accept refugees who had registered with the UNHCR before July 1 last year.

He said resettlement was only one of a range of protection options.

“We recognise that a very small fraction of the refugee population globally will ever be resettled, which is why we also look at other options and appeal to governments for family reunification, temporary protection and providing labour [programs] for refugees to be able to take care of themselves.”

Comments Off on Refugees in Indonesia go on hunger strike to protest delays in resettlement

The Walk: One man’s extraordinary risks

Written by admin on  Categories: 杭州桑拿

Frenchman Philippe Petit walked across a cable that had been illegally strung between Manhattan’s Twin Towers in 1974.THE WALK (PG)
杭州楼凤

Stars: Joseph Gordon-Levitt, Charlotte Le Bon, Guillaume Baillargeon, Ben Kingsley, James Badge Dale

Director: Robert Zemeckis

Screening: General release

Rating: ★★★

THE true story of Philippe Petit – the Frenchman who kept onlookers enthralled for 45 minutes while he walked, sat and lay on a cable strung between the tops of Manhattan’s Twin Towers in 1974 – was told in James Marsh’s documentary Man on Wire (2008). It was a tale of a phenomenally brave and gifted obsessive, charismatic enough to draw others into helping him fulfil his lofty ambition.

But, like all obsessives, Petit found it hard to be grateful. And when it was all over, these loyal disciples fell to earth with a bump while he gave himself over to being adored by a much larger and louder audience.

Robert Zemeckis’ take on the Frenchman’s great adventure gets some of this right. Joseph Gordon-Levitt’s Petit is an impish charmer deaf and blind to anybody’s state of mind but his own. He crackles with nervous energy tempered, when necessary, by his mighty powers of concentration. But you get little sense of the hard-headedness that took him through six years of preparation.

Full of Gallic shrugs and merry montages, the early scenes have him as a whimsical clown working the streets of a Paris that looks as if it’s been plucked straight out of Amelie. Here, he meets Ben Kingsley as a circus aerialist extraordinaire and begins to learn from him.

Pretty soon he’s rehearsing for the big event with a wire walk between the spires of Notre Dame, and it’s not long before he’s off to New York with his devoted girlfriend, Annie Allix (Charlotte Le Bon), and a small team of pals willing to risk jail to help him get to the top of the towers.

I was so pleased to leave behind Zemeckis’ cloying vision of Paris that I didn’t mind the speed of all this. But once we’re in New York, we switch genres with a suddenness that’s a little disorienting.

We’re now in a caper movie, with the shift in worlds signalled by a score reminiscent of The Pink Panther. The group of conspirators take on more recruits, including a couple of stoners who look as if they’d be felled by vertigo if they attempted to stand upright, and a hardware-store salesman whose talents as a fast-talker are to prove indispensable when the time comes for the group to bluff their way into the tower building, disguised as workmen.

Such an enthusiastic embrace of the story’s more farcical elements does toss up some easy laughs but putting the group on a par with the Keystone Cops also limits the degree of sophistication that the script is able to bring to the interplay between their personalities.

And there was plenty to talk about. As Marsh’s documentary revealed, the strains, fears and disagreements within the group constituted a drama within the drama. But Zemeckis glosses them over with caricature. He’s making a fable here and the only person he’s really interested in is its hero.

So it’s basically a one-man show, with Levitt keeping the others entranced with his demands, explosions and propensity for taking extraordinary chances. His practical, methodical side is there, too, but more often than not, it’s upstaged by his theatricality. And, like any case of extreme self-absorption, his soon begins to bore.

But all these irritations fall away once the group get inside the Twin Towers and we’re confronted by the enormity of the task they’ve set themselves. As the buildings are closing for the night, they have to smuggle in their equipment, which includes a 200-kilogram cable, and get it on to the roof. And having done that, they have to evade the security guard while they work with their teammates on the roof of the other building to rig the cable.

This is what Zemeckis has been waiting for. His hallmark as a director is his passion for visual effects and his use of CGI and 3D is dazzling. I’m pleased to report there’s no hint of the religious in the sense of sublime you feel in Petit’s kinship with space, air and the slender cable beneath his feet. Even so, it is as if he’s consorting with angels.

The last shot is a homage to the lost towers, standing burnished by sunlight, and there’s a certain poignancy in it. But it’s Petit you’re thinking about.

Comments Off on The Walk: One man’s extraordinary risks

Bendigo backs refugee resettlement

Written by admin on 09/10/2019 Categories: 杭州桑拿

The successful integration of the Karen community into Bendigo meant the city’s urban areas had the support necessary for refugees.Bendigo could begin welcoming dozens of refugees within months after councillors decided to opt into a federal government resettlementscheme on Wednesday night.
Shanghai night field

City of Greater Bendigo councillorsvoted 7-1 to sign onto the Safe Haven Enterprise Visa (SHEV) program, which encourages asylum seekers in who arrived before July 2013 to seek work or study opportunities in rural and regional areas.

There are currently 9,605 people eligible for a SHEV living in Victoria and the city’sCommunity Partnerships manager Steven Abbott says he believes a state government decision on whether to opt into the program is imminent.

“We expect the number of people to successfully apply to come to Bendigo in this program to be in the dozens,” he said.

“And we expect it to be rolled out over coming months.”

MrAbbott said the new arrivals would bring a number of benefits to the city including new skills, innovation and cultural vibrancy.But, he said, Bendigo was hardly a pacesetter among rural Victoria in recognising those benefits.As of 14 September, 18 of 51 regional local government areas in the state invited to opt into the program had decided to do so in all of their postcodes. A further two LGAs decided to opt in some of their postcodes and seven had agreed to do so for a temporary period.

Bendigo councillors decided to opt in two of the city’spostcodes–3550 and 3555.Successful applicants for the visa will be expected to work or study for at least three-and-a-half of their five year visa in those postcodes, after which they will be eligibleto apply for other substantive visas.

Councillor Mark Weragoda, who emigratedfrom Sri Lanka14-year-old with his family, said the new arrivals would jump at the chance to contribute to the community.

“It’s about theimportance of giving somebody a go, an opportunity… thatold Aussie belief in a fair go,” he said.

“In 1975 my family was welcomed with open arms by a community which had the vision to give us an opportunity.”

Bendigo Advertiser

Comments Off on Bendigo backs refugee resettlement

Rugby World Cup 2015: Wallabies defence needs to get better against Scotland, says Nathan Grey

Written by admin on  Categories: 杭州桑拿

Tough times: n players celebrate after winning a penaty to relieve Welsh pressure on their tryline. Photo: Paul GilhamRWC Schedule: When is the Rugby World Cup final?Rugby World Cup interactive: your guide to every teamFull coverage of the 2015 Rugby World Cup
Shanghai night field

LONDON: It must be almost impossible to satisfy Wallabies defence guru Nathan Grey as he finds new ways to reinforce the n brick wall for their clash against Scotland on Sunday (Monday AEDT).

Just six days after the one of the most courageous and gutsy defensive efforts in Wallabies history – and boasting a side that has leaked just two tries in the tournament – Grey wants the players to rise to a new tackling level in a World Cup quarter final.

The Wallabies are still nursing some battered bodies after their superb tackling display against Wales last weekend, where they somehow survived seven minutes with just 13 players on the field.

Experts have lauded it as one of the greatest defensive performances of any n team as they held up Wales across the try-line four times and refused to wilt under pressure.

But Scotland pose a new threat and Grey says anyone still replaying the effort against Wales will be caught out by a Scotland team capable of scoring from anywhere.

“It’s not so much freshening them up. The guys are very good mentally,” defence coach Grey said.

There is a real clear understanding that we will need a better defensive effort going into the knockout stages of the tournament that we’re in.

“The guys have been training really well and we need to keep improving in each session.”

It’s hard to imagine a better defensive performance than that the Wallabies produced against Wales.

may have leaked just two tries, but Scotland have shown their attacking potency, scoring 14 tries in their four games.

That leaves them three behind the Wallabies’ try-scoring tally, but also had an 11-tries-to-nil rout against Uruguay.

In overall points, Scotland (136) is just five behind the Wallabies (141).

“Yeah for sure [we can defend better]. We still leaked points … six [against Wales] is too many as far as I’m concerned,” Grey said.

“We’re always searching for things that we can continually improve. The penalties we gave away are things we can control and we should’ve not been able to do that.

“The guys are under no illusion around we’ve got to continue to improve … we’ll take confidence out of performances we’ve had and that will set us up for our biggest game of the year.”

The Wallabies will name their team on Friday (Friday night AEDT) with coach Michael Cheika sweating on the fitness of injured duo Israel Folau and David Pocock.

Folau is expected to be ready to take his place at fullback after nursing an ankle injury for the past two weeks while Pocock is being given as long as possible to recovery from a calf injury.

Matt Giteau, who will play his 100th Test, has ticked all the boxes in his recovery from a concussion and has shown no lingering symptoms in his return to training.

Kurtley Beale and Ben McCalman loom as the men most likely to fill any holes if Folau and Pocock are unable to take their places, while vice-captain Michael Hooper is expected to make his comeback from suspension at openside flanker.

WORLD CUP QUARTER FINAL

Wallabies v Scotland at Twickenham, Sunday 4pm (Monday 2am AEDT).

Comments Off on Rugby World Cup 2015: Wallabies defence needs to get better against Scotland, says Nathan Grey

need2know: Positive lead from Wall St

Written by admin on  Categories: 杭州桑拿

US stocks advanced for the first time in three days as bank shares rebounded. Photo: Richard DrewLocal shares are poised to lift to end the week, boosted by renewed optimism on Wall St.
Shanghai night field

What you need2know

SPI futures up 42pts at 5247

AUD at 73.23 US cents, 87.10 Japanese yen, 64.41 Euro cents and 47.33 British pence

On Wall St, S&P 500 +1.5%, Dow +1.3%, Nasdaq +1.8%

In Europe, Stoxx 50 +1.5%, FTSE +1.1%, CAC +14%, DAX +1.5%

Spot gold down $US1.53 or 0.1% to $US1182.60/ounce

Brent crude down 44 US cents or 0.9% to $US48.71/barrel

Iron ore drops 2.5% to $US53.74 per tonne

What’s on today

Financial Stability Review; Bank of Japan governor Haruhiko Kuroda speaks at an event hosted by Japan’s National Credit Union Association: US capital flows, industrial production

Stocks in focus

Woodside Petroleum CEO Peter Coleman is maintaining that his company’s $11.65 billion bid for Oil Search is “very competitive” in the face of speculation his company will make a higher offer. “We’re known for capital discipline,” Coleman told reporters in Vancouver on Thursday

Deutsche Bank retains a “buy” rating on Aristocrat Leisure with the stock trading at an 18 per cent discount to DB’s valuation of $11.00 a share.

The world’s largest producer of zircon, Iluka Resources, says it is still tracking within its full year guidance despite challenging global economic conditions impacting its key markets.

Currencies

The US dollar strengthened, helped by stronger-than-expected underlying domestic inflation data. The greenback was up 0.4 per cent after a three-day slide against a basket of currencies, on track for its biggest gain since September 30. A 0.2 per cent rise in September core US consumer prices revived bets inflation is edging closer to the Federal Reserve’s 2 per cent target.

New instruments are needed to boost growth and inflation in the euro zone, European Central Bank policymaker Ewald Nowotny said. “We’re clearly missing our target,” Nowotny said. “The ECB is using monetary policy instruments available but in my view it’s quite obvious that … additional sets of instruments are necessary.”

An ex-Rabobank Groep trader testified that former-colleague Anthony Conti regularly agreed to manipulate the bank’s Libor submissions to help him make money. Lee Stewart, then a senior derivatives trader at the Dutch bank’s London desk, told a Manhattan jury Thursday he sat across the trading table from Conti and Anthony Allen, who are on trial together.

Commodities

Benchmark copper on the London Metal Exchange slid 0.3 per cent to $US5284.50 by 1520 GMT, after climbing to near a four-week high earlier in the session. Prices were weighed down by gains in the US dollar, which bounced from eight-week lows after surprisingly upbeat US consumer price data renewed sagging expectations that the Federal Reserve may raise interest rates this year.

The head of Antofagasta, the copper miner controlled by Chile’s richest family, believes prices of the metal are near a bottom as a modest pickup in Chinese demand next year is set to stem further declines. “It doesn’t look like it will go down more than what it is,” chief executive officer Diego Hernandez said in an interview in London on Thursday. Still, prices may remain flat through next year as a modest increase in Chinese demand is expected to absorb any supply increase, he said.

Goldman Sachs head of commodities research and commodities bear Jeff Currie said that he does not see the price of oil breaking above $US50 a barrel in the next year, but the chances of it dropping to $US20 are below 50 per cent. “A substantially oversupplied market makes it that much more difficult in terms of trying to complete the adjustment process going forward, but also reinforces our view that of a chance that we trade down to $20, that’s where we reach storage capacity constraints,” Currie said. “I’m bullish on oil, two to three years out. But I don’t know if I’m bullish from $20 to $50 a barrel, or from $40 to $70 a barrel, or from $50 to $100 a barrel … Until you have an equilibrium in all those other macro variables, you can’t talk about a stable equilibrium in oil,” he said.

United States

US stocks advanced for the first time in three days as bank shares rebounded amid Citigroup’s better-than-estimated results, touching off a rally that sent the Standard & Poor’s 500 Index to an eight-week high.

The mood toward bank stocks had an about-face since yesterday, lifting equity market sentiment as Citigroup’s 4.5 per cent climb paced banks’ best gain in a month. Biotechnology shares continued a rebound from Tuesday’s selloff, while energy jumped without help from oil prices.

“The best way to describe the bank earnings is they didn’t rock the boat,” said Michael Antonelli, an institutional equity sales trader and managing director at Robert W. Baird & Co. in Milwaukee. “Expectations around timing of the Fed action is really the prime driver of sentiment and the market right now. The Fed is the 800-pound gorilla.”

Netflix fell, after falling short on two important measures: subscriber growth and programming expenses. Blaming the slump on new credit and debit card technology, the online video service still expects to finish 2015 with net additions of about 6 million subscribers in the US, the fourth straight year of such gains.

Europe

European stocks snapped a three-day losing streak amid some better-than-expected earnings reports and investor speculation that poor economic data from around the world will persuade the Federal Reserve to put off raising rates for longer. “What bad news there is I think people are getting more confident that it can be dealt with by leaving policy looser for longer,” said Ben Kumar, who helps oversee about $US14 billion as an investment manager at Seven Investment Management in London. “There are some decent earnings reports coming through; there are some bad ones too, but that’s OK.”

Unilever added 3.6 per cent after the maker of Magnum ice cream posted better-than-estimated third-quarter sales growth. ProSiebenSat.1 Media SE gained 3.3 per cent after raising its 2018 revenue and earnings outlook because of faster growth in all its businesses. Man Group climbed 5.6 per cent after the world’s largest publicly traded hedge fund firm reported net inflows of $US1.4 billion for the third quarter, reversing two straight quarters of outflows.

Burberry Group tumbled 8 per cent, the most in three years, after the luxury-goods maker posted first-half revenue that trailed analysts’ estimates as sales declined in Asia. Sulzer slipped 1.8 per cent after the Swiss maker of pumps said it is budgeting for a drop in earnings of as much as 15 per cent this year because of a slowdown in China and the oil- and-gas market.

What happened yesterday

On Thursday, the benchmark ASX200 index rose 0.6 per cent to 5230.0 and the All Ordinaries was up 0.7 per cent to 5265.6. “I think the market is starting to price in a much better probability of an interest rate cut in November or December, and potentially another one in the first quarter of next year,” said Aurora Funds Management senior portfolio manager Sheridan Hure.

Comments Off on need2know: Positive lead from Wall St

Rugby World Cup 2015: All Blacks coach Steve Hansen drops Rainbow Warrior clanger

Written by admin on  Categories: 杭州桑拿

RWC Schedule: When is the Rugby World Cup final?Quarter-finals to be decided by omens, a 115kg horseman … and Serge Blanco?Rugby World Cup interactive: your guide to every teamFull coverage of the 2015 Rugby World Cup
Shanghai night field

All Blacks coach Steve Hansen could have chosen a more appropriate event than the Rainbow Warrior bombing to illustrate the close ties between New Zealand and France.

“There’s been a great relationship between the two countries for a long long time and apart from the Rainbow Warrior we’ve probably been on the same page most of the time,” Hansen said during a press conference to announce the All Blacks team to play France at Millennium Stadium on Sunday (6am AEDT).

While Hansen’s reference provoked plenty of laughter from French and New Zealand journalists alike at the Swansea Cricket and Football Club on Friday, there was nothing humorous about an incident which claimed a life 30 years ago.

In 1985 Dutch-Portuguese photographer Fernando Pereira was killed when French secret service agents blew up the Rainbow Warrior which was berthed in Auckland.

Two agents were later jailed for manslaughter over an event that strained New Zealand-France relations.

Hansen eventually got his intended message across, which was to explain the mutual respect between the two rugby loving nations, but not before international news agencies had seized on his quote in a bid to add spice to the All Blacks’ Rugby World Cup quarterfinal in Cardiff.

In fact, Hansen was heralding one of rugby’s great rivalries, one fuelled by France’s ability to beat the All Blacks in big matches, most notably famous World Cup wins in 1999, in the semifinal, and 2007, in the quarterfinal.

“We don’t limit it to the Rugby World Cup,” Hansen said.

“From a rugby point of view we’ve got similar athletes. France have always had great athletes.”

He made special mention of French second five-eighth Wesley Fofana and inspirational captain Thierry Dusautoir.

Hansen has named a vastly experienced All Blacks side containing 1295 caps including the return of captain Richie McCaw from injury for the knockout match.

“This is the time of the tournament when the big boys have got to stand up or we’re going home,” he said.

Stuff上海龙凤论坛.nz

Comments Off on Rugby World Cup 2015: All Blacks coach Steve Hansen drops Rainbow Warrior clanger

Anzac terror plot: Teenage girl romantically linked to would-be terrorist escapes jail time

Written by admin on  Categories: 杭州桑拿

The girl and her family outside the court in Manchester. Photo: Nick Miller This image of weapons, along with others of jihadists, were found on the girl’s phone by police. Photo: Supplied
Shanghai night field

Osama bin Laden and other jihadists, in an image discovered on the girl’s phone. Photo: Supplied

Manchester: A lonely 15-year-old girl from Manchester, neglected by her family and furious at racism, injustice and war, was lured into the world of radical Islam by a group of Islamic State supporters on Twitter, a court heard on Thursday.

She developed a romantic attachment to one – a teenage boy from a nearby city who revealed he was helping to plan an attack on an Anzac Day parade in Melbourne.

She told him she had “plans of her own”.

That boy was sentenced two weeks ago for inciting a terrorist attack on this year’s Anzac Day parade in Melbourne.

The key to police discovering the plot was when they found a screenshot of part of the plan that he had sent to the girl’s phone.

The girl, now 16, escaped a possible jail sentence on Thursday, instead ordered into a year-long program of supervision, mentoring and re-education. She had not been involved in the boy’s plot – instead she pleaded guilty to possessing two documents related to terrorism.

One was the Anarchist Cookbook, which she said she “vaguely” hoped would show her how to “hack into the White House”, and the other a recipe for a bomb that she wrote in a sketchbook.

Sitting court next to her mother, dressed in an olive shawl and headscarf, the girl, who cannot be named for legal reasons, pleaded with the judge not to send her to jail, saying she “wants to make the world a better place”.

She was now being helped to “see people as people”, she said. “I deeply regret what I have done and I wish to make changes. I can only make them if I get the chance to prove I am not a terrorist.”

After district judge Khalid Qureshi​ handed down the sentence, the girl smiled broadly at her family and legal team, clearly delighted at being given a second chance.

Judge Qureshi said a jail term would have been a “measure of last resort”. There was no evidence she had been involved in any terrorist plot, or had been seeking to radicalise anyone else, he said, and there was a “lack of any sophistication” in her offending.

“The serious issues within her domestic lifestyle led her to being particularly vulnerable and susceptible,” he said. “It is clear she has spent a considerable time thinking long and hard about her behaviour.

“It must be every parent’s nightmare to discover their child has been accessing material that they should not … sadly many parents are still ignorant of the dangers that easy and unrestricted access to the internet can pose.”

In most cases, he said, “a young person is likely to benefit from being given greater opportunity to learn from mistakes”.

In a letter to the court the girl had said: “I admit that what I did was really bad, I admit I have made mistakes, I know I can’t change the past but I hope I can change in the future.”

In relation to the boy, she had quoted from the Koran, saying “Oh woe to me, I wish I had not made ‘so and so’ an intimate friend”.

Prosecutor Rebecca Ledwidge told the court the teenage girl was arrested on April 3, as a result of investigations into the teenage boy.

Police found her Blackberry phone contained the Anarchist Cookbook, as well as images of weapons, IS symbols and flags, and radical figures including IS leader Abu Bakr al-Baghdadi and Osama bin Laden, and an article titled “A bomb in the kitchen of your mom”.

They also found a sketch pad in which the girl had written a recipe for explosives – she initially told police it was school work inspired by a children’s television program on fireworks.

The Cookbook contained sections on computer hacking as well as several viable explosive recipes, designed for someone to make a bomb without being detected, Ms Ledwidge said.

“The majority of the recipes are accurate and useful to a terrorist,” she said.

At school, the girl searched on the internet for information on IS, Jihadi John and other IS-related material.

But she did not make any plans for a terrorist attack, and had not been involved in the boy’s plan, Ms Ledwidge said.

They had bonded over shared views on religion and discussed travel to Syria to fight with IS. Of the more than 16,000 messages she exchanged with the boy, about 80 related to terrorism.

Defence lawyer Nasir Hafezi said this was “a unique case and a troubling one” – he was not aware of any previous terrorist case in any youth court in England or Wales.

He was confident the girl could be “punished and rehabilitated”, he said.

She had downloaded the Cookbook out of curiosity but initially found it a “boring read”, she told a psychiatrist.

She later downloaded it again because she was interested in hacking.

“I thought one day I might hack into the White House – I know it’s a stupid idea,” she said in a letter to the court.

She said she wrote out the bomb recipe because “I thought that online a lot of people were doing the same thing”.

Mr Hafezi read out a school essay written by the girl, in which she complained about “thousands killed every day by drones and coalition forces [in] pointless wars”, complained of atrocities in the Middle East and concluded that “action is needed”.

At home she was separated from her father and older sister, and “left to her own devices”, Mr Hafezi said.

She was a “very vulnerable young person” when she began seeking answers about religion.

She found a Twitter group that was advocating radical Islamism and she was “sought out on the internet and lured into an online world of violence”, Mr Hafezi said.

“She became obsessed with the idea of suicide bombing and the idea of being a martyr, which she viewed as a way out.

“She readily accepts [now] that she was in a fantasy world, with fantasy ideas.”

Since being arrested and charged the girl had responded well to mentoring, and “she has the potential and the intelligence to change”, Mr Hafezi said.

“She accepts she has made a stupid mistake and she wants a second chance.”

Outside the court, Mr Hafezi added that the case had ben a “sad milestone for the Youth Court”.

Young people today need guidance and support, he said. They need to be given the space to openly air their political views, and if those views are inappropriate or naive they should be challenged.

If they are not allowed to do so, “they could be vulnerable to being misguided by sinister people and messages they come across from the unregulated and dark places [of] the virtual world.”

Follow FairfaxForeign on Twitter

Follow FairfaxForeign on Facebook

Comments Off on Anzac terror plot: Teenage girl romantically linked to would-be terrorist escapes jail time

Capital Gain: VCAT approves shady Flinders Street tower

Written by admin on 08/09/2019 Categories: 杭州桑拿

Peter Singer was part of a consortium to pocket $2.7 million from the sale of a complex in Rowena Parade, Richmond. Photo: Michael Nagle
Shanghai night field

Caydon’s 14-level apartment at 443 Upper Heidelberg Road. Photo: Supplied

VCAT approved plans for a 25-level building above the old home of Fletcher Jones at 1-5 Queen Street.

VCAT approved plans for a 25-level building above the old home of Fletcher Jones at 1-5 Queen Street.

Peter Singer was part of a consortium to pocket $2.7 million from the sale of a complex in Rowena Parade, Richmond. Photo: Michael Nagle

Caydon’s 14-level apartment at 443 Upper Heidelberg Road. Photo: Supplied

VCAT approved plans for a 25-level building above the old home of Fletcher Jones at 1-5 Queen Street.

Peter Singer was part of a consortium to pocket $2.7 million from the sale of a complex in Rowena Parade, Richmond. Photo: Michael Nagle

Caydon’s 14-level apartment at 443 Upper Heidelberg Road. Photo: Supplied

VCAT approved plans for a 25-level building above the old home of Fletcher Jones at 1-5 Queen Street.

A proposed Flinders Street skyscraper which would cast a shadow over the Yarra River banks has been approved by the Victorian Civil and Administrative Tribunal after some cosmetic amendments and a (one-level) height reduction.

Malaysian developer Creative Wealth (Aust) Pty Ltd’s permitted 25-storey development may likely not be allowed under controversial new controls Planning Minister Richard Wynne was spruiking this week. The regulations would enforce, among other things, tower setbacks, density, a builder’s contribution to open space, and his own decision-making discretion.

Creative Wealth’s proposal is to replace blue-ribbon airspace over an existing three-level building, with a tower to rise a total of about 90 metres from the ground.

The 1873 Cobden Buildings, a structure known by the address of 1-5 Queen Street, will be restored externally to its 1955 state and partly act as a podium for the new tower, which would offer unobstructed views over the Banana Alley Vaults and Yarra River, Albert Park Lake and Port Phillip Bay.

The property was occupied from the mid-1950s until recently by clothing manufacturer Fletcher Jones.

A shadow test which accompanied Creative Wealth’s 26-level proposal last year showed the complex would shade part of the river precinct for three hours from 11am.

As well as a reduction in height, Creative Wealth’s revised tower is set back from the historic building more than it was in the 2014 application.

Across the Yarra River, in Southbank, riverside sites arguably more connected to waterfront public spaces have made way for skyscrapers twice the height of Creative Wealth’s proposal.

Creative paid $11 million for the 737-square metre site in 2012.

Another Major Brunswick Site Sale?

Melbourne businessman Tony Beris is speculated to have sold his outgoing and long-time company headquarters, ending an era in inner-north Brunswick.

Mr Beris, who moved to Melbourne in 1956 as an imitation jewellery salesman then went on to establish successful importing business Delta Sales, listed the 3667-square metre asset at 17-23 Hodgson Street earlier this year via agency TCI Teneketzis.

Despite its super size, the property is in a low-rise pocket of Brunswick and is unlikely to make way for a medium or high-rise development, according to sources. It was expected to exchange for a little over $10 million but this could not be confirmed with selling agent Jack Teneketzis​.

A deal would be the latest in a string for the suburb – just last week, a 2946-square metre Ballarat Street site sold for a speculated price of more than $8 million to a developer. A few weeks earlier, the neighbouring 3136-square metre property, on the corner of Ballarat and Ovens streets, exchanged for $8.3 million to an investor.

In his heyday, Mr Beris, now an octogenarian, distributed more than 850 tonnes of cheese and 250 tonnes of olive oil, imported to the Hodgson Street factory. For a period until the mid-1980s, Mr Beris was business partner with John Kotis, who went on to establish his own import business, Elco Foods.

Play Central Leases Bayside Building

Former merchant banker James McIntosh has leased one of Port Melbourne’s most prominent buildings for his latest business venture.

The 2000-square metre deal will see the former Mitchell Laminates site at 37-53 Crockford Street repurposed as a children’s entertainment venue, Play Central.

The Mitchell family recently rejected an offer to sell their vacated Port Melbourne site to a developer – the gentrifying suburb finding favour in recent years with builders able to buy commercial land cheap, then propose medium and high-density projects.

At least three towers of more than 35 levels are proposed for the Fishermans Bend area nearby.

A Mitchell spokesman said the presence of Play Central will enhance the evolving neighbourhood. The former laminates showroom will now include, among other things, a section for dodgem cars and another, with climbing apparatus.

Bayley Stuart’s Alasdair MacGillivray​ signed Play Central to the site.

Banyule Council Offers Public Land to Private Market

The Banyule City Council can expect just over $2 million from the sale of a Heidelberg West property earmarked for decades as a potential public housing site.

The 3319-square metre vacant tract known as 219 Southern Road abuts parkland near Darebin Creek, also the border with the more valuable suburb of Preston.

Knight Frank’s Tim Grant and Ken Smirk are marketing the property, which is also walking distance to the Northland Shopping Centre (a major bus hub).

Earlier this month local developer Caydon was permitted to build a controversial 14-level apartment building on an Upper Heidelberg Road, Ivanhoe, site which was until recently deemed to be in Heidelberg.

Church Sells Viewbank Land

An investor is paying just over $6.5 million for a 9370-square metre former church site in Viewbank, 15 kilometres north-east of the CBD.

The property at 19-35 Graham Road, zoned GRZ2 – which allows for a medium-density redevelopment – is currently configured with a church hall and seven self-contained units.

Offloaded by the New South Wales-registered Community of Christ Limited Pty Ltd, the site is a short walk from Banyule Creek and Viewbank Primary School, but some distance from the nearest train stations, Macleod and Rosanna.

Barry Plant Eltham agents Aaron Yeats and Jamin Silluzio​ settled on the deal within a week of expressions of interest campaign closing.

Icon Corners East Melbourne Site

Local developer Icon Property is paying a speculated $15 million for a relatively large corner block in East Melbourne – the suburb often said to carry the city’s highest land rate value, when measured per square metre.

The 1000-square metre plot at 30 Powlett Street, at the south-east intersection of George Street, is currently configured as a three-level hotel with 45 studio suites.

The asset was offered with a permit to add 13 rooms – though the property was expected to attract larger developers, like Icon, who may propose a new concept – including a lower-density, luxury development.

Carroll McKeddie’s Peter McKeddie​ and Kay & Burton’s Gerald Delany were the marketing agents.

Their deal comes six months after another local developer paid $13 million for a 709-square metre block at 132-142 Wellington Parade, on the corner of Powlett Street – a property now mooted to become a mid-rise apartment complex.

Nearby, in August, philosopher Peter Singer was part of a consortium to pocket $2.7 million from the sale of a Rowena Parade, Richmond, complex, configured as ten bedsit flats.

Email: [email protected]上海龙凤论坛m

Twitter: @marcpallisco

Comments Off on Capital Gain: VCAT approves shady Flinders Street tower

Shanghai Masters: Bernard Tomic upsets Richard Gasquet, to meet Novak Djokovic in quarter-final

Written by admin on  Categories: 杭州桑拿

Shanghai Having taken a significant step towards attaining his goal of a top-16 n Open seeding with a fine three-set upset of 11th seed Richard Gasquet, Bernard Tomic will face world No.1 Novak Djokovic on Friday for a place in his first Masters 1000 semi-final.
Shanghai night field

Tomic, who recently broke into the top 20 for the first time, claimed the late-night encounter on his third match point 6-3, 6-7(1-7), 6-4 at the Shanghai Rolex Masters to reach the last eight at one of the ATP’s showcase events for just the second time.

He served 19 aces among 47 winners and did not face a break-point until the penultimate game of a match that did not start until after 10pm and lasted two hours, 13 minutes.

“It’s not easy playing a guy you’ve lost to six times from the seven times you’ve played,” Tomic said. “I had to go out there changing my game. I served very good today and I kept on the baseline; normally against him I get pushed back and it’s the worst thing to allow myself against him.

“I’m attacking on the right points and I’m aggressive on the baseline, and that’s what’s causing me to play very good and I’m serving very well on top of that. So there’s a few areas I’d like to work on over the next few weeks, but for now it’s been pretty good and I have to go for it against Novak.

“The last eight matches, nine matches, he hasn’t gone worse than 6-3 in a set … it’s amazing the way he’s playing. I know in Wimbledon in the third round I played well but I had no chances and maybe my chances will come this time.”

The Queenslander, who turns 23 next week, has enjoyed a career-best season in which he has won 39 matches, successfully defended his Colombian Open title and reached the fourth round of the n Open. He will be seeded for the first time at Melbourne Park when he returns there in January.

Thursday’s defeat of Gasquet was just his second win in eight attempts against the Frenchman, Tomic having managed just eight games in the third round of last month’s US Open. His only other win came on grass in the third round at Wimbledon two years ago.

But this, too, is significant, for Masters 1000 tournaments rank below only the four grand slams and the ATP’s annual World Tour Finals in terms of prestige. Tomic has reached just one previous quarter-final at this level, but a back injury meant he was unable to take to the court against Djokovic at Indian Wells in March.

Including a straight-sets loss at Wimbledon this year, he is 0-4 head-to-head against the Serb great, who claimed his 10th grand slam title — and third of the season — at Flushing Meadows a month ago. Djokovic has won his past 15 matches, the most recent against Spanish veteran Feliciano Lopez 6-2, 6-3.

“Obviously it’s the worst time to finish, so I have to try as best as I can,” Tomic said. “I’m playing Novak, the worst thing now for me is I don’t have much recovery (time), but I (will) try my best.”

The winner will advance to a semi-final against either third seed and two-time Shanghai champion Andy Murray, who recovered to beat American John Isner 6-7 (4-7), 6-4, 6-4, or No.5 Tomas Berdych, who eliminated Gilles Simon.

From the bottom half of the draw, Rafael Nadal reached his second consecutive hardcourt quarter-final during what has traditionally been the Spaniard’s least successful part of the season, beating ninth seed Milos Raonic 6-3, 7-6(7-3). French Open champion Stan Wawrinka awaits.

Thursday’s major casualty was Asian poster boy Kei Nishikori, upset in two tie-breaks by improved South African Kevin Anderson, who will play 16th seed Jo-Wilfried Tsonga.

Linda Pearce is a guest of the Shanghai Rolex Masters.

Comments Off on Shanghai Masters: Bernard Tomic upsets Richard Gasquet, to meet Novak Djokovic in quarter-final

Books news and events: Drusilla Modjeska’s memoir, Wendy Whiteley’s garden and more

Written by admin on  Categories: 杭州桑拿

WHOSE STORY IS IT?
Shanghai night field

Speaking to Drusilla Modjeska​ about her new memoir, Second Half First, we touched on the complex ethics of life writing. As the author of two previous award-winning  “fictionalised” memoirs, Poppy and The Orchard, Modjeska has stuck to the facts and used real names in this account of her past 30 years. “It is a difficult line to draw,” she says of what to include or leave out. “You cannot tell your own story without talking about the people who have been part of forming you, all the people we’ve loved and known and worked with. But the contract of friendship and the intimacies of friendship are that they are private. I feel it’s not for me to tell, for instance, the [close friend] Sophie’s story or the story of Helen Garner’s marriage to Murray Bail. I can write about how Helen and Murray at different times have been significant in who I came to be and the writer I came to be, but I don’t think it’s right to go over the line and tell their story.” Modjeska doesn’t like the way Norwegian writer Karl Ove Knausgaard exposes people using their real names in his frank autobiographical novels, though she found the bestselling books interesting and readable. “Imagine if Knausgaard was in our world here, so we all knew the wife, the ex-girlfriend, everybody – it’s hair-raising really.” Modjeska sent her book to each person she writes about – friends, family, former lovers – and all have been generously happy with their portrayal even if their memories differ. Her approach seems a wise and clear guide for other memoirists, though not guaranteed to be trouble-free. I will be in conversation with Modjeska at Gleebooks on Thursday, October 22, at 6.30pm.

BOOK HELPS SAVE A GARDEN

Wonderful news that the NSW government will preserve – at least for 30-60 years – the magical public garden Wendy Whiteley created on railway-owned land at Lavender Bay after the death of her husband, artist Brett Whiteley, and daughter Arkie. Shared credit should go to writer Janet Hawley, whose beautiful new book, Wendy Whiteley and the Secret Garden, showcases the 20-year project, led to a recent ABC n Story and helped persuade the nature-living Premier Mike Baird of its importance after a private visit with Whiteley and Hawley. Hawley first wrote about the garden for Good Weekend in 2006 and the book, one of the last published by Julie Gibbs at Penguin’s Lantern imprint before its closure, already has almost 6500 copies in stores and has been reprinted.

AUSTRALIA’S SUPPORT VANISHES

Indigenous writer Philip McLaren is among the ns speaking at next week’s Asia Pacific Writers and Translators’ conference in Manila, titled Against the Grain: Dissidence, Dissonance and Difference. A Kamilaroi​ novelist and adjunct professor in Jumbunna Indigenous House of Learning at the University of Technology, Sydney, McLaren will give a keynote speech on “Grasping the Indigenous nettle and owning it”. Jane Camens, the n founder and executive director of APWT, says there is no n government funding for the event, which has been held in other Asian or n cities in the past seven years. Her proposal for three-year funding from the Department of Foreign Affairs and Trade was unsuccessful and the midyear round of Council funding – which had previously supported the event – was cancelled after budget cuts. Camens suspects the problem is that Manila is not an economic priority. Future gatherings will be held in Guangzhou, Jakarta and , so she hopes for government interest in an organisation that has built cross-cultural relationships among writers, translators, agents, publishers and creative writing teachers, and provided writers for Griffith Review’s recent New Asia Now issue.

Comments Off on Books news and events: Drusilla Modjeska’s memoir, Wendy Whiteley’s garden and more

Obese pregnant women pose challenge to anaesthetists

Written by admin on  Categories: 杭州桑拿

Rising obesity rates are presenting challenges in ‘s maternity wards, as anaesthetists report serious difficulties in administering pain relief to seriously overweight pregnant women.
Shanghai night field

Spinal taps to numb the lower body for the procedure took longer to administer in larger women giving birth through caesarean sections, lead researcher David Story said.

“The needle goes into the area below the spinal cord and it requires technical finesse,” Professor Story said. “This is one of the issues in obese women – it is harder to get the needles into the right spot because it is a lot harder to find the tips of the backbone.”

Tasmanian anaesthetist Nico​ Terblanche said epidurals, in which a tube is inserted into the spinal cord to numb lower body pain, had a high failure rate in morbidly obese patients.

In such pregnant women giving birth, he said build-ups of fat meant anaesthetists had trouble finding the gap between vertebrae where the eight-centimetre needle is inserted. It was also difficult to judge how deep to plunge the needle in very obese women on sense alone, and sometimes a longer one had to be used instead. The tube can then become dislodged during labour, leaving the woman in extreme pain until it can be re-inserted.

Dr Terblanche said using ultrasound technology to better visualise the area reduces these risks and has been researching new techniques to improve success rates in obese patients.

He said anaesthetists avoid putting obese pregnant women under general anaesthesia during childbirth as this can lead to further complications.

Professor Story, the chair of anaesthesia at the University of Melbourne, said ultrasound technology was also increasingly being used to guide spinal taps.

The University of Melbourne research found obese or very obese pregnant women needed to remain under the anaesthetist’s supervision for longer, incurring up to $450 in additional staff time costs for every birth.

It found a woman was typically monitored by anaesthetists for about 72 minutes during a C-section but obese women needed to be supervised for more than eight more minutes and very obese women for up to 18 more minutes.

Professor Story said obese and overweight women also spent longer under anaesthesia and obstetricians took longer to carry out the birth.

Obese or overweight women were more likely to give birth by caesarean section, he said, and made up about three in ten of the 1500 women involved in the study. One in twenty of those involved were classified as very obese, he said.

During the birth, anaesthetists also provide the woman with oxygen and monitor her heart rate, blood pressure and the success of the spinal injection.

n and New Zealand College of Anaesthetists president Genevieve Goulding said managing patients with obesity has become a key issue for anaesthetists over the past two decades.

Dr Goulding said the college was working on new guidelines for managing obese patients.

Fairfax Media reported earlier this year that anaesthetists were also finding obese children costly and difficult to care for before surgery. Paediatric anaesthetist Balvindar​ Kaur​ said some children were having intravenous lines inserted into their necks because a vein could not be found in their arms through layers of fat.

One in four n adults are obese, compared with one in five 20 years ago. The n National Preventive Health Agency figures also show that one in five children are obese.

Comments Off on Obese pregnant women pose challenge to anaesthetists

News Corp shareholders go easy with 24-minute ‘exertion’

Written by admin on  Categories: 杭州桑拿

Rupert Murdoch is not getting any younger, so it was touching to see News Corp shareholders taking it easy on their octogenarian chairman despite the latest attempt to prise the company from the iron grip of his family.
Shanghai night field

At Wednesday’s shareholder meeting in New York, the Murdochs managed to fend off the latest attempt to unwind the dual-class share structure that keeps them in control with a measly 14 per cent of the stock, and wind up proceedings in just 24 minutes.

That includes voting Rupert, James and Lachlan Murdoch back on to the board.

“See you next year I hope,” said a grateful, and obviously weary, Rupert.

The Sun King was not the only one feeling weary after the 24-minute exertion. Thursday afternoon local time, the company still hadn’t lodged the final vote tally on the latest insurrection.Training boss may get a lesson from investors

The Ivan Brown-run n Careers Network could not have chosen a better time to go into a five-week trading suspension to address a probe by the federal Department of Education into one of its training subsidiaries.

Smack dab in the middle of this halt is its annual general meeting.

With its share price now double last year’s IPO price – let’s overlook the rather twitchy suspension for now – it probably seemed like a good time to ask investors to approve the issue of performance rights to Brown, as well as the entire board including chairman Stephen Williams.

Apparently, the plan is designed to “provide an incentive for directors, senior management and other participants to focus on the medium and long-term performance outcomes of the company”.

Brown will do well if the share price does not tank following the outcome of its regulatory issues.

His $200,000 worth of “performance rights” has effectively doubled because it was priced in July when the stock was trading at half its present levels. Camp compo

Things are obviously going better than we thought at adventure-wear retailer Kathmandu.

All those inspirationally scenic photos littering the annual report could not camouflage the fact that new boss Xavier Simonet did rather well last financial year.

He was paid $136,267, including a $56,831 bonus.

The extraordinary bit was that he started at Kathmandu on June 29, which means he barely clocked up five weeks of work before the financial year ended at the end of July.

A note that the account does clarify the $56,831 cash bonus was a “sign-on bonus”.

And it would have made sense to pay it to Simonet as soon as he walked in the door.

After all, if Rod Duke’s Briscoe Group comes back with a successful bid for Kathmandu, the retailer would have faced the embarrassing prospect of reporting a CEO sign-on bonus, and termination payment, in the same annual report. Cash call

It’s hard not to laugh at the thought of a pay-day lender getting a taste of its own medicine, even if it is a mild one.

The Aussie-run global pay-day lender EZCorp, which is the biggest investor in our charmed little pawnbroker Cash Converters, has been hit with a hike in its own loan rates after an “event of default” on the terms of the $US230 million debt.

The default referred to is EZCorp’s failure to file its second-quarter financial accounts earlier this year due to problems from its Mexican accounting department. It has provided a wonderful welcome for former Myer CFO Mark Ashby.

EZCorp reported that the “sole remedy” to the breach is upping the interest rate on the Cash Convertible Senior Notes from 2.125 per cent to 2.625 per cent.

So it is still a bit short of the 160 per cent effective interest rate that Cash Converters allegedly charged local customers.

Things could get interesting for Ashby, and his boss – former Bank of Queensland CEO Stuart Grimshaw – if the account work is not filed by March 24 next year.

The noteholders can then demand the immediate payment of the $US230 million loan.

In other words, they might need a bit of cash in a hurry. At an appropriate rate, of course.

Got a tip? [email protected]上海龙凤论坛m.au

Comments Off on News Corp shareholders go easy with 24-minute ‘exertion’