Categories
Sports

Ben McEvoy calls time

Hawthorn Captain Ben McEvoy has called time on his decorated career, announcing his retirement at the end of the 2022 season.

The 33-year-old told teammates and coaches of his decision on Wednesday, drawing to close a memorable 15 years at the top level.

McEvoy will leave the game a dual-premiership player, having played in two of Hawthorn’s three-peat Grand Final wins in 2014 and 2015.

After being selected by St Kilda with Pick 9 in the 2007 national draft, the talented ruckman joined Hawthorn at the end of the 2013 season.

Widely celebrated as one of the league’s most courageous players, McEvoy quickly cemented himself as a fan-favorite and respected teammate in the brown and gold.

So much so, McEvoy was appointed Hawthorn captain ahead of the 2021 season, making him the first captain in the club’s history to begin his career at another club.

But arguably season 2022 has been McEvoy’s most remarkable, after being confronted with the enormous adversity of suffering a broken neck in a training session in March.

Demonstrating a relentless determination and tenacity, McEvoy spent more than 14 weeks on the sidelines completing a meticulous rehabilitation program to make a successful comeback in July.

Just weeks later, McEvoy would celebrate his 250-game milestone with his beloved family before making a call on his future.

“I have an enormous amount to be grateful for across my whole journey,” McEvoy said.

“Football can be a selfish existence at times and I am incredibly grateful for the unconditional support I have had from my family.

“I also want to thank my teammates, coaches, fitness staff, volunteers, and supporters, who have all contributed to me being able to perform at my best.

“I feel very privileged to have played out the career I have and still pinch myself as to how fortunate I have been.”

Head of Football Rob McCartney paid tribute to McEvoy following his decision to hang up the boots.

“Ben has made an enormous contribution during his nine years at Hawthorn,” McCartney said.

“A premiership player in 2014 and 2015, Ben’s ability to be among our most consistent performers across the journey has been quite remarkable.

“He will be remembered as a player who had a strong desire to compete.

“More importantly, Ben has always been totally selfless in nature, always willing to put the team in front of any individual benefit.

“I have no doubt through deeds and actions Ben has left the number 7 in a better place than when he received it.

“He will be remembered among Hawthorn’s greats, and we look forward to celebrating his final two games in the brown and gold.”

Categories
Australia

North-west Brisbane traffic and transport study draws heated debate between Labor state, LNP local governments

Queensland’s Transport Minister has described Brisbane City Council’s latest vision for a new toll road to relieve congestion in the city’s north-west as a “feeble fantasy” and a “farce”.

The six-lane tunnel, which would run between Bald Hills and connect with the Airport Link at Kedron, was part of the outcome of a $10 million federally-funded study undertaken over two years by the council.

It found northern Brisbane’s annual congestion and public transport crowding was costing $312 million per year.

That would rise to $538.5m by 2031 and $859m by 2041.

The study found significant community opposition towards any surface road or rail development through the North West Transport Corridor, which had been reserved by the state government since the 1980s.

Main Roads Minister Mark Bailey speaks to the media at a press conference on the Gold Coast on April 10, 2018.
Mr Bailey says the council had to cancel big projects yet released a study which recommended multi-billion-dollar road network infrastructure builds.(ABC News: Ashleigh Stevenson)

But Transport and Main Roads Minister Mark Bailey said the major toll road had been costed with “no funding, no consultation with other levels of government, and no idea how to fix congestion.”

He also criticized the council’s decision to cut projects in its June budget, citing the cost of rebuilding from February’s floods, yet unveil billions of dollars in new road infrastructure via the north-west transport study.

“Only a month ago, Lord Mayor Adrian Schrinner was saying the council was broke and had to cut a lot of projects citywide and now they have a plan to spend $25 billion on new tollways and motorways,” Mr Bailey said.

“It is very clear this tired 20-year-old council is out of touch and out of ideas.

Man with light blonde hair stands at reading with microphones
Cr Schrinner has defended the study saying it offered solutions to a growing problem.(ABC News: Alicia Nally)

“Recently, Lord Mayor Adrian Schrinner cut the North Brisbane Bikeway, cut upgrades to Mowbray Park, and refused to pay a fair share for the Cooper Plains level crossing removal because they are so broke, and yet here he is spending like a drunken sailor with his ridiculous $14 billion toll road plan.

“The state government had no input into the study that was funded by the former Morrison Government despite the state government owning the corridor which shows what a farce this announcement is.

“The immediate focus should be on upgrading services on Gympie Road, which we are already doing through the $72 million Northern Transitway project which we are fully funded.

“The study entirely ignores that project.

“Tell the Lord Mayor he is dreaming.”

‘Doing nothing not an option’

Yet, Cr Schrinner said the council had “done some planning work to assist” in reducing congestion in a burgeoning part of the city.

He also hit back at the state for setting aside land and not using it to improve transport networks.

artist impression of Gympie Rd transport upgrade
An artist’s impression shows a Gympie Rd precinct as part of north-west transport corridor improvement.(Supplied: Brisbane City Council)

“We’re concerned about what we see as a black hole for investment for infrastructure from the state government for the north-west suburbs,” Cr Schrinner said.

“That land was intended to be a transport corridor yet it has disappeared from any infrastructure plans and residents are asking what is going to happen in the north-western suburbs. The area is growing and there are no plans from the state government coming out.

.

Categories
US

‘Daily Show’ Mocks Marjorie Taylor Greene’s ‘Hilarious’ Jan. 6 CPAC Performance Art

On Monday night’s DailyShowTrevor Noah used a good portion of his opening monologue to focus on this past weekend’s “special tribute” to the imprisoned Jan. 6 rioters at CPAC in Texas that he jokingly described as “very moving and not at all hilarious.”

The host was talking about a bizarre performance art piece in which an actor in an orange jumpsuit sat in a fake prison cell and openly wept to bring the plight of the insurrectionists to life for the conservative conference attendees. Among them was Rep. Marjorie Taylor Greene (R-GA) who entered the cage to pray with him.

“OK, wait, wait, wait,” Noah said. “Help me understand the logic here. Marjorie Taylor Greene is praying for a fake prisoner? Who is this lady? Emphasizing that “this is a person who is actually part of running your country,” he added, “she must have the hardest time at Broadway shows. ‘They killed Hamilton!’”

In Greene’s “defense,” the host said the actor must have really “committed” to the role, shedding real tears for hour upon hour. “Which, in a way, is a powerful performance art,” he said. “Because isn’t that what conservatism has turned into in America? It’s just people in MAGA hats acting like they’re victims?” Noah mock-cried as he said, “There’s fewer white people now than there used to be…but we still have all the power…”

And as if this story couldn’t get any “crazier,” Noah then revealed that the actor playing the prisoner was an actual Jan. 6 rioter who pleaded guilty and avoided incarceration by “snitching on the other rioters.”

“So, yeah, just so you understand, this dude is pretending to be a prisoner that he helped send to prison!” I have added. “This is wild!”

For more, listen and subscribe to The Last Laugh podcast.

.

Categories
Business

MG7 luxury sedan will take on Audi A7, BMW Gran Coupe

MG plans to take its brand up-market with a prestige sedan to accompany its upcoming sports car.

Not content with taking on the likes of Mazda’s MX-5 and the Porsche Boxster with its new convertible based on the MG Cyberster concept, the brand has its eye on high-end European machines.

A new “Black Label” sub-brand will offer more luxurious models than MG’s usual fare.

While it won’t be a brand in its own right, like Toyota’s Lexus or Hyundai’s Genesis, MG’s Black Label will represent a step beyond its current range of affordable hatchbacks and SUVs.

Chinese customers will get first dibs on the new range, starting with the MG7 sedan revealed this week.

Wearing a four-door coupe body similar to Audi’s A7 or BMW’s Gran Coupes, the MG7’s sophisticated shape takes the brand into new territory.

We haven’t seen the interior but you can bet it will build on the high-tech features found in MG’s regular line-up – delivering crisp digital displays, impressive driver aids, multi-coloured ambient lighting and much more.

A duck-tail bootlid transforms into a pop-up rear spoiler similar to Porsche’s Panamera and enormous quad exhaust tips suggest power could come from a muscular petrol engine.

Technical details surrounding the car are slim.

Car News China suggests the model will have a four-cylinder turbo engine with 189kW and 405Nm, positioning the MG7 closer to Volkswagen’s Arteon than Audi’s RS7.

MG’s Australian arm intends to ramp up its premium appeal with the new sports car, but the first Black Label machine is unlikely to make a local debut.

A spokesman for the brand said “we are constantly listening to the needs and wants of our customers, but at this stage, we will not be bringing the MG7 into the Australian or NZ market”.

.

Categories
Technology

Intel Tejas Project: Pentium 5 CPU at 7GHz to 10GHz story explored

If you’re old enough then you’ll remember the GHz race of the day between Intel and AMD, the race towards 1000MHz (1GHz) was a huge deal… and then we went to dual-core CPUs, and the Pentium brand was left behind for entry-level CPUs in the last decade.

Intel Texas Project: Pentium 5 CPU at 7GHz to 10GHz story explored 03 |  TweakTown.com

But man, did Intel have a huge plan for the Pentium CPU family with Project Tejas and Jayhawk, where after all of these years we’re hearing about the next-gen Pentium 5 projects that were headed towards 7GHz. Intel kicked off Project Tejas in 2003, expected in 2004 and later pushed into 2005 after issues forced Intel to redesign the chip. Before the company could do that, the Tejas Project was shelved on May 7, 2004.

Intel Prescott CPUs could hit 5GHz+ but had huge power and temperature numbers, but Tejas was expected to clock higher than Prescott — with Intel chasing the huge 10GHz CPU clocks within 10 years between 2000 and 2011 — but it ended up not happening at all . AnandTech was the last to report on the Tejas processor, but now Fully Buffered has a new video after getting his hands-on Tejas and Jayhawk processors from John Culver of CPU Shack (eBay) for an “undisclosed amount” of money.

Steve Fischer was one of the Intel engineers that worked on the Tejas and Jayhawk CPUs, who explained: “Tejas was primarily led and developed by an engineering team based in Austin, and the Folsom processor development team playing a large existing role. Folsom had more is and designed for manufacturability expertise based on earlier P6 and P4 derivative product developments, while the Austin team was newer to intel but with some different microarchitecture expertise brought in from the outside like former Power PC engineers.“.

Fischer continued: “I came into this project late having spent a couple of years doing something completely different at one of intel’s acquisitions during the .com boom […] after returning to intel I focused on microcode development. With these efforts are first being applied on Prescott and then later on Tejas the latest and greatest P4 product. The thing had a pipeline depth of around 50 stages and an expected clock target at one point north of 7 GHz“.

I call the thing “the Death Star of processors” and half-jokingly reasoned that consumer acceptance of liquid-cooled chassis would not be a big deal. By mid-2004, I believe I’d moved on to lead the microarchitecture activities [at Intel]“.

.

Categories
Entertainment

Olivia Newton-John’s heartbreak when husband Matt Lattanzi ran off with babysitter Cindy Jessup

Olivia Newton-John’s first marriage ended in heartbreak when her husband ran off with the couple’s young babysitter while the singer was fighting breast cancer.

Dancer Matt Lattanzi split with Newton-John after he was confronted over his ‘very close’ relationship with Cindy Jessup, then 23, during a cancer charity cycle ride.

The Aussie legend divorced him in 1995 and Lattanzi, then 40, married his young lover two years later – but Newton-John refused to be bitter over the split.

“She’s delighted,” a friend insisted to reporters at the time of the wedding.

‘It looks bad, because Cindy would often babysit his daughter and she was a friend of his and Olivia’s – but in those days there was no romance.’

Olivia Newton-John's first marriage ended in heartbreak when husband Matt Lattanzi (right) ran off with the couple's young babysitter Cindy Jessup (left) while the singer was fighting breast cancer

Olivia Newton-John’s first marriage ended in heartbreak when husband Matt Lattanzi (right) ran off with the couple’s young babysitter Cindy Jessup (left) while the singer was fighting breast cancer

Newton-John married American Lattanzi – 11 years younger than her – after the pair met on the set of Xanadu in 1980 when she was 32 and he was 21.

Despite the age gap, they immediately had chemistry, Newton-John revealed, and dated for four years before getting married in 1984 and had daughter Chloe in 1986.

But the marriage hit the rocks after the singer’s cancer diagnosis in 1992 and she put her career on ice to focus on her recovery.

The couple left their home in Malibu, California to move to the tranquility of their farm near idyllic Byron Bay in northern NSW, but the move ultimately killed their marriage.

‘When I had breast cancer I thought then that would be it,’ she admitted to the Daily Mail in 2005.

‘I went to my farm near Byron Bay and seriously thought about retiring.’

Newton-John married American Lattanzi - 11 years younger than her - after the pair met on the set of Xanadu in 1980 when she was 32 and he was 21

Newton-John married American Lattanzi – 11 years younger than her – after the pair met on the set of Xanadu in 1980 when she was 32 and he was 21

Lattanzi was starring in Aussie soap Paradise Beach in 1993 when the busy couple hired Jessup to help look after Chloe and she quickly became part of the family.

Jessup cycled from Sydney to Perth in 1994 in aid of Newton-John’s charity, supported on the three-month journey by the singer and her husband.

But Newton-John began to have suspicions about the relationship between Jessup and Lattanzi – and reportedly confronted him in an agonizing showdown.

The row led to Lattanzi moving in with Jessup and divorcing the singer in 1995 before he married his former babysitter in 1997, when he was 40 and she was 28.

‘I am so fortunate,’ he said at the time. ‘I couldn’t ask for a better outcome.’

Olivia Newton-John and Matt Lattanzi hired Cindy Jessup (left) to help look after daughter Chloe and she quickly became part of the family

Olivia Newton-John and Matt Lattanzi hired Cindy Jessup (left) to help look after daughter Chloe and she quickly became part of the family

Newton-John continued to blame her fight with cancer for what she said was the inevitable end of her marriage, and not her husband’s love for the babysitter.

‘I think our marriage would have eventually come to an end, but it happened sooner because of the cancer, which was a good thing,’ she told the Daily Mail.

‘It was very painful, but we were never at odds with each other.

‘We have tried to remain friendly because we have a child and we made a pact that she was the most important thing in our lives and that we would never fight over her.

‘What happened between us was between us, and we wouldn’t allow it to affect her.’

She added: ‘Divorce is never all right. Everybody wants the happy ending and the white picket fence, particularly me.

Olivia Newton-John continued to blame her fight with cancer for what she said was the inevitable end of her marriage, and not husband Matt Lattanzi's love for their babysitter

Olivia Newton-John continued to blame her fight with cancer for what she said was the inevitable end of her marriage, and not husband Matt Lattanzi’s love for their babysitter

‘My own parents divorced when I was 10 and, maybe because of that, I kept putting marriage off.

‘When I did get married, I wanted it to last for ever, but that wasn’t to be.’

It was not to last for Jessup and Lattanzi either, with the couple splitting after 10 years of marriage in 2007.

Jessup’s acting career was brief and uneventful too, appearing in a little-known one-hour videos Prescription for Peril in 1999 and Tied Up All Night in 2000.

Lattanzi’s career – which saw him appear in Grease 2, starring Michelle Pfeiffer in 1982, the flop follow up to Newton-John and John Travolta’s original global smash – also ground to a halt in the wake of his split with Newton-John.

He never worked again on screen following his Paradise Beach stint in 1993 and is now 63, remarried, and living in Oregon in the US.

His third wife Michelle was diagnosed with colon cancer in 2014 but is in remission and the couple now run the 115-acre Laughing Dog medicinal cannabis farm.

Matt Lattazni, seen here with daughter Chloe, now runs a cannabis farm in Oregon with third wife Michelle, who was also diagnosed with cancer in 2014

Matt Lattazni, seen here with daughter Chloe, now runs a cannabis farm in Oregon with third wife Michelle, who was also diagnosed with cancer in 2014

Michelle Lattanzi paid tribute to her husband’s ex-wife on social media on Tuesday, saying the world had lost an icon.

‘Today we lost one of the world’s greats Olivia Newton-John,’ she posted on behalf of the couple.

‘Matt and I are so overwhelmed with the love and gratitude shared with us by friends, family and a deeply loving community of fans who will all miss Olivia’s presence in this world.

‘I have heard truly lovely stories and memories from people near and far, and honor in each of you where those feelings and memories come from.

‘Nothing will replace the icon we lost, yet her legacy is alive and well in our hearts and memories, as well as her contributions to our global culture, her beloved daughter Chloe Lattanzi, and her cancer research and wellness center in Melbourne.

‘Please honor your sadness, and then celebrate the joy that Olivia’s heart and lifetime achievements endowed in our world.

‘Sending all kinds of love.’

.

Categories
Sports

Paul Gallen press conference, two fights in one night, Justin Hodges, Ben Hannant, when is it, where is it, how to watch

Justin Hodges has lit a fuse ahead of his fight against Paul Gallen, declaring he’d knock the Blues legend out “easy” and provided a brutal reminder of who won more Origin series.

Gallen will fight Queensland legends Hodges and Ben Hannan on the same night in what promises to be an epic boxing extravanganza at the Nissan Arena in Brisbane on September 15.

Watch Boxing Live & On-Demand on Kayo. Selected international fights, classic bouts and more. New to Kayo? Start your free trial now >

And just as there was bad blood as footy players in the feisty Origin clashes, it seems that no love has been lost since all three talked the talk at the press conference.

Gal made a wild bet that if Hodges put $10,000 on the line and knocked the Sharks great out, Hodges would receive $50,000.

“Put your money where your mouth is, put your balls on the line,” Gallen said.

“Have $10,000 on it. I’ll give you five-to-one.

“You’re not man enough… Shake my hand on $10,000. Shake my hand on the $10,000 bet.”

Hodges hit back with a cutting reply.

“I beat you in every series at Origin,” Hodges said.

Gal & Hodges trade insults over 50k bet | 01:28

MORE COVERAGE

‘That’s an outrage’: Aussie boxer left stunned after bout controversially waved off

‘Floyd Mayweather before there was Floyd’: Calls for State Funeral for icon who ‘changed Australia’

‘He isn’t the biggest draw’: Famous boxing promoter’s bold Tyson Fury call

“I’ll knock you out easy.”

The Broncos legend was also blunt as to how the fight would end.

“I’m going to knock him out,” Hodges said.

“That’s what I’m training for.

“I’ve been working my guts off the last couple of fights preparing myself to what I need to go to.

“I know at some stage he likes to walk forward and that’s going to suit me to a tee, I’m going to catch him.

“I’ll see you in a couple of weeks.”

Ben Hannant was the first man to fan the flames when the former NRL star described Gal as someone who’s more “like a Queenslander” than the proud New South Welshman that he is.

“The most hated New South Welshman in history would have to be Paul Gallen,” Hannant said.

“The reason why is because what he brings. He’s actually like a Queenslander, to be honest.”

Gallen smoked: “Please don’t disrespect me like that. Come on.”

Hannant explained his claim further.

“He puts in effort, he keeps showing up, he never gives up,” Hannant said.

“Against everyone that he goes up against, he thinks he can beat.”

Justin Hodges and Ben Hannant will both fight Paul Gallen on the same night.  Picture: Scott's Shotz.
Justin Hodges and Ben Hannant will both fight Paul Gallen on the same night. Picture: Scott’s Shotz.Source: Supplied

.

Categories
Australia

Peter Dansie allowed to appeal against his conviction for murdering his wife who drowned in an Adelaide pond

Australia’s highest court has allowed a man found guilty of murdering his wife by pushing her wheelchair into a pond to appeal against his conviction.

Peter Rex Dansie, 73, was sentenced to life in prison for killing his wife, Helen Dansie, in Adelaide’s southern parklands.

Mrs Dansie drowned in a pond in Veale Gardens in April 2017.

Dansie lost a bid to appeal his conviction in South Australia’s Court of Criminal Appeal two years ago.

Today, two High Court judges dismissed Dansie’s application to appeal, but Justice Kevin Nicholson said he would have quashed the conviction as the evidence did not rule out the possibility that Mrs Dansie might have accidentally drowned.

“It would be dangerous in all the circumstances to allow the verdict of guilty of murder to stand,” Justice Nicholson said.

The High Court then granted Dansie’s application for special leave to appeal the majority decision of South Australia’s appeal court.

Helen Dansie smiling.
Helen Dansie drowned in a pond at Veale Gardens in Adelaide in 2017.(Supplied: SA Police)

The High Court unanimously found South Australia’s Court of Criminal Appeal misapplied the law and has allowed Dansie to appeal against his conviction.

The matter will be remitted to the South Australian Supreme Court for rehearing.

In allowing the appeal, the High Court said the Supreme Court needed “more than mere satisfaction” to prove guilt beyond reasonable doubt.

“The appellant argues that the majority (of the Court of Criminal Appeal) misinterpreted and misapplied the approach required to be taken,” the judgment said.

“The appellant’s argument is well founded.

“The appeal must be allowed.

“What each member of the Court of Criminal Appeal needed to do in order to apply the test … was to ask whether he was independently satisfied as a result of his own assessment of the whole of the evidence added at the trial that the only rational inference available on that evidence was that the appellant deliberately pushed the wheelchair into the pond with intent to drown his wife.”

Divers in Veale Park pond
Police divers searching evidence in the pond at Veale Gardens in 2017.(Supplied: ABC News)

Mrs Dansie’s son Grant said he was “massively disappointed” the appeal had been granted.

“It’s like a never-ending story,” he said.

Dansie previously lost appeal

When Dansie was sentenced to a non-parole period of 25 years two years ago, Justice David Lovell said Mrs Dansie’s murder was the “ultimate act of domestic violence” and described it as an “evil and despicable act”.

“This was a chilling, planned murder of a person whose only mistake was to trust you,” he said.

During the trial, prosecutors alleged Dansie murdered his wife because he regarded her as a cost burden.

Mrs Dansie, a former microbiologist, suffered a stroke in the 1990s that left her with long-term disabilities.

The court at the time heard she was on an indexed pension for life, a large portion of which Mr Dansie was entitled to as her full-time carer.

Justice Lovell established a “dual motive” for the murder—a deterioration in Dansie’s feelings for his wife and an interest in pursuing a sexual relationship with another woman overseas.

.

Categories
US

Garland Becomes Trump’s Target After FBI’s Mar-a-Lago Search

The FBI had scarcely decamped from Mar-a-Lago when former President Donald J. Trump’s allies, led by Representative Kevin McCarthy of California, began a bombardment of vitriol and threats against the man they see as a foe and foil: Attorney General Merrick B Garland.

Mr. Garland, a bookish former judge who during his unsuccessful Supreme Court nomination in 2016 told senators that he did not have “a political bone” in his body, responded, as he so often does, by not responding.

The Justice Department would not acknowledge the execution of a search warrant at Mr. Trump’s home on Monday, nor would Mr. Garland’s aides confirm his involvement in the decision or even whether he knew about the search before it was conducted. They declined to comment on every fact brought to their attention. Mr. Garland’s schedule this week is devoid of any public events where he could be questioned by reporters.

Like a captain trying to keep from drifting out of the eye and into the hurricane, Mr. Garland is hoping to navigate the sprawling and multifaceted investigation into the actions of Mr. Trump and his supporters after the 2020 election without compromising the integrity of the prosecution or wrecking his legacy.

Toward that end, the attorney general is operating with a maximum of stealth and a minimum of public comment, a course similar to the one chartered by Robert S. Mueller III, the former special counsel, during his two-year investigation of Mr. Trump’s connections to Russia.

That tight-lipped approach may avoid the pitfalls of the comparatively more public-facing investigations into Mr. Trump and Hillary Clinton during the 2016 election by James B. Comey, the FBI director at the time. But it comes with its own peril — ceding control of the public narrative to Mr. Trump and his allies of him, who are not constrained by law, or even fact, in fighting back.

“Garland has said that he wants his investigation to be apolitical, but nothing he does will stop Trump from distorting the perception of the investigation, given the asymmetrical rules,” said Andrew Weissmann, who was one of Mr. Mueller’s top aides in the special counsel’s office.

“Under Justice Department policy, we were not allowed to take on those criticisms,” Mr. Weissmann added. “Playing by the Justice Department rules sadly but necessarily leaves the playing field open to this abuse.”

Mr. Mueller’s refusal to engage with his critics, or even to defend himself against obvious smears and lies, allowed Mr. Trump to fill the political void with reckless accusations of a witch hunt while the special counsel confined his public statements to dense legal jargon. Mr. Trump’s broadsides helped define the Russia investigation as a partisan attack, despite the fact that Mr. Mueller was a Republican.

Some of the most senior Justice Department officials making the decisions now have deep connections to Mr. Mueller and view Mr. Comey’s willingness to openly discuss his 2016 investigations related to Mrs. Clinton and Mr. Trump as a gross violation of the Justice Manual, the department’s procedural guidebook.

The Mar-a-Lago search warrant was requested by the Justice Department’s national security division, whose head, Matthew G. Olsen, served under Mr. Mueller when he was the FBI director. In 2019, Mr. Olsen expressed astonishment that the publicity-shy Mr. Mueller was even willing to appear at a news conference announcing his decision to lay out Mr. Trump’s conduct but not recommend that he be prosecuted or held accountable for interfering in the Russia investigation.

But people close to Mr. Garland say that while his team respects Mr. Mueller, they have learned from his mistakes. Mr. Garland, despite his silence from him this week, has made a point of talking publicly about the investigation into the Jan. 6 attack on the Capitol on many occasions — even if it has only been to explain why he cannot talk publicly about the investigation.

“I understand that this may not be the answer some are looking for,” he said during a speech marking the first anniversary of the Capitol attack. “But we will and we must speak through our work. Anything else jeopardizes the viability of our investigations and the civil liberties of our citizens.”



How Times reporters cover politics.
We rely on our journalists to be independent observers. So while Times staff members may vote, they are not allowed to endorse or campaign for candidates or political causes. This includes participating in marches or rallies in support of a movement or giving money to, or raising money for, any political candidate or election cause.

At the time, that comment was intended to assuage Democrats who wanted him to more aggressively pursue Mr. Trump. Now it is Republican leaders, including Mr. McCarthy, Senator Mitch McConnell of Kentucky and former Vice President Mike Pence, who are clamoring for a public explanation of his actions.

Mr. Garland enjoys a significant advantage over Mr. Mueller as he heads into battle. The House committee investigating the assault on the Capitol intends to continue its inquiry into the fall, and its members plan to make the issue of Mr. Trump’s actions a central political theme through the midterm elections and into 2024, providing Mr. Garland with the kind of covering fire Mr. Mueller never had.

Still, some of the attorney general’s supporters think he should be doing more to defend himself.

Even though the Justice Department does not generally talk about cases, guidelines preventing prosecutors from publicly discussing criminal investigations include exceptions to the mum-is-the-word norm. Federal prosecutors sometimes explain why they choose not to bring charges in high-profile matters if it is deemed to be in the public interest.

“In this era, does the public interest require more?” said Tali Farhadian Weinstein, a former federal prosecutor, who believes the department can better educate the public on how the rule of law works — without running afoul of laws governing grand jury material and ethical considerations.

“When you have Trump calling this a raid, why not explain how a search warrant works?” she asked. “Could that kind of information come out of the mouth of a public official, rather than a legal analyst on television?”

But Justice Department officials are painfully aware of the risks they are facing in such a politically sensitive inquiry, and many are bracing for the investigations Republicans have explicitly threatened to conduct if they take back the House in November’s elections.

As a result, Mr. Garland’s aides have been wary about disclosing even basic information, including the attorney general’s role in major decisions or the deployment of key personnel like Thomas P. Windom, who was tapped last fall to lead the investigation out of the US attorney’s office in Washington.

The FBI search at Mar-a-Lago appears to have been focused on Mr. Trump’s handling of materials that he took from the White House residence at the end of his presidency, including many pages of classified documents.

For now, there is no indication that the search, which was approved by a federal judge, is related to the department’s widening investigation into the plan to create slates of voters that falsely said Mr. Trump had won in key swing states in 2020.

However, the information gathered by investigators at Mar-a-Lago could be used in other cases if it proves relevant, according to Norman L. Eisen, who served as special counsel to the House Judiciary Committee during Mr. Trump’s first impeachment.

Nonetheless, by late Monday, the former president and his supporters tried to seize the offensive by filling the rhetorical void left by federal investigators, accusing Mr. Garland of perverting justice for political motives.

In the past, Democrats have been relentless in arguing that Mr. Trump’s behavior as president evoked the actions of dictators in other countries. In a statement on Monday night about the Mar-a-Lago search, Mr. Trump repurposed that line of criticism.

“It is prosecutorial misconduct, the weaponization of the Justice System, and an attack by Radical Left Democrats who desperately don’t want me to run for President in 2024,” he said in the statement, adding, “Such an assault could only take place in broken, Third-World Countries.”

As often happens, that argument quickly became a template for his supporters, especially those running for office this year. “The weaponization of Biden’s DOJ against political enemies is unprecedented,” Attorney General Eric Schmitt of Missouri, the Republican nominee for Senate in that state, wrote on Twitter. “This is Banana Republic stuff,” he added.

But no one went quite so far as Mr. McCarthy, the House Republican leader, who has sought to rehabilitate his relationship with the former president after sharply criticizing Mr. Trump’s actions on Jan. 6.

“I’ve seen enough,” Mr McCarthy said. “The Department of Justice has reached an intolerable state of weaponized politicization. When Republicans take back the House, we will conduct immediate oversight of this department, follow the facts, and leave no stone unturned.”

A Justice Department spokeswoman had no comment.

Categories
Business

China’s trust audit shows how worried it is

The review of the trusts and their exposure to property developers, however, suggests that they aren’t entirely confident that the crackdown has reduced the risks the shadow banks pose to financial stability to non-threatening proportions.

They shouldn’t be complacent. The scale of the issues within China’s property sector, the size of the sector within China’s economy and the degree of leverage associated with property in China does make property and property finance a threat to stability.

While the size of the threat posed by shadow banking might have been reduced since 2017, the implosion within the property development sector, the scale of the industry – property accounts for about a third of China’s GDP – shadow banking exposures to property, and the extent of leverage in the property and non-banking sectors, mean it remains very material.

China Evergrande is at the center of the country's property crisis, with its more than $US300 billion of liabilities providing context for the scale of the problem.

China Evergrande is at the center of the country’s property crisis, with its more than $US300 billion of liabilities providing context for the scale of the problem.Credit:Bloomberg

Property developers have defaulted on more than $US20 billion of largely offshore bonds this year and the sector shows no signs of stabilizing. Indeed, the distress has spread to some of the smaller regional banks, causing them to freeze depositors’ funds and sparking protests.

The pre-sales model used by the development sector has also ignited protests and refusals to service bank loans by mortgagors in more than 320 cities who are facing interest and principal payments on borrowings for uncompleted apartments.

loading

At the epicenter of those protests is the world’s most indebted developer, China Evergrande, with its more than $US300 billion ($431 billion) of liabilities providing some context for the scale of the property crisis.

The concern of the authorities is that, even though they have shrunk the shadow banking sector, it remains sizeable and opaque and its relationships with the rest of the financial system, and banks in particular, are often disguised by complex and less than transparent structures.

China’s big banks are well-capitalized and heavily regulated but, as a spate of scandals and outright fraud has shown, its small and medium-sized banks in the regions have sometimes taken on riskier exposures than would be considered prudent, using off-balance sheet structures to obscure what they have been doing.

In some respects, that’s a natural consequence of the tightening of bank capital and credit standards after the global financial crisis in 2008 even as the authorities were encouraging an apartment-building binge to stimulate economic activity and provide housing to accommodate the large-scale migration of rural Chinese to the major economic centres.

It pushed lending out of the mainstream banking sector and into the shadows and, despite the efforts to reign in and regulate non-bank activity in recent years, it appears the authorities are now concerned – in the midst of the property crisis – that they didn’t ‘t clamp down on non-bank activity hard enough.

The scale of the issues within China’s property sector, the size of the sector within China’s economy and the degree of leverage associated with property in China does make property and property finance a threat to stability.

The National Audit Office review of the trusts is looking, not just at the extent of the losses and prospective losses the trusts and their investors are facing but for the nature of those continuing linkages between the trusts and the wider financial system.

There are 68 trusts in China with about $4.3 trillion of assets – property loans, shares, bonds and commodities – under management, with property accounting for at least $500 billion of the total.
Their funding tends to be short term and therefore the potential for liquidity crunches and “runs” — a stampede by investors to get their money out in moments of crisis – and the kind of spreading contagion that the mortgagors’ and depositors’ protests have displayed. is latent.

China’s economic model, with its heavy emphasis on centrally driven growth targets, has been funded by increasing levels of debt at every level of the economy and has resulted in households that are leveraged and whose wealth is overexposed to a property market that is imploding.

loading

That risks, not just financial stresses within the economy, but the kind of social unrest that, in the lead up to the extension of his period as party leader to an unprecedented third term, Xi Jinping wouldn’t want to see develop.

The Business Briefing newsletter delivers major stories, exclusive coverage and expert opinion. Sign up to get it every weekday morning.