Categories
Australia

Jacqui Lambie tells defense royal commission that department spied on her from bush over backyard fence

Trapped in a never-ending cycle of back pain and locked in a compensation battle with a government department that had placed her under surveillance, Jacqui Lambie lost hope completely.

She wrote her sons a farewell letter each and tried to take her own life.

“There was no point. There was nothing left of me after that. I had no fight left in me,” the independent senator told a Hobart hearing of the Royal Commission into Defense and Veteran Suicide.

But instead of ending her life, she said the suicide attempt played a role in restarting it, with the Department of Veterans’ Affairs finally giving her the intense psychological care she needed.

It began a slow journey of rehabilitation, and a desire to do what she could to make the lives of veterans better, that eventually led to her being elected to Federal Parliament in 2014.

“I made a deal with God: if you’d just give me a second chance at life, I’d fight like hell for the veterans because I could understand what was going on and they weren’t getting a fair deal,” she said.

“From where I was to where I am today I’m very grateful that God has given me a second chance at life and that I have somehow been able to swing that around.”

Army ‘a life-saver’

Senator Lambie joined the Army as an 18-year-old in 1989.

Frequently in trouble, her family was supportive of her enlistment.

Jacqui Lambie wearing a military uniform.
Jacqui Lambie was 18 when she joined the Army.(Facebook: Jacqui Lambie)

“I was seen to be around a bad group of people at that point of time who were bad influences, so for me, it was probably a life-saver that I had the opportunity to serve my country,” she said.

She told the commission she initially thrived in the environment, but it was not long before she was thrown into a curveball.

Without the knowledge of her or her superiors, she was pregnant, with the Army pushing to end her military career before it even really began.

“What they wanted me to do was discharge immediately and get going, but I did not want to discharge because I didn’t want to end up back in public housing with a child,” she said.

With the help of a lawyer, the Army relented, and Senator Lambie completed her basic training.

Her career almost ended again eight years later when she was charged following an incident.

“Quite frankly, after I got charged for basically assault, I should have been thrown out of the military and they did not do that for me,” she said.

“They gave me a second chance and I will always be very, very grateful for having that second chance.”

Space to play or pause, M to mute, left and right arrows to seek, up and down arrows for volume.
Jacqui Lambie in tears while thanking her sons, who ‘paid a heavy price’ while she deteriorated.

‘I just couldn’t take it anymore’

She was sent on a compassionate posting to Devonport, in Tasmania’s north-west.

It was while she was based there, but on an infantry training course in Puckapunyal, that she suffered the first of what was to become a debilitating back injury.

“When I went to get out of bed, I could not get out of bed, I could not move,” she said.

Jacqui Lambie pictured during her military service.
Jacqui Lambie (left) pictured during her military service.(Facebook: Jacqui Lambie)

It started a two-year cycle of physiotherapy, painkillers and hiding her pain.

Two days before she was set to fly out to East Timor on deployment, her back gave in.

“For me that was it, I just couldn’t take it anymore,” she said.

“I just ended up flat on the floor and then that was pretty much the end for me once that happened.”

She was medically downgraded and sent to specialists for a solution, but her back would not recover.

Eventually, she was medically discharged in 2000.

Jacqui Lambie smiles and speaks with a man and she walks down a path.
Senator Jacqui Lambie hoped the commission would lead to lasting change for veterans.(Supplied: Royal Commission into Defense and Veteran Suicide)

The discharge began a six-year battle with the Department of Veterans’ Affairs for compensation, as well as debilitating pain and depression.

“The pain itself was completely out of control and it set into a pattern that once that set in, I had just about given up,” she said.

She told the commission that the Department of Veterans’ Affairs initially deemed her not unfit enough to receive an allowance on top of her disability pension.

Government surveillance from bush behind her house

She engaged a lawyer after being defeated by the process and initially had a series of small victories before a visit to a shopping center changed her life.

Senator Lambie was spotted carrying two shopping bags walking out of a two-dollar shop.

She told the commission the Department of Veterans’ Affairs and Commonwealth Rehabilitation Services decided to put her under surveillance after suspicions she was faking her injuries.

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Categories
US

TN Election Results: Aug. 4, 2022

NASHVILLE, Tenn. (WKRN) – Find up-to-the-minute election results from the August 4 Tennessee primary election and the Middle TN county general elections.

You can find all the election results from August 4 here. You can also find links to specific statewide and county races below.

Key Tennessee Races to Watch

5th US Congressional District: Election Results

The fifth Congressional district for Tennessee is up for grabs following the retirement of longtime Democratic incumbent, Rep. Jim Cooper.

Nine Republicans are vying for the GOP nomination in the race for Nashville’s 5th District now includes only the southern portion of Davidson County, parts of Wilson and Williamson counties, and all of Lewis, Maury, and Marshall counties.

Heidi Campbell, a member of the Tennessee state senate, is running unopposed in the Democratic primary.

Tennessee Governor Democratic Primary: Election Results

While Governor Bill Lee is unopposed in the Republican primary, three Democrats are hoping to be the one to take him on in the general election in November.

All Statewide Races

Tennessee Republican Primary: Election Results

Tennessee Democratic Primary: Election Results

General Election Results by County

Cheatham County Elections

Davidson County Elections

Dickson County Elections

Montgomery County Elections

Robertson County Elections

Rutherford County Elections

Sumner County Elections

Williamson County Elections

Wilson County Elections

📲 Download the News 2 app to stay updated on the go.
📧 Sign up for WKRN email alerts to have breaking news sent to your inbox.
💻 Find today’s top stories on WKRN.com for Nashville, TN and all of Middle Tennessee.

This is a developing story. WKRN News 2 will continue to update this article as new information becomes available.

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Categories
Business

Soul Patts bankrolls Ironbark Asset Management’s M&A ambitions

The funds’ management arm, which raises money for external fund managers via Ironbark-branded vehicles, is the biggest arm representing strategies like global long/short from New York-based Apis Capital and listed infrastructure at local fundie Maple-Brown Abbott.

The trustee business provides responsible entity services for funds and financial advice business, while the wealth advisory arm has been taking minority stakes in advice businesses.

Soul Patts’ capital was understood to be earmarked for use for organic growth spending, as well as acquisitions of stakes in advice businesses. Sources said Ironbark received interest from family offices, but deep-pocketed Soul Patts ended up taking the entire raising.

It follows a small re-up from Soul Patts’ 29.1 per ownership in early 2021, to 30.7 per cent a year later, with Soul Patts paying $2.82 million for the 0.2 per cent increase at the time.

Ironbark is a smaller funds management play from Soul Patts. It owns a 36.5 per cent stake in Pengana Capital Group, and last year capped off a $10.8 billion merger between itself and listed investment company Milton Corporation.

Soul Patts’ investment was overseen in-house, while Ironbark was understood to have been advised by Nelson Lam of Berkshire Global Advisors.

Categories
Technology

Google updates search result snippets for queries with quotes

Google has updated how search result snippet in Google Search for queries that contain quotes. Now, Google will show where that exact phrase appears on the page in the search result snippet in Google search, the company announced.

What this means. Google explained if you did a search such as [“google search”]the snippet will show where that exact phrase appears:

Previously. Google said previously, Google Search did not always show the quoted search phrase in the Google Search result snippet “because sometimes the quoted material appears in areas of a document that don’t lend themselves to creating helpful snippets,” Google said. “For example, a word or phrase might appear in the menu item of a page, where you’d navigate to different sections of the site. Creating a snippet around sections like that might not produce an easily readable description,” Google added.

Why the change? Google said they made this change based on searcher feedback, Google wrote “We’ve heard feedback that people doing quoted searches value seeing where the quoted material occurs on a page, rather than an overall description of the page. Our improvement is designed to help address this.”

More advice. Google then gave searchers additional advice on how quotes work in Google Search and how this may impact your search results. Check out their blog post over here.

Why we care. Google confirmed with Search Engine Land that this is not a ranking change but rather a user interface change on how Google Search will show some searches, searches that use quotes. This may impact your click-through rate from the Google search results but will have no impact on how you rank for those types of queries.


New on Search Engine Land

About The Author

Barry Schwartz a Contributing Editor to Search Engine Land and a member of the programming team for SMX events. He owns RustyBrick, a NY based web consulting firm. He also runs Search Engine Roundtable, a popular search blog on very advanced SEM topics. Barry can be followed on Twitter here.

Categories
Entertainment

Bullet Train is off the rails, even with the ‘mellow-yet-whiny’ Brad Pitt

There’s a generational cycle in cinema which is fairly invariable: Quentin Tarantino has famously spent his career riffing on the exploitation movies of his 1970s youth, and now Bullet Train Screenwriter Zak Olkewicz is riffing on Tarantino and Guy Ritchie, presumably equally formative experiences for a kid born in 1983.

There is nothing in Bullet Train to invest in emotionally, nor did I find it especially funny or thrilling.

It makes for a very talky journey, far from the non-stop thrill ride promised in the title, and only slightly briefer than the actual bullet train ride between the cities in question (you can make the trip in two hours and 15 minutes, according to toGoogle).

Moreover, most of the action has to unfold without the driver or the civilian passengers getting too suspicious, and thus has to happen in short, sharp, close-up bursts, rather than the flowing cadenzas of John Wick (which Leitch co-directed – still his career high point).

That Thomas the Tank Engine thing, by the way: it isn’t a one-off gag, it’s the primary, defining trait of Henry’s character, as if Samuel L. Jackson spent all his screen time in pulp fiction talking about the pig from Green Acres.

Quirks of this variety are meant to contrast with the cartoonish ruthlessness all the characters share, to the point where the decent sorts are the ones who aren’t literally pushing children off rooftops (a misdeed performed by a demure schoolgirl villainess, played by The Kissing Booth star Joey King in a baby-pink coat).

The trouble is that actual Japanese filmmakers are in a different league with this sort of stuff: Leitch is in no position to crank up the perversity and nihilism to match, say, Sion Sono, though he may well have seen a few Sono films in his time.

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There is nothing in Bullet Train to invest in emotionally, nor did I find it especially funny or thrilling. But I’m prepared to give Leitch and company a few points for trying something offbeat enough that by current Hollywood standards it practically qualifies as art for art’s sake.

It must have been Pitt’s enthusiasm that got it financed; Perhaps it reminded him of his 1990s glory days, when he must have spent a fair amount of time between projects leafing through screenplays about goofy hitmen.

Categories
Sports

How pre-season camps can work, and why Adelaide’s did not

It says much for the unchanging rhythms of football that, despite being 26 years apart, the two most famous pre-season camps in Adelaide Crows history each took place in the closing days of January.

In 1992 in Rapid Bay, the club was about to enter its second AFL season and searching for that something extra to go from a respectable 10 wins and mid-table to a finals berth. Reading an in-flight magazine some months earlier, All-Australian defender Nigel Smart thought he had found it.

Essendon Football Club draft players blindfolded during a camp in the Cann River region in 2003.

Essendon Football Club draft players blindfolded during a camp in the Cann River region in 2003.Credit:Joe Armao

A motivational speaker and expert in firewalking, Paul Blackburn, would work the Crows into such a frenzy of self-belief that they could walk over hot coals for one another. It did not quite work out that way.

“People laugh at that but he actually walked across those hot coals,” the inaugural coach Graham Cornes has said. “He had a few blisters, that’s why we called it off because he looked uncomfortable.

“You’ve got no idea how hot those coals were. It was created from a big truckload of Mallee roots, a glowing, throbbing, pulsating, radiating mass of heat. By the time they scraped out a 10m by 1m area to walk on, the enthusiasm had waned a little bit.

“We laugh about it now, but it was a public relations disaster for the club.”

Why do sporting and corporate organizations run bonding camps?

One of the better explanations was delivered by Andy Flower, then England’s head coach, before he took the 2010-11 Ashes squad to Germany for a five-day slog in which the team led by Andrew Strauss was harried around the Bavarian forest by Australian police officers teed up through the team’s head of security Reg Dickason.

England fast bowler James Anderson suffered rib injuries in a sparring match at a pre-Ashes training camp in Germany.

England fast bowler James Anderson suffered rib injuries in a sparring match at a pre-Ashes training camp in Germany.Credit:Getty Images

“It is designed to educate all of us, to give us a good sense of perspective on things, to allow the guys to become more self-aware, and allow the guys to understand each other better,” Flower said. “We can live in a cosseted world, in the sporting world, and this is there to broaden minds. It’s not related to the Ashes at all, it’s more about our development as a group of blokes.”

That trip did generate headlines, as the lithe England spearhead Jimmy Anderson suffered a fractured rib in a sparring match with his far burlier fellow opening bowler Chris Tremlett. On their subsequent triumph in Australia, however, players and staff did not recall the physical pummeling so much as relationships built at nightly campfires, away from mobile phones and other noise.

It may not have improved Anderson’s outswinger, but it helped engender a sense of unity when the cricket started – a similar recollection was shared this week by the former Australian wicketkeeper Adam Gilchrist about a similar exercise before the 2006-07 Ashes. Even vocal dissenters to that exercise, such as the late Shane Warne, were on board with it by the finish.

Neil Balme, a coach, mentor and football manager at Norwood, Melbourne, Collingwood, Geelong and Richmond, went on his first pre-season camp as a player with the Tigers in the summer of 1969-70. He recalls being told, by way of an incentive, “if you sign up with us you get to go on the camp!” They’ve been a part of the team-building kitbag ever since.

“You put them together so the players can figure each other out, and you as the coaches and administrators help that to happen,” he says. “Usually it’s to collaborate, to learn how the next bloke works, how you can help him and how he can help you. Those are the things that will make a difference during the season ultimately.”

After having their genesis with a football club’s own staff, facilitators of such camps have been drawn from far and wide. Psychologists, law enforcement or military types, outdoor experts. They have evolved in a few senses over the years.

Brisbane Lions players push a truck out of sand on their pre-season camp in 2014.

Brisbane Lions players push a truck out of sand on their pre-season camp in 2014.

“All of us in elite team sport have been involved in a million camps – the motivation behind it is an admirable one,” former Collingwood and Brisbane Lions coach Leigh Matthews told Adelaide radio this week. “Way back in 1987, Collingwood, we’d finished second last and I was coach. We decided to have a tough experience together outside your general footy thing. It was in the Gippsland rainforest, and a couple of training guys from the SAS were running the camp.

“They were to be out there for three days, they carried everything they had. Very little communication with the outside world. And they got lost. We only knew this in retrospect, but because they had a genuine life-threatening experience, that ended up being a really bonding, positive influence on that group. You can never plan it to be that bad – it only went that bad because they got lost. But clubs do a lot of things trying to find that competitive advantage, and they can go wrong.”

Initially, physical strength and endurance training was the best part of the brief, particularly in the semi-professional era when a whole week with a group of players was seen as a luxury, away from day jobs and time constraints. They were also useful exercises for bringing along a camera crew to help promote how hard the club was working to bring success to its members that year.

“Back in the day it was a chance to make them run up a hill and all those sorts of things and have a day to recover rather than having to go to work the next day,” Balme says.

But as football and sport have become more thorough in physically preparing players year-round, increasing emphasis has been placed on the mental challenges presented. Overcome these obstacles, the brief often indicates, and opponents during the season will seem altogether more straightforward as a result.

Terry Wheeler, a forerunner in a few ways as a senior coach, aimed for that kind of gambit when he had Footscray players parachute into Port Phillip Bay ahead of the 1993 season. Secrecy, too, has often been a part of it – players whisked away to an undisclosed location, disoriented and challenged. Although as Balme reflects, secrecy in football generally relates to something else.

“Usually, secrecy is about doing something you shouldn’t be doing!” I laugh. “The secrecy is not necessary. We should be able to show everyone what we do and say ‘this is the way to do it’ and away you go.

“Sometimes secrecy in how you play is there, you don’t want to tell everyone how you play, but it’s pretty obvious how you do, they’ve only got to watch you. Quite often secrecy will be about covering up something they don’t want people to know because it’s not right, rather than because it is right.”

In Melbourne, the Storm’s “I Don’t Quit” camps – run by past and present members of the Special Operations Group – built up such a reputation that they were co-opted by the Demons ahead of the 2017 season. That first, two-day camp covered familiar territory in terms of physically and mentally challenging players.

But when Dom Tyson hurt his knee and Christian Salem accidentally dropped a brick on his head, causing a concussion, players harbored enough concern to take the concept to the AFL Players’ Association when coach Simon Goodwin planned to undertake the same experience again ahead of 2018 Melbourne’s players, having fought for greater self-determination, would go on to a premiership.

That, of course, was the same summer in which the Crows undertook their own fateful camp in Queensland, after players had initially thought they were headed to the Gold Coast for swimming, some light training and time together to talk through the lost 2017 grand final .

What is now clear is that the camp designed for Adelaide was meant to go harder, reach further, and challenge more deeply than any pre-season camp had ever done before. It was going to push the envelope of resilience for a team that, only two years before, had forged through the unspeakable trauma of having their former head coach Phil Walsh murdered in mid-season.

Adelaide Crows players in the “power stance” as they line up for the 2017 grand final against Richmond.

Adelaide Crows players in the “power stance” as they line up for the 2017 grand final against Richmond.Credit:Getty

“Ego control can be part of the problem,” Balme says. “It should be about ‘what do the players need’, not making it bigger and better than last year. The camp won’t define your year for you, it’s how you play. There was a bit of ra-ra and ego sometimes about planning these things, but you’ve got to get past that, and if you do, you’ll make better decisions.”

Ironically, the evolution of men and athletes over the past 30 years has afforded greater openness and chances for connection without having to resort to the blunt instrument tactics that had previously been used to break down the egos and closed minds of their predecessors.

Samantha Graham, a mind coach who was instrumental to the success of the South Sydney Rabbitohs in 2014, has argued there is actually no need to push athletes to breaking point to find the vulnerability that brings honest conversations, connection between people, and ultimately better performance .

“That’s plenty of vulnerability right there for most groups of men, in my experience,” Graham told good weekend in 2018. “Take them out of their comfort zone, because that’s where learning happens. But you don’t want to take them into their terror zone, because it’s not productive or ethical.”

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As for the Crows, Josh Jenkins pointed out in 2019 that the perspective behind the camp’s efforts to stretch the team was at a distance from the reality of a season in which the club had done everything but won the grand finale.

“I think when you lose a final and even more so a grand final — and prelim finals as well — I think you need to remember that you’re one of the teams that need to improve the least, not the most,” Jenkins told SEN radio.

“We sort of went down a path of needing to change everything and we needed to rebuild ourselves as individuals and a team. That was clearly a mistake. That’s probably the main area we fell away.”

Says Balme of the mental side of the game: “It’s all ongoing, it’s day-to-day stuff. You can’t take a team away for a few days for an experience that changes everything, which is sometimes something I think we tried to do at those camps. Now it’s much more about the reality of how we prepare to play as well as we can for as long as we can.”

As Cornes rightly pointed out, the blisters suffered by Nigel Smart may not have looked good on television, but they were minor enough to allow him to play in the Crows’ next pre-season game five days later.

What’s less widely known about the whole episode is who called it off. Not Cornes, nor Smart, but the inaugural chairman of the Adelaide Football Club himself, Bob Hammond, who happened to be on-site. As a former player, coach and administrator of distinction, Hammond had a well-developed bullshit detector.

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Senior oversight of events such as pre-season camps does in some ways appear to have been simpler in the days when clubs could number their staff by the tens, not the hundreds.

But in 2018, none of the chairman Rob Chapman, the chief executive Andrew Fagan, nor the football director Mark Ricciuto were present. The most senior men on the ground were the head coach, Don Pyke, and the head of football, Brett Burton. It’s not clear which camp exercises they participated in or witnessed.

In the four years since then, every club pre-season camp program has required sign-off by the AFL itself before going ahead, to ensure the mental and physical health of all involved. In any case, commando-style camps are out of vogue.

The camp was at the time rationalized as necessary to find the competitive edge that would take the team to the top. The Crows have been walking on metaphorical hot coals ever since.

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Categories
Australia

James Fairhall jailed for 25 years for murder of partner Noeline Dalzell in front of their children

A Victorian man has been jailed for 25 years over the stabbing murder of his partner in front of their children.

WARNING: Aboriginal and Torres Strait Islander readers are advised that the following article contains the name and images of a person who has died.

Noeline Dalzell died on a Seaford driveway, in Melbourne’s south-east, in 2020.

James Leonard Fairhall, her partner and the children’s father, was today sentenced in the Supreme Court of Victoria to 25 years in prison for her murder.

The 47-year-old was found guilty by a jury in December last year after a trial lasting nearly a fortnight.

He had pleaded guilty to the lesser charge of manslaughter, which prosecutors rejected.

“You stabbed Noeline in front of your three children while they tried to deter you and protect their mother,” the Supreme Court’s Justice Jane Dixon told Fairhall in his sentencing hearing.

He was given a non-parole period of 18.6 years. With 913 days already served, he will be eligible for parole in 16 years.

On February 4, 2020, an argument broke out in the family home between Ms Dalzell and Fairhall after he learned she was seeing another man.

The couple were separated at the time, but Fairhall had been back sleeping on the couch at the Seaford home for two months.

That was despite an intervention order issued in 2018 banning him from being there or even contacting Ms Dalzell.

He had breached that intervention order previously, in what police described as incidents of family violence.

Son pushed father away in bid to protect his mother, judge says

On the day of her death, their children, aged 13, 15 and 16 at the time, arrived home from high school to find their parents arguing.

Their father seemed drunk and angry, they testified.

He became progressively more aggressive, following Ms Dalzell around the house carrying a pair of scissors.

Those scissors were eventually discarded and replaced by a big kitchen knife.

A woman wearing a red long-sleeved top looks over her shoulder at the camera smiling.
Her loved ones say Noeline Dalzell was an angel with a ‘cheeky smile’.(Supplied)

Ms Dalzell took refuge with her children in the bedroom of her only son as her kids screamed at their dad to stop.

“You threatened to kill Noeline and tried to get past your children to get at her,” Justice Dixon said to Fairhall during his sentencing.

“Your son pushed you to try and keep you away.

“Suddenly you reached over the top of your children and stabbed Noeline once to the left side of the neck with the knife you were wielding.”

Neighbor showed ‘considerable courage’ in bid to save Ms Dalzell’s life

In Ms Dalzell’s final moments she attempted to flag down help from neighbours, who tried unsuccessfully to save her life.

Despite initially using a second knife to threaten a neighbor who tried to help, Fairhall did eventually assist with first aid, which Justice Dixon considered in deciding the length of his sentence.

“[The neighbour] was about to call triple-0, when you approached him brandishing the second knife and told him not to call the cops,” Justice Dixon said.

“I have retreated into his house and locked the front door.

“Minutes later, displaying considerable courage, he went back outside to offer help in response to the unfolding commotion.”

But it was too late.

Noeline was 49.

A smiling woman sitting outside wearing a bright orange sweat shirt.
Noeline Dalzell is remembered as a great person and mother.(Supplied)

Fairhall had a criminal history of violence and had floated family violence intervention orders in the past.

Justice Dixon said the attack was not spontaneous.

“You were following Noeline around the house before the incident and pursued her into the bedroom, before reaching past and over your children to stab her,” she said.

She noted to ongoing impact the murder had on those children.

“Three young lives forever changed by your despicable violence,” Justice Dixon told the convicted murderer.

“There is an enormous hole left in their lives by the loss of their mother.”

At her funeral in 2020, Ms Dalzell was remembered as a proud mother and a passionate Essendon supporter.

“She was a great person, she was a great mum to these kids,” her sister-in-law Jenny Dalzell told the ABC in 2020.

“What happened to her was just tragic, it shouldn’t have happened.”

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Categories
US

Taiwan’s trade with China is far bigger than its trade with the US

Aerial photograph of shipping containers at the harbor in Keelung, Taiwan. Data show that Taiwan depends more on China for trade than it does on the US

Sam Yeh | Afp | Getty Images

BEIJING — Data show that Taiwan depends more on China for trade than it does on the US, even if US House Speaker Nancy Pelosi threw her weight behind Taiwan this week in a high-profile visit.

Taiwan came under military and economic pressure from Beijing this week, after the democratically self-ruled island allowed the visit of Pelosi — the highest-ranking US official to set foot on Taiwan in 25 years.

The visit came despite warnings from China, which considers Taiwan part of its territory and maintains the island should have no right to conduct foreign relations. The US recognizes Beijing as the sole legal government of China, while maintaining unofficial relations with Taiwan.

Still, Taiwan’s business and economic ties with mainland China and Hong Kong have grown so large that the region is by far the island’s largest trading partner.

Many large Taiwanese companies in high-tech industries such the world’s biggest chipmaker — Taiwan Semiconductor Manufacturing Co., or TSMC. — operate factories in mainland China.

Last year, mainland China and Hong Kong accounted for 42% of Taiwan’s exports, while the US had a 15% share, according to official Taiwan data accessed through Wind Information.

In all, Taiwan exported $188.91 billion in goods to mainland China and Hong Kong in 2021. More than half were electronic parts, followed by optical equipment, according to Taiwan’s Ministry of Finance.

Taiwan’s exports to Southeast Asia were even greater than those to the US — at $70.25 billion to the region, versus $65.7 billion to the US, the data showed.

As a source of Taiwan’s imports, mainland China and Hong Kong again ranked first with a 22% share. The US only had a 10% share, ranking behind Japan, Europe and Southeast Asia.

Growing trade with mainland China

In recent years, Taiwan has bought an increasing amount of products from mainland China, and vice versa.

Over the last five years, Taiwan’s imports from mainland China have arisen by about 87% versus 44% growth in imports from the US

Taiwan’s exports to mainland China grew by 71% between 2016 and 2021. But exports to the US nearly doubled, growing by 97%.

Read more about China from CNBC Pro

Comparable to Shanghai

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Categories
Business

Ground Breakers: Coal delivers Glencore stunning 800% lift

Outwardly Glencore, one of the world’s largest producers and traders of thermal coal, is circumspect about the future of the commodity, commonly referred to as the world’s dirtiest fuel.

A crushing energy crisis, the Russian invasion of Ukraine and years of underinvestment in new coal supply have seen the commodity surge to record highs of in and around US$400/t.

Asked about whether it would consider reversing its position on running down its coal production along with net zero targets by 2050 on an earnings call yesterday, CEO Gary Nagle said the company remained aligned with the positions of global governments.

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“We will not divert from our plan to responsibly run down our coal business. We made a commitment to our stakeholders, we made a commitment to the world. It’s right for the world and we will continue down that path,” he said.

“It’s not negotiable. I mean, in an extreme event that all the governments of the world come together and say, we’re putting a pause on (responding to) climate change, and we need energy security and please produce more coal … yes, we would.

“I think that’s very unlikely to happen.”

Inwardly Glencore’s traders are probably running around the halls of its Swiss offices singing “coal, coal, coal, coal” the way Vikings lovingly sing about spam in the world of Monty Python.

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Coal’s magic run

For Glencore coal’s magic 2022 run has translated into a stunning 800%+ lift in earnings per share from US0.10c to US0.92c in the first half of 2022, with coal sales the backbone of a jump of 119% in adjusted first half EBITDA to US$18.9b.

Coal earnings rose like a phoenix from the CO2-emitting ashes, climbing from US$912m in the first half of 2021 to US$8.9b in the first half of 2022.

Energy trading (up 344%) was also the biggest contributor to a 104% earnings lift in Glencore’s marketing division to US$3.7b.

Metals and mining fell 17% as prices for hard commodities fell off.

Margins in Glencore’s coal operations rose a staggering 760% in the past year to US$160.8b. At spot levels, it will generate US$20b in earnings in 2022 at a margin of US$165/t.

Glencore will pay US$4.5 billion back to shareholders including a US$3 billion share buyback, taking its capital returns for 2022 to around US$8.5b.

Sheesh.

Glencore expects spot adjusted EBITDA of over US$32 billion in 2022, against US$21.3b in 2021.

Rio man joins newest lithium miner

Like many in the lithium game, Core Lithium (ASX:CXO) has gone from a tiddler to a significant mining stock in a short time, rising 301.56% over the past year to a market cap of $2.22 billion.

The company is poised to be the next hard rock miner to enter production with its Finniss mine in the NT due to open in December.

Core has been without a leader for a while since the surprise resignation of MD Stephen Biggins a few months ago.

It is up 6.2% today though after rectifying that, with Rio Tinto (ASX:RIO) executive Gareth Manderson stepping into the void as CEO.

Manderson has been at Rio for 22 years where he was most recently the general manager of sustaining capital, running projects spending $1.6ba year across its Pilbara iron ore network.

“I have been impressed by what the Core team have achieved to date and I am delighted to be given the opportunity to lead Core at this vital time in the company’s growth,” Manderson said.

“With construction of Stage 1 of the Finniss Lithium Project nearing completion and the pending export of lithium, I look forward to leading Core and working with my colleagues across the business to ensure that we maintain strong safety, operational and financial performance.”

Core chairman Greg English said there were synergies with Core’s upcoming spodumene operations, which is 25km from the Darwin CBD and port.

Spodumene prices are around record highs, fetching over US$6000/t on spot markets.

This content first appeared on stockhead.com.au

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Originally published as Ground Breakers: Coal delivers Glencore stunning 800% lift

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Made in Abyss: Binary Star Falling into Darkness Notebook Introduced, Original Story to feature characters from Made in Abyss


By sceditor on August 4, 2022 6:00 PM




Spike Chunsoft, Inc. today released new details on the game’s Notebook that logs information on the original characters, relics, primeval creatures, and more.

The 3D Action RPG arrives on PlayStation®4, Nintendo Switch™, and Steam® on September 2, 2022, in North America and Europe.

Original Story features Characters from Made in Abyss
In “DEEP IN ABYSS” mode, many characters from Made in Abyss appear as the story unfolds. The main character who becomes a Cave Raider grows with the help of more experienced Cave Raiders from the orphanage Nat, Shiggy, as well as help from Black Whistle Hablog and others. These familiar characters from Made in Abyss appear in the main story or are sometimes shown as having a connection to the protagonist in side quests.

As you progress to deeper layers, you may visit facilities where a White Whistle (the highest rank) resides, such as the Seeker Camp in the second layer of the Abyss, and the frontline base in the fifth layer of the Abyss There are also quests that involve the current White Whistles, Ozen and Bondrewd.

Aim to Complete your Notebook
The Notebook, which is carried by the main character, records a variety of information, including people met, relics obtained in the Abyss, and primeval creatures encountered. Primeval creatures can be recorded in the notebook by observing them through a monocular. Be cautious while using the monocular, as the field of view is limited, so it is necessary to get somewhat close to observe them.