Categories
Sports

Argentina crushes the Wallabies 48-17 in the Rugby Championship at the Estadio Bicentenario in San Juan

The Pumas get revenge for last week’s Rugby Championship loss to the Wallabies, thrashing Australia in San Juan.

Look back at the action in our blog.

live updates

By Simon Smale

Dave Rennie: ‘We’re better than that’

Dave Rennie is speaking to Stan Sport.

“Massive disappointment,” he says.

“It’s not good enough.

“We conceded four tries with kicks in behind us and certainly got dominated in the collision area.

“We created opportunities but we’ve got to be patient our ruck is not a disaster and we just weren’t clinical enough.”

He says that the Wallabies lacked cohesion in the match and looked desperately frustrated, adding “We’re better than that.”.

“We want to earn the respect of the country and you’re never going to do that with performances like that.”

By Simon Smale

James Slipper: Wallabies ‘Probably fell short of standards’

Here’s the skipper, James Slipper.

“Clearly disappointed,” he says.

“Off the back of a good performance last week we wanted to back it up.

“Probably fell short of today’s standards.”

He says that the Argentinans were just the better team on the day.

“They got the momentum and the crowd behind them and they’re a tough team to play catch up football against,” he says.

With all teams sitting on one win each, Slipper says the Rugby Championship is even poised, but the Wallabies are excited to get home.

“I think we’re excited to get home. It’s been a really tough tour for us.”

By Simon Smale

Key Event

Argentina beat Wallabies 48-17

Wow, what a stunning result and a brutal scoreline for the Wallabies to stomach.

The Wallabies were tactically outclassed by former coach Michael Chieka and there’s no hiding it.

The Argentinians kicking out of hand was better, the breakdown was better and they capitalized on the big moments better than the Wallabies.

It’s the biggest ever win by Argentina over Australia.

By Simon Smale

Key Event

80+2′ What a try Argentina!

Oh that’s magnificent from both Tomas Cubelli and try-scorer Tomas Albornoz.

Cubelli took the ball off the back of the scrum and darted through a gap, chipping ahead and that allowed Albornoz to collect and score.

The kick is successful and it’s 48-17!

By Simon Smale

Man of the Match: Thomas Gallo

The player of the match has just been announced to a raucous ovation.

It’s the Argentina prop, Thomas Gallo off the back of his two-try performance.

By Simon Smale

Key Event

78′ Try Argentina!

Lovely try to seal the win from Emiliano Boffelli!

The Wallabies lost the ball at a ruck and then Lucio Cinti put boot to ball, rolling it in behind and Boffelli ran around Markia Koroibete to dot down the bobbling in the corner.

The kicking game has been superior all day, the Wallabies have been punished for mistakes, and that’s the game in a microcosm.

By Simon Smale

77′ Wallabies scrum

Argentina were pushing for another score but lost the ball forward thanks to some solid Wallabies defense on their right edge.

By Simon Smale

74′ Penalty Argentina

Reece Hodge is on and his first involvement is to tackle an Argentinian in the air from another up and under contestable kick.

Argentina put a couple more phases together but we’ll come back for that infringement on half way.

They’ll kick for the corner and have a lineout on the 22.

By Simon Smale

72′ Penalty Argentina

The Wallabies were on the charge, looking to build some phases but Ikitau threw the ball over the line while being tackled and it will be an Argentina line out.

Nope, it will be a penalty, Tate McDermott pinged for a push off the ball as frustrations boil over.

By Simon Smale

69′ Argentina penalty!

Oh the Wallabies can’t keep their discipline!

The ruling is that the Wallabies did not release the ball in the tackle and the hosts get a relieving penalty.

By Simon Smale

67′ 50:22 from Tait McDermott!

Oh that will help the cause!

What a kick from the Queensland scrumhalf!

If the Wallabies score from here, a lineout on the five meters, then things could get very interesting!

By Simon Smale

Key Event

65′ Try Wallabies!

Len Ikitau dives over after being tackled – he popped back to his feet and strolled over the line unapposed.

So that’s the application from the referee just as with the previous try.

Funny, the commentators aren’t nearly as unhappy with that decision…

Can the Wallabies launch a comeback?

By Simon Smale

64′ Wallabies subs

I haven’t mentioned every sub, but Billy Pollard is on. Great story there, the Brumbies hooker has had a hell of a journey to get to Argentina on time and he comes on to make his Test debut.

By Simon Smale

Key Event

64′ Try Argentina!

11 phases of precise and incisive play by the Argentinians get the reward it deserves.

Thomas Gallo looked like he was tackled short, perhaps the referee said he hadn’t been held, but he got up and dove over the line…

Hmmm, not sure about that on replay, but the officials were happy.

There were two penalties in the move through against Fraser McReight we heard the referee say, adding that the Reds man going to be sent to the bin.

The conversion is good and the lead is now 26, Argentina 36-10 ahead.

By Simon Smale

62′ Penalty Argentina

The Wallabies are really struggling to beat this blue and white defensive line, being forced to kick deep while the Argentinians have time to kick high and contest

Rob Valentini closed the gap that Juan Cruz Mallia tried to run into, and gives away the penalty by blocking him.

Again, the commentators seem to think that Valentini didn’t close that gap, but I don’t think they’re quite right. He didn’t do much, admittedly, but he did close out that lane for him to run in to.

Argentina kick deep for a lineout.

By Simon Smale

58′ Knock on Argentina

Oh the Wallabies get away with one there.

Argentina were flooding forward again, Matias Moroni with a decent run initially.

There was an intercept thrown to Petaia, who almost apologetically gave it straight back to the Argentinians.

Taniela Tupou put a thumping tackle in the midfield that barely interrupted the Pumas’ mometum.

A chip in behind isolated James O’Connor and the Argentinans counterrucked to win the turnover, but then knocked the ball on five meters out from the Wallabies line.

By Simon Smale

55′ Penalty Argentina

The Wallabies are caught offside as Argentina flood forward with some nice passing plays.

The hosts are swarming all over the breakdown to create that quick ball which resulted in the offside penalty.

The penalty is just inside the Wallabies half, but they’ll kick for touch this time.

By Simon Smale

Key Event

53′ Penalty goal Argentina!

The Argentinians kicked deep straight away off the lineout after seeing a big gap in behind.

The Wallabies get back through Tom Wright but as he runs the ball back he gets isolated.

The kick from the ten-meter line is good from Emiliano Boffelli and the gap is out to 19 points, 29-10.

By Simon Smale

52′ Wallabies turn the ball over

Some good ball movement right and left from the Wallabies but then a pass out the back goes behind and it will be out for a lineout, that Argentina takes quickly.

By Simon Smale

50′ Penalty Argentina

Gee, the last couple of scrums have been all over the place.

That one moved sideways at a rate of knots before Taniela Tupou was pinged.

They kick up towards halfway.

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Categories
Australia

Thousands make fraudulent claims for disaster relief cash

The damage bill for the February flood disaster that ravaged Queensland and NSW is about $4.3 billion, the fourth highest from a natural disaster in Australia’s history. In total, Services Australia has received 3.5 million claims relating to the floods.

Federal Labor was critical of the former government over delays to flood assistance payments. But at least some of the delays are being caused by the increasing number of fraudulent claims, which are requiring resources to be put into investigations.

Over the past year, the agency has completed more than 916 investigations into alleged fraud against the natural disaster assistance program, resulting in more than 57 referrals to the Commonwealth Director of Public Prosecutions for criminal prosecution.

In July this year alone, the fraud profiling triggers stopped $7 million from being handed out to fraudsters.

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Many of the fraudulent claims were for the one-off $1000 cash payment that was made available after the NSW and Queensland floods in February.

Recent convictions for fraudulent claims include:

  • A NSW woman who used 42 stolen identities and 31 fabricated identities to claim payments for numerous natural disasters from the NSW bushfires in September 2019 to the Victorian bushfires three months later. She opened 42 bank accounts at nine banks in the names of the victims, but was later caught and sentenced to 26 months’ imprisonment and made to pay back $86,674 in March this year;
  • A NSW woman who was convicted and fined $1,332 for making a false claim after she stated that her holiday park residence sustained damage and received a $1,400 payment. The holiday park later confirmed there was no damage to the property;
  • A NSW man who provided a false address and false images of damage for the NSW bushfires in September 2019, later convicted and sentenced to four months’ imprisonment;
  • A NSW woman sentenced to an intensive corrections order for attempting to falsely claim a payment for the same event by providing a false image; and
  • Another NSW woman who used stolen identity papers to claim four fraudulent payments for the NSW bushfires in September 2019, later sentenced to 14 months’ imprisonment and made to pay back $20,342.

Get to the heart of what’s happening with climate change and the environment. Our fortnightly Environment newsletter brings you the news, the issues and the solutions. Sign up here.

Categories
Business

Melbourne woman injured after slipping on lettuce at Coles in Wyndham Vale loses appeal

Coles shopper who SUED the supermarket after slipping on a LETTUCE LEAF in the aisles loses court battle despite claiming she ‘suffered a whole person impairment’

  • Coles shopper who slipped on lettuce has lost her legal bid for compensation
  • Kanwaleen Bhelley claims she injured her knee and back in the fall in May 2020
  • Medical panel ruled she didn’t meet threshold required for compensation
  • She lodged an appeal to the court, alleging panel made jurisdictional errors
  • Victoria’s Supreme Court ruled in favor of panel and dismissed appeal

A Melbourne woman who claimed she injured her knee and back after she slipped on a piece of lettuce during a trip to the supermarket has lost her legal bid for compensation.

Kanwaleen Bhelley, 43, claimed she suffered a whole person impairment (WPI) of more than five per cent following the order at a Coles store at Wyndham Vale in May 2020.

Ms Bhelley’s medical reports supporting her claim that her impairment from the fall exceeded five per cent were rejected by the supermarket giant, which referred the case to a medical panel which assessed her in 2021.

The panel found Ms Bhelley suffered age-related degenerative changes to her spine and sacroiliac joints associated with rehabilitation treatment of her right knee.

The panel ruled her condition was stable and that she didn’t meet the WPI threshold required for compensation.

A Melbourne woman who slipped on lettuce at a Coles store at Wyndham Vale had her bid for compensation dismissed

A Melbourne woman who slipped on lettuce at a Coles store at Wyndham Vale had her bid for compensation dismissed

Ms Bhelley lodged an appeal against the decision in the Victorian Supreme Court, alleging the panel made jurisdictional errors.

‘In particular, she alleges that, in finding that her injuries did not satisfy the threshold level, the Panel either did not apply the Guides; mistook or misapplied the provisions of the Guides; or made a finding that was not open to it, or which was unreasonable,’ court documents state.

‘Mrs Bhelley submitted that, absent such error, the panel would have determined that her degree of whole person impairment resulting from her spinal injury was 5%, satisfying the significant injury threshold and in turn entitling her to claim noneconomic loss damages.’

Ms Bhelley claimed her injuries from the supermarket fall in 2020 caused pain, restricted her movement and limited her attendance at concerts and her temple.

Kanwaleen Bhelley claimed she suffered injuries to her back and right knee after slipping on a piece of lettuce at Coles (stock image)

Kanwaleen Bhelley claimed she suffered injuries to her back and right knee after slipping on a piece of lettuce at Coles (stock image)

She also alleged she could only drive for about an hour before experiencing lower back pain and did not run in fear of causing pain to her right knee.

‘She can stand for about 10 minutes before she has to stretch her back,’ the panel wrote in their report.

‘She can walk for about 30 minutes, (but) after about 500m she notices mild right knee pain, so stops walking to sit or stand for about 10 minutes.’

‘She can traverse stairs without difficulty, using alternate stair treads for both ascending and descending, with no lower back or right knee issues.’

Judge Andrea Tsalamandris acknowledged Ms Bhelley could still be suffering symptoms or complaints since the fall two years ago.

But she ruled the panel had not erred in their assessment and dismissed Ms Bhelley’s appeal when she handed down her judgment on Friday.

‘It was open to the panel to determine that Ms Bhelley’s complaints and symptoms were most appropriately categorized,’ Judge Tsalamandris wrote.

‘I am not satisfied that there was a jurisdictional error made by the panel, and therefore dismiss this application.’

A shopper has lost her legal bid for compensation from Coles (stock image of a Coles store)

A shopper has lost her legal bid for compensation from Coles (stock image of a Coles store)

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Categories
Entertainment

Chris Hemsworth shares a throwback photo of himself wearing a Batman shirt after starring as Thor

Chris Hemsworth shares throwback photo of himself wearing a Batman shirt after release of Thor: Love And Thunder: ‘My younger self would be so disappointed in my superhero choices’

Chris Hemsworth shared a throwback shot from his childhood to his Instagram account on Thursday.

In the photo, the 39-year-old performer was seen in his younger days while wearing a Batman costume and smiling for the camera.

The actor also wrote a short message in his post’s caption that read: ‘My younger self would be so disappointed in my superhero choices.’

Looking back: Chris Hemsworth shared a throwback shot from his childhood to his Instagram account on Thursday

Looking back: Chris Hemsworth shared a throwback shot from his childhood to his Instagram account on Thursday

Hemsworth’s post was shared just over a month after the premiere of Thor: Love And Thunder, in which he starred as the titular character.

The movie was centered on the Norse god as he recruited several of his friends to help him defeat Gorr the God Butcher.

Performers who were involved in the production of the Taika Waititi-directed feature include Tessa Thompson, Christian Bale and Russell Crowe, as well as the filmmaker himself.

Natalie Portman notably made a return to her old role as Jane Foster, who took on the identity of Mighty Thor.

Recent activity: Hemsworth's post was shared just over a month after the premiere of Thor: Love And Thunder, in which he starred as the titular character

Recent activity: Hemsworth’s post was shared just over a month after the premiere of Thor: Love And Thunder, in which he starred as the titular character

Development on the feature began in 2019, when the director signed on to helm the feature.

He previously collaborated with Hemsworth on the 2017 feature Thor: Ragnarok.

Much of the cast was brought together in 2020, and physical production took place the following year.

Thor: Love and Thunder premiered at the El Capitan Theater in Hollywood on June 23, and it received a wide release in the United States on July 8.

Going wide: Thor: Love and Thunder premiered at the El Capitan Theater in Hollywood on June 23, and it received a wide release in the United States on July 8

Going wide: Thor: Love and Thunder premiered at the El Capitan Theater in Hollywood on June 23, and it received a wide release in the United States on July 8

The movie received generally positive reviews from critics and currently holds a 65% rating on Rotten Tomatoes.

The film was also a hit with audiences and grossed a worldwide total of $705,744,337, according to Box Office Mojo.

Hemsworth spoke about working on the feature during an interview with Screen Rant, where he noted that he previously felt dismayed about what was being done with Thor.

He recalled: ‘I said, “Look, I’ll do it. But I feel a little stuck with what the character is doing. I feel a little bored.” And Taika said, “I’m bored of you too.”‘

Speaking his mind: Hemsworth spoke about working on the feature during an interview with Screen Rant, where he noted that he previously felt dismayed about what was being done with Thor

Speaking his mind: Hemsworth spoke about working on the feature during an interview with Screen Rant, where he noted that he previously felt dismayed about what was being done with Thor

The performer went on to express that he was fine with starring as Thor if new ideas were brought to the franchise.

‘As long as I keep getting to work with directors like this man, and cast that inspire me and bring something different out in myself and the character, then I’m down for whatever,’ he said.

Hemsworth also remarked that he particularly enjoyed working on the newest Thor feature.

‘It was basically dismantling and destroying everything we knew, and starting again. It’s completely refreshing, that experience and this one,’ he said.

Doing well: Hemsworth also remarked that he particularly enjoyed working on the newest Thor feature

Doing well: Hemsworth also remarked that he particularly enjoyed working on the newest Thor feature

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Categories
Sports

Wallabies smashed by Michael Cheika’s Argentina, scores, result, highlights

The Wallabies will return home with their tails between their legs after letting slip a golden opportunity in Argentina.

Dave Rennie’s men were left frustrated by an overturned try midway through the opening half, but they didn’t lose 48-17 in San Juan because of the moment.

Instead, not for the first time the Wallabies were slow out of the blocks and fell behind 14-0 after six minutes.

Argentina's Los Pumas wing Emiliano Boffelli (L) reacts after scoring a try at Bicentenario stadium in San Juan on August 13, 2022. Photo: AFP
Argentina’s Los Pumas wing Emiliano Boffelli (L) reacts after scoring a try at Bicentenario stadium in San Juan on August 13, 2022. Photo: AFPSource: AFP

The Wallabies felt like they should have taken the lead midway through the first half when James O’Connor touched down, but referee Karl Dickson instead sought the assistance of his TMO and it was deemed James Slipper had illegally cleaned his opponent out.

Former All Blacks star Andrew Mehrtens deemed the decision “ridiculous.”

Jordan Petaia got away a ball to James O’Connor to score. But the try was overturned. Photo: Getty ImagesSource: Getty Images

Michael Cheika’s men rubbed salt into the wound by scoring two quick tries to open up a 26-10 lead at the break.

A penalty to Emiliano Boffelli and prop Thomas Gallo’s second try saw Los Pumas pull ahead.

While Len Ikitau hit back after 66 minutes, but two late tries saw the home side pull away and punish the Wallabies for their mistakes to grab a bonus point.

The Wallabies were tactically outplayed, with their back three exposed by Argentina’s shrewd kicking game where they put boot to ball on 28 occasions.

Taniela Tupou had a mixed day at the office for the Wallabies in San Juan. Photo: Getty ImagesSource: Getty Images

In particular Tom Wright, playing his second Test at fullback, was exposed in the air and with his decision making.

The Wallabies were beaten at the set-piece too, with their scrum struggling at times and although their attack looked good at times their lack of discipline also hurt while their defense was poor.

Rob Valetini was one of the Wallabies’ best, with the back-rower continually getting over the gain line.

O’Connor, meanwhile, had a frustrating return after he was denied a try.

The playmaker didn’t get nearly as much ball in his hands as he would have liked and Rennie has a decision to make regarding his playmakers, but it appears he has muddied the waters by turning away from youngster Noah Lolesio.

Dave Rennie’s side struggled from start to finish against Argentina. Photo: Getty ImagesSource: Getty Images

The loss heaps more pressure on Rennie, with the Wallabies coach losing men on and off the field and struggling to oversee victories.

Slipper described the loss as “disappointing” and a step backwards after a “difficult” tour where they lost their captain Michael Hooper (personal health) and Quade Cooper (ACL).

Nor are they likely to have Hooper back when they take on the Springboks in a fortnight at Adelaide Oval.

Rennie’s side conceded a try after just 60 seconds as Jordan Petaia passed a ball too hot to handle for his back three teammate Wright and the home side ran away to score.

Argentina had a second after just six minutes to leave the Wallabies shell-shocked. But the stunned Wallabies rallied, finally getting their hands on the ball after some Fraser McReight brilliance at the breakdown won the visitors some ball.

From a lineout soon after Valetini charged over the gain line and captain Slipper hit back to score.

Three points from the kicking tee saw the Wallabies close to within four points.

Rob Valetini (C) put the motions in track for the Wallabies’ opening try. Photo: AFPSource: AFP

The Wallabies looked like they would go ahead, but O’Connor’s try midway through the second half was overturned after Slipper was pinged for an illegal cleanout.

Former All Blacks star Andrew Mehrtens slammed the call by referee Kael Dickson to reverse the decision, describing it as “ridiculous”.

The decision proved to be a 14-point swing soon after as Jeronimo de la Fuente scored in the 24th minute.

Seven minutes later Juan Martin Gonzalez scored to extend their lead out to 26-10.

The Wallabies had some luck of their own when Emiliano Boffelli was denied a try after the TMO Marius van der Westhuizen found no reason to overturn the initial no try ruling by Dickson. Boffelli’s lost ball came after some brilliance from Marika Koroibete in defence.

Mehrtens, however, disagreed, saying “I’m struggling to understand how the ball touching the ground is not compelling evidence”.

After a quieter start to the second half, at least from a points perspective, Wright’s inexperience at fullback was exposed again in the 52nd minute as the Brumbies back opted to run the ball back from rather than kick. It left him isolated as the Pumas got on the ball to win a penalty, which allowed Boffelli to add another three points from the kicking tee to see the home take a 29-10 advantage.

Ikitau hit back for the visitors, but two tries in the final five minutes of the Test saw the home side seal a convincing victory.

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Categories
Australia

‘These cows saved my life’: the Queensland farm offering healing cattle cuddles | Photography

Lawrence Fox acted quickly when he found out the cows on a friend’s farm were to be sold for beef.

The 34-year-old had sought refuge on the farm in Goldsborough, half an hour south of Cairns, after feeling burned out from his job as a business strategist – and had taken to spendings his days in the company of the farm’s herd of cows .

“I came to realize how unhappy I was, and how happy I became when I spent time with the cows. I grew up with racehorses that are very aggressive and will bite your hand off. If you go near them they can kick you in the face. But the cows were really big, sweet animals that allowed me to hug them and lie down with them. That was a gamechanger.”

Lawrence Fox with cows Amy and Sophia.
Lawrence Fox with Amy and Sophia on the Goldsborough farm.

Once he found out the cows were beef cattle, he says, and it was only “a matter of time” before they were going to be killed, he decided to buy them.

He was convinced that others would also benefit from the calming effect of the animals, and so he started Cow Cuddling Co, a cow therapy social enterprise in Far North Queensland designed to promote calmness and improvements in mental health and assist people to find employment.

“I wanted to make a point of employing people in need and people who, for whatever reason, aren’t able to work the kind of nine-to-five in an office setting, that’s a big part of the social enterprise model,” he says.

“The main thing that we focus on is employment opportunities for people living with mental illness, people who are neurodiverse, and people living with intellectual disabilities. As a member of the Queensland Social Enterprise Council we also donate a portion of our profits to COUCH, a cancer wellness center in Cairns.”

Fox says that currently, “people are paying out of their own pocket” to visit the farm, but that four NDIS providers have plans to include it in their programs this year.

“The idea is that it is not only sustainable as a cow therapy business, but also a vehicle to educate people about broader social issues in the community like mental illness.”

Patrick, 10, from Brisbane, who lives with autism, visits the cows in Goldsborough.
Patrick, 10, from Brisbane, who lives with autism, visits the cows in Goldsborough.

Fox bought the cows with cryptocurrency, giving each of them a personal asset wealth that exceeded their traditional market value. The cows were now worth more alive than dead; after all, they were no longer just beef cattle, they were therapists. When the MBA course he was studying at Central Queensland University required the development of a viable business model for an assignment, he decided his cow therapy business was the perfect example.

“We were allowed to use a business that we already owned or ran to work with, or we were allowed to make one up. I was initially going to make something up but in the end, this idea was crazier than anything I could have made up.

“A lot of corporate planning, strategy work and marketing was necessary for the business. But they are also assignments that I can be graded on.”

Cows Sophia and Milkshake.
Sophia and Milkshake on the farm.
Donna Astill feeding Amy and Milo.
‘I’m definitely an example of the benefits of cow therapy’ … Donna Astill feeds Amy and Milo.

‘These cows saved my life’

Donna Astill is Cow Cuddling Co’s first employee. A self-described sufferer of multiple and complex mental health issues, Astill says her new role has been life-changing.

“I have PTSD, borderline personality disorder, social anxiety, depression and rejection sensitivity disorder. I’m just a mixed bag. I struggle in life with a lot of things, even just getting out of bed.

“These cows saved my life.”

With Astill’s children now both 17, and close to leaving home, she developed the courage to visit a local employment agency that advocates for opportunities for people with health issues and disabilities, which connected her with Fox. Now Astill starts work at six in morning, herding cows in the rolling hills of Goldsborough Valley, tucked away at the foot of the Gillies Range.

“Each cow has their own personality, they’re just amazing. If someone told me last year that cows could make this much of a change to someone with mental health issues, I’d say ‘don’t be silly, that’s ridiculous’, but I’m definitely an example of the benefits of cow therapy .

“I’ve been here six months and I can definitely see the improvement in myself. My anxiety levels have decreased in every aspect of my life. I enjoy getting out of bed. I actually smile, when I’m not even at work.

Lawrence Fox.
‘I can already see that it’s healing people’…Lawrence Fox on the farm.

“My kids notice a huge difference. The impact these cows have had on my life, there are no words. It has definitely saved my life. Twelve months ago I wanted to drive my car into a tree. It’s been hard work trying to get to this point and without these beasts, I don’t think I would be in the position I am now.”

Fox is grateful that the cows have helped Astill get her life back on track. He is hopeful that they will help much more.

“The NDIS side of it has been a long road but it’s critical to have this option. We have parents who bring their young children with autism spectrum disorder. Without this farm, they would have to travel Innisfail to do equine therapy with those children, which is over an hour away from Cairns by car.

“We are in the early stages of proving that this model works, but I can already see that it’s helping people.”

In Australia, support is available at Beyond Blue on 1300 22 4636, Lifeline on 13 11 14, and at MensLine on 1300 789 978. In the UK, the charity Mind is available on 0300 123 3393 and Childline on 0800 1111. In the US Mental Health America is available on 800-273-8255

Categories
Business

Winning bets? Meme stock frenzy of 2021 makes a return | stock markets

Just like double denim, it seems some trends never really die. After flaming out in spectacular fashion last year, the meme stock frenzy of 2021 has made a return.

In recent weeks the share price of troubled retailers Bed Bath & Beyond and GameStop and the cinema chain AMC Entertainment have once again soared.

This may sound all too familiar. Last year all three companies were at the center of a meme-fueled “revolution” in investing as Gen Z and millennial investors piled into the stocks having apparently spotted something Wall Street had missed. GameStop shares rose from $3.25 in April 2020 to $347.50 in late January 2021 – a rise of 10,692%.

Many small investors then felt like they had hedge funds and big institutional investors on the run. Indeed, the frenzy came close to bankrupting a number of hedge funds. It didn’t last. By February the meme stock craze was unraveling and older heads were smugly smiling again.

Now the tide has turned again. Between late July and early last week, shares of Bed Bath & Beyond, a home goods store that has decidedly seen better days, had more than doubled. Movie-theater operator AMC Entertainment saw a similar bounce, while GameStop – the struggling US computer games retail company and perhaps the most baffling of that era’s stock darlings – bumped up close to 25%.

None of the three are considered winning bets in any conventional sense, and the rise in Bed Bath & Beyond came days before its stock was downgraded by the ratings agency Baird. “This frenzied move has been driven by non-fundamentally focused market participants,” Baird analyst Justin Kleber wrote in a note to clients.

This time, the battle may not be between younger day-traders flush with government stimulus checks and informed by online forums like Reddit’s WallStreetBets. Although social media chatter surrounding the stocks has increased, dueling hedge funds are also playing a part.

“Non-fundamentally focused market participants” is an apt way to describe traders at the height of the pandemic meme-stock frenzy. That time around the Reddit board was filled with memes about traders with “diamond hands” – unafraid to take bets against conventional wisdom.

This time too there are parts of Reddit’s investment community that are all in on the rally. Last week a user under the name of TheDude0007 explained on WallStreetBets that “this run is just beginning” and name-checked Ryan Cohen, founder of e-commerce company Chewy and chair of GameStop.

Cohen, known as a “meme-lord” for his influence over investors, was one of GameStop’s original boosters before taking on his chair. His meme-filled posts about him are scrutinized by his fans about him – even when they are almost impossible to decipher. In February last year, I tweeted a picture of a McDonald’s ice-cream cone alongside a frog emoji, sending traders on a search to decode its meaning. GameStop’s stock finished the trading day up 104%.

But according to an analysis by Bloomberg, the meme-stock return is evidence that they have unusually explosive properties. So many investors have bet that the shares in all these companies are worth zero, argues Jared Dillian, editor and publisher of the Daily Dirtnap. But the fact is that – as with any asset – they are worth what people will pay for them. As a result, stock prices of troubled companies can explode upwards at any moment if investors will pay more. “On Wall Street they call trying to profit despite this as ‘picking up nickels in front a steamroller’,” he writes.

According to Ihor Dusaniwsky, managing director at S3 Partners, the movement of the meme stocks is not coming from the Reddit board traders but from larger retail investors and the meme-traders are in a sense along for the ride.

“There isn’t a fundamental reason for a lot of these price moves,” Dusaniwsky told the Guardian. “A lot of it is fomo [fear of missing out] on the rally.”

One clue that this rally is different comes from the last is Robinhood. Once the favorite trading platform of meme traders, Robinhood is in trouble. As stock markets fell and Covid stimulus cash dried up, so did Robinhood’s business. Its number of active users has dropped from 22 million to 14 million, and its stock trades at around $10 after cresting at close to $60 a year ago after it went public.

Last week, Robinhood announced it would lay off 23% of its staff after it posted a 44% decline in revenues. CEO Vladimir Tenev said in a blogpost that the company had been hit by “deterioration of the macro environment, with inflation at 40-year highs accompanied by a broad crypto market crash”.

This time the meme-stock trading is spread across larger trading platforms, including Charles Schwab and E*Trade. That said, Robinhood – and Reddit – still offer clues to why these fundamentally troubled companies are hot again, Dusaniwsky said. “With Robinhood you get an idea of ​​what that cohort of traders are doing and that’s a good proxy for the rest of the market,” said Dusaniwsky.

“It’s really the same type of people – the same mentality. These guys are momentum traders, they’re not looking at the underlying fundamentals. They’re looking at riding the tide in and out, and it’s worked because the market is trending. The problem comes when the market doesn’t trend, and you get taken out to sea.”

Categories
Technology

How to watch live captions in your preferred language on Google Meet? Learn step by step

Google Meet Live Captioning Feature: Google Meet is arguably one of the most popular video conferencing platforms in the world. Over the past few years, the company has worked to improve it further by adding new features to this platform. The company has added features ranging from background blur to breakout room. When it comes to ease of use, Google Meet has gone to great lengths to provide the best functionality possible. In this episode, Google Meet offers its users a live translated caption feature, using which users can read live translated captions in their own language. This feature is very useful for people for whom language becomes an obstacle.

This feature translates phrases from one language to another in Google Meet in real time. Google says, “Google Meet’s Live Translated Captions feature helps make video calls on our platform more inclusive and collaborative by ‘breaking down language barriers’. It helps equalize information sharing, learning, and collaboration. This ensures that the meeting is effective for everyone.”

Google claims that this feature is very useful for organizing meetings or training meetings with teams around the world. Google also said the feature helps teachers better connect and interact with students. tell me, This feature can translate English meetings into French, German, Portuguese, and Spanish.

How do I enable Google Meet’s live translated captions feature on the web?

  • Open Google Meet on the web.
  • Go to the Settings option and then tap on the Caption option.
  • Now tap on the Translate Caption option.

How do I enable Google Meet’s live translated captions feature on mobile?

  • Open Google Meet on your smartphone.
  • Go to the Settings option and tap on Caption.
  • Now go to Live Caption option and tap on Translation Language option.

VLC Media Player: why Indian government banned VLC Media Player? know the reason

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Categories
Sports

Paul Green was lost without the game he loved

And all of a sudden he was dealing with two difficult coaching exits. Difficult for anyone. Impossible for someone not accustomed to failure.

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Green was moved on from the Cowboys in 2020 and then Queensland last year after a 2-1 series loss. Then, to make matters worse, Queensland won this year and the NRL team he helped turn into a force was back on top.

Green had read an article six weeks ago saying that he had been in the running for the Titans job, but due to the manner in which he left his past two positions, he was not considered. He was hurt by that, and started to wonder aloud if he needed to put himself in the public eye to change perceptions of him. I have considered going on a charm offensive in the media.

Wayne Bennett knew what Green had to offer, however. Bennett finalized a deal with Green to join the Dolphins during two meetings in the past 10 days. His only brief from him to Green was “to make me look good”, and he was told if he got a head coaching role he was free to leave. Bennett is known for his ability to read people. He saw nothing in Green to suggest what was to eat.

Nor did Mat Rogers, who lost his father, Steve, at the age of 51 following a long mental health struggle.
“This hurts so much for lots of reasons, but also because I’ve been through this,” Rogers said. “I played golf with him [Green] last Friday … he was talking about the boat he bought for the family and was asking me about the Titans and coaching.”

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His agent, George Mimis, spoke to Green at his son’s birthday on Wednesday about his Dolphins deal and Green said he would call him back the next day.

Raiders boss Don Furner spent a considerable part of Sunday and Monday talking about his concerns for the welfare of coaches without knowing how prophetic his words would be by Thursday morning. Furner wasn’t to know what would happen. Furner was talking about his own coach, Ricky Stuart, and the pressure he was under following his explosive comments about Panthers player Jaeman Salmon.

Stuart won’t like me writing this, but on Sunday morning he was in tears as he spoke to me about his attack on Salmon. He snapped after his club’s season was effectively ended by the Panthers and his tears from him were for his family from him and the pressure he put on them. He was not feeling sorry for himself, but he knew what he said reopened an old wound. He lost it momentarily in public when his personal life overtook his professional one.

Furner offered his best mate a week off. Stuart said no. Furner felt his mate needed it and feels the game is not doing enough for coaches. He thinks the mental strain they are under is too great.

Family members say Green would have tough and challenging days, but no more than other people. Or so it appeared.

Now his friends are rallying around his wife, Amanda, who has shown remarkable strength in horrible circumstances, and his children. They may never fully understand why their father has died. Nor may we.

Lifeline 131 114

Beyond Blue 1300 224 636

Chappelli signs off, calling it as he sees it right to the end

After calling his first game of cricket in 1977, Ian Chappell has broadcast his last. Chappell was the last working link to the halcyon days of Channel Nine’s legendary commentary team, and he had been employed by ABC radio. Those days are over.

“I remember the day when I knew I’d had enough of playing cricket,” he said. “I looked at the clock and it was five past 11 on a day of play and I thought, ‘Shit, if you’re clock-watching at that time, I have to go’.

Ian Chappell has retired from cricket commentary with ABC radio, ending a career that started in 1977.

Ian Chappell has retired from cricket commentary with ABC radio, ending a career that started in 1977.

“So when it comes to commentary, I’ve been thinking about it. I had a minor stroke a few years back and I got off lucky. But it just makes everything harder. And I just thought with all the travel and, you know, walking upstairs and things like that, it’s all just going to get harder.

“Then I read what Rabbits [legendary rugby league commentator Ray Warren] said with retirement and it really struck home when I read the bit where he said, ‘you’re always one sentence closer to making a mistake’.“

I sat down with “Chappelli” to reflect on a remarkable career.

Danny Weidler: You loved working for Kerry Packer, but it would have been a challenge.

Ian Chappell: Kerry wanted to sack me a couple of times. He used to get the shits about one-day cricket, because that was his baby. And I might have said something about one-day cricket. With Kerry it was just like a storm – you’d let it blow over til the next one came.

DW: Was Richie Benaud the greatest commentator you worked with?

IC: Well, everybody had their own strengths. But I learned more from Richie about life because, for some reason or other, Rich was very good to me. He always was, right from the start of my career.

DW: What did he teach you?

IC: He didn’t tell you things – you had to ask him. He’d suddenly say something and I’d think, ‘where’s that come from?’ Richie had that mind – he came from left field. Mainly what I learned from Richie about life was just watching him. But he was very, very strong on the business of, if you haven’t got anything to add to the commentary, you don’t say anything. So I just listened to him. I watched him. A lot of people thought that I copied Richie. Well, that was bollocks because I didn’t, but I learned from Richie and I learned a lot of good things from Richie.

DW: If I asked you to write one paragraph about Steve Waugh what would it be?

IC: Not very complimentary. I’d probably prefer not to.

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DW: What about Ian Botham?

IC: Well, I won’t speak to him, so why would I write anything about him?

DW: Have you ever had anyone confront you about something you’ve said in commentary?

IC: I think the only bloke who ever spoke to me was Kerry O’Keeffe, when we’re in England in ’77. I said something along the lines of that he was not in the class of Ashley Mallett. Kerry came up to me and said something and I said to him, ‘If you don’t like what I say, there’s a switch on the television, it starts with a “v”. I’d turn it down if I was you. And if that doesn’t work for you, turn the whole thing off’. That was my approach. If a guy didn’t like it, and he came to me with some suggestion, I’d listened to it. But if they were just bitching… I’d stand my ground. Kerry couldn’t blow wind up Ashley’s ass. He was a magnificent spin bowler; Kerry was a journeyman in Test cricket.

DW: Of the current Australian players, is there an all-time great?

IC: I’m not big on the ‘all-time great’ tag – certainly not about a current player, because I always think you’ve got to see their whole career. I’d say this about Pat Cummins. Firstly, anybody who thought that he wasn’t going to be a good captain is a dill. Because if you go back to Imran Khan, Imran Khan said that to be a good captain, you’ve got to understand bowling. Well, guess what? Cummins is going to understand bowling because he is a bowler. And, secondly, he’s far and away the most inspirational player in the team. So that’s a good combination to start. He seems to get a wicket for you when you need it. Just like Dennis Lillee.

DW: What do you want to be remembered for?

IC: It’s up to other people to decide what they think of me and some will think I’ve been all right. Some will think I’ve been a prick. That doesn’t bother me one bit.

Stream the NRL Premiership 2022 live and free on 9Now.

Categories
Business

Mercedes Formula E Team e-bike review

Mercedes has jumped into the electric bike scene with its recent releases of multiple luxury e-bikes. And with the popularity of personal electric vehicles, ie electric scooters, bikes and Segways, the luxurious new product could be the route for those who are seeking to ditch petrol with style.

Interestingly, when it comes to e-bikes and especially e-scooters, I see a lot of people assuming that it’s a lazy mode of transport. And originally, in my mind, buying an e-bike just seemed like a stepped-down, less impressive, motorbike.

However, e-bikes aren’t that comparable to a motorbike and they’re not as lazy as you might think. In fact, with all Australian e-bikes you’re required to pedal while accelerating. And so it turns out an e-bike is more like a regular bike, with some exercise still involved, but you get that extra bit of oomph to take you further and up the hills you’d usually avoid.

With the Mercedes Formula E Team e-bike, in collaboration with N+ Bikes, it seems the up-market car company hopes to bring the luxury of its brand to the e-bike experience. Mercedes says it offers “style and quality with European engineering”. And at first glance I was certainly impressed with the silhouette of the bike.

It has an alluring, slim profile, even though the battery is completely hidden inside the frame, unlike other e-bikes which have an obvious chonk strapped to the side or squeezed under the seat.

It’s only when you look at the chain-ring and the bike’s cassette (ie. the pedally bits) that you notice some extra thickness, which visually gives away that this isn’t a regular bike.

In fact there’s a fully integrated drive train (the chain part of the bike) and being a carbon belt drive, it offers constant variable transmission, which is pretty fancy for a bike. This means that in comparison to a regular bike chain there aren’t any clunky gear changes, especially as you pump the acceleration.

Additionally, the bike has puncture resistant tires and hydraulic brakes, so you’re getting some fairly premium features here.

The bike is made of Aluminum 6061, weighs in at 20kg, and looks sleek in its single matt black colourway. Its top speed is 25km and its range is 70km on a charge. It takes three-and-a-half hours to charge up to 100 per cent. You’ll see a lot of this info on the LCD display while you’re riding, as it’s integrated into the center of the handlebars and is also pin-code protected (on start-up) for security.

Although still a little heavy, the bike itself is surprisingly manoeuvrable while riding and definitely has the smooth gear change as expected, along with a decent kick speed when required.

It oozes quality manufacturing, however, the one accessory it’s surprisingly missing are headlights and tail lights, and coming from a car brand I feel like this is a funny oversight.

But that’s a simple fix and I’ve seen other user reviews mentioning that “although it was strange they didn’t include lights”, the bike still exceeded their expectations.

Although I can admire the design, this e-bike has definitely been created with blokes in mind who have some cash to splash. The seat is classically tiny, hard and skinny which you see on bikes marketed to men. So as it stands, with my preference of a wider, cushioned seat, I can’t see myself taking it out on super long rides.

I suppose it’s race-car style though, which goes along with the theme, and it was an awesome bike to try out nonetheless. Aside from that, my test model was a little tall for my short stature. However, there are three different frame sizes which allow people from around 5ft 4” all the way up to 6ft 6” to ride. Though apparently this bike is specifically “optimized for riders over 165cm” (5ft 4”).

At the end of the day e-bikes are great at getting people of any fitness level out and about and you’ll find yourself becoming a little more adventurous, riding new places that maybe you would’ve avoided before. And because you can’t just accelerate mindlessly, you still burn some calories even if you’re cruising along.

A Mercedes e-bike will set you back double the cost of a regular e-bike at $4928. But if you want the best in class and have the cash then the Mercedes bike is certainly worth a look.

Elly Awesome is an Aussie tech and lifestyle vlogger | @ellyawesometech | Youtube

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