Australia and New Zealand – Page 60 – Michmutters
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Entertainment

Open relationships: Abbie Chatfield’s only sees boyfriend Konrad Bień-Stephen twice a week

When Abbie Chatfield revealed she was in an open relationship with boyfriend Konrad Bień-Stephen, people had a lot to say.

Despite the onslaught of unsolicited criticism she received, the “outspoken influencer” has been candid about their romance, regularly explaining why being “non-monogamous” works for them.

Now the 27-year-old has detailed exactly what makes the couple click in an exclusive new interview with Stellar magazine.

“I’ve never been upset or threatened by someone (I’m in a relationship with) sleeping with someone else. It’s my kink. I just never really valued monogamy that much,” she told the publication.

“It sounds awful, but I don’t really see him all that much, maybe two days a week. I don’t know if it’s scarcity, but he’s very good at communicating, and so am I.”

The couple first spoke out about their open relationship in February, sparking a barrage of criticism online that Abbie labeled “embarrassing”.

“Some of you f**kers are so embarrassingly triggered because you’re so insecure, you’re like ‘but if you love someone’, not me, not him,” she said on an episode of her popular podcast It’s A Lot.

“It’s fine, if that’s how you feel, be monogamous, love that for you

“But why do you care if I f**k someone else or he f**ks someone else.”

In a separate Instagram Stories post, Abbie told everyone who had strong opinions about their romance to “get a grip.”

“Just because you want everyone to want monogamy as much as you do, doesn’t mean that someone not wanting monogamy is a bad thing,” she said.

“Why does it affect you which genitals touch each other? Get a grip.”

Since first going public, Abbie has also been open about the highs and lows of being non-monogamous, most recently revealing she’d “finally” had sex with someone else.

The new Masked Singer panelist proudly announced she’d got some action during a podcast episode talking about her night at the 2022 Logies on the Gold Coast.

“I finally rooted someone which is nice. Good for me,” she said.

As well as discussing the dynamics of her relationship, Abbie also told Stellar she had “no idea” she would become so successful off the back of her stint on TheBachelor in 2019.

“It’s been fast and overwhelming and I do feel like a fish out of water a little bit,” she told the publication.

“On The Masked Singer I sit there with my water bottle thinking, ‘What the f*ck? Why am I sitting next to a Spice Girl’ and ‘how did all this happen?’

“It’s been a lot very quickly and I’m very grateful. But it also makes me think that it can very easily be taken away.”

Read Abbie Chatfield’s full interview in Stellar, available now in The Sunday Telegraph, Sunday Herald Sun and The Sunday Mail

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Entertainment

The Queen needs Kate Middleton needs to take less holidays

There is a strange schism when it comes to the royal family and holidays: The royals love taking lengthy stretches off from the business of the monarchy… but their holiday homes are pretty grim.

Sandringham, the Queen’s Norfolk estate where Christmas is spent, looks like the setting of a gothic horror story while Balmoral, Her Majesty’s Scottish home, was partially modeled after a Bavarian schloss. All that forbidding gray stone and all those mock medieval turrets are enough to give even the bravest of young HRHs lifelong nightmares.

And yet when it comes to holidaying, the House of Windsor are nonpareils. Princess Margaret used to jet off to Mustique and crisp herself in the Caribbean sun with egregious regularity (you could probably still catch a whiff of coconut oil long after she was back demanding whiskey in the some London drawing room) while the Queen Mother promptly bought herself a holiday castle – the Castle of Mey – and would decamp there for generous stints, far away from anything so bourgeois as work.

And unfortunately this royal tradition of holidaying like it was a competitive sport is one that William and Kate, Duke and Duchess of Cambrdige, are eagerly carrying on. In the last 18 months they have taken nearly four months off and are currently in the middle of their roughly two month-long annual summer holiday.

While the duke and duchess are set to roll up to the Commonwealth Games in Birmingham this week to wave the Union Jack and prove how good they are at cheering, in a normal year, once the final Wimbledon trophy is handed over in July, it’s time to get out the Ambre Solaire, with the duo not returning to their posts until early autumn.

This year, sure June was a busy month for the Cambridges given all that Platinum Jubilee waving they had to do, but as is usually normal, in July we have only seen Kate at a charity polo match and in the Royal Box at Wimbledon, hardly a demonstration of regal elbow grease. (Any sort of ‘work’ that can be done while holding a chilled glass of Pimms hardly counts as hard graft now does it?)

August, as unusual, will see Kate disappear off the radar completely, usually only popping back up around mid-September.

Likewise, in 2021, the only official engagements that Kate undertook in July involved watching tennis and soccer, after which she proceeded to take nearly nine weeks off, meaning that from the end of June until mid-September her out-of-office was essentially on.

The same schedule also held for William, apart from two meetings about the Earthshot Prize he managed to squeeze in and one church service. Gosh, however does he manage to get so much done?

The couple have, in roughly the last year, been to France twice (for Kate’s brother’s wedding and for a skiing holiday) and to Jordan, not to mention spending time in Scotland and Norfolk.

There’s no way around it: William and Kate have a holiday problem.

And, as we all know, the first step is admitting it.

At issue here is that just because they can take months of the year off and that traditionally members of the royal family have, does not mean they should.

For years now, the couple and their team have been focused on building Brand Cambridge, that of them as a hardworking and oh-so-normal couple. Look at them, out there boldly taking the most pressing issues of the day, including mental health and climate change, and then getting home for bath time!

This is the formula that has been cooked up to try and ensure that the monarchy survives yet. The idea seems to be to let Prince Charles be, well, Prince Charles, rabbiting on about hedgerow preservation and delivering the occasional barnstorming speech about the environment and his Aston Martin that runs on white wine (really) and Britons will grudgingly tolerate him.

Meanwhile, alongside all that we have William and Kate pioneering a much pluckier, more engaged and more proactive version of royalty that also features quite the cult of personality.

Central to the nascence of Cambridge Inc. is the couple’s relatability and willingness to be vulnerable. We’ve heard Kate talk about the loneliness of new motherhood and appear on a parenting podcast while William has regularly opened up about the emotional toll that his years of him as an air ambulance pilot took on him and his grief over the loss of his mother.

These touchy-feely outings are not one-offs but a core part of their public personae, all about transforming them into the first senior members of the royal family who are viewed as genuinely human and who are in touch with the real world; who have done more than just spy the hoi polloi when peering out at the world through the window of a golden carriage. (They have one of those of course, but it’s terribly unwieldy for the school run.)

But for all the H&M dresses Kate wears, they are not a normal middle-class family, no matter how many Audi station wagons they add to their fleet and how many times young Prince George is taught how to use the self-checkout at Waitrose.

The duke and duchess can take vast swathes of time off whenever they fancy because they have complete control over their schedules, aside from key events like Trooping the Color and Remembrance Day, meaning they can spend a week on the beach, even if it is in the Cornish Isles of Scilly, rather than at their 19th century mahogany desks whenever the mood strikes.

Nor do they have, as the vast majority of the world does, have a very finite amount of leave to be carefully husbanded and can instead beetle off for some more quality time in famille, Harrods buckets and spades in tow, whenever they fancy.

But, it’s time for the Cambridges to give up this royal perk. They can’t have their nearly one hundred days of holiday per year and still go about trying to sell themselves as the Duke and Duchess of Relatability.

Every time William and Kate accidentally remind the world just how fundamentally not normal their lives are it jeopardises all the work they do the rest of the year to sell themselves as the approachable faces of the modern royal family.

There is also the fact that this pesky bad habit also serves to revive the Lazy Kate narrative that haunted her for years. Prior to their wedding, in 2008, the Daily Mail reported that the Queen thought Kate needed to get a job.

“The Queen has admitted she has no idea what Kate actually does,” a senior aide said at the time and that Her Majesty is “of the opinion that Kate should be working. She believes in a modern Monarchy and feels very strongly that the Royals should be leading by example.”

A source close to Kate said back then, “Mostly she just waits for William to come home so that they can go on another holiday.” (Ouch.)

Then there is the fact that the duo only began full-time royal duties in 2017. Diana, Princess of Wales, by contrast, was chucked in the deep end and shunted off to charm the masses in regional town centers before she had even gotten all the wedding confetti out of her hair.

What anyone worth their Walter Bagehot knows is that the British monarchy, in the coming years, is in for its greatest test since Oliver Cromwell started getting ideas. The next king is a man who garners tepid, at best, support, at a time when the royal house has suffered a series of body blows in recent years it has yet to recover from, thanks to Prince Andrew’s horrifying behavior and the seismic eruptions of Harry and Meghan, Duke and Duchess of Sussex.

Things for the Crown are not exactly looking tickety-boo, hence why so much is resting on William and Kate.

And yet, they seem willing to gamble all the gains they have made to take time off from their duties with the sort of enthusiasm that Margraret probably reserved for the arrival of every new 20-something barman at her favorite Mustique watering hole.

Of course the duke and duchess should get a holiday and of course they should not have to apply for leave from their manager (though the image of the 96-year-old Queen spending part of her day green lighting holiday requests from HRHs is fun) . But those crazy kids have to find some sort of middle ground between the extreme privilege of royalty and the image of them as hardworking, ordinary parents who just happen to have the keys to the Tower of London. (Yes, I know, they don’t actually have them but they could certainly get their hands on them they couldn’t they?)

It’s time for William and Kate to channel less Princess Margaret and more Princess Anne. And when it comes to the Princess Royal, the swimsuit industry’s loss has only been the monarchy’s gain …

Daniela Elser is a royal expert and a writer with more than 15 years’ experience working with a number of Australia’s leading media titles.

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Business

Sydney couple build $1.2m property portfolio in just three months

A Sydney couple, who had been priced out of upgrading their family home, have managed to create a property portfolio worth $1.2 million in the space of just three months.

Amit Kumar and his wife Astha had bought a townhouse in the Sydney suburb of Quakers Hill for $610,000 six years ago.

Despite saving hard and their family home growing in value to $780,000, the couple who have two children aged three and five, discovered Sydney’s skyrocketing property market would mean it was impossible for them to find a new property in the city.
They had discussed the idea of ​​buying other homes but were nervous.

“It was the fear of the unknown,” Mr Kumar said. “You just don’t know what to do, you don’t want to overpay, you don’t want to buy the wrong place and then have it vacant for long periods and with no tenants,” he told news.com.au .

“You don’t know where the growth is going to be and you don’t know what the projects are in certain areas and things like that.”

But the couple met with a buyer’s agent and took the plunge in April, snapping up two properties in that month alone.

The first was in Adelaide in the southern suburb of Christie Downs, a three-bedroom, two-bathroom house.

They purchased it for $425,000 and it has already grown in value by approximately $60,000.

The second property was purchased in Toowoomba, Queensland – a three-bedroom house for $455,000, which has also jumped in value by $50,000.

“We were very nervous, particularly because they actually settled very close to each other… the settlement was two days apart,” he said.

“And also complicating things further was the Easter break and the Anzac Day long weekend happened as well, so it was all on short notice.

“I think at the time there was an election coming up, we didn’t know what the policies were going to be, we didn’t know what the interest rate was doing and how it’s going to affect us.”

But the gamble has paid off so far with Mr Kumar revealing they had 20 rental applications for the Adelaide house before the open home was even held.

“So we had a very large number of applications to actually choose from and we actually managed to get more than what we actually hoped to achieve in terms of rent,” he said.

“So when we bought the place, we were told $410 is a realistic expectation in terms of rent, but we actually ended up achieving $420.”

The Toowoomba home was already tenanted but Mr Kumar said it was at a significantly lower amount to the market rate.

They were told they would get $450 for the place, but after the previous tenant moved out, it was only empty for three days and then rented out for $470, he said.

Their latest buy has been in Bundaberg, a house for $387,000 snapped up in July, which is expected to rent out for $460.

All three properties were also bought sight unseen, Mr Kumar added, while the rents cover their mortgages.

The couple paid $65,000 to $70,000 for each place including stamp duty, using a 12 per cent “sweet spot” deposit recommended by their mortgage broker.

Mr Kumar, who works in sales, said the couple still plan to use their portfolio as a “stepping stone” to buy a bigger place in Sydney in the next 12 to 24 months, but they won’t stop there.

The 39-year-old never believed it would be possible to build a property portfolio but now the couple have a goal to buy eight to 10 properties in the next five to seven years.

He advised others to get into the property market as soon as they can, adding people shouldn’t be influenced by the market, but instead focus on the long-term goal of building value in their property.

“One of the things the buyer’s agent said to me and it’s just stuck out in my mind is that the earlier you buy, the sooner you buy, then the more time you’re allowing for capital growth and timing is not as critical as just getting into the market,” he said.

“Because if you buy the right property at the right price, timing is not such an important factor.

“All three properties that he’s bought for me, we’ve actually managed to get all of them under market value, so what it means is indirectly like even already now by the time we settle, we already have some equity.”

Read related topics:sydney

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Business

2022 Skoda Kodiaq Sportline review

Skoda’s flagship seven-seater Kodiaq straddles the medium and large SUV segments and boasts clever use of space and strong driving dynamics.

Our family of four sampled the mid-grade Sportline, but does the brand and model still represent value and smarts?

FIRST IMPRESSIONS

Jules: I’ve a serious soft spot for Skoda’s Kodiaq.

Iain: why?

Jules: It’s hard to pinpoint the rules of attraction. It’s imposing but not too big, stylish without trying hard and lives up to its “Simply Clever” ad slogan.

Iain: Well, quite clever. It just about seats seven and offers reasonable performance. Skoda’s still a fringe brand, so you feel less sheep-like than you would in a Toyota or Kia.

Jules: Our Kodiaq’s the bad boy. Being the Sportline it’s black on black on black.

Iain: Like a middle management Mafioso not yet able to get a black Mercedes AMG for school drop off.

Jules: If you like.

Iain: Goodies include Matrix LED headlights, animated rear indicators, 20-inch alloys and black grille, roof rails, mirrors and badging.

Jules: What’s this all costing me?

Iain: A reasonable $57,990 drive-away, but Skoda value ain’t what it used to be. Option packs quickly add to the bill, too.

THE LIVING SPACE

Jules: It’s seriously luxurious inside.

Iain: Because of the aforementioned options. It’s $1900 to upgrade from Alcantara sports seats to leather with ventilation; the panoramic sunroof’s $1900 and a $3700 Luxury Pack brings heated front and rear seats, an electric passenger seat and advanced driver aids. Without the latter, safety kit is really wanting.

Jules: So what’s the final bill?

Iain: Wait. There’s more. Paint is $700 and a $2900 Tech Pack adds adaptive chassis control, Canton audio, hands-free tailgate and parking assist. Try $69,160 to drive away.

Jules: Is that Kodiaq RS money?

Iain: It’s $74,990 with those options included, plus you get an extra 48kW from its 180kW 2.0-liter engine.

Jules: That’s me sold. The Sportline’s still lovely though. Great to have a digital dashboard, wireless CarPlay and Android Auto, wireless charging and a 9.2-inch touchscreen.

Iain: It feels sporty. The steering wheel’s chunky, there’s faux carbon dash trim and racy red lighting in the driver display, doors and footwells.

Jules: There’s an umbrella in the door, as well as handy luggage nets and massive storage compartments.

Iain: Not so clever are central cup holders too small for my coffee cup or sports bottle. On the plus side, there’s good storage in the doors, which also house a small waste bin.

THE COMMUTE

Jules: I’m waiting for the Sport in Sportline.

Iain: Keep waiting. There’s only 132kW from the four-cylinder turbo petrol, and it’s got 1750kg to shift.

Jules: It’s an impressive cruiser. Quiet, comfy and the radar cruise control works with the banging sound system to keep me happy.

Iain: I found the seats overly firm, but driver aids are subtly non-invasive. Its dual-clutch gearbox is super slick when up to speed but jerky around town. It’s also sluggish off the line, which caught me out at junctions more than once.

Jules: No chance of a quick three-point-turn, something we mums need at school drop off. There’s a big delay getting between Drive and Reverse.

THE SHOPPING

Iain: They’re cost options, but the hands-free tailgate and birds-eye view camera are brilliant for the supermarket.

Jules: The normal reversing camera is surprisingly poor quality. The massive boot compensates and you can even fit a few shopping bags with all seven seats up.

SUNDAY RUN

Iain: It has impressive cornering skills. The optional adaptive drive mode adjusts things such as damping and steering in Sport mode.

Jules: I love those drive modes. Ambient lighting turns green in Eco, blue in Comfort and red in Sport. There’s even a snow mode and it all turns cool blue. That tickles me.

Iain: It’s good fun to throw into corners and the gearbox is at its best at speed. Steering wheel paddles are a welcome bonus. Grip from the Pirelli tires is good, but they’re quite skinny so you feel harsher bumps through them.

Jules: It is fun on back roads but ours is so closely priced to a Kodiaq RS I’d pay the extra for more power and theatre.

THE FAMILY

Iain: I worry our kids are being brought up in a heated leathery seat bubble.

Jules: They’re spoiled in the middle seats, which recline, slide back and forth and have mini foot rests. The sunblinds are handy, while the huge sunroof bathes the cabin with light.

Iain: Their own climate control is good, but do you know what’s simply not clever? Do not rear USB ports. For a family SUV? That just doesn’t make sense.

Jules: It’s also a bit of a mission accessing the two rear seats.

Yoain: They’re best for kids. I’m six foot and my head’s on the ceiling and knees are jammed in.

Jules: We averaged 8L/100km on the highway and 9.1L/100km overall. Not great as it needs 95 fuel, but at least a $1800 five-year service pack is decent value.

Iain: As for adventuring there’s scope for mild off-roading. It tows 2000kg but the downball weight’s a paltry 80kg.

THE VERDICT

Jules: The Kodiaq is striking to look at and beautiful inside, but those options make it feel expensive compared to Kia, Hyundai and Mazda rivals.

Iain: It’s superb to drive and behold but is missing some standard safety gear, there are no rear USB ports and it’s quite thirsty. It’s not the smart, value pick it once was.

SKODA KODIAQ SPORTLINE VITALS

PRICE From $57,990 drive away

WARRANTY AND SERVICE 5 years/unl’td km warranty, $1800 for 5 years

ENGINE 2.0-litre 4-cyl turbo-petrol, 132kW and 320Nm

SAFETY Nine airbags, auto emergency braking, radar cruise control

THIRST 8.2L/100km

SPARE space saver

BOOT 270-765 liters

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Categories
Sports

Ellesse Andrews denied silver medal after bizarre ruling, cycling news

Rather than receiving a silver medal for her efforts in the team pursuit, New Zealand’s Ellesse Andrews was instead given an unusual prize — a AU$300 fine.

The Kiwi cyclist was a late addition to the New Zealand team who claimed silver in yesterday’s final at Lee Valley VeloPark, having ridden to the rescue following Ally Wollaston’s wrist injury, the NZ Herald reports.

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The highly fancied pursuit team needed four women on the start line to compete at these Commonwealth Games and, with no reserves in the squad, Andrews added to her busy schedule by filling the void.

With the team sprint her main focus on Saturday — an event in which she would later win gold — Andrews immediately dropped away from the quartet in both qualifying and the final against Australia, leaving her teammates to compete as a trio.

Michaela Drummond, Emily Shearman and Bryony Botha did a pretty good job of that, earning themselves and Andrews a silver medal that the sprint rider would have never expected before Birmingham.

And now it’s been revealed it’s one she will never get.

New Zealand's Ellesse Andrews.  Photo by ADRIAN DENNIS / AFP
New Zealand’s Ellesse Andrews. Photo by ADRIAN DENNIS / AFPSource: AFP

With her sprint duties taking obvious precedence, Andrews didn’t attend the medal ceremony when the Kiwis received their silver, and fell afoul of a bizarre UCI ruling.

According to an official communication released by the Commonwealth Games, Andrews has been punished for her absence with a fine of 200 Swiss francs, a loss of her silver medal and docking of any UCI points.

While the result will remain on Andrews’ record and she will still be known as a silver medalist in the team pursuit, she won’t have the shiny piece of metal to show for her efforts.

The 22-year-old will instead have to content herself with the team sprint gold she won yesterday — and any further medals the talented rider claims in her three individual events.

This article originally appeared on the NZ Herald and was reproduced with permission

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Categories
Sports

Commonwealth Games 2022: Ellesse Andrews denied silver medal after bizarre ruling, cycling news

Rather than receiving a silver medal for her efforts in the team pursuit, New Zealand’s Ellesse Andrews was instead given an unusual prize — a AU$300 fine.

The Kiwi cyclist was a late addition to the New Zealand team who claimed silver in yesterday’s final at Lee Valley VeloPark, having ridden to the rescue following Ally Wollaston’s wrist injury, the NZ Herald reports.

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The highly fancied pursuit team needed four women on the start line to compete at these Commonwealth Games and, with no reserves in the squad, Andrews added to her busy schedule by filling the void.

With the team sprint her main focus on Saturday — an event in which she would later win gold — Andrews immediately dropped away from the quartet in both qualifying and the final against Australia, leaving her teammates to compete as a trio.

Michaela Drummond, Emily Shearman and Bryony Botha did a pretty good job of that, earning themselves and Andrews a silver medal that the sprint rider would have never expected before Birmingham.

And now it’s been revealed it’s one she will never get.

With her sprint duties taking obvious precedence, Andrews was missing from the medal ceremony when the Kiwis received their silver, and fell afoul of a bizarre UCI ruling.

According to an official communication released by the Commonwealth Games, Andrews has been punished for her absence with a fine of 200 Swiss francs, a loss of her silver medal and docking of any UCI points.

While the result will remain on Andrews’ record and she will still be known as a silver medalist in the team pursuit, she won’t have the shiny piece of metal to show for her efforts.

The 22-year-old will instead have to content herself with the team sprint gold she won yesterday — and any further medals the talented rider claims in her three individual events.

She told TVNZ she was not fussed about missing out.

“I’m really glad I could help them continue their race,” she said.

“I’m really really glad that they were able to get off the line.

“The three girls are the ones that did the work so I’m really proud they were able to get up there and get their silver medal.”

This article originally appeared on the NZ Herald and was reproduced with permission

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Categories
Sports

Michael Masi death threats, abuse, interview, championship race, Lewis Hamilton, Max Verstappen

Axed Formula One race director Michael Masi Sunday revealed he was bombarded with “vile” abuse and death threats after his stunning call that cost Lewis Hamilton an eighth world title.

The 44-year-old was removed from the high-profile job over his management of the season-ending Abu Dhabi Grand Prix last year and quit the sport’s governing body FIA this month to return home to Australia.

I have told The Daily Telegraph he feared for his life after the sequence of events that led to Red Bull’s Max Verstappen passing Hamilton to deprive the Mercedes star of another crown.

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Vettel to retire at the end of the season | 01:32

“There were some dark days,” Masi said in his first substantive interview since.

“And absolutely, I felt like I was the most hated man in the world. I got death threats. People saying, they were going to come after me and my family.

“I still remember walking down the street in London a day or two later. I thought I was OK until I started looking over my shoulder,” he added.

“I was looking at people wondering if they were going to get me.” Masi called in the safety car for the final lap in Abu Dhabi, then controversially allowed the backmarkers between race leader Hamilton and Verstappen to unlap themselves.

That led to a one-lap shoot-out between the Briton and the Dutchman, who with fresh tires on his Red Bull car had a huge advantage which he exploited to pick off Hamilton and seal the title.

F1 LIVE: Mercedes young gun eyes maiden win after stunning pole, Mad Max meltdown

Michael Masi, removed as Formula One race director over his management of the season-ending Abu Dhabi Grand Prix last year, left The FIA, the sport's governing body.  (Photo by Nhac NGUYEN / AFP)
Michael Masi, removed as Formula One race director over his management of the season-ending Abu Dhabi Grand Prix last year, left The FIA, the sport’s governing body. (Photo by Nhac NGUYEN / AFP)Source: AFP

Mercedes and Red Bull had both put pressure on Masi to make decisions which would have helped their driver, with the former left incensed as they believed he followed their rivals’ suggestions.

They threatened legal action with Hamilton so disillusioned there were fears he would walk away from the sport.

Masi can’t talk about the decision due to non-disclosure agreements with the FIA, the newspaper reported, but he said the following months were hellish.

“I was confronted with hundreds of messages,” he said.

“And they were shocking. Racist, abusive, vile, they called me every name under the sun. And there were death threats.

“And they kept on coming. Not just on my Facebook but also on my LinkedIn, which is supposed to be a professional platform for business. It was the same kind of abuse.”

Michael Masi opened up on the ordeal. (Photo by Clive Rose/Getty Images)Source: Getty Images

The Australian said he tried to ignore them, but they impacted his mental health.

“I didn’t go and talk to a professional. With the benefit of hindsight, I probably should have,” he said, adding that the FIA ​​was aware of the abuse, “but I think I downplayed it all to everyone including them”.

Masi decided to leave the FIA ​​a fortnight ago after three years as Formula 1 race director and safety delegate following his appointment after the sudden passing of Charlie Whiting in 2019.

“It took me a while to process it all,” he said of the Abu Dhabi fallout. “But at the end of the day I thought it was best for me to come back home and be close to my support network.” Since the Abu Dhabi race, the FIA ​​announced measures to ease the pressure on the race director and also altered the mode of communicating with him.

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Business

Economy: Winners of rising interest rates revealed

Homeowners and renters are bracing for more bad news with interest rates tipped to rise again, but there are some people who are benefiting more than others.

Household budgets are being stretched to their limits after inflation hit a massive 6.1 per cent and cost of living pressures, including the prices of groceries and fuel, continue to mount.

But financial experts say some parts of the community are enjoying economic success during this difficult time.

So who are the winners of rising interest rates?

Financial planner and Edith Cowan University lecturer Damon Brown told NCA NewsWire there were two big winners — withdraw and people who locked in fixed rates before the cycle changed.

“Retires who are invested in cash have been doing it tough for the past five years because interest rates on their cash have been very low and below what Centrelink deems them to be earning,” he said.

“For the older people Centrelink deems them when it comes to their the age pension they can receive.

“So it’s called deeming, which is what the Centrelink assumes they can earn from their money, but they might not actually earn that money.

“An example might be my mother who invests all her money in cash. She’s been receiving one per cent interest rate for the last few years but Centrelink assumes that she earns a bit more than that. And so she’s receiving less Centrelink entitlement.”

Mr Brown said people who locked in fixed rates before the cycle changed, like him and his wife who secured a rate just under two per cent, were also doing well.

“We actually locked in for three years a year ago, so we’ve still got another two years to take the big difference,” he said.

Daniel Kiely, a senior research fellow at the Bankwest Curtin Economics Center, told NCA NewsWire rising interest rates were not necessarily a bad thing.

“If the increase in interest rates that we are seeing both in Australia and in other global jurisdictions flow through to the economy, and in turn lead to lower inflation, we will all be winners in the long-run.” he said.

“Lower inflation will make it more unlikely for a global recession to occur.”

In the shorter-term, Dr Kiely said savers would get higher returns on their savings accounts, but the speed at which this occurred would vary from bank to bank and depending on the type of savings account.

“Withdraw may benefit too, if savings supplement another source of income such as a pension,” he said.

“However, for savers and retirees to see the full benefit of such returns, inflation will need to come down substantially.”

Dr Kiely said there was a double edge sword for potential homeowner investors.

“Higher interest rates may stem house price increases and help those saving for a home,” he said.

“But, higher interest rates will also reduce borrowing capacity for many wishing to enter the housing market.”

LCI Lending partner Domenic Romeo said there were still more losers than winners.

“However, the people who have savings in a term-deposit or savings account will benefit from higher interest income rates,” he said.

“Some property investors may find themselves in a better position to purchase a property, due to the softening property prices too.”

In this month’s Finder RBA Cash Rate Survey, 26 experts and economists agreed the cash rate would change on Tuesday, with 23 of them predicting another increase of 50 basis points.

That would bring the cash rate to 1.85 per cent in August.

“A 50 basis point rate increase will see the average Aussie homeowner forking out an additional $610 per month compared to what they were paying four months ago,” Finder’s head of consumer research Graham Cooke said.

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Categories
Business

Inflation: NYC shop Duane Reade locks up Spam in antitheft cases

It’s the nation’s crises in a can.

Inflation and crime have gotten so bad in New York that even cheap meat like Spam has to be locked up, the New York Post reports.

At Duane Reade’s store in the Port Authority bus station, the shelf-stable product — only $US3.99 ($5.70) a can — is now being stocked in plastic, antitheft cases.

“I’ve never seen that before!” one cashier laughed while using a magnet to remove a can of Spam from its cage from him.

The cashier was among the employees, tourists and store regulars stunned that the iconic blue-and-yellow cans are now being kept under lock-and-key — some even poking fun at the sight as “a sort of Jeff Koons homage,” per one viral tweet.

Jenny Kenny, 43, who was visiting from Kentucky, was aware of the ongoing crime waves hitting cities like New York and San Francisco, but still couldn’t believe the sight of “so many things in boxes.”

“Some of these things are pretty ridiculous,” she said.

As prices and crime skyrocket, New York City stores have taken to locking up staples like toothpaste and soap to prevent crooks from stealing and then hawking the products on the sidewalk or online marketplaces like Amazon and eBay.

Yet some shoppers were confused why Spam, along with $US1.89 cans ($2.70) of StarKist tuna, was enclosed under plastic, while pricier foodstuffs like $US5.49 cans ($7.86) of Amy’s soup sat unencumbered.

“To put Spam in a cage is stupid — and kind of insulting to the customers that would buy it,” said shopper Dennis Snow, 46.

Snow said he doesn’t think Spam is being stolen to “sell it for crack,” but rather because the homeless in the area are looking for a quick and easy meal.

“Someone is stealing this because they need it,” agreed Delia Kemph, a 28-year-old teacher.

Employees at the store said thefts have been surging over the past two-plus years, with one estimating a minimum of four shoplifters every evening shift.

“I don’t think they stop anything,” Iggy, 21, a store clerk, said of the antitheft cases. “It’s security theatre. If you really needed it, you would stomp on it.”

The employee’s complaints were prescient — at around 7pm on Thursday, a man in a black tank top and gray sweatpants had an employee unlock the glass case for a $US38 ($54.40) electric razor, and then bolted with the appliance past a yellow-shirted security guard and out the door.

With inflation out of control — the consumer price index spiked 9.1 per cent in June compared to a year ago, even as President Joe Biden this week refused to acknowledge the nation is in a recession despite the economy contracting two quarters in a row — emboldened thieves have found a ready market for discounted stolen goods among recession-weary consumers.

Petty theft complaints for the New York Police Department’s Midtown South Precinct, which includes the Port Authority bus terminal, have shot up 52 per cent — to 1,771, through July 24 — compared to the same period last year.

Hormel CEO Jim Snee told analysts last month that prices for their legacy product were set to increase in late July to cover increased transportation, packaging and meat costs.

A spokeswoman for Walgreens, which owns Duane Reade, refused to say why Spam was locked down at this particular location, and that installing antitheft devices is done “in response to theft data.”

Liz Tawfik, 57, a home health attendant, complained that the added security measures are hampering the once-smooth shopping experience — and annoying customers like herself.

“If you’re gonna catch a train you wanna grab something quick, it’s not quick anymore,” she said. “You might as well have someone take your order at the door and get what you want.”

Not all drug stores have put Spam under lockdown.

Two other Duane Reades and a pharmacy in the Times Square area, along with two other stores in Central Harlem, sold their cans of Spam, cage-free.

Dariel Cepin, 23, an employee at a West 44th Street Duane Reade, said, “Here, we lock up ice cream.”

This article originally appeared on NY Post and was reproduced with permission

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Categories
Entertainment

‘Lost control’: Sticky Fingers storms off mid-concert in Melbourne

Controversial Australian band Sticky Fingers frontman Dylan Frost admitted he “lost control” when the lead singer sensationally stormed off in the middle of a concert last night in Melbourne.

The band was seven songs into its set when Frost appeared to become upset onstage. Video footage captured by a concertgoer and uploaded to social media shows Frost striking the microphone and throwing his guitar to the ground.

The rest of the band – Paddy Cornwall, Seamus Coyle, Beaker Best and Freddy Crabs – then followed him offstage.

According to the Herald Sun, a faulty microphone may have triggered the tantrum during the song “Not Yet Done”. Boos could be heard from the crowd.

Another 10 minutes passed before it was announced that the show had been cancelled.

On Sunday afternoon, Frost posted a statement to Facebook apologizing to fans.

“I’m really sorry for last night in Melbourne,” he said.

“I’ve been working hard on myself and will continue to prioritize my health, but I still let a lot of you down.

“I want to apologize to the fans and my band, our crew and venue staff.

“The tour has been amazing so far and we wanted to end it big, but I just didn’t have it last night and I lost control. We’re working on a new date to make it up to everyone or refunds for those who want them and we will let you know plans soon.”

The Saturday night Festival Hall gig was the last performance of Sticky Fingers’ Australian tour. The band had played on Friday night in Melbourne without drama. It’s expected the band will still perform in New Zealand next month.

An audience member told the Herald Sun, “The atmosphere at the gig initially was great. But then we only got three songs in and Frosty cracked the s**ts, stormed off and cancelled.”

Other concertgoers took to Facebook to express their annoyance.

for the Herald Suna fan named Jordan Patrick wrote on social media, “Unbelievable, I’ve been waiting for tonight for years, was so excited and absolutely devastated they ditched the show like that.

“So disrespectful to the fans who have stuck by them and waited to see them after such a long time.”

Other fans said they had flown to Melbourne specifically for the show.

Sticky Fingers was previously engulfed in scandal when Indigenous artist Thelma Plum Frost allegedly had in 2016 racially abused and threatened her. The accusation sparked a raft of boycotts.

Frost and the band denied the allegations but later issued a mea culpa around unspecified “unacceptable” behaviors and claimed that alcohol addiction and mental health issues were contributing factors.

Frost wrote in 2016 that he would seek therapy and rehabilitation and that he was “truly sorry to the people who have been affected by my behaviour” and that he hoped to “one day make amends for my actions”.

Frost isn’t the only band member to be embroiled in public spectacles. Bassist Cornwall had to issue an apology for 2019 rantings against ABC’s youth station, Triple J.

He initially said in an expletive-laden video posted to social media, “Triple J, f**k you and your f**king artist repertoire. We don’t f**king need you. We don’t want you because you play your f**king bullshit and you’re a bunch of f**king maggots.”

A year later, Cornwall apologized for his words. I have conceded that the relationship between Sticky Fingers and Triple J had fractured due to his actions.

He said in May 2020, “I was outta my head, not dealing with personal battles of my own, I’m sorry to the people I hurt at the station, as well as my own team.

“I ain’t the same derailed, angry person you saw last year. I’m not where I want to be yet but I’ve been doing a lot better, dealing with my demons. I hope sharing this helps find a resolve on the situation.”

In 2019, Frost and Cornwall were arrested for a violent punch-up between the pair at Marrickville Bowling Club in Sydney. It occurred after the band members had been drinking for six hours.

Cornwall was in 2021 sentenced to 18 months, to be served in the community.

News.com.au contacted Sticky Fingers’ management for comment.

Read related topics:melbourne

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