The Government has announced it is doubling funds to support workers and businesses affected by job losses at a giant Tata steel plant. Ministers said an extra £15 million will be made available for supply chain businesses and workers affected by changes at Tata’s Port Talbot site in south Wales. Welsh Secretary Jo Stevens said the move means a fund to support businesses across Wales heavily reliant on Tata steel will be increased to £30 million. She also announced that more businesses will be able to apply for the funds, and the value of individual grants is increasing to up to £250,000 for businesses to invest in equipment, property, technology. The Government said there has been “significant demand” on the existing funding, with almost 40 businesses employing 2,000 people having begun the application process. Grants worth millions of pounds are expected to be released in the new year. The increase in funding is in anticipation of more people leaving Tata in early 2025 through the company’s voluntary redundancy scheme. Ms Stevens said: “This Government is acting decisively to support workers and businesses in Port Talbot. “We are doubling the funding available to businesses and workers and widening access to grants to ensure we support as many people as possible. “In just four months we have announced more than £40 million in investment. We said we would back workers and businesses affected by the transition at Port Talbot and we are doing exactly that. “While this remains a very difficult time for Tata workers, their families and the community, we are determined to support workers and businesses in our Welsh steel industry, whatever happens.”
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Taylor Swift's concerts at Vancouver's BC Place Dec. 6, 7 and 8 are continuing to help local charities. The BC Children's Hospital Foundation on Saturday night (Nov. 30) auctioned 15 tickets to a private suite at one of the Taylor Swift Vancouver concerts for $290,000 – an impressive amount of money but it was not the most that a B.C. charity has garnered for a suite during one of Swift's concerts. The VGH UBC Hospital Foundation on Oct. 19 raised a staggering $320,000 from a winning bid at its Vitality Gala live auction for 15 private suite tickets to see Swift sing in Vancouver. The BC Children's Hospital Foundation's weekend windfall at its Crystal Ball gala did, however, better some other B.C. charities that auctioned off tickets at suites to see Taylor Swift. The Victoria Hospitals Foundation at its Visions Gala Nov. 16 netted $260,000 by auctioning off a 15-person suite to see Swift. The BC Cancer Society was the first local charity to auction off a 15-person suite to see Swift. It raised $125,000 for that suite during an action at its Daffodil Ball in April. Combined, those four suites generated more than $1 million for the charities. PavCo, which operates BC Place, gifted the suites to be auctioned off, PavCo senior manager of marketing and communications Jenny McKenzie told BIV. “For every concert that comes through, we have a certain number of suites and tickets that [we get as] part of our partnership with that tour,” she explained. PavCo sometimes gives tickets and suites to what she called “stakeholders” related to PavCo, but the organization also donates access to suites and tickets to charities, she said. McKenzie said that PavCo has long had an informal system in place to provide suites and tickets to charities, and this year formalized what it is calling its BC Place Community Benefit Program. “By donating tickets, BC Place enables charities to raise critical funds while offering unforgettable experiences to their supporters,” she said. She added that the program reinforces PavCo’s role as a catalyst for positive change and social impact. The Canuck Place Children’s Hospice is another charity that has cashed in on excitement about Taylor Swift. It sold two sets of tickets—eight in total—to a Taylor Swift Vancouver concert for $46,000 at its November 2 Gift of Time Gala auction, which raised more than $1.63 million in support of Canuck Place. Toronto-based telecom Rogers Communications Inc. (TSX:RCI-B) is a presenting sponsor of the Canadian leg of Swift’s Eras tour, which includes six shows in Toronto and three in Vancouver. Because it is a presenting sponsor, it has access to many tickets for internal use. Some of those tickets are being given away to forge customer loyalty while others are being given to charities, Rogers’ senior manager of communication in Western Canada, Leann Yutuc, told BIV. Rogers has been giving away 35 pairs of tickets each week to different Rogers customers who enter draws, she said. “Specific to charities, we have given tickets to BGC Canada, Jays Care, Big Brothers Big Sisters Toronto and Canucks for Kids to distribute to their beneficiaries,” she said. Canucks for Kids received 40 tickets with those going to deserving families to attend a Taylor Swift concert, Yutuc said. Swift has been a vocal supporter of food banks and that has spurred fan Heidi Van Schaik to launch a Canada-wide initiative dubbed Tay It Forward. Waterloo, Ont.-based Schaik has set a goal to raise $1.3 million for Canadian food banks, with that amount chosen because 13 is said to be Swift’s favourite number, and it is one she has reportedly drawn on her hand before performances. Schaik is encouraging fans to make $13 donations, with the campaign slated to end December 13. A wide range of businesses in Vancouver are also cashing in on the Taylor Swift concerts . [email protected] @GlenKorstrom glenkorstrom.bsky.socialImran Khan, Bushra Bibi booked under terrorism charges as PTI’s march continuesThe outgoing head of the nation’s top public health agency urged the next administration to maintain its focus and funding to keep Americans safe from emerging health threats. “We need to continue to do our global work at CDC to make sure we are stopping outbreaks at their source,” Dr. Mandy Cohen, director of the Centers for Disease Control and Prevention, said in an interview Monday with The Associated Press. “We need to keep that funding up. We need to keep the expertise up. We need to keep the diplomacy up.” Philadelphia news 24/7: Watch NBC10 free wherever you are Cohen, 46, will be leaving office in January after about 18 months in the job. President-elect Donald Trump on Friday night said he picked Dave Weldon, a former Congressman from Florida, to be the agency’s next chief. Cohen said she hasn’t met Weldon and doesn’t know him. She previously voiced concern about Robert F. Kennedy Jr., the anti-vaccine advocate and CDC critic nominated to oversee all federal public health agencies. The CDC, with a $9.2 billion core budget, is charged with protecting Americans from disease outbreaks and other public health threats. The staff is heavy with scientists — 60% have master’s degrees or doctorates. The last eight years have been perhaps the most difficult in the agency's history. The CDC once enjoyed a sterling international reputation for its expertise on infectious diseases and other causes of illness and death. But trust in the agency fell because of missteps during the early days of the COVID-19 pandemic, political attacks and resistance to infection-prevention measures like wearing masks and getting vaccinated. The CDC has four political appointees, out of about 13,000 employees. The rest serve no matter who is in the White House, with civil service protections against efforts to fire them for political reasons. Trump said during the campaign that he wants to convert many federal agency positions into political appointments, meaning those employees could be hired and fired by whoever wins the election. There’s also a proposal to split the agency in two: one to track disease data, and another focused on public health but with a limited ability to make policy recommendations. And then there’s a current budget proposal in Congress that would cut the agency’s funding by 22%. It would also eliminate the CDC’s National Center for Injury Prevention and Control, which works on topics like drownings, drug overdoses, suicides and and shooting deaths. Cohen said there’s reason to be proud of the agency’s work in recent years. The CDC has built partnerships to improve the availability of testing for different infections and to watch for signs of disease outbreaks by monitoring wastewater. There are emerging threats, as always, but no new, full-fledged public health emergencies, she said. The day after the Nov. 5 election, Cohen emailed CDC employees to urge them to keep going. “While the world may feel different with changes ahead — our mission has not changed,” she wrote. She said she’s not aware of any wave of worried CDC scientists heading for the doors because of the election results. “There is a difference between campaigning and governing,” she said. “I want to go into this in a way that we’re passing the baton.” Cohen said she doesn’t know what she’ll do next, other than spend time with her family in Raleigh, North Carolina, where her family maintained its residence while she ran the agency. Next year, for the first time, the CDC director will be subject to Senate confirmation, which could make for a gap before Trump's pick takes the helm. CDC Deputy Director Dr. Debra Houry has been assigned to help manage the transition. Aside from administration transition, the CDC has to face several looming threats. Officials this month confirmed the first U.S. case of a new form of mpox that was first seen in eastern Congo. There’s also the ongoing stream of bird flu cases, most of them mild illnesses seen in farmworkers who were in direct contact with infected cows or chickens. CDC officials say they believe the risk to the public remains low and that there’s no evidence it’s been spreading between people. “I don’t think we’re yet at a turning place. But does that mean it couldn’t change tomorrow? It could,” she said. ___ The Associated Press Health and Science Department receives support from the Howard Hughes Medical Institute’s Science and Educational Media Group. The AP is solely responsible for all content.Kansas holds off Auburn for No. 1 in AP Top 25 as SEC grabs 3 of top 4 spots; UConn slides to No. 25 Kansas continues to hold the No. 1 ranking in The Associated Press Top 25 men’s college basketball poll. Auburn is pushing the Jayhawks in the latest poll after winning the Maui Invitational and checked in at No. 2. Two-time reigning national champion UConn nearly fell out entirely after an 0-3 week at Maui, falling from No. 2 to 25th. The Southeastern Conference had three of the top four teams with No. 3 Tennessee and No. 4 Kentucky behind the Tigers. The poll featured six new teams, headlined by No. 13 Oregon, No. 16 Memphis and No. 18 Pittsburgh. TCU, Duke climb into top 10, Notre Dame drops in women's AP Top 25; UCLA and UConn remain 1-2 TCU has its best ranking ever in The Associated Press Top 25 women’s basketball poll after a convincing win over Notre Dame. The Horned Frogs jumped eight spots to No. 9, the first time the school has ever been in the top 10. The Fighting Irish, who were third last week, fell seven spots to 10th after losses to TCU and Utah. UCLA remained No. 1, followed by UConn, South Carolina, Texas and LSU. USC, Maryland and Duke are next. Houston's Al-Shaair apologizes for hit on Jacksonville's Lawrence that led to concussion HOUSTON (AP) — Houston’s Azeez Al-Shaair took to X to apologize to Jacksonville’s Trevor Lawrence after his violent blow to the quarterback’s facemask led to him being carted off the field with a concussion. Back in the starting lineup after missing two games with a sprained left shoulder, Lawrence scrambled left on a second-and-7 play in the second quarter of Houston’s 23-20 win on Sunday. He initiated a slide before Al-Shaair raised his forearm and unleashed on the defenseless quarterback. In the long post, Al-Shaair says "To Trevor I genuinely apologize to you for what ended up happening.” How to sum up 2024? The Oxford University Press word of the year is 'brain rot' LONDON (AP) — Oxford University Press has named “brain rot” its word of the year. It's defined as “the supposed deterioration of a person’s mental or intellectual state,” especially from consuming too much low-grade online content. Oxford University Press said Monday that the phrase “gained new prominence in 2024,” with its frequency of use increasing 230% from the year before. It was chosen by a combination of public vote and language analysis by Oxford lexicographers. The five other word-of-the-year finalists were demure, slop, dynamic pricing, romantasy and lore. Oxford Languages President Casper Grathwohl said the choice of phrase “feels like a rightful next chapter in the cultural conversation about humanity and technology.” Scientists gather to decode puzzle of the world's rarest whale in 'extraordinary' New Zealand study WELLINGTON, New Zealand (AP) — Scientists and culture experts in New Zealand have begun the first-ever dissection of a spade-toothed whale, the world's rarest whale species. The creature, which washed up dead on a beach on New Zealand's South Island in July, is only the seventh specimen ever found. None has ever been seen alive at sea. Almost nothing is known about it but scientists, working with Māori cultural experts, hope to answer some of the many lingering questions this week, including where they live, what they eat, how they produce sound and how this specimen died. Hong Kong launches panda sculpture tour as the city hopes the bear craze boosts tourism HONG KONG (AP) — Thousands of giant panda sculptures will greet residents and tourists starting on Saturday in Hong Kong, where enthusiasm for the bears has grown since two cubs were born in a local theme park. The 2,500 exhibits will be publicly displayed at the Avenue of Stars in Tsim Sha Tsui, one of Hong Kong’s popular shopping districts, this weekend before setting their footprint at three other locations this month. The displays reflect Hong Kong’s use of pandas to boost its economy as the Chinese financial hub works to regain its position as one of Asia’s top tourism destinations. Violent hit on Jaguars QB Trevor Lawrence 'has no business being in our league,' coach says JACKSONVILLE, Fla. (AP) — Jacksonville Jaguars quarterback Trevor Lawrence was carted off the field after taking a violent elbow to the facemask from Houston linebacker Azeez Al-Shaair. It prompted two sideline-clearing scuffles. Lawrence clenched both fists after the hit, movements consistent with what’s referred to as the “fencing response,” which can be common after a traumatic brain injury. Lawrence was on the ground for several minutes as teammates came to his defense and mobbed Al-Shaair. Lawrence eventually was helped to his feet and loaded into the front seat of a cart to be taken off the field. He was not transported to a hospital. He was quickly ruled out with a concussion, though. Al-Shaair and Jaguars rookie cornerback Jarrian Jones were ejected after the first altercation. Big Ten fines Michigan and Ohio State $100,000 each for postgame melee ROSEMONT, Ill. (AP) — The Big Ten Conference has announced it fined Michigan and Ohio State $100,000 each for violating the conference’s sportsmanship policy for the on-field melee at the end of the Wolverines’ win in Columbus .A fight broke out at midfield Saturday after the Wolverines’ 13-10 victory when Michigan players attempted to plant their flag on the OSU logo and were confronted by the Buckeyes. Police used pepper spray to break up the players, who threw punches and shoves. One officer suffered a head injury when he was “knocked down and trampled while trying to separate players fighting." The officer was taken to a hospital and has since been released. Marshall Brickman, who co-wrote 'Annie Hall' with Woody Allen, dies at 85 NEW YORK (AP) — The Oscar-winning screenwriter Marshall Brickman, whose wide-ranging career spanned some of Woody Allen’s best films, the Broadway musical “Jersey Boys” and a number of Johnny Carson’s most beloved sketches, has died. He was 85. Brickman died Friday in Manhattan, his daughter Sophie Brickman told The New York Times. No cause of death was cited. Brickman was best known for his extensive collaboration with Allen, beginning with the 1973 film “Sleeper.” Together, they co-wrote “Annie Hall," “Manhattan” and “Manhattan Murder Mystery." The loosely structured script for “Annie Hall,” in particular, has been hailed as one of the wittiest comedies. It won Brickman and Allen an Oscar for best original screenplay. 'Moana 2' sails to a record $221 million opening as Hollywood celebrates a moviegoing feast NEW YORK (AP) — “Moana 2” brought in a tidal wave of moviegoers over the Thanksgiving Day weekend with $221 million in ticket sales. Studio estimates Sunday show that, combined with “Wicked” and “Gladiator II,” made for an unprecedented weekend in cinemas. “Moana 2" blew predictions out of the water, setting a record for Thanksgiving moviegoing. At the same time, the sensation of “Wicked” showed no signs of slowing down with $117.5 million over the five-day weekend. “Gladiator II” collected $44 million. For an industry that’s been battered in recent years by the pandemic, work stoppages and streaming, it was a triumphant weekend that showed the still-potent power of Hollywood’s blockbuster machine.
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NEW YORK , Dec. 18, 2024 /PRNewswire/ -- Report on how AI is driving market transformation - The global senior living market size is estimated to grow by USD 127.37 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 5.9% during the forecast period. Aging baby boomer population is driving market growth, with a trend towards increasing technological advances in long-term healthcare. However, staffing and workplace challenges poses a challenge. Key market players include Affinity Living Communities, Belmont Village L.P., Brookdale Senior Living Inc., Covenant Living Communities and Services, Enterprise Retirement Living Ltd., Erickson Senior Living , Extendicare Canada Inc, Genesis Healthcare Inc., Golden Heights Personal Care Home, Grand world Elder Care, HC One Ltd., Lendlease Corp., Life Care Centers of America, Merrill Gardens, New Max India Ltd., ProMedica, Senior Lifestyle, Sunrise Senior Living, Wickshire Senior Living, and AbsoluteCare. Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View Free Sample PDF Market Driver The senior living market is experiencing significant growth due to technological advances in long-term healthcare. The rise in Internet penetration has brought about online platforms, mobile applications, and mHealth, which are increasingly popular among caregivers and nurses. Assisted services, such as mobile applications, wearables, trackers, communication devices, and smart alarms, are in high demand. These technologies enable caregivers to monitor and communicate with patients and healthcare professionals, enhancing the quality of care. Patient data management using computers and mobile phones is a major technological trend in long-term care facilities. Mobile health records (MHRs) and electronic health records (EHRs) are crucial advances, storing patient data like weight, diet, exercise, blood pressure, blood sugar, and cholesterol. For instance, AliveCor, an FDA-approved application, allows nursing care providers to record heart rate, blood pressure, and body weight. These data can be analyzed daily, weekly, or monthly to monitor patient health. Additionally, alarm integration techniques are essential for alerting service providers during emergencies. The adoption of smart homes is also increasing in developed countries, reducing caregiver dependence and contributing to market growth. In summary, the increasing adoption of technologically advanced solutions is driving the growth of the global senior living market. Senior living market is experiencing significant growth due to the aging population and increasing demand for comfortable post-retirement life options. Attractive financing, including outright purchases and leases, is driving the construction of senior housing in open spaces with low population densities. Independent and assisted living, skilled nursing care, and healthcare services are in high demand. Real estate developers and institutional investors are focusing on the senior living sector, offering a range of services from basic to lavish lifestyles. Healthcare providers are integrating healthcare and hospitality, providing medical services, fitness centers, recreational activities, and cultural events. Financing challenges persist, with funding schemes and insurance playing crucial roles. The baby boomer generation's nuclearization of families fuels demand for senior living services. Urban areas offer convenience, but many seniors prefer quieter environments. Technology trends include AI, AR, 3-D printing, and construction innovations. The senior living market caters to adults aged 65 and above, offering a variety of options from basic to high-end. Active seniors prioritize health and wellness, while some seek a pilgrimage-like experience. The hybrid model, combining independent and assisted living, is gaining popularity. Overall, the senior living market is a growing and diverse sector, presenting opportunities for businesses and investors. Request Sample of our comprehensive report now to stay ahead in the AI-driven market evolution! Market Challenges The senior living market faces significant barriers to growth due to staffing and workplace challenges. The shortage of qualified caregivers and healthcare professionals constrains the capacity of senior living facilities to meet the increasing demand for services. This issue is compounded by demographic shifts, where an aging population requires more specialized care and a limited pool of individuals are pursuing eldercare careers. High turnover rates and diminished quality of care result from these staffing challenges. Workplace issues, such as regulatory burdens and rising operational costs, also hinder market expansion. Compliance with stringent regulations in healthcare and assisted living sectors necessitates substantial investments in training, documentation, and infrastructure. These investments divert resources from growth initiatives and innovation. Additionally, the need to invest in technology and safety measures imposes financial strain, limiting the ability of senior living providers to invest in long-term growth strategies. These factors are expected to restrict the growth of the global senior living market during the forecast period. The senior living market faces several challenges in providing senior housing and memory care facilities that cater to the unique needs of an aging population. High-quality care and lifestyle amenities are essential, but advanced healthcare services and comprehensive medical support are also crucial. Dual-income households and retirement age seniors seek professional care solutions, making it vital to integrate healthcare services and provide secure environments. Healthcare advancements, such as telemedicine and remote monitoring, are essential for financially independent, educated seniors with medical needs. NRIs and post-retirement settlers require senior citizen laws and welfare state support. Specialized care techniques for Alzheimer's disease and other memory-related conditions are necessary in secure environments. Active adult communities offer maintenance-free lifestyles, but nursing care, skilled nursing professionals, and rehabilitation services are also important. The senior housing market must adapt to the aging population's changing needs, integrating healthcare and providing quality access in suburbs and non-metro cities. Discover how AI is revolutionizing market trends- Get your access now! This senior living market report extensively covers market segmentation by 1.1 Assisted living 1.2 Independent living 1.3 CCRC 2.1 North America 2.2 Europe 2.3 APAC 2.4 South America 2.5 Middle East and Africa 1.1 Assisted living- Assisted living arrangements provide elderly adults with apartment-style dwellings, offering individual units with or without kitchens. Memory care units, specialized for those with cognitive impairment, feature increased security and may not allow kitchens due to safety concerns. Vendors are expanding in this market segment, boosting growth. Assisted living is for seniors needing help with daily living activities and offers 24-hour staff and medical professionals. Base rates cover utilities, housekeeping, and meals, with additional services available at extra costs. Senior citizens may hire in-home care for specialized needs not included in their contract. These factors contribute to the growth of the assisted living segment within the senior living market. Download a Sample of our comprehensive report today to discover how AI-driven innovations are reshaping competitive dynamics Research Analysis The senior living market is experiencing significant growth due to the aging population and the increasing number of senior citizens in need of housing solutions. With life expectancy on the rise and the nuclearization of families, more adults aged 65 and above are becoming financially independent and educated seniors seeking active post-retirement life. Suburbs and urban areas are popular choices for senior living, offering a range of senior living services from independent living to assisted living and memory care facilities. High-quality care, medical services, insurance, and health and wellness amenities are top priorities for this demographic. Fitness centers, recreational activities, and social engagement opportunities are also essential for active seniors. The baby boomer generation, a large and segment of the elderly population, is driving demand for senior living options that cater to their unique needs and preferences. NRIs (Non-Resident Indians) are also increasingly exploring senior living options in their home countries. Overall, the senior living market is a dynamic and growing industry that offers a range of housing solutions and services tailored to the needs of the aging population. Market Research Overview The senior living market is experiencing significant growth due to the aging population and increasing life expectancy. Senior citizens seek comfortable and secure housing options, leading in demand for senior living communities in suburbs and non-metro cities. These communities offer amenities tailored to their needs, including healthcare services, cultural events, recreational activities, and fitness centers. Financially independent and educated seniors, as well as NRIs, are looking for post-retirement settlement options that cater to their medical needs and provide a comfortable lifestyle. The welfare state and senior citizen laws support the development of senior housing, with real estate developers and institutional investors entering the market. The senior living industry encompasses a range of housing options, from independent living and assisted living to skilled nursing care and memory care facilities. Advanced healthcare services, professional care solutions, and comprehensive medical support are essential features of these communities. The baby boomer generation, adults aged 65 and above, is driving the demand for senior housing, with a preference for high-quality care and lifestyle amenities. Construction of senior living communities is on the rise, with innovations in technology such as 3-D printing, AI, and AR being explored to address financing challenges and meet the diverse needs of the elderly population. Table of Contents: 1 Executive Summary 2 Market Landscape 3 Market Sizing 4 Historic Market Size 5 Five Forces Analysis 6 Market Segmentation Service Assisted Living Independent Living CCRC Geography North America Europe APAC South America Middle East And Africa 7 Customer Landscape 8 Geographic Landscape 9 Drivers, Challenges, and Trends 10 Company Landscape 11 Company Analysis 12 Appendix About Technavio Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. Contacts Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: [email protected] Website: www.technavio.com/ SOURCE Technavio
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As the parliamentary year draws to a close, with speculation that an election will be called as early as March next year, a burning question comes to mind. Just what has been the point of the Albanese government? In two and a half years, interest rates have increased 12 times, meaning that mortgage repayments are 62 per cent higher than when the Albanese government came into office. For the past six quarters in a row, GDP per capita growth has been negative, the worst result in 50 years. It’s impossible for young people to get into the housing market, with record immigration levels meaning that housing supply is nowhere near keeping up with demand. Underlying inflation figures – the number once government subsidies are taken out of the equation – released this week show that groceries, rent, gas, insurance, among other things, are more expensive, meaning an interest rate cut won’t be coming any time soon. Power bills, rather than coming down by the much-vaunted $275, have increased close to four times that, thanks in no small part to Chris Bowen’s insane ideological crusade on weather-dependent wind and solar power. The cat was belled on this last week when Frontier Economics released a report that revealed the cost of building a renewable-only power grid is more than $500 billion higher than what the Albanese government has claimed. As we head into summer, this supposedly first world country is being told that the electricity system we have can no longer cope with heatwaves and risks blackouts if we turn on air-conditioners during 40C days. In Australia, 40C days mean a normal summer and I should be able to turn the air-conditioner on if I need to. AEMO invoked emergency energy powers to avoid blackouts. If a first world country cannot supply enough electricity for times when there is peak demand, well, as Chris Uhlmann put it, we are on a pathway to poverty while Bowen and his cronies conduct an experiment with the most essential of services, and destroying arable land and forests in doing so. And while the rest of the world at COP29 decides to press ahead with the reliable, safe, affordable and emissions free nuclear option, Bowen gives the proverbial middle finger to our AUKUS partners in developing the same nuclear energy that will power submarines to be used on land. Treasurer Jim Chalmers, after last year’s $15.8 billion surplus – thanks to soaring tax collections from mining companies who the government demonises – will manage to turn that into deficit of $33.5 billion this financial year, according to Deloitte Access Economics. In fact, Deloitte predicts the deficit will grow in 2025-26 to $46.8 billion, $6 billon worse than Treasury projections and this is driven in no small part by government spending, which as Reserve Bank Governor Michele Bullock pointed out, is adding fuel to the inflation fire. Not content with saddling this and future generations of taxpayers with increasing interest repayments – money that could have been used to fund schools, hospitals and roads – Chalmers now thinks he can direct the Future Fund (which pays military and public service pensions) no longer to choose investments based on the best possible return to taxpayers, but on what’s in the Albanese government’s best electoral interest. Chalmers claims this move will not jeopardise returns, but, as anyone with a modicum of economic common sense knows, if investment options are limited, the capacity for a return is also limited. It is nothing short of irresponsible. Add to all this the workplace legislation changes that, as this column recently highlighted, impose a substantial economic cost on small to medium business – many of them family business. And just this week the government passed legislation to forgive student HECS debt by 20 per cent. Those who stand to benefit most from this pathetic attempt to buy votes are law and medicine students, meaning that hardworking Australians who have never been to university will be subsidising those who will be earning a motzer once they get into the workforce. Former US President Bill Clinton’s advisers had a simple strategy based on the dictum: “It’s the economy, stupid.” It seems Albanese and Co can only recall the “stupid” part, for the economic well-being of Australians has been sacrificed on the altar of pet activist projects such as the Voice, which sucked up 18 months and nearly half a billion dollars. And when the result was not what Albanese wanted, he blames it on “misinformation” and tries to introduce legislation to silence people that spread “false, misleading or deceptive information about ... referendum proposals, elections, public health, the economy”, among other things. Albanese’s equivocation following the October 7 atrocities, while at the same time decrying “Islamophobia”, having his Foreign Minister support a UN motion for a permanent Palestinian state and Albanese remaining silent on the ICC issuing arrest warrants for Israeli Prime Minister Benjamin Netanyahu and former Israeli defence minister Yoav Gallant, show a lack of moral conviction, if not moral relativism. His government’s removal of temporary protection visas means illegal boat arrivals have started again, and its incompetence in dealing with detainees following the High Court’s NZYQ decision led to the bashing of Perth grandmother Ninette Simons. I could go on. Our high school history teacher told us that: “It doesn’t matter where you come from, as long as you know where you are going.” The Albanese government’s priorities are askew. His “I grew up in social housing raised by a single mother” routine is no substitute for leadership. On any measure, Australia is going backwards at a rate of knots. After just two and a half years, is it any wonder that this government is being considered worse than Whitlam. Dr Rocco Loiacono is a legal academic, writer and translator. Earlier in his career, he spent a decade practicing as a lawyer with Clayton Utz, one of Australia’s top law firms. As well as SkyNews.com.au, he regularly contributes opinion pieces, specialising in politics, freedom and the rule of law, to The Daily Telegraph, The Herald Sun and The Australian
Special counsel moves to dismiss Trump cases
The Nigerian Stock Exchange closed with a market capitalisation of N59.7tn on Wednesday, reflecting a gain of N184bn in total market value. In terms of market indices, the All-Share Index gained 0.31 per cent, closing at 98,509.68 points. The ASI has recorded a one-week gain of 0.34 per cent, a four-week gain of 1.12 per cent, and a year-to-date gain of 31.74 per cent. The trading session saw a total of 320,101,766 shares traded in 7,943 deals, with a market turnover of N6.48 bn. Compared to the previous trading day, the day’s data showed a 66 per cent decline in volume, a 49 per cent decrease in turnover, and a 13 per cent reduction in the number of deals. Among the top gainers, Conoil, Africa Prudential, and RT Briscoe led with a 10 per cent increase in their share prices, closing at N352.00, N14.30, and N2.42, respectively. Golden Guinea Breweries saw a 9.95 per cent increase, closing at N7.18. Other notable gainers included NEM Insurance (+9.74 per cent), closing at N10.70, and Tantaliser (+9.59 per cent), closing at N1.60. Related News Equity market reverses gain with N63bn loss Equity market gains N319bn in one week Sovereign Insurance, others drag equity market to N19bn loss On the losing side, Julius Berger Nigeria recorded a 10 per cent decrease, closing at N155.25 per share, followed by Secure Electronic Technology with a 9.52 per cent decline, closing at N0.57. Multiverse Mining & Exploration fell by 7.63 per cent, closing at N5.45, and Haldane McCall saw a 6.07 per cent decrease, closing at N4.95. Other losers included Honeywell Flour Mills, which fell by 5.62 per cent, closing at N4.70, and Livestock Feeds, which declined by 5.59 per cent, closing at N3.21. E-Tranzact International recorded the highest volume with 70.3 million shares traded, followed by Universal Insurance Company (23.8m), Zenith Bank (21.2m), and FBN Holdings (18.6m). Other notable sectoral performances included the Oil & Gas Index, which gained 2.59 per cent, closing at 456.63 points; the Insurance Index, which rose by 2.34 per cent, closing at 210.35 points; and the Main Board Index, which increased by 0.42 per cent, closing at 1,546.56 points. On Tuesday, the Nigerian Exchange closed on a positive note, with market capitalisation rising by N61bn to close at N59.53tn. The All-Share Index gained 0.10 per cent, settling at 98,206.97 points, up from the previous close of 98,107.52 points.
