Two killed by car in pedestrian zone in German town, driver arrested



At least two people were killed and 15 others injured on Tuesday when they were hit by a car in the Western German city of Trier, police said.

A 51 year old man from the Trier area was arrested, police announced on Twitter. They are currently questioning the suspect.

Police and rescue crews are on the scene and authorities have told people to avoid the city center.

“We have arrested one person, one vehicle has been secured. Two people have died, according to preliminary indications. Please continue to avoid the downtown area,” police said on Twitter.

Mayor Wolfram Leibe told the SWR broadcaster that in addition to the two dead, 15 people had suffered serious injuries.

“We have an amok driver in the city. We have two dead that we are certain of and up to 15 injured, some of them with the most severe injuries,” he told SWR.

“We are just trying to get an overview. We have ambulances from all over the region helping here. Our first task now is to make people safe.”





Source link

Ducati master re-creates Mike Hailwood’s Isle of Man-winning motorcycle and engine parts in tiny WA town


You may be forgiven for assuming the world’s leading manufacturer of Ducati bevel drive engine parts would live in a bustling city, perhaps in Italy or the United States, somewhere central and close to consumers.

But in fact, this talented engineer and self-described “petrol head” lives in a tiny historic town, deep in the forests of south-west WA.

Even though shipping his handmade engine parts around the world from Nannup is a logistical nightmare, Brook Henry wouldn’t have it any other way.

Brook Henry with his handmade Imola Evo motorcycle.(Supplied: Brooke Henry)

A family business

Mr Henry grew up surrounded by Ducatis.

His older brothers imported and distributed the high-performance motorcycle brand in New Zealand from the late 1960s through to the 1980s.

“I also did an apprenticeship outside that business as a toolmaker, but I never liked doing toolmaking and I always wanted to go back to motorcycles.”

A close up shot of a Ducati motorcycle logo on a blue engine cover.
Brook Henry has more than 30 years’ experience working with Ducati bevel drive engines.(ABC South West WA: Ellie Honeybone)

That love of motorcycles grew and continued for the next 40 years with Mr Henry now a household name and ‘master’ in the Ducati world.

He has travelled extensively, inspected designs inside Ducati’s Bologna factory and even appeared on bike lover Jay Leno’s US television show.

After settling down first in Perth and then further south in Nannup, Mr Henry developed a business building, designing and shipping bevel drive parts, engines and complete motorcycles across the world.

Pandemic revives restoration projects

There are only so many original bevel drive Ducatis in existence, making Brook Henry’s business incredibly niche.

These bikes were built during the 1970s and 80s and made famous after legendary British champion Mike Hailwood won the Isle of Man race in 1978.

When the world went into COVID-19 lockdown during early 2020, many owners of bevel drive bikes decided it was the right time to blow off the cobwebs and reignite their restoration projects.

“I’ve never been so busy because guys who bought bevel drives put them in the back of a shed and chucked a rag over them,” Mr Henry said.

“So they went out and pulled the cover off the old Ducati bevel drive and started looking around to where they could get the parts to start putting it back together.

“Our customer base worldwide has been huge with COVID because anyone who’s got a bevel drive has gone and started working on it.”

A shed filled with motorcycle parts and machines.
Mr Henry’s shed is filled with everything he needs to manufacture parts and restore motorcycles.(ABC South West WA: Ellie Honeybone)

The next chapter

In addition to supplying global customers with all the parts they need for their pandemic restorations, Mr Henry has another project in the works.

Through what he calls a “crazy set of circumstances”, he purchased the drawings for the original engine used in the late Mike Hailwood’s Isle of Man race winning bike, of which only a handful were ever made.

“We decided that we would make a limited run of them and the number we decided on was 12, because that was his racing number.”

While there will only be a dozen of these Hailwood recreations made, the engine — dubbed the ‘Ritorno’ — is available on its own with the approval of the Ducati factory.

“The business is expanding at 100 miles an hour because people worldwide want that engine and want parts for it,” Mr Henry said.

“So we’re gathering speed at a frightening rate at the moment, but I’m so passionate about it and I love what I do.”

Mike Hailwood's red-and-green Isle of Man-winning motor cycle.
Brook Henry has embarked upon a mission to create 12 exact replicas of Mike Hailwood’s Isle of Man-winning #12 Ducati.(Supplied: Brook Henry)

Government funding leads to expansion

Mr Henry has big plans for expansion after receiving a $113,000 Regional Economic Development grant from the WA Government.

The investment will be used to employ more staff and purchase state of the art manufacturing equipment to build Mr Henry’s own version of the iconic bevel drive engine.

“I like to keep the outside of the engine looking the same where I can,” he said.

“And now I’ve got the opportunity to basically build my own internals and to improve on the existing engine.”

Despite being extremely busy these days, Mr Henry still enjoys the occasional ride through the scenic forest roads near his home.

“The only thing is, you do not have any control over emus and wildlife, kangaroos running out of the bush, all that sort of thing.

“So I really don’t want to hurt myself, because I’ve got too much to do — and it’s a damn shame I’m 66 and not 36.”

A rack filled with metal engine moulds.
Mr Henry makes his own Ritorno engines in the Nannup workshop.(ABC South West WA: Ellie Honeybone)



Source link

Erdogan Says Cyprus To Stay Divided, Visits ‘Ghost Town’ In Turkish-held North


Turkey’s president said he favours a permanent “two-state” division of Cyprus during a visit Sunday to the breakaway Turkish-held north condemned as a provocation by the internationally recognised Greek-speaking south.

Recep Tayyip Erdogan also visited the beachfront area of Varosha in the north, a one-time luxury resort turned ghost town along the United Nations buffer zone that has split the Mediterranean island since Turkey’s 1974 invasion of the north.





The deserted tourist area of Varosha in the fenced off area of Famagusta in the Turkish-occupied north of the divided eastern Mediterranean island of Cyprus
 AFP / Birol BEBEK

“There are two peoples and two separate states in Cyprus,” Erdogan said after arriving for the 37th anniversary of the self-proclaimed Turkish Republic of Northern Cyprus, which is recognised only by Ankara.

“There must be talks for a solution on the basis of two separate states.”

Commenting on previous, failed UN-led efforts to reunify the island as a bi-communal federal state, Erdogan used the phrase “You can’t dry today’s laundry in yesterday’s sun”.



Greek Cypriots protested at a checkpoint along the UN-patrolled buffer zone when the Turkish-speaking breakaway north held electionss for a new leader in mid-October


Greek Cypriots protested at a checkpoint along the UN-patrolled buffer zone when the Turkish-speaking breakaway north held electionss for a new leader in mid-October
 AFP / Iakovos Hatzistavrou

The comments marked a further setback to hopes for an eventual reunification of the island — split between EU-member the Republic of Cyprus, which controls the island’s southern two thirds, and the north, occupied by Turkey.

European Union foreign policy chief Josep Borrell criticised the Turkish leader’s visit.

“The EU’s message is very clear: there is no alternative to a comprehensive settlement of the Cyprus problem other than on the basis of relevant UN Security Council Resolutions,” Borrell said in a statement.



Supporters of right-wing nationalist Ersin Tatar celebrate his win in the election in the self-proclaimed Turkish Republic of Northern Cyprus on October 18


Supporters of right-wing nationalist Ersin Tatar celebrate his win in the election in the self-proclaimed Turkish Republic of Northern Cyprus on October 18
 AFP / Birol BEBEK

“In this respect we deplore today’s actions regarding” Varosha and “statements contradicting the UN principles for a settlement of the Cyprus question. They will cause greater distrust and tension in the region and should be urgently reversed”, the EU official added.



The deserted tourist area of Varosha in the fenced off area of Famagusta in the Turkish-occupied north of the divided eastern Mediterranean island of Cyprus


The deserted tourist area of Varosha in the fenced off area of Famagusta in the Turkish-occupied north of the divided eastern Mediterranean island of Cyprus
 AFP / Birol BEBEK

During Erdogan’s visit, Turkish jets left vapour trails in the sky in the shape of the star and crescent of the Turkish flag, mirroring a huge flag painted decades ago on a rocky mountainside in the north.

In the south, meanwhile, Greek Cypriots demonstrated against his visit at a checkpoint along the UN-patrolled Green Line.



Supporters of right-wing nationalist Ersin Tatar celebrate his win in the election in the self-proclaimed Turkish Republic of Northern Cyprus on October 18


Supporters of right-wing nationalist Ersin Tatar celebrate his win in the election in the self-proclaimed Turkish Republic of Northern Cyprus on October 18
 AFP / Birol BEBEK

Erdogan’s visit to the Turkish-held area comes amid heightened tensions on the island and in the Eastern Mediterranean and was condemned as a “provocation without precedent” by the Republic of Cyprus.

An eventual reunification has looked more remote since an Erdogan-backed Turkish nationalist, Ersin Tatar, was elected leader of the north last month.

Unlike his predecessor, Mustafa Akinci, who advocated reunification in the form of a federal state, Tatar also favours a two-state solution.



Turkish jets marked a star and crescent in the sky over Nicosia during Erdogan's visit to the self-proclaimed TRNC


Turkish jets marked a star and crescent in the sky over Nicosia during Erdogan’s visit to the self-proclaimed TRNC
 AFP / Louis MASSIE

The last UN-sponsored peace talks, based on a reunification of the island, failed in 2017.

Erdogan’s visit came as Turkey has openly sparred with neighbours Greece and Cyprus over maritime territories believed to hold vast gas deposits.

The Turkish leader stressed that “we will continue our seismic research and drilling activities in the Eastern Mediterranean until a fair agreement can be reached”.

Cyprus President Nicos Anastasiades condemned Erdogan’s visit, as well as what he called the historical “secessionist act of the declaration of the illegal regime” in the north.

He said Erdogan’s visit served to “torpedo” UN-led efforts to work toward resolving “the Cyprus problem” in talks between Greek and Turkish Cypriots, Athens, Ankara and former colonial power London.

The 1974 Turkish invasion was launched in response to an Athens-engineered coup designed to unify Cyprus with Greece and was followed on November 15, 1983, by the declaration of the TRNC.

Erdogan insisted Sunday that “the only victims in the Cyprus issue are the Turkish Cypriots, whose rights and existence have been ignored for years”.

He then visited Varosha, which was once the playground of celebrities and dubbed a “Jewel of the Mediterranean”, but has since been deserted and fenced off, its former luxury hotels and restaurants now in disrepair and overgrown by weeds.

Turkish troops partially reopened the seafront of Varosha on October 8, sparking international criticism.

Erdogan, who had said earlier he may have a “picnic” at Varosha, arrived after dark and as rain battered the area.

Speaking to TV cameras alongside Tatar, he suggested Varosha would undergo redevelopment.

“This place has been closed for years, but it is time to start initiatives,” he said, arguing that “an equitable sharing of the island’s resources has never been granted to the Turkish Cypriots”.

The Turkish head of state promised compensation to Greek Cypriots who lost land, homes and businesses in the ghost town.

“If the rightful owners appeal to the property commission, compensation will be paid for their properties,” he said.





Source link

A year after bushfires destroyed its school and 18 of its 60 homes, the small town of Bobin is rallying around its community hall | Goulburn Post


news, local-news, bobin, community hub, bushfire, Foundation for Rural & Regional Renewal

No wonder the people of Bobin treasure their School of Arts Hall. When devastating bushfires swept through the mid-north coast of NSW in November last year destroying 18 homes in Bobin along with its historic school house, the community hall survived to become a vital rallying point for the residents of the small town. Hall president Peter Schouten said the building provided not only a base for local emergency crews but somewhere for people to come together. “The hall is the only focal point in the community and the only public building in the area, so it was a godsend we didn’t lose it during the fire,” Mr Schouten said. Community members fought to save the hall, using garden hoses to douse it against airborne embers. “There was not one community member that was not affected by the fire,” Mr Schouten said. At the height of the fire, which struck on November 8 and destroyed 18 of Bobin’s 60 homes, the School of Arts Hall became an operational hub for emergency personnel as well as a drop-off point for donations. But as the crisis wore on, Mr Schouten said it became clear there was not enough space inside and outside the building. However, thanks to grant of almost $25,000 from the Foundation for Rural and Regional Renewal, the hall is set to get an outdoor shaded area, which will provide more space for the people of Bobin to come together. Mr Schouten said the grant would go a long way, especially when emergency services like the RFS and SES gathered for training sessions. “It soon became obvious during the fire we needed a more permanent space,” he said. “The grant will certainly be useful for social gatherings and other events at the hall. It means a hell of a lot.” Work on the shelter would begin following approval from the local council.

/images/transform/v1/crop/frm/vuJmMAkyxKfBpiJqjiHTXS/9f353303-076e-4e01-bd8c-08e4355fa914.jpg/r0_170_4928_2954_w1200_h678_fmax.jpg





Source link

SA’s top 100 companies: Big end of town weathers the pandemic storm


South Australia’s top companies fell in market value in 2019-20 – but they fared better than the key national benchmark. Today, InDaily’s South Australian Business Index reveals the state’s top 100 companies – and crowns winners amid the pandemic crisis.

The Index, an independent ranking of the state’s top 100 businesses based on market capitalisation and revenue, is South Australia’s most definitive guide to the performance of our biggest companies.

Produced by financial services firm Taylor Collison for InDaily, the Index includes companies that are substantially owned by South Australians or headquartered here. Each year, the Index also crowns individual winners for fast-rising companies (scroll down for this year’s winners).

Overall, this year’s data shows that in 2019-20, the second half of which included the unprecedented COVID-19 economic crisis, South Australia’s biggest companies suffered a predictable overall hit to their bottom lines – but it could have been much worse.

SEE THE FULL TOP 100 LIST HERE

Taylor Collison director Scott Dolling told InDaily that the overall value of the Index was slightly down on the previous year, with the total market capitalisation of the 100 companies at $52.2 billion, compared to a peak of $54.3 the previous year.

That represented a decline of 3.31 per cent. By comparison, says Dolling, the All Ordinaries Index – which tracks the performance of Australia’s top 500 listed companies – fell by 7.8 per cent over the same period.

“South Australia sheltered the storm of COVID better than our national index,” Dolling said.

“The decline in the South Australian Business Index was driven primarily by the oil and gas sector. Santos, the number one company on the Index, Beach Energy (4) and Cooper Energy, also in the top 20, collectively lost about 40 per cent of their value year-on-year.

“This decline is heavily correlated to the decline in the price of Brent oil, which fell by 38.5 per cent from the mid-$60s in September last year to approximately US$40 a barrel.”

By contrast, information technology, mining and mining-related companies had a good year, with those sectors increasing their share of the Index.

“OZ Minerals is now a $5 billion company – up from $3 billion in 2019,” Dolling said. “The company crept ahead of Beach Energy to snag the number three position. OZ Minerals’ Carrapateena ramp up exceeded expectations and Prominent Hill strongly benefited from a high gold price. Andrew Cole and his team at OZ have done a tremendous job.”

Telecommunication and IT companies also had a strong year.

Aerial mapping and imaging company Aerometrex listed on the ASX in December 2019 with an immediate doubling in market capitalisation. Uniti Wireless continued its mergers and acquisitions-fuelled strategy, just closing out the purchase of Opticomm to become a $500 million company. Leader Computers experienced a huge revenue bump to more than $350 million – up more than 50 per cent year on year.

Dolling believed there were good signs in the global economy, with markets showing substantial movements following the US presidential election and Pfizer’s positive statements about the efficacy of its COVID-19 vaccine.

“Markets appear to have rotated back into ‘value’ names that have suffered (financials, property and travel) and away from tech and precious metals such as gold.

“Green shoots are also emerging for the energy sector as a whole, which bodes well for our Index, although the increasing focus on environmental sustainability for investors worldwide is a headwind.

“Given both Codan (number 6 on the Index) and OZ Minerals are either directly or indirectly exposed to the gold price, along with a number of our junior listed entities, one question is whether gold can continue its run. Given the historically low interest rates and accommodative monetary policy, the ingredients are there, but movements in the last few days indicate there’s a pause taking place.”

Changes in the top 20

This year saw some shifts in the usually fairly static top bracket of companies (go here to see the list).

In the top 10, newcomers included high-tech manufacturer Codan, agribusiness Elders and Land Services SA – the company that won the chance to benefit from the previous State Government’s decision to commercialise the state’s land data.

At the pointy end of the list, Santos continued to be our biggest company – by a significant margin – despite a difficult year, with Argo Investments maintaining its regular spot at number two.

In the 20 to 11 bracket, a highlight is travel and ferry company Sealink.

Dolling says that after its merger with Transit Systems Group, Sealink had a topsy-turvy year, with its share price dipping below $3 in the shock of COVID shutdowns in March 2020 and the aftermath of bushfires on Kangaroo Island, where the company  runs a ferry service.

“Group CEO Clint Feuerherdt stuck to basics, executing their business plan with a high retention of contracts – including the Adelaide bus contracts and the Brisbane Ferry win. Investors were rewarded by the end of the year with a >$6 share price. On a pro-forma basis, Sealink is now a company with revenue of more than $1 billion,  has a market cap of $1.4 billion and, effective from June 2020, is now an ASX 300 index constituent.”

 

RISING STAR AWARD – CODAN

Codan, the Adelaide-headquartered manufacturer of metal detectors, communications and mining equipment, rose six places to number six on the Index.

Now a $2 billion company, Codan’s sales increased by 29 per cent to hit $348 million in 2020.

In a huge year for the company, it had record sales of metal detection and communication equipment and had a record dividend of 18.5 cents for the financial year.

REVENUE GROWTH AWARD – OUTSIDE IDEAS

Outside Ideas, a fast-growing commercial landscaping, structural concreting and civil engineering company, has doubled its revenue in two years – from $32.7 million in 2018 to $77 million in 2020.

The company’s Index ranking also moved fast – from 80 last year to 68 in 2020.

Outside Ideas, responsible for the landscaping of the huge exterior plaza at Adelaide Airport, has clearly thrived despite the impact of COVID.

NEW ENTRANT AWARD – AJ & PA MCBRIDE LTD

The sixth-generation South Australian family company, established in 1920, has been a leading light in Australian agriculture for years, but it is a new entrant in this year’s Index. Debuting at 39 on the list, AJ & PA McBride Ltd recorded revenues of $38 million in 2020. The company holds more than 375,000 sheep (producing meat and fibre) and produces 6400 wool bales annually.

About the SA Business Index

To be eligible for inclusion in the list, companies must:

  • Be a South Australian entity with an Adelaide ownership register, or be a South Australian operated entity;
  • Be a company founded and majority-owned (50.01 per cent plus) by South Australians.

Companies owned in part or whole by government, government agencies and organisations, and registered charities are not eligible.

While companies don’t have to nominate to be included in the list, which is based on market capitalisation, local businesses are encouraged to put their names forward.

Now in its sixth year, the Index has become a key source of data for those with a keen interest in the South Australian economy and business environment.

Data partner

In partnership with

Make a contribution to independent news

A donation of any size to InDaily goes directly to helping our journalists uncover the facts. South Australia needs more than one voice to guide it forward, and we’d truly appreciate your contribution. Please click below to donate to InDaily.

Donate here

Powered by
PressPatron





Source link

WA trails town Dwellingup takes on mining giant Alcoa over proposed bauxite mine expansion


Community and environmental groups say they have a once-in-a-generation opportunity to fight a multinational mining giant in its bid to expand in the South West of Western Australia.

Residents of Dwellingup, a small country town 100 kilometres south-east of Perth, are protesting Alcoa Australia’s proposal to expand its Huntly bauxite mine and increase production at its Pinjarra alumina refinery.

It would involve clearing 8,700 hectares of land surrounding Dwellingup, Serpentine and Jarrahdale.

The proposal will go through the highest level of environmental and public scrutiny with the Environmental Protection Authority (EPA).

The Dwellingup Discovery Forest Working Group said that provided a rare opportunity for people to voice their concerns.

Spokeswoman Jennie Wise said past approvals were done internally with no chance for public comment.

The last time Alcoa went through a public environmental review was for the Pinjarra refinery in the early 2000s.

“What we really want out of this is for the EPA to review our public submissions and not allow Alcoa to mine bauxite in the region around Dwellingup,” Ms Wise said.

Alcoa says less than 4 per cent of the jarrah forest in its mining lease has been cleared.(ABC Rural)

Trail town fights back

Dwellingup is situated among the jarrah forest and is fast positioning itself as a leading trails tourism destination.

“The proposal for one of their two mines directly borders people’s property in Dwellingup and it also encompasses some of our most precious forests,” Ms Wise said.

“We have had enough of Alcoa and the desecration of our forests over the length of the Darling Range for the last 60 years.

The WA Forest Alliance and The Wilderness Society have also joined the fight against the mine.

“As we know, protecting forests is climate action,” Wilderness Society state campaign manager Patrick Gardner said.

“It defies logic that we would not only drag our feet on climate action, but also allow another 8,700 hectares to be knocked flat.

“This is 8,700 hectares of forest that currently acts as a bulwark against climate change and a safe harbour for threatened species and our dwindling biodiversity.”

Miner defends rehabilitation record

In a statement, Alcoa said since it began operations in the South West more than 57 years ago, it had rehabilitated 77 per cent of any land cleared for mining with works ongoing.

“Our rehabilitation program is acknowledged globally as leading practice with self-sustaining jarrah forest ecosystems now thriving where we once mined,” a spokesperson said.

The two new mining regions around Myara and Holyoake will see Alcoa supply bauxite to the Pinjarra and Kwinana refineries for another 10 years.

The public environmental review is expected to take two years and incorporate several opportunities for public comment.



Source link

As investors brace for a divided government, Fed risks becoming only game in town and that’s good for markets


The Federal Reserve looks like it may be the only game in town — again.

With policy gridlock likely to remain in place in Washington under a divided government, with Joe Biden in the White House and the Republican party controlling the Senate, markets are ruling out the type of large fiscal aid package that Democrats favor to aid the economic recovery, getting done either this year or the next, leaving monetary policy makers to take up the slack.

“It makes the economy that more dependent on the Federal Reserve,” said Michael Lorizio, senior fixed-income trader at Manulife Investment Management, in an interview.

Even as some fret that a legislative logjam raises the risk of political stagnation and public discontent over rancor in Washington, investors are likely to profit from a familiar scenario that has tended to lift all asset prices.

See: Time to move on? Here’s one investor’s advice on what to do after the election

It’s a situation that befell markets after the 2008 financial crisis as central banks were able to deploy monetary stimulus measures more swiftly than politicians in many countries.

This combination of more monetary but less fiscal support is likely to keep longer-term bond yields and inflation expectations muted. That would spell strong gains for stocks, government bonds and corporate debt.

It’s why some see even the 60/40 balanced portfolio, which splits an investors’ funds into equities and Treasurys, holding up well beyond its expected shelf life. Many analysts had written off such portfolios saying bond yields were too low for them to act as a cushion against a stock-market drawdown.

“This is a scenario where these balanced portfolios have tended to shine. More monetary policy support is a tailwind to both sides of the equation,” said Scott Kimball, a portfolio manager at BMO Global Asset Management. ‘The Fed is everything from the market perspective.”

The Vanguard Balanced Index Fund
VBINX,
-0.11%

gained 4.8% this week. Over that stretch, the S&P 500
SPX,
-0.02%

rose over 7%, while the iShares Core U.S. Aggregate Bond
AGG,
-0.22%

exchange-traded fund was up modestly.

The Fed said at the conclusion of its November policy meeting Thursday that it was willing to use all its tools to support the economy.

“The central banks are willing to see this through. I think they still have a lot of levers to pull,” Lindsay Bernum, global macro analyst for Smith Capital Investors, told MarketWatch.

Out of bullets?

However, others are skeptical what policy tools are left for Fed Chairman Jerome Powell and his colleagues.

“The Fed is going to be more accommodative if we are getting a divided government, but there’s also a question of what else can the Fed do,” said Max Gokhman, head of asset allocation at Pacific Life Fund Advisors.

Calls for the Fed to tweak their asset purchases to emphasize more longer-dated Treasurys are unlikely to boost consumption or increase the flow of credit, with government bond yields already depressed, said Gokhman.

The 10-year Treasury note yield
TMUBMUSD10Y,
0.815%

was at 0.821% on Friday.

Some analysts are also wary of the attendant financial risks that would come from relying ever more on central bankers to think of new and untested ways to bolster economic growth.

Mohamed El-Erian, economic adviser to Allianz, said in an op-ed for the Financial Times (paywall) that further experimentation with unconventional monetary policy was “likely to create further distortions in financial markets, increase incentives for irresponsible risk-taking, and lead to the misallocation of resources throughout the economy.”

Coronavirus aid is still on the cards

Wall Street may be too hasty in ruling out additional government spending to support the U.S. economic recovery though.

Most market participants still expect Republican lawmakers and Biden to come together and pass a new coronavirus aid bill, even if analysts have had to cut their forecast of the size of the package from trillions of dollars down to hundreds of billions.

And according to some, Senate Majority Leader Mitch McConnell, R-Ky., may have an incentive to push for a more expansive fiscal aid package than he was willing to accept before the election. Georgia will hold runoff elections for two Senate seats in January, leaving a window open for Democrats to achieve a ‘blue sweep’ by winning control of both the presidency and both houses of Congress.

“There’s still a chance Republicans will lean to something bigger than what they said pre-election,” Esty Dwek, head of global market strategy at Natixis Investment Managers, told MarketWatch.

Indeed, McConnell said he was receptive to more aid for local and state governments earlier this week, a key demand from Democrat lawmakers, when talks on a new coronavirus relief package restart.

Looking ahead to next week, no major U.S. economic data releases is expected outside of new numbers on consumer price inflation.

In earnings, Lyft Inc.
LYFT,
+2.79%
,
Nikola Corp.
NKLA,
-1.85%
,
McDonald’s Corp.
MCD,
+0.11%
,
Walt Disney Co.
DIS,
+0.39%
,
Cisco Systems Inc.
CSCO,
+0.80%

and Occidental Petroleum Corp.
OXY,
-4.39%

are among the bigger companies that will be reporting results.



Source link

Children running riot in cars in the middle of town caught on camera


Police arrested youths after a pursuit in Alice Springs last night.

This followed when two cars were filmed by bystanders driving at high speeds and doing wheelies at the southern end of Todd Mall, in the centre of the CBD (see video below).

Dozens of pedestrians were in acute danger.

Police say a Hyundai Accent stolen from Larapinta Drive was sighted “being driven recklessly through the Alice Springs CBD” in an area with heavy traffic and pedestrians.

Using CCTV and drones, police were able to track the vehicle and shortly after 10pm police apprehended a 14-year-old boy, who was allegedly the driver, and a 16-year-old boy passenger.

The release quotes Detective Senior Sergeant Rob Jordan: “A coordinated effort by officers from Strike Force Viper, the drone pilot and General Duties officers on duty last night were quick to effect this arrest. The vehicle has been seized for further forensic testing.”

Charges relating to the incident are pending.

A second vehicle stolen overnight, a silver Toyota Corolla with no plates attached, was also being driven recklessly in Alice Springs and remains outstanding.

“The driving behaviour of these youths is extremely concerning.

“I can’t stress enough that although it’s a right to be able to leave doors unlocked and belongings anywhere the reality is there are people who do not respect this.

“I ask that everyone be mindful in locking their houses at night and when not home.

“Do not leave your car keys easily accessible to would-be crooks. If we take away any opportunities from these youths it will assist in reducing this type of behaviour.”

 



Source link

Unassailable lead: Wilbur is top dog in race to be mayor of US town


While a dogfight drags on in the race for the White House, a slightly less consequential — and much better-natured — election has seen French Bulldog Wilbur become mayor in a town in Kentucky.

Wilbur Beast, a six-month-old pup, won the mayoral vote in the small town of Rabbit Hash, which has had a canine mayor since 1998.

The election is held to raise money for the Rabbit Hash Historical Society, with each vote costing $1. The biggest fundraiser gets the prize.

It’s not only dogs who can take part, with a donkey, a cat, and even a rooster vying for high office this year. The runner up and third place went to Jack Rabbit, a Beagle, and Poppy, a Golden Retriever, respectively.

One major similarity between the Rabbit Hash election and this year’s presidential election is the stunning turnout.

Like Democratic candidate Joe Biden, who now holds the record for the most votes in history for a US presidential election, Wilbur broke the record number of votes in his election with 13,143.

Overall there were 22,985 votes, the biggest turnout in the history of Rabbit Hash elections, the Rabbit Hash Historical Society said.



Source link

Wokalup town pauses to remember 100th anniversary of the Mornington train crash


A small rural community in Western Australia will pause today to mark the 100th anniversary of the state’s deadliest train crash, which killed nine people and injured two.

On November 6, 1920, a timber train known as the Jubilee had been carrying railway sleepers and mill workers from the Mornington Mill when it careered off the tracks.

The train crashed near the town of Wokalup, just south of Harvey in the south-west of WA.

Wendy Dickinson, the president of Harvey History Online, said the disaster was a big story at the time.

“I can remember growing up and hearing about it from my mother who was from Harvey,” she said.

“Nothing like this had ever happened and this was not long after people had returned from the First World War.

Media reports from 1921 show an inquest heard the crash was due to insufficient brakes being applied before the train began a decent, but blame was not attached to anyone.

The train crash scene in 1920.(Supplied: Rail Heritage WA)

The man who raised the alarm

Local timber worker Joe Flynn was one of several men who had hitched a ride on the timber train.

“He was able to scramble onto the last bogie,” said Flynn’s great-nephew, Norm Flynn.

A man sitting at a table with old black and white photos and holding a photo of a train crash.
Norm Flynn began to research the crash after first hearing about it from his grandfather.(ABC South West: Kate Stephens)

Mr Flynn first heard about his family connection to the crash from his grandfather in the 1960s.

He was told his great-uncle rushed to Wokalup to raise the alarm.

“The story in the paper is that he ran into the hotel and yelled, ‘The Jubilee, the Jubilee is off the line!’ but no one could understand what he was saying,” Mr Flynn said.

“So, they sat him down and gave him a drink and he said, ‘The Jubilee is off the line and all hands are dead’.”

After Flynn raised the alarm, a rescue team went to the crash site and managed to pull survivors, which included the driver, from the rubble.

Remembering for the next generation

To acknowledge the crash, the Shire of Harvey will erect a sign at the Wokalup Tavern, the site where the news of the crash first broke.

A woman smiling at the camera, wearing a colourful scarf, standing in front of bushes.
Wendy Dickinson says it is important the local community remembers the tragic crash.(ABC South West: Kate Stephens)

Ms Dickinson is also a Harvey Shire councillor and says it is important the community remembers the story for generations to come.

“Once the people that currently know the story pass away, this could very easily get lost,” she said.



Source link