Have faith, the UK can weather the political storm

Posted On Sep 4 2021 by

first_imgI was born in the UK and it never dawned on me until recently how privileged I am to have the passport. It has opened up doors for me in my career that likely would not have been available otherwise (and would most likely be almost impossible for me to obtain now).A UK passport gave me the opportunity to work in a thriving, cosmopolitan, fast-paced city, and to progress in my career, while simultaneously exploring my interests.I recently spoke to Greg Hands, the MP for Chelsea and Fulham (one of the wealthiest boroughs in London) and asked him whether he sensed that things were taking a turn for the worse because of Brexit (I avoided bringing up the housing market). His optimistic response was: “London’s economy is doing well, and ultimately, investors still have confidence in Britain as a good place to invest because of what it has to offer.”The last part of the statement is crucial: London, and the UK, does have a lot to offer.And while we are living in a whirlwind of Brexit-related jargon (customs union, tariffs, backstops), maybe we should all have a little more faith in this country’s ability to weather storms. We are certainly a nation of umbrellas. Joumanna Bercetche whatsapp Opinion We are probably at peak Brexit-mania. There’s irate anger over the withdrawal agreement coming from all sides – no one seems to like Theresa May’s deal because it’s, well, pick your poison: not soft enough, not hard enough, not concrete enough.The financial community has started readying itself for the deal to be shot down in parliament in December before alternative options are considered.As one trader put it to me, it’s only once politicians stare down the barrel of a no-deal Brexit that the possibility of passing a deal becomes higher. In other words, things have to get worse before they get better.But that is not the point of this story.Perhaps writing this on the heels of a week’s staycation holiday has influenced my view and brushed off some of my pessimism. Long walks in the country, quaint old pubs, and reading a book by the fire can do wonders for the mind. But it also made me appreciate again just how much this country has to offer. whatsapp Sharecenter_img City A.M.’s opinion pages are a place for thought-provoking views and debate. These views are not necessarily shared by City A.M. Winston Churchill once said that Brits are “the only people who like to be told how bad things are, who like to be told the worst”.In these turbo-charged political times, I would take it one step further and say that Brits not only like to be told the worst, but they often expect the worst. Tuesday 27 November 2018 7:34 am Have faith, the UK can weather the political storm by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeBetterBe20 Stunning Female AthletesBetterBeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldFinancial 10NHL Player’s Wife Is Hands Down The Most Beautiful Woman In The WorldFinancial 10Total PastJohn Wick Stuntman Reveals The Truth About Keanu ReevesTotal PastGive It LoveThese Twins Were Named “Most Beautiful In The World,” Wait Until You See Them TodayGive It LoveCrowdy FanKaley Cuoco Net Worth Left Her Billionaire Husband SpeechlessCrowdy FanMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailNoteableyFaith Hill’s Daughter Is Probably The Prettiest Woman In The WorldNoteabley Tags: Brexit People Theresa Maylast_img read more

Credit Suisse ‘wooed’ Sanjeev Gupta before Greensill collapse

Posted On Sep 4 2021 by

first_imgCredit Suisse has been embroiled in further controversy over its links to Sanjeev Gupta after details emerged about the Swiss lender’s direct relationship with the tycoon. Share whatsapp Then in July commodities trader Trafigura warned Credit Suisse that the bank’s supply-chain finance funds appeared to contain a suspicious invoice from Gupta’s business empire. The relationship with Gupta ultimately ended bitterly in March, when Credit Suisse petitioned courts in the UK and Australia to place several of the tycoon’s businesses into insolvency. Credit Suisse is said to have ignored warnings from concerned corporate clients and even its own bankers over the links. Sanjeev Gupta’s Liberty Aluminium Technologies employs 250 people across three UK sites. Former executives at the bank told the Financial Times that leadership wooed Gupta, offering him a string of services as his private wealth manager, as well as VIP treatment. In February 2020 British banking regulators contacted the Serious Fraud Office (SFO) with concerns about Gupta’s opaque empire. whatsapp But the Swiss lender continued lending to Gupta and even considered offering up its own balance sheet to the steel magnate as well, according to the report. According to the report, Credit Suisse provided Gupta with a mortgage for a $27m mansion overlooking Sydney harbour, among a range of other services. He also received VIP banking treatment including a trip to a horse racing event in the Alpine resort of St Moritz and a private meeting with then chief executive Tidjane Thiam. Credit Suisse declined to comment. Show Comments ▼ While Credit Suisse was known to have an indirect exposure to Gupta via Greensill, the revelations of its direct relationship is likely to spark anger among clients. Gupta’s GFG Alliance is on the brink of collapse following the demise of its biggest lender Greensill Capital and is now facing a fraud investigation. It denies any wrongdoing. Friday 11 June 2021 6:39 pm Also Read: Liberty Steel to sell Stocksbridge site as Gupta seeks to pay off creditors Also Read: Credit Suisse ‘bankrolled Gupta despite warnings’ from colleagues elsewhere at bank Tags: Credit Suisse Credit Suisse ‘wooed’ Sanjeev Gupta before Greensill collapse The revelations raise questions over Credit Suisse’s strategy of offering services to high-net worth individuals despite concerns about the risk. Many are facing billions of dollars in losses, with some expected to sue the bank over alleged mismanagement of funds. “The decision to finance entrepreneurs like [Gupta] at any cost was the wrong decision,” one former senior executive at the bank told the FT. “It was a lot of capital going to a highly risky situation.” James Warrington last_img read more

Egan calls for criminal justice bill, income tax

Posted On Aug 24 2021 by

first_imgEconomy | Education | Northwest | Southeast | State GovernmentEgan calls for criminal justice bill, income taxAugust 4, 2017 by Andrew Kitchenman, KTOO and Alaska Public Media Share:State Sen. Dennis Egan, D-Juneau, speaks to the Juneau Chamber of Commerce on Thursday. He called for another attempt to revise the 2016 criminal justice law. (Photo by Andrew Kitchenman/KTOO)State Sen. Dennis Egan said the Legislature should have passed a bill revising last year’s criminal justice overhaul.Senate Bill 54 would have increased jail times for some offenses. The Senate passed the bill by a wide margin.“Senate Bill 54 passed the Senate on a vote of 19 to 1,” said Egan, a Juneau Democrat. “It’s now being held up in the House of Representatives. I think that should have gone immediately, but it’s being held up in a committee. So, we’ll bring it up in the second session.”Egan made the remarks about this year’s regular legislative session and three special sessions Thursday to the Juneau Chamber of Commerce.The criminal justice bill became stuck in the House State Affairs Committee. Two other committees – judiciary and finance – also were scheduled to discuss the legislation.People who support the bill have said the Legislature went too far last year in reducing penalties. Critics of the bill have said it’s too soon to know what changes are needed in response to last year’s law.Egan said there are other bills he’d like to see the Legislature pass. He wants the state to reintroduce an income tax, which he said would provide balance, along with a reduction to Permanent Fund dividends.“We didn’t make government stable, and that really, really concerns me,” Egan said. “We can stop the slashing of state jobs.”Egan said the Legislature could address a new source of state revenue during a fourth special session. He said he expects it to happen after the Alaska Federation of Natives annual convention ends in late October.Egan also defended the Juneau Access Project, a road that would extend north of the city. He said road supporters worked to keep one half the funding for the project.The capital budget the Legislature passed last week shifts some of the money to other Lynn Canal area projects. But Egan said he’s disappointed that other road money was shifted to build a school in Kivalina in Northwest Arctic Borough.“We had promises the money would remain in District Q,” he said. “It didn’t happen. We had school construction at a location 1,066 miles from us.”The school funding follows up on a 2011 settlement of the Kasayulie lawsuit that required the state to provide money for schools in some remote villages.Share this story:last_img read more

Ocado confident of closing first deal with international retailer

Posted On Jul 13 2021 by

first_img whatsapp Tags: NULL Show Comments ▼ Share Tuesday 30 June 2015 8:30 pm More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgUK teen died on school trip after teachers allegedly refused her pleasnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comKiller drone ‘hunted down a human target’ without being told tonypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgWhite House Again Downplays Fourth Possible Coronvirus Checkvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgInstitutional Investors Turn To Options to Bet Against AMCvaluewalk.com whatsapp OCADO said yesterday it was confident of signing its first deal with an international retailer this year, after delivering better-than-expected first half sales. The online grocer’s shares rose more than 15 per cent in June on hopes that it would announce a deal alongside its results.They fell in early morning trading as a deal evaded hopeful investors, before closing flat at 430.30p.Chief executive Tim Steiner said it is in talks with several retailers and some “at a very detailed level”.Despite intense price competition in the UK’s supermarket sector, Ocado enjoyed a 15.7 per cent rise in gross retail sales to £511.9m in the 24 weeks ended 17 May.Core earnings rose 11.4 per cent to £38.2m – ahead of forecasts. Express KCS Ocado confident of closing first deal with international retailer last_img read more

News / Investment in air cargo at Heathrow vital if UK shippers are to remain competitive

Posted On Jul 4 2021 by

first_imgBy Alex Lennane 20/03/2014 High-end manufacturing and retail companies in the UK risk losing their competitiveness without additional investment into London Heathrow Airport, according to new research by the Freight Transport Association (FTA).A report, released today, outlines the significance of air freight to the UK economy – showing that it accounts for 40% of UK imports and exports by value – and reveals that Heathrow (LHR) is critical to its supply chains, in particular to companies making high-value goods.“Around 39,000 freight jobs have been created in the UK as a result of the air cargo industry, and most of those are clustered in the Heathrow area,” said Chris Welsh, FTA director for global and European policy.“Science parks and high-end engineering also tends to be based in places like west London and Cambridge to take advantage of connectivity through Heathrow. You start to lose competitiveness as LHR becomes eroded, and high-end manufacturing becomes more vulnerable vis-vis competitors in countries like Germany, France and the Netherlands, where they have invested in airport infrastructure.” As the UK airports debate grows louder following the government’s decision to launch an Airports Commission to study where investment in aviation infrastructure should be made, the FTA has backed an option to boost services at Heathrow, the UK’s only hub airport.“UK supply chains are dependent on robust systems. Industry is keen to use regional airports, but what came out strongly when talking to our members was that they are heavily dependent on Heathrow,” added Mr Welsh.“The high level of connectivity is greatly valued. But LHR is at 98% capacity, and the lack of resilience in the system is becoming evident in terms of flight delays, and freight in particular can miss out.“The problem is going to get worse unless there is investment.”The issues covered by the report, entitled Sky-high value – the importance of air freight to the UK economy, will be debated at the forthcoming Multimodal 2014 event in Birmingham, which for the first time will host an air freight pavilion, as the UK’s air cargo industry starts to form a more cohesive body, in line with other countries.The Airports Commission, headed by Sir Howard Davies, has published three shortlisted options: adding a third runway at Heathrow; lengthening an existing runway at Heathrow; and adding a new runway at Gatwick. It is also examining a plan to build a new airport on an island on the east coast – although there is some suspicion that this is included for political, rather than practical reasons.While the FTA said it “broadly” backed the initial findings of the Commission, Mr Welsh added that it did have some concerns.“One thing that is slightly worrying is that the Commission didn’t really fully understand the hub concept. We got the feeling it didn’t think a hub was so important, and failed to understand that hub airports attract a wide range of services, including transhipment, which can build critical mass at an airport.”He added that air cargo tended to be overlooked in favour of passenger travel – an accusation which could also be levelled at Heathrow itself. The airport rarely mentions freight in its communications, fails to answer questions on cargo operations at the airport and is believed to have just one part-time cargo manager. The airport’s “horseshoe” cargo area, which saw 1.4m tonnes of freight in 2012, according to the latest published figures, is notorious for its creaking infrastructure and dangerous layout.“There does seem to be a growing recognition at LHR that it needs to promote the benefits of air freight to the economy,” said Mr Welsh. “The industry is predominantly backing Heathrow as it is a very important freight airport, and a natural asset, and LHR is understanding that better. The industry does not want to jeopardise Heathrow, as UK PLC will be the main loser if that happens.”The UK air freight debate will be held at Multimodal at the NEC, Birmingham, on April 30, following a presentation by HRH Princess Anne on Transaid and humanitarian logistics. But it’s not just royalty attending – DP World has invited former football star Kevin Keegan to the event, which is free to attend. What more could you want?last_img read more

News / 2M drops eight port calls, adds six ULCVs and returns to slow-steaming in network revamp

Posted On Jul 4 2021 by

first_imgBy Mike Wackett 19/12/2018 The 2M alliance is to phase in six more ultra large container vessels (ULCVs) into its 10 Asia-Europe service strings from next March in an endeavour to improve schedule reliability, which it said had been blighted by bad weather and terminal congestion.However, the weekly capacity offering will be unchanged due to the implementation of further super slow steaming on the tradelane.2M partner MSC was especially critical of the part that container terminal hubs have played in the industry’s deteriorating schedule reliability.“We can only assume that container terminal congestion at the main ports of the trade will continue to worsen, leading us to anticipate and incorporate longer time buffers in the schedule, in terms of port stays and speed at sea,” said MSC.Indeed, at the beleaguered UK port of Felixstowe, which is still suffering disruption following a terminal operating system upgrade in the summer, The Loadstar has learnt that shipworking is still only achieving around 15 moves per hour – well below the levels before the software update.However, one terminal operator source The Loadstar spoke to today turned the blame on carriers for their “cavalier attitude” to scheduling.“We welcome the 2M’s decision to allow more buffer time in their schedules,” he said, “hopefully they will now be able to make their berthing windows and that will certainly make our job a lot easier.”Not only is the 2M adding six more ships to the network, but it is also dropping eight port calls which it said would be achieved with “minimal impact to product offerings” by suspending duplicate calls and offering “competitive” transhipment.Maersk Line conceded that the improvement in schedule integrity came at the cost of “slightly prolonged” transit times.“To meet our customer’s increasing need for reliable cargo delivery, we have reviewed our service network and identified additional time to recover from the potential delays we continue to face from bad weather and other external factors,” said Johan Sigsgaard, head of Europe trade at Maersk.No details of the extended transit times of the rejigged network were published by either Maersk or MSC, and they said the itineraries remained “subject to further updates”.Notwithstanding the reliability issues, the 2M’s strategy achieves two additional goals – deploying surplus tonnage and preparing for the advent of IMO 2020, when in particular Maersk’ ships will be required to consume the more expensive low-sulphur fuel and possibly prompting even slower steaming to conserve bunkers.The 2M reactivated its AE2/Swan loop earlier this month after it had been suspended at the end of September.Meanwhile, Alphaliner’s analysis of the revamped THE Alliance network said that its new combined FE1/PS1 Asia-North Europe-US West Coast pendulum service is expected to remain the only alliance loop on the Asia-North Europe route deploying tonnage of 10,000 teu and below.The consultant also noted that THE Alliance’s revised PN2 transpacific service will offer the first direct North Vietnam-US connection.Depending on the development of the US/China trade war, and the possibility of shippers looking to redesign supply chains, the direct connection could give THE Alliance carriers a marketing advantage.last_img read more

Public consultation on future of Student Grant Scheme underway

Posted On Jun 20 2021 by

first_img RELATED ARTICLESMORE FROM AUTHOR Previous articleDaniel and Majella O’Donnell to headline virtual St Patrick’s Day concert in Laois parishNext articleCoronavirus: 10 further deaths and 646 new cases as Laois rate continues to fall Alan HartnettStradbally native Alan Hartnett is a graduate of Knockbeg College who has worked in the local and national media since 2008. Alan has a BA in Economics, Politics and Law and an MA in Journalism from DCU. His happiest moment was when Jody Dillon scored THAT goal in the Laois senior football final in 2016. Facebook By Alan Hartnett – 12th March 2021 Facebook TAGSFiona O’Loughlin Electric Picnic Pinterest Mary Sweeney elected Cathaoirleach of Portlaoise Municipal District for next 12 months Pinterest WhatsApp Electric Picnic apply to Laois County Council for new date for this year’s festival center_img These include examining the value of the maintenance grants and income thresholds, the availability of grants for part-time students, adjacent and non-adjacent rates, supports for postgraduates and how Ireland compares against other jurisdictions.The existing SUSI Scheme has been established since 2012 and every year, it helps over 70,000 students access third level education annually.However, according to Senator O’Loughlin, the current system needs to be reviewed to determine if it reflects the realities of the current student experience.She said: “It is essential that everyone’s voice is heard in this process which will inform the future direction of this scheme and helps access to third level.“Everybody will have an opportunity to make a submission.“I would encourage everybody who has an interest in the future direction of the SUSI scheme to take the time to participate in this consultation process and make their views known.”The consultation will run until April 16 and is available here.SEE ALSO – Daniel and Majella O’Donnell to headline virtual St Patrick’s Day concert in Laois parish WhatsApp Home News Community Public consultation on future of Student Grant Scheme underway NewsCommunity Twitter Public consultation on future of Student Grant Scheme underway Electric Picnic organisers release statement following confirmation of new festival date Council Twitter Electric Picnic A public consultation on the review of the Student Grant Scheme (SUSI) is underway.Local Senator Fiona O’Loughlin, as Chair of the Oireachtas committee on Education, sought for this review which was committed to under the current Programme for Government and announced as part of Budget 2021.The Rathangan native says the review’s terms of reference are wide-ranging.last_img read more

Verschuren named new head of Venture Capital Expert Panel

Posted On Jun 18 2021 by

first_imgIE Staff She was previously president of The Home Depot Canada and Asia and president and co-owner of Michaels of Canada. The panel in was established in May 2013 in order to advance key elements of the government’s Venture Capital Action Plan (VCAP). Over the past eight months the panel has been providing advice and recommendations on elements of the VCAP, including the selection of four high-performing funds to receive an aggregate investment of $50 million from the federal government and the ongoing evaluation of proposals received under the Canada Accelerator and Incubator Program, led by the National Research Council of Canada’s Industrial Research Assistance Program. “It is a pleasure to announce the appointment of Annette Verschuren as the chair of the Venture Capital Expert Panel. With her extensive professional and public experience, Ms. Verschuren has the depth of understanding to help our government make the decisions necessary to improve financing for Canada’s venture capital sector,” said Flaherty. Keywords Appointments,  Venture capital PenderFund names new SVP for investments Related news Finance Minister Jim Flaherty Monday announced the appointment of Annette Verschuren as the new chairwoman of the Venture Capital Expert Panel. Verschuren has been a member of the Venture Capital Expert Panel since May 2013. She has extensive experience in the business community and the venture capital sector as chairwoman and CEO of NRStor Inc., a company focused on accelerating the commercialization of energy storage technologies through the planning and development of energy storage projects. center_img Share this article and your comments with peers on social media CETFA elects new board leader TD getting new head of private wealth, financial planning Facebook LinkedIn Twitterlast_img read more

Impact of ECB negative rate cut ‘limited’: Moody’s

Posted On Jun 18 2021 by

first_img Analysts at the major credit rating agencies suggest that what the bank said with these moves may prove more important than what it did. In a new report, Moody’s Investors Service says that “the economic and credit impact of yesterday’s policy announcement is likely to be minimal”; however, it does see an important message to the markets in its actions. Indeed, Moody’s says that while the measures announced yesterday “are unlikely to significantly alter the economic or financial outlook for the euro area … their broader significance is that the ECB has demonstrated its commitment to providing different forms of further monetary stimulus, should they be required.” Fitch Ratings echoes this view, saying that it doesn’t expect that the ECB’s moves will do much to lift inflation, or to improve the flow of credit, but that it does reinforce the belief that “eurozone authorities and policymakers are alive to the continuing risks to the bloc’s long-term recovery and adjustment.” “The breadth of the ECB’s announcement is notable,” Fitch says. “It includes rate cuts including a move to negative deposit rates, measures to provide banks with cheap funding, and further work on potential asset-backed securities purchases. This may be more effective than announcing measures in isolation.” “It is through their signalling effect that these measures are likely to have the greatest impact,” notes Marie Diron, senior vice president in Moody’s credit policy unit. The latest efforts of the European Central Bank (ECB) to kickstart economic growth and stave off deflation aren’t expected to have a huge impact by themselves, more important is the signal policymakers are sending. The ECB cut its various lending rates on June 5, as expected, even taking one of its key rates into negative territory. Additionally, the bank announced a couple of other unexpected policy measures aimed at encouraging credit growth and boosting inflation; and, it suggested that outright asset purchases may follow. Fed warns U.S. financial system remains vulnerable Keywords Interest rates,  Europe Share this article and your comments with peers on social media Related newscenter_img James Langton Facebook LinkedIn Twitter Rising interest rates could dampen stimulus impact: PBO BoE predicts best economic year for the U.K. since 1941last_img read more

We all play a part in road safety

Posted On Jun 16 2021 by

first_imgWe all play a part in road safety About 1,200 Australians die on our roads every year and 44,000 are seriously injured, costing the economy an estimated $30 billion.The human cost – in deaths, serious injuries and lasting disabilities – is immeasurable.You may have thought that if we all just avoided the ‘fatal five’ top risks when getting behind the wheel, a safe drive for all could be guaranteed. If we all just avoided speeding, not wearing seat belts, alcohol and drugs, distraction and fatigue then we could solve the problem of road trauma.But humans are not perfect, and we will continue to make mistakes. That’s why it’s important to think about the big picture when it comes road safety, taking into account not just individual decisions, but the system as a whole.Safe system: roads, cars and peopleThe ‘safe system’ approach moves beyond blaming the individual road user for making a mistake to a shared responsibility among all those designing and using the transport system. We need to manage the system in such a way that when crashes happen, they do not lead to death or serious injury.Safer roadsOne way to do this is to build safer roads. This is not simply about building new roads, or identifying particular ‘black spots’, but about making sure that all road improvements are engineered to high standards, with safety considerations built in from the start.Infrastructure programs dedicated to road safety will also help lift the standard of our road network. The AAA has called on the Australian Government to provide financial incentives to state and territory governments that appropriately deliver and report on agreed road safety actions.For example, the recent federal Budget includes a new $2 billion Road Safety Program estimated to deliver 3,000 kilometres of life-saving road improvements. These small-scale projects will include upgrades such as wire rope safety barriers that can reduce crashes caused by vehicles running off the road or swerving into the wrong lane. They could also involve rumble strips to alert drivers and riders that they are moving out of their lane, reflective signage, new shoulder sealing, and median treatments to prevent head-on collisions.Safer carsAnother way to improve safety is to reduce the age of vehicles on our roads. Newer cars are safer cars and older cars are disproportionately involved in fatal crashes. It’s been estimated that one third of the reduction in Australia’s road toll can be put down just to the use of safer vehicles. So efforts to reduce the average age of the vehicle fleet in Australia are also important in reducing road trauma.The 2020 ABS Motor Vehicle Census shows that the average age of passenger cars in Australia -currently at 10.1 years – has been rising over the last five years. This is a worrying trend and the AAA has recommended the Government set targets for reducing the age of the fleet and create initiatives to meet them.Initiatives such as the Australasian New Car Assessment Program (ANCAP) have an important role in improving the safety standards of vehicles sold in Australia. ANCAP awards a star rating to indicate the level of safety a vehicle provides for occupants and pedestrians in the event of a crash, as well as the performance of driver assistance systems and collision avoidance technology.Safer peopleIt’s the responsibility of road users to comply with the law and avoid the fatal five. However, many others, such as road authorities, police forces, politicians, vehicle manufacturers and freight companies all contribute to a safe transport system.The overarching goal of the safe system is ‘vision zero’ – even when crashes do happen, they should not lead to death or serious injury. Australia has a stated aim of meeting this target by 2050.Ultimately road safety is not just a transport problem. It’s also about the attitudes and culture of individuals, families, communities, workplaces and organisations. We can all be champions for safety in these various settings and influence those around us to do the right thing.Road safety is everyone’s responsibility. (function() { var qs,js,q,s,d=document, gi=d.getElementById, ce=d.createElement, gt=d.getElementsByTagName, id=”typef_orm”, b=”https://embed.typeform.com/”; if(!gi.call(d,id)) { js=ce.call(d,”script”); js.id=id; js.src=b+”embed.js”; q=gt.call(d,”script”)[0]; q.parentNode.insertBefore(js,q) } })() /Public Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. View in full here. Why?Well, unlike many news organisations, we have no sponsors, no corporate or ideological interests. We don’t put up a paywall – we believe in free access to information of public interest. Media ownership in Australia is one of the most concentrated in the world (Learn more). Since the trend of consolidation is and has historically been upward, fewer and fewer individuals or organizations control increasing shares of the mass media in our country. According to independent assessment, about 98% of the media sector is held by three conglomerates. This tendency is not only totally unacceptable, but also to a degree frightening). Learn more hereWe endeavour to provide the community with real-time access to true unfiltered news firsthand from primary sources. It is a bumpy road with all sorties of difficulties. We can only achieve this goal together. Our website is open to any citizen journalists and organizations who want to contribute, publish high-quality insights or send media releases to improve public access to impartial information. You and we have the right to know, learn, read, hear what and how we deem appropriate.Your support is greatly appreciated. All donations are kept completely private and confidential.Thank you in advance!Tags:AAA, ABS, Alcohol, Australia, Australian, Australian Automobile Association, Australian Government, building, collision, Economy, fatal crash, Government, infrastructure, running, speeding, technology, vehiclelast_img read more