.....of a dying coach.
"They'll be no good without McCaw and Carter."
August 28 in history
1 hour ago
Silver for "Gutted" Jared Tallent.
Employment surge comes at expense of taxpayersRampant growth in public-sector jobs and wages is exacerbating the nation’s debt and deficit woes and stoking concern among business leaders about continued government borrowing to pay wages bills.An analysis of jobs data by The Weekend Australian shows that the rapid expansion in public-sector employment and wages comes as workers in the private sector face increased job insecurity and record-low salary rises.
BHP Billiton has posted a statutory net full-year loss of $US6.385 ($8.3 billion) on significant one-off write-downs. It is the company's first annual loss since BHP and Billiton merged 15 years ago.
The company was expected to post a $US5.9 billion ($7.7 billion) loss according to the average of 11 analysts' estimates compiled by Bloomberg.Now have a look at a more intelligent report from the Australian.
BHP Billiton's slump in profit was largely driven by a 31 per cent dive in revenue due to plunging commodity prices. (my italics)
Secondly, the loss was created by asset writedowns because it paid too much for US shale oil and gas assets in the boom and was hit by last year’s Samarco disaster.So the truth on the matter is the ABC is telling lies. There was no trading loss, as the ABC report falsely implies. The 'loss' was brought about by bringing to book the sale of over-valued assets.
BHP actually created a cash surplus from earnings and made a trading profit. Indeed that trading profit of some 22 cents a share was less than its 30 cents a share dividend, which reflects confidence in the 2016-17 outlook and its moderate gearing.
China has launched the world's first quantum satellite, which will help it establish "hack-proof" communications between space and the ground, Chinese state media says......
......The Quantum Experiments at Space Scale, or QUESS, satellite, was launched from the Jiuquan Satellite Launch Centre in the remote northwestern province of Gansu in the early hours of Tuesday, the official Xinhua news agency said.
"In its two-year mission, QUESS is designed to establish 'hack-proof' quantum communications by transmitting uncrackable keys from space to the ground," it said.
"Quantum communication boasts ultra-high security as a quantum photon can neither be separated nor duplicated," it added. "It is hence impossible to wiretap, intercept or crack the information transmitted through it."
A new Labor branch-stacking scandal has erupted in Bill Shorten’s home state, with a flood of up to 1400 prospective ALP members in Julia Gillard’s former seat of Lalor and applications frozen in other suburban electorates.
The freeze on the memberships — many of them from members of Melbourne’s large Indian community — comes just months after the party expelled hundreds of bogus members in the biggest purge in its history.
One source said “this is recruitment on a scale that we have not seen in 20 years”, with 400 applications submitted in just one weekend in the federal seat of Holt in Melbourne’s southeast.