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Bangladeshi send-off gets tongues wagging

Chittagong: The line between what is and isn’t acceptable behaviour on a cricket field is again in question after Bangladesh’s Nasir Hossain gave a cheeky send-off to ‘s Pat Cummins on day three at the Zahur Ahmed Chowdhury Stadium.
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lost 6/78 as the Tigers limited the tourists’ first innings lead on a rain-affected day, with 9/377 in their first innings at stumps, leading Bangladesh by 72 with two days to play.

One of the men to fall in ‘s collapse was Cummins, who was adjudged lbw to spinner Mehedi Hasan after the hosts reviewed an initial not out decision from umpire Nigel Llong.

When Llong raised his finger to send Cummins on his way, so too did Nasir, who was standing next to the umpire and almost in sync with the official.

The ICC are not expected to sanction Nasir. Speaking after play, n vice-captain David Warner – who completed his second century of the series on Wednesday, said he hadn’t seen the incident.

“I wasn’t watching, so I don’t know much about that. It’s one for obviously the umpires to look at and deem if it was a send-off or not. From my past track records I know that the heat can get to you sometimes. I’m not making excuses for him, but yeah,” Warner said.

Warner was eventually out for 123, but was also involved in the runout of Peter Handscomb for 82, with the Victorian caught short following a direct hit from Shakib Al Hasan, having retreated from what would have been Warner’s 100th run.

Warner lauded Handscomb’s selflessness.

“As I said to him in the change rooms, it’s one of those things where you try and help your teammate out,” Warner said.

“We did speak about it between the overs to suggest ??? he said to me, ‘I’m looking for it’. It’s one of those great pieces of fielding – they were very close. I knew that they were close and my ‘no’ probably wasn’t early enough. It was quite tough to actually look and then say, ‘no’. It was very selfless of him.”

Cummins was the third n wicket in succession to fall following a DRS review, with Matthew Wade (eight) and Glenn Maxwell (38) both removed after unsuccessful challenges.

Warner said the DRS remained a challenging part of the game for his team to master.

“I think once you get down the the tail end and you’ve got your last sort of batters in, you tend to just use it, and I think that’s where the boys messed up last game,” he said.

“It’s about cricket awareness and we always talk about these things when you’re out there. You’ve got to be close enough as well at the other end, and try to be in line as much as you can. With umpire’s call playing a big role in that, if he gives you out it’s quite challenging to turn that over. So that’s always in the back of your mind, especially when you’re given out lbw, and in these conditions it’s quite challenging as well. Umpires might make mistakes and you as a batsman are definitely going to make mistakes as well, so it’s not an easy job for either or. It can be quite challenging in these conditions definitely, when you’re trying to pick out when to do your DRS.”

Rain could still play a part in the match after the first session was washed out on Wednesday, with downpours forecast for both Thursday and Friday. But Warner remained upbeat about his side’s chances of levelling the series with a win, suggesting that the wicket was holding up well.

“Well it’s crucial that we try and put as many runs on the board as possible. I wouldn’t say the wicket is deteriorating, there’s a little bit of rough out there created from the bowlers,” Warner said.

“The middle of the wicket is still nice and true. But as the spinners do, they’ll work what they need to do and hit those rough areas. But it’s upon the batsmen obviously to work out what they want to do, if you want to sweep, if you want to lunge forward and negate that. There’s going to be plans both sides.”

Kimye expecting third child: reports

Kim Kardashian and Kanye West will welcome a child via surrogate in January, according to reports.
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Celebrity news website TMZ is reporting Kimye are expecting their third child in early 2018.

According to TMZ, the couple, who are already parents to four-year-old North and 21-month-old Saint, are paying the surrogate $US45,000 ($56,000) for her services after finding her through an agency.

The Kardashan West clan reportedly hired the surrogate because Kim suffers from placenta accreta, a condition where the placenta attaches itself too deeply to the uterine wall.

Eventual attempts to remove the placenta can result in hemorrhaging for the mother, as well as damage to the uterus. The condition also increases the risk of a premature delivery.

“The entire family is over the moon. Kim had been looking for a surrogate for months until recently when she found the perfect candidate,” a source told People magazine.

“Given her health scares in the past, Kim felt the need to hire a surrogacy agency that helped serve as the liaison in finding a healthy woman who would be a great surrogate option for her and Kanye. Both of them have been super involved in the process.”

Kim’s fertility was the focus of an episode of Keeping Up with the Kardashians last November.

In the episode, the reality star visited two fertility specialists, one of whom told her that, given the medical risks she would face in a third pregnancy, using a surrogate was “not an unreasonable option”.

“If the two doctors that I trust have told me it wouldn’t be safe for me to get pregnant again, I have to listen to that,” she said at the time.

“But because I don’t know anyone that has been a surrogate or used one, I didn’t really think about that as an option for me.”

In a meeting with a woman who had worked as a surrogate shown in the same episode, Kim expressed worry that, if she had a child by surrogate, she would not “love them the same” as her two biological children.

At the end of the episode, Kim concluded she would not try for another children biologically and instead wanted to “explore surrogacy”.

Earlier this year, another episode of her reality show followed Kim as she had an unsuccessful procedure to increase her chance of conceiving naturally.

“I always knew surrogacy was an option; now it’s my reality,” she said on the episode. “Whatever is meant to be will be.”

In June, it was reported that the family had engaged a surrogacy agency, although they did not confirm the rumours.

Daily Life

The 10 essential things every traveller forgets

Galloping off to some far-flung corner of the planet has now become so commonplace we don’t think twice about it. Money, passport, air ticket and we’re off, and if we’ve forgotten anything, wasn’t that why shopping was invented? But familiarity breeds neglect. Inevitably, there are things we forget, details we probably once observed when we travelled, and since it all worked out perfectly okay last time, why bother? Time to lift our collective game. Here are 10 must-dos for the next time you’re out and about in the world.
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See also: Why is the land of the idiotWash those paws” src=”http://www.smh苏州夜总会招聘.au/content/dam/images/g/y/c/a/v/o/image.imgtype.articleLeadwide.620×349.png/1504690169930.png” title=”” width=”100%”>

Photo: Alamy

Simple to do, and one of the most effective ways to block a lurgy from entering your digestive tract – but how many times do you finger-pop a samosa or a cavalo nero and prosciutto bruschetta into your mouth, or dip into the tapas without washing your mitts? Bacterial swabs taken from unwashed human hands have been shown to harbour more nasties than railway station benches, more than kitchen sponges, more even than the average TV remote control, and there’s no way you’d be licking one of those. Email all docs to self and someone who cares

Passport info page, air tickets, travel insurance policy, licence, itinerary – these are all stuff you’re likely to need should you and they through misadventure part company. Save them in as many places as you can think of – email, the cloud and at the email addresses of trusted friends and relations who can be called on if your hour of need arises. Advertising your absence” src=”http://www.smh苏州夜总会招聘.au/content/dam/images/g/y/c/a/9/b/image.imgtype.articleLeadwide.620×349.png/1504688017299.png” title=”” width=”100%”>

Photo: Alamy

This is a real Facebook post form a friend: “Hey everyone, having a fabulous time at Nusa Dua, still got another week of heaven to go.” This is maybe not such a smart message to broadcast to your Facebook friends – and remember that attractive person with the mysterious name who sent you a friend request way back when which you accepted? That could be information of interest to them, or anyone else for whom your absence might constitute an opening for personal enrichment. Maybe keep a lid on your movements and if there are kids in the picture, a word about zipping the lips, the circle of trust, the need-to-know principle etc. Surely this Bangkok motorcycle taxi is the smart way to get around?In Bangkok, get a tuk tuk.” src=”http://www.smh苏州夜总会招聘.au/content/dam/images/g/y/c/a/m/8/image.imgtype.articleLeadwide.620×349.png/1504689156902.png” title=”” width=”100%”>

Travel in Bangkok can be tenuous. Photo: Alamy

The two-wheeled version of The Fast and the Furious, Bangkok’s motorcycle taxis are the way to beat the city’s gridlocked traffic when you’re in a hurry. Locals use them all the time but they’re risky, and not for the faint of heart. Expect a high-speed slalom ride that sometimes involves weaving through markets, up one-way streets the wrong way, onto pavements and those red lights are strictly advisory when there’s no cop around. Possibilities for catastrophe are ever-present. You won’t get a helmet most likely, and if it’s wet, you’re better off walking. In fact if sense prevails you’ll probably walk anyway, or use the excellent BTS Sktrain. The seatbelt sign is off, so why should I keep it on?

Turbulence is not always predictable. Hit an air pocket and your aircraft might fall several metres, but you might not if your seatbelt is flopping by your side, causing your head to meet the overhead bin in a bruising and possibly bloody encounter. Not knowing the exchange rateKnow the exchange rate before you get to a destination.” src=”http://www.smh苏州夜总会招聘.au/content/dam/images/g/y/c/a/d/9/image.imgtype.articleLeadwide.620×349.png/1504688406821.png” title=”” width=”100%”>

Know the exchange rate before you get to a destination. Photo: Alamy

So you’re in Florence and figuring on around 70 Euro cents to the dollar, give or take. Which makes that leather jacket at 500 euros just a shade over $700, right? In fact more like $770 because at the credit card rate, your dollar is worth only around 64.8 cents, so maybe not such a bargain. Knowing the exchange rate in wherever you find yourself can save you from a nasty surprise down the line, and reach for a calculator if there are big sums involved. Remember too that the rate you get from an ATM is probably slightly better than the rate on a credit card transaction. Also, know what the local currency looks like. I once paid for a meal on the waterfront at Split in Croatia mistaking the euros in my wallet for local kuna. For a lunch that cost HRK70, about $13.25 at the time, I paid ???70. I might have even added a tip. The waiter took the cash and disappeared, never to be seen again.

See also: The world’s top 7 travel scamsSort out your meds” src=”http://www.smh苏州夜总会招聘.au/content/dam/images/g/y/c/a/g/a/image.imgtype.articleLeadwide.620×349.png/1504688593887.png” title=”” width=”100%”>

Photo: Alamy

Ever tried miming a headache in Hindi? Or busy bowels in Burmese? You can waste heaps of time in pharmacies trying to find the stuff you need to fix simple and predictable ailments, and it’s plenty worse if you’re struck somewhere remote and they’re not available. Read your travel insurance PDS

The product disclosure statement that comes with your travel insurance policy is an insomnia sure-cure but it’s a necessary read. The ifs and buts can bring you undone if you try and claim for something your insurance excludes. If you’re relying on the travel insurance that comes when you use your credit card to pay for your travels, extra care is needed. Some of these policies need to be activated and others limit the amount of medical cover they provide without clearance from the insurer, and that’s something you need to know.

See also: The 13 things you will never hear an n traveller sayThe stash

Your wallet and it’s probably loaded with goodies. All your cash, cards, the whole deal that keeps your holiday afloat. And it might be sitting in your back pocket, or tucked inside a handbag, maybe even with the zipper open. Should it go walkabout in a stranger’s hands, you’re possibly down to whatever bits of silverware are jingling in your pocket and that’s not a happy place to be. Take out what cash and cards you might need for the day and leave the rest in your hotel, preferably in the safe or else locked inside your luggage. If there are two of you, divvy up the loot between you. Register travel plans with DFAT

Logging onto the Smartraveller website and telling the Department of Foreign Affairs and Trade where you’re going takes about five minutes. Recent terror attacks have shown that there is just about no place where you can take your security for granted, and DFAT needs to know if you’re in-country when things turn nasty.

See also: The world’s most popular way of travelling will shock you

See also: What it’s like to be in economy on the world’s longest flight

ACT forecast to avoid load shedding this summer

The ACT is unlikely to experience rolling blackouts this summer after narrowly avoiding load shedding earlier this year, the national power system manager has said.
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The n Energy Market Operator found while Victoria and South faced a heightened risk of failing to meet the demand for electricity in the 2017-18 summer, there was no forecast risk for the NSW-ACT region.

But ACT climate change minister Shane Rattenbury acknowledged electricity supply was never 100 per cent guaranteed and said the government was “closely monitoring” preparations for the coming summer period.

To that end, the territory will this month take part in a national electricity and gas emergency exercise.

Mr Rattenbury said they’d also partnered with the NSW and Commonwealth governments to identify major electricity users in the area that could be asked to cut down should a shortage arise.

But the government may still call on the community to reduce their use, like they did earlier in the year, to reduce stress on the electricity grid and prevent a wider blackout.

“The ACT has established load shedding guidelines, if required. These guidelines would initiate rolling electricity supply outages of up to two hours across different areas of the electricity network,” Mr Rattenbury said.

“The guidelines establish an order of priority to ensure critical infrastructure such as hospitals, emergency services, Canberra Airport and water treatment facilities will not have their electricity supply interrupted, unless it was absolutely necessary and no other alternative was available to preserve the power system or ensure public safety.”

The government is also developing a communications strategy to tell businesses and residents how they can save power over summer to further reduce pressure on the electricity grid.

AEMO recommended governments look at back-up power supply options, like battery storage or generation on the grid, to lower the risk of unscheduled blackouts during peak periods.

They found the risk of load shedding in the NSW-ACT and Victoria regions is likely to increase with the closure of the Liddell power station in 2022.

However their analysis showed renewable energy generation could help maintain reliability in the grid even without strategic reserves.

Cyclist threatened in Summer Hill road rage altercation

The driver of a Toyota Hilux who was involved in an alleged road rage attack in Summer Hill.A violent road-rage incident between a driver and a cyclist that unfolded in Sydney’s inner west has been caught on camera.
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The video, shot by the cyclist, shows the driver of a Toyota Hilux unleashing a tirade of abuse against him.

The altercation, which was sparked by a minor collision between the cyclist and the driver, erupted on Grosvenor Crescent in Summer Hill about 7.50am on Wednesday.

The 45-year-old driver allegedly called the 23-year-old cyclist “Aussie scum” and repeatedly threatened him before allegedly striking him.

“I’m Lebanese mate, I’m going to f— you,” the driver is heard yelling at the cyclist.

“I’m going to f— your life, you son of a bitch. I’m going to follow you, I am going to f— your life.”

A police spokeswoman said officers were called to the altercation.

“It is alleged the driver punched the cyclist,” she said. “Investigations are continuing.”

The driver, from Sydney’s inner west, told Channel Nine’s Today show that he slapped the cyclist after being provoked, and he regretted his actions.

“[He was] sticking his finger up, carrying on,” he said.

“We were driving and I didn’t hit him, then [he] got in front of me and he started riding slowly, sticking his finger up and then he took off, braked, and I was rolling in traffic and I hit his back tyre.

“It’s not right. I didn’t provoke it. I’m not a violent person.” In the last few moments the driver involved in a frightening road rage incident in Sydney has spoken. #9Todaypic.twitter苏州夜总会招聘/uMdgxUdnWg??? The Today Show (@TheTodayShow) September 6, 2017*/

Through the cracks: The story of a little girl lost in Mandurah

The Mandurah Mail writes many stories about the achievements of remarkable young people, but this one is not like the others.
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The law means we can’t show you a photo of this particular 13-year-old’sbrilliant, hopeful smile or even use her real name.

We can’t tell you where she’s from or the complete story of the violence and abuse she has suffered at the hands of relatives.

But what we can tell you about Danni –this is not her real name–is both terrifying and inspiring.

For the past three weeks she has been staying in Mandurah after two months ago being thrown out of her home in Perth where she lived with her guardian.

In the middle of a cold July nightDanni was told to get out of the house with only the clothes on her back.

She waited outside a friend’s house until the morning, then –unlike so many homeless young people –went to school.

Withouttelling her teachers she didn’t have a place to sleep –because she was afraid –she borrowed a uniform and a school bag and went to class as though nothing was wrong.

For the following six weeksshe managed to eat at friends’ houses and arrange “sleep-overs”, only occasionally going hungry or sleeping in backyards.

But three weeks ago, she met a Mandurah mum who learnt about Danni’s circumstances and decided enough was enough.

Since then, Jennifer –again, not her real name – has worked overtime to get the authorities to take some kind of responsibility for Danni.

“She was taking herself to school,” Jennifer said.

“She’d been couch hopping for over a month and a half, and her family didn’t even wonder where she was, they weren’t even looking for her.

“When Danni told me what was going on, I said, ‘This is bulls**t’.”

She said she immediately rang Danni’s school in Perth and contacted the Department of Child Protection, but has felt she has been knocking her head against the wall, with phone calls unreturned and non-profits unable to assist.

Jennifer said she felt as though no-one was prepared to help.

“This is what I don’t get,” she said.

“These mums who were looking after her for a day or two or whatever, what are you thinking?”

Danni had spent most of her life moving from foster home to foster home, struggling to make friends and shifting schools regularly.

Jennifer was furious our community could let a 13-year-old girl live on the streets without a home while having the determination and self-discipline to take herself to school.

“You know what really p****s me off?” she said.

“But there has to be some means of government assistance in advising a young girl. Why hasn’t she been contacted once throughout this whole process?

“There is a breakdown in this stupid bureaucratic system and I can’t believe I’m only learning about it this way because I know there must be hundreds of kids out there that are doing this, and the government is just fobbing you off.”

She said the irony was that Danni would need her guardian’s permission to enrol in a new school in Mandurah, but that her guardian wanted nothing to do with her.

But Jennifer said she was inspired by the 13-year-old who she said would be in her life forever, come what may.

“You know what? She’s done it all on her own. The tenacity,” Jennifer said.

“She’s so brave and I’m so happy and I knew when I met her she was a good kid.

“She’s been reading books since she’s been here, she’s dug out homework from the old school.

“All she wants to do is go to school.”

Help is available by calling the Kids Helpline on 1800 55 1800 or by going to kidshelpline苏州夜总会招聘.au.

Facts and figuresThe latest statistics collected in Western revealed there were more than 5000 children under the age of 14 who accessed specialist homeless services in 2013-14.In 2016, a government report revealed 28 per cent of people accessing specialist homeless services were under the age of 18 and 18 per cent under 10-years-old.

How tax planning distorts the property market

20110528. BRW. Torquay. Generic Real Estate. Property, for sale, sold, housing, growth, development, housing market, greater melbourne, home, residential, real estate, home buyer, rent, lease, land, interest rates, building.Photograph by Arsineh Houspian. +(61) 401 320 173. [email protected]苏州夜总会招聘Far from encouraging efficient use of the housing stock and improving housing affordability, proposals to increase the capital gains tax payable on the sale of investment properties could well add to current housing problems. A concerned reader highlighted this point arguing that even today’s CGT levied on 50 per cent of the gain was deterring sales of his several inner-city properties.
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The large appreciation in their values because of inflation and their location means that selling these properties would generate a tax bill of slightly less than 20 per cent of their current value. Even if the property market weakens as expected, the fall in their values is unlikely to be as large as this.

CGT is payable only when a property is sold and by bequeathing them to resident heirs, the tax liability can be further postponed until their ultimate sale.

While not all investment property owners have been so fortunate in accruing such large gains, even smaller percentage gains can be subject to high tax rates for several reasons. The main one is that the applicable tax rate is calculated at marginal rates that increase as the owner’s other taxable income rises.

Also, unlike shares or other managed products that can be sold in small parcels over a number of tax years, selling a property will result in a bulky gain taxed in the one tax year. This increases the likelihood that the taxpayer’s marginal tax rate applicable to the gain will be high.

Recognising this fact, several overseas governments levy their CGT at a flat rate not dependent on the owner’s other taxable income. Clearly, the higher the CGT liability is, the greater the deterrent to realising the gain, especially when transfer in kind at death can further postpone the liability.

It’s most unlikely that a future government would be prepared to reduce the CGT payable on investment properties and property investors could even face higher tax rates. Therefore, new investors need to pay attention to ownership structures when purchasing properties.

For example, the negative gearing tax benefits increase the attractions of making the purchase in the name of a high marginal rate taxpayer. But this decision is also likely to increase future capital tax bills if, as is usual, the objective is to make a large capital gain. For properties likely to appreciate substantially over a relatively short period, ownership by a low-income taxpayer, discretionary trust or super fund can be a more attractive option.

Ownership structure decisions will be even more important if CGT rates are increased further, especially because capital appreciation is such a large component of the returns available from property ownership.

Daryl Dixon is the executive chairman of Dixon Advisory. [email protected]苏州夜总会招聘.au

[email protected]: ASX set to open higher as Wall St steadies

The information of stocks that lost in prices are displayed on an electronic board inside the n Securities Exchange, operated by ASX Ltd., in Sydney, , on Friday, July 24, 2015. The n dollar slumped last week as a gauge of Chinese manufacturing unexpectedly contracted, aggravating the impact of declines in copper and iron ore prices. Photographer: Brendon Thorne/Bloomberg MARKETS. 7 JUNE 2011. AFR PIC BY PETER BRAIG. STOCK EXCHANGE, SYDNEY, STOCKS. GENERIC PIC. ASX. STOCKMARKET. MARKET.
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Stock information is displayed on an electronic board inside the n Securities Exchange, operated by ASX Ltd., in Sydney, , on Friday, July 24, 2015. The n dollar slumped last week as a gauge of Chinese manufacturing unexpectedly contracted, aggravating the impact of declines in copper and iron ore prices. Photographer: Brendon Thorne/Bloomberg

Risk trends across the global financial spectrum stabilised this past session, but it didn’t pace much in the way of significant recovery. That is somewhat surprising considering the US government seems to have bought reprieve from the next debt crisis bearing down on the country. Yet, despite the encouraging news, US equity indexes showed little progress beyond the initial gap higher won through the Wednesday open. Meanwhile, the onus of North Korea tension and a mixed backdrop of global monetary policy – normalisation that exposes increased risk taking versus a scramble back to the extreme end of the curve to suggest a troubled future – are still rolling around in investors’ minds.

1. Wall Street: Most of the action for US equities was seen on the open – meaning it was more a reflection of the bounce in sentiment registered in European hours rather than significant course correction into the New York hours. Through the end of the session, the S&P 500 closed up 0.4 per cent (2,467), the Dow 0.25 per cent (21,808) and Nasdaq 0.3 per cent (6,393). That was performance generally in line with the outcome for Euro Stoxx 50 Index. For volume, the day’s turnover was still elevated from the previous three week’s average; supporting the seasonal shift that is often attached to the the August to September transition. Furthermore, the VIX remains at 11.7. A higher resting rate for implied volatility likely speaks more to market activity and opportunity for traders than fear and risk to investors. This popular volatility measure is still well below the past three-year average of 15.

2. US debt ceiling relief but North Korea risks linger: The most surprising news through this past US session was President Donald Trump’s unexpected support of the Democratic Party’s proposal to fund the government and increase the country’s debt limit by three months. That effectively disarms the impending threat of a third debt ceiling standoff in the US in six years. Back in 2011 and 2013, the brinkmanship drew the country right to the edge of a financial cliff that threatened to through global markets into a crisis as the world’s preferred ‘risk free’ assets (Treasuries) were cast deep in shadow. The first standoff earned the US a cut to its sovereign credit rating from Standard & Poor’s which maintains a serious blemish to the country’s pristine safe haven status. It was remarkable that there was not more of a rebound in risk assets following this news. Perhaps there are concerns that GOP republicans would not support the initiative or maybe the concern truly rests with the unresolved North Korea escalations. Yet, it is just as likely that we are seeing that complacency – which has been the primary feature of the financial landscape – can curb risk taking as readily as fear at this stage.

3. n dollar: While the Aussie Dollar registered some significant movement against the New Zealand Dollar (gains) and Canadian Dollar (losses), this progress was almost exclusively the reflection of more motivated counterparts. From the most liquid pairings – AUD/USD, EUR/AUD and GBP/AUD – there was virtually no change on the day. The robust 0.8 percent 2Q GDP reading from yesterday’s session that was also slightly cooler than economists’ consensus seemed to hold little lasting influence.

4. ASX: The ASX200 is due a strong open Thursday with the general stability from the previous US shares session carrying over. Wednesday, the best performing sectors were energy and industrial with the worst showing from financials. Looking at the S&P 500’s breakdown, energy offered a significant acceleration of performance with a 1.6 percent climb while financials were green to the tune of 0.2 percent.

5. Surprise bank of Canada hike: The Bank of Canada surprised the market’s Wednesday when Governor Poloz and crew announced another 25 basis point hike to the benchmark rate that brings the Loonie’s yield to a competitive 1.00 percent. This was not completely unexpected as the group moved at its meeting in July and the market afforded a 44 percent probability of a subsequent move according to overnight swaps. That said, the audacious pace compared to a far more constrained Fed and other global peers who are not comfortable with even discussing normalisation makes the Canadian Dollar look even more stately as a carry currency. The response was remarkable with USD/CAD dropping over 2 percent immediately following the news. The currency posted gains against all of its major counterparts, but some of the drive eased back through the remainder of the session. At this point, the Loonie is the only traditional, liquid carry currency that is raising rates and it is now moving at a faster pace than the Fed. The premium this affords the currency is significant, but how much reach this affords depends on how aggressively the market is reaching for yield.

6. ECB moves to deflate expectations: With the Bank of Canada and Reserve Bank of policy decisions setting the extremes for how market moving such events can be (the former extremely, the latter not at all), the European Central Bank seems to be interested in following the RBA’s lead. The Eurozone policy authority once again used its unofficial channels to guide market expectations. Last week, unnamed officials ‘familiar’ with the situation suggested more voting members were concerned with the climb from the Euro. This past session, a similiarly described source let leak to Bloomberg that a plan to reduce its balance sheet would not be reached before October. It is highly unlikely that these are rogue leaks from staff. Rather, this is almost certainly an effort of forward guidance to help shape market reactions without having to put the bank’s credibility on the line if it fails in the endeavor. Watch for the ECB decision later today as this is arguably the developed world’s most dovish effort.

7. Commodities: Softs saw robust performance through this past session with particularly strong showing in sugar and corn. Closer to home wheat and live cattle prices however were more restrained in performance. It is the energy complex that holds he most promise for Thursday’s session. Crude oil prices climbed another 1 percent which has shown some spill over to natural gas and coal. For metals, ore, gold and aluminium had descending performance from 0.6 per cent gain down to a 1.1 per cent loss.

8. Market Watch:

SPI futures up 17 points or 0.3% to 5691

AUD +0.05 per cent to 0.8000 US cents

On Wall St, Dow +0.41 per cent, S&P 500 +0.42 per cent, Nasdaq +0.39 per cent

In New York, BHP +1.11 per cent, Rio +0.68 per cent

In Europe, Stoxx 50 +0.38 per cent, FTSE -0.25 per cent, CAC +0.29 per cent, DAX +0.75 per cent

Spot gold -0.51 per cent at US$1332.81 an ounce

Brent crude +1.31 per cent to US$54.07 a barrel

Iron ore +0.59 per cent to US$86.847 a tonne

Dalian iron ore at 554.0 yuan

LME aluminium (cash) -1.19 per cent to $US2072.25 a tonne

LME copper (cash) -0.25 per cent to US$6869.50 a tonne

10-year bond yield: US 2.11 per cent, Germany 0.35 per cent, 2.60 per cent

This column was produced in commercial partnership between Fairfax Media and IG

Minister Christopher Pyne corrected for his cattle breed mistake

Christopher Pyne posted this image on his Facebook page with the caption: At the Royal Adelaide Show hanging out with the Santa Gertrudis!
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WITH so many new breeds in the beef industry today, sometimes it can be difficult to distinguish them.

But when you’re a minister of the Commonwealth, at the Royal Adelaide Show, you really have to get it right.

For those in the know, telling a Speckle Park and Santa Gertrudis apart is a straight-forward business.

But if you’re not a quick check before a social media post is probably a good idea..

And for that, Minister for Defence Industry, Christopher Pyne, who has come under firefor his breed misidentification.

While visiting the Royal Adelaide Show, Minister Pyne posted a picture on Facebook standing beside a Speckle Park animal only to caption it “hanging out with the Santa Gertrudis”.

Mr Pyne was quickly corrected in the comments by Facebook users who weren’t afraid to add in their own humor to their responses.

Sherilyn Birch said in her comment,“Before Ipass judgement on these santas, Iwould like to acknowledge the idiot presenting himself as a cattlemen in front of Speckle Parkcattle. I have place(d) this individual in last place based completely on his poor stature, feminine head, lack of depth and inability to step out properly. He lacks presence and Iam doubtful of his reliability in seasons to come. Thank you.”

O’Hara Lowlines said, “Perhaps young Christopher Pyne could recommend a NAPLAN test for politicians. On the other hand, this is a specsavers moment if ever I have seen it.”

It is understood Mr Pyne knew he wasn’t standing in front of Santa Gertrudis cattle but had just finished looking at them before posing for a photo.

Mother!, starring Jennifer Lawrence, is genius. Or crap

“Holy. Crap.” That’s the two-word review someone, somewhere, will surely give Darren Aronofsky’s Mother!, which debuted at the Venice Film Festival on Tuesday after months of utter secrecy. This is a film so out there, so bold, so borderline insane that it practically begs the haters to hate.
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From the acclaimed director of Black Swan, Requiem for a Dream and Noah, Mother! is a mad, sprawling, wildly ambitious piece of work that is one long metaphor for ??? well, a whole bunch of things, including creativity, celebrity culture, religious mania, environmental degradation, the rise and fall of civilisation and, of course, motherhood. That the director and the star are romantically involved adds to the complexity, but explains none of it.

Is it holy? In parts, absolutely. Is it crap? I’m not so sure, though plenty of people will say so.

There have been reports already of raves and boos in Venice. That’s par for the course at the big international festivals – if there isn’t at least one film from a big-name auteur dividing audiences like that, it’s considered a dud year.

The first reviews have been similarly mixed. Variety’s Owen Gleiberman called it “a movie that’s about everything and nothing”. The Playlist called it “Aronofsky’s most bombastic, ludicrous and fabulous film”. In Vanity Fair, Guy Lodge said it was a “pained, deranged provocation” that makes “Black Swan look like an episode of Murder, She Wrote” before confessing “the longer I sit with Mother!, the more moved I am by its madness”.

It’s that kind of movie – even those who respond to it will struggle to find words to say exactly why they do so. Unless they hate it, in which case it’s easy. Holy. Crap.

I saw it in Melbourne at roughly the same time it was being unveiled in Venice. I had to sign a form at midday in which I pledged not to write anything about it – not even a tweet – until the embargo was lifted. At 5pm that day.

On the way into the cinema, that struck me as laughably mad. On the way out, it struck me as suitably inspired, a mildly lunatic directive that was of a piece with the movie itself. Logical, in an utterly illogical way. Or vice versa.

The story, if that’s the right word for it, goes something like this. A woman (Jennifer Lawrence, billed only as “mother”) lives in a massive Victorian mansion in the middle of a paddock, surrounded by forest, with her husband (Javier Bardem, billed as “Him”). It was his childhood home, but it burned down; now mother is painstakingly rebuilding it while her poet husband struggles with writer’s block.

One day, a visitor turns up (Ed Harris, “man”). He claims to be a doctor looking for lodgings, but he’s actually a rabid fan. Soon he is joined by his wife (Michelle Pfeiffer, “woman”), and others quickly follow. There is a murder, then a home invasion, and finally a descent into utter bloody chaos.

Through it all, the house seems to be alive. When mother leans against a wall, she can hear its heart beat. When blood is spilt, it seeps into, and from, the very fabric of the building.

Is it a haunted house film? The trailer would lead you to think so, and that would be only a little misleading. There are real echoes of Roman Polanski’s Repulsion, a masterful portrait of mental decay in an apartment that seems to turn on its female inhabitant (Catherine Deneuve). Much of Mother! is shot from mother’s point of view (echoes here of the superb Holocaust film Son of Saul), but it’s hard to escape the sense we’re being dragged inside the mind of a character whose perspective is far from reliable.

But there’s so much else going on here than mere madness. Haunted or otherwise, that house comes to stand as a symbol of civilisation itself, just as mother stands for all mothers, for Mary the blessed mother, for Mother Earth. Giver of life, protector, pawn and victim.

Him is the creator, the needy God craving the adoration of his acolytes, as blind to the needs of his family as he is sensitive to the wants of the world.

It’s a portrait of a marriage in decay, of a loving couple torn apart by new parenthood. It’s a madcap, surreal comedy, in the style of Luis Bunuel, of a bourgeoisie rendered impotent by its own good manners.

There is so much going on in Mother! that it is almost impossible to say what it is about, other than to say that like much of Aronofsky’s work it is about spirituality, human suffering, and a quest for purpose amid the chaos of existence.

It overflows with potential meanings. Hell, that exclamation mark alone will doubtless spawn a multitude of interpretations.

I’m not sure if that makes it a good movie, much less an enjoyable one. But does it make it the most interesting, and probably most divisive, film of the year? Holy crap, yes.

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