But queues started to form Many commuters pressed on on foot … with hundreds of trains sitting in yards all over London TfL laid on extra buses to cope with the onslaught of fed-up Tube commuters Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorUndoZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldUndomoneycougar.comDiana’s Butler Reveals Why Harry Really Married Meghanmoneycougar.comUndoGive It LoveThese Twins Were Named “Most Beautiful In The World,” Wait Until You See Them TodayGive It LoveUndoTotal PastThis Woman’s Obituary Was So Harsh, Her Son Was Left ReelingTotal PastUndoMaternity WeekAfter Céline Dion’s Major Weight Loss, She Confirms What We Suspected All AlongMaternity WeekUndoPost FunDoctor Tells Man He’s Infertile, Then Realizes Why His Three Sons Look So FamiliarPost FunUndoFactableTragic Reason She Was Drugged For ‘Wizard Of Oz’FactableUndo Millions of commuters were stranded as much of the Tube network shut down Emma Haslett Whatever their mode of transport, most commuters shared one experience: they all got wet … as the pavements became increasingly crowded Monday 9 January 2017 2:11 pm Here’s how the morning played out:The morning of 2017’s first Tube strike dawned, grey and drizzly … and worse whatsapp #TubeStrike: Here are 13 pictures of soggy commuters and stationary Tube trains … and ever-patient TfL workers to help passengers on their way London’s Tube network may have ground to a halt during today’s Tube strike, but the capital’s commuters showed their stoical side, with millions heading to work despite the disruption (not to mention this morning’s rain). Transport for London (TfL) insisted this afternoon that 70 per cent of stations were open – but that didn’t stop commuters stuck in queues for hours venting their spleens on Twitter. Good luck on your commute home, London… whatsapp Others took to two wheels Share … and became worse… Meanwhile, Tube trains were laid up More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comWhy people are finding dryer sheets in their mailboxesnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comConnecticut man dies after crashing Harley into live bearnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.com
Through providing reliable access to trustworthy data, education for consumers, and clarity around standards for organisations using digital ID, the government will be able to provide millions of citizens with safe, secure access to digital services. The government has also set out a full “criteria for trust” section which gives me — and UK citizens — reassurance that data security and trust is a top priority for this project. DEBATE: Is criticism of the government plan for digital ID cards justified? Share Number 10 special advisor Dominic Cummings has floated the idea of digital ID cards (AFP via Getty Images) Also Read: DEBATE: Is criticism of the government plan for digital ID cards justified? Number 10 special advisor Dominic Cummings has floated the idea of digital ID cards (AFP via Getty Images) Overall, this is an exciting opportunity and a step forward in improving people’s lives for the digital age. In terms of spending their money wisely, the government should ensure the infrastructure set up to deliver digital ID cards works seamlessly with the private sector, and meets industry standards for security and experience. Main image credit: Getty whatsapp Silkie CarloSilkie Carlo is director of Big Brother Watch, an independent non-profit organisation leading the protection of privacy and civil liberties in the UK. and Gus TomlinsonGus Tomlinson is general manager of identity fraud Europe at GBG, a company specialising in identity data intelligence whatsapp 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. Monday 7 September 2020 5:03 am The death knell of any unpopular policy, Tony Blair even piped up to support it. He quickly brought the idea to its most absurdly authoritarian conclusion: use digital IDs to check vaccinations. This could easily lead to a health apartheid irreconcilable with a democracy. We need to stop viewing digital identities and the data attached as “good” or “bad” — and the proposal for digital ID cards is a step in the right direction. Is criticism of the government plan to spend money on digital ID cards justified? Show Comments ▼ Opinion Silkie Carlo, director of privacy campaign group Big Brother Watch, says YES. The idea of digitally indexing the population, normalising identity checks and centralising sensitive records about each and every one of us — spanning health, work, travel, benefits, biometric data — is one so totalitarian in nature that seeing it lauded for administrative convenience only makes you wonder how far down the road we’ve already gone. Empowering digital identity at a national, government level will strengthen opportunities not just for individual citizens, but for the economy as a whole. Gus Tomlinson, general manager of identity fraud Europe at GBG, says NO. And yet, this is what the Johnson government (or should we call it the Cummings government?) is now doing. It’s sobering that a major policy for state expansion can more easily be traced to Dominic Cummings — an unelected bureaucrat (we all become what we once hated) — than to a Conservative manifesto. When Theresa May scrapped Blairite plans for national ID cards in 2010, she warned that they would “increase state control over law abiding people”. For a man who claims to be able to read public opinion like a Svengali, Cummings has got this drastically wrong. The British public has never accepted national ID cards before — and, I assure you we won’t now.
Economy | Southcentral | Southeast | State GovernmentState eyes Alaska Permanent Fund earnings draw without planJune 21, 2017 by Andrew Kitchenman, KTOO and Alaska Public Media Share:The Alaska Permanent Fund Corp.’s exterior sign. Fund earnings could be spent for state government without a plan. (Photo by Skip Gray/360 North)Lawmakers have proposed drawing money from the Alaska Permanent Fund earnings to pay for state government for the first time. But as the Legislature focuses on preventing a government shutdown, it’s increasingly likely the draw won’t be based on any one plan. And that’s raising concerns with lawmakers, the fund’s leader and a bond-rating firm.Ever since a few years after the Permanent Fund was approved by voters in 1976, its earnings have been used for two purposes: to grow the fund, and for Permanent Fund dividends. But with the state bringing roughly 40 cents in taxes, fees and oil royalties for every dollar it spends, both the House and Senate have passed bills to draw from earnings to cover the gap.But they haven’t agreed on a plan on how much to draw. And without a plan, they’ve proposed two very different amounts.The House passed a budget last Thursday that would draw nearly $5 billion from fund earnings – 40 percent of the current $12.5 billion earnings account. The Senate would draw half that amount.Eagle River Republican Sen. Anna MacKinnon said the House draw is too large, adding that it would “devastate revenue coming into our state, as well as the security of Alaska’s dividends.”There are two big reasons why the House draw is larger. One is that the House included $800 million more for PFDs after it voted to restore full dividend checks last week. House members said the state should only cut PFDs from more than $2,000 to roughly half that amount under one condition: There are other new sources of money for the state, such as higher taxes on the oil and gas industry, or a broad-based tax.Anchorage Republican Gabrielle LeDoux of the House majority explained her side’s position.“One thing that we all were in agreement on was that a comprehensive fiscal plan should not be composed of simply reducing the Permanent Fund dividend,” she said. “It had to be comprehensive. That means everybody needed to be at the table, including the oil companies.”So that’s one reason why they differ. The other difference is that the House included $1.7 billion for an account appropriated for future school budgets. The Legislature used to do this, before the budget gap grew in the past few years. The Senate didn’t include any draw for this future funding.Alaska Permanent Fund Corp. chief executive officer Angela Rodell expressed concern earlier this month about a large draw from earnings without the Legislature passing a plan to use it.“Part of my concern will be, if that doesn’t pass, … the unknown quality of how much money they’re going to use,” she said. “Because under the current construct, they’re allowed to take and to appropriate as much as they need out of the earnings reserve account.”Rodell noted that the Legislature has handled Permanent Fund earnings based on rules set by state law. At least that’s been true up until now.“I’m hopeful that we’ll be able to get back to a more of a rules-based strategy, like we’ve had in the past, going forward,” she said.When Gov. Bill Walker included only the operating budget on his call for the second special session last week, he focused the Legislature’s attention on preventing a shutdown. But without the bills that would set up a plan for future Permanent Fund earnings draws, the Legislature may now spend earnings without a plan.That has bond ratings firm Standard & Poor’s concerned. S&P issued a negative watch on Tuesday, saying that it would likely downgrade the state’s debt if the Legislature doesn’t pass a plan to balance the state’s future budgets. This downgrade could make it more expensive for the state to borrow in the future.Walker has said he’ll add more topics for the Legislature to consider, such as a plan for Permanent Fund earnings, after lawmakers agree on a budget. The state government will shut down on July 1 if there’s no budget by then.Share this story:
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AdvertisementThe 86-year-old started to drive across the intersection into the second car’s way, when the 20-year-old hit the golf cart, according to FHP.The 86-year-old was pronounced dead at the scene, while the driver of the car was taken to Lee Memorial Hospital with minor injuries. A dog was also hurt in the crash, North Fort Myers Fire officials said. Southbound lanes of US-41 were blocked in the area and traffic was being diverted as officials investigated. RELATEDTOPICS AdvertisementTags: Lee CountyNorth Fort Myers Balloons from your outdoor celebration could be dangerous to wildlife June 16, 2021 AdvertisementDC Young Fly knocks out heckler (video) – Rolling OutRead more6 comments’Mortal Kombat’ Exceeded Expectations Says WarnerMedia ExecutiveRead more2 commentsDo You Remember Bob’s Big Boy?Read more1 commentsKISS Front Man Paul Stanley Reveals This Is The End Of KISS As A Touring Band, For RealRead more1 comments Lee County Commission could allocate over $3 million to fight homelessness June 16, 2021 Advertisement All-electronic tolls to stay on certain Lee County bridges June 17, 2021 Crime stoppers looking for two thieves accused of stealing lumber & power tools June 17, 2021 NORTH FORT MYERS, Fla. – One person was killed and another was hurt after a crash on US-41 in North Fort Myers. According to the Lee County Sheriff’s Office, the crash happened near the intersection of N Cleveland Avenue and Leesure Lane Monday afternoon. An 86-year-old woman driving a golf cart died after the crash, a Florida Highway Patrol report stated. Troopers said she was driving east on Leesure Lane at the intersection of US-41 around 3:46 p.m., while a 20-year-old woman was driving south on US-41. AdvertisementRecommended ArticlesBrie Larson Reportedly Replacing Robert Downey Jr. As The Face Of The MCURead more81 commentsGal Gadot Reportedly Being Recast As Wonder Woman For The FlashRead more29 comments Advertisement
Keywords Fund managers, Resources stocksCompanies Manulife Asset Management NEO, Invesco launch four index PTFs Sonita Horvitch Change to Counsel Global Small Cap Fund Franklin Templeton renames funds with new managers Related news Share this article and your comments with peers on social media Investors have been emphasizing companies that generate strong cash flow and pay high dividends, says Arbuthnot, who is based in Boston. “At some point, market sentiment will change, as the defensive pendulum has swung too far.” Arbuthnot considers that quality junior natural-resource companies “are now substantially undervalued by our analysis, even based on the most conservative assumptions about production prospects and commodity prices.” A key question, says Arbuthnot, is how close the juniors are to commercializing their resources? There are “two main milestones” — permits and financing. “Many of the long-standing small-cap resource holdings in my global portfolio are in the final stages of obtaining the necessary approvals and permits.” News about this progress should, he says, be a catalyst for boosting valuations. Arbuthnot is the lead portfolio manager for the global opportunities strategy and a co-manager for the emerging-markets strategy at the U.S. division of Manulife Asset Management. His mandates include Manulife Global Opportunities Balanced Fund and Manulife Global Opportunities Class Fund. Arbuthnot’s approach to stock selection is two-pronged. He adopts a value style in developed markets and more of a growth at a reasonable price (GARP) style in emerging markets. Manulife Global Opportunities has 66 holdings, with the top 10 names accounting for 33% of the fund’s assets under management (AUM). The biggest geographic weightings include its 31% in U.S.-based companies and 15.4% in Canada, mainly natural-resource companies. Europe constitutes 20%, with France 6.2% and Italy 5.5%, as the largest individual country weightings. Arbuthnot’s European focus is on well placed media companies. “They are reducing their costs, given the weak economy and the dramatic fall-off in advertising and should do well as Europe recovers.” An example is France’s Societé Télévision Française 1, a top-10 holding. Emerging markets represent 27% of the AUM of Manulife Global Opportunities Fund . The biggest weightings are India at 8.2% and Brazil at 6.2%. Arbuthnot continues to champion India. “The government is introducing far-reaching reforms to attract more foreign investment. As well, the productivity of its work force is increasing.” By contrast, he has been selling down his holdings in Brazil. “I am cautious, given the structural challenges facing the country and the question mark over its productivity.” A long-standing Brazilian holding that remains in Arbuthnot’s top 10 holdings is OGX Petróleo e Gás Participações SA. “The market has excessively punished this stock for a short-term problem,” he says. This major offshore oil and gas producer missed its 2012 production targets for its first two wells, Arbuthnot adds. This fall, OGX will be receiving two tailor-made floating production, storage and offloading vessels to facilitate its offshore operations, Arbuthnot says. “This should ramp up its production fairly quickly.” Another significant and long-standing energy holding that Arbuthnot says has been unfairly treated by the market is Ivanhoe Energy Inc. (TSX:IE) The company has two heavy-oil projects, one in Alberta and the other in Ecuador. “Ivanhoe is close to receiving regulatory approval from the Alberta government for its Tamarack project.” The review process for Tamarack began in the fourth quarter of 2010, so this is an important step forward, says Arbuthnot. “This approval will allow Ivanhoe to bring in a joint-venture partner and begin construction.” Ivanhoe, he says, will be installing its proprietary Heavy-to-Light (HTL) oil technology as part of the Tamarack project to improve the project’s economics by avoiding the heavy-oil discount. Ivanhoe is looking to “commercialize” this HTL technology and will be moving forward on its project in Ecuador by mid-year. “In all, the company has a solid balance sheet and is about to cross the finish line.” This, he adds, should help with market recognition of its value. In the energy sector, Arbuthnot sold two stocks, “which had done well.” They are Canada’s Progress Energy Resources Corp., which was taken out by Malaysian national oil company PETRONAS, and Denbury Resources Inc. (NYSE:DNR) “The risk-reward on Denbury was no longer that attractive, when compared to other companies in our portfolio and potential investments.” In the materials sector, Arbuthnot points to his holding in Canadian potash-project developer Karnalyte Resources Inc. (TSX:KRN) (as yet another example of a junior natural-resources company that is “close to the finish line.” The company has received the nod for its project from the Saskatchewan government. It has also obtained a $45-million investment plus a 20-year purchasing agreement from an Indian fertilizer company. In India, Arbuthnot’s focus is on financial and consumer companies. A “leading diversified banking and financial-services group” in the portfolio is ICICI Bank Ltd., which trades on New York Stock Exchange (NYSE:IBN). “This stock is performing well.” A consumer-products stock in the fund that is a dominant brand in India and that exemplifies his consumer holdings is Colgate-Palmolive (India) Ltd. This company, listed in India, is part of the U.S.-based multinational, Colgate-Palmolive Co. “Colgate-Palmolive (India) is a direct play on the increasing affluence of the emerging-market consumer,” says Arbuthnot. An “indirect play” in the portfolio is the Anglo-Dutch consumer staples giant Unilever PLC. This global company, he says, has an exceptionally high exposure to emerging markets. The parent’s stock “trades at a discount” to the company’s listed affiliate in Indonesia, PT Unilever Indonesia, and to its listed Indian subsidiary, Hindustan Unilever Ltd., “which trade at higher multiples.” A recent addition to the portfolio as a play on the health-conscious U.S. and Canadian consumer is Annie’s Inc. (NYSE:BNNY) This is a natural and organic food company with products ranging from packaged macaroni and cheese to frozen pizzas. Arbuthnot bought the stock on a pullback after Annie’s initiated a voluntary recall of its organic pizzas, earlier this year in the U.S. There is, says Arbuthnot, a rising demand for natural and organic foods on both sides of the border; “an important development is that regular supermarkets are incorporating more of these products into their offerings.” Chris Arbuthnot, senior managing director at Manulife Asset Management (US) LLC, is optimistic about the prospects for select junior energy and materials companies, even though the equity market has shunned these stocks over the past two years. A global manager with no sector or market-capitalization constraints, Arbuthnot says that in the energy and materials sectors his focus has been on advanced “project” or junior companies. These do not, as yet, have any production or generate cash flow, but have good assets and good growth prospects, he says. He acknowledges that these companies do carry a higher risk. Facebook LinkedIn Twitter
Ontario unlikely to balance budget by 2030: FAO Related news Katarzyna Białasiewicz/123RF Facebook LinkedIn Twitter James Langton Household debt-to-income ratio fell in first quarter: Statscan Consumer debt driven by new mortgages, but credit card debt at six-year low Share this article and your comments with peers on social media Keywords Pandemics, Coronavirus, DebtCompanies Bank for International Settlements “Consumption typically accounts for about 60% of GDP and banks’ claims on the household sector (mostly in the form of mortgages) represent 20–40% of their asset portfolio,” the paper said.Against that backdrop, the pandemic-driven lockdowns “amount to a very large negative shock, forcing households around the world to grapple with reduced hours, furloughs and outright unemployment.”“The depth of the recession, its duration and the pace of recovery hinge on how well households can weather this shock,” the paper said.A significant share of households in countries with high debt loads, such as Canada, aren’t in any position to endure a long period of income disruption, the BIS found.“In Australia, Canada, Finland, Germany, Italy, the United Kingdom and the United States, households in the bottom 20% of the wealth distribution could not cover more than three months of lost income by drawing down savings,” the paper noted.In other words, these households couldn’t manage “subsistence consumption” — defined as staying above the poverty line (half the median income) — for even three months.Conversely, in Japan, poor households could cover almost 20 months of lost income.France and Korea are the only other countries where poor households could last over 12 months.By contrast, the paper noted, households in the top 20% of the wealth distribution have savings that dwarf subsistence consumption levels.In Canada, the top 20% should be able to last about 40 years on their savings. Whereas the top 20% in the U.S. have well over 100 years’ worth of savings.These assessments of household resilience are impacted by debt repayment costs, the paper also found.“The adequacy of household liquidity buffers drops once debt service costs are factored in together with consumption,” the paper noted.“The decline in the adequacy of buffers is especially severe for households in the middle 20% of the net wealth distribution,” it said, adding that the resilience of these households is particularly important to financial stability, as they hold more mortgage debt than poor households.Once debt service costs are factored in, “households in Canada, France and Spain lose almost a year of coverage and households in the United States and Australia drop to below one year of coverage,” the paper said.Indeed, for Canada, the paper indicates that the middle 20% of households have almost three years of subsistence level savings on hand, but that this drops to under two years when their debt service obligations are included. Recovering from the economic impacts of the Covid-19 outbreak at least partly depends on the resilience of household finances, says a new paper from the Bank for International Settlements (BIS). For Canada, that picture isn’t encouraging.The paper argues that the financial resilience of households is important for both macroeconomic and financial stability.
Jamaica Hosts CARICOM’s Foreign and Community Relations Meeting Foreign AffairsMay 7, 2009 RelatedJamaica Hosts CARICOM’s Foreign and Community Relations Meeting Advertisements RelatedJamaica Hosts CARICOM’s Foreign and Community Relations Meeting RelatedJamaica Hosts CARICOM’s Foreign and Community Relations Meeting FacebookTwitterWhatsAppEmail Jamaica will be hosting the 12th Meeting of CARICOM’s Council for Foreign and Community Relations (COFCOR) on Friday and Saturday (8th to 9th May, 2009) at the Jamaica Hilton Hotel. Jamaica takes over the chair from Antigua and Barbuda.Deputy Prime Minister and Minister of Foreign Affairs and Foreign Trade, Hon. Dr. Kenneth Baugh, who will preside at the meeting, underscored its importance: “This is an extremely important and timely meeting. We are expecting productive deliberations especially at this period of pressing challenges for our region, heightened by the global economic recession.”“The Foreign Ministers will continue to assess and determine the best strategies to facilitate the advancement of the region’s welfare,” he said.Recommendations from the meeting will be submitted for consideration to the Conference of CARICOM Heads of Government in Guyana, July 1st to 4th, 2009.Prime Minister the Hon. Bruce Golding will deliver the keynote address at the opening ceremony on Friday morning. Other speakers will be: Prime Minister and Minister of Foreign Affairs of Antigua and Barbuda outgoing Chairman, Hon. Baldwin Spencer, Dr. Baugh and Secretary-General of CARICOM, H.E. Dr. Edwin Carrington.There will also be a press conference on Saturday afternoon.Likely key issues on the agenda will include: The Global Economic Crisis, Advancing Regional Integration and Development: A Response to Global Challenges, Relations with Third countries including Canada, USA and the Dominican Republic, issues before the UN and the OAS; and Border disputes, Venezuela/Guyana, Belize/Guatemala.
Australian Swimming Trials make a splash in Adelaide South Australian Tourism CommissionA long-awaited moment for the nation’s elite swimmers, the 2021 Australian Swimming Trials kicks off in Adelaide at the SA Aquatic & Leisure Centre from tomorrow, 12 June.As the pinnacle domestic event for swimming in Australia, athletes will vie for the chance to represent the country and pull on the green and gold at the Games in Tokyo later this year.It is the third time the Olympic/Paralympic qualification event has been staged in Adelaide, and one South Australian Tourism Commission chief executive Rodney Harrex said the agency is proud to support.“We’re delighted to see this event in Adelaide at our incredible SA Aquatic & Leisure Centre and cheer on our elite swimmers in their final hit out before the Olympics and Paralympics,” said Mr Harrex.“While we have a soft spot for our South Australian swimmers – Kyle Chalmers and Maddie Wilson, Jesse Aungles and Travis Mahoney among others – and hope to see SA represented at the Games, I wish all those competing the very best.“South Australia has in recent weeks also hosted the Olympic trials for our rowing and paddling teams – and now we welcome 600 swimmers and their families, coaches and supporters. With this event watched from some 240 odd countries, this is a fantastic coup for not only for these athletes but for SA.”The Australian Swimming Trials is an unmissable event for all fans of sport, with six nights of scintillating racing. Thanks to Swimming Australia’s broadcast partner, all 67 events will be streamed live and exclusively on Amazon Prime Video globally, at no additional costs to members.Coming off strong performances at the recent Australian Championships in April, Rio silver medallist, Mitch Larkin (St Peters Western), Commonwealth record holder Kaylee McKeown and 2016 Olympic gold medallist, Emma McKeon (Griffith University), will feature in the program, as well as hometown hero and defending 100m freestyle champ, Kyle Chalmers (Marion).National Head Coach of the Olympic program, Rohan Taylor, said he can’t wait to see what the athletes will produce when they take to the blocks this weekend.“I honestly can’t wait for the racing to start in Adelaide on Saturday, it’s been a long time coming and the athletes are raring to go,” Taylor said.“The past 12 months and the lead up to the Australian Swimming Trials has no doubt been a challenging time for our swimmers and coaches, but I’m proud of the way they have learnt to adapt and gain yet another level of resilience, which will ultimately help them in these moments”The team announcements will take place in the evening following the racing on Wednesday 16 and Thursday 17 June, with the para athletes unveiled first.The 2021 Australian Swimming Trials begin on Saturday 12 June with heats commencing from 10:00am (ACST) and finals starting at 7:00pm (ACST).The 2021 Australian Swimming Trials is proudly supported by the SA Government through the South Australian Tourism Commission’s Events South Australia.More details: swimming.org.auAussies Lakeisha Patterson and Mack Horton /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:Adelaide, Amazon, athletes, Australia, Australian, Commission, commonwealth, Government, Olympics, Racing, resilience, SA, SA Government, South Australia, Tokyo, tourism
COMMENTSSHARE YOUR THOUGHTS While over 30 million copies of The Great Gatsby have been sold, less than 30 of these cars were built, and this one is a one-of-one special.“They could not have selected a better car for the movie,” says Harry Clark, Classic Promenade’s owner and a concours master judge. “It completely represents the slightly avant garde, almost ostentatious nature of Gatsby. It has elegance, it’s sporty. Of the 28 Ascots (built), there was only one with this unique (dual-cowl) body style. This one.”RELATEDHere’s how much these 5 original movie cars auctioned forBuy It! One of the three original KITT Firebirds is up for auctionWhile the body is original, it started life riding on a different chassis, S240RM, and was swapped onto chassis S304KP some time around 1945.The last time this magnificent car sold was over 10 years ago, at Bonham’s 2009 Greenwich auction, where it traded hands for $238,000. The vehicle remarkably shows only 73,848 miles, and was given an eight-year concours restoration that finished in 2019. According to Promenade, the restoration alone cost “in excess of $1 million.” See More Videos Trending in Canada PlayThe Rolls-Royce Boat Tail may be the most expensive new car everPlay3 common new car problems (and how to prevent them) | Maintenance Advice | Driving.caPlayFinal 5 Minivan Contenders | Driving.caPlay2021 Volvo XC90 Recharge | Ministry of Interior Affairs | Driving.caPlayThe 2022 Ford F-150 Lightning is a new take on Canada’s fave truck | Driving.caPlayBuying a used Toyota Tundra? Check these 5 things first | Used Truck Advice | Driving.caPlayCanada’s most efficient trucks in 2021 | Driving.caPlay3 ways to make night driving safer and more comfortable | Advice | Driving.caPlayDriving into the Future: Sustainability and Innovation in tomorrow’s cars | Driving.ca virtual panelPlayThese spy shots get us an early glimpse of some future models | Driving.ca RELATED TAGSRolls-RoyceNews First Look: 2022 Lexus NX The sport-cute’s looks have been softened, but its powertrains and infotainment offerings have been sharpened Trending Videos The auction begins October 12, and the car’s price is now expected to crest seven figures. We encourage all readers to share their views on our articles using Facebook commenting Visit our FAQ page for more information. ‹ Previous Next › The Rolls-Royce Boat Tail may be the most expensive new car ever advertisement F. Scott Fitzgerald’s The Great Gatsby, if you’ve never read it, sets the Roaring Twenties as a backdrop for an intense love story that ultimately comes undone, and in the process showcases the boundaries imposed by an excess of wealth.Francis Ford Coppola’s 1974 film adaptation of the book starred Robert Redford as Jay Gatsby, but more importantly, it featured an incredible vehicle as the millionaire’s daily driver — a 1928 Rolls-Royce 40/50 HP Phantom I Ascot Dual Cowl Sport Phaeton.That vehicle is now coming up for auction online, in a sale hosted by Phoenix-based Classic Promenade Collectible Motorcars.