Shaun Oliver died a hero, trying to save a stranger’s children from drowning at Wollongong’s City Beach

Wollongong drowning: Shaun died a hero, trying to save a stranger’s child HERO: Shaun Oliver. Picture: Facebook
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Picture: Robert Peet

TweetFacebookWollongong drowning: Shaun died a hero, trying to save a stranger’s childhttps://nnimgt-a.akamaihd苏州夜场招聘/transform/v1/crop/frm/bEHa392pg8uWfDH5RxA6T9/d172152c-c830-4d68-bfca-f1b6bbb7f2b4.jpg/r2_85_958_625_w1200_h678_fmax.jpgA father-of-three who drowned at a Wollongong beach on Sunday has been hailed a, drowned, died, oliver, four kids2017-09-12T05:30:00+10:00https://players.brightcove苏州夜场招聘/3879528182001/default_default/index.html?videoId=5571631676001https://players.brightcove苏州夜场招聘/3879528182001/default_default/index.html?videoId=5571631676001An off-duty paramedicleft his wife and his own young child on the sand in order to bring the 10-year-old boy ashore, saidDetective Inspector Brad Ainsworth, of Wollongong Local Area Command.

Mr Oliver got into trouble as he attempted to rescue the 12-year-old boy.

Surfers ultimately came to the boy’s aid. Meantime, Mr Oliver was swept out to sea.

Three police officers later stripped off their uniforms and pulled him to shore, where paramedics tried in vain to revive him.

Paramedics transported one patient, believed to be in a serious condition, to Wollongong hospital by road ambulance.

He was later pronounced dead at Wollongong Hospital.

“It’s a heroic act,” Det Insp Ainsworth said. “It’s unfortunately cost him his life.”

The stricken children and their father were visiting the unpatrolled beach from their home south of Wollongong.

Read more:Most people can’t spot a rip. Can you?

Addressing reporters on Monday morning, Det Insp Ainsworth expressed frustration at the loss of life. He described surf conditions at the time as“treacherous” and confirmed the beach was closed when the family entered the water.

“There was a heavy surf, there was a drag, there was an undercurrent -there were all the conditions there that you don’t go in,” he said.

“It’s a tragic loss of life and, not putting too much of a point on it … it really puts individuals that come to the aid of people there in danger, and it’s the ultimate sacrifice, I suppose.”

“We haven’t even reached the swimming season yet. Unfortunately it’s a timely reminder and warning that you swim between the flags, at patrolled beaches only.”

[email protected] Illawarra duty officer Daren Weidner speaks following this afternoon’s rescue at Wollongong City beach https://t苏州夜场招聘/q4Na0Y9qOApic.twitter苏州夜总会招聘/FMUksh2oz2

— Andrew Pearson (@andrewrpearson) September 10, 2017

Mr Oliver leaves behind a wife and three young children.

He was employed as project manager at a company in Lynbrook, in south-east Melbourne, and was a shopfitter by trade.

​In a Facebook comment, his sister Clare Murray wrote “we are all shattered”.

“My brother… the ultimate hero. We cannot believe this has happened… a loss that will be felt by many,” she wrote.

Mr Oliver’s brother Nathanael has launched a Gofundme campaignaimed at supporting the 32-year-old’s grieving family.

”He was faced with the terrible decision when he heard the cries for help and, without a thought for his own safety, launched himself into the water,” Nathanael Oliver wrote.

His aunt and uncle, Gary and Karen Oliver, said they were“so very proud, and so very sad” at their nephew’s actions.

He attended Chandler High School in Keysborough, graduating in 2002.

School friend Joel Tranquille said: “Hewas a great friend to everyone, you wouldn’t be able to find a single person that would tell you otherwise.”

“It’s never easy when you hear about a friend passing when he is still so young, especially a great bloke like Shaun,” Mr Tranquille said.

Another high school friend, Lisa Pountney, saidMr Oliver “would talk to everyone even socially awkward people”.

“(He)would make you laugh or smile if you were sad, he would always put others before himself, he was a bright and loveable guy,” she said.

His former sporting club, Keysborough Football Netball Club,tweeted: “Devastating news that our former junior and senior player Shaun Oliver drowned trying to save two young children in Woolongong (sic)”.

The emergency unfolded about 4.30pm on Sunday, almost two weeks before patrols at the beach will get underway as part of the 2017/2018 patrol season.

The off-duty paramedic and two children were transported to Wollongong Hospital for assessment, but did no require admission.

Lachlan Pritchard, Surf Life Saving state duty officer, said authorities had issued a hazardous surf warning on Friday, and that conditions had eased by Sunday but were still considered dangerous.

“It can be quite deceiving, the surf conditions,” he said.

“While the waves might not look too big, the undercurrent …is quite strong and that’s what does cause most of the issues. The conditions can sweep you right out.

“If you do get stuck in a rip, we encourage you to raise your hand to signal for help and ride the rip out to the back where there is calmer water and hopefully wait for emergency services to arrive.”

Surf lifesavers are urging swimmers to heed the “no flags, no swim” message, as summer approaches.

Illawarra Mercury with The Age

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Best in the nation: Sydney Uni comes in fourth in world rankings

The University of Sydney has been ranked fourth in the world for graduate employability, coming in ahead of leading institutions such as the Massachusetts Institute of Technology, Cambridge University and the University of Oxford for its effectiveness in “preparing students for the workplace”.
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The University of Melbourne is closely behind with a rank of seven in the latest QS Graduate Employability Rankings, followed by the University of NSW at 36, the University of Queensland at 49 and the University of Technology Sydney at 69.

A total of eight n universities have been listed in the top 100 in the ranking, which was launched in 2015 to look beyond traditional measures such as research strength and academic reputation. Instead, it focuses on students’ chances of finding jobs soon after graduation, institutions’ reputation among global companies and connections with employers, and the achievements of alumni.

It currently ranks the top 500 universities in the world.

Overall, Stanford University was ranked first for graduate employability, followed by the University of California, Los Angeles, Harvard University, the University of Sydney, the Massachusetts Institute of Technology, the University of Cambridge, the University of Melbourne and the University of Oxford.

Martin Juno, lead analyst in the QS intelligence unit, said that Sydney University was the only institution “to achieve at least a top 40 rank in all five metrics considered”.

It was ranked eighth in the world for employer-student connections, 14th for its partnerships with employers and in the top 20 for its graduate employment rate.

“All this makes [Sydney University] one of the most reputed institutions among employers in the world … [it] is clearly [doing] an excellent job in terms of employability, with their employer engagement strategy being top of the class,” Mr Juno said.

He said it was the most successful university in “at producing graduates with highly successful career paths”.

Mr Juno also highlighted the University of Melbourne and UNSW as the two most reputed n institutions among employers.

“Leading institutions present a remarkable aptitude and willingness to successfully engage with a wide range of employers, providing students and [graduates] with an extensive network and, thus, work-placement opportunities,” Mr Juno said.

“This enhanced collaboration with companies and organisations, both domestically and internationally, is usually translated into a higher employer reputation, more successful alumni and a higher employment rate after graduation.”

A number of n universities have performed far better in the graduate employability ranking than the overall QS World University Rankings, which were released in June. The University of Sydney was ranked at 50 in the overall ranking while the University of Melbourne came in at 41.

Mr Juno said that this was mainly due to weaknesses in measures that are excluded from the graduate employability rankings, including research strength and student-to-faculty ratio.

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Town ‘going nuts’, so locals are escaping to these tiny places

An attention grabbing budget priced property at Newstead sold easily as it was priced at $235,000 and was on 970sq metres and close to the local school. This church conversion at Fryerstown fetched $675,000 when it sold recently.
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In Harcourt, an elegant four bedroom home on an acre is looking for $598,000.

Originally a Victorian home built at Maryborough, the lovely, four bedroom Rosehill farm has been moved several times before landing in Maldon. It’s on the market for $675,000-$695,000

Just as the domino effect of property jostling happens in the capital cities, so it can play out similarly in some of the top sea and tree change townships.

Castlemaine – the artsy hub of the Goldfields region that has been known as “Northcote North” since being colonised by early tree changers and first-home buyers who realised they had to get out of Melbourne to get into the market – continues to maintain such allure that “it’s going nuts!” according to agent Tom Robertson.

The Waller Realty agent says “the amount of enquiry is phenomenal. We’re flat out sales-wise, too. There are no quiet seasons here anymore”.

Fellow agent Brett Waller, of Castlemaine Property Group, laments that “for this time in spring, the amount of stock is well down”.

Most inquirers are coming from Melbourne. “But we’ve also got people moving up from Woodend now because they no longer feel like they’re in the country until they get past Malmsbury.”

With the continuous waves of incoming newbies, even on a cold day, Castlemaine township is rocking.

Photographer Michael Rayner, who moved up last year because in search of affordable property and “a powerful sense of community” embedded within a scene he could relate to, has counted 14 cafes in the commercial hub.


Related: Why Melburnians flock to KynetonRelated: Stawell, a town that won’t quitRelated: What’s the future for Wallan?

“It’s funkster junction,” confirms Robertson.

Yet, in a town where any cute period property in need of renovation is now hard to find, and when they are fixed up can sell for $600,000 to $700,000 – “with quite a few selling for $1 million” – the domino effect is in operation.

The response of some long-term residents who liked it sleepier, has been to move out of the big smoke they believe Castlemaine has become and on to the smaller, cheaper, satellite villages of the district. Here, they can buy a nice house for about $400,000 and either pocket the change or put it into their super.

“They’re escaping,” says Robertson. “Escaping the Melbourne-type prices and moving one town further out.”

This “Castlemaine effect” is bringing into focus the old gold rush towns of Maldon, Harcourt, Fryerstown and Guildford.

History-redolent Maldon, with its film-set red bricks, rusting galvanised iron and streetscapes of arching verandahs is, Waller says, 20 minutes from the transport links of Castlemaine.

“People now settling in Maldon are prepared to travel to Castlemaine to commute to Melbourne (90 minutes by train to Southern Cross Station),” he says.

If their children don’t attend schools in Maldon or Castlemaine, including a Steiner School option, the kids also become commuters, travelling on to reputable colleges in Kyneton, Bendigo or Maryborough.

On granite country and famous for its wines and apples, Harcourt hasn’t much of a commercial centre. But in all the residential breathing space, there are some tidy and affordable homes.

One that is more upmarket than most is a four-bedroom home in Reservoir Road that, on an acre, is looking for $598,000 through Wallers.

“Harcourt is popular because it’s handy to Melbourne, interesting to young families,” says Robertson, “and there’s quite a bit of subdivision talk going on.”

In pretty and scantily populated Fryerstown, 10 kilometres south-west of Castlemaine, Robertson has just sold another top priced “but beautiful church conversion for $675,000”.

At the other end of the price scale and consequently contested by a crowd of interested buyers is an interesting new house built using old materials that Brett Waller has also just sold for $235,000. (Yes, you read that right!) Sited at Newstead, a town midway between Castlemaine and Daylesford.

Also on the way to Daylesford is picturesque, if low-key, Guildford (population 333) where, among a handful of properties on the market, are an almost million dollar, four-bedroom brick house on 20 acres, and a converted train “with a pool and three bedrooms”, adds Robertson.

Speaking of trains, Brett Waller reckons that because Castlemaine and its satellite settlements are now considered viable for daily city commutes, the velocity of the region’s future development will hinge “on what happens next in public transport”.

That, and the domino effect of property jostling.

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Rezone plan for rail corridor open for comment

A rezoning proposal for Newcastle’s former rail corridor which, if approved, will see a mix of public recreation, tourism, residential and commercial buildings developed along the 2km stretch of the old heavy rail line.
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The proposal covers the corridorbetween Worth Place and Watt Street.

The public can view and comment on land-use zones proposed by council in the corridor, which is in response to the 2016 rezoning request by theHunter Development Corporation (HDC).

“The public exhibition period is an important part of ensuring a balance of open space, tourism facilities, and residential and commercial development along the corridor,” Newcastle City Council interim CEO Jeremy Bath said.

“I invite members of the public to have their say by submitting a formal submission through our engagement site, via email or post, or even register to address Council at a public voice session later in the year.

A range of documents will be available for review including a development control plan and draft planning agreement, which complement the planning proposal.

The development control plan details requirements for building design and public domain areas, while the planning agreement contains HDC’s contributions to help create parks, affordable housing, transport and other infrastructure.

The documents can be read online, at the King St city administration centre or Newcastle Library.

Community drop-in sessions will be held on Monday 18 September from 6pm to 8pm and the following day from 10am to noon at City Hall.

Council officers will incorporate feedback from the public exhibition period into another report to Council before the end of 2017.

It will address the issues raised and whether amendments should be made.

If approved by council, a request will be made to the Department of Planning to finalise the planning proposal to amend the Local Environment Plan by which Council determines future development applications.


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Angelina Jolie brings grown-up brood to premiere

“Hey, uh, I know this is the Toronto International Film Festival and the guest list is tight and everything, but… could I have a ‘plus six’?”
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Angelina Jolie has attended the premiere of her new film joined by all six of her children.

The actor, who separated from husband Brad Pitt in September 2016, turned up to the premiere of First They Killed My Father at the Toronto International Film Festival with her sizeable brood in tow.

Joined by Maddox, 16, and Pax, 13, Zahara, 12, Shiloh, 11, and twins Knox and Vivienne, both nine, Jolie swept her children up the red carpet posing for photos on Monday.

Maddox was arguably attending the event in a professional capacity: the teenager is as a producer on the film, which is based on the 2000 book of the same name, written by Cambodian author and human rights activist Loung Ung, based on her experience of life under the rise of the Khmer Rouge regime.

Born in the south-east Asian nation, Maddox was adopted as a baby by Jolie in 2002.

Although the Jolie-Pitt crew have often joined their parents at red carpet events, it has historically been quite rare for this many of the children to be in the one (public) place at the one time. However, family red carpet time is something Jolie has recently favoured: all six of the children attended the First They Killed My Father world premiere in Cambodia in February.

The sextet also tagged along for the film’s US premiere in Colorado earlier this month.

On Sunday, the four youngest children accompanied their mother to the premiere of her film, The Breadwinner.

After a period of silence, Jolie has started to speak publicly about her separation from Pitt, telling Vanity Fair in July that her children have been “very brave”.

“We’re all just healing from the events that led to the filing … They’re not healing from divorce. They’re healing from some… from life, from things in life.”

Shortly after the couple’s divorce, Pitt was investigated and cleared of possible child abuse after allegedly losing his temper in front of some of the couple’s children during a flight.

Speaking to the UK Telegraph earlier this month, Jolie said being single was “not something [she] wanted”.

“There’s nothing nice about it, it’s just hard,” she said.

“Sometimes maybe it appears I am pulling it all together, but really I am just trying to get through my days.”

She added that she was trying to protect her children from any stress she was experiencing.

“I feel sometimes that my body has taken a hit, but I try to laugh as much as possible,” she said. “We tend to get so stressed that our children feel our stress when they need to feel our joy.”

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Newcastle rail corridor development control plan on exhibition

PLANS to rezone the former heavy rail line’s path are open for public comment.
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Newcastle City Council is exhibiting the plan, which outlines a mix of uses including public recreation, residential and commercial precincts along the two-kilometre stretch between Worth Place and Watt Street.

“The public exhibition period is an important part of ensuring a balance of open space, tourism facilities, and residential and commercial development along the corridor,” Newcastle City Council interim chief executive Jeremy Bath said.

“This is a one-off chance to get the next exciting stage of the city’s development right after a record $1 billion worth of building approvals over the past 12 months.”

The Newcastle Herald reported in May that the the plan would, if approved, create several new precincts where the trains once ran.Darby Street would poolinto a plaza opposite where it strikes Hunter Streetto create a link through to Argyle Street.

Nearby, sitting at the top of Crown Street, a small scattering ofshop-top housing similar to thatin the Hunter Street mall could be built bordering onto green space running east towards the Market Street lawn.

The plan’spublic exhibition period was pushed back after Greens and Labor councillors decided to seek more information about traffic and public transport in the CBD first.

Documents now on exhibition include the development control plan, which details requirements for building design and public areas, while a planning agreement shows the Hunter Development Corporation’s commitments to parks, affordable housing and infrastructure.

The documents can be read online, at the King St city administration centre or Newcastle Library.

Feedback will be incorporated into another report to the new elected council before the end of the year, and will address issues raised and potentially propose amendments.

The Department of Planning will be asked to finalise the proposal if the council supports it.

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Short Takes September 13 2017

With so many things, timing is important. So I suppose it was just a coincidence that the report on noise levels made by the Supercars was released a day after the council elections?
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Ross Edmonds,WaratahIn regard to Saturday’s story (“Sinking feeling, Herald 9/9):Masterton Homes have aseven-year warranty on their buildings.Are they fair dinkum?

Ken Harvey,Warners BayThey say you get the government you deserve, I guess that goes for local governments too.The people of Port Stephens had the chance to vote for change but instead opted for more of the same (“Port’s chains claimed as Maitland races on”, Herald 11/9). You asked for it, now stop whinging and live with it.After all, you deserve it.

Brian Crooks,SconeWell surprise, surprise:the Supercars noise report gets released two days after the council elections (“Lipstick on a pig’: East End takes aim at Supercars noise plan, Herald 12/9). I can only imagine the meetingwith all the bigwigs in furious agreement that the report be kept top secret until after the election. A scene that’s surely inspiration for the next series of Utopia, called Newtopia.

Andrew Myors,Newcastle EastThe High Court’s green light for the marriage plebiscite prompts a spray from Les Hutchinson (Letters 9/9), dumping many or most of us into his ‘basket of deplorables’: under-educated, unread, multi-ignorant, multi-prejudiced and stupidly racist.As one who would qualify, I suspect, as one of Les’deplorablessimply because I disagree with same-sex ‘marriage’.I acknowledge the effectiveness of his comments.Les’letter, in my opinion, will gain more supporters for the nocase than any piece of reasoned argument that I have read recently.Well done Les! Keep up the good work!

Peter Dolan,LambtonThe other day I came across a copy of the Newcastle Morning Herald dated May 91945. On the front page was a picture of Novocastrians celebrating the cease-fire of the War in Europe. Reading through I saw many items which are featured in today’s issues.One piece was a movie from the Victoria Theatre which today is experiencing a resurgence.Last but not leastletters to the editor, which I’m sure has never lost its popularity.

Daphne Hughes,KahibahI would like to know how much money was wasted on the phone calls we received on Friday for the local election. How did they get hold of phone numbers that are silent numbers? It is enough that you have to run the gauntlet before going to vote but to be rung at home and pestered by them. Money wasted and I hope it was not Newcastle people that had to pay for it.

Marilyn Frost,Hamilton NorthNRL boss Todd Greenberg said no team missed out on the finals because of refereeing decisions.Apparently he didn’t watch any football at the weekend.

John Keen,Gateshead

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Free Fluffy: Baby great white shark to be released into ocean

Early this afternoon, a juvenile shark got itself in trouble, managaing to get washed up into the rocks along Manly beach. Staff from Manly SEA LIFE Sanctuary eventually trasnported the shark to a nearby rock pool along Fairy Bower. The shark seemed to be ill and as of 2pm, staff were still unsure of what species the shark was. Photographed Monday 11th September 2017. Photograph by James Brickwood. SMH NEWS 170911 The baby great white shark found washed up on a Sydney beach has undergone a health assessment and is likely to be released into the ocean on Tuesday.
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The 1.5-metre shark, nicknamed “Fluffy”, was spotted flailing in the surf at Shelly Beach near Manly about midday on Monday.

Attempts to drag the injured shark back into the sea failed, so rescuers moved it to a stretcher and transferred it the Fairy Bower ocean pool, where it attracted a crowd of onlookers.

The shark, which appears to have injuries to its mouth and tail, was later put in a truck and taken to Manly Sea Life Sanctuary, where it was transferred to an isolation tank and assessed overnight.

The sanctuary’s senior aquarist Robbie McCracken said the shark had made a dramatic recovery and was expected to be released into the ocean once it has approval from NSW Fisheries.

“He has had a chance to rest and recoup and hopefully we will be able to release him a bit later today,” he told Nine News.

“This animal is better suited to recovery out in its environment.”

It is not known how the juvenile shark ended up beaching itself at Shelly Beach, which is adjacent to the Cabbage Tree Bay Aquatic Reserve.

Mr McCracken said it was “extremely rare” for a shark to end up on the beach.

“We are hoping that it sort of mistakenly found its way into an area it didn’t intend to be and got a bit tired and exhausted and then stressed with the waves and all the people around it.

“Hopefully when we let it back out quite a way offshore in much deeper water it will be able to recover.

“These great white sharks usually are animals that would tend to be offshore a bit, out in the deeper more unrestricted waters.

“This one for whatever reason found its way up into the beaches of Manly and then into the surf zone where it came into a bit of grief. That is where we were able to step in and sort of intervene.” #shark in the #bower pool #manlypic.twitter苏州夜总会招聘/DIH8ylWMlz??? jomorgan (@hijomorgan) September 11, 2017Beachgoers in Manly were given a shock, with the dramatic rescue of a “washed up” great white shark. @Gabrielle_Boyle is LIVE #9Newspic.twitter苏州夜总会招聘/m2wQCcDh1L??? Nine News Sydney (@9NewsSyd) September 11, 2017

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[email protected]: The bulls are back

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

The world’s financial markets are the very picture of calm and tranquillity, where the short sellers are getting squeezed and the bulls are once again dominating.

1. Happy days: The MSCI World stock index (trade the URTH ETF) is trading at a new all-time high. European markets have found their mojo and whether we look at the set-up on the DAX or the EU stocks 50 indexes, the current set-up on the daily chart suggests the higher probability trade is for higher levels here. The S&P 500 is a whisker away from the all-time high of 2490.87 set on 8 August, and we will be watching the S&P 500 futures through Asia today to see if the futures index can print a new high here. Both the Dow Transports and the Russell 2000 index closed 1.1% higher, giving the move in equity backbone, while we can see 88% of stocks higher on the S&P 500, showing solid breadth in the days buying.

In Asia, we can see very bullish set-ups in the Hang Seng and India 50 (happy to be long these markets), while the ASX 200 and Nikkei 225 are pushing closer towards the top end of their trading ranges.

2. Wall Street: We have also seen some strong performance from US high yield corporate credit, with spreads coming in 11 basis points (investment grade credit spread closed 3bp tighter), and again this stamps the approval that today’s US session was of good quality, backed by S&P 500 volumes 7% above the 30-day average. All sectors rallied, providing Asia with a solid platform to move higher, despite many of themes which have pushed up European and US markets playing out in our time frame yesterday and thus partially in the price.

3. ASX: Perhaps a good way to visualise this pricing is that despite S&P 500 futures trading up 0.4% at the ASX 200 close yesterday (at 16:10 aest), we can see they sit 0.6% higher now. It’s no surprise, therefore, that SPI futures are trading up 21 points (or 0.5%) and our call for the Aussie equity market suggests an open at 5737. So, while traders had bought into Aussie (and broader Asian) stocks yesterday on the idea that Hurricane Irma is unlikely to cause the damage some had feared, while the rebuilding process will add to growth in the quarters ahead, not to mention the absence of anticipated missile tests from North Korea, most of this news flow is in the price. However, there is no doubt that sentiment has picked up here and implied volatility has moved lower with a certain calmness returning to markets.

4. Rate talk: Interestingly, we can see that the broad improvement in financial conditions has propelled market pricing around potential tightening from the Federal Reserve this year from around 25% (on Friday) to currently sit at 35%; so a chunky move in Fed expectations. The US 2’sv 10’s fixed income curve has steepened a touch to 81 basis points (bp), with selling in longer-term rates somewhat more aggressive than that of short-term rates. This, in turn, has lifted US financials by 1.7% (and should support Aussie banks), with the US dollar index (DXY) gaining 0.7% and the greenback rallying against all G10 currencies, expect the CAD, which is the star of the FX show. USD/JPY has been well traded and finds itself pushing into ??109.50 and eyeing a move into key supply seen in the ??111.00 to ??110.50.

5. Aussie dollar: AUD/USD is also on the radar, as this pair is over owned in a huge way and Friday’s pin bar reversal is playing out in textbook fashion, with the pair moving into the lower 80c level and the probability that a short-term move into $0.7950 to $0.7900 looks ominous. Today’s NAB business confidence print (released at 11:30 aest) shouldn’t move the pair to any great capacity.

My set-up of the day is EUR/CAD though and a close through c$1.4480 (strong horizontal support through July) would open up sizeable downside risks.

6. Stocks to watch: Back in equity land, we saw a strong rotation from funds switching from ASX materials into financial stocks yesterday. Well, today we should see both sectors working higher today with BHP expected to open 1.6% higher and Vale’s US-listing closing 1.3% higher, so both names indicate a more upbeat feel to Aussie miners. US crude prices have closed 1.3% higher and have retraced close to 50% of the losses seen on Friday. Spot iron ore was smashed 5%, but more importantly has been the 1.8% and 1% rally in iron ore and steel futures traded on the Dalian exchange in China. Coking coal futures have risen an impressive 4.2%.

7. Gold loses sheen: Gold stocks have had their time in the sun, it seems, and the moves higher in US bond yields and the USD have seen gold move 1.5% lower. The gold miners ETF (GDX ETF) closed lower by 2.7% on the NYSE. Importantly, spot gold is holding $1326 (the 29 August high and also 5 September low), so a break below here could see the metals target $1300/1299, although this will be dictated too by the short-term moves in US bond yields, which in turn will take direction by the two key event risks for the week – Thursdays core CPI and Fridays US retail sales report. The gold bulls will want to see a weak number in both reports, causing ‘real’ yields to head back lower.

8. Market watch:

SPI futures up 31 points or 0.5% 5736

AUD -0.4% to 80.28 US cents

On Wall St: Dow +1.2%, S&P 500 +1.1%, Nasdaq +1.1%

In New York, BHP +1.7%, Rio +2%

In Europe: Stoxx 50 +1.4%, FTSE +0.5%, CAC +1.2%, DAX +1.4%

Spot gold -1.2% to $US1330.77 an ounce

Brent crude -0.1% to $US53.75 a barrel

US oil +1.1% to $US48.02 a barrel

Iron ore +US13?? to $US74.49 a tonne

Dalian iron ore +1.9% to 540 yuan

LME aluminium +1.1% to $US2122 a tonne

LME copper +0.8% to $US6748 a tonne

10-year bond yield: US 2.12%, Germany 0.33%, 2.60%

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

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letters to the editor September 13 2017

DRINK UP: Cathy Morgan argues cigarette price rises affect the poor disproportionately and stand in stark contrast to the inexpensive prices and availability of alcohol. It is time the poor and disadvantaged discovered a voice,there being so many of us in . The latest tobacco price rise won’t stop our poorest people smoking due to its level of addiction.To the wealthy politicians puffing away on their cigs, I hope you choke on them. Are there rehab centre’s in place for addicts?
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No, but Champix has potentially serious side effects and patches just prolong the agony of stopping. I have a major depressive disorder, and if I choose to smoke so be it. I find it interesting that everyone I know who has passed from cancer were non-smokers.

Also interesting is the fact I can buy three casks of wine for the price of a cheap pouch of tobacco. Large amounts of cheap wine can land me in a hospital or police station, with no memory of what, how or why. This is why I don’t drink.

Excessive alcohol causes major damage to lives and property, but obviously that is acceptable. Give us a break, or the new dealers in the neighborhood will be selling tobacco instead of illegal drugs.

There is no evidence that making tobacco unaffordable stops people smoking. It’s just another stab at the poor and vulnerable but we will bleed together. Enough is enough.

Cathy Morgan,Marks PointDON’T BE DEAF TOCAR RISKSSo Jeff Corbettthinks that this Supercar-thingis just a beat-up by Newcastle Eastwhingers (“Precious in the East End”, Herald 9/9). I have today seen the Supercar Noise Management Plan.I quote from the reportsome of their recommendations to affected residents: “Keep doors and windows closed; seal cracks, doors and window frames using commercial or makeshift products. Basic protection measures may include: adhesive sealing strips for door frames and windows, temporary vent seals, under door strip seals or draught stoppers, fill cracks using commercial foam fillers or silicon; remain in back rooms; use hearing protection; leave property during some or all of the race period (optional)”.

There it is, Jeff,in black and white.Supercars thinks that leaving the safety ofyour home could be one of the basic protectionmeasures a resident might take to escape the excessivenoise.That term, “basic protection measure”, is theirs, not mine. Usually a householder repairs to their home during inclement weather, orto escape the heat, to rest, orto enjoy the company of their family and friends. But the organisers of this event suggest that leaving your home might afford theprotection which this event will deprive you of.

Except for the earthquake,I cannot think of any other event which has been staged in the East End where the organisers have suggested that residents leave their homes for their own safety.

Les Brennan,Newcastle EastMORE TO HEAR ON NOISEIf the findings of the independentnoise auditor, chosen by and paid by Supercars, is31 houses affected by illegal noise levels, I believe the tally in real terms would be closer to 310 (“Sound advice: Supercars release the results of city noise audit” Herald, 11/9). It reminds me of the Laman Street fig trees issue, where the only arborists that agreed with Council’s allegation that the trees were dangerous were those paid by Council. And separate offers by premier “O’Farrell and the insurer to pay for a genuine independent third party arborist were rejected without explanation. How about a genuine independent review of Supercars’ noise audit?

How about details of businesses that will have to shut for the three-day race without compensation because of the Workplace Safety Act? How about releasing the opinions of Fire and Safety NSW , who have inspected the exclusion zone, about dealing with fires within the exclusion zone?

And it’s not just about noise: why did 70 local medicos- gerontologists, pediatricians, hearing specialists, GPs, etc, sign a statement of opposition? Perhaps Mr. Warburton knows better than them.

KeithParsons,NewcastlePHILOSOPHY FANS OUTI’m dismayed to hear that classics and philosophy might face the axe at Newcastle university. The idea that studying the humanities doesn’t lead to jobs is a myth. Philosophy and history graduates can be found in all professional walks of life – including as CEOs of some of Silicon Valley’s most successful technology firms. Subjects like these develop critical thinking, reasoning and communication skills – some of the exact “transferable qualities” sought by employers around the world. I benefited enormously – both personally and professionally – from studying the full range of humanities at Newcastle University, and I hope future generations can do the same.

Michael Kachel,Princeton USANAMES NEED TO HARDEN UPThere has been a lot of talk in the papers lately about why crowds are so low at soccer matches , or the “world game” as some refer to it.Just for starters, how do you expect supporters of supposedly skilled supreme athletic teams, to enter an arena in a gladiatorial frame of mind, with banners waving and tribal-like chanting, when they are watching a game between the Jaffasand the Rosebuds?

Surely you can’t be serious.Who would the winner out of this contest play,the Marshmallowsor perhaps the Daffodils?

Eddie Niszczot,ThorntonA REBUTTAL ON PUB TRADEAdz (Short Takes 12/9) missed my point. All residents and families living near a large suburban pub should be extremely concerned about the Delany Hotel’sapplication toincreaselast drinks from midnight to 2am on the most violent nights of week.

This will create a dangerous irresistible precedent given the competitive environment for the other suburban pubs to follow suit – delivering to them more profits,surrounding residents big increases in assaults and undue disturbances in theseneighbourhoods. The time to prevent this is now!

Tony Brown,NewcastleSELLER SHOULD BE AWAREAll of NSW Government power stations where sold off by Liberal Governments to boost their budget bottom lines. Now their Federal counterparts are crying foul when the new owners wish to close these obsolete coal-fired power plants.

If the Federal Energy Minister wishes to drag somebody to Canberra and wave a big stick at them, start with the people who sold these plants in the first place.

Darryl Tuckwell,Eleebana

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