Ο Χάρης Δανάλης επέστρεψε στην Προεδρία της Ελλην. Κοινότητας ΝΝΟ

Source: SBSGreek

By VASSO MORALI ΒΑΣΩ ΜΩΡΑΛΗ

Έναν μήνα μετά την παραίτησή του (ύστερα από τη θορυβώδη έκτακτη Γεν. Συνέλευση των μελών της Ελληνικής Ορθόδοξης Κοινότητας Νέας Νότιας Ουαλίας για την πιθανή πώληση της ιδιοκτησίας του Οργανισμού στο Πάντιγκτον του Σίδνεϊ), ο Χάρης Δανάλης επέστρεψε στα καθήκοντά του.

Το Διοικητικό Συμβούλιο του Οργανισμού ομόφωνα δεν αποδέχθηκε, τελικά, την παραίτηση του Χ. Δανάλη και τον κάλεσε να επιστρέψει στην Προεδρία της Ελλην. Ορθόδοξης Κοινότητας.

Ο Χάρης Δανάλης μίλησε στη Βάσω Μώραλη και στο Ελληνικό Πρόγραμμα της Ραδιοφωνίας SBS, σχετικά με την επιστροφή του, αλλά και για την κρίσιμη οικονομική κατάσταση που αντιμετωπίζει ο Οργανισμός.

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That’s rich – Australia’s wealth jumps by $325b

Source: Reuters

Households are suddenly a whole lot better off after the government statistician “found” $325 billion in share assets previously unrecognised.
The Australian Bureau of Statistics today released its latest report on household assets which included massive upward revisions to estimates for equity holdings. Total financial assets were now put at $3.1 trillion at the end of March, compared to the originally reported $2.77 trillion.

The revision is worth roughly $14,380 for every one of the nation’s 22.6 million people, taking the value of an average Australian’s assets to $137,168.

“This issue incorporates new estimates for households holding of unlisted shares and other equity in other private non financial corporations,” the statistician drily noted.

The value of such equity is now put at $383 billion at the end of March, compared to the original $91 billion.
“The Bureau of Statistics has effectively ‘found’ $325 billion in household wealth,” said Craig James, chief economist at CommSec.

Total financial assets also rose further in the second quarter to stand at $3.11 trillion by the end of June, up $76 billion on the same period last year.

No less than $702 billion of that was held in bank deposits, or $31,062 per person. Australian banks have been competing fiercely for deposits to reduce their dependence on offshore funding, while households have been keen to save more in the wake of the global financial crisis.

Since the end of 2007 the amount of money stashed in bank deposits has climbed by $260 billion, or almost 60 per cent.

“Australians are continuing their love affair with defensive assets such as cash and bank deposits,” Mr James said.

“And it’s not just Aussie consumers, but companies and even superannuation funds,” he added. “Pension or superannuation funds have more than 15 per cent of funds in cash and deposits – the highest proportion on record.”

Non-financial companies held $395 billion in cash and deposits at the end of June, suggesting one reason why lending to businesses has been so sluggish in the last couple of years.
The upward revisions to wealth also mean households do not look quite as stretched when compared to their debts.
The ABS now estimates the ratio of debt to liquid assets was 129.1 per cent in March, well down on the original estimate of 170.1 per cent.
There have been long-standing concerns that the high debt levels of Australian households left them vulnerable to an economic shock such as a sharp rise in the, currently low, 5.1 per cent unemployment rate.

Newcastle’s City Hall and the Civic Theatre listed on the state heritage register

Source: Newcastle Herald

Heritage Minister Robyn Parker announced the listings at Newcastle City Hall yesterday.

She said they would help protect the buildings and allow Newcastle City Council to apply for admittedly ‘‘meagre’’ funding available for restoration works.

The council requires about $28 million to refurbish and repair City Hall, according to its latest estimate.

The government has offered a $7.5 million loan, which lord mayor Jeff McCloy said he hoped the council would take up.

Kevin Rudd plotting against PM – again

Source: TheTelegraph

JULIA Gillard’s supporters within Labor have accused Kevin Rudd and his allies of trying to undermine the Prime Minister just as she begins a recovery in the polls.

The warning came after former finance minister Lindsay Tanner broke his two-year silence on his party’s decision to dump Mr Rudd, describing it as an “extreme over-reaction” that Labor powerbrokers now regretted.

Mr Tanner, who resigned the day Ms Gillard toppled Mr Rudd, made the comments in interviews to promote his new book about the Labor Party.

The former MP also took a swipe at Gillard supporters’ attacks on Mr Rudd after his leadership challenge this year, saying these were “exaggerated” and had done more damage to Labor.

“It is impossible to attack the Rudd government without undermining the Gillard Government,” he said.

“The sad thing about all this is that Labor is trashing its own great achievement. In spite of everything that has since happened, we should be very proud of our government’s handling of the 2008-2009 crisis.”

Ministers who supported Ms Gillard in this year’s challenge yesterday publicly hit back at Mr Tanner.

“He’s making comments about something that happened over two years ago,” Simon Crean said. “I think certainly the party’s moved on, I think Mr Tanner should too.”

Treasurer Wayne Swan, who made some of the most searing attacks on Mr Rudd in February, said he did not resile from them.

Mr Rudd did not make any comment about the controversy yesterday. However, the former prime minister raised eyebrows among his colleagues by his recent return to the public spotlight.

Nathan Tinkler plummets as he drops on BRW Young Rich List

Source: News

Tinklers Troubles 2

ONCE lauded as Australia’s richest self-made man under 40, Nathan Tinkler now holds the dubious record for the biggest ever wealth slump on BRW’s latest Young Rich list.

The mining magnate and sports franchise tsar’s personal wealth has plummeted from $1.13 billion to $400 million – the equivalent of losing $2 million a day or more than most people earn in a lifetime.

With creditors circling and mounting speculation over his financial future, Mr Tinkler’s diminishing fortunes sees him toppled from the number one spot on BRW’s Young Rich list of the nation’s 100 wealthiest people under 41 for the first time since 2009.

BRW’s Rich list editor Andrew Heathcote said the annual wealth snapshot showed youth was not an impediment to success with young entrepreneurs building fast fortunes on the back of calculated risks.

But not all of those risks pay off.

“Tinkler’s slide from the top is suggestive of a broad trend,” the business magazine said in a statement.

“Mining is out as a key wealth generator and technology is in.”

Scott Farquhar, Mike Cannon-Brookes

Scott Farquhar and Mike Cannon-Brookes.

Software entrepreneurs Mike Cannon-Brookes and Scott Farquhar from Atlassian replace Mr Tinkler on top of the Young Rich list, with a combined wealth of $480 million.

The combined value of the list this year has dropped by $2.2 billion last year, to $5.1 billion, for only the second time in its 10-year history.

 

Mark Ackroyd

Mark Ackroyd, Managing director of National Plant and Equipment, landed in third spot in this year’s young rich list. Picture: Jamie Hanson

The other was in 2009 following the global financial crisis.

Fewer women also made the list with six – down from eight last year – including Carolyn Creswell (muesli bar maker), Prue Eales (equipment hire), Kylie Radford (fashion label Morrison), Karrie Webb (golfer) and Sarah-Jane Clarke and Heidi Middleton (Sass & Bide).

 

Simon Clausen

Computer security program founder Simon Clausen has made it to fourth place. Picture: Supplied

While 48 per cent of the young rich managed to maintain or increase their wealth in a backwards market, the softening economy dragged the entry-level criteria from $20 million in net assets to make the list last year to $18 million.

The youngest debutant this year was 28-year-old Nick Armstrong, who shares a $22 million fortune with Geoff Alexander as co-owners of emissions trading company COZero.

 

 

Top 5

Mike Cannon-Brookes and Scott Farquhar – $480 million – software

Nathan Tinkler – $400 million – mining

Mark Ackroyd – $290 million – equipment hire

Simon Clausen $230 million – software/property

Ashley Fraser $195 million – equipment hire

Liberal factions in peace talks

Source: TheAustralian

LIBERAL faction bosses in NSW were locked in crisis talks last night to resolve the legal battle that has paralysed the state party since last week.

The meeting, convened at the insistence of NSW Premier Barry O’Farrell, was attempting to break a deadlock between the Right and Left factions over the method for selecting parliamentary candidates.

Key players at the meeting included former state minister Michael Photios, from the Left, and NSW Attorney-General Greg Smith on the Right. The meeting — which Mr O’Farrell chose not to attend and which was chaired by NSW senator Arthur Sinodinos — followed an injunction granted in the Supreme Court on Friday by judge William Nicholas, cancelling the annual general meeting of the party’s state council scheduled for the following day.

The action came after months of acrimony, with the Right claiming the Left was abusing its control of the state executive.

Justice Nicholas found the executive did not have the power to prevent Right-sponsored motions, limiting the powers of the executive and proposing preselections by popular vote of local branch members, going to the AGM. The decision leaves the party over a barrel, since a court hearing on the substantive issues is unlikely before next year.

This leaves a variety of matters, including a vote on a replacement for Senator Sinodinos, in limbo.

Senior party sources said a compromise would likely involve reconvening the AGM and putting the motions limiting the “special powers” of the executive, but shelving the preselection issues until next year.

Justice Nicholas’s decision yesterday will strengthen the conviction on the Right it has the executive up against the wall.

The judgment says, “I find that the plaintiff has established a very strong case that it has complied with the procedures for putting its motion . . . before state council at the next AGM, and, in the circumstances, it was not open to those responsible for setting the agenda to prevent that from happening.”

Writing for the ABC yesterday, Peter Reith, a former ministerial colleague of Tony Abbott, said Mr Abbott had only himself to blame: “Last year Tony Abbott voted down a more activist approach to party reform and now he has to face the consequences.”

 

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