A Chinese mainland spokesperson on Wednesday reaffirmed that Taiwan’s status as part of China has never changed and will never change. Chen Binhua, spokesperson for the State Council Taiwan Affairs Office, made the remarks during a press conference in response to a speech made by Taiwan’s leader, Lai Ching-te, on Oct. 10, in which Lai claimed that “the People’s Republic of China (PRC) has no right to represent Taiwan.” A host of documents with international legal effect, including the 1943 Cairo Declaration and the 1945 Potsdam Proclamation, confirm China’s sovereignty over Taiwan, Chen said. He emphasized that the government of the PRC was established on Oct. 1, 1949, replacing the government of the Republic of China as the sole legal government representing the whole of China. At its 26th session in 1971, the United Nations General Assembly adopted Resolution 2758, which restored the representation and seat of the whole of China, including Taiwan, to the government of the PRC, based on the recognition that Taiwan is part of China, Chen noted. Lai’s framing of “China” and “Taiwan” as oppositional reflects a clear separatist assertion of “Taiwan independence,” Chen said, adding that this undermines China’s sovereignty and challenges the international community’s commitment to the one-China principle. “Any action or statement that challenges the one-China principle and seeks to divide the country is doomed to fail,” the spokesperson said. Any attempt to undermine the national identity of Taiwan compatriots and exacerbate cross-Strait tensions will not gain public support, he added.
China’s anti-graft chief Li Xi has urged efforts to further improve conduct and build integrity among the Party and combat corruption, thus achieving new progress on the front. Li, a member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee and secretary of the CPC Central Commission for Discipline Inspection, made the remarks during an inspection tour to north China’s Tianjin Municipality from Monday to Wednesday. While visiting different localities in the city, Li called for efforts to tackle Party discipline and law violations in the field of eco-environmental protection, and continue to address misconduct and corruption occurring at people’s doorsteps, among other efforts. At a seminar during the tour, Li also urged deepening the reform of the discipline inspection and supervision system to make it more regulated and rule-based, and ensuring that political responsibility for full and rigorous Party self-governance is fulfilled.
Gambling, especially sports and race betting, is a hot political issue at the moment.
This is largely due to the recommendations from a 2023 report from a nonpartisan federal government committee, chaired by the late Peta Murphy, called You Win Some, You Lose More.
This report recommended “the Australian government, with the cooperation of the states and territories, implement a comprehensive ban on all forms of advertising for online gambling”.
This has led to lots of debate and controversy.
Recently, Peter V’landys, head of the NRL and Racing NSW, claimed lotteries were more harmful than race and sports betting combined, citing independent statistics.
Let’s explore the relative harm of different types of gambling and see if this claim holds up.
Australians love a punt
Gambling is widespread in Australia, with more than half of adults engaging in at least one form each year.
According to the latest national data, lotteries are the most common type (40% of Australians buy a ticket annually), followed by race betting (17%), pokies (16%), scratchies (15.7%) and sports betting (9.6%).
However, the popularity of a gambling form doesn’t necessarily reflect its harm. Different gambling activities have distinct characteristics.
Two key factors mean that some gambling forms are more harmful than others: the speed of gambling and bet size.
Pokies allow for frequent, small bets, with spins every three seconds. Race and sports betting can involve much larger sums and betting that is relatively fast, but still slower than pokie spins.
Sports betting, in particular, is getting faster with in-play betting and microbetting.
Poker machines, or ‘pokies’ are the biggest single source of gambling losses in Australia.
Lotteries, on the other hand, are much slower-paced.
People typically spend a small amount on tickets and wait for a draw to find out if they’ve won.
Although it’s possible to spend a lot on tickets, people tend not to, unlike with faster gambling forms.
The average spend on pokies among the 16% who play them is around $4,782 per year, compared to an average spend on lotteries of $377 per year. These are averages. Most won’t spend these amounts but some will spend far more, which raises the average amount.
V’landys’ claim about lotteries being more harmful than race and sports betting was based on “independent statistics”.
He said that of 100 people seeking help from a gambling hotline, 70 had issues with pokies, 15 with lotteries, eight with race betting, four with sports betting, and three with casinos.
We were unable to verify these figures – if anyone has the data, we’d love to see the research to assess them.
However, we do have publicly available data.
What the data say
The NSW GambleAware website’s 2020-21 report shows that of 2,886 people seeking help, 73.3% identified pokies as their primary form of gambling, while only 13 people (less than 1%) listed lotteries. Race betting accounted for 13.1%, and sports betting for 7.9%.
People who experience problems also usually take part in more than one form of gambling, as the NSW report showed.
When these secondary gambling activities were considered, sports betting was cited by 35.5%, race betting by 33.5%, pokies by 19.5%, and lotteries by 13.7%.
What we discovered
The best evidence on gambling problems and harm comes from large-scale prevalence studies, typically commissioned by governments and conducted by independent researchers.
These studies offer high-quality insights into how each gambling form contributes to problems.
While one prevalence study is great, our team recently combined data from seven national and state-based prevalence studies. This resulted in a very high-quality dataset that we can use to study this question.
In our analysis, we used statistical techniques to show how strongly each gambling form is associated with problems.
These techniques give us regression coefficients, which are just numbers that tell us how strong the association is. A higher number means a stronger association between that form and gambling problems.
The most problematic form was pokies (coefficient = 0.147), followed by casino games (0.136), sports betting (0.068) and race betting (0.038).
Lotteries, with a coefficient of 0.001, were the least problematic and were not statistically significant even in our large sample.
As you might guess from such a low number, there’s very little relationship between lotteries and gambling problems.
What about prevalence?
Prevalence matters too – while pokies were most strongly associated with problems, the number of people participating in each gambling form is also important.
Let’s consider an analogy – a car that gives out a lot of exhaust fumes. That car is harmful, but if virtually no one owns one, then it’s not going to account for much pollution.
The same idea applies for gambling forms. If a gambling form is very harmful but very few people do it, it doesn’t account for many problems in the population.
It works the other way, too – if there is a very clean type of car that many people drive, they also won’t add up to much pollution.
Similarly, if we have gambling forms that have very little association with problems, it won’t add up to many problems in the population, even if lots of people take part.
The regression coefficients tell us how problematic each gambling form is. Prevalance tells us how many people do it.
When we combine these two bits of information, we can work out the degree of problems in the community that come from each form.
When we did this, pokies were responsible for 52-57% of gambling problems in the community.
Sports and race betting each contributed 9-11%, with a combined total of around 20%.
Lotteries accounted for just 0.1-1% of problems.
Even if we include scratchies as part of lotteries, this only adds another 2-5% of problems, still far below sports and race betting.
The real issue
What’s the takeaway?
Lotteries are widely played but are not typically associated with much harm.
Sports and race betting, despite having fewer participants, are more harmful due to their faster pace and the potential for large, frequent bets.
Lotteries involve slower betting and lower spending, making them much less risky.
If we aim to reduce gambling harm in our community, the focus should be on pokies, which are widespread in pubs and clubs outside WA, casino games and race and sports betting.
These forms have features that make them far more harmful than slower-paced gambling like lotteries.
Alex Russell receives funding from Gambling Research Australia, the Department of Social Services, the NSW Responsible Gambling Fund, the Victorian Responsible Gambling Foundation, the ACT Gambling and Racing Commission, the New Zealand Ministry of Health, the South Australian Government, the Australian Communications and Media Authority, the Northern Territory Department of Industry, Tourism and Trade, the Alberta Gambling Research Institute and Arts Queensland. He previously provided statistical advice on projects to inform a casino group about gambling and gambling problems amongst their employees, and what could be done to reduce this.
He is a board member for the Australian Loneliness Research Foundation.
Matthew Browne has received funding from the ACT Gambling and Racing Commission, the NSW Office of Responsible Gambling, the Victorian Responsible Gambling Foundation, Gambling Research Australia, the Alberta Gambling Research Institute, the Queensland Department of Justice and Attorney-General, the Commonwealth Department of Social Services, the Office of Responsible Gambling, and the South Australian Independent Gambling Authority for various research studies on gambling behaviour, youth gambling, and the social costs of gambling, and gambling-related harm.
Matthew Rockloff receives funding from Matthew Rockloff has received funding from the ACT Gambling and Racing Commission, the NSW Office of Responsible Gambling, the Victorian Responsible Gambling Foundation, Gambling Research Australia, the Alberta Gambling Research Institute, the Queensland Department of Justice and Attorney-General, the Commonwealth Department of Social Services, the Office of Responsible Gambling, and the South Australian Independent Gambling Authority for various research studies on gambling behaviour, youth gambling, and the social costs of gambling, and gambling-related harm.
This follows ongoing reports of disturbing events involving sexist abuse by students in both independent and government schools in Victoria and around the country.
But while this week’s announcement is a welcome and necessary step, we need a more comprehensive plan to eliminate gender-based violence in our schools.
What is the ‘manosphere’?
The “manosphere” is an overlapping collection of extreme men’s communities on social media that are anti-women and against women’s empowerment. This includes Tate, the “misogynist influencer” who is facing trial in Romania on charges of human trafficking and rape (which he denies).
Our recent research found women teachers are increasingly exposed to sexism, misogyny and sexual harassment as the result of boys’ exposure to “manfluencer” ideas and behaviours. These problems are further compounded by the infiltration of far-right sentiments into schools, which has been linked to far-right online forums.
At the same time, women teachers report they are not being supported by school leadership.
The new teaching resources were developed by education academics Helen Cahill and Debbie Ollis, in consultation with teachers, students and parents.
They aim to give students skills to counter the influence of “Tate-types”, and to navigate issues such as consent, sextortion, pornography and gender-based bullying.
They will be part of respectful relationships education, which is mandatory in Victorian government schools (following a recommendation of the 2015 Royal Commission into Family Violence).
Problems with respecful relationship education
There have been implementation issues with respectful relationships education.
A 2022 review (of which one of us, Naomi Pfitzner, was an author) found problems with the funding, quality of resources and training supplied to schools, and with schools’ levels of commitment
Previous research also suggests teachers may be hesitant to engage with controversial or tricky topics. There is a risk some issues are being left out of classroom discussions.
Crucially, respectful relationships is not mandatory in all Victorian schools — independent and faith-based schools in Victoria need to opt in.
In other Australian states and territories, respectful relationships education is not compulsory in any school system.
We need more information
Education departments around the country collect various forms of data about school life, such as learning and attendance. But we don’t have accurate national data on the prevalence of gender-based violence in schools.
Without the full picture of how widespread gender-based violence is in Australian schools, it is difficult to resource and design an appropriate response.
Gender-based violence in schools is inextricably connected to the endemic levels of violence against women in Australia.
We cannot separate a broader culture that enables gendered slurs, misogyny and gender inequity — known enablers of gender-based violence — from attitudes towards women and girls in schools.
The proliferation of online misogynist content requires a new, tailored approach.
Our current project with Australia’s National Research Organisation for Women’s Safety is examining how online misogyny in the manosphere influences young boys and men in Australia. We will then create resources to support teachers and help make schools safer for all young people.
It is shameful many girls’ first experience of gendered violence happens as students at school. And teachers deserve a safe workplace free from misogyny and sexism.
Stephanie Wescott receives funding from Australia’s National Research Organisation for Women’s Safety (ANROWS).
Alexandra Phelan receives funding from Australia’s National Research Organisation for Women’s Safety (ANROWS).
Naomi Pfitzner has received funding from the Australia’s National Research Organisation for Women’s Safety, the Victorian and Queensland governments and the Australian government. She was an author of the review into Respectful Relationships Education in Australia mentioned in this article.
Sarah McCook receives funding from Australia’s National Research Organisation for Women’s Safety (ANROWS).
Steven Roberts receives funding from Australia’s National Research Organisation for Women’s Safety (ANROWS), the Australian government and the Australian Research Council. He is a Board Director at Respect Victoria, but this article is written wholly independently from that role.
Select committee hearings on banking inquiry to start next week
The Finance and Expenditure Committee has released its plans for the parliamentary inquiry into banking competition, along with the written submissions received on the inquiry so far.
Public hearings on the inquiry are set to kick off next week on Wednesday, 23 October.
The committee has hearings scheduled with all the major banks—including the Australian-owned “Big 4” and the main New Zealand-owned banks—over the remainder of 2024. The schedule of hearings is appended to this media release as Appendix 1. Please note that the schedule is subject to change at short notice, particularly if the House of Representatives sits under urgency. Up to date information for the week ahead can be found on the Parliament website (see links at end).
The committee received over 140 written submissions in response to its call for public submissions. Written submissions have been published online and are available on the Parliament website (see links at end). Over 60 submitters have asked to speak to the committee at public hearings.
The committee intends to progress hearings with all submitters—including organisations and individual members of the public—in 2024. Submitters will be contacted in the coming weeks to schedule their time with the committee. We intend to organise one hearing focused particularly on rural communities and agricultural lending. Once the schedule of hearings has been finalised, we intend to publish the schedule via a further media release.
The committee has invited members of the Primary Production Committee to attend all hearings. The Primary Production Committee has a particular interest in the relationship between rural bank lending and banking competition. We look forward to working with our colleagues from that committee over the course of our inquiry.
The committee intends to consider the overall timetable for completing the inquiry once hearings have been completed. The committee also intends to consider whether it is necessary to invite targeted written cross-submissions once hearings have been completed.
Source: People’s Republic of China – State Council News
BEIJING, Oct. 16 — China is forging its own path to modernization, offering not only inspiration to other developing countries but also tangible opportunities for growth amid a sluggish global economy.
Amid rising trade protectionism, China, the world’s largest developing nation, remains committed to advancing high-level opening up and serving as a reliable partner for developing countries on the path to modernization.
On the domestic front, China is prioritizing institutional openness, unlocking vast market potential and creating abundant opportunities for foreign businesses. Measures like lifting foreign investment restrictions in manufacturing and enhancing intellectual property protection are making China an increasingly attractive destination for global enterprises.
On the global stage, the China-proposed Belt and Road Initiative (BRI), which now encompasses over three quarters of the world’s countries, exemplifies China’s commitment to collaborative progress. Projects once deemed unattainable have become realities, significantly improving the lives of millions.
As Belt and Road cooperation has entered its second decade, new opportunities are emerging, with plans to break new ground through enhanced collaboration with partner countries. In July, a resolution was adopted during the third plenum of the 20th Communist Party of China Central Committee. It calls for efforts to improve the integrated framework for land, sea, air and cyberspace connectivity and build a multidimensional network to connect countries along the Belt and Road.
Cooperation within the BRI framework will be strengthened in key areas such as green development, the digital economy, artificial intelligence, finance, and disaster mitigation. As China rapidly advances in digital communications, it is well-positioned to assist partner countries in developing their digital economies and bridging the digital divide.
In the realm of technological innovation, China has consistently embraced a spirit of collaboration. Its belief that science should benefit all humanity is not mere rhetoric; it is reflected in concrete actions.
China has established scientific and technological cooperation ties with over 160 countries and regions, and signed 118 intergovernmental agreements on such cooperation. China also issued the International Science and Technology Cooperation Initiative, featuring open, fair, equitable and non-discriminatory international science and technology cooperation.
A prime example of such cooperation is the establishment of 10 overseas science and education centers by the Chinese Academy of Sciences in Africa, Central Asia, South Asia, Southeast Asia, South America and beyond. More than 100 scientific and technological projects have been launched, training nearly 5,000 high-level professionals from these regions.
China has provided the international community with abundant public goods, including the annual China International Import Expo and regional initiatives like the China-ASEAN Expo. These influential platforms are set to evolve into concrete cooperation projects that deliver tangible benefits to the people of participating countries. Committed to offering even more global public goods to support peace and prosperity, China aims to achieve more win-win outcomes through its reform and opening up while collaborating with other nations on modernization.
The effectiveness of these efforts is evident. Following its pledge in July to further open its doors to the world’s least developed countries, China announced in early September that it would grant zero-tariff treatment on 100 percent of tariff lines to all the least developed countries that have established diplomatic relations with China. This makes China the first major developing nation and the first significant economy to take such a step.
Cooperation between China and other developing nations is expected to accelerate in the future, especially in green transition efforts aimed at tackling climate change. China’s strengths in clean energy equipment and electric vehicles have already been translated into successful cooperation programs in relevant sectors across developing countries.
Modernization is a shared aspiration for humanity. Chinese modernization dispels the misconception that modernization equates to Westernization. Rather than pursuing isolated success or creating a model that hinders others, China is dedicated to partnering with other nations to jointly advance modernization.
As the world’s second-largest economy, China has contributed more than 30 percent of global economic growth over the past years. The widening door of opportunity being opened by Chinese modernization welcomes all, particularly Global South countries.
The venue of the 2024 World Agri-food Innovation Conference (WAFI 2024) is seen in Beijing, capital of China, Oct 11, 2024. [Photo/Xinhua] A global panel of agrarians has called for the innovation-driven green transition of the world’s agri-food system, as part of efforts to curb carbon emissions and mitigate the impact of climate change on food production. While some food-producing regions have initially benefited from warmer weather, the substantial uncertainties caused by global warming are disrupting agriculture across Asia, Africa and South America, the experts said. They made the remarks on the sidelines of the 2024 World Agri-Food Innovation Conference, held in Beijing earlier this month. The event was organized by China Agricultural University. Sun Qixin, president of China Agricultural University and an academician at the Chinese Academy of Engineering, told China Daily that mainstream models indicate a 6 to 8 percent decrease in food production for every 1 C increase in global temperatures, unless technological innovations are introduced to alleviate these effects. “However, the impact of a warmer climate is not uniform across the globe,” he said. Despite instances of warmer and wetter climate boosting food production in some areas that were previously cold and prone to drought, the sudden and extreme shifts in weather patterns are causing widespread disruptions in food production globally, Sun noted. Given that the green transition necessitates a substantial reduction in agricultural inputs such as fertilizers, it is crucial to invest in research and technological innovations to ensure that these reforms do not result in decreased output, Sun said. “We must proceed in this direction despite the challenges,” he added. An estimate by the Intergovernmental Panel on Climate Change, the United Nations body for evaluating climate science, showed that the agri-food sector, covering the entire cycle from food cultivation to consumption, contributes one-third of global greenhouse gas emissions. Fu Wenge, a professor at China Agricultural University, said that innovations facilitating green transition do not always require groundbreaking scientific discoveries, adding that sometimes, minor and cost-effective reforms in management models and other fields can bring significant changes. Fu cited the university’s Science and Technology Backyard project, which encourages students to live and work alongside smallholding farmers in rural areas as part of their education programs. The arrangement aims to help promote high-yield crop varieties and environmentally friendly farming practices among rural farming communities. “This model has been implemented in Africa and other regions,” he said. Ismahane Elouafi, executive managing director of the Consultative Group on International Agricultural Research, or CGIAR, a global partnership that unites research groups for a food-secure future, said that the green transition could be achieved through innovations that span technological, policy and institutional levels and include models for countries to work together. “The impact of climate change is multiplying every day, and the only way forward for us is to adopt innovation in its broad sense to really transform the agriculture system,” she said. The experts also called for greater awareness of increasing food production with reduced carbon footprint and more care for the environment. Patrick Caron, vice-chair of the CGIAR system board, said that humans have managed to increase food production throughout history, as living conditions improved and consumption patterns changed. “However, at the moment, we are looking at the increase of production with a different angle,” he said, referring to greater care to avoid climate change and degradations of land, water and biodiversity. Makers of food policy point to China as a source of hope amid the gloomy outlook of increasing food insecurity worldwide, citing the country’s ambitious goal to boost its annual food production capacity to approximately 700 million metric tons by 2030, up from the 695 million tons in 2023. Elouafi, the CGIAR executive managing director, said, “I think China really is a bright spot in the global picture, and not only in increasing productivity in a very smart way, but also in reducing poverty and hunger.” Despite a recent reversal in global progress, the world made significant strides in alleviating hunger and poverty between 2000 and 2017, largely because of China’s efforts, she said. Elouafi noted that China’s adoption of technologies and innovations in the agri-food sector, along with its initiatives to enhance rural incomes, played a pivotal role in the success. Wednesday marked World Food Day, which has been celebrated annually on Oct 16 since 1981 to raise awareness and promote action for fighting hunger and ensuring food security for all. At a news conference on Wednesday, Foreign Ministry spokeswoman Mao Ning said that as the world’s largest food producer, China attaches great importance to global food security. “China has provided more funding and experts and undertaken more projects than any other developing country under the framework of the Food and Agriculture Organization’s South-South Cooperation Programme,” she said. Mao added that China is willing to continue strengthening cooperation on food security with all parties to strive for a world free of hunger.
All savings generated by the transaction will be applied over time to support conservation, water security, and ecosystem restoration in the Lempa River (Rio Lempa) watershed. JPMorgan Chase Bank, N.A. acted as sole arranger and lender for the loan and J.P. Morgan Securities LLC acted as dealer manager in the tender offer for El Salvador’s bonds.
DFC, the U.S. Government’s international development bank, is providing $1 billion in political risk insurance (PRI) while CAF is providing a $200 million standby letter of credit (SBLC). The combination of the DFC PRI and the CAF SBLC will provide integral credit enhancements that support the transaction, which in turn catalyzes the additional investment in El Salvador’s conservation and ecosystem restoration efforts in the Rio Lempa watershed. ArtCap Strategies acted as financial advisor and global coordinator for the transaction.
The Rio Lempa watershed is one of the longest rivers in Central America and plays an important role in the well-being of cities, communities and the economy in El Salvador by providing drinking water, as well as supporting industry and hydropower generation, and irrigation. It also supports diverse ecosystems that represent a large portion of the country’s environmental heritage. Projects funded by the savings from the transaction are expected to enhance water quality, quantity, and reliability; strengthen climate resilience; protect the watershed’s natural ecosystem; and mitigate water security risk in the region.
Through this transaction, the Government of El Salvador will realize more than $352 million in lifetime savings through a combination of immediate notional debt savings and material reductions in debt service costs. $350 million of these savings will be applied to the Rio Lempa Conservation and Restoration Program (the “Program”) over the next 20 years in support of the country’s commitment to watershed conservation in the Rio Lempa basin. Specifically, $200 million, or an average of $9.75 million annually over 20 years, will fund the Program directly, while $150 million, or approximately $7 million per year, will fund an endowment. The funds in the endowment will be invested and are intended to become a source of ongoing funding for the Program beyond 2044. This $350 million allocation represents the largest funding commitment a country has ever made for conservation in a debt conversion transaction.
CRS and FIAES will jointly manage the Program and will collaborate with key government water and environmental agencies to enhance water security and watershed health, promote biodiversity, stimulate economic development through regenerative agriculture, and strengthen planning and management capacities in the Rio Lempa watershed. The Program will make grants to non-governmental organizations operating in El Salvador in support of these goals, with initial grants set to disburse in 2025.The Program will be governed by a seven-member Board of Directors that includes one representative from the Government of El Salvador, one representative from the U.S. Agency for International Development (USAID), and five non-governmental representatives.
In addition, the Government of El Salvador has committed to: (i) establish a zonal organization to oversee conservation and restoration of the Rio Lempa watershed; (ii) approve a National Integrated Water Resources Plan; (iii) establish a water resources data monitoring system for the Rio Lempa watershed; (iv) develop protocols for issuing water use permits; (v) establish a public feedback and complaint mechanism for violations of the National Water Resources Law and Environmental Law; (vi) contribute to the decision-making process by developing standards for calculating costs related to drinking water and sanitation services; and (vii) declare 75,000 hectares of protected aquifer recharge zones throughout the watershed by 2044.
White & Case LLP acted as legal adviser to the Republic.
“This debt conversion represents the most ambitious and impactful environmental action in El Salvador’s history. It not only reaffirms this government’s commitment to economic growth, it also enables us to achieve this growth while preserving one of our most precious natural resources: the Lempa River watershed. With support from international parties, we are executing the largest debt conversion transaction of its kind to date. This debt conversion project promotes sustainable development for our communities, strengthens our water security, and protects our ecosystems to secure the well-being of this generation and those to come. With this debt conversion, we aim to transform the environmental and economic future of El Salvador,” said Nayib Bukele, President of El Salvador.
“Since its inception, DFC has been a pioneer in the field of debt conversions. Today’s announcement presents the world’s first-ever debt conversion for watershed conservation and water security. This transaction will protect critical resources while helping unburden the Salvadoran economy and promoting the growth of a vibrant private sector that will create more opportunities for Salvadoreans to find employment in their communities. DFC is committed to continuing to leverage our unique financial tools in innovative ways in pursuit of our developmental priorities around the world,” said DFC CEO Scott Nathan.
“At CAF, we are committed to becoming the green bank of Latin America and the Caribbean. Therefore, we are investing $25 billion by 2026 to finance environmental, climate change, and biodiversity initiatives, such as the one we are announcing today in partnership with the Government of El Salvador, DFC, CRS, and FIAES. This historic financing demonstrates that, through joint efforts, we can advance innovative financial mechanisms that accelerate sustainable development,” said Sergio Díaz-Granados, Executive President of CAF.
“CRS is excited to be part of this transformative program in El Salvador, which sets a new standard for the scale and long-term funding needed to restore and protect critical water resources for current and future generations. This program came together because of bold leadership and collective action by a dynamic and diverse team,” said Carla Fajardo, Regional Director for Latin America and the Caribbean, Catholic Relief Services.
“FIAES is pleased to participate in the Rio Lempa Conservation and Restoration Program, acting as a strategic partner of the Government of El Salvador and the Government of the United States of America, as a fund administrator and program co-manager. The Río Lempa watershed is a valuable natural resource for our country since it covers 49 percent of the territory and supplies 68 percent of the national water needs; therefore, its preservation is essential to guarantee the sustainability of its ecosystem services”, said Jorge Oviedo, Executive Director of FIAES.
“ArtCap is proud to have spearheaded the coordination of this landmark transaction, uniting public and private stakeholders to help develop a comprehensive financial and conservation strategy. This program will deliver an important source of long-term funding for projects focused on the Rio Lempa watershed. By acting as a private sector catalyst, ArtCap was able to set a new precedent for collaboration among public and private stakeholders that helped to achieve a program with an impressive scale. We hope the success of this transaction will encourage further innovation in conservation finance,” said Antonio Navarro, Managing Partner, ArtCap Strategies.
About DFC:
The U.S. International Development Finance Corporation (DFC) partners with the private sector to finance solutions to the most critical challenges facing the developing world today. We invest across sectors including energy, healthcare, infrastructure, agriculture, and small business and financial services. DFC investments adhere to high standards and respect the environment, human rights, and worker rights.
About CAF:
CAF – Development Bank of Latin American and Caribbean– has the mission to promote sustainable development and regional integration by financing public and private sector projects, providing technical cooperation, and offering other specialized services. Established in 1970 and currently composed of 21 countries – 19 from Latin America and the Caribbean, along with Spain and Portugal – and 13 private banks, it is one of the main sources of multilateral financing and a significant knowledge generator for the region.
AboutCatholic Relief Services:
Catholic Relief Services is the official international humanitarian agency of the Catholic community in the United States. The agency alleviates suffering and provides assistance to people in need in more than 100 countries, without regard to race, religion or nationality. CRS works at the nexus of sustainable agriculture, watershed management, and water supply to support governments, partners, communities, and all stakeholders to provide truly sustainable solutions that increase crop production, improve water for human health, and mitigate climate change. CRS has worked in El Salvador for over 50 years, supporting a network of local partners.
AboutFIAES:
FIAES was launched in 1993 as a Conservation Trust Fund as a result of a debt-for-nature swap between the Government of the United States of America and the Government of El Salvador to support the restoration and conservation of natural resources in El Salvador. FIAES manages multiple funds including several debt-for-nature swaps, environmental compensation funds from the Government of El Salvador, and several conservation grants from international organizations. Over the past 31 years, FIAES has invested more than $90 million in conservation and restoration of coastal marine and terrestrial ecosystems.
About ArtCap Strategies:
ArtCap Strategies is a private credit fund and a leading financial advisory firm specializing in innovative, sustainable financing solutions for public and private sector clients (among other strategies). With a focus on structuring and investing in deals that address global challenges such as climate resilience, water security, and sustainable development, ArtCap works closely with governments, multilateral institutions, and private investors to create impactful financial strategies. ArtCap’s expertise lies in coordinating complex transactions that not only generate economic value, but also drive environmental and social progress, setting new standards in responsible finance.
This announcement may contain forward-looking statements. Forward-looking statements are statements that are not historical facts. These statements are based on El Salvador’s current plans, estimates, assumptions, and projections. Therefore, you should not place undue reliance on them. Forward-looking statements speak only as of the date they are made, and El Salvador undertakes no obligation to update them in light of new information or future events. This announcement is not an offer to purchase or the solicitation of an offer to sell any securities. This announcement is not for release, publication or distribution in or into, or to any person located or resident in, any jurisdiction where it is unlawful to release, publish or distribute such announcement.
It was big news in the podcasting world when US Vice-President Kamala Harris recently sat down with Alex Cooper’s Call Her Daddy for an extended interview. This was not just because it was one of the few times Harris has opened herself up to direct media scrutiny, but also because it signalled podcasting’s coming of age.
High-stakes interviews are no longer solely the domain of legacy media. Politicians, like celebrities with a story to tell or a film to sell, can pop onto a podcast with a hopefully sympathetic host to reach vast and potentially new audiences. (That said, Harris also did interviews with CBS News, 60 Minutes, The View and CBS’s The Late Show with Stephen Colbert the same week.)
So for the VP and Democratic presidential candidate, is this about finding new audiences or answering to a different, perhaps softer style of interview?
Call her who?
If you haven’t heard of Call Her Daddy, note the show’s emphasis is on sex and female empowerment. Cooper’s listeners are 70% women and 76% of them are aged under 35. It is often compared to the Joe Rogan Experience, a comparison Cooper hates. Cooper has also been called the Oprah Winfrey of her generation, which may say something about her interviewing skills or her market value.
The comparisons to Rogan are hard to avoid. Call Her Daddy has been running since 2018. In 2020, Cooper split with her co-host and took the program to Spotify, also home to the Joe Rogan Experience. There, Call Her Daddy rose to be the second most-listened-to podcast globally, behind Rogan, with an average of 5 million weekly listeners. Spotify gave Cooper US$60 million to Rogan’s rumoured $250 million. This particular gender pay gap was recently reduced when Cooper took the podcast to SiriusXM for $125 million.
A Harris appearance on Rogan’s podcast could give her a larger audience than Cooper’s and parallel access to young male listeners.
‘Here’s the thing …’
Soft or smart?
Harris’ decision to be interviewed on a podcast aimed at young women brought criticism from those who saw it as the “soft option”, as well as those who don’t rate young women or approve of talk of sex.
The same commentators seem to have overlooked that for the last year, Trump has been wooing the “manosphere” and has called in to friendly bro-casts such as This Past Weekend with Theo Von. In other podcasts like Full Send, Trump has had scope for friendly freewheeling banter on topics from Ice Spice to golf.
In the journalistic tradition of podcasts since Serial, Cooper revealed her process and opened her interview with Harris by sharing the reasoning behind her line of questioning. “Let’s be real, I’m probably not the one to be having the fracking conversation,” she deadpanned.
Harris said she went on the podcast “to be real, you know, and to talk about the things that people really care about”. There were moments of genuine emotion, such as anger and compassion at the death of a young woman, Amber Thurman, in Georgia in the wake of the US’s newly restrictive abortion laws. Yet at times Harris still sounded rehearsed, in the manner of people in the public eye required to repeatedly answer similar questions and give similar speeches.
The risk to a politician is that the authenticity and intimacy for which podcasting is known could just as well work against them – a lack of “realness” becomes amplified through headphones, straight into the listeners’ ears.
While Harris’ cadence sounded like familiar speechifying near the end, perhaps her anecdotes were new to sections of Cooper’s audience. For all the claims that a focus on the concerns of women made for a “soft interview”, it was also a timely reminder of the centrality of reproductive freedom to women’s lives and the election.
The risks of the interview were more Cooper’s, who hinted at the prospect of losing listeners by interviewing a politician while wanting Call Her Daddy to be “a place where everyone feels comfortable tuning in”. This is a pertinent concern for her as much of the program’s initial popularity was built on Barstool, a media company known for its conservative leanings.
A different listener
The question remains: is appearing on extremely popular podcasts with young audiences a good political strategy for Harris? The positives of appearing on Call Her Daddy were clear, given Cooper’s main audience of young women is generally more politically engaged and motivated to vote than young men.
Rogan’s audience is 81% male with 34% aged 18–35. Making a connection with young men could prove trickier for Harris within the “bro-ey”, jokey framework of the Joe Rogan Experience than it was with Cooper.
A lot will depend on Harris’ interaction with the host, but Rogan is not known for hostile interviewing and Harris is experienced in connecting with people from a range of backgrounds. And her recent spot on shock jock Howard Stern’s radio show gave her a chance to share her love of car racing.
In a tight election, which could come down to swing voters in six or seven states, such skills, showcased in the podcasting space, could impact the election. The potential gains seem worth any risks.
Lea Redfern does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.
Stan Original’s newest series is coming to smaller screens, having premiered its first three episodes in September at the Toronto International Film Festival.
Thou Shalt Not Steal follows Aboriginal teen Robyn (played by the immensely talented Sherry-Lee Watson). She escapes juvenile detention and embarks on a defiant road trip from Alice Springs to Adelaide to uncover a long-held family secret.
Fellow outsider Gidge (Will McDonald) comes along for the ride. He has run away from his dodgy preacher dad Robert (Noah Taylor, clearly enjoying his character’s exaggerated grossness, from a perpetually stained singlet to overflowing ashtrays).
In hot pursuit are two incongruous duos. First come detectives Burke and Wills (Shari Sebbens and Darren Gilshenan). Then Robert teams up with the decidely crooked Maxine (played menacingly by Miranda Otto). Where Robert’s deceits are lazily self-serving, Maxine is an outback madam who poses very real dangers to the young people.
‘Some bastards have it coming …’
Thou shalt never go to Coober Pedy
Each episode begins with a tongue-in-cheek lesson from Robyn’s past. These range from the eponymous “thou shalt not steal” to “thou shalt never go to Coober Pedy”.
This deadpan humour cleverly introduces significant issues. There are the inordinate rates of incarceration of Indigenous youth, alcoholism, assault, toxic masculinity, bullying and weaponised religion, among others.
These themes are particularly pertinent in the Northern Territory, where Thou Shalt Not Steal was both set and shot. Earlier this year the NT city of Alice Springs initiated a youth curfew and the territory has now reportedly lifted its ban on using “spit hoods” on young people.
This context means some of the laughs in the series are uncomfortable. But comedy is a well-established vehicle for social justice and the show remains focused on the heroes’ journey, albeit within an important socio-political context.
Over the first six of its eight short episodes, Thou Shalt Not Steal maintains a balance between acerbic comedy and perilous road trip. Its final episodes revel in a series of over-the-top scenarios that nevertheless tie up narrative loose ends in an enjoyable way.
Indeed the shift to outright absurdity reveals the show’s gentler message: about finding a chosen family.
Miranda Otto and Noah Taylor’s characters are dangerous for different reasons. Stan
In that show, the Robin Hood mythology falls to 13-year-old Alice Springs’ local, Robbie (Pedrea Jackson). The same desert-dry humour articulates the charming teen’s well-intentioned misadventures through a variety of legal and familial landscapes.
Alice Springs (Mparntwe) is not just a recurrent muse for Rivers; it is also where he grew up, as the son of award-winning filmmakers Penelope McDonald and Warwick Thornton. Rivers has noted that, while his family actively supports each other, they are also “competitive”, pushing each other to produce their best work.
The series is set in Central and Southern Australia in the winter of 1980. Stan/Ian Routledge
Slick and self-aware
Having worked previously with his parents on multiple productions, Thou Shalt Not Steal is also something of a family affair. Co-created and co-written with cousin Tanith Glynn-Maloney, who also serves as executive producer, Thou Shalt Not Steal was developed during COVID lockdowns. The duo slowly developed the premise and the first two episodes over two years, before securing investment and support.
The result is a slick, well-made series with terrific attention to detail. The gorgeous landscapes contrast with the dank, grimy spaces occupied by the antagonists. The soundtrack is its own treasure trove, ranging from Slim Dusty to the Yamma Family and the Warumpi Band, and always in perfect alignment to the scenes. The chorus of “almost the end, almost the end!” is a highlight in the last episode.
[…] shy away from being a bit cheesy, being a bit self-aware, and being over the top at times. Hopefully there’s twists and turns that people don’t expect. But it was very consciously, like, let’s have fun.
Thou Shalt Not Steal is most definitely a fun ride.
Thou Shalt Not Steal is streaming on Stan from today.
Kelly McWilliam does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.
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The final long form prospectus is accessible through SEDAR+
VANCOUVER, British Columbia, Oct. 16, 2024 (GLOBE NEWSWIRE) — Anthem Citizen Real Estate Development Trust (the “REDT”) announced today that it has received expressions of interest and commitments that in the aggregate are expected to achieve the maximum offering amount of C$82 million and has filed with the securities regulatory authorities in each of the provinces and territories of Canada, and obtained a receipt for, a final prospectus (the “Prospectus”) for an initial public offering of its trust units (the “Offering”).
It is expected that the Offering will close on October 29, 2024.
The REDT is a newly created, unincorporated investment trust and was established for the primary purpose of indirectly owning an interest in a mixed-use, transit-oriented development project (the “Project”) located in Burnaby, British Columbia. The Project comprises 372 condominium units, 200 market rental units, 73 non-market, affordable rental units, 176 hotel suites and 4,881 square feet of retail space. The Project is currently beneficially owned by a subsidiary of Anthem Developments (Canada) Ltd. and its non-managing, co-investment partner.
CIBC World Markets Inc. (the “Agent”) is the sole agent for the Offering.
This press release does not constitute an offer to sell or the solicitation of an offer to buy securities of the REDT in the United States, nor shall there be any sale of the securities of the REDT in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities described herein have not been and will not be registered under the United States Securities Act of 1933, as amended (the “1933 Act”), and may not be offered or sold within the United States unless registered under the U.S. Securities Act and applicable state securities laws or pursuant to exemptions from the registration requirements of the U.S. Securities Act and applicable state securities laws.
This Offering is only being made to the public by prospectus. Access to the Prospectus and any amendment to the Prospectus is provided in accordance with securities legislation relating to procedures for providing access to a prospectus and any amendment. The Prospectus is accessible on SEDAR+ at http://www.sedarplus.com. An electronic or paper copy of the Prospectus and any amendment to the Prospectus may be obtained, without charge, from CIBC World Markets Inc. by telephone at 1-416-956-6378 or by email at mailbox.canadianprospectus@cibc.com, by providing such contact with an email address or address, as applicable. Investors should read the prospectus before making an investment decision.
Anthem Citizen Real Estate Development Trust
Anthem Citizen Real Estate Development Trust was formed for the primary purpose of indirectly owning an interest in the development of a mixed-used, transit-oriented development project in Burnaby, British Columbia expected to develop and operate a building containing 372 condominium units, 200 market rental units, 73 non-market, affordable rental units, 176 hotel suites and 4,881 square feet of retail space.
Forward-Looking Statements
This news release contains statements that include forward-looking information within the meaning of Canadian securities laws. These forward-looking statements reflect the current expectations of the REDT regarding future events, including statements concerning commitments and expressions of interest in connection with the Offering, the use of proceeds of the Offering, the timing of closing of the Offering, and expectations with respect to the development of the Project. In some cases, forward-looking statements can be identified by terms such as “may”, “might”, “will”, “could”, “should”, “would”, “occur”, “expect”, “plan”, “anticipate”, “believe”, “intend”, “seek”, “aim”, “estimate”, “target”, “project”, “predict”, “forecast”, “potential”, “continue”, “likely”, “schedule”, or the negative thereof or other similar expressions concerning matters that are not historical facts.
Material factors and assumptions used by management of the REDT to develop the forward-looking information include, but are not limited to, the REDT’s current expectations about: real property ownership and revenues; construction and development risk; obtaining necessary building permits for the Project; the realization of property value appreciation and timing thereof; the inventory of mixed-use properties; competition from developers of mixed-use properties; the Burnaby, British Columbia real estate market; government legal and regulatory changes; property encumbrances relating to the Project; significant fixed expenditures and fees in connection with the maintenance, operation and administration of the Project; closing and other transaction costs in connection with the acquisition and disposition of the Project; the availability of financing and current interest rates; revenue shortfalls; assumptions about rental growth rates, hotel occupancy and average daily rates in the Canadian mixed-use real estate market; demographic trends; fluctuations in interest rates; litigation risks; the relative illiquidity of real property investments; the Canadian economic environment; the geographic concentration of the REDT’s business; natural disasters and severe weather; demand levels for mixed-use properties in the metro Vancouver area and local economic conditions; negative geopolitical events; public health crises; the capital structure of the REDT; distributions; capital depletion; potential conflicts of interest; reliance on the good faith and ability of the Project’s project manager to manage and operate the Project; reliance on property management companies; the limited operating history of the REDT; the limited experience of management of the REDT with respect to managing a reporting issuer; the limited liquidity of the Class A Units and Class F Units; and tax laws. While management of the REDT considers these assumptions to be reasonable based on currently available information, they may prove to be incorrect.
Although management believes the expectations reflected in such forward-looking statements are reasonable and represent the REDT’s internal projections, expectations and beliefs at this time, such statements involve known and unknown risks and uncertainties that may be general or specific and which give rise to the possibility that expectations, forecasts, predictions, projections or conclusions will not prove to be accurate, that assumptions may not be correct and that objectives, strategic goals and priorities may not be achieved. A variety of factors, many of which are beyond the REDT’s control, could cause actual results in future periods to differ materially from current expectations of estimated or anticipated events or results expressed or implied by such forward-looking statements. Such factors include the risks identified in the Prospectus, including under the heading “Risk Factors” therein. Readers are cautioned against placing undue reliance on forward-looking statements. Except as required by applicable Canadian securities laws, the REDT undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events.
Anthem is a real estate development, investment and management company that strives, solves and evolves to create better spaces and stronger communities, with more than 385 residential, commercial, and retail projects. Founded in 1991, Anthem is a team of 800 people, with a diverse portfolio consisting of 41,700 homes, 11.5 million square feet of retail, industrial and office space and has developed more than 60 communities across 9,800 acres of land across in Alberta, British Columbia, Ontario and California. We are Growing Places.
Source: United States Senator for Kansas Roger Marshall
“Democrats failed to appreciate that there’s no such thing as a free entitlement expansion.”
Washington, D.C. – The Wall Street Journal’s Editorial Board recently published a piece titled, “A Medicare Election Bribe for Seniors.” In the piece, the Editorial Board exposes a new Harris-Biden Administration subsidy for large insurance companies as a deficit-busting, cynical attempt at influencing American seniors ahead of the November election.
You may click HERE or on the image above to read the Editorial Board’s take on this Harris-Biden Administration policy.
Topline takeaways from the article:
The Biden-Harris Administration “announced lower Medicare prescription drug premiums, which will naturally be paid for by taxpayers.”
“The political irony is that Biden officials are increasing subsidies to insurers they otherwise vilify to mitigate pre-election harm from the Inflation Reduction Act.”
“CMS uses a complicated formula to subsidize premiums, but healthcare analysts projected that premiums would rise by hundreds of dollars.”
“Insurers projected that Part D premiums would balloon next year, when the $2,000 cap and other freebies kick in. Providing basic Part D benefits next year is estimated to cost $179.45 a month on average, up from $64.28 this year and $34.71 in 2023, according to CMS.”
“Some insurers warned they might exit the market to avoid losing money. Seniors are notified of the premium spikes before open enrollment begins in mid-October. Talk about a surprise bill.”
The nonpartisan Congressional Budget Office (CBO) estimates this plan would cost taxpayers an extra $5 billion next year alone. You may click HERE to read CBO’s analysis of this policy.
Source: United States Bureau of Alcohol Tobacco Firearms and Explosives (ATF)
Former Highest Ranking Law Enforcement Official in Mexico Took Millions of Dollars in Bribes from the Sinaloa Cartel and Enabled Transportation of More Than One Million Kilograms of Cocaine to the United States
Breon Peace, United States Attorney for the Eastern District of New York, Anne Milgram, Administrator, U.S. Drug Enforcement Administration (DEA), and Katrina W. Berger, Executive Associate Director, Homeland Security Investigations (HSI), announced the verdict.
“Today’s sentencing of Genaro Garcia Luna is a critical step in upholding justice and the rule of law. His betrayal of the public trust and the people he was sworn to protect resulted in more than one million kilograms of lethal narcotics imported into our communities and unleashed untold violence here and in Mexico. This sentence sends a strong message that no one, regardless of their position or influence, is above the law.” stated United States Attorney Peace. “After years of destructive narcotrafficking and deceit, Garcia Luna will spend nearly 40 years where he belongs: federal prison.”
“Today’s sentencing of Mexico’s former Secretary of Public Security, Genaro Garcia Luna, sends a clear message to corrupt leaders around the world who use their positions of power to help the cartels: no amount of power will shield you from justice,” said DEA Administrator Anne Milgram. “Garcia Luna accepted millions of dollars in bribes from the Sinaloa Cartel to allow millions of kilograms of cocaine to flood the streets of the United States. Instead of protecting the citizens of Mexico, Garcia Luna was protecting drug cartels. The DEA will continue to relentlessly pursue drug trafficking organizations and those who protect them.”
“Today’s sentencing sends a powerful message that no one is above the law,” said HSI Executive Associate Director Katrina W. Berger. “HSI continues its partnered commitment to disrupting and dismantling the criminal networks responsible for bringing deadly narcotics into the U.S.”
As proven at trial, from 2006 to 2012, Garcia Luna was Mexico’s top law enforcement official, serving as Secretary of Public Security and, in that capacity, controlled Mexico’s Federal Police Force. Previously, from 2001 to 2005, the defendant was the head of Mexico’s Federal Investigative Agency (AFI). The defendant used his official positions to assist the violent Sinaloa Cartel (the Cartel) in exchange for millions of dollars in bribes. Garcia Luna’s conduct included facilitating safe passage of the Cartel’s drug shipments, providing sensitive law enforcement information about investigations into the Cartel and helping the Cartel attack rival drug cartels, thereby facilitating the importation of multi‑ton quantities of cocaine and other drugs into the United States.
In exchange for bribes, the defendant’s Federal Police Force acted as bodyguards and escorts for the Cartel, allowing Cartel members to wear police uniforms and badges and helping to unload shipments of cocaine from planes at Mexico City’s airport, then delivering the cocaine to the Cartel. The defendant was paid in U.S. currency, stuffed variously in suitcases, briefcases and duffel bags. The bribe amounts increased over the years as the Sinaloa Cartel grew in size and power through the assistance of the defendant. Former members of the Cartel testified that bribe money was handed off to the defendant in a variety of locations, including at a “safe house” located in Mexico City where large amounts of cash were hidden in a false wall, at a car wash in Guadalajara and at a French restaurant in Mexico City across the street from the U.S. Embassy. Further, in exchange for the millions of dollars in bribes, the defendant’s Federal Police Force leaked sensitive information that enabled the Cartel to evade detection by law enforcement or use the information in attacks on rival traffickers. Finally, after moving to the United States in 2012, Garcia Luna submitted an application for naturalization in 2018, in which he lied about his past criminal conduct on behalf of the Cartel in an attempt to become a U.S. citizen.
In connection with post-trial proceedings, the Court also found that, while he was awaiting sentencing, Garcia Luna obstructed justice when he sought to bribe fellow inmates to provide false testimony in an attempt to overturn the jury’s verdict.
The investigation was led by the New York Strike Force, a crime-fighting unit comprising federal, state and local law enforcement agencies supported by the Organized Crime Drug Enforcement Task Force and the New York/New Jersey High Intensity Drug Trafficking Area. The Strike Force is based at the DEA’s New York Division and includes agents and officers of the DEA, New York City Police Department, New York State Police, Homeland Security Investigations, U.S. Internal Revenue Service Criminal Investigation Division, Bureau of Alcohol, Tobacco, Firearms and Explosives, U.S. Customs and Border Protection, U.S. Secret Service, United States Marshals Service, New York National Guard, Clarkstown Police Department, U.S. Coast Guard, Port Washington Police Department and New York State Department of Corrections and Community Supervision.
HSI New York’s El Dorado Task Force (EDTF) played an important role in this investigation. The EDTF is comprised of more than 200 law enforcement personnel representing approximately thirty-five (35) federal, state, and local law enforcement and regulatory agencies, including the DEA.
The government’s case is being handled by the Office’s International Narcotics and Money Laundering Section. Assistant U.S. Attorneys Saritha Komatireddy, Erin Reid, Ryan C. Harris, Philip Pilmar and Adam Amir are in charge of the prosecution, with the assistance of Paralegal Specialists Huda Abouchaer and Melissa Bennett.
Source: People’s Republic of China – State Council News
Full Text: Remarks by Chinese Premier Li Qiang at the 23rd Meeting of the Council of Heads of Government of Member States of the Shanghai Cooperation Organization
ISLAMABAD, Oct. 17 — Chinese Premier Li Qiang on Wednesday delivered a speech at the 23rd Meeting of the Council of Heads of Government of Member States of the Shanghai Cooperation Organization.
The following is the full text of the speech:
Remarks by H.E. Li Qiang
Premier of the State Council of the People’s Republic of China
At the 23rd Meeting of the Council of Heads of Government of
Member States of the Shanghai Cooperation Organization
Islamabad, October 16, 2024
Your Excellency Prime Minister Shehbaz Sharif,
Colleagues,
It is a great pleasure to meet you in Islamabad, the beautiful “city of gardens.” At the outset, I wish to express my appreciation to Prime Minister Shehbaz Sharif and the government of Pakistan for your meticulous preparations and thoughtful arrangements for this meeting. I welcome Prime Minister Roman Golovchenko of Belarus, a new member state of the Shanghai Cooperation Organization (SCO).
Over the past year, governments of the member states of the SCO have actively responded to and implemented the common understandings of the Council of Heads of State, carried out solid cooperation in such areas as economy, trade, security and people-to-people exchanges, reached dozens of cooperation documents, and formulated more than 10 reform measures. Fruitful outcomes have been achieved. The member states have forged ahead steadily and side by side on a collective journey to promote security and development. Unlike most international organizations, the SCO has both a Council of Heads of State and a Council of Heads of Government. As it happens, the specific institutional design, with the Council of Heads of State drawing up the blueprint and the Council of Heads of Government focusing on implementation, has been effective, practical and efficient, and has made the SCO an important platform for maintaining peace and stability in the region and promoting development and prosperity of nations.
At the Astana Summit held last July, President Xi Jinping and fellow leaders of member states reached important understandings on jointly building a common home of the SCO featuring solidarity and mutual trust, peace and tranquility, prosperity and development, good-neighborliness and friendship, and fairness and justice. This endeavor to build a common home is driven by the values we all share; it focuses on the tough issues we all face, and will help create a future we all desire. In my view, this common vision entails efforts in the following five aspects:
First, efforts to build an even more solid political foundation. The fundamental reason why the SCO has stayed vibrant since its inception is that we have upheld the Shanghai Spirit, a vital political consensus, and endeavored to be trustworthy and reliable partners for each other. No matter how the international landscape may evolve, SCO cooperation in various fields will move forward steadily as long as the Shanghai Spirit remains entrenched.
Second, efforts to provide more reliable security safeguards. As we speak, geopolitical conflicts, power politics and acts of bullying continue to undermine regional peace and stability, while on such fronts as cyber security and biosecurity, new threats and new challenges continue to emerge. No country is immune, and the only true security is security for all. Only by further improving the mechanisms and tools to tackle threats and challenges can we provide better safeguards for common development.
Third, efforts to foster closer economic bonds. The SCO’s continuous expansion of membership in recent years has created more notable economic complementarity among member states. By deepening our economic ties, resisting external attempts of pulling us apart, and tapping into and pooling our respective strengths in resources, market and industries, we will be able to foster even stronger synergy for development.
Fourth, efforts to cultivate stronger emotional bonds. Our region is home to diverse and splendid civilizations, where different nations and cultures have interacted and converged with each other throughout the course of history and coexisted in harmony. This has been the source of popular support for cooperation among SCO member states. We need to further promote mutual learning among civilizations and cultural exchanges so as to enhance mutual understanding and friendship between the people of SCO member states.
Fifth, efforts to boost coordination in multilateral fora. Embracing 26 countries from three continents, the SCO family is a constructive force that carries important global influence. With our commitment to the purposes and principles of the U.N. Charter, and our enhanced communication and coordinated actions, SCO member states will better rally the developing world in promoting a more just and equitable global order.
As president of the SCO for 2024-2025, China has introduced “Upholding the Shanghai Spirit: SCO on the Move” as our slogan. The goal is to engender effective actions among ourselves to deliver on the agreement of our heads of state and realize the vision of building a common home featuring solidarity and mutual trust, peace and tranquility, prosperity and development, good-neighborliness and friendship, and fairness and justice. In this connection, China proposes the following four points.
First, enhancing strategic synergy for our shared purpose. Pursuing peaceful development is the abiding purpose of the SCO. We should stay grounded in the fundamental and long-term interests of the region, bear in mind the big picture and keep external disruptions at bay. Our best efforts must be directed toward mapping out the SCO’s development strategy for the next decade and drawing up roadmaps for cooperation in various areas. Member states should step up strategic communication, bridge differences and boost mutual trust through dialogue, and pool strengths for unity.
Second, expanding practical cooperation in line with development needs. The year 2025 will be the SCO Year of Sustainable Development. China stands ready to deepen cooperation with all sides in poverty reduction, digital economy and green development, to generate sustained momentum for development. We should continue to draw impetus from openness and cooperation, boost the region’s trade and investment facilitation and connectivity, and maintain stable and smooth industrial and supply chains. Active efforts should be made to establish an SCO development bank in order to provide financing support for countries in their pursuit of development.
Third, proactively addressing major risks. Our region continues to face grave security issues. The fight against terrorism, separatism and extremism remains a long-term, arduous task, and various challenges lie ahead in such areas as safeguarding information security and combating transnational organized crime. China stands ready to work with all sides to strengthen intelligence sharing and joint operations, move faster to build a universal center to address the challenges and threats to the security of SCO member states and the Anti-Drug Center, and strive for major outcomes at next year’s summit, so that we can put in place new platforms and a new architecture for regional security cooperation.
Fourth, expanding people-to-people exchange to meet popular expectations. We should fully leverage the role of the SCO Committee on Good-Neighborliness, Friendship and Cooperation, develop an effective SCO digital education alliance, organize excellent events under our flagship programs such as the Forum on People-to-People Friendship and the Forum on Friendship Cities, the Forum on Women, and the Art Exhibition of Young Artists, and increase our peoples’ participation and sense of fulfillment, to keep people-to-people friendship strong for generations to come.
Colleagues,
As an ancient Chinese saying goes, “Those who take real actions are more likely to succeed, and those who hit the road are more likely to reach the destination.” Let’s continue to carry forward the Shanghai Spirit, pull together, and take practical and determined steps. Let’s get on the move to deliver on our responsibility, build prosperity and usher in a better future for our common home.
Ukrainian President Volodymyr Zelensky on Wednesday presented to parliament his “victory plan,” outlining Ukraine’s strategy in the ongoing conflict with Russia.
“If we begin implementing this Victory Plan now, we could end the war no later than the next year,” Zelensky was quoted by the Interfax-Ukraine news agency as saying.
Zelensky said the five-point plan covers geopolitical, military, economic, and security goals, emphasizing that inviting Ukraine to join the North Atlantic Treaty Organization in the “near future” is its key element.
Other proposals include lifting the current restrictions hindering Ukraine from using long-range Western weapons on targets inside Russia and placing a comprehensive non-nuclear strategic deterrence package in Ukraine, Zelensky said.
He also said the document envisages that Ukraine will jointly protect, use and invest in its critical resources with partners.
Besides, Kiev stands ready to replace U.S. military contingents in Europe with Ukrainian units after the end of the conflict, according to the plan, which also contains three classified annexes.
This photo shows the United Nations Interim Force in Lebanon (UNIFIL) during their patrol in Marjeyoun, Lebanon, on May 26, 2024. [Photo/Xinhua]
Sixteen countries of the European Union (EU) contributing troops to the United Nations Interim Force in Lebanon (UNIFIL) have agreed to increase political and diplomatic pressure on Israel to avoid further incidents involving the mission.
This decision was reached after a videoconference led by Italy’s Defense Minister Guido Crosetto and French counterpart Sebastien Lecornu on Wednesday, amidst escalating clashes between the Israeli Defense Force (IDF) and Hezbollah in southern Lebanon.
The videoconference involved key EU nations, including Ireland, Germany, Spain, Austria, and Greece, among others.
These countries collectively condemned attacks on UNIFIL bases, which have endangered the safety of the mission’s over 10,000 personnel coming from 48 countries, and urged Israel to take preventive measures to ensure no more such incidents occur.
The Italian defense ministry said in a statement that a key conclusion of the meeting was “the shared will to exert utmost political and diplomatic pressure on Israel, so that no further incidents occur.” Meanwhile, the statement also stressed that Hezbollah cannot use UNIFIL personnel as a shield in the context of the conflict.
The call followed a series of IDF strikes on UNIFIL positions in southern Lebanon since Oct. 9, which resulted in injuries to several peacekeepers.
Although Israel had asked UNIFIL to withdraw its troops within 5 km of the Israeli-Lebanese border, which would mean leaving all UNIFIL positions in south Lebanon, all countries contributing to the mission declined.
On Wednesday, the EU countries reiterated their commitment to maintaining a stable UNIFIL presence in the region and asserted that any changes to the mission’s future should be decided collectively by the UN.
Starting Wednesday, foreign residents living in Hong Kong and Macao can apply for multiple-entry visas to the Chinese mainland with a validity period of up to five years by following a simplified procedure, according to the central government. The Office of the Commissioner of the Ministry of Foreign Affairs in the Hong Kong Special Administrative Region announced on Wednesday that non-Chinese Hong Kong permanent residents and non-Chinese Hong Kong residents who are traveling to the mainland for tourism, business, family visits or cultural and academic exchanges can apply for a visa valid for up to five years, which will allow them to stay on the mainland for up to 180 days. Under the new arrangement, applicants are not required to provide proof of round-trip tickets or hotel reservations when applying for visas, the office said. Those who successfully applied for visas from overseas Chinese visa-issuing authorities and had their fingerprints collected during the process will be exempted from fingerprint collection when applying from Hong Kong, the office added. The office stressed that the validity of the visa and duration of stay will be decided case by case, and applicants may also be asked to submit additional documents or attend interviews. The visa policy does not apply to foreign domestic helpers, the office noted. Also on Wednesday, the Office of the Commissioner of the Ministry of Foreign Affairs in the Macao SAR announced a similar optimization for permanent and temporary foreign residents of the city. People who apply from Macao for short-term activities such as tourism, trade and family visits can get visas with a validity period of five years and a stay for no more than 180 days, the office said, adding that proof of outbound transportation and hotel bookings are no longer required under the new arrangement. Starting July 10, non-Chinese permanent residents of both Hong Kong and Macao can apply for a new mainland travel permit, which allows multiple entries into the mainland within a five-year validity period, with each stay capped at 90 days.
World Mental Health Day on 10 October is a time to put mental health in the spotlight, raise awareness and break down stigma.
This year for Mental Health Australia’s World Mental Health Day campaign we have focussed on why meaningful connections matter, and why they are so important for good mental health.
At the heart of our campaign are the voices of those with lived and living experience of mental ill-health.
12 advocates from across the country have shared their experiences of how meaningful connections have shaped their mental health journey and supported them on the road to good mental health.
From Outback Queensland to Australia’s capital, these stories show us that regardless of income or postcode, mental health is an issue that touches each and every one of us in different ways.
Mr Butler said, “The consumer voice, the carer voice, are incredibly important in making sure we get the design and the implementation of mental health programs – perhaps more than any other area of health – right.”
“I want to thank all of you for the work that you do. These are really tough times. We’ve gone through an incredibly traumatic period with the pandemic that really impacted people’s mental health, impacted young people’s and children’s mental health, in some ways in a way that we hadn’t seen before, with the impact particularly of lockdowns, and that’s been followed by other crises… You have the best ideas of how we can do better to support people in mental distress, whether that’s relatively temporary mental distress or whether it’s lifelong relatively severe mental illness. I just want to thank you again for coming out this morning. I want to thank you for putting together this terrific expo.”
In one of the last federal parliamentary sitting weeks of 2024, our members were able to showcase the incredibly important work of their organisations to parliamentarians, feature sector achievements, and promote the availability of mental health supports and services in local electorates.
By building these meaningful connections in a bipartisan way, mental health sector professionals, policymakers and people with lived and living experience of mental ill-health, along with their family, carers and supporters, can all work together to continue building a mental health system that supports the needs of all people in Australia.
The next federal general election will be conducted on new electoral division boundaries in Victoria after a notice was published today in the Commonwealth Government Notices Gazette.
While final names and boundaries for House of Representatives seats in Victoria were announced on Thursday 5 September 2024, today’s gazettal is the step that formally sets them in place. Today’s gazettal also provides people with further details about the boundaries.
Maps and geospatial data for the new electoral divisions now available.
More detailed division maps and the final redistribution report will be available after the Minister has tabled material in both houses of Parliament.
Editor’s notes:
People on the electoral roll who are affected by the redistribution will now be moved into their new federal electoral division in readiness for the election. No action is necessary.
While the new electoral divisions will be in place from Thursday 17 October 2024, they will only apply from the next federal election onwards. Any federal by-election conducted before that point must be conducted on existing divisions to avoid overlap in, or missing, representation.
Two films celebrating the dedication and tenacity of Korean and South Australian performers with and without disability will hit the big screen as part of the Asia-focused arts festival OzAsia.
Counterpoise,which features nine artists from Adelaide-based Restless Dance Theatre and the Korean 29Dong Dance Theatre, is a contemporary black and white dance film created at the height of the COVID-19 pandemic.
Directed by Larissa McGowan and Matt Byrne, the 20-minute dance film highlights the noise of life, as well as quiet loneliness within ourselves. Counterpoise’s detailed choreography melded with electrifying music by KOREAN MUSIC PROJECT using a combination of traditional and western instruments embedded with digital technology.
Dancing Against the Odds, a documentary directed by Adelaide filmmaker Matt Byrne, follows the innovative and inclusive journey of making Counterpoise over three years. Produced by University of South Australia arts management experts Dr Boram Lee and Professor Ruth Rentschler OAM, the 60-minute film embraces diversity, inclusion and self-expression.
The project began in 2020, when dancers could only collaborate virtually due to COVID-19. It wasn’t until 2022, when members from the three companies – Restless, 29Dong Dance Theatre, and KOREAN MUSIC PROJECT – could meet face-to-face in Adelaide for the first time and continue the bonds formed online.
In 2023, Restless Dance Theatre had the opportunity to travel to Seoul, reuniting the team for a public preview of Counterpoise and workshops with Korean artists with and without disabilities. This journey not only expanded the project’s reach but also nurtured community connections, inspiring a deeper appreciation for inclusive arts.
Dr Boram Lee says the project connected people across Australian and Korean borders to help foster a network of inclusivity and diversity through the arts.
“After a three-year saga of overcoming international borders, language barriers, and perceptions of disability, we’ve transformed the impossible into a breathtaking reality,” she says.
“This collaboration showcases the incredible power of public initiatives, made possible by the steadfast support of the Korean and Australian governments and our diverse partners.
“With multiple layers of collaboration among dancers, musicians, academics and filmmakers, we’ve fostered deep people-to-people connections, and we’re excited to share our learning with communities around the world.”
Professor Ruth Rentschler OAM says the project embraced diversity, inclusion and self-expression to help shift stereotypes around the capabilities of artists with disability.
“These films present disability in a new light. They showcase what the dancers can do rather than focusing on what they can’t do,” she says.
Counterpoise and Dancing Against the Odds is supported by the Korean Ministry of Culture, Sports and Tourism, and KOFICE as part of Kore·A·Round Culture 2023, the Australian Department of Foreign Affairs and Trade through the Australian Cultural Diplomacy Grants Program, Australia-Korea Foundation, and Arts South Australia.
Screening of the two films Counterpoise and Dancing Against the Odds
When: Tuesday 29 October, 5:45pm
Where: Palace Nova East End, Adelaide
The screening will be followed by an artists’ talk moderated by Prof Ruth Rentschler and including selected dancers in the film, and Dr Boram Lee.
Te Pāti Māori Co-leaders Rawiri Waititi and Debbie Ngarewa-Packer welcome today’s ruling from the Advertising Standards Authority (ASA), which found that a Hobson’s Pledge advertisement regarding customary marine titles was misleading and socially irresponsible.
The two-page wraparound ad, published in The New Zealand Herald, suggested that nearly the entire coastline of Aotearoa is under threat of being awarded to Māori through customary marine titles, implying that this would lead to widespread restrictions on public beach access.
The ASA upheld more than 650 complaints, stating that Hobson’s Pledge’s claims were materially misleading and failed to substantiate their arguments. The Board also recognised that the advertisement unnecessarily perpetuated fear, further marginalising Māori.
“This is exactly the kind of divisive and racist rhetoric that has no place in Aotearoa,” says Te Pāti Māori Co-leader Rawiri Waititi.
“Hobson’s Pledge is playing on misinformation to sow fear and division. This campaign feeds into the age-old tactic of pitting Pākehā against Māori in an attempt to undermine Māori rights that are legally recognised, culturally significant, and protected under Te Tiriti o Waitangi.”
“The ruling highlights what we already knew—that this ad was not only misleading but also socially irresponsible on the part of Hobson’s Pledge and NZME,” said Co-leader Debbie Ngarewa-Packer.
“NZME and advertising outlets must take responsibility for the content they publish and promote, especially when it is harmful to Māori and perpetuates dangerous narratives.”
“It is everyone’s duty to stop giving a platform to this kind of fear-based, racist, and misleading propaganda. It must continue to be called out for what it is,” Waititi said.
“Te Pāti Māori stands strong in protecting the rights of tangata whenua and upholding our responsibilities as kaitiaki. It’s time for all of Aotearoa to stand with us in rejecting these damaging and deceptive campaigns.”
“As we have demanded, NZME must now apologise to all tangata whenua across its platforms. It must apologise to all staff, their standards must be reviewed and there must be a commitment to the protection of tangata whenua,” said Ngarewa-Packer.
“This ruling is a win for the truth and a reminder of our collective duty to honour Te Tiriti. This is the type of rhetoric this government continues to embolden.
“Te Pāti Māori will continue to fight for a future where Māori rights are respected, and all New Zealanders understand the truth about our shared history and our collective path forward,” she said.
Source: Hong Kong Government special administrative region
The Hong Kong Observatory (HKO) will hold the HKO Open Day on November 30 and December 1 (Saturday and Sunday), with the theme “Working Together for a Better Climate”.
This year marks the 75th anniversary of the founding of the People’s Republic of China. The Open Day activities will not only showcase the various services of the HKO and enhance public understanding and awareness of climate change and extreme weather, but they will also provide a brief overview of the long-standing collaboration between the HKO and meteorological authorities in Mainland China and around the world over the years.
Online pre-registration is required for the Open Day activities. Each applicant may request a maximum of four tickets free of charge. If there is an oversubscription, selection will be made by computer balloting. The online registration system will accept applications from today (October 17) to noon on November 1. Successful applicants will receive tickets with a QR code by email on or before November 16.
Open Day details:
Venue: Hong Kong Observatory Headquarters (134A Nathan Road, Kowloon) Date: November 30 and December 1 (Saturday and Sunday) Time: 9.30am to 5pm Remarks: The duration of each session is around one hour
Headline: Workshops to help new councillors Hit the Ground Running
Published: 17 October 2024
Released by: Minister for Local Government
A series of training sessions for almost 1,300 newly elected councillors will kick off today to provide essential information for councillors to effectively serve their communities over the next four years.
The Office of Local Government will be hosting ‘Hit the Ground Running’ webinars for several weeks to help new and returning councillors understand their duties and responsibilities.
The webinars will cover a wide range of important topics including financial management, appropriate conduct and ethical decision making, roles and responsibilities, corruption risks and prevention, meeting practices and strategic planning.
The state’s 128 councils employ more than 50,000 people, invest more than $15 billion each year in the delivery of services and around $7 billion on new and existing infrastructure.
Overseeing this work is a critical responsibility and these training sessions will ensure councillors can commence the new term of council with a strong understanding of the job ahead of them.
The webinars will also assist councils with satisfying the requirement to deliver training for new and returning councillors within six months of their election. Councillors will receive a certificate of attendance for each webinar they participate in to help councils comply with their reporting obligations regarding councillor training.
“I congratulate all the mayors and councillors elected across the state last month for stepping up to serve their community.
“Being a councillor carries significant responsibility and it’s imperative those who have been elected know what’s expected of them so they can carry out their duties to the best of their ability.
“I strongly encourage all councillors to participate in these webinars to learn more about local government and how they can make the most of their time on council.
“Councillors have four years ahead of them to make a difference for the people they have been elected to represent.
“I urge them to grasp this opportunity with both hands and use the time productively to shape a better future for their community.”
More than 225,000 homes and businesses in South Australia are now able to upgrade to a world-class, full fibre NBN broadband connection thanks to investment from the Albanese Government. The Albanese Government has invested $2.4 billion in NBN Co over four years to give 1.5 million more households and businesses affordable access to full fibre to the premises, including over 660,000 in regional communities. This is on top of our commitment to ensure the NBN remains in public hands, with legislation introduced just this week to ensure the NBN is not for sale. We know that communities across the country are benefitting from high-speed fibre connections, with speeds up to 18 times faster than the average broadband connection over copper. Only by keeping the NBN in public hands will these significant fibre upgrades continue to be delivered to provide access to affordable, world class broadband speeds. Faster connections also enable South Australians to connect more devices simultaneously, such as smart TVs and home security systems, as we conduct our lives increasingly online. Almost 28,000 homes and businesses across the state have already ordered a full fibre upgrade, and demand continues to grow – with Australians using more data than ever. The local government areas of Port Adelaide Enfield, Playford, Charles Sturt, Salisbury and Onkaparinga lead the way with the highest number of fibre connections.
In addition to those already eligible for an upgrade, a further 13,500 premises across the state, will progressively become eligible for full fibre upgrade by the end of 2025. Average data usage in Australia has increased 10 times over the last 10 years, with the average home now downloading over 450 Gigabytes per month across 22 internet-connected or smart devices. By the end of the decade demand is forecast to increase to 1 Terabyte per household monthly. By the end of 2025, more than 10 million premises on the fixed line network will have access to full fibre connections able to deliver speeds up to 1 Gigabit per second. The fibre upgrades are available on demand when an eligible household or small business takes out an eligible higher speed tier plan. To find out if your premises can access full fibre now or in the future, visit:https://www.nbnco.com.au/residential/upgrades/more-fibre#checkaddress. Quotes attributable to Minister for Communications, the Hon Michelle Rowland MP: “Fast and reliable full fibre broadband can be a gamechanger for families and businesses who have struggled with dropouts and slow speeds over copper.”
“It’s essential infrastructure in 2024 – not a luxury. That’s why the Albanese Government has invested $2.4 billion to support NBN Co’s fibre upgrade program, and introduced vital legislation to ensure this critical national infrastructure remains in public hands to keep broadband affordable.” “I encourage households across South Australia to check the NBN Co website to see if you are eligible for a full fibre upgrade to enjoy the benefits of faster broadband speeds at home or work.”
Thailand’s food and beverage (F&B) industry is undergoing a significant shift towards sustainability as regulatory pressures and consumer demands for eco-friendly packaging continue to rise. With sustainability increasingly at the forefront of business strategies, industry leaders like Tetra Pak Thailand are taking significant steps to drive the adoption of circular packaging solutions. Underlining the trend, 90% of respondents in a recent survey stated that they choose sustainable feature as essential/nice to have when deciding to make a purchase*, says GlobalData, a leading data and analytics company.
In response to growing environmental concerns, the Thai government has implemented stronger regulations targeting waste reduction and promoting circularity. The Second National Action Plan on Plastic Waste (2022-2027) and the Sustainable Packaging Act are part of the government’s broader effort to tackle plastic waste and improve recycling rates. These regulations compel F&B manufacturers to adopt Extended Producer Responsibility (EPR) frameworks, ensuring that packaging is responsibly managed from production through disposal.
Kakarlapudi Karthik Varma, Consumer Analyst at GlobalData, comments: “With sustainability becoming a priority for consumers, brands are adapting to meet these expectations. F&B manufacturers are increasingly turning to renewable and recyclable materials as they seek to meet both regulatory requirements and consumer expectations.
“Tetra Pak Thailand has been at the forefront of circular packaging innovations, offering solutions that not only meet regulatory requirements but also align with consumer preferences for eco-friendly packaging. Other manufacturers have also taken initiatives, such as Kao Industrial Thailand’s partnership with SCG Chemicals Co., Ltd (SCGC) and Dow Thailand Group to create recyclable, low-carbon packaging.”
Francis Gabriel Godad, Consumer Business Development Manager, GlobalData India, adds: “Tetra Pak’s four-step approach—focused on resource conservation, energy recovery, operational efficiency, and environmentally neutral production processes—highlights the company’s commitment to advancing sustainability in the F&B industry. Their packaging materials, including FSC-certified paperboard, contribute to the shift towards a circular economy by reducing reliance on fossil fuels and minimizing environmental impact.”
Varma concludes: “With the introduction of the Sustainable Packaging Act and the continuous pressure from consumers, Thailand’s packaging industry is at a turning point. Collaboration among businesses, government entities, and industry leaders like Tetra Pak is crucial in creating a future where packaging is no longer considered waste but a valuable resource within the circular economy.
“The shift towards 100% recyclable and renewable packaging is on the horizon, and stakeholders in the F&B sector must proactively stay ahead of regulatory trends and consumer demands.”
*GlobalData 2024 Q2 Consumer Survey – Thailand was conducted with 502 participants
Three new members are being appointed to the New Zealand Symphony Orchestra Board to help ensure it’s focused on bringing value to New Zealanders, Arts Minister Paul Goldsmith says.
“The trio of new members, James Christmas, Karyn Rachtman and Susannah Robinson, have expertise across fundraising, philanthropy, Crown governance, sector experience and revenue generation.
“James Christmas is a barrister based in Auckland with a background in government and the arts, which will be an asset to the NZSO.
“Karyn Rachtman is a highly experienced music supervisor for iconic film soundtracks. She is a passionate advocate of New Zealand talent which makes her a natural fit for New Zealand’s premier orchestra.
“Susannah Robinson is highly accomplished in fundraising, philanthropy and governance, both in New Zealand and abroad. Susannah’s governance experience in arts and culture has recently included her role as a trustee for the Auckland Art Gallery Foundation.
“I would like to acknowledge the outgoing members, Claire Szabó and Hon Chris Finlayson KC, for the crucial roles they have played on the Board during their terms.”
China’s much-anticipated fiscal stimulus package could amount to somewhere around 10 trillion yuan ($1.4 trillion), which would represent reasonable and moderate funding to address the most immediate issues facing the world’s second-largest economy, policy researchers and advisers said.
They underlined the need for policymakers to avoid any overly massive stimulus that could come at a heavy cost, but instead advance deeper, wider reforms along with the stimulus package to secure a more sustainable transition in growth drivers.
Sheng Zhongming, a research fellow at CF40 Institute, affiliated with the China Finance 40 Forum think tank, said China must confront the key structural issues of local debt risks, government outstanding payables to businesses, real estate concerns and the recapitalization needs of banks.
Effectively addressing these issues will require at least 10 trillion yuan in additional public funds over several years, Sheng said, adding that he anticipates an annual debt swap program of around 2 trillion yuan, with a cumulative total of 5 to 6 trillion yuan required to substantially reduce the debt load in heavily indebted regions.
Charlie Zheng, chief economist at Samoyed Cloud Technology Group Holdings, said that a fiscal stimulus package of around 10 trillion yuan may be essential in 2025 to tackle the key issues highlighted by the finance minister.
The proposed package, which could be financed by ultra-long-term special treasury bonds, would primarily focus on local debt swaps and bank recapitalization, while alleviating the property sector’s challenges and supporting people in difficulties, Zheng said.
However, he emphasized that China should not rely solely on stimulus measures to revive the economy, warning of the potential for high inflation and an imbalance between the State-owned and private sectors that could result from overreliance on government spending.
China must advance reforms to boost the private economy at the same time, Zheng said, urging policy clarity for private entrepreneurs that any business is permissible unless prohibited by law, while explaining to government officials that any governmental behavior is infeasible without legal authorization.
Discussions of the size of China’s stimulus package heated up after Finance Minister Lan Fo’an said on Saturday that the country plans to increase the debt limit by a large scale and replace local government hidden debt, while recognizing there is “relatively large space” for the central government to raise debt and increase the deficit.
The market is waiting for the Standing Committee of the National People’s Congress — the country’s top legislature — to convene in late October or early November to approve the specifics of the plan.
Gong Liutang, a professor of applied economics at Peking University’s Guanghua School of Management, said that if the stimulus package comes to about 10 trillion yuan, it won’t be “overly aggressive” given that China’s annual GDP has reached 126 trillion yuan.
“The key is for the government to comprehensively communicate with the public regarding details of the package as soon as possible so as to provide more certainty to the market and ensure a steadier recovery in confidence,” said Gong, who is also a member of the 14th National Committee of the Chinese People’s Political Consultative Conference, the country’s top political advisory body.
Compared with the stimulus program initiated in 2008, Gong said the latest round of policy buffer should focus more on enhancing consumption and preventing resource misallocation, with increased spending on education, healthcare and social protection, as well as subsidies for low-income and unemployed individuals.
Upon the recent bigger-than-expected policy stimulus announcement, Goldman Sachs has raised its forecast for China’s real GDP growth from 4.7 percent to 4.9 percent this year and from 4.3 percent to 4.7 percent in 2025.
“The Chinese government has clearly made a turn on cyclical policy management and increased its focus on growth,” a Goldman Sachs report said, adding that a significant policy offset is needed next year due to the property market’s lingering drag on GDP growth and the possibility of slowing export growth.
The country’s southernmost province of Hainan plans to issue up to 3 billion yuan ($421.8 million) in offshore renminbi bonds in the Hong Kong Special Administrative Region, marking its third consecutive year of tapping the dim sum bond market.
The People’s Government of Hainan and the Hong Kong Monetary Authority jointly hosted an investor roadshow on Wednesday to promote the bond sale. This follows Hainan raising 5 billion yuan through a mix of green, blue and sustainable bonds last year, and a 5 billion yuan offering in 2022.
This year’s bond sale is expected to include three tranches: a three-year green bond for environmental and social sustainability projects, a five-year bond for general government use, and a 10-year blue bond focusing on ocean-related initiatives.
The pricing of the bonds is expected to take place on Thursday.
Under Secretary for Financial Services and the Treasury of the HKSAR government Joseph Chan Ho-lim said that the sale “marks Hainan’s first 10-year long-term offshore renminbi bond, further enriching Hong Kong’s renminbi financial product offerings and supporting the internationalization of renminbi”.
“For years, Hong Kong has been Asia’s largest international bond issuance center and hosts the world’s largest offshore renminbi liquidity pool,” he added.
Chan noted that Hainan’s bond issuance in Hong Kong demonstrates the SAR’s crucial role as a “superconnector” between the Chinese mainland and the rest of the world, and “super value-adder” in international finance.
Kenneth Hui Wai-chi, the executive director (external) of the Hong Kong Monetary Authority, said the bond structure reflects the mainland authorities’ commitment to sustainable development and the national “30/60 dual carbon” goal, referring to peak CO2 emissions before 2030 and achieve carbon neutrality before 2060.
Hui noted the fundraising amount will be used for critical areas such as marine protection, water pollution control, and projects supporting public welfare in healthcare and education.
The island province posted a 766 billion yuan GDP last year, marking an increase of 9.2 percent year-on-year.
Li Lei, deputy director of the Department of Finance of Hainan province, said that Hainan’s local government debt balance stood at 410.6 billion yuan in 2023, accounting for 54.4 percent of the province’s GDP.
From 2020 to June this year, the Hainan free trade port recorded duty-free imports totaling 20.75 billion yuan, with total tax exemptions reaching 4 billion yuan, Li added.
Source: The Conversation (Au and NZ) – By Nicky Morrison, Professor of Planning and Director of Urban Transformations Research Centre, Western Sydney University
GettyImages
Essential workers such as teachers, health workers and community safety staff play a vital role in ensuring our society works well. Yet soaring housing costs in cities like Sydney, Melbourne and Brisbane are squeezing essential workers out of the communities they serve.
The issue is reaching crisis point across Australia. Anglicare Australia yesterday released a special edition of its Rental Affordability Snapshot focused on essential workers in full-time work. Housing costs under 30% of household income are considered affordable. In a survey of 45,115 rental listings, it found:
3.7% were affordable for a teacher
2.2% were affordable for an ambulance worker
1.5% were affordable for an aged care worker
1.4% were affordable for a nurse
0.9% were affordable for an early childhood educator
0.8% were affordable for a hospitality worker.
This trend is creating unsustainable patterns of urban sprawl and long commutes. It erodes workers’ quality of life. It also undermines public service delivery by making it harder to recruit and retain these workers in high-cost areas.
International experience, particularly in the UK where I have advised on similar policies, shows there are solutions to this crisis. These global lessons fall into four categories.
Essential workers face long commutes from home when they can’t afford to live in the communities they serve. Halfpoint/Shutterstock
1. Define essential worker housing
Essential worker housing typically targets front-line public sector workers on low to middle incomes. Yet eligibility should extend to support roles, such as ambulance drivers, porters and medical receptionists, who play a vital part in enabling front-line services. They too struggle to find affordable housing near their workplaces.
Conditions of eligibility should also include a cap on household earnings.
The UK experience highlights the importance of providing both rental and ownership options. To keep key worker housing affordable and accessible over time, both types need to be priced appropriately.
Australian cities could adopt similar approaches, by requiring housing developers and community housing providers to allocate affordable housing for essential workers. Prices would be below market rates for both rentals and home ownership for the long term, and not revert to market rates. This ensures stability for public service workers.
2. Financial innovations focused on long-term affordability
Innovative financial models, such as shared equity schemes, have succeeded in the UK. These allow workers to gradually buy into their homes, creating long-term stability.
Shared equity involves the government or another investor covering some of the cost of buying the home in exchange for an equivalent share in the property. Australia could explore similar schemes to provide immediate relief while ensuring sustained affordability for future essential workers.
This approach could build on the Commonwealth’s proposed Help to Buy scheme, currently before the Senate, and existing state and territory shared equity programs. These may need refinement to better serve essential workers by, for example, adjusting income thresholds and eligibility criteria to ensure they qualify. These schemes also need to expand to cover all urban areas where housing affordability is most strained.
3. Leverage planning systems
Countries like the UK have leveraged their planning systems to deliver affordable housing for key workers. In England, planning authorities use mechanisms such as Section 106 agreements to ensure a portion of new developments is reserved for key worker housing as a condition of planning approval.
Australian states could adapt this model, setting targets within existing planning frameworks. For example, they could use Voluntary Planning Agreements to prioritise essential worker housing.
Yet essential worker housing should not displace housing for other people in urgent need. They include people who are homeless, low-income families, people with disabilities, the elderly, those at risk of domestic violence, veterans and youth leaving foster care.
4. Use public land for housing development
The use of surplus public land for essential worker housing has proven successful in several cities, including London, Amsterdam and San Francisco.
Earmarking land owned by the public sector, such as hospital or education sites, is a strategic way to deliver affordable housing near key public sector employers. It also allows staff to travel to work nearby using sustainable transport instead of cars.
Affordable housing has profound benefits
Without action, essential workers are likely to be forced into lower-quality, high-cost housing, shared accommodation, or long commutes from more affordable areas. Over time, these patterns of job-housing imbalances and urban sprawl are unsustainable. These issues are the focus of my current research, particularly in Western Sydney.
The New South Wales government has set up a parliamentary select committee to inquire into options for essential worker housing. It’s bringing much-needed attention to the housing crisis affecting key public sector roles.
Tackling these issues through targeted housing solutions has many benefits. It can help create more sustainable communities, reduce recruitment and retention difficulties for employers and ease the strain on infrastructure and services.
The key takeaway from the UK and other countries is the importance of long-term, sustainable solutions that do not shift the focus away from those most in need of housing. Australia has the opportunity to strike this balance. We need to ensure essential workers can afford to live near their workplaces while not sidelining everyone else in need of affordable housing.
Nicky Morrison does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.
Former One Direction band member and solo artist Liam Payne has been found dead outside a hotel in Buenos Aires, media reports have confirmed. Payne was just 31 years old – a loved friend and father.
Alongside his former One Direction band mates Niall Horan, Harry Styles, Louis Tomlinson and Zayn Malik, Payne had a huge influence on popular culture in his home country of the United Kingdom and internationally.
The group formed in 2010 on the British talent show X Factor and stayed together for about five years before officially splitting in 2016. Throughout this time, Payne remained a valuable member of the band and a clear talent in his own right.
Although each member auditioned seperately, they were eventually hand-picked by Simon Cowell to form a group.
After the split (and a brief hiatus from music-making), Payne continued to release music periodically as both a songwriter and collaborator. He most recently released the single Teardrops in March, ahead of an anticipated second solo album.
News of Payne’s death has led to an outpouring of tributes. Like many young people thrust into stardom seemingly overnight, his life wasn’t without controversy. But the response to his death by fans and industry colleagues alike is proof of the impact he had.
The making of a pop supergroup
While One Direction may have not been together for as long as other globally successful acts, their influence far exceeded bands that have been together for decades. They released five studio records – and broke many more, including six Guinness World Records. And even though they didn’t make it to their 10th anniversary together, they had still sold some 70 million records by 2020.
In the years since the split, fans continued to gather, listen and celebrate – with the most recent anniversary (14 years) seeing fan-led events held in Australia and the rest of the world.
It’s easy to dismiss pop music and its influence, especially in the face of what feel like increasingly dire global circumstances. But pop, like many other forms of entertainment, provides a practical way for people to gain momentary pleasure and comfort.
It also provides connection with others – and relief from politics and other daily pressures. For example, one of One Direction’s biggest hits, That’s What Makes You Beautiful, sought to empower young people who might otherwise be overwhelmed by negative messaging.
Within a year of their debut, the group was met with massive crowds of fans almost everywhere they want.
One Direction has been compared to The Beatles in terms of their influence on young people – and female and queer fans in particular.
The impact on fans when their idol dies
The loss of life, especially a young person’s life, is always a tragedy.
For some young fans, this might be the first person they “know” who has died. While it may not be the same as losing a family member or close friend, the feeling of loss is significant. Young fans will need support. And in 2024, many will find this support through social platforms and online forums.
I still remember the impact the deaths of stars such as Kurt Cobain and Jeff Buckley had on people like me who were teenagers in the 1990s. These were artists I admired and listened to – and whose art I relied on during times of pleasure and pain.
A similar pang was felt when artists such as George Michael, Aretha Franklin and David Bowie died, albeit later in my life and theirs.
The experience of losing a music idol is in many ways a universal one. People whose art we attach to our own life experiences become inseparable from our lives. And when they die, it can feel like those experiences are over too.
After news of Payne’s death broke, hundreds of fans took to the streets of Palermo in Buenos Aires, where Payne had been visiting. They held a vigil, cried and consoled one another in front of the Casa Sur hotel where Payne had been staying.
One fan, 25-year-old Yamila Zacarias, probably spoke for many when she said:
He meant a lot to me because the band came into my life at this time when you’re trying to be a part of something, and being a One Direction fan became that something for me.
Lifelong fandom and memories
There’s a stereotype of “fans” as hordes of screaming girls, which can really take away from the depth of fandom.
Anyone at any stage of life can be a fan of just about anything. And the best thing about fandom is that it can, and often does, allow lots of different types of people an outlet for connection throughout their lives.
Many fans have left comments on old music videos. YouTube/screenshot
The death of US actress Betty White in 2021, as sad as it was, brought people across generations and walks of life together. And not just those who knew her personally, but those who had connected with each other through their love of her work. It reminded me of my own family, including my Nan and Dad, now gone, and the laughs we’d share as we watched her.
As more details and tributes to Payne’s life and death emerge, the fans will have each other to lean on. If you yourself know someone who is a fan of Payne or One Direction, even reaching out to just acknowledge that person’s grief and experience is important. It says to them, “what you love is valid, and so are you”.
If this article has raised issues for you, or if you’re concerned about someone you know, call Lifeline on 13 11 14.
Liz Giuffre does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.
