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Political unrest unsettles Aus sharemarket

Written By Unknown on Senin, 27 Januari 2014 | 16.42

The sharemarket is in for a volatile week after turbulence in emerging markets spooked investors. Source: AAP

THE Australian sharemarket is in for a volatile week after turbulence in emerging markets spooked investors on Friday.

At the close on Friday, the benchmark S&P/ASX200 index was 22.1 points, or 0.42 per cent, lower at 5,240.9 and the broader All Ordinaries index was down 21.2 points, or 0.4 per cent, at 5,254.3.

It was the third straight week local shares had finished in the red.

AMP Capital Investors chief economist Shane Oliver says the main issue worrying investors on Friday was political trouble in the emerging markets.

Mr Oliver says the instability has occurred at the same time the US Federal Reserve is winding back its monetary stimulus.


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Bahrain 'man dead after police shooting'

Bahrain's main Shi'ite opposition bloc says a young man has died after being shot by authorities. Source: AAP

BAHRAIN'S main Shi'ite opposition bloc says a young man has died after being shot by authorities earlier this month.

The al-Wefaq bloc said on Sunday that 19-year-old Fadhil Abbas Muslim and a friend were hit with live ammunition on January 8 in the village of Markh, near the capital Manama.

It says Muslim's family received no information about him or his whereabouts until his death was confirmed on Sunday.

Bahraini authorities had no immediate comment on the allegations.

The shooting appears to match an incident announced by the interior ministry earlier this month in which it said two suspects in an investigation into a suspected weapon smuggling plot were injured while trying to flee police.

The man's father, Abbas Muslim, said his son is innocent and uninvolved in political activities.


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US officials probe illness on cruise ship

US health officials have boarded a cruise ship docked in the US Virgin Islands to investigate an illness outbreak that has stricken at least 300 people with gastrointestinal symptoms including vomiting and diarrhoea.

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New Springsteen album makes debut at No.1

Written By Unknown on Minggu, 26 Januari 2014 | 16.42

Bruce Springsteen's new album has knocked Beyonce's self-titled album off the top of the ARIA chart. Source: AAP

BRUCE Springsteen's High Hopes has knocked Beyonce's self-titled album off the top of the ARIA chart after a three-week run.

High Hopes is the Boss' third album to reach No.1 in Australia. Born in the USA took the top spot in 1984, before the singer's Greatest Hits collection in 1995.

Beyonce's album slipped to No.3 while the soundtrack for the Disney film Frozen climbed a place to No.2. Katy Perry's Prism fell two spots to No.4.

Lorde's Pure Heroine and Avicii's True both dropped a place to No.5 and No.6 respectively.

The INXS collection The Very Best made its top 10 debut, moving up four places to No.7.

London Grammar fell a place to No.8 with their album If You Wait, while Eminem dropped three places to No.9 with The Marshall Mathers LP2.

Returning to the top 10, up two places to No.10, is Imagine Dragons' Night Visions.

On the ARIA singles chart, Pharrell Williams remains in the top spot with Happy for the fourth week.

Australian DJ Joel Fletcher and rapper Savage hit a new peak of No.2 with Swing, while Trumpets by Jason Derulo falls a spot to No.3.

Magic holds at No.4 with Rude, and returning to their former peak of No.5, up two places, is Rudimental featuring Emeli Sande and Nas, with Free.

All of Me by John Legend and Strong by London Grammar both dropped a spot to No.6 and No.7 respectively.

Dutch musician Tiesto makes his singles debut with Red Lights, up four places to No.8.

American duo A Great Big World, with Christina Aguilera, also make their top 10 debut. Their single Say Something is up a whopping 41 spots to No.9. Pitbull and Ke$ha's Timber is down a place to No.10.


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Abbott on indigenous recognition crusade

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Goodes represents decency: Abbott

Tony Abbott believes Australian of the Year Adam Goodes (pic) stands for decency in national life. Source: AAP

TONY Abbott thinks Adam Goodes is an excellent choice of Australian of the Year as he believes the indigenous footballer stands for decency in national life.

But while the prime minister's sentiment was echoed across the nation it was not universal, with an Aboriginal activist labelling the choice a move to offset debate on celebrating Australia Day on January 26.

Mr Abbott, who has committed to striving for constitutional recognition of Australia's indigenous people, used the national holiday on Sunday to reiterate his intention to try to achieve what New Zealand did with the 1840 Treaty of Waitangi.

"If we had known in 1901 what we know now, if our hearts had been as big then as now, we would have acknowledged indigenous people in the constitution back then," he told reporters at Australia Day celebrations in Canberra.

Similarly, Opposition Leader Bill Shorten told reporters in Melbourne that Australia's finest moments came in turning the national will to ending exclusion and bringing people in from the margins.

He, too, wants Aboriginal and Torres Strait Islander people to have a place of honour in the constitution and to see real progress in the fight against indigenous disadvantage.

Mr Goodes, a champion AFL player with the Sydney Swans, was named Australian of the Year on Saturday for his leadership and advocacy in the fight against racism, both on the sporting field and in society more broadly.

He has confronted racism head-on, using an incident last year, when a teenage girl called him an "ape" from the grandstand, as a tool to teach indigenous Australians and minority groups to say no to racism.

However Aboriginal activist Michael Mansell said giving the award to a high-profile Aboriginal was a desperate move by the Australia Day Council to offset debate on the appropriateness of January 26 as Australia's national day.

He said Australia Day awards were inextricably linked to the celebration of Australia Day, a date that marked the arrival of white people on January 26, 1788.

"Adam Goodes' standout qualities are that he is a good footballer and was abused by a 13-year-old girl at a football match. In themselves, these attributes hardly warrant a best of the best award," he said in a statement.

Mr Abbott said Mr Goodes stood for excellence in sport and decency in national life.

"Yes, I think he has been an excellent choice," the prime minister told reporters.

Australian Human Rights Commission president Gillian Triggs said the award acknowledged Mr Goodes' significant contribution to understanding human rights and anti-racism initiatives.

NSW Premier Barry O'Farrell said Mr Goodes had displayed outstanding leadership.

"His stand against racism last year brought the issue into the national spotlight and helped educate all Australians that racism in any form shouldn't be tolerated," he said.


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UK teacher tells of Kruger elephant attack

Written By Unknown on Sabtu, 25 Januari 2014 | 16.41

A BRITISH teacher who suffered a serious leg injury when an elephant tore through her car in South Africa has told how she desperately tried to drive away.

Sarah Brooks, who works at the Sir John Gleed School in Lincolnshire, and her South African fiance Jans de Klerk, were attacked by the elephant as they drove through the Kruger National Park on December 30.

The couple have now returned to England after Brooks spent more than a week recovering from a pelvis fracture and stitches to her right leg after the elephant's tusk pierced it.

The pair have received death threats since footage of the attack - which they say was heavily edited to make it look as if they drove towards the animal - went viral.

The 30-year-old science teacher told the Daily Mail she "completely freaked" as the elephant stormed towards them and in her panic was unable to find reverse in the hire car.

The couple then resorted to stopping, turning off the ignition and looking at the ground, but seconds later the elephant rammed into them.

"The next thing I heard was Jans screaming at me: 'Drive! Drive!'," Brooks said.

"I somehow managed to turn the engine on, Jans found reverse, but just as I got it going, the elephant tipped us up.

"Then he crushed the undercarriage by ramming it with his head, and the key snapped out of the ignition. 'I remember thinking, 'We're never going to be able to drive away now' - and the next thing I knew we were rolling.

"At that moment, your life flashes through your head. I thought, 'We've only been together a year-and-a-half, life's good. Why now? Why the hell now? It just isn't fair.' I didn't know if either of us would live."

She recalled how the bull elephant twice missed her when his tusks ripped through the car before one pierced her leg leaving her streaming with the blood.

De Klerk, who was left unhurt, managed to pull her across to his side of the car, from which the elephant finally walked away only after pushing it up against a tree and smashing the windscreen.

The incident was captured on film by tourists in a car behind, but they drove off after the attack believing the pair to be dead.

The distressed couple, who feared attacks from other animals, waited for help after phoning de Klerk's brother but it was 25 minutes before a helicopter landed.

"They took me to a doctor, where I was patched up before being taken to a hospital to check for internal injuries," Brooks said.

"In the back of the ambulance, I said to Jans: 'I don't want ever to spend another day apart from you.' He said: 'Marry me then?' I said: 'Yes.'"

She told the newspaper that she pleaded with the tourists not to publish the footage, but days later an edited version went viral.

The male elephant, who was believed to be a risk to other tourists, was destroyed after the incident.

The animal had been "on musth", a periodic condition where testosterone levels rise and elephants become more aggressive, and had fought with another elephant earlier that day.

The couple said park rangers told them they were "just unlucky" and had done nothing wrong.


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Jury sides with Love in trial over tweet

A US jury has rejected a defamation case against Courtney Love over a Twitter post that suggested one of her lawyers had been "bought off" for not pursuing a lawsuit over her late husband's estate.

The verdict came after roughly three hours of deliberation in a case that spanned eight days and focused on the Hole frontwoman's postings on the social networking site.

The case centred on one 2010 post that suggested that San Diego lawyer Rhonda Holmes had been "bought off" and that was why she wasn't representing the singer anymore.

Love had hired Holmes to file a fraud case against the estate of her late husband, Nirvana frontman Kurt Cobain. The lawyer contended during the trial that she was fired by Love and that the tweet and other statements the singer made against her have caused her substantial damage.

Love's tweet stated, "I was (expletive) devastated when Rhonda J Holmes Esq of san diego was bought off" in response to a question from user of the popular social media site.

The message was never meant to be public, Love told jurors. She said she meant for it to be sent as a direct message, which only the recipient would see, but it instead went public and was quickly deleted.

The swift verdict wasn't witnessed by Love, who had left court after closing arguments ended on Friday morning. She arrived just as the courthouse was closing down and met her lawyers, John Lawrence and Matthew Bures, in the hallway where she hugged them both.

Love praised her lawyers and the jury after the verdict. Asked about her social media presence, Love said she refrained from posting on Twitter during the trial. "I didn't tweet out of respect for the case," she said.

While the case was billed as the first "Twibel" trial in which Twitter and libel law intersected, Lawrence said it was tried by the same rules as traditional defamation cases.

Jurors determined that Love's tweet included false information, but the musician didn't know it wasn't true.

Holmes lawyer Mitchell Langberg said the jury's verdict meant the panel determined Love's statement was defamatory, but the singer couldn't be held liable for it. Holmes' side asked the panel to award $8 million in damages and send a message that false statements online had consequences.

Langberg said that while his client was disappointed with the verdict, her reputation was upheld and the world now knows that Love's statements were false.

"At the end of the day, her biggest asset in life is her reputation," Langberg said. "That she got back today."

Love's social media postings have gotten her into trouble several times.

In 2011, she agreed to pay $US430,000 to fashion designer Dawn Simorangkir over statements she posted on Twitter and Myspace.

Simorangkir sued Love again last year, alleging the musician libelled her when Love accused Simorangkir of theft on the Howard Stern's radio show and taunted her on the social media site Pinterest.

The case is pending, but Love said she's trying to be more careful about her online musings than she was when she tweeted about Holmes.

"I don't tweet like I did back then," Love said on Friday.


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Starbucks profit jumps, sales growth slows

Written By Unknown on Jumat, 24 Januari 2014 | 16.41

Starbucks says its quarterly profit is up 25 per cent, following stronger sales around the world. Source: AAP

STARBUCKS says its quarterly profit is up 25 per cent, thanks to lower coffee costs and stronger sales around the world.

The Seattle-based coffee company says global sales rose five per cent at established locations. That was slower than the increase in the previous quarter, however, and total sales were shy of Wall Street expectations.

Troy Alstead, the company's chief financial officer, on Thursday said the slower growth for the final three months of the year was the result of the shift toward online shopping during the Christmas shopping season, rather than heading out to stores.

"The impact to us is that there are fewer people out and about in the weeks leading up to Christmas," Alstead said.

But in a conference call with analysts, CEO Howard Schultz downplayed the impact that trend would have on sales growth going forward, saying that Starbucks' advantage was that its offerings can't be replicated online and that its loyalty card business is growing.

Starbucks, meanwhile, has been employing various strategies to drive up sales at its ubiquitous cafes, such as revamping its sandwiches and baked goods so people are more likely to get something to eat when they come in for a drink. Alstead said that croissant sales had doubled at locations where new recipes were rolled out.

New options such as boxed salads are intended to get people to visit throughout the day, not just during the morning rush hour.

Starbucks, which has about 20,000 locations around the world, is also eyeing a new front: tea. The company last year opened its first tea cafe in New York City, saying it plans to popularise tea culture in the US the way it did with coffee culture.

For the quarter, sales at established locations rose five per cent in both the US and the region encompassing Europe, where Starbucks had been struggling.

In the China and Asia Pacific region, the figure rose eight per cent.

For the three months ending December 29, it earned $US540.7 million ($A618.90 million), or 71 US cents per share. That was more than the 69 US cents per share analysts expected.

A year ago, it earned $US432.2 million, or 57 US cents per share.

Revenue rose to $US4.24 billion, shy of the $US4.3 billion Wall Street expected.

The company stood by its guidance of for sales at established locations to grow in the mid-single digits globally in the year ahead. Earnings per share are expected to be in the range of $US2.59 to $US2.67, up from the previous $US2.55 to $US2.65.

Shares of Starbucks edged up 38 US cents to $US73.77.


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Alcohol and drugs body slams funding cut

ADCA says recent alcohol-related violence highlights the need for government funding. Source: AAP

THE federal government's decision to defund the Alcohol and Other Drugs Council of Australia is "short-sighted" at a time when Australia is "wallowing" in alcohol abuse, the council says.

The funding withdrawal in November had "destroyed" the organisation, ADCA says in a submission to a Senate committee on the government's commission of audit that calls for funding to be restored.

The non-government organisation was caught unawares by the government's decision because it had been previously promised funding, it says.

"This was disingenuous to say the least," the council said.

"The government's decision will ultimately prove to be short-sighted and ill-considered."

ADCA says the recent spate of alcohol-related violence over the holiday period highlighted the seriousness of the government's funding cut.

"There is no clearer example of the need for an organisation like ADCA than the current situation in which Australia finds itself - a nation wallowing in alcohol with a failure of leadership to address the critical issues of price, accessibility and advertising of alcohol products."

ADCA is calling on the government to review its decision and restore funding until after the commission of audit is completed.

The council has operated since 1966, providing research and advocacy relating to the health, economic and social harm caused by alcohol and other drugs.


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