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Monthly Archives: July 2018

BRISBANE LIONS v COLLINGWOOD, Gabba, 7.50pm AEST, Friday 31 May
Nanjing Night Net

BRISBANE LIONS

B: J.Adcock J.Patfull A.McGrath

HB: E.Yeo J.Clarke B.Staker

C: A.Raines S.Black J.Polkinghorne

HF: R.Bewick S.Michael P.Hanley

F: D.Zorko R.Lester M.Paparone

FOLL: B.Longer B.Moloney J.Redden

I/C: S.Docherty R.Harwood P.Karnezis J.Crisp

EMG: J.Green T.Banfield A.Cornelius

IN: R.Harwood , P.Karnezis, B.Longer, J.Crisp, M.Paparone, J.Clarke

OUT: J.Brown (suspension), M.Leuenberger (hand), T.Rockliff (leg), J.Lisle (omitted), J.Green (omitted), S.Mayes (soreness)

COLLINGWOOD

B: N.Brown B.Reid H.O’Brien

HB: H.Shaw N.Maxwell M.Williams

C: S.Sidebottom D.Swan L.Ball

HF: J.Elliott Q.Lynch B.Macaffer

F: B.Kennedy T.Cloke A.Didak

FOLL: D.Jolly S.Pendlebury J.Blair

I/C: A.Krakouer J.Thomas K.Martin P.Seedsman

EMG: M.Clarke J.Witts B.Sinclair

IN: A.Didak, H.Shaw, K.Martin, J.Thomas

OUT: J.Russell (ankle), S.Dwyer (groin), M.Clarke (omitted), J.Witts (omitted)

CARLTON v GWS GIANTS, Etihad Stadium, 1.45pm AEST, Saturday 1 June

CARLTON

B: M.Robinson M.Jamison L.Henderson

HB: Z.Tuohy D.Armfield S.White

C: C.Yarran C.Judd K.Simpson

HF: E.Curnow A.Walker J.Garlett

F: B.McLean J.Waite M.Kreuzer

FOLL: L.Casboult M.Murphy H.Scotland

I/C: T.Bell J.Bootsma J.Cachia B.Gibbs

EMG: D.Buckley T.Menzel M.Watson

IN: C.Yarran, L.Casboult

OUT: R.Warnock (knee), K.Lucas (hamstring)

GWS GIANTS

B: T.Mohr A.Corr A.Kennedy

HB: M.Buntine J.Bruce D.Shiel

C: A.Treloar T.Greene L.Whitfield

HF: D.Smith J.Cameron R.Palmer

F: T.Adams A.Tomlinson N.Wilson

FOLL: J.Giles T.Scully C.Ward

I/C: C.Hampton S.Coniglio J.Townsend D.Brogan

EMG: S.Reid W.Hoskin-Elliott S.O’hAilpin

IN: D.Brogan , J.Townsend , N.Wilson

OUT: S.Gilham (omitted), S.O’hAilpin (omitted), A.Miles (omitted)

ADELAIDE v FREMANTLE, AAMI Stadium, 2.10pm AEST, Saturday 1 June

ADELAIDE

Backs: Brown Rutten Otten

Half-backs: Reilly Talia Smith

Centres: Vince Dangerfield Mackay

Half-forwards: Sloane Jenkins Kerridge

Forwards: Petrenko Lynch Douglas

Followers: Jacobs S Thompson van Berlo

Interchange: Lyons McKernan Porplyzia Laird

Emergencies: Wright Martin Henderson

FREMANTLE

Backs: Spurr Dawson Johnson

Half-backs: Ibbotson McPharlin Silvagni

Centres: Hill Crowley Duffield

Half-forwards: Barlow Mayne Fyfe

Forwards: de Boer Clarke Ballantyne

Followers: Hannath Mundy C Pearce

Interchange: D Pearce Crozier Suban Mzungu

Emergencies: Sheridan Sutcliffe Taberner

In: Hill

Out: Sutcliffe

SYDNEY SWANS v ESSENDON, 4.40pm AEST, Saturday 1 June

SYDNEY SWANS

B: N.Malceski T.Richards N.Smith

HB: J.McVeigh H.Grundy D.Rampe

C: L.Jetta D.Hannebery K.Jack

HF: R.O’Keefe A.Goodes J.Bolton

F: S.Mumford T.Walsh B.McGlynn

FOLL: M.Pyke J.Kennedy L.Parker

I/C: C.Bird A.Everitt T.Mitchell M.Morton

EMG: T.Armstrong J.Lamb J.White

IN: T.Mitchell, T.Walsh

OUT: S.Reid (quad), J.Lamb (omitted)

ESSENDON

B: M.Baguley D.Fletcher J.Carlisle

HB: D.Myers C.Hooker D.Heppell

C: B.Stanton J.Watson C.Dempsey

HF: B.Goddard S.Crameri N.Kommer

F: J.Winderlich P.Ryder L.Jetta

FOLL: T.Bellchambers B.Howlett D.Zaharakis

I/C: M.Hibberd S.Gumbleton H.Hocking J.Melksham

EMG: J.Merrett W.Hams K.Hardingham

IN: S.Gumbleton

OUT: M.Hurley (ankle)

GEELONG v GOLD COAST SUNS, Simonds Stadium, 7.40pm AEST, Saturday 1 June

GEELONG

B: A.Mackie T.Lonergan C.Enright

HB: C.Guthrie H.Taylor J.Hunt

C: J.Kelly J.Bartel S.Motlop

HF: M.Stokes S.Johnson A.Christensen

F: M.Brown T.Hawkins N.Vardy

FOLL: T.West J.Selwood J.Corey

I/C: J.Schroder M.Duncan G.Burbury M.Blicavs

EMG: B.Smedts J.Murdoch J.Stringer

IN: J.Kelly, N.Vardy

OUT: J.Podsiadly (knee), J.Thurlow (rested)

GOLD COAST

B: T.McKenzie S.Day J.Wilkinson

HB: D.Swallow R.Thompson T.Murphy

C: M.Shaw G.Ablett J.Harbrow

HF: M.Rischitelli TJ.Lynch A.Hall

F: C.Brown D.Gorringe B.Matera

FOLL: T.Nicholls D.Stanley D.Prestia

I/C: J.O’Meara K.Horsley T.Sumner L.Russell

EMG: G.Broughton J.Hutchins S.May

IN: M.Rischitelli, K.Horsley , J.Wilkinson , T.Nicholls , T.Sumner

OUT: J.Brennan (knee), G.Broughton (omitted), S.May (omitted), J.Hutchins (omitted), J.Lonergan (hamstring)

NEW: T.Sumner

WESTERN BULLDOGS v PORT ADELAIDE, TIO Stadium, 7.40pm AEST, Saturday 2 June

WESTERN BULLDOGS

Backs: Picken Talia Goodes

Half-backs: Johannisen Roughead Morris

Centres: Macrae Liberatore Smith

Half-forwards: Addison Jones Murphy

Forwards: Dahlhaus Williams Stringer

Followers: Minson Griffen Lower

Interchange: Stevens Hrovat Giansiracusa Wallis

Emergencies: Tutt Markovic Campbell

In: Wallis Talia

Out: Boyd (calf) Young (calf)

PORT ADELAIDE

Backs: Hombsch Carlile OShea

Half-backs: Logan Jonas Hartlett

Centres: Cornes Boak Broadbent

Half-forwards: Brad Ebert J Butcher Monfries

Forwards: Gray Schulz Westhoff

Followers: Redden Wines Wingard

Interchange: Mitchell Hitchcock Neade Heath

Emergencies: P Stewart Lobbe Young

In: Hitchcock Hombsch Neade

Out: Thomas (shoulder) Moore Colquhoun

New: Jack Hombsch, 20,

MELBOURNE v HAWTHORN, MCG, 3.15pm AEST, Sunday 2 June

MELBOURNE

B: Dunn Frawley Terlich

HB: Watts Pedersen Garland

C: Trengove Evans M Jones

HF: Tapscott Howe Bail

F: Rodan Dawes Davey

FOLL: Jamar McKenzie N Jones

I/C: FROM: Strauss Nicholson Macdonald Sellar Kent Spencer Fitzpatrick

IN: Rodan, Macdonald, Strauss, Spencer, Fitzpatrick, Pedersen, Kent

OUT: Byrnes, Magner, Jetta, Gawn

HAWTHORN

B: Stratton Lake Guerra

HB: Gibson Birchall Mitchell

C: Smith Hodge Shiels

HF: Hill Franklin Lewis

F: Puopolo Roughead Breust

FOLL: Hale Sewell Burgoyne

I/C: From: Grimley Simpkin Duryea Bailey Cheney Savage Osborne

IN: Osborne Hale Birchall Savage

OUT: Gunston (calf)

NORTH MELBOURNE v ST KILDA, Etihad Stadium, 4.40pm AEST, Sunday 2 June

NORTH MELBOURNE

Backs: Hansen Thompson McMahon

Half-backs: Wells Grima Firrito

Centres: Gibson Atley Macmillan

Half-forwards: Cunnington Petrie Harvey

Forwards: Thomas Black Adams

Followers: Goldstein Swallow Bastinac

I/C: FROM: Gysberts Wright Greenwood Hine Sierakowski Daw Mullett

IN: Greenwood Sierakowski Gysberts Hine

OUT: Ziebell (suspended)

NEW: Jordan Gysberts, 21, Melbourne

ST KILDA

Backs: Gwilt Stanley Newnes

Half-backs: Dempster Fisher Webster

Centres: Geary Dal Santo Roberton

Half-forwards: Ross Siposs Armitage

Forwards: Saad Riewoldt Milne

Followers: McEvoy Montagna Steven

Interchange: From: Hickey Jones Ray Wright Saunders Maister Ferguson

In: Armitage Ferguson Wright Saunders

Out: Hayes (calf)

New: Jackson Ferguson, 20, GWS U18

WEST COAST v RICHMOND, Patersons Stadium, 7.40pm AEST, Monday 3 June

WEST COAST

Backs: Mackenzie Glass Butler

Half-backs: Hurn Brown Rosa

Centres: Gaff S Selwood Kerr

Half-forwards: LeCras Darling Masten

Forwards: Cox Kennedy Hill

Followers: Naitanui Priddis Shuey

Interchange: From: Brennan Dalziell Embley Hutchings McGinnity Sheppard A Selwood

IN: A Selwood McGinnity Embley

OUT: Nil

RICHMOND

Backs: Morris Rance Houli

Half-backs: Newman Chaplin Vlastuin

Centres: Grigg Cotchin Jackson

Half-forwards: Lonergan S Edwards King

Forwards: Vickery Riewoldt Martin

Followers: Maric Deledio Foley

Interchange: From: Arnot Astbury Batchelor Dea A Edwards Helbig White

IN: A Edwards Astbury Arnot Dea Helbig

OUT: McGuane Nahas

NEW: Matthew Arnot, 19, Oakleigh U18; Aaron Edwards, 29, North Melbourne

This story Administrator ready to work first appeared on Nanjing Night Net.


A record number of teams will flock to the Cootamundra Netball courts this Sunday for the annual Netball Carnival.
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Kicking off at 8.30am, the event will incorporate 37 teams from areas such as Canberra, Young, Yass and West Wylong among others.

The games will run throughout the day with 400 girls from the age of 15 and under taking to the courts.

While unsure what has prompted the spike in numbers, Cootamundra Netball club president Sally Ormond said the increase is a coup for the sport which has experienced a drop in the number of regular players this season.

“I think having so many teams involved really helps with the build up of our own club,” she said.

“There are a number of other female sports in Cootamundra like leaguetag which is why I think there is a few less this year. We are slowly pegging our way back and this definitely helps.”

Ormond is part of an almost entirely new netball committee which was formed following the resignation of a number of members at the end of the 2012 season.

They began planning for the carnival at the beginning of the year where nominations were sent out to various clubs.

In the last two months, they have worked weekly to make sure all aspects of the carnival run smoothly come Sunday.

Ormond said part of the attraction of the carnival is that it accommodates players of a younger age.

“We do a lot of the littler one which I think people like,” she said.

“There is a lot more of a chance for them to come and have a go.”

There is a total of six age divisions for the carnival with the eights, nines and tens combined and separate categories for the 11s, 12s, 13s, 14s and 15s.

There will be up to seven games played at once throughout the day with the carnival expected to wrap up at around 3.30pm.

While there will be winners and losers on the day, Ormond said the main focus of the event is enjoyment.

“There is definitely a big social aspect to days like this,” she said.

“It is important that we make sure all those who participate have a good tiome through out the day.

The Cootamundra Netball carnival will take place 8.30 am at the Cootamundra netball courts.

READY TO PLAY: pictured (from left) are netball players Emily Webb, Molly Bowditch, Maddison Baker and Zoe Armstrong. The girls will take part in the annual Cootamundra Netball Carnival to be held this Sunday.

This story Administrator ready to work first appeared on Nanjing Night Net.


SCHOOL REUNION
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Former Cootamundra residents Rebekah Hearne and Rob Black are currently organising a school reunion for the Sacred Heart Central School graduating class of 2002.

They have decided to be a bit different as this is an “11th Year Reunion.”

The reunion will commence at 2pm tomorrow, Saturday June 1, with a tour of Sacred Heart Central School, before heading to the Central Hotel for plenty of catching up.

An open invitation is extended not only to graduating students but to all those students who have spent a significant amount of time with the class.

Any queries you may have may be directed to Rebekah Hearne on 0402 533769 or Rob Black on 0432 229664.

WAR WIDOWS LUNCHEON

The monthly war widows luncheon will be held at the Cootamundra Ex-Servicemens & Citizens Club on Monday, June 3, 12 o’clock for a 12.30pm start.

GREAT DAY FOR LOVELY LADY

Former local lady Anne Rees is now living at The Manor, Tea Gardens (Port Stephens).

Anne had a very enjoyable Mother’s Day earlier this month, with her eldest son Charles surprising her with a visit.

Charles, being the “taxi service” travelled from Victoria via Cootamundra to a luncheon held at the home of her daughter Kate Brown, where second son Sam served a delicious seafood meal.

Niece Elaine Brown arrived from Newcastle with a lovely bunch of lillies to enhance her room.

Anne was in good spirits, despite her health battle, but with too much excitement on the day, the next day was a day of rest!

Anne sends her love and kind regards to all her Cootamundra friends and contacts.

Teacher: Mr Scott Roberts. Back row: Mark Johnson, Robert Black, Jonathon Holder, Shaun Pepper, Ryan Hay and Troy Lauder. Middle row: Ben Smith, James Braid, Todd Kable, Josh Douglas, Greg Morton and Brendan Smith. Front row: Stacey Kemp, Cathrine Stevens, Scarlett Levy, Casey Beath, Danni Alexander, Rebekah Hearne, Shannon d’Souza, Holly Sutherland and Samantha Grant.

IN CHARACTER: Andy and Lindsay Baber got into character for the screening of “Strictly Ballroom” which was held recently at the Cootamundra Arts Centre. Photo: Melinda Chambers

BIG NIGHT OUT Students of the Chris Edward’s School of Dancing had a big night out last Friday, dining out on pizza at the White Ibis and then heading across the road to watch “Strictly Ballroom” on the big screen. Word has it that all the local dancers loved the movie and had a fantastic night. (from left): Abbey Gammon, Amelia Chambers, Sophie O’Callaghan, Piper Scott and Emily Bodycott. Photo: Melinda Chambers

GREAT DAY: Enjoying the sunshine at the Cootamundra Trots last Sunday were good friends Debbie Herring, Deb Longford and Michelle Fabris. Photo: Melinda Chambers

SPECIAL PERFORMANCE: Pictured here is Abbey Roberts, who recently performed at the VIEW Club Gala Day with the Chris Edward’s School of Dancing. Photo: Melinda Chambers

This story Administrator ready to work first appeared on Nanjing Night Net.


AT about 6.45pm on Tuesday a 38-year-old man from Port Kembla was driving a B double southbound on the Hume Highway near Coolac.
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As he approached the Muttama Road overpass about 15 kilometres north of Gundagai, the driver saw a person climb the safety barrier on the northern side of the overpass.

The driver then saw the person perform what he described as a ‘slam dunk’ type action with an object in his hand.

The driver informed police that he instinctively knew what was happening and swerved to the right into lane two, to avoid passing directly beneath the person.

The driver heard a loud bang as an object smashed through the windscreen and struck the passenger seat.

The driver stopped the truck immediately and contacted police. A witness who had been travelling behind the truck stopped to render assistance and waited with the driver for police to arrive.

The witness told police that shortly after the incident, he had seen a gold coloured 4WD travel in a westerly direction towards Cootamundra from the overpass at high speed.

Police conducted an examination of the truck and the scene, and the object that had smashed through the windscreen was found to be a 10 kilogram block of concrete.

It was the opinion of police that had the driver been struck by the concrete he would almost certainly have been killed.

If anyone has information in relation to the incident, could they please contact Tumut Police Station on 6947 7199 or Crime Stoppers on 1800 333 000.

This story Administrator ready to work first appeared on Nanjing Night Net.


MILAN, ITALY – JANUARY 15: Art director Luca Finotti is seen during the Milan Fashion Week on January 15, 2013. (Photo by Elena Braghieri/Getty Images) Photo: Elena Braghieri MILAN, ITALY – JANUARY 14: Stylist Andrea Porro wearing an Au Jour Le Jour suit during Milan Fashion Week Menswear Autumn/Winter 2013 on January 14, 2013 in Milan, Italy. (Photo by Elena Braghieri/Getty Images) Photo: Elena Braghieri
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Is this the picture of good taste? Journalist Angelo Flaccavento during Milan Fashion Week 2013. Photo: Elena Braghieri

Dom Knight

LONDON, ENGLAND – JANUARY 09: Yu Masui freelance fashion writer wearing Christian Louboutin shoes and clutch and JW Anderson shirt and jacket on day 3 of London Mens Fashion Week Autumn/Winter 2013, on January 09, 2013 in London, England. (Photo by Kirstin Sinclair/FilmMagic) Photo: Kirstin Sinclair

Fashion can be a challenge for us blokes. But I have always believed that with a minimum of effort and expense, we can nevertheless always look – well, perhaps not stylish, but kind of OK. And if you’d like to look kind of OK, or have a gentleman friend in your life who might benefit from appearing less ridiculous, then these are the style tips for you.

No brand names

You can’t always avoid brand names. But when you can, do – or at least try to keep them subtle. The problem with brand names is that they file you into one of three categories, all of which are, in my view, unpleasant.

Let’s start with the early adopters. If you, unlike me, have some fashion gold-panning ability that lets you identify the Next Big Thing, and consequently discover the achingly cool new jeans brand that’s big in Japan but no one knows about here, then you’ll look like you’re trying to impress people. Admittedly, you may actually impress them, but when you wear the distressed denim with the purple safety pin jammed into them instead of a brand label (I’m making this up, but is it any stranger than Ksubi’s Liquid Paper logo?), you make people like me think you deliberately want us to ask where you got them. I refuse to do this.

The second option with brand names is that you give the impression of conforming with everyone else and being unable to think for yourself. I remember when every second guy was wearing Mambo or Okanuis (this is going back a bit) or Ben Sherman or Diesel – it got terribly predictable, and made them look like sheep.

And the third option is that you stick with a brand name once the cool kids have decided that it’s incredibly lame. I can illustrate the horror of this outcome with a simple scenario: imagine being the last man alive who wears Ed Hardy.

But if your clothes have no brands, then they never go out of style. Admittedly they never go into style either, but that’s a trade-off I’ll gladly take.

Conservatism is best

You’re aiming for “timeless classic” here. A well-made pair of blue jeans or a charcoal woollen sweater is always going to look good, regardless of prevailing fashion. Whereas if you went along with the “distressed jeans” fad, what you’d have now is a pair of jeans with holes in them that you’re now too embarrassed to wear – or should be.

Note that when I say “conservative”, I don’t mean “suitable for wearing at a golf club dinner”. So, no boat shoes unless you’re actually on a boat. And even then I’d question them, frankly.

Solid, dark colours

My wardrobe is predominantly black, navy, dark grey and occasionally brown, sometimes with a white or light blue shirt. That’s about it. Well, I do have one fluorescent orange T-shirt that I bought in a moment of madness, but I try not to wear it out of the house.

With this palette, I always dress boringly and predictably, but I rarely look ridiculous. A black long-sleeved cotton shirt and a nice pair of jeans looks absolutely fine in just about any social scenario – you’ll never feel overdressed, or excessively underdressed. Plus, wearing black makes you look mildly like an arts administrator, and there’s nothing wrong with that.

Indifference beats excessive effort

I’m the first to doff my cap to a genuinely well-dressed fellow. I find myself doing so regularly when I visit Melbourne, a town whose menfolk somehow operate on a higher sartorial plane. In Melbourne, you will often see fellows sporting a gorgeous vintage shirt set off by the perfect waistcoat, perhaps coupled with a lovely woollen tie. Every second barman in the Victorian capital has hair Brylcreemed with dazzling precision and a painstakingly waxed moustache.

I appreciate such elegance, but then I imagine the sartorialist spending hours browsing through vintage stores and then standing at home in front of his mirror each morning, trying different combinations, and then spending forever in the bathroom, pruning his facial hair with the excessive care that OCD-fuelled retirees devote to topiary. And I think – surely it’s not worth the effort. Dressing well consumes time I’d rather devote to things I care more about. Admittedly, they include Game of Thrones and trying to finish Angry Birds Space with my nephew. But I still don’t think looking amazing is worth the enormous effort required.

The exception that proves the rule

Last year, I went to Hawaii, and the tropical heat got to my head, so I found myself purchasing a wide assortment of absurdly bright Hawaiian shirts. Admittedly, they were only $20 or so apiece (despite being made locally) – which some may nevertheless view as overpriced given their appearance. But I had enormous fun appalling my colleagues and friends with their extreme garishness. It was the perfect way to make them appreciate the reliable dullness of my usual wardrobe.

In conclusion

If you follow my advice and stick to the kind of conservative, boring and cheap clothes I wear, then you could look conservative, boring and cheap too!

But here’s the great thing. Virtually nobody ever comments unfavourably on my wardrobe, because it’s just too dull to be noteworthy. And if they do, I just ask them how much their outfit cost and roll my eyes. Because the bottom line is this: if you put considerable time and money into your wardrobe, then you will undoubtedly end up someday wearing a sarong like David Beckham. And that means I win.

This story Administrator ready to work first appeared on Nanjing Night Net.


Now and then: Dulcie Boling.Dulcie Boling, the former editor of New Idea, has laid bare some of the tactics she used in the sharp-taloned world of glossy magazines in the 1980s.
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The notoriously private 76-year-old magazine queen, pictured, has told The Australian Women’s Weekly of her long-running rivalry with erstwhile colleague Nene King – the story of which goes to the small screen on Sunday with ABC miniseries Paper Giants: Magazine Wars.

”I manipulated her into threatening to resign. I knew she would do it. I am not proud of myself for doing that but I don’t regret it. The truth is, it gave her the out. She could say, ‘I told that bitch where to go and how to get there’. I think that after she had been with me for six years, Nene deserved that.”

She explained how she had ”been dealing with Nene’s unstable nature almost from the time she arrived”.

”To give Nene her due, she was a very good news editor, always chasing down stories. That was why I hired her. But she was a poor writer.”

And Boling had little time for her rival’s choice of language, either. ”Nene used the vilest language,” Boling says. ”She’d call people f—ing this and f—ing that.”

King went on to edit Woman’s Day, sensationally competing with New Idea in a scoop-for-scoop circulation war.

Kerry Packer was on the receiving end of Boling’s steel when the pair met at an agricultural fair in the mid 1980s. She recalls the media mogul placing his hand on hers – which rested on her knee.

”I remember thinking, ‘If he moves that hand up one inch, I’ll punch his lights out’. It was a terribly dominating thing to do but not overtly sexual because he put his hand over the top of mine … I just gave him the stare from hell.

”He was impervious. But I stared him down. I didn’t blink an eye.”

This story Administrator ready to work first appeared on Nanjing Night Net.


The Australian share market is set to rebound from a six-week low after a rise on Wall Street overnight.
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Disappointing US economic data pushed Wall Street higher on hopes the US central bank will continue with its economic stimulus program.

Key markets overview:SPI futures were up 19 points at 4961The dollar was flat at 96.68 US centsIn New York, the S&P500 rose 0.4%In London, the FTSE100 gained 0.5%Gold jumped to $US1412 an ounceBrent crude slipped to $US102.43Iron ore falls to $US111.60 a tonne

The Australian dollar is almost level after a volatile night of trade, falling then rising after the release of US economic data.

This morning, the local unit was trading at 96.68 US cents, down from 96.73 cents yesterday. Overnight, the Australian dollar traded between 95.83 US cents and 96.98 cents.

In local economic news, the Reserve Bank of Australia publishes financial aggregates for April.

In company news, Origin Energy managing director Grant King is among the speakers at the Stockbrokers Association of Australia annual conference in Sydney.

Global stock markets

NEW YORK – Wall Street rose as two lacklustre economic reports convinced traders that the US central bank will continue to boost the economy with its stimulus program.

Unemployment claims rose and an initial estimate of first quarter economic growth was revised slightly lower.

That suggests the US economy may still need some time to recover from its funk and that the Fed will keep up its $US85 billion in monthly bond purchases.

The Dow Jones Industrial Average gained 21.73 points, or 0.14 per cent, to 15,324.53.The broad-based S&P 500 rose 6.05, or 0.37 per cent, to 1,654.41, while the tech-rich Nasdaq Composite Index gained 23.78, or 0.69 per cent, at 3,491.3.

The rise in the Standard & Poor’s 500 index was led by banking and insurance stocks, which gained 1.1 per cent. Banks and other stocks that stand to benefit the most from an improving economy have surged this week, a change from earlier in the year when investors favored dividend-rich stocks like utilities.

LONDON – European stock markets rose despite plunging Japanese stocks, as traders digested US growth data and signs of improved confidence in the eurozone.

London’s FTSE 100 index of leading shares gained 0.45 per cent to 6,656.99 points. Frankfurt’s DAX 30 index advanced 0.76 per cent to 8,400.2 points, while in Paris the CAC 40 rose 0.56 per cent to 3,996.31 points.

HONG KONG – Asian stocks fell, with Tokyo plunging more than 5 per cent as the yen gains strength following a series of economic forecasts underlining concerns over global growth.

Investors were also weighing the implications on Thursday of a potential softening of the US Federal Reserve’s aggressive stimulus program amid fears of a correction in US markets.

Tokyo stocks tumbled 5.15 per cent, or 737.43 points to 13,589.03 as jittery investors dumped shares following a sharp fall on Wall Street. Seoul ended flat, edging down 1.10 points to 2,000.10, Hong Kong lost 0.31 per cent, or 70.62 points, to 22,484.31 and Shanghai slid 0.27 per cent, or 6.27 points, to 2,317.75.

The local market closed at a six-week low on Thursday, with the benchmark S&P/ASX200 index down 44 points at 4,930.7 and the broader All Ordinaries index down 42.1 points at 4,917.1.

Commodities

ENERGY – Oil prices rose in New York despite US stockpiles hitting a fresh all-time high, while Brent slipped. New York’s main contract, West Texas Intermediate (WTI) light sweet crude for July, closed at $US93.61 a barrel, up 48 cents from Wednesday.

But Brent North Sea crude for delivery in July dropped $US1.80 to $US102.43 a barrel in London trade.

The New York benchmark contract, which dived more than $US1 in opening trade, rebounded into positive territory as the market shrugged off the US government’s latest weekly report on commercial petroleum inventories showing crude at its highest level in more than 80 years.

Crude stockpiles jumped by three million barrels in the week ended May 24 to 397.6 million barrels, striking an all-time peak since the start of the weekly data in 1982, the Department of Energy reported.

PRECIOUS METALS – Metals prices rose, with gold up $US20.20 at $US1,411.50 an ounce. Silver rose 23.7 cents to $US22.69 an ounce, July platinum rose $US29.70 to $US1,482.70 an ounce and June palladium rose $US10.20 to $US758 an ounce.

BASE METALS – Copper futures rose, buoyed by a fall in the US dollar and a report detailing a drop in mine output from top producer Chile. The most actively traded contract, for July delivery, rose 1.85 US cents, or 0.6 per cent, to settle at $US3.3155 a pound on the Comex division of the New York Mercantile Exchange.

A 5.2 per cent selloff in the Nikkei Stock Average had helped drag copper prices to two-week lows in overnight trading. Copper and equities tend to move in the same direction, as both are sensitive to the economic outlook.

But copper futures rallied in European and US trading hours, propped up by declines in the US dollar against some other major currencies.

Data also showed copper output in Chile, the world’s largest producer, fell in April in part because of a 24 hour strike at state copper giant Codelco.

Aluminum, lead and zinc prices on the London Metal Exchange closed higher after surging to multi-week highs on dollar weakness and positive economic data that lifted most base metal prices.

BusinessDay, with wires

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Rocco Bloggo: Against live odds
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Bookmaker Tom Waterhouse has apologised to Australians and has vowed to dramatically cut back his advertising on Channel Nine, saying “the public has spoken and you will see less of me on TV”.

Waterhouse, who has faced a barrage of criticism over his prolific appearances on television including the spruiking of live odds during live NRL broadcasts, bowed to public pressure and said he had made a decision with Channel Nine to scale back his advertising from tonight.

But he also launched a spirited defence of his online sports betting business, claiming he had somehow become the face of the entire Australian gambling industry.

“If people have an issue with gambling, it seems to become an issue with me personally and I have to cop it on the chin,” Waterhouse wrote in an open letter published in the Daily Telegraph on Friday.

Waterhouse said he and his “proudly Australian company”, which employed about 100 Australian workers, were trying to compete with faceless overseas corporate bookmakers who had “taken over betting in Australia”.

“I am taking on the big boys!,” he wrote.

The open letter begins with a direct apology, following a public outcry and calls for the Gillard government to step in and take a tougher stance on live odds being broadcast during sporting events.

“I am sorry. I have listened to the PM and Australia and have made the call with Channel 9 to dramatically cut back on my advertising from tonight,” Waterhouse wrote.

The 30-year-old said he loved being a bookie in an intensely competitive market.

Waterhouse claimed that betting turnover had not risen in Australia since 2007, apart from rises in the Consumer Price Index.

He claimed the racing and sports betting market was a small fraction of the entire gambling industry, and his business captured just five per cent of that market.

“However the public has spoken and you will see less of my on TV. I have listened,” he wrote.

Last week, Australia’s biggest corporate bookmaker, Sportingbet, backed calls for a complete ban on the spruiking of live odds in sports broadcasts and launched a withering attack on Waterhouse.

Sportingbet had joined market leader Tabcorp in voicing concern at the damage being done to the gambling industry by the growing public outrage at the intrusion of betting into football coverage.

Michael Sullivan, chief executive of Sportingbet, said he would support a full ban for the good of the industry, and accused Waterhouse of “acting irresponsibly”.

“What he’s doing now is affecting all our businesses,” said Mr Sullivan. “I’m the biggest consumer of rugby league in the world and it makes me sick in the guts when he comes on TV. The frequency of his appearances is what’s also driving people mad and Channel Nine has a lot to answer for.”

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A Ballarat man has been killed after crashing his car into a power pole in the state’s central west early on Friday.
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The accident occurred on Howitt Street, Ballarat, near Sims Road, at 1.20am.

The 20-year-old driver was the only person in the car at the time. He died at the scene.

Police are investigating whether drugs or alcohol were a contributing factor in the crash.

The road toll so far for 2013 is 95, up from 115 at the same time last year.

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VIEW’s gala day held in Cootamundra this week was a great success, according to national councillor Cynthia Guyenette.
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Mrs Guyenette, of Cootamundra, said 63 members attended the day, part of her duties as a National Councillor.

“It was wonderful,” Mrs Guyenette said.

Of the 22 clubs in the area, which takes in Cowra and West Wyalong in the north, west to Griffith, east to the Snowy Mountain’s foothills and south to the Victorian border, 16 were represented.

VIEW stands for Voice, Interest and Education of Women and provides women the opportunity to meet regularly with other women from all walks of life, establish lasting friendships and help disadvantaged Australians through supporting the work of The Smith Family.

The work of members in local communities aligns with, and strengthens, the impact of The Smith Family in helping young Australians in need to get the most out of their education.

Guest speaker was Deputy Mayor of Bland Shire Liz McGlynn, who was a past VIEW club president when VIEW first began there.

A number of Smith Family Learning for Life workers also spoke to those gathered at the event.

Lorna Nixon’s Tai Chi class and Chris Edwards School of Dance provided the entertainment during the gala day.

“The ladies really enjoyed it,” Mrs Guyenette said.

GREAT DAY: Pictured enjoying the VIEW gala day on Monday were (from left) guest speaker Liz McGlynn (West Wyalong), VIEW national councillor Cynthia Guyenette and Brianna Peet from Learning for Life Education Program, based in Wagga.

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