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The Prime Minister has now cut the price of his investment property twice. Prime Minister Anthony Albanese has been snared in an inner west real estate crunch that may explain why he has had to slash about $150,000 off the price of an investment property up for sale. The three-bedroom home in Dulwich Hill was first listed in August with a price guide of about $1.9m. The auction scheduled for October was later called off and the price guide for the three-bedroom home dropped to $1.85m. Last week, the price dropped to $1.75m . Mr Albanese’s investment, which he snapped up in 2015 for $1,175m, remains up for sale after the two price drops. MORE: Bold moves that got Albo $8.8m property empire MORE: Former Prime Minister’s home now worth $150m The Prime Minister is selling the home amid settlement of a luxury Copacabana house he bought in September with partner Jodie Hayson for $4.3m. That home is now being offered for rent at $1,900 a week. But new figures indicate the Labor leader may have inadvertently timed the sale of his Dulwich Hill property poorly, listing it just as the inner west market took a turn for the worse. It’s now one of the weakest property markets in the country outside of Victoria, with home prices falling by an average of 1.2 per cent in the three months to November, according to PropTrack. Such a drop, measured against median prices in many areas (houses in much of the region cost over $2.5m) slashed tens of thousands off real estate values. MORE: Wild reason these homes cost as little as $35k The Dulwich Hill property has been up for sale since August. Picture: Max Mason-Hubers MORE: Russell Crowe’s $42m home for sale It was also a sharp turn from earlier this year when prices in the inner west were rising sharply. And there could be more falls on the way, with modelling by research SQM Research indicating prices across Sydney could drop by 1-5 per cent next year due to affordability constraints and delays in interest rate cuts. Changing fortunes for inner west sellers have followed a considerable increase in the volume of housing available for sale – most of which has been other landlord owned properties. “The market has turned on a dime,” said auctioneer Chris Scerri, who has called sales across much of the inner west this spring. Anthony Albanese recently bought a clifftop home on The Central Coast for $4.3 million. MORE: Countries that will pay you $140k to move there “Buyers have become a lot more cautious because of moves from the Reserve Bank ... the market has come back a lot in the inner west. It’s unusual for that (area).” Local agents told The Daily Telegraph many of the vendors who listed over recent months published guides based on the sale from earlier this year when the market was a lot stronger. And this meant it was common for new properties to hit the market with price expectations a lot higher than the buyer market was willing to pay. Adrian William director Adrian Tsavalas, commenting on the market generally, said most properties attracted four to five strong buyers earlier this year but this whittled down to just one, or sometimes zero, interest for properties listed over the spring. Mr Tsavalas said buyers were reluctant to move on inner west listings unless they “saw value”. MORE: Isla Fisher’s $1m post-divorce win The interior of the Dulwich Hill home up for sale. Mr Albanese’s sale has coincided with a change in the real estate market. Picture: Wagner Meier/Getty Images “Listings increased but there wasn’t the same increase in buyers so buyers were really spoiled for choice,” Mr Tsavalas said. He said it was normal in the current sale climate across the region for vendors to have to adjust their initial price expectations downward on account of softer demand. There was a silver lining for vendors like Mr Albanese, he added. “Stock is beginning to dry up again and there are still a few buyers trying to get something before (Christmas).”Pep Guardiola has pledged to step aside if he fails to turn around Manchester City’s poor run of form. The City boss is enduring the worst run of his glittering managerial career after a six-game winless streak featuring five successive defeats and a calamitous 3-3 draw in a match his side had led 3-0. The 53-year-old, who has won 18 trophies since taking charge at the Etihad Stadium in 2016, signed a contract extension through to the summer of 2027 just over a week ago. Yet, despite his remarkable successes, he still considers himself vulnerable to the sack and has pleaded with the club to keep faith. “I don’t want to stay in the place if I feel like I’m a problem,” said the Spaniard, who watched in obvious frustration as City conceded three times in the last 15 minutes in a dramatic capitulation against Feyenoord in midweek. “I don’t want to stay here just because the contract is there. “My chairman knows it. I said to him, ‘Give me the chance to try come back’, and especially when everybody comes back (from injury) and see what happens. “After, if I’m not able to do it, we have to change because, of course, (the past) nine years are dead. “More than ever I ask to my hierarchy, give me the chance. “Will it be easy for me now? No. I have the feeling that still I have a job to do and I want to do it.” City have been hampered by a raft of injuries this term, most pertinently to midfield talisman and Ballon d’Or winner Rodri. The Euro 2024 winner is expected to miss the remainder of the season and his absence has been keenly felt over the past two months. Playmaker Kevin De Bruyne has also not started a match since September. The pressure continues to build with champions City facing a crucial trip to title rivals and Premier League leaders Liverpool on Sunday. Defeat would leave City trailing Arne Slot’s side by 11 points. “I don’t enjoy it at all, I don’t like it,” said Guardiola of his side’s current situation. “I sleep not as good as I slept when I won every game. “The sound, the smell, the perfume is not good enough right now. “But I’m the same person who won the four Premier Leagues in a row. I was happier because I ate better, lived better, but I was not thinking differently from who I am.” Guardiola is confident his side will not stop battling as they bid to get back on track. He said: “The people say, ‘Yeah, it’s the end of that’. Maybe, but we are in November. We will see what happens until the end. “What can you do? Cry for that? You don’t stay long – many, many years without fighting. That is what you try to look for, this is the best (way). “Why should we not believe? Why should it not happen with us?”
The death of former President Jimmy Carter on Sunday led to a swift outpouring of support and condolences from notable figures in both political parties. President Joe Biden and president-elect Donald Trump issued statements Sunday, and both said Carter was a president who worked to better Americans’ lives. “He was a man of great character and courage, hope and optimism,” Biden and First Lady Jill Biden said in a statement. “We will always cherish seeing him and Rosalynn together. The love shared between Jimmy and Rosalynn Carter is the definition of partnership and their humble leadership is the definition of patriotism.” Trump said Carter dealt with “enormous responsibility” that only other presidents could relate to. “The challenges Jimmy faced as President came at a pivotal time for our country and he did everything in his power to improve the lives of all Americans,” Trump said in a post to Truth Social. “For that, we all owe him a debt of gratitude.” ‘One of my heroes’ Fellow Georgia politicians, including Democratic Sens. Jon Ossoff and Raphael Warnock, issued passionate statements following the news Sunday. Warnock referred to the Plains native as “one of my heroes.” “His leadership was driven by love, his life’s project grounded in compassion and a commitment to human dignity,” Warnock said. “For those of us who have the privilege of representing our communities in elected office, Jimmy Carter is a shining example of what it means to make your faith come alive through the noble work of public service.” Ossoff said Carter’s work “changed the lives of many across our state, our country, and around the world.” “The State of Georgia and the United States are better places because of President Jimmy Carter,” Ossoff said. Former Sen. Sam Nunn, from Georgia, lauded Carter for his “spine of steel and intrepid focus and determination.” “Colin Powell and I had front row seats to these unique Carter traits in Haiti in 1994,” he said in a statement. “I will never forget nervously watching President Carter negotiate every word of the Haitian military’s peaceful turnover of authority, while the U.S. Army’s 82nd Airborne prepared to land on the roof of the military headquarters, where we were finishing the agreement.” Brad Raffensperger, Georgia secretary of state, said Carter devoted his life to serving the U.S. “As a true servant-leader, he devoted his post-presidency to spreading the very best of American ideals across the globe,” Raffensperger said in a statement Sunday. “His commitment to peace, democracy, and human rights has left an indelible mark on the world.” The Democratic Party of Georgia’s Chair, Rep. Nikema Williams, said Carter “leaves one of the greatest legacies of humanitarianism in history.” “My husband Leslie and I named our son Carter after our 39th president because he showed us that ordinary Georgians can do extraordinary things,” Williams said. “He was one of the greatest public servants of our time – and he was also a peanut farmer from Plains, Georgia. From a southwest Georgia town of a few hundred people to the Oval Office, President Carter went from sowing crops to sowing the seeds of peace around the world.” Georgia Lt. Gov. Ines Owens said Carter “represented small towns like Plains, Georgia and never forgot where he and his family came from.” Georgia’s Carter had ‘calm spirit and deep faith’ Major national lawmakers outside the Peach State offered their thoughts too, including GOP Sen. Mitch McConnell. McConnell said Carter’s “calm spirit and deep faith seemed “unshakable” during difficulties in his presidency. “President Carter lived a truly American dream,” McConnell said. “A devoutly religious peanut farmer from small-town Georgia volunteered to serve his country in uniform. He found himself manning cutting-edge submarines hundreds of feet beneath the ocean. He returned home and saved the family farm before feeling drawn to a different sort of public service. And less than 15 years after his first campaign for the state Senate, his fellow Americans elected him leader of the free world.” Chuck Schumer, the Democratic Senate majority leader, called Carter “one of our most humble and devoted public servants.” “President Carter’s faith in the American people and his belief in the power of kindness and humility leave a strong legacy,” Schumer said. “He taught us that the strength of a leader lies not in rhetoric but in action, not in personal gain but in service to others.” ©2024 The Charlotte Observer. Visit at charlotteobserver.com . Distributed by Tribune Content Agency, LLC.
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Miami Dolphins quarterback Tua Tagovailoa and wide receiver Jaylen Waddle are inactive for Sunday's matchup against the host Cleveland Browns. Tagovailoa was limited all week due to a hip injury and was downgraded to doubtful on Saturday afternoon. Waddle, in turn, was questionable to play versus the Browns after being limited in practice on Thursday and Friday. Tyler Huntley is expected to start under center for the Dolphins (7-8), who are fighting to stay in playoff contention and need a win against the Browns (3-12) to stay in the mix. Huntley, 26, has started three games this season for the Dolphins while Tagovailoa was out before suffering a shoulder injury. Huntley was 39 of 66 (59.1 percent) for 377 yards, one TD and one pick. He also ran 16 times for 67 yards and a score. Tagovailoa already has missed four games this season because of a concussion while starting the other 11. He is 291 of 399 (league-best 72.9 percent) for 2,867 yards, 19 touchdowns and seven interceptions. Waddle, 26, has 54 catches this season for 700 yards and two touchdowns. In addition to Tagovailoa and Waddle, linebackers Anthony Walker and Mohamed Kamara, cornerback Nik Needham, offensive lineman Andrew Meyer and wide receiver Erik Ezukanma are inactive for Sunday's game. For Cleveland, Jameis Winston will serve as the emergency third quarterback. Wide receiver Cedric Tillman, cornerback Chigozie Anusiem, defensive end Ogbo Okoronkwo and tight end David Njoku also are inactive for the Browns. --Field Level Media
Trump's top pick for NASA: A billionaire who wants to privatize spaceTesla’s international limbo with expanding its manufacturing presence outside of the United States more aggressively has left various governments seeking alternatives. However, some still seem to be holding onto hope that Tesla, a leading force in the global electric vehicle market, will invest in their territories. Tesla has been looking for its next location for an international gigafactory. For years, Tesla has hinted that it will build in India , but import duties and other complications have effectively delayed these efforts. Tesla CEO Elon Musk with India Prime Minister Narendra Modi The company then completely committed to Gigafactory Mexico after choosing Nuevo Leon as its location and slotting a large land plot as the location of its new production plant. But things got complicated as CEO Elon Musk backed Donald Trump for President; his policies on foreign manufacturing complicated Tesla’s commitment to Mexico . India truly was not in the scope of this issue, especially as it aimed to build cars for its market and others nearby. “ We’re currently on pause on Giga Mexico. I think we need to see just where things stand after the election...Trump has said that he will put heavy tariffs on vehicles produced in Mexico, so it doesn’t make sense to invest a lot in Mexico if that is going to be the case. So we will kind of need to see how things play out politically.” With Trump winning the election, Mexico is likely still on an indefinite hold. India seems to be coming to terms with the fact that Tesla is unlikely to expand there as well, and it is looking for alternatives. A new report from Reuters states that India plans to expand EV incentives to automakers who will build vehicles at factories that are already built. This will limit the positives coming to those companies that plan to build new plants in India, potentially shooing away foreign entrants. Tesla, at one point, was extremely likely to build a plant in India. Musk had met with Prime Minister Narendra Modi and said Tesla would one day be manufacturing cars in India. The same was said about Mexico. In the near term, it does not seem likely. These countries know what a massive investment from Tesla would entail and how it would benefit their economies. Now, they’re simply holding on to hope. Please email me with questions and comments at joey@teslarati.com . I’d love to chat! You can also reach me on X @KlenderJoey , or if you have news tips, you can email us at tips@teslarati.com .
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It has been 21 years since the Concorde supersonic passenger transport last flew in November 2003. Although the Concorde is not the direct focus of this article, its operation as a supersonic transport is instructive in an experimental research project undertaken by the National Aeronautics and Space Administration (NASA), with industry partner, Lockheed-Martin. The aircraft's maiden flight is now penciled in for early 2025. NASA's project is called the Quiet SuperSonic Technology Flight Demonstrator. NASA contracted with Lockheed-Martin's Skunk Works in Palmdale, CA., to design and make the X-59 QueSST demonstration aircraft. In theory, its odd shape is aerodynamically designed to reduce the sonic boom to a soft thump. As for the role of NASA's two F-15s in X-59 testing, they are the project's chase planes and instrumented data collection platforms. The aircraft will test new technologies to reduce the sonic boom to a dull thud and gather data to support eventual supersonic flights over land. Introduction One of the many challenges British Airways and Air France dealt with in operating the Concorde in supersonic flight was the sonic boom resulting from breaking the sound barrier. When the Concorde commenced passenger service in 1976, noise pollution was becoming a hot topic. The Federal Aviation Administration (FAA) had already published regulations stipulating noise abatement requirements at several congested airports with increasing urban density in the surrounding area. The FAA ultimately restricted Supersonic flight in the National Airspace System (NAS) in 1973; certain controlled military airspaces were exempt. To many members of the public, the supersonic Concorde represented the ultimate in noise pollution. There was no surprise when the FAA declined to issue a waiver lifting the supersonic restriction for the Concorde's flight over land. The result was: British Airways would fly from London-Heathrow (LHR) and Air France's hub was Charles de Gaulle Airport. Both airlines were permitted landing rights at Washington-Dulles Airport and John F. Kennedy Airport. Many years later, the FAA permitted both airlines to fly sub-sonic to Dallas-Ft. Worth Airport (DFW). Even though the Concorde still had to fly subsonic over land, the benefit of a non-stop flight to/from a central airport like DFW, removed the lost time making a connecting flight at IAD or JFK. The Concorde's supersonic passenger service has been gone for more than two decades, but the public still has a desire to seek the benefits of supersonic travel in the United States. The Concorde took three hours to fly from New York City to London, instead of the usual seven hours. Flying a non-stop conventional flight from Boston-Logan (BOS) to Los Angeles International Airport (LAX) is about six hours. Flying the same route at Mach 2 (1,325 mph) and 60,000 ft, the flight time is two hours and 45 minutes. Thousands of travelers in the U.S. would readily spend the extra money to fly coast-to-coast at 1,325 mph. NASA flew the Tupolev Tu-144's final flights as a testbed to develop the next generation of supersonic passenger aircraft. The Supersonic "Problem" As much as there is an existing demand for supersonic passenger service, regardless of the cost, there are just as many people who think it will never happen due to numerous perceived non-starters. Interestingly, the majority of negative comments come from folks who are unlikely to be aeronautical engineers. Here is a sample comment from a naysayer who was the first one to pop up in my browser. On Reddit, a user's handle, " Delphius 1 ," said: "Realistically, even with reduced noise supersonic technology, likely not, not for decades to reach the same volume to premium payout as subsonic transportation. Flights over general populations are the real problem here, until supersonic travel over them is accepted, it won't happen." At the time the Concorde discontinued its service 21 years ago, and up to the present day, Delphius 1's comments are not inaccurate. The idea of transcontinental supersonic flight could easily remain in stasis for another 20 years without any research and development (R&D) into mitigating sonic boom noise pollution. But this would be ignoring the fact that technological advances have solved many problems that were more vexing than mitigating supersonic noise pollution. The supersonic aircraft was not as beloved as many people think. NASA's X-59 QueSST Flight Demonstrator The FAA poses numerous restrictions on the use of the National Airspace System (NAS). Two longstanding NAS restrictions are supersonic flight and drone operations. In the past 10 years, there have been significant modifications to FAA regulations to accommodate drone operations. This did not happen without major strides in drone technology. Similarly, NASA, the FAA, and air carriers recognize that advancements in aviation technology have been moving along steadily and that flying supersonic in the NAS is likely achievable with some focused R&D. Industry technologists understand that the near-term solution is reducing the supersonic noise signature of aircraft destined to have a supersonic flight envelope. Over 50 charter trips were offered via Concorde, connecting passengers to unique destinations worldwide. If NASA and its partners want to solve the supersonic-over-land conundrum, a limited amount of R&D could be done by simulation and a wind tunnel. Since the Concorde is no longer able to provide high-speed and high-altitude research flights, NASA recognized they needed a testbed aircraft capable of sustained Mach 2 flight at 60,000 ft. The Lockheed-Martin X-59 is the intended demonstrator aircraft for studying the mitigation of sonic boom noise pollution. The X-59 will undergo its own flight testing before any sonic boom research. The first flight is scheduled for mid-2025. Next steps for the X-59 Project The X-59 QueSST is the R&D test aircraft; but how would the project engineers study the sonic boom from the ground, 11 miles (60,000 ft) away? The only answer is to install the necessary test equipment in another Mach 2 aircraft. They needed a supersonic chase plane. When casting about for a supersonic chase plane capable of flying higher than 60,000 ft, it quickly came down to only one aircraft, a two-seat Boeing F-15D Eagle. The F-15's service ceiling is 65,000 ft., but not in sustained flight at Mach 2. With a maximum fuel load and no external stores, the F-15 can fly 15 minutes at 60,000 ft and Mach 2 before the pilot has to break off for refueling. With proper flight test planning, NASA will conduct sonic boom testing in 15-minute sessions. NASA had one more problem to address: a deficient life support system aboard the F-15 chase planes. NASA's concern was the hypoxia risk for F-15 aircrew members. The Air Force's Handbook of Aerospace and Operational Physiology, 2nd Edition, defines hypoxia as: A state of oxygen deficiency in the blood, cells, or tissues sufficient to cause an impairment of function. More simply, hypoxia means "reduced oxygen" or "not enough oxygen." Since the brain is particularly vulnerable to oxygen deprivation, a reduced level of mental function while flying can result in an airborne mishap. The problem with hypoxia is that it usually occurs gradually. Pilots are trained to recognize the onset of hypoxia, including, headache, dizziness, lightheadedness, and tunnel vision. % of Oxygen Blood Saturation Effects of Hypoxia (low blood oxygenation) 93% or higher No ill effects 93% to 80% Low light (Night Visual Sensitivity) 80% to 72% Impaired recent memory and difficulty with simple math 72% to 59% Altered judgment & impaired physical coordination 59% to 46% Unconsciousness in Hours 46% to 21% Unconsciousness in Minutes 21% to Zero Unconsciousness in Seconds F-15s typically fly with their cockpit pressurized to 8,000 ft MSL. Above 8,000 ft., it is standard procedure for the crew to wear their oxygen masks to mitigate the possibility of becoming unconscious due to rapid depressurization. If the F-15 depressurizes below 40,000 ft., the standard life support system will aid the aircrew's respiration by providing "Positive Pressure Breathing" (PPB). When depressurization occurs above 40,000 ft, the PPB function begins to struggle to push enough oxygen to avoid hypoxia. Brian Griffin, deputy operations leader for NASA's Low Boom Flight Demonstrator Project said: "Pretend you're breathing through an inflated balloon. If you don't control it [Positive Pressure Breathing], the air in the balloon will rush back into your lungs. And to exhale you have push harder than the balloon is pushing back at you." Griffin's colleague, Ben Cacanindin, the X-59 aircraft operations engineer, described the application of PPB at 60,000 ft as " like sucking on a leaf blower! " To cope with a possible F-15 cockpit depressurization while flying chase at 60,000 ft. NASA decided to upgrade the life support system to provide an even higher PPB oxygen flow. Rather than investing the time and expense to design a new life support system, the project team decided to adapt the system currently aboard the F-22 fighter jet. The F-22 had its own pilot hypoxia problem, too, but it was resolved in 2012. All F-22s were subsequently retrofitted. Adapting the more robust life support system to the F-15 took quite a bit of work to figure out how to install the added system components. Subsequent flight testing of the F-15 chase plane demonstrated that it is prepared for its role in low boom testing whenever the X-59 QueSST is ready. Provided the X-59's flight testing shows the plane is safe to fly, sonic boom testing will commence in 2026.
Investors Are Piling Into Palantir, but Its AI Competitor Might Outperform It in 2025FARGO — When Steve D. Scheel received the North Dakota Theodore Roosevelt Rough Rider Award, he couldn’t help but thank the leaders and staff at Scheels. “If there was ever a Team Rough Rider Award, this would be it,” he said Tuesday, Nov. 26, at the Fargo store. ADVERTISEMENT The former Scheels board chairman, president and CEO became the 50th recipient of North Dakota’s highest citizen honor. Employees looked on from the second floor of the sporting goods retailer’s headquarters as state officials unveiled a portrait of Scheel. “Part of the joy that Theodore Roosevelt had was that he had found purpose in seeking new frontiers,” said North Dakota Gov. Doug Burgum. “Today, we’re celebrating another legendary North Dakotan who found his frontier. Some might say that he found it in sporting goods. He might have found it in retail, but I think you know from the presentations this morning that the joy of his frontier was ... inspiring others to lead and creating opportunities for others.” Scheel became Scheels president, CEO and chairman in 1989. He is credited with taking the Scheels brand from a home and hardware store to a sporting goods chain. Scheel said he wanted to make his company not just about selling sporting goods. He wanted to create a customer experience for families. He added a number of attractions, including Ferris wheels in 16 stores and Fuzziwig’s Candy Factory in 19 stores. “Steve had the vision,” said Scheels CEO Matt Hanson. “Vision is part of Steve’s legacy.” Scheel said it took him too long to understand the value of entertainment and attractions in retail. He mentioned studying other stores such as Cabela’s and Toys R Us. He said he got strange looks as he brought the ideas up at board meetings, but the changes paid off. Over his 35 years at the helm, Scheel helped expand his company to 13,000 associates at 34 stores. Scheels went from having a presence in three to 16 states. ADVERTISEMENT Scheel also focused his time on “the culture of leadership,” Hanson said. In 2001, Scheel changed the title of manager to leader, and he dubbed himself “head cheerleader.” Scheel is known for his philanthropy, from donating money for large sports complexes like the Scheels Arena in Fargo to creating a program for employees to donate $500 to a person in need. “It’s easy to look around Fargo-Moorhead and see all the good Steve has done,” Hanson said. “What you won’t see is all the other things he’s done anonymously. But even more important is how Steve has developed a culture of giving back in our 34 stores.” In an emotional moment, Burgum recalled going to Scheels as a child and dreaming about buying a Schwinn bicycle. He said he saved enough money for the purchase by working on his family farm and local grain elevator. “I remember the day I bought that bike,” Burgum said. “Take yourself back to the first time you walked into a Scheels store and had a dream about, if you worked hard, that you might be able to do something.” Scheel said he has been surrounded by talented people, and he is proud of his staff. “Mine hasn’t been a job, hasn’t been a career,” he said. “It’s been a love affair, a love affair with the retail business and our people at Scheels for over five decades.” ADVERTISEMENT
Another weekend of downhill skiing at Loch Lomond Ski Area
The stock market could be a key check on Trump's agenda in his 2nd term