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Gerry Harvey issues dire warning about Australia's future - and why we should all be worried Billionaire predicts 'black hole' of debt READ MORE: Aussie billionaire Gerry Harvey rips into the Albanese government with foul-mouthed takedown of the Budget By HARRISON CHRISTIAN FOR DAILY MAIL AUSTRALIA Published: 21:45, 27 November 2024 | Updated: 22:17, 27 November 2024 e-mail 17 View comments Billionaire Gerry Harvey has predicted Australia is heading into a 'great big black hole' of debt, with high inflation and no big interest rate drops for the next 12 months. The Harvey Norman co-founder, 84, made the comments after the retail group's annual shareholder meeting on Wednesday. 'Debt is a huge problem going forward, because the way that we are travelling at the moment, we are heading into a great, big black hole,' he told the Australian. 'That is not going to happen tomorrow. But if you’re trying to figure out five years from now, where will Australia be with the way we are behaving at the moment, we’ll be in a much, much worse position than we are today because of the cost of all of things the government wants – health, aged care, NDIS and social services – all this money they need, they haven’t got it. 'Where are they going to get it (money) from? Are they going to borrow it, what are they going to do?' Mr Harvey described the Aussie economy as 'okay' but hampered by high inflation, made worse with high government spending. 'Governments can’t spend all this money and throw money out there in the economy, and then expect interest rates to drop and inflation to drop. It can’t happen,' he said. 'And interest rates will not come down, or if they do it will be very minimal. We can be sitting here this time next year, and our interest rates might not be any different to what it is now, or it might be marginally lower, but it’s not going to be 2 per cent or 3 per cent where it was.' Billionaire Gerry Harvey has predicted Australia is heading into a 'great big black hole' of debt, with high inflation and no big interest rate drops for the next 12 months Mr Harvey has previously slammed the Albanese government and accused it of playing politics in its 'irresponsible' Budget released in May . He said his power bills had doubled in the past two years as the government pushed renewable energy - and labelled Australia and New Zealand the worst of the eight countries where Harvey Norman operates. 'When I look at what it costs me now to run my warehouses as opposed to a couple of years ago, it's 100 per cent more. 'Anything you do at the moment in development costs is just so high and the government is not doing anything to reduce that.' But despite Mr Harvey's gloom about the economy, at Wednesday's AGM Harvey Norman reported total sales were up 1.7 per cent between July and October, with same-store sales up 1.4 per cent. At Australian stores, total sales were up 3.2 per cent, and same-store sales had increased 3.1 per cent. Harvey Norman chief executive Katie Page told shareholders online shopping wasn't a threat to the retailer but simply gave customers more flexibility to browse, order and pick up items. Harvey Norman, co-founded by Harvey and Ian Norman in Auburn, NSW in 1982, now has 198 franchised complexes and 120 company-operated stores in eight countries. Share or comment on this article: Gerry Harvey issues dire warning about Australia's future - and why we should all be worried e-mail Add comment
As Trump prepares to take office, ports and dockworkers are facing down a new strikeCricket Don't miss out on the headlines from Cricket. Followed categories will be added to My News. The cricket world was all left saying the same thing as Shane Warne’s kids spread the legend’s message during the Boxing Day Test. Aussie cricket great Darren Lehmann said the Spin King would have had a tear in his eyes watching children Jackson and Brooke conduct themselves on the biggest day of the cricketing year. It was Jackson in particular that caught the eye with commentators struck by how much the 25-year-old sounds like his father. The siblings conducted a number of interviews throughout the Test between Australia and India at the MCG , with the annual contest now largely devoted to the Victorian, who sadly died at the age of 52 in March, 2022, leaving behind his three children — Brooke, Jackson and younger sister Summer. Watch every ball of Australia v India LIVE & ad-break free during play in 4K on Kayo | New to Kayo? Get your first month for just $1. Limited time offer . Warne died of a heart attack in Thailand, leading to the creation of a hearth health check through the Shane Warne Legacy, which has been a feature of the past two Boxing Day Tests. Jackson and Brooke, 27, spoke with ABC Grandstand during the opening day and their classy behaviour had plenty of people applauding the pair. “Well done guys, extremely proud,” Lehmann said at the end of the interview. “Warnie would be down there with a tear in his eyes with something like that, with his kids running around. “The legacy you’ve started, the Warne family would be extremely proud, so well done guys.” It was remarkable to note the similarities between Jackson’s commentary and his father’s TV presentation style as a Fox Cricket analyst and during his playing career. Brooke and Jackson Warne take a selfie. Picture: Michael Klein Brooke and Jackson Warne honour their dad Shane Warne on the boundary rope at 3.50pm. Picture: Michael Klein. ABC producer Ben Cameron wrote on X that a listener had texted into the broadcast to praise the siblings. “SMS line said it, ‘I always heard Warnie had good manners, it shows in his children’,” he posted. Other listeners said the same thing. “Jeez Jackson Warne speaks well. His dad would be so proud,” one fan wrote on X. Another posted: “Lovely chat. Warnie would be very proud of his children.” Sport commentator Ralph Horowitz also wrote: “How good Jackson Warne on Channel 7 giving the Shane Warne legacy a plug, but pausing on his points as each delivery is bowled. Natural. “Jackson Warne speaks very well. Seems a genuine young fella. The great man would be very proud.” During the conversation, Jackson was keen to spread the heartbreaking message that they don’t want any other family to receive the sort of call they did when they learned of their famous dad’s passing. Brooke and Jackson Warne honour their dad Shane Warne on the boundary rope at 3.50pm. Picture: Michael Klein “We just want to have as many families (as possible) not get the same phone call we got,” he said. “If we can have a tangible product like these machines that does check for your heart, it means that’ll go down, and we just want to spread as much awareness for heart health possible. “I think we’re doing pretty good.” Brooke was also asked about the family’s resilience in continuing to do their dad proud after such a tragedy in their lives. “We’ve been brought up very well,” she said on the ABC. “We’ve been brought up to be strong and tough and be respectful. “We’re just grateful we have amazing parents and dad’s taught us amazing life lessons and we just take them every day. “We’re going good. We’ve got a good family and partners and friends and we’re very grateful.” Jackson also said the siblings are trying to be strong because that is how they were raised. “You’re exactly right, we saw dad go through so much, negative and positive, and throughout his entire life he’d always come out the other end stronger,” he said. Brooke, Jackson and Summer Warne. Picture: Supplied/Instagram “So for me, Brooke and Summer, and all of his friends speak about him with such joy and happiness. “Obviously it is very sad that he isn’t here, but he was such a strong person that when we talk about him, we have to be strong. “To be able to spread the message of heart health and make sure dad’s memory stays alive, whether it be through cricket or not, is really powerful. “Everybody’s just trying their best and we know we’re doing something right and helping people along the way.” Brooke and Jackson performed the now-traditional Boxing Day hat flip to honour their father. Many fans in the record crowd at the MCG were wearing wide brim hats in a nod to the leg-spin legend who often wore one instead of his baggy green. Brooke and Jackson stood on the MCG field and tipped their caps at 3.50pm as the stadium honoured Warne with a brief ceremony. Warne was Australia’s No. 350 Test cricketer. More Coverage ‘Jealous’ Kohli slammed over key moment Alex Blair and James Dampney ‘Serial pest’ set for huge fine over stupid act James Dampney Originally published as ‘Tear in his eye’: Everyone says same thing about Warne kids Join the conversation Add your comment to this story To join the conversation, please log in. Don't have an account? Register Join the conversation, you are commenting as Logout More related stories Sport How Aussie legend created phenom’s ‘fearless’ superpower From ramp shots to revving up the MCG crowd, Sam Konstas is the teenage cricket star making Australians stand up and take notice. Here’s the secret behind Australia’s new ‘fearless’ freak. Read more Cricket India battling in MCG massacre as Kohli’s ‘schoolboy error’ lashed India is massively on the back foot at the MCG - and superstar Virat Kohli is still creating headlines, and copping heat from back home, for his game-changing runout. FOLLOW LIVE INSIDE. Read more
Dreams on a Pillow is a video game experience about the 1948 Nakba, an event where roughly 700,000 people were displaced from their land and homes due to Zionist occupation. The game, described as “a pseudo-3D stealth adventure game about a land full of people being made into a people without land,” is from Palestinian developer Rasheed Abu-Eideh. But before I tell you more about that, let me tell you about his previous game. In 2016, Abu-Eideh released Liyla and the Shadows of War , a game about a 2014 assault on Gaza by Israel, known as Operation Protective Edge. Liyla follows a Palestinian girl and her family as they navigate attacks in their neighborhood. It’s short but emotional, and it blends elements of platformers and choose-your-own-adventure storytelling. In 2021, the game was a part of an Indie Bundle Pack that raised nearly $900,000 for Palestinian aid through UNRWA USA. Currently, Liyla and the Shadows of War is free on mobile and Windows. But back in 2016, it was initially rejected as a game in the Apple App Store. Abu-Eideh was told to remove all description of it as a “Game” and re-categorize it as “News” or “Reference” due to its political nature. The hypocrisy of the decision was noted by many at the time: As reported by Eurogamer , Apple denied Liyla as a game, but allowed a game called Israeli Heroes in the game section. After Abu-Eideh spoke about Apple’s decision on social media, Apple finally allowed Liyla to be categorized as a game. Dreams on a Pillow is currently being crowdfunded by Abu-Eideh on LaunchGood till Jan. 13, and funds raised from the LaunchGood campaign will go towards asset creation, outsourcing, and salaries for the current team of 9 individuals. The game is aiming to launch in Q4 2026. Gaming News Video
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Time magazine gave Donald Trump something it has never done for a designee: a lengthy fact-check of claims he made in an accompanying interview. The accompanies a transcript of what the president-elect told the newsmagazine’s journalists. Described as a “12 minute read,” it calls into question 15 separate statements that Trump made. It was the second time Trump earned the Time accolade; he also won in 2016, the first year he was elected president. Time editors said it wasn’t a particularly hard choice over other finalists Kamala Harris, Elon Musk, Benjamin Netanyahu and Kate Middleton. Time said Friday that no other Person of the Year has been fact-checked in the near-century that the magazine has annually written about the figure that has had the greatest impact on the news. But it has done the same for past interviews with the likes of Joe Biden, Netanyahu and Trump. Such corrections have been a sticking point for Trump and his team in the past, most notably when ABC News did it with Democrat Kamala Harris this fall. There was no immediate response to a request for comment on Friday. In the piece, Time called into question statements Trump made about border security, autism and the size of a crowd at one of his rallies. When the president-elect talked about the “massive” mandate he had received from voters, Time pointed out that former President Barack Obama won more electoral votes the two times he had run for president. The magazine also questioned Trump’s claim that he would do interviews with anyone who asked during the campaign, if he had the time. The candidate rejected a request to speak the magazine said. “In the final months of his campaign, Trump prioritized interviews with podcasts over mainstream media,” reporters Simmone Shah and Leslie Dickstein wrote.Should the U.S. increase immigration levels for highly skilled workers?
Michael Chandler has insisted that he didn’t break any rules during his controversial defeat to Charles Oliveira earlier this month. The lightweight stars rematched at Madison Square Garden in the co-main event of UFC 309 , with Oliveira coming out on top after a five round battle. There was no issue with the decision, but Chandler’s late onslaught saw him throw a number of elbows that were believed to be illegal. At one point the former Bellator champion managed to drop Oliveira towards the end of the fight, and it was widely believed that the shots he threw after the fact were not allowed. However, he reckons referee Keith Peterson was right not to call it, and defended his actions. Who is Michael Chandler? Meet the iconic lightweight MMA fighter with a flare for the dramatic Charles Oliveira claimed Michael Chandler threw illegal elbows at UFC 309 In the immediate aftermath of their five-round rematch, Charles Oliveira and Michael Chandler appeared to be respectful of one another. They earned fight of the night bonuses that added $50,000 to their fight purses, and were positive in their post-fight comments. However, Oliveira did have one critique, declaring that Chandler had used a number of illegal tactics in order to gain an advantage. Aside from the back of the head shots, he also reckoned the American broke other rules. “You know, I’m not here to criticize,” Oliveira told the media on fight night after his victory. “But I want to tell you something, there were a lot of blows to the back of the head, a lot of fence grabbing, there was also some eye-pokes. “And I was telling him [the referee] what was going on. I kept calling for his attention and nothing would happen. I’d hoped that he would intervene, but nothing happened, so I’m not here to criticize.” UFC fighters believe Michael Chandler cheated in Charles Oliveira fight The incident was not the first time Chandler has been accused of being a dirty fighter, with Dustin Poirier infamously declaring he had used illegal tactics in their 2022 meeting. And a number of UFC stars who were watching on the night noticed his cheeky efforts, and took to social media with their opinions. Featherweight contender Sodiq Yusuff wrote in a sarcastic message: “If Chandler ain’t cheating he ain’t trying,” before adding a few minutes later: “Wow what a crazy twist. 56 shots to the back of the head but hey.” Billy Quarantillo, who also competes at 145lb, then joked that “Chandler was losing 4 rounds so Keith let him land all the back of the head shots.” Jessica Penne then asked her followers “Are we not calling strikes to the back of the head anymore?” Michael Chandler defends himself against cheating allegations However, Michael Chandler has staunchly defended himself against accusations of cheating. During an appearance tonight on The Ariel Helwani Show , he promised that he was within the rules, noting that Peterson not stepping in was a sign he was legally elbowing. “Watching it on TV wasn’t as appealing to me,” he said. “The commentary, when it comes to some of the stuff they were saying; the misinterpretation of what the back of the head is by the unified rules of Mixed Martial Arts. “The misinterpretation of what cage grapping is, and a couple of different things, it’s all water under the bridge at this point. But more than anything I’m an honest guy, I try to live pretty full of integrity and full of honesty and the narrative that has been painted is not very interesting to me. “I’m not very happy about it, but that’s all part of it... I’m not going to say I didn’t do anything wrong, okay? I’m not going to say that people couldn’t look at it and splice it and look at it under a fine tooth comb and a magnifying glass. “But the unified rules of Mixed Martial Arts say that there is a line drawn from the crown of the head down to the back of the head, one inch variance on either side. So you’re talking about a two-inch area on the back of someone’s head that is considered the back of the head. “If you watch 90 per cent of the shots, at least, most of them, almost all of them, my fist was catching the ear. If you’re catching the ear, that’s not the back of the head. Actually, what you and I would call the back of the head is not the actual definition of what it is. “A referee who was within two feet away never said one thing about it. Then you’ve got commentators who were 35-feet away saying it’s the back of the head and you’ve got other people saying it was back of the head. “If a a referee was saying ‘watch the back of the head,’ or ‘that is the back of the head’ then I’d understand.” Who is Dana White? All you need to know about the CEO and President of the UFCBieber re-signs with GuardiansUnique among ‘Person of the Year’ designees, Donald Trump gets a fact-check from Time magazine
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