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AP Sports SummaryBrief at 6:40 p.m. ESTWhether it's socks or stocks, I like buying good-quality products when they're on sale (think cheap Australian shares!). Prudent brokers and investors are always on the hunt for undervalued investment opportunities, and there's never been a better time for those seeking to 'buy a dollar coin for 50 cents'. This crowd of is a contrarian bunch who aren't afraid to seek out and buy assets at cheap prices. Two ASX shares, ( ) and ( ), have caught the attention of brokers for their cheap valuations and upside potential. Here's a look. Cheap Australian shares for the Christmas list If Santa Claus really is coming to town, then it's cheap Australian shares on the list for me. And by cheap, I'm talking about shares with plenty of upside potential. First up is Medibank Private, the health insurer. Medibank shares have been under pressure in recent months, sliding from highs of $3.99 in September. Zooming out, the stock has been ever since last year's widely publicised data breach. This was compounded by its In FY24, Medibank reported a nearly 5% increase in revenues to just over $8 billion, driven by a 4% rise in premium income from its core Health Insurance business. However, resident policyholder growth of 70 basis points fell well short of management's 1.5%–2% target. Despite this, some analysts see upside potential. Consensus estimates peg the private health insurer's FY25 earnings at 23 cents per share, an 18% improvement year on year. The median estimate rates Medibank a buy, according to CommSec. Ord Minnett is one of the bullish crowd and rates Medibank shares as a buy, with a price target of $4.25. It also forecasts of 17.5 cents per share in FY25 and 17.8 cents in FY26. If Ord Minnett is correct, the total return for the coming 12 months, dividends included, could be more than 18.5%. Treasury Wine Estate: Undervalued or not? Treasury Wine Estates is the steam engine behind brands like Penfolds, Wolf Blass, and 19 Crimes. Wine lovers will raise an eyebrow at the sight of those names, popular or not. According to CommSec, the cheap Australian share is rated a strong buy from consensus estimates. Of the 17 analysts covering it, only three suggest holding. There are no sell ratings. Morgans sees the recent acquisition of DAOU Vineyards in the company's 'premiumisation' strategy. The $1.4 billion deal is set to expand the company's portfolio in the Americas. The broker said DAOU Vineyards was known as a high-margin, luxury wine offering. This differs from many wines that are considered a commodity, only differentiated by taste. Morgans rates also Treasury Wine Estates a buy with a price target of $15.03. At the current share price of $11.14, this implies a potential upside of almost 35%. Foolish takeaway Both Medibank and Treasury Wine Estates present as interesting opportunities for investors seeking cheap Australian shares. If targets are met, today's values appear adequately priced, according to some experts. The potential upside implied by broker estimates also delivers a wide margin of safety. This is a critical concept of value investing. Medibank stock is up 8% in the past year and Treasury Wine shares are up nearly 6%.
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The Election Commission (EC) will continue to probe former prime minister Thaksin Shinawatra 's alleged manipulation of the P heu Thai Party and interference in the coalition government, even after the Constitutional Court ruled to reject a petition claiming Thaksin and the ruling party had tried to overthrow the constitutional monarchy, said the EC. "Even though these matters concern the same facts [about Thaksin's actions], the EC and the court use different laws in the handling of these petitions against Thaksin," EC secretary-general Sawang Boonmee said on Saturday. He was asked why the EC continues to probe Thaksin's alleged misconduct after the court on Friday decided to dismiss the petition lodged with it over Thaksin's alleged involvement in politics. The court based its judgement on whether Thaksin and Pheu Thai had violated Section 49 of the constitution, which covers misconduct and claims of whether they exercised their rights and liberties in a manner deemed as attempting to overthrow the constitutional monarchy, Mr Sawang said. The EC, on the other hand, is looking into petitions received over the Pheu Thai Party's alleged violation of the organic law on parties, which prohibits a party from consenting to being manipulated or interfered with by an outsider, which in this case is alleged to be Thaksin, said Mr Sawang. He highlighted the difference by giving an example in which the EC had rejected a petition against the now-defunct Move Forward Party (MFP), while a similar petition made its way to the court. The case concerned the MFP's abuse of its rights and liberties in a manner deemed as attempting to overthrow the democratic regime of government with the King as head of state, which the EC actually has no authority to examine, he said. Despite being spared the legal hurdle attached to the petition which was dismissed by the court on Friday, Thaksin still faces at least two other cases: one being handled by the EC and the other by the Criminal Court. In the first case, Pheu Thai and its former coalition parties in the Srettha Thavisin administration could end up being disbanded if they are proven to have consented to Thaksin's alleged interference and manipulation, a violation of Section 29 of the organic law on parties. The primary allegation of undue political influence relates to Pheu Thai and present and former coalition parties members meeting Thaksin at his Chan Song La residence in Bangkok on the day Mr Srettha was dismissed as prime minister by the Constitutional Court on Aug 14. During that meeting, coalition parties members and Thaksin discussed possible replacements for Mr Srettha. Thaksin also reportedly intervened in the selection of a prime ministerial candidate after Mr Srettha was removed from office. Among the other pieces of evidence submitted to back the allegations are Thaksin's interviews given on several occasions about Pheu Thai's policies and the policies of the coalition, a number of which were mentioned by Thaksin at the high-profile forum on Aug 22 before they were actually adopted by the coalition. The other case faced by the former prime minister concerns his alleged violation of Section 112 of the Criminal Code, better known as the lese majeste law. In this case, Thaksin stands accused of violating the law by giving an interview with a news agency in Seoul in 2015 in a manner deemed hostile to the monarchy. In another development, Pheu Thai's legal team says it will file a counter suit against lawyer Teerayut Suwankesorn who lodged the case which the court threw out on Friday.NEW YORK (AP) — A federal judge is signaling that Rudy Giuliani’s contempt hearing next Friday might not end so well for the former New York City mayor and onetime personal lawyer for President-elect Donald Trump as two Georgia election poll workers try to collect a $148 million defamation award they won against him. Read this article for free: Already have an account? To continue reading, please subscribe: * NEW YORK (AP) — A federal judge is signaling that Rudy Giuliani’s contempt hearing next Friday might not end so well for the former New York City mayor and onetime personal lawyer for President-elect Donald Trump as two Georgia election poll workers try to collect a $148 million defamation award they won against him. Read unlimited articles for free today: Already have an account? NEW YORK (AP) — A federal judge is signaling that Rudy Giuliani’s contempt hearing next Friday might not end so well for the former New York City mayor and onetime personal lawyer for President-elect Donald Trump as two Georgia election poll workers try to collect a $148 million defamation award they won against him. Judge Lewis J. Liman in Manhattan issued an order Friday in which he was dismissive of what he described as attempts by Giuliani and his lawyer to dodge providing information to the election workers’ lawyers. And he said the litigants should be ready at the contempt hearing to explain why he should not grant a request by lawyers for the two election workers that he make adverse inferences from evidence in the case that would put Giuliani’s Palm Beach, Florida, condominium in danger of being surrendered to satisfy the defamation award. The judge also said he may rule on the contempt request at the hearing. Giuliani has maintained that the Palm Beach property is his personal residence now and should be shielded from the judgment. He faces a Jan. 16 trial before Liman over the disposition of his Florida residence and World Series rings. Lawyers for the election workers filed the contempt request after saying Giuliani had failed to turn over a lease to his Manhattan apartment, a Mercedes, various watches and jewelry, a signed Joe DiMaggio shirt and other baseball momentos. The judge ordered Giuliani to turn over the items in October. Winnipeg Jets Game Days On Winnipeg Jets game days, hockey writers Mike McIntyre and Ken Wiebe send news, notes and quotes from the morning skate, as well as injury updates and lineup decisions. Arrives a few hours prior to puck drop. A request for comment was sent to a lawyer for Giuliani, who was supposed to be deposed on Friday. In October, Liman ordered Giuliani to turn over many of his prized possessions to the poll workers. Giuliani’s lawyers have predicted that Giuliani will eventually win custody of the items on appeal. The contempt hearing follows a contentious November hearing in which Giuliani, a former federal prosecutor, became angry at the judge and said Liman was treating him unfairly. Giuliani was found liable last year for defaming the two Georgia poll workers by falsely accusing them of tampering with ballots during the 2020 presidential election. The women said they faced death threats after Giuliani falsely claimed they sneaked in ballots in suitcases, counted ballots multiple times and tampered with voting machines. Advertisement Advertisement
Fred Harris, a former U.S. senator from Oklahoma, presidential hopeful and populist who championed Democratic Party reforms in the turbulent 1960s, died Saturday. He was 94. Harris’ wife, Margaret Elliston, confirmed his death to The Associated Press. It was not immediately clear where he died, but he had lived in New Mexico since 1976 and was a resident of Corrales at the time of his death. “Fred Harris passed peacefully early this morning of natural causes. He was 94. He was a wonderful and beloved man. His memory is a blessing,” Elliston said in a text message. Harris served eight years in the Senate, first winning in 1964 to fill a vacancy, and made unsuccessful bid for the presidency in 1976. It fell to Harris, as chairman of the Democratic National Committee in 1969 and 1970, to help heal the party’s wounds from the tumultuous national convention in 1968 when protesters and police clashed in Chicago. Get the latest breaking news as it happens. By clicking Sign up, you agree to our privacy policy . He ushered in rule changes that led to more women and minorities as convention delegates and in leadership positions. “I think it’s worked wonderfully,” Harris recalled in 2004, when he was a delegate to the Democratic National Convention in Boston. “It’s made the selection much more legitimate and democratic.” Former Oklahoma Sen. Fred Harris stands outside his Corrales, N.M., home, Friday, July 23, 2004. Credit: AP/Jake Schoellkopf “The Democratic Party was not democratic, and many of the delegations were pretty much boss-controlled or -dominated. And in the South, there was terrible discrimination against African Americans,” he said. Harris ran unsuccessfully for the Democratic presidential nomination in 1976, quitting after poor showings in early contests, including a fourth-place win in New Hampshire. The more moderate Jimmy Carter went on to win the presidency. Harris moved to New Mexico that year and became a political science professor at the University of New Mexico. He wrote and edited more than a dozen books, mostly on politics and Congress. In 1999 he broadened his writings with a mystery set in Depression-era Oklahoma. Throughout his political career, Harris was a leading liberal voice for civil rights and anti-poverty programs to help minorities and the disadvantaged. Sen. Fred Harris of Oklahoma at a Democratic party commission meeting on March 1, 1969, in Washington. Credit: AP “Democrats everywhere will remember Fred for his unparalleled integrity and as a pioneer for instituting core progressive values of equity and opportunity for prosperity as core tenets of our party,” the Democratic Party of New Mexico said in a statement. Along with his first wife, LaDonna, a Comanche, he also was active in Native American issues. “I’ve always called myself a populist or progressive,” Harris said in a 1998 interview. “I’m against concentrated power. I don’t like the power of money in politics. I think we ought to have programs for the middle class and working class.” New Mexico Gov. Michelle Lujan Grisham praised his work for their shared state and the nation. “In addition to being a highly accomplished politician and professor, he was a decent, honorable man who treated everyone with warmth, generosity, and good humor,” she said in a statement. “Sen. Harris was a lesson in leadership that public officials would be wise to emulate now and forever.” Harris was a member of the National Advisory Commission on Civil Disorders, the so-called Kerner Commission, appointed by then-President Lyndon Johnson to investigate the urban riots of the late 1960s. The commission’s groundbreaking report in 1968 declared, “our nation is moving toward two societies, one black, one white — separate and unequal.” Thirty years later, Harris co-wrote a report that concluded the commission’s “prophecy has come to pass.” “The rich are getting richer, the poor are getting poorer and minorities are suffering disproportionately,” said the report by Harris and Lynn A. Curtis, president of the Milton S. Eisenhower Foundation, which continued the work of the commission. Norman Ornstein of the American Enterprise Institute said Harris rose to prominence in Congress as a “fiery populist.” “That resonates with people ... the notion of the average person against the elite,” Ornstein said. “Fred Harris had a real ability to articulate those concerns, particularly of the downtrodden.” In 1968, Harris served as co-chairman of the presidential campaign of then-Vice President Hubert Humphrey. He and others pressed Humphrey to use the convention to break with Johnson on the Vietnam War. But Humphrey waited to do so until late in the campaign, and narrowly lost to Republican Richard Nixon. “That was the worst year of my life, ’68. We had Dr. Martin Luther King killed. We had my Senate seatmate Robert Kennedy killed and then we had this terrible convention,” Harris said in 1996. “I left the convention — because of the terrible disorders and the way they had been handled and the failure to adopt a new peace platform — really downhearted.” After assuming the Democratic Party leadership post, Harris appointed commissions that recommended reforms in the procedures for selecting delegates and presidential nominees. While lauding the greater openness and diversity, he said there had been a side effect: “It’s much to the good. But the one result of it is that conventions today are ratifying conventions. So it’s hard to make them interesting.” “My own thought is they ought to be shortened to a couple of days. But they are still worth having, I think, as a way to adopt a platform, as a kind of pep rally, as a way to get people together in a kind of coalition-building,” he said. Harris was born Nov. 13, 1930, in a two-room farmhouse near Walters, in southwestern Oklahoma, about 15 miles from the Texas line. The home had no electricity, indoor toilet or running water. At age 5 he was working on the farm and received 10 cents a day to drive a horse in circles to supply power for a hay bailer. He worked part-time as a janitor and printer’s assistant to help for his education at University of Oklahoma. He earned a bachelor’s degree in 1952, majoring in political science and history. He received a law degree from the University of Oklahoma in 1954, and then moved to Lawton to practice. In 1956, he won election to the Oklahoma state Senate and served for eight years. In 1964, he launched his career in national politics in the race to replace Sen. Robert S. Kerr, who died in January 1963. Harris won the Democratic nomination in a runoff election against J. Howard Edmondson, who left the governorship to fill Kerr’s vacancy until the next election. In the general election, Harris defeated an Oklahoma sports legend — Charles “Bud” Wilkinson, who had coached OU football for 17 years. Harris won a six-year term in 1966 but left the Senate in 1972 when there were doubts that he, as a left-leaning Democrat, could win reelection. Harris married his high school sweetheart, LaDonna Vita Crawford, in 1949, and had three children, Kathryn, Byron and Laura. After the couple divorced, Harris married Margaret Elliston in 1983. A complete list of survivors was not immediately available Saturday.
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