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Max Chandler-Mather and Adam Bandt (Image: AAP/Lukas Coch) HOUSING AND SOCIAL MEDIA With so many bills before Parliament still waiting to be passed, scrapped or delayed before the end of this week there’s no shortage of angles this morning, although two measures in particular are attracting significant attention. The government’s housing bills and its rushed attempts to get the teen social media ban agreed upon have been dominating coverage overnight. Yesterday, the Greens agreed to pass the Albanese government’s Help to Buy and Build to Rent schemes after failing to win any of the concessions the party had held out so long for. As mentioned in yesterday’s Worm , it had been reported the prime minister went into this final sitting week planning on not conceding to any Greens amendments. On Monday afternoon his housing reforms managed just that. Guardian Australia flags Greens leader Adam Bandt and housing spokesperson Max Chandler-Mather claimed in a press conference they had pushed Labor “as hard” as they could without success. “The Greens can announce that we’ll be waving through Labor’s two housing bills after accepting that Labor doesn’t care enough about renters to do anything meaningful for them,” Chandler-Mather said. Earlier in the day Housing Minister Clare O’Neil had continued the government’s line that the Greens were deliberately blocking housing legislation during a housing crisis. “For two-and-a-half years now, the Australian Greens have done nothing but block and delay the action the government has attempted to take on housing,” she told ABC’s Radio National. Chandler-Mather countered at his press conference by saying his party had “passed every single piece of Labor’s housing legislation”, adding: “And if we come to the next election and there’s still a housing crisis — well, that’s a question Labor has to answer.” The Greens housing spokesperson is up again at the National Press Club later today for the Housing Policy Debate . AAP reports opposition housing spokesperson Michael Sukkar will “hint at ‘a comprehensive package’ of reforms aimed at freeing up access to finance” at the event. “If there’s one message I want Australians to take away from my remarks today, it’s that the coalition will not accept a generation of Australians not having the same opportunities that previous generations have enjoyed for home ownership,” Sukkar is expected to say. The other planned reform grabbing a lot of headlines this morning is the government’s pitch to ban children under 16 from social media. The Senate committee’s remarkable one-day hearing is due to report back today with plenty of opposition voiced to the government’s attempts to get the legislation passed before Parliament rises at the end of the week. AAP has compiled the objections from the social media platforms and says the Coalition has said it will reserve its final decision on the bill until it has received answers from the government. Meanwhile, Guardian Australia flags the Greens and One Nation have accused the government of trying to “ram” the legislation through Parliament. Meta said in its submission to the Senate inquiry there had been “minimal consultation or engagement” and called on the government to wait for the results of the age verification trial, which is not set to report back until the middle of next year. Snap Inc meanwhile expressed concern at “the extremely compressed timeline”, X criticised the “unreasonably short time-frame of one day”, and TikTok had a range of “serious, unresolved problems” with the proposals, AAP flags. The bill is set to be debated later this week. Capital Brief reported yesterday the government is also this week finalising its package of media reforms, which the social media platforms and search companies will no doubt have plenty to say about too. ECONOMIC SHOCKS As the government tries to get as much of its agenda passed this week as it can, it is also dropping pledges it knows it has no hope of getting done before election day. The Australian Financial Review reports the plan to increase the tax on superannuation accounts worth more than $3 million is unlikely to pass Parliament before the federal election. The paper says the legislation has been left off the bills the Albanese government is trying to pass this week and even if Parliament does return in February (which many reckon it won’t) it stands little chance of passing without major changes “with every Senate party and crossbencher opposed to it”. With so much government legislation still up in the air, the AFR also flags the Senate’s sitting hours have been extended this week. Elsewhere in its coverage , the paper says it has had internal analysis by the Reserve Bank of Australia about the impact of a Donald Trump presidency released to it under freedom of information laws. The analysis, which was conducted three weeks before the US election, found that under an “extreme” scenario of Trump imposing massive tariffs on Chinese goods, China’s economic growth would slow. That decline would have “relatively strong negative implications for Australia given the strength of export trade links”, the RBA analysis reportedly said. “In the extreme scenario, weaker export demand, and slower growth would be disinflationary, putting downward pressure on policy rate expectations, government bond yields and the Australian dollar. Equity prices would likely decline as earnings expectations are revised down.” The Australian carries the same analysis, which it also said it obtained under freedom of information laws. Elsewhere, AAP reports “Australia is waving goodbye to budget surpluses and returning abruptly to deficit”. The newswire flags the Deloitte Access Economics’ (DAE) prediction of a $33.5 billion deficit in 2024/25. During the last financial year a $15.8 billion surplus was recorded, so if the prediction proved correct it would “amount to the largest nominal contraction in the underlying cash balance on record, outside the pandemic”, AAP said. DAE partner and report co-author Stephen Smith also expressed concern about the impact on the Australian economy of Trump’s threatened tariffs. Back to Canberra to finish, Guardian Australia reports the government and the Coalition are close to a deal on passing all three of the migration bills up for debate tomorrow. The AFR says today’s focus will be on legislation related to multinational tax, education measures, and wage rises for childcare staff. ON A LIGHTER NOTE... It’s almost Christmas and Jude Law has taken it upon himself to remind people that movies aren’t real life. Apparently, fans of the 2006 festive film The Holiday were upset this week to learn the picturesque cottage that Kate Winslet’s character swaps for an LA pad belonging to Cameron Diaz’s is in fact not real. (Which is not new news, as MyLondon put it back in 2020: “The exterior was built especially for the movie on a hill outside [the village of] Shere.”) Appearing on BBC Radio 2, last week, Law was asked by a fellow guest, actress and comedian Kerry Godliman, if it was possible to Airbnb the famous cottage from the film. Cue Jude ruining everyone’s fun by, as reported by Yahoo , saying: “That cottage doesn’t exist. Ooh yeah. So, the director [ Nancy Meyers ], she’s a bit of a perfectionist — toured that whole area and didn’t quite find the chocolate box cottage she was looking for. So she just hired a field and drew [what she wanted] and had someone build it. But here’s the funny thing, if you watch it, so, we were shooting it in the winter here and every time I’d go in that door, we cut, and we shot the interiors in LA, about three months later.” So if you didn’t know before, now you do, films aren’t real life folks. Say What? Look, I remind myself that very many people didn’t vote Labour at the last election. I’m not surprised that many of them want a rerun. That isn’t how our system works. Sir Keir Starmer The UK Prime Minister has responded to an online petition signed by two million people calling for another election. The petition has been promoted by the likes of Elon Musk and Nigel Farage . As The Guardian puts it, calling for an election less than six months after the last one “and when the government has a working majority of 163 is clearly bonkers”. CRIKEY RECAP Labor gave the public one day to weigh in on teen social media ban. It got 15,000 responses ANTON NILSSON and CAM WILSON Prime Minister Anthony Albanese (Image: AAP/Mick Tsikas) The snap inquiry into Labor’s bill to ban under-16s from social media has generated a huge interest from the public, receiving about 15,000 submissions in just over a day, Crikey understands. The first and only hearing in the inquiry kicked off at 9am on Monday and was due to finish at midday. When the hearing was halfway done, at 11am, just 28 submissions had been uploaded on the committee website. The keen interest in the inquiry was boosted by a viral post from Elon Musk , who helped give the bill global media attention when he responded to a post on X by Prime Minister Anthony Albanese with the message: “Seems like a backdoor way to control access to the internet by all Australians.” Can Australia rely on its diplomats to be diplomatic? MARGARET REYNOLDS Despite this extensive in-service training of career diplomats, Australian governments frequently appoint politicians with scant special diplomacy skills to represent the nation overseas. Critics argue that elected members and senators representing either the Liberals or the ALP are not necessarily familiar with world affairs, and many would doubt their capacity to be diplomatic. Government leaders often make ambassadorial appointments when rewarding former ministers. These appointments are criticised as “jobs for the boys” — and indeed very few women have been anointed with this benefit. (We have yet to see a minor party or independent political appointment, so the partisan nature of this process reinforces the view that diplomacy should be about more than mateship.) Such political appointments can take advantage of the particular skills or experience of former parliamentarians, particularly in the case of former treasurers, ministers or prime ministers. However, it must be frustrating for career diplomats to be overlooked when their political masters prefer familiar former parliamentarians instead of professionals with years of experience in diplomacy and international relations. It might be easier to ask which of Trump’s cabinet picks HAVEN’T been accused of sexual misconduct CHARLIE LEWIS The relative calm in Trumpworld since the withdrawal last week of Matt Gaetz — the former Florida congressman initially tapped to be attorney-general — has given America-watchers the chance to ask broader questions about a second Trump administration. Questions like “Just how practical are the policies being promised?” and “Wait, how many of his cabinet choices have been accused of sexual misconduct?” READ ALL ABOUT IT Philippine President Ferdinand Marcos vows to fight back after vice-president makes public assassination threat (ABC) Netanyahu nears decision on ceasefire with Hezbollah, officials say ( The New York Times ) ($) Sixteen missing after Red Sea tourist boat sinks (BBC) University vice-chancellor pay to mirror top public service jobs ( The Australian ) ($) Trump Pentagon pick attacks UN and NATO and urges US to ignore Geneva Conventions ( The Guardian ) Barbara Taylor Bradford, the ‘grand dame of blockbusters’, dies aged 91 (Sky News) THE COMMENTARIAT Federal election 2025 will be the first vote where gen Z and millennials outnumber baby boomers at the ballot box — Patricia Karvelas (ABC): The era of baby boomers as the dominant voting force in Australian politics is at an end and the impact will play out at the next federal election, due by May. If you listen carefully, you can already hear that politicians know the power and numbers have shifted to younger people. We are already seeing political parties shift demographic focus and it’s something that will differentiate this next election from others in recent times, with a noticeable focus on young people. The 2025 federal election will be the first election where gen Z and millennials will outnumber boomers in every state and territory, dramatically changing the way political parties campaign and target voters. This is no small thing. Policy and political announcements designed around the perceived needs of boomers have been at the heart of Australian politics. Changing voter demographics will introduce a seismic shift. I used to think Australia was best served by a majority government. Now I’m not so sure — George Megalogenis (Guardian Australia): A comparison with Britain’s July 2024 election shows the Australian difference. The British people followed our lead by electing a Labour government with just a third of the primary vote, and sent a record number of women to the House of Commons (40.5%, compared with the 39.1% elected to our House of Representatives in 2022). The UK’s voluntary first-past-the-post voting system secured a landslide victory for Keir Starmer’s Labour; under our compulsory preferential voting system, Albanese’s Labor squeaked in with a majority of two seats. The revelation is in the splintering of the conservative vote. The majority of those who turned against Scott Morrison’s blokey government created a new independent female centre in the cities; by contrast, in the UK the Tories lost ground to the nationalist right. Where former Liberal voters elected Zoe Daniel and Allegra Spender to the House of Representatives, their counterparts in the UK sent Brexit town crier and Trump supporter Nigel Farage to the House of Commons. Australia’s protest vote sits in a global category of its own at the moment because it aims to force change on the system, not disrupt it. This tells us something about our underlying trust in the idea of government, and our willingness to be led from the centre, not the fringe. Whether it achieves its ambition will depend on the long-term significance of the last election. Did it signal a realignment which transferred power from the conservative regions to the progressive cities? Or was it just another version of the stalemate we have endured since 2010, in which no major party is able to govern with authority because each represents only a fraction of a divided nation?Planned Parenthood sees spike in demand for contraceptives after election
Australian PM ready to 'engage' with Musk on social media teen ban
Releasing Aaron Rodgers prior to June 1 would be a shortsighted move by the New York Jets , immediately hamstringing the new general manager with a devastating 2025 salary cap hit. In "What I'm hearing," The Athletic's Dianna Russini suggested that New York could send Rodgers packing sooner than later. "Some around the league say they won’t be surprised if Rodgers is cut in-season," said Russini . Other than embarrass Rodgers, releasing the quarterback within the next few weeks accomplishes nothing except put the Jets on the hook for $49 million in dead salary cap space in 2025. According to figures posted by sports news outlet uStadium , a pre-June 1 cut would mean New York would have to absorb the full dead cap hit next season. If they wait until after June 1 in the new league year, the Jets can spread the charge out in the form of $14 million in 2025 and $35 million in 2026. The salary cap will escalate over the next two years as the NFL continues to build its media rights revenues, so $35 million in 2025 will hit harder than in 2026. Right now, each team must comply with a $255.4 million spending limit. That number is projected to jump to $273.3 million next season. In 2026, it's scheduled to increase to $290 million. Cutting Rodgers right now would mean that the quarterback would occupy 18 percent of the Jets' 2025 salary cap space despite not even being on the team. RELATED: Jets' next game could be the last for 'disastrous' Aaron Rodgers experiment If New York is content with low expectations next year, owner Woody Johnson could elect to dismiss Rodgers early and all but sacrifice the 2025 campaign before it starts. There's speculation from multiple sources that Rodgers has been playing hurt over the past seven games. He ranks 30th amongst qualifying quarterbacks in yards per attempt (6.4) and hasn't shown the ability to stretch the field. Rodgers and the Jets (3-8) will be playing for their postseason lives on December 1 against the Seattle Seahawks at MetLife Stadium. More New York Jets News: • Ex-Jets' QB Ryan Fitzpatrick drags Aaron Rodgers, Jets • Why Woody Johnson finally fired Joe Douglas • Jets urged to make smart personnel move now with eye on future • Who is New York Jets' interim general manager Phil Savage? • Three serious candidates for Jets' head coaching jobAfter-hours movers: HP Inc., Dell Technologies, Workday and more
IND vs AUS 1st Test Live: Words and picture can't do justice to this IND vs AUS LIVE: Rishabh Pant with a bonkers six Make sense of this shot please! IND vs AUS 1st Test LIVE: SIX! TRADEMARK RISHABH PANT IN AUSTRALIA! Six towards backward square leg as Pant takes a tumble. Full delivery from Cummins, angled in around off stump, Pant collapses towards the off side and whips it over the fine leg boundary. If you're not watching this, go back later and do check this clip out. A must see! IND vs AUS 1st Test LIVE: FOUR! Nathan Lyon to Nitish Kumar Reddy and he's played another sublime reverse sweep for four! This one is squarer than the previous boundary, it played towards point, and it has the legs to race off to the rope IND vs AUS 1st Test LIVE: DROPPED! Rishabh Pant survives! Pat Cummins has dropped this at mid-on! Not the easiest of opportunities as Pant skies it while trying to whip a shot off the pads off Starc. Cummins ran backward and tried to hold on after getting his hands to it. It just didn't hold on IND vs AUS 1st Test LIVE: FOUR! He's just survived a sure-shot dismissal but Nitish Kumar Reddy is hoping to make the most of the life. He gets over the top of the full ball by Lyon, sends it towards backward point with a perfectly played reverse sweep IND vs AUS LIVE: Australia appeal, given not out Mitchell Starc with a searing delivery on the leg stump to Nitish Kumar Reddy. "I think he's hit it," reckons Carey. Not everyone is confident. Australia have one review remaining, they opt against taking it. Snicko shows there was a sound as the ball passed the glove. Nitish has survived as Australia don't review! IND vs AUS LIVE: FOUR! FOUR! Nitish Kumar Reddy with great way to get going. The India debutant not shying away from going into the attack and against Lyon at that. Full from Lyon, Nitish clears leg and hits it down the ground to open the mark. Two balls later, he dances down the track and plays it inside out and to the left of the mid-off IND vs AUS LIVE: FOUR! Into the slot and Rishabh Pant goes to hammer it! Pant dances down the track to a delivery outside off and whacks it with a cross-bat towards long off. Brilliantly done! IND vs AUS LIVE: Australia review Australia's appeal for a caught behind is turned down by the on-field umpire. They've got one right, one wrong. And this one goes into the wrong column. The snicko shows nothing as the ball passes Rishabh Pant's bat. Good length ball from Cummins, angled and passed the outside edge. Luckily for India, no bat involved IND vs AUS LIVE: 'Brilliant bowling' IND vs AUS LIVE: WICKET! GONE! Washington Sundar walks for 4. Marsh has his second of the session and India are in deep trouble. Bounce, angles away, Sundar pokes at it and pays for it. The ball hits high on the bat and Carey holds on with utter ease Sundar c Carey b Marsh 4 (15) INDIA 73/6 IND vs AUS LIVE: FOUR! Rishabh Pant has had enough of defensive, passive batting. He goes to attack, launches into Pat Cummins, goes for the counter and the edge flies over the slip cordon for a four. He bumps gloves once-twice-thrice-four times with Washington Sundar at the other end IND vs AUS LIVE: WICKET! GONE! Five down! Perfect length from Mitchell Marsh, outside off, seams away a touch and Dhruv Jurel tries to defend, ends up edging it to Marnus Labuschagne at second slip Dhruv Jurel c Labuschagne b Marsh 11 (20) India are 59/5 Subscribe to our newsletter and get all the stories that matter delivered to your inbox IND vs AUS LIVE: FOUR! Short by Pat Cummins, Dhruv Jurel stands up to it and gently guides it past backward point for a boundary. Well played! IND vs AUS LIVE: Second session underway First ball after lunch break is from Mitchell Marsh and the delivery outside off is well wide and left to safety by Rishabh Pant, who is on 10. He has Dhruv Jurel at the other end on 4. India begin the session from 51/4 IND vs AUS LIVE: Virat Kohli fell to un "unplayable ball" India vs Australia LIVE: Former umpire on KL Rahul decision Simon Taufel: "We saw with that side on shot there was a spike on RTS with the bat away from the pad, in other words the bottom of the bat hadn't reached the pad. "Therefore rolling that through in its natural course, you may have seen that second spike (on Snicko, to indicate bat hitting pad) come through, had it been rolled all the way through." IND vs AUS LIVE: Matthew Hayden on KL Rahul dismissal Matthew Hayden on the KL Rahul dismissal: "His pad and bat are not together at that point in time as the ball passes. It's (bat hitting pad) after, in fact, the ball passes the edge. Does Snicko pick up the sound of the bat hitting the pad? "We're assuming (Snicko) may be the outside edge of the bat but that may not be the case." India vs Australia LIVE: Out or not out? India vs Australia LIVE: LUNCH! LUNCH! The bails are off and the first session of the Border-Gavaskar Trophy belonged to Australia. Ducks for Jaiswal and Padikkal; Kohli's struggles continue and KL given out controversially in the morning session ???????? INDIA 51/4 IND vs AUS LIVE: 'Ridiculous umpiring' IND vs AUS LIVE: 'Still trying to figure this' IND vs AUS LIVE: 'Tearing hurry' IND vs AUS LIVE: 'Piss poor' India vs Australia LIVE: Australia review once again, GONE! WICKET! Mitchell Starc to KL Rahul, Australia are convinced they've got an edge from KL as it carries to Carey. The on-field decision is not out. Australia just burned a review but they're going again. And this time they've got it right. There's a spike as the ball passed the bat. KL with some words for the umpire as he walks back. Was that noise of the bat hitting the pad? We've got the first controversy of an always hotly contested series KL Rahul c Carey b Starc 26 (74) Australia are 47/4 India vs Australia LIVE: Nathan Lyon into the attack 15 minutes before Lunch break, Australia introduce Nathan Lyon into the attack. And it is Lyon vs Pant. Third ball, FOUR! Into the pads, he paddle-sweeps this through fine leg for a boundary India vs Australia LIVE: Australia review! Mitchell Starc into the attack, three slips and a gully for Rishabh Pant. Huge appeal for leg before as Pant is struck on front pad. It has been given not out by the on-field umpire. No edge, struck on the pad. But it is missing stumps despite pitching in line. Poor review by Australia India vs Australia LIVE: Virat Kohli in last five Tests and an inning Virat Kohli in the last 11 innings: 6, 17, 47, 29*, 0, 70, 1, 17, 4, 1, 5 That is 197 runs, an average of 19.7 and a high of 70 runs against New Zealand in Bengaluru India vs Australia LIVE: WICKET! GONE! Virat Kohli's struggles continue. Another single digit score for the stalwart. Hazlewood gets the delivery to climb into the right-hander with a short ball, outside off, he looks to fend it off, but ends up top edging it to Khawaja in the slips Kohli c Khawaja b Hazlewood 5 (12) India are 32/3 India vs Australia LIVE: Positive shots from KL, Kohli Back-to-back deliveries run close to the boundary rope as KL Rahul and Virat Kohli collect three runs each. First one, KL Rahul with a big stride forward to a full ball, drives through the covers. Next ball, Kohli pushes one straight down the ground Next ball, KL Rahul just about survives! Back of a length by Hazlewood, it comes into Rahul who is very late on it and takes the toe end of the bat. Almost went on to hit the off stump! India vs Australia LIVE: Virat Kohli is off the mark Hazlewood to Kohli, Virat gets inside the line of a straight delivery and plays it off the hip towards fine leg for a single. He is up and running. To what extent, though, is the bigger question India vs Australia LIVE: Virat Kohli the new man in After a left-right combo didn't work out, it is now going to be right-right pairing for India as Virat Kohli joins KL Rahul. Hazlewood with the first ball to Kohli and the length ball is defended confidently with the middle of the bat. So far, so good. IND vs AUS LIVE: FOUR! Four lucky runs for India and KL Rahul! The batter looks to leave a Cummins bouncer, the ball doesn't climb as high as expected, pings the bat and flies over the slip region for a boundary - the first of the series IND vs AUS LIVE: WICKET! DUCK! GONE! Devdutt Padikkal had played a confident stroke in the over after being beaten on the first ball. The ball prior was short and needed a solid defence. This one is pitched up a touch higher and ekes out the edge. The nick carries nicely to Carey and Padikkal's struggles end. Padikkal c Carey b Hazlewood 0(23) India 14/2 IND vs AUS LIVE: BEATEN! WOWZA! Sensational delivery from Josh Hazlewood to Devdutt Padikkal. The leftie continues to look to open his account and no wonder he is yet to get going. Pitches on the middle stump and continues to angle away and beats the outside edge in the process. Brilliant delivery IND vs AUS LIVE: KL Rahul moves to eight Australia skipper Pat Cummins introduced into the attack after 7 overs and he goes for two runs. KL Rahul opens the blade a touch, plays with soft hands and steers the ball between gully and point for a double India are 13/1 IND vs AUS LIVE: Two Karnataka batters in the middle KL Rahul and Devdutt Padikkal braving this tough Australian bowling attack with Mitchell Starc breathing fire. Karnataka batters both KL and Padikkal, much needed for someone like the latter as he plays his maiden innings in Australia IND vs AUS LIVE: How rare is a no Ashwin-Jadeja show in Tests? IND vs AUS LIVE: Devdutt Padikkal new man in A leftie replaces another as Devdutt Padikkal comes in at No. 3. And he gets a trial by fire from the word go. Starc with some challenging deliveries, beating the outside edge and then closing the over out with an away-swinging yorker IND vs AUS LIVE: WICKET! GONE! WICKET! After KL Rahul saw off Josh Hazlewood with a maiden over, Yashasvi Jaiswal departs for a nought. His first appearance in Australia and it starts with a duck. Attempt at playing an aggressive shot, Jaiswal tried to play an uppish drive and the edge flies to McSweeney at gully who holds on well. Jaiswal c McSweeney b Starc 0 (8) India are 5/1 IND vs AUS LIVE: First over, five runs Five runs from the first over of the Border-Gavaskar Trophy. Five extras in the column - four byes and a no ball. Jaiswal steady to rest of the deliveries that came to him IND vs AUS LIVE: First ball, four byes! Mitchell Starc has the ball. Yashasvi Jaiswal on the strike. KL Rahul at the other end. Three slips in place and a gully. First ball is down the leg side and runs away to the boundary rope. No pad involved, no chance for Carey either. India vs Australia Live Score: It's Border-Gavaskar Trophy time! Time for national anthems. Allan Border and Sunil Gavaskar themselves bring out the trophy named after them and place it on the podium. Jasprit Bumrah and Pat Cummins lead their sides out in a row for the anthems. IND vs AUS Live Score: Why Shubman Gill is not in the India XI India vs Australia Live Score: Three debuts in Perth Test as India win toss, decide to bat India won the toss and decided to bat in the first Test of the Border-Gavaskar Trophy against Australia on Friday (November 22) at Perth. Both teams announced debuts in their ranks with Nitish Kumar Reddy and Harshit Rana getting the nod for India and Nathan McSweeney for hosts Australia. India enter the first Test of the five-match series with four seamers and a spinner in the form of Washington Sundar. R Ashwin and Ravindra Jadeja have both been benched after mediocre returns during the home series against New Zealand. Sundar, an off-spinner, did an exceptional job there as he took 16 wickets in two Tests, including a 10-wicket haul in Pune. IND vs AUS Live Score: New opener for Australia Australia Playing XI: Usman Khawaja, Nathan McSweeney, Marnus Labuschagne, Steven Smith, Travis Head, Mitchell Marsh, Alex Carey (w), Pat Cummins (c), Mitchell Starc, Nathan Lyon, Josh Hazlewood India vs Australia Live Score: No Ashwin and Jadeja for India India Playing XI: KL Rahul, Yashasvi Jaiswal, Devdutt Padikkal, Virat Kohli, Rishabh Pant (w), Dhruv Jurel, Nitish Reddy, Washington Sundar, Harshit Rana, Jasprit Bumrah (c), Mohammed Siraj We were 50-50, either way we are pretty happy. Feel well placed, pretty fresh. Any format we (India-Australia) play seems fiercely fought. Nathan McSweeney makes our debut at the top of the order. We are going to bat first, looks like a good wicket. Very confident with our preparation. We played a Test match here in 2018 so we know what to expect. The wicket gets quicker. Nitish makes his debut, Washi is the lone spinner. Match Statistics Top Stories Right NowBY MELISSA GOLDIN Social media users are misrepresenting a report released Thursday by the Justice Department inspector general’s office, falsely claiming that it’s proof the FBI orchestrated the Capitol riot on Jan. 6, 2021. Related Articles National News | Drones, planes or UFOs? Americans abuzz over mysterious New Jersey sightings National News | Drones, planes or UFOs? Americans abuzz over mysterious New Jersey sightings National News | OpenAI whistleblower found dead in San Francisco apartment National News | Judge rejects an attempt by Trump campaign lawyer to invalidate guilty plea in Georgia election case National News | Texas’ abortion pill lawsuit against New York doctor marks new challenge to interstate telemedicine The watchdog report examined a number of areas, including whether major intelligence failures preceded the riot and whether the FBI in some way provoked the violence. Claims spreading online focus on the report’s finding that 26 FBI informants were in Washington for election-related protests on Jan. 6, including three who had been tasked with traveling to the city to report on others who were potentially planning to attend the events. Although 17 of those informants either entered the Capitol or a restricted area around the building during the riot, none of the 26 total informants were authorized to do so by the bureau, according to the report. Nor were they authorized to otherwise break the law or encourage others to do so. Here’s a closer look at the facts. CLAIM: A December 2024 report released by the Department of Justice’s Office of the Inspector General is proof that the Jan. 6 Capitol riot was a setup by the FBI. THE FACTS: That’s false. The report found that no undercover FBI employees were at the riot on Jan. 6 and that none of the bureau’s informants were authorized to participate. Informants, also known as confidential human sources, work with the FBI to provide information, but are not on the bureau’s payroll. Undercover agents are employed by the FBI. According to the report, 26 informants were in Washington on Jan. 6 in connection with the day’s events. FBI field offices only informed the Washington Field Office or FBI headquarters of five informants that were to be in the field on Jan. 6. Of the total 26 informants, four entered the Capitol during the riot and an additional 13 entered a restricted area around the Capitol. But none were authorized to do so by the FBI, nor were they given permission to break other laws or encourage others to do the same. The remaining nine informants did not engage in any illegal activities. None of the 17 informants who entered the Capitol or surrounding restricted area have been prosecuted, the report says. A footnote states that after reviewing a draft of the report, the U.S. attorney’s office in Washington said that it “generally has not charged those individuals whose only crime on January 6, 2021 was to enter restricted grounds surrounding the Capitol, which has resulted in the Office declining to charge hundreds of individuals; and we have treated the CHSs consistent with this approach.” The assistant special agent in charge of the Washington Field Office’s counterterrorism division told the inspector general’s office that he “denied a request from an FBI office to have an undercover employee engage in investigative activity on January 6.” He, along with then-Washington Field Office Assistant Director in Charge Steven D’Antuono, said that FBI policy prohibits undercover employees at First Amendment-protected events without investigative authority. Many social media users drew false conclusions from the report’s findings. “JANUARY 6th WAS A SETUP!” reads one X post that had received more than 11,400 likes and shares as of Friday. “New inspector general report shows that 26 FBI/DOJ confidential sources were in the crowd on January 6th, and some of them went into the Capitol and restricted areas. Is it a coincidence that Wray put in his resignation notice yesterday? TREASON!” The mention of Wray’s resignation refers to FBI Director Christopher Wray’s announcement Wednesday that he plans to resign at the end of President Joe Biden’s term in January. Other users highlighted the fact that there were 26 FBI informants in Washington on Jan. 6, but omitted key information about the findings of the report. These claims echo a fringe conspiracy theory advanced by some Republicans in Congress that the FBI played a role in instigating the events of Jan. 6, 2021, when rioters determined to overturn Republican Donald Trump’s 2020 election loss to Democrat Joe Biden stormed the Capitol in a violent clash with police. The report knocks that theory down. Wray called such theories “ludicrous” at a congressional hearing last year. Asked for comment on the false claims spreading online, Stephanie Logan, a spokesperson for the inspector general’s office, pointed The Associated Press to a press release about the report. In addition to its findings about the the FBI’s involvement on Jan. 6, the report said that the FBI, in an action its now-deputy director described as a “basic step that was missed,” failed to canvass informants across all 56 of its field offices for any relevant intelligence ahead of time. That was a step, the report concluded, “that could have helped the FBI and its law enforcement partners with their preparations in advance of January 6.” However, it did credit the bureau for preparing for the possibility of violence and for trying to identify known “domestic terrorism subjects” who planned to come to Washington that day. The FBI said in a letter responding to the report that it accepts the inspection general’s recommendation “regarding potential process improvements for future events.”
ROCK HILL, S.C., Nov. 26, 2024 (GLOBE NEWSWIRE) -- 3D Systems Corporation (NYSE:DDD) announced today its financial results for the third quarter ended September 30, 2024. Third Quarter Highlights (All numbers are unaudited and are presented in millions, except per share amounts or as otherwise noted) Summary Comments on Results Commenting on third quarter results, Dr. Jeffrey Graves, president and CEO of 3D Systems said, “As recently shared, our third quarter revenues continued to be impacted by sluggish capital investments by our customers for new production capacity, particularly in the Industrial markets, impacting the sale of new printing systems. On a positive note however, capacity utilization for our installed printer fleet broadly increased, translating into an increase in consumable revenues, which grew nearly 10% on both prior year and sequential comparisons. While 2024 has been a challenging year for new printer system sales, we are increasingly encouraged about the future, driven in large part by customer demand for our Application Innovation Group, a group of highly skilled process specialists who assist customers in developing new applications for 3D printing. Year-to-date this group, which spans both polymer and metal solutions, has experienced a rise of over 26% in revenues derived from new application development, particularly in highly regulated markets such a semiconductor equipment manufacturing, oil & gas, aerospace & defense markets, and our medical markets. Much of this performance, and the future growth potential it implies, has been fueled by an aggressive cycle of innovation at our company, enabled by our sustained focus on new product innovation across all of our major polymer and metal printing solutions. As a result of this sustained focus, which we believe differentiates us from many others in our industry, we are on pace to deliver nearly 40 new products to market since the third quarter of last year, and 25 in calendar 2024 alone. We believe no other company in our industry has matched this output that we expect will pay dividends in growth and profitability improvements as the economy rebounds in the future.” Dr. Graves continued, “Given our strong focus on new product innovation, over the last two years we’ve also completely altered our manufacturing model from nearly 100% outsourced, to taking full responsibility for our integrated supply chain by in-sourcing procurement, assembly operations and logistics. This transition is now virtually complete, and, while it required short-term increases in expenses and working capital, we believe it is absolutely essential in driving smooth new product introductions, high quality product and delivery performance and, importantly, long-term customer satisfaction and gross margin improvements as factory efficiencies increase. While weakness in our end-markets over the last several quarters has muted these benefits, as volumes recover we expect to realize them increasingly over time. With our in-sourcing efforts now close to completion, our near term focus has shifted to managing working capital and capex spend to improve cash performance. This has been increasingly effective as we entered the second half of the year, as demonstrated by the stabilization of our cash reserves in the third quarter. We were also pleased to deliver a sequential reduction in operating expenses, in line with our previous expectations, and expect the benefits of restructuring actions previously taken to positively impact our cost structure in the quarters ahead.” Dr. Graves concluded, “As we look to the end of the year, the consistent fueling of our R&D engines as we moved through a tougher macro environment period is now driving an acceleration of exciting new customer applications, supported by outstanding new products spanning from new printer hardware to advanced engineering materials, to enhancement of our software capabilities. We believe this positions us well as the geopolitical and economic headwinds of the last 18 months ultimately begin to recede. Given timing uncertainties and normal quarter-to-quarter inventory management at year-end, we believe it is prudent to be conservative in our outlook for the full year. As such, we are updating our revenue expectations for the full year 2024 to be between $440 million and $450 million. From an OPEX perspective, we expect to see continued improvement consistent with our prior comments, namely that OPEX will decrease again in Q4, to below $60 million. These combined factors should yield a sequential improvement in Adjusted EBITDA and will place us on a trajectory towards profitability in the quarters ahead. We will continue our balanced view of short-term focus on cash performance and improving profitability, while meeting the longer-term needs of our customers from a technology and service perspective. In keeping our customers’ production goals clearly in our sites each day, we believe that substantial long-term value will be created for all of our stakeholders in the years ahead.” Summary of Third Quarter Results Revenue for the third quarter of 2024 decreased approximately 9% to $112.9 million compared to the same period last year, primarily driven by lower printer sales, partially offset by approximately 10% growth in materials. Gross profit margin for the third quarter of 2024 was 36.9% compared to 44.7% for the same period last year. Non-GAAP gross profit margin was 37.6% compared to 44.8% for the same period last year. Gross profit margin decreased primarily due to unfavorable absorption associated with lower volumes and approximately $3 million associated with an increase in inventory reserves, partially offset by favorable mix. In addition, gross profit margin from the prior year period includes approximately $4.5 million of incremental revenue recognized by our Regenerative Medicine business at 100% margin related to incremental milestone recognition which did not repeat in the third quarter of 2024. Operating expense for the third quarter of 2024 was $222.5 million compared to $68.9 million for the same period last year and includes $143.7 million associated with the impairment of goodwill and other long-lived assets taken during the third quarter of 2024. Non-GAAP operating expense of $61.4 million increased $5.6 million compared to the same period last year, while improving $2.7 million on a sequential basis. The sequential improvement was primarily driven by benefits associated with prior restructuring actions. Net loss attributable to 3D Systems Corporation for the third quarter of 2024 was $178.6 million compared to a net loss of $11.7 million for the same period last year. The decline from prior year was primarily impacted by the previously referenced $143.7 million associated with the impairment of goodwill and other long-lived assets taken during the third quarter of 2024. Adjusted EBITDA decreased by $19.1 million to a loss of $14.3 million in the third quarter of 2024 compared to the same period last year. The decrease in Adjusted EBITDA primarily reflects lower revenue, lower gross margin and higher operating expense. As previously noted, the third quarter of 2023 also included the benefit of approximately $4.5 million of incremental milestone recognition by our Regenerative Medicine business at 100% margin that did not repeat in the third quarter of 2024. Updating 2024 Outlook Based on current macroeconomic and geopolitical conditions, 3D Systems is updating its financial guidance for the remainder of 2024 as follows: Financial Liquidity At September 30, 2024, the company had cash and cash equivalents of $190.0 million, a decrease of $141.5 million since December 31, 2023. The decrease resulted primarily due to cash used in operations of $37.1 million, capital expenditures of $10.8 million, and repayment on borrowings of $87.2 million. At September 30, 2024, the company had total debt, net of deferred financing costs of $211.7 million. Q3 2024 Conference Call and Webcast The company will host a conference call and simultaneous webcast to discuss these results on November 27, 2024, which may be accessed as follows: Date: Wednesday, November 27, 2024 Time: 8:30 a.m. Eastern Time Listen via webcast: www.3dsystems.com/investor Participate via telephone: 201-689-8345 A replay of the webcast will be available approximately two hours after the live presentation at www.3dsystems.com/investor . Forward-Looking Statements Certain statements made in this release that are not statements of historical or current facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to be materially different from historical results or from any future results or projections expressed or implied by such forward-looking statements. In many cases, forward looking statements can be identified by terms such as “believes,” “belief,” “expects,” “may,” “will,” “estimates,” “intends,” “anticipates” or “plans” or the negative of these terms or other comparable terminology. Forward-looking statements are based upon management’s beliefs, assumptions and current expectations and may include comments as to the company’s beliefs and expectations as to future events and trends affecting its business and are necessarily subject to uncertainties, many of which are outside the control of the company. The factors described under the headings “Forward-Looking Statements” and “Risk Factors” in the company’s periodic filings with the Securities and Exchange Commission, as well as other factors, could cause actual results to differ materially from those reflected or predicted in forward-looking statements. Although management believes that the expectations reflected in the forward-looking statements are reasonable, forward-looking statements are not, and should not be relied upon as a guarantee of future performance or results, nor will they necessarily prove to be accurate indications of the times at which such performance or results will be achieved. The forward-looking statements included are made only as the date of the statement. 3D Systems undertakes no obligation to update or revise any forward-looking statements made by management or on its behalf, whether as a result of future developments, subsequent events or circumstances or otherwise, except as required by law. Presentation of Information in this Press Release 3D Systems reports its financial results in accordance with GAAP. Management also reviews and reports certain non-GAAP measures, including: non-GAAP gross profit, non-GAAP gross profit margin, non-GAAP operating expense, non-GAAP diluted income (loss) per share, and Adjusted EBITDA. These non-GAAP measures exclude certain items that management does not view as part of 3D Systems’ core results as they may be highly variable, may be unusual or infrequent, are difficult to predict and can distort underlying business trends and results. Management believes that the non-GAAP measures provide useful additional insight into underlying business trends and results and provide meaningful information regarding the comparison of period-over-period results. Additionally, management uses the non-GAAP measures for planning, forecasting and evaluating business and financial performance, including allocating resources and evaluating results relative to employee compensation targets. 3D Systems’ non-GAAP measures are not calculated in accordance with or as required by GAAP and may not be calculated in the same manner as similarly titled measures used by other companies. These non-GAAP measures should thus be considered as supplemental in nature and not considered in isolation or as a substitute for the related financial information prepared in accordance with GAAP. To calculate the non-GAAP measures, 3D Systems excludes the impact of the following items: Amortization of intangibles and acquisition and divestiture-related costs are excluded from non-GAAP measures as the timing and magnitude of business combination transactions are not predictable, can vary significantly from period to period and the purchase price allocated to amortizable intangible assets and the related amortization period are unique to each acquisition. Amortization of intangible assets will recur in future periods until such intangible assets have been fully amortized. While intangible assets contribute to the company’s revenue generation, the amortization of intangible assets does not directly relate to the sale of the company’s products or services. Additionally, intangible assets amortization expense typically fluctuates based on the size and timing of the company’s acquisition activity. Accordingly, the company believes excluding the amortization of intangible assets enhances the company’s and investors’ ability to compare the company’s past financial performance with its current performance and to analyze underlying business performance and trends. Although stock-based compensation is a key incentive offered to certain of our employees, the expense is non-cash in nature, and we continue to evaluate our business performance excluding stock-based compensation; therefore, it is excluded from non-GAAP measures. Stock-based compensation expenses will recur in future periods. Charges related to restructuring and cost optimization plans, impairment charges, including goodwill, divestiture gains or losses, and the costs, including legal fees, related to significant or unusual litigation matters are excluded from non-GAAP measures as the frequency and magnitude of these activities may vary widely from period to period. Additionally, impairment charges, including goodwill, are non-cash. Furthermore, the company believes the costs, including legal fees, related to significant or unusual litigation matters are not indicative of our core business' operations. Finally, 3D Systems excludes contingent consideration recorded as compensation expense related to the 2021 Volumetric acquisition from non-GAAP measures as management evaluates financial performance excluding this expense, which is viewed by management as similar to acquisition consideration. The matters discussed above are tax effected, as applicable, in calculating non-GAAP diluted income (loss) per share. Adjusted EBITDA, defined as net income, plus income tax (provision) benefit, interest and other income (expense), net, stock-based compensation expense, amortization of intangible assets, depreciation expense, and other non-GAAP adjustments, all as described above, is used by management to evaluate performance and helps measure financial performance period-over-period. A reconciliation of GAAP to non-GAAP measures is provided in the accompanying schedules. 3D Systems does not provide forward-looking guidance for certain measures on a GAAP basis. The company is unable to provide a quantitative reconciliation of forward-looking non-GAAP gross profit margin, Adjusted EBITDA, and non-GAAP operating expense to the most directly comparable forward-looking GAAP measures without unreasonable effort because certain items, including litigation costs, acquisition expenses, stock-based compensation expense, intangible assets amortization expense, restructuring expenses, and goodwill impairment charges are difficult to predict and estimate. These items are inherently uncertain and depend on various factors, many of which are beyond the company’s control, and as such, any associated estimate and its impact on GAAP performance could vary materially. About 3D Systems More than 35 years ago, 3D Systems brought the innovation of 3D printing to the manufacturing industry. Today, as the leading additive manufacturing solutions partner, we bring innovation, performance, and reliability to every interaction - empowering our customers to create products and business models never before possible. Thanks to our unique offering of hardware, software, materials and services, each application-specific solution is powered by the expertise of our application engineers who collaborate with customers to transform how they deliver their products and services. 3D Systems’ solutions address a variety of advanced applications in Healthcare and Industrial Solutions markets such as medical and dental, aerospace & defense, automotive and durable goods. More information on the company is available at www.3dsystems.com . Amounts included in restricted cash as of September 30, 2024, December 31, 2023 and September 30, 2023 primarily relate to guarantees in the form of a standby letter of credit as security for a long-term real estate lease. Amounts included in restricted cash as of December 31, 2022 primarily relate to $3,435 deposited into an escrow account relating to the initial investment in the National Additive Manufacturing innovation ("NAMI") joint venture. The remaining amounts in restricted cash in all periods presented relate to collateral for letters of credit and bank guarantees. (1) Amounts in table may not foot due to rounding (2) Calculated as non-GAAP gross profit as a percentage of total revenue (1) Amounts in table may not foot due to rounding (2) Calculated as non-GAAP gross profit as a percentage of total revenue Non-GAAP Operating Expense(1) (1) Amounts in table may not foot due to rounding (1) Amounts in table may not foot due to rounding (1) Amounts in table may not foot due to rounding
On Saturday, the Tampa Bay Lightning faced a club they met in a recent Stanley Cup Final when they played against the Dallas Stars. They get a chance to do so again to start Thanksgiving week when the Lightning play host the Colorado Avalanche on Monday night. While Tampa Bay did get past the Stars to win the title in 2020, coach Jon Cooper's team was unable to fight through injuries in the 2022 Final that slipped away to the Avalanche in six games. Offensive spark plug Brayden Point missed most all of that postseason. The 13th-year Lightning coach is combatting new enemies these days. "One team tried to make six passes and put the puck in the net and turned it over, and the other team made two passes and threw it in the net," Cooper said after Saturday's 4-2 home loss, while comparing his team to the Stars. "One team waited for the other team to make a mistake, they did, and that team capitalized on it. That was it. "We blinked first and we lost." The Lightning's Anthony Cirelli scored twice and extended his goal streak to five games, but Dallas forward Matt Duchene broke a 2-2 tie in the third period and Roope Hintz scored 58 seconds later to sink the Lightning and drop them to 3-4-2 in November. Cooper's frustrations in his group's pass-first play have been noted, but they seemed to reach a boiling point after a second straight setback. "It's almost like the goals don't count unless they make the highlight reel," Cooper said. "We haven't quite figured out that if the puck just crosses the goal line in between the pipes, it counts. It doesn't have to be an all-world play." As they get healthier, the Avalanche demonstrated Saturday against the defending Stanley Cup champions that they have no problem scoring. Mikko Rantanen notched a goal and three assists as Colorado powered past the Florida Panthers in a 7-4 victory. Wingers Valeri Nichushkin (suspension) and Jonathan Drouin (upper-body injury) were playing their fourth games since returning from season-long absences and had their best showings so far. A power forward, Nichushkin notched a goal and two assists, while the slick Drouin scored twice, the first tallies for each this season. Drouin was injured six weeks ago on opening night while playing left wing on the top line against the Vegas Golden Knights and missed 16 games. He said he and his teammates followed the lead of the champion Panthers. "I thought we played well after giving up that first goal," Drouin said. "We tried to play a little how they do: Put the puck in deep, try to make them come 200 feet to our net. I don't think we made many mistakes in that game." The Avalanche are on a three-game winning streak and are 7-3-0 this month. That surge has them in fourth place in the Central Division behind the first-place Winnipeg Jets, Minnesota Wild and Stars, respectively. Colorado turned defense into offense in the win. "We shut down the rush attack and that is important to get above them because they are a dangerous rush team," Avalanche coach Jared Bednar said. "They push north hard. For most of the game, we did a real good job of that. Our defensive play led to good offense." --Field Level Media
As should be expected of the participation-trophy crowd, when the going got tough on social media platform X, the left fled with its tail tucked between its legs. To offer the left a shred of fairness, sure, things did get tough for them following President-elect Donald Trump’s Nov. 5 election victory — especially on X. And in response to the well-deserved gloating from conservatives, Republicans and MAGA alike, many members of the left have ditched the social media platform owned by Elon Musk, who is co-head of Trump’s newly minted . While the general surely saw them migrating to your Instagrams or your TikToks, no other social media platform appeared to benefit from the X exodus more than neophyte platform Bluesky — a Twitter/X clone in just about every way imaginable. Look at the way crowed about this. “#Xodus: Bluesky Hits 20M Users as People Continue to Flee X,” the left-leaning entertainment outlet extolled. Indeed, according to the Reporter, the numbers are undeniable. Bluesky has hit 20 million users, even gaining a million users a day during its peak growth period. The platform saw just six million users as recently as August, 11 million in late October, and 15 million as of Nov. 15. (For comparison’s sake, in early September, Elon Musk that X had 907 million unique visitors and 4.3 billion total visits to the platform the previous month.) Bluesky truly appears to be a haven for blue donkeys, and the numbers attest to that. But there are other numbers that are undeniable, as well, courtesy of Bluesky itself. In the past 24 hours, we have received more than 42,000 reports (an all-time high for one day). We’re receiving about 3,000 reports/hour. To put that into context, in all of 2023, we received 360k reports. We’re triaging this large queue so the most harmful content such as CSAM is removed quickly. — Bluesky Safety ( ) “In the past 24 hours, we have received more than 42,000 reports (an all-time high for one day),” the Bluesky Safety team posted to its platform on Nov. 15. “We’re receiving about 3,000 reports/hour. “To put that into context, in all of 2023, we received 360k reports.” Of particularly notable concern, the safety team added: “We’re triaging this large queue so the most harmful content such as [child sexual abuse material] is removed quickly.” To say nothing of the CSAM content, that whole post is a bit telling, no? A public square is flooded by whiny leftists, and complaints exponentially skyrocket? That should tell you everything you need to know about the modern left in a nutshell. Leftism, at its core, is about division, and that’s why it just doesn’t work. Oh sure, it pretends to be all-inclusive, but inclusivity is the antithesis of intersectionality, and the latter is the primary currency of the left. You’re not black enough, you’re not the right sort of Asian, whatever “LatinX” was ... there’s going to be some aggrieved party within leftist ideology. The entire scam crumbles on itself the instant two parties are treated like true equals. This obviously isn’t to say X doesn’t have content moderation issues of its own (the platform is inundated with porn bots and dubious advertising), but at least it treats its users like adults on a level playing field. Community Notes are an equalizer, not a hall monitor, and add just enough law to an otherwise wild-west social media platform. If you can’t compete with your ideas in that forum, that says far more about you than the platform. Look, Bluesky may very well end up as the premiere social media platform one day. It’s just not going to happen anytime soon, if the best thing the space is known for is that it’s where all the leftist Karens hang out. We are committed to truth and accuracy in all of our journalism. Advertise with The Western Journal and reach millions of highly engaged readers, while supporting our work. .Kyverna Therapeutics Strengthens Leadership Team to Accelerate Next Phase of GrowthAustralia's prime minister said Sunday he was ready to "engage" with billionaire X owner Elon Musk over his criticism of the government's ban on under-16s joining social media. Anthony Albanese hailed the parliament's Thursday passage of landmark legislation requiring social media firms to take "reasonable steps" to prevent young teens from having accounts. The law, which will come into effect after 12 months, gives few details of how it will be enforced, including how sites like Facebook, Instagram and X will verify users' ages. Musk -- who has been named Donald Trump's government efficiency chief in the incoming US administration -- posted on X last month that the law "seems like a backdoor way to control access to the Internet by all Australians". "We will talk to anyone," Albanese said when asked if he would discuss the legislation with Musk. "With regard to Elon Musk, he has an agenda. He's entitled to push that as the owner of X, formerly known as Twitter," Albanese told Australian public broadcaster ABC. When the interviewer mentioned that Musk was also Trump's "right-hand man", the prime minister replied: "We will engage, we will engage." Social media firms that fail to comply with the new law face fines of up to Aus$50 million (US$32.5 million) for "systemic breaches". Musk's platform in October lost a legal bid to avoid a US$417,000 fine levelled by Australia's online watchdog, which has accused X of failing to stamp out harmful posts. The government will decide over the next 12 months how to implement the ban, Albanese said, insisting, however, that it would not require people to provide identification. "The obligation will be on social media companies to do everything they can to make sure that those people under 16 don't have access to social media," the prime minister said. "We know that social media companies have more information about you and I than some of our friends do," he added. "We know that they are able to do that, and the obligation will be on them." Albanese said he was "determined" to implement the legislation. "I've met parents who have had to bury their children as a result of the impact that social media has had as a result of bullying, and we need to do something about it," he said. Several social media giants have promised to work with the government on implementing the law. But they have also criticised the legislation, saying it was "rushed", full of unanswered questions, and did not take into account the views of experts who opposed it. The UN children's charity UNICEF Australia warned this week that the law was no "silver bullet" against online harm and could push kids into "covert and unregulated" spaces online. djw/mp/cwl
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