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Why Is Datadog (DDOG) Stock Rocketing Higher TodayRomanians vote in presidential election focused on high living costsNone
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. .India's former prime minister Manmohan Singh, architect of economic reforms, dies at 92The firebombing of the Adass Israel synagogue in Melbourne has sent shockwaves through Australian politics. On Monday, the government announced that the Australian Federal Police (AFP) have established a specialised taskforce targeting threats against the Jewish community. The new Special Operation Avalite, detailed by AFP Commissioner Reece Kershaw, will focus explicitly on investigating serious offences targeting Jewish Australians. The operation will investigate incidents including urging violence against Jewish groups, advocating terrorism or genocide, and using communication services to threaten or harass. ASIO director-general Mike Burgess has warned that politically motivated violence is now a principal security concern, with provocative and inflammatory language being normalised. He believes there continues to be more than a 50 per cent chance of a terror attack being attempted or planned in the next 12 months. Under fire for the government’s response to antisemitism since October 7, 2023, Prime Minister Anthony Albanese highlighted recent actions aimed at fighting the scourge, including banning Nazi salutes, appointing Australia’s first special envoy to combat antisemitism, and legislation to criminalise hate speech. He has also announced an additional $32.5 million in security funding for Jewish sites to be distributed by the Executive Council of Australian Jewry (ECAJ). The extra money will supplement an earlier $25 million program protecting synagogues, schools and other Jewish community locations. ECAJ president Daniel Aghion cautiously welcomed the support while emphasising the need for more comprehensive action. “We are grateful for the government’s support, but this is still about protecting our institutions from attack,” Aghion said. He stressed that the funding is reactive rather than preventative, saying, “It is not getting ahead of the problem, and it is not dealing with the causes of antisemitism and preventing the attacks and risk in the first place.” The ECAJ wrote to the Prime Minister on Sunday, saying Jewish Australians are questioning their safety and future in the country. It called for urgent national measures, including mandatory antisemitism education, enhanced legal protections and the convening of National Cabinet to further address the national antisemitism crisis. Albanese, who was in Perth at the time of the arson attack, visited the Adass Israel synagogue on Tuesday. Standing next to the ruins, he unequivocally condemned the attack, declaring, “This arson attack is an act of terrorism, it was fuelled by antisemitism and it was stoked by hatred.” The Prime Minister committed his government to supporting the synagogue’s restoration, pledging to “provide whatever support is necessary financially to make sure that those who perpetrated this evil crime do not receive any benefit”. Victorian Premier Jacinta Allan has already pledged $100,000 towards rebuilding the shule. Upon leaving the synagogue, Albanese encountered some hostility from parts of the crowd but Adass community members quickly silenced the hecklers with calls of “Sha” (“Quiet” in Yiddish). Aghion described the Prime Minister’s visit as deeply impactful. “The Prime Minister was quite touched. In fact, I’d say marked,” he said. Aghion believed that the cat-calling was not representative of the Adass community, noting that they treated him as a guest and that he was “genuinely interested in what they had to say”. “I think the Prime Minister’s intent is genuine. Obviously he will be judged by his actions, not his words, but I think he understands what the Jewish community is facing,” he said. The Prime Minister personally inspected the damage, climbing into the fire-damaged ruins to fully understand the extent of the destruction. Aghion noted that Albanese was willing to get “his suit quite dirty” to show solidarity with the community. Meanwhile, in a rare show of bipartisan solidarity, former Liberal treasurer Josh Frydenberg and former Labor senator Nova Peris jointly condemned the attack at a press conference on Saturday. Frydenberg said government inaction in tackling antisemitism had directly led to the firebombing of the synagogue. “Our leaders still don’t get it – they’re more than recklessly indifferent. They’ve created a very dangerous climate, and that has obviously culminated in the firebombing just a couple of days ago,” he said. Peris was equally forceful, stating, “In this country, we have a constitution which says every Australian has the right to religious freedom. How dare anyone attack a place of worship in this country?” Attorney-General Mark Dreyfus acknowledged the severity of the current situation, noting this represents the highest level of antisemitism he has witnessed in his lifetime. “And our government is determined to do whatever we can to bring this to an end, and I’d be calling on [Opposition Leader] Peter Dutton to stand with the government, not to be making these criticisms or empty calls for the government to do more – or worse,” he said. “He claimed that somehow the government had caused this event to occur, which is an absurd thing for any political leader to suggest,” Dreyfus said on talkback radio. Josh Frydenberg and Nova Peris embrace Jewish community member Charlene Miller after holding a press conference at Princes Park, Caulfield South, following the firebombing of the Adass Israel shule. Photo: Peter Haskin
I was shocked, but sadly not surprised, to read recently that one in five small businesses have zero cash reserves. Login or signup to continue reading About 18 per cent have less than a month's worth of cash to fulfil their obligations and 21 per cent have reserves to cover only one to two months. This research commissioned by Prospa, showing the modest to zero reserves held by 60 per cent of small businesses, is frightening and a message we can't ignore. And about one in three have dipped into personal funds to pay business expenses as rising costs persist and the business cupboard is bare. Cash flow is the oxygen of enterprise. Requests for help to my agency from distressed small and family business owners seeking assistance with insolvency or the risk that a business they are dealing with is in trouble, have increased by over 50 per cent this year. Business creation and new entrepreneurship are essential to driving economic growth, generating jobs, and boosting innovation. We particularly need more younger people to take up the opportunity of owning and running a small business; yet the risk reward balance is off-putting. The drain on resources during the establishment phase can be too much. The early years for a new business can be the valley of death for cash flow. Having every available dollar to re-invest in the business will help more to survive and build the foundations for success. In Singapore, a tax discount scheme is available in the early years of a new enterprise in recognition of the need to counter this cash flow valley of death. There is merit in Australia exploring the feasibility of introducing a similar early-stage incentive in the form of a tax discount or offset scheme to support businesses retaining more of the early-stage earnings for reinvestment in the business when it is needed most. This incentive would encourage business formation and reward risk-taking to energise enterprise. Singapore's start-up tax exemption scheme is specifically designed to recognise that new "home-grown" enterprises are an important component of a vibrant economy. It provides eligible new companies the exemption for the first three years, reducing their taxable income by 75 per cent for the first $100,000 of income and by 50 per cent for the next $100,000 of income. Under that model a business with a taxable income of $200,000 would pay no tax on $125,000 for each year of assessment (with the remaining $75,000 taxed at the prevailing company tax rate). Any Australian scheme should have the characteristics and settings that would be most appropriate for our business environment and complement existing incentives. For example, alternative models could see the rate of the tax discount or offset taper over the first three years and be adapted for equivalent benefit for differing entity structures. It should also have safeguards drawing on existing initiatives to tackle illegal business "phoenixing", including DirectorID, to prevent businesses from rebirthing or restructuring in order to misuse the incentive. What is important is to send a clear message supported by practical help, that small business is crucial for our economy and our communities. Small business is rightly celebrated for generating 33 per cent of our nation's gross domestic product and providing jobs for 5.36 million people - 42 per cent of the private workforce. But in 2006, small business contributed 40 per cent of GDP and employed 53 per cent of those with a private sector job. I fear we are sleepwalking into a "big corporate economy with this worrying trajectory. We need to energise enterprise and providing a boost to inspire new small businesses will help lift our country's rate of economic growth. In the US and UK election campaigns, candidates offered support for new small businesses to get started and recognition for the self-employed. Getting the incentives right is important because we need to find the next generation of small business owners. The average age of a small business owner right now is 50 and climbing. In the 1970s, 17 per cent of business owners were under the age of 30, but that's down to 8 per cent. CPA Australia's Asia-Pacific Small Business Survey found of the 11 regions and thousands of businesses surveyed, Australia had the highest percentage of small business owners aged 50 and over. And Australia ranked third lowest for business owners under 40. The survey also found business owners aged 30 to 50 were the most likely to innovate, to use technology, to grow new value, to drive economic opportunity, which further reinforces the need to provide incentives. The ASBFEO Pulse, a world-leading health check of objective vital signs for small business, showed a sustained decline in small business conditions over the last 2 years that is now levelling out, and fewer people considering starting a business over the same period. Is the next generation increasingly not seeing self-employment or their own enterprise as a pathway for the future? At a time when young people, particularly, look for purpose as well as profit in their lives, to choose their own path and shape their own story, isn't self-employment or running your own businesses a seemingly natural fit? No one starts a small business because they are excited about the paperwork involved; yet the cumulative compliance burden and fear and consequences of doing something wrong is having a chilling effect on entrepreneurship. We need to create a more supportive ecosystem to inspire Australians to turn an idea into investment , build a business, adopt the risk and responsibility of creating a new enterprise and employ that extra person. We need to give enterprising people the best chance to be successful and a cash flow boost in the early years can help them to thrive and benefit our community and our economy. DAILY Today's top stories curated by our news team. Also includes evening update. WEEKDAYS Grab a quick bite of today's latest news from around the region and the nation. WEEKLY The latest news, results & expert analysis. WEEKDAYS Catch up on the news of the day and unwind with great reading for your evening. WEEKLY Get the editor's insights: what's happening & why it matters. WEEKLY Love footy? We've got all the action covered. WEEKLY Every Saturday and Tuesday, explore destinations deals, tips & travel writing to transport you around the globe. 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Ruben Amorim urges Man Utd to ‘run like mad dogs’ in bid to turn season roundJohn Dobson: ‘I’m old school. When the Stormers fire me I’m done in coaching’
Tech billionaire Elon Musk spent at least $270 million to help Donald Trump win the US presidency, according to new federal filings, making him the country's biggest political donor. SpaceX and Tesla CEO Musk, the world's richest person, was an ardent supporter of Trump's White House campaign -- funneling money into door knocking operations and speaking at his rallies. His financial backing, which has earned him a cost-cutting advisory role in Trump's incoming government, surpassed spending by any single political donor since at least 2010, according to data from nonprofit OpenSecrets. The Washington Post reported that Musk spent more this election cycle than Trump backer Tim Mellon, who gave nearly $200 million and was previously the Republican's top donor. Musk donated $238 million to America PAC, a political action committee that he founded to support Trump, filings late Thursday with the Federal Election Commission showed. An additional $20 million went to the RBG PAC, a group that used advertising to soften Trump's hardline reputation on the key voter issue of abortion. Musk has been an ever-present sidekick for Trump since his election victory in November, inviting him to watch a rocket launch in Texas by his SpaceX company. Trump has selected the South African-born tycoon and fellow ally Vivek Ramaswamy to head the so-called Department of Government Efficiency, through which the pair have promised to deliver billions of dollars of cuts in federal spending. However, with Musk's businesses all having varying degrees of interactions with US and foreign governments, his new position also raises concerns about conflict of interest. The president-elect has nominated several people close to Musk for roles in his administration, including investor David Sacks as the so-called AI and crypto czar. Meanwhile, billionaire astronaut Jared Isaacman, who has collaborated with Musk's SpaceX, was named the head of US space agency NASA. pgf-bjt/acbPresident-elect Donald Trump announced he created a new role for his administration, White House Artificial Intelligence and Crypto Czar. Filling the role will be tech entrepreneur and podcast host David Sacks. Sacks "will guide policy for the Administration in Artificial Intelligence and Cryptocurrency, two areas critical to the future of American competitiveness. David will focus on making America the clear global leader in both areas," Trump said in his announcement. "He will safeguard Free Speech online, and steer us away from Big Tech bias and censorship. He will work on a legal framework so the Crypto industry has the clarity it has been asking for, and can thrive in the U.S.," Trump continued" "David will also lead the Presidential Council of Advisors for Science and Technology," the president-elect said. Sacks is a longtime Silicon Valley ally of Elon Musk and invested in SpaceX. They worked together at PayPal, a company in which Sacks is a co-founder of and later became the COO. During that time, Musk was the CEO until 2000 when Confinity went through a rebrand and became PayPal. Sacks held major fundraisers for the Trump-Vance ticket, including one at his home for Trump in San Francisco, California in June. Trump did an interview with Sacks on his "All In" podcast earlier this year, in which he advocated for "automatically" giving noncitizens in the U.S. green cards when they graduate from college -- not just people who go through the vetting process. " [ What ] I want to do, and what I will do, is you graduate from a college, I think you should get, automatically as part of your diploma, a green card to be able to stay in this country. That includes junior colleges, too," Trump said during the episode. Trump's response came after one of the hosts, Jason Calacanis, asked Trump if he could promise to "give us more ability to import the best and brightest around the world to America."
Was Bucs’ Baker Mayfield mocking Giants’ Tommy DeVito with TD gesture? Here’s what he said
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Canadian Oil Sector Hedges Trump Tariff Risk, US Midwest Refineries Could Be AffectedAfter Trump's win, Black women are rethinking their role as America's reliable political organizers
Fulham came from behind to beat neighbours Chelsea 2-1 after a 95th minute goal from substitute Rodrigo Muniz gave the visitors all three points in the Premier League on Thursday. It was Fulham’s first win at Stamford Bridge since 1979 and it put a dent in second-placed Chelsea’s title hopes as the hosts stay on 35 points, four points off the pace having played two games more than leaders Liverpool who host Leicester City later. Chelsea took the lead after 16 minutes when Cole Palmer danced past two defenders and slid the ball through Issa Diop’s legs into the bottom corner to score a classy goal. But Fulham’s second-half energy and determination paid off in the 82nd minute when Harry Wilson headed home from close range for the club’s first goal at Stamford Bridge since 2011. Muniz clinched all three points when he swept home a pass from Sasa Lukic in the dying moments of the match to take Fulham up to eighth with 28 points from 18 games. It was Chelsea’s first league loss since a 2-1 defeat on October 20 at Liverpool. BBCPremier League: Fulham shock Chelsea on Boxing DayNebraska GOP to seek hard-right social policies in 2025 legislative sessionAwkward moment Ed Sheeran interrupts new Manchester United manager Ruben Amorim's interview live on Sky Sports... as fans blast 'rude' popstar following bizarre intervention
