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Labor is making a mockery of its promise of transparent government

Friday afternoon can be a dangerous time to be a journalist. Editors racing to put together weekend editions lob last-minute requests and governments routinely release uncomfortable information late in the day. Proof of that practice arrived last week in a bruising auditor general’s report on management of public records requests by government departments. Buried in the footnotes was data on Treasury bureaucrats making a mockery of freedom of information rules. In January, they fessed up to withholding documents that had already been approved for release until Fridays. Sometimes public servants even went out of their way to extend processing timelines so decisions would land at the end of the week. Of the 155 applications reviewed with data on day of release available, nearly half were found to have been withheld to the end of the week. It has been obvious for some time that Treasury’s website happens to be updated suspiciously close to 5pm on Fridays, most weeks. Apart from ensuring documents disappear into the weekend, Treasury was shown not to have any policy for dealing with requests. A draft set of rules from 2023 boasted of five “procedure documents”. None actually existed. Sadly, the report’s findings that 80% of FoI requests were blocked in part or in full is yet another indictment of transparency inside the Albanese government. Now four years into power, promises of a transparent and upfront approach are in rough shape. Consider some other recent examples. On the same day as the budget was handed down this month, Labor released its formal response to Peta Murphy’s inquiry on gambling advertising. After 1,000 days with the report, the government’s response just happened to arrive at the same time as 99% of the Canberra press gallery was locked up covering the budget. Independent David Pocock called the timing “cowardly”. Fellow crossbencher Monique Ryan said it represented “the height of political cynicism”. Just as galling are recent written answers to questions on notice from members of parliament. The Centre for Public Integrity has been tracking answers given to Pocock on a $560m government infrastructure fund. CPI tells Guardian Australia the answers closely follow a secret Labor cheat sheet written to help ministers and public servants avoid answering questions in Senate estimates, uncovered by Capital Brief in 2024. The document coached agencies to provide “only information required to answer the question” and avoid unnecessary explanatory material. In the case of the major and local community infrastructure fund, Pocock asked who in the government had determined participation in the invite-only application process. In an answer that shows contempt for appropriate parliamentary scrutiny, Labor responded in just eight words: “Invitees for the program were identified by government.” “This response doesn’t even meet the low threshold in the government’s guide for providing minimalist responses,” CPI’s executive director, Catherine Williams, said. “Instead of answering, the government resorted to vague institutional language designed to obscure responsibility and provide no further detail than was already known.” These trends show up just as the government has ignored calls for watchdogs including the Australian National Audit Office to be properly funded for their work. In March, Labor dumped its controversial plans to overhaul FoI rules, conceding the laws had no viable pathway through parliament. The attorney general, Michelle Rowland, said in a statement the government remains committed to improving the FoI system, which she called “a vital feature” of our democracy. “The government expects all agencies to consider the ANAO’s findings and work towards enhancing their practices and processes to promote a stronger FOI framework.” Rowland ruled out commissioning an independent review of FoI as part of the process. “There have been multiple reviews of FOI in the last 15 years. Everyone agrees that right now, the FOI system is broken.” Transparency advocates are frustrated a separate process to reform whistleblower laws appears on hold. Labor committed to changes ahead of the 2022 election, and released a draft legislation for possible changes last year. Since submissions closed in October, there has been no action. Kieran Pender, the associate legal director at the Human Rights Law Centre’s Whistleblower Project, said the changes to the Public Interest Disclosure Act had been in the too-hard basket for too long. “It is time for the government to deliver on their promise to fix the PID Act so that whistleblowers in the public sector are able to safely report serious wrongdoing,” he said. As bad as the situation seems, on Monday things got worse. As the first day of the latest budget estimates hearings got under way, it emerged the attorney general’s department had themselves delayed FoI applications in order to avoid scrutiny in parliamentary hearings. The department secretary, Katherine Jones, insisted her staff took compliance with FoI laws seriously. Her answers about the revelations satisfied no one on the committee.

الغارديانمنذ 12 ساعة

With oil markets nearing the danger zone, a US-Iran deal can’t come soon enough | Heather Stewart

If a US-Iran deal is about to be reached, three months on from the launch of Donald Trump’s Operation Epic Fury, it will not be a day too soon for oil markets, which are approaching a dangerous tipping point. The cost of a barrel of crude on the spot market – for immediate purchase, effectively – has bounced about $100 since Iran predictably responded to the onslaught from the US and Israel by closing the strait of Hormuz. That price remains well below historic highs, and because it has not surged into the stratosphere, it can look as though markets have settled into an uneasy stasis. Yet beneath the surface, every week that goes by has drawn the energy markets closer to what economists call a “non-linear adjustment”, wonk-speak for chaos. Thus far, several factors have helped to ease potential supply constraints, including a record coordinated release of strategic oil reserves; rerouting of some Gulf production to pipelines, bypassing the strait of Hormuz; and a rapid fall in imports to China, which some analysts believe may reflect Beijing drawing down stockpiles. But the International Energy Agency (IEA), whose executive director, Fatih Birol, has been sounding the alarm from the start, said last week that oil stocks are being depleted at a record rate. And several analysts have issued warnings in recent weeks that the point may be fast approaching when they drop to crisis levels. That could push prices so high as to cause “demand destruction” – the falling back of consumption to meet constrained supply – on a scale much more economically damaging than anything we have yet seen. Hamad Hussain, who covers climate and commodities for the consultancy Capital Economics, warned recently: “If the strait remains effectively closed and commercial oil inventories in the OECD continue to be run down at the same pace as they were in April, oil stocks could reach critically low levels by the end of June.” He suggested that that could push Brent crude prices to $130-$140 a barrel; and risk “more disorderly and economically damaging cuts to oil demand”. His warning echoed earlier analysis by JP Morgan’s Natasha Kaneva, who said stocks in OECD countries could reach “operational stress levels” by early next month. “Well before the system is emptied, high prices begin to ration demand,” she said. “Consumers drive less, industry cuts runs, airlines trim schedules, and refiners reduce throughput,” she added, describing this as a shift from a “managed” adjustment to a “forced” one. View image in fullscreen Women on a beach in front of an oil tanker near the port in Fos-sur-Mer, southern France. Photograph: Guillaume Horcajuelo/EPA Or, as the IEA warned: “With global oil inventories already drawing at a record clip, further price volatility appears likely ahead of the peak summer demand period.” The US has been relatively insulated from the impact of the oil shock, as a net exporter of crude since the shale boom. But American consumers are not protected from surging global energy prices. Research by Prof Jeff Colgan, at Brown University, suggested last week that consumers have paid an extraordinary $40bn (about £30bn), or $300 per household, in additional gasolene costs since the war began. And the Washington-based Institute for International Finance (IIF) fretted last week, in an edition of its regular capital flows report, called The Long Tail of the Shock, that disruption is now spreading far beyond the oil markets. “The first phase of the shock centred on the rapid repricing of oil as markets reacted to disruption risks across the Middle East and critical shipping routes. The second phase is proving more consequential because the adjustment is spreading across LNG [liquid natural gas], refined products, fertilisers, shipping, and industrial inputs, creating a broader deterioration in supply reliability and production efficiency,” the IIF said. The institute underlined the fact that oil prices, which tend to fall on every fresh rumour of a peace deal, may have underplayed the seriousness of the wider disruption under way. “Crude benchmarks may soften intermittently as recession fears rise or geopolitical tensions ease temporarily, while LNG, fertilisers, freight costs and selected industrial inputs remain elevated, because the broader issue is no longer spot oil supply alone, but the reliability and flexibility of the global production system itself,” it said. It is unclear as yet whether any deal will involve a complete reopening of the strait of Hormuz, with Tehran relinquishing control. Even if marine traffic rapidly resumes, however, the IIF predicts only a “partial normalisation”, with the energy system remaining “tighter and more fragile than before the shock”. Indeed, by demonstrating that it is no longer willing or able to police free navigation through the waterways of the Middle East, the US may in effect have semi-permanently raised the cost of global commodities. In the teeth of the immediate crisis, governments in scores of countries have already introduced measures to constrain energy demand, in an attempt to limit the impact of the crisis on consumers. And forecasters have marked down expectations of GDP growth in oil-importing countries, as higher costs bear down on economic demand. But if peace talks falter yet again, and the weeks continue to tick by without resolution, the oil market could enter a new and more volatile phase. In the short-term, that would mean surging inflation and perhaps outright shortages of oil-based products. But over time, those challenges could be outweighed by the fear of recession. Trump has suggested that he does not think about the finances of ordinary Americans when negotiating with Iran. But it is not just his own citizens who have a stake in the standoff being resolved: in increasingly fragile energy markets, stringing talks out for even a few more weeks could be catastrophic.

الغارديان - أعمالمنذ 1 يوم

Could nature itself hold the solution to climate change?

In 2019, my scientific research was nearly brought to an early end when my team and I published the bombastic statement that natural forest restoration was the “best climate change solution” available in a paper for the peer-reviewed journal Science. I remember a colleague from the World Wildlife Fund advising me that this message represented career suicide. He argued that people would be furious because reducing greenhouse gas emissions was the most urgent priority. The revival of nature might help with 30% of our carbon drawdown needs, but you cannot stop rising temperatures without cutting emissions. I agreed both then and now. However, I explained that when we referred to the “best” solution, we didn’t simply mean the one with the largest impact in terms of C02; we meant the best option for improving the livelihoods and wellbeing of people, too. And that, as we shall see, plays a crucial role in magnifying the beneficial effect. Many people believe the scale of the climate challenge calls for immense technological innovation, geoengineering, or the transformation of our economy. But with these solutions there are often painful trade-offs. Almost every technological or geoengineering fix you can imagine comes at the expense of something else. Stratospheric aerosol injection is one example. Creating clouds of reflective particles could block the sun and cool the land below. But alterations in sunlight and rainfall patterns could disrupt the growth of the crops we depend on for food. Similarly, direct air carbon capture has incredible potential to remove C02, but the huge financial and energy costs currently stand in the way of deploying it at the scale we need. There is one set of solutions, however, that present no trade-off at all when they are done right. The restoration of natural habitats like forests is an exception in our climate toolkit because it draws on the same network of connections that allowed life to flourish in the first place. The resilience of the natural world comes from ancient, underappreciated forces known as feedback loops. A positive feedback loop occurs when the outcome of a process has an effect that amplifies the process itself. You can see these patterns all the time in different aspects of life: for example whenever your anxiety about sleeping makes it harder to drift off. Around 3.8bn to 4.2bn years ago, feedback loops allowed life to spread on an otherwise toxic and uninhabitable planet: Earth. As life gained a foothold, it began to transform the environment, making it hospitable to more life. Species emerged that generated opportunities for even more species. This self-reinforcing process created the Eden that allowed our own species to thrive, as well as providing every ounce of food, oxygen, timber, medicine and fuel we have ever needed. But as we are all aware, the success of our species has initiated new feedback loops. The exploitation of natural resources by human beings has allowed population growth that has driven even more exploitation, which has warmed the planet, causing carbon to be released from the soil, driving more warming. As forests dry out, they are able to store less moisture, which causes more drying. Many loops such as this are now in motion, threatening to tip our planet into an entirely new state. double quotation mark If we can work with nature’s feedback loops rather than distorting them, we can reap the benefits of their self-sustaining momentum But just as feedback loops can cause damage, they can be harnessed as a pathway to recovery. They are not objectively good or bad: they are simply agents of change. If we can work with nature’s feedback loops rather than distorting them, we can reap the benefits of their self-sustaining momentum. In Argentina’s Iberá national park, you can see a stunning example of runaway revival. After decades of degradation, the reintroduction of jaguars has reduced bloated herds of grazing herbivores, allowing wetland plants to recover. The plants’ roots trap moisture in the soil, and their branches provide a habitat for species that make this one of the most spectacular wetlands – and carbon sinks – on the planet. After just a few years, caimans now bask on the banks, macaws flash scarlet across the sky and giant otters patrol the waterways. Of course, nature-based solutions are not always so successful. Companies have created vast carbon farms via monocultural tree planting, destroying native species in the process. The drying of peatlands to reduce methane production leads to the release of huge amounts of CO2. Nature’s power lies in its complexity, so attempting to simplify or reengineer the system often backfires. The risks and trade-offs tend to disappear, though, when you get one vital part of the equation right. Time and again, when the revival of local biodiversity improves the livelihoods and wellbeing of local people, change becomes truly sustainable. Whenever people are intrinsically motivated to protect the environment around them, they become an integrated part of a natural feedback loop that can quickly gather momentum. In the Iberá wetlands example, ecotourism became the engine of a new “restoration economy” employing rangers, chefs, hosts, wildlife trackers and guides. There are hundreds of such examples around the world: in Saseri, northern India, strategic soil management and tree restoration is trapping water to improve the yields of more than 1,200 farmers. A thousand kilometres to the south-west, in Gujarat, Indigenous women are restoring mangroves to protect 12 coastal villages from erosion while simultaneously improving the productivity of fisheries, crops and livestock. What these and countless other projects illustrate is that we do not need remarkable innovation or great sacrifice to move things forward. We just need to allow a tiny fraction of our collective attention and wealth (perhaps less than 1% of global GDP) to flow towards these rural land stewards, supporting their ongoing efforts. Cumulatively, they result in hundreds of millions of tons of C02 captured – but that is only the beginning of their potential impact. The more degraded nature becomes, the more desperately we need it. When nature starts to bounce back, it doesn’t only provide livelihoods, food security and carbon storage; it revives the hope, joy and inspiration that our species so desperately needs at this critical moment in time. Though they might seem beside the point, these emotional reactions are the lifeblood of nature restoration, with the potential to generate their own feedback loops, far into the future. Prof Thomas Crowther is an ecologist and author of Nature’s Echo (Torva). He is Founder of Restor.eco, a non-profit platform for nature restoration sites Further reading Just Earth: How a Fairer World Will Save the Planet by Tony Juniper (Bloomsbury, £10.99) A Climate of Truth by Mike Berners-Lee (Cambridge University Press, £14.99) Wilding by Isabella Tree (Picador, £10.99)

الغارديان - بيئةمنذ 1 يوم

‘Every health facility said they were full’: alarm over rapid spread of Ebola in DRC

The warnings from aid groups and healthcare workers in the Democratic Republic of the Congo have been stark, their calls for coordinated international action impassioned. As the country reels from the return of the Ebola virus, there is growing concern that its fragile healthcare system will struggle to cope with an outbreak that experts say goes well beyond the number of confirmed cases. “The speed at which this Ebola outbreak is spreading is deeply worrying,” said Rose Tchwenko, the DRC country director at the NGO Mercy Corps. “The risk of wider spread is real, and more regional and global support is urgently needed.” Hama Amado, a field coordinator in the city of Bunia for the Alima aid group, said the virus was gaining momentum and spreading in many areas. “Everyone must mobilise,” he told Associated Press on Thursday. “We are still far from saying that the situation is under control.” It has been a week since the DRC reported its 17th outbreak of Ebola, a viral disease with a mortality rate of between 25% and 90% that is spread through body fluids or contaminated materials and causes organ damage, blood vessel impairment and sometimes severe internal and external bleeding. View image in fullscreen An Ebola treatment centre in Rwampara that a crowd set on fire on Thursday after authorities refused to hand over a victim’s body. Photograph: Gradel Muyisa Mumbere/Reuters Nearly 750 suspected cases and 177 suspected deaths have been recorded since the first known victim died in Bunia, the capital of Ituri province in north-western DRC, on 24 April. Mourners touched him during a funeral in the nearby town of Mongbwalu, contributing to the spread of the virus. Hospitals and other healthcare facilities have quickly become overwhelmed. Trish Newport, an emergency programme manager at Médecins Sans Frontières, said a team had identified suspected cases over the weekend at Bunia’s Salama hospital but found no available isolation ward in the area. “Every health facility they called said: ‘We’re full of suspect cases. We don’t have any space,’” she said on social media. “This gives you a vision of how crazy it is right now.” Several factors are impeding the aid response, including the strain of the virus, for which there is no approved treatment or vaccine; the remote and conflict-scarred location of the outbreak; and local funeral customs which are at odds with strict disease-control practice. All this is set against the backdrop of big shortfalls in aid budgets, driven largely by the Trump administration’s cuts to foreign aid. View image in fullscreen Volunteers carry disinfectant containers and sanitation equipment outside a hospital in Mongbwalu. Photograph: Michel Lunanga/Getty Images According to a study by the International Committee of the Red Cross (ICRC) this year, more than half of health facilities surveyed in North and South Kivu provinces – where cases have also been reported – were damaged or destroyed, and nearly half had reported significant staff departures since January 2025 owing to conflict and insecurity. Two incidents this week laid bare some of the aggravating factors. On Tuesday, at least 17 people were killed in an attack by the Allied Democratic Forces, a militant group operating in eastern DRC and parts of Uganda, on several villages near the town of Mambasa, in Ituri. “We are facing a double war: one of weapons and another of the disease outbreak,” said Zawadi Jeanne, a woman from the town who lost her brother and uncle in an ADF attack last month. On Thursday, a crowd set fire to a treatment centre in Rwampara, near Bunia, after authorities refused to give them the body of a victim they wanted to bury themselves. The burial of bodies, which can be highly contagious, is handled by authorities for containment of the disease, but some families prefer traditional burials, which involve washing and touching the body. In previous outbreaks this has proven to be a key driver of the disease’s spread. View image in fullscreen Medical staff wearing protective equipment spray disinfectant on a trailer used to transport a patient who died at the hospital in Rwampara. Photograph: Seros Muyisa/AFP/Getty Images Batakura Zamundu Mugeni, a customary chief who was at the scene in Rwampara, told Agence France-Presse that authorities were working with health officials to track down any patients who may have fled, as well as contact cases. He blamed the unrest on “young people who do not grasp the reality of the disease”. On Friday, the province banned funeral wakes and said burials must be conducted only by specialised teams. It also prohibited the transport of dead bodies by non-medical vehicles and limited public gatherings to a maximum of 50 people. Instructions to avoid physical contact more generally are hampered by a strong culture of expressing affection through touch. “We live in a society where shaking hands is on the menu every day,” said Jackson Lubula, who lives in Bunia. “With this disease, anything is possible. A small mistake can cost you dearly, so I decided to wash my hands with soap every time after each greeting.” View image in fullscreen The disease spreads via the bodily fluids of infected people. Photograph: Michel Lunanga/Getty Images Reports from across the affected areas add to the impression that the virus has been spreading unnoticed. A rapid needs assessment by ActionAid in the Bunia, Nizi and Nyankunde areas found nearly a third of schools had registered at least one suspected Ebola case or close contact. On Saturday, the Red Cross said three of its volunteers who died this month were believed to have contracted the virus as long ago as 27 March while carrying out dead body management as part of an unrelated humanitarian mission. People in Rwampara said the disease struck suddenly, and that early symptoms were mistaken for illnesses such as malaria. Botwine Swanze, whose son died, told a reporter for Associated Press: “He told me his heart was hurting. Then he started crying because of the pain. Then he started bleeding and vomiting a lot.” Dr Núria Carrera Graño, a clinician with ICRC who has provided services in two previous Ebola outbreaks, described the situation in the DRC as a humanitarian, political and security crisis resulting from cumulative and unfortunate events. View image in fullscreen Red Cross workers in Bunia go through a disinfection process after handling the body of an Ebola victim. Photograph: Gradel Muyisa Mumbere/Reuters She said responders should learn from past outbreaks about the importance of international cooperation and coordination. “We don’t have time to lose,” she said. To control the outbreak, the DRC government is working with medics including those who have experience in handling the disease. Dr Richard Kojan, an intensive care clinician with Alima who has provided services in several Ebola outbreaks, said there were many similarities between them, such as late discovery, insufficient resources to respond, and the lack of a vaccine at the outset. “The outbreak is out of control,” he said from Kinshasa, the DRC’s capital, this week. In the absence of a vaccine and approved treatment for the Bundibugyo strain of the virus, Kojan said, medics were working to optimise the standard of intensive care for patients and put in place surveillance and contact tracing for suspected cases. “If they are admitted to the treatment centre early, the viral load will be low in their samples, and then, with optimised care, they will have a high probability of surviving,” he said. View image in fullscreen A portable isolation unit. Photograph: Jérôme Delay/AP The Alima team is also deploying a portable treatment unit called Cube, a transparent plastic structure that allows interaction between patients and their relatives and medics without the need to wear personal protective equipment. Kojan developed the concept after his experience with Ebola in the 2014-16 outbreak. As the virus spreads, increasing numbers of people in Bunia are discovering friends and relatives have fallen victim, fuelling their anxiety. “The mere thought of the name ‘Ebola’ scares me,” said Jeanne, who has a nephew in a health facility in Rwampara. But she remains optimistic. “God is the one who knows what’s ahead,” she said. “I tell myself that the disease will spread but not to an alarming level. We can just hope for the best.”

الغارديانمنذ 2 يوم

Woman Discovers Husband Racked Up Another $50K in Credit Card Debt After $40K Payoff — 'Restaurants, Amazon and Stupid Stuff'

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Credit card debt driven by spending habits rarely goes away easily and often lingers far longer than most people expect. In a Reddit post, a woman said she discovered her husband had quietly run up about $50,000 in credit card debt in just a few months. But that wasn't the worst part. Just a year earlier, she had already drained savings and part of an inheritance to pay roughly $40,000 of his earlier credit card debt, believing the problem was finally behind them. "I am so sick to my stomach," the Redditor wrote. "I’m in the process of methodically going through everything I can find so I can face this head-on and deal with it, but I seriously cannot believe I’m back further than square one." Don't Miss: ‘Need More Than One Job' The woman said she has been a stay-at-home mom for years, raising children, including twins now preparing for college. But after discovering a massive debt crisis in the household, she said she may have no choice but to return to work. "I’ve been so long and far out of the workforce that I don't even know what I can find," she said. "I think I’ll realistically need more than one job." ‘All Stupid' The comment erupted with questions about where the money went, with many Reddit users speculating it could be a gambling addiction or even an affair. But the woman said she does not believe it's gambling or infidelity. Instead, she described the spending as a mix of poor financial choices and possible mental health struggles. "It’s all stupid stuff," she wrote. "Instead of paying utilities bills with cash, for example, it’s with the credit card. There was about $7500 for an unexpected expense that I did know about, but the rest is all stupid. Restaurants. Amazon. Tools." The woman said her husband spent heavily on dining out, with Starbucks alone accounting for about 4% of their total debt. When credit card balances continue to grow due to everyday spending and unexpected expenses, some consumers explore options like Accredited Debt Relief to review potential strategies for consolidating or reducing unsecured debt and creating a more manageable repayment plan. See Also: Think the biggest tech gains happen after an IPO? Click here to see why some investors are looking at opportunities before companies go public. ‘I'll Figure Out Later' Many Reddit users said the husband's decision to quietly rack up tens of thousands in credit card debt without telling her was a major "red flag," with several suggesting she consider divorce or at least marriage counseling. The woman, however, said she is not ready to take that route yet and wants stability for the children while dealing with the financial fallout first. "I can’t think of that," she said. "The first thing I need is a stable environment for my kids. Especially the two that are in the middle of writing college essays, etc. The rest I’ll figure out later." Many commenters urged the woman to take full control of the household finances, cut all non-essential spending immediately, and freeze or limit access to credit. "You need to start managing the money of the household and running the budget," one commenter said. "He should be paying the lion’s share of this debt off with his own money as a gesture of his commitment to change and desire to earn back your trust." Read Next: Building Wealth Across More Than Just the Market Building a resilient portfolio means thinking beyond a single asset or market trend. Economic cycles shift, sectors rise and fall, and no one investment performs well in every environment. That's why many investors look to diversify with platforms that provide access to real estate, fixed-income opportunities, professional financial guidance, precious metals, and even self-directed retirement accounts. 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Backed by institutions including NASA and the NIH, rHealth is targeting the large global diagnostics market with a multi-test platform and a model built around devices, consumables, and software. With FDA registration in progress, the company is positioning itself as a potential shift toward faster, more decentralized healthcare testing. Arrived Backed by Jeff Bezos, Arrived Homes makes real estate investing accessible with a low barrier to entry. Investors can buy fractional shares of single-family rentals and vacation homes starting with as little as $100. This allows everyday investors to diversify into real estate, collect rental income, and build long-term wealth without needing to manage properties directly. Masterworks Masterworks enables investors to diversify into blue-chip art, an alternative asset class with historically low correlation to stocks and bonds. Through fractional ownership of museum-quality works by artists like Banksy, Basquiat, and Picasso, investors gain access without the high costs or complexities of owning art outright. With hundreds of offerings and strong historical exits on select works, Masterworks adds a scarce, globally traded asset to portfolios seeking long-term diversification. Lightstone Lightstone DIRECT gives accredited investors access to institutional-quality multifamily real estate opportunities backed by a vertically integrated operator with more than $12 billion in assets under management and a 40-year track record. With more than 25,000 multifamily units nationwide — including significant exposure to low-supply Midwest markets where rent growth has remained resilient — Lightstone is positioning investors to benefit from tightening housing supply, strong occupancy trends, and long-term rental demand. Through Lightstone DIRECT, individuals can co-invest alongside the firm, which commits at least 20% to each deal, offering exposure to professionally managed multifamily assets designed to generate durable income and long-term appreciation beyond the traditional stock market. AdviserMatch AdviserMatch is a free online tool that helps individuals connect with financial advisors based on their goals, financial situation, and investment needs. Instead of spending hours researching advisors on your own, the platform asks a few quick questions and matches you with professionals who can assist with areas like retirement planning, investment strategy, and overall financial guidance. Consultations are no-obligation, and services vary by advisor, giving investors a chance to explore whether professional advice could help improve their long-term financial plan. 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ياهو فاينانسمنذ 2 يوم

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من المأساة إلى التكنولوجيا: إيران تفقد رئيسها، وكوالكوم تحذر، وOpenAI تبتكر، وهونر تراهن على البطاريات الضخمة

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شهد الأسبوع أحداثًا متضاربة: مقتل الرئيس الإيراني رئيسي في حادث تحطم طائرة هليكوبتر، بينما حققت كوالكوم أداءً قويًا لكنها حذرت من نقص محتمل في الذاكرة. في المقابل، أطلقت OpenAI منصة Frontier للتحكم في وكلاء الذكاء الاصطناعي، وحققت هونر نموًا بفضل هواتفها ذات البطاريات الضخمة وتستعد لإطلاق جهاز جديد ببطارية 10000 مللي أمبير.

منذ 73 يوم

Crack and crime to confident and qualified: is the future about to change for Rhyl’s youth?

43 خبر

Killing time playing pool at the West Rhyl youth club, friends Sienna, 19, and Jake, 26, are unanimous when asked what a tour of the north Wales seaside town should look like. “The first place I’d show anyone is ‘Crackhead Circle’,” Sienna says. The small public garden behind the town hall and a paved area by the closed home bargain store Wilko in the adjacent high street host several strung-out characters on a cold February afternoon. Police cars crawl through the area every 15 minutes or so as part of Project Renew, a year-long crackdown on gang activity and drugs. On the seafront, a row of Victorian hotels look out over the milky-green Irish Sea, but their glamour has long faded; the dilapidated buildings now serve as emergency accommodation for the council. Sienna waves at a group of people gathered on the steps of the Westminster hotel as she walks past. Her family moved around a lot before coming to Rhyl a few years ago. They lived at the hotel when they arrived. View image in fullscreen Sienna and Jake in one of Rhyl’s amusement arcades. ‘My mates who have jobs are all working part-time,’ she says She is a gifted athlete, but a basketball injury that required major surgery on her leg interfered with her education, pursuing sports and entering the world of work. Q&A What is the Against the tide series? Show Over the next year, the Against the Tide project from the Guardian’s Seascape team will be reporting on the lives of young people in coastal communities across England and Wales. Young people in many of England's coastal towns are disproportionately likely to face poverty, poor housing, lower educational attainment and employment opportunities than their peers in equivalent inland areas. In the most deprived coastal towns they can be left to struggle with crumbling and stripped-back public services and transport that limit their life choices. For the next 12 months, accompanied by the documentary photographer Polly Braden, we will travel up and down the country to port towns, seaside resorts and former fishing villages to ask 16- to 25-year-olds to tell us about their lives and how they feel about the places they live. By putting their voices at the front and centre of our reporting, we want to examine what kind of changes they need to build the futures they want for themselves. Was this helpful? Thank you for your feedback. “It has been difficult to settle down here,” she says. “I don’t think it’s that dangerous, but you have to be careful by the bus station.” Rhyl West has topped deprivation tables in Wales for decades. Drugs and violence are significant problems in the once elegant holiday town; the ward has a crime rate of 197 for every 1,000 people – about 2.5 times the average for Wales. The violent crime rate is 88 for every 1,000, or more than double Wales’ average. View image in fullscreen Donna and Chris, both youth workers, talking to young people in the town centre about what opportunities exist in the resort The town’s young people, like so many others in coastal communities in England and Wales, leave school and often find themselves faced with few opportunities for work and little chance of finding somewhere affordable to live. “My mates who have jobs are all working part-time in shops or deliveries or tourism,” says Sienna. “Almost no one can afford to move out from their parents and get their own place. They can’t afford to leave either.” double quotation mark Our issue in Rhyl is getting people into work. Many young people lack the basics Melanie Evans, Working Denbighshire Sienna has a fiance in Northern Ireland but she does not have the money to see him very often. “We haven’t figured out how we can be together yet.” But there are tentative signs that the tide may finally be turning for Rhyl. Project Renew is working – in January, North Wales police said crime was down 14% on a year ago – and everyone the Guardian met agreed there is less drug use on the street. Years of construction work on the promenade finally finished last summer, the nearby Queen’s Market food hall, waterpark and cinema have all been recently revamped, and a neighbourhood board has been put together to decide how to spend millions allocated through the government’s Pride in Place funding. View image in fullscreen The Westminster hotel, where Sienna and her family lived for more than a year after moving to Rhyl. Several of the town’s old hotels now serve as temporary council accommodation Pride in Place, Labour’s answer to the Conservatives’ levelling up strategy, has awarded hundreds of places, many of them coastal, with £20m. The proviso is that local people, the MP, the council, businesses and community organisations must all work together on how best to spend it. Gill German, MP for Clwyd North, is keen that young people in Rhyl are involved in that process. “The youth service consulted 600 young people about what they need,” she says. “They [the young people] still don’t think the beach belongs to them – they think it’s for tourists – so we need to try to make sure they start feeling the benefits of living by the sea and those wellbeing factors [associated with that].” double quotation mark If you keep doing the same thing, you’ll keep getting the same results. We needed to do something different Melanie Evans, Working Denbighshire Researchers from University College London recently travelled up and down the English coast talking to local people for their Coastal Youth Life Chances project and concluded that one of the things that would make a difference to young people in seaside communities would be to include them in planning and decision-making. “We’ve managed to get more young people on Our Rhyl [the Pride in Place board],” says German. “Hopefully that will start connecting them to the growing opportunities [in Rhyl].” Rhyl is unusual in that it is youthful in comparison to most UK coastal towns. It is also an outlier in that the unemployment rate in Denbighshire is 4.8%, lower than the UK average of 5.2%, even though coastal areas tend to have more people out of work. “Our issue in Rhyl is getting people into work,” says Melanie Evans, of Working Denbighshire. “Many young people lack the basics, such as knowing how to talk to people in a workplace or an office, or how to dress. Those are skills we are teaching.” In 2017, Working Denbighshire consolidated more than a dozen funding streams from the Welsh government and Westminster into one pool, making it simpler to coordinate services and channel money to where it is needed most. View image in fullscreen Old photographs of Rhyl in its heyday, when it was a thriving resort for visitors from Merseyside The results are clear. In 2021, Project Barod was launched – Barod means “ready” in Welsh – offering one-to-one mentoring support in helping find work or training, workshops to help build confidence and skills, such as cooking classes and beach clean-ups, as well as classes in reading, writing and maths. When participants are ready, they can access subsidised work experience, and the project also supports people struggling to hold down a job, and those who want to retrain. double quotation mark It’s tough working with short-term funding … That lack of certainty makes it harder because young people can’t rely on us Jay McGuinness “Our thinking was: if you’re going to keep doing the same thing, you’re going to keep getting the same results,” says Evans. “We needed to do something different to break the cycle of poverty.” The number of people in education or training after support from Working Denbighshire in the first half of the 2025-26 financial year was 163, up 233% on the department’s target of 70, with 38% of those helped aged 16 to 24, by far the biggest demographic group. By his own admission, Luke, 19, did not enjoy school, and had no idea what he wanted to do when he left. After quitting a job he hated at a clothes shop, he was referred to Barod by the jobcentre. Over the past year the programme has helped him study for a roofing qualification and find work as an apprentice. View image in fullscreen Florence and another trainee flanking Steve Baxendale. The baker was teaching them how to make pizzas in a scheme run by Project Barod View image in fullscreen ‘Learning something new gives me a sense of accomplishment,’ says 25-year-old Florence “I’m still very shy. Talking to people and paperwork and exams and stuff can be overwhelming,” he says. “I never imagined I would be doing this though. Eventually, I want to run my own business and work for myself.” At a Barod pizza-making class at Use Your Loaf, a community bakery, the small group are being shown different ways to stretch and toss dough by the baker, Steve Baxendale. Florence, 25, cracks a shy smile as she throws the thin circle in the air, specks of flour spotting her glasses and apron. Health issues have prevented her from applying to university yet, although a degree in cognitive science is still the goal. “I’ve been going to workshops like these for a couple of years now,” she says. “They help with confidence. View image in fullscreen Sienna and Jake are regulars at Rhyl’s boxing club. She says it’s a highlight of her week and is now thinking of training to becoming a youth or social worker “Making something or learning something new gives me a sense of accomplishment, and it’s sometimes easier to tackle the things I need to do when I feel I’ve already done something right.” For all of Rhyl’s recent successes, some teenagers and young people are still falling through the cracks. Jay McGuinness, a social worker who trains Sienna and Jake at the Rhyl Youth Boxing Club, says one part of the job is walking around the town centre in the early evening and getting to know the young people hanging out there. The aim is to build enough trust that they might then engage with the youth centre. “We’re a non-profit, we’re not run by the council, and it’s real

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