On Aug 29, 10:56=A0am, kangarooistan wrote:
> The net loss totaled A$2.57 a share in the 12 months to June 30
>
=A0Centro Properties jumped 14 percent to 21 Australian cents as of
10:15
=A0a.m., valuing it at A$177 million.
=A0 a peak market worth of A$8.5 billion in May 2007.
=A0now worth 177 million
>
> best sack all journalists who wont report the official usa version of
> news , all news can now be controlled from Washington white house news
> room
> =A0=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=
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>
Centro Posts A$2.1 Billion Full-Year Loss on Asset Writedowns
>
> > Aug. 29 (Bloomberg) -- Centro Properties Group, the shopping mall
> > owner seeking a debt extension to stay in business, posted a full-year
> > net loss of A$2.1 billion ($1.8 billion) as it wrote down the value of
> > U.S. and Australian assets.
>
> > The net loss totaled A$2.57 a share in the 12 months to June 30,
> > compared with net income of A$469.7 million, or 58.44 cents, a year> ea=
rlier, Melbourne-based Centro said today in a statement to the
> > Australian stock exchange.
>
> =A0Centro, which manages more than 650 malls in the U.S., Australia and
> New Zealand, wrote down A$1.2 billion on properties.
>
>
>
> > =3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=
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>
> > Centro Posts A$2.1 Billion Annual Loss on Writedowns (Update1)
>
> > By Laura Cochranehttp://www.bloomberg.com/apps/news?pid=3D20601080&sid=
=3Dax21UFLxQ510&refe...
> > Aug. 29 (Bloomberg) -- Centro Properties Group, the shopping mall
> > owner seeking a debt extension to stay in business, posted a full-year
> > net loss of A$2.1 billion ($1.8 billion) as it wrote down the value of
> > U.S. and Australian assets.
>
> > The loss totaled A$2.57 a share in the 12 months to June 30, compared
> > with net income of A$469.7 million, or 58.44 cents, a year earlier,
> > Melbourne-based Centro said today in a statement to the Australian
> > stock exchange. Centro, which manages more than 750 malls in the U.S.,
> > Australia and New Zealand, wrote down A$1.2 billion on its properties.
>
> > Chief Executive Officer Glenn Rufrano, 58, is struggling to raise cash
> > by selling assets as property values decline in the U.S. and
> > Australia. Rufrano took over this year after Centro lost more than A$4
> > billion of market value following its Dec. 17 decision to seek a
> > reprieve from lenders after debt markets seized up. The company said
> > this week it may offer lenders hybrid securities in lieu of
> > borrowings, affecting shareholders.
>
> > ``There is no disguising the seriousness of the situation for the
> > Centro group,'' Rufrano said in the statement. ``We are making
> > incremental steps towards stabilization in a difficult environment.''
>
> > Centro Properties jumped 14 percent to 21 Australian cents as of 10:15
> > a.m., valuing it at A$177 million. The company, which manages assets
> > worth some A$22.6 billion, reached a peak market worth of A$8.5
> > billion in May 2007.
>
> > The loss extends Centro Properties' A$1.1 billion first- half loss.
> > Centro Retail Group, the company's listed investment trust and biggest
> > traded asset, today posted a full-year net loss of $867.7 million.
>
> > Searching for Buyers
>
> > Centro Properties has total debt of A$17.3 billion, and its borrowings
> > are equal to about 73 percent of total assets, the company said.
>
> > Rufrano has been searching for a buyer for fund stakes for nine months
> > and in that time has won five extensions from lenders including
> > Commonwealth Bank of Australia, JPMorgan Chase & Co. and Royal Bank of
> > Scotland Group Plc.
>
> > Centro has 665 centers in the U.S., where the value of its properties
> > fell to $12.8 billion from $13.9 billion a year earlier amid slowing
> > retail sales and a potential recession. On July 15, the company sold a
> > 46.65 percent stake in its unlisted Centro America Fund to a private
> > real estate investor for $714 million, 10 percent less than its book
> > value.
>
> > U.S. retail sales dropped in July for the first time in five months,
> > falling 0.1 percent, the Commerce Department said Aug. 13. Consumer
> > confidence has almost halved in the past 12 months to 56.9 in July
> > amid a weakening labor market, falling home prices and higher
> > inflation.
>
> how can shares worth 21 cents lose more than ten times their market
> value in a year
> western taxpayers are bleeding to death dfor the usa
>
> no wonder the usa is sending jet fighters to remind the aussies who
> owns the country
>
> Jet fighters to buzz Sydney Harbour
>
> August 28, 2008 09:36pm
>
> THREE =A0US National Guard jet fighters will fly over Sydney Harbour
> tomorrow as part of a training exercise to remind australans who
> really owns the country .
>
> =A0the American Eagle jets, =A0Sydneysiders can expect to see in the skie=
s
> between 2pm and 3pm (AEST). are reminding australians who owns the
> country and its now time to hand over their wealth to american and
> israeli masters
>
> =A0five aircraft will leave Williamtown airbase near Newcastle and head
> toward Sydney.
>
> "On the way to and from Sydney, the aircraft will conduct training
> activities," the Defence Department said in a statement.
>
> "While over Sydney, aircraft imagery will be taken."
>
> The aircraft will enter Sydney Harbour near Watson's Bay from where
> they will fly in formation to the Harbour Bridge at about 1000 feet
> above water.
>
> "Upon reaching the Harbour Bridge, aircraft will climb to 3000 feet
> and change formation to one Hornet and three Eagles, with the second
> Hornet acting as a photographic aircraft," the statement said.
>
> After a 180-degree turn at Huxley's Point the aircraft will head back
> to the coast en route to Williamtown.
>
> The US aircraft are based at Williamtown to control RAAF fighter
> combat instructor's =A0which the department says provides personnel
> "with the highest possible level of fighter combat ". to remind
> aussies who really owns the country
>
> "The involvement of US Air National Guard Units delivers vital
> opportunities remind aussies to behave ad hand over their assets
> without any funny ideas
>
.
.
> best not release any balloons over sydney harbor today , we dont want
> to embarrass our masters toys and games over their harbor and their
> city
So, was there a Battle for Australia? No: not in the literal meaning
of the term.
Saturday Extra 7.30 am saturday
Search Saturday Extra
http://www.abc.net.au/rn/saturdayextra/default.htm
So, was there a Battle for Australia? No: not in the literal meaning
of the term.
official historians did not endorse the idea of a =93Battle for
Australia=94.
Except for a few wartime propaganda booklets, this idea fell out of
use for fifty years: it simply doesn=92t figure in general histories of
Australia or in specialist studies of the Pacific war. Then it becomes
current again over the past decade. But why? Is there a basis in
history for the revival of this concept?
there was no =93Battle for Australia=94, as such. As it turned out, Curtin
was wrong. There was to be no such battle, not as he envisaged it.
Thank goodness.
How dare I say this, some of you may ask. I can assure you, I=92m not
the first. I take my cue from official historians Gavin Long, Dudley
McCarthy, Lionel Wigmore and Paul Hasluck. If they did not endorse the
idea of a =93Battle for Australia=94, then we need to be convinced before
we do.
We need to take the Battle for Australia interpretation seriously, to
consider why some want to endorse it. And we need to consider how we
can live with this emotion, and ask what purpose it might serve.
Darwin raids, for example, were undertaken to support the Japanese
conquest of Timor. They did not herald invasion. They did not result
in a thousand Australian deaths, as is now claimed.
Of the 250 victims of those first two raids, very few were in fact
Australian. The largest single group were the 188 American sailors
killed aboard the destroyer Peary, while most of the rest were British
empire merchant seamen.
Most of the Australians killed were civilians =96 merchant sailors, the
oft-abused wharfies, the PMG telegraph girls killed in the Post
Office, and Daisy Martin, the Administrator=92s Aboriginal servant girl.
Of the 250 dead, only eighteen were uniformed members of the
Australian services:
Think of the flood of books on the Papuan campaign =96 Professor Hank
Nelson reckons that about 3000 pages have been published on Papua
since 2002
Then there is the problem that it is based on one of the most
tenacious myths of 1942, the idea that the Japanese planned to invade
Australia in 1942.
but in 2006 we cannot continue to talk about Japanese plans or
intentions to invade Australia in 1942 when there is no evidence for
such plans, and much evidence to show that none was planned.
So, was there a Battle for Australia? No: not in the literal meaning
of the term.
on ABC Radio National
Saturday extra this week has an interview with dr peter Stanley from
the war museum in Canberra
they will debate if japan ever planned to invade Australia
as per add on radio today , i can not see this listed on the web yet ,
but dr Stanley is very good and he claim as japan never planned to
attack
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http://www.awm.gov.au/events/talks/oration2006.asp
Talks at the Memorial
"Was there a Battle for Australia?"
Australian War Memorial Anniversary Oration by Dr Peter Stanley, 10
November 2006
For Australia, 1942 was the year of greatest losses, a year of crises
confronted and overcome. It was a year in which war briefly touched
Australia=92s shores. What does this mean for the way we remember 1942?
It suggests that we should at least question whether there was a
=93Battle for Australia=94
The idea of organising the events of 1942 around the idea of a =93Battle
for Australia=94 is quite a new one
They suggest that it was conceived in 1996 by the Victorian President
of the Air Force Association, Wing Commander Reginald Yardley, and was
fostered in schools by a former Chief Executive Officer of the History
Teachers=92 Association of Victoria, Dr Jacqualine Hollingworth.
Either way, by 1998 a national Battle for Australia Council existed
Inga Clendinnen reminds us why these =93collective stories=94 are
important to us. But as the stories become more collective =96 and this
is a national story =96 they acquire =93de facto custodians=94 =96 like Mr
Bowen, perhaps. These guardians, she says, =93find they have to invent
crimes like blasphemy, heresy, treason or =93being un-Australian=94 to see
off any incubating counter-stories=94.
She disagrees with the proposal that =93the true purpose of =91Australian
history=92 [ =85 should be] patriotic and integrative=94. She thinks =96 an=
d I
agree =96 that =93historians need to resist participating in the
concoction of large, inspiriting narratives, because any [such]
narrative requires significant narrowing of vision and manipulations
of the truth=94 =96 or, I=92d rather say, of the evidence.
It is the product of the emergence of a school of history =96 and
especially military history - that justifies the name =93nationalist=94.
we all-too-often take for granted. She has shown, for example, how for
about forty years it was accepted that the battle of the Coral Sea
=93saved Australia from invasion=94.10
official historians did not endorse the idea of a =93Battle for
Australia=94.
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and our politicians knew it all along
listen in on saturday
Search Saturday Extra
http://www.abc.net.au/rn/saturdayextra/default.htm
Home | Past Programs | Have Your Say | Subscribe
30 August 2008
Reporting season
http://www.abc.net.au/rn/saturdayextra/stories/2008/2350473.htm
|
The reporting season for most of Australia's listed companies has come
to a close, and the final day proved pretty grim for many investors.
One time sharemarket darlings Centro Property and Allco Finance
declared annual losses of 2 billion and 1.7 billion respectively and
the immediate future of both companies remains in doubt.
ABC Learning was to have reported yesterday but didn't, the missed
deadline putting in breach of ASX rules.
But those results also served to highlight what a terrific year many
other businesses have enjoyed - albeit in a pretty tough credit
environment.
BHP, Commonwealth Bank and Woolworths all reported very strong figures
- Infact Woolies posted a stellar 26% rise in annual profit to 1.63
billion dollars.
So what do we make of these contrasting fortunes?
To borrow from a new but already well worn phrase, it's been something
of a two speed reporting season.
Guests
Robert Gottliebsen
Senior columnist, Business Spectator
Further Information
Business Spectator
Presenter
Geraldine Doogue
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http://www.abc.net.au/rn/schedule/sat.htm
schedule header - Saturday
| MON | TUE | WED | THU | FRI | SAT | SUN |
(See alternative schedules for WA, QLD & Regional NT, Darwin,
Newcastle & Hunter Valley.)
Available to print: pdf, one page frequency guide (about pdf) and
plain text
5:00amAsia Pacific
with Linda LoPresti. Comprehensive daily coverage of Asian and Pacific
affairs
5:30amBBC Comedy
Wake up to a laugh from the BBC
6:00amCountry Breakfast
with Matthew O'Sullivan. News and features from rural and regional
Australia
7:00amSaturday AM
with Elizabeth Jackson. Australia's most informative morning current
affairs
7:30amSaturday Extra
with Geraldine Doogue. Analysis of the week's events, with a special
focus on business and foreign affairs
9:00amBy Design
with Alan Saunders. How we shape our world Repeat b'cast 3pm
Wednesday.
10:00amThe Music Show
with Andrew Ford. Diverse new music and analysis of its content.
Includes a round-up of the latest music events in Australia. Repeat
b'cast 8pm Saturday.
12:00pmThe Science Show
with Robyn Williams. Exploring issues and ideas in science Repeat
b'cast 7pm Monday.
1:00pmAll In The Mind
with Natasha Mitchell. A weekly foray into all things mental: the
mind, brain and behaviour
1:35pmThe Philosopher's Zone
with Alan Saunders. Big philosophical questions Repeat b'cast Monday
1.35pm.
2:00pmRadioEye
with Brent Clough. Radio Eye presents the best in documentaries and
features from Australia and around the world. Repeat b'cast 1pm
Wednesday.
3:00pmPoetica
with Mike Ladd. Contemporary and classical poetry explored in sound
Repeat b'cast Thursday, 3pm.
3:45pmLingua Franca
A look at all aspects of language Repeat b'cast Thursday, 3.45pm.
4:00pmLife & Times
with Richard Buckham. A program of radio biographies Repeat b'cast
6:00am Sunday.
5:00pmInto the Music
with Robyn Johnston. Music documentaries Repeat b'cast 3pm Friday.
6:00pmAWAYE! (Listen Up)
with Daniel Browning. Indigenous arts and issues
7:00pmBig Ideas
Lectures, special series including the Boyer Lectures.
8:00pmThe Music Show
with Andrew Ford. A mix of music, interviews and the latest
developments in music
10:00pmThe Weekend Planet
with Doug Spencer. Richly varied music from around the world.
12:00amThe Night Air
Contemporary radio mix of music, features and performance Repeat
b'cast First broadcast Sunday 8.30pm.
1:00amSaturday Extra part 2
with Geraldine Doogue. Analysis of the week's events, with a special
focus on business and foreign affairs
2:00amQuiet Space
a place where the music will free your mind from the everyday
3:00amAWAYE! (Listen Up)
with Daniel Browning. Indigenous arts and issues
4:00amClassic Late Night Live
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issues
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