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Fighting for change: how much cash Olympic medallists actually win at Paris 2024

<p>As the world soaks up the glitz and glamour of Paris 2024, athletes are not just eyeing the podium – they're also thinking about the cash they might pocket. Or, in some cases, the cash they might not pocket. Because while the Olympics is a billion-dollar spectacle, the earnings for athletes can range from princely sums to pocket change.</p> <p><strong>Australia: A Gold Medal and a Discount Coupon</strong></p> <p>Let’s start with the Aussies. Winning gold at the Olympics might be the pinnacle of an athlete's career, but for Australian athletes, it also means... $20,000. Yes, you heard that right. In a land where a house deposit will likely cost you a LOT more, Aussie Olympians are basically getting paid in Monopoly money. Silver and bronze medalists get $15,000 and $10,000 respectively. That's enough for a decent holiday, but you might still need a GoFundMe for the flights.</p> <p><strong>Singapore: the million-dollar carrot</strong></p> <p>On the other end of the spectrum, athletes from Singapore are practically diving into pools of gold – like Scrooge McDuck, but in real life. A gold medal will earn them a staggering AU$1.13 million. That’s the kind of money that makes you forget about the gruelling four-year training cycle and instead think about which colour Lamborghini matches your national flag.</p> <p><strong>Hong Kong: fencing your way to riches</strong></p> <p>Hong Kong, not to be outdone, will reward its fencing champion Vivian Kong with AU$1.17 million for her gold. That’s enough to make you consider taking up fencing, even if you’re as coordinated as a baby giraffe.</p> <p><strong>Malaysia and Kazakhstan: cars and apartments</strong></p> <p>In Malaysia, winning athletes might not get cold hard cash, but they do get a new car. And in Kazakhstan, you can literally earn a place to call home – with more rooms depending on the colour of your medal. A gold gets you a penthouse, a silver a two-bedroom, and a bronze... well, maybe a studio with a view of the parking lot.</p> <p><strong>France: host with the most (ish)</strong></p> <p>The host nation, France, offers a more modest reward of $108,000 for a gold medal. That’s enough to cover a year's rent in Paris, or a really good wine collection. But let’s face it, in the land of fine dining, they might just spend it all on cheese.</p> <p><strong>New Zealand, Norway and the UK: the love of the game</strong></p> <p>Athletes from New Zealand, Norway and the UK? Well, they’ll have to make do with a pat on the back and a hearty “well done”, because there’s no financial incentive for winning a medal in these countries. Just the satisfaction of representing your nation, which, as any athlete will tell you, doesn't pay the bills.</p> <p><strong>The United States: the great divide</strong></p> <p>The US offers $37,500 for a gold medal, but that's chump change compared to the endorsement deals top athletes like swimmer Katie Ledecky pull in. She's reportedly earning $1 million a year from swimwear endorsements. Meanwhile, many other American athletes are scraping by, with some earning less than $15,000 a year. That's barely enough for a year's supply of Weet-Bix, let alone world-class training.</p> <p><strong>Jamaica: sharing the love</strong></p> <p>Jamaica’s Olympic team will share a pot of about AU$3,500 each, regardless of their results. It's the ultimate participation trophy – except it’s not enough to buy a trophy, or even a decent pair of running shoes.</p> <p><strong>World Athletics: the global jackpot</strong></p> <p>World Athletics is offering a $3.6 million prize pool for track and field events, with $76,000 per gold medalist. It's a model that some athletes, like Australia’s Arianne Titmus, think other sports should follow. After all, nothing says “thank you for your hard work” like a big, fat cheque.</p> <p>So, whether they’re racing for millions or just a modest thank you, athletes at Paris 2024 will be giving it their all. Because at the end of the day, it's not just about the money. It's about the glory, the honour, and ... well, okay, it’s mostly about the money.</p> <p><em>Images: Instagram \ Shutterstock</em></p>

Money & Banking

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"Am I dreaming?": Prince William serves up burgers from food van

<p>The Prince of Wales has stunned a few unsuspecting customers of a London food truck by serving them burgers. </p> <p>In collaboration with popular YouTube channel<em> Sorted Food</em>, Prince William took part in the stunt to promote The Earthshot Prize, a mission he founded in hopes to repair the planet. </p> <p>They worked together to create a plant-based 'Earthshot burger', which they served to customers, in the clip shared on YouTube. </p> <p>As part of the stunt, Prince William first hid his identity by facing away from the customers, when it was time to serve the food, he turned around with burgers in hand to the shock of the diners. </p> <p>"My brain took three seconds to buffer - am I dreaming?" one said after seeing Prince William serving burgers. </p> <p>"I was lost for words," said another. </p> <p>"I was shell-shocked" said a third. </p> <p>The Prince of Wales also praised last year's Earthshot Prize winners, and explained that the dishes served used three of their innovations, which all represented a solution to help repair the planet. </p> <p>"For those of you who don't know, the Earthshot Prize is there to repair and regenerate the planet. Everything you see here comes from the winners from last year," he said.</p> <p>The ingredients for the burgers were sourced by Indian start-up Kheyti, who support local farmers and help shelter their crops from unpredictable weather events and pests. </p> <p>The burgers were cooked in a cleaner-burning portable stove from Mukuru Clean Stoves, which aims to reduce air pollution, and the food was served on Notpla takeaway containers made from natural and biodegradable materials. </p> <p>This is the verdict from the diners: "the best burger we've ever had."</p> <p>The Prince also joked with diners saying that the global Earthshot Prize started back when he "had hair."</p> <p>"It's designed as an environmental prize tackling the world's greatest environmental problems,"  he said. </p> <p>"We liked the idea that this is a big deal, this is like something we really need to aim for, but it's about saving the planet, not taking us to the moon."</p> <p>He added:  "And there's many people out there who want us to move to the next planet already and I'm like, hang on, let's not give up on this planet yet."</p> <p><em>Images: Kensington Palace/ Sorted Food YouTube</em></p>

Food & Wine

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"This doesn’t feel right, does it?": Photographer admits Sony prize-winning photo was AI generated

<p>A German photographer is refusing an award for his prize-winning shot after admitting to being a “cheeky monkey”, revealing the image was generated using artificial intelligence.</p> <p>The artist, Boris Eldagsen, shared on his website that he would not be accepting the prestigious award for the creative open category, which he won at <a href="https://www.oversixty.co.nz/entertainment/art/winners-of-sony-world-photography-awards-revealed" target="_blank" rel="noopener">2023’s Sony world photography awards</a>.</p> <p>The winning photograph showcased a black and white image of two women from different generations.</p> <p>Eldagsen, who studied photography and visual arts at the Art Academy of Mainz, conceptual art and intermedia at the Academy of Fine Arts in Prague, and fine art at the Sarojini Naidu School of Arts and Communication in Hyderabad released a statement on his website, admitting he “applied as a cheeky monkey” to find out if competitions would be prepared for AI images to enter. “They are not,” he revealed.</p> <p>“We, the photo world, need an open discussion,” Eldagsen said.</p> <p>“A discussion about what we want to consider photography and what not. Is the umbrella of photography large enough to invite AI images to enter – or would this be a mistake?</p> <p>“With my refusal of the award I hope to speed up this debate.”</p> <p>Eldagsen said this was an “historic moment” as it was the fist AI image to have won a prestigious international photography competition, adding “How many of you knew or suspected that it was AI generated? Something about this doesn’t feel right, does it?</p> <p>“AI images and photography should not compete with each other in an award like this. They are different entities. AI is not photography. Therefore I will not accept the award.”</p> <p>The photographer suggested donating the prize to a photo festival in Odesa, Ukraine.</p> <p>It comes as a heated debate over the use and safety concerns of AI continue, with some going as far as to issue apocalyptic warnings that the technology may be close to causing irreparable damage to the human experience.</p> <p>Google’s chief executive, Sundar Pirchai said, “It can be very harmful if deployed wrongly and we don’t have all the answers there yet – and the technology is moving fast. So, does that keep me up at night? Absolutely.”</p> <p>A spokesperson for the World Photography Organisation admitted that the prize-winning photographer had confirmed the “co-creation” of the image using AI to them prior to winning the award.</p> <p>“The creative category of the open competition welcomes various experimental approaches to image making from cyanotypes and rayographs to cutting-edge digital practices. As such, following our correspondence with Boris and the warranties he provided, we felt that his entry fulfilled the criteria for this category, and we were supportive of his participation.</p> <p>“Additionally, we were looking forward to engaging in a more in-depth discussion on this topic and welcomed Boris’ wish for dialogue by preparing questions for a dedicated Q&amp;A with him for our website.</p> <p>“As he has now decided to decline his award we have suspended our activities with him and in keeping with his wishes have removed him from the competition. Given his actions and subsequent statement noting his deliberate attempts at misleading us, and therefore invalidating the warranties he provided, we no longer feel we are able to engage in a meaningful and constructive dialogue with him.</p> <p>“We recognise the importance of this subject and its impact on image-making today. We look forward to further exploring this topic via our various channels and programmes and welcome the conversation around it. While elements of AI practices are relevant in artistic contexts of image-making, the awards always have been and will continue to be a platform for championing the excellence and skill of photographers and artists working in the medium.”</p> <p><em>Image credit: Sony World Photography Awards</em></p>

Technology

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Shehan Karunatilaka wins Booker prize for Sri Lankan political satire, The Seven Moons of Maali Almeida

<p>Sri Lankan novelist Shehan Karunatilaka has won the 2022 Booker Prize for his second novel, The Seven Moons of Maali Almeida.</p> <p>The win couldn’t come at a better time for Sri Lanka, a country once more engaged in <a href="https://foreignpolicy.com/2022/10/06/sri-lanka-economic-crisis-protests-imf/" target="_blank" rel="noopener">political and economic instability</a>, as it suffers through one of the world’s worst economic crises, with soaring inflation, food and fuel shortages, and low supplies of foreign reserves. And of course, the government was overthrown in July, after President Gotabaya Rajapaksa fled following mass protests.</p> <p>Karunatilaka said in his acceptance speech:</p> <blockquote> <p>My hope for Seven Moons is this; that in the not-too-distant future, 10 years, as long as it takes, Sri Lanka […] has understood that these ideas of corruption and race-baiting and cronyism have not worked and will never work.</p> </blockquote> <h2>Political black comedy</h2> <p>Karunatilaka’s novel is extraordinary – and hard to pin down. It is at once a black comedy about the afterlife, a murder mystery whodunit, and a political satire set against the violent backdrop of the late-1980s Sri Lankan civil war. It is also a story of love and redemption.</p> <p>Malinda “Maali” Kabalana, a closeted war photographer, wakes up dead in what seems to be a celestial waiting room. The setting will be familiar to many who’ve spent time in Colombo (as I have – it’s where my husband’s family is from). We open in a busy, bureaucratic office, filled with confusion, noise, a propensity against queuing – and a healthy dose of “gallows” humour. In other words, Maali is in some sort of purgatory.</p> <p>Maali soon discovers he has seven days – seven moons – to solve his own murder. This isn’t easy – he is interrupted by sardonic ghosts (often with grudges, questionable motives, and a tendency towards extreme chattiness), the violent reality of war-torn Colombo, and piecing together his memories of who he was.</p> <p>He also has seven moons to lead his official girlfriend and his secret boyfriend to a cache of photographs, taken over time, which document the horror of the war – and incriminate local and foreign governments.</p> <p>Karunatilaka’s subject matter and plot highlight, question and explore Sri Lanka’s legacy – and its continued, difficult relationship with its civil war, which spanned 1983 to 2009, though the reverberations continue. And his novel’s provocative, intimate, second-person style implicates us – the readers.</p> <p>Karunatilaka has mastered his craft as a novelist. He never once wavers from a second-person perspective that might be unwieldy (perhaps even gimmicky) in a lesser writer’s hands. The novel tells us, “Don’t try and look for the good guys, ‘cause there ain’t none”.</p> <p>It realises a combined responsibility for the tragedy of that 25-year civil war, in which the country’s colonial history is also implicated. British colonialists brought Tamil workers from South India to Sri Lanka, to work as indentured labourers on their coffee, tea and rubber plantations. Their descendants’ fight for an independent Tamil state was a strong component of the civil war.</p> <h2>Diffusing violence with humour</h2> <p>As a novelist and lover of second-person narration and a long-time follower of Karuntailaka’s accomplished work, I couldn’t be more delighted by this Booker win.</p> <p>I first came across Karunatilaka through his debut novel, <a href="https://www.penguin.com.au/books/chinaman-9780099555681" target="_blank" rel="noopener">Chinaman</a>, which was handed to me by my sister-in-law several years ago on a family visit to Colombo. That book taught me about cricket, but it also taught me the sardonic brilliance of Sri Lankan humour.</p> <p>Karunatilaka once again uses humour to great effect in The Seven Moons of Maali Almeida – to diffuse confronting moments of violence, to engage his reader, and for pure enjoyment. This novel follows a murder victim through a bloody civil war – and it’s laugh-out-loud funny.</p> <p>It’s also a tighter, more focused book than Chinaman: here is an author in control of his craft and what he wants to say with it. The Booker judges, too, praised the “scope and the skill, the daring, the audacity and hilarity” of the book.</p> <p>Karunatilaka’s winning novel took time to write. Ten years have passed since Chinaman. His skilful use of craft to tell this complicated story is testament to the idea that good books take the time they need: something that all authors know but publishers are not always willing to accept. However, Karunatilaka has been busy in that ten years, not just writing literary fiction, but writing for children – and having a family. The 47-year-old is now married with two kids.</p> <p>Karunatilaka is only the second Sri Lankan novelist to have won the Booker Prize. (The first was Michael Ondaatje in 1992 for The English Patient.) But last year, his countryman Anuk Arudpragasam was also <a href="https://thebookerprizes.com/the-booker-library/authors/anuk-arudpragasam" target="_blank" rel="noopener">shortlisted</a>, for <a href="https://www.allenandunwin.com/browse/book/Anuk-Arudpragasam-Passage-North-9781783786961" target="_blank" rel="noopener">A Passage North</a>, another accomplished novel set in the aftermath of the civil war.</p> <p>I’m excited by what this means for Sri Lankan authors and the Sri Lankan publishing scene. Here is a country with stories to tell and enormous skill to tell them with: let’s hope this leads to more Sri Lankan novels achieving wide readership, success and deserved acclaim.</p> <p><strong>This article originally appeared on <a href="https://theconversation.com/shehan-karunatilaka-wins-booker-prize-for-sri-lankan-political-satire-the-seven-moons-of-maali-almeida-192722" target="_blank" rel="noopener">The Conversation</a>.</strong></p> <p><em>Image: thebookerprizes.com</em></p>

Books

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Nobel economics prize: insights into financial contagion changed how central banks react during a crisis

<p><em>This year’s <a href="https://www.nobelprize.org/prizes/economic-sciences/2022/prize-announcement/" target="_blank" rel="noopener">Nobel prize in economics</a>, known as the Sveriges Riksbank Prize in Economic Sciences, has gone to Douglas Diamond, Philip Dybvig and former Federal Reserve Chair Ben Bernanke for their work on banks and how they relate to financial crises.</em></p> <p><em>To explain the work and why it matters, we talked to Elena Carletti, a Professor of Finance at Bocconi University in Milan.</em></p> <p><strong>Why have Diamond, Bernanke and Dybvig been awarded the prize?</strong></p> <p>The works by <a href="https://www.nobelprize.org/uploads/2022/10/popular-economicsciencesprize2022.pdf" target="_blank" rel="noopener">Diamond and Dybvig</a> essentially explained why banks exist and the role they play in the economy by channelling savings from individuals into productive investments. Essentially, banks play two roles. On the one hand, they monitor borrowers within the economy. On the other, they provide liquidity to individuals, who don’t know what they will need to buy in future, and this can make them averse to depositing money in case it’s not available when they need it. Banks smooth out this aversion by providing us with the assurance that we will be able to take out our money when it’s required.</p> <p>The problem is that by providing this assurance, banks are also vulnerable to crises even at times when their finances are healthy. This occurs when individual depositors worry that many other depositors are removing their money from the bank. This then gives them an incentive to remove money themselves, which can lead to a panic that causes a bank run.</p> <p>Ben Bernanke fed into this by looking at bank behaviour during the great depression of the 1930s, and showed that bank runs during the depression was the decisive factor in making the crisis longer and deeper than it otherwise would have been.</p> <p><strong>The observations behind the Nobel win seem fairly straightforward compared to previous years. Why are they so important?</strong></p> <p>It’s the idea that banks that are otherwise financially sound can nevertheless be vulnerable because of panicking depositors. Or, in cases such as during the global financial crisis of 2007-09, it can be a combination of the two, where there is a problem with a bank’s fundamentals but it is exacerbated by panic.</p> <p>Having recognised the intrinsic vulnerability of healthy banks, it was then possible to start thinking about policies to alleviate that risk, such as depositor insurance and reassuring everyone that the central bank will step in as the lender of last resort.</p> <p>In a bank run caused by liquidity (panic) rather than insolvency, an announcement from the government or central bank is likely to be enough to solve the problem on its own – often without the need for any deposit insurance even being paid out. On the other hand, in a banking crisis caused by insolvency, that’s when you need to pump in money to rescue the institution.</p> <p><strong>What was the consensus about bank runs before Diamond and Dybvig began publishing their work?</strong></p> <p>There had been a lot of bank runs in the past and it was understood that financial crises were linked to them – particularly before the US Federal Reserve was founded in 1913. It was understood that bank runs made financial crises longer by exacerbating them. But the mechanism causing the bank runs wasn’t well understood.</p> <figure class="align-center zoomable"><a href="https://images.theconversation.com/files/489027/original/file-20221010-11-on0vn4.jpeg?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=1000&amp;fit=clip"><img src="https://images.theconversation.com/files/489027/original/file-20221010-11-on0vn4.jpeg?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=754&amp;fit=clip" sizes="(min-width: 1466px) 754px, (max-width: 599px) 100vw, (min-width: 600px) 600px, 237px" srcset="https://images.theconversation.com/files/489027/original/file-20221010-11-on0vn4.jpeg?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=600&amp;h=405&amp;fit=crop&amp;dpr=1 600w, https://images.theconversation.com/files/489027/original/file-20221010-11-on0vn4.jpeg?ixlib=rb-1.1.0&amp;q=30&amp;auto=format&amp;w=600&amp;h=405&amp;fit=crop&amp;dpr=2 1200w, https://images.theconversation.com/files/489027/original/file-20221010-11-on0vn4.jpeg?ixlib=rb-1.1.0&amp;q=15&amp;auto=format&amp;w=600&amp;h=405&amp;fit=crop&amp;dpr=3 1800w, https://images.theconversation.com/files/489027/original/file-20221010-11-on0vn4.jpeg?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=754&amp;h=509&amp;fit=crop&amp;dpr=1 754w, https://images.theconversation.com/files/489027/original/file-20221010-11-on0vn4.jpeg?ixlib=rb-1.1.0&amp;q=30&amp;auto=format&amp;w=754&amp;h=509&amp;fit=crop&amp;dpr=2 1508w, https://images.theconversation.com/files/489027/original/file-20221010-11-on0vn4.jpeg?ixlib=rb-1.1.0&amp;q=15&amp;auto=format&amp;w=754&amp;h=509&amp;fit=crop&amp;dpr=3 2262w" alt="Police controlling an angry crowd during a Paris bank in 1904" /></a><figcaption><span class="caption">A bank run in Paris in 1904.</span> <span class="attribution"><a class="source" href="https://www.shutterstock.com/image-illustration/paris-police-hold-back-crowd-making-242294071" target="_blank" rel="noopener">Everett Collection</a></span></figcaption></figure> <p><strong>How easy is it to tell what kind of bank run you are dealing with?</strong></p> <p>It’s not always easy. For example, in 2008 in Ireland it was thought to be a classic example of bank runs caused by liquidity fears. The state stepped up to give a blanket guarantee to creditors, but it then became apparent that the banks were really insolvent and the government had to inject enormous amounts of money into them, which led to a sovereign debt crisis.</p> <p>Speaking of sovereign debt crises, the work by Diamond and Dybvig also underpins the literature on financial contagion, which is based on a <a href="https://www.jstor.org/stable/10.1086/262109" target="_blank" rel="noopener">2000 paper</a> by Franklin Allen and Douglas Gale. I worked with Allen and Gale for many years, and all our papers have been based on the work of Diamond, and Diamond and Dybvig.</p> <p>In a similar way to how state reassurances can defuse a bank run caused by liquidity problems, we saw how the then European Central Bank President Mario Draghi was able to defuse the run on government bonds in the eurozone crisis in 2011 by saying that the bank would do “<a href="https://qz.com/1038954/whatever-it-takes-five-years-ago-today-mario-draghi-saved-the-euro-with-a-momentous-speech/" target="_blank" rel="noopener">whatever it takes</a>” to preserve the euro.</p> <figure><iframe src="https://www.youtube.com/embed/tB2CM2ngpQg?wmode=transparent&amp;start=0" width="440" height="260" frameborder="0" allowfullscreen="allowfullscreen"></iframe></figure> <p><strong>The prize announcement has attracted plenty of people on social media saying we shouldn’t be celebrating Bernanke when he was so involved in the quantitative easing (QE) that has helped to cause today’s global financial problems – what’s your view?</strong></p> <p>I would say that without QE our problems would today be much worse, but also that the prize recognises his achievements as an academic and not as chair of the Fed. Also, Bernanke was only one of the numerous central bankers who resorted to QE after 2008.</p> <p>And it is not only the central bank actions that make banks stable. It’s also worth pointing out that the changes to the rules around the amount of capital that banks have to hold after 2008 have made the financial system much better protected against bank runs than it was beforehand.</p> <p><strong>Should such rules have been introduced when the academics first explained the risks around bank runs and contagion?</strong></p> <p>The literature had certainly hinted at these risks, but regulation-wise, we had to wait until after the global financial crisis to see <a href="https://www.ecb.europa.eu/pub/pdf/fsr/art/ecb.fsrart201405_03.en.pdf" target="_blank" rel="noopener">reforms such as</a> macro-prudential regulation and more stringent micro-prudential regulation. This shows that regulators were underestimating the risk of financial crises, perhaps also pushed by the banking lobbies that had been traditionally very powerful and managed to convince regulators that risks were well managed.</p> <p><strong>If retail banks become less important in future because of blockchain technology or central bank digital currencies, do you think the threat of financial panic will reduce?</strong></p> <p>If we are heading for a situation where depositors put their money into central banks rather than retail banks, that would diminish the role of retail banking, but I think we are far from that. Central bank digital currencies can be designed in such a way that retail banks are still necessary. But either way, the insights from Diamond and Dybvig about liquidity panics are still relevant because they apply to any context where coordination failures among investors are important, such as sovereign debt crises, currency attacks and so on.<img style="border: none !important; box-shadow: none !important; margin: 0 !important; max-height: 1px !important; max-width: 1px !important; min-height: 1px !important; min-width: 1px !important; opacity: 0 !important; outline: none !important; padding: 0 !important;" src="https://counter.theconversation.com/content/192208/count.gif?distributor=republish-lightbox-basic" alt="The Conversation" width="1" height="1" /></p> <p><em>Written by Elena Carletti. Republished with permission of <a href="https://theconversation.com/nobel-economics-prize-insights-into-financial-contagion-changed-how-central-banks-react-during-a-crisis-192208" target="_blank" rel="noopener">The Conversation</a>.</em></p> <p><em>Image: The Nobel Foundation</em></p>

Money & Banking

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Benji Marshall’s incredible decision for Celebrity Apprentice prize money

<p dir="ltr">After being crowned the winner of <em>Celebrity Apprentice</em> for 2022, Benji Mashall has revealed the extraordinary way he plans to spend his prize money.</p> <p dir="ltr"><a href="https://www.oversixty.com.au/entertainment/tv/i-didn-t-expect-that-celebrity-apprentice-2022-winner-crowned" target="_blank" rel="noopener">The former football star won</a> after raising $387,105 ($NZD 426,230) in the grand finale - and receiving another $100,000 from Lord Alan Sugar - making for a total of $504,000 ($NZD 554,000) raised for his chosen charity, Souths Cares.</p> <p dir="ltr">But, in an interview with KIIS FM’s Will and Woody show, it was revealed he called the radio hosts - and castmates on the show - shortly after the finale to thank them, though the scene never made it to air.</p> <p dir="ltr">“Something the TV show didn’t show was that Benji called me after the finale - cause I did go back to help him with the final challenge - to thank me for getting so involved in the finale,” Woody Whitelaw explained.</p> <p dir="ltr">“He’s taken $30,000 ($NZD 33,000) out of the money he made, and he’s putting $30,000 in Gotcha4Life.”</p> <p dir="ltr">Gotcha4Life, the charity Woody and co-host Will McMahon chose, aims to prevent suicide through programs and social connections.</p> <p><span id="docs-internal-guid-17096d16-7fff-3a29-8f91-5fd2aa200654">It was revealed that Marshall also shared the cash with several of his other castmates, with another $30,000 going to Samantha Jade’s charity Cancer Council Australia, $30,000 to Vince Colosimo’s Dementia Australia and $30,000 to Bronte Campbell’s Carers Australia, per <em><a href="https://www.news.com.au/entertainment/tv/reality-tv/benji-marshalls-incredible-act-with-celebrity-apprentice-prize-money/news-story/64b71506c77ca16f88556704e251e2af" target="_blank" rel="noopener">news.com.au</a></em>.</span></p> <blockquote class="instagram-media" style="background: #FFF; border: 0; border-radius: 3px; box-shadow: 0 0 1px 0 rgba(0,0,0,0.5),0 1px 10px 0 rgba(0,0,0,0.15); margin: 1px; max-width: 540px; min-width: 326px; padding: 0; width: calc(100% - 2px);" data-instgrm-captioned="" data-instgrm-permalink="https://www.instagram.com/p/Cea7Ahyh1ks/?utm_source=ig_embed&amp;utm_campaign=loading" data-instgrm-version="14"> <div style="padding: 16px;"> <div style="display: flex; flex-direction: row; align-items: center;"> <div style="background-color: #f4f4f4; border-radius: 50%; flex-grow: 0; height: 40px; margin-right: 14px; width: 40px;"> </div> <div style="display: flex; flex-direction: column; flex-grow: 1; justify-content: center;"> <div style="background-color: #f4f4f4; border-radius: 4px; flex-grow: 0; height: 14px; margin-bottom: 6px; width: 100px;"> </div> <div style="background-color: #f4f4f4; border-radius: 4px; flex-grow: 0; height: 14px; width: 60px;"> </div> </div> </div> <div style="padding: 19% 0;"> </div> <div style="display: block; height: 50px; margin: 0 auto 12px; width: 50px;"> </div> <div style="padding-top: 8px;"> <div style="color: #3897f0; font-family: Arial,sans-serif; font-size: 14px; font-style: normal; font-weight: 550; line-height: 18px;">View this post on Instagram</div> </div> <div style="padding: 12.5% 0;"> </div> <div style="display: flex; flex-direction: row; margin-bottom: 14px; align-items: center;"> <div> <div style="background-color: #f4f4f4; border-radius: 50%; height: 12.5px; width: 12.5px; transform: translateX(0px) translateY(7px);"> </div> <div style="background-color: #f4f4f4; height: 12.5px; transform: rotate(-45deg) translateX(3px) translateY(1px); width: 12.5px; flex-grow: 0; margin-right: 14px; margin-left: 2px;"> </div> <div style="background-color: #f4f4f4; border-radius: 50%; height: 12.5px; width: 12.5px; transform: translateX(9px) translateY(-18px);"> </div> </div> <div style="margin-left: 8px;"> <div style="background-color: #f4f4f4; border-radius: 50%; flex-grow: 0; height: 20px; width: 20px;"> </div> <div style="width: 0; height: 0; border-top: 2px solid transparent; border-left: 6px solid #f4f4f4; border-bottom: 2px solid transparent; transform: translateX(16px) translateY(-4px) rotate(30deg);"> </div> </div> <div style="margin-left: auto;"> <div style="width: 0px; border-top: 8px solid #F4F4F4; border-right: 8px solid transparent; transform: translateY(16px);"> </div> <div style="background-color: #f4f4f4; flex-grow: 0; height: 12px; width: 16px; transform: translateY(-4px);"> </div> <div style="width: 0; height: 0; border-top: 8px solid #F4F4F4; border-left: 8px solid transparent; transform: translateY(-4px) translateX(8px);"> </div> </div> </div> <div style="display: flex; flex-direction: column; flex-grow: 1; justify-content: center; margin-bottom: 24px;"> <div style="background-color: #f4f4f4; border-radius: 4px; flex-grow: 0; height: 14px; margin-bottom: 6px; width: 224px;"> </div> <div style="background-color: #f4f4f4; border-radius: 4px; flex-grow: 0; height: 14px; width: 144px;"> </div> </div> <p style="color: #c9c8cd; font-family: Arial,sans-serif; font-size: 14px; line-height: 17px; margin-bottom: 0; margin-top: 8px; overflow: hidden; padding: 8px 0 7px; text-align: center; text-overflow: ellipsis; white-space: nowrap;"><a style="color: #c9c8cd; font-family: Arial,sans-serif; font-size: 14px; font-style: normal; font-weight: normal; line-height: 17px; text-decoration: none;" href="https://www.instagram.com/p/Cea7Ahyh1ks/?utm_source=ig_embed&amp;utm_campaign=loading" target="_blank" rel="noopener">A post shared by Will and Woody (@willandwoody)</a></p> </div> </blockquote> <p dir="ltr">During the interview, it emerged that Marshall, Whitelaw and McMahon being castmates wasn’t the only thing they had in common - they had all picked the same charity to support too.</p> <p dir="ltr">“Before the show started, Will and I locked in Gotcha4Life as our charity. So all the money we raised was going to go to Gotcha4Lide,” Woody said.</p> <p dir="ltr">“Benji was late in replying to the email with what charity he wanted to do, and his first pick was Gotcha4Life.</p> <p dir="ltr">“And Benji, you’ve raised money for an incredible charity in South Cares, and I know that’s really close to your heart … But just to compare for the poor charity of Gotcha4Life, Will and I raised $20,000 and Benji, all up, how much money did you raise?”<br />“$540,000,” Marshall said laughingly.</p> <p dir="ltr"><a href="https://www.rabbitohs.com.au/community/" target="_blank" rel="noopener">Souths Cares</a> is closely affiliated with Marshall’s former club, the South Sydney Rabbitohs, and supports disadvantaged and marginalised youth and their families by delivering programs that address people’s education, training, health and employment needs.</p> <p><span id="docs-internal-guid-961a3d8c-7fff-6918-e53b-9850dcd30289"></span></p> <p dir="ltr"><em>Image: @benji6marshall (Instagram)</em></p>

Caring

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Blak Douglas becomes second ever Indigenous Archibald Prize winner

<p dir="ltr">Western Sydney artist Blak Douglas has won the 2022 Archibald Prize, taking home $100,000 along with the coveted title. </p> <p dir="ltr">The self-taught 52-year-old artist has become the second Indigenous artist to win the prize in its 101 years for his portrait of Wiradjuri artist Karla Dickens.</p> <p dir="ltr">The 2022 competition was Douglas' fifth time as an Archibald finalist, and accepting the prize at the Art Gallery of NSW ceremony, he said: "This painting represents 20 years of taking the risk of pursuing a dream [and] surrendering normalised employment. And I'm sure many of my artist colleagues can relate to that."</p> <p dir="ltr">His winning portrait depicts Karla Dickens, who he describes as a “legendary practitioner”, knee-deep in the muddy floodwaters of her hometown in Lismore, Bundjalung Country — holding a leaking pail of water in each hand, and looking grumpy.</p> <p dir="ltr">His painting reflects on the damage and after-effects of the devastating February and March floods in the Northern Rivers.</p> <p dir="ltr">"I've been up there [to Bundjalung Country] several times; it's a war zone," Douglas told <a href="https://www.abc.net.au/news/2022-05-13/archibald-prize-2022-winner-blak-douglas-karla-dickens/101060204">ABC News</a>.</p> <p dir="ltr">"And so to be able to further aid some of my dearest, closest friends up there, through this win — not only metaphorically, but also financially — it's a big plus."</p> <p dir="ltr">Speaking via live video link from her home during the ceremony, Karla Dickens said she was "over the moon", and thanked her friend for "acknowledging everybody up here on Bundjalung Country that has gone through so much".</p> <p dir="ltr">"I'm so proud of you, Adam. Such a killer painting," she added.</p> <p dir="ltr"><em>Image credits: Getty Images</em></p>

Art

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Tragic loss for Nobel Prize winners

<p><span style="font-weight: 400;">Economists David Card, Joshua Angrist, and Guido Imbens were awarded the 2021 Nobel Prize in Economics for their development of “natural experiments” that have since been used to answer some of society’s biggest questions.</span></p> <p><span style="font-weight: 400;">The pioneering of this style of experiment has been significant for economists, who can’t use the randomised experiments or clinical trials that those in medicine and other sciences can.</span></p> <p><span style="font-weight: 400;">Natural experiments work by using real-life situations to study the world, and have since </span><a rel="noopener" href="https://www.abc.net.au/news/2021-10-12/nobel-prize-economics-2021-winners/100531188" target="_blank"><span style="font-weight: 400;">been adopted</span></a><span style="font-weight: 400;"> by other social sciences.</span></p> <blockquote class="twitter-tweet"> <p dir="ltr">Good morning to 2021 economic sciences laureate David Card!<br /><br />Card’s wife Cynthia Gessele snapped this photo of him speaking to <a href="https://twitter.com/hashtag/NobelPrize?src=hash&amp;ref_src=twsrc%5Etfw">#NobelPrize</a>’s Adam Smith (which he suspected might be a made-up name) right after he had heard the news. <br /><br />Listen to our interview, coming soon. <a href="https://t.co/I93bJwikGl">pic.twitter.com/I93bJwikGl</a></p> — The Nobel Prize (@NobelPrize) <a href="https://twitter.com/NobelPrize/status/1447517204430434308?ref_src=twsrc%5Etfw">October 11, 2021</a></blockquote> <p><span style="font-weight: 400;">Card was recognised for findings he made in the 1990s, alongside economist Alan Krueger.</span></p> <p><span style="font-weight: 400;">The research duo used natural experiments to reverse misconceptions surrounding minimum wage, immigration and education.</span></p> <p><span style="font-weight: 400;">Their most significant experiment debunked the commonly held belief that wage increases resulted in job losses by studying what happened after the US state of New Jersey increased wages from $4.25 to $5.05 in comparison to neighbouring Pennsylvania, where wages stayed the same.</span></p> <p><span style="font-weight: 400;">But Krueger, who served as a chair of President Obama’s Council of Economic Advisors, took his own life in 2019 and </span><a rel="noopener" href="https://theconversation.com/introducing-david-card-the-2021-nobel-prize-in-economics-winner-who-made-the-minimum-wage-respectable-169715" target="_blank"><span style="font-weight: 400;">could not receive the award</span></a><span style="font-weight: 400;"> as Nobels aren’t awarded posthumously.</span></p> <p><span style="font-weight: 400;">Instead, Angrist and Imbens - who also worked with Krueger - shared the prize for their contribution to “the analysis of causal relationships”.</span></p> <blockquote class="twitter-tweet"> <p dir="ltr">MIT economist Joshua Angrist shares Nobel Prize: Cited for work building the foundations of “natural experiments” in economic research, Angrist is honored along with two others in California. <a href="https://t.co/vj0F47jO6m">https://t.co/vj0F47jO6m</a> <a href="https://t.co/sXTUBwBv6v">pic.twitter.com/sXTUBwBv6v</a></p> — Massachusetts Institute of Technology (MIT) (@MIT) <a href="https://twitter.com/MIT/status/1447519773332496385?ref_src=twsrc%5Etfw">October 11, 2021</a></blockquote> <p><span style="font-weight: 400;">Angrist and Krueger studied the relationship between education and lifetime earnings, finding that one additional year of education was worth an increase of about 7.5 percent in earnings.</span></p> <p><span style="font-weight: 400;">Imbens and Angrist then used natural experiments to study the relationship between cause and effect.</span></p> <blockquote class="twitter-tweet"> <p dir="ltr">It's been a busy morning for <a href="https://twitter.com/hashtag/NobelPrize?src=hash&amp;ref_src=twsrc%5Etfw">#NobelPrize</a> winner Guido Imbens and his family! After waking everyone up when they heard the news shortly before 3 a.m., <a href="https://twitter.com/Susan_Athey?ref_src=twsrc%5Etfw">@Susan_Athey</a> told their kids Andrew, Sylvia, and Carleton that they could decide if they wanted to go to school or not today. <a href="https://t.co/rJjZZAbKVO">pic.twitter.com/rJjZZAbKVO</a></p> — Stanford University (@Stanford) <a href="https://twitter.com/Stanford/status/1447549033539637248?ref_src=twsrc%5Etfw">October 11, 2021</a></blockquote> <p><span style="font-weight: 400;">Many took to Twitter to congratulate the three winners, as well as Krueger’s contributions.</span></p> <p><span style="font-weight: 400;">“The Nobel today is a good time to remember and celebrate the economist Alan Krueger,” researcher Max Roser wrote on Twitter.</span></p> <p><span style="font-weight: 400;">“Krueger died two years ago. He dedicated his energy and skills to the same research that was awarded with the Nobel today.”</span></p> <blockquote class="twitter-tweet"> <p dir="ltr">And they STILL do it, with language that everyone gets! "kungfu represents life as a journey where people have choices to make – everybody has a destiny and yet, they also have a free will. That works well for econometrics – it’s like you already have a destiny, which is y0, ..."</p> — Dr. Tammy McGavock (@tmcgav) <a href="https://twitter.com/tmcgav/status/1447569546295054342?ref_src=twsrc%5Etfw">October 11, 2021</a></blockquote> <p><span style="font-weight: 400;">The conversation also turned to the importance of mental health and checking in with those around us.</span></p> <p><span style="font-weight: 400;">“Alan Krueger also taught us something even more important: Deep dark, life-ending depression can and does attack beloved, creative, prolific, widely respected people,” economist Dr Tammy McGavock tweeted.</span></p> <p><span style="font-weight: 400;">“No one is immune.</span></p> <p><span style="font-weight: 400;">“We must check on each other. We must normalize seeking help.”</span></p> <p><span style="font-weight: 400;">The three winners split the 10 million Swedish kroner prize, with Card receiving half and Angrist and Imbens splitting the remainder.</span></p> <p><em><span style="font-weight: 400;">Image: Niklas Elmehed / Nobel Prize Outreach</span></em></p>

Money & Banking

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Revealed: 2021 Booker Prize shortlist

<p><span style="font-weight: 400;">The shortlist for the 2021 Booker Prize for Fiction has been announced, with six authors in the running for the coveted title and £50,000 prize money.</span></p> <p><span style="font-weight: 400;">The Booker Prize is open to authors of any nationality who have published a novel in the UK or Ireland, which has been written or translated into English.</span></p> <p><span style="font-weight: 400;">The authors were selected from the 158 novels published in the UK or Ireland between October 1, 2020 and September 30, 2021.</span></p> <p><span style="font-weight: 400;">Judging this year’s finalists, the panel includes historian Maya Jasanoff, writer and editor Horatia Harrod, actor Natascha McElhone, two-time Booker-shortlisted novelist and professor Chigozie Obioma, and writer and former Archbishop Rowan Williams.</span></p> <p><span style="font-weight: 400;">Ms Jasanoff, the chair of the judging panel, said “With so many ambitious and intelligent books before us, the judges engaged in rich discussions not only about the qualities of any given title, but often about the purpose of fiction itself.</span></p> <p><span style="font-weight: 400;">“We are pleased to present a shortlist that delivers as wide a range of original stories as it does voices and styles.”</span></p> <p><span style="font-weight: 400;">The shortlist for the 2021 Booker Prize for Fiction include:</span></p> <ul> <li style="font-weight: 400;" aria-level="1"><em><span style="font-weight: 400;">The Promise</span></em><span style="font-weight: 400;">, Damon Galgut</span></li> <li style="font-weight: 400;" aria-level="1"><em><span style="font-weight: 400;">A Passage North</span></em><span style="font-weight: 400;">, Anuk Arudpragasam</span></li> <li style="font-weight: 400;" aria-level="1"><em><span style="font-weight: 400;">No One is Talking About This</span></em><span style="font-weight: 400;">, Patricia Lockwood</span></li> <li style="font-weight: 400;" aria-level="1"><em><span style="font-weight: 400;">The Fortune Men</span></em><span style="font-weight: 400;">, Nadifa Mohamed</span></li> <li style="font-weight: 400;" aria-level="1"><em><span style="font-weight: 400;">Bewilderment</span></em><span style="font-weight: 400;">, Richard Powers</span></li> <li style="font-weight: 400;" aria-level="1"><em><span style="font-weight: 400;">Great Circle</span></em><span style="font-weight: 400;">, Maggie Shipstead</span></li> </ul> <p><span style="font-weight: 400;">The winner will be announced on November 2.</span></p> <p><em><span style="font-weight: 400;">Image: The Booker Prizes</span></em></p>

Books

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Prince William and Duchess Kate launch global prize to “repair the Earth”

<p>The Duke and Duchess of Cambridge have announced a global prize to tackle the world’s biggest climate issues.</p> <p>Prince William and Kate launched the Earthshot Prize on New Year’s Eve, pledging a “decade of action to repair the Earth.”</p> <p>It is being hailed as “the most prestigious environment prize in history.”</p> <p>Prince William said: “The earth is at a tipping point and we face a stark choice: either we continue as we are and irreparably damage our planet or we remember our unique power as human beings and our continual ability to lead, innovate and problem-solve”.</p> <blockquote style="background: #FFF; border: 0; border-radius: 3px; box-shadow: 0 0 1px 0 rgba(0,0,0,0.5),0 1px 10px 0 rgba(0,0,0,0.15); margin: 1px; max-width: 540px; min-width: 326px; padding: 0; width: calc(100% - 2px);" class="instagram-media" data-instgrm-captioned="" data-instgrm-permalink="https://www.instagram.com/p/B6vCzi4lF0X/?utm_source=ig_embed&amp;utm_campaign=loading" data-instgrm-version="12"> <div style="padding: 16px;"> <div style="display: flex; flex-direction: row; align-items: center;"> <div style="background-color: #f4f4f4; border-radius: 50%; flex-grow: 0; height: 40px; margin-right: 14px; width: 40px;"></div> <div style="display: flex; flex-direction: column; flex-grow: 1; justify-content: center;"> <div style="background-color: #f4f4f4; border-radius: 4px; flex-grow: 0; height: 14px; margin-bottom: 6px; width: 100px;"></div> <div style="background-color: #f4f4f4; border-radius: 4px; flex-grow: 0; height: 14px; width: 60px;"></div> </div> </div> <div style="padding: 19% 0;"></div> <div style="display: block; height: 50px; margin: 0 auto 12px; width: 50px;"></div> <div style="padding-top: 8px;"> <div style="color: #3897f0; font-family: Arial,sans-serif; font-size: 14px; font-style: normal; font-weight: 550; line-height: 18px;">View this post on Instagram</div> </div> <p style="margin: 8px 0 0 0; padding: 0 4px;"><a style="color: #000; font-family: Arial,sans-serif; font-size: 14px; font-style: normal; font-weight: normal; line-height: 17px; text-decoration: none; word-wrap: break-word;" rel="noopener" href="https://www.instagram.com/p/B6vCzi4lF0X/?utm_source=ig_embed&amp;utm_campaign=loading" target="_blank">"The earth is at a tipping point and we face a stark choice: either we continue as we are and irreparably damage our planet or we remember our unique power as human beings and our continual ability to lead, innovate and problem-solve. • Remember the awe inspiring civilisations that we have built, the life-saving technology we have created, the fact that we have put a man on the moon. • People can achieve great things. And the next ten years present us with one of our greatest tests - a decade of action to repair the Earth.” • Led by Prince William and a global alliance, the @EarthshotPrize will inspire the the planet’s greatest problem solvers to solve Earth’s greatest problems: the emergencies facing our natural world. Take a look at our previous post to see the launch film, and follow @EarthshotPrize to stay updated. Photo 📷 by The Duchess of Cambridge, taken at a glacier in the Hindu Kush mountain range, situated in the Chitral District of Pakistan’s Khyber-Pakhtunkwa Province.</a></p> <p style="color: #c9c8cd; font-family: Arial,sans-serif; font-size: 14px; line-height: 17px; margin-bottom: 0; margin-top: 8px; overflow: hidden; padding: 8px 0 7px; text-align: center; text-overflow: ellipsis; white-space: nowrap;">A post shared by <a style="color: #c9c8cd; font-family: Arial,sans-serif; font-size: 14px; font-style: normal; font-weight: normal; line-height: 17px;" rel="noopener" href="https://www.instagram.com/kensingtonroyal/?utm_source=ig_embed&amp;utm_campaign=loading" target="_blank"> Kensington Palace</a> (@kensingtonroyal) on Dec 31, 2019 at 3:25am PST</p> </div> </blockquote> <p>The Earthshot Prize will be awarded five times each year between 2021 and 2030, to those individuals or organisations that manage to come up with effective solutions to environmental problems.</p> <p>Kensington Palace shared a photo of the Duke of Cambridge, which was taken by the Duchess, at a melting glacier in the Hindu Kush mountain range during their recent tour of Pakistan.</p> <p>It was posted alongside a video message narrated by naturalist Sir David Attenborough who said the prize would go to “visionaries rewarded over the next decade for responding to the great challengers of our time” warning “we can no longer take life as we know it for granted.”</p> <blockquote style="background: #FFF; border: 0; border-radius: 3px; box-shadow: 0 0 1px 0 rgba(0,0,0,0.5),0 1px 10px 0 rgba(0,0,0,0.15); margin: 1px; max-width: 540px; min-width: 326px; padding: 0; width: calc(100% - 2px);" class="instagram-media" data-instgrm-captioned="" data-instgrm-permalink="https://www.instagram.com/p/B6u_5AyFJqU/?utm_source=ig_embed&amp;utm_campaign=loading" data-instgrm-version="12"> <div style="padding: 16px;"> <div style="display: flex; flex-direction: row; align-items: center;"> <div style="background-color: #f4f4f4; border-radius: 50%; flex-grow: 0; height: 40px; margin-right: 14px; width: 40px;"></div> <div style="display: flex; flex-direction: column; flex-grow: 1; justify-content: center;"> <div style="background-color: #f4f4f4; border-radius: 4px; flex-grow: 0; height: 14px; margin-bottom: 6px; width: 100px;"></div> <div style="background-color: #f4f4f4; border-radius: 4px; flex-grow: 0; height: 14px; width: 60px;"></div> </div> </div> <div style="padding: 19% 0;"></div> <div style="display: block; height: 50px; margin: 0 auto 12px; width: 50px;"></div> <div style="padding-top: 8px;"> <div style="color: #3897f0; font-family: Arial,sans-serif; font-size: 14px; font-style: normal; font-weight: 550; line-height: 18px;">View this post on Instagram</div> </div> <p style="margin: 8px 0 0 0; padding: 0 4px;"><a style="color: #000; font-family: Arial,sans-serif; font-size: 14px; font-style: normal; font-weight: normal; line-height: 17px; text-decoration: none; word-wrap: break-word;" rel="noopener" href="https://www.instagram.com/p/B6u_5AyFJqU/?utm_source=ig_embed&amp;utm_campaign=loading" target="_blank">Who is ready to lead as we make the 2020s a decade of action to repair our planet? Introducing the @EarthshotPrize 🌍 the most prestigious environment prize in history. Led by Prince William and a global alliance, the Earthshot Prize will inspire the the planet’s greatest problem solvers to solve Earth’s greatest problems: the emergencies facing our natural world. Follow @EarthshotPrize to find out more and see the full launch film, narrated by Sir David Attenborough.</a></p> <p style="color: #c9c8cd; font-family: Arial,sans-serif; font-size: 14px; line-height: 17px; margin-bottom: 0; margin-top: 8px; overflow: hidden; padding: 8px 0 7px; text-align: center; text-overflow: ellipsis; white-space: nowrap;">A post shared by <a style="color: #c9c8cd; font-family: Arial,sans-serif; font-size: 14px; font-style: normal; font-weight: normal; line-height: 17px;" rel="noopener" href="https://www.instagram.com/kensingtonroyal/?utm_source=ig_embed&amp;utm_campaign=loading" target="_blank"> Kensington Palace</a> (@kensingtonroyal) on Dec 31, 2019 at 3:00am PST</p> </div> </blockquote> <p>Hillary Clinton has also backed the prize, tweeting: “With Australia on fire and the Arctic in meltdown, it’s clear we’re in a climate emergency. I’m proud to support @EarthshotPrize from @KensingtonRoyal, a new effort to inspire Earth’s greatest problem solvers to repair the natural world.”</p> <p>A number of challenges will be announced in the upcoming months, aimed at finding at least 50 solutions to the “world’s greatest problems” including “climate and energy, nature and biodiversity, oceans, air pollution, and fresh water”.</p> <p>The prize is being led by Prince William and multiple others from around the world including philanthropists and organisations.</p>

Caring

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Novak Djokovic fires up tennis war over Australian Open prize money

<p>A war is brewing behind the scenes of the Australian Open as men’s players struggle for more pay and independence.</p> <p>Over the weekend, Melbourne saw players, coaches and members of the men’s tennis tournament governing body the ATP struggle over issues surrounding leadership and prize money.</p> <p>At the annual players meeting on Saturday, player council chairman Novak Djokovic reportedly voted against extending the tenure of ATP’s chief executive and president Chris Kermode. However, Djokovic refused to confirm his vote, citing the meeting’s confidentiality.</p> <p>“The decision hasn’t been made on the president,” Djokovic said. “Whether there’s a renewal or not, it’s going to be decided in the next period.”</p> <p>The ATP board is due to vote on Kermode’s contract renewal before the end of the month.</p> <p>Tennis legend Roger Federer confirmed that “a lot is happening” behind the scenes. “It’s definitely interesting times, I’d like to call it, not bad times in our sport,” Federer said on Sunday.</p> <p>“It’s maybe also a bit of a transition time. So it will be interesting to see what’s going to happen.”</p> <p>A few players have publicly supported the motion to remove Kermode from his position. </p> <p>“Grand slams which report hundreds of millions of dollars in profit … yet we get less in prize money than 10 per cent of their revenue,” player council member Vasek Pospisil said in an email sent to players ranked between 50 and 100.</p> <p>“The governance structure of the ATP favours the interests of the tournaments and its owners,” said Pospisil. “We need a CEO that first and foremost represents OUR interests.”</p> <p>This is in line with Djokovic’s suggestion last year that the men’s players should form a new union that is separate from the ATP.</p> <p>However, other players have also expressed support for Kermode’s continued leadership. Swiss player Stan Wawrinka and Australia's Nick Kyrgios said Kermode’s performance in the past few years has brought men’s tennis in the right direction.</p> <p>“If you look what’s happened the last few years with our president, I think he only helped the tennis to be in a better place,” Wawrinka told<span> </span><em>The Telegraph</em>.</p> <p>“I also think that some people have some personal interest for sure … there should be a reason to move someone at that spot after a few years going quite positive for the tennis. That’s maybe where it’s a bit strange.”</p> <p>Australian coach Darren Cahill endorsed Kermode in a Twitter post, saying the 54-year-old had brought “big increases in prize money, pension plan, new events, doubles initiative supporter, new progressive rules for injured players … facility upgrades” among others.</p> <blockquote class="twitter-tweet" data-cards="hidden" data-lang="en-gb"> <p dir="ltr">Big increases in prize money, pension plan, new events, doubles initiative supporter, new progressive rules for injured players &amp; LL’s, challenger increases, facility upgrades ++. I’d be stunned if Chris Kermode is removed. ATP needs stability right now<a href="https://t.co/vYiHQR7OBK">https://t.co/vYiHQR7OBK</a></p> — Darren Cahill (@darren_cahill) <a href="https://twitter.com/darren_cahill/status/1084188951630336000?ref_src=twsrc%5Etfw">12 January 2019</a></blockquote> <p>“I’d be stunned if Chris Kermode is removed. ATP needs stability right now.”</p> <p>Do you think tennis players should receive more prize money? Tell us in the comments below. </p>

Money & Banking

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Proud wife Meghan gives Prince Harry special prize after charity win

<p><span>The royal couple are known for breaking royal protocol to show public displays of affection and now, the Duchess of Sussex has given a special reward to Prince Harry at a charity polo match.</span></p> <p><span>Meghan was eager to congratulate her husband with a kiss after he won a polo match with his St Regis team 5-4 over Royal Salute, with the Prince scoring two goals at the Sentebale Polo Cup.</span></p> <p><span>The game was held to raise money for Harry’s charity Sentebale which supports young people with HIV and Aids in Lesotho.</span></p> <p style="text-align: center;"><span><img width="499" height="295" src="https://oversixtydev.blob.core.windows.net/media/7819872/intext_499x295.jpg" alt="Intext"/><br /></span></p> <p><span>The 36-year-old Duchess stunned at the charity game in a AU$4,188 navy dress by Carolina Herrera.</span></p> <p><span>As the royal newlyweds walked away from the prize presentation, Meghan could be seen affectionately rubbing Harry’s back as they held hands.</span></p> <p><span>After the game, Harry’s close friend and fellow player, Nacho Figueras, praised Meghan, saying: “The Duchess is lovely and wonderful.”</span></p> <p><span>“I’m very happy for Harry. They are both lucky to have found each each other and I am very excited about this new chapter in his life.”</span></p> <p><span>Figueras said that Meghan was also excited to have the honour of presenting the prize at the polo match — a duty that has previously been carried out by other royal ladies, including Princess Diana. </span></p> <blockquote style="background: #FFF; border: 0; border-radius: 3px; box-shadow: 0 0 1px 0 rgba(0,0,0,0.5),0 1px 10px 0 rgba(0,0,0,0.15); margin: 1px; max-width: 540px; min-width: 326px; padding: 0; width: calc(100% - 2px);" class="instagram-media"> <div style="padding: 8px;"> <div style="background: #F8F8F8; line-height: 0; margin-top: 40px; padding: 61.99074074074075% 0; text-align: center; width: 100%;"> <div style="background: url(data:image/png; base64,ivborw0kggoaaaansuheugaaacwaaaascamaaaapwqozaaaabgdbtueaalgpc/xhbqaaaafzukdcak7ohokaaaamuexurczmzpf399fx1+bm5mzy9amaaadisurbvdjlvzxbesmgces5/p8/t9furvcrmu73jwlzosgsiizurcjo/ad+eqjjb4hv8bft+idpqocx1wjosbfhh2xssxeiyn3uli/6mnree07uiwjev8ueowds88ly97kqytlijkktuybbruayvh5wohixmpi5we58ek028czwyuqdlkpg1bkb4nnm+veanfhqn1k4+gpt6ugqcvu2h2ovuif/gwufyy8owepdyzsa3avcqpvovvzzz2vtnn2wu8qzvjddeto90gsy9mvlqtgysy231mxry6i2ggqjrty0l8fxcxfcbbhwrsyyaaaaaelftksuqmcc); display: block; height: 44px; margin: 0 auto -44px; position: relative; top: -22px; width: 44px;"></div> </div> <p style="color: #c9c8cd; font-family: Arial,sans-serif; font-size: 14px; line-height: 17px; margin-bottom: 0; margin-top: 8px; overflow: hidden; padding: 8px 0 7px; text-align: center; text-overflow: ellipsis; white-space: nowrap;"><a style="color: #c9c8cd; font-family: Arial,sans-serif; font-size: 14px; font-style: normal; font-weight: normal; line-height: 17px; text-decoration: none;" href="https://www.instagram.com/p/BlsgjYBBM4M/" target="_blank">A post shared by Sentebale (@sentebale)</a> on Jul 26, 2018 at 5:48am PDT</p> </div> </blockquote> <p><span>“She watched the game with my wife which was wonderful because she could learn more about the game,” he explained.</span></p> <p><span>“It was great that I got to play with Harry because we normally play against each other. Harry played great. They are very, very happy together.”</span></p> <p><span>Harry created the charity after travelling to Lesotho for his gap year with Prince Seeiso, the younger brother of King Letsie III.</span></p> <p><span>The event is held annually at the Royal County of Berkshire Polo Club. </span></p>

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68-year-old man finds winning $30 million lottery ticket in shirt pocket

<p>A 68-year-old man in the US has made an incredible discovery in his shirt pocket, finding a winning US $24 million (NZ $30.3 million) lottery ticket, days before the deadline.</p> <p>New Jersey resident Jimmie Smith reportedly often bought tickets without closely checking the results, stashing them in his shirt pocket out of habit.</p> <p>The New York Lottery gives winners 12 months to claim their prize, and had Smith waited another 48 hours the winning ticket would’ve expired for good.</p> <p>The gaming commission knew the winning ticket was out there, and had put the call out on social media to make sure entrants had checked all their tickets.</p> <blockquote class="twitter-tweet"> <p dir="ltr">Play <a href="https://twitter.com/hashtag/LOTTO?src=hash&amp;ref_src=twsrc%5Etfw">#LOTTO</a>, been to TriBeCa? Check your tickets to see if you’re a $24M winner! Your winnings expire on 5/25/17! <a href="https://t.co/jMAy3GYlmi">https://t.co/jMAy3GYlmi</a> <a href="https://t.co/qtC0tJcS4c">pic.twitter.com/qtC0tJcS4c</a></p> — New York Lottery (@newyorklottery) <a href="https://twitter.com/newyorklottery/status/865668290143596545?ref_src=twsrc%5Etfw">May 19, 2017</a></blockquote> <p>Smith, a retired security officer, reportedly noticed the story in the local news and then went through his shirt to see if his tickets matched up.</p> <p>When they did, he didn’t know what to say.</p> <p>“I had to stick my head out the window and breathe in some fresh air,” he said. “I was in serious doubt. I really had to convince myself this was real.”</p> <p>Smith will receive the winnings in instalments over the next 26 years.</p> <p>What are your thoughts?</p>

Money & Banking

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Elvis prized possession is being auctioned off

<p>It won't fit in a garage, but that likely won't stop Elvis Presley fans from trying to get their hands on one of the largest mementos credited to the King of Rock 'n' Roll: His long "lost" private jet.</p> <p>Presley's 1962 red Lockheed JetStar will be sold to the highest bidder on May 27. The starting bid is US$10,000 ($14,400) and it already has one bidder, despite the fact it's missing its engines.</p> <p><img width="498" height="265" src="https://oversixtydev.blob.core.windows.net/media/36851/elvis-jet_498x265.jpg" alt="Elvis -jet"/></p> <p><em>Image credit: Live Auctioneers / Stuff.co.nz</em></p> <p>GWS Auctions is orchestrating the action and estimates the plane is worth between $2 million and $3.5 million.</p> <p>The Web site <a href="http://www.liveauctioneers.com" target="_blank"><span style="text-decoration: underline;"><strong>www.liveauctioneers.com</strong></span></a>, which is handling the bidding, says the jet has been parked on the tarmac in Roswell, New Mexico, for more than 30 years. "This is the 'lost' jet...(It) was very important to Elvis, as he owned it with his beloved father, Vernon," says the website.</p> <p>It is currently owned by a private collector, who was not named. Elvis owned other planes, but this is the only one that is not in the procession of the Graceland estate, says a web site for the auction.</p> <p>GWS says the interior was personally designed by Elvis, including a gold-tones with woodwork, red shag carpet and red velvet seats. It's one of only 204 such aircraft manufactured between 1957 and 1978, in a private project between JetStar and Lockheed, says GWS.</p> <p>The jet is one of 315 lots included in an auction of celebrity memorabilia.</p> <p><em>Written by Mark Price. First appeared on <a href="http://www.Stuff.co.nz" target="_blank"><span style="text-decoration: underline;"><strong>Stuff.co.nz</strong></span></a>. </em></p> <p><strong><em>Have you arranged your travel insurance yet? Tailor your cover to your needs and save money by not paying for things you don’t need. <a href="http://www.oversixty.com.au/travel/travel-insurance/?utm_source=over60&amp;utm_campaign=travel-insurance&amp;utm_medium=content&amp;utm_content=travel-insurance" target="_blank"><span style="text-decoration: underline;">To arrange a quote, click here.</span></a> For more information about Over60 Travel Insurance, call 1800 622 966.</em></strong></p> <p> </p>

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