Showing posts with label Australia. Show all posts
Showing posts with label Australia. Show all posts

Saturday, January 26, 2013

Sydney Riot of 1879

Dave Gregory, the captain of New South Wales

The Sydney Riot of 1879 was a civil disorder that occurred at an early international cricket match. It took place in Sydney, New South Wales, Australia, at the Association Ground, Moore Park, now known as the Sydney Cricket Ground, during a match between a touring English team captained byLord Harris and New South Wales, led by Dave Gregory, who was also thecaptain of Australia. The riot was sparked by a controversial umpiring decision, when star Australian batsman Billy Murdoch was given out byGeorge Coulthard, a Victorian employed by the Englishmen. The dismissal caused an uproar among the parochial spectators, many of whom surged onto the pitch and assaulted Coulthard and some English players. It was alleged that illegal gamblers in the New South Wales pavilion, who had bet heavily on the home side, encouraged the riot because the tourists were in a dominant position and looked set to win. Another theory given to explain the anger was that of intercolonial rivalry, that the New South Wales crowd objected to what they perceived to be a slight from a Victorian umpire.

The pitch invasion occurred while Gregory halted the match by not sending out a replacement for Murdoch. The New South Wales skipper called on Lord Harris to remove umpire Coulthard, whom he considered to be inept or biased, but his English counterpart declined. The other umpire, Edmund Barton, defended Coulthard and Lord Harris, saying that the decision against Murdoch was correct and that the English had conducted themselves appropriately. Eventually, Gregory agreed to resume the match without the removal of Coulthard. However, the crowd continued to disrupt proceedings, and play was abandoned for the day. Upon resumption after the Sunday rest day, Lord Harris's men won convincingly by an innings.









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Saturday, November 19, 2011

Google News: Presidents Cup: U.S. builds four-point lead on Day 3

Google News
Detroit Free Press - ‎13 minutes ago‎
Jason Day reacts on the seventh hole green after he received a one shot penalty for the ball moving after he had addressed it during the Day Three of the 2011 Presidents Cup at Royal Melbourne Golf Course on today in Melbourne, Australia.
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Friday, November 11, 2011

Google News: Tiger Woods atop field in Australia: Is he back?

Google News
CBS News - ‎3 hours ago‎
US golfer Tiger Woods plays a shot on the 14th fairway during the second round of the Australian Open golf tournament in Sydney, Australia, Friday, Nov. 11, 2011.
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Browse all of today's headlines on Google News
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Sunday, October 16, 2011

If China catches a cold…


China has defied predictions of a hard economic landing for some time now so it is somewhat unsettling to see  investors positioning for a sharp slowdown in the world’s second-largest economy.
Over the last 10 years, the world has become accustomed to Chinese annual GDP growth of above 9 percent. A seemingly insatiable demand for commodities from soya beans to iron ore has catapulted the Asian giant to near the top of the global trade table. China is the biggest trading partner for countries on nearly every continent, from Angola to Australia.
But many are now fretting that an unhappy coincidence between stuttering global demand and domestic strains in the property and banking sectors could knock Chinese growth to below 7 percent (the level commonly identified as a ‘hard landing’), with grave implications for the rest of the world.
“It used to be the case that if the US sneezes, the rest of the world catches a cold. But with the US already confined to the emergency room since 2008 thequestion is what happens if China catches a cold,” says Citi in a recent report.
Many are now preparing for the first sneeze.
Commodity exporters are expected to bear the brunt of a sharp Chinese slowdown. Investors have pared back exposure to Brazil, Russia, Chile and South Africa, citing fears over China.
On the flipside, Turkey, Mexico, Israel and India have been identified as less vulnerable.

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Saturday, September 24, 2011

Intermarket Correlations

Before we detail the relationship between the com-dolls and gold, let's first note that the U.S. dollar and gold don't quite mesh very well.

Usually, when the dollar moves up, the gold falls and vice-versa.

The traditional logic here is that during times of economic unrest, investors tend to dump the greenback in favor of gold.

Unlike other assets, gold maintains its intrinsic value or rather, it's natural shine!

Nowadays, the inverse relationship between the Greenback and gold still remains although the dynamics behind it have somewhat changed.

Because of the dollar's safe haven appeal, whenever there is economic trouble in the U.S. or across the globe, investors more often than not run back to the Greenback.

The reverse happens when there are signs of growth.

Take a look at this awesome chart:



Currently, Australia is the third biggest gold-digger... we mean, gold producer in the world, sailing out about $5 billion worth of the yellow treasure every year!

Historically, AUD/USD has had a whopping 80% correlation to the price of gold!




Not convinced? Here's another one:



Across the seven seas, Switzerland's currency, the Swiss franc, also has a strong link with gold. Using the dollar as base currency, the USD/CHF usually climbs when the price of gold slides.

Conversely, the pair dips when the price of gold goes up. Unlike the Australian dollar, the reason why the Swiss franc moves along with gold is because more than 25% of Switzerland's money is backed by gold reserves.

Isn't that awesome?

The relationship between gold and major currencies is just O




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