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Local shares are poised to open lower as oil extends its rout and investors were disappointed with the latest data from both Europe and the US.
Nanjing Night Net

What you need2know:SPI futures down 40pts at 5382 on Saturday morningAUD at 82.06 US cents, 97.1 yen, 69.3 euro cents On Wall St, S&P 500 -0.8%, Dow -1%, Nasdaq -0.7%In Europe, Stoxx 50 -2.9%, FTSE -1%, CAC -1.9%, DAX -1.9%Spot gold up $US14.46 or 1.2% to $US1223.25 an ounce on Friday in New YorkBrent oil down 85 US cents or 1.7% to $US50.11 per barrel on Friday in New YorkIron ore has dropped 0.3 per cent to $US71.18 a tonne

What’s on today

Australia housing finance, credit card and debit card lending, job ads.

Stocks to watch

Energy shares, iron ore producers.

Ben Potter banking analyst TS Lim has a “buy” on Commonwealth Bank and he’s increased his price target to $92.50 from $86.50.

CIMB has retained an “add” recommendation on Qantas and affirmed its previous price target of $3.50 a share.

Credit Suisse has increased its price target on Computershare to $13.60 from $12.60, and has raised it to “outperform” from “neutral”.

Currencies

CIMB has revised its outlook for the Australian dollar and now expects it to trade down to 77 US cents in the third quarter of this year, before rising to 84 US cents by the end of 2016.

Goldman Sachs has cut its long-term forecasts for the euro. It expects the single currency to slide to $US1.14 in three months, $US1.11 by June and $US1.08 by the end of 2015. It foresees euro parity with the greenback by the end of 2017.

Commodities

Global oil markets resumed their slide on Friday, with Brent and US crude hitting April 2009 lows and ending down for a seventh straight week.

The number of rigs drilling for oil in the United States fell by 61 last week, the most in a week since 1991, Baker Hughes reported. The rig count has fallen in 10 of the last 13 weeks, from a record high of 1609 in mid-October. The current count of 1421 in the week to January 9 is the lowest since February.

Oil analysis firm Wood Mackenzie said in a report on Friday that even at $US40 levels, less than 2 per cent of global crude production was at risk of making losses.

United States

US stocks fell on Friday following a two-day rally as December’s jobs report gave a mixed view of the economy, with financial shares leading the way lower.

All three major indexes posted slight losses for the week and fell back into negative territory for 2015.

Nonfarm payrolls increased by 252,000 last month after an upwardly revised jump of 353,000 in November, the Labor Department said on Friday. The jobless rate fell 0.2 percentage point to a 6-1/2-year low of 5.6 per cent, but that was mainly because people left the labour force.

Europe

A slump in Spanish and Italian lenders sent European stocks down for a second week, the longest streak since October.

The European Central Bank is studying models for buying as much as 500 billion euros of investment-grade assets, reports said. The amount is far lower than some market participants have been expecting.

Banks were the biggest losers among the 19 industry groups in the Stoxx 600, falling 3.2 per cent to their lowest level since September 2013. Spain’s Banco Santander shed 14 per cent.

German exports fell sharply in November and industrial output also declined. Later in the day, S&P affirmed the AAA rating it has for Germany.

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J.K. Rowling: “I’ll auto-excommunicate”. Photo: AP Photo/Lefteris PitarakisThe creator of Harry Potter, J.K. Rowling, has taken a scathing swipe at Rupert Murdoch over his call for all Muslims to be held responsible for violent extremists.
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The media mogul was widely criticised on social media after he tweeted on Saturday: “Maybe most Moslems peaceful, but until they recognize and destroy their growing jihadist cancer they must be held responsible.” Maybe most Moslems peaceful, but until they recognize and destroy their growing jihadist cancer they must be held responsible. — Rupert Murdoch (@rupertmurdoch) January 10, 2015Charlie Hebdo in Paris and has been retweeted almost 5000 times.

The 83-year-old later tweeted that there was “jihadist danger looming everywhere”, and blamed political correctness for causing denial and hypocrisy on the issue. Big jihadist danger looming everywhere from Philippines to Africa to Europe to US. Political correctness makes for denial and hypocrisy. — Rupert Murdoch (@rupertmurdoch) January 10, 2015

The publicity-shy multimillionaire then tweeted: “The Spanish Inquisition was my fault, as is all Christian fundamentalist violence. Oh, and Jim Bakker.” Jim Bakker is a controversial American televangelist. . @dom209 The Spanish Inquisition was my fault, as is all Christian fundamentalist violence. Oh, and Jim Bakker. — J.K. Rowling (@jk_rowling) January 11, [email protected] “they” as in most Muslims????? You can’t hold an entire religion of billions responsive for the actions of a few — beiruti brit (@BeirutiBrit) January 10, 2015 Maybe all Australians lovely but until we recognise and destroy the growing pus sore that is @rupertmurdoch we must be held accountable. — Adam Hills (@adamhillscomedy) January 10, 2015This story Administrator ready to work first appeared on Nanjing Night Net.

The festive season has come and gone for yet another year.
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I hope Santa was very kind to everyone and you all welcomed in 2015 in fine style.

The 12-Hole Wednesday Summer Competition began again on Wednesday December 31 after the little Christmas break.

Marg Hollow won with 23points (a new hip must be what we all need to play well) with Marie Cornish runner-up on 22pts.

The last game of 2014 was played on Wednesday December 17 which saw Carmen Cohen take home the Christmas turkey with 24points from Marie on 23pts.

Last Wednesday, many ladies must have decided their new year’s resolution was to get out and enjoy the earlier start of 8am for the summer months.

Thirteen turned up with 12 playing – Captain Sue Martin decided to be Marie, Lois Lang and Heather Peiper’s caddie for the morning due to stitches in her hand, but she assures us she will be back among the trees next week.

Congratulations girls on such a good roll-up with Marie winning on 25points from Carmen Cohen with 20pts.

Dates for the 2015 Calender

Wednesday February 25 – Committee Meeting after golf.

Sunday March 1 – Canteen at Vintage Fair.

Wednesday March 4 – Ladies Opening Day – “Bring a Friend” 9 Hole Fun Morning.

Annual General Meeting

The 2015 Golf Club has a number of new board members to take them forward for another 12months.

The board is:- Robert Baker (President), Gary Cusack (Vice President), Col Arnold (Treasurer), Rod Irwin (Captain), Alan Ritchie (Secretary/Manager) with Marie Cornish, Malcolm Payne, Normie Royal, along with two new members Pauline Potts and John Gersbach (who returns after a number of years away).

We know you will all do a great job promoting and looking after the club.

Robert thanked David Naveau for his many years of being an active board member and all that he has done for the club as well as wishing him and Leonie the very best for his future residence in Dubbo. Col Arnold and Ron Frappell were inducted in to the Life Members Club – two wonderful gentlemen who the Club and their families couldnt be more proud of. They have freely donated their time over many many years to assist the Club whether it is out on the course or doing the figures.

I will be back intwo weeks, so in the meantime enjoy your golf and no doubt watching the many Cricket and tennis matches being shown on TV at present.

Best of Wishes to you all for 2015

“Dimples”

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Kerryn Harrington
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POINT guard Kerryn Harrington has signed on to stay with the Champions IGA Bendigo Lady Braves for the 2015 SEABL season.

After having a year off basketball in 2013, the young gun had a standout season last year, averaging13.1 points and 2.2 assists per game.

“I am really excited to return to Bendigo,” Harrington said.

“We fell short of our goal last seasonand I am extremely focused on doing anything I can to help our group succeed.”

Lady Braves head coach Jonathan Goodman said it was exciting to see Harrington return to the team.

“She was fantastic in her comeback seasonand we can only expect bigger and better things for season 2015,” he said.

“Her work ethic and will to win is unmatched.

“She is one of the premierdefenders in the league.”

Harrington is currently playing in the WNBL with Adelaide Lightening.

The Lady Braves will continue to announce further signings once the WNBL restrictions have been released.

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Chewy, the Maltese Shih Tzu, cools off on January 18, 2013. The day soared to 44.1 degrees, the fifth highest recorded by the Bureau of Meteorology. Picture: Addison HamiltonWe are mid way through summer and have experienced some scorching hot days around the Riverina. But didyou know we haven’t come close to cracking the hottest days on record? So, as you prepare to slip, slop, slap this Australia Day, take a look back at the hottest temperatures recorded by the Bureau of Meteorology.
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All temperatures are in degress Celsius.

February 7, 2009 – 45.2 degrees

Ivana Silinzieds, 13, of Wagga cools off in the fountain at the Victory Memorial Gardens on February 7, 2009. Picture: Brett Koschel

January 23, 2001 – 44.8 degrees

The front page of The Daily Advertiser on January 23, 2001.

January 1, 2006 and February 1, 1968 – 44.6 degrees

Fires raged out of control at Eurongilly, 20 kilometres from Junee, on New Year’s Day in 2006. Picture: Les Smith

A story in The Daily Advertiser on January 2, 2006 when the mercury hit 44.6 degrees Celsius.

January 3, 1990 and January 3, 1973 – 44.2 degrees

January 18, 2013 – 44.1 degrees

Griffith

January 23, 2001 – 46 degrees

Deniliquin

January 12, 1878 – 49.6 degrees

Hay

January 5, 2013 47.9 degrees

The front page of The Daily Advertiser on January 7, 2013.

Junee

January 31, 1968 – 46.1 degrees

Narrandera

February 7, 2009 – 45.4 degrees

Gundagai

February 7,2009 – 44 degrees

An excerpt from The Daily Advertiser on February 9, 2009 about the high temperatures experienced two days earlier. February 7, 2009 recorded the highest temperatures in Wagga, Gundagai and Narrandera.

Temora

January 1, 2006 – 45.1 degrees

Cootamundra

January 1, 2006 – 43.2 degrees

Young

January 18, 2013 – 42.6 degrees

Leeton

January 30, 1973 – 44.3 degrees

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The Whyalla community has farewelled crash victims James Moore and Natasha Turnbull.The Whyalla community has farewelled car crash victims, James Moore and Natasha Turnbull at ceremonies last week.
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The friends and family of James celebrated the young man’s life with a service at Bunyarra Christian Centre on January 7.

Almost 400 people attended the service with a wake held afterwards at Whyalla Hockey and Sporting Community Club.

About 40 people from Flinders University including James’ work colleagues and friends also attended the service.

James’ parents, Carrol and Rod Moore, along with their family thanked everyone who took the time to come to their son and brother, James’ funeral.

“We are sorry we did not get to thank you personally but your thoughts and wishes are so much appreciated,” Mrs Moore said.

In lieu of flowers, attendees were asked to consider a monetary donation to a memorial palaeontology scholarship in James’ name.

The family are continuing to develop the scholarship and anyone interested in donating can do so through the Whyalla National Australia Bank branch or at the Moore’s family business, Spencer Gulf Bearings.

Hundreds of community members attended a public celebration of Tash’s life at a ceremony at South Whyalla Football Club on January 8.

Due to poor weather, the event, which was originally to be held at Ada Ryan Gardens, was moved indoors and saw hundreds of people pack the club to say their goodbyes.

Surviving car crash victim and fellow passenger Jason Bristow has since been released from hospital and attended both services.

Mr Bristow spoke at both services and acted as pall bearer for best friend James.

Fourth passenger, Amy Jones, has been transferred to Whyalla hospital and continues to receive treatment for injuries sustained as a result of the crash.

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“Intense” fire: Crews from the Macarthur Rural Fire Service zone have returned from battling the Sampson Flat bushfire in South Australia’s Adelaide Hills.Camden and Campbelltown’s Rural Fire Service volunteers have returned from battling South Australia’s massive Sampson Flat bushfire.
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The second group of volunteers returned late last week and the five trucks and one transport vehicle the Macarthur zone had sent returned on Saturday.

Campbelltown group two officer, Brett Turner, left for South Australia on January 3 and spent the next four days overseeing the strike force on the ground.

He said volunteers from brigades in the Campbelltown, Camden and Liverpool areas put up their hands to help out.

‘‘Our guys went into the field first thing on Sunday morning and they did three daytime shifts from early in the morning through to late in the evening,’’ Mr Turner said.

‘‘Their first job was property protection on multiple houses then trying to contain the fire through backburning.

‘‘They were also heavily involved in mopping up.’’

Mr Turner said the crews worked hard as the fire was ‘‘of a large scale and was intense at times’’.

‘‘[The volunteers] do it out of good will and to bring normalcy back to people,’’ he said.

Macarthur district officer Brendan Doyle said fires in NSW were very similar to those in South Australia, ‘‘it’s the topography that makes fires different’’.

He said the volunteers had acquitted themselves well in South Australia and shown how hard the brigades had trained over the off-season.

‘‘The crews are glad to be home and they’ve gone home for a long deserved rest,’’ Mr Doyle said.

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Whyalla hospital emergency department staff saw a higher number of people over the Christmas and New Year period. Pictured were nursing staff (back, from left) Trudy McLauchlan, Nicole Rotherham and (front) Abbey Bolton.Whyalla hospital staff received a higher number of people presenting to the emergency department during the Christmas and New Year period.
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More than 50 people presented to Whyalla hospital’s ED on Christmas Day and more than 40 people on New Year’s Day.

Whyalla hospital director of nursing and midwifery Jim McMenemy said the daily average for the hospital’s emergency department was 31.

“Throughout the Christmas and New Year period we continued to see a steady number of people presenting to our emergency department,” Mr McMenemy said.

Mr McMenemy said data showed at least 10 patients presented to the hospital for non-urgent cases, prompting a reminder to community members to consider whether their medical situation was an emergency.

“Most Whyalla residents know that our ED is for emergencies and only present if they have an urgent medical condition, but sometimes people may come to our ED when they could be better cared for elsewhere,” Mr McMenemy said.

“People who are thinking of going to an ED, but are unsure if they need emergency care should call their GP for advice or visit the SA Health website, which has a list of afterhours and alternative health services.

“People should also ask themselves if their situation really is an emergency.”

Mr McMenemy said it was often already a tough day for hospital staff to be working on special days such as Christmas or New Year’s Eve without added workloads from non-emergency medical issues.

“Hospital EDs are busy places and it is vitally important that our doctors and nurses are free to respond to genuine emergencies,” Mr McMenemy said.

“If people are suffering with a cough, cold, minor ailment or are not sure if their condition requires emergency care, they should first seek advice from their local health provider,” Mr McMenemy said.

“This will ensure they receive the care they need while also helping to avoid placing unnecessary pressure on hospital doctors, nurses and allied health staff.”

Mr McMenemy said people would still receive medical care if required when they did attend ED, irrelevant of what the scale of severity their case was.

“All patients who present to an ED are seen as soon as possible and assessed by an experienced triage nurse and I would like to reassure the community that anyone who needs urgent, emergency care will always be seen as a priority,” Mr McMenemy said.

“People who need emergency care should always call 000 for assistance or alternatively travel directly to a hospital for treatment if they can safely do so.”

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STRATEGY: Max Strauss, Kevin Kearns and Peter Dougherty talk tactics at the Legacy Bowls Tournament. Picture: PAUL CARRACHERORGANISERS of WimmeraLegacy’s bowlstournament arehappy despite rain affectingplay.
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More than 30 teamstook to the greens atHorsham City BowlingClub on Saturdayfor the annual event.

Play was due tostart at 12.30pm butrain forced bowlers towait until about 1pm.

One of the scheduled matches in boththe men’s and women’ssections wasmissed, but bowlerscompleted the tournament.

Winners of themen’s section wereHux Mitchell, GerardMurphy and RonBoehm from runners-upJohn Hickey, AnthonyKing and HenryMitchell.

Mavis Janetzki, BevDean and Judy Cassidytook out the women’stitle, winningfrom Betty Cousins,Noela Wardle and JosieLeyonhjelm.

Wimmera Legacymember and tournamentorganiser JohnHoffmann said theday was a success despitesome difficulties.

‘‘Entries were downon last year but sponsorshipwas up.

‘‘There was a combinationof factorsthat led to fewer entriesincluding badweather in the lead-upto the tournamentand the fact that itwas moved forward aweek, meaning somepeople were still onholidays.

‘‘We are confidentwe have raised in excessof $3000 forWimmera Legacy so itwas still a success.’’

Mr Hoffmannpraised the efforts offellow Legatees, andorganisers, Betty-LouStewart and BillMcGrath.

Mr McGrath saidHorsham City BowlingClub greens keeperPaul Hill had alsodone a magnificentjob to prepare thegreens.

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Dennis Madden holds one of his many rugby league premiership trophies.
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OBITUARY:

Former Gunnedah sportsman Dennis Madden was bothversatile and talented, excelling in cricket, rugby league and athletics.

Sadly, the retired school teacher who won rugby league premierships with Eugowra, Scone, Warialda, and Gunnedah, passed away after a long battle with cancer.

He was 72.

Born in Buhadelah, Madden attended St Therese Convent, Krambach and then Taree High School where he excelled at cricket, helping the school’s First XI to a Mid North Coast Championship in 1959 and then captaining the team the following season.

After completing his schooling he then attended Newcastle Teachers College and began a long teaching career with stints at Wallangra (1963-1964), Eugowra (1965-1969), Gundy (1970-1974), Gunnedah (1975-1978) and Blandford (1979-2002) where he was the principal.

His footballing career, both rugby league and rugby union, was impressive.

In 1962 he was a member of the Alderton Cup-winning rugby union premiership team in Newcastle.

In 1963-64 he was a member of the Warialda rugby league team that won two Group 5 (now Group 19) premierships.

From 1965 the outstanding halfback played with Eugowra in Group 11, winning premierships in 1965, 1966 and 1967.

He also captain-coached the club in 1968 and 1969.

Madden then helped Scone to a 1970 premiership and was captain-coach two years later when it won the Group 21 premiership.

The next two years, Scone made the grand final only to lose the decider.

Madden’s work then took him to Gunnedah and five years with the Bulldogs in Group 4, captain-coaching the first grade side in 1976.

After moving back to the Hunter he returned to the Scone club and coached junior and second grade sides.

Cricket was also a passion and he batted and bowled in Eugowra, Scone and Gunnedah first grade competitions for many years.

In 1981, he was a founding member of the Murrurundi Cricket Club and played for them for 14 seasons, helping them to B Grade premierships in the Scone competition in 1983-84 and 1984-85.

Touch football was another sport he excelled at and he won premierships with Murrurundi Smithy’s Mountain Men from 1979 to 1982.

However his biggest battle started against cancer five years ago.

He wasn’t expected to last as long as he did but fought a long and proud fight.

-obituary courtesy Parkes Champion Post

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JUNIOR BRIGADE: The safest placefrom the rain was under the tents forGoulburn’s junior riders. (L-R): AlexWallace, Callum Emmerton, TassieDavies, Zac St Vincent, Sebastian Corht,Tamika Wallace and Dominic Corht.Photo: Chris ClarkeGOULBURN Cycling club president Adam Lambert said “it’s unfortunate but that’s life,” after heavy rain cancelled the senior racing at Saturday’s Trackpower event at Seiffert Oval.
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“After it began to rain at 5pm we hung around until around 7pm, which at that point we made our final decision to cancel the rest of the carnival,” Lambert told the Post.

“The conditions were just too dangerous and the track wouldn’t have dried up enough in time. “That’s the chance you take when you ride outdoors.”

Only three scratch events for the seniors were completed before the downpour began.

The silver lining of the day was the junior component of the event successfully being completed before the track became too dangerous.

“A lot of people put in a lot of hard work to get this event going,” Lambert said of the event, which is one of the biggest track racing days in NSW.

“We’d like to reschedule for another date, but it’s hard to find a clear date. At the start of the racing year the dates are settled so it may be hard to find a time.”

Graeme Northey, who MC’d Saturday’s racing, said the feedback of the day was positive even though most of the racing was washed out.

“Once the track is wet you can’t race on it,” Northey said.

“The nature of the track and the fact the bikes have no brakes and are fixed gears makes it too dangerous.

It’s not like on the road, plus everyone is close together and going at high speeds.” Trackpower had attracted riders from different clubs across NSW.

In the junior racing, Goulburn’s 10 up and coming racers put in good performances against large contingents from Orange, Illawarra and Vikings Cycling Club in Canberra.

Goulburn’s Zac St Vincent was awarded the Sportspower award for best performed junior on the day after his racing in the men’s 15 years B.

“Our junior riders are going from strength to strength,” Lambert said.

“They train hard. All our riders give it their all. I’m a proud president because the current family feel of the club is brilliant.”

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SHOOTERS were competing on the 400 metre range in hot steamy conditions.
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Despite this there were some outstanding scores from A-graders and F-class competitors.

The star of the day however was junior Todd Barnard in F-class B who smashed the junior record in his first round, and broke another record with his aggregate, a wonderful display of marksmanship.

A-grade was won by Steve Southwell with two excellent rounds for a total of 100.11, followed by Peter Thurtell 98.11, Tony Moon 97.10 and Wendy Moon 90.6.

B-grade was won by Max Purnell posting a score of 95.6, and Nick Kenny 78.2.

The action in F-class A was very exciting with Chris Barnard having a scorching second round of 59.4 to win with a total of 112.5, followed by Mike Rogerson with a super first round of 57.2 for a final score of 111.5, then Rob Bartlett firing a terrific second round of 57.5 for a total of 110.6, then Tony Galati who fired an excellent first round of 57.5 but could not follow up in the second round for a score of 107.7.

F-class B was won by Todd Barnard with a fantastic shoot scoring 115.7, his nearest competitor was Gordon Higgins 101.2, Jon Knight 99.3 and Bev Rogerson 90.1.

Handicap trophy went to Todd Barnard.

Next week 500 yards.

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A MAN has been arrested for assaulting a young woman and police officers in a violent late-night attack.
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Police are appealing to the public for any witnesses of the assault to come forward and assist in their investigations.

At about 11pm on Tuesday, January 6, police were alerted to an assault taking place at the intersection of Hill and Sturt streets, Murray Bridge.

An 18-year-old female victim was taken to the Murray Bridge Hospital for treatment following the incident.

A 21-year-old Murray Bridge man has been charged with making threats to kill, assault causing harm, affray and assaulting police.

He was refused bail and appeared in the Murray Bridge Magistrates Court.

Murray Mallee police warned they will not tolerate domestic violence and will take every action to protect victims.

Investigators believe at least one vehicle passed the location during the incident and are appealing for anyone who may have witnessed the event to call police.

Anyone with information about the incident is urged to call Crime Stoppers on 1800 333 000 or report online at https://sa.crimestoppers南京夜网.au

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