Author: openjargon

  • Russian children head to a North Korean summer camp as the countries strengthen ties

    Russia is planning to send youth to a summer camp in North Korea. The decision comes after the two countries signed a new strategic pact that includes mutual defense clauses.

    Read the original article on Business Insider
  • Hunter Biden has joined White House meetings with the president in recent days, report says

    Hunter Biden.
    Hunter Biden at the White House.

    • Hunter Biden in recent days has become more involved in meetings at the White House, per NBC News.
    • While Hunter Biden is no stranger to the residence, his presence at meetings is a new development.
    • The report comes as President Biden's debate performance is forcing him to defend his reelection bid.

    This past weekend, President Joe Biden went to Camp David for a family gathering that had been planned before his widely panned debate performance against former President Donald Trump.

    While at the presidential retreat, Biden's family urged him to remain in the 2024 race amid some Democratic consternation over his chances this fall, with presidential son Hunter Biden being one of the most vocal advocates of his father remaining the party's nominee.

    And in recent days, Hunter Biden has upped his presence at the White House, advising his father and taking part in meetings with him alongside high-level aides, according to NBC News.

    Per NBC News, Hunter Biden has also been spotted conversing with other top-level White House staffers.

    Hunter Biden is no stranger to the White House residence, but he has generally not taken part in meetings involving the president's work.

    The development comes just weeks after Hunter Biden, who for years has been fodder for GOP attempts to paint the presidential family in an unflattering light, was recently convicted on felony gun charges.

    The president checks in with Hunter Biden often and has steadfastly supported him, especially when Hunter Biden in the past has battled alcohol and drug addiction.

    An individual who spoke with CNN about Hunter Biden's increased presence at the White House this week said he "popped into" a few meetings and calls that his father held with several advisors.

    Two individuals with knowledge of Hunter Biden's plans remarked that he stayed in Washington to partake in Independence Day festivities with his family later in the week.

    White House senior deputy press secretary Andrew Bates in a statement to NBC News said that Hunter Biden returned with his father from Camp David and "went with the President straight into speech prep," referencing Joe Biden's remarks on Monday where he blasted the US Supreme Court's ruling on presidential immunity.

    Read the original article on Business Insider
  • I gave up my dream life in Japan to move to the Netherlands — now, I couldn’t be happier

    Brie Schmidt on a widmill balcony in Deift
    As an American, I'm glad I was able to move to Europe.

    • I'm an American who lived in Japan for about six years until I started to feel lonely and lost.
    • I sold my house in Tokyo and traveled around Europe until I fell in love with the Netherlands.
    • I used a special treaty to get citizenship in Europe and I'm happy living here. 

    One day in January 2022, it hit me: I had outgrown my life in Japan.

    I was an American living in Tokyo and still felt like a fish out of water after six years, despite my many attempts at mastering Japanese, perfecting my bow, and learning how to (politely) push my way through the crowded rush-hour trains.

    My first few years in Japan were exciting and dreamy, what many would expect when they imagine living in Japan.

    I visited stunning shrines and temples, sipped oolong-hai cocktails with friends in izakayas, spent hours exploring the streets of Shibuya — back then, Japan felt like my playground.

    My experience in Japan changed with time

    Overview of people walking Japan
    Japan sometimes felt like a lonely place for me.

    Eventually, some of the drawbacks of living in the Land of the Rising Sun started to wear on me.

    No matter how quiet and inconspicuous I tried to be, I received stares (and occasionally glares) in my suburban neighborhood because of how much I stood out as someone who is not Japanese.

    After all, only 2.5% of the country's population is non-Japanese. Although Japanese culture is fascinating, I started to miss diversity and multiculturalism.

    Living in Japan also felt increasingly lonely with each year I stayed. For one, Japanese society is known for being reserved, and striking up a conversation with a stranger in big cities like Tokyo is often viewed as a transgression against the order and harmony woven into most interactions.

    On top of that, Japan is literally isolated, surrounded by water on all sides. This can make it challenging to get out and visit other countries.

    I was eager to explore new places and make more connections — and Japan no longer seemed to align with these values.

    I didn't know where to move to next but going back to the US didn't feel right

    After my revelation in early 2022, my husband — a Japanese national I met within my first year in the East Asian country — and I assumed the only other option was to live in the US, where I'm from. But we struggled to settle on an American city that fit our ideal lifestyle and goals.

    To stall our decision, we sold our home in Tokyo and traveled around Europe as digital nomads for a few months.

    Our adventure began in 2023 and included a stop in the Netherlands, which we were surprised to discover felt like home.

    In Amsterdam, we tallied up the perks that Japan lacked: multiculturalism, locals who made small talk with us about our little dog, and convenient travel to other countries, among others.

    And without the stares and unwanted attention I'd once received, I noticed a refreshing sense of freedom.

    During our trip, I also learned about the Dutch American Friendship Treaty, an agreement that allows American entrepreneurs to obtain residence in the Netherlands with little hassle.

    Staying in Europe long-term never seemed realistic, but with this program, I saw it could be a feasible option.

    The Netherlands offers what I had missed in Japan

    Panoramic view of buildings along the water in the Netherlands
    While on a trip to Europe I started to realize maybe my husband and I didn't have to move to the US after all.

    Less than a year after our trip to the Netherlands, we returned to the country as residents rather than tourists.

    I've felt welcomed by my neighbors, already made friends from numerous countries and backgrounds, and even found it easier to visit my family in the US compared to when I was living in Japan.

    The Netherlands is often ranked as one of the happiest countries in the world, and although many Dutch locals would scoff at their position on the list (complaining seems to be a national pastime here), I've found evidence to support it.

    Aside from the open, friendly people and ease of travel, I'm routinely delighted by the little things here, like my neighborhood's "used goods" box where residents pass down their belongings to a new owner, the people leisurely reading in the park on a weekday afternoon, and the bike lanes that make it so easy to live a car-free life. These charming observations would have been rare in Tokyo.

    Of course, I'm still new to the Netherlands, and I know my feelings may change with time — as they did in Japan. People and places can both evolve, and though a country might feel like home during one phase of life, it might not feel that way forever.

    I've learned to embrace that feeling while it lasts, whether it's for two years or seven or the rest of my life. For now, I've decided that living in the Netherlands is what my dream life looks like.

    Read the original article on Business Insider
  • An 11 a.m. start time and an afternoon nap: Report reveals Biden’s debate prep schedule

    President Biden touches his sunglasses while exiting an airplane.
    Biden's debate preparations at Camp David never started before 11 am, sources told the New York Times.

    • The schedule didn't start before 11 a.m. and included an afternoon lie-down, sources told the NYT.
    • Debate prep was cut short by 2 days, as the president was tired after a hectic travel week.
    • The White House insists that Biden is healthy, despite reports of more frequent mental lapses.

    For President Biden, debate prep was not a strict 9-to-5 job. In the six days leading up to Thursday's damaging performance, Biden never began his preparations before 11 a.m. and always had time for an afternoon nap, sources told the New York Times.

    The report is based on interviews with current and former aides, donors, political advisors, and administrators who spent time with the president over the past few weeks. Though the White House insists that Biden is in good physical and cognitive shape, many of the sources noted that he has seemed increasingly confused in recent months.

    During the debate, Biden was incoherent at times, trailing off mid-sentence and haphazardly stringing together facts. Biden's team cut debate preparations by two days, citing the president's exhaustion after jam-packed trips to Europe. He spent those days resting at his home in Delaware.

    Still, aides said that his preparations at Camp David were robust.

    Of the reported late-morning start time, White House spokesperson Andrew Bates told The Times that "the president was working well before then, after exercising." Bates said that, as of Tuesday, the White House physician saw no reason to reevaluate Biden for Parkinson's disease.

    The White House did not immediately respond to Business Insider's request for further comment.

    By comparison, a different New York Times article from 2012 detailed how Barack Obama prepared for his second debate after an abysmal initial showdown against Mitt Romney. According to the article, he followed a rigorous schedule and only left the camp once, briefly.

    Sources close to Biden have largely seen him oscillate between mental agility and disorientation — in some moments he is sharp on questions of national security and in others mixes up basic facts, like the countries of France and Italy.

    While in Europe, Biden visited Normandy for a D-Day event. There, members of his own generation were divided on his capacity to serve.

    "He did not appear any different to me in person than he does on television — and that is as a person who is fragile and not really in charge," Bill Casassa, a 98-year-old honoree who supports Trump, told the Times.

    Yet Marvin E. Gilmore Jr., who is just shy of his 100th birthday, attested to the opposite: "There was nothing I saw in him that said he was an old man."

    Donald Trump has a lighter schedule than the president and does not exercise regularly, but does seemingly partake in the occasional nap himself, namely at his own criminal trial.

    Read the original article on Business Insider
  • 21 vintage photos show how desperate and desolate America looked during the Great Depression

    Great Depression food lines Times Square
    Thousands of unemployed people waited in lines for food during the Great Depression.

    • The Great Depression was the worst economic crisis in US history, when unemployment reached 25%.
    • When the pandemic hit in 2020, Americans hadn't felt that level of economic tragedy in a century.
    • These photos reveal what life looked like in the bleak 1930s after the stock market crashed.

    During the Great Depression, the most tragic economic collapse in US history, more than 15 million Americans were left jobless and desperate for an income.

    By 1932, nearly one in four Americans was out of a job, and by 1933, unemployment levels reached an estimated 25%.

    For comparison, during the coronavirus pandemic, the US unemployment rate spiked to 14.7% in April 2020.

    These photos reveal how desolate the country looked during the Great Depression, when food and job lines stretched for blocks.

    This story was originally published in May 2020 and was updated in July 2024.

    The Great Depression was the worst economic tragedy in American history.
    men in suits and coats stand in line under a sign that says "free soup coffee & doughnuts for the unemployed"
    A soup kitchen during the Great Depression in 1930.

    The crisis resulted in skyrocketing rates of unemployment, hunger, and desperation.

    Following a period of booming prosperity in the 1920s, the Great Depression began when the US stock market crashed in 1929.
    A crowd of men in suits and coats are seen outside the New York Stock Exchange in a black and white photo
    The New York Stock Exchange in New York on "Black Thursday."

    Known as Black Thursday, the 1929 crash was attributed in part to a vast imbalance of wealth between the rich and poor, a fervent production of goods, little to no wage gains, an increase in personal debt, and government mismanagement.

    Over the course of the decade, more than 15 million Americans lost their jobs.
    A man holding a sign during the Great Depression reading "I am for sale?"
    An unemployed man seeking work during the Great Depression.

    The effects of the Great Depression could be felt into the early 1940s.

    The unemployment rate jumped at a shocking speed.
    Unemployed people lined up outside the State Labor Bureau building in 1933.
    Unemployed people outside the State Labor Bureau building in 1933.

    From 1929 to 1930, unemployment rose from fewer than 3 million to 4 million, according to figures cited by the University of Houston's Digital History archive. In 1931, it doubled to 8 million, and by 1932, unemployment levels reached a staggering 12.5 million.

    By that year, one out of every four US workers was unemployed.
    Vagrants ride a freight car on a railroad track during the Great Depression.
    Vagrants during the Great Depression.

    Thousands of Americans lost their homes, and hundreds of thousands attempted to travel through the country on foot or by boxcar to find work, according to the Library of Congress.

    Those who were fortunate enough to remain working often suffered large pay cuts and decreased hours.
    Hunger and labor marchers during the Great Depression.
    Hunger and labor marchers during the Great Depression.

    By 1932, 75% of all remaining workers were on a part-time schedule, according to the University of Houston's Digital History archive.

    Families who were unable to pay rent were frequently evicted from their homes.
    A man and a woman stand with their possessions during the Great Depression.
    Evicted sharecroppers during the Great Depression.

    Vagrants looking for work on public trains were kicked to the curb.

    The struggle for money became so desperate that families across the country often lived in crowded shacks.
    A group of men and a boy standing outside a shack in a shantytown in the 1930s.
    A shantytown in the 1930s.

    Some families inhabited caves or sewer pipes out of desperation.

    During the winters of 1932 and 1933, an estimated 1.2 million Americans were homeless.
    A homeless veteran sleeps on the sidewalk during the Great Depression as his wife sits wrapped in blankets.
    A war veteran on the sidewalk during the Great Depression.

    The population of the US at that time was about 125 million, according to the US Census Bureau.

    In an effort to save money, families planted their own gardens, canned foods, bought old bread, sought out soup kitchens, and stopped buying common items like milk.
    Great Depression soup kitchen
    The Salvation Army Soup Kitchen.

    Many also sacrificed medical and dental care because they couldn't afford it.

    Food banks became commonplace.
    Great Depression  food line
    A line of unemployed and homeless men during the Great Depression.

    Lines for food ration programs and free meals exploded across the country.

    At the beginning of the Depression, President Herbert Hoover largely dismissed the stock market crash as a "passing incident in our national lives."
    Great Depression Hoover
    President Herbert Hoover at a press conference in 1932.

    Hoover did not believe in offering federal aid to the impoverished or using the power of the federal government to manage prices or currency, according to the Gilder Lehrman Institute of American History.

    Americans grew angry, and Hoover became widely blamed for the economic turmoil.
    An aerial view of a Hooverville in Seattle.
    A Hooverville in Seattle.

    Impoverished people living in shantytowns across the country started referring to them as "Hoovervilles," and empty pockets turned inside out were known as "Hoover flags."

    Desperate Americans threatened with hunger and starvation began organizing marches and labor riots.
    Great Depression large hunger march
    A "hunger march" in Los Angeles.

    In 1932, 20,000 veterans of World War I marched to the Capitol to demand the payment of bonuses that they were scheduled to receive in 1945, according to the Library of Congress. The bill to do so did not pass in Congress.

    The following year, 10,000 unemployed people joined a "hunger march" in Los Angeles.

    The Depression also had a negative impact on family life as many couples delayed their marriages or postponed having children.
    8b29516v
    A mother of seven children during the Great Depression.

    Throughout the decade, separation rates grew. By 1940, there were 1.5 million American women living apart from their husbands, according to the University of Houston's Digital History archive.

    Children were adversely affected, as well.
    Children at a demonstration during the Great Depression. One child holds a sign reading "Why can't you give my dad a job?"
    Children at a demonstration during the Great Depression.

    An estimated 200,000 vagrant children wandered the streets of America due to the break-up and collapse of their families, according to Virginia Commonwealth University's Social Welfare History Project.

    Black and Mexican communities experienced higher rates of unemployment and discrimination during the Depression.
    An African-American family during the Great Depression poses in front of a log cabin.
    An African-American family during the Great Depression.

    Half of Black workers were unemployed by 1932 compared to the general unemployment rate of 25%, according to the Library of Congress. In Southern states, the percentage of unemployed Black workers was even higher.

    Over the course of the Depression, authorities deported an estimated 400,000 Mexican Americans over fears of workplace competition, according to the Gilder Lehrman Institute of American History. Many of those people were American citizens.

    The Depression had a significant impact on the psychology of unemployed men.
    Great Depression man sleeping on street
    Skid Row in New York City during the Great Depression.

    As men struggled to provide for their families as cultural breadwinners, some turned to alcohol to cope, while others became abusive or gave up hope altogether.

    Suicide rates increased during the Great Depression.
    Great Depression homeless shelter
    A common sleeping area during the Great Depression.

    Suicide rates peaked when unemployment reached high points in 1932 and 1938, according to the US National Library of Medicine.

    President Franklin Delano Roosevelt was elected in 1933 and shepherded the New Deal through Congress.
    fdr
    Franklin Delano Roosevelt.

    The set of emergency relief programs, work programs, and large-scale government reforms implemented by Roosevelt helped boost the economy. The US's entrance into World War II in 1941 jumpstarted American manufacturing.

    The Great Depression had lasting effects on the US.
    Times Square during the Great Depression.
    Times Square during the Great Depression.

    Its aftermath fundamentally changed the relationship between Americans and their government and led to the development of more government programs, responsibility, and involvement.

    Read the original article on Business Insider
  • 5 things to watch on the ASX 200 on Wednesday

    Smiling man with phone in wheelchair watching stocks and trends on computer

    On Tuesday, the S&P/ASX 200 Index (ASX: XJO) had another poor session and dropped into the red. The benchmark index fell 0.4% to 7,718.2 points.

    Will the market be able to bounce back from this on Wednesday? Here are five things to watch:

    ASX 200 expected to rebound

    It looks set to be a good day for the Australian share market on Wednesday after a positive session in the United States. According to the latest SPI futures, the ASX 200 is expected to open the day 20 points or 0.25% higher. On Wall Street, the Dow Jones was up 0.4%, the S&P 500 pushed 0.6% higher, and the Nasdaq climbed 0.85%.

    Oil prices fall

    ASX 200 energy shares Beach Energy Ltd (ASX: BPT) and Woodside Energy Group Ltd (ASX: WDS) could have a poor session after oil prices dropped overnight. According to Bloomberg, the WTI crude oil price is down 0.4% to US$83.04 a barrel and the Brent crude oil price is down 0.15% to US$86.47 a barrel. This may have been driven by profit taking after oil hit a two-month high.

    Buy Liontown shares

    The Liontown Resources Ltd (ASX: LTR) share price is undervalued according to analysts at Bell Potter. In response to its funding news, the broker has retained its speculative buy rating and $1.85 price target on the lithium developer’s shares. It said: “The LG CN funding is a pragmatic solution to remove the onerous terms associated with traditional bank debt and increase the company’s cash liquidity headroom. […] Under our modelled assumptions, we expect that LTR is fully funded to free cash flow.”

    Gold price relatively flat

    ASX 200 gold shares Evolution Mining Ltd (ASX: EVN) and Northern Star Resources Ltd (ASX: NST) will be on watch following a flat night for the gold price. According to CNBC, the spot gold price is up a fraction to US$2,339.5 an ounce. This follows an update from the US Federal Reserve which revealed that it isn’t ready to cut rates yet.

    BHP rated as a buy

    Analysts at Goldman Sachs think BHP Group Ltd (ASX: BHP) shares would be a good option for investors. This morning, the broker has reaffirmed its buy rating and $48.40 price target on the mining giant’s shares. Goldman notes that BHP’s shares have an “attractive valuation, but at a premium to RIO. Although we believe this premium can be partly maintained due to ongoing superior margins and operating performance.”

    The post 5 things to watch on the ASX 200 on Wednesday appeared first on The Motley Fool Australia.

    Should you invest $1,000 in Bhp Group right now?

    Before you buy Bhp Group shares, consider this:

    Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Bhp Group wasn’t one of them.

    The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    And right now, Scott thinks there are 5 stocks that may be better buys…

    See The 5 Stocks
    *Returns as of 24 June 2024

    More reading

    Motley Fool contributor James Mickleboro has positions in Woodside Energy Group. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Goldman Sachs Group. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

  • How come the Telstra share price crashed 16% in FY 2024?

    Man on a laptop thinking.

    The Telstra Group Ltd (ASX: TLS) share price just closed out a financial year to forget.

    Shares in the S&P/ASX 200 Index (ASX: XJO) telco ended FY 2023 trading for $4.30 apiece. On Friday, the final trading day of FY 2024, shares closed at $3.62.

    That saw the Telstra share price down a painful 15.8% over the 12 months.

    For some context, the ASX 200 gained 7.8% over this same period.

    Now, shareholders will have gotten some reprieve from the two fully franked dividends the company paid out over the year. Telstra shares currently trade on a trailing yield of 4.85%.

    Here’s what put the ASX 200 telco under pressure in FY 2024.

    Why did the Telstra share price go backwards in FY 2024?

    Among the headwinds hitting the Telstra share price over the financial year just past is ongoing inflationary pressure.

    In February, Telstra CEO Vicki Brady indicated that sticky inflation was making the company’s cost reduction plans more difficult.

    “While our cost reduction ambition is being challenged by high inflation, we still expect to achieve the large majority of this by FY25,” she said.

    Telstra since revealed its plans to cut as many as 2,800 employees as part of that cost-cutting initiative. And in a move that’s divided analysts, the ASX 200 telco has said it will no longer increase its monthly mobile charges in line with inflation, as it has been doing.

    Investors also appeared displeased when Telstra announced on 17 August that it would not sell its holdings in InfraCo Fixed.

    “After thoroughly examining alternatives, we have concluded that the greatest value to be created for shareholders is by maintaining the current ownership structure of InfraCo Fixed, for at least the medium term,” Brady said.

    Some analysts had expected the asset sale to unlock additional value for the company. The Telstra share price closed down 2.8% on the day.

    Investors also didn’t react positively to Telstra’s half-year results, released on 15 February. Despite the company reporting a 1.2% year on year increase in income to $11.7 billion, and an 11.5% boost in net profit after tax, which came in at $1.0 billion for the six months to 31 December, the Telstra share price closed down 2.3% on the day.

    The selling was spurred by the underperformance of the telco’s NAS (network applications and services) business, which negatively impacted its guidance.

    Brady said on the day:

    Given the performance in our NAS business, we are tightening our FY24 underlying EBITDA guidance range to $8.2 to $8.3 billion. FY24 guidance across other measures is reaffirmed.

    Prior guidance was for earnings before interest, taxes, depreciation, and amortisation (EBITDA) to be between $8.2 billion and $8.4 billion.

    As for the new financial year, Telstra finished trading on the second day of FY25 yesterday at $3.61.

    The post How come the Telstra share price crashed 16% in FY 2024? appeared first on The Motley Fool Australia.

    Should you invest $1,000 in Telstra Corporation Limited right now?

    Before you buy Telstra Corporation Limited shares, consider this:

    Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Telstra Corporation Limited wasn’t one of them.

    The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    And right now, Scott thinks there are 5 stocks that may be better buys…

    See The 5 Stocks
    *Returns as of 24 June 2024

    More reading

    Motley Fool contributor Bernd Struben has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has positions in and has recommended Telstra Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

  • Oakley founder lists $68 million brutalist home — see inside the concrete compound that looks like a Bond villain’s lair

    Oakley founder James Jannard listed his Beverly Hills cement compound for $68,000,000.
    Oakley founder James Jannard listed his Beverly Hills cement compound for $68,000,000.

    • James Jannard listed a Beverly Hills compound for $68 million shortly after his record Malibu sale.
    • The Oakley founder recently set a record with a $210 million Malibu mansion sale, surpassing Jay-Z.
    • Jannard's net worth is an estimated $1.3 billion, per Forbes.

    Just days after making a record-breaking Malibu mansion sale for $210 million, Oakley founder James Jannard is back with another mammoth listing.

    The sunglasses mogul just put his Beverly Hills cement compound up for sale at $68 million, as first reported by Realtor.com.

    Jannard, who recently surpassed Jay-Z and Beyoncé to claim the title of California's most expensive home real estate sale ever, has an estimated net worth of $1.3 billion, according to Forbes.

    After starting Oakley in 1975, Jannard eventually sold the company 32 years later for $2.1 billion to Italian company Luxottica. He later founded the digital cinema camera company Red Digital Cinema before retiring in 2019.

    Scroll down to check out inside the mansion.

    The futuristic fortress, which spans 18,000 square feet, features five bedrooms, 10 bathrooms, and an intimidatingly giant oval courtyard.
    Oakley founder James Jannard listed his Beverly Hills cement compound.
    The giant oval courtyard is opened by two massive metal doors.

    The property, which Jannard purchased in 2009 for $19,900,000, was originally built in 2016, according to the listing. It's located in Trousdale Estates, which sits in the foothills of the Santa Monica mountains.

    Trousdale Estates has housed several stars since the 1950s, including Elvis, Elton John, and Jane Fonda.
    Oakley founder James Jannard listed his Beverly Hills cement compound for $68,000,000.
    The central lounge area is centered for a full view of the pool and Los Angeles.

    Resting on one of Beverly Hills's highest points, the luxurious neighborhood offers a sweeping view of Los Angeles and easy access to Sunset Boulevard. Its average home value is around $7 million, according to Zillow.

    The mansion, which took five years to finish, boasts a brutalist design with bare cement walls, aluminum ceilings and accessories, and all-metal fixtures.
    Oakley founder James Jannard listed his Beverly Hills cement compound for $68,000,000.
    The bathroom and appliances are all also fully metal.

    Inspired by Stonehedge, according to Wallpaper*, the cavernous manor includes floor-to-ceiling windows and oversized columns. Jeff Vance, owner of the architecture firm iDGroup, designed acoustic panels to remove echo and create a cozier living experience despite its cold appearance.

    Jannard reportedly also owns property in Newport Beach, California, two islands in Fuji, and a third in the Pacific Northwest.
    Oakley founder James Jannard listed his Beverly Hills cement compound for $68,000,000.
    The living room has a gas hearth covered with a large metal hood.

    The former Oakley CEO shelled out $7 million for a Newport Beach house back in 1999, The Los Angeles Times reported. Jannard reportedly also bought an acre of land north of the area and Corona del Mar for an additional $8 million.

    The kitchen is fully chrome, and nearly all the house's furniture is custom-made.
    Oakley founder James Jannard listed his Beverly Hills cement compound for $68,000,000.
    The fully chrome kitchen is both a shiny showstopper and fully functional.

    There is both a gourmet kitchen and a full chef's kitchen, as well as a bar, according to the listing.

    Some rooms are softened by wooden floors and expansive windows and skylights for the sun to brighten.
    Oakley founder James Jannard listed his Beverly Hills cement compound for $68,000,000.
    The mansion includes five bedrooms and ten full bathrooms.

    The property is just under two acres, according to the listing, and is priced at roughly $3,700 per square foot.

    Curved walls lead to the guest bedroom and a separate guest apartment.
    Oakley founder James Jannard listed his Beverly Hills cement compound for $68,000,000.
    The curved hallway leads to the master bedroom, where an 1880s Gatling gun is displayed.

    The guest and master rooms flank one side of the living area, while service rooms reside on the other side for a symmetrical layout.

    The central lounge area overlooks a massive infinity pool.
    Oakley founder James Jannard listed his Beverly Hills cement compound for $68,000,000.

    The living room has a full glass wall that can completely retract into the ground for an unobstructed view of the entire Los Angeles basin.

    The light fixtures are made with tumbled aluminum, along with nearly all the seating and hardware.
    Oakley founder James Jannard listed his Beverly Hills cement compound for $68,000,000.
    The office has plenty of open space and sunlight for a bright workplace.

    Some rooms have wood accents to cut through the overwhelming industrial design furniture.

    The master bathroom includes a metal tub inscribed with a sentence written in J.R.R. Tolkien's Elvish language.
    Oakley founder James Jannard listed his Beverly Hills cement compound for $68,000,000.

    Red, Jannards second company, manufactured the digital cameras that were used to film "The Hobbit" franchise.

    The concrete fort also includes a movie theatre, gym, wine cellar, and an elevator.
    Oakley founder James Jannard listed his Beverly Hills cement compound for $68,000,000.
    The mansion also includes a home theatre.

    The home theatre stays on the sci-fi theme with gray lounge seats and cement blocks adorning even grayer walls.

    Read the original article on Business Insider
  • Russia missed probably its best opportunity to steamroll Ukraine, war analyst argues

    In this photo released by the Russian Defense Ministry Press Service on April 15, 2024, Russian soldiers participate in a military exercise somewhere in Russian-controlled Donetsk region, eastern Ukraine.
    In this photo released by the Russian Defense Ministry Press Service, Russian soldiers participate in a military exercise somewhere in Russian-controlled Donetsk region in eastern Ukraine.

    • Russia squandered a major opportunity to make battlefield gains, says strategist Mick Ryan.
    • Despite recent momentum, Russia's made little forward progress, and its gains have come at a high cost.
    • Ukraine's improving military posture and strategic prospects challenge Russia's attrition tactics.

    Russia missed out on an opportunity to steamroll Ukraine and secure notable battlefield gains, former Australian major general Mick Ryan said on Tuesday.

    "Russia has built strategic momentum with its assaults on Ukraine in the past six months. However, they have largely failed to exploit their opportunities," Ryan, a fellow at the Center for Strategic and International Studies, wrote on X. "Russia appears to have blown what might have been its last chance to strike a decisive blow against Ukraine in this war," he said.

    The former general said Russia missed an opportunity to make gains that emerged in late 2023 when Ukraine wrapped up its unsuccessful counteroffensive, running short on munitions and manpower.

    Ryan argued that "the Russians over the last six months have generally failed to capitalise on this convergence of opportunities."

    This situation, he said, "was probably Russia's best opportunity to make significant gains on the battlefield which it could then turn into significantly increased political and diplomatic pressure on Ukraine for peace negotiations."

    He pointed to Russia's limited progress, noting that the Russians have paid in hundreds of lives for each kilometer of territory captured. That's a "poor return on investment – in any war," Ryan said. And casualties have been on the rise.

    Russia has been largely using its troops in small, costly actions, a war of attrition strategy President Vladimir Putin openly discussed last month. Ryan said this tactic is counterproductive and prevents the Russians from actually building a bigger, better quality force, a "large force that might be able to undertake larger scale offensive operations."

    After visiting Ukraine earlier this year, Ryan predicted that Russia's efforts to influence Ukraine's supporters could be an issue, as it had already led some Americans to minimize Ukraine's critical situation and turn away from supporting US aid efforts.

    In his latest argument, he said that Russia's campaign has notably been unconvincing to Ukraine's most prominent backers.

    While Russia may have time to ramp up its offensive attacks, Ukraine is trying to improve its own military posture at a steady pace.

    "The question now is whether Ukraine, which seeks to liberate more of its territory occupied by Russia, can build all the different physical, moral and intellectual elements of offensive combat power to do better than Russia has either later this year or in 2025," Ryan concluded.

    Read the original article on Business Insider
  • 3 best-performing ASX 200 mining shares of FY24

    Three satisfied miners with their arms crossed looking at the camera proudly

    The performance of ASX 200 mining shares in FY24 was mixed amid some commodity prices rising while others were volatile and fell (or absolutely tanked in the case of lithium).

    At the time of writing, silver is up 28% and gold is up 21% over the past 12 months, according to Trading Economics. Copper is up 16.5% and platinum is up 8%.

    On the flipside, lithium is down by more than 70% and iron ore is off 5%.

    So, perhaps it’s no surprise that the top three fastest-rising ASX 200 mining stocks are involved in one of the star commodities of FY24.

    And that’s gold.

    The gold price reached all-time record highs repeatedly throughout FY24. Last night, the market reset the peak price once again at about US$2,338 per ounce.

    The apparent peaking of interest rates around the world was one factor in the gold price’s rise over FY24.

    Another was global geopolitical tensions, which encouraged investors and central banks to take on extra exposure to this traditional safe-haven asset.

    3 best ASX 200 mining shares for price growth

    Data from S&P Global Market Intelligence shows these are the top three ASX 200 mining shares for FY24.

    Red 5 Limited (ASX: RED)

    Red 5 is a gold explorer and producer with assets in Western Australia’s Eastern Goldfields area. They include the Darlot Gold Mine and the King of the Hills project.

    Red 5 was the most outstanding of the ASX 200 mining shares for price growth in FY24. The Red 5 share price rose by 89.5% over FY24.

    There were two significant surges for the Red 5 share price in FY24.

    The first was in August after the company announced outstanding drilling results and the completion of 95% of the FY24 mine plan at the King of the Hills mine.

    The second run was sparked in February after Red 5 released its 1H FY24 results. The company reported significant lifts in gold production and a 77% bump in sales revenue. Its net profit after tax (NPAT) was $29 million compared to a loss of $28.5 million in 1H FY23.

    In other news, Red 5 announced a proposed merger with fellow ASX 200 gold producer Silver Lake Resources Ltd (ASX: SLR) in February.

    West African Resources Ltd (ASX: WAF)

    West African Resources has a 90% interest in the Sanbrado Gold Operations and Kiaka Gold Projects in West Africa. The Government of Burkina Faso owns the remaining 10% in both projects. The company also owns the Toega Gold Deposit, which is 14km away from Sanbrado.

    The West African Resources share price rose by 86.1% over FY24. The share price ramped up mostly in the second half of FY24 after the miner issued a resource, reserve and 10-year production update in February.

    The miner forecasts production of 4.03Moz of gold between 2024 and 2033. This was 415,000 ounces higher than the previous forecast. The mine plans extend to 2034 at Sanbrado and 2042 at Kiaka, assuming an average gold price of US$1,400 per ounce. It expects peak gold production in 2029.

    The company increased its mineral resources estimate by 181,000 ounces to 12.8Moz of gold and decreased its ore reserves estimate by 275,000 ounces to 6.1Moz of gold.

    Construction costs at Kiaka are on-budget, with first production expected in 3Q FY25. The company is fully funded via a US$265 million debt facility till that point.

    Emerald Resources NL (ASX: EMR)

    Emerald Resources owns projects in Cambodia and Australia. Its flagship mine, Okvau, is 100% owned and located 275km northeast of Phnom Penh.

    The Emerald Resources share price rose by 72.2% over FY24. It rose pretty steadily throughout the year.

    In the last production update issued in April, Emerald Resources reported gold production of 28,539 ounces. That was at the upper end of its guidance of 25,000 ounces to 30,000 ounces per quarter.

    The company reported sales of 28.5koz of gold in the March 2024 quarter at an average price of US$2,069 per ounce.

    In other news, the company completed its takeover of Bullseye Mining via compulsory acquisition last month.

    The post 3 best-performing ASX 200 mining shares of FY24 appeared first on The Motley Fool Australia.

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    Motley Fool contributor Bronwyn Allen has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.