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  • Gunns announces massive $900m loss

    Gunns announces massive $900m loss

    ABCUpdated August 31, 2012, 9:19 pm

    Tasmanian forest products company Gunns has reported a net loss of $904 million for the past financial year.

    This compares to an almost $356 million loss for the previous 12 months.

    The company blamed the costs associated with a major restructure and the state of the export woodchip market, which forced significant write-downs of forestry assets and its pulp mill project.

    Gunns told the stock exchange that underlying earnings for the period were nearly $30 million, down from nearly $42 million in the previous 12 months.

    It listed its net tangible assets at the end of the year at just over $24 million.

    Gunns also warned that earnings were likely to be materially less for the current financial year.

    The company has been in a trading halt for almost six months, which will continue until it can provide more detail about proposed capital raising.

    Matthrew Torenius from Shadforth Financial Group says the company’s earnings have been hit hard by falling demand for its woodchips.

    “What we’ve seen in a deterioration in the woodchip market, both the combination of the high Aussie dollar and also the supply of woodchips coming out of Australia and other countries have meant prices have really dived,” he said.

  • Carbon release from collapsing coastal permafrost in Arctic Siberia

    Carbon release from collapsing coastal permafrost in Arctic Siberia

    Posted: 30 Aug 2012 07:53 AM PDT

    A new study shows that an ancient and large carbon pool held in a less-studied form of permafrost (“Yedoma”) is thaw-released along the approximately 7000-kilometer desolate coast of northernmost Siberian Arctic.

  • Heavy rain causes chaos as summer confirmed as wettest in 100 years

    Heavy rain causes chaos as summer confirmed as wettest in 100 years

    Train derailed and people forced from homes by latest instances of bad weather in extraordinarily damp year

    Cumbria train derailment

    A commuter train on its way to Sellafield nuclear plant was derailed when it hit a landslide caused by torrential rainfall. Photograph: Network Rail/PA

    Forecasters have confirmed what many suspected: summer 2012 in England and Wales has been the biggest washout for a century. The Met Office said it had been the one of the dullest on record, one of the coolest, and the soggiest since 1912.

    As if to illustrate the point, Cumbria was hit by heavy rain and flash flooding on Thursday, , forcing people to leave their homes and causing a train carrying about 100 passengers to derail.

    A landslide is thought to have caused the derailment of the two-carriage train, which was travelling towards Sellafield nuclear plant. No injuries were reported.

    While the month is not quite over, Met Office figures up to 29 August make grim reading. Not only has this summer experienced just 399 hours of sunshine, it has also been cool, with a mean temperature of 14C (57F), some 0.4C below the long term average.

    The Met Office does not expect summer rainfall (currently at 366.8mm) to exceed the 384.4mm seen in the summer of 1912, and Scotland has escaped relatively lightly with 357mm.

    This will come as cold comfort to millions of Britons who have endured the damp weather. It is shaping up to be the fourth wettest summer since records began in 1727.

    Torrential rain on Wednesday night forced people in Cumbria from their homes and about 20 elderly men and women were moved to an emergency shelter at Egremont market hall after a power cut.

    Egremont and the Calder valley were the worst affected parts of west Cumbria, with 15mm of rain recorded in just 15 minutes at Calder Hall, and a total of 52mm recorded between 10pm and 4am on Thursday.

    Passengers on the derailed train were on their way to work at Sellafield when it ran into the landslip at 6.45am. Despite the large amount of mud and debris on the tracks, the train stayed upright.

    Alan Isles was on board. He described how fellow travellers screamed out as the train hit the landslide, sending debris flying over the carriages.

    Isles, from Workington, said: “As we were coming round a corner, there was no deceleration at all and we suddenly felt a large impact. A lot of people screamed out as the train derailed and many were disorientated. We were worried about rolling over, but luckily we didn’t. The staff were great and took control straight away.”

    A second train sent to the scene to transport the stranded passengers to Sellafield also encountered a landslide and had to return to Nethertown. Passengers were escorted to the nearest road for their onward journey.

    Network Rail said the derailment, about a mile south of St Bees station, happened in a remote area with no easy road access. Engineers spent the day removing rubble and carrying out repairs. There will be an investigation by the Rail Accident Investigation Branch.

    Following the severe weather, Cumbria fire service said it received more than 100 calls for help, mainly involving requests for sandbags. A spokesman said: “Some people have had to be evacuated and many have made their own way out of their flooded houses.”

    Cumbria police said drains were unable to cope after the river Ehen and several becks in the Egremont area burst their banks.

    Emma Jane Taylor said floodwater began entering her St Bees home shortly before midnight on Wednesday. “We’ve had heavy rain here before, but it’s never been this bad. I alerted some neighbours, but within 30 minutes it was through my front door and coming up through my floorboards. At the moment you can paddle across my floor.”

    Earlier this week the rear of a four-storey house in Egremont collapsed into the river Ehen after heavy rain.

    Forecasters say Friday will bring largely dry and fine weather for England and Wales, turning cloudier in the north and west later.

  • US report on reasons for no longer supporting Israel

    US report on reasons for no longer supporting Israel

    • Israel, given its current brutal occupation and belligerence cannot be salvaged any more than apartheid south Africa could be when as late as 1987 Israel was the only “Western” nation that upheld diplomatic ties with South Africa and was the last country to join the international boycott campaign before the regime collapsed;

    • The Israel leadership, with its increasing support of the 700,000 illegal settlers on the occupied West Bank is increasing out of touch with the political, military and economic realities of the Middle East;

    • The post Labor government Likud coalition is deeply complicit with and influenced by the settlers’ political and financial power and will increasingly face domestic civil strife which the US government should not associate itself with or become involved with;

    • The Arab Spring and Islamic Awakening has, to a major degree, freed a large majority of the 1.2 billion Arab and Muslims to pursue what an overwhelming majority believe is the illegitimate, immoral and unsustainable European occupation of Palestine of the indigenous population;

    • Simultaneous with, but predating, rapidly expanding Arab and Muslim power in the region as evidenced by the Arab spring, Islamic Awakening and the ascendancy of Iran, as American power and influence recedes, the US commitment to belligerent oppressive Israel is becoming impossible to defend or execute consistent given paramount US national interests which include normalizing relations with the 57 Islamic countries;

    • Gross Israeli interference in the internal affairs of the United States through spying and illegal US arms transfers. This includes supporting more than 60 ‘front organizations’ and approximately 7,500 US officials who do Israel’s bidding and seek to dominate and intimidate the media and agencies of the US government which should no longer be condoned;

    • That the United States government no longer has the financial resources, or public support to continue funding Israel. The more than three trillion dollars in direct and indirect aid from US taxpayers to Israel since 1967 is not affordable and is increasingly being objected to by US taxpayers who oppose continuing American military involvement in the Middle East. US public opinion no longer supports funding and executing widely perceived illegal US wars on Israel’s behalf. This view is increasingly being shared by Europe, Asia and the International public;

    • Israel’s segregationist occupation infrastructure evidenced by legalized discrimination and increasingly separate and unequal justice systems must no longer be directly or indirectly funded by the US taxpayers or ignored by the US government;

    • Israel has failed as a claimed democratic state and continued American financial and political cover will not change its continuing devolution as international pariah state;

    • Increasingly, rampant and violent racism exhibited among Jewish settlers in the West Bank is being condoned by the Israeli government to a degree that the Israel government has become its protector and partner;

    • The expanding chasm among American Jews objecting to Zionism and Israeli practices, including the killing and brutalizing of Palestinians under Israeli occupation, are gross violations of American and International law and raise questions within the US Jewish community regarding the American responsibility to protect (R2P) innocent civilians under occupation;

    • The international opposition to the increasingly apartheid regime can no longer be synchronized with American claimed humanitarian values or US expectations in its bi-lateral relations with the 193 member United Nations.

    For full report and astonishing list of authors.

    • Israel, given its current brutal occupation and belligerence cannot be salvaged any more than apartheid south Africa could be when as late as 1987 Israel was the only “Western” nation that upheld diplomatic ties with South Africa and was the last country to join the international boycott campaign before the regime collapsed;

    • The Israel leadership, with its increasing support of the 700,000 illegal settlers on the occupied West Bank is increasing out of touch with the political, military and economic realities of the Middle East;

    • The post Labor government Likud coalition is deeply complicit with and influenced by the settlers’ political and financial power and will increasingly face domestic civil strife which the US government should not associate itself with or become involved with;

    • The Arab Spring and Islamic Awakening has, to a major degree, freed a large majority of the 1.2 billion Arab and Muslims to pursue what an overwhelming majority believe is the illegitimate, immoral and unsustainable European occupation of Palestine of the indigenous population;

    • Simultaneous with, but predating, rapidly expanding Arab and Muslim power in the region as evidenced by the Arab spring, Islamic Awakening and the ascendancy of Iran, as American power and influence recedes, the US commitment to belligerent oppressive Israel is becoming impossible to defend or execute consistent given paramount US national interests which include normalizing relations with the 57 Islamic countries;

    • Gross Israeli interference in the internal affairs of the United States through spying and illegal US arms transfers. This includes supporting more than 60 ‘front organizations’ and approximately 7,500 US officials who do Israel’s bidding and seek to dominate and intimidate the media and agencies of the US government which should no longer be condoned;

    • That the United States government no longer has the financial resources, or public support to continue funding Israel. The more than three trillion dollars in direct and indirect aid from US taxpayers to Israel since 1967 is not affordable and is increasingly being objected to by US taxpayers who oppose continuing American military involvement in the Middle East. US public opinion no longer supports funding and executing widely perceived illegal US wars on Israel’s behalf. This view is increasingly being shared by Europe, Asia and the International public;

    • Israel’s segregationist occupation infrastructure evidenced by legalized discrimination and increasingly separate and unequal justice systems must no longer be directly or indirectly funded by the US taxpayers or ignored by the US government;

    • Israel has failed as a claimed democratic state and continued American financial and political cover will not change its continuing devolution as international pariah state;

    • Increasingly, rampant and violent racism exhibited among Jewish settlers in the West Bank is being condoned by the Israeli government to a degree that the Israel government has become its protector and partner;

    • The expanding chasm among American Jews objecting to Zionism and Israeli practices, including the killing and brutalizing of Palestinians under Israeli occupation, are gross violations of American and International law and raise questions within the US Jewish community regarding the American responsibility to protect (R2P) innocent civilians under occupation;

    • The international opposition to the increasingly apartheid regime can no longer be synchronized with American claimed humanitarian values or US expectations in its bi-lateral relations with the 193 member United Nations.

    For full report and astonishing list of authors.

  • ‘Weird chemistry’ by microbe is prime source of ocean methane

    ‘Weird chemistry’ by microbe is prime source of ocean methane

    Posted: 30 Aug 2012 11:13 AM PDT

    Up to four percent of the methane on Earth comes from the ocean’s oxygen-rich waters, but scientists have been unable to identify the source of this potent greenhouse gas. Now researchers report that they have found the culprit: A bit of “weird chemistry” practiced by the most abundant microbes on the planet.

  • Australian rivers need your protection

    CEO Matt Reddy says this is a fantastic time for people in all areas of Australia to simply stop and celebrate how vital rivers are to the community. People are being encouraged to organise a fundraiser or celebration of their choosing with a river theme.  There are many ideas for people to see at www.riverfoundation.org.au.
    The website will show people exactly how to get involved. People can either then donate funds to a local project in the local area or donate money to the International RiverFoundation for overall river awareness and river restoration projects.
    Matt Reddy says taking action is far and away the best way to help rivers. He points out rivers are integral to all our lives as they are closely linked with the tourism industry, jobs, agriculture and many other industries.
    Tammy van Wisse is a huge supporter of rivers – water is her “office”. Tammy said, “We all need to get behind our rivers – they’re a part of our national backbone. Our rivers cannot speak up for themselves. That’s why we are doing this project. We can all speak up and do something.”
    Rivers provide billions of dollars to the economy – especially rural economies.  The Murray Darling Basin is estimated to produce one third of all food produced in Australia – it’sAustralia’s “food basket” and the nation’s agricultural heartland.   It is estimated over 3 million people rely on the Murray Darling for their everyday drinking water.
    Matt Reddy says rivers are literally the veins of Australia – highlighting a huge number of industries in Australia depend on healthy rivers including our food industries; fruit, milk, rice and many more.
    Churches and other religious groups are also being urged to consider a special service with a river theme for World Rivers Day, which will happen over the weekend of Sunday September 25th.
    Matt Reddy said, “We hope local churches and other religious institutions will also consider a special service dedicated to or mentioning rivers and why they are important, especially the role they play in the major faiths. We hope schools pause and have a closer look and study a local river.”
    Olympic Gold swimming legend Duncan Armstrong said, “As a father I’m very aware that our rivers need to be nurtured for future generations. You can fundraise for your own river.  All of the administration is done through a simple online system.  We are looking for people who want to be an “Everyday Hero”.  Everyday Heroes are everywhere and this is about raising critical funds to help rivers and waterways managers.”
    “Funding will help with plantings, re-vegetation, bank stabilisation and more.  By supporting your local river, you will be helping keep waterways clean for future generations.”
    Ideas for fundraisers, to support World Rivers Day, include film nights, toastings to our rivers, showcasing local produce, fishing days, clean ups, riverside barbeques, river cycles, river walks and more.
    Matt Reddy said, “Fresh water is a scarce and precious resource.  Our rivers house numerous iconic species – everything from yabbies and barramundi to platypus and the ancientQueensland lung fish.  Our precious rivers are also a playground.  People love to fish, row, paint, pan for gold or simply walk along rivers.”
    The International RiverFoundation highlights that whilst Australians unquestionably love our rivers the blunt reality is many rivers are suffering damage with wetlands being destroyed, riverbanks eroding and water bird species disappearing.
    Matt Reddy says our rivers have been punished and need much more restoration work because they are the backbone of our nation and are central to our national character.
    Matt Reddy says there’s been a clear legacy of abuse and neglect. He says some rivers have been used as open sewers, industrial drains and waste dumping grounds. It’s estimated by the National River Health Program that at least 31% of Australian rivers have now suffered a level of either minor or major damage.
    The River Foundation also points out that Australia has the highest variability of river flows anywhere in the world – so we must be more sensitive as to how we use our freshwater resources.  Figures show 16 of the 30 species of native fish in the Murray Darling system are now threatened with 1 species critically endangered.  Less than 10% of Murray Cod,Australia’s most iconic fish, are left.
    World Rivers Day highlights the many values of rivers and focuses on increasing public awareness.  Various agencies of the United Nations have endorsed World Rivers Day. Its origins started in British Columbia when Canada held a rivers day which grew to over 100,000 people helping.
    Comedy legend Mark Mitchell said, “Investing in our rivers today is clearly investing in tomorrow. We’re all aware that we are the driest continent on Earth so we know water is so important to our nation. We feel rivers are being overlooked. Every dollar invested in river protection saves ten dollars in restoration.”
    Matt Reddy added, “The first rule of rehabilitation is to avoid the damage in the first place! It is easy, quick and costs no money to damage natural streams. It is hard, slow and expensive to return them to their original state”
    “It takes only one person with a bulldozer to damage a stream, but it can take many volunteers, landholders, engineers, biologists, geomorphologists, botanists and public-servants to fix it again.”
    “In the past two centuries alone building and the huge clearing of native vegetation has dramatically affected our rivers. River water quality has been affected. River flows have been drastically reduced. Rivers have been under assault by carp – the rabbits of our rivers and invasive weeds like blackberry are choking up vast areas of pristine river landscapes. Huge dollars are now needed to reverse this damage and to get more vegetation happening. Restoration is the key.”
    “On a global scale it deeply alarms me to see a University of Western Australia report suggesting 80% of the world’s population now live in areas where rivers are simply classified as highly threatened.  The report indicates the world’s rivers are heading towards a crisis where thousands of species of plants and animals are at risk of extinction.”
    “We sometimes forget how critical water is. For instance 1kg of Australian beef requires around 100,000 litres of water to produce and 1kg of butter uses up around 80,000 litres of water.”
    “In New South Wales it is estimated over 85% of rivers have been degraded to some extent by human activity.  South Australia has already lost 75% of its wetlands.  Huge quantities of salt are now flowing down the River Murray every day.  On average 1,000 tonnes of salt per day enter the River Murray in SA alone.”
    Matt Reddy added, “We know we have got big problems. The answers all lie in action. Do something – make a difference. Stop and celebrate our rivers. Whether it’s a barbeque or any kind of event by the river, focus on your local river and celebrate why it’s such an important part of our nation. Our rivers deserve nothing less.”
    Joining in is simple.  Just go to www.riverfoundation.org.au
    Media enquiries to Media Key on 03 9769 6488.

    Some of the activities held across the world last year
    for World Rivers Day
    • British Colombia, Canada – invasive plant species were part of the focus at the Coquitlam River.
    • California, USA – the American River – 20 different locations removed over 15,000 lbs of debris from the river.
    • British Colombia, Canada – the township of Langley had a huge festival including streamside tree planting, salmon displays and more.
    • Yamuna River – India – river paddle trips, planting along the riverbanks and a plastic debris clean up were part of the focus.
    • Cameroon, Africa – a river education program with river education for kids was part of the program.
    • Pencala River, Malaysia – a huge event included river mapping and a river clean up not far from Kuala Lumpur.
    • French Broad River, North Carolina, USA – river link got river lovers to toast to the river with other activities.
    • Saskatoon, Saskatchewan, Canada – a special safe drinking water event included films and more.
    • Island of Dominica, Caribbean – their themes were “Where have our 365 rivers gone?”
    • Patagonia, Chile – local townspeople had a big celebration to honour their local waterway – the Baker River.