Placeholder Content Image

No credit score? A grocery list could be the next best thing

<div class="theconversation-article-body"><em><a href="https://theconversation.com/profiles/joonhyuk-yang-1548700">Joonhyuk Yang</a>, <a href="https://theconversation.com/institutions/university-of-notre-dame-990">University of Notre Dame</a> and <a href="https://theconversation.com/profiles/jung-youn-lee-1548702">Jung Youn Lee</a>, <a href="https://theconversation.com/institutions/jones-graduate-school-of-business-at-rice-university-5411">Jones Graduate School of Business at Rice University</a></em></p> <p>How you shop and what you buy at the grocery store can predict whether you pay your credit card bills on time, <a href="https://doi.org/10.1287/mnsc.2022.02364">our new research shows</a>.</p> <p>As <a href="https://mendoza.nd.edu/mendoza-directory/profile/joonhyuk-yang/">marketing</a> <a href="https://business.rice.edu/person/jung-youn-lee">professors</a>, we wanted to learn about alternatives to traditional credit scores. So we teamed up with a multinational conglomerate that, among other things, runs a large supermarket chain and a credit card issuer.</p> <p>By analyzing consumer-level data from those two business units, we were able to see how 30,089 individuals shop and manage their finances.</p> <p>We found that people with more consistent grocery shopping habits are more likely to pay their credit card bills on time. These are people who tend to shop on the same day of the week, spend about the same amount each month, buy similar items across trips and take advantage of deals regularly.</p> <p>We also found that what people buy predicts how they manage their finances. For example, shoppers who frequently purchase cigarettes or energy drinks are more likely to miss credit card payments. Those who often buy fresh milk or salad dressing tend to be more diligent about paying their bills.</p> <p>In general, buying healthier but less convenient food predicted responsible payment behaviors. This was true even when we held consumer characteristics such as income, occupation, credit score and family size constant.</p> <p>Building on those findings, we developed a credit scoring algorithm that scores people based on their grocery shopping habits along with traditional credit risk indicators. When we simulated approval decisions with this algorithm, we found that using grocery data could help lenders predict defaults more accurately while boosting their per-customer profits.</p> <h2>Why it matters</h2> <p>According to the World Bank, <a href="https://www.worldbank.org/en/publication/globalfindex">more than 1 billion people</a> worldwide lack access to formal financial systems and, as a result, have no credit scores. In the U.S. alone, <a href="https://www.consumerfinance.gov/data-research/research-reports/who-are-credit-invisibles/">about 45 million adults</a> have no credit history or not enough of one to generate a score.</p> <p>This makes it hard for them to access credit, even if they are responsible borrowers. And without credit, it’s harder to get a car, a job or even a place to live. It’s a problem that disproportionately affects <a href="https://www.worldbank.org/en/publication/globalfindex">underprivileged groups</a>, including people of color and women.</p> <p>In response, policymakers and researchers are increasingly interested in using alternative data sources to assess creditworthiness. For instance, <a href="https://www.cnbc.com/2024/07/17/how-on-time-rent-payments-help-credit-invisible-consumers.html">Fannie Mae now considers</a> mortgage applicants’ rent payment histories, allowing those without traditional credit histories to demonstrate their creditworthiness.</p> <p>Grocery data is especially promising because there’s so much of it. Pretty much everybody buys groceries, and not just once. Information about consumer preferences is continuously being generated in every aisle of grocery stores around the globe.</p> <p>Our study shows that this data has value far beyond the grocery industry.</p> <h2>What’s next</h2> <p>We believe that our study serves as a proof of concept, offering insights for the design and implementation of future research. However, several key questions remain. For example, what if this approach affects different groups unequally? And what about privacy concerns?</p> <p>Our follow-up research aims to address these issues. We’re collaborating with a conglomerate in Peru, a cash-reliant country with a significant unbanked population. Building upon our current findings, we’re working closely with that company to test the impact of our approach on low-income populations. We’ll be helping to evaluate credit applicants using retail transaction data, aiming not just to improve profitability but also to boost social inclusion in the region.</p> <p><em>The <a href="https://theconversation.com/us/topics/research-brief-83231">Research Brief</a> is a short take on interesting academic work.</em><!-- Below is The Conversation's page counter tag. Please DO NOT REMOVE. --><img style="border: none !important; box-shadow: none !important; margin: 0 !important; max-height: 1px !important; max-width: 1px !important; min-height: 1px !important; min-width: 1px !important; opacity: 0 !important; outline: none !important; padding: 0 !important;" src="https://counter.theconversation.com/content/234887/count.gif?distributor=republish-lightbox-basic" alt="The Conversation" width="1" height="1" /><!-- End of code. If you don't see any code above, please get new code from the Advanced tab after you click the republish button. The page counter does not collect any personal data. More info: https://theconversation.com/republishing-guidelines --></p> <p><em><a href="https://theconversation.com/profiles/joonhyuk-yang-1548700">Joonhyuk Yang</a>, Assistant Professor of Marketing, Mendoza College of Business, <a href="https://theconversation.com/institutions/university-of-notre-dame-990">University of Notre Dame</a> and <a href="https://theconversation.com/profiles/jung-youn-lee-1548702">Jung Youn Lee</a>, Assistant Professor of Marketing, <a href="https://theconversation.com/institutions/jones-graduate-school-of-business-at-rice-university-5411">Jones Graduate School of Business at Rice University</a></em></p> <p><em>Image credits: Shutterstock </em></p> <p><em>This article is republished from <a href="https://theconversation.com">The Conversation</a> under a Creative Commons license. Read the <a href="https://theconversation.com/no-credit-score-a-grocery-list-could-be-the-next-best-thing-234887">original article</a>.</em></p> </div>

Money & Banking

Placeholder Content Image

"What a score": Woman finds rare gems in Vinnie's op shop

<p>One lucky thrift shopper has stumbled upon a rare find in her local charity shop, spotting stunning opal earrings on sale for just $2. </p> <p>The shopper took to Facebook to share her find, posting a photo of the gold earrings adorned with a series of blue opals that she got from a Vinnie's op-shop in Queensland.</p> <p>Many were quick to agree that they were "such a rare find" because of the low price, as admirers described the jewellery as "Pretty", "amazing" and "beautiful".</p> <p>"Holy moly," one person exclaimed. "I can't breathe," one other said. "What a score," another agreed.</p> <p>While some people were skeptical that the gems weren't real, others said, "There's no way someone would set that many beautiful opals into costume jewellery so I'd say you have found a unicorn there."</p> <p>"They most certainly look genuine opal and diamond," another agreed — and so do the experts.</p> <p>Sebastian Heffernan from Lightning Ridge Opal mines told <a href="https://au.news.yahoo.com/womans-rare-2-find-at-vinnies-op-shop-worth-1000-absolute-steal-042951545.html" target="_blank" rel="noopener"><em>Yahoo News</em></a> that while it's difficult to determine based on photos alone, the opals "don't appear to be fake". </p> <p>"It's normally pretty obvious when they are," he explained. "They would look a little bit too perfect a lot of the time. Whereas these ones, you can see that some of them have little dots of colour, some have medium flashes."</p> <p>Assuming the opals are real but the diamonds are fake and the gold is plated, rather than solid, Sebastian guessed the earrings could sell for just couple of hundred.</p> <p>However, Wayne Sedawie, who owns Opal and Gem Stone Auctions, reckons the lucky thrifter could fetch close to $1,000 for the earrings, if resold or cashed in to a reseller, and suggested she get them valued.</p> <p>"It's definitely good to maybe get them looked at by someone in person because they do look quite nice from the photo, and the metal itself could be worth a little bit if it is actual gold," Sebastian added. "But either way, two bucks is an absolute steal".</p> <p>"That's such a great find. They're beautiful," Wayne agreed. "Just clean them up and they'll last a thousand years."</p> <p><em>Image credits: Facebook</em></p>

Money & Banking

Placeholder Content Image

Nine-year-old Aussie ballet prodigy scores full New York scholarship

<p>A talented nine-year-old is heading to New York City, after scoring a full scholarship to a prestigious ballet school. </p> <p>Malcolm Doyle's dad Nick said he and his wife knew their son had a talent for dance from a young age, and could not be more proud of the international attention his dancing has garnered.</p> <p>"He's been doing really well here in Australia and since last year, there's been a bit of a focus from overseas," Nick told <em><a href="https://9now.nine.com.au/today/aussie-billy-elliot-nine-year-old-ballet-prodigy-scores-scholarship-to-prestigious-new-york-academy/4e3fdf08-3fb7-41a4-89df-eb6ee4b58095" target="_blank" rel="noopener">Today</a></em>.</p> <p>"He got brought in to do an audition for Chicago's A and A Ballet, who were doing a world broadcast for auditions and from there, we just started to get a bit of interest."</p> <p>"And then this year, we let him do the auditions for the Royal Ballet and he ended up in Hong Kong over Easter."</p> <p>From there, Nick said the American Ballet Theatre in New York got in contact and offered Malcolm a scholarship. </p> <p>Malcolm ultimately turned down the offer and signed with another NYC school, the Ellison Theatre, who offered the youngster a full ride. </p> <p>The family are currently saving up to buy flights over to the US to check out the school, with Nick saying they will do anything and everything to support their son's dream. </p> <p>"It's taking quite a bit of the funds out of my bank account, but the love he's got for dancing, you can't stop him and even if we wanted to, I mean we get home after he's had a full day of dance and he's still dancing around the house," Nick said.</p> <p>Malcolm's dad has a performing arts background and his mum is also a classically trained ballerina and teacher, so Nick said Malcolm was either going to inherit the genes or "end up having three left feet".</p> <p>"He went and saw a production by the Queensland Ballet on the weekend, which he had never seen before and he walked out with half the choreography memorised in his head and trying to reproduce it.," Nick said.</p> <p>After being dubbed "Australia's own Billy Elliot", the Today hosts asked Malcom what it is he loves so much about dancing.</p> <p>"It makes me feel really excited and it's so amazing for me, the feeling I get when I dance," Malcolm said.</p> <p><em>Image credits: Today  </em></p>

Music

Placeholder Content Image

Flight attendant reveals how to score a free upgrade

<p dir="ltr">A flight attendant has shared her number one trick for securing an upgrade on your next plane journey. </p> <p dir="ltr">American flight attendant Cierra Mistt revealed the one question you should ask at check-in to score an upgrade to first class, with the hack working almost every time.</p> <p dir="ltr">Mistt started her now-viral video by saying her hack to get a free upgrade was top secret. </p> <p dir="ltr">“Let’s look at the big picture. Everyone is flying right now, and no one is more excited about that than commercial airlines,” she said.</p> <p dir="ltr">“The majority of airlines are overbooking every single flight they have.”</p> <p dir="ltr">“It comes from the last month of me trying to get home and not even being able to get on standby because every single flight has been oversold,” she said.</p> <p dir="ltr">“I am not talking about one or two seats. I am talking about 10-30 seats that have been oversold.”</p> <p dir="ltr">Mistt said this overselling of flights presents an opportunity to travellers.</p> <p dir="ltr">“If everyone does show up, including the extra passengers that were oversold their tickets, the airlines have no choice but to financially compensate,” she said.</p> <p dir="ltr">The flight attendant shared that airlines “normally start off with vouchers for $500 or something”.</p> <p dir="ltr">“Normally they say a voucher but you can ask for it in cash,” she said.</p> <p dir="ltr">“Depending on the flight and how desperate they are, they will go up to, like three, four, five thousand dollars.”</p> <p dir="ltr">“This is where the free upgrades come in.”</p> <p dir="ltr">Mistt said not only could you ask for a free upgrade in such circumstances, but you could “also ask for other incentives”.</p> <p dir="ltr">“For example, drinks, dinners, breakfast, even a hotel if you have to stay overnight until the next flight,” she said.</p> <p dir="ltr">“And, yes, you can also ask to be upgraded to first class.”</p> <p dir="ltr">Her video received more than a million views, with people praising the hack and sharing how it has worked for them. </p> <p dir="ltr">“I got upgraded to first class by doing this,” said one person. </p> <p dir="ltr"><em>Image credits: TikTok / Getty Images </em></p> <p> </p>

Travel Tips

Placeholder Content Image

How to score yourself free onboard credit on your next cruise

<p>Everybody loves to splurge on holidays especially when you’ve been given free credit! Here’s how to score yourself some free cash.</p> <p><strong>Grab a deal</strong></p> <p>With so many cruise lines now sailing out of Australia, they will all be competing hard for your business. You can book a great deal at any time of year and, alongside things like free upgrades or 50 per cent off for a second passenger, you’ll find onboard credit. Do your research and you could easily score yourself hundreds of dollars to spend onboard at no extra cost.</p> <p><strong>Book through an agent</strong></p> <p>Specialised cruise travel agents develop strong relationships with the lines and will be able to secure you the best price. As part of their offering, they can also throw in some free onboard credit. This could be with an individual shopfront agent or one of the larger online third parties, so look around for the best offers. And if you don’t see anything advertised directly, it never hurts to ask!</p> <p><strong>Stay loyal to a line</strong></p> <p>Most major cruise lines will have a dedicated loyalty scheme that operates sort of like a frequent flyer program. Cruise multiple times with the one line and they will reward you with special fares, upgrades and (you guessed it) onboard credit. Make sure you use your unique identification number every time you book so that you don’t miss out on any of your points.</p> <p><strong>Book another cruise</strong></p> <p>If you’re loving your cruise, take advantage of the onboard sales office and book another one right away. You’ll be able to take advantage of exclusive offers that you won’t find on land and many of these include onboard credit. The line will be eager to get you to sign up again before you can look at other ships, so it’s a chance for you to grab some big bonuses.</p> <p><strong>Make the best of a bad situation</strong></p> <p>When something goes wrong on a cruise (like a change of itinerary, missing a port or a fault with your cabin) the line will very often compensate you with onboard credit. We’re not saying you can create a problem to grab some cash, but if you have a legitimate problem then alert the crew as soon as possible and see if they can offer you some in exchange.</p>

Cruising

Placeholder Content Image

"Buddy is the star": Jamie Oliver's son scores his own show

<p>Buddy Oliver is a chip off the old block after landing his own cooking show for the <em>BBC</em>, according to reports. </p> <p>The 12-year-old has already made a name for himself with his YouTube channel <em>Cooking Buddies, </em>where he creates cooking tutorials with his famous dad, the iconic Jamie Oliver, in their family home. </p> <p>With an impressive fanbase of over 133,000 subscribers, Buddy's skills have been recognised and he is now reportedly set to appear on the small screen. </p> <p>"Buddy has taken all of his dad's experience on board and is about to put it into play with his own cookery show," a source told <em>The Sun</em>. </p> <p>The budding cook will reportedly be joined by other kids on the show, who will learn tips from him on how to get started on cooking. </p> <p>"Jamie's fans have long been asking for his son to have his own show for their kids to enjoy," the source added, claiming that Buddy will be the star of the show. </p> <p>"Buddy is the star of the show. Jamie is keen for his son to prove himself to telly audiences, not just live off the family name.</p> <p>"So Buddy's got to showcase his technical skills and presenting ability. But if his YouTube work is anything to go by, it'll be natural for him," the source said. </p> <p>Buddy is the second youngest of Jamie's children with his wife Jools. </p> <p>He has three older sisters  Poppy, 21, Daisy Boo, 20, and Petal, 14, and a younger brother seven-year-old River Rocket. </p> <p><em>Image: YouTube</em></p>

Food & Wine

Placeholder Content Image

Outrage after renters confronted with cleaning “scoring system”

<p dir="ltr">An Australian real estate agent has come under fire for their “demoralising” scoring system for tenants during routine inspections. </p> <p dir="ltr">One fired up renter said they were shocked to receive a scorecard from the agent after they complied with an inspection, and shared their feedback on Reddit. </p> <p dir="ltr">The scorecard rated the tenant’s efforts cleaning the property in 17 different rooms and areas, marking them on cleanliness, and if the areas were damaged or required maintenance. </p> <p dir="ltr">The renter was then also given an overall rating out of five stars, based on the upkeep of their rental home. </p> <p dir="ltr">The Reddit user showed that they received just three and half stars, despite being marked down in only one area due to a light globe not working.</p> <p dir="ltr">In their post, the tenant said they had made every effort to clean the home, adding that the rating was “demoralising”.</p> <p dir="ltr">“I’ve been renting a long time, and my deep cleaning routine is based around inspections,” they explained.</p> <p dir="ltr">“I go all out - every room in my little 3x2 villa is given a spring clean, every surface is washed including walls, doors, lights, windows, carpets etc.”</p> <p dir="ltr">“Had my latest inspection a few weeks ago and just received the report. Despite the agent commenting once again that she never sees houses as clean as mine, and taking 112 (!) photos of every single thing that shows how great the condition of the house is - having one light globe not working is so terrible that I’m scored three and a half out of five.”</p> <p dir="ltr">The renter went on to say that they had only recently discovered that the broken light globe was the real estate’s responsibility to replace, and does not warrant such a severe marking down in their “score”.</p> <p dir="ltr">“The globe in question is a downlight fitting. We have so many downlights that I don’t even use this particular one,” they continued.</p> <p dir="ltr">“I can’t replace the globe itself, I need to get into the roof to replace the whole unit. Thanks to people here I’ve learned this isn’t even my responsibility to fix!”</p> <p dir="ltr">The renter’s post sparked a huge outrage online, with many up in arms over the current state of the rental market and unrealistic expectations of estate agents. </p> <p dir="ltr">One person said, “I fully believe that the average renter keeps a home to a higher standard than an owner, and it seems deliberately demoralising that someone could be marked down for having a light out.”</p> <p dir="ltr">Another added, “This is ridiculously petty, and more importantly, totally irrelevant to the purpose of a periodic inspection. Which is to identify whether any maintenance is needed.”</p> <p dir="ltr">A third person took their anger out on the entire system, summing it up by writing, “I sort of wonder what little lightbulb clicks in your mind and you wake up one day and ask yourself, ‘How can I be a massive c*** who offers no value to society? I know! I will get into real estate.’”</p> <p dir="ltr"><em>Image credits: Getty Images / Reddit</em></p>

Real Estate

Placeholder Content Image

"I did it”: 59-year-old grandma finally scores dream Qantas job

<p>A 59-year-old grandmother has gotten her big gig with Qantas after dreaming of being a flight attendant for about 40 years.</p> <p>Jackie Cookson is one of the airline’s latest recruits, having graduated on May 29, with her first flight scheduled for June 3.</p> <p>Cookson can now add flight attendant to her versatile resume, with her previously working as a travel agent, a receptionist on an oncology ward and a newspaper sales rep.</p> <p>The 59-year-old, who calls herself “crazy nana” has shared her journey on TikTok since her first interview with Qantas, through all the assessments and training and to her upcoming graduation.</p> <p>In January 2023, she posted her first video ahead of her first in-person interview with Qantas, which attracted more than half a million views, saying people might think she was crazy to apply given her age, but she was finally following her dreams.</p> <p>The grandmother-of-two revealed she had an interview at another airline when she was 20 years old but never went as she ended up getting married.</p> <p>“In my eyes then if you were married you couldn’t be cabin crew. How bloody stupid was that,” she said.</p> <p>She got the job and relocated from Perth to Sydney for her training.</p> <p>“Crazy nana is going to be a cabin crew, watch out!” she told her followers.</p> <p>Four months on saw Cookson standing proudly in her Qantas uniform, with her certificate in hand.</p> <p>“Can you believe it? Crazy nana’s gone and bloody done it, hasn’t she? I’ve passed, today I’ve graduated. I did it,” an elated Cookson said.</p> <p>“If I can do it, anyone else can do it. Follow your dreams. Don’t give up. Don’t be thinking ‘I’m too old’ or this or that. Look at me, I’ve got my wings.”</p> <p>Cookson, who is originally from England but has been living in Australia for about 30 years, told <em>news.com.au </em>that the older she got, the more she thought she may have missed her chance.</p> <p>“After Covid I took a year off and travelled the world, went back to see my 91-year-old dad in Yorkshire, and I applied while I was on holiday,” she said.</p> <p>“I haven’t studied for a long time, so it’s definitely been a challenge, but I put everything I’ve got into it and I’m thrilled to have gotten my wings.</p> <p>“I fly on my first flight to LA on Saturday. I’m nervous, like any first day on the job, but I know I’ll settle into it, but I’m mostly just really excited. I love people and I’m looking forward to working with our customers.”</p> <p><em>Image credit: TikTok</em></p>

International Travel

Placeholder Content Image

Karl Stefanovic scores huge real estate win

<p dir="ltr">Karl Stefanovic and his wife Jasmine have earned themselves a tidy profit in record time after their home on Sydney’s north shore was leased just five days after going up for rent.</p> <p dir="ltr">Their home in Castlecrag was snapped up at a hefty $1850 a week, nearly a third more than the median rent of $1400 for the area.</p> <p dir="ltr">The rental price isn’t the only above-average feat the home has achieved, having been leased five days after listing, with Castlecrag properties sitting on the market for an average of 32 days, per <em><a href="https://www.realestate.com.au/news/boofhead-karl-stefanovics-big-real-estate-win/" target="_blank" rel="noopener">realestate.com.au</a></em>.</p> <p dir="ltr">After <a href="https://www.oversixty.com.au/property/real-estate/sneak-peek-inside-karl-stefanovic-s-new-suburban-oasis">purchasing the three-bedroom home</a> in March last year, the Stefanovics were quick to put it on the rental market <a href="https://www.oversixty.com.au/property/real-estate/how-you-can-rent-karl-stefanovic-s-glam-sydney-home">in September</a> for a similar price of $1800 a week.</p> <p dir="ltr">It comes as the <em>Today </em>show presenter has been in the spotlight recently, with the news his co-host Ally Langdon would be moving on <a href="https://www.oversixty.com.au/news/news/it-s-daunting-a-current-affair-and-today-show-hosts-finally-confirmed">to host <em>A Current Affair</em></a> and former ACA host Tracey Grimshaw describing him as having a “big boofhead”.</p> <p dir="ltr">Following rumours that <a href="https://www.oversixty.com.au/entertainment/tv/i-just-got-brushed-ally-langdon-responds-to-greatest-snub-in-australian-television">Grimshaw brushed off Langdon</a> during a farewell on her final ACA episode, the 62-year-old sent a hilarious text to her replacement the following day to address the rumours - and take a jab at Stefanovic.</p> <p dir="ltr">"I'm sorry I missed you," Tracy texted, per <em><a href="https://9now.nine.com.au/today/tracy-grimshaw-ally-langdon-a-current-affair-farewell/e0074648-5b75-4533-a398-afe4463f1610" target="_blank" rel="noopener">Today</a></em>.</p> <p dir="ltr">"I was so overwhelmed and obviously didn't see your petite head once Karl's big boofhead loomed into vision. Argh, big sorry."</p> <p dir="ltr">With Langdon departing <em>Today </em>at the end of this year, Stefanovic will continue to host the breakfast show next year with <em>60 Minutes </em>reporter Sarah Abo.</p> <p><span id="docs-internal-guid-1950f936-7fff-93e3-0ef6-fd366c9bfee9"></span></p> <p dir="ltr"><em>Images: realestate.com.au</em></p>

Real Estate

Placeholder Content Image

High score: Video game play linked to better cognitive performance

<p>Children playing video games for more than three hours a day score better on cognitive performance compared to non-gamers.</p> <p>A study involving more than 1,800 children aged nine and ten by researchers at the University of Vermont in the United States, is believed to be the largest investigation looking at the association between <a href="https://cosmosmagazine.com/people/good-games/" target="_blank" rel="noreferrer noopener">video games</a>, cognition and brain function. </p> <p>The researchers found children who played more than 21 hours of video games per week recorded better scores for <a href="https://cosmosmagazine.com/technology/can-games-tell-if-you-are-impulsive/" target="_blank" rel="noreferrer noopener">response inhibition</a> and working memory than those who never played. The article is <a href="https://jamanetwork.com/journals/jamanetworkopen/fullarticle/2797596?utm_source=For_The_Media&amp;utm_medium=referral&amp;utm_campaign=ftm_links&amp;utm_term=102422" target="_blank" rel="noreferrer noopener">published</a> in JAMA Network Open.</p> <p>Lead author Dr Bader Chaarani told Cosmos, “it makes sense that if you consider the brain is like a muscle, the more you train it, the better it performs.” </p> <p>Impulse control is considered important as it is linked to substance use in adolescence, while working memory is connected to IQ and language processing, Chaarani says.</p> <p>In the study, the children performed two tasks inside an MRI scanner. The first was a ‘stop signal task’ measuring impulse control. The task required children to press a button when arrows pointed left or right, but not press anything when the arrows point up. The second, a working memory task showed children pictures of faces and tested their recall.</p> <p>Children were also tested outside the scanner using oral and verbal tasks.</p> <p>In contrast to the findings of other research, the study did not find any significant difference between gamers and non-gamers in terms of mental health or behaviour. </p> <div class="newsletter-box"> <div id="wpcf7-f6-p220302-o1" class="wpcf7" dir="ltr" lang="en-US" role="form"> <form class="wpcf7-form mailchimp-ext-0.5.62 spai-bg-prepared init" action="/technology/high-score-video-game-play-linked-to-better-cognitive-performance/#wpcf7-f6-p220302-o1" method="post" novalidate="novalidate" data-status="init"> <p style="display: none !important;"><span class="wpcf7-form-control-wrap referer-page"><input class="wpcf7-form-control wpcf7-text referer-page" name="referer-page" type="hidden" value="https://cosmosmagazine.com/technology/" data-value="https://cosmosmagazine.com/technology/" aria-invalid="false" /></span></p> <p><!-- Chimpmail extension by Renzo Johnson --></form> </div> </div> <p>Chaarani says, “many parents today are concerned about the effects of video games on their children’s health and development, and as these games continue to proliferate among young people, it is crucial that we better understand both the positive and negative impact that such games may have.”</p> <p>In Australia, 78% of children and teenagers play video games, averaging 106 minutes per day, according to <a href="https://igea.net/wp-content/uploads/2021/10/DA22-Report-FINAL-19-10-21.pdf" target="_blank" rel="noreferrer noopener">research commissioned</a> by the Interactive Games and Entertainment Association.</p> <p>In the University of Vermont study, non-video gamers (who spent zero hours a week playing games) and gamers (who played more than 21 hours a week) were recruited from a mix of 21 public, private and charter schools across the United States.</p> <p>The two groups did not differ in terms of characteristics such as age, BMI or IQ. However, the gamers group had a higher share of boys, and lower parental income on average.</p> <p>The research forms part of the <a href="https://abcdstudy.org" target="_blank" rel="noreferrer noopener">Adolescent Brain Cognitive Development Study</a>, the largest long-term study of brain development and child health in the United States. This allows children to be tracked over time into early adulthood to see if changes in video gaming behaviour are linked to changes in cognitive skills, brain activity, behaviour, and mental health.</p> <p>While the results showed an association between playing video games and higher cognitive performance, the paper notes it does not evidence for causality. This will be the focus of further research, given the Adolescent Brain Cognitive Development Study follows children every two years.</p> <p>Chaarani says they also plan to look at the effect of video game genre in future work. The current study did not differentiate by the type of video games children played, whether puzzle games, action adventure, sports, simulation or shooters; or single versus multi-player games. </p> <p>“There are some smaller studies reporting that different types of games may engage different areas in the brain, different functions of the brain… but because of the sample size we cannot trust them enough,” he says.</p> <p>“For the nine and ten years old, we’ve been looking at surveys done internationally. So, these kids tend to play more fast-paced games like action, adventure and shooters that give you immediate reward rather than slow paced games.”</p> <p><!-- Start of tracking content syndication. Please do not remove this section as it allows us to keep track of republished articles --></p> <p><img id="cosmos-post-tracker" style="opacity: 0; height: 1px!important; width: 1px!important; border: 0!important; position: absolute!important; z-index: -1!important;" src="https://syndication.cosmosmagazine.com/?id=220302&amp;title=High+score%3A+Video+game+play+linked+to+better+cognitive+performance" width="1" height="1" /></p> <p><!-- End of tracking content syndication --></p> <div id="contributors"> <p><em><a href="https://cosmosmagazine.com/technology/high-score-video-game-play-linked-to-better-cognitive-performance/" target="_blank" rel="noopener">This article</a> was originally published on Cosmos Magazine and was written by Petra Stock.</em></p> <p><em>Image: Getty Images</em></p> </div>

Technology

Placeholder Content Image

Kochie stunned at how George Lazenby scored 007 role

<p>George Lazenby, Australia's first and only actor to play the iconic role of James Bond, has shared how he scored the role of 007. </p> <p>The 82-year-old actor is travelling around Australia, revealing secret 007 stories on stage, along with a concert performance featuring all the famous songs from the James Bond movies.</p> <p>During his tour, Lazenby stopped by the <em>Sunrise</em> studios to share how he joined the elite list of Bond actors that include Roger Moore, Pierce Brosnan, Sean Connery and Daniel Craig.</p> <p>Chatting with Nat Barr and Kochie, he said it's all about who you know. </p> <p>“I started off with a friend of mine who wanted to be an actor and he had a date with a casting director, and he said ‘you’ve got to help me out, my girlfriend has come back into town’,” Lazenby said.</p> <blockquote class="twitter-tweet"> <p dir="ltr" lang="en">The only Aussie to ever play James Bond, George Lazenby, told Sunrise how the infamous Hollywood casting couch resulted in him landing the screen role of a lifetime playing super spy <a href="https://twitter.com/007?ref_src=twsrc%5Etfw">@007</a> <a href="https://t.co/hfqCrZbzWz">pic.twitter.com/hfqCrZbzWz</a></p> <p>— Sunrise (@sunriseon7) <a href="https://twitter.com/sunriseon7/status/1564855509261242369?ref_src=twsrc%5Etfw">August 31, 2022</a></p></blockquote> <p>“I went to meet the casting director, Maggie Abbott, who was the biggest agent in London at the time."</p> <p>“Then we went home, I won’t tell you what we did, but you can guess, and she was quite impressed.”</p> <p>“She had a casting couch?” Koch asked, stunned.</p> <p>“Uh, yes,” Lazenby replied.</p> <p>George was working as a model at the time, and said he had no intention of going into acting until Abbott tracked him down. </p> <p>Lazenby also admitted to turning down big money to continue on as Bond after his manager convinced him to follow Clint Eastwood’s path into westerns.</p> <p>The actor is <a href="https://concertworks.com.au" target="_blank" rel="noopener">touring Australia</a> performing songs made famous by the Bond franchise throughout September.</p> <p>He’ll be joined by <em>SAS Australia</em> contestant and <em>Australia’s Got Talent</em> winner Bonnie Anderson, and <em>The Voice Australia’s</em> Luke Kennedy.</p> <p><em>Image credits: Getty Images</em></p>

Movies

Placeholder Content Image

Savvy shopper reveals how to score free groceries at Coles and Woolies

<p>An Australian mum has shared her tips on snagging free groceries at the till. </p> <p>The woman from Sydney's north shore took to Facebook to reveal her secrets which managed to bag her a one kilogram tin of Milo and a roast chicken for free last week.</p> <p>“Is everyone aware of the Code of Scanning Practice 1984 at supermarkets?” she asked.</p> <p>“If the price on the shelf is lower than the price the item scans, you get it free."</p> <p>“Check your receipts before leaving [the] shop ladies. They have to refund [you] and give you [the] item."</p> <p>“I usually find two to three items every week!”</p> <p>The Scanning Code of Practice is a voluntary code that many supermarkets have signed up to, including Woolies, Coles, and some IGA and Aldi stores.</p> <p>Under the policy, if an item scans higher than what the shelf price says, the customer is entitled to receive the first item for free.</p> <p>Any subsequent item will be charged at the lower price.</p> <p>The code however, does exclude alcohol, tobacco and items without a barcode, while purchases disputed must be under $50. </p> <p>The policy is well detailed on Coles' website as part of its "promise on price scanning". </p> <div> <p>“If a single item scans at a higher price than the advertised or ticket shelf price for that item, we will give you that item free,” it says.</p> <p>Many people shared their experiences of utilising the policy on the Facebook post, while others shared times they have still been charged full price. </p> <p>“A lot of the time they think people don’t know this, and they will try to just change it to the shelf price,” someone said.</p> <p>“At the service desk, they have a Code of Scanning Practice brochure,” another wrote. “ If they try to argue, I whip it out of my purse.”</p> <p>“I never used to bother saying anything but got sick of getting ripped off at every shop,” someone else added.</p> <p><em>Image credits: Getty Images</em></p> </div>

Money & Banking

Placeholder Content Image

How to score a whole row of seats to yourself on a plane

<p dir="ltr">A seasoned traveller has shared her simple tricks for ensuring you get a whole row of seats to yourself on your next flight. </p> <p dir="ltr">Chelsea Dickenson, from London, shared a video to TikTok to tell her followers of the hack she uses when travelling in a pair. </p> <p dir="ltr">“Row to yourself travel hack. This actually works,” she said.</p> <p dir="ltr">According to Chelsea, when selecting your seats online, she suggests booking the aisle and the window, leaving the middle seat free in between you.</p> <p dir="ltr">“The theory here is that someone is much less likely to book a seat in between two strangers and they’ll opt for another row,” Chelsea said.</p> <p dir="ltr">“And even if they do book that middle seat, you can always ask them if they want the aisle or the window and it works out for everyone.”</p> <p dir="ltr">Chelsea suggested the best rows to book are “towards the back of the plane” because it “tends to work a bit better”.</p> <p dir="ltr">Testing out her own theory, Chelsea and her friend James booked the seats in row 13 on a flight. </p> <p dir="ltr">“I’ve gone for row 13 as lots of people think it’s unlucky,” she said.</p> <p dir="ltr">The video shows Chelsea and James waiting patiently in their seats before the cabin crew completed boarding.</p> <p dir="ltr">“Here we go, here’s the moment of truth,” she said.</p> <p dir="ltr">“Yes, the row is clear. We bloody smashed it.”</p> <p dir="ltr"><em>Image credits: Getty Images</em></p>

Travel Tips

Placeholder Content Image

10 Best Original Score winners that are worth watching for the soundtrack alone

<p>Films move us in many ways, whether it’s from incredible performances, striking cinematography or great storytelling. But there’s one component that strikes a chord in all of us: great music. From the looming danger of deep strings as a massive great white shark closes in, to the swelling chorus of violins as two lovers part on a runway in <em>Casablanca</em>, the film score has the power to move us, terrify us and even make us weep.</p> <p>While the Oscar for Best Original Score has had a few name changes over the years, it’s always been about the same thing: recognising the movie industry’s best musical talent. Some winners might not be in your daily rotation, but their scores stand the test of time, and continue to enchant listeners generations over.</p> <p><strong>The Sound of Music (1965)</strong></p> <p>What’s more iconic than Julie Andrews as Maria twirling on a mountaintop? Maybe a family of singing children bidding you farewell, or perhaps a Do-Re-Mi lesson in the idyllic countryside? Released in 1965 to both critical and commercial acclaim, <em>The Sound of Music </em>quickly became a phenomenon – and it’s not hard to see why.</p> <p>The film is chock full of hit after hit thanks to the incredible songwriting of Rodgers and Hammerstein, along with the help of Irwin Kostal’s screen arrangements. Give it a watch and you’ll likely be humming the tunes for days to come.</p> <p><strong>The Wizard of Oz (1939)</strong></p> <p>A lion, a scarecrow, a tin man and a girl from Kansas walk into Oz. This Technicolor wonder needs no introduction; from Dorothy’s dazzling red shoes to the terrifying flying monkeys and everything in between, it’s an established classic that’s ascended into a league of its own.</p> <p>While songs like “Over the Rainbow,” “We’re Off to See the Wizard,” and “Ding-Dong! The Witch Is Dead” have edged their way into the cultural zeitgeist – even for those unfamiliar with the source material – composer Herbert Stothart’s score helps flesh out L. Frank Baum’s fantastical world. It’s a beautifully moving and unabashedly classic Hollywood score.</p> <p><strong>West Side Story (1961)</strong></p> <p>Electrifying choreography, glorious set design and music that’s stood the test of time – Shakespeare, eat your heart out. This loose adaptation of <em>Romeo and Juliet</em> brings the Bard’s classic tragedy to 1950s New York City, freshly updated with prescient social commentary and enchanting work from Saul Chaplin, Johnny Green, Sid Ramin and Irwin Kostal.</p> <p>Despite deserved criticism for its flagrant use of Brown-face, <em>West Side Story</em> has remained a landmark entry in the musical film canon, and even inspired a remake that’s nominated for seven Oscars this year.</p> <p><strong>The Last Emperor (1987)</strong></p> <p>What happens when you combine the talents of a Japanese electronic-music pioneer, a celebrated Chinese composer and one of the most influential musicians to come out of New York City’s new wave scene? A score worthy of accompanying Bernardo Bertolucci’s sprawling epic!</p> <p>The film follows the life of China’s last emperor, Puyi, from his coronation at the age of two through to the cultural and political upheaval of China in the 20th century. Ranging from grand and bombastic to soft and serene, this Best Original Score is an incredibly moving component of an already-impressive film.</p> <p><strong>The Little Mermaid (1989)</strong></p> <p>Back in the ’80s, Disney was a far cry from the entertainment powerhouse of the present. Coming off of one of their biggest box office failures with 1985’s <em>The Black Cauldron</em>, the company needed a hit. Corporate restructuring eventually led the team to two prominent members of the Broadway music scene: Alan Menken and Howard Ashman – both of whom had made a name for themselves with <em>The Little Shop of Horrors</em>.</p> <p>Despite being his first foray into film, Menken helped usher in the Disney renaissance of the ’90s, pumping out a score filled to the brim with magic and wonder – thanks in part to infectious lyrics by Ashman.</p> <p><strong>Midnight Express (1978)</strong></p> <p>The orchestral score goes hand in hand with the Oscars, but every now and then something a little more experimental breaks through. Case in point: Italian electronic-music legend Giorgio Moroder’s synthesizer-heavy score for the 1978 prison-drama, <em>Midnight Express</em>.</p> <p>Moroder’s work with artists like Donna Summer helped pioneer an iconic sound of the late ’70s and ’80s, filled with grooving synth hooks and infectious beats. Look no further than the track “Chase” for a taste of Moroder’s magic; the frenetic melody puts you right in the middle of <em>Midnight Express</em>’s most nail-biting scene. While other artists at the time had dabbled with electronic film scores – like fellow Italian group Goblin and their work with horror legend Dario Argento – few achieved Midnight Express’s critical acclaim.</p> <p><strong>Purple Rain (1984)</strong></p> <p>In 1984, the world found out what it sounds like when doves cry. A landmark entry in the musician-turned-actor film canon, audiences delighted in seeing the mononymous superstar in his first acting role.</p> <p>Not only did the film lead to one of Prince’s most iconic – and unabashedly purple – outfits, it would also go on to be his best-selling album – and forever shape his legacy. With hits like “Let’s Go Crazy,” “When Doves Cry” and the titular “Purple Rain,” it may not be the typical Best Original Score recipient, but it’s certainly well deserved.</p> <p><strong>The Lord of the Rings: The Fellowship of the Ring (2001)</strong></p> <p>Adapting one of the most celebrated fantasy series in the history of literature was a tall order for director Peter Jackson and his creative team. While it had been done in the past with varied success, Jackson’s efforts led to one of the most successful film trilogies of all time.</p> <p>A large part of that success was due to the masterful work of Canadian composer Howard Shore. At times quaint and idyllic, grandiose and menacing, Shore’s score effortlessly provided a sonic backdrop for Middle Earth and all its inhabitants. Shore would also go on to win the same award two years later for his work on <em>The Lord of the Rings: The Return of the King</em> (2003).</p> <p><strong>The Social Network (2010)</strong></p> <p>If you went back to the ’90s and told moody teens that the guy from Nine Inch Nails would turn out to be one of the most exciting composers in Hollywood, they’d never believe you. Not only did <em>The Social Network</em>’s score mark an exciting development in Trent Reznor and Atticus Ross’s careers – the two having previously collaborated on a number of projects – the electronically driven tracks also helped carry the torch from Giorgio Moroder.</p> <p>This Best Original Score perfectly transplanted the sensibilities of Nine Inch Nails into a work that mirrored the story of Facebook’s contentious rise, and also gave a taste of the duo’s future success in Hollywood.</p> <p><strong>Star Wars (1977)</strong></p> <p>Ten words on a black background about a galaxy far, far away, followed by a brief pause. And suddenly, trumpets blaring triumphantly alongside two words in big yellow letters: Star Wars. It’s one of the most memorable intros in movie history, and one that still resonates with fans around the world.</p> <p>Taking inspiration from composers like Gustav Holst and his “The Planets” suite, alongside the swashbuckling scores of films like <em>The Adventures of Robin Hood </em>(1938), John Williams helped usher in a new era reminiscent of the golden age of Hollywood. These days, Star Wars is a cultural institution, and there’s no doubt that’s partly due to the unforgettable score.</p> <p><em>Image credits: Getty Images</em></p> <p><em>This article was originally published on <a href="https://www.readersdigest.com.au/true-stories-lifestyle/entertainment/10-best-original-score-winners-that-are-worth-watching-for-the-soundtrack-alone?pages=1" target="_blank" rel="noopener">Reader's Digest</a>. </em></p>

Music

Placeholder Content Image

Children whose parents smoke have lower test scores and more behavioural issues than kids of non-smokers

<p>Children whose parents smoke have lower academic test scores and more behavioural issues than children of non-smokers.</p> <p>These are the findings of our research published in the journal of <a href="https://www.sciencedirect.com/science/article/abs/pii/S1570677X21000022?via%3Dihub">Economics and Human Biology</a>. Smoking is prevalent in lower socio-economic groups whose characteristics (such as lower IQ and poorer motivation on average) <a href="https://pubmed.ncbi.nlm.nih.gov/29058397/">are correlated with</a> lower academic scores and more behavioural issues in children. This can bias the results as the sample of children whose scores are lower is no longer random.</p> <p>After addressing such concerns, our broad finding remained the same. Because of the model we used, this means there is a causal – rather than merely correlational – relationship between parental smoking and children’s academic scores and behavioural outcomes.</p> <h2>How we did our study</h2> <p>We used data from the <a href="https://growingupinaustralia.gov.au/">Longitudinal Study of Australian Children</a> (LSAC), which tracks children from birth to monitor their development and well-being. It also surveys them and their parents on a range of cognitive (such as academic) and non-cognitive (such as behavioural) performance measures, and records other data such as their NAPLAN test results.</p> <p>We wanted to find the effects of parental smoking on children’s cognitive and non-cognitive skills in early life – from 4-14 years old.</p> <p>We measured children’s cognitive skills using the given NAPLAN literacy and numeracy test scores in grades 3, 5, 7 and 9. We also used the Peabody Picture Vocabulary Test (PPVT), which is designed to measure a child’s knowledge of the meaning of spoken words and his or her receptive vocabulary. The test is carried out as part of the LSAC survey when the children are 4-9 years old.</p> <p>Non-cognitive skills include social behaviour, hyperactivity or inattention, and peer problems. We took the measures of these as reported by parents.</p> <h2>What we found</h2> <p>We found, across all measures of cognitive skills, children living with non-smoker parents had a higher average score than children living with at least one smoker parent. We found smoking can reduce academic scores by up to 3%.</p> <p><a href="https://images.theconversation.com/files/442417/original/file-20220125-13-t7tqwa.jpg?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=1000&amp;fit=clip"><img src="https://images.theconversation.com/files/442417/original/file-20220125-13-t7tqwa.jpg?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=754&amp;fit=clip" alt="Girl writing test at desk." /></a> <span class="caption">Kids’ test scores were lower if their parents were smokers than those of non-smoking parents.</span> <span class="attribution"><a href="https://www.shutterstock.com/image-photo/school-students-taking-exam-writing-answer-536624842" class="source">Shutterstock</a></span></p> <p>Likewise, we found children with at least one parent who smokes are likely to experience more behavioural issues. We found smoking can reduce behavioural scores by up to 9%.</p> <p>Our findings are consistent even when we look at mums’ and dads’ smoking behaviour separately. But the effect is stronger for mothers, as expected. Maternal smoking in pregnancy has <a href="https://jhu.pure.elsevier.com/en/publications/low-birthweight-preterm-births-and-intrauterine-growth-retardatio-3">direct effects</a> on the child’s brain development and birth weight. Pre-natal ill-health and sickness in early childhood may affect cognitive, social and emotional outcomes through poorer mental well-being.</p> <p>Second-hand smoke exposure at home can <a href="https://actbr.org.br/uploads/arquivo/659_Pesquisa_fumo_passivo_OMS_2010.pdf">also cause numerous health problems</a> in infants and children, such as asthma and ear infections. This could lead <a href="https://publications.aap.org/pediatrics/article-abstract/128/4/650/30703/School-Absenteeism-Among-Children-Living-With?redirectedFrom=fulltext">them to take more time out of school</a>.</p> <p>We used information on the number of school days missed because of health reasons and children’s physical health assessments in the LSAC survey to test whether parental smoking and absenteeism due to health were related.</p> <p>We found children from households with at least one smoker were more likely to have lower school attendance and poorer physical health, both of which have adverse consequences on their cognitive and non-cognitive development.</p> <p>Our findings did not change across various measures, such as the frequency or number of cigarettes parents smoked per day.</p> <p>But we did find parental smoking had a stronger influence on boys than girls. This is consistent with <a href="https://link.springer.com/article/10.1007/s11199-015-0509-6?email.event.1.SEM.ArticleAuthorContributingOnlineFirst&amp;error=cookies_not_supported&amp;error=cookies_not_supported&amp;code=8484cb89-b3f1-41ff-b1ce-6d9916f9aa2a&amp;code=70985a21-e7c8-490e-b579-58a8a7e6f6d7">growing evidence</a> that girls are more resilient to environmental pressures than boys.</p> <h2>How parental smoking affects kids’ skills: the three pathways</h2> <p><a href="https://images.theconversation.com/files/442419/original/file-20220125-27-1iaivrz.jpg?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=1000&amp;fit=clip"><img src="https://images.theconversation.com/files/442419/original/file-20220125-27-1iaivrz.jpg?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=237&amp;fit=clip" alt="Top of shopping trolley with woman's hand on it." /></a> <span class="caption">Spending on tobacco can leave less money for food.</span> <span class="attribution"><a href="https://www.shutterstock.com/image-photo/closeup-female-shopper-trolley-supermarket-92894512" class="source">Shutterstock</a></span></p> <p>There are three pathways through which parental smoking has an effect on children’s academic, social and emotional skills.</p> <p>The first is that the child’s health may already have been affected before birth if the mother was a smoker. And some other negative effects of ill health come from exposure to second-hand smoke, as described above.</p> <p>The second pathway for parental smoking affecting a child’s acquisition of cognitive and non-cognitive skills is through a reduction in household income. Tobacco spending can <a href="https://link.springer.com/article/10.2165/00148365-200403040-00009">displace spending on food, education and health care</a>.</p> <p>The third pathway is that children’s ability to develop skills <a href="https://www.econstor.eu/bitstream/10419/63853/1/321132386.pdf">depends on their parents’</a> cognitive and non-cognitive skills, which are determined by their own health and education. Parental smoking can <a href="https://www.ncbi.nlm.nih.gov/books/NBK53017/">affect their own well-being</a>, such as through impacting their respiratory health. This, in turn, <a href="https://www.econstor.eu/bitstream/10419/63853/1/321132386.pdf">can influence the way they parent</a>.</p> <p>Our findings highlight the role of the family environment in early childhood development, which sets the foundation for long-term health, as well as social and economic success. Campaigns, programs and policies aimed at reducing tobacco use should emphasise the inadvertent harm smoking habits can have on children’s present and future.<!-- Below is The Conversation's page counter tag. Please DO NOT REMOVE. --><img style="border: none !important; box-shadow: none !important; margin: 0 !important; max-height: 1px !important; max-width: 1px !important; min-height: 1px !important; min-width: 1px !important; opacity: 0 !important; outline: none !important; padding: 0 !important; text-shadow: none !important;" src="https://counter.theconversation.com/content/172601/count.gif?distributor=republish-lightbox-basic" alt="The Conversation" width="1" height="1" /><!-- End of code. If you don't see any code above, please get new code from the Advanced tab after you click the republish button. The page counter does not collect any personal data. More info: https://theconversation.com/republishing-guidelines --></p> <p><span><a href="https://theconversation.com/profiles/preety-pratima-srivastava-1138197">Preety Pratima Srivastava</a>, Senior Lecturer, <em><a href="https://theconversation.com/institutions/rmit-university-1063">RMIT University</a></em></span></p> <p>This article is republished from <a href="https://theconversation.com">The Conversation</a> under a Creative Commons license. Read the <a href="https://theconversation.com/children-whose-parents-smoke-have-lower-test-scores-and-more-behavioural-issues-than-kids-of-non-smokers-172601">original article</a>.</p> <p><em>Image: Shutterstock</em></p>

Family & Pets

Placeholder Content Image

Mining magnate scores dreamy island resort

<p><span style="font-weight: 400;">The buyer of a luxury Queensland resort on Lizard Island has finally been revealed to be mining magnate Andrew ‘Twiggy’ Forrest.</span></p> <p><span style="font-weight: 400;">Sitting in the Great Barrier Reef, the island is made up of three land parcels totalling 2000 hectares of land and lies 250 kilometres off the coast of Cairns.</span></p> <p><img style="width: 500px; height:281.25px;" src="https://oversixtydev.blob.core.windows.net/media/7845368/forrest1.jpg" alt="" data-udi="umb://media/7c34af85b7fd4b98ae54678b28193dcb" /></p> <p><em><span style="font-weight: 400;">Image: Delaware North</span></em></p> <p><span style="font-weight: 400;">Forrest and his wife Nicola purchased the land via their private investment property, but have revealed few details about the transaction.</span></p> <p><span style="font-weight: 400;">Last week, vendor SEA group confirmed the deal and revealed the final selling price.</span></p> <p><span style="font-weight: 400;">“The buyer has agreed to purchase the property located at Lizard Island, Queensland, Australia at an aggregate consideration of $42 million in cash,” the vendor </span><a rel="noopener" href="https://www.realestate.com.au/lifestyle/mining-billionaire-snaps-up-queensland-island-resort/" target="_blank"><span style="font-weight: 400;">said</span></a><span style="font-weight: 400;"> in a statement to investors.</span></p> <p><img style="width: 500px; height:281.25px;" src="https://oversixtydev.blob.core.windows.net/media/7845369/forrest2.jpg" alt="" data-udi="umb://media/661a4c450e7b43bcad6013c8453f83ab" /></p> <p><em><span style="font-weight: 400;">Image: Delaware North</span></em></p> <p><span style="font-weight: 400;">Delaware North holds the sublease on the island and operates a high-end resort that includes 40 rooms and villas, a restaurant, bar and day spa.</span></p> <p><span style="font-weight: 400;">The sale comes after Forrest purchased Olivia Newton-John’s wellness retreat in Byron Bay for a reported $30 million.</span></p> <p><span style="font-weight: 400;">Forrest, the former CEO of Fortescue Metals Group, is Australia’s second-richest person and has recently </span><a rel="noopener" href="https://www.abc.net.au/news/2021-10-10/qld-palaszczuk-andrew-forrest-hydrogen-gladstone/100527670" target="_blank"><span style="font-weight: 400;">revealed plans</span></a><span style="font-weight: 400;"> to build the world’s largest facility to produce green energy hydrogen.</span></p> <p><span style="font-weight: 400;">However, his most recent purchase is subject to approval by the Queensland Government.</span></p> <p><em><span style="font-weight: 400;">Image: Getty Images, Delaware North</span></em></p>

Real Estate

Placeholder Content Image

Michael Clarke scores luxe Vaucluse home

<p><span style="font-weight: 400;">Former Test cricketer Michael Clarke has </span><a rel="noopener" href="https://www.realestate.com.au/news/former-test-cricketer-michael-clarke-buys-13m-vaucluse-home/?rsf=syn:news:nca:news:spa:strap" target="_blank"><span style="font-weight: 400;">picked up a new property</span></a><span style="font-weight: 400;">, after putting down about $13 million on the Vaucluse home prior to auction.</span></p> <p><span style="font-weight: 400;">Clarke has recently been seen visiting the five-bedroom home, which had previously been sold for $9.5 million in 2019, with sources confirming he has purchased it.</span></p> <p><span style="font-weight: 400;">The “European-inspired” home is just a block away from the Fitzwilliam Rd mansion he had lived with his ex-wife Kyly.</span></p> <p><span style="font-weight: 400;">The Fitzwilliam property was sold in an under-the-table deal for $12 million in February, after the couple purchased it in 2014 for $8.3 million.</span></p> <p><span style="font-weight: 400;">Clarke’s newest property was scheduled for auction on Tuesday, September 14.</span></p> <p><span style="font-weight: 400;">Sitting on a 784 square-metre block, the property features a mineralised gas-heated tiled pool with a poolside cabana and two outdoor showers, and is just a short walk from three local beaches.</span></p> <p><span style="font-weight: 400;">Inside the home, there are four bathrooms, heated limestone floors, a custom-designed iron wrought staircase, and three gas fireplaces.</span></p> <p><span style="font-weight: 400;">The master suite comes with its own balcony, stone ensuite and dressing room.</span></p> <p><span style="font-weight: 400;">The home also boasts a formal lounge and dining room, as well as an upper-level reading room.</span></p> <p><em><span style="font-weight: 400;">Images: michaelclarkeofficial / Instagram, realestate.com.au</span></em></p>

Real Estate

Placeholder Content Image

Unbelievable deal: ALDI shopper scores lamb roast for under $1

<p><span style="font-weight: 400;">An ALDI customer has shared how she bought a lamb roast for just 83c and the unexpected reason why.</span></p> <p><span style="font-weight: 400;">Posting the story on the </span><a href="https://www.facebook.com/groups/1034012533313136"><span style="font-weight: 400;">ALDI Mums</span></a><span style="font-weight: 400;"> Facebook page, Monique said she was excited to pick up the dinner favourite at her local ALDI.</span></p> <p><span style="font-weight: 400;">The half leg of lamb was still four weeks out from its ‘best before’ date, so it wasn’t reduced because it was close to expiring.</span></p> <p><span style="font-weight: 400;">Upon closer inspection, the ALDI label shows that it had been incorrectly weighted at 68g.</span></p> <p><span style="font-weight: 400;">Seasoned ALDI shoppers estimate that a similar leg would weigh anywhere from 1.5kg to 2kg, with the error pricing it at well under 100g.</span></p> <p><span style="font-weight: 400;">“I was so excited about my bargain find today I knew you mums would appreciate it!” Monique wrote on the page.</span></p> <p><span style="font-weight: 400;">“I paid a whole 83c for this lamb roast today as it was marked and weighed wrong!”</span></p> <p><span style="font-weight: 400;">Monique said she even checked if the price was right with the checkout worker.</span></p> <p><span style="font-weight: 400;">“I was like so this is marked 83c, does that mean I get it for 83c? He went and spoke to his manager and they were like ‘Yeah we can’t charge you any more for it’.”</span></p> <p><span style="font-weight: 400;">Since it even scanned at 83c, Monique said, “I was like, ‘Yes! Get in my basket!’”</span></p> <p><span style="font-weight: 400;">Fellow shoppers were amazed by her good luck.</span></p> <p><span style="font-weight: 400;">“Lucky you, enjoy! Just about need a bank loan to buy any cuts of lamb these days!” one said.</span></p>

Food & Wine

Placeholder Content Image

They did it! Baby Dominic scores 60 years of free pizza

<p>Dominic Julian Lot came into the world at 1:47 am last Wednesday, weighing the same amount of approximately 23 garlic breads, at 3.9 kilograms.</p> <p>And while his arrival has left his parents overjoyed, they’re also celebrating another gift - 60 years of free pizza from Domino’s Pizza.</p> <p>The pizza chain was running a competition for their 60th birthday last Wednesday, and Clementine Oldfield and Anthony Lot were the lucky winners.</p> <p>The first baby to be born in Australia on that day called Dominic or Dominique would win the cash equivalent of a pizza a month, for six decades - $10,080.</p> <p>"My mother sent us a screenshot of the promo on Tuesday and we laughed it off thinking well that's kind of funny because he's coming today on Tuesday, not on Wednesday," Mr Lot told<span> </span><em>A Current Affair</em>.</p> <p>But baby Dominic had other plans, arriving in the early hours of Wednesday morning.</p> <p>The couple had already chosen the name Dominic when they first discovered Ms Oldfield was pregnant with a boy.</p> <p>"It's one of my favourite names since I was a little kid," Ms Oldfield said.</p> <p>"We both liked it and we struggled with finding names we both liked to be honest."</p> <p>Dominic’s grandmother Janine, and cousin Dominique had both alerted the couple to the competition.</p> <p>"I sent it to Anthony just as a joke saying 'here is some inspiration if you need any names or anything'," cousin Dominique said.</p> <p>"The next day found out that he was born and then he was called Dominic and it was just the best day ever because I've never met another little Dominic before."</p> <p>"We had a lot of people who were pretty disappointed wanting nine months so they could prepare a little bit better," CEO of Domino's Pizza, Australia and New Zealand, Nick Knight said.</p> <p>"But it was great to see that we were able to celebrate that so early on in the competition."</p> <p>A copy of the birth certificate was provided before the prize was awarded.</p>

Family & Pets

Placeholder Content Image

Hugh Jackman scores big as iconic brand comes home to Australia

<p>Hugh Jackman is set to pocket a whopping $10 million after mining magnate Andrew “Twiggy” Forrest has purchased the iconic Australian bootmaker RM Williams.</p> <p>Dr Forrest's investment fund Tattarang has bought 100 per cent of the company, and it includes Jackman’s five per cent ownership as a minority shareholders.</p> <p>It is reported that the sale price was less than half the original asking price for $190 million.</p> <p>RM Williams had been up for sale for almost 18 months after its Louis Vuitton owned parent company, L Catteron, began seeking buyers.</p> <p><img style="width: 500px; height: 281.25px;" src="https://oversixtydev.blob.core.windows.net/media/7838322/rm-williams.jpg" alt="" data-udi="umb://media/70076b780deb4555a34dc86144ebddc4" /></p> <p><em>Andrew Tiggy Forrest and wife Nicola Forrest.</em></p> <p>The Western Australian-based mining magnate said he is proud and humbled to be taking the iconic brand back in Australian hands.  </p> <p>“R.M. Williams is a quintessential Aussie brand with a long and proud history of high-quality Australian craftsmanship,” Dr Forrest said in a statement.</p> <p>“By bringing R.M. Williams back into Australian hands, we will ensure the Australian craftmanship continues to be loved and worn all around the world.</p> <p>“I've never forgotten the first time I pulled on a pair of RMs. To wear RMs is to wear the boots of the countless hard-working Australians that have come before us.”</p> <p><img style="width: 500px; height: 281.25px;" src="https://oversixtydev.blob.core.windows.net/media/7838320/hugh-jackman-rm-williams.jpg" alt="" data-udi="umb://media/4a9d5e496eaf4498b9b1d4e016134513" /></p> <p>His wife Nicola Forrest added “Andrew and I want to continue the legacy of this great company, and that means continuing to employ and support the Australians that have built and grown the brand.”</p> <p>RM Williams chief executive Raju Vuppalapati said he hoped the business would grow under Dr Forrest's ownership.</p> <p>“The RM Williams team and I look forward to Andrew and Nicola's stewardship as we enter the next exciting phase of surprising and delighting our consumers with hand-crafted products made in Australia,” he said.   </p> <p>RM Williams was founded in Adelaide in 1932 by bushman and entrepreneur Reginald Murray 'RM' Williams.</p> <p>The iconic boots are a popular item both locally and overseas, and the brand has stores in New York, London, New Zealand, and Scandinavia.</p> <p>Jackman will remain involved with RM Williams as an ambassador.</p>

Money & Banking

Our Partners