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Having the ‘right’ friends may hold the secret to building wealth, according to new study on socioeconomic ties

<div class="theconversation-article-body"><a href="https://theconversation.com/profiles/brad-cannon-2216202">Brad Cannon</a>, <a href="https://theconversation.com/institutions/binghamton-university-state-university-of-new-york-2252">Binghamton University, State University of New York</a> Having wealthy people in your social network significantly boosts the likelihood that you’ll participate in stock markets and savings plans, according to a new working paper I co-authored. My colleagues and I <a href="https://www.nber.org/system/files/working_papers/w32186/w32186.pdf">recently conducted research</a> on social finance to understand the ways in which social networks affect stock market participation and savings behavior. This is important because a substantial fraction of households in the U.S., particularly <a href="https://www.axios.com/2023/10/18/percentage-americans-own-stock-market-investing">lower-income families, do not own stocks</a>. Given that the total return to the U.S. stock market from 1980 through September 2024 has been over 12,000% – for example, US$1,000 <a href="https://ofdollarsanddata.com/sp500-calculator/">invested in the S&P 500</a> in 1980 would be worth $121,350 today – this creates a disparity in wealth for those who participate relative to those who do not. Understanding why some people invest and others don’t is important for addressing social concerns such as rising inequality. In our study, we looked at <a href="https://academic.oup.com/ej/advance-article/doi/10.1093/ej/ueae074/7720537">social capital</a>, which is a measure of the value that comes from being in a group or having dense social networks. Researchers have found that social capital can have positive impacts on individuals and communities, spurring innovation, <a href="https://www.nature.com/articles/s41586-022-04996-4">economic prosperity</a> and better health outcomes. We used friendship data from Facebook to measure different aspects of social networks by county in the U.S. We combined this data with tax information from the Internal Revenue Service about investments and savings. We found that in counties where friendships with prosperous individuals are more common, investment and savings tend to be higher. Moreover, we found that having these friendships with wealthy individuals plays a more important role in shaping financial behaviors than two other aspects of social capital we looked at in our study: having a tight group of friends and living in a community with strong civic engagement. Of course, making wealthy friends alone does not guarantee you’ll invest or save more. But perhaps knowing people who invest makes it less daunting and fraught, particularly if those friends can serve as a resource and sounding board. “Friends with Benefits: Social Capital and Household Financial Behavior” was co-authored by <a href="https://www.marshall.usc.edu/personnel/david-hirshleifer">David Hirshleifer</a> and <a href="https://hankamer.baylor.edu/person/joshua-thornton">Joshua Thornton</a>.<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/239370/count.gif?distributor=republish-lightbox-basic" alt="The Conversation" width="1" height="1" /> <a href="https://theconversation.com/profiles/brad-cannon-2216202">Brad Cannon</a>, Assistant Professor of Finance, <a href="https://theconversation.com/institutions/binghamton-university-state-university-of-new-york-2252">Binghamton University, State University of New York</a> Image credits: Shutterstock 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/having-the-right-friends-may-hold-the-secret-to-building-wealth-according-to-new-study-on-socioeconomic-ties-239370">original article</a>. </div>

Money & Banking

110-year-old woman reveals the secret to a long life

Perth woman Bridget Grocke, who has just celebrated her 110th birthday, has revealed the very Aussie secret to her longevity. Ms Grocke, who has lived through two World Wars, the Great Depression, the Space Race, and the Information Age, is officially one of Australia's oldest residents. For sixty years, she has credited her old age to one glass of Emu Export beer everyday, as she chose a glass of the Aussie tipple over a slice of cake at her birthday party on Wednesday. “If there was a whole heap of beer and I was asked which one is your favourite I’d have to say this,” she told 9News as she held a glass of bush chook in her hand. “I’ve always known it. It tastes good. Cheers to Emu Export.” Born in Western Australia on November 18th 1914, Bridget spent her early years in Kalgoorlie and moved all across WA as the family followed her father’s work as an engine driver. Then at the age of 18, she took the leap and moved to Perth on her own. Ms Grocke spent her years working in fashion and customer service, also building her own family of four children with her husband, Jim, who she married at St Joseph’s Catholic Church in Subiaco in 1942. Despite losing her husband in 1985 and two of her children, Ms Grocke is surrounded by the love of her remaining son and daughter, 10 grandchildren, and 10 great grandchildren. Other than one of her beloved beers a day, Ms Grocke attributed her long life to her loving family, and her word of advice to younger generations was “if you’re nice to people they will be nice to you”. Ms Grocke’s daughter Jan Robertson said her mother’s adventurous spirit and loving family had kept her young at heart. “Mum was very easy going and she was strict, of course, but she always gave you the right path,” she said. “She has always been well. The only thing she got done was her cataracts at 100, before that she hadn’t been in hospital since childbirth.” Image credits: Nine News <div class="more-coverage-v2" style="box-sizing: inherit; margin-bottom: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #e0e1e2; float: right; margin-left: 16px; max-width: 40%; padding: 16px 0px;"> </div>

Caring

105-year-old shares the secret to longevity

A 105-year-old woman has celebrated her birthday by sharing her two secrets for a long, prosperous and stress-free life. Kathleen Hennings, who lives in a care home in Cheltenham, England, celebrated her 105th birthday with her family, friends and other residents, as she shared some valuable life advice. Kathleen was born in 1919 and had a successful career as an accountant, spending her free time watching operas and ballets at London’s Royal Opera House. Reflecting on her many happy years, Kathleen revealed the secret to living a long life as, “Drink Guinness and don’t marry!” The centenarian was first introduced to Guinness by her parents and her brother, and quickly fell in love with the dark Irish stout, drinking it religiously throughout her life. This is not the first time Kathleen has offered up this advice, and as a result, was treated to some gifts from Guinness as a birthday present. Kathleen was given a hamper by Guinness with pint glasses, a kitchen apron, slippers, chocolates, and, of course, plenty of the famous Irish drink. Commenting on her special birthday, Kathleen said: “It was so nice to see my lovely friends and neighbours. I’ve been spoiled. Thank you so much.” Image credits: Facebook

Retirement Life

I spoke to 100 Japanese seniors, and learnt the secret to a good retirement is a good working life

<div class="theconversation-article-body"> <a href="https://theconversation.com/profiles/shiori-shakuto-1537774">Shiori Shakuto</a>, <a href="https://theconversation.com/institutions/university-of-sydney-841">University of Sydney</a> What makes a good retirement? I’ve <a href="https://www.pennpress.org/9781512827088/after-work/">been researching</a> the lives of “silver backpackers”: Japanese seniors who embark on a later-life journey of self-discovery. Many experienced Japan’s high-growth economy, characterised by rigid gender roles. For many men who worked as iconic cultural figures of <a href="https://en.wikipedia.org/wiki/Salaryman">sarariiman</a> (white collar workers), excessive working hours were normalised and expected. Their absence from home was compensated by their female partners, many full-time stay-at-home mothers. Entering their 60s meant either retirement from work, or children leaving home. For men and women, retirement is understood as an opportunity to live a life for themselves, leading to a journey of self-discovery. <h2>Dedicating life to work</h2> I interviewed more than 100 older Japanese women and men and found a significant disparity in the quality of life between them. Japanese retired men who led a work-oriented life struggled to find meaning at the initial stages of retirement. One man I spoke to retired at the age of 60 from a large trading company. He was a successful businessman, having travelled the world and held various managerial positions in the company. His wife looked after the children most of the time. They bought a house with a yard in a suburb so the children could attend a good school. It significantly increased his commute, and further reduced his time with children. He also worked on weekends. He barely had time to develop his hobbies or get to know his neighbours. He idealised his retirement as a time to finally spend with his family and develop his own hobbies. When he retired, however, he realised that he and his family didn’t have any common topics of conversation. Through decades of excessive hours spent at work away from home, the rest of the family established a routine that did not include him. Taking up new hobbies at the age of 60 was not as easy as he thought, nor was making new friends at this age. “I became a nureochiba,” he lamented. Nureochiba refers to the wet fallen leaves that linger and are difficult to get rid of. The term is commonly used to describe retired men with no friends or hobbies who constantly accompany their wives. The retirement for many former sarariiman was characterised by boredom – having nowhere to go to or having nothing to do. The sense of boredom led to a sense of isolation and low confidence in old age. Many older Japanese men I spoke to lament not having built a connection with their children or communities at a younger age. <h2>Dedicating life to family and community</h2> Older Japanese women I spoke with were more well-connected with their children and local communities in later life. Many were in regular contact with their children through visits, phone calls and messages. Some continued to care for them by providing food or by looking after grandchildren. Children very much appreciated them. Many older women who had been full-time stay-at-home mothers had already taken up hobbies or volunteering activities at community organisations, and they could accelerate these involvements in their old age. Even women who worked full-time seemed to maintain better connections with their family members because working excessively away from home was simply not possible for them. Older men relied on these women’s networks and activities conducted at the scales of home and communities – from caring for others to pursuing hobbies – to enact a meaningful retirement. The sense of connection with family and communities, not to mention their husbands’ reliance on them, led to a high confidence and wellbeing among older women. I saw many instances where older women preferred spending time with their female friends than their retired husbands and embarked on adventurous trips alone. One woman went on a three-month cruise alone. Feeling liberated, she sent a fax message to her husband from the ship: “When I get off this ship, I will devote the rest of my life to myself. You will have to take care of your own mother.” Upon disembarking, she moved to Malaysia to start her second life. <h2>The silver backpackers</h2> Malaysia has become a popular destination for silver backpackers looking to embark on a journey of self-discovery. Some travel as couples, while others go alone, regardless of their marital status. For many male silver backpackers I spoke to, moving to Malaysia offers a second chance at life to make new friends, find hobbies and, most importantly, start anew with their partners. For many female silver backpackers, visiting Malaysia means being able to enjoy an independent lifestyle while having the security of friends and family in Malaysia and Japan. The experiences of older Japanese men and women can be translated into the experiences of anyone who spent excessive hours at work and those who spent more time cultivating relationships outside of work. The activities of the latter group are not as valued in a society that narrowly defines productivity. However, my research shows that it is their activities that carry more value in old age. Are you under pressure to work long hours? If you can, turn off your phone and computer. Instead of organising events for work, organise a dinner with your family and friends. Take up a new hobby in your local community centres. You can change how you work and live now for a better old age.<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/238571/count.gif?distributor=republish-lightbox-basic" alt="The Conversation" width="1" height="1" /> <a href="https://theconversation.com/profiles/shiori-shakuto-1537774">Shiori Shakuto</a>, Lecturer in Anthropology, <a href="https://theconversation.com/institutions/university-of-sydney-841">University of Sydney</a> Image credits: Shutterstock 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/i-spoke-to-100-japanese-seniors-and-learnt-the-secret-to-a-good-retirement-is-a-good-working-life-238571">original article</a>. </div>

Retirement Life

Australia’s fertility rate has reached a record low. What might that mean for the economy?

<div class="theconversation-article-body"><a href="https://theconversation.com/profiles/jonathan-boymal-392960">Jonathan Boymal</a>, <a href="https://theconversation.com/institutions/rmit-university-1063">RMIT University</a>; <a href="https://theconversation.com/profiles/ashton-de-silva-3066">Ashton De Silva</a>, <a href="https://theconversation.com/institutions/rmit-university-1063">RMIT University</a>, and <a href="https://theconversation.com/profiles/sarah-sinclair-385470">Sarah Sinclair</a>, <a href="https://theconversation.com/institutions/rmit-university-1063">RMIT University</a> Australia’s fertility rate has fallen to a new <a href="https://www.abs.gov.au/statistics/people/population/births-australia/latest-release">record low</a> of 1.5 babies per woman. That’s well below the “<a href="https://pubmed.ncbi.nlm.nih.gov/7834459/#:%7E:text=PIP%3A%20Replacement%20level%20fertility%20is,of%202.1%20children%20per%20woman.">replacement rate</a>” of 2.1 needed to sustain a country’s population. On face value, it might not seem like a big deal. But we can’t afford to ignore this issue. The health of an economy is deeply intertwined with the size and structure of its population. Australians simply aren’t having as many babies as they used to, raising some serious questions about how we can maintain our country’s workforce, sustain economic growth and fund important services. So what’s going on with fertility rates here and around the world, and what might it mean for the future of our economy? What can we do about it? <h2>Are lower birth rates always a problem?</h2> Falling fertility rates can actually have some <a href="https://www.rand.org/content/dam/rand/pubs/monograph_reports/2007/MR1274.pdf">short-term benefits</a>. Having fewer dependent young people in an economy can increase workforce participation, as well as boost savings and wealth. Smaller populations can also benefit from <a href="https://www.sciencedirect.com/science/article/abs/pii/S0927537112000620.">increased investment</a> per person in education and health. But the picture gets more complex in the long term, and less rosy. An ageing population can strain pensions, health care and social services. This can hinder economic growth, unless it’s <a href="https://pubmed.ncbi.nlm.nih.gov/21302431/">offset by increased productivity</a>. Other scholars have <a href="https://www.gsb.stanford.edu/faculty-research/publications/end-economic-growth-unintended-consequences-declining-population">warned</a> that a falling population could stifle innovation, with fewer young people meaning fewer breakthrough ideas. <h2>A global phenomenon</h2> The trend towards women having fewer children is not unique to Australia. The global fertility rate has dropped over the past couple of decades, from 2.7 babies per woman in 2000 to <a href="https://www.macrotrends.net/global-metrics/countries/WLD/world/fertility-rate">2.4 in 2023</a>. However, the distribution is not evenly spread. In 2021, 29% of the world’s babies were born in sub-Saharan Africa. This is projected to <a href="https://www.healthdata.org/news-events/newsroom/news-releases/lancet-dramatic-declines-global-fertility-rates-set-transform">rise to 54% by 2100</a>. There’s also a <a href="https://onlinelibrary.wiley.com/doi/full/10.1002/psp.2720">regional-urban divide</a>. Childbearing is often delayed in urban areas and late fertility is more common in cities. In Australia, we see <a href="https://www.abs.gov.au/statistics/people/population/births-australia/latest-release#data-downloads">higher fertility rates</a> in inner and outer regional areas than in metro areas. This could be because of more affordable housing and a better work-life balance. But it raises questions about whether people are moving out of cities to start families, or if something intrinsic about living in the regions promotes higher birth rates. <iframe id="U1wEx" class="tc-infographic-datawrapper" style="border: 0;" src="https://datawrapper.dwcdn.net/U1wEx/1/" width="100%" height="400px" frameborder="0" scrolling="no"></iframe> <h2>Fewer workers, more pressure on services</h2> Changes to the makeup of a population can be just as important as changes to its size. With fewer babies being born and increased life expectancy, the proportion of older Australians who have left the workforce will keep rising. One way of tracking this is with a metric called the old-age dependency ratio – the number of people aged 65 and over per 100 working-age individuals. In Australia, this ratio is currently about 27%. But according to the latest <a href="https://treasury.gov.au/publication/2023-intergenerational-report">Intergenerational Report</a>, it’s expected to rise to 38% by 2063. An ageing population means greater demand for medical services and aged care. As the working-age population shrinks, the tax base that funds these services will also decline. Unless this is offset by technological advances or policy innovations, it can mean higher taxes, longer working lives, or the government providing fewer public services in general. <h2>What about housing?</h2> It’s tempting to think a falling birth rate might be good news for Australia’s stubborn housing crisis. The issues are linked – rising real estate prices have made it difficult for many young people to afford homes, with a significant number of people in their 20s <a href="https://pursuit.unimelb.edu.au/articles/more-australian-adult-children-are-living-with-their-parents-longer">still living with their parents</a>. This can mean delaying starting a family and reducing the number of children they have. At the same time, if fertility rates stay low, demand for large family homes may decrease, impacting one of Australia’s most significant economic sectors and sources of household wealth. <h2>Can governments turn the tide?</h2> Governments worldwide, including Australia, have long experimented with policies that encourage families to have more children. Examples include paid parental leave, childcare subsidies and financial incentives, such as Australia’s “<a href="https://theconversation.com/what-the-baby-bonus-boost-looks-like-across-ten-years-81563">baby bonus</a>”. Many of these efforts have had only limited success. One reason is the rising average age at which women have their first child. In many developed countries, including Australia, the average age for first-time mothers has surpassed <a href="https://www.aihw.gov.au/reports/mothers-babies/australias-mothers-babies/contents/overview-and-demographics/maternal-age">30</a>. As women delay childbirth, they become less likely to have multiple children, further contributing to declining birth rates. Encouraging women to start a family earlier could be one policy lever, but it must be balanced with women’s growing workforce participation and career goals. Research has previously highlighted the factors influencing fertility decisions, including levels of paternal involvement and workplace flexibility. Countries that offer part-time work or maternity leave without career penalties have seen a <a href="https://faculty.wcas.northwestern.edu/mdo738/research/Doepke_Hannusch_Kindermann_Tertilt_Handbook_23.pdf">stabilisation or slight increases</a> in fertility rates. <h2>The way forward</h2> Historically, one of the ways Australia has countered its low birth rate is through immigration. Bringing in a lot of people – especially skilled people of working age – can help offset the effects of a low fertility rate. However, relying on immigration alone is not a long-term solution. The global fertility slump means that the pool of young, <a href="https://www.imf.org/en/Publications/fandd/issues/2020/03/can-immigration-solve-the-demographic-dilemma-peri">educated workers from other countries</a> is shrinking, too. This makes it harder for Australia to attract the talent it needs to sustain economic growth. Australia’s record-low fertility rate presents both challenges and opportunities. On one hand, the shrinking number of young people will place a strain on public services, innovation and the labour market. On the other hand, advances in technology, particularly in artificial intelligence and robotics, may help ease the <a href="https://www.sciencedirect.com/science/article/abs/pii/S0164070420302020">challenges of an ageing population</a>. That’s the optimistic scenario. AI and other tech-driven productivity gains could reduce the need for large workforces. And robotics could assist in aged care, lessening the impact of this demographic shift.<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/241577/count.gif?distributor=republish-lightbox-basic" alt="The Conversation" width="1" height="1" /> <a href="https://theconversation.com/profiles/jonathan-boymal-392960">Jonathan Boymal</a>, Associate Professor of Economics, <a href="https://theconversation.com/institutions/rmit-university-1063">RMIT University</a>; <a href="https://theconversation.com/profiles/ashton-de-silva-3066">Ashton De Silva</a>, Professor of Economics, <a href="https://theconversation.com/institutions/rmit-university-1063">RMIT University</a>, and <a href="https://theconversation.com/profiles/sarah-sinclair-385470">Sarah Sinclair</a>, Senior Lecturer in Economics, <a href="https://theconversation.com/institutions/rmit-university-1063">RMIT University</a> Image credits: Shutterstock 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/australias-fertility-rate-has-reached-a-record-low-what-might-that-mean-for-the-economy-241577">original article</a>. </div>

Money & Banking

Elle Macpherson reveals secret battle with cancer

Elle Macpherson has revealed how she shunned the advice of dozens of doctors after being diagnosed with breast cancer seven years ago. The Aussie supermodel has revealed her health journey for the first time in her new memoir Elle: Life, Lessons, and Learning to Trust Yourself, sharing how she decided to forge her own path of wellness to tackle the disease. Speaking candidly about her health to Australian Women's Weekly, the 60-year-old said deciding to take a holistic approach to fighting cancer was “the hardest thing I have ever done”. After being diagnosed with breast cancer at the age of 53 after a lumpectomy, Macpherson's doctors recommended a mastectomy with radiation, chemotherapy, hormone therapy, plus reconstruction of her breast to fight the illness. “It was a shock, it was unexpected, it was confusing, it was daunting in so many ways,” she told the magazine. “It really gave me an opportunity to dig deep in my inner sense to find a solution that worked for me." “It was a wonderful exercise in being true to myself, trusting myself and trusting the nature of my body and the course of action that I had chosen.” The model instead opted for “an intuitive, heart-led, holistic approach” to treating her cancer that used a “combination of therapies and lifestyle changes to treat and heal the whole person”. “Saying no to standard medical solutions was the hardest thing I’ve ever done in my life,” she said. “But saying no to my own inner sense would have been even harder.” Elle said that she recognised that her approach to cancer isn't for everyone, but she felt the holistic approach was best for her overall health. “I came to the understanding that there was no sure thing and absolutely no guarantees. There was no ‘right’ way, just the right way for me”, she writes, according to Women’s Weekly. “Sometimes an authentic choice from the heart makes no sense to others … but it doesn’t have to. People thought I was crazy but I knew I had to make a choice that truly resonated with me. “To me, that meant addressing emotional as well as physical factors associated with breast cancer. It was time for deep, inner reflection. And that took courage.” Macpherson, who shares two sons, Flynn, 26, and Cy, 21, with former partner, Arpad Busson, said her medical decisions caused some tension in the family, admitting that her sons were skeptical of her choices. “Cy simply thought that chemo kills you. And so he never wanted me to do it because he thought that was a kiss of death,” she said. “Flynn, being more conventional, wasn’t comfortable with my choice at all. He is my son, though, and would support me through anything and love me through my choices, even if he didn’t agree with them.” Reflecting on her current health, Macpherson said, “In traditional terms, they’d say I’m in clinical remission, but I would say I’m in utter wellness. And I am." “Truly, from every perspective, every blood test, every scan, every imaging test … but also emotionally, spiritually and mentally — not only physically." Image credits: Instagram

Caring

Rod Stewart "puts the record straight" over family rift

Rod Stewart has taken to social media to hit back at the tabloids claiming his marriage to Penny Lancaster is on the rocks. The 79-year-old singer explained that he "wanted to put the record straight" and disputed the reports that his marriage is in trouble. "There is absolutely no rift between Penny and I and no disagreement over where we should reside, in fact it's the opposite," he wrote on Instagram. "We moved permanently back to our beloved Britain a year ago but are fortunate to also have homes in different countries, which we love to visit." "Originally we did think it made sense to sell our house in LA, but having spent a wonderful time there this summer with family and friends during my Vegas residency we realised that it makes sense to keep our house there," he explained. "Two of my eldest children still live in Celtic House (the LA residence)." <blockquote class="instagram-media" style="background: #FFF; border: 0; border-radius: 3px; box-shadow: 0 0 1px 0 rgba(0,0,0,0.5),0 1px 10px 0 rgba(0,0,0,0.15); margin: 1px; max-width: 540px; min-width: 326px; padding: 0; width: calc(100% - 2px);" data-instgrm-captioned="" data-instgrm-permalink="https://www.instagram.com/p/C_QbYc5gS_u/?utm_source=ig_embed&utm_campaign=loading" data-instgrm-version="14"> <div style="padding: 16px;"> <div style="display: flex; flex-direction: row; align-items: center;"> <div style="background-color: #f4f4f4; border-radius: 50%; flex-grow: 0; height: 40px; margin-right: 14px; width: 40px;"> </div> <div style="display: flex; flex-direction: column; flex-grow: 1; justify-content: center;"> <div style="background-color: #f4f4f4; border-radius: 4px; flex-grow: 0; height: 14px; margin-bottom: 6px; width: 100px;"> </div> <div style="background-color: #f4f4f4; border-radius: 4px; flex-grow: 0; height: 14px; width: 60px;"> </div> </div> </div> <div style="padding: 19% 0;"> </div> <div style="display: block; height: 50px; margin: 0 auto 12px; width: 50px;"> </div> <div style="padding-top: 8px;"> <div style="color: #3897f0; font-family: Arial,sans-serif; font-size: 14px; font-style: normal; font-weight: 550; line-height: 18px;">View this post on Instagram</div> </div> <div style="padding: 12.5% 0;"> </div> <div style="display: flex; flex-direction: row; margin-bottom: 14px; align-items: center;"> <div> <div style="background-color: #f4f4f4; border-radius: 50%; height: 12.5px; width: 12.5px; transform: translateX(0px) translateY(7px);"> </div> <div style="background-color: #f4f4f4; height: 12.5px; transform: rotate(-45deg) translateX(3px) translateY(1px); width: 12.5px; flex-grow: 0; margin-right: 14px; margin-left: 2px;"> </div> <div style="background-color: #f4f4f4; border-radius: 50%; height: 12.5px; width: 12.5px; transform: translateX(9px) translateY(-18px);"> </div> </div> <div style="margin-left: 8px;"> <div style="background-color: #f4f4f4; border-radius: 50%; flex-grow: 0; height: 20px; width: 20px;"> </div> <div style="width: 0; height: 0; border-top: 2px solid transparent; border-left: 6px solid #f4f4f4; border-bottom: 2px solid transparent; transform: translateX(16px) translateY(-4px) rotate(30deg);"> </div> </div> <div style="margin-left: auto;"> <div style="width: 0px; border-top: 8px solid #F4F4F4; border-right: 8px solid transparent; transform: translateY(16px);"> </div> <div style="background-color: #f4f4f4; flex-grow: 0; height: 12px; width: 16px; transform: translateY(-4px);"> </div> <div style="width: 0; height: 0; border-top: 8px solid #F4F4F4; border-left: 8px solid transparent; transform: translateY(-4px) translateX(8px);"> </div> </div> </div> <div style="display: flex; flex-direction: column; flex-grow: 1; justify-content: center; margin-bottom: 24px;"> <div style="background-color: #f4f4f4; border-radius: 4px; flex-grow: 0; height: 14px; margin-bottom: 6px; width: 224px;"> </div> <div style="background-color: #f4f4f4; border-radius: 4px; flex-grow: 0; height: 14px; width: 144px;"> </div> </div> <p style="color: #c9c8cd; font-family: Arial,sans-serif; font-size: 14px; line-height: 17px; margin-bottom: 0; margin-top: 8px; overflow: hidden; padding: 8px 0 7px; text-align: center; text-overflow: ellipsis; white-space: nowrap;"><a style="color: #c9c8cd; font-family: Arial,sans-serif; font-size: 14px; font-style: normal; font-weight: normal; line-height: 17px; text-decoration: none;" href="https://www.instagram.com/p/C_QbYc5gS_u/?utm_source=ig_embed&utm_campaign=loading" target="_blank" rel="noopener">A post shared by Sir Rod Stewart (@sirrodstewart)</a> </div> </blockquote> He ended the message saying he could not be more in love with his wife after almost three decades together. "Penny and I could not be more in love with each other after 27 glorious years. Please trust me on this..... there's no disharmony in our marriage. "Rod 'a very lucky man' Stewart." Fans praised the rockstar for standing up to the media. "It was none of our business and I’m sorry you had to stand up for yourself like this. Stronger together for sure!" one wrote. "Very sad when you have to put out statements like this because of intrusive media speculation. Glad you're both very happy and in love," another added. "As if you'd be silly enough to let Penny go!!! She's absolutely incredible and you are indeed a lucky guy ❤️ you make a wonderful couple, ignore the rubbish, you know the truth and that's all that matters!" a third commented. Images: Instagram

Relationships

The eye-watering cost of Karl Stefanovic's "highly secret" 50th birthday bash

Karl Stefanovic had a "highly secretive" birthday party in Saint-Tropez. France, according to Women's Day. The Today host, who was in Paris to cover the Olympic games earlier this month, reportedly booked out an entire hotel for his 50th birthday bash. A source claimed that his party cost a staggering $200,000, with A-listers James Packer and Anthony Bell among the guests. "He'd be thinking you only turn 50 once so let's do this properly and go big!" the insider claimed. "Much like the $50,000 he dropped for (wife) Jasmine's 40th earlier this year, and the rumoured $10,000 birthday parties they have hosted for their four-year-old daughter Harper," they continued. "And then there was their $700,000 lavish Mexican nuptials - Karl has never done anything half-baked!" The party was allegedly 1970s themed, with Stefanovic's wife also showing off her new designer dresses. This comes after it was initially reported that Stefanovic was set to cancel his planned 50th birthday bash in Paris. Earlier this year, the Today host was reported to have spent a whopping $50,000 on his wife's lavish birthday celebrations in Noosa, according to the publication. Jasmine's entire look alone was worth an eye-watering $5,575, with her gown from Zimmermann costing $1,950. The party reportedly lasted for about two days, with a "recovery shindig" allegedly worth $10,000 also taking place. A close friend of the couple said at the time that "Karl is an old romantic" and was more than happy to treat his wife to a lavish birthday. Images: Instagram

Money & Banking

Australia’s gender pay gap has hit a record low – but we still have work to do

<div class="theconversation-article-body"><a href="https://theconversation.com/profiles/leonora-risse-405312">Leonora Risse</a>, <a href="https://theconversation.com/institutions/university-of-canberra-865">University of Canberra</a> Australia’s gender pay gap – a key measure of economic inequality between men and women – has fallen to a record low of 11.5%. That’s down from 13% this time last year, the steepest annual fall since 2016. Ten years ago, it was almost 19%. The latest figures are great news for our economy and our society – evidence we’re getting better at recognising and fairly valuing women’s capabilities and contributions. More opportunities are now open to women in the workforce, helping them gain and retire with greater financial independence than in previous decades. But national averages don’t tell the whole story. While gender pay gaps have fallen in some industries, they’ve also been rising in others. Today, August 19, is <a href="https://www.wgea.gov.au/pay-and-gender/equal-pay-day-2024">equal pay day</a>. This marks the 50 extra days past the end of the last financial year that Australian women would need to work for their earnings to match those of their male colleagues. This offers us a timely opportunity to reflect on what exactly has driven this year’s improvement – and where we still have work to do. <h2>Women’s earnings picking up pace</h2> We calculate the gender pay gap by comparing the average weekly ordinary-time, full-time <a href="https://www.abs.gov.au/statistics/labour/earnings-and-working-conditions/average-weekly-earnings-australia">earnings</a> for men and women. In dollar terms, women are now earning $231.50, or 11.5%, less than men, on average, in their weekly full-time pay packet. <hr /> <iframe id="HwwJ5" class="tc-infographic-datawrapper" style="border: 0;" src="https://datawrapper.dwcdn.net/HwwJ5/1/" width="100%" height="400px" frameborder="0" scrolling="no"></iframe> <hr /> The recent narrowing is being driven by women’s average earnings growth picking up pace. This contrasts with <a href="https://www.abc.net.au/news/2018-10-02/fact-check-gender-pay-gap/10302358">earlier periods</a> in which the narrowing of the gap tended to be due to a slowdown in the growth of men’s earnings. <hr /> <iframe id="R7uFE" class="tc-infographic-datawrapper" style="border: 0;" src="https://datawrapper.dwcdn.net/R7uFE/1/" width="100%" height="400px" frameborder="0" scrolling="no"></iframe> <hr /> <h2>What’s behind the improvement?</h2> While changes in the gender pay gap reflect a range of economy-wide factors, the Albanese government has been quick to attribute the recent fall to the various <a href="https://www.linkedin.com/feed/update/urn:li:activity:7229747376511447040/">targeted actions</a> it has taken since coming to office. Let’s look at whether and how these actions have played a role. First, the government sought to make wage information more transparent. It <a href="https://theconversation.com/pay-secrecy-clauses-are-now-banned-in-australia-heres-how-that-could-benefit-you-195814">banned pay secrecy clauses</a> and now requires the gender pay gaps of all large companies in Australia to be <a href="https://theconversation.com/qantas-pays-women-37-less-telstra-and-bhp-20-fifty-years-after-equal-pay-laws-we-still-have-a-long-way-to-go-223870">publicly reported</a>. These reforms took effect from 2023, targeting private companies. The gender pay gap in the private sector, though higher to begin with, has fallen more swiftly than that of the public sector, suggesting these actions have had an effect. <hr /> <iframe id="ZKMdm" class="tc-infographic-datawrapper" style="border: 0;" src="https://datawrapper.dwcdn.net/ZKMdm/1/" width="100%" height="400px" frameborder="0" scrolling="no"></iframe> <hr /> Second, the government targeted gender-patterned biases in industrial relations – including the <a href="https://theconversation.com/50-years-after-equal-pay-the-legacy-of-womens-work-remains-118761">legacy effects</a> of past decisions – and instilled gender equity as a new objective of Australia’s Fair Work Act. The Fair Work Commission is now required to take gender equity into account in its wage deliberations, including its <a href="https://www.fwc.gov.au/documents/resources/2024fwcfb3500.pdf">minimum wage decision</a>. The government also introduced multi-employer bargaining in an attempt to strengthen workers’ bargaining capacity in female-concentrated sectors. The effects of these changes will continue to flow across the workforce as the Fair Work Commission undertakes its review of modern awards, prioritising those affecting <a href="https://www.fwc.gov.au/hearings-decisions/major-cases/gender-undervaluation-priority-awards-review">female-concentrated industries</a>. <figure class="align-right zoomable"><figcaption></figcaption></figure> And third, further addressing the historical undervaluation of “women’s work”, the government directly addressed low pay in female-concentrated sectors by supporting a pay rise for <a href="https://www.fairwork.gov.au/newsroom/news/15-per-cent-wage-increase-aged-care-sector">aged care workers</a>. Targeting the low pay and under-valuation of an industry that is about 87% female helped fuel the downward momentum in the overall gender pay gap. The government’s recently announced pay rise for <a href="https://ministers.education.gov.au/anthony-albanese/pay-rise-early-educators-while-keeping-fees-down-families">early childhood education and care workers</a> – a workforce that is around 95% female – will also target gender patterns in low pay once they come into effect. These government actions have been essential for undoing the gender biases embedded in existing systems. And they have complemented other initiatives that have taken effect in the past year, such as the <a href="https://www.respectatwork.gov.au/new-positive-duty-employers-prevent-workplace-sexual-harassment-sex-discrimination-and-victimisation">Respect At Work Act</a>, requiring employers to proactively stamp out sexual harassment. But there is still a way to go to keep closing the gender gaps across all parts of the workforce. <h2>Falling in some industries, rising in others</h2> Breaking down the gender pay gap in earnings by sector paints a more varied picture. In industries like construction, public administration and safety, and retail trade, it has fallen notably over the past two years. <hr /> <iframe id="poLND" class="tc-infographic-datawrapper" style="border: 0;" src="https://datawrapper.dwcdn.net/poLND/1/" width="100%" height="400px" frameborder="0" scrolling="no"></iframe> <hr /> But it remains high in industries like healthcare and social assistance, at over 20%, and finance and insurance at 18%. <hr /> <iframe id="6cLnT" class="tc-infographic-datawrapper" style="border: 0;" src="https://datawrapper.dwcdn.net/6cLnT/2/" width="100%" height="400px" frameborder="0" scrolling="no"></iframe> <hr /> In some industries, the gap has actually increased over the past two years. In arts and recreation services, as well as electricity, gas, waste and water services, it’s been continually rising. <hr /> <iframe id="M8fve" class="tc-infographic-datawrapper" style="border: 0;" src="https://datawrapper.dwcdn.net/M8fve/1/" width="100%" height="400px" frameborder="0" scrolling="no"></iframe> <hr /> <h2>That could reflect a bigger shift</h2> It’s important to interpret these figures carefully. In some instances, a widening of the gender pay gap can reflect a positive shift in an industry’s makeup, if it reflects more women joining a male-dominated sector at entry level, and growing a pipeline of senior women for the future. That’s why the Workplace Gender Equality Agency (WGEA) gives organisations a chance to explain these dynamics in their <a href="https://www.wgea.gov.au/about/our-legislation/publishing-employer-gender-pay-gaps">employer statements</a>, which are published on the WGEA website alongside organisations’ gender pay gaps. Over time, the entry of more women at the junior level can flow through to more gender balance as these women progress to senior and decision-making roles. The real test will be to ensure – by fostering more gender equitable, inclusive and respectful work cultures and systems – that they do.<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/236894/count.gif?distributor=republish-lightbox-basic" alt="The Conversation" width="1" height="1" /> <a href="https://theconversation.com/profiles/leonora-risse-405312">Leonora Risse</a>, Associate Professor in Economics, <a href="https://theconversation.com/institutions/university-of-canberra-865">University of Canberra</a> Image credits: Shutterstock 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/australias-gender-pay-gap-has-hit-a-record-low-but-we-still-have-work-to-do-236894">original article</a>. </div>

Money & Banking

Carrie Bickmore reveals secret 20-year health battle

Carrie Bickmore has broken down on-air as she candidly spoke about her 20-year battle with anxiety. The TV and radio host revealed she has secretly battled anxiety for the past two decades years, which often prompted panic attacks throughout her career while co-hosting Rove Live, The Project, and her current radio gig on the Hit Network’s Carrie & Tommy show. For the first time ever, Bickmore revealed the extent of her mental health battle in an emotional on-air discussion with co-host Tommy Little on Monday afternoon. “I’ve suffered from anxiety and panic attacks since I was about 20,” the 43-year-old began in the segment. “It’s hard, actually, to describe what I felt. It was like shame, I think, [also] embarrassment. I don’t think I really fully understood what was going on in my own head. I think talking about it almost made me feel more anxious, so I just kept it in my own head.” She admitted that while reflecting on her time on Rove Live between the years of 2006 and 2009, she realised she felt anxious most of the time. <blockquote class="instagram-media" style="background: #FFF; border: 0; border-radius: 3px; box-shadow: 0 0 1px 0 rgba(0,0,0,0.5),0 1px 10px 0 rgba(0,0,0,0.15); margin: 1px; max-width: 540px; min-width: 326px; padding: 0; width: calc(100% - 2px);" data-instgrm-permalink="https://www.instagram.com/reel/C-UlCAmPSap/?utm_source=ig_embed&utm_campaign=loading" data-instgrm-version="14"> <div style="padding: 16px;"> <div style="display: flex; flex-direction: row; align-items: center;"> <div style="background-color: #f4f4f4; border-radius: 50%; flex-grow: 0; height: 40px; margin-right: 14px; width: 40px;"> </div> <div style="display: flex; flex-direction: column; flex-grow: 1; justify-content: center;"> <div style="background-color: #f4f4f4; border-radius: 4px; flex-grow: 0; height: 14px; margin-bottom: 6px; width: 100px;"> </div> <div style="background-color: #f4f4f4; border-radius: 4px; flex-grow: 0; height: 14px; width: 60px;"> </div> </div> </div> <div style="padding: 19% 0;"> </div> <div style="display: block; height: 50px; margin: 0 auto 12px; width: 50px;"> </div> <div style="padding-top: 8px;"> <div style="color: #3897f0; font-family: Arial,sans-serif; font-size: 14px; font-style: normal; font-weight: 550; line-height: 18px;">View this post on Instagram</div> </div> <div style="padding: 12.5% 0;"> </div> <div style="display: flex; flex-direction: row; margin-bottom: 14px; align-items: center;"> <div> <div style="background-color: #f4f4f4; border-radius: 50%; height: 12.5px; width: 12.5px; transform: translateX(0px) translateY(7px);"> </div> <div style="background-color: #f4f4f4; height: 12.5px; transform: rotate(-45deg) translateX(3px) translateY(1px); width: 12.5px; flex-grow: 0; margin-right: 14px; margin-left: 2px;"> </div> <div style="background-color: #f4f4f4; border-radius: 50%; height: 12.5px; width: 12.5px; transform: translateX(9px) translateY(-18px);"> </div> </div> <div style="margin-left: 8px;"> <div style="background-color: #f4f4f4; border-radius: 50%; flex-grow: 0; height: 20px; width: 20px;"> </div> <div style="width: 0; height: 0; border-top: 2px solid transparent; border-left: 6px solid #f4f4f4; border-bottom: 2px solid transparent; transform: translateX(16px) translateY(-4px) rotate(30deg);"> </div> </div> <div style="margin-left: auto;"> <div style="width: 0px; border-top: 8px solid #F4F4F4; border-right: 8px solid transparent; transform: translateY(16px);"> </div> <div style="background-color: #f4f4f4; flex-grow: 0; height: 12px; width: 16px; transform: translateY(-4px);"> </div> <div style="width: 0; height: 0; border-top: 8px solid #F4F4F4; border-left: 8px solid transparent; transform: translateY(-4px) translateX(8px);"> </div> </div> </div> <div style="display: flex; flex-direction: column; flex-grow: 1; justify-content: center; margin-bottom: 24px;"> <div style="background-color: #f4f4f4; border-radius: 4px; flex-grow: 0; height: 14px; margin-bottom: 6px; width: 224px;"> </div> <div style="background-color: #f4f4f4; border-radius: 4px; flex-grow: 0; height: 14px; width: 144px;"> </div> </div> <p style="color: #c9c8cd; font-family: Arial,sans-serif; font-size: 14px; line-height: 17px; margin-bottom: 0; margin-top: 8px; overflow: hidden; padding: 8px 0 7px; text-align: center; text-overflow: ellipsis; white-space: nowrap;"><a style="color: #c9c8cd; font-family: Arial,sans-serif; font-size: 14px; font-style: normal; font-weight: normal; line-height: 17px; text-decoration: none;" href="https://www.instagram.com/reel/C-UlCAmPSap/?utm_source=ig_embed&utm_campaign=loading" target="_blank" rel="noopener">A post shared by Carrie and Tommy (@carrietommyshow)</a> </div> </blockquote> “I just saw in the vision of me on Rove Live and all I could see was anxiety and I was just permanently in a state of panic on that show,” she told Little. “I saw that girl in the vision, and I just wanted to reach through the phone and hug her because I was like, oh my God, that was terrifying.” Bickmore said every time she did her regular segment on the show, she was on “the verge of a panic attack”, which became the norm “every single time I went on air in any capacity on TV and radio for a good decade”. “Sometimes, I’d have the panic attacks while I was on air reading the news and I would disguise it as shortness of breath or my quavering voice with coughs or laughs or technical difficulties,” she admitted. “I kind of never know when they were going to come, so I was constantly on alert – hyper vigilant, I guess – in case one was around the corner, so it’s just like all I could think about.” Bickmore revealed that her very first panic attack hit her when she was just 20 years old and was in the middle of a live radio bulletin n Perth radio station 92.9. “I had to stop reading the bulletin part the way through. I just pretended that I was having an asthma attack because I didn’t really know what to say. I didn’t really understand what had actually happened at that moment,” she recalled. Her private battle also got in the way of her career choices, with Bickmore initially wanting to turn down the hosting gig on The Project because she was “so scared of doing something new”. “There were so many jobs over the time that I’ve said no to and I look back and I think, ‘Oh my God, where could that have taken me?’ Incredible opportunities because I was worried that something would set me off and that I’d be humiliated forever,” she confessed. “But then I also look back and I think for some reason, sometimes I’d want to like lean into the challenge and, and my brain would say, ‘No, don’t let the anxiety win, like you can do this.’ And that’s why I said yes to The Project and ended up doing it for 14 years.” Carrie's honest admission was flooded with comments of support form her famous friends and colleagues, with Dannii Minogue writing, "Wow this has just blown my mind. I have been in your presence many times during live broadcast and you absolutely rule. Your laughs and stops draw us all in. What a brave conversation and it will help so many people. Well done." Image credits: Instagram / HIT FM

Mind

"All or nothing": Arisa Trew shatters records to become Australia's youngest Olympic Gold Medallist

Arisa Trew from the Gold Coast has made history by becoming Australia's youngest-ever medallist, clinching gold in the women's park skateboarding final at the Paris 2024 Olympics. At just 14 years and 90 days old, Trew has broken a 68-year-old record, previously held by swimmer Sandra Morgan from the Melbourne 1956 Olympics. Born on May 12, 2010, Trew is too young to vote, drink or even stay at the Olympic village. However, these limitations did not hinder her from delivering an extraordinary performance when it mattered most. Heading into her third and final run, Trew was in the bronze medal position and poised for a podium finish. However, her most impressive performance was yet to come. "My coach, Trev, he was just like, 'you've just got to go all out," she told Nine News after being crowned champion. "And I was just like, 'yep, who cares? Just all or nothing.'" With a remarkable score of 93.18 in her final run, Trew soared into the top spot. She then faced a tense wait as the higher-qualified skaters attempted to surpass her score. Despite the pressure, Trew showed sportsmanship by cheering on her competitors. After clinching the gold, the young athlete said, “I got told by a few people that I’m Australia’s youngest gold medallist, which is, like, pretty insane and really cool, because that’s, like, who I’m representing and, like, it’s just amazing. “It’s just, like, super cool that I have won the gold medal because it has been like a dream. I’m just, like, so excited.” This victory makes Trew Australia's youngest-ever medallist. The previous record had stood for 68 years since Sandra Morgan won gold in the women's 4x100m freestyle relay at the age of 14 years and 184 days. Trew, at 14 years and 90 days, has also become the youngest athlete to medal at Paris 2024 so far. Images: Nine News

International Travel

Rod Stewart shares the secret to a perfect marriage

Rod Stewart has shared the secret behind his 17-year marriage with Penny Lancaster, and how the couple continue to make their relationship work. Chatting candidly with <a href="https://www.hellomagazine.com/celebrities/704566/rod-stewart-penny-lancaster-secret-to-their-happy-marriage/" target="_blank" rel="noopener">Hello!</a> magazine, Stewart, 79, and Lancaster, 53, shared their ultimate secret to a happy and prosperous marriage. "We love life and make date nights for one another, among touring and family time," the rockstar told the publication. "We listen to each other and try to resolve all our disagreements, the dirty laundry as Penny says, right away, and before we go to bed." After a career spanning 62 years, Stewart says he has no desire to slow down and stop performing, while his wife says she admires her husband's drive and work ethic. "He loves what he does so much and will never retire. He's a workaholic and constantly on the move," she said. Stewart went on to say that despite his love of performing, he has learned to balance work and family. "I used to be much more preoccupied with myself and my career. But I've learnt from my mistakes and am more present," he said. The couple first met when Lancaster when she was hired to photograph Stewart on a tour in the '90s. "When we first met, I got her phone number – I had just broken up. I gave it to the bass player … and he kept it for six months," Stewart said in a <a title="2015 interview" href="https://www.youtube.com/watch?v=POEc1TlDLSk" target="_blank" rel="noopener">2015 interview</a>. He eventually called her and they began dating for several years before marrying in Italy on June 16th 2007. The couple now share two children, Alastair, 18, and Aiden, 13. Image credits: SplashNews.com/Shutterstock Editorial

Relationships

Secret transcripts from Jeffrey Epstein investigation finally released

Secret transcripts from the 2006 Grand Jury investigation into allegations of sex trafficking and rape against Jeffrey Epstein have been made public for the first time. On Monday, approximately 150 pages of unseen transcripts were released to the public, which were released weeks earlier than originally anticipated. “It is our hope that the release of these records gives peace of mind to our community and gives Jeffrey Epstein’s victims the closure they deserve,” Clerk of the Circuit Court in Palm Beach County, Florida, Joseph Abruzzo, said in a <a title="www.mypalmbeachclerk.com" href="https://www.mypalmbeachclerk.com/Home/Components/News/News/734/16" target="_blank" rel="noopener">press release</a>. In February, Florida Governor Ron DeSantis signed a bill that allowed the documents to be released, with the judge planning a hearing for next week to discuss when and how they would be released. “The details in the record will be outrageous to decent people,” Circuit Judge Luis Delgado wrote in his ruling. “The testimony taken by the Grand Jury concerns activity ranging from grossly unacceptable to rape – all of the conduct at issue is sexually deviant, disgusting, and criminal.” The transcripts detail a testimony in 2005, where an anonymous 17-year-old girl was approached by a friend who said she could make $US200 ($300) if she gave a massage “to a wealthy man in Palm Beach”. She went to his house and was led to a room by Epstein’s assistant, and was instructed to remove her clothes by the millionaire. According to Palm Beach Police Detective Joe Recarey’s testimony, Epstein told the girl he would pay her if she brought “girls” to his home, “And he told her, ‘the younger, the better’.” Over an undetermined amount of time, the girl brought six friends from her high school to Epstein’s home, including a 14-year-old girl. Following the Grand Jury investigation in 2006, Epstein took a plea deal with South Florida federal prosecutors in 2008. The deal, which has been criticised for being too lenient, allowed him to get away with several federal charges of abuse against underage girls if he pleaded guilty to Florida state charges, as he pleaded guilty to soliciting and procuring a minor for prostitution. Epstein was found dead in his jail cell in August 2019 after spending just over a month in custody as he awaited sentencing. Image credits: MGG/Shutterstock Editorial/Palm Beach County Circuit Court

Legal

"Love is love": Vietnam veteran reveals lifelong secret in obituary

A Vietnam veteran has kept a heartbreaking secret from his loved ones his entire life, and only revealed the truth in his obituary. Col. Edward Thomas Ryan died at the age of 85 in his home in Albany, New York, after serving as a firefighter in the city of Rensselaer for most of his life. In a final message to the world that he penned before succumbing to cancer, Ryan shared that he had always known he was gay, but was was “afraid of being ostracized" by his loved ones. "I must tell you one more thing. I was Gay all my life: thru grade school, thru High School, thru College, thru Life," he wrote in his obituary, published by the Albany Times Union. "I was in a loving and caring relationship with Paul Cavagnaro of North Greenbush," he confessed. "He was the love of my life. We had 25 great years together. Paul died in 1994 from a medical Procedure gone wrong. I'll be buried next to Paul." The former soldier, who served with the Army's 10th Brigade and received several military awards, including the National Defense Service Medal and the Defense of Liberty Medal "for participation to the State" following 9/11, explained that he had never revealed his secret out of fear of being disowned. "I'm sorry for not having the courage to come out as Gay. I was afraid of being ostracized: by Family, Friends, and Co-Workers," he recalled. "Seeing how people like me were treated, I just could not do it. Now that my secret is known, I'll forever Rest in Peace." Aside from serving in the war and being a firefighter, he was also one of the founders and owners of the local Albany radio station WGY-FM. Additionally, he was a chef at the East Greenbush, American Legion Post, and a lifelong member of the Vietnam Veterans of America. Ryan is survived by his 14 nieces and nephews who call him "Uncle Ed". His obituary has since gone viral and many have paid tribute to the Vietnam veteran on his obituary. "Col. Ryan. you lived your life with such bravery and carry it with you in the afterlife. I don't know if we will ever truly feel free. As a gay woman over 60, I struggle with this still. Half out and half in. Thank you for showing us the way to leave this life with dignity while being true to ourselves. The world needs more men like you. True hero," wrote one commenter. "Rest in Power Ed. Thank you for your service to your country. Thank you for the example of how much work we still need to do to honour and respect our brothers and sisters like you," added another. "Love is love. Glad you are finally reunited with yours and you are both resting in peace," wrote a third. "May you rest peacefully in the arms of your forever love. I'm so sorry that you never felt safe to be your authentic self. Your bravery followed you beyond death," added a fourth. "I hope Edward and Paul are reunited now, in love for eternity. Nobody should have to spend a lifetime hiding who they are and who they love," another commenter wrote. Image: Legacy.com

Relationships

Adorable Collie sells for world record-breaking price

A border collie has been sold for a world record-breaking amount at the Ray White Rockhampton Working Dog Sale and Trial. Helen and James Parker paid $40,000 for Liz, a border collie who they describe as the "whole package". The couple, who run a wagyu cattle farm in Monto, Queensland are keen to welcome the pup who will help them muster cattle as part of the day-to-day running of the farm. "We leave in the morning early, they might do three to four hours mustering in the morning, then we get the cattle to the yard and then in the afternoon we'll walk them away," Helen said. "Our mustering round's about a week, so all day for a week, so some big days and it's hot up here in summer so they need to be able to travel and follow us on a horse and big days in hot conditions so we can't do the job without them." Liz, who was raised by Joe Leven, is the second dog the couple have purchased from Joe, and they say the price was worth it. "We weren't planning on breaking records but we're happy to have her," Helen told 2GB's Ben Fordham. "She's the whole package, she's got breeding behind her, she has all herding ability, natural instinct. I just think she's a great asset to our team." Although Liz is an unusual name for a cattle dog, it is actually a tribute to the late Queen Elizabeth. "Joe named them and there's a bit of a story behind how Liz got her name. She was born the year that Queen Elizabeth passed away, so she's really upheld her name, she's the queen," Helen explained. The Rockhampton Working Dog trial and Sale was a success for Joe and Cabra Glebe Working Dogs, who managed to sell another dog, Jenny for $38,000. Image: Ray White Working dog sale Facebook

Family & Pets

Home and Away star's secret split

Ada Nicodemou has reportedly split from her partner Sydney businessman Adam Rigby, after eight years of dating. According to The Daily Telegraph, the actress quietly parted ways with her partner at the end of last year. “Everything is amicable,” a close friend of the couple told the publication. “They remain friends but decided to go their separate ways.” Nicodemou, known for her role as Leah on Home and Away, first met Rigby at a work event in 2016, who had no idea who she was as he never watched the iconic soap. The two then debuted their relationship at the Logie Awards in 2018. Although the actress has been protective and private about her personal life, she had previously gushed about Rigby and how he was a great stepdad to her son Johnas, who she shares with her ex-husband Chrys Xipolitas. “Adam and Johnas adore each other; he’s such a great stepdad and has really stepped up,” she told TV Week at the time. “For a man to come into my world and love a child as if he were his own – and love me like I’ve never been loved before – is incredibly special.” She had also featured Rigby on her Instagram a few times. News of the split comes weeks after Nicodemou's co-star and onscreen husband James Stewart split from his wife former Home and Away actress Sarah Roberts. Images: Instagram

Relationships

Teen with Down Syndrome sets new world record

A 19-year-old teen with Down Syndrome has conquered the London Marathon and became a Guinness World Record after just five months of training. Lloyd Martin from Cardiff completed the 42.1 km course across the capital with his mother cheering him on. Guinness World Record has awarded him the certificate for becoming the youngest person in his learning disability category to finish a marathon. "I'm so excited to run London. I love being fit and healthy and I want to make my family and friends proud," the teenager said. Mum Ceri Hooper also told the BBC how proud she was of her son's accomplishment. "In Lloyd's words, it's achieving his dream," she said. "Really anything is possible if you put your mind to it. With a bit of work, you can achieve it." Recalling the experience, the proud mum said: "He ran continuously for 14 miles which is the longest he's ever run before." Although Lloyd walked for a bit after his 14-mile-long streak, the crowd cheered him on every step of the way, and despite the challenge the mother-and-son duo had "a ball". The pair were at a loss for words when he finally crossed the finish line and they both "burst into tears." Lloyd is also now the third Welsh Special Olympics athlete to compete in the London Marathon. Prior to completing the world-famous marathon, Lloyed had completed an astonishing 30 Parkruns. Until last Christmas the teenager had never run further than three miles, but his mother was determined to get him marathon-ready. Ceri, who has taken on the London Marathon four times, created a specialised training regime for her son which included weekly runs. Lloyd managed to secure a spot in the marathon thanks to the help of the Special Olympics GB, where he is also a footballer and a gymnast. Images: Facebook/ Twitter

Caring

Centenarian blood tests give hints of the secrets to longevity

<a href="https://theconversation.com/profiles/karin-modig-1473484">Karin Modig</a>, <a href="https://theconversation.com/institutions/karolinska-institutet-1250">Karolinska Institutet</a> Centenarians, once considered rare, have become commonplace. Indeed, they are the <a href="https://www.weforum.org/agenda/2021/02/living-to-one-hundred-life-expectancy/">fastest-growing demographic group</a> of the world’s population, with numbers roughly doubling every ten years since the 1970s. How long humans can live, and what determines a long and healthy life, have been of interest for as long as we know. Plato and Aristotle discussed and <a href="https://pubmed.ncbi.nlm.nih.gov/12092789/">wrote about the ageing process</a> over 2,300 years ago. The pursuit of understanding the secrets behind exceptional longevity isn’t easy, however. It involves <a href="https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7105197/">unravelling the complex interplay</a> of genetic predisposition and lifestyle factors and how they interact throughout a person’s life. Now our recent study, <a href="https://link.springer.com/article/10.1007/s11357-023-00936-w">published in GeroScience</a>, has unveiled some common biomarkers, including levels of cholesterol and glucose, in people who live past 90. Nonagenarians and centenarians have long been of intense interest to scientists as they may help us understand how to live longer, and perhaps also how to age in better health. So far, studies of centenarians have often been small scale and focused on a selected group, for example, excluding centenarians who live in care homes. <h2>Huge dataset</h2> Ours is the largest study comparing biomarker profiles measured throughout life among exceptionally long-lived people and their shorter-lived peers to date. We compared the biomarker profiles of people who went on to live past the age of 100, and their shorter-lived peers, and investigated the link between the profiles and the chance of becoming a centenarian. Our research included data from 44,000 Swedes who underwent health assessments at ages 64-99 - they were a sample of <a href="https://pubmed.ncbi.nlm.nih.gov/28158674/">the so-called Amoris cohort</a>. These participants were then followed through Swedish register data for up to 35 years. Of these people, 1,224, or 2.7%, lived to be 100 years old. The vast majority (85%) of the centenarians were female. Twelve blood-based biomarkers related to inflammation, metabolism, liver and kidney function, as well as potential malnutrition and anaemia, were included. All of these <a href="https://www.nature.com/articles/s41591-019-0719-5">have been associated</a> with ageing or mortality in previous studies. The biomarker related to inflammation was uric acid – a waste product in the body caused by the digestion of certain foods. We also looked at markers linked to metabolic status and function including total cholesterol and glucose, and ones related to liver function, such as alanine aminotransferase (Alat), aspartate aminotransferase (Asat), albumin, gamma-glutamyl transferase (GGT), alkaline phosphatase (Alp) and lactate dehydrogenase (LD). We also looked at creatinine, which is linked to kidney function, and iron and total iron-binding capacity (TIBC), which is linked to anaemia. Finally, we also investigated albumin, a biomarker associated with nutrition. <h2>Findings</h2> We found that, on the whole, those who made it to their hundredth birthday tended to have lower levels of glucose, creatinine and uric acid from their sixties onwards. Although the median values didn’t differ significantly between centenarians and non-centenarians for most biomarkers, centenarians seldom displayed extremely high or low values. For example, very few of the centenarians had a glucose level above 6.5 earlier in life, or a creatinine level above 125. For many of the biomarkers, both centenarians and non-centenarians had values outside of the range considered normal in clinical guidelines. This is probably because these guidelines are set based on a younger and healthier population. When exploring which biomarkers were linked to the likelihood of reaching 100, we found that all but two (alat and albumin) of the 12 biomarkers showed a connection to the likelihood of turning 100. This was even after accounting for age, sex and disease burden. The people in the lowest out of five groups for levels of total cholesterol and iron had a lower chance of reaching 100 years as compared to those with higher levels. Meanwhile, people with higher levels of glucose, creatinine, uric acid and markers for liver function also decreased the chance of becoming a centenarian. In absolute terms, the differences were rather small for some of the biomarkers, while for others the differences were somewhat more substantial. For uric acid, for instance, the absolute difference was 2.5 percentage points. This means that people in the group with the lowest uric acid had a 4% chance of turning 100 while in the group with the highest uric acid levels only 1.5% made it to age 100. Even if the differences we discovered were overall rather small, they suggest a potential link between metabolic health, nutrition and exceptional longevity. The study, however, does not allow any conclusions about which lifestyle factors or genes are responsible for the biomarker values. However, it is reasonable to think that factors such as nutrition and alcohol intake play a role. Keeping track of your kidney and liver values, as well as glucose and uric acid as you get older, is probably not a bad idea. That said, chance probably plays a role at some point in reaching an exceptional age. But the fact that differences in biomarkers could be observed a long time before death suggests that genes and lifestyle may also play a role.<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/215166/count.gif?distributor=republish-lightbox-basic" alt="The Conversation" width="1" height="1" /> <a href="https://theconversation.com/profiles/karin-modig-1473484">Karin Modig</a>, Associate Professor, Epidemiology, <a href="https://theconversation.com/institutions/karolinska-institutet-1250">Karolinska Institutet</a> Image credits: Shutterstock 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/centenarian-blood-tests-give-hints-of-the-secrets-to-longevity-215166">original article</a>.

Retirement Life

Attempts to access Kate Middleton’s medical records are no surprise. Such breaches are all too common

<a href="https://theconversation.com/profiles/bruce-baer-arnold-1408">Bruce Baer Arnold</a>, <a href="https://theconversation.com/institutions/university-of-canberra-865">University of Canberra</a> The <a href="https://www.abc.net.au/news/2024-03-20/claim-hospital-staff-tried-to-access-kate-middleton-health-info/103608066">alleged</a> data breach involving Catherine, Princess of Wales tells us something about health privacy. If hospital staff can apparently access a future queen’s medical records without authorisation, it can happen to you. Indeed it may have already happened to you, given many breaches of health data go under the radar. Here’s why breaches of health data keep on happening. <h2>What did we learn this week?</h2> Details of the alleged data breaches, by <a href="https://www.mirror.co.uk/news/royals/breaking-kate-middleton-three-london-32401247">up to three staff</a> at The London Clinic, emerged in the UK media this week. These breaches are alleged to have occurred after the princess had abdominal surgery at the private hospital earlier this year. The UK Information Commissioner’s Office <a href="https://ico.org.uk/about-the-ico/media-centre/news-and-blogs/2024/03/ico-statement-in-response-to-reports-of-data-breach-at-the-london-clinic/">is investigating</a>. Its report should provide some clarity about what medical data was improperly accessed, in what form and by whom. But it is unlikely to identify whether this data was given to a third party, such as a media organisation. <h2>Health data isn’t always as secure as we’d hope</h2> Medical records are inherently sensitive, providing insights about individuals and often about biological relatives. In an ideal world, only the “right people” would have access to these records. These are people who “need to know” that information and are aware of the responsibility of accessing it. Best practice digital health systems typically try to restrict overall access to databases through hack-resistant firewalls. They also try to limit access to specific types of data through grades of access. This means a hospital accountant, nurse or cleaner does not get to see everything. Such systems also incorporate blocks or alarms where there is potential abuse, such as unauthorised copying. But in practice each health records ecosystem – in GP and specialist suites, pathology labs, research labs, hospitals – is less robust, often with fewer safeguards and weaker supervision. <h2>This has happened before</h2> Large health-care providers and insurers, including major hospitals or chains of hospitals, have a <a href="https://www.theguardian.com/australia-news/2023/dec/22/st-vincents-health-australia-hack-cyberattack-data-stolen-hospital-aged-care-what-to-do">worrying</a> <a href="https://www.afr.com/technology/medical-information-leaked-in-nsw-health-hack-20210608-p57z7k">history</a> of <a href="https://www.innovationaus.com/oaic-takes-pathology-company-to-court-over-data-breach/">digital breaches</a>. Those breaches include hackers accessing the records of millions of people. The <a href="https://www.theguardian.com/world/2022/nov/11/medical-data-hacked-from-10m-australians-begins-to-appear-on-dark-web">Medibank</a> data breach involved more than ten million people. The <a href="https://www.hipaajournal.com/healthcare-data-breach-statistics/">Anthem</a> data breach in the United States involved more than 78 million people. Hospitals and clinics have also had breaches specific to a particular individual. Many of those breaches involved unauthorised sighting (and often copying) of hardcopy or digital files, for example by nurses, clinicians and administrative staff. For instance, this has happened to public figures such as <a href="https://www.latimes.com/archives/la-xpm-2008-mar-15-me-britney15-story.html">singer</a> <a href="https://journals.lww.com/healthcaremanagerjournal/abstract/2009/01000/health_information_privacy__why_trust_matters.11.aspx">Britney Spears</a>, actor <a href="https://www.nytimes.com/2007/10/10/nyregion/10clooney.html">George Clooney</a> and former United Kingdom prime minister <a href="https://www.theguardian.com/uk-news/2024/mar/20/when-fame-and-medical-privacy-clash-kate-and-other-crises-of-confidentiality">Gordon Brown</a>. Indeed, the Princess of Wales has had her medical privacy breached before, in 2012, while in hospital pregnant with her first child. This was no high-tech hacking of health data. Hoax callers from an Australian radio station <a href="https://theconversation.com/did-2day-fm-break-the-law-and-does-it-matter-11250">tricked</a> hospital staff into divulging details over the phone of the then Duchess of Cambridge’s health care. <h2>Tip of the iceberg</h2> Some unauthorised access to medical information goes undetected or is indeed undetectable unless there is an employment dispute or media involvement. Some is identified by colleagues. Records about your health might have been improperly sighted by someone in the health system. But you are rarely in a position to evaluate the data management of a clinic, hospital, health department or pathology lab. So we have to trust people do the right thing. <h2>How could we improve things?</h2> Health professions have long emphasised the need to protect these records. For instance, medical ethics bodies <a href="https://www.bmj.com/content/350/bmj.h2255">condemn</a> medical students who <a href="https://www.abc.net.au/news/2014-04-14/picture-sharing-app-for-doctors-raises-privacy-concerns/5389226">share</a> intimate or otherwise inappropriate images of patients. Different countries have various approaches to protecting who has access to medical records and under what circumstances. In Australia, for instance, we have a mix of complex and inconsistent laws that vary across jurisdictions, some covering privacy in general, others specific to health data. There isn’t one comprehensive law and set of standards <a href="https://theconversation.com/governments-privacy-review-has-some-strong-recommendations-now-we-really-need-action-200079">vigorously administered</a> by one well-resourced watchdog. In Australia, it’s mandatory to report <a href="https://www.oaic.gov.au/privacy/notifiable-data-breaches">data breaches</a>, including breaches of health data. This reporting system is currently <a href="https://theconversation.com/governments-privacy-review-has-some-strong-recommendations-now-we-really-need-action-200079">being updated</a>. But this won’t necessarily prevent data breaches. Instead, we need to incentivise Australian organisations to improve how they handle sensitive health data. The best policy <a href="https://onlinelibrary.wiley.com/doi/full/10.1111/1475-4932.12693">nudges</a> involve increasing penalties for breaches. This is so organisations act as responsible custodians rather than negligent owners of health data. We also need to step-up enforcement of data breaches and make it easier for victims to sue for breaches of privacy – princesses and tradies alike.<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/226303/count.gif?distributor=republish-lightbox-basic" alt="The Conversation" width="1" height="1" /> <a href="https://theconversation.com/profiles/bruce-baer-arnold-1408">Bruce Baer Arnold</a>, Associate Professor, School of Law, <a href="https://theconversation.com/institutions/university-of-canberra-865">University of Canberra</a> 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/attempts-to-access-kate-middletons-medical-records-are-no-surprise-such-breaches-are-all-too-common-226303">original article</a>. Images: Getty

Legal

Princess Diana's brother reveals tragic secret

Charles Spencer has bravely detailed the alleged sexual abuse he experienced as a child. The younger brother of Princess Diana, now 59, initially made the revelation that he was abused as a child while in boarding school when he was 42. Now, the 9th Earl Spencer is recalling the alleged trauma in his new memoir A Very Private School, and the first moment he told anyone about the abuse he experienced. “I was doing a 10-day course of very deep introspection and therapy,” he told Fox News Digital. “My therapist said to each of us, ‘Whisper to me one secret you’d never told anyone.’ I whispered to him that I was sexually abused as a child by an adult. "And I remember him looking so shocked, and he had heard it all. Afterwards, he took me aside and said, ‘This is very serious stuff.’” He added that at that stage, he already had children, and having kids of his own made him realise how devastating his experience was. “I suddenly put it into context. What if one of my children of either gender had been subjected to this as an 11-year-old? It made my blood boil," he said. "I then started to allow myself to feel the full devastation of what had happened to me.” Spencer was eight when he was enrolled at Maidwell Hall, an elite English boarding school, and he claimed that it didn't take long for him to witness and experience incidents of alleged abuse. He claimed that he was groomed and sexually abused at age 11 by an assistant matron at the school, who was 19 or 20 years old. “It was a brutal experience,” he claimed in his memoir. “The headmaster was a sadistic pedophile. He staffed a very small number of teachers in this place who were either … perverted or would never tell tales against him. There wasn’t really anyone to go to.“ He added that the beatings had become "a ritual part of every day," and his parents had no idea the extent of what was going on behind closed doors. The royal also alleged that one student was whipped so badly he struggled to take off his pants at night because the dried blood and clothing stuck to his skin, and that it took two weeks for him to recover. Spencer claimed he was allowed to write a letter to his parents once a week, with the messages being supervised so he was unable to tell his parents what was going on. “We were just left there at the mercy of some really dangerous people,” Spencer alleged. He said that meeting with other former pupils was what motivated him to write the new memoir, and revisit the painful memories of his past. The historian recalled the moment he met another former student, who kept quiet about the abuse he experience because it was so traumatising. "He told me how he was made to feel worthless every day, how he’d been seriously sexually assaulted as a nine-year-old three times by somebody who was meant to protect him," he recalled. “I took 10 pages of notes, stopped and said, ‘This is too terrible — I can’t tell this story.’ He reached across, grabbed my arm and said, ‘Somebody has to do it – it’s got to be you.’ That convinced me, the truth needed to be shared with the world.” The 9th Earl also said that he is undergoing “a very effective” post-traumatic stress disorder treatment, as well as Tai Chi and breathing exercises. “I’ve got a whole armoury of support techniques to try and get to a better place,” he shared. Image: Getty

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Having the ‘right’ friends may hold the secret to building wealth, according to new study on socioeconomic ties

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105-year-old shares the secret to longevity

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Carrie Bickmore reveals secret 20-year health battle

"All or nothing": Arisa Trew shatters records to become Australia's youngest Olympic Gold Medallist

Rod Stewart shares the secret to a perfect marriage

Secret transcripts from Jeffrey Epstein investigation finally released

"Love is love": Vietnam veteran reveals lifelong secret in obituary

Adorable Collie sells for world record-breaking price

Home and Away star's secret split

Teen with Down Syndrome sets new world record

Centenarian blood tests give hints of the secrets to longevity

Attempts to access Kate Middleton’s medical records are no surprise. Such breaches are all too common

Princess Diana's brother reveals tragic secret

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