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Ace Daily News

FEATURED UKRAINE V RUSSIA WAR: Latest update reports from AP & Interfax

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#AceBreakingNews – Twenty-three killed, 28 wounded amid shelling of column of civilians at Zaporizhia exit – region’s head

09:5330.09.2022: One min read

Twenty-three killed, 28 wounded amid shelling of column of civilians at Zaporizhia exit – region’s head

According to preliminary information, 23 civilians were killed and 28 wounded as a result of shelling of a humanitarian convoy at the exit of Zaporizhia, said head of the Regional Military Administration Oleksandr Starukh.

“At present, it is known about 23 killed and 28 wounded. All civilians, our fellow countrymen. Burn in hell, damn ruscists!” he wrote on the Telegram channel.

KIYV, Ukraine (AP) — KYIV — Ukrainian officials say a Russian missile strike on the city of Zaporozhzhia has killed at least 23 people and wounded 28.

Live Updates: Russia-Ukraine War

Zaporizhzhia Regional Governor Oleksandr Starukh said in an online statement Friday that Russian forces targeted a humanitarian convoy heading to Russian-occupied territory. Online video purportedly of the site of the attack shows bodies lying motionless next to a cars with their windows blown out.

Starukh said those in the convoy planned to travel into Russian-occupied territory to pick up their relatives and then take them to safety. He said rescuers were at the site of the attack.

Kyrylo Tymoshenko, deputy head of the Ukrainian president’s office said four of 16 S-300 missiles that Russia launched struck a car market as well as an area where civilians had gathered leaving to pick up relatives.

Russia did not immediately acknowledge the strike that comes as Moscow prepares to annex four regions into Russia following an internationally condemned, Kremlin-orchestrated “referendum” vote.

Zaporozhzhia, the capital city of the Zaporozhzhia region, remains in Ukrainian hands. THe region’s Russian-occupied areas were included in the sham vote.

KEY DEVELOPMENTS:

— Russian strike kills 23 as Kremlin to annex Ukraine regions

— Russia opens more border draft offices amid call-up exodus

— Hundreds of kids from east Ukraine stranded in Russian camps

OTHER DEVELOPMENTS:

KYIV — Ukrainian officials in the Zaporizhzhia region have declared Oct 1 as a day of mourning for the 23 civilians who were killed following a Russia missile strike on the outskirts of Zaporizhzhia.

____

KYIV —: A Ukrainian official says there were no military facilities or equipment situated in the Zaporizhzhia area where Russia’s missile strikes killed 23 people and wounded 28.

Ukraine’s Parliamentary Commissioner for Human Rights Dmytro Lubinets said in an online statement there were “just cars and peaceful civilians” with women and children among them.

____

KYIV — Russian state media are accusing Ukraine of carrying out the Zaporizhzhia attack on its own citizens, without providing any evidence to support the claim.

Russian forces have repeatedly targeted Ukrainian civilians in the fighting since the war began in February.

____

KYIV — Russian-installed officials in the southern Kherson region said Thursday that a Ukrainian missile strike on the city of Kherson killed a deputy head of the region’s pro-Kremlin administration. A report in Russian state news agency RIA Novosti offered no details as to when the alleged strike took place, saying only that it hit the center of Kherson. Officials in Kyiv have not commented on the alleged attack.

____

KYIV — Russian and Western analysts say Ukrainian forces have likely encircled the Russian-occupied city of Lyman as Kyiv pushes on in an eastern offensive.

Lyman, a city some 160 kilometers (100 miles) southeast of Kharkiv, Ukraine’s second-largest city, had been a key node for ground communications and Russian military operations in the region.

Analysts said Friday it appears Russia faces a last stand with reservists and some tank units as Ukraine has cut off all routes out of the city.

2022-09-30 08:06:42

[Full Text]

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Ace Daily News

U.K FACT CHECKED ENERGY REPORT: PM Liz Truss Fact Checked After Interviews on BBC Radio

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#AceNewsDesk – Prime Minister Liz Truss was repeatedly questioned about problems facing the economy, during a series of interviews with BBC local radio stations.

By Reality Check team
BBC News

Truss is wrong to say energy bills capped at £2,500

It follows turmoil on the financial markets prompted by the government’s mini-budget. She spoke at length about government help with energy bills.

We’ve looked at some of her claims.

‘Through the energy price guarantee the maximum [energy bill] will be £2,500’

The prime minister incorrectly told more than one station that there would be a maximum energy bill of £2,500 after the energy price cap is lifted on 1 October.

That is not right – the energy price cap is the maximum amount that can be charged per unit of energy. 

The bill will be higher or lower depending on the amount of energy used.

The £2,500 is the maximum charge for the energy use of a typical household. Ms. Truss did tell some (but not all) of the radio stations that it was the maximum for a “typical bill”.

But a high energy user could end up spending considerably more.

Household energy use graphic
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Ace Breaking News

BREAKING U.K NEWS REPORT: UXB WW2 Bomb has been found in East Renfrewshire, prompting the closure of a railway line.

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#AceBreakingNews – Railway closed after WW2 bomb found at Barrhead building site

Springfauld Way
Police set up a cordon at Springfauld Way near Springfield Road

Police were called to a Taylor Wimpey construction site on Springfield Road, Barrhead – where new houses are being built – at about 10:00.

The railway line between Neilston and Muirend, near the site, was closed until 18:00, Network Rail said.

Police Scotland said the Explosive Ordnance Disposal (EOD) team had been contacted and the road had been closed.

The BBC understands the bomb had been dropped from a plane during World War Two and is around the size of a fire extinguisher.

The line between Neilston and Muirend was closed until 18:00

The large construction site has a number of unoccupied houses, but properties at one end of the site which are occupied have not been evacuated.

Taylor Wimpey said the bomb was found by groundworkers at the construction site.

A spokesperson said:

” The Ministry of Defence were called to carry out a controlled explosion to safely remove the ordnance from the site.

“Our first priority is the safety of our employees and subcontractors, as well as the general public in the surrounding area. 

“Following advice from the police, MOD and a specialist consultant, appropriate safety measures were put in place to allow them to deal with the unexploded ordnance safely and work has been cleared to resume on site.”

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English History

ENGLISH HISTORY 1866: First Female Doctor Elizabeth Garrett Anderson Set-Up All Women’s Hospital

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#AceHistoryDesk – Elizabeth Garrett Anderson was described in her time as a woman of indomitable will who did not suffer fools gladly. Her father was a prosperous businessman in Aldeburgh in Suffolk, who believed that girls should have as good an education as boys and she was educated at home with some teenage years at a boarding school for girls.

Medical pioneer: Elizabeth Garrett Anderson, c.1888.
Medical pioneer: Elizabeth Garrett Anderson, c.1888.

When Elizabeth decided she wanted to be a doctor, her father was supportive but her mother was horrified. Most doctors and surgeons did not want a woman joining their ranks.

Nor did medical colleges and her applications to teaching hospitals and universities were turned down. Sneaking in as a nurse at the Middlesex Hospital in London failed to work and she hit on becoming a licentiate of the Society of Apothecaries, which though less prestigious than an MD, or doctorate of medicine, would entitle her to be a practising physician. The Society shrank back in alarm, but her father threatened to sue it and she passed the exams in 1865. It then revised its rules to keep women out.

In 1866 Elizabeth opened the St Mary’s Dispensary for Women and Children in the Marylebone area of London, a hospital solely for women, staffed solely by women, which drew crowds of poor patients.

In 1870 she obtained the University of Paris’s first ever MD degree for a woman and in 1872 her Marylebone dispensary became the New Hospital for Women. In 1871, aged 34, Elizabeth married James George Skelton Anderson, head of a large shipping firm, who supported her belief in independence for married women. The barriers were giving way and in 1874 she helped to found the London School of Medicine for Women, where she taught for years.

Elizabeth also supported the suffragettes. In 1902 she and her husband retired to Aldeburgh, where she became mayor in 1908, the first woman mayor in Britain. When she died there in 1917 aged 81 her London hospital was renamed after her in her honour.

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World History & Research Reports

HISTORY TODAY: INAH REPORT: Archaeologists identify obsidian mines exploited by the people of Teōtīhuacān

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#AceNewsDesk – For thousands of years, people living in the Sierra de las Navajas have exploited the rare deposits of obsidian, a type of volcanic glass that is formed when lava extruded from a volcano cools rapidly with minimal crystal growth according to Published: 27, 2022

shutterstock 788556172
Header Image Credit : National Institute of Anthropology and History

Obsidian is produced from felsic lava, rich in the lighter elements such as silicon, oxygen, aluminium, sodium, and potassium. Due to the hard and brittle nature of the stone, it fractures to form extremely sharp edges, often used as cutting and piercing tools, instruments for worship, or for weapons manufacturing by the pre-hispanic groups living in the Americas.

INAH
Image Credit : National Institute of Anthropology and History

The deposits are located only 31 miles from the ancient city of Teōtīhuacān, for which researchers from the National Institute of Anthropology and History (INAH) have located more than 500 mine shafts in the Sierra de las Navajas, a mountain range located in the south-southeast of the state of Hidalgo in central Mexico.

Teōtīhuacān, named by the nahuatl-speaking aztecs, and loosely translated as “birthplace of the gods” is an ancient mesoamerican city located in the Teōtīhuacān valley. During phase II from AD 100 to 350, the city population rapidly grew into a large metropolis, partly due to the economic pull and opportunities a thriving urban settlement presented, but also based on environmental factors suggested by the eruption of the Xitle volcano, forcing the migration from other settlements out of the central valley.Teōtīhuacān – Image Credit : Shutterstock (Copyright)

It was during this phase that many of the most notable monuments within Teōtīhuacān were constructed, including: the Pyramid of the Sun (the third largest ancient pyramid after the Great Pyramid of Cholula and the Great Pyramid of Giza), the Pyramid of the Moon, the Avenue of the Dead, and the Ciudadela with the Temple of the Feathered Serpent Quetzalcoatl.

Among the mines discovered, identifying shafts that date from the Teōtīhuacān era presented challenges to the researchers, as many were reused or sealed during the Toltec exploitation of the region between AD 950 to AD 1150, and then during the period of the Triple Alliance by the three Nahua city-states: Mexico-Tenochtitlan, Tetzcoco, and Tlacopan during the 16th century AD.

By conducting an analysis of mined obsidian, as well as the discovery of ceramic pieces and architecture containing obsidian pieces that coincides with the Teōtīhuacān temporality, the researchers have been able to gain new insights into the daily operation of obsidian mining during the Teōtīhuacān era which were transported and refined in workshops.

“The main production in the deposits of the sierra were the preforms, and considering that Teōtīhuacān carving is very special, to the extent that a single wrong blow can ruin the raw material, it should have been more efficient to make the preforms in the deposit and finish the spikes in Teōtīhuacān”, said Alejandro Pastrana Cruz from the Directorate of Archaeological Studies of the National Institute of Anthropology and History.

INAH

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Archaeologists

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American History

#OTD 1789: Final day United States Congress passed an Act to Recognise & Adapt to the Constitution of the USA

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#AceHistoryDesk – Today in History – On September 29, 1789, the final day of its first session, the United States Congress passed “An act to recognize and adapt to the Constitution of the United States, the establishment of the troops raised under the resolves of the United States in Congress assembled.”

The act legalized the existing U.S. Army, a small force inherited from the Continental Congress that had been created under the Articles of Confederation.Infantry: Continental Army, 1779-1783, IV / H.A. Ogden; lith. by G.H. Buek & Co., N.Y. Henry Alexander Ogden, artist; c1897. Prints & Photographs Division

Although the Constitution of the United States charged Congress with raising and regulating military forces, newly elected House and Senate members delayed acting on this provision. Busy organising the federal government and debating the location of the new capital, Congress neglected dealing with the issue of military forces until prodded by President and Commander in Chief George Washington.

On August 7, Washington reminded both Houses that the provision for troops made under the Continental Congress must be superseded by action under the new Constitution. The establishment of United States troops was an issue, the president wrote:

…the national importance and necessity of which I am deeply impressed; I mean some uniform and effective system for the Militia of the United States. It is unnecessary to offer arguments in recommendation of a measure, on which the honor, safety and well being of our Country so evidently and essentially depend: But it may not be amiss to observe that I am particularly anxious it should receive an early attention as circumstances will admit; because it is now in our power to avail ourselves of the military knowledge disseminated throughout the several States by means of the many well instructed Officers and soldiers of the late Army; a resource which is daily diminishing by deaths and other causes.

George Washington to Congress, August 7, 1789, Indian Affairs. Series 2, Letterbooks 1754-1799. Letterbook 25, April 6, 1789 – March 4, 1791. George Washington Papers. Manuscript Divisionnone

Portrait of Henry Knox, Secretary of War. Constantino Brumidi, artist; photograph of painting by Lycurgus S. Glover, c1904 [painting in the President’s room of the United States Capitol]. Detroit Publishing Company. Prints & Photographs Division

This appeal, delivered by Secretary of War Henry Knox, was not immediately acted upon. Three days later, on August 10, Washington again urged Congress to address the issue. Finally, on September 29, 1789, the House of Representatives and the Senate passed the act that officially established the army under the Constitution of the United States.

Lieutenant John F. Kennedy: In October 1941, John F. Kennedy was appointed an ensign in the United States Naval Reserve, joining the staff of the Office of Naval Intelligence.

After entering the Motor Torpedo Boat Squadron Training Center in Melville, Rhode Island, he was promoted to the rank of lieutenant (junior grade) in October 1942, and shortly thereafter ordered to report for duty as commanding officer of a motor torpedo boat in Panama. Prior to his departure, playwright Clare Boothe Luce, a close friend of the Kennedy family, sent the young naval officer a good luck coin that once belonged to her mother. On September 29, 1942, Kennedy wrote to Luce thanking her for sharing such an important token with him.

John F. Kennedy, head-and-shoulders portrait,…] [between 1960-1970]. Prints & Photographs Division

I came home yesterday and Dad gave me your letter with the gold coin. The coin is now fastened to my identification tag and will be there, I hope, for the duration. I couldn’t have been more pleased. Good luck is a commodity in rather large demand these days and I feel you have given me a particularly potent bit of it.

Letter, John F. Kennedy to Clare Boothe Luce thanking the congresswoman for a good luck coin, 29 September [1942]. (Clare Boothe Luce Papers). Manuscript Division

Kennedy transferred to the Pacific theater in February 1943 and became commanding officer of PT109 in April, operating against the Japanese near the island of New Georgia in the Solomon Islands. On the night of August 1-2, Kennedy’s boat was rammed and cut in two by a Japanese destroyer. Although he was injured during the attack, Kennedy managed to locate one of his injured crew and lead him to safety; most of his crew survived. He later received the Navy and Marine Corps Medal for his heroism.

A few months later, Kennedy again wrote to Luce. With his note, he enclosed a gadget, originally intended to be a letter opener, made “from a Jap 51 cal. bullet and the steel from a fitting on my boat, part of which drifted onto an island.” He concluded his message with a word of thanks for Luce’s earlier gift:

With it goes my sincere thanks for your good-luck piece, which did service above and beyond its routine duties during a rather busy period.

John F. Kennedy to Clare Boothe Luce, October 20, 1943.Clare Boothe Luce Papers (correspondence, box 116). Manuscript Divisionnone

No stranger to the front line herself, Luce covered World War II as a journalist. She published Europe in the Spring, an anti-isolationist account of her experiences in embattled Europe, in 1940—in the early days of World War II.

Portrait of Clare Boothe Luce. Carl Van Vechten, photographer, Dec. 9, 1932. Van Vechten Collection. Prints & Photographs Division

Learn More

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Ace Daily News

FEATURED: Disabling of Nord Streams will allow US to increase LNG supplies to EU — Russian MFA Report

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#AceNewsDesk – Four Nord Stream gas pipeline leaks have been uncovered, with the most recent one being pinpointed by Sweden’s coast guard

MOSCOW, September 29. /TASS/. Putting the Nord Stream and Nord – 2 gas pipelines out of operation is beneficial to the United States, as it will allow Washington to increase supplies of liquefied natural gas (LNG) to Europe, Russian Foreign Ministry Spokeswoman Maria Zakharova told a briefing on Thursday.

“There was a clear winner here – that is Washington. The shutdown of gas pipelines, to briefly summarize what has been said by US officials over the past few years, will allow the US to increase LNG supplies to the EU,” she said.

Zakharova pointed at “slogans, appeals and talking points that have been spread by both parties – by both the Republicans and the Democrats,”and also “implemented by American officials over the past years.”

After all, Mr. Blinken (US Secretary of State Antony Blinken – TASS), you never concealed that the main goal is to cut Europe off from Russian energy resources, and now you don’t know who could profit from it. This is what you are after,” she added.

Four Nord Stream gas pipeline leaks have been uncovered, with the most recent one being pinpointed by Sweden’s coast guard. Earlier, the Nord Stream AG company reported that three threads of the Nord Stream 1 and 2 offshore gas pipelines had suffered unprecedented damage on Monday. Kremlin Spokesman Dmitry Peskov stated that Moscow was “deeply concerned about the news” and did not rule out that the pipelines’ operation could have been disrupted by an act of sabotage. Swedish seismologists later reported that two explosions had been recorded along the Nord Stream pipelines on Monday. Head of the European Commission, Ursula von der Leyen, branded the incident as “sabotage,” stressing that this sort of “deliberate disruption would result in the strongest possible response.”.

Nord Stream pipeline leaks into Baltic Sea create massive greenhouse gas release

Posted 16h ago, updated 13h ago

Play Video. Duration: 6 minutes
What do the Nord Stream pipeline gas leaks mean for Europe?

The suspected sabotage of the two Nord Stream pipelines is likely to be releasing five times the amount of methane into the atmosphere as the largest greenhouse gas release in US history. 

The leaks are pumping huge volumes of methane into the Baltic Sea and atmosphere, likely the largest such release on record, and far greater than the Aliso Canyon disaster.

It is also the equivalent of one third of Denmark’s total annual greenhouse gas emissions, according to a Danish official.

The dual pipes run from Russia to Germany, supplying much needed gas for heating and industry. However, they have been decommissioned by Russia for several weeks.

Explosions registered in Denmark, Norway and Finland shortly before the leaks were discovered. 

The Kremlin has been accused of causing the leaks, which will push up energy prices. 

“Whoever ordered this should be prosecuted for war crimes and go to jail,” Stanford University climate scientist Rob Jackson said.

Two scientists looked at the official, worst-case scenario estimates provided by the Danish government — 778 million cubic meters of gas — for The Associated Press.

Professor Jackson and retired chemical oceanographer David Hastings from Gainesville, Florida, each calculated that would be an equivalent of roughly half a million metric tons of methane.

The Aliso Canyon disaster in October 2015 released up to 100,000 metric tons of natural gas into the atmosphere. (The largest component of natural gas is methane.)

Nord Stream pipe leak ‘catastrophic for the climate’

Andrew Baxter — a chemical engineer who formerly worked in the offshore oil and gas industry and is now at the environmental group EDF — thought the Danish estimate was likely too high.

He had a more conservative estimate, but it was still more than double the Aliso Canyon disaster.

“That’s one thing that is consistent with these estimates. It’s catastrophic for the climate,” he said.The suspected sabotage highlights the vulernability of Europe’s energy infrastructure.(Reuters: Hannibal Hanschke)none

Danish Energy Agency head Kristoffer Böttzauw said emissions from the three leaks on the underwater Nord Stream 1 and 2 pipelines were equivalent to about 32 per cent of annual Danish carbon dioxide emissions.

Danish emissions in 2020 were about 45 million tonnes of CO2.

Methane seen bubbling at the ocean surface was an indication of “a strong upward flow”, according to Imperial College London’s Paul Balcombe, a member of the engineering faculty in the department of chemical engineering.

The loss of pressure in the pipes likely meant a large amount of gas had already been lost, he said.

Dr Balcombe said the effects were likely to be significant. 

“It would have a very large environmental and climate impact indeed, even if it released a fraction of this,” he said.

Methane is a major contributor to climate change and responsible for much of the current climate disruption.

It is 82.5 times more potent than carbon dioxide at absorbing the sun’s heat and warming the Earth.

On Sunday, Mr Böttzauw said that the agency believed half the gas had now leaked from one of the two pipes. 

“We are talking about a huge spill of several million cubic meters of gas,” he said.

“As long as there is gas, it dangerous to be there,” Mr Böttzauw said.

He did not say when experts would be able to go down below the surface and see the pipes, which lie on the sea bed between 70 and 90 metres deep.

AP/ABC/TASS/

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Ace Daily News

FEATURED AUSTRALIA: Eggs laid by Melbourne’s 367 Collins Falcon start to hatch after love triangle drama

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#AceNewsDesk – Victorian Peregrine Project founder Victor Hurley said cracks were spotted in one of the four eggs on Thursday morning and the chicks were expected to emerge in 28 to 48 hours’ time.

ABC NEWS REPORT

Peregrine falcon eggs laid at the top of a Melbourne high-rise have started to hatch as an audience of nearly 40,000 watches on social media.

Known as the 367 Collins Falcon, the birds have been nesting on the top of the 34-storey building on Collins Street since 1991.

Webcams were installed about five years ago and streamed online 24/7,  but it was Melbourne’s lockdowns that saw the birds gain a cult following.

Things had heated up last month when online discussions began buzzing about another male trying to make his presence felt around the nest.

Dr Hurley told ABC Radio Melbourne a second male was on the scene and he appeared to be quite meddlesome.

“I got a message from someone saying that her husband had seen a pair on the ground fighting down there by the Yarra River at Federation Square there,” he said.

“So they’ve had a crack and they haven’t decided who’s going to occupy the site.”

Interloper has ‘let the side down

Dr Hurley said it had been a while since original male was spotted.

“We have a first-time breeding female who laid the eggs that were fathered by the old male,” he said.

“He’s now gone from the scene, being chased off or killed by the new male, who hasn’t produced any of these eggs with her.”The bird’s original mate was pushed out by his aggressive rival, who doesn’t seem to suit fatherhood.(Facebook: Rowena Fullham/Mervac)none

He said the new male had really “let the side down” — the previous mate spent about 50 per cent of his daylight hours incubating the eggs, but the newcomer had not spent “as much as second” nest-sitting during the three-week incubation period.

“The male that disappeared, he’s about eight years old, possibly nine, so very experienced into the sixth season of breeding,” Dr Hurley said.

“He really understood the routine and what his job was, where he fitted in with the scheme of things.

“We’re at the stage now where she’s going to now stay very tight on the nest and she’s not going to let him near it until they’ve hatched.”

He said it was very likely all four eggs would hatch.

“I haven’t seen anything about their incubation that would suggest to me that one has had any less treatment than the other,” Dr Hurley said.Falcons have been nesting on the roof for about 30 years.(Facebook: Venetia Pereira)none

Flying the coop

Observers will not have to wait long to see whether the newcomer’s parenting skills are up to scratch, but it will only be about six weeks before the hatchlings leave the nest.

“The females will fledge about a week later — maybe 10 days because they’re 30 per cent bigger and it takes them a week to just grow those slightly larger wings to cope with their weight,” Dr Hurley said.

They will hang around until early summer while the adults teach the chicks to hunt.

“Once each of the individuals is successful in their first kill, the animals sort of register, ‘Right, OK — you’re good to go now, I won’t be providing you any more food’, so that’s a real milestone,” Dr Hurley said.

“Then sometime after that, it could be a few weeks or whatever, they will then chase them entirely out of the territory for life.”

The birds will move as far as 250 kilometres away from their nest to find their own breeding site and start the reproductive process for themselves at about two to three years of age.

ABC NEWS

#AceNewsDesk report ………..Published: Sept.29:  2022:

Editor says …Sterling Publishing & Media Service Agency is not responsible for the content of external site or from any reports, posts or links, and can also be found here on Telegram: https://t.me/acenewsdaily and all wordpress and live posts and links here: https://acenewsroom.wordpress.com/ and thanks for following as always appreciate every like, reblog or retweet and free help and guidance tips on your PC software or need help & guidance from our experts AcePCHelp.WordPress.Com

He probably ran away with a younger version 😁
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Ace Breaking News

‘ Ace News Room U.K Daily News Desk ‘

This is our daily post that is shared across Twitter & Telegram and published first on here with Kindness & Love XX on peace-truth.com/

#AceNewsRoom With ‘Kindness & Wisdom’ Sept, 29, 2022 @acebreakingnews

Ace News Room Cutting Floor 29/09/2022

Follow Our Breaking & Daily News Here As It Happens:

#AceDailyNews says here are today’s Newspaper Headlines: It all about ‘ Blunder Truss ‘ as ‘ Clueless PM ‘ as ‘ BOE Buys Gilt Bonds of Debt ‘ to avert a crisis in ‘ Debt Markets ‘ that affects people’s Pensions Kindness & Love XX says 🙏🙏’s to ‘ God For Common Sense ‘ to prevail Amen

The headline in the Mirror reads: "Blunder Truss: Clueless PM and Chancellor's tax cuts force bank bosses into £65bn bailout"
The economic turmoil following the government’s mini-budget continues to dominate the papers. The Mirror leads with the £65bn programme of bond-buying launched by the Bank of England on Wednesday, saying the intervention stopped the country’s pension funds “going bust” and that the whole episode has left Britain “on the brink”.
The headline in the Financial Times reads: "Bank of England unleashes £65bn bid to avert crisis in debt markets"
The Financial Times says the programme – which involves the injection of billions of pounds of newly-minted money into the economy – was intended to prevent a vicious cycle in which pensions funds have to sell bonds held as assets to pay their creditors, pushing the price further down and triggering more sell-offs. It quotes one senior banker saying: “I was worried [Wednesday] was the beginning of the end. It was not quite a Lehman moment. But it got close.”
The headline in the Sun reads: "Squeaky fund time: The day £1,000,000,000,000 was nearly wiped off our pensions"
“Squeaky fund time”, reads the headline in The Sun. The paper describes Wednesday as “the day £1,000,000,000,000 was nearly wiped off our pensions”.
The headline in the Telegraph reads: "Pension funds crisis forces £65bn bailout by Bank"
The Telegraph says the crisis has sparked public and private alarm among Tory back benchers, but that Downing Street has dismissed any suggestion the chancellor will have to resign. It also quotes Gerard Lyons, an economist and informal advisor to the prime minister, saying he warned both her and the chancellor about the need to “make sure the markets fully understood what they were doing and that they mustn’t spook the markets”.
The headline in the Guardian reads: "Bank's £65n scramble to avert financial crisis"
The prime minister is facing pressure from her MPs to sack the chancellor and reverse the abolition of the 45p tax rate because it has gone down badly with voters, the Guardian reports. The paper also quotes Labour leader Sir Keir Starmer accusing the government of “losing control of the economy” and calling for Parliament to be recalled ahead of the Conservative Party conference this weekend.
The headline in the i reads: "Emergency help from Bank saves pensions - with public sector cuts to follow"
Government departments have been ordered to draw up “efficiency plans” to help reduce the deficit, the i reports, adding that public sector cuts are now “on the way”.
The front page of the Star carries a picture of Chancellor Kwasi Kwarteng with a red nose. The headline reads: "So, does ANYONE have a clue what I'm doing?"
The Star carries a picture of Mr Kwarteng at a meeting with senior bankers, but with an added red nose. A speech bubble reads: “So, does ANYONE have a clue what I’m doing?”
The headline in the Metro reads: "Let Liz own the moment"
Former chancellor and runner-up for the Tory leadership Rishi Sunak will not attend the Conservative Party conference, the Metro reports. Mr Sunak said repeatedly during televised debates with Ms Truss that her economic plans were “irresponsible” and risked defeat at the next election. The paper quotes a source saying Mr Sunak wants to “give Truss all the space she needs to own the moment”. It is, the paper says, “a Rish best served cold”.
The headline in the Mail reads: "Prison x-ray finds phone hidden in Lawrence killer's body"
And the Mail reports that a smartphone allegedly used by David Norris, one of the killers of Stephen Lawrence, to send texts and selfies from his prison cell was found inside his body after an X-ray. The paper says specialist equipment was used to scan Mr Norris after it tipped off the Ministry of Justice and that a “large rectangle object” was located in an “intimate place”.

Most of the front pages feature the figure £65bn – the size of the package announced by the Bank of England on Wednesday to protect Britain’s pension funds. 

The Guardian says the emergency move was needed to halt what it calls a “doom loop” in the bond markets, and a 2008-style financial crisis, in the wake of last week’s mini-budget. 

A senior City banker tells the Financial Times that he thought Wednesday morning was “the beginning of the end” because there were no buyers for long-dated government bonds. “It was not quite a Lehman moment, ” he says, “but it got close”.

In its editorial, the paper says the central bank is having to pick up the pieces from what it calls a reckless mini-budget. It warns that while the Bank can prop up markets for now, the government must urgently restore Britain’s economic credibility. 

An external view of the Bank of England building

The Sun says markets were spooked by the decision to cut taxes for the richest, but that Prime Minister Liz Truss and Chancellor Kwasi Kwarteng have “inexplicably left a void for critics to fill” by not providing independent forecasts on the impact of the tax cuts. 

The Times describes the Bank’s action as highly unusual and says economists are warning the decision to buy billions of pounds of government debt could fuel inflation. The paper also says borrowers could have to prove that they can afford interest rates of up to 7% to qualify for a mortgage because markets now expect the Bank of England to increase the cost of borrowing further and faster, with the base rate forecast to peak at 5.5% next spring.

According to the i, Ms Truss and Mr Kwarteng now face “Tory fury”. The Telegraph says it has been told by a former Tory cabinet minister that the pair are pursuing a “cowboy-style economic policy”. The paper says Downing Street has dismissed any suggestion that Mr Kwarteng could resign. 

HM Queen Elizabeth II black line
#AceNewsDesk report ………..Published: Sept.29:  2022:

Editor says …Sterling Publishing & Media Service Agency is not responsible for the content of external site or from any reports, posts or links, and can also be found here on Telegram: https://t.me/acenewsdaily and all wordpress and live posts and links here: https://acenewsroom.wordpress.com/ and thanks for following as always appreciate every like, reblog or retweet and free help and guidance tips on your PC software or need help & guidance from our experts AcePCHelp.WordPress.Com

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Ace Daily News

FEATURED AUSTRALIA: QLD Premier Annastacia Palaszczuk announces $62b clean energy plan including ‘world’s largest pumped hydro energy storage

This is our daily post that is shared across Twitter & Telegram and published first on here with Kindness & Love XX on peace-truth.com/

#AceNewsRoom With ‘Kindness & Wisdom’ Sept, 29, 2022 @acenewsservices

Ace News Room Cutting Floor 29/09/2022

Follow Our Breaking & Daily News Here As It Happens:

#AceNewsDesk – Queensland will be home to the world’s “largest” pumped hydro scheme and stop “regular reliance” on coal by 2035, under a $62 billion energy plan announced by the Palaszczuk government.

The premier in a hard hat and fluro vest looking down at papers with a wind turbine in the background.
Queensland Premier Annastacia Palaszczuk has announced her government’s Queensland Energy and Jobs Plan.(AAP: Russell Freeman)none

Premier Annastacia Palaszczuk unveiled the state government’s new 10-year energy plan, which she said was estimated to support nearly 100,000 jobs by 2040, in her CEDA State of the State address.

She also said the state government’s new renewable energy targets — of 70 per cent by 2032 and 80 per cent by 2035 — will be legislated, and Queensland’s coal-fired powers stations will progressively become “clean energy hubs”.

“We must invest now. Not just for our climate,” she said.

“We must address this issue at the same time we focus on new job opportunities to bring everyone along with the clean energy industrial revolution at our doorstep.”

The $62 billion of investment up to 2035 would be between the public and private sectors, Ms Palaszczuk said, including a “new down payment [today] of $4 billion committed by our government over the next four years”.

The government said “just over half” of the $34 billion funding for the new power generation was expected to come from the state government.

“This will be factored into our borrowings and the modelling supports us,” she added.

Ms Palaszczuk said the Queensland government would like to see contributions from the federal government, especially on the hydro projects.

“We’ll be having detailed conversations with our colleagues, but my conversations with the prime minister are encouraging,” she said.

“Then, of course, looking at partnerships with the private sector.”

Project ‘bigger than Snowy Hydro’

The energy plan includes two pumped hydros by 2035: the first at Borumba Dam, and a second site, announced today, situated 70 kilometres west of Mackay.

Known as the Pioneer-Burdekin pumped hydro project, Ms. Palaszczuk said “I prefer to call it the battery of the north”.

“It will be the largest pumped hydro energy storage in the world, with 5 gigawatts of 24-hour storage and the potential for stage 1 to be completed by 2032,” she said.

“I would like you to picture that these combined projects would position Queensland’s hydro storage as a percentage energy use above Europe, China or the US.

“These are projects of national significance on a scale not seen since the construction of Snowy Hydro — bigger than Snowy Hydro.”

She also said there would be a new transmission “super grid” to connect renewable storage with established regional centres.

Currently about 21.4 per cent of electricity used in the state comes from renewables.

Ms Palaszczuk said the state could not reach net zero without storing renewable energy to make it reliable.

“And with climate change there will be more unseasonal rain and other weather events that impact on the reliability of renewables,” she said.

“These events can last for days — current battery technologies can’t at scale.

“That’s why more pumped hydro energy storage is needed.”

Both sites will be subject to environmental assessments.

Coal-fired power stations to become clean energy hubs

The state government will build transmission and training hubs in Gladstone and Townsville to support 570 workers each year.(ABC News: Christoper Gillette )none

Ms Palaszczuk said existing coal-fired power stations would gradually become clean energy hubs from 2027.

“Infrastructure at the clean energy hubs will include: continuing to use the large spinning turbines at the power stations to provide strength for the energy system to take more renewables; grid scale batteries; gas and then later hydrogen power stations; and maintenance hubs for nearby government-owned renewable wind and solar farms,” she said.

“That means that these energy hubs will continue to contribute to regional economies.”

She said the government would not convert coal power stations “until there is a replacement firmed generation”.Ms Palaszczuk says existing coal-fired power stations will gradually become clean energy hubs from 2027.(ABC News)none

Ms Palaszczuk also announced there would be an “energy workers charter and jobs security guarantee”, to ensure workers have the opportunity to continue their careers with publicly-owned energy businesses or elsewhere.

The government signed the charter this afternoon.

“The jobs security guarantee will be backed by a $150 million funding commitment,” she said.

“The guarantee will support workers with access to reskilling, transfer to new opportunities and advice on future career pathways.

She said these pathways could include work on the new super grid, jobs in maintenance hubs for renewables, and building and deploying flow battery technologies.

The state government would build transmission and training hubs in Gladstone and Townsville “that will support 570 workers each year”.

Ms Palaszczuk said modelling by Ernst and Young estimated that overall, the government’s energy and jobs plan “will support nearly 100,000 more jobs”.  

The government also said its plan would deliver a 50 per cent reduction in electricity sector emissions on 2005 levels by 2030 and a 90 per cent reduction by 2035-36.

‘Enormous opportunities in the resources sector

Queensland Resources Council chief executive Ian Macfarlane has welcomed the initiative but noted there were serious challenges associated with its implementation.

“The plan provides enormous opportunities in the resources sector in Queensland, both in producing metallurgical or steelmaking coal to build the structures for the wind farms, the aluminium for the solar panels, and the copper for the power lines,” Mr Macfarlane said.

“But it does come with some risk — we need to ensure that the transition is one that is managed very tightly, that power remains reliable and affordable, and that we have the investors internationally who want to come in behind this plan.

“Obviously, investor confidence has been shaken very badly by the sudden increase in royalties in Queensland and to get investors in here will be one of the challenges in terms of ensuring that renewable energy structures are opened.”Ian Macfarlane welcomes the initiative but noted there are serious challenges associated with its implementation.(Supplied: QRC)none

Mr Macfarlane said he had reservations over how the plan would be funded.

“Anything is achievable at a cost and cost will be the big issue — you can build anything, but it’s the price that household consumers and industry consumers will have to pay that will be the question.

“If the transition causes the lights to go out, or for power to escalate in price like it is in Europe, then Queenslanders will lose their jobs and not be able to pay their power bills at home.”

Clean Energy Council chief executive Kane Thornton said he doubted the state government would have any issues in attracting funding for the plan.

“The Queensland government is in a very strong and attractive position in terms of their ownership of a lot of parts of the energy infrastructure here in Queensland,” Mr Thornton said.

“That allows them to be able to attract investment and put in some funding commitment as the government has put on the table today.

“Private sector investors are enthusiastic to invest in clean energy — it’s the lowest cost form of investment.”

‘A great step towards decarbonising our electricity grid’

Ariane Wilkinson, Great Barrier Reef program manager for the Worldwide Fund for Nature (WWF) Australia, said the announcement demonstrated it was never too late to take climate action.

“In terms of climate damage, there’s a lot of damage that’s been done that can’t be reversed,” Ms Wilkinson said.

“But the reality is that there’s so much that can be saved, and so much about our way of life that can be protected, and this is a really good step to keep emissions down, protect our way of life, and stop further climate damage that will occur with a continued reliance on polluting fossil fuels.

“This is certainly going to protect Queensland, particularly the Great Barrier Reef, and it’s a great step towards decarbonising our electricity grid.”

Maggie McKeown, climate and energy campaigner with Queensland Conservation Council, welcomed the plan, but urged the state government to continue networking with stakeholders.

“The key to a plan like this is ongoing community and expert consultation,” Ms McKeown said.

“Every year more Queenslanders want greater climate action — we hope that the government will be able to consult closely with community and experts over the next 10 years.

“This marks a major turning point for the Queensland government and is going to leave behind uncertainty and unlock a major pathway to renewable energy and replacing the majority of our coal-fired power stations by 2035.

“It’s a great, great plan.”

#AceNewsDesk report ………..Published: Sept.29:  2022:

Editor says …Sterling Publishing & Media Service Agency is not responsible for the content of external site or from any reports, posts or links, and can also be found here on Telegram: https://t.me/acenewsdaily and all wordpress and live posts and links here: https://acenewsroom.wordpress.com/ and thanks for following as always appreciate every like, reblog or retweet and free help and guidance tips on your PC software or need help & guidance from our experts AcePCHelp.WordPress.Com