
Tradie reveals grim reality of new homes in Australia
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Nothing beats a Jetsu holiday, and right now you can save 50 per person.
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Yahoo
4 minutes ago
- Yahoo
Tourists drowned on Mallorca holiday after being 'swept away by wall of water'
A couple who were on holiday in Mallorca were 'swept away by a wall of water' during a rainstorm, an inquest has heard. Sarah Thompson, 26, and Alex Johnson, 32, were walking in the Torrent de Pareis canyon in northern Mallorca when the tragedy struck on September 3, 2023. Inquests at Stockport Coroners' Court heard heavy rainfall sent a 'torrent of water' down the canyon, reports the Manchester Evening News. The rest of the walking group managed to climb to safety, though Thompson and Barrett were swept away. Family and friends told the inquest that the couple loved the outdoors, and had a 'passion' for climbing and hiking. READ MORE: Jet2 passengers holiday 'ruined' as they get on wrong flight and realise as they land READ MORE: Common household item that can slow down your Wi-Fi - and it's usually right beside it Mr Barrett's father Paul Rodman said his son was an experienced climbing instructor who loved hiking and surfing, 'loved life'. "He was a good, caring person who achieved a lot in his short life," Mr Rodman added. "We now have a saying in our family: be more Alex. We miss him tremendously and take pride in everything he did." Ms Thompson was a lover of running and swimming and was introduced to climbing by Mr Barrett. "He was a very good instructor who did not push Sarah beyond her limits," her father Peter Thompson told her inquest. "She worked at the Christie Hospital processing donations and was very happy there. She loved her family and was never without a smile on her face." Both inquests were read a statement from Paul Weaver, a friend of the couple who witnessed the tragedy. An experienced climbing instructor, he said he had completed the Torrent de Pareis canyon walk 'several times previously'. "It can be challenging in places, with scrambles and small climbs," he added. "But I was confident it was well within their capabilities. "I was aware that the gorge could flood. I checked the weather forecast in the morning and it said there was potential for rain at about 6pm. As we would all be clear of the gorge by then, there was no issue for us. Had I known what would happen, I never would have let them enter." It was decided the rest of the group would enter the canyon from above while Mr Weaver would park further down then join them from below. Sign up for Edinburgh Live newsletters for more headlines straight to your inbox "I started walking up the gorge at 1.45pm," Mr Weaver's statement added. "At about 2.30pm it started to drizzle but I was not concerned. "It then began to rain more heavily and I could hear thunder in the distance. The rocks were becoming slippery and it soon became impossible to carry on." Mr Weaver said he eventually found the group again at around 3.20pm. "I was so relieved to have found them - but then, the heavens opened," he added. "We all had to pass through a bottle-neck between two boulders. Water was flowing past like a small river. "I gestured to Sarah and asked if she was okay. She indicated 'yes' and gave me a nervous smile. But seconds later a massive wall of water came down the gorge as if from nowhere. I was shouting and screaming for the others but couldn't see Alex or Sarah." Mr Weaver said his partner Sian Morris had seen the water 'hit Sarah hard', carrying her 'through the bottleneck'. "She glimpsed Alex in the water next to Sarah with a cut to his head," he added. "The water was flowing fast and with many drops. I feared the worst for Alex and Sarah." The group was eventually rescued by helicopter at about 6.30pm and quickly notified the couple's families, who then travelled to the island. The bodies of the couple were found by the authorities on September 4 and September 6 respectively. Join Edinburgh Live's Whatsapp Community here and get the latest news sent straight to your messages Assistant Coroner Jyoti Gill delivered a conclusion - for both Mr Barrett and Ms Thompson - of accidental death by drowning. "Alex and Sarah shared a love of sports and rock climbing," she said. "They were making their way down a route which was known to be challenging in places. They had never attempted this before. "A nearby storm had created flash floods sending a torrent of water through the gorge. They were unable to climb to safety and both were swept away by the flood waters. "Due to the difficult terrain they were unable to climb to safety and were swept away. Sarah was dragged and Alex tried to help her but was dragged away by the current." Ms Gill added that the findings of their respective post-mortems were 'consistent' with this conclusion, noting that there was 'no suggestion' of drugs or alcohol in either's system apart from 'traces of paracetamol'.
Yahoo
an hour ago
- Yahoo
Albemarle Corporation (ALB): A Bull Case Theory
We came across a bullish thesis on Albemarle Corporation on The Musings of Ozz's Substack by Christopher De Ozz. In this article, we will summarize the bulls' thesis on ALB. Albemarle Corporation's share was trading at $74.77 as of July 28th. ALB's trailing and forward P/E were 35.46 and 18.45, respectively according to Yahoo Finance. A technician in a laboratory setting testing an advanced lithium-ion battery cell. Albemarle Corporation (ALB), the world's largest publicly traded lithium producer, has transformed through strategic acquisitions and divestments, most notably the $6.2 billion Rockwood purchase that cemented its lithium dominance. Its vertically integrated operations span mining in Chile, Australia, and the U.S., with refining in Chile, Australia, China, and a planned South Carolina site, offering cost leadership through Chilean brine operations at < $7,000/ton LCE. Lithium remains the core growth driver, supported by EV and grid storage demand, projected to double by 2030. Bromine specialties and refining catalysts provide diversification, generating stable cash flow. Recent lithium price volatility—from 2022's $55,000–$80,000/ton highs to ~ $8,000/ton—has pressured earnings, leaving Albemarle trading at depressed multiples despite structural advantages. Tailwinds include vertical integration, cost leadership, and policy incentives like U.S. Section 45X credits; however, headwinds persist in the form of policy rollbacks, overcapacity, and geopolitical or environmental risks. Albemarle's $9 billion market cap and $13.5 billion EV reflect both its industry leadership and cyclicality. Management continues to develop U.S. projects, including Kings Mountain and a South Carolina refinery, though timelines may flex with price dynamics. Free cash flow remains resilient with capex of $350–500 million per quarter, supporting a stable dividend. The upcoming July 30 earnings report is expected to show negative EPS on flat revenue, underlining market caution. For investors, Albemarle offers significant long-term upside tied to lithium's structural demand growth and policy support, but near-term performance hinges on price recovery, operational discipline, and regulatory stability, presenting a compelling yet timing-sensitive opportunity. Previously, we covered a bullish thesis on Eastman Chemical Company (EMN) by Necessary-Damage5658 in November 2024, which highlighted its ability to gain market share from export control changes favoring compliant chemical suppliers. The company's stock price has depreciated about 24% since our coverage, as the thesis didn't play out due to market headwinds. The thesis still stands on regulatory-driven tailwinds. Christopher De Ozz shares a similar view but emphasizes Albemarle's lithium leadership and EV-driven growth. Albemarle Corporation is not on our list of the 30 Most Popular Stocks Among Hedge Funds. As per our database, 42 hedge fund portfolios held ALB at the end of the first quarter which was 36 in the previous quarter. While we acknowledge the potential of ALB as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock. Disclosure: None.


Bloomberg
an hour ago
- Bloomberg
Australia Must Reform Market for Clean Energy Investment: Report
A panel of independent experts has urged Australia to adopt sweeping electricity market reforms to unlock long-term investment in clean energy and improve access to hedging tools, as grid volatility intensifies. Among the proposed changes is a new framework offering long-term derivative contracts to support investment in stable and dispatchable renewables and storage projects, according to a draft review of the National Electricity Market 's wholesale sector. This would address 'persistent' barriers to new investment — like the mismatch between long-term financing needs of new energy projects and short-term contracting horizons of buyers.