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Daily Mail
19-05-2025
- Climate
- Daily Mail
Wild moment a freak wind gust wreaks absolute havoc at the weekend markets
A popular weekend market descended into chaos when a 'crazy' weather event wreaked havoc. Small business owner Seriya Blackmore was selling baby clothes at a market in the Riverina town of Muttama in southern NSW on Sunday when a dust devil blew away her stall. Dramatic footage showed a strong gust of wind forming among the market stalls before Ms Blackmore's gazebo was flung into air. Baby clothes were also seen becoming airborne as shocked attendees, including young children, watched on on horror. The freak weather event was all over within several seconds. 'It was crazy, it came all of a sudden and everyone was doing the best they could to hold their tents,' Ms Blackmore told ABC Riverina Breakfast. 'It wasn't even that windy.' Good Samaritan bystanders rushed to Ms Blackmore's aid. One man managed to grab the airborne gazebo before it flew away before others helped the business owner secure the structure. Other passers-by cleaned the clothes off. 'Lots of people came over and still bought some things and were saying they were sorry and glad that I set back up,' Ms Blackmore added. 'The power of it was insane! So sorry to see all of your beautiful clothes and stall be damaged from this.' Ms Blackmore shared the footage on the Facebook page of her business, children's clothing brand Lil Puppet. 'Unfortunately some markets don't go as planned….. or maybe the whirly wind was just giving me some free advertising,' the footage was captioned. The post was inundated with comments from locals who were at the markets at the time. 'I ran across and yelled 'hold your tents' and was holding onto the blue one next to the white one that went up,' Joanna Lee wrote. Ms Blackmore replied: 'I tried yelling at a guy to help me grab a pole when I saw it coming but he just walked away. 'Another guy, as you can see the video grabbed a pole just in time and was able to hold it best he could! So grateful to everyone who helped.' The rotating column of air picks up dust and debris from the ground, and usually forms in hot, dry conditions. 'I was there and it was crazy but so nice to see everyone helping each other!' They wrote. 'So glad you stayed after and were able to rebuild the stall! Was absolutely crazy! And fingers crossed you got all the clothes back,' another market-goer added. A dust devil is a strong, well-formed and short-lived whirlwind. Dust devils can damage homes and buildings, throwing objects and downing trees. They are common in dry places such as Arizona, New Mexico and eastern California. In recent years, dust devils have been recorded in Canberra and remote areas of Western Australia.
Yahoo
18-05-2025
- Business
- Yahoo
Gold Hits $3,500 As Larry Summers Says U.S. Market Is 'On A Path' To Crisis Like UK's 2022 Meltdown
The U.S. is at risk of a financial crisis similar to the 2022 U.K. meltdown, former Treasury Secretary Larry Summers warned. 'I would have said a 'Liz Truss moment' was very unlikely in the U.S. if you had asked me three months ago," Summers said in an April 22 interview with BBC Radio, according to Business Insider. 'Now I think we're on a path towards having an episode like that. I think it will be very costly for our economy — and for the global economy.' Summers' comparison pointed to Truss's brief term as British prime minister, when her unfunded tax cut proposals triggered market chaos, a bond yield spike, and ultimately her resignation just 44 days into her tenure—the shortest in British history. Don't Miss: 'Scrolling To UBI' — Deloitte's #1 fastest-growing software company allows users to earn money on their phones. Invest where it hurts — and help millions heal:. According to Reuters, gold touched $3,500.05 per ounce on April 22, rising 31% since January. Investors turned heavily toward safe-haven assets amid fears of spiraling economic instability. Summers told the BBC that the U.S. financial system is exhibiting signs similar to emerging market economies under duress. 'Stocks go down, bonds go down, the currency goes down, gold starts to be hoarded, that's the pattern we're seeing in the U.S.,' he said. Summers warned that the endpoint remains uncertain but urged caution given the current trajectory. Economic conditions have remained volatile. In April, the dollar index weakened, boosting gold's appeal, although it later rebounded slightly amid signs of easing U.S.-China trade tensions. Trending: Hasbro, MGM, and Skechers trust this AI marketing firm — Adding to the market unease, President Donald Trump announced a sweeping 145% tariff on Chinese goods earlier in April. The decision sparked a sharp sell-off across Wall Street, deepening fears of a prolonged trade war. Following the announcement, Summers posted on X, stating, 'Never before has an hour of Presidential rhetoric cost so many people so much,' estimating the loss from the new tariff policy could reach $30 trillion, roughly $300,000 per American family. Trump's actions toward the Federal Reserve also contributed to market anxiety. In an April 21 Truth Social post, he sharply criticized Fed Chair Jerome Powell, calling him a 'major loser' and 'Mr. Too Late' for not cutting interest rates sooner. While tensions between the White House and the Fed intensified, Trump clarified during a May 4 interview on NBC that he had no plans to remove Powell before his term ends in 2026. "Why would I do that?" he said. "I get to replace the person in another period of time." Read Next:Nancy Pelosi Invested $5 Million In An AI Company Last Year — Image: Shutterstock Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? APPLE (AAPL): Free Stock Analysis Report TESLA (TSLA): Free Stock Analysis Report This article Gold Hits $3,500 As Larry Summers Says U.S. Market Is 'On A Path' To Crisis Like UK's 2022 Meltdown originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
