Tag Archives: Guardian

Graeme Wood denies considering pulling loan to Guardian Australia

Updated December 10, 2015 23:30:45

Businessman Graeme Wood has rejected recommendations he is contemplating pulling a multi-million dollar loan to the Guardian Australia on the internet news web site.

There has been speculation that the Guardian is performing financially badly and has been provided two years to enhance.

On December eight, The Australian newspaper reported that the Guardian had till 2018 to turn a profit, before Mr Wood “known as in” his multi-million dollar loan.

The Guardian established its Australian site in May 2013, thanks in portion to a loan from the businessman and environmentalist.

It had been recommended Mr Wood had set a deadline of 2018 ahead of he pulled his investment, but the founder of Wotif has strongly denied the suggestion.

Speaking exclusively to the ABC, Mr Wood was asked whether the site had been given two years to prove commercially viable.

“No, that’s bullshit. In no way,” he stated.

But he would not be drawn on the precise particulars of the monetary arrangement.

“The arrangement that I have with the Guardian is my enterprise and the Guardian’s company, it really is no one else’s business. I am extremely satisfied with it and so are the Guardian,” he stated.

News site unlikely to be turning profit, specialist says

The director of the Centre for Advancing Journalism in Melbourne, Margaret Simons, did not think the news web site was turning a profit.

“I doubt it is producing income however, and my understanding is that they’ve got a 5-year plan to build a sustainable company,” she mentioned.

“Whilst nobody knows for confident what the [on the internet] organization model of the future will be, the Guardian has been considering about this far more creatively and more seriously than most.”

She said she believed Mr Wood’s investment would have been a multi-million dollar contribution, and that Mr Wood saw the Guardian as an investment, as opposed to other earlier projects.

“It [the Guardian] is ahead of its personal targets, ahead of exactly where it believed it would be in terms of both audience numbers and also income,” she stated.

It is understood Mr Wood has no say in the operating of the enterprise.

Although the amount of Mr Wood’s investment is unclear, the ABC understands there is no timeline for the debt to be repaid.

Subjects: journalism, media, internet-culture, australia

Initial posted December 10, 2015 23:08:13

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The Guardian view on the defence review: making ends meet in troubled times | Editorial

David Cameron chats with Royal Navy personnel on Monday. ‘British defence policy has lengthy been tailored to match into that of the United States and much more not too long ago there has been robust bilateral co-operation with France. Photograph: Reuters

Defence is a moving target. The invariable aim is the security of the state and the protection of citizens, but situations, sources and threats modify in such a way as to make any precise calibration of what is necessary really difficult. Add in the lengthy development cycles of modern day weaponry, the vested interests of the defence business, budgetary panics, and the shifts in the public mood which can constrain the use of military force, and the wonder is not so much that we get it wrong but that we sometimes get it right. In Britain we undoubtedly got it incorrect in 2010 when we stripped out factors we then belatedly realised we nonetheless needed, like maritime reconnaissance and some of our air squadrons – and then along came Russian penetration missions in or near our airspace, and we identified it a strain to register our disapproval of these incursions in the usual way. We gave up our carrier capacity for a period of years, and reduce manpower in all 3 services but particularly in the navy and air force. All this diminished our strength: the Falklands and Iraq missions would not be remotely possible today.

Five years later the time has come for one more strategic defence assessment. David Cameron presented it on Monday as if it was an innovatory response to the dangers of Isis in the Middle East and Russian assertiveness in eastern Europe. As a politician he can hardly be blamed for placing that slant on it. But in fact this review is not at all revolutionary. It proposes far more investment in cyber defences, particular forces, counter-terrorism perform, all clear responses to recent threats and all already to some extent under way. It seeks to restore some of the standard capacities unwisely removed in 2010, and it emphasises the require for mobile and flexible forces ready to go exactly where necessary at quick notice.

But, although offered the catchy name of “strike brigades” the concept is not genuinely new, includes no additional soldiers, and although there is some new equipment, this was already in the pipeline. Such speedy reaction units would be appropriate in numerous conceivable circumstances, for deployment in African states threatened by jihadi insurgency, for signalling resolve to Russia in eastern Europe by judicious rotation without upping the overall ante too a lot, and, controversially, for use in the Middle East need to it ever come to that once again.

In all such hypothetical situations, Britain would certainly not be acting alone. British defence policy has lengthy been tailored to fit into that of the United States and much more lately there has been strong bilateral cooperation with France. But although it falls beyond Mr Cameron’s national remit, it is worth saying that the commitment of the US to the defence of Europe is not what it employed to be and that Europe continues to attend to its collective safety, as far as standard forces go, in its usual lackadaisical manner.

In some contrast, cooperation in intelligence, policing, counter-terrorism, and joint diplomacy, as more than the Iranian nuclear programme, appears to be enhancing. Mr Cameron talked about some of the remaining gaps in such cooperation. His assistance for President François Hollande’s military and diplomatic campaign soon after the Paris massacres, whatever the certain merits, ought to point the way toward far more systematic cooperation in between European countries. There is no want to revive the when vexed question of European defence versus Nato defence. Both structures are now rather weak. Arguing about architecture if the bricks are not there is not worthwhile.

The overarching query about spending on challenging military energy is no matter whether it requires resources away from other, equally or more essential, ways of safeguarding our societies. In the British case, whilst spending on intelligence is certainly up, we are operating down a diplomatic service that costs a fraction of what the armed forces price, and we are thinking of cuts in policing which could be damaging to counter-terrorism operate, despite the fact that that is debatable.

The most basic problem of all is whether or not the upkeep of a nuclear deterrent is compatible with a balanced security and defence policy for a nation like Britain. The ballooning charges of Trident, revealed on Monday in the Commons by Mr Cameron, could in the finish soak up an even bigger percentage of the defence spending budget than previously estimated. Nobody is saying that all this funds, if released, would go to the conventional military spending budget, or to the other places, like diplomacy, also crucial for our security. But even some of it would ease the difficult choices that lie ahead.

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