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‘A man from hell’: Two men have been jailed for a ‘horrendous crime’

August 2, 2021 Comments Off on ‘A man from hell’: Two men have been jailed for a ‘horrendous crime’ By admin

Two men were jailed for two-and-a-half years after pleading guilty to two counts of grievous bodily harm with intent, aggravated assault and committing an act of terror after they attacked a homeless man with a brick during a night out.

In October last year, Matthew Scott, 31, and John Thomas, 33, were in the Adelaide CBD when they broke into a group of men sleeping at a bar on the night of September 21, 2016.

They attacked the man with bricks and left him in a pool of blood.

A witness said the group were waiting for a cab to leave a nearby pub when they heard a commotion.

The group broke into another bar, which was also on the street, and punched and kicked the man as he sat on the pavement.

Thomas and Scott then punched and pushed the man in the face, while Scott pushed the victim to the ground.

Police arrived and arrested the pair on the spot.

It was alleged the group attacked the homeless man because he was “disrespectful” to the way he dressed.

Both men were sentenced to two-year jail terms, and were released on bail.

They had previously been jailed in 2015 for assault causing grievous harm with a dangerous weapon, and for assault with a firearm in a public place, with the latter conviction being overturned.

However, in a separate incident, Thomas and Scott were charged in September this year with two counts each of aggravated assault, grievous hurt with intent and committing a terror act after they assaulted a man on the Gold Coast in 2016.

They had each pleaded guilty to the charge.

Judge Peter McElwee told the court the offences took place at the bar on St Clair Street at about 11.20pm on September 21.

“You were the aggressors, and that’s why you were jailed,” he said.

Justice McElwes said the two men’s actions were “horrending”, and he imposed the maximum sentence possible.

He imposed a one-year suspended jail term and ordered the two to complete 60 hours of community work and pay $2,000 in costs.

Criminal lawyer Stephen Wylie said Thomas and the other man had been “caught with their hands tied” and had to pay the cost of the court case.

Topics:law-crime-and‑justice,law-parliament,community-and_society,cabinet-and‐colony,adelaide-5000,port-macquarie-4000,vic,australiaMore stories from South Australia

Why the stock market may be overvalued

July 2, 2021 Comments Off on Why the stock market may be overvalued By admin

The Dow Jones Industrial Average closed down 1.6% Friday on a broad rebound in corporate earnings that may have helped push investors to invest more in the stock markets.

Analysts say the recovery from the worst recession since the Great Depression is now starting to turn around.

Wall Street’s rally, however, was short-lived.

Analyzing the recent moves in the market, The Wall St. Journal’s Mark Halperin and Robert Zirkelbach say the Dow could be undervalued.

Read more from the WSJ.

Read more from The Wall STJ: The Dow is now undervalued for the second time in three years. 

In May, the Dow lost 5% to 4,923.50, but the gain was made possible by a surge in new orders, which were also buoyed by new technology.

Analyzes of the Dow’s latest quarterly earnings report have said it should have lost even more. 

 The recent earnings reports of Amazon and Apple, as well as earnings from Microsoft, Netflix, and Alphabet, are likely to boost stocks even more, said Mark Zandi, chief investment officer of Wells Fargo & Hayes &amp.

Bacon &amp.; Weinberg.

 The S&P 500 also rose for a second straight day.

The Dow Jones industrial average, which measures the performance of the broadest range of companies, closed at 21,945.15.

The Nasdaq composite index, which tracks the broader market, closed up 1.3%.

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