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( ) is one of the most popular shares on the ASX and features in a large number of investment portfolios. And when I say large, I mean it! In November, the big four released its annual report and revealed that it has a total of 585,000 shareholders. That's roughly one in fifty people in Australia. In addition, even if you don't hold Westpac shares directly, there's a strong chance that you have indirect exposure through your superannuation fund. Overall, this means that the performance of Australian oldest bank's shares has a significant impact on the wealth of Australians. But has this impact been a positive one? Let's see what would have happened if I had invested $5,000 into the bank's shares one year ago. Investing $5,000 into Westpac shares a year ago One year ago, Westpac's shares were down in the doldrums and unloved by the market. They were changing hands for just $22.14, which isn't too far off a multi-year low. This means that if I were to have invested $5,000 (and an extra $3.64 for good measure), I would have ended up buying 226 Westpac shares. Would that have been a good decision? You bet it would! The big four banks have been on fire over the past 12 months with investors flooding back into the sector and driving their share prices higher. And just when you thought they couldn't go even higher, they would climb again. This led to the Westpac share price climbing to a nine-year high during 2024. And while it has pulled back a touch this month, it is still significantly outperforming the market since this time last year. Over the period, the ASX 200 index has risen an impressive 14.3%. Whereas Westpac's shares have climbed a remarkable 45.3%, leaving them at $32.17 on Friday. This means that those 226 shares I could have bought with a $5,000 investment a year ago would now have a market value of . Don't forget the dividends Over the past 12 months, Westpac has paid out two . It paid out 72 cents per share in December 2023 and then 90 cents per share in June 2024. Technically, I wouldn't have received the first dividend due to the ex-dividend date being before my purchase date, but I'm including it in this example because another dividend of a similar value is just days away from being paid. Based on the above, my 226 shares would have pulled in $366.12 of dividend income over the period, boosting my total holding to . That's over $2,600 more than my original investment, which equates to a total return of just over 50%. Here's hoping 2025 will be another successful year for Westpac shares.
Lumen Christi preparing for tough rushing attack in semifinal
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( JTA ) Most of the time, as the senior rabbi of Temple Beth-El in San Antonio, Rabbi Mara Nathan’s focus is on Jewish families. But this week, she’s finding herself thinking about Christian ones, too. That’s because Texas is poised to adopt a public school curriculum that refers to Jesus as “the Messiah,” asks kindergartners to study the Sermon on the Mount and presents the Crusades in a positive light. The curriculum, Nathan said, “gives Christian children the sense that their family’s religion is the only true religion, which is not appropriate for public school education, at the very least.” Nathan is among the many Texans raising concerns about the proposed reading curriculum as it nears final approval. Earlier this week, the Texas State Board of Education narrowly voted to proceed with the curriculum, called Bluebonnet Learning. A final vote is set for Friday. The critics, who include Jewish parents and organizations as well as interfaith and education advocacy groups, say Bluebonnet — which will be optional but which schools would be paid to adopt — inappropriately centers on Christian theology and ideas. They have been lobbying for revisions since it was first proposed in May, offering detailed feedback. “The first round of the curriculum that we saw honestly had a lot of offensive content in it, and was proselytizing, and did not represent Jewish people well,” said Lisa Epstein, the director of San Antonio’s Jewish Community Relations Council. Now those critics say most of their specific suggestions have been accepted but they remain concerned. “Looking at the revision, we still feel that the curriculum is not balanced and it introduces a lot of Christian concepts at a very young age, like resurrection and the blood of Christ and the Messiah, when kids are just really too young to understand and they don’t really have a grasp yet completely of their own religion,” she added. Epstein, who testified at a hearing on the proposal in Austin on Monday, has a child in high school and two others who graduated from Texas public schools. The Texas vote comes as advocates of inserting Christianity into public education are ascendant across the country. Political conservatives are in power at the national level and the Supreme Court’s conservative supermajority has demonstrated openness to blurring church-state separation. President-elect Donald Trump has signaled support for numerous initiatives to reintroduce Christian doctrine into public schools , from supporting school prayer to endorsing legislation that would require public school classrooms to display the Ten Commandments. (One such measure in Louisiana was recently blocked by a federal judge .) In Texas, Bluebonnet’s advocates say the curriculum would elevate students’ learning while also exposing them to essential elements of cultural literacy. They note that the curriculum includes references to a wide range of cultures, including ancient religions, and that the religious references make up only a small fraction of the material. “They’ll elevate the quality of education being offered to all Texas students by giving them a well-rounded understanding of important texts and their impact on the world,” Megan Benton, a strategic policy associate at Texas Values, which says its mission is “to stand for biblical, Judeo-Christian values,” said during the hearing on Monday, Education Week reported . Texas Values called criticism of the proposed curriculum an “ attack on the Bible .” The Texas Education Authority solicited the proposed curriculum, which would join a menu of approved options, as part of a pandemic-era effort that waived some transparency laws, meaning that its authors are not fully known. But The 74, an education news organization, reported this week that a publishing company co-founded by former Arkansas Gov. Mike Huckabee contributed content to the curriculum. Trump tapped Huckabee, a pastor and evangelical favorite, last week to become his ambassador to Israel . For some in Texas and beyond, Bluebonnet represents a concrete example of how the national climate could ripple out into local changes. “A lot of things, we think they’re outside of our community, or outside of our scope, like we hear these things, but are they really going to impact us?” said a Jewish assistant principal in the Richardson Independent School District north of Dallas who asked to remain anonymous. “But I think now that it’s becoming a potential reality, a friend was asking me, would Richardson adopt this? Is this something that is really going to happen in our community?” While the Supreme Court has ruled that public schools can teach about religion, they cannot prioritize one religion over another in that instruction. So Bluebonnet’s inclusion of Christian and Bible stories in lesson plans drew scrutiny from the start — which grew after the Texas Tribune reported that a panel required to vet all curriculum proposals included Christian proponents of incorporating religion in public education. In September, The Texas Education Authority’s curriculum review board published hundreds of pages of emails from members of the public along with whether the critiques had resulted in changes. Some did, the board noted, but many others were rejected. A coalition of Jewish groups submitted 37 requested changes to the initial curriculum proposal. Epstein said the San Antonio JCRC had specifically objected to language in some lessons that evoked “antisemitic tropes” and textual inaccuracies in referencing the story of Queen Esther, as well as offensive references to the Crusades and language that explained the birth of Jesus as the messiah. One passage had invited students to imagine “if you were a Crusader,” Epstein said, referring to the Christian knights of the Middle Ages who sought to conquer the Holy Land, massacred communities of Jews and are venerated by some on the Christian right . In the case of the Esther lesson, the original curriculum had recreated an aspect of the Purim story in which Haman drew lots to determine when to kill Jews in the Persian Empire — as a way to teach probability. Nathan called that particular lesson “subversively antisemitic.” “In ancient Persia [drawing lots] was a way of helping someone make a decision, and the game was called Purim,” the initial text read. “Ask students to choose a number from 1 to 6. Roll a die and ask the students to raise their hand if their number was rolled.” “This is shocking, offensive and just plain wrong,” Sharyn Vane, a Jewish parent of two Texas public school graduates, said at a September hearing, according to the New York Times . “Do we ask elementary students to pretend to be Hitler?” ( Historical simulations have widely been rejected by educators for all grades .) Both of the lessons were revised after feedback from Jewish groups and others, but Epstein and Nathan said the changes were not adequate. A new prompt asks students to describe “the journey of a Crusader” in the third-person, but it still sanitizes the murder of many Jews and Christians during the Christian quest to conquer Jerusalem, Epstein charged. And while the Purim lots activity was dropped, Epstein noted that a specific lesson plan about Esther — a beloved figure among evangelical Christians — also includes a reference to God, which the Megillah, the Jewish text telling the Purim story, famously does not do. She said that inaccuracy was not addressed in the revisions. In a statement, San Antonio’s Jewish federation, under which the JCRC operates, also acknowledged the changes that were made after its feedback but expressed concern over what it called “an almost solely Christian-based” perspective with “inaccuracies” and content that is inappropriate for elementary school students. “We are not against teaching a broad range of religious beliefs to children in an age-appropriate way that clearly distinguishes between ‘beliefs’ and ‘facts,’ and gives appropriate time and respect to acknowledging many different religions,” the federation said. “Public schools should be places where children of all religious backgrounds feel welcomed and accepted.” The newer version of the curriculum also did not address the federation’s concerns about language referring to Jesus as “the Messiah,” written with a capital “M,” and references to “the Bible,” rather than “the Christian Bible” specifically, as the federation had urged the curriculum’s creators to adopt. The Austin branch of the Anti-Defamation League, which was also involved in the efforts, also applauded the revisions that had been made thus far but said it still “reject[s] the current version of the proposed curriculum.” “We agree that students should learn the historical contributions of various religious traditions, but ADL’s analysis of the originally proposed curriculum found that a narrow view of Christianity was overwhelmingly emphasized, there were few mentions of other faiths and the curriculum baselessly credited Christianity with improved societal morality,” the group said in a statement. “Although improvements have been made, the materials still appear to cross the line into teaching religion instead of teaching about religion.” Criticism to the curriculum goes far beyond the Jewish community. Texas AFT, the state’s outpost of the American Federation of Teachers, a leading teachers’ union, also opposes the proposal. “Texas AFT believes that not only do these materials violate the separation of church and state and the academic freedom of our classroom, but also the sanctity of the teaching profession,” the union said in a statement . Some Republicans on the Texas Board of Education expressed reservations about the curriculum’s quality and age-appropriateness, separate from its religious content. And nonpartisan and interfaith groups like Texas Impact and Texas Freedom Network have also been involved in efforts to oppose the curriculum, as has the Baptist Joint Committee for Religious Liberty. Epstein said a Sikh parent also testified at one of the hearings, asking for her faith’s traditions to be incorporated into lesson plans to provide more religious perspectives. Nathan said that when she testified against the proposal at a September hearing, her allies were diverse. “Some of the people who were against it were not Jewish, and just were [against] the way that the curriculum was being put together pedagogically,” she said. “But there were both Jewish and non-Jewish people there, and also some Christian folks who were there who were opposed to such an overtly Christian curriculum.” Marian Neleson, who has a 14-year-old daughter and a 12-year-old son in the Frisco Independent School District, said it has never been easy to be a Jewish family in her area. “There’s always concerns as a parent when there’s just a handful of other Jewish children in a majority Christian school,” said Neleson, who is active in her local interfaith alliance. “From how the school celebrates, how they do their calendars. Do they remember that there is a Jewish holiday, and then they schedule major school functions on High Holy Days?” Now, she’s worried that her own district could face pressure to adopt the new curriculum, if it is approved. “These kind of curriculums are promoting one interpretation, one religion’s view, and I feel like that’s not very respectful of people who come from different backgrounds and different faiths and different religions,” Neleson said. She added, “I do think that the Frisco school district particularly does try to be inclusive and try to recognize the diversity of the community, but I know that there’s always pressure from groups who are trying to promote one agenda in the schools.” The Richardson assistant principal said she saw in the financial incentive to adopt the curriculum — districts that do so will get up to $60 per student — an inappropriate assertion of support by the state. Many Texas districts are cash-strapped after legislators declined to substantially increase school funding last year. “There is such a push in education for high-quality instructional materials,” said the assistant principal, who has three elementary school-aged children. “They’re pushing this so hard, and even potentially putting up funding for it if you adopt it, but it’s not a truly high-quality curriculum.” In a Facebook post after Tuesday’s preliminary vote, Vane encouraged parents to reach out to members of the state’s education board to urge them to oppose the curriculum. “It’s not over yet,” she wrote. Nathan said she’s not sure how much opponents of the curriculum can do if it’s approved, but she stressed the importance of local advocacy — especially since the curriculum is not required. “I think reaching out to your local school board and communicating with local teachers in your community is going to be key,” she said. “If this occurs, what do I need to do in my local school district to make sure that there’s programming that balances the perspective?” But she signaled that the intensity of the proposed curriculum would undercut any counter-programming by representatives of other faiths. “It’s not presented as, ‘Here’s what Christians believe,’” Nathan said about Bluebonnet. “It’s presented as, ‘Here is the truth.’ There’s a difference.”AbbVie Inc. stock underperforms Wednesday when compared to competitors
RALEIGH, N.C. (AP) — North Carolina lawmakers on Wednesday enacted a law over the governor's veto that would diminish the powers afforded to his successor and other other Democratic statewide winners in the Nov. 5 elections. In a 72-46 vote, the GOP-dominated House overrode Democratic Gov. Roy Cooper's veto a week after the Republican-controlled Senate voted to do the same. Like during the Senate vote, opponents to the power-shifting bill sat in the gallery and disrupted the chambers' floor proceedings. More than 150 people gathered on the third floor — more than the House gallery could seat. They chanted “shame” as the override vote completed and continued to yell as they were escorted out. Many provisions within the 132-page law seek to diminish powers afforded to Gov.-elect Josh Stein, incoming attorney general Jeff Jackson, the next Democratic lieutenant governor and the schools superintendent. They all take office early next month. One of the most significant changes shifts the power to appoint State Board of Elections members from the governor to the state auditor, who will be a Republican next year. People are also reading... For decades, the governor has selected its five members, with the governor’s party usually taking three seats. The enacted law transfers that power to the state auditor starting in spring. This in turn, means Republicans will likely hold majorities on the state board and the county election boards. The veto override took place in the final days of a lame-duck General Assembly session where Republicans hold exactly the number of seats necessary to override vetoes without help from Democrats. That won’t be the case much longer — barring a successful election protest that would flip a race’s result — after Democrats picked up one more House seat in the general elections. Despite ultimately succeeding in their override, House Republicans had some difficulty staying unified. Some GOP lawmakers from western North Carolina — where Hurricane Helene caused historic flooding — initially voted against the measure. But all three — Reps. Mike Clampitt, Karl Gillespie and Mark Pless — ended up voting to override the veto. Part of the criticism levied against the bill centered on the $252 million of Helene recovery funds attached to it, most of which can’t be spent until the General Assembly acts again. In his veto message , Cooper called the bill a sham in which Republicans used Helene and “disaster relief” in its title to mask unconstitutional political power grabs — a message House Democrats repeated on the floor. Copyright 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission. Get local news delivered to your inbox!
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Drama surrounds final three F1 races of seasonGun found on suspect in killing of UnitedHealthcare CEO matches shell casings at scene, police say ALTOONA, Pa. (AP) — New York City’s police commissioner says the gun found on the suspect in the killing of UnitedHealthcare’s CEO matches shell casings found at the crime scene. Commissioner Jessica Tisch also said Wednesday that lab results matched suspect Luigi Mangione’s prints to a water bottle and a snack bar wrapper found near the scene of the killing. Police had said earlier that they believed the gunman bought the items at a nearby coffee shop while awaiting his target. Mangione is jailed in Pennsylvania on weapon and forgery charges, but he also has been charged in New York with murder in Brian Thompson's death. His lawyer has noted that Mangione is presumed innocent. Authorities are scrutinizing evidence and the suspect’s experiences with the health care industry. Arguments over whether Luigi Mangione is a 'hero' offer a glimpse into an unusual American moment Memes and online posts in support of 26-year-old Luigi Mangione, who's charged with killing UnitedHealthcare's CEO, have mushroomed online. Some cast Mangione as a hero. That's too far, says Pennsylvania Gov. Josh Shapiro, a rising Democrat who was almost the Democratic vice presidential nominee this year. CEO Brian Thompson's death touched off off these ripples. They offer a glimpse into how so many different aspects of 21st-century life can be surreally connected, from public violence to politics, from health care to humor, or attempts at it. FBI Director Wray says he intends to resign before Trump takes office in January WASHINGTON (AP) — FBI Director Christopher Wray says he plans to resign at the end of President Joe Biden’s term in January. The announcement Wednesday comes a week and a half after President-elect Donald Trump announced his intention to nominate loyalist Kash Patel for the position. His impending resignation will bring him three years short of the completion of a 10-year term during which he tried to keep the FBI out of politics even as the bureau found itself entangled in a string of explosive investigations. Trump applauded the news Wednesday, saying it will end the weaponization of what he called the “Department of Injustice.” Donald Trump will ring the New York Stock Exchange bell as he's named Time's Person of the Year NEW YORK (AP) — President-elect Donald Trump is expected to ring the opening bell at the New York Stock Exchange for the first time and be named Time magazine's Person of the Year. Thursday's events will be a notable moment of twin recognitions for Trump, a born-and-bred New Yorker who has long seen praise from the business world and media as a sign of success. Four people with knowledge of his plans told The Associated Press that Trump was expected to be on Wall Street on Thursday to mark the ceremonial start of the day's trading, while a person familiar with the selection confirmed that Trump had been selected as Time's Person of the Year. The Trump and Biden teams insist they're working hand in glove on foreign crises WASHINGTON (AP) — President-elect Donald Trump doesn’t think much of Joe Biden’s foreign policy record. He frequently casts the outgoing Democratic president as a feckless leader who shredded American credibility around the world during his four-year term. But the Trump and Biden national security teams have come to an understanding that they have no choice but to work together as conflicts in Gaza, Syria and Ukraine have left a significant swath of the world on a knife’s edge. It’s fuzzy how much common ground Biden and Trump’s teams have found as they navigate crises that threaten to cause more global upheaval as Trump prepares to settle back into the White House. Syrians flock to morgues looking for loved ones who perished in Assad's prisons DAMASCUS (AP) — Many bodies have been found in Syrian detention centers and prisons since President Bashar al-Assad's government fell. Now Syrians around the world are circulating images of the corpses in hopes that they will see slain loved ones whose fate had been a mystery. At the morgue visited by The Associated Press on Wednesday in Damascus, families flocked to a wall where some of the pictures were pinned in a haunting gallery of the dead. Relatives desperately scanned the images for a recognizable face. Some of the prisoners died just weeks ago. Others perished months earlier. US warns Russia may be ready to use new lethal missile against Ukraine again in 'coming days' WASHINGTON (AP) — The Pentagon says Russia could launch its lethal new intermediate-range ballistic missile against Ukraine again soon. Pentagon spokeswoman Sabrina Singh cited a U.S. intelligence assessment in telling reporters on Wednesday that an attack could come “in the coming days.” She says the U.S. does not consider the Oreshnik missile a game changer on the battlefield. But that Russia is using the weapon to intimidate Ukraine as both sides wrestle for an advantage that will give them leverage in any negotiations to end the war. The Russian Defense Ministry also is warning it may retaliate against Kyiv for an attack on a military base in the Rostov region in southern Russia on Wednesday. Israeli strikes on Gaza kill at least 33 including children, Palestinian medics say DEIR AL-BALAH, Gaza Strip (AP) — Palestinian medical officials say Israeli strikes on the Gaza Strip have killed at least 33 people. One of the strikes hit a home where displaced people were sheltering in the isolated north, killing 19. A separate strike outside nearby Kamal Adwan Hospital killed a woman and her two children, and another strike in central Gaza killed at least seven people. Israel's military says it tries to avoid harming civilians and accuses militants of hiding among them, putting their lives in danger. Local health officials say Israel’s retaliatory offensive after the Hamas attack on Oct. 7, 2023 has killed over 44,000 Palestinians in Gaza. Hannah Kobayashi, missing Hawaii woman whose disappearance prompted a massive search, is found safe LOS ANGELES (AP) — Hannah Kobayashi has been found safe. That’s according to the Los Angeles Police Department. Kobayashi vanished last month in Los Angeles. The missing Hawaii woman's disappearance prompted a massive search and a missing persons investigation. It was not immediately clear where she was found, but police previously said she had voluntarily crossed the border into Mexico. The LAPD said Wednesday the department will wrap up its investigation. Kobayashi's family reported her missing to law enforcement on Nov. 11 after relatives received “strange and cryptic, just alarming” text messages. Kobayashi’s mother and sister said they are “grateful” she has been found safe. Saudi Arabia will host the 2034 World Cup. But when exactly? ZURICH (AP) — Saudi Arabia scored a major win in its campaign to attract major sports events to the kingdom when it was formally appointed as the 2034 World Cup host on Wednesday. Still, many questions remain about the tournament. Key issues include during which part of the year to stage the tournament, where to play the games, whether alcohol will be allowed at all and how to protect workers rights in the massive construction projects required to host the World Cup.