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On this day in 1911, the biggest art heist of all time occurred with the Mona Lisa stolen. How well do you know the 77cm tall masterpiece?
Pick & Scroll News
August 21, 2024
Good morning. Were you sitting watching the Olympics thinking, "I could be an Olympian”… Well you're not alone.
A staggering 27% of Britons thought they could get to LA 2028 if they simply "put their mind to it".
Among the 18-24 age group, this confidence jumps to 39%, while the 65+ crowd is a bit more 'realistic,' with only 15% believing they could run a 10 second 100 metres or jump 2 metres in high jump.
If only the British carried that much optimism in their everyday life (apologies to any upbeat British readers).
All the headlines and more below...
CHART OF THE DAY
Job Ad Volume vs Aussie Unemployment Rate
The unemployment rate is a key driver of total job listings, both up and down.
AUSTRALIAN NEWS
Only 7% of scam victims are getting their money back from Australian banks
Of $232M in scam transactions in FY23, only 2% of scam losses were reimbursed or compensated if the customer did not complain and only 7% were refunded if they complained. LINK
The RBA has warned that interest rates may need to stay higher for longer due to a forecast pick-up in economic growth. LINK
Major Australian banks have started to cut term deposit interest rates, signalling an expectation of RBA rate cuts before Christmas. LINK
Homeowners in some parts of regional Victoria are facing tough selling conditions, with housing stock piling up despite falling prices, particularly in areas dominated by owner-occupiers. LINK
GLOBAL NEWS
Australia and Indonesia sign new military deal
Australia and Indonesia have signed a new defence cooperation pact allowing reciprocal access to each other’s military facilities. LINK
US Vice President Kamala Harris plans to raise the corporate tax rate to 28% if she wins the election. LINK
The World Health Organisation (WHO) has classified the Mpox virus, which is surging across several African countries, as a “public health emergency of international concern.” LINK
COMPANY NEWS
Morgan Stanley chairman missing after luxury yacht sinks
Morgan Stanley International’s chairman and a British tech entrepreneur are among those missing after a luxury yacht sank in a storm off the coast of Sicily on Monday. LINK
Nine Entertainment’s publishing arm has approved 85 voluntary redundancies as it faces a challenging advertising market. LINK
KMD Brands, owner of Rip Curl and Kathmandu, ended a grim year with a slight recovery in the June quarter, as sales improved across its retail chains after an 11.2% decline for FY24. LINK
Dexus reported a $1.58B loss for FY24 due to falling office values and expects earnings to drop further in FY25 amid ongoing challenges in the commercial property sector. LINK
Fox Sports, AFL and NRL are being sued in the US over alleged misuse of Meta’s tracking tools. LINK
Ansell has declared the COVID-19-related PPE glut over and has cut almost 10% of its workforce as it ramps up automation. LINK
Despite sliding consumer spending and a declining birth rate, Baby Bunting is pushing a turnaround plan aimed at lifting profitability and doubling the store network. LINK
The ATO is owed $9M in the collapse of Mighty Craft, which has debts reaching $40M, with its most valuable asset being a 25.5% stake in Better Beer. LINK
GoPro announced it would cut 15% of its workforce from Q3 2024, aimed at reducing operating expenses. LINK
PwC lost its largest mainland China-listed client, Bank of China, to rival EY amid a regulatory probe into the Evergrande scandal. LINK
TRIVIA
It’s Game Time
On this day in 1911, the biggest art heist of all time occurred with the Mona Lisa stolen. How well do you know the 77cm tall masterpiece?
Where is the Mona Lisa currently housed? (British Museum, The Louvre Museum, Uffizi Gallery, Vatican Museums)
Who painted the Mona Lisa? (Michelangelo, Raphael, Leonardo da Vinci, Donatello)
What is the subject of the Mona Lisa's mysterious smile often referred to as? (Silent Smile, Cryptic Smile, Enigmatic Smile, Subtle Smile)
Who is believed to be the woman depicted in the Mona Lisa? (Isabella d’Este, Cecilia Gallerani, Lisa Gherardini, Caterina Sforza)
What material was the Mona Lisa painted on? (Canvas, Paper, Wood Panel, Stone)
Answers below
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ANSWERS
1. The Louvre Museum
2. Leonardo da Vinci
3. Enigmatic Smile
4. Lisa Gherardini
5. Wood Panel