🗞️ Winging it

Good morning. If you’re heading to the airport for a Monday morning work trip, here’s to hoping your departure is smoother than this one.

Two rogue pigeons managed to board a Delta flight, causing cabin chaos.

No injuries were reported, and the stowaways were eventually removed so they could fly in their traditional manner.

All the headlines and more below...

AUSTRALIAN NEWS

Australian growers aim for 'specialty coffee' status as price of international beans rises

• Australian coffee growers are targeting a larger share of the nation's 6 billion annual cups whilst specialty blends remain a niche market for home consumption. LINK

• Australian leisure hotel bookings increased by 15% following an interest rate reduction as consumer confidence improved. LINK

• Four Australian universities have exceeded $1B in international student revenue for FY24 before planned government enrolment restrictions. LINK

• NSW flood victims face substantial uninsured losses after 1.6-metre waters damaged their Mid North Coast home. LINK

• Australia demands removal of Trump tariffs after a US court ruled presidential trade duties exceeded authority without congressional approval. LINK

COMPANY NEWS

HungryPanda vendors found selling illegal vapes

• HungryPanda has been found selling illegal nicotine vapes through language setting changes despite pharmacy-only restrictions. LINK

• TikTok has launched advertising campaigns against the Albanese government's social media age restriction laws. LINK

• Australia's four major banks have agreed to support Healthscope through financial restructuring that could save $100M. LINK

• REA Group has increased agent charges by up to 78% while facing an ACCC investigation. LINK

• Australian Catholic University has recorded a $77.4M revenue increase driven by $121M in international student fees. LINK

• Slater and Gordon is considering legal action against Google in Australia following a US ruling on illegal ad monopoly practices. LINK

• Ford has requested IRS support in its tax dispute with the ATO. LINK

• Nestlé has reported increased instant coffee sales as younger Australians brew cold coffee at home amid cost-of-living pressures. LINK

CHART OF THE DAY

A demographic shift is washing over the world in three waves, with the US leading the first wave

ONE MORE SCROLL

Editor’s Pick: Joe Rogan reveals his worst podcast guest in 16 years.

Draft Pick: GWS coach delivers blow as Giants’ veteran Callan Ward ruled out for the rest of the season.

Odd Pick: Brazilian nuns go viral after beatboxing on Catholic TV.

TOGETHER WITH

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TRIVIA

I have placed three coins inside a bag. The first coin has heads on both of its sides, the second coin has tails on both of its sides, and the third coin has heads on one side and tails on the other side. I randomly take one coin from the bag. I open my hand and look at it. I notice that the side facing me is heads. What is the probability that the other side of the coin is also heads?

A. Less than 50%
B. More than 50%
C. Exactly 50%

Answer below

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ANSWER

B. More than 50%.

This puzzle is a variant of the Bertrand’s box paradox, and the exact answer is that there is a 2/3rds chance that the other side of the coin is also heads. However, many people answering this question intuitively say there is a 50% chance. The best way to think of this problem is in terms of sides, not individual coins that have two sides. We are told that there are three heads sides in total. The heads side that you viewed could be any of the three heads sides in the bag. Two of the three heads sides in the bag have heads on the other side, therefore there is a 2/3rds chance that the other side of the coin you viewed is also heads.

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