Discover more from The GC Minute
Rinehart's GC2026 Rescue, New Mega Dog Fines Announced, Vale Sugar Man, CommBank Clamps Crypto Withdrawals and more!
Today’s newsletter is 1223 words: 4.5 minute read.
Thursday, August 10.
The girls are rippin’ in and hopefully keeping the dream alive this Saturday night.
It’s gonna’ be huge.
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In today’s email
Rinehart Back’s the GC With Cash: For the 2026 Commonwealth Games Bid
Hefty Dog Fines Announced: To start from August 25
CommBank Clamps Crytpo: Limiting withdrawals from accounts that dabble
Trending: Vale Rodriguez - Searching for Sugar Man
Around the Web (Snippets): G:link’’s extra services for the Pacific Air Show, the smallest bag in the world, flying taxis for Paris Olympics 2024, local legend Laura Gerber’s triumph and more!
Live Gold Coast Housing Prices
1. One Big Thing: Rinehart backs the Gold Coast 2026 bid
Momentum Builds for GC2026
In a major step up to recent weeks, and following Victoria’s recent giving up on the 2026 Commonwealth Games through financial mismanagement, Australia's wealthiest individual, Gina Rinehart, has come to the party saying she will back the Gold Coast’s bid and their willingness to host the Games in 2026 with a stack of cash.
Rinehart's not penning checks for the entire event but is wholeheartedly rallying behind the Gold Coast's bid.
With memories of the triumphant 2018 Games still fresh, she's poised to make a replay possible by pledging to work with sporting bodies and the local Gold Coast Mayor, Tom Tate.
The Gold Coast has a much stronger financial management record than Dan Andrew’s Victoria, so they probably have earned a shot.
Mayor Tate emphasises that the Gold Coast can pull off another dazzling Games for just a tad over $1 billion.
With the infrastructure from 2018 still gleaming, he's confident about hosting an encore.
Rinehart's recent investments, notably a whopping $60 million in Olympic sports, speak volumes of her commitment.
What the People Say
Athletes like Shayna Jack and Kaylee McKeown have already sung praises of Rinehart's role in their journeys.
Australia's standing in the world of sports, especially swimming, isn't just a flash in the pan (excluding Victoria).
The legacy of champions like Ariarne Titmus, who ignited her career at the 2018 Gold Coast Games, stands testament.
Swimming Queensland boss, Kev Hasemann, emphasises the Games' role in moulding world champions and enhancing Australia's sports legacy.
Taking The Plunge
There's overwhelming public backing.
Tate's vision: Use previously allocated federal funds for Vic2026 and let the Gold Coast magic do the rest.
With the 2026 Games redirection potentially saving Victorian taxpayers up to $900 million, it's not just a win for sports but for every Aussie's pocket.
What to look for next
While the honest and reasonable thing to do would be to redivert funds to Gold Coast, it seems odd to hear the continued denial from both Queensland and national Labor bodies toward the bid.
Even though our national government is, so far, happy to watch the Commonwealth Games spiral, despite the people it governs wanting to see them go ahead, momentum continues to build with big names like Rinehart joining the call.
With nothing to lose, the Gold Coast is ready, with open arms and world-class facilities, to breathe life into a cherished sporting tradition that is part of the fabric of our great sporting nation.
We should dive in.
2. New GC Dog Fines
Irresponsible Pooch Parents Get Bit
Following rising incidents across public places across the Gold Coast, the city council's governance committee are introducing the heaviest penalties yet - a substantial $619 fine for owners whose dogs aren't kept in check.
The full range of local law updates can be found here.
Our aim is not to empty wallets but ensure dogs are effectively controlled," Deputy Mayor Donna Gates voiced, hinting at the intent behind this bold move.
What the People Say
This crackdown comes in the wake of a series of unfortunate events: earlier this year, a toddler sustained grave injuries from a dog, with two similar incidents occurring on the same day.
Such harrowing accounts echo Premier Annastacia Palaszczuk's sentiment: "The community's concern over rising dog attacks is palpable."
Paws and Reflect
Intentional dogs off their leashes with owners on public beaches and parks are in view.
Additionally, wandering dogs that have escaped are potential threats, with fines increasing.
Again, check out the local animal law updates here for a complete look at the new law that comes into play on August 25.
3. Commbank Clamp Down on Crypto
Banking on Fear
In the impending digital finance era, Commonwealth Bank's recently announced $10,000 crypto cap raises eyebrows; which was sent out as a notification to customers this week and looked like this..
Strangling Digital Dreams
Whether this is genuine caution or resistance to change is yet to be seen
As cryptocurrency surged, Commonwealth Bank applied the brakes.
Framed as customer safety with measures like 24-hour holds, many ask: Protection or an attempt to stifle crypto's growth?
Dark Side of Data
The bank's caution does have its merits.
Last year saw a 162% increase in crypto scams, costing investors $221.3 million.
It's a digital Wild West, rife with scams preying on the naive.
With crypto users often using the term ‘investing’ to convince themselves and others they aren’t gambling as well, there are probably a few side benefits to the call.
What to look for next
Commonwealth's James Roberts supports these regulations, but questions linger.
In addition to scams becoming ridiculously common, with crypto users often using the term ‘investing’ to convince themselves and others they aren’t gambling as well, there are probably additional benefits to the call.
The debate over crypto's potential and pitfalls rages on.
If you haven’t already seen the doco, Searching for Sugar Man is a must-see.
5. Around The Web (Snippets)
G:link’s extra services: For the upcoming Pacific Air Show
The smallest bag in the world: Is microscopic and could be yours for just $100,000
Local legend Laura Gerber: And her mega meningococcal B vaccine triumph for the ‘B the Change for Bella’ campaign
Electric Flying Taxis at the Paris Olympics: Will VoloCity pull off becoming the first service in the world to use electric vertical take-off and landing aircraft? If so, maybe we can get some for the 2026 Commonwealth Games…
Activision’s COD: Modern Warfare 3 gets a cryptic teaser and release date
The first ever banner ad: Started spamming the web back in 1994
A local development’s design concessions: For the proposed Palais Coolangatta development, the most obvious being a significant reduction in height and scale
PayPal’s dollar-backed digital currency: Is the first stablecoin of its type backed by a major U.S. financial institution
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