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(generated from captions) allegations about the notorious

paedophile priest Father

Brendan Smith, but didn't tell

police. I want to say to anyone

who has been hurt by any

failure on my part that I

apologise to you with all my

heart. Listening to him,

church-goers who reject any

suggestion he should

back off and leave him resign. No, no. They should

alone. That's not a sentiment

shared by people like Colm

O'Gorman who was abused by a

priest at 14 years of age. It

destroyed 15, 20 years of life.

It left me clinically

depressed, seriously troubled, suicidal. Many victims feel not

enough has been done,

especially by the Pope, who

will issue a pastoral letter

about the abuses tomorrow. I

ask all of you to read it for

yourself with an open heart and

in a spirit of faith. My hope

is that it will help in the

process of repentence, healing

and renewal. The scandals have

also swept the pontiff's own

country Germany where the

Chancellor Angela Merkel said

recent accusations of abuse

that include a choir linked to

the Pope's brother must be

fully investigated. "I think

we all agree" she said "Sexual

abuse of children and wards is

a deplorable crime and there's

only one way to deal with these

cases. We must have truth and

transparency about everything

that happened. " And for some

that means a radical overhaul

of the way the Pope deals with

these issues. A lawyer representing victims in the

United States says not enough

has changed. They've never,

ever acknowledged that they are

the source of the problem, that

the papacy and the protocols

they still have in place are

the reason it continues to be a

scandal. And with each new revelations, added pressure on

the pontiff to do more. Perth

police have re-arrested a

wanted man who had triggered

two massive man hunts in two

days. The 22-year-old man was

first caught yesterday after a

car chase lasting more than 2.5

hours. Early this morning he

was taken to hospital for

treatment only to leap from a

wheelchair and escape from

police once again. After more

than seven hours on the run,

Colin Bradley Little was

re-captured from a backyard in

the western suburb of

Swanbourne. More than 100

police officers, sniffer dogs

and the police helicopter had

tracked the man since his

escape. Little had been

arrested over a series of car

jackings. Vision from the

police helicopter yesterday

showed him leading officers on

a high-speed chase across

Perth. He's gone right towards

a lot of police vehicles.

They're going to try to block

the road as best they can.

He's slipped past them, now southbound... At least three drivers were caught up in the

chaos. As Little car jacked

and dumped cars along the

way. He's trying to grab a car,

he's grabbed a person out of a

car, he's trying to run over a

police officer. He's now

southbound. He was arrested

when he rolled one of the cars and was charged with more than

20 offences, including armed

robbery. Little was taken to

hospital this morning after

complaining of injuries. But

he fled as two constables were

moving him from the hospital to

a police van in a wheelchair.

Police are investigating why he

wasn't handcuffed. Our

procedures are that an assessment is made as to the

flight risk of a person and

certainly for someone like Mr

Little with his previous

background from yesterday we

would certainly consider him a

flight risk. As the search wore

on this morning, schools went

into lockdown and students and

residents were warned to stay

indoors. Police eventually

narrowed the man hunt to this

street in Swanbourne where they

searched houses one by one

until Little was found.

A cyclone watch is current

between Yeppoon and Cardwell in

Queensland.

That's all from us. 'Lateline Business' coming up

in just a moment. If you'd

like to look back at tonight's

interview with Penny Sackett or

review Lateline's stories or transcripts you can visit our

website, or follow us on

twitter or Facebook. Now

'Lateline Business' with Whitney Fitzsimmons. Tonight -

a farewell letter from the

chairman of BHP Billiton warns

against sweeping tax

reform. Any change to the tax

system is going to have a

dramatic impact on the

profitability of individual

projects, but also the profitability of companies and the returns to

shareholders. The head of one

of the world's biggest media

groups says that the

Telstra-Foxtel tie-up is

killing competition. It's probably the only first world

country on the planet where the

phone company is allowed to

control and Mo nop lies and

manage the cable network. Riches to rags for

some of the world's most famous

fashion designers. Look at what

happened to Christian Lacroix.

Christian Lacroix is a very

fantastic creator, a very

fascinating man. But he never

succeeded to make a company, to

make any money. First to the

markets, and following Wall

Street's positive lead the All

Ords closed up 10 points. The

ASX200 also added 10 points.

In Japan, the Nikkei fell back

from yesterday's 2-month high.

Hong Kong's Hang Seng gave up

early gains to finish weaker

and in London the FTSE is

slightly weaker in morning

trade. When the chairman of

the world's biggest miner has

something to say, investors

listen. In his last letter to

BHP Billiton shareholders,

outgoing chairman Don Argus

reassured investors that the

resources giant is well placed

to navigate an uncertain

economic outlook, but he warns

the uncertainty created by

potential tax reform here and

overseas poses a real threat to investment. Desley Coleman

reports. After a decade in the

top job, Don Argus has Penny

shareholders. He says: Sacketted his last letter to

The IMF predicts between 2007

and 2011 advanced economies

will grow by 1.9% and that

figure will be dwarfed by the

22.1% growth expected in

developing countries. Amy

Auster the head of

International Economics at ANZ

says the IMF figures are

considered a lagging indicator

and historically subject to

constant revision. When it

comes to commodities we need to

look at sources of demand and

evaluate the likelihood that

that source is going to

continue, or what may actually

happen where that demand may

migrate to and that requires a

bit more of a granule view. Amy

Auster says growth in global

demand will underpin commodity

prices. We're forecasting, give

or take in aggregate about a

10-15 rise in commodity prices

in the coming year. Those price

rises may be needed given the

sovereign risk posed by debt

and potential changes to tax

systems. In his letter, Don

Argus cautioned governments against sweeping tax reform.

He says:

The Australian Government is

yet to release the findings of

the Henry tax review but it's

thought to include the

scrapping of royalties

currently paid by miners and

replace it with a 40% resource

rent tax. It's a charge that

could raise billions in revenue

for the Federal Government, but

dent the profits of big miners

like BHP Billiton. Any changes

to the tax system that have the

effect of shifting the goal

posts on businesses and the activities that they have entered into, particularly in

the resources sector, where long-term investment decisions

are made beyond 10 years,

sometimes up to 40 years in

length, any change to the tax

system is going to have a dramatic impact on the

profitability of individual

projects, but also the

profitability of companies and

the returns to shareholders. But Yasser

El-Ansary says it's likely any

shift in tax burden will be

phased in gradually. And for a

look at the day on the markets

I spoke earlier to Juliette at

CommSec. The market manage to

edge to an 8-week high, what

drove that? We had a good lead

coming through from US and

European sharemarkets

overnight. In fact they hit

17-month highs . Good traction

coming through on the

commodities market. All of

that set us up for a great

start. It wasn't probably the

best day you would have expected on the local

sharemarket but we saw good

gains from some of the banks, particularly the ANZ and

Commonwealth Bank, both up by

around 1%. Also defensives and

utility stocks looking good.

Another great run from Telstra,

up another 4 cents today. We

heard about BHP Billiton

earlier in the program, so how

did the market react to that

outlook from Don Argus? We saw

BHP Billiton sold off all day,

he closed down to $43.16 and

when you see a stock like BHP

Billiton, which really is the index leader on the market under such selling pressure

then, of course, it takes a few

points off the overall market.

What else didn't help BHP

Billiton was a moat from

JPMorgan saying it remains

underweight. We saw Rio Tinto

posted a gain. There's been

news from Sigma Pharmaceuticals? Sigma's been

in a trading halt for a couple

of weeks ago now. It last

traded on 24 February at 90

cents but today a note coming

out to the stock market from

Sigma, but Sigma

Pharmaceuticals saying it will

write down the value of its

assets which will force it to

scrap its final dividend.

That's all due to discounting

in Australia's cut-throat

genetic drugs industry. Sigma

Pharmaceuticals also say, of

course, that a second half

dividend is unlikely. Its

share price remains suspended. Juliette, thanks for

speaking to us. Thanks. Taking

a quick look at the currency

markets:

Telstra shares have jumped

sharply in the past week as the

Government's bid to break up

the company's founders in the

Senate. As Michael Rowland

reports the legislation's lost

the support of key Greens and Independent senators. The

Government's tried four times

to dial up the Senate numbers

for its Telstra break-up bill

and four times, it's failed.

The move to separate Telstra's

wholesale network from its

retail business is now in

limbo. The Senate's not

scheduled to sit again for two

months. Coalition senators

like the Nationals' John

Williams are un

apologetic. That legislation of

Telstra's is about giving

Senator Conroy a big stick. The

stick being Government threats

to deny Telstra access to

mobile phone spectrum unless it

splits into two. The Government's been under fire

for not releasing a report into

the financial viability of the

National Broadband

Network. Well, it's

characteristic of the way this

minister's run the National

Broadband Network and Telstra

debate. Telstra's smaller

rivals say it's a bad day for

all phone and Internet

users. It's deeply disturbing

to me that the Senate can't

seem to see that 22 million Australians trumps the interests of one company. Telstra shareholders

on the other hand are leaping

for joy. The company's share

price has jumped nearly 10%

over the past week as it

appeared unlikely the bill

would get through. It was up

1% today alone. A lot of

investors may be breathing a

sigh of relief and thinking

this is good for Telstra. The

break-up plan has triggered an

avalanche of plans from Telstra shareholders many of whom

believe size is strength. A lot

of Telstra shareholders are

happy with a 9% dividend yield

and trust that will continue,

but therein lies in nub and one

would hope that Telstra can

maintain profits and dividends,

but I think that is in the

uncertain category at this

stage. There is an upside for

the Government in the continued

delay. It opens up more room

for negotiations with Telstra

over just what role the company

will play in the rolling out of the National Broadband Network

and on that front both sides

seem more apart than

ever. Look, I think that

Telstra's got to wake up and

smell the roses. This is not

going to go away. The NBN is

going to be built with or

without Telstra because it's

happening right now. I don't

know what Telstra's end game

is. The past can't be repeated

forever. Telstra maintains it

supports the Government's

broadband strategy, just not

the way it's going about it.

While the Government's playing

hardball with Telstra and its

ownership of Foxtel, many

industry players argue a forced

separation could only be good

for competition. The head of

Liberty Global, Mike Fries says

broadband and teleny services would be cheaper if the

nation's biggest cable company could compete with the nation's

biggest telco. In a

wide-ranging interview, Mike Fries also questions the economic rationale of the NBN

and talks about the future of

Liberty Global's majority stake

in regional pay-TV operator,

Austar. Mike Fries, welcome to Lateline Business. Thanks for

having me. You've really exited

the Japanese market and there's

a lot of talk that Liberty's

balance sheet is stretched, particularly after the recent

deals in Europe. Now do you

have any plans to sell off

anymore Asian assets? No, well I would say first of all we're

not stretched at all. We're

sitting today with almost 3.5

to 4 billion of cash depending

on how you count it, so we've

got plenty of liquidity and our

balance sheet is extremely

strong. I'd say we haven't

been actually in this good and

strong a position in quite some

time. We're not really anxious

to sell or anxious anything.

The transaction in Japan was

unexpected in some expects.

KKDI approached us in December

and felt they needed to own an

interest in cable TV and our

36% stake was coveted and we

got a good price for it.

Germany, we used little of our

own capital. We're in a stronger position than several months ago and definitely not looking to exit anything. But

there's been speculation for

some time that we would see

consolidation in the market so

it's interesting to note there

are candidates like either

Foxtel or the Seven Network

that are waiting in the

wings? Well, that's a different

question. We're not

proactively looking to exit.

There is industrial logic

clearly to some greater scale

and consolidation in this

marketplace. We don't really

control that process. We have

been fortunate over the last 15

years to stay independent, to

grow a great business here with

Austar that we think has a

great future. The other

entities you describe have

their own agendas and their own shareholders and their own

challenges and complexities

that we can't control, so...

but I do agree with you, there

is great industrial logic to bringing these businesses

together somewhere down the

road it's just unclear whether

that would happen, either us as

a buyer or in a merger setting,

it's hard to protect. There's a

lot of competition - Internet

TV, cable, free-to-air digital,

so how does the subscription

model make money into the

future? Listen, we operate in

14 countries around the world,

our networks reach over 30 million homes and we have competition in nearly every one

of those, so we're used to

competition from satellite,

from free-to-air, from the

Internet. We thrive actually

in competitive environments and

there's no reason why that

won't be the case here.

Fundamentally, consumers want

their lives simplified and I

don't believe they want

infinite choice, I think that's

an oxymoron actually, that

becomes a paradox of choice,

too many places to go, buttons

to push and avenues to search.

Consumers want their world

simplified, curated aggregated

by people who understand their

needs. They give them the

technology to search and

navigate and recommend and

share. That's a technology

solution. Internet, you know,

providers can provide some of

those applications if they have

the right content but generally

speaking subscription

television is in a perfect

position to be that aggregator. You mentioned

convenience with regard to the

pay-TV subscription model, how much is that convenience

worth? A tonne, I think it's

worth a tonne. I really

believe in the end...

regardless of which spectrum

you're on. If you're a tech

savvy young 25-year-old

business person, or if you're a

60-year-old consumer trying to

get your arms around this

digital stuff, whatever you

are, you want it actually to be

simple, because if you're tech

savvy, you expect it to be

simple, you demand elegant

solutions to things. If you're

not tech savvy it has to be

simple for you to even get

interest in it. I think

simplicity and ease of use is the winning combination

regardless of which end of that

spectrum you're on. No doubt

you're well aware of the debate

and the push for a National

Broadband Network here in

Australia, what does Liberty

think of this? Is it a negative

or a positive? Honestly from Austar's position when I think

about it from Austar's point of

view generally we don't have a

dog in that hunt so to speak.

We really benefit either way.

If a National Broadband Network

is constructed Austar will be

the first person in line to access that network and sell

and use their brand and their

customer relationships. To me

we're a natural ally if it

comes about. If it doesn't

that's fine too, we have

spectrum that we can utilise.

I do find the whole proposal a

bit baffling as an outsider.

This is not an as an Austar

chairman, just looking at it as

a business executive, I find it

a bit baffling. But presumably

the political process will work

itself out. Baffling for

several reasons. $43 billion

is an inordinate amount of

money. Just in FYI, Foxtel and

Optus who cover 2.5 million

homes in the capital cities,

you could have 100 megabits to

every one of those homes for

less than $100 million, not

$4.5 billion, not $43 billion,

not $450 million. So I don't

know who's actually running the

numbers inside, and I believe

there's greater battles being

bought here than I have any

comprehension of, but I will tell you that the economics of

the issue don't look

particularly clear to me. In

the end perhaps this is more

just about Telstra and

regulation than it is about

consumers. Do consumers need

100 megabits? No, what they

need is access. First thing

they need is access. The

average speed in Europe we

provide today is 12 megabits.

In US it's 5 to 6 megabits. In

Australia it's 1 megabit.

It'll evolve and get faster.

Most people buy 20, 30, that's

sort of the sweet spot. So 100

megabits to every Australian is

a nice headline, but the

reality of it is the most

important thing you can do is

provide access to the Internet,

and there's lots of ways to do

that. Satellite, wireless,

fixed wireless, mobile phones,

LTE. These are going to be

tremendously powerful

technologies that don't require

$43 billion. I guess I'm just

perplexed, but I'm an outsider

and I guess I have that

luxury. Telstra owns 50% of

Foxtel, what do you think of

this model in terms of

competition? I think it's

probably the only first world

country on the planet where the

phone company is allowed to

control and Mo nopollise and

manage the cable network. I

can't think of another country

where that's been allowed to

happen anymore, but power to

them. They've been able to perpetuate that model and

that's terrific I suppose. It

doesn't sadden me but being a

cable TV operator by

definition, we know the

benefits and we know the

strength and we know the real consumer opportunity with cable

TV networks that clearly are

not being exploited here and if

they were exploited it would be directly competitive to

Telstra. Power to them,

they've been able to perpetuate

a model that no other first

world country on the planet

has. We'll see how that

unfolds. Mike Fries, thank you

for joining Lateline Business. Thanks for having me.

The plight of investors in Myer's high-profile float is

well-documented. Those who put

money into Kathmandu have done

better, with the share price

trading more than 10% above the

offer price. Most of that

share price gain came today

after the retailer posted a

half-year result ahead of

prospectus forecasts. Some

analysts are questioning the

company's growth prospects and

its ability to make an adequate

return for shareholders.

Andrew Robertson reports. Some companies benefited from the global financial crisis and

Kathmandu was one, as nervous

consumers changed their holiday

plans. We had a very successful

Christmas sale promotion.

There's a trend for people

staying and holidaying closer

to home and that was as a

result of the global financial

crisis. People were more

cautious and had less money to

spend. What money people had

they spent at Kathmandu for

trekking and camping vacations.

Sales were up 22% to $86

million, however the retailer

recorded a loss of $9 million

because of the costs of listing

on the stock market last

November. When the IPO charges

were removed, net profit was

just over $3.5 million. It

certainly helps that the

company is vertically

integrated. It's sourcing

wholesaling and retailing all

under the one roof and that's

been a big help to its gross

profit and net profit margins. Kathmandu listed on

the stock market in November

and unlike Myer which also

floated that month it's trading

well above its listing price of

$1.70. The latest surge in the

share price has been helped by

a robust outlook for its Australian business in

particular, and the fact that

the half-year result was better

than prospectus forecasts. However, Peter

However, Peter Halkett says the

full-year result will be very

much in the hands of

nurt. Being a winter-orientated

brand we need a good cold

winter. We have had a variety

of weather conditions over the

past and even if it's a little

warmer than average we can

still do very well, but we

wouldn't like a very warm

winter. However a warm winter

may not be the only cloud on Kathmandu's horizon. The

company wants to expand to 150

stores in Australia and New

Zealand that retail analyst Rob

Lake has serious doubts. To get

to 150 stores very quickly

they'll have to broaden their

market and to do that they're

going to have to go down-market

and get out into the suburbs

and compete directly with the

likes of Anna conneda and BCF. And Rob Lake also questions Kathmandu's strategy

of driving sales through

discounting. They do have good

promotions a couple of times a

year, but they need to even out

that performance much more to

get the growth that they need. Roger Montgomery has studied Kathmandu's balance

sheet and for him there are

other concerns. The issue

around this company is it's

producing a fairly mediocre

return on its equity. Now that equity, the largest contributor

to that equity is goodwill and

that comes from the float of

the business when this

particular entity purchased the

business. So the company

actually has negative net

tangible assets. Which could

turn out to be a big mountain

for Kathmandu to climb if that

goodwill of more than $200

million has to be written down.

Fashion may be glamorous to the outsider, but those in the

business say it's tough and

unrelenting game, even in the

best of times and in the worst

of times many, including some

of the biggest names in fashion

simply fail. The great

recession is no exception and

last year saw more than its

fair share of bankruptcies.

Industry veterans argue that

the survival of others at the

high-end may depend on their

willingness to learn from their

down-market peers. Frances

Bell reports.

Melbourne. It's Fashion Week in

Melbourne. And with a packed

schedule of parades and public

events organisers are hoping

consumers will be enticed to

spend big. But it's the lack

of discretionary spending during the global downturn

that's had a crippling effect

on some of the world's biggest

names in high-end fashion. Some

big names like Bottega Venata,

Yves St Laurent, even Gucci

have not shown very good

results. Very few companies

have well resisted. In fact,

some have not even survived.

Christian Lacroix and European luxury labels Escada,

Gianfranco Ferre all filed for

bankruptcy last year. It's no

surprise to Christian

Blanckaert who spent more than

a decade as a executive an

French label Hermes. He says

despite the high price tags the

spiralling cost of production

is making it more difficult for

luxury retailers to turn a

profit. Talent is not enough.

Look at what happened to Christian Lacroix. Christian

Lacroix is a very fantastic

creator, a very fascinating

man, but he never succeeded to

make a company, to make any

money. Design and marketing consultant Paul Bennett says

the global recession has merely

exacerbated what he believes is

a wider problem in the luxury

industry - that it's become out

of touch with its customers. The luxury industry

needs to realise that what they

think is luxury is not. I

don't think the luxury business

is about selling products. I

think the luxury business is

about delivering service and it

really needs to step up to the

plate, because I think the mass

market is delivering service in

a much more compelling way than

the luxury market is in most

cases. Paul Bennett says the

days of spending the lion's

share of advertising dollars on

bill boards and high-end

fashion magazines are over, and

that brands need to target

customers more directly. He

says developing mediums such as

social networking sites will be integral to future marketing strategies. Two words, appropriate and sparingly. You

know, I read a great quote in

the marketing magazine and it

was about a detergent brand

that had gone on Facebook and

it said "I don't need to be

friends with my fabric

softener" and I feel the same

way, I'm not remotely

interested in being friends

with my watch. So I think

appropriately, but I think it's

time to use them as a forum for

feedback. The quality of some

luxury fashion goods has come under fire in China this week

with reports that provincial

officials have impounded

imported clothes which fail to

meet Chinese standards.

Christian Blanckaert believes

China is an important growth

market for the industry, and

brands can't afford to cut

corners. I think those who

believe that to charge a

product with a high price

without the quality behind or

the legitimacy behind will

disappear, and this is very

good. Australian sales make up

a tiny share of the profits of

the top fashion houses and the Retailers' Association says

consumers have cut their

spending on the most expensive

brands. There has certainly

been a shift between brands, so

I suspect that is part of the

answer, that the stimulus

package probably has not given

as much effect in those top end

brands as perhaps it has in the

general marketplace of

retail. Russell Zimmerman says

even if local demand for luxury

goods picks up, rental costs in

the retail sector are a big

barrier for new entrants. And

landlords need to be very, very

aware that retailers are

struggling and realise that

they can't come forward with

these huge increases in rents

that we've been told about.

We've heard of rents going up

30%. It is just not

sustainable. But just like

luxury retailers, landlords are

unlikely to be dropping their

prices any time soon.

That's all for tonight. The

FTSE is trading higher by

0.22%, at 12 points. The Dow

futures are lower by 7 points.

I'm Whitney Fitzsimmons.

Thanks for watching, goodnight. Closed Captions by CSI

This Program is Captioned

Live.

The boys drank up the pace

for the slalom on day six at the winter Paralympic Games.

Five Aussies will be charging

through the driving snow when

they tackle the course as

Whistler, looking to mine the

mountain for precious metal.

Locals are getting excited

about the prospect of a Canada,

US final on Saturday in the

hockey. The favourites remain

unbeaten. We're on the down

Hill run at the 10th Paralympic

Games in Vancouver.

Hello and welcome to the

halfway point of the 10th winter Paralympic Games from

Vancouver. Five days down, five

to go. It's going very quickly.

You may have noticed no Michael

Milton this time around in the

Australian team. The legend has

retired and now it's a new youthful looking team. One of

the new breed f you like, is 18-year-old Mich

18-year-old Mich Goerley. He's

the baby of the team and loves

a chat and is full of

potential. I started dreaming

of representing Australia in

other sports but skiing was

something that came a bit

later. Athletics and swimming I

was involved in at a young age

and aspired to representing the

country in that respect. I was

always a recreational skier and

started with my family at 6 or

7. Went to Mt Buller. That's

where I grew up skiing. I progressed into the

interschools racing program.

Then I started with ski racing.

I am the youngest and the

youngest on the World Cup

circuit and the Australian

team. I cop a little bit from

both our team and from

neighbouring teams for being so

small and so much younger than

everyone else. It started off

competing with able-bodies and

interschools and being able to

compete against able-bodies is

good and great about our sport

in the way that it enables

everybody to compete on almost

a direct level, especially helps out that I have two

able-bodied legs which makes it

easier in competing against

guys with two arms and two

legs. In 2008 I cracked the top

20 for the first time in the

international senior rankings

and was ranked first in the

juniors for the season and for

international rankings overall,

which was a great achievement

and something I'm really quite

proud of. My life has been

influenced quite a bit by Steve

Graham, our national coach, who

has coached me for the last

four years or so. Mitchell

brings the youthful exuberance

to the team. He wants to be a

part of everything. He is

always excited. Doesn't matter

what we're doing. Never wants

to finish at the end of the

day. Wants to do more and more

and more runs. You know, that's good and he that's good and he challenges

the guys at times too. He's not

frightened to stick it up them.

They put him in his place as

well. He's also not frightened

to give it to the older guys.

My drive and motivation for

skiing just comes from I guess

an inate feeling that it drives

you to want to succeed. Not a

fear of failure, but there's

not a lot of thought that goes

into it for me. It's always

been a challenge for me to shut

my brain out of ski racing. I

tend to over-think things. I

love the rush and the speed I

guess. You propel yourself at

that speed and I like to do

well at things. Skiing is one

of those things. It's a big

part of my life and something I

really want to succeed in.

That's the starting

point. Yeah! Vancouver is something that

has been a big goal of mine for

obviously the last four years

and I really would love to come

out of there with a medal, but,

you know, in the GS. I think

it's possible, but

realistically I think I need to

come out of there knowing I

represented myself and my

country to the best of my

abilities and feel that I've

given it all I could.

Well, a great attitude

expressed by Mich. You can only

do your best and see what that

gets you. He's at the top of

the mountain ready to go again

in difficult conditions. There

is snow around, visibility is

not too bad. A first run for

Mich of 1:15:76. The 12th

fastest, but four seconds

slower than his German

opponent.

Patrick McGorry was 24th at the World Championships last

year in the slalom. He's a

second inside the time.

Great run from Mich

Goerley. You would have to be happy with that wouldn't

you? I'm not super stoked but

I'm not too disappointed. It's

tough conditions for me. My

little legs aren't made for

sucking up bumps like those

ones. It is disappointing that

they are the worst conditions

we've had in four years happen

on my biggest race day here

this week. The conditions have

been all over the place all

week and the weather has been

out of control. They are doing

a good job getting it to the

standard. Mich, one of the new

faces of the Australian

Paralympic team. Australia was

to have five men competing in

the giant slalom standing but

Mayberry may didn't make it

through his first run. He

crashed out. He did not finish.

Here's what he had to say. The

run was going OK. It was too

straight over the last pitch

and I paid the price.

It was a bit of an error. You

move on and work towards

tomorrow. Good luck. Thank you.

Now to another of the

Australians in the giant slalom

and it is 23-year-old Toby Kane

from Sydney. He was 11th in the

slalom and he had a first run

here this morning of 1:15.05.

That was 10th

quickest. Emerging through the