I think he’d want to inspire people to go outside and ride a bike down a mountain and learn how to kitesurf.”Ī memorial service is expected to be held next week at the Gayundah Coastal Arboretum at Woody Point.Ī page has been set up on the fundraising website Mycause to cover funeral expenses. He was inspiring and people loved him for it. “He was so exciting to be around,” she said. The expectant mother would like her husband to be remembered as an inspiring and passionate man who gave things a go. Mr Desi, a frequent paraglider, died after an apparent equipment malfunction. ![]() “He was fully expecting the bub to come over the weekend,” she said. Ms Desi, 32, is devastated her husband will never get the opportunity to meet his new son. On the night before he died, he read The Cat In The Hat to his girl. Kissing his daughter goodnight was a bedtime ritual for Mr Desi, who also has a 12-year-old son from a previous relationship. And I said he’s not coming back down and that’s why everyone’s so sad. (She said) ‘Well Mum, you will be happy when he comes back down’. “And she got really excited about the bubbles. “We said (to her) he’s got a new job and he puts all the clouds in the sky and sometimes they’re smooth and sometimes they’re bubbles. “He used to kiss her goodnight every night and she was waiting last night for him to come in and kiss her,” she told The Courier-Mail. She said she had not yet worked out how to tell their daughter Evelyn, 3, that her father had died. Ms Desi – who is 40 weeks’ pregnant – said her husband had gone for one last flight before the birth of their new baby, whom they believed might come on the weekend. Highway Patrol officials say a 20-year-old man was killed after he was ejected from his car during and crash and then landed on a freeway sign in Los Angeles. Janette Desi’s husband Austin, 35, from Clontarf, north of Brisbane, died on Sunday morning after a freak accident at Mt Archer near Kilcoy. Last night, an appeal for the family had raised just short of $14,000, despite originally only aiming for $5000.Īnyone who would like to donate can visit /page/126802/support-for-janette-and-the-kidsĮARLIER: A PREGNANT mum hasn’t found the words to tell her three-year-old daughter that her Daddy won’t be coming home after a fatal paragliding crash. She has told her daughter Evelyn that her dad has “a new job and he puts all the clouds in the sky” and he’s “not coming back down and that’s why everyone’s so sad”. The Courier-Mail yesterday revealed the difficulty Mrs Desi has had telling her children about the accident. Mr Desi left two children and his wife Janette, who is 40 weeks pregnant, after the tragic accident at Mt Archer, near Kilcoy, on Sunday. Majd Al-Waheidi edited the digital story.UPDATE: A wave of public support has poured in for the family of Austin Desi, who died after a paragliding accident at the weekend. The interview with Douglas Diamond was edited by Alice Woelfle. The audio version of the interview with Tiffany Dufu was produced by Destinee Adams and edited by Kelley Dickens. an enormous impact just on my well-being, my health and my sanity, let alone everything else that we're already doing in order to keep these companies thriving and successful." And I'm a very fortunate person to at least have a savings account that I can draw upon. I already had to figure out how to transfer money from my personal account to make sure that my team was taken care of. She felt she couldn't wait around for the eventual fix by the FDIC that assured her company's assets would be protected. "Maybe the Fed should have been thinking, 'I shouldn't raise interest rates this quickly if it's going to wipe out certain parts of the financial system'".įor Dufu, the Silicon Valley Bank failure is distinctly personal. ![]() Diamond says that some of the blame may lie with the Federal Reserve Bank. Interest rates did go up and late last week SVB stumbled into insolvency. "If interest rates went up a lot, they were going to become insolvent." When rates were low, SVB was in solid shape. Those gambles made the bank especially vulnerable to interest rate fluctuations. ![]() You're also supposed to use diversified funding sources." The one they loaded up on too much was interest rate risk. That work earned him the 2022 Nobel Prize in Economics.ĭiamond points to an area where Silicon Valley Bank violated basic banking practices, telling Morning Edition host Leila Fadel, "Banks do their magic by diversifying their asset risks, having lots of different types of loans, in particular, avoiding an overload at any particular risk. Economy This years Nobel Prize in economics was awarded for work on preventing bank runsĭouglas Diamond, a Professor of Economics at the University of Chicago, focuses on banking systems and the forces that can lead to a bank's collapse.
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