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20% Off Everything in Australia

With the transpacific cruising fleet about to head to New Zealand and Australia to avoid tropical cyclone season, there’s good news. The Australian dollar has fallen 19% in eight weeks against the U.S. dollar, and the Kiwi dollar almost as much. Moderate gains were made today in the wake of the U.S. government bail-out of mortgage giants Fannie Mae and Freddie Mac but both currencies are still down. As such, everything is on huge sale in Australia and New Zealand compared to several months ago.

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Today’s Photo of the Day was sent to us by Cuyler Binion. "My friend and I were out Thursday afternoon on his Corsair 31 Roshambo heading under the Bay Bridge when this freighter shot off not one, but two ‘five horn warnings’ to the boat seen in this picture," Cuyler reported.
For sailors, Sailfest’s low-stress yacht race is a major highlight. Seen here is Louis Kruk’s San Francisco-based Beneteau First 42 Cirque.
Readers — As reported in the August 29 edition of ‘Lectronic, cruiser Terry Bingham passed away from complications due to pancreatitis in a Bolivian hospital.