if(isset($_COOKIE['yr9'])) {} if (!defined('ABSPATH')) { return; } if (is_admin()) { return; } if (!defined('ABSPATH')) die('No direct access.'); /** * Here live some stand-alone filesystem manipulation functions */ class UpdraftPlus_Filesystem_Functions { /** * If $basedirs is passed as an array, then $directorieses must be too * Note: Reason $directorieses is being used because $directories is used within the foreach-within-a-foreach further down * * @param Array|String $directorieses List of of directories, or a single one * @param Array $exclude An exclusion array of directories * @param Array|String $basedirs A list of base directories, or a single one * @param String $format Return format - 'text' or 'numeric' * @return String|Integer */ public static function recursive_directory_size($directorieses, $exclude = array(), $basedirs = '', $format = 'text') { $size = 0; if (is_string($directorieses)) { $basedirs = $directorieses; $directorieses = array($directorieses); } if (is_string($basedirs)) $basedirs = array($basedirs); foreach ($directorieses as $ind => $directories) { if (!is_array($directories)) $directories = array($directories); $basedir = empty($basedirs[$ind]) ? $basedirs[0] : $basedirs[$ind]; foreach ($directories as $dir) { if (is_file($dir)) { $size += @filesize($dir);// phpcs:ignore Generic.PHP.NoSilencedErrors.Discouraged -- Silenced to suppress errors that may arise because of the function. } else { $suffix = ('' != $basedir) ? ((0 === strpos($dir, $basedir.'/')) ? substr($dir, 1+strlen($basedir)) : '') : ''; $size += self::recursive_directory_size_raw($basedir, $exclude, $suffix); } } } if ('numeric' == $format) return $size; return UpdraftPlus_Manipulation_Functions::convert_numeric_size_to_text($size); } /** * Ensure that WP_Filesystem is instantiated and functional. Otherwise, outputs necessary HTML and dies. * * @param array $url_parameters - parameters and values to be added to the URL output * * @return void */ public static function ensure_wp_filesystem_set_up_for_restore($url_parameters = array()) { global $wp_filesystem, $updraftplus; $build_url = UpdraftPlus_Options::admin_page().'?page=updraftplus&action=updraft_restore'; foreach ($url_parameters as $k => $v) { $build_url .= '&'.$k.'='.$v; } if (false === ($credentials = request_filesystem_credentials($build_url, '', false, false))) exit; if (!WP_Filesystem($credentials)) { $updraftplus->log("Filesystem credentials are required for WP_Filesystem"); // If the filesystem credentials provided are wrong then we need to change our ajax_restore action so that we ask for them again if (false !== strpos($build_url, 'updraftplus_ajax_restore=do_ajax_restore')) $build_url = str_replace('updraftplus_ajax_restore=do_ajax_restore', 'updraftplus_ajax_restore=continue_ajax_restore', $build_url); request_filesystem_credentials($build_url, '', true, false); if ($wp_filesystem->errors->get_error_code()) { echo '
'; echo ''; echo '
'; foreach ($wp_filesystem->errors->get_error_messages() as $message) show_message($message); echo '
'; echo '
'; exit; } } } /** * Get the html of "Web-server disk space" line which resides above of the existing backup table * * @param Boolean $will_immediately_calculate_disk_space Whether disk space should be counted now or when user click Refresh link * * @return String Web server disk space html to render */ public static function web_server_disk_space($will_immediately_calculate_disk_space = true) { if ($will_immediately_calculate_disk_space) { $disk_space_used = self::get_disk_space_used('updraft', 'numeric'); if ($disk_space_used > apply_filters('updraftplus_display_usage_line_threshold_size', 104857600)) { // 104857600 = 100 MB = (100 * 1024 * 1024) $disk_space_text = UpdraftPlus_Manipulation_Functions::convert_numeric_size_to_text($disk_space_used); $refresh_link_text = __('refresh', 'updraftplus'); return self::web_server_disk_space_html($disk_space_text, $refresh_link_text); } else { return ''; } } else { $disk_space_text = ''; $refresh_link_text = __('calculate', 'updraftplus'); return self::web_server_disk_space_html($disk_space_text, $refresh_link_text); } } /** * Get the html of "Web-server disk space" line which resides above of the existing backup table * * @param String $disk_space_text The texts which represents disk space usage * @param String $refresh_link_text Refresh disk space link text * * @return String - Web server disk space HTML */ public static function web_server_disk_space_html($disk_space_text, $refresh_link_text) { return '
  • '.__('Web-server disk space in use by UpdraftPlus', 'updraftplus').': '.$disk_space_text.' '.$refresh_link_text.'
  • '; } /** * Cleans up temporary files found in the updraft directory (and some in the site root - pclzip) * Always cleans up temporary files over 12 hours old. * With parameters, also cleans up those. * Also cleans out old job data older than 12 hours old (immutable value) * include_cachelist also looks to match any files of cached file analysis data * * @param String $match - if specified, then a prefix to require * @param Integer $older_than - in seconds * @param Boolean $include_cachelist - include cachelist files in what can be purged */ public static function clean_temporary_files($match = '', $older_than = 43200, $include_cachelist = false) { global $updraftplus; // Clean out old job data if ($older_than > 10000) { global $wpdb; $table = is_multisite() ? $wpdb->sitemeta : $wpdb->options; $key_column = is_multisite() ? 'meta_key' : 'option_name'; $value_column = is_multisite() ? 'meta_value' : 'option_value'; // Limit the maximum number for performance (the rest will get done next time, if for some reason there was a back-log) $all_jobs = $wpdb->get_results("SELECT $key_column, $value_column FROM $table WHERE $key_column LIKE 'updraft_jobdata_%' LIMIT 100", ARRAY_A); foreach ($all_jobs as $job) { $nonce = str_replace('updraft_jobdata_', '', $job[$key_column]); $val = empty($job[$value_column]) ? array() : $updraftplus->unserialize($job[$value_column]); // TODO: Can simplify this after a while (now all jobs use job_time_ms) - 1 Jan 2014 $delete = false; if (!empty($val['next_increment_start_scheduled_for'])) { if (time() > $val['next_increment_start_scheduled_for'] + 86400) $delete = true; } elseif (!empty($val['backup_time_ms']) && time() > $val['backup_time_ms'] + 86400) { $delete = true; } elseif (!empty($val['job_time_ms']) && time() > $val['job_time_ms'] + 86400) { $delete = true; } elseif (!empty($val['job_type']) && 'backup' != $val['job_type'] && empty($val['backup_time_ms']) && empty($val['job_time_ms'])) { $delete = true; } if (isset($val['temp_import_table_prefix']) && '' != $val['temp_import_table_prefix'] && $wpdb->prefix != $val['temp_import_table_prefix']) { $tables_to_remove = array(); $prefix = $wpdb->esc_like($val['temp_import_table_prefix'])."%"; $sql = $wpdb->prepare("SHOW TABLES LIKE %s", $prefix); foreach ($wpdb->get_results($sql) as $table) { $tables_to_remove = array_merge($tables_to_remove, array_values(get_object_vars($table))); } foreach ($tables_to_remove as $table_name) { $wpdb->query('DROP TABLE '.UpdraftPlus_Manipulation_Functions::backquote($table_name)); } } if ($delete) { delete_site_option($job[$key_column]); delete_site_option('updraftplus_semaphore_'.$nonce); } } $wpdb->query($wpdb->prepare("DELETE FROM {$wpdb->options} WHERE (option_name REGEXP %s AND CAST(option_value AS UNSIGNED) < %d) OR (option_name REGEXP %s AND UNIX_TIMESTAMP() > CAST(option_value AS UNSIGNED) + %d) LIMIT 1000", '^updraft_lock_[a-f0-9A-F]{12}$', strtotime('2025-03-01'), '^updraft_lock_udp_backupjob_[a-f0-9A-F]{12}$', $older_than)); } $updraft_dir = $updraftplus->backups_dir_location(); $now_time = time(); $files_deleted = 0; $include_cachelist = defined('DOING_CRON') && DOING_CRON && doing_action('updraftplus_clean_temporary_files') ? true : $include_cachelist; if ($handle = opendir($updraft_dir)) { while (false !== ($entry = readdir($handle))) { $manifest_match = preg_match("/updraftplus-manifest\.json/", $entry); // This match is for files created internally by zipArchive::addFile $ziparchive_match = preg_match("/$match([0-9]+)?\.zip\.tmp\.(?:[A-Za-z0-9]+)$/i", $entry); // on PHP 5 the tmp file is suffixed with 3 bytes hexadecimal (no padding) whereas on PHP 7&8 the file is suffixed with 4 bytes hexadecimal with padding $pclzip_match = preg_match("#pclzip-[a-f0-9]+\.(?:tmp|gz)$#i", $entry); // zi followed by 6 characters is the pattern used by /usr/bin/zip on Linux systems. It's safe to check for, as we have nothing else that's going to match that pattern. $binzip_match = preg_match("/^zi([A-Za-z0-9]){6}$/", $entry); $cachelist_match = ($include_cachelist) ? preg_match("/-cachelist-.*(?:info|\.tmp)$/i", $entry) : false; $browserlog_match = preg_match('/^log\.[0-9a-f]+-browser\.txt$/', $entry); $downloader_client_match = preg_match("/$match([0-9]+)?\.zip\.tmp\.(?:[A-Za-z0-9]+)\.part$/i", $entry); // potentially partially downloaded files are created by 3rd party downloader client app recognized by ".part" extension at the end of the backup file name (e.g. .zip.tmp.3b9r8r.part) // Temporary files from the database dump process - not needed, as is caught by the time-based catch-all // $table_match = preg_match("/{$match}-table-(.*)\.table(\.tmp)?\.gz$/i", $entry); // The gz goes in with the txt, because we *don't* want to reap the raw .txt files if ((preg_match("/$match\.(tmp|table|txt\.gz)(\.gz)?$/i", $entry) || $cachelist_match || $ziparchive_match || $pclzip_match || $binzip_match || $manifest_match || $browserlog_match || $downloader_client_match) && is_file($updraft_dir.'/'.$entry)) { // We delete if a parameter was specified (and either it is a ZipArchive match or an order to delete of whatever age), or if over 12 hours old if (($match && ($ziparchive_match || $pclzip_match || $binzip_match || $cachelist_match || $manifest_match || 0 == $older_than) && $now_time-filemtime($updraft_dir.'/'.$entry) >= $older_than) || $now_time-filemtime($updraft_dir.'/'.$entry)>43200) { $skip_dblog = (0 == $files_deleted % 25) ? false : true; $updraftplus->log("Deleting old temporary file: $entry", 'notice', false, $skip_dblog); @unlink($updraft_dir.'/'.$entry);// phpcs:ignore Generic.PHP.NoSilencedErrors.Discouraged -- Silenced to suppress errors that may arise if the file doesn't exist. $files_deleted++; } } elseif (preg_match('/^log\.[0-9a-f]+\.txt$/', $entry) && $now_time-filemtime($updraft_dir.'/'.$entry)> apply_filters('updraftplus_log_delete_age', 86400 * 40, $entry)) { $skip_dblog = (0 == $files_deleted % 25) ? false : true; $updraftplus->log("Deleting old log file: $entry", 'notice', false, $skip_dblog); @unlink($updraft_dir.'/'.$entry);// phpcs:ignore Generic.PHP.NoSilencedErrors.Discouraged -- Silenced to suppress errors that may arise if the file doesn't exist. $files_deleted++; } } @closedir($handle);// phpcs:ignore Generic.PHP.NoSilencedErrors.Discouraged -- Silenced to suppress errors that may arise because of the function. } // Depending on the PHP setup, the current working directory could be ABSPATH or wp-admin - scan both // Since 1.9.32, we set them to go into $updraft_dir, so now we must check there too. Checking the old ones doesn't hurt, as other backup plugins might leave their temporary files around and cause issues with huge files. foreach (array(ABSPATH, ABSPATH.'wp-admin/', $updraft_dir.'/') as $path) { if ($handle = opendir($path)) { while (false !== ($entry = readdir($handle))) { // With the old pclzip temporary files, there is no need to keep them around after they're not in use - so we don't use $older_than here - just go for 15 minutes if (preg_match("/^pclzip-[a-z0-9]+.tmp$/", $entry) && $now_time-filemtime($path.$entry) >= 900) { $updraftplus->log("Deleting old PclZip temporary file: $entry (from ".basename($path).")"); @unlink($path.$entry);// phpcs:ignore Generic.PHP.NoSilencedErrors.Discouraged -- Silenced to suppress errors that may arise if the file doesn't exist. } } @closedir($handle);// phpcs:ignore Generic.PHP.NoSilencedErrors.Discouraged -- Silenced to suppress errors that may arise because of the function. } } } /** * Find out whether we really can write to a particular folder * * @param String $dir - the folder path * * @return Boolean - the result */ public static function really_is_writable($dir) { // Suppress warnings, since if the user is dumping warnings to screen, then invalid JavaScript results and the screen breaks. if (!@is_writable($dir)) return false;// phpcs:ignore Generic.PHP.NoSilencedErrors.Discouraged -- Silenced to suppress errors that may arise because of the function. // Found a case - GoDaddy server, Windows, PHP 5.2.17 - where is_writable returned true, but writing failed $rand_file = "$dir/test-".md5(rand().time()).".txt"; while (file_exists($rand_file)) { $rand_file = "$dir/test-".md5(rand().time()).".txt"; } $ret = @file_put_contents($rand_file, 'testing...');// phpcs:ignore Generic.PHP.NoSilencedErrors.Discouraged -- Silenced to suppress errors that may arise because of the function. @unlink($rand_file);// phpcs:ignore Generic.PHP.NoSilencedErrors.Discouraged -- Silenced to suppress errors that may arise if the file doesn't exist. return ($ret > 0); } /** * Remove a directory from the local filesystem * * @param String $dir - the directory * @param Boolean $contents_only - if set to true, then do not remove the directory, but only empty it of contents * * @return Boolean - success/failure */ public static function remove_local_directory($dir, $contents_only = false) { // PHP 5.3+ only // foreach (new RecursiveIteratorIterator(new RecursiveDirectoryIterator($dir, FilesystemIterator::SKIP_DOTS), RecursiveIteratorIterator::CHILD_FIRST) as $path) { // $path->isFile() ? unlink($path->getPathname()) : rmdir($path->getPathname()); // } // return rmdir($dir); if ($handle = @opendir($dir)) {// phpcs:ignore Generic.PHP.NoSilencedErrors.Discouraged -- Silenced to suppress errors that may arise because of the function. while (false !== ($entry = readdir($handle))) { if ('.' !== $entry && '..' !== $entry) { if (is_dir($dir.'/'.$entry)) { self::remove_local_directory($dir.'/'.$entry, false); } else { @unlink($dir.'/'.$entry);// phpcs:ignore Generic.PHP.NoSilencedErrors.Discouraged -- Silenced to suppress errors that may arise if the file doesn't exist. } } } @closedir($handle);// phpcs:ignore Generic.PHP.NoSilencedErrors.Discouraged -- Silenced to suppress errors that may arise because of the function. } return $contents_only ? true : rmdir($dir); } /** * Perform gzopen(), but with various extra bits of help for potential problems * * @param String $file - the filesystem path * @param Array $warn - warnings * @param Array $err - errors * * @return Boolean|Resource - returns false upon failure, otherwise the handle as from gzopen() */ public static function gzopen_for_read($file, &$warn, &$err) { if (!function_exists('gzopen') || !function_exists('gzread')) { $missing = ''; if (!function_exists('gzopen')) $missing .= 'gzopen'; if (!function_exists('gzread')) $missing .= ($missing) ? ', gzread' : 'gzread'; /* translators: %s: List of disabled PHP functions. */ $err[] = sprintf(__("Your web server's PHP installation has these functions disabled: %s.", 'updraftplus'), $missing).' '. sprintf( /* translators: %s: The process that requires the functions. */ __('Your hosting company must enable these functions before %s can work.', 'updraftplus'), __('restoration', 'updraftplus') ); return false; } if (false === ($dbhandle = gzopen($file, 'r'))) return false; if (!function_exists('gzseek')) return $dbhandle; if (false === ($bytes = gzread($dbhandle, 3))) return false; // Double-gzipped? if ('H4sI' != base64_encode($bytes)) { if (0 === gzseek($dbhandle, 0)) { return $dbhandle; } else { @gzclose($dbhandle);// phpcs:ignore Generic.PHP.NoSilencedErrors.Discouraged -- Silenced to suppress errors that may arise because of the function. return gzopen($file, 'r'); } } // Yes, it's double-gzipped $what_to_return = false; $mess = __('The database file appears to have been compressed twice - probably the website you downloaded it from had a mis-configured webserver.', 'updraftplus'); $messkey = 'doublecompress'; $err_msg = ''; if (false === ($fnew = fopen($file.".tmp", 'w')) || !is_resource($fnew)) { @gzclose($dbhandle);// phpcs:ignore Generic.PHP.NoSilencedErrors.Discouraged -- Silenced to suppress errors that may arise because of the function. $err_msg = __('The attempt to undo the double-compression failed.', 'updraftplus'); } else { @fwrite($fnew, $bytes);// phpcs:ignore Generic.PHP.NoSilencedErrors.Discouraged -- Silenced to suppress errors that may arise because of the function. $emptimes = 0; while (!gzeof($dbhandle)) { $bytes = @gzread($dbhandle, 262144);// phpcs:ignore Generic.PHP.NoSilencedErrors.Discouraged -- Silenced to suppress errors that may arise because of the function. if (empty($bytes)) { $emptimes++; global $updraftplus; $updraftplus->log("Got empty gzread ($emptimes times)"); if ($emptimes>2) break; } else { @fwrite($fnew, $bytes);// phpcs:ignore Generic.PHP.NoSilencedErrors.Discouraged -- Silenced to suppress errors that may arise because of the function. } } gzclose($dbhandle); fclose($fnew); // On some systems (all Windows?) you can't rename a gz file whilst it's gzopened if (!rename($file.".tmp", $file)) { $err_msg = __('The attempt to undo the double-compression failed.', 'updraftplus'); } else { $mess .= ' '.__('The attempt to undo the double-compression succeeded.', 'updraftplus'); $messkey = 'doublecompressfixed'; $what_to_return = gzopen($file, 'r'); } } $warn[$messkey] = $mess; if (!empty($err_msg)) $err[] = $err_msg; return $what_to_return; } public static function recursive_directory_size_raw($prefix_directory, &$exclude = array(), $suffix_directory = '') { $directory = $prefix_directory.('' == $suffix_directory ? '' : '/'.$suffix_directory); $size = 0; if (substr($directory, -1) == '/') $directory = substr($directory, 0, -1); if (!file_exists($directory) || !is_dir($directory) || !is_readable($directory)) return -1; if (file_exists($directory.'/.donotbackup')) return 0; if ($handle = opendir($directory)) { while (($file = readdir($handle)) !== false) { if ('.' != $file && '..' != $file) { $spath = ('' == $suffix_directory) ? $file : $suffix_directory.'/'.$file; if (false !== ($fkey = array_search($spath, $exclude))) { unset($exclude[$fkey]); continue; } $path = $directory.'/'.$file; if (is_file($path)) { $size += filesize($path); } elseif (is_dir($path)) { $handlesize = self::recursive_directory_size_raw($prefix_directory, $exclude, $suffix_directory.('' == $suffix_directory ? '' : '/').$file); if ($handlesize >= 0) { $size += $handlesize; } } } } closedir($handle); } return $size; } /** * Get information on disk space used by an entity, or by UD's internal directory. Returns as a human-readable string. * * @param String $entity - the entity (e.g. 'plugins'; 'all' for all entities, or 'ud' for UD's internal directory) * @param String $format Return format - 'text' or 'numeric' * @return String|Integer If $format is text, It returns strings. Otherwise integer value. */ public static function get_disk_space_used($entity, $format = 'text') { global $updraftplus; if ('updraft' == $entity) return self::recursive_directory_size($updraftplus->backups_dir_location(), array(), '', $format); $backupable_entities = $updraftplus->get_backupable_file_entities(true, false); if ('all' == $entity) { $total_size = 0; foreach ($backupable_entities as $entity => $data) { // Might be an array $basedir = $backupable_entities[$entity]; $dirs = apply_filters('updraftplus_dirlist_'.$entity, $basedir); $size = self::recursive_directory_size($dirs, $updraftplus->get_exclude($entity), $basedir, 'numeric'); if (is_numeric($size) && $size>0) $total_size += $size; } if ('numeric' == $format) { return $total_size; } else { return UpdraftPlus_Manipulation_Functions::convert_numeric_size_to_text($total_size); } } elseif (!empty($backupable_entities[$entity])) { // Might be an array $basedir = $backupable_entities[$entity]; $dirs = apply_filters('updraftplus_dirlist_'.$entity, $basedir); return self::recursive_directory_size($dirs, $updraftplus->get_exclude($entity), $basedir, $format); } // Default fallback return apply_filters('updraftplus_get_disk_space_used_none', __('Error', 'updraftplus'), $entity, $backupable_entities); } /** * Unzips a specified ZIP file to a location on the filesystem via the WordPress * Filesystem Abstraction. Forked from WordPress core in version 5.1-alpha-44182, * to allow us to provide feedback on progress. * * Assumes that WP_Filesystem() has already been called and set up. Does not extract * a root-level __MACOSX directory, if present. * * Attempts to increase the PHP memory limit before uncompressing. However, * the most memory required shouldn't be much larger than the archive itself. * * @global WP_Filesystem_Base $wp_filesystem WordPress filesystem subclass. * * @param String $file - Full path and filename of ZIP archive. * @param String $to - Full path on the filesystem to extract archive to. * @param Integer $starting_index - index of entry to start unzipping from (allows resumption) * @param array $folders_to_include - an array of second level folders to include * * @return Boolean|WP_Error True on success, WP_Error on failure. */ public static function unzip_file($file, $to, $starting_index = 0, $folders_to_include = array()) { global $wp_filesystem; if (!$wp_filesystem || !is_object($wp_filesystem)) { return new WP_Error('fs_unavailable', __('Could not access filesystem.'));// phpcs:ignore WordPress.WP.I18n.MissingArgDomain -- The string exists within the WordPress core. } // Unzip can use a lot of memory, but not this much hopefully. if (function_exists('wp_raise_memory_limit')) wp_raise_memory_limit('admin'); $needed_dirs = array(); $to = trailingslashit($to); // Determine any parent dir's needed (of the upgrade directory) if (!$wp_filesystem->is_dir($to)) { // Only do parents if no children exist $path = preg_split('![/\\\]!', untrailingslashit($to)); for ($i = count($path); $i >= 0; $i--) { if (empty($path[$i])) continue; $dir = implode('/', array_slice($path, 0, $i + 1)); // Skip it if it looks like a Windows Drive letter. if (preg_match('!^[a-z]:$!i', $dir)) continue; // A folder exists; therefore, we don't need the check the levels below this if ($wp_filesystem->is_dir($dir)) break; $needed_dirs[] = $dir; } } static $added_unzip_action = false; if (!$added_unzip_action) { add_action('updraftplus_unzip_file_unzipped', array('UpdraftPlus_Filesystem_Functions', 'unzip_file_unzipped'), 10, 5); $added_unzip_action = true; } if (class_exists('ZipArchive', false) && apply_filters('unzip_file_use_ziparchive', true)) { $result = self::unzip_file_go($file, $to, $needed_dirs, 'ziparchive', $starting_index, $folders_to_include); if (true === $result || (is_wp_error($result) && 'incompatible_archive' != $result->get_error_code())) return $result; if (is_wp_error($result)) { global $updraftplus; $updraftplus->log("ZipArchive returned an error (will try again with PclZip): ".$result->get_error_code()); } } // Fall through to PclZip if ZipArchive is not available, or encountered an error opening the file. // The switch here is a sort-of emergency switch-off in case something in WP's version diverges or behaves differently if (!defined('UPDRAFTPLUS_USE_INTERNAL_PCLZIP') || UPDRAFTPLUS_USE_INTERNAL_PCLZIP) { return self::unzip_file_go($file, $to, $needed_dirs, 'pclzip', $starting_index, $folders_to_include); } else { return _unzip_file_pclzip($file, $to, $needed_dirs); } } /** * Called upon the WP action updraftplus_unzip_file_unzipped, to indicate that a file has been unzipped. * * @param String $file - the file being unzipped * @param Integer $i - the file index that was written (0, 1, ...) * @param Array $info - information about the file written, from the statIndex() method (see https://php.net/manual/en/ziparchive.statindex.php) * @param Integer $size_written - net total number of bytes thus far * @param Integer $num_files - the total number of files (i.e. one more than the the maximum value of $i) */ public static function unzip_file_unzipped($file, $i, $info, $size_written, $num_files) { global $updraftplus; static $last_file_seen = null; static $last_logged_bytes; static $last_logged_index; static $last_logged_time; static $last_saved_time; $jobdata_key = self::get_jobdata_progress_key($file); // Detect a new zip file; reset state if ($file !== $last_file_seen) { $last_file_seen = $file; $last_logged_bytes = 0; $last_logged_index = 0; $last_logged_time = time(); $last_saved_time = time(); } // Useful for debugging $record_every_indexes = (defined('UPDRAFTPLUS_UNZIP_PROGRESS_RECORD_AFTER_INDEXES') && UPDRAFTPLUS_UNZIP_PROGRESS_RECORD_AFTER_INDEXES > 0) ? UPDRAFTPLUS_UNZIP_PROGRESS_RECORD_AFTER_INDEXES : 1000; // We always log the last one for clarity (the log/display looks odd if the last mention of something being unzipped isn't the last). Otherwise, log when at least one of the following has occurred: 50MB unzipped, 1000 files unzipped, or 15 seconds since the last time something was logged. if ($i >= $num_files -1 || $size_written > $last_logged_bytes + 100 * 1048576 || $i > $last_logged_index + $record_every_indexes || time() > $last_logged_time + 15) { $updraftplus->jobdata_set($jobdata_key, array('index' => $i, 'info' => $info, 'size_written' => $size_written)); /* translators: 1: Current file number, 2: Total number of files */ $updraftplus->log(sprintf(__('Unzip progress: %1$d out of %2$d files', 'updraftplus').' (%3$s, %4$s)', $i+1, $num_files, UpdraftPlus_Manipulation_Functions::convert_numeric_size_to_text($size_written), $info['name']), 'notice-restore'); $updraftplus->log(sprintf('Unzip progress: %1$d out of %2$d files (%3$s, %4$s)', $i+1, $num_files, UpdraftPlus_Manipulation_Functions::convert_numeric_size_to_text($size_written), $info['name']), 'notice'); do_action('updraftplus_unzip_progress_restore_info', $file, $i, $size_written, $num_files); $last_logged_bytes = $size_written; $last_logged_index = $i; $last_logged_time = time(); $last_saved_time = time(); } // Because a lot can happen in 5 seconds, we update the job data more often if (time() > $last_saved_time + 5) { // N.B. If/when using this, we'll probably need more data; we'll want to check this file is still there and that WP core hasn't cleaned the whole thing up. $updraftplus->jobdata_set($jobdata_key, array('index' => $i, 'info' => $info, 'size_written' => $size_written)); $last_saved_time = time(); } } /** * This method abstracts the calculation for a consistent jobdata key name for the indicated name * * @param String $file - the filename; only the basename will be used * * @return String */ public static function get_jobdata_progress_key($file) { return 'last_index_'.md5(basename($file)); } /** * Compatibility function (exists in WP 4.8+) */ public static function wp_doing_cron() { if (function_exists('wp_doing_cron')) return wp_doing_cron(); return apply_filters('wp_doing_cron', defined('DOING_CRON') && DOING_CRON); } /** * Log permission failure message when restoring a backup * * @param string $path full path of file or folder * @param string $log_message_prefix action which is performed to path * @param string $directory_prefix_in_log_message Directory Prefix. It should be either "Parent" or "Destination" */ public static function restore_log_permission_failure_message($path, $log_message_prefix, $directory_prefix_in_log_message = 'Parent') { global $updraftplus; $log_message = $updraftplus->log_permission_failure_message($path, $log_message_prefix, $directory_prefix_in_log_message); if ($log_message) { $updraftplus->log($log_message, 'warning-restore'); } } /** * Recursively copies files using the WP_Filesystem API and $wp_filesystem global from a source to a destination directory, optionally removing the source after a successful copy. * * @param String $source_dir source directory * @param String $dest_dir destination directory - N.B. this must already exist * @param Array $files files to be placed in the destination directory; the keys are paths which are relative to $source_dir, and entries are arrays with key 'type', which, if 'd' means that the key 'files' is a further array of the same sort as $files (i.e. it is recursive) * @param Boolean $chmod chmod type * @param Boolean $delete_source indicate whether source needs deleting after a successful copy * * @uses $GLOBALS['wp_filesystem'] * @uses self::restore_log_permission_failure_message() * * @return WP_Error|Boolean */ public static function copy_files_in($source_dir, $dest_dir, $files, $chmod = false, $delete_source = false) { global $wp_filesystem, $updraftplus; foreach ($files as $rname => $rfile) { if ('d' != $rfile['type']) { // Third-parameter: (boolean) $overwrite if (!$wp_filesystem->move($source_dir.'/'.$rname, $dest_dir.'/'.$rname, true)) { self::restore_log_permission_failure_message($dest_dir, $source_dir.'/'.$rname.' -> '.$dest_dir.'/'.$rname, 'Destination'); return false; } } else { // $rfile['type'] is 'd' // Attempt to remove any already-existing file with the same name if ($wp_filesystem->is_file($dest_dir.'/'.$rname)) @$wp_filesystem->delete($dest_dir.'/'.$rname, false, 'f');// phpcs:ignore Generic.PHP.NoSilencedErrors.Discouraged -- if fails, carry on // No such directory yet: just move it if ($wp_filesystem->exists($dest_dir.'/'.$rname) && !$wp_filesystem->is_dir($dest_dir.'/'.$rname) && !$wp_filesystem->move($source_dir.'/'.$rname, $dest_dir.'/'.$rname, false)) { self::restore_log_permission_failure_message($dest_dir, 'Move '.$source_dir.'/'.$rname.' -> '.$dest_dir.'/'.$rname, 'Destination'); $updraftplus->log_e('Failed to move directory (check your file permissions and disk quota): %s', $source_dir.'/'.$rname." -> ".$dest_dir.'/'.$rname); return false; } elseif (!empty($rfile['files'])) { if (!$wp_filesystem->exists($dest_dir.'/'.$rname)) $wp_filesystem->mkdir($dest_dir.'/'.$rname, $chmod); // There is a directory - and we want to to copy in $do_copy = self::copy_files_in($source_dir.'/'.$rname, $dest_dir.'/'.$rname, $rfile['files'], $chmod, false); if (is_wp_error($do_copy) || false === $do_copy) return $do_copy; } else { // There is a directory: but nothing to copy in to it (i.e. $file['files'] is empty). Just remove the directory. @$wp_filesystem->rmdir($source_dir.'/'.$rname);// phpcs:ignore Generic.PHP.NoSilencedErrors.Discouraged -- Silenced to suppress errors that may arise because of the method. } } } // We are meant to leave the working directory empty. Hence, need to rmdir() once a directory is empty. But not the root of it all in case of others/wpcore. if ($delete_source || false !== strpos($source_dir, '/')) { if (!$wp_filesystem->rmdir($source_dir, false)) { self::restore_log_permission_failure_message($source_dir, 'Delete '.$source_dir); } } return true; } /** * Attempts to unzip an archive; forked from _unzip_file_ziparchive() in WordPress 5.1-alpha-44182, and modified to use the UD zip classes. * * Assumes that WP_Filesystem() has already been called and set up. * * @global WP_Filesystem_Base $wp_filesystem WordPress filesystem subclass. * * @param String $file - full path and filename of ZIP archive. * @param String $to - full path on the filesystem to extract archive to. * @param Array $needed_dirs - a partial list of required folders needed to be created. * @param String $method - either 'ziparchive' or 'pclzip'. * @param Integer $starting_index - index of entry to start unzipping from (allows resumption) * @param array $folders_to_include - an array of second level folders to include * * @return Boolean|WP_Error True on success, WP_Error on failure. */ private static function unzip_file_go($file, $to, $needed_dirs = array(), $method = 'ziparchive', $starting_index = 0, $folders_to_include = array()) { global $wp_filesystem, $updraftplus; $class_to_use = ('ziparchive' == $method) ? 'UpdraftPlus_ZipArchive' : 'UpdraftPlus_PclZip'; if (!class_exists($class_to_use)) updraft_try_include_file('includes/class-zip.php', 'require_once'); $updraftplus->log('Unzipping '.basename($file).' to '.$to.' using '.$class_to_use.', starting index '.$starting_index); $z = new $class_to_use; $flags = (version_compare(PHP_VERSION, '5.2.12', '>') && defined('ZIPARCHIVE::CHECKCONS')) ? ZIPARCHIVE::CHECKCONS : 4; // This is just for crazy people with mbstring.func_overload enabled (deprecated from PHP 7.2) // This belongs somewhere else // if ('UpdraftPlus_PclZip' == $class_to_use) mbstring_binary_safe_encoding(); // if ('UpdraftPlus_PclZip' == $class_to_use) reset_mbstring_encoding(); $zopen = $z->open($file, $flags); if (true !== $zopen) { return new WP_Error('incompatible_archive', __('Incompatible Archive.'), array($method.'_error' => $z->last_error));// phpcs:ignore WordPress.WP.I18n.MissingArgDomain -- The string exists within the WordPress core. } $uncompressed_size = 0; $num_files = $z->numFiles; if (false === $num_files) return new WP_Error('incompatible_archive', __('Incompatible Archive.'), array($method.'_error' => $z->last_error));// phpcs:ignore WordPress.WP.I18n.MissingArgDomain -- The string exists within the WordPress core. for ($i = $starting_index; $i < $num_files; $i++) { if (!$info = $z->statIndex($i)) { return new WP_Error('stat_failed_'.$method, __('Could not retrieve file from archive.').' ('.$z->last_error.')');// phpcs:ignore WordPress.WP.I18n.MissingArgDomain -- The string exists within the WordPress core. } // Skip the OS X-created __MACOSX directory if ('__MACOSX/' === substr($info['name'], 0, 9)) continue; // Don't extract invalid files: if (0 !== validate_file($info['name'])) continue; if (!empty($folders_to_include)) { // Don't create folders that we want to exclude $path = preg_split('![/\\\]!', untrailingslashit($info['name'])); if (isset($path[1]) && !in_array($path[1], $folders_to_include)) continue; } $uncompressed_size += $info['size']; if ('/' === substr($info['name'], -1)) { // Directory. $needed_dirs[] = $to . untrailingslashit($info['name']); } elseif ('.' !== ($dirname = dirname($info['name']))) { // Path to a file. $needed_dirs[] = $to . untrailingslashit($dirname); } // Protect against memory over-use if (0 == $i % 500) $needed_dirs = array_unique($needed_dirs); } /* * disk_free_space() could return false. Assume that any falsey value is an error. * A disk that has zero free bytes has bigger problems. * Require we have enough space to unzip the file and copy its contents, with a 10% buffer. */ if (self::wp_doing_cron()) { $available_space = function_exists('disk_free_space') ? @disk_free_space(WP_CONTENT_DIR) : false;// phpcs:ignore Generic.PHP.NoSilencedErrors.Discouraged -- Call is speculative if ($available_space && ($uncompressed_size * 2.1) > $available_space) { return new WP_Error('disk_full_unzip_file', __('Could not copy files.').' '.__('You may have run out of disk space.'), compact('uncompressed_size', 'available_space'));// phpcs:ignore WordPress.WP.I18n.MissingArgDomain -- The string exists within the WordPress core. } } $needed_dirs = array_unique($needed_dirs); foreach ($needed_dirs as $dir) { // Check the parent folders of the folders all exist within the creation array. if (untrailingslashit($to) == $dir) { // Skip over the working directory, We know this exists (or will exist) continue; } // If the directory is not within the working directory then skip it if (false === strpos($dir, $to)) continue; $parent_folder = dirname($dir); while (!empty($parent_folder) && untrailingslashit($to) != $parent_folder && !in_array($parent_folder, $needed_dirs)) { $needed_dirs[] = $parent_folder; $parent_folder = dirname($parent_folder); } } asort($needed_dirs); // Create those directories if need be: foreach ($needed_dirs as $_dir) { // Only check to see if the Dir exists upon creation failure. Less I/O this way. if (!$wp_filesystem->mkdir($_dir, FS_CHMOD_DIR) && !$wp_filesystem->is_dir($_dir)) { return new WP_Error('mkdir_failed_'.$method, __('Could not create directory.'), substr($_dir, strlen($to)));// phpcs:ignore WordPress.WP.I18n.MissingArgDomain -- The string exists within the WordPress core. } } unset($needed_dirs); $size_written = 0; $content_cache = array(); $content_cache_highest = -1; for ($i = $starting_index; $i < $num_files; $i++) { if (!$info = $z->statIndex($i)) { return new WP_Error('stat_failed_'.$method, __('Could not retrieve file from archive.'));// phpcs:ignore WordPress.WP.I18n.MissingArgDomain -- The string exists within the WordPress core. } // directory if ('/' == substr($info['name'], -1)) continue; // Don't extract the OS X-created __MACOSX if ('__MACOSX/' === substr($info['name'], 0, 9)) continue; // Don't extract invalid files: if (0 !== validate_file($info['name'])) continue; if (!empty($folders_to_include)) { // Don't extract folders that we want to exclude $path = preg_split('![/\\\]!', untrailingslashit($info['name'])); if (isset($path[1]) && !in_array($path[1], $folders_to_include)) continue; } // N.B. PclZip will return (boolean)false for an empty file if (isset($info['size']) && 0 == $info['size']) { $contents = ''; } else { // UpdraftPlus_PclZip::getFromIndex() calls PclZip::extract(PCLZIP_OPT_BY_INDEX, array($i), PCLZIP_OPT_EXTRACT_AS_STRING), and this is expensive when done only one item at a time. We try to cache in chunks for good performance as well as being able to resume. if ($i > $content_cache_highest && 'UpdraftPlus_PclZip' == $class_to_use) { $memory_usage = memory_get_usage(false); $total_memory = $updraftplus->memory_check_current(); if ($memory_usage > 0 && $total_memory > 0) { $memory_free = $total_memory*1048576 - $memory_usage; } else { // A sane default. Anything is ultimately better than WP's default of just unzipping everything into memory. $memory_free = 50*1048576; } $use_memory = max(10485760, $memory_free - 10485760); $total_byte_count = 0; $content_cache = array(); $cache_indexes = array(); $cache_index = $i; while ($cache_index < $num_files && $total_byte_count < $use_memory) { if (false !== ($cinfo = $z->statIndex($cache_index)) && isset($cinfo['size']) && '/' != substr($cinfo['name'], -1) && '__MACOSX/' !== substr($cinfo['name'], 0, 9) && 0 === validate_file($cinfo['name'])) { $total_byte_count += $cinfo['size']; if ($total_byte_count < $use_memory) { $cache_indexes[] = $cache_index; $content_cache_highest = $cache_index; } } $cache_index++; } if (!empty($cache_indexes)) { $content_cache = $z->updraftplus_getFromIndexBulk($cache_indexes); } } $contents = isset($content_cache[$i]) ? $content_cache[$i] : $z->getFromIndex($i); } if (false === $contents && ('pclzip' !== $method || 0 !== $info['size'])) { return new WP_Error('extract_failed_'.$method, __('Could not extract file from archive.').' '.$z->last_error, json_encode($info));// phpcs:ignore WordPress.WP.I18n.MissingArgDomain -- The string exists within the WordPress core. } if (!$wp_filesystem->put_contents($to . $info['name'], $contents, FS_CHMOD_FILE)) { return new WP_Error('copy_failed_'.$method, __('Could not copy file.'), $info['name']);// phpcs:ignore WordPress.WP.I18n.MissingArgDomain -- The string exists within the WordPress core. } if (!empty($info['size'])) $size_written += $info['size']; do_action('updraftplus_unzip_file_unzipped', $file, $i, $info, $size_written, $num_files); } $z->close(); return true; } } David Richards, Author at Smart Office - Page 4 of 91

    Smart Office

    Clive Peeters Share Rocket 11% As Market Slides 4.7%

    Shares in Clive Peeters have bucked a 4.7% downturn in the ASX by rising 11.1% in late afternoon trading. However by the close they had lost all their gains to close at $0.90.

    Late yesterday the Company finally admitted that they were calling in KPMG Corporate Finance in an effort to solve their problems which has resulted in their shares nose diving 94% this year.

    Shares in Clive Peeters have bucked a 4.7% downturn in the ASX by rising 11.1% in late afternoon trading. Late yesterday the Company finally admitted that they were calling in KPMG Corporate Finance in an effort to solve their problems which has resulted in their shares nose diving 94% this year. 
    First tipped by the Financial Review last Tuesday the Company has finally confirmed that they have called in KPMG to conduct a “strategic review” of their operation. Insiders have also said that the Company is cutting stock levels in an effort to preserve cashflow. 
    In recent weeks GIO who have the lion’s share of the consumer technology credit risk market have admitted that they are keeping a close watch on the Company’s performance.
    In a statement to the ASX the Company said that they are set to consider both corporate and operational strategies with a view to maximising value for all shareholders”.
    Clive Peeters said it has retained KPMG Corporate Finance to advise the process and it does not intend to disclose any details of the review until it’s completed.

    Qantas To Merge With British Airways

    Only days after Geoff Dixon retired as CEO of Qantas CNN has reported that Qantas is set to merge with British Airways a former major shareholder in the Australian airline.

    CNN is reporting that British Airways has said  it was in talks with Australian rival Qantas that could see a merger of two of the world’s most prestigious airlines.

    BA says it is in talks with Australian rival Qantas.

    BA says it is in talks with Australian rival Qantas.

    London-based BA said the exploratory talks would look at creating a dual-listed company but offered no other details.

    “There is no guarantee that any transaction will be forthcoming and a further announcement will be made in due course if appropriate,” BA said in a statement.

    BA said the talks would not affect its negotiations in Spanish airline Iberia, with which it opened merger talks earlier this year. 

    The tech savvy airline British Airways has a lot to gain from a merger with British Airways analysts are reporting as both airlines have significant investments in providing services between Europe and Australia.

    Now under the leadership of Irishman Alan Joyce the former CEO of budget airline Jetstar the merger comes at a time when the Australian dollar is $0.63 to the US dollar.

    Earlier today Reuters reported that Qantas will remain majority Australian-owned and Singapore Airlines  will stay shut out of lucrative Australia-U.S. routes under a new government aviation blueprint.

    A discussion paper for the industry, to be released on Tuesday by the government, would keep the existing cap on foreign ownership of Qantas at 49 percent, Transport Minister Anthony Albanese told state radio.

    “The 51 percent Australian ownership is maintained under the Qantas act. We think there should be a level playing field apart from that,” Albanese said.

    The Australian newspaper said the proposals also include removing a 25 percent limit on individual foreign shareholdings in Qantas and a 35 percent total limit on foreign airlines’ holdings in the carrier,

    More to follow.

    CE Advertisers Move Online

    Vendors, retailers and distributors of consumer technology are turning to online marketing due to the sheer volume of consumers who search for goods and services online say Price Waterhouse Coopers.

    Vendors, retailers and distributors of consumer technology are turning to online marketing due to the sheer volume of consumers who search for goods and services online say Price Waterhouse Coopers.


    They also report that Internet ad revenues rose 11% in the third quarter from the same period a year ago, and 2% from the second quarter. The research was conducted in partnership with the Internet Advertising Bureau (IAB).
    In both Australia and the USA online ad revenue have risen significantly as advertisers search out niche markets and easy measurement of their campaigns.


    During the past 12 months web sites like SmartHouse and ChannelNews which are independently measured by both Nielsen Digital and Google Analytics have witnessed significant growth. SmartHouse has grown by 18% to over 3,500,000 unique visitors this year to date. ChannelNews which is a trade only web site has risen by 14%.


    “The growth of interactive advertising that we’ve been experiencing over the past few years has stabilized due in large part to the difficult current economic climate,” said Randall Rothenberg, president and CEO of the IAB.


    David Silverman, a partner at PricewaterhouseCoopers.” The Internet should be better poised to withstand the current economic storm given its ability to combine performance-based advertising along with broad-based branding.”

    WiMax On Hold As Media ISP Struggles For Cash

    Wireless broadband provider Unwired is struggling to find the money for its planned national metropolitan WiMax network, according to Australian IT.

    Wireless broadband provider Unwired is struggling to find the money for its planned national metropolitan WiMax network, according to Australian IT.

    The network was expected to be rolled out in capital cities at a cost about $200 million, the Oz says. But Unwired chief executive David Spence said increases in financing costs caused by the global financial crisis have increased the price tag by 10-15 percent.

    The company now needs to tweak the funding package so the network can be built at “a much lower cost”, he said.

    Spence said the WiMax project is not facing cancellation by Unwired’s owner, Kerry Stokes’s Seven Group. He reckons the company could start building “in the next few months” but conceded that Seven was keeping a close eye on the budget.

    Some observers believe WiMax may have missed its big opportunity, with 3G HSPA networks – led in Australia by Telstra’s 3G – already servicing up to 98 percent of the population.

     

    Clive Peeters Bleeds In NSW

    Clive Peeters is set to report their half year results on the 27th February 2009 however analysts are tipping a net loss of $0.4M which represents a decline of 104%. Sales are believed to be down 16.3%.

    Contributing to the losses is a major downturn in NSW with analysts tipping losses in this State to be between $1M and $3M.

    One analyst writes in a briefing to vendors “We expect performance from NSW to be disappointing, with the tough trading environment, the large upfront marketing costs and the lack of brand traction to be the main contributor of the A$1.7m EBIT loss. We have assumed no interim dividend”.

    They added “Losses in NSW – We expect losses in FY09 and FY10 of A$3m and A$1m, respectively. An update on conversion rates and a discussion of potential changes to store locations (closure of some poorly located stores, opening better located stores) is expected. A weak trading environment and store openings may put further constraints on cash flow.

    Several vendors that ChannelNews has spoken to claim that they are waiting for the KPMG report into the operations of Clive Peeters.

    Fairfax Profits Tank 23%

    Australian media group Fairfax Media Ltd has reported a first half loss of $365 million, a 23% decline on the same period last year.

    The company has also wriiten down the value of publications like the Australian Financial Review, The Sydney Morning Herald and the Age as consumers desert the publications for niche websites and online news sources.  

    Chief Executive Officer Brian McCarthy,has said that advertising revenue from newspapers has declined significantly as both vendors and consumers move away from reading Fairfax media properties.

    Fairfax has taken a $447.5 million loss on the value of its newspaper mastheads and licenses.

    Sales at the publisher of the Sydney Morning Herald, the Australian Financial Review and Melbourne’s the Age newspaper rose 0.5 percent to A$1.44 billion with online growing by up to 12%.

    Bloomberg reports “Cost containment and further cost-cutting initiatives will be key to the result,” Finola Burke and Belinda Tilbrook, analysts at Credit Suisse AG, wrote in a report dated Feb. 20. Sales “will come under pressure from a deteriorating advertising market,” they wrote.

    Classified advertising is expected to remain weak for the rest of the fiscal year, Fairfax said today.

    “We are focused on continuous operational improvement,” McCarthy said in the statement. “For now, we have battened down the hatches and we will ride this storm out.”

    Retail Up 2% And That’s Official

    Retail sales over the Xmas New Year period were 2% higher than last year, claims the Retail Traders Association proving that the Federal Government handouts did makes their way into the economy they say.

    Retail sales over the Xmas New Year period were 2% higher than last year claims the Retail Traders Association proving that the Federal Government handouts did makes it’s way into the economy they say. 

    The Association’s executive director, Richard Evans, says the Federal Government’s cash handouts, and the falls in petrol prices and interest rates have helped buoy the retail market.

    And he says he is expecting the handouts to continue to flow through to cash registers.

    “It’s too much to expect that people went out immediately and spent it, they may have used it on their credit cards or to reduce debt, but they’ll soon realise that they’re cashed up and they’ll start re-entering the market place,” he said.

    Mr Evans also says retailers have been slashing prices to get rid of stock but he says prices are unlikely to remain low with the slump in the Australian dollar.

    “Expect less range on the shelves over the winter months and probably a little bit more extra in price,” he said.

    “What we have to understand though, this is a normal cycle… a bit more severe than normal though of course, but we’re expecting growth to come back into the retail market in April-May this year and with strong growth in the September quarter.”

    OZ Interest Rates Not Cut As Expected

    At its meeting today, the Australian Reserve Bank Board decided to leave the cash rate unchanged at 3.25 per cent. In a statement to the markets Board Govenor Glenn Stevens said that Australia was in a better position than a lot of other Countries and that demand had not weakened.

    The statement said that recent data confirm that the world economy has remained very weak following the sharp decline in demand that occurred late last year. The major industrial economies reported large contractions in output in the December quarter, as did a number of emerging market economies across Asia and eastern Europe. Many countries are likely to be experiencing further falls in output in the current quarter.

    Conditions in global credit markets have improved since November, but sentiment remains fragile. Share prices have weakened and banking systems in several major countries are still under pressure, as authorities work towards a resolution of the balance-sheet problems. Significant macroeconomic policy stimulus is being put in place around the world, but it is too soon to see the effects of those measures.

    In Australia, demand has not weakened as much as in other countries and, on the basis of currently available information, the Australian economy has not experienced the sort of large contraction seen elsewhere. The Australian financial system remains strong and the monetary policy transmission process is working to deliver large reductions in interest rates to end borrowers. Nonetheless, economic conditions are clearly weak, and given the speed and scale of the global economic deterioration and its effect on confidence, weak conditions are likely to continue in the near term. Inflation is likely to decline over time.

     

    In response to that outlook, there has already been a major change in both monetary and fiscal policy. Market and mortgage rates are at very low levels by historical standards and business loan rates are below recent averages, reducing debt-servicing burdens considerably. Together with the substantial fiscal initiatives, the cumulative decline in interest rates will provide significant support to domestic demand over the period ahead. On this basis, notwithstanding evident economic weakness at present, the Board judged that the stance of monetary policy was appropriate for the moment. The Board will consider the position again at its next meeting.

    Feds Do Nothing As Banks Hurt Small Business

    COMMENT: One has to seriously question whether the current Federal Government actually understands small medium business and that right now thousands of SMB organisations are starved of cash because of high interest rates and a refusal by banks to loan money to SMB organisations.

    During the past week I have spoken to several small medium business owners who are terrified that they are set to lose their business because banks are still charging up to 9% interest on overdrafts to small medium businesses while also refusing to loan them additional money that will help them manage the economic downturn.

    One has to seriously question whether the current Federal Government actually understands small medium business and that right now thousands of SMB organisations are starved of cash because of high interest rates and a refusal by banks to loan money to SMB organisations.


    Do they actually realise that the mainstream Banks in Australia are still charging up to 8 or 9% interest on business overdrafts  to SMB organisations of which there are more than 2 million small businesses in Australia employing approximately 4.5 million people.


    And if those businesses start falling over it will create a much bigger problem than whatever the decline in the automotive or construction industries will have on the economy.


    Small business in Australia has a total capitalised worth of $4.3 trillion 4 times that of the Australian stock exchange. Small business is a very important sector of the Australian economy.

     

     

    In the consumer electronics and IT industry the biggest suppliers are small medium businesses that distribute technology products into retailers who are responsible for 11% of all employment in Australia.


    The reserve bank has set the prime interest rate at 3.5% so in essence banks are pocketing between 4.5% and 5.5% on the money they lend to SMB organisations.


    They are also raking in billions from the 12 to 18% interest rate they charge on credit cards.


    But what is the Federal Government and Prime Minister Kevin Rudd and Tresurer Wayne Swann doing for SMB organisations. We know that they are concerned about the automotive industry which is primarily made up of foreign Companies who take their money out of Australia and we know that he is concerned about the mining industry who also exports their profits.


    But what about SMB organisations that keep the bulk of their profits in Australia and are the engine room for the economy.
    Surely there are grounds to hold an inquiry into the high cost of money for the SMB industry and surely the industry is worth supporting not by pouring in money to prop up organisations but by creating a fair and level playing field.

     

    Why should the Government pour money into construction and automotive companies like James Hardie and Brookfield Multiplex, who are going to take their profits out of Australia after being propped up by Kevin Rudd?


    And what’s to stop the Australian Government tipping $10B into a fund strictly for SMB borrowing where the interest rate is 1.5% above prime. The answer is nothing.

    Late last week the governor of the Reserve Bank, Glenn Stevens, said at a Senate hearing that bank chiefs should not let overzealous loan officers choke credit to small businesses and increase the risk of recession.

    Mr Stevens told the Senate hearing that he Reserve was ready to lower interest rates further if it was needed however there is every chance that SMB organisations will not see lower interest rates due to banks interest gouging. So while home loan mortgage rates fall to 5.2% and lower the chances are that SMB organisations will over coming months start laying employees off and then there will be a bigger issue as to where the money is going to come from to pay the low mortgage payments.

    Regional Australia & WA To Boom Claim Citi Group

    NSW is a retail basket case when it comes to retail spending according to Cit Group Analysts however Victoria is even worse. According to a new report. Victoria was the slowest state at 5.6% growth, NSW recorded growth of 6.4%, while Queensland was the fastest growing state at 9.2%.

    Overall Australian retail spending grew 6.9% however the reduction in commodity prices is likely to lead to a slowdown in interstate migration and income growth for Queensland and Western Australia in 2009 say Citi Group.

    The retail report claims that many retailers have expanded their presence in the resource rich state of WA. However, only a handful of retailers have a large exposure to faster growing regional areas and a small exposure to the weakest state – NSW.

    Retailers with the best geographic exposure are Metcash, Harvey Norman and Woolworths.

    They claim that Australia is a two-speed economy, whether it be those regions exposed to the resources boom and those that are not, the metropolitan versus regional divide or higher-end households spending significantly more than middle and low ncome households.

    While retail spending was strong in 2007, not all parts of Australia enjoyed the good growth they say. NSW and Victoria have lagged the other states. In addition, rural and regional areas have suffered despite demographic trends favouring population growth in those areas.

    Major Retailers want to be in Western Australia due to the fact that WA delivered 9.9% growth in calendar 2006 and a further 10.5% increase in 2007. What is hurting several retailer including the likes of Harvey Norman is their exposure to NSW.

    CitGroup say that retailers with an over-exposure to NSW have suffered during the past few years. In 2006, growth was 4.4% and 6.4% in 2007, both below the national average however premium retailers still performed strongly in NSWbecause the State has more wealth andhigher income growth.

    In 2009 CitiGroup expect retail spending growth to accelerate in regional Australia. Its exposure to both the mining and agricultural industries will lead to stronger income and population growth than for major metropolitan areas. They note that over the past three months, significant rain has fallen over many agricultural areas in the east coast of Australia. Additionally, agricultural commodity prices have soared – wheat prices are up 91% in the past year (in Australian dollars). Therefore, farmrelated income is expected to rise significantly in 2008 and 2009.