Wednesday 31 May 2023

Post #265 31 May 2023

 Gentlefolk,

This post describes our main activities during the month of May 2023.


The contents of this post are in the following sequence:

Photos of our activities during May 2023.

Covid 19 pandemic - good riddance!

Some news items which caught my eye in May 2023.

International Trade.

Too good not to share.


Winter arrived in mid-May. The first half of May was good: clear blue skies, temperatures between 2C and 18C, but little wind so pleasant. Then winter arrived: temperatures from minus 5C to 14C, often cloudy with a biting wind, so unpleasant. The Bureau of Meteorology said the mean temperature (average of max & min) for Canberra in May was 7.8C, the coldest in years.

Our highlight of the month was a visit to Sydney. The main purpose was to see our friend Angie Zhang who is undergoing chemo - she is bearing up well so far - we also saw Andrew & Caroline and the two grandkids.

Here are some puzzling questions to brighten your day:



Photos of our activities in May.



Vera with Ketut Nanik. Their mothers were sisters from Singaraja, Bali. Ketut and her husband Adrian Clynes moved to Canberra a few years ago.




I attended this talk by the Ambassador of Costa Rica, HE Armando Vargas Araya. My eyues were opened about Costa Rica, a relatively small country of 5 million people situated between Nicaragua and Panama in Central America. Did you know that in 1948 Costa Rica voted to abolish the military? Yes, they do not have a standing army. Panama followed suit in 1993. Actually, according to Wikipedia there are about 20 countries (most small island states) which do NOT have a military. Isn't that amazing, to think of a world without arms!!!???




President of ACT AIIA Heath McMichael with Ambassador Araya. 



Betsy Phillips' birthday party (the number on the balloon was kind!).




Vera's cousin, Maggie and her husband Joop, visited from Sydney.



We went to a Shortis and Simpson concert at Smith's Alternative Cafe.


John Shortis and Moya Simpson in convert with Nigel and Beth who run Smith's. It was another wonderful night of entertainment.



Tony Maple led a guided tour of Queanbeyan for a group from the Australia China Friendship Society.
An estimated 60,000 Chinese came to Australia during the gold rush (1856-85), mostly to Victoria but several thousand also came to the Braidwood/Major's Creek/Araluen gold fields about 80km south of Canberra/Queanbeyan. About half managed to return to China, and the others stayed here, many becoming market-gardeners. 


Tony told the story of Bill Tankey whose father Tan Kee came to Australia from Fujian Province; he married Catherine West in Sydney in 1854. Bill was the second of their six children. Bill moved to Queanbeyan in 1888, had seventeen children from two wives. He was enterprising and had several jobs (including as a contracting company which built part of the railway to Cooma), and died in 1939. He is buried in the Catholic Section of the Queanbeyan cemetery.



The group in Strawberry Lane, Queanbeyan. In the 18902 Bill Tankey managed The Queanbeyan Leader newspaper which had offices here.




I watched the Brumbies v Highlanders at Canberra Stadium. The Brumbies won an entertaining game 48-32. The Brumbies have been the best of the Australian teams in the Super Rugby Pacific competition and are currently sitting 4th on the ladder (so will make the finals).


A photo of the Volunteer Guides of the Museum of Australian Democracy at Old Parliament House. Difficult to see, but I am in the centre at the back.





My father Akos Olah was born in Hungary on 19 May 1912; my mother Edeltraut Gorner was born in Germany on 18 May 1920. Both have long-since passed away, but we always think of our parents during May at the time of their birthdays.  This photo was taken about 1985.


My mother with her sister Magda, photo taken in 1950. We emigrated to Australia at the end of that year; brave new world!



Jen sent this framed family photo to Vera for Mother's Day. It was taken in Bali last month.




Andrew and I watched the South Sydney v Parramatta Rugby League game at the new Stadium in Sydney. Souths were the favourites, but Parra blitzed them.



We watched Jay (6) play soccer for Easts Football Club. James (holding the ball) scored a good goal.




The games are at Queens Park, just 10 mins walk from their home.




Here is Eddie's soccer team (also Easts) getting advice from their coach at half time. 




Dinner with Sydney friends, from left: me, Vera, Howard, Angie, Nikki, and Charles.



Angie Zhang; she is undergoing chemo at present. Brave girl!



Andrew's soccer team (all in their 40s); their competition is on Sunday mornings. 





Andrew's team played students from the University of NSW - oldies v youngsters - but they acquitted themselves well, with a final score of 3-all.





We saw this play at the Belconnen Community Theatre. Good fun, entertaining.




After the play we met some of the actors. From left: Kim Wilson (lead actor in the play), Vera, Robin & Tieke Brown, and Noel Cock.




On 13 November 2015 terrorists launched an attack in Paris, killing 131 and injuring almost 500. This film describes the action by the police to find the perpetrators before they can strike again. The film is frenetic and fast-paced (very different from 'normal' French movies).



In Australia this film was called "Cairo Conspiracy", set in Egypt in Arabic with English sub-titles. Adam is the son of a poor fisherman. He is offered a place to study at prestigious Al Azhar University in Cairo. Shortly after his arrival, the Grand Imam dies and Adam becomes an unwitting player in the power struggle to select a successor.
A good movie, with fine acting and a suspenseful plot.



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Covid 19 pandemic, January 2020 to May 2023.

Is it really over???

In May 2023 the WHO declared the Covid 19 pandemic was no longer a global health emergency. It was still around, but the number of new cases and deaths had fallen sharply and were being managed effectively.

Could this cursed pandemic, which has dominated our lives for the last 3 years, really be over?

The following table shows the top ten countries by number of cases, and deaths. The figures are taken from the Worldometers website, based on statistics from individual country government sources. But The Economist thinks these official figures are "rubbery" and that the real figures could be two or even  three times more.

 

Covid 19 Pandemic, Top 10 countries (ranked by number of cases). Figures have been rounded.

Source: www.worldometers.info accessed 26 May 2023

Country

Cases of Covid 19

Millions

Deaths attributed to Covid 19

Thousands

 

 

 

Global

689

6.9M

USA

107

1.2M

India

45

532

France

40

167

Germany

38

174

Brazil

38

703

Japan

34

75

South Korea

32

35

Italy

26

190

UK

25

225

Russia

23

399

 

 

 

Australia

12

21

China

0.5

5

 

......

 

News items which caught my eye during May 2023.

 

Global

 

World Health Organization said that “Covid 19 is no longer a global heath emergency”; 765 million confirmed cases, 7+ million dead.

Coronation of King Charles 3rd in London. Thousands attended including PM Albanese and GG Hurley. A grand spectacle, the British do it well.

The Americans nominated Ajay Banga to be the next President of the World Bank. He is an Indian-American who was CEO of Mastercard.

Two mass shootings in Serbia; gun controls introduced.

Imran Khan was arrested on corruption charges; freed on bail. Big protests.

Israel – Gaza heavy fighting.

The annual Eurovision song contest held in Liverpool was won by Loreen from Sweden.

Womens soccer: Chelsea beat Man United to win the FA Cup for the 3rd time; Sam Kerr scored; record crowd 77,390.

Turkiye: Recep Erdogan (52%) narrowly beat rival Kilicdaroglu to win a 3rd term of 5 years as President.

Thailand: the Opposition ‘Move Forward’ Party defeated the Govt (will end 9 years of military rule).

Cyclone Mocha devastated Myanmar and Bangladesh.

Europe’s Champions League final next month will be between Inter Milan and Manchester City.

Although Arsenal led most of the season, Man City won England’s Premier League (3rd successive win). Leicester City (The Foxes) relegated to second division (they won the Premier League in 2016). Luton promoted.

Bayern Munich pipped Borussia Dortmund to win the German Bundesliga for the 11th time. In France, Paris St Germain won its 11th championship; Messi scored giving him a total of 496 goals, one more than Ronaldo.

The G7 (USA, UK, Canada, France, Germany, Italy, and Japan) met in Hiroshima, Japan. President Biden cut short his overseas trip and returned to Washington to resolve the debt ceiling stand-off.

Greek election won by Centre-right New Democracy Party  (new PM Mitsotakis).

Syrian President Bashar al Assad attended the Arab League summit in Saudi, first time since 2011.

To combat emissions, France banned domestic short-haul flights of less than 2.5 hours, where train options exist.

Brazil declared a 6 monthly animal health emergency to contain the spread of avian flu (H5N1).

A Canadian report accused China of interfering in the last two federal elections (2019 and 2021). Denied by China.

Netflix began stopping the free sharing of passwords / access outside the subscriber’s home.

Germany has experienced two quarters of negative growth (Q4 2022 -0.5%; Q1 2023 -0.3%) which is the technical definition of recession.

The EU Digital Services Act obliges companies to tackle false/illegal online content.

350 leading academics and technocrats signed an open letter warning Govts of the potential dangers of  unregulated Artificial Intelligence (AI). 

  

Russian invasion of Ukraine

According to the BBC major military aid donors to Ukraine so far: USA $47B, UK $7B, Germany $4B, Poland $3B.

President Zelensky visited several countries during May to shore up support: Vatican, Germany, UK, Arab League summit in Saudi, and the G7 meeting in Hiroshima.

Russia extended the Ukrainian grain export agreement for 2 months.

USA agreed to allow supply of F16 jets to Ukraine.

Two separate drone attacks on Moscow were blamed on Ukraine (denied). A Russian anti-Putin group attacked installations in Belograd.

Russia fired missiles and drones at Kyiv for 3 consecutive nights; most were shot down, little damage. 

Everyone says the Ukrainian counter-offensive is imminent.


USA

 

Talks to increase the “debt ceiling” (set to expire on 5 June) dominated the media during the second half of May. Some House Republicans wanted big spending cuts, but Biden disagreed. A provisional agreement was reached on 29 May which still needs to pass Congress. Wall Street was volatile but steadied. 

A Manhattan jury found that former President Trump sexually abused (but did  not rape) E. Jean Carroll and awarded her $5M for battery and defamation. Trump will appeal.

Florida Governor Ron DeSantis declared that he will contest the Republican nomination for the 2024 Presidential election. Trump is way ahead as the preferred GOP candidate at present.

The Federal Reserve raised interest rates by 0.25% (to 5.25%); the 10th hike since March 2022.

US GDP increased 1.1% in Q1 2023; inflation rate was 4.9% in April, falling.

The FIDC accepted a bid of $10.6B by JP Morgan to purchase First Republic Bank (14th largest lender in the USA) which became insolvent.

In Q1 2023 a record 32 million passengers passed through NY airports (Kennedy, Newark and La Guardia).

Writers strike in Hollywood demanding better conditions.

Tests on two new drugs by Eli Lilly, Lecanemab and Donanemab, appear to slow Alzheimer’s Disease.

Richard Branson’s space coy Virgin Orbit filed for Chapter 11 bankruptcy.

Goldman Sachs paid $215M to settle a sex discrimination case (offered female staff lower pay and conditions).

Elon Musk announced Linda Yaccarmo as the new CEO of Twitter.

Warren  Buffett sold his stake in Taiwan’s TSMC.

California, Arizona and Nevada agreed to reduce extraction of water from the Colorado River, in exchange for $1.2B in Fed Govt aid.

Queen of Rock & Roll, Tina Turner, died in Switzerland aged 83.

Florida passed a new law prohibiting citizens of certain countries from owning property within 10 miles of critical infrastructure such as water plants and power stations: China, Russia, Iran, Cuba, Venezuela, and Syria. Texas may follow suit.

South Carolina law banning abortion after 6 weeks.

President Biden appointed Air Force General Charles Brown Jr as new Chairman of the Joint Chiefs of Staff. He is the second Black American (after Colin Powell) to lead the military.

  

Australia

The Reserve Bank raised interest rates by 0.25% (to 3.85%). Unemployment rate edged up, from 3.5% to 3.7% in April. Inflation rate also rose, to 6.8%.

The CEO of Qantas for 15 years, Alan Joyce, announced that he will be replaced by Vanessa Hudson (current CFO).

The Federal Govt said it would contribute $240M towards a new stadium in Hobart, which was a provision of the AFL to approve a Tasmanian team in the competition. The stadium has been controversial in Tassie.

The Federal Govt banned recreational vaping; sales thru pharmacies allowed.

Rents in Australia increased by an average of 11.7% over the last 12 months.

Westpac Bank announced half-year profit of A$4B (up 22% on year earlier).

Australian Trade Minister Don Farrell visited Beijing for talks with counterpart Wang Wen Tao.

NSW banned political donations from clubs with slot machines (similar bans on property developers, tobacco and liquor companies).

 ASIC figures: there were 828 company insolvencies in March 2023, almost twice as many as in March 2022.

The Govt offered the APS a 10% pay increase over 3 years.

Erstwhile super star entertainer, then convicted child molester, Rolf Harris, died in England aged 93.

The Victorian budget raised charges on large companies and rich individuals to raise funds to pay off the A$31B spent during the Covid pandemic.

PwC investigated for misuse of confidential govt information.

Premier of Western Australia, Mark McGowan (55), resigned from parliament citing exhaustion. He became Leader of the WA Labor Party in 2012, and Premier in 2017. Labor won the 2021 State election with a huge majority.

 

China

About one-third of China’s 2M military personnel are conscripts serving for 2 years; their focus is on space and cyber-warfare.

Chinese comedian fined $3M for joke about the military and Xi Jin Ping.

Q1 2023 China (1.07M) passed Japan (1M) as world’s biggest motor vehicle exporter. China’s exports of MVs in 2022 totaled 3.2M; big jump in exports of new energy vehicles.

China banned the use of Micron computer chips from infrastructure projects, citing network security risks.

First Chinese-built airliner, C919 starts commercial flights; single aisle, twin engine, 164 seats, range 5,500km. Orders for 1,035 aircraft received.

 



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INTERNATIONAL TRADE

My 30 year career as an Australian Trade Commissioner gave me an interest in matters related to international trade.  I subscribe to Bloomberg's excellent daily newsletter "Supply Lines - tracking Covid-19's impact on trade" (former title 'Trade Matters').  

Here are some of the more interesting graphs in the Bloomberg newsletter during May 2023; they are largely self-explanatory.






















































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...


That's it for another month, folks.

Our best wishes, stay healthy and keep smiling.


Vera & Alex Olah

Canberra, Australia

Wednesday 31 May 2023.