Tuesday 27 February 2024

Post #275 27 February 2024

 

Gentlefolk,


This post describes some of our activities during the period 1 - 27 February 2024 (we will visit Adelaide for a few days, hence the earlier date of this post).


The contents of this post are in the following sequence:

Photos of our activities during 1 - 27 February 2024.

News items which caught my eye in period 1 - 27 February 2024.

International Trade.

A bit of fun.



Herewith photos of our activities in February:



Yuni Ryan's 60th birthday party was great fun. I met Peter when we both worked at the Australian Embassy in Jakarta in 1988-91. He was in the Defence Section, while I was in theTrade Section. 
 


Some of the guests wore fancy dress.


A group of musicians entertained with Indonesian songs.


Vera & Ketut Nanik at Yuni's birthday bash.




Fun concert by Shortis & Simpson, with Nigel and Beth (owner managers of Smith's Alternative Cafe).
Wonderful entertainers, we are S&S groupies!





I attended Thomas McCoy's U3A creative computing training course on Scratch 3, used to teach kids coding and software. Will it help me communicate with grandkids Eddie and Jay?



Tending my parent's graves at Gunghalin Cemetery.



U3A Australian History course started again; organiser Judy Bentley.



This month several activities related to Chinese New Year on 10 February; welcome the Year of the Dragon.  


Chinese New Year celebrations at Dickson.



The ACFS's Carol and Angela selling lanterns at Dickson.



President of ACFS Carol Keil welcomed guests at the lunch for CNY.



Indonesian music group performed at Canberra's Multicultural Festival; Vera played ukulele.



Musicians Yetty, Marcia, Betsy, Marioleyn, and Vera




Indonesian dance group Borobudur Dancers at the Multicultural Festival.


Indonesian dancer at Multicultural Festival.



Lunch with Jim O'Callaghan and Patrick O'Hara.



We had 46 participants at the Lantern-making Workshop this year (21 adults and 25 children).










Vera & Jean at the Lantern-making Workshop. Jean is the main organiser and does a great job.






Lunch with former AUSTRADE colleagues: Jim Enright, Pat Stortz, Geoff McKie, Pater Kane, me, Brendan Dyson, and Ian Ffrench.






The Lantern Festival is held 2 weeks after Chinese New Year and marks the end of these celebrations. It is the main public activity organised by the Australia China Friendship Society (acfs.org.au) every year. There is a lot of organising involved. Carol Keil does an amazing job, assisted by, among others, Jean Norman, Brian Keil, Neil Birch, Vincent Wong, and Tanja Naeher & Michael.







A good crowd, estimated at 600+ people, attended the Lantern Festival.  It was entertaining watching all the performances of Chinese music and dancing. The highlight was the Lion Dance followed by the lantern parade around the Beijing Garden.  We were blessed with nice weather this year.




Cost of fuel has increased since last month. Costco is usually the cheapest in Canberra.




......

 

News items which caught my eye 1 - 27 February 2024.

($ are US dollars unless otherwise shown)

Global

 

Lunar New Year (Feb 10) was celebrated in many Asian countries.

USA struck dozens of Iran-associated targets in Syria and Iraq, in retaliation for attack on Tower 22 US military base in Syria.

USA & UK continued attacks on Houthi sites in Yemen.

Farmer protests in several EU countries and India.

Shell reported a profit in 2023 of $28B (down from $40B in 2022); paid UK tax of $1.1B.

Michelle O’Neill (Sinn Fein) inaugurated as First Minister of the Northern Ireland Assembly, following end of a boycott by DUP of the May 2022 election.

F1: Lewis Hamilton (39) will join Ferrari after 11 years with Mercedes.

Extensive wildfires in Chile, 130+ dead.

Pakistan elections: although he was locked up, Imran Khan’s party PTI won 93 seats (of 336).

Buckingham Palace announced that King Charles is being treated for cancer.

Ukrainian born Karolina Shiino (26) controversially crowned Miss Japan (she lived there since 5); but later resigned following revelations of an affair with a married man.

Current world record Marathoner Kelvin Kiptum (24) 2 hours 35 seconds died in a car crash in Kenya.

Indonesian election was won by Prabowo Subianto (72) and running mate Gibran (36) (Gerindra Party) with 58% of vote. They will be inaugurated in October.  

Japan and UK economies both entered technical recessions with two consecutive quarters of negative growth.

Putin’s main political rival, Alexei Navalny (47) died in a Siberian prison. 

The German Parliament (407-226) passed a law decriminalizing the personal use of cannabis.

Sweden will become the 32nd member of NATO (Hungary & Turkey dropped opposition). Finland joined a year ago.

 

Israel – Hamas (Gaza)

Israel – Hamas/Gaza: Now an estimated 30,000 Palestinians have died in Gaza, majority women and children; another 70,000 injured (with little medical help available, many will die). UN repeated warnings of widespread hunger./disease.

Several countries (incl US) expressed concern at plans by Israel to attack Rafah which houses around 2M Palestinians (many fled from the north).

USA sanctioned 4 Israeli Settlers for violence n the West Bank.

USA vetoed a resolution in the Security Council calling for an immediate ceasefire in Gaza (13 members supported the motion, UK abstained).

800+ serving officials in the USA and Europe signed petitions calling for more balanced policies related to Gaza.

A Dutch court halted the export of F35 jet parts to Israel.

Big demonstrations in several cities around the world calling for an immediate ceasefire in Gaza.

Brazilian President Lula accused Israel of genocide in Gaza.

WFP stopped deliveries of food aid to Gaza due to chaotic situation.

 

Russian invasion of Ukraine

24 February 2nd anniversary of the Russian invasion of Ukraine.

Russia – Ukraine prisoner swap, 195 each.

EU leaders agreed on non-military aid package to support Ukraine’s budget: $33B loans and $17B grants.

Ukraine sea-drones attacked ships in Russia’s Black Sea fleet (estimated 20% of the fleet has been destroyed or damaged).

Ukrainian missiles shot down a Russian A-50 surveillance plane (the second).

Military chief General Zaluzhnyi was replaced by General Oleksandr Syrskyi.

Ukrainian troops pulled out of Avdiivka, Dontesk.

President Zelensky said that Ukraine had lost 31,000 military since the Russian invasion (US intelligence agencies put the figure much higher).

 

USA

 

Federal Appeals Court (3 judges, unanimous) rejected Trump’s claims of total immunity – they said that he can be prosecuted on charges of plotting to overturn the 2020 election.

Trump won the South Carolina Primary for GOP presidential nominee (beat Nikki Haley by 20 points)

The HoR voted 214-213 to impeach Homeland Security Secretary Alejandro Mayorkas (first Cabinet Secretary to be impeached since 1876).

NYC Judge Arthur Engoron fined Trump $355M for fraudulently inflating the value of his properties - he is appealing, but in the meantime interest charges are accuring. Trump was also fined $83M for defaming the reputation of E Jean Carroll. 

On Trump’s instructions Republicans blocked the bipartisan Border deal, and the foreign aid package for Ukraine, Israel and Taiwan.

Trump expressed anger that only 11 (of 31) NATO members have reached the target of 2% of GDP spending on defence (Poland 3.9%, USA 3.5%).

Trump launched sneakers and cologne made under license using his name.

Democrat Tom Suozzi won the NYC HoR seat vacated by George Santos.

A US drone killed leader of Kataib Hezbollah in Baghdad.

NFL 58th Super Bowl played in Las Vegas on Sunday 11/2 was watched by an average of 123M. San Fran 49ers were leading at half time, then KC Chiefs came back to tie the score, taking the game into overtime. Chief’s quarterback Mahomes threw a touchdown with 3 seconds to go to win the game 25-22. Singer Usher starred in the half-time show. There was a shooting during the victory street parade in Kansas City (1 dead 30 injured).

US inflation rate was 3.1% (down from 3.4%).

20th anniversary of founding of Facebook. Meta (FB, Instagram, WhatsApp, Oculus) reported Q4 2023 revenue of $40B and profit of $14B.

Elon Musk announced that his company Neuralink has completed the first implant of a wireless chip in a human brain.

Trainers worn by Michael Jordan during his 6 NBA Championship wins sold for $8M.

A 500km-wide “atmospheric river” hit California, caused widespread damage (strong winds, mud slides, flooding).

Jennifer Crumbley (45) mother of school shooter Ethan (he killed 4, wounded 7 at Oxford High School, Michigan), found guilty of 4 counts of involuntary manslaughter (“gross negligence”). Ethan’s father James will face trial in March.

American TV host Tucker Carlson interviewed Pres Putin in Moscow.

The FCC banned AI generated scam robo calls.

The Supreme Court of Alabama’s decision that frozen embryos are children is expected to have a huge negative impact on IVF treatment.

American company Intuitive Machines successfully landed a spacecraft on the moon, the first by a commercial firm, but it tipped over on touchdown.

Valuation of Silicon Valley chip-maker Nvidia passed $2T (behind Microsoft, Apple, and Saudi Aramco).

 

Australia

Prime Minister Albanese (60) and partner Jodie Haydon (45) announced their engagement.

Australian citizen Dr Yang Heng jailed in China in 2019 given death sentence for spying (but can be commuted). He decided not to appeal.

Construction giant St Hilliers in receivership.

Indigenous activist Dr Lowitja O’Donoghue, died aged 91; she was “Australian of the Year” in 1984.

Brumby rugby player Rob Valetini won the John Eales Medal for Best Player.

Govt’s industrial relations changes were approved by Parliament; minimum standards for gig workers; right to disconnect without prejudice.

Report by former ACCC head Alan Fels uncovered price gouging by big business (banks, supermarkets, airlines, energy companies).

The Aust Parliament voted 86-42 to call for Julian Assange’s return home (his final appeal against extradition from the UK to the US is imminent).

American singer Taylor Swift played to huge sell-out crowds in Melbourne and Sydney.

39 illegal immigrants from India, Pakistan and Bangladesh were apprehended in the far north of Western Australia and sent to detention camp on Nauru.

Australian Navy (above water) to get $11B increased funding over ten years.

The price of nickel has fallen sharply in the last year, putting in doubt the future of mines and BHP's nickel smelter in Kalgoorlie. 

 

 

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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 February 2024; they are largely self-explanatory.


























































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A bit of fun:














If only it were that simple....




Barnaby Joyce (National Party MP) was found in this state last week.




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That's if for this post.

Canberra weather has been great this month: warm days and cool nights. Long may it last!


Best wishes, stay healthy and keep smiling.

Vera & Alex Olah
Canberra, Australia
Tuesday 27 February 2024