Thursday, 31 August 2023

Post #268 31 August 2023



 Gentlefolk,


This post describes some of our activities during August 2023.


The contents of this post are in the following sequence:

Photos of our activities during August 2023.

News items which caught my eye in August 2023.

International Trade.

A bit of fun - some politically-incorrect cartoons.

Highlight of the Month was the 2023 Women’s Soccer World Cup, hosted jointly by Australia and New Zealand. It started on 20 July with the final played on 20 August; 32 countries participated, 64 matches in many cities across Australia and NZ. Similar format to the Men's World Cup: 8 groups of 4 played a Round Robin with the top 2 in each group going through to the Knockout Stage, followed by Finals (Quarters, Semis, and Grand Final).

Major surprise, and fascinating: many of the "Big" soccer countries did not make the Finals: Brazil, Germany, Italy, Argentina, USA, Portugal.

Australia's team, The Matildas, did better than expected (unlike Europe, soccer has not been a mainstream sport here). We beat France in the Quarter Final (on penalties); but lost to England (3-1) in the Semis. Sweden beat us 2-0 for 3rd place. Still, coming 4th in the World was a great result. 

Spain (La Roja) beat England (The Lionesses) 1-0 in the Final, and were crowned World Champions (Spain is also current U17s and U20s World Champion). 

At the celebrations, the President of Spain's Football Federation, Luis Rubiales, kissed Jenni Hermoso on the mouth which became a major controversy.

Hinata Miyazawa (Japan) got the Golden Boot award for most goals (5); Aitana Bonmati (Spain) got the Golden Ball award for best player of the tournament; Mary Earps (England) got the Golden Glove award for best goalie.

The Women's World Cup certainly put Women's soccer on the map in Australia: big enthusiastic crowds at all the games, with record TV audiences when the Matildas played.


Photos of our activities in August 2023.



Former Prime Minister (2007 - 2010), Kevin Rudd, currently Australia's Ambassador to the USA attended the unveiling of his official PM portrait at Parliament House Canberra, together with family. The portrait shows him at work in his study, surrounded by books and Chinese porcelain. His pet cat is shown in the bottom right-hand corner.



We found this action shot of Andrew in 2003 when he played for Eastern Suburbs Rugby Union. They won the Sydney 1st Grade Competition (Shute Shield) that year.



I visited this exhibition at the National Archives. Gough Whitlam was one of our better Prime Ministers (1972-75).






Mr & Mrs Whitlam (both deceased).


Walking near the Sydney Opera House.


The National Archives has a permanent exhibition dedicated to Australia's Federation in 1901, when the six self-governing colonies joined toegther to form the Commonwealth of Australia. These were our "Founding Fathers": Henry Parkes, Edmund Barton, George Reid, Alfred Deakin, John Forrest, Samuel Griffith, Charles Kingston, Andrew Clark, Catherine Spence.


One can't imagine, now, Australia not one country. But Federation was not a foregone conclusion, with the 6 self-governing States all jealously guarding their own jurisdictions. 
Henry Parkes' famous speech in Tenterfield is creditied with starting serious discussion. Interestingly it focussed primarily on the threat of invasion (ie defence) as the driving force for Federation; there was no mention of "Australianness" or national identity. It took a decade of "hard jakka" to get it up. New Zealand attended the meetings, but in the end decided to go it alone. 



The Commonwealth of Australia Constitution Act, signed into law by Queen Victoria on 9 July 1900. The new country was proclaimed on 1 January 1901 by the Governor General, Lord Hopetoun, at celebrations in Centennial Park, Sydney.




RMC Duntroon Golf Course. The month or August, usually cold and frosty, had many nice days this year: calm and bright and sunny and around 15C. Great golfing weather.



We visited Sydney and wathch Eddie and Jay play soccer. Eddie's ball skills have improved even from the Kanga Cup in Canberra a month ago.  He is obsessed and really enjoys the game.


Eddie's team getting some half-time directions from their coach. 


Eddie plays for Easts Football Club. The team has dome well this year.


The 2023 Women's World Cup was co-hosted by Australia and New Zealand. Andrew and Eddie are both soccer fans and watched many games on TV.



Andrew got tickets to the Quater-final of the Women's World Cup, England beat Colombia.



Our seats in Stadium Australia were way up at the top.



Eddie & me at the England v Colombia Quarter Final; England won.




In the Final of the WWC Spain beat England 1-0. 



Andrew, Caz and Eddie went to the WWC Final at Stadium Australia. They managed to get front-row seats this time.


Eddie's "trophies" from the WWC. He got about 30 players from different teams to sign the T-Shirt.



We went up to the Gold Coast to look at retirement options. Enroute we stayed with Siri and Bob Morrison at Nambucca Heads, which is about half-way between Sydney and Brisbane. 
Bob and I were colleagues at the Australian Embassy Jakarta in 1972-3m and we have stayed in touch since then. They attended our wedding in 1973, Jen's in 2002, and Andrew's in 2011.



There are some really nice coastal walks around Nambucca.




Siri had a new "super-duper" armchair delivered.




We celebrated my 77th birthday with Siri and Bob.


This time we stayed at the San Mateo on Broadbeach. Beautiful weather, 13C - 28C every day. Amazing to think it's still winter and cold down south. I swam in the pool most days.


Broadbeach, just south of Surfer's Paradise. Our hotel was a block from the beach.




Watched the annual Surfer's Paradise Air Show; impressive skills.






The sea water temperature was 21C, some people swam but I prefered the hotel pool.




Vera found a friend near popular Kurrawa Surf Life Saving Club, where we had some meals.



Friends Nikki and Charles came from Brisbane. Charles was in one of my classes when I taught English at the China University of Petroleum, Qingdao. He fell in love with the Aussie way of life and is a permanent resident; a qualified engineer; he and Nikki moved from Sydney to Brisbane a couple of months ago.


Caught up with Denis and Irene Smith. Denis was Vera's boss at MC Computing in Canberra.




We had lunch with Michael Tjoeng at Kampung Malay. We were colleagues in the Australian Embassy Beijing in 1985-86.




Met Helen and Terry Nicoll at Halcyon Waters, Hope Island.


Inspected Seachange Riverside at Upper Coomera. 


Carolyn Verner showed us around Seachange Emerald Lake, Carrara.


Tania Carson showed us a villa at Adelphi Springs (gated community in Southport).




We went to Sunnybank, Brisbane to watch Nate's team GPS Gallopers play Ipswich in the semi-final of the Brisbane Under 16s Rugby Union competition. The pitch was pretty dry & dusty in places. Ipswich were bigger and stronger, but GPS were more agile.


Nate about to kick a penalty. He was captain and played 5/8.


Winner are grinners. Nate's team GPS Gallopers won 37 - 36 with a penalty right on full time. 
He played well - has very good ball skills & sense.
The following week GPS beat Brothers 20 - 16, to get them into to Grand Final against Sunnybank. Fingers crossed!
 

Tom, me, Vera and Jen at Nate's footy match.




Jay and Eddie dressed up for "Book Week" at Waverley Primary School.


The teachers at Jen's school dressed up for "Book Week". This was Jen's last week - after 5 years at Grovelly, she decided a change was needed  - will start next week in the Admin Office of a large Catholic Girls School, Mount St Michael in Ashgrove. 


On our return from the Gold Coast we stayed with Niniek and Paul for a night. They took us for dinner at the Pennant Hills Golf Club, where Paul is a member.


The best steak I've had for a long time - perfectly cooked (medium rare) and flavoursome. Thanks Miltons for a very pleasant night.




I arranged for our U3A Australian History group to visit the Museum of Australian Democracy at Old Parliament House.



The Australia China Friendship Society hosted a talk on Traditional Chinese Medicine by two expert doctors.


We returned to find trees in full blossom in Canberra.


I am a volunteer guide at the Museum of Australian Democracy in Old Parliament House. The volunteers were invited to a morning tea, to meet the new Chair of the Board of MoAD, Barrie Cassidy.  He spent many years at Parliament House as a journalist, and is very well known as a political commentator; he was Bob Hawke's Press Secretary from 1986 - 91. He has fond memories of working in OPH and is an excellent choice the lead the Board.
Barrie attended the function with his wife, Heather Ewart, who is also a well known TV journalist (currently host of the ABC's Back Roads program).


Many volunteer guides attended the function to meet Barrie Cassidy.



A statue outside Old Parliament House in Canberra of the first women elected to Parliament: Dorothy Tangney was a Senator for WA from 1943 to 1967; Enid Lyons represented the electorate of Darwin, Tasmania, in the House of Representatives from 1943 - 51.
Someone has put sprigs of wattle in their hands.



......

 

News items which caught my eye in August 2023.

($ are US dollars unless otherwise shown)

Global

 

Pakistan: an ISIS-linked suicide bomber killed 45+.  Former PM Imran Khan (70) was sentenced to 3 years jail for corruption. Anti-Christian violence burnt churches.

Lebanon: clashes at the Eni el Hilweh Palestinian Refugee Camp, 11+ dead.

Canada: introduced health warnings on individual cigarettes.

Banking: HSBC reported first half 2023 profit of $22B (3x same period 2022).

UK: the annual stipend for the British Monarchy increased from 86M pounds to 125M pounds. Michael Parkinson, famous BBC chat-show host, died aged 88. Nurse Lucy Letby (33) found guilty of killing at least 7 babies.

Infant mortality: Sweden 1.8, Australia 3.3, USA 5.4.

Climate: Wildfires in Slovenia, Portugal, Greece, Canada (Yellowknife evacuated). Floods in India.

Italy: introduced a super profits tax on bank earnings.

Soccer: Harry Kane transferred from Tottenham to Bayern. Neymar transferred from PSG to Saudi al Hilal.

Moon/Space: Russia’s Luna 25 spacecraft crashed while attempting to land on the moon, but India’s Chandrayaan landed safely near the moon’s south pole.  August 2023 had two full Super Moons (aka Blue Moons) which occur about every 2.5 years. The moon is now 357K km from earth, about 30K km closer than average, so appears larger and brighter.

BRICS (Brazil, Russia, India, China and South Africa) leaders meeting held in South Africa. Other countries invited to join (Indonesia, Saudi Arabia, etc).

World Athletics Championships were held in Budapest.

Thailand: Srettha Thavisin finally installed as Prime Minister; former President Taksin Shinawatra (74) returned from exile and was arrested.

Japan: released treated waste water from the Fukushima Nuclear Power Plant.

Denmark: introduced a law against burning religious texts (such as Koran or Bible) in public. Sweden may follow.

France: banned the abaya (full length robe) in govt schools (previously had banned hijab head scarves in 2004).

Panama: drought has caused water levels to drop in the Panama Canal, reducing the size of ships able to access the Canal; 200 ships waiting.

 

Russian invasion of Ukraine

Ukrainian air drones made several attacks on Moscow and other Russian cities; sea drones attacked ships in the Russian naval base at Novorossiysk. Missiles hit bridge linking Russia and Crimea.

Saudi Arabia hosted peace talks on Ukraine; little result.

Ukrainian President Zelensky dismissed several recruitment officials for corruption.

US approved transfer of F16s fighters from Denmark and Holland to Ukraine; training of pilots and mechanics started.

Wagner Militia leader Yevgeny Prigozhin and 9 others died when his plane crashed north of Moscow.

According to New York Times estimates, Ukraine military casualties so far are 70K dead and 120K injured. The UN estimates civil deaths at 9,177.

 

USA

 

Former Pres Trump: two more (now total of 4) criminal indictments: (1) NYC falsifying financial documents in relation to payment to stripper (2) Wash DC mishandling classified documents, (3) Wash DC promoting the Jan 6 attack on The Capitol and seeking to overturn the election, and (4) Atlanta plotting to overturn the Georgia election result. Trump is the first President to face criminal charges, yet his support is solid; he even sold T-shirts featuring his mugshot.

Hunter Biden: Special Counsel David Weiss appointed to investigate Hunter Biden in relation to tax and gun charges.

Climate: Phoenix had 31 days of over 110F. Extreme heat killed an estimated 2147+ people in Arizona, Nevada and Texas. Wildfires in California, Nevada, Maui (Lahaina destroyed, 115+ died, hundreds still missing). Tropical Storms: Hilary hit California and Nevada, while Harold hit Texas, and Idalia hit Florida and Georgia.

Social Media: Top YouTuber (172M subscribers) Jimmy Donaldson, aka MrBeast, sued MrBeast Burgers for poor quality food. Influencer Kai Cenat caused chaos/riots in Union Square when giving away computers and play stations; 65 arrested.

Uber reported first profit: Q2 $326M.

Ratings agency Fitch downgraded US banks; stock markets fell.

Two US Navy sailors (both of Chinese origin) charged with spying for China.

After only 3 weeks, movie Barbie passed $1B at the box office.

Simone Biles (26) won the US Classic Gymnastics in Chicago.

Trade: imports from China in first 6 months of 2023 totaled $203B (25% down on same period in 2022).

Republican Party: first debate by 8 Presidential hopefuls. Trump refused to participate, instead did an interview with Tucker Carlson.

A ‘flash mob’ stole $300K worth of merchandise from the Yves St Laurent store in Glendale, California.

Deja Taylor, mother of a 6 year old boy who shot his teacher, pleaded guilty to child neglect.

Pres Biden met with leaders of Japan (Fumio Kishida) and South Korea (Yoon Suk Yeol); closer relations.

Serena Williams and Alexis Ohanian had second daughter named Olympia.

Economy: US inflation rate 3.2% for 12 months to July (Jerome Powell, Fed Chair, said inflation still too high). US house prices rose 2% (median now $407K) following 5 months of falls.

 

Australia

Economy: Inflation in Q2 (Apr, May, June) was 6%; RBA kept interest rates at 4.1%.

Cricket: England won the 5th Test, to make it 2-all; Aust retained Ashes.

AFL: Lance (Buddy) Franklin retired, having kicked 1066 goals with Hawthorn and the Sydney Swans.

US Airforce to spend $630M on a mission planning and operations center in Northern Australia. A US Osprey helicopter crashed near Darwin, 3 US marines dead and 20 injured.

Voice: 14 October announced as date for the referendum on an indigenous Voice in the constitution; vigorous campaigning for both the Yes and No sides.

Australia’s Diamonds beat England 61-45 in Cape Town to win the World Netball championships.

KPMG was accused of inflating invoices for work done for Dept of Defence.

Former Qld judge Walter Sofronoff’s report into the handling of the Lehrmann case criticized both the AFP and DPP Shane Drumgold (subsequently Drumgold resigned, and sued the ACT Govt).

The Victorian Govt agreed to pay $380M compensation for cancelling the Commonwealth Games.

News Ltd dropped the defamation case against Crickey (and paid $840K for Crickey’s legal fees).

Coles and Woolworths, the 2 leading supermarkets, reported record profits.

Justice Stephen Gageler will replace Sasan Kiefer as the 14th Chief Justice of the High Court. HC Justices must retire at age 70.

 

China

Floods: major flooding in Beijing, Tianjin and Hebei Province; 33+ dead, many missing.

Covid: requirement for a negative Covid test for inward visitors scrapped.

Minerals: export licenses introduced for two rare earths Gallium and Germanium which are used in the manufacture of semi-conductors.

Tariffs: China scrapped the 80% tariff on Australian barley which was imposed in May 2020.

Trade stats for July: exports decreased by 14.5% (incl 21% to US) while imports fell by 12.4%.

Property: Evergrande reported a loss of $4.5B in the first half of 2023; it filed for Chapter 15 bankruptcy to allow it to restructure debt in US. Another big property developer, Country Garden, reported a loss of $7.6B in first half of 2023.

Gina Raimondo, US commerce Secretary, visited Beijing and Shanghai. UK Foreign Minister, James Cleverly, visited Beijing.


 

 

......


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 August  2023; they are largely self-explanatory.























......



A bit of fun - politically-incorrect cartoons.









Clever!



......


That's it for this post.

Best wishes, stay healthy and keep smiling.

Vera & Alex Olah

Canberra, Australia

Thursday 31 August 2023.





















Monday, 31 July 2023

Blog post #267 31 July 2023

 Gentlefolk,


This blog post describes some of our activities during the month of July 2023.


The contents of this post are in the following sequence:

Photos of our activities during July 2023.

News items which caught my eye in July 2023.

International Trade.

A bit of fun - paraprosdokians.







We had 10 days in Brisbane while Jen, Tom & family were winter camping down near Grafton. Looked after their dog, a lovely Rhodesian Ridgeback..



Jen showed us the development under Storey Bridge.



We took the boys to a golf simulator. You can actually play a round of golf!



Kurt turned 18 in July. Here in his Marist College uniform, in his final year of school. Big lad, he has turned into a lovely young man. Kurt will start an electrician apprenticeship next year.



A typical teenager's bedroom - guess whose???


We met up with old friend Michael Tjoeng.


Flew back to Canberra to watch Eddie play in the Kanga Cup, biggest junior soccer tournament, 293 teams participated from around Australia (and a couple from overseas). But why it is held in July baffles me - it is the coldest month in Canberra and can be decidedly uncomfortable (although kids don't seem to feel the cold as much as their parents and grandparents!).
Eddie's team, Sydney Easts Under 9s, did well but lost in the semi-finals.




Andrew was an "Assistant Coach" for Eddie's team.


The Kanga Cup was held at 6 venues around Canberra; Eddie's team played all their games at Mawson.


Eddie in action, beautifully balanced. He is developing into a very good player.


Another good action shot.


Trophy winners with the Coach and two Assistant Coaches. Eddie got the "Parent's Award for best player" (the other two were the main goal scorers).



We visited the Royal Australian Mint, where Australia's coins are made.


The kids made their own coins - for $3 the machine will create a special coin.



Found a big mob of kangaroos in Weston Park.


Temperature was close to 0C, but never too cold for ice cream.



Heading back to Sydney after the Kanga Cup; from left: Jay, Vera, Eddie, Caz, and Andrew.



We hadn't seen Bob & Siri for a while, so decided to drive to Nambucca Heads for Bob's birthday. Stopped in Sydney to check out the apartment in Artarmon.


Said hello to Geoff and Albert in Palm Lake Resort, Forster. Geoff recently had a hip replacement and is recovering well. 



Coffee with Siri and Bob at the RSL Club in Nambucca. I first met Bob 50 years ago when we were colleagues at the Australian Embassy in Jakarta (I was in the Trade Section and Bob was in the Military Section). Great friends. Bob &n Siri attended Jen's wedding and later Andrew's wedding too. 

a
On the board walk along the Nambucca River.


Paddle boarder and friend on the Nambucca River.


Professor Craig Pearson gave an interesting talk to the U3A Australian History group on "Evolution of Australian agriculture".


With Aniko and Peter Carey.


Our weekly lunch group: Noel, David, and Paul (Paul undergoing chemo, doing well so far).



With Health, watched the GWS Giants beat the Gold Coast Suns at Manuka Oval.
Aussie Rules players have a great range of skills.




Celebrating Raden Dunbar's 77th birthday. Raden and Iis are special.


Good crowd at the annual Indonesian Embassy fete.




Celebrating Dejon/Tui's 15th birthday. Family photo: Tui, Angie (proud grandmother), Lani, Britt (proud mother), and Nouvie. Tui is turning into a fine young man. Sasha was a surprise visitor from Sydney.



We attended a charity dinner for Nepal. Good way to end the month.


......

 

News items which caught my eye during July 2023.

($ are US dollars unless otherwise shown)

Global

 

Soccer: 2023 Women’s World Cup, hosted by Australia and New Zealand, commenced 20 July, final on 20 August; 32 countries are participating; 64 matches in many cities across Australia and NZ.

AI: first human-Robot media conference held in Geneva.

Brazil: The Supreme Electoral Court found former President Bolsonaro guilty of abuse of power and banned him from running for 8 years; he will appeal.

The Netherlands: Dutch King William Alexander apologized for Holland’s historical involvement in slavery (abolished in 1863). Stolen treasures will be returned to Indonesia and Sri Lanka. Mobile phones will be banned in Dutch classrooms.  The coalition Govt resigned on differences over immigration.

Israel: strong military operation in Jenin. The Knesset passed a law restricting the power of the Supreme Court, which triggered widespread demonstrations.

UK: hottest June since 1884 with average of 15.8C. UK joined the CPTPP Comprehensive and Progressive Agreement for Trans Pacific Partnership which was established in 2018. Founding members: Australia, Brunei, Canada, Chile, Japan, Mexico, NZ, Peru, Singapore, Vietnam. Trump pulled the USA out of early discussions. China has expressed interest. American Brian Harman won the British Golf Open by 6 strokes (13 under); no 3 putts!

NATO: conference in Vilnius, Lithuania. Turkey agreed to support Swedish application to join NATO.

Weather: intense heat in southern USA, Italy; floods in India, China, Japan, South Korea, USA; wildfires in Greece, Algeria, Canada (990 active fires have burnt 30M acres), California, etc.

Wimbledon Tennis: Marketa Vondrousova (Czech) beat Ons Jabeur (Tunisia) to win the Women’s; Carlos Alcaraz (Spain) beat Novak Djokovic (1-6,7-6,6-1,3-6,6-4) to win the Men’s Singles.

France: Jane Birkin, English-French singer and actress, died in Paris aged 76. After cleaning efforts, swimming will shortly be permitted in the Seine, after being prohibited for a century.

EU: Car registrations in the EU in June totaled 1.27M vehicles; sales of electric vehicles up 55%, diesel vehicles down 10%.

India: banned the export of non-basmati white rice to safeguard supplies.

F1: Max Verstappen (Red Bull) won the Hungarian Grand Prix, his 7th win, and then the Belgian GP.

Cycling: Dane Jonas Vingegraade won the Tour de France for second time.

Swimming: 2023 World Acquatic Championships held in Fukuoka, Japan, 14-30 July. Top 3 Countries: China 20 Gold, 7 Silver, 10 Bronze = 37 Total; Australia 15G, 7S, 3B = 25 Total; USA 4G, 18S, 15B = 37 Total.

  

Russian invasion of Ukraine

The USA agreed to supply cluster bombs to Ukraine (neither is a signatory of the Anti-Cluster Munitions Treat signed by 123 countries), as part of a $800M military aid package.

A drone attack damaged the Kerch Bridge, a key link between Russia and Crimea; also, a big ammunition dump at Krasnohvardiske was targeted. Russia responded with missile attacks on Odesa and other cities (Ukraine shot down 14 Cruise missiles and 23 drones). Two drone attacks on Moscow during July; Pres Zelensky described drone attacks on Russian territory as "inevitable, natural, and fair".

Russia did not renew the Black Sea grain export arrangement which allowed Ukraine to export grain by sea.

Russia took control of subsidiaries of Danone (France) and Carlsberg (Denmark).


USA

 

The FBI and Pentagon reported that the alleged Chinese Spy Balloon which was shot down in April did not transmit data to China.

Former Pres Trump: Trump was confirmed the strong favorite at “Republican Hopefuls” event in Iowa, despite facing two trials, with two more possible.

After being knocked back by the Supreme Court last month, President Biden announced a new income-driven student loan repayment scheme (SAVE = Saving for a Valuable Education).

Economy: Foreign trade in March: imports $254B (down 2.7%), exports $163B (down 0.6%) giving a goods trade deficit of $91B. Unemployment rate fell to 3.6%. Inflation rate in May and June 3%. Fed Reserve raised interest rates 0.25%. DJI rose for 13 consecutive days.

Supermodel Naomi Campbell (53) had a son.

Joey Chestnut ate 62 hot dogs in 10 minutes to win the 4th of July contest; Miki Sudo ate 39 to win the women’s contest.

Meta (Mark Zuckerberg) launched “Threads” to compete with Twitter; quickly gained 100M followers, but about half subsequently left. Meta reported profit of $7.8B in Q2 2023.

US customers spent $6.4B in 24 hours on Amazon Prime Day.

Hollywood strike: Actors joined writers on picket lines; key issues are: better wages, residuals, and concern over AI.

Dementia: trials of two drugs appear to slow down dementia: Donanemab by Eli Lilly and Lecanemab by Eisai & Biogen.

Tony Bennett, popular singer, died aged 96; 20 Grammy Awards.

Pres Biden nominated Admiral Lisa Franchetti to lead the US Navy; first female Head of Navy.

Seven companies working on Artificial Intelligence (AI) agreed on safeguard protocols to limit AI.

New movies: Barbie took in $155M on its opening weekend; Oppenheimer $94M.

400 mass shootings (at least 4 dead, excluding the gunman) have occurred in the USA in the first 7 months.

Elon Musk changed the Twitter logo from Blue Bird to “X”. Tesla reported Q2 2023 revenue of $11.3B in USA and $5.7B in China.

UPS agreed terms of new contract with the Teamsters Union, avoiding strike.

  

Australia

NACC: The new National Anti-Corruption Commission began work.

NSW-ICAC found that former Premier Glady Berejiklian had engaged in corrupt conduct in 2016-18 on behalf of boyfriend Daryl Maguire. Not charged.

The critical report of the Royal Commission into Robodebt found that the scheme was ‘neither fair nor legal’. Kathryn Campbell, who headed up the Department of Human Services at the time, resigned from the Public Service.

The age to receive the Old Age Pension was raised to 67 years.

The mandatory Superannuation Levy on salaries was increased to 11%.

President of Indonesia, Jokowi, made an official visit to Australia.

The Govt approved the use of psychedelic drugs (like MDMA) to treat depression.

Cricket: Australia retained the Ashes in England; controversial stumping of Jonny Bairstow in the 2nd Test.

Nationally house prices rose 1.1% (after falling for some months due to higher interest rates).

Reserve Bank of Australia (RBA): new Governor Michelle Bullock will replace Philip Lowe in September; no change in interest rates this month.

Weather: Strong El Nino forecast for a hot and dry summer (last time July 2019 – March 2020, “Black Summer”, fires burnt 35M hectares around Aust).

Ash Barty and Garry Kissick had a son, Hayden.

All States agreed to ban smart phones and watches in public (govt) school classrooms from next January.

The Premier of Victoria, Daniel Andrews, announced that the State would not host the 2026 Commonwealth Games, blamed cost blow-out.

The Voice: latest Newspoll showed that support for the Voice has slipped to 41% (38% of females, 45% of males); the referendum will be held in Q4.

AUSMIN talks between senior Australian and Americans held in Brisbane (Penny Wong / Richard Marles and Antony Blinken / Lloyd Austin).

 

China

US Treasury Secretary Janet Yellen visited Beijing.

Govt imposed penalties totaling $1B on financial companies for violations of consumer protection laws.

China’s GDP rose an estimated 0.8% in Q2 2023, giving a 12 month figure of 6.3%. Urban youth (16-24) unemployment 21%.

Evergrande, once China’s second biggest property developer, announced losses of $81B in 2021 and 2022.

Henry Kissinger visited Beijing; still going strong at 100!

Foreign Minister Qin Gang was replaced by Wang Yi. Economist Dr Pan Gong Sheng (60) appointed Governor of the People’s Bank of China (PBoC).

 

 

 

......




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 July  2023; they are largely self-explanatory.






























......



Paraprosdokians are figures of speech in which the latter part of a sentence or phrase is surprising or unexpected and is frequently humorous.

(Winston Churchill loved them). 

 

1.     Where there's a will, I want to be in it.

2.     The last thing I want to do is hurt you, but it's still on my list.

3.    Light travels faster than sound, some people appear bright until you hear them speak.

4.     If I agreed with you, we'd both be wrong.

5.     War does not determine who is right – only who is left.

6.     Knowledge is knowing that a tomato is a fruit.  Wisdom is not putting it in a fruit salad.

7.     They begin the evening news with 'Good Evening,' then proceed to tell you why it isn't.

8.     To steal ideas from one person is plagiarism.  To steal from many is research.

9.     I thought I wanted a career.  Turns out, I just wanted pay cheques.

10.  In filling out an application, where it says, 'In case of emergency, notify:  I put "DOCTOR."

11.  I didn't say it was your fault, I said I was blaming you.

12.  Women will never be equal to men until they can walk down the street...with a bald head and a beer gut, and still think they are sexy.

13.  Behind every successful man is his woman.  Behind the fall of a successful man is usually another woman.

14.  A clear conscience is the sign of a fuzzy memory.

15.  You do not need a parachute to skydive.  You only need a parachute to skydive twice.

16.  Money can't buy happiness, but it sure makes misery easier to live with.

17.  There's a fine line between cuddling and holding someone down so they can't get away.

18.  I used to be indecisive.  Now I'm not so sure.

19.  You're never too old to learn something stupid.

20.  To be sure of hitting the target, shoot first and call whatever you hit the target.

21.  Nostalgia isn't what it used to be.

22.  Change is inevitable, except from a vending machine.

23.  Going to church doesn't make you a Christian any more than standing in a garage makes you a car.

24.  I'm supposed to respect my elders, but now it's getting harder and harder for me to find one.


......


That's it for this post.

Best wishes, stay healthy and keep smiling.

Vera & Alex Olah

Canberra, Australia

Monday 31 July 2023