Sunday, 31 March 2024

Post #276 31 March 2024

 Gentlefolk,


This post describes some of our activities during the month of March 2024.


The contents of this post are in the following sequence:

Photos of our activities during March 2024.

News items which caught my eye in March 2024.

International Trade.


March turned out to be a busy month, with trips to Adelaide (by air), Sydney (by train) and Broken Hill (by car, with Robin and Tieke).

We've been blessed with really nice autumn weather during March: warm days (and not much wind) and cool nights. 



Herewith photos of our activities in March:



ADELAIDE, South Australia

We flew to Adelaide, the capital of the State of South Australia, to see our friends Karen and Llew and also Mena and Gary. The distance is 970km, and the flight takes about two hours.

I last visited Adelaide about 30 years ago, and Vera had never been there. Karen and Llew kindly put us up for 4 nights - they have a nice townhouse in North Adelaide, a super convenient location close to the City.

Karen and Llew showed us around Adelaide - they are justifiably proud of their city. We also went to the McLaren Vale wine area and then back along the southern beaches. As a special treat they took us to a Fringe Festival show - 'Whitney' - which was great fun.

We also spent a day with Mena and Gary. They took us to Hahndorf, a historical German settlement in the Adelaide Hills and then showed us some of the beaches close to the City, including Glenelg. 

Vera & I were impressed by Adelaide - a really liveable city, not too big (1.3M) and well planned.

We saw and did a lot in a short time - thanks guys, we really appreciated all your hospitality!!! 



The statue of Colonel William Light (1786-1839), South Australia's first Surveyor General on Montefiore Hill, North Adelaide.  In 1836 he chose the site for Adelaide and laid out the basic plan. The City layout is based on a practical grid pattern, with a band of parkland which goes right around the City and separates it from the suburbs,
Wish other Aussie cities were as well planned!  





Vera in front of Karen & Llew's townhouse in North Adelaide.




Magnificent French Gothic style St Peter's Cathedral in North Adelaide. Construction started in 1869 and took 9 years. 




We had lunch at the Mount Lofty Lookout (700m above sea level), with extensive views across Adelaide.



Karen & Llew took us to a "Whitney" concert during the Adelaide Fringe Festival.




Lunch at Fox Creek Winery in McLaren Vale, about 45 minute drive south of Adelaide. McLaren Vale is a major wine region with over 60 wineries.



d'Arenberg Winery, with Dali sculpture and "Cube" in the background.




From McLaren Vale we drove back to Adelaide along the nice southern beaches, such as Maslin, Noarlunga and Christies. We were impressed that beaches, wineries, national parks are so readily accessible from Adelaide. Here you can live near a beach and within 30 mins of the City, for less than A$1 million!



Adelaide has many fine museums, but I only had time to visit one, The David Roche Foundation museum in North Adelaide. It houses the marvellous collection of David Roche (1930-2013).  The son of a weathy property developer, David was an avid collector of 18th and 19th century furniture, paintings, clocks and ceramics. His house is a veritable "Aladdine's cave" of beautiful objects.




One of the rooms in David Roche's home which is now the museum.




The David Roche Museum had a special exhibition related to Quilts with a military connection - fascinating. Often army tailors would make quilts of old or discarded clothing.









Gary and Mena took us up to Hahndorf, a German settlement in the Adelaide Hills about 30kms from the City. The King of Prussia forced Protestant churches to amalgamate but "Old Lutherans" resisted and some fled to South Australia, arriving early 1839; they established a village which they called Hahndorf after Dirk Hahn, the Danish captain of the ship, who helped them get settled.




Many nice old buildings in Hahndorf. We had lunch (a huge meat platter) in The German Inn.




On our last day in Adelaide, Saturday 2 March, we had lunch at Henley Beach Surf Club with Karen & Llew, and Karen's son Nathan and his family.  We had not seen Nathan for several years and it was good to catch up with him and meet his family.
We flew back to Canberra that afternoon, the end of a most enjoyable few days in Adelaide.



CANBERRA




My niece, Britt, is a self-taught artist. She decided to exhibit her artwork at the Hall Markets and we visited to give her moral support. Here is Vera with Britt and her son Tui.
Good initiative, Britt, and good luck!




QUEANBEYAN (near Canberra)



Our friends Niken & John had a stall "Indo Noodles" at the Queanbeyan Multicultural Festival. Good luck with your new venture!




The performance stage at the Queanbeyan Multicultural Festival. 






CANBERRA



We attended The Chief Minister's annual concert at the Albert Hall.



A Puccini opera in the Albert Hall. Tragic story: a young unmarried woman gives birth. Her baby is given away and she is sent to a convent. When she learns, 10 years later, that he son died she commits suicide to join him.







SYDNEY Quick trip for the kids' birthdays (Jay 7, Eddie 10).





Friday evening, after Jay's Little Athletics, we had pizza in Surry Hills.



This frozen yogurt shop on Crown Street was very popular.



Bondi Beach on Saturday morning,




Three girls and a boy came around to celebrate Jay and Eddie's birthdays.




Caroline preparing Jay's birthday cake.



We took the kids to school on Monday morning, before returning to Canberra.




CANBERRA




We went to this exhibition at the National Gallery.




This volunteer guide introduced the exhibition to us. In 1977 batik making was introduced to the indigenous women living at Utopia (a remote indigenous settlement in the Northern Territory). Some beautiful examples of their batik was on display. About 10 years later painting on canvas was introduced. They quickly adopted the new art because it was much less onerous than batik. 





Examples of painting from Utopia. 



An exhibition of paintings by Vincent (born 1983), great grandson of Albert Namatjra, was in an adjoining room. They have very different styles. 





Vincent has a sense of humour.



Our U3A Australian History group made an excursion to Mt Stromlo Observatory (an agency of the ANU), near Canberra. Our excellent guide was Dr Brad Tucker. Did you knoww that the first telescope was built in 1911, which made it the first structure built be the Federal Govt in the ACT?





Walter Duffield was the first Director of the Observatory. He (and family)  moved into this residence in 1928. Most other buildings here were badly damaged in the big fires of 1952 and 2003 (500 homes were destroyed in Canberra in the 2003 fire). The house has been partially rebuilt so that visitors can inspect it.  



The Observatory is part of the ANU's Research School of Astronomy and Astrophysics.



Inside the Instrumentation a& Technology Centre.


Ice creams after dinner: David & Christine, Vera, Noel, Thuy and Tien and me.


Monthly Old Time Dance social at Belconnen Seniors organised by Audrey & Rob.



MILDURA, VICTORIA


We did a road trip to Broken Hill in far west of NSW, 17 - 22 March 2024. Our first overnight stop was Mildura, the next day we drove to Broken Hill (3 nights), then returned via Dubbo and Cowra (see below descriptions).




Robin and Tieke were going to a family reunion in Broken Hill, and kindly invited Vera & me to travel with them. First day we drove 800km from Canberra to Mildura. Thankfully Robin loves driving; the whole trip was 2,400km and he drove all the way - a champion!
Mildura, about 500km north west of Melbourne, is a huge fruit growing region (grapes, citrus etc).



The Grand Hotel dates back to 1891. Refurbished, but retains old charm. Famous restaurant Stefanos is in the basement. It is colsed on Sundays so we ate in the restaurant upstairs.



The mighty Murray River at Mildura.



WENTWORTH NSW



Wentworth is 35km north of Mildura, in NSW, at the confluence of the Murray and Darling rivers.  Then we drove on to Broken Hill (260km). Robin thought we could get petrol on the way, but that service station had closed. We just made it to Broken Hill with only about a litre left!



BROKEN Hill, NSW



A German boundary rider Charles Rasp  (1847 Stuttgart - 1907 Adelaide) found silver here in 1883 and formed the BHP Company.  Three years later, with growing wealth, he moved to Adelaide, married Agnes Klevesah (they honeymooned in Broken Hill) and basically retired.
BHP grew to become Australia's largest company. 




We did a "walking tour" of BH. Our guide, Ross, was a retired miner, very knowledgeable. The streets are all named after minerals/metals. Having made a fortune, BHP pulled out in 1939 to go on to bigger and better things (it became Australia's biggest company). There are two mines still operating, but at much-reduced rates.  Much of the actual mining has been mechanised.
An odd thing about BH is that they use South Australian time, although the town is in NSW. They feel much more aligned with Adelaide (about 500km) than with Sydney (about 1,500km).

 

On 1 January 1915 two men of Turkish affiliation fired on a train filled with holiday-makers, killing two and injuring several (two more died subsequently). They were hunted down and killed. An angry mob burnt down the German Club that night.



Construction of the Trades Hall started in 1898. Unions were very strong in BH. Early conditions were awful and an estimated 900 miners lost their lives. 


l
The Palace Hotel dates back to 1889. Some of the scenes of Priscilla, Queen of the Desert were filmed here. The walls are covered with landscape murals painted in the 1970s by indigenous artist Gordon Waye. At its height BH had a population of about 35,000 and 62 pubs. The population now is around 16,000 (about 10% indigenous), with some ten pubs still operating.


The ceiling mural in the Palace Hotel.


This sign is a common sight on many streets in BH city centre; drinking and drunkenness are, presumably, continuing problems.


View from Line-of-Lode Hill (created by mine residue or mullock) which overshadows Broken Hill.
Apart from being a town dominated by a slag heap, other notable things about BH: wide streets; angle parking; quiet; many empty/closed shops and hotels; nice old architecture; 
it uses South Australian time (although located in NSW); two Chinese restaurants; the High School has mold which requires major renovation.
I found BH interesting, Vera less so.


The Miners' Memorial on top of the residue hill overlooking BH. About 900 men died in the mines. 



We visited the Sculptures in the Living Desert State Park 12km outside BH.



SILVERTON (about 25km from Broken Hill)




A "silver-rush" brought a population of 3,000 here in 1883, but within five years the silver was gone and miners departed, many to Broken Hill which turned out to be a much bigger mineral deposit.
The guide on our tour, Milton Hawke, actually grew up in Silverton before moving to Broken Hill to work in the mines. He showed us the reservoir which supplied Broken Hill with water (now there is a pipeline from Wentworth); we visited the Old Goal Museum, the Mad Max Museum, an art gallery, the Silverton Hotel, and had a pie in the Bakery (delicious!).




The Silverton Goal had 14 prisoner cells. It has been converted into a really interesting little museum. Highly recommended.




Interesting museum of Mad Max 2. Also highly recommended.



With Mel Gibson in the Mad Max Museum. These movies kicked off his acting career.




Back in Broken Hill





Five painters were known as the "Brushmen of the Bush".  We visited the galleries of Pro Hart and Jack Absalom.




We visited Pro Hart's Gallery, he is the best known local artist.


Kevin Charles ('Pro') Hart 1928 - 2006. He grew up on the family sheep farm near Menindee.  He worked in the mines for 20 years before being discovered as a painter in the late 1960s.
He was a man of many talents: miner, painter, sculptor, collector, body builder, father. He married Raylee Tonkin in 1960 - they had 5 children. He had a collection of Rolls Royce cars and motor bikes. He was "Australian of the Year" in 1983.
A remarkable person.



Reclining nude.


The home brew party, 1976.


Self portrait 1982.


Part of his collection of Rolls Royce cars.






Back to Canberra, via DUBBO and COWRA



Sunrise on the drive from Broken Hill to Wilcannia, lots of wild goats grazing along the road. The landscape was dead-flat. Then on to Cobar, and Dubbo where we overnighted.  Stopped in Cowra to see the Japanese War Cemetery and the Japanese Garden.
The round-trip from Canberra to Broken Hill and back was 2,400km. 





We drove through Willcania (a sad little town), then Cobar, Nyngan, Narromine, and overnighted in bustling Dubbo.  The following day Wellington, Molong, Canowindra and Cowra where we visited the Japanese War Graves and the impressive Japanese Garden.



A wonderful Japanese Garden commemorates Cowra's connection with Japanese POWs (although there is no mention of WW2 or the break-out). The attached cultural centre is interesting too. Highly recommended.
In August 1944 some 1,000 Japanese Prisoners of War (of a total of about 2,000) attempted a break-out; 231 were killed, as well as 4 Australian guards.
There were also about 1,200 Indonesian political prisoners (advocates of Indonesian independence) interned in Cowra. They were transported to Australia by the fleeing Dutch when the Japanese invaded Indonesia in 1942 and the Australian government agreed to 'house' them until they could be returned to prisons in Indonesia.



CANBERRA




Back in Canberra just in time for the Brumbies v Moana Pasifica rugby union game at Canberra Stadium. We had a big win 60 - 21.


We called on old friend Geoff George. He had a fascinating life - from merchant marine captain to academic (Japan specialist) to painter. I'm looking forward to his autobiography later this year. 



One of Geoff's paintings. He took up painting late in life; had a studio in Bali.



Three book launches in March


I attended this book launch. ANU Vice Chancellor Genevieve Bell interviewed the author, Andrew Leigh. Andrew was an Economics Professor at the ANU before being elected as the ALP Member for Canberra in the Federal Parliament (he wanted "to make a difference"!). In the Albanese Govt he is the Assistant Treasurer. Impressive intellect.
A man of many talents: runs marathons, has a family of 3 boys,  a responsible and busy job but still finds time to write books - amazing!


Andrew Leigh signing copies of his book. 



Kathy Lette is well known author. Her first book was Puberty Blues. This is her 20th book. 



Kathy is funny and quick-witted (like her books); the audience at the book launch loved hearing her stories.


I'm sure Jen can relate to Kathy, so bought the book.



Another book launch, this time by Julia Baird, ABC TV journalist.



Julia Baird signing books.





Cost of fuel at Costco, end March 2024.



......

 

News items which caught my eye in March 2024.

($ are US dollars unless otherwise shown)

Global

 

France: Parliament voted 780-72 to amend the Constitution to allow abortion; it was the 25th amendment to the 1958 Constitution.

UK: Tata, owner of Jaguar Land Rover, announced construction of a $5B electric battery plant in Somerset. Vaughan Gething, first black leader of Wales. Palace announced that Princess Kate has cancer. High Court postponed decision on extradition of Julian Assange to USA

Canada reinstated visa requirements for Mexicans as the number of asylum applications soars.

Bitcoin hit $69K, a new record.

Sweden joined NATO, its 32nd member.

Saudi Aramco profit 2023 $121B (down 25% 0n 2022).

Haiti: Gang violence disrupted govt and society.

Russia: Putin easily won the election, Pres for another 6 years; ISIS claimed responsibility for attack on concert hall in Moscow 140+ dead, many injured.

F1: Ferrari drivers Carlos Sainz and Charles Leclerc were first and second in the Australian GP in Melbourne (Max Verstappen stopped mechanical prob).

  

Israel – Hamas (Gaza)

117+ Palestinians killed by IDF at a food distribution site; more when the IDF attacked al-Shifa Hospital. By the end of March an estimated 32,000 Gazans had been killed (70% women and children); and 75,000 injured (many of whom will die due to lack of medical supplies and care).

The govt of the Palestinian Authority in the West Bank resigned.

WHO said people are starving in Gaza; USA started air drops of food for Gaza but admit limited effectiveness.

Sweden and Canada resumed payments to UNRWA.

Pres Biden told Israel that attacking Rafah would cross a “red line”. Senator Chuck Shumer called PM Netanyahu an obstacle to peace.

US Navy ship built a temporary wharf to supply Gaza with humanitarian aid.

Sec of State Blinken visited Saudi, Egypt and Israel to discuss post-war Gaza.

UN Sec Gen Antonio Guterres visited Rafah, he called for an immediate ceasefire and better access for humanitarian aid.

UN Security Council passed a resolution calling for an immediate ceasefire (USA abstained, so motion passed). Israel angry, postponed visit by key officials to Washington DC).

The UN’s Special Rapporteur on Palestine accused Israel of committing genocide in Gaza.

 

Russian invasion of Ukraine

US govt found savings of $300M which enabled replenishment of military supplies to Ukraine (major aid package still stuck in Congress).

Ukrainian drones hit 4 oil refineries inside Russia; Ukrainian missiles hit two Russian landing craft in Crimean port of Sevastopol.

 

USA

 

President Biden (81) delivered the “State of the Union” address to Congress; GOP reply by Senator Katie Britt (42, Alabama).

The “Super Tuesday” primaries were swept by Biden and Trump. Nikki Haley dropped out of the GOP primaries race. It looks as if the Nov 2024 election will be a Biden-Trump rematch.

The US Supreme Court ruled to keep Trump on the Colorado ballot; said that States can not remove a candidate for a federal election.

US Congress is investigating the possible threat of Chinese “connected EVs”.

HoR passed Bill (352-65) to ban TikTok unless it ‘divested”; Trump said it would benefit Face Book which he called “enemy of the people”.

Ruth Gottesman donated $1B to the Albert Einstein Medical College in the Bronx, which will enable students to study without tuition fees; Mackenzie Scott (former wife of Jeff Bezos) is donating $640M to not-for-profit organizations this year.

Macys announced the gradual closure of 350 stores by 2026; Family Dollar company announced closure of 1,000 shops.

Blizzards hit California and Nevada.

LeBron James (39) became the first NBA player to pass 40,000 points in regular season (Kareem Abdul Jabbar held the record with 38,387).

US budget $7.3T; Biden wants to increase taxes on large companies and billionaires. Congress passed last-minute govt funding package which averted a shut-down (good until September 2024).

2024 Oscars: Oppenheimer got 7 Awards; Poor Things got 4.

US National Association of Realtors changes rules to cut 6% commissions.

City of Minneapolis decreed that ride-share drivers should make at least the minimum wage of $15.57 per hour; Uber opposing.

A jury found James Crumbley (47) father of school shooter Ethan, guilty of involuntary manslaughter.

Reuters reported that in 2019 the CIA created a special unit to spread negative narratives related to China. Also that the US Office of National Reconnaissance paid Elon Musk $1.9B to have access to Starlink’s low-orbit satellites to monitor developments around the world.

Scottie Scheffer won PGA Sawgrass by one stroke; his final round of 64 was bogie-free.

Trump’s social media platform, Truth Social, went public (which could net him over $3B). Trump’s bond in NY fraud case was reduced from $464M to $175M; he has 10 days to arrange.

A container ship hit major Baltimore Bridge which collapsed; 7 missing.

 

Australia

ALP retained the seat of Dunkley (Vic) despite a swing of almost 4% to the Coalition. New member Jodie Beylea.

Australia-ASEAN Summit held in Melbourne; Govt announced new $2B fund to promote Australian trade and investment in SE Asia.

ASIO’s annual threat assessment by DG Mike Burgess; he said that a former politician (no name) joined a foreign spy ring. Commentators noted that only one arrest since the stronger Foreign Interference Act was passed in 2018.

Senate inquiry into Fire Ants held hearings in Brisbane, Newcastle and Canberra.

Judge Stephen Kaye found that Walter Sofranoff had a probable bias against former ACT DPP Shane Drumgold, which negated some of his negative findings (Sofranoff was investigating the DPP’s handling of the Bruce Lehrmann case and had a too-close relationship with Janet Albrechtson of The Australian newspaper).

The ACT Govt paid $90K to former Minister Linda Reynolds who was suing  former DPP Shane Drumgold for defamation.

NRL played two games in Las Vegas to start the 2024 rugby league season. The Roosters beat Broncos; Manly beat Souths. Rooster’s player Spencer Leniu was suspended for 8 games for a racial slur on Ezra Mam (called him a “black monkey”).

Sam Kerr, captain of the Matildas, charged in London for calling a policeman “a stupid white bastard” in January 2023.

 Sydney’s annual Gay & Lesbian Mardi Gras festival.

Govt changed Stage 3 tax cuts for wider benefit; an average wage earner on $73K will pay $1,504 less tax.

Analysis by Property Exchange Australia found that almost 30% of residential purchases are for cash (ie no mortgage).

Uber agreed to pay A$272M compensation for market disruption to 8,000 Aussie taxi owners.

Chinese Foreign Minister Wang Yi made official visit to Australia.

 

China

2023 GDP growth of 5.2% (Defence spending up 7%); Govt set 5% target for GDP growth in 2024.

2023 trade in goods surplus $608B. China’s preliminary trade statistics for January & February (the first two months of the year are normally joined to allow for CNY): Exports up 7.1%, Imports up 3.5% giving a record surplus of $125B.

7.7M marriages recorded in 2023; 2.6M uncontested divorces.

Tim Cook visited China to boost flagging Apple iPhone sales (market leaders are Vivo, Huawei and Honor).

China approved 6.4M copyright applications in 2023 (up 42%) mainly for works of art, computer programs etc.

The 508th Long March rocket launched 11 satellites into orbit.

 

 

 ......

 

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 March 2024; they are largely self-explanatory.




















......


That's it for this post.

We've been blessed with wonderful autumn weather in March (and into April): warm days, cool nights, little wind.  Days are getting shorter, and the sun is lower in the sky; leaves are turning. 


Best wishes, stay healthy and keep smiling.

Vera & Alex Olah

Canberra, Australia

Sunday 31 March 2024























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