Wednesday 30 November 2022

Post #259 30 November 2022

 Gentlefolk,


This post describes our activities in the month of November 2022.


The contents of this post are in the following sequence:

Photos of our activities during November 2022.

Some news items which caught my eye in November 2022.

Some significant events so far in 2022 ...

International Trade.


Highlight

The highlight of the month was spending 10 days in Sydney helping look after Eddie & Jay while their parents were on a business trip to the USA to promote their furniture (reddie.com.au).  Good to spend quality time together; they are growing up so quickly!



First, here are photos of some of our activities during November 2022.



Andrew and Caz asked us to look after Eddie & Jay while they did a 2 week business trip to the USA. Four grandparents look after 2 grandkids!!! From left: Paul, Niniek, Vera & me.



The kids have lots of after-school activities.


Walking up  Birrell Street to Waverley Primary School on Bronte Road, about a kilometre from home. The kids insist on carrying their (huge) school bags.



Jay and Eddie on WhatsApp chatting to their parents in the USA. Technology makes 'keeping in touch' so much easier these days.


Tennis lessons at Coogee Tennis Club. Eddie is hitting the ball really well; Jay is improving.


Coogee Beach. We used to come here quite often when Vera & I lived in Sydney 30 years ago.


Eddie has a "Sprint" class in Centennial Park.


While waiting for Eddie, I came across the "Federation Memorial" in Centennial Park. On 1 January 1901 60,000 people gathered here to celebrate Australia's Federation: the 6 self-governing British colonies joined together to form one country, the Commonwealth of Australia. The original temporary Memorial didn't last long. This one was inaugurated in 1988, during Australia's Bicentennial celebrations (200 years of European settlement).


The plaque commemorating Australia's Federation and the Federation Memorial. It is difficult to read. The Plaque and Memorial are completely under-stated, for an event which was so significant in Australia's modern political history.
Australia's first Governor General, Lord Hopetoun, asked Edmund Barton to form an interim Government on 1 January 1901. The first federal elections were held on 29 & 30 March 1901. Of the 76 seats in the House of Representatives, Edmund Barton's Protectionist Party won 31 seats, George Reid's Free Trade Party won 28 seats, and Chris Watson's Labor Party won 14 seats. Labor agreed to support the Protectionist Party, so Edmund Barton became Australia's first Prime Minister. 


Many streets around Bondi Junction and Queens Park feature magnificent old fig trees. Most common are the Moreton Bay Fig (Ficus Macrophylla) and Port Jackson Fig (Ficus Rubiginosa). This photo is of Brisbane Street, Bondi Junction near Andrew & Caz's home.


I had a look at this exhibition, which is on the wonderful 'sea walk' between Bronte Beach and Bondi Beach. It is an annual event in Spring, but was not held during Covid.


It was the last day of the Sculptures by the Sea exhibition - big crowds.





A view back to Bronte Beach. 


It was a beautiful, warm day (after weeks of cold and rain) and Bondi Beach was crowded.



Many people played beach volleyball on Bondi Beach, and also beach tennis (as in this photo). There are many more sporting facilities than when we lived here 30 years ago. In summer I used to come down most days after work, around 6.30pm, and jog along the sand and have a swim. Great fun.





We had lunch with our friend, Charles Yu.


My first cousin Oda, and her daughter Marion, came from Germany and spent a few weeks in Australia to see Marion's son, Moritz, who lives and works in Melbourne. We caught up with them in Sydney. From left: Aniko, Marion, Angie, Oda, Vera & me.



Coffee break in the lovely Queen Victoria Building in Sydney.


Oda and Angie.


We visited the magnificent Chinese Garden at Darling Harbour.



Layout of the Chinese Garden, which was a gift from the City of Guangzhou. It is a veritable oasis in the middle of a huge city.





The Chinese Garden is surrounded by apartment buildings and offices.


Feeding frenzy.



We had a family gathering at Caz & Andrew's home in Queens Park; from left: Davide, Angie, Sasha, and Marion.



We saw a play "Sunshine Super Girl" about indigenous tennis star Evonne Goolagong Cawley. She was born in 1951, grew up in Barellan, a small country town in NSW. Her father was a shearer, Evonne was one of 8 children. At the age of 14 she moved to Sydney to focus on her tennis.
Evonne played tennis professionally from 1970 until 1983. She won 14 Grand Slam titles: 7 singles, 6 doubles and one mixed doubles. In 1975 she married British tennis player Roger Cawley; they had two children, a daughter and a son.


The play was performed at the Q Theatre; the stage was set up as a tennis court.




Friends Angie and Howard visited from Sydney.



Book launch of Dreamers & Schemers by ANU historian, Professor Frank Bongiorno.



TV reporter Laura Tingle interviewed the author, Professor Frank Bongiorno.



Former Ambassador Kevin Magee gave an entertaining and informative talk to the Australia China Friendship Society on 23 November. He described highlights of his distinguished career, most of which was spent working on China-related issues.
Vera & I met Kevin and Vicky in Singapore 25 years ago, when we both worked at the Australian High Commission (Kevin was in the Political Section, and I was in the Trade Section).

 

The legendary "pig's knuckle" of the restaurant of the Harmonie German Club in Canberra. Yummy!


We attended a "Blues Piano Night". Five wonderful pianists entertained the crowd, individually and as a group. 



The renovated front steps and doors of Old Parliament House were re-opened on 27 November 2022, after being damaged by a radical Indigenous group last year.  It was a huge restoration project which cost millions of dollars. The perpetrators were charged and will appear in cour early next year.



Xmas concert by the U3A Brindabella Orchestra. 










Less than a month to Xmas!!!


Enjoying the Xmas lunch (turkey, ham followed by Xmas pudding) with Sue and Frank, hosted by the Southern Cross Club Woden.



Our Wednesday lunch group has been going for over 20 years: from left, Paul Flint, David Evans, me, Noel Cock, Neale Emanuel. We had lunch earlier today at the Flavours of India restaurant in Woden. Delicious food!



My brother Andy with his mountain-bike group in Rarotonga, Cook Islands. Super fit!



The price of fuel at Costco this week. Diesel is still much higher than petrol.







I read two books during November.



This novel was set in England and France in the 1790s, during a period of growing tension between the two countries. A female spy is sent to Paris to subvert bilateral discussions between the fledgling USA and Republican France.




This novel was published in 1996. It describes one of the first trials pitting long-term smokers (sufferers of lung cancer) against the tobacco industry, and particularly how juries can be influenced when the stakes are high. 
John Grisham is a fine author; it is a good read, fast-paced and believable. 



 News items which caught my eye during November 2022.

 

Global

 

Brazil Federal Election: Lula (Worker’s Party) beat Bolsonaro (Liberal Party) by 2.2 million votes.

India: Bridge collapse in Gujarat: 141+ dead.

Iran: Continuing anti-Govt demonstrations; over 300 dead, thousands arrested.

British Petroleum (BP) profit in Q3 $8.2B ($3.3B in Q3 last year). Govt will introduce a Super Profits tax on energy companies.

Israel: Benjamin Netanyahu’s party formed coalition; he is PM again.

Pakistan: former PM Imran Khan attempted assassination.

UK: Inflation 11.1% in October; Bank of England raised interest rates 0.75% (to 3%).

UN: Sec Gen Antonio Guterres addressed COP27 Climate Change Summit in Egypt with warning of grim future. Top emitters of CO2: China, USA, EU, India, Russia. Finally agreed on a “Loss & damage Fund” in which rich countries will help poor countries fight the effects of Climate Change.

World population passed 8B (it is estimated to peak at 10.4B).

Many world leaders attended big meetings: ASEAN; G20; and APEC. Presidents Biden and Xi held bilateral talks.

Turkey: Bomb in Istanbul killed 6 injured 81.

Major Crypto Exchange FTX (CEO Sam Bankman-Fried) filed for bankruptcy.

England beat Pakistan to win the T20 cricket cup (played in Australia). England is also the current T50 One Day Champion.

Football (Soccer) World Cup in Qatar (20 Nov-18 Dec). 32 teams competing. Impressive opening ceremony; but then hosts Qatar were beaten 2-0 by Ecuador.  A wonderful feast of soccer in Qatar, amazing skills. Some World Cup highlights/upsets so far: Japan beat Germany; Morocco beat Belgium; Saudi Arabia beat Argentina; Ronaldo has now scored for Portugal in 5 World Cups; wonderful scissors goal by Richarlison (Brazil) against Serbia. As of this morning (30 Nov) Netherlands, Senegal, England and USA have advanced to the Group of 16 knock-out stage. Australia lost to France but beat Tunisia; we play Denmark early tomorrow morning (our time) – praying for a win!!!

Indonesia: earthquake in West Java: 270+ dead, many injured and homelss.

England: Cristiano Ronaldo will leave Manchester United after disagreements.

Scotland: UK Supreme Court ruled that Scottish govt must obtain approval of British Govt before holding another independence referendum.

Malaysia: Anwar Ibrahim (75) to form a coalition Govt in Malaysia.

Taiwan: Taiwan’s president Tsai Ing Wen resigned as head of the DPP Party, following poor results in local elections; she will continue as President until 2024.

Canada beat Australia to win the 2022 Davis Cup (first time Canada has won this tennis competition).

USA permitted Chevron to recommence operations in Venezuela.

Singapore decriminalised gay sex (but still bans gay marriage).

 

Russian invasion of Ukraine

Russia cancelled the “Black Sea Grain Exports” agreement because of drone attacks, but later reinstated the agreement.

General Mark Milley, Chairman of the Joint Chiefs of Staff, estimated that the war in Ukraine has resulted in 100,000 dead & injured (including 40K civilians).

Ukraine military occupied Kherson following Russian withdrawal.

Two rockets landed in a Polish village killing 2 people. Ukraine and the Western media immediately pointed the finger at Russia. It turned out that the rockets were most likely from Ukrainian air defence.

Russian missiles target Ukraine infrastructure, such as power generation, as winter sets in.

President Putin said “We share your pain” to mothers of soldiers killed in Ukraine.

UK Prime Minister Rishi Sunak met President Zelensky in Kyiv; pledged continuing support.

  

USA

 

Federal Reserve raised interest rates 0.75% to 4%.

Houston Astros beat Philadelphia Phillies 4-2 to win the World Baseball Series.

Mid-Term elections held for 435 HoR seats and 36 Senate seats. The Republican Wave did not eventuate, it was much closer than expected. The Democrats retained control of the Senate (even without the Georgia runoff on 6 December); while the Republicans narrowly won control of the House of Representatives.

Jeff Bezos, founder of Amazon, said that he will give most of his fortune (estimated at $124B) to fight Climate Change and Inequality. He joins Warren Buffet and Bill Gates who have pledged to give their fortunes away.

Former President Donald Trump announced that he will seek to be the Republican nominee in the 2024 Presidential Election.

After several delays, NASA finally launched unmanned Artemis 1 spacecraft which will circumnavigate the moon.

President Biden celebrated his 80th birthday on 20 November.

Mass shooting in Colorado Springs gay club: 5 dead, 18 injured. Another mass shooting at a Walmart Store in Virginia.

The Supreme Court cleared the way for the House Ways & Means Committee to finally obtain Donald Trump’s tax returns.

Elon Musk took over management of Twitter; sacked half the staff.

The Federal Communications Commission (FCC) banned the importation and sale of products of 5 Chinese companies: Huawei, ZTE, Hikvision, Dahua, Hytern.

 

Australia

Vigils in many cities followed death of 15 year old indigenous boy Cassius Turvey in Perth; Jack Brearley (21) arrested.

Gold Trip (21:1) won the 3,200 metre Melbourne Cup.

Widespread flooding in Central-West NSW (Forbes, Gundagai, Wagga, Eugowra, Deniliquin, Condoblin, etc).

Australian trade surplus A$8.7B in August, A$2.4B in September.

PM Albanese attended ASEAN, G20, and APEC meetings. Many bilateral discussions, including with President Xi – hopefully reset the relationship?

Carnival cruise ship Majestic Princess: 800 of 3,300 guests tested positive for Covid.

Crazy weather on the East Coast: cold (including snow) in the south, hot in north.

Fears of 4th Covid wave with new cases up 47% this week.

Word of 2022: “TEAL” = female, independents elected during May election.

Trial of Bruce Lehrmann (accused of raping Britney Higgins) postponed to February 2023, following a mistrial.

Labor won the Victorian State election, giving Daniel Andrews a 3rd term as Premier.

Retired Justice of the High Court, Virginia Bell, presented her report on former PM Morrison’s secret assumption of 5 Ministerial portfolios. Not illegal, but “fundamentally undermined the principle of responsible government.” Labor Govt moved a parliamentary motion to censure Morrison.

The National Party announced that it would not support a proposed referendum on a  constitutional amendment to create an Indigenous Voice to Parliament (Labor policy).

Today Parliament voted to etablish a national Anti-Corruption Commission.

 

China

President Xi attended G20 and APEC meetings, his first travel outside China since Covid started.

Spike in new Covid cases (around 40,000 new cases); 2 deaths (first in 6 months).

Despite recent relaxation of the strict rules, reports of protests / demonstrations in at least 16 cities against the Zero-Covid policy – people tired of lock-downs – most unusual to see this level of dissent in China.

China launched manned Shenzhou 15 spacecraft; the three astronauts will replace those on the Tiangong Space Station and will live there for 6 months.

 

 

 

Some significant events so far in 2022 ...


January 2022

Ash Barty won the Australian Open Women’s Singles. She then retired from tennis (World #1). Got engaged.


February

Russia invaded Ukraine on 24/2. Strong resistance by Ukraine (supported by NATO/West).

 

May

Labor won the Federal Election on 21/5; Anthony Albanese became Prime Minister.

Rich Strike (80-1) won the Kentucky Derby.

The Reserve Bank of Australia (RBA) started raising interest rates.

 

August

Commonwealth Games in Birmingham; Australia most medals.

Mikhail Gorbachev died.

Cameron Smith joined the LIV Golf break-away tour; A$140M signing on fee.

 

September

Queen Elizabeth 2nd died aged 96. King Charles 3rd took over.

Liz Truss replaced Boris Johnston as UK Prime Minister, but resigned after just 44 days.

Australian High Court became majority females (4/7 Justices).

 

October

Rishi Sunak(42) new British PM.

 

November

USA mid -term elections: Democrats kept control of Senate but Republicans took House of Representatives.

President Biden turned 80 (20/11).

Former President Trump announced he will run for 2024 election.

Anti-Zero Covid demonstrations in China.

 

Continuing

Russian invasion of Ukraine now in its 9th month.

Anti-Govt demonstrations in Iran (estimated 300+ killed).

 

 

...


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 November 2022; they are largely self-explanatory.


































...

That's it for this post.

Best wishes, stay healthy and keep smiling!

Vera & Alex Olah
Canberra, Australia
30 November 2022
































Monday 31 October 2022

Post #258 31 October 2022

 Gentlefolk,


This post describes some of our activities during the month of October 2022.

The contents of this post are in the following sequence:

Photos of our activities during October 2022.

Some news items which caught my eye in October 2022.

International Trade.

Who was Australia's best Prime Minister?



First, here are photos of some of our activities during october 2022.



Following advice that Capital Golf Course would close, Brian Edwards, Bill Nelson and I took out memberships of the Royal Military College Golf Course (aka Duntroon). It's a nice little course, about 5 km from home. Basically 9 holes (you play the second 9 to slightly different greens). While not as big or challenging as Capital, the maintenance here is much better, the bunkers are 'real', and it has reasonable club facilities. 


The Golf Course has nice sitting areas, inside and outside, for players.


A group teeing off on the 1st (and 10th) hole.



My niece, Sasha and her kids Bonnie and Oscar, stayed with us for a couple of days during the school break. Boonie is a talented dancer - amazing flexibility as shown here.  Oscar is an aspiring soccer player and has made the Cronulla District team.


We were in Sydney for Niniek's birthday and Andrew got 3 tickets (Andrew, Eddie and me) to attend the opening game of the A League Soccer Season. Sydney FC played last year's winner Melbourne Victory. The game was played at the newly reconstructed ($800M!) Sydney Football Stadium in Moore Park. It is a wonderful stadium for watching Soccer, Rugby Union and Rugby League. Andrew bought a life-membership. 





The weather was pretty miserable, but we had good under-cover seats. The skill level of the players was impressive, especially given the wet conditions. Melbourne ended up winning an entertaining game 3 - 2.



Eddie plays in an indoor soccer competition on Sunday mornings in Marrickville. His team has won a few games, but they were soundly beaten this time.



Niniek's birthday. She invited 30 people for lunch at Caroline and Andrew's home in Queens Park. The occasion was also a "Sukuran", a traditional Indonesian celebration to bless a new home.



Delicious Indonesian food - yummy!!!



Caroline got the "apex" of the rice, as the owner of the new home. Everyone was most impressed by the house, and expressed best wishes for the Olah family for the future.



Some of the guests - calling the birthday girl to cut the cake for dessert.



Vera attends a ukulele group on Tuesday mornings; the coordinator is Chris van Reyk (left side of photo). 


The spillway of Scrivener Dam was "blasting" after all the rain we have had. Actually, October was the wettest October ever in Canberra.


Picnic by AIFA (Aust Indonesian Families Association). A great bunch of people.



We visited Floriade, Canberra's annual Spring flower festival. It was great to have Floriade back after a 2 year hiatus due to Covid. Our 49th wedding anniversary was in a few days.





Tulips galore; wonderful!




Woden Valley celebrated it's 60th anniversary. Hughes was the first suburb to be developed in this area (1962), followed by Curtin (where we lived from 1996 - 2011. There were two dozen suburbs (basically Inner North and Inner South) when I arrived in Canberra in 1964 - there are now 116 (population of 80,000 then, 450,000 now)!



I am a volunteer English tutor for migrants on Monday mornings. This time the group made a visit to the National Gallery.



We are fans of Leo Joseph who plays blues piano. He celebrated his 64th birthday at the JazzBar in Yass which we attended toether with Sue and Frank Tavares. 



We saw this movie which was purportedly set in Bali ("Paradise", where Vera grew up) although it was actually filmed in Queensland. The other reason for seeing it was that a friend, Eva Barry, had a role. The two big Hollywood stars, Jennifer Roberts and George Clooney, stole the show.  They had gone through an acrimonious divorce years before, and were thrown together in a crisis involving their daughter. In the end they realised that they still had feelings for each other. A rom-com, or chick flick, 4 stars out of 10. 



Almost a year after his death, the Department of Defence organised a Memorial Service for our good friend Paul Barratt.  Admiral (Ret'd) Chris Barrie gave a moving eulogy. Paul was certainly one of the good guys!



I rarely wear a coat and tie these days - mainly to funerals!


Bryce Courtenay (1933-2012 aged 79) was born in South Africa and migrated to Australia in 1958 at the age of 25. He had a successful 30 year career in Advertising; started writing when he was 55 and authored 21 books.
His first book, "The Power of One", was about growing up in apartheid South Africa. It was very popular, translated into 18 languages and sold more than 8 million copies. 
On the 10th anniversary of his death, his second wife, Christine, published a biography "Bryce Courtenay: Storyteller"  which reveals much of the inner person. 
Christine and Bryce moved to Canberra - she says that he loved living here, the 'Bush Capital'. 


Each year the Australia China Friendship Society (ACFS) awards prizes to the best students of Mandarin in Canberra schools.


Students performed a Lion Dance at the School Awards on 30 October.


We had a look at the photographic display to mark 50th anniversary of Aust-China diplomatic relations. It was one of Whitlam's first actions when he became Prime Minister.


Painting of Gough Whitlam meeting Mao Ze Tung in November 1973, the first official visit to the People's Republic of China by an Australian Prime Minister (Whitlam made an unofficial visit in 1972 when he was Leader of the Opposition).


Diesel is much more expensive than Unleaded Petrol at present - apparently supply is tight, mainly due to diesel supplies being cut off  from Russia by sanctions imposed for their invasion of Ukraine.


...

 

News items which caught my eye during October 2022.

 

Global

 

IMF projection of global economic growth: 2.7% 2023 (global inflation 8.8% this year, 6.5% in 2023); WTO projection for global trade growth: 3.5% in 2022, 1% in 2023.

UK govt of Liz Truss: Chancellor of the Exchequer Kwasi Kwarteng was replaced by Jeremy Hunt and planned tax cuts for the wealthy were cancelled. Shortly afterwards Liz Truss announced her resignation as PM; she was replaced by Rishi Sunak, first UK Prime Minister of Indian descent.

A crowd stampede at a soccer match in Malang, Indonesia resulted in 135 deaths and many injured.

Brazil’s general election Lula 48% Bolsonaro 43%; there will be a final run-off on 30 October. Lula ended up winning a close election.

EU inflation in September estimated at 10%, mainly due to surging energy costs.

Maersk ordered 6 large container ships which can operate on ‘green methanol’.

Thailand: a former policeman stabbed and killed 37 (including 24 children).

Cheating accusations in professional Chess Competitions, and Fishing Competitions.

Populations over 65 years of age in 2020: USA 17%; UK 19%; Germany 22%; Australia 17%; China 12%.

OPEC+ announced plans to cut oil production by 2 million barrels per day to “stabilize prices”.

20th Anniversary of terrorist bombings in Bali which killed 202 (including 88 Aussies).

Widespread flooding in many countries, including Nigeria, Nepal, Australia. Drought in California; Mississippi River's low water level is affecting shipping.

Giorgia Melani (45) first female PM of Italy. She heads the right wing “Brothers of Italy” Party.

Former PM of Pakistan, Imran Khan, was barred from holding public office for alleged corruption.

Austrian Dietrich Mateschitz, co-founder of Red Bull, died aged 78.

Germany legalized 30 grams of cannabis for personal use (19 US states have also legalized).

Major restructuring of big Swiss bank, Credit Suisse.

 A ‘crowd surge’ in Seoul resulted in 153 dead, many injured.

VW said it would stop making internal combustion vehicles by 2033.


Russian invasion of Ukraine

USA pledged another $625M in military aid to Ukraine; total US aid estimated at $52 billion.

Counter offensive by Ukraine military made good gains against Russian forces. Putin hinted at grave consequences (tactical nuclear?).

Bombing of Crimea Bridge; harsh retaliation of Russia with extended missile attacks on Ukrainian targets (but many intercepted by Ukrainians).

President Zelensky addressed the G7 Leaders who said they would support Ukraine “as long as it takes.”

 Elon Musk said his Starlink internet service for Ukraine is costing about $20M per month; he asked Pentagon to pay, but then backed off.

  

USA

 

House of Representative’s January 6 Committee voted unanimously to subpoena former President Trump to give evidence. Former Trump adviser Steve Bannon was sentenced to 4 months in prison for contempt of Congress (refused to appear before the Jan 6 C’tee).

US Govt announced further restrictions on sales of high tech products to China (eg semiconductor chips and equipment, and AI related products).

Hurricane Ian devastated parts of Florida and South Carolina.

Kim Kardashian fined $1.3M for undisclosed advertising crypto currency.

NFL Quarterback Tom Brady (45) and Giselle Bunchen (42) announced divorce after 13 years of marriage and two children.

President Biden issued a blanket pardon for Americans federally convicted of possessing cannabis.

Austin Thompson (15) shot and killed 5 persons in Raleigh, North Carolina. There have now been 548 mass shootings (4 or more deaths, excluding the shooter) in the USA this year.

First Asian American, actress Anna Mae Wong (1905-61) featured on US currency.

Elon Musk completed his takeover of Twitter ($44B).


Australia

Daylight Saving started on Sunday morning, 2 October; clocks forward one hour.

Australia’s ALP Govt reversed recognition of Jerusalem as capital of Israel.

National Covid Safety Plans ended 14 October. Canberra’s Public Health Emergency was declared over: no more mandatory QR code registration, reporting and isolation; some testing sites closed; wearing of masks became optional. Last week there were 616 new cases reported in Canberra (264 PCR, 352 RAT).  There has been a total of 205,752 cases of Covid in Canberra since March 2020.

The Australian War Memorial has decided to feature the historic “Frontier Wars” between the indigenous inhabitants and white settlers. The AWM’s current redevelopment has blown out to $550m.

National Rugby League: the Penrith Panthers beat the Parramatta Eels 28-12 to win the 2022 NRL championships.

The Australian Govt announced the repatriation of 20 women and 40 kids stuck in refugee camps in Syria. They are Australian citizens but wives of ISIS fighters.

Reserve Bank of Australia raised official interest rates 0.25% (to 2.6%).

On 7 October Sydney with 2,194 mm, passed the previous annual rainfall record set in 1950. Widespread flooding this month on the East Coast of Australian (esp NSW & Victoria).

Australian Govt announced cancellation of 200,000 robo-debts.

New Canberra law decriminalized small amounts of drugs for personal use.

Labor Treasurer Jim Chalmers brought down his first budget. Estimated GDP growth: 2022/3 3.25%; 2023/4 1.5%; 2024/5 2.25%.


China

20th Congress of the Communist Party of China. Xi Jin Ping appointed for 3rd term as Leader.

Founder of JD.com Liu Qiang Dong (49) settled a sexual assault charge brought by student Liu Jing Yao (25) in Minnesota court.

Tesla sold a record 83,135 cars in China in September.

China’s GDP increased by an estimated 3.9% in Q3 2022 (0.4% in Q2).


 

 ......


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 October 2022; they are largely self-explanatory.

























......

Who was Australia's Best Prime Minister?

Americans are fascinated by leadership and there are many surveys conducted on "Best President?", but not so much in Australia. 

The most recent survey I found on ranking Australian Prime Ministers is shown below.

Australia’s top 10 Prime Ministers

Professor Paul Strangio writing in “The Conversation” (Monash University), on 1 August 2021

Based on a 2020 survey of 66 political scientists and historians

Ranking

 

1

John Curtin

 

2

Robert Hawke

 

3

Alfred Deakin

 

4

Ben Chifley

 

5

Robert Menzies

 

6

Paul Keating

 

7

Gough Whitlam

 

8

Andrew Fisher

 

9

John Howard

 

10

Edmund Barton

 

 The two at the bottom of this survey were Billy McMahon and Tony Aboott.

Of course this is a very subjective issue. Personally, if I look back over the last 60 years (13 PMs since Robert Menzies), I would rank Bob Hawke first (he was an excellent people person); followed by Gough Whitlam (visionary, but chaotic); with Paul Keating third (his strong connection with Asia, and he is still making sensible commentary today). 

Next I would put Kevin Rudd.  He avoided recession during the GFC, his 'sorry' statement to indigenous, he ratified the Kyoto Climate Change Accord, and pulled our troops out of Iraq, etc. Despite having won a resounding victory in the December 2007 general election, his Party turned against Rudd in June 2010 and elected Julia Gillard in his place. At the moment Rudd's personal failings still tarnish his image, but I wonder if, in the fullness of time, his impressive achievements will be recognised and he will rise in the rankings?

So, who are your favorite Prime Ministers?

...


That's it for another month.

It's my sister's birthday today - happy birthday, Ange!!!

In exciting news just to hand, Lula won the election in Brazil. He got 60.4 m votes (50.9%) while the far-right incumbent Bolsonaro got 58.2 m votes (49.1%). Congrats and good luck, Lula!


Best wishes, stay healthy and keep smiling.


Vera & Alex Olah

Canberra Australia

Monday 31 October 2022