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This article was written in August 2011 after a career of many years concerned with Business Development in New South Wales Australia. I've not replaced it because, while the detailed economic parameters have changed, the underlying economic arguments remain the same (and it was a lot of work that I don't wish to repeat) for example:  

  • between Oct 2010 and April 2013 the Australian dollar exceeded the value of the US dollar and that was seriously impacting local manufacturing, particularly exporters;
  • as a result, in November 2011, the RBA (Reserve Bank of Australia) reduced the cash rate (%) from 4.75 to 4.5 and a month later to 4.25; yet
  • the dollar stayed stubbornly high until 2015, mainly due to a favourable balance of trade in commodities and to Australia's attraction to foreign investors following the Global Financial Crisis, that Australia had largely avoided.

 

 

2011 introduction:

Manufacturing viability is back in the news.

The loss of manufacturing jobs in the steel industry has been a rallying point for unions and employers' groups. The trigger was the announcement of the closure of the No 6 blast furnace at the BlueScope plant at Port Kembla.  This furnace is well into its present campaign and would have eventually required a very costly reline to keep operating.  The company says the loss of export sales does not justify its continued operation. The  remaining No 5 blast furnace underwent a major reline in 2009.  The immediate impact of the closure will be a halving of iron production; and correspondingly of downstream steel manufacture. BlueScope will also close the aging strip-rolling facility at Western Port in Victoria, originally designed to meet the automotive demand in Victoria and South Australia.

800 jobs will go at Port Kembla, 200 at Western Port and another 400 from local contractors.  The other Australian steelmaker OneSteel has also recently announced a workforce reduction of 400 jobs.

This announcement has reignited the 20th Century free trade versus protectionist economic and political debate. Labor backbenchers and the Greens want a Parliamentary enquiry. The Prime Minister (Julia Gillard) reportedly initially agreed, then, perhaps smelling trouble, demurred. No doubt 'Sir Humphrey' lurks not far back in the shadows. 

 

 

So what has and hasn't changed (disregarding a world pandemic presently raging)?

 


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Travel

Turkey

 

 

 

 

In August 2019 we returned to Turkey, after fourteen years, for a more encompassing holiday in the part that's variously called Western Asia or the Middle East.  There were iconic tourist places we had not seen so with a combination of flights and a rental car we hopped about the map in this very large country. 

We began, as one does, in Istanbul. 

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Fiction, Recollections & News

The Greatest Aviation Mystery of All Time

 

 

The search for Malaysia Airlines Flight 370 was finally called off in the first week of June 2018.

The flight's disappearance on the morning of 8 March 2014 has been described as the greatest aviation mystery of all time, surpassing the disappearance of Amelia Earhart in 1937.  Whether or no it now holds that record, the fruitless four year search for the missing plane is certainly the most costly in aviation history and MH370 has already spawned more conspiracy theories than the assassination of JFK; the disappearance of Australian PM Harold Holt; and the death of the former Princess Diana of Wales; combined.

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Opinions and Philosophy

Science, Magic and Religion

 

(UCLA History 2D Lectures 1 & 2)

 

Professor Courtenay Raia lectures on science and religion as historical phenomena that have evolved over time; starting in pre-history. She goes on to examine the pre-1700 mind-set when science encompassed elements of magic; how Western cosmologies became 'disenchanted'; and how magical traditions have been transformed into modern mysticisms.

The lectures raise a lot of interesting issues.  For example in Lecture 1, dealing with pre-history, it is convincingly argued that 'The Secret', promoted by Oprah, is not a secret at all, but is the natural primitive human belief position: that it is fundamentally an appeal to magic; the primitive 'default' position. 

But magic is suppressed by both religion and science.  So in our modern secular culture traditional magic has itself been transmogrified, magically transformed, into mysticism.

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