Manufacturing in Australia

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Details: Written by: Richard_McKie; Parent Category: Economy; Category: Markets; Published: 31 August 2011; Hits: 34677

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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)?

No comments

Travel

Israel

2024 Addendum

It's shocking that another Addendum to this article is necessary.

Yet, we are no nearer to a peaceful resolution like the, internationally called for, 'Two state solution', or some workable version thereof.

Indeed, the situation, particularly for Palestinians, has gone from bad to worse.

At the same time, Israeli losses are mounting as the war drags on. Yet, Hamas remains undefeated and Bibi remains recalcitrant.

Comments:

On Wed, 4 Sep 2024, at 1:23 PM, Barry Cross wrote:
> There seems to be no resolution to the problem of the disputed land of Israel. You consider Gaza to have been put under siege, but I wonder if that and the other Israeli acts you mention are themselves responses to a response by them of being under siege, or at least being seriously threatened, by hostile forces who do not recognise the legitimacy of the state of Israel? Hamas’s claim and stated intention of establishing a Palestinian state “from the river to the sea” and periodic acts of aggression need to be taken into account I suggest, when judging the actions of the Israeli’s. In addition, there is the menace coming from Iranian proxies in Southern Lebanon and Yemen, and from Iran itself.
>
> Whatever the merits of the respective claims to the contended territory might be, it seems reasonable to accept that Israeli’s to consider they are a constant threat to their very survival. Naturally, this must influence their actions, particularly in response to the many acts of aggression they have been subjected to over many decades. By way of contrast, how lucky are we!
>
> These are my off the cuff comments for what they are worth.
>
> Regards
> Barry Cross
>
> Sent from my iPhone

2023 Addendum

It's a decade since this visit to Israel in September 2014.

From July until just a month before we arrived, Israeli troops had been conducting an 'operation' against Hamas in the Gaza strip, in the course of which 469 Israeli soldiers lost their lives. The country was still reeling.

17,200 Garzan homes were totally destroyed and three times that number were seriously damaged. An estimated 2,000 (who keeps count) civilians died in the destruction. 'Bibi' Netanyahu, who had ordered the Operation, declared it a victory.

This time it's on a grander scale: a 'War', and Bibi has vowed to wipe-out Hamas.

Pundits have been moved to speculate on the Hamas strategy, that was obviously premeditated. In addition to taking hostages, it involving sickening brutality against obvious innocents, with many of the worst images made and published by themselves.

It seemed to be deliberate provocation, with a highly predictable outcome.

Martyrdom?

Historically, Hamas have done Bibi no harm. See: 'For years, Netanyahu propped up Hamas. Now it’s blown up in our faces' in the Israel Times.

Thinking about our visit, I've been moved to wonder how many of today's terrorists were children a decade ago? How many saw their loved ones: buried alive; blown apart; maimed for life; then dismissed by Bibi as: 'collateral damage'?

And how many of the children, now stumbling in the rubble, will, in their turn, become terrorists against the hated oppressor across the barrier?

Is Bibi's present purge a good strategy for assuring future harmony?

I commend my decade old analysis to you: A Brief Modern History and Is there a solution?

Comments:
Since posting the above I've been sent the following article, implicating religious belief, with which I substantially agree, save for its disregarding the Jewish fundamentalists'/extremists' complicity; amplifying the present horrors: The Bright Line Between Good and Evil

Another reader has provided a link to a perspective similar to my own by Australian 'Elder Statesman' John Menadue: Hamas, Gaza and the continuing Zionist project. His Pearls and Irritations site provides a number of articles relating to the current Gaza situation. Worth a read.

The Economist has since reported and unusual spate of short-selling immediately preceding the attacks: Who made millions trading the October 7th attacks?

Money-making by someone in the know? If so, it's beyond evil.

A Little Background

The land between the Jordan river and the Mediterranean Sea, known as Palestine, is one of the most fought over in human history. Anthropologists believe that the first humans to leave Africa lived in and around this region and that all non-African humans are related to these common ancestors who lived perhaps 70,000 years ago. At first glance this interest seems odd, because as bits of territory go it's nothing special. These days it's mostly desert and semi-desert. Somewhere back-o-Bourke might look similar, if a bit redder.

Yet since humans have kept written records, Egyptians, Canaanites, Philistines, Ancient Israelites, Assyrians, Babylonians, Persians, Greeks, Romans, Byzantines, early Muslims, Christian Crusaders, Ottomans (and other later Muslims), British and Zionists, have all fought to control this land. This has sometimes been for strategic reasons alone but often partly for affairs of the heart, because this land is steeped in history and myth.

Fiction, Recollections & News

Napoleon - the movie

As holiday entertainment goes, one could do worse than spend two-and-a-half hours (157 minutes) with Napoleon.

Wikipedia tells us: "Napoleon is a 2023 epic historical drama film directed and produced by Ridley Scott and written by David Scarpa. Based on the story of Napoleon Bonaparte, primarily depicting the French leader's rise to power as well as his relationship with his [first} wife, Joséphine, the film stars Joaquin Phoenix as Napoleon and Vanessa Kirby as Joséphine."

The many battle scenes are spectacular and have been praised for their accuracy.

Opinions and Philosophy

A new political dawn

The State election on 26th March saw a crushing political defeat for the Australian Labor Party in New South Wales. Both sides of politics are still coming to terms with the magnitude of this change. On the Labor side internal recriminations seem to have spread beyond NSW. The Coalition now seem to have an assured eight and probably twelve years, or more, to carry out their agenda.

On April 3, following the advice of the Executive Council, the Lieutenant-Governor of New South Wales, gave effect to an Order to restructure the NSW Public Service. Read more...

It remains to be seen how the restructured agencies will go about the business of rebuilding the State.

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