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Australia’s economy was performing exceptionally well in the lead-up to the Delta variant lockdowns, propped up by a barrage of government spending in the three months to June and impressive household spending.
The June quarter national accounts published on Wednesday show inflation-adjusted production, income and spending (gross domestic product) climbed 0.7% between March and the end of June, ahead of the NSW lockdown that began on June 26.
Were it not for a surge in imports and a weather-related decline in the volume of exports (each of which cuts measured GDP) gross domestic product would have climbed 1.7% in the June quarter.
Over the year to June economic activity grew a record 9.6%, as it climbed back from a record 7% slide in the three months to June in 2020.
Australian quarterly gross domestic product
Failure is only the beginning.
Thirteen of Australia’s 80 closely-regulated MySuper superannuation funds have failed the APRA performance test.
There’s a fair chance you are among the one million people in them.
The results were made public on Tuesday and handed to the funds on Monday. From here on — for the people who run those funds — it’s about to get worse.
APRA is the Australian Prudential Regulation Authority. Landmark reforms introduced in response to a devastating Productivity Commission report into the “mess” that is much of Australia’s super industry require APRA to rate each MySuper fund (and from next year most other funds) with a pass or a fail according to how they have managed their members’ money.
This food timeline started as a way to explore the revolution in Australian food that has occurred during the baby-boomers’ lifetime, but has since expanded to include more about the previous decades (and century) as well. Also included are overseas events and trends that had an impact here. The entries are brief, but there are lots of links if you want more information.
I'm very pleased to let people know that a translation of my book "Masculinities" into Persian (Farsi) has just been published. Coming soon, to a bookshop near you!
There are also translations of this book into Italian, German, Swedish, Spanish, Chinese, Hebrew, Slovenian, Hungarian, Korean and French.
Last week I was on leave from work. On Saturday morning I packed a tent and sleeping bag onto my bicycle. By lunchtime it was obvious that our region was going into lockdown. So, I unpacked everything and settled into a week of being a home-body. I long for the …
So much of our lives nowadays are determined by the smooth functioning of technologies of which we know little. Even if the risk of a global breakdown remains remote, we will increasingly find ourselves helpless and panic-stricken in the face of even mild upsets to “normal” life.
This is a beautiful piece of music! Uplifting, inspiring and emotional ❤️


