#melbourne city vs canberra
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Round 1!
The TCAT, Tompkins County, NY, USA vs Seattle Center Monorail, Seattle, WA, USA
M1 (or Millennium Underground Railway, but also known as "the small underground" by locals), Budapest, Hungary vs Grande Recife, Recife, Brazil
London Underground, Greater London, England vs Rotterdam Metro, Rotterdam, Netherlands
Beamish Tramway, Beamish Museum, Beamish, England vs Catbus/Nekobus, Sayama Hills, Saitama Prefecture, Japan (My Neighbor Totoro)
The New York City Subway system, New York City, NY, USA vs Corviknight Flying Taxi, Galar (Pokémon Sword and Shield)
Buenos Aires Underground (Subte), Autonomous City of Buenos Aires, Argentina vs Monte Toboggan, Funchal, Madeira, Portugal
The Stargate Network, throughout the Milky Way and Andromeda Galaxies (the Stargate franchise) vs the Deepsea Metro, Inkopolis Bay (Splatoon)
CAT, Perth, Western Australia vs SkyTrain, Vancouver, British Columbia, Canada
Brolly Rail, Nevermoor (Nevermoor by Jessica Townsend) vs Métro Ligne 4, Paris, France
Tyne and Wear Metro, Tyne and Wear, United Kingdom vs the REM, Montreal, Quebec, Canada (upcoming)
Jeepney, the Philippines vs Sea Train, Water 7, connecting it with St. Poplar, San Faldo, and Pucci, as well as the Judicial Island Enies Lobby (One Piece)
The MTR, Hong Kong, PRC vs the Omnibus, New York, NY, USA (1832)
SeaBus, Vancouver, British Columbia, Canada vs Wuppertaler Schwebebahn, Wuppertal, Germany
Ice Highway, the Nether Roof (Minecraft) vs Battle Subway, Unova (Pokémon Black and White)
WY Metro, West Yorkshire, United Kingdom vs Tunnelbana, Stockholm, Sweden
MRT (Moda Raya Terpadu/Mass Rapid Transit), Jakarta, Indonesia vs An Luas, Dublin, Ireland
RIPTA (Rhode Island public transit authority) (it’s buses), Rhode Island, USA vs Bakerloo Line, London Underground, London, England
Mount Vesuvius Funicular Railway, Mount Vesuvius, Italy (opened in 1880, destroyed by volcanic eruption in 1944) vs AquaBus, Vancouver, British Columbia, Canada
Yarra Trams, Melbourne, Victoria, Australia vs SEPTA (southeast pennsylvania transportation authority), Pennsylvania, United States
Cable Cars, San Francisco, California, United States vs MAX Light Rail system, Portland, Oregon, United States
Amtrak, United States vs Fenelon Place Elevator, Dubuque, Iowa, United States
Ninky Nonk, Night Garden (In The Night Garden) vs Prague Metro, Prague, Czech Republic
Polar Bear Express, between Cochrane and Moosonee, Ontario, Canada vs the Crosstown Express, Robot City (Robots (2005))
Massachusetts Bay Transportation Authority (the T), Greater Boston, Massachusetts, United States vs Worcester Regional Transit Authority, Worcester County, Massachusetts, United States
Kakola Funicular, Turku, Finland vs Angkutan Kota (Angkot), Indonesia
Galaxy Railways, the Milky Way (The Galaxy Railways (銀河鉄道物語, Ginga Tetsudō Monogatari)) vs The Ride, Ann Arbor, Michigan, United States
MST Trolley, Monterey, California, United States vs People Mover, Magic Kingdom, Walt Disney World, Florida, United States
Public Transit Victoria, Victoria, Australia vs Carmelit, Haifa, Israel
The L, Chicago, Illinois, United States vs Leadhills and Wanlockhead Railway, South Lanarkshire, Scotland
Personal Rapid Transit (PRT), Morgantown, West Virginia vs Helsingin seudun liikenne/Helsingforsregionens trafik/Helsinki Regional Transport, Helsinki, Finland
Gondolas, Venice, Italy vs the Trolley from the Trolley Problem (Philippa Foot came up with it originally, but in media it was also presented in "the good place")
Zahnradbahn Stuttgart (die Zacke), Stuttgart (Marienplatz to Degerloch), Baden-Württemberg, Germany vs Detroit People Mover, Detroit, Michigan, United States
Warp Pipes (Super Mario Bros.) vs SCMaglev, Yamanashi, Japan
Transport Canberra Bus Network, Canberra, Australia vs Stagways, Hallownest (Hollow Knight)
Roosevelt Island Tram, Roosevelt Island, New York, NY, United States vs NJ Transit (Northeast Corridor), New Jersey, United States
Sunrail, Orlando, Florida, United States vs Bay Area Rapid Transit, Bay Area, California, United States
Purple Route (Charm City Circulator), Baltimore, Maryland, United States vs Alderney Ferry (Halifax Transit), Halifax, Nova Scotia, Canada
Millennium Line, Vancouver, British Columbia, Canada vs MARTA, Atlanta, Georgia, United States
Dual Mode Vehicle (DMV), Asa Coast Railway, Shikoku, Japan vs Lynton and Lynmouth Cliff Railway, Lynmouth, England, UK
Hovercraft, Portsmouth - Ryde, UK vs Funiculars, the Questionable Area (Psychonauts 2)
WildNorWester, Sodor (The Railway Series) vs Shinkansen, Japan
Métro de Paris, Paris, France vs Metro do Porto, Porto, Portugal
Deutsche Bahn, Germany vs UC Davis Unitrans Bus System, Davis, California
Vaporetti, Venice, Italy vs Harbour Bus, Copenhagen, Denmark
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bythewhiteline
Smoke haze enveloped the pitch, becoming even more apparent as the floodlights kicked into gear. The teams stood together for a moment of silence for those who lost their lives in the bushfires. In that moment, rivalry didn’t matter. Whilst football might seem inconsequential in the face of tragedy, it provides a sense of community. It brings us together - that’s its power.
#w-league#wleague#melbourne city vs canberra#melbourne city#canberra united#kyah simon#camila#aivi luik#elise thorsnes#emily van egmond#steph catley#wleague round 9#i love her photos#myupload
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THE STUPIDITY HAS NOT BEEN LIMITED TO CANADA AND THE USA
THE STUPIDITY HAS NOT BEEN LIMITED TO CANADA AND THE USA
With more and more disastrous results from the vax, the world is starting to crumble.
It will not last much longer in the USA because Americans, used to freedom from tyranny, will not put up with this nonsense much longer.
Will Canada be able to follow? Our coming election may just turn the tide to get our freedoms back from the stupidity.
A Prison IslandAustralia is going back to its 1788 history as a penal colony, isolated and cut off from the world. Today, the island is once again home to prisoners—25 million of them.Australia’s first big step away from democracy came when international borders closed in March 2020. International arrivals have been limited ever since. The decision was made under the Biosecurity Act. In an emergency, the health minister is granted sweeping powers to prevent and control the arrival of diseases. When covid-19 arrived, the government was quick to test that power to its full potential.All those arriving are subjected to two weeks of quarantine at their own expense, costing thousands of dollars. More troubling still, the government has banned most people from leaving. Australia has one of the harshest border policies in the world. By banning its own citizens from going to otherwise welcoming countries, Australia is taking a page out of North Korea’s book.With the public safely contained, the government could turn its hand to the economy.Economic SuicideAustralia’s covid-19 response has delivered a staggering blow to the economy. Repeated snap-lockdowns have decimated businesses and families alike. Often giving less than a day’s notice, state leaders are forcing businesses to lock down on the spot. Only businesses deemed “essential work” can remain open in such times. For many, these measures are unsustainable. The result is an unemployment rate that has risen to 5.5 percent.Retail and hospitality have recorded an astounding 25 percent drop in income.During the latest lockdown, the federal government paid families au$700 per week to cope with the effect of being confined to their homes. To put that in context, the average rent in Sydney is $520 per week. Meanwhile, the unelected “health officials” who advise the state governments continue to rake in $12,000 per week.Between the loss of business and the government aid, the past two months have cost the government $17 billion. That represents a 2.5 percent hit to the gross domestic product in the September quarter. Sydney alone is bleeding out $1 billion per week.Economists and politicians are quick to assure the public that the economic suicide will be well worth it. “We’ve avoided 48,000 deaths on a per capita basis compared to what’s gone on in other countries, so you have to keep all of this in perspective,” amp Capital chief economist Shane Oliver told the Sydney Morning Herald. This is the opposite of perspective.Australia is a nation of 25 million people. Tens of thousands of families have had their savings obliterated. Countless businesses have been shut down for good. The elites who provide this “perspective” are not taking into account the debt future generations will be left with. Tens of thousands of lives are truly being destroyed.Normalizing MadnessTo keep the broader nation on their side, the federal and state governments must continually barrage the public with facts and figures. Every state has its daily briefings, where the waiting journalists are peppered with “new hot spots,” “case numbers” and “new restrictions.” (The death toll is rarely mentioned since it is so low.)The barrage of facts and misleading figures serves to normalize the increasingly deranged decisions made at the top levels of the Australian government. And the public seems blithely unaware—or at best accustomed—to the hysteria.But just take a snapshot of recent comments and consider if Australians would have stood for such nonsense two years ago.Victorian Premier Dan Andrews used his August 22 press conference to warn Australians of the risk of a sunny weekend: “Sunday is going to be quite a nice day, at home. … Otherwise, it will be lots of Sundays spent in hospital.” Such a statement two years ago would have garnered a deep belly laugh from Perth to Point Danger, but not anymore. We have become acclimatized to the madness.The South Australian chief health officer warned that spectators shouldn’t catch a football kicked into the crowd
lest they catch covid-19. You can’t sing karaoke, but you can sing at a wedding. You can eat in public, but it has to be sitting down.Perhaps we could laugh if the ramifications were not so dire. But the lunacy takes an increasingly dark tone when it is backed by action.Last week a rescue shelter in New South Wales shot all its dogs to prevent people traveling in to adopt them. A man who was videotaped sneezing in an elevator became the subject of a nationwide manhunt. Weddings, funerals, travel and other such vital and meaningful events in life are being limited or banned. Loved ones cannot visit a senior care facility or hospital without a jab. You can’t have guests in your house. Workplaces are moved from an office to home. Schools are either closed or kids must wear masks.The daily interactions that mankind not only desires but needs are being curtailed. The mental and emotional damage to the national and individual psyche is evident in the spike in depression, anxiety, self-harm and suicide.God makes an explicit warning to our leaders in the end time: “Woe to those who issue harsh decrees, penning orders that oppress, robbing the weak of their rights and defrauding the poor of their dues” (Isaiah 10:1; Moffatt translation). God will not sit idly by while a nation like Australia—which once knew God through its ties to the British Empire—carries on down such a path.Australia keeps pushing on, driving a deep wedge into our communities. In states such as Queensland, mask wearing has become mandatory. A muffling barrier of light blue wherever you go is a good example of the barrier now forming in human relationships. The covid-19 crisis is, according to Joe Biden, “a crisis of the unvaccinated.” The mentality is very much the same in Australia.As vaccination rates gradually rise, more pressure is being applied to those who have refused the jab. The federal government has promised not to make the jab mandatory. However, Canberra has given businesses the green light to fire people who refuse.In the community, it is breeding an “us vs. them” mentality. The media is quick to stir the pot with a name-and-shame campaign. Lockdown violators are not just subjected to the iron fist of the law, but their lives are also plastered over the Internet. This happened two weeks ago with an “illegal” engagement party in Melbourne and a church group gathering in Sydney.The bitter divide is only set to widen as communities are punished for their low vaccination and high infection rates.Police StateAs frustration mounts against the state and federal governments, protests have begun to spark. To quell the dissent and enforce their non-science, nonsense policies, the states are turning to overwhelming police force.While most mainstream media refused to cover the story, videos have emerged of the heavy-handed response against unarmed lockdown protesters on the streets of Melbourne. More than 700 police descended on the protest, some on horseback and many more in full riot gear. With police helicopters overhead, the masked police forces fired rubber bullets, tear gas and pepper spray into the crowds.In disturbing scenes last month, a 12-year-old girl was pepper-sprayed by police after she and her sister refused to wear a mask at a western Sydney shopping center.In many of the lockdown cities, residents are limited to a 3-mile radius from their home. To enforce this, police are being taken away from other duties. Images of three or four police officers surrounding a sunbather or someone sitting alone on a park bench are becoming commonplace. One man of Polish descent told me his mother remembered having to carry papers to show the Nazis if you ever wanted to leave your own suburb. While Australia is no Nazi-Germany, there is no denying Australia is sliding down a path toward authoritarianism or even totalitarianism. And anyone who stands up against such measures is being shut down, shut up and shut in.As the police clamp down, remember that since mid-July Australia has averaged roughly
1.5 covid deaths per day, in a country of 25 million people. In the words of Tucker Carlson, “That has been enough to justify the end of Australia and totalitarianism.”The CureAs the nation continues to undergo its ghastly transformation, we are told by our political elites that there is cause for cheer. At 70 percent vaccination, we are assured the nation will unlock—maybe. Or when state health officials see lower numbers, they throw tidbits to the masses. For instance, last week New South Wales State Premier Gladys Berejiklian proclaimed that those who are vaccinated will receive a welcome reward; they can visit a hairdresser again. As if in some way this is good news in the light of all the aforementioned man-made catastrophe.Australia is the perfect example of a nation being poisoned to death by its own cure.Where is the hope? After all, in the nuclear age there are far more destructive forces than the coronavirus. The Bible is full of such warnings for us today. If Australia cannot handle covid-19, how can it stand up to a real threat like China? The truth is, there is no hope in man.
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Women are more likely to lose out when JobKeeper slashed
More women than men will have their JobKeeper payment slashed as the government moves to cut the wage subsidy.
From the end of September to January, JobKeeper will be reduced to from $1,500 to $12,00 for full-time workers and $750 for people working 20 hours or less.
Twenty-two per cent of women on the current JobKeeper work less than 20 hours a week according to the Parliamentary Library, the Sydney Morning Herald reported.
The differences are also felt in capital cities, with 9.6 per cent of men working part-time in Greater Sydney compared to 19.3 per cent of women.
More women than men will have their JobKeeper payment slashed as the government moves to cut the $1500 fortnightly subsidy. Pictured: A woman wears a face mask outside a Centrelink office in Queensland
In Greater Melbourne, 10.7 per cent of men and 21.7 per cent of women work up to 20 hours a week.
From January to March, the full-time JobKeeper rate will be $1,000 and part-time will reduce to $600.
Larissa Waters, the Greens spokeswoman for women, said cutting the part-time JobKeeper payment directly impacted women.
‘The gender inequalities in the Australian jobs market have been turbo-charged by the COVID crisis and the government’s lack of specific focus on supporting women to remain in employment,’ she said.
Ms Waters had previously written on Twitter that the coronavirus pandemic ‘hit women workers harder’ than men.
‘Women have lost more jobs (6 per cent vs 5.4 per cent: ATO), lost more hours (7.3 per cent vs 6.5 per cent: ATO), are more ineligible for JobKeeper (53 per cent short-term casuals), are over-represented in industries hardest hit, do more unpaid care (WGEA), are most at DV risk and are a majority of health workers,’ she wrote on Thursday.
From the end of September to January, JobKeeper will be reduced to $1,200 for full-time workers and $750 for people working 20 hours or less. Pictured: Australians line up outside a Centrelink office during the coronavirus pandemic
‘The impacts of covid are disproportionate on women, and exacerbate existing inequalities.’
Prime Minister Scott Morrison announced the changes to JobKeeper in Canberra on Tuesday.
‘I am leaning heavily in to the notion that we would anticipate on what we know right now that there obviously would need to be some continuation of the COVID supplement post-December,’ Mr Morrison said.
The prime minister said Australians understood both JobKeeper and JobSeeker were temporary.
‘They know a current scheme that is burning cash, their cash, taxpayers’ cash to the tune of some $11 billion a month cannot go on forever,’ Mr Morrison said.
Around 3.5 million workers have received wage subsidies designed to keep employees linked to employers during the pandemic.
From January to March, the full-time JobKeeper rate will be $1,000 and part-time will reduce to $600. Pictured: Victorians in face masks are seen at Fitzroy Gardens in East Melbourne
How are the support payments changing from September
JOBKEEPER
* The $1500 fortnightly wage subsidy will continue until September 27
* From the end of September to January, JobKeeper will be reduced to $1200 for full-time workers and $750 for people working 20 hours or less
* From January to March, the full-time rate will be $1000 and part-time will reduce to $650
* Businesses turning over less than $1 billion will have to requalify for the program at both stages through showing a 30 per cent drop in revenue.
* Businesses with more than $1 billion in turnover have to demonstrate a 50 per cent fall
JOBSEEKER
* The elevated unemployment benefit will remain at $1100 a fortnight until September 24
* From that date until the end of the year the $550 coronavirus supplement will be cut by $300 to make the overall fortnightly payment $800
* People will be able to earn up to $300 without having their payment reduced
* The mutual obligation rules requiring people to search for four jobs a month will restart on August 4
* Penalties for people refusing a job offer will be reintroduced
* Job search requirements will increase in September when the assets test will also return
* The permanent JobSeeker rate to take effect from January next year will be announced in the October 6 budget.
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W-League Week 10 Attendance
Source: W League Official Website
Note: Home teams are listed first
Week 10
Canberra United vs Western Sydney Wanderers 1,464
Melbourne Victory vs Melbourne City 1,143
Newcastle Jets vs Adelaide United 4,112
Perth Glory vs Sydney FC 846
Avg. 1,891
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Australian Fanders, I am displeased to announce that.... Sydney ( dam u) won!!🎉🎉yay Sydney haha I promise I won't kill you.... today anyway.
@use-it-ironically and I accept our fate, and Ironi asks why you hate us ( so do I, What Did I Do?)
We have 💯💯💯💯💯504 respondents!!! So many Australians. 86% said they were Australian and I'm pretty sure the other 14% were confused as this was obviously marketed at Aussies so ( . _ . ) /
@thatsthat24 now will you visit us? I'll even accept you just going to Sydney ( the land of evil and weirdly shaped buildings)!!! Pls!! We're desperate lol.
Anxiety was the most popular character at 33.9% of votes, Princey coming a close second at 30.6%, with Morality third and Misleading Compliment fourth, and then Logic ( he needs love, l o v e for my c h i l d r e n pls, even just a bit) and then, lastly, Pranks.
Most of us Aussies lived closest to Melbourne and yet BETRAYED US in the Sydney vs Melbourne poll but ok. The second most live closest to Sydney and then third, closest to Darwin.
Looking at the states/territories we live in, most of us live in the same states and territories as the cities, Victoria( Melbourne), New South Wales ( Sydney), Queensland( Brisbane) and the Australian Capital Territory aka Canberra aka I used to live here and it's boring as hell after a few years ( few months) and it's basically just one giant suburb.
Anyway,
@thatsthat24 pls come visit us in Oz and
@princeyandanxiety and @andy-the-anon, @use-it-ironically and I will accept our fate now.
Please have mercy oh great ones 🙌🏼🙌🏼🙏🏼🙏🏼🙏🏼😱👑
#the aussie cities discourse#thatsthat24#Australia#Melbourne VS Sydney#Melbourne#Sydney#Fanders#Thomas Sanders#Prinxiety#me#PTA dads
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Nhận định soi kèo Melbourne City FC vs Canberra United, 15h30 – 09/01/2020 – Giải VĐQG Nữ Australia | SMS Bong Da
Nhận định soi kèo Melbourne City FC vs Canberra United, 15h30 – 09/01/2020 – Giải VĐQG Nữ Australia https://smsbongda.com/nhan-dinh-soi-keo-melbourne-city-fc-vs-canberra-united-15h30-09-01-2020 SMS Bong Da powered by SMS Bóng Đá #smsbongda #sports #soccer #football #thethao #bongda
#smsbongda#sports#soccer#football#thethao#bongda#Nhận định soi kèo Melbourne City FC vs Canberra Uni
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Weekend Schedule 01/25-01/26/2020
All listings Eastern Zone
Not sure about certain streams so sorry!
Saturday 25th
Australia: W-League
Adelaide United vs Western Sydney Wanderers : 3:30 AM
England: FA Women’s Cup
Manchester United vs Manchester City : 7:45 AM
France: D1
Paris FC vs Soyaux : 9:30 AM
Bordeaux vs Dijon : 9:30 AM
PSG vs Metz : 9:30 AM
Montpellier vs Fleury 91 : 9:30 AM
Guingamp vs Olympique Marseille : 9:30 AM
Italy: Serie A Women
Orobica vs Milan : 6:30 AM
Juventus vs Sassulo : 8:30 AM
Pink Bari vs Tavagnacco : 8:30 AM
Mexico: Liga MX Femenil
Atlas vs Queretaro : 12:00 PM
Spain: Primera Iberdrola
Rayo Vallecano vs Levante : 5:00 AM
Atletico Madrid vs Barcelona : 6:00 AM [NO STREAM]
Real Betis vs Real Sociedad : 12:30 PM
Sunday 26th
Australia: W-League
Melbourne Victory vs Canberra United : 12:00 AM
England: FA Women’s Cup
West Ham vs Arsenal : 8:00 AM
Everton vs London Bees : 8:00 AM
Sheffield United vs Birmingham City : 8:00 AM
Bristol City vs Durham : 8:00 AM
Tottenham vs Barnsley : 8:00 AM
Liverpool vs Blackburn Rovers : 8:00 AM
Charlton Athletic vs Chelsea : 9:00 AM
London City Lionesses vs Reading : 9:00 AM
Aston Villa vs Brighton & Hove Albion : 10:00 AM
France: D1
Lyon vs Reims : 11:00 AM
Italy: Serie A
Roma vs Fiorentina : 6:30 AM
Florentia vs Hellas Verona : 6:30 AM
Inter Milan vs Empoli : 8:30 AM
Mexico : Liga MX Femenil
Puebla vs Tigres UANL : 1:00 PM
Spain: Primera Iberdrola
Espanyol vs Madrid CFF : 5:00 AM
Athletic Club vs Valencia : 5:00 AM
Sevilla vs Sporting de Huelva : 5:00 AM
CD Tacon vs Logrono : 10:30 AM
UDG Tenerife vs Deportivo Abanca : 12:30 PM
source : us.women.soccerway.com
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Weekend Update!
Lots happening this weekend folks!
February 4
Perth Glory v Sydney FC - 4 PM Western Australia Time (3 AM EST) FOX SPORTS 506 from 6.30pm (AEDT), Live coverage on ABC TV in WA from 3.30pm (AWST) and ABC TV in other states from 10.55pm (AEDT)
Canada vs Mexico - 3 PM PST TSN2
February 5
Canberra United FC v Melbourne City FC - 2 PM AEDT (10 PM EST February 4) FOX SPORTS 505/ABC TV
Rodez Aveyron F. vs PSG - 1 PM (7 AM EST)
Montpellier vs Juvisy - 2 PM (8 AM EST)
Lyon vs Olympique Marseille - 3 PM (9 AM EST)
A.S.J Soyaux CHTE vs A.S Saint-Etienne - 3 PM (9 AM EST)
Girondins Bordeaux vs E.A Guingamop - 3 PM (9 AM EST)
Albi vs F.C Metz - 3 PM (9 AM EST)
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CRS07 W-League Week 14 Recap
Results:
Newcastle Jets vs Melbourne City FC | 0-2 | Jets loss
Canberra United vs Melbourne Victory | 5-1 | Victory loss
Adelaide United vs Sydney FC | 5-2 | Adelaide win
Western Sydney Wanderers vs Perth Glory | 0-1 | Glory wins and advances to semi-finals
Adelaide United
- Danielle Colaprico played the full 90’
- Katie Naughton played the full 90’
⌞ Naughton assisted Huerta in the 87′
- Sofia Huerta played the full 90’
⌞ Huerta scored in the 87′
⌞ Huerta assisted E. Hodgson in the 60′
Melbourne Victory
- Samantha Johnson played the full 90′
Newcastle Jets
- Arin Gilliland played the full 90’
- Jen Hoy played the full 90’
Perth Glory
- Alyssa Mautz played the full 90’
- Vanessa DiBernardo played the full 90’
⌞ DiBernardo assisted C. Doeglas in the 90+2′
Semi finals
- Sat, Feb 4: Perth Glory vs Sydney FC | 1:30am
#Chicago Red Stars#vanessa dibernardo#alyssa mautz#sofia huerta#Danielle Colaprico#katie naughton#Samantha Johnson#arin gilliland#jen hoy#crs07:wleague
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W-League 2016-17 SemiFinal
Canberra United vs. Melbourne City
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(Bloomberg) -- For a fresh perspective on the stories that matter for Australian business and politics, sign up for our new weekly newsletter.Australia is set to keep interest rates unchanged Tuesday as policy makers keep searching for signs that prior stimulus is encouraging households to spend. Hovering over the meeting is the specter of a viral-induced slowdown in China.Governor Philip Lowe will keep the cash rate at 0.75% at the Reserve Bank’s first meeting of the year, according to 22 of 25 economists, with markets pricing similarly. The turnaround -- the majority began the year forecasting a February easing -- was driven by a fall in unemployment in the final two months of 2019.“The economic data has generally come in on the stronger side over recent months,” said Kristina Clifton, a senior economist at Commonwealth Bank of Australia. “But the virus has the potential to impact on economic growth as consumers spend less, business and consumer confidence drops and tourists and people traveling for business delay their plans.”Most economists trying to discern the impact of novel coronavirus have harked back to the SARS epidemic 17 years ago. Yet, that was a different world. Australia’s links to China’s economy have increased exponentially since. The numbers tell the story:China’s share of Australian exports was 33% in 2018-19 vs 7% in 2002-03Tourists from China jumped to 15% of total arrivals from 4% over the same period; and now account for more than a quarter of total visitor spendingAlmost a quarter of new foreign students are from ChinaChina bought 82% of Australian iron ore shipments last year, compared with 32% in 2003China’s benchmark iron ore contract fell by its daily limit of 8% and Singapore’s contract has collapsed 11%, driven by a combination of concerns that the virus could strike near-term demand in China and expectations that global seaborne supplies are poised to expand.A complete shutdown of Chinese tourism and student travel for a year would cut Australian GDP by almost 1 percentage point, “with significant additional multiplier effects,” according to Westpac Banking Corp.The Australian tourism industry is already dealing with a demand shock following the wild fires that drove cancellations from abroad amid images of major cities choking on smoke, Australians fleeing their homes and fallen native animals.Lowe cut interest rates three times between June and October to shore up consumer spending amid weak wages growth and elevated debt. The economic data in the past month has exceeded expectations.What Bloomberg’s Economists Say“Economic data in the rear view mirror supported the RBA’s view that the economy had reached a gentle turning point. But that now needs to be reassessed. The twin shocks of ongoing bushfires and the unfolding coronavirus outbreak are still playing out. There’s little hard data for the RBA to draw on to form a view on how badly the turning in the economy has been derailed, and how much additional stimulus may be required.”James McIntyre, economistMoney markets have also begun to shift, with a March easing coming into view, whereas last week the broad expectation was that there was little prospect of the RBA easing before April. Cash-rate futures on Monday were pricing in a 60% chance of a cut next month, up from less than 40% last Wednesday following stronger-than-expected inflation data.Lowe will be questioned on the disasters when he addresses the National Press Club Wednesday in a speech titled “The Year Ahead.”On Friday he, Deputy Governor Guy Debelle and other senior officials will appear in Canberra for the RBA’s semi-annual parliamentary testimony. Concurrently, the RBA releases its Statement on Monetary Policy that includes updated forecasts for economic growth, inflation and unemployment. It’s expected that near-term GDP growth projections will be lowered.One area where the RBA’s easing has impacted quickly is housing: Sydney and Melbourne are leading the rebound, with data Monday showing prices climbed 1.1% and 1.2% respectively in January.The labor market has also stood strong, with unemployment falling to 5.1% in December from 5.3% in October. Data Monday showed job advertisements jumped 3.8% in January.(Updates with comment from Bloomberg economist in 10th paragraph, money markets pricing in chance of March easing in 11th.)\--With assistance from Tomoko Sato.To contact the reporter on this story: Michael Heath in Sydney at [email protected] contact the editors responsible for this story: Paul Jackson at [email protected], Alexandra Veroude, Nasreen SeriaFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
from Yahoo News - Latest News & Headlines https://ift.tt/36PtuXN
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(Bloomberg) -- For a fresh perspective on the stories that matter for Australian business and politics, sign up for our new weekly newsletter.Australia is set to keep interest rates unchanged Tuesday as policy makers keep searching for signs that prior stimulus is encouraging households to spend. Hovering over the meeting is the specter of a viral-induced slowdown in China.Governor Philip Lowe will keep the cash rate at 0.75% at the Reserve Bank’s first meeting of the year, according to 22 of 25 economists, with markets pricing similarly. The turnaround -- the majority began the year forecasting a February easing -- was driven by a fall in unemployment in the final two months of 2019.“The economic data has generally come in on the stronger side over recent months,” said Kristina Clifton, a senior economist at Commonwealth Bank of Australia. “But the virus has the potential to impact on economic growth as consumers spend less, business and consumer confidence drops and tourists and people traveling for business delay their plans.”Most economists trying to discern the impact of novel coronavirus have harked back to the SARS epidemic 17 years ago. Yet, that was a different world. Australia’s links to China’s economy have increased exponentially since. The numbers tell the story:China’s share of Australian exports was 33% in 2018-19 vs 7% in 2002-03Tourists from China jumped to 15% of total arrivals from 4% over the same period; and now account for more than a quarter of total visitor spendingAlmost a quarter of new foreign students are from ChinaChina bought 82% of Australian iron ore shipments last year, compared with 32% in 2003China’s benchmark iron ore contract fell by its daily limit of 8% and Singapore’s contract has collapsed 11%, driven by a combination of concerns that the virus could strike near-term demand in China and expectations that global seaborne supplies are poised to expand.A complete shutdown of Chinese tourism and student travel for a year would cut Australian GDP by almost 1 percentage point, “with significant additional multiplier effects,” according to Westpac Banking Corp.The Australian tourism industry is already dealing with a demand shock following the wild fires that drove cancellations from abroad amid images of major cities choking on smoke, Australians fleeing their homes and fallen native animals.Lowe cut interest rates three times between June and October to shore up consumer spending amid weak wages growth and elevated debt. The economic data in the past month has exceeded expectations.What Bloomberg’s Economists Say“Economic data in the rear view mirror supported the RBA’s view that the economy had reached a gentle turning point. But that now needs to be reassessed. The twin shocks of ongoing bushfires and the unfolding coronavirus outbreak are still playing out. There’s little hard data for the RBA to draw on to form a view on how badly the turning in the economy has been derailed, and how much additional stimulus may be required.”James McIntyre, economistMoney markets have also begun to shift, with a March easing coming into view, whereas last week the broad expectation was that there was little prospect of the RBA easing before April. Cash-rate futures on Monday were pricing in a 60% chance of a cut next month, up from less than 40% last Wednesday following stronger-than-expected inflation data.Lowe will be questioned on the disasters when he addresses the National Press Club Wednesday in a speech titled “The Year Ahead.”On Friday he, Deputy Governor Guy Debelle and other senior officials will appear in Canberra for the RBA’s semi-annual parliamentary testimony. Concurrently, the RBA releases its Statement on Monetary Policy that includes updated forecasts for economic growth, inflation and unemployment. It’s expected that near-term GDP growth projections will be lowered.One area where the RBA’s easing has impacted quickly is housing: Sydney and Melbourne are leading the rebound, with data Monday showing prices climbed 1.1% and 1.2% respectively in January.The labor market has also stood strong, with unemployment falling to 5.1% in December from 5.3% in October. Data Monday showed job advertisements jumped 3.8% in January.(Updates with comment from Bloomberg economist in 10th paragraph, money markets pricing in chance of March easing in 11th.)\--With assistance from Tomoko Sato.To contact the reporter on this story: Michael Heath in Sydney at [email protected] contact the editors responsible for this story: Paul Jackson at [email protected], Alexandra Veroude, Nasreen SeriaFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
from Yahoo News - Latest News & Headlines https://ift.tt/36PtuXN
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(Bloomberg) -- For a fresh perspective on the stories that matter for Australian business and politics, sign up for our new weekly newsletter.Australia is set to keep interest rates unchanged Tuesday as policy makers keep searching for signs that prior stimulus is encouraging households to spend. Hovering over the meeting is the specter of a viral-induced slowdown in China.Governor Philip Lowe will keep the cash rate at 0.75% at the Reserve Bank’s first meeting of the year, according to 22 of 25 economists, with markets pricing similarly. The turnaround -- the majority began the year forecasting a February easing -- was driven by a fall in unemployment in the final two months of 2019.“The economic data has generally come in on the stronger side over recent months,” said Kristina Clifton, a senior economist at Commonwealth Bank of Australia. “But the virus has the potential to impact on economic growth as consumers spend less, business and consumer confidence drops and tourists and people traveling for business delay their plans.”Most economists trying to discern the impact of novel coronavirus have harked back to the SARS epidemic 17 years ago. Yet, that was a different world. Australia’s links to China’s economy have increased exponentially since. The numbers tell the story:China’s share of Australian exports was 33% in 2018-19 vs 7% in 2002-03Tourists from China jumped to 15% of total arrivals from 4% over the same period; and now account for more than a quarter of total visitor spendingAlmost a quarter of new foreign students are from ChinaChina bought 82% of Australian iron ore shipments last year, compared with 32% in 2003China’s benchmark iron ore contract fell by its daily limit of 8% and Singapore’s contract has collapsed 11%, driven by a combination of concerns that the virus could strike near-term demand in China and expectations that global seaborne supplies are poised to expand.A complete shutdown of Chinese tourism and student travel for a year would cut Australian GDP by almost 1 percentage point, “with significant additional multiplier effects,” according to Westpac Banking Corp.The Australian tourism industry is already dealing with a demand shock following the wild fires that drove cancellations from abroad amid images of major cities choking on smoke, Australians fleeing their homes and fallen native animals.Lowe cut interest rates three times between June and October to shore up consumer spending amid weak wages growth and elevated debt. The economic data in the past month has exceeded expectations.What Bloomberg’s Economists Say“Economic data in the rear view mirror supported the RBA’s view that the economy had reached a gentle turning point. But that now needs to be reassessed. The twin shocks of ongoing bushfires and the unfolding coronavirus outbreak are still playing out. There’s little hard data for the RBA to draw on to form a view on how badly the turning in the economy has been derailed, and how much additional stimulus may be required.”James McIntyre, economistMoney markets have also begun to shift, with a March easing coming into view, whereas last week the broad expectation was that there was little prospect of the RBA easing before April. Cash-rate futures on Monday were pricing in a 60% chance of a cut next month, up from less than 40% last Wednesday following stronger-than-expected inflation data.Lowe will be questioned on the disasters when he addresses the National Press Club Wednesday in a speech titled “The Year Ahead.”On Friday he, Deputy Governor Guy Debelle and other senior officials will appear in Canberra for the RBA’s semi-annual parliamentary testimony. Concurrently, the RBA releases its Statement on Monetary Policy that includes updated forecasts for economic growth, inflation and unemployment. It’s expected that near-term GDP growth projections will be lowered.One area where the RBA’s easing has impacted quickly is housing: Sydney and Melbourne are leading the rebound, with data Monday showing prices climbed 1.1% and 1.2% respectively in January.The labor market has also stood strong, with unemployment falling to 5.1% in December from 5.3% in October. Data Monday showed job advertisements jumped 3.8% in January.(Updates with comment from Bloomberg economist in 10th paragraph, money markets pricing in chance of March easing in 11th.)\--With assistance from Tomoko Sato.To contact the reporter on this story: Michael Heath in Sydney at [email protected] contact the editors responsible for this story: Paul Jackson at [email protected], Alexandra Veroude, Nasreen SeriaFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
from Yahoo News - Latest News & Headlines https://ift.tt/36PtuXN
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