The future of Sydney: Rising societal & economic turmoil in Australia

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The Sydney Opera House & the Sydney Harbor Bridge at Dusk

Times are hard! and I do mean hard!

With reports of a recession looming around, with manufacturing nearing ground zero, tons of immigrants coming in and household debt per household rising sharply, the future of Australia and the future of Sydney in particular is at risk!

Despite the fact that the economy of New South Wales makes 33% of Australia’s GDP, having a population of approximately 7.7 million people, a large and growing domestic market and a highly developed & mature infrastructure, the Australian dollar has almost no value. In short, take it this way: You can get a sizeable McDonald’s meal in the U.S.A for almost USD$ 5 but in Australia, AUD$5 gives you a much smaller meal =(. Secondly, the value of commodity exports from Australia don’t mean much because not only have worldwide commodity prices plummeted to ground zero and basement levels but also, the financial value of commodities does NOT touch that of manufactured goods. SInce Australians have to import everything! virtually everything! high import taxes mess up the Australian wallet =(.

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The Sydney Opera House and Central Business District at night

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Night time view of Sydney’s street

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Bronte Beach in Sydney

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George Street, Sydney

New Year celebrations at Sydney Harbor

 

How far will services exports help sustain the Australian economy? Practically speaking, Manufacturing needs to return back to Australia!
South Australia once proudly boasted the assembly and production lines of Holden (which has now been sold to PSA Peugot-Citroen of France). During the 2008 Global Financial Crisis, thousands of industrial workers in Adelaide got laid off, with half of them training to become healthcare and sanitation workers while others got absorbed in the booming mining sector. From 2009 til 2011, the Australian Dollar was the world’s most expensive dollar, followed by the US Dollar. However, onward from 2012, the Australian Dollar plunged in value, thereby shooting the Australian inflation upwards.

What’s worse is that the Australian manufacturing sector dwindled due to the pro commodity prices of Kevin Rudd and Malcolm Turnbull governments. Tony Abbott has become even worse, winking at a pensioner who had to work as a phone sex worker to make her ends meet! =( I mean, is this the end of Australia as we know it? Asians are collective but given their ‘Anti White’ sentiments and the criminal attitude of the Arab Australians (Lebanese in particular) and Auburn becoming practically a slum, the future of Sydney now lies hanging by a thread. And if this isn’t resolved any sooner then ‘Bye Bye Australia’ is coming.

Tony Abbott’s sister is lesbian, yet he is homophobic. He treats asylum seekers as 5th grade citizens, called Canada ‘Canadia’ and does not believe in climate change. And yet, he has destroyed Australia’s manufacturing sector!

THe entertainment industry is in shambles. Netflix isn’t available in Australia, Good TV shows only air on paid TV (not present in most Australian households) whereas it is aired late on free-to-air TV months after it is aired in the U.S.A. Even if many foreign brands are present, prices for their products are still exorbitant!

Chris Hemsworth, Liam Hemsworth, Phoebe Tonkin, Claire Holt, Jai Courtney and Maia Mitchell have all relocated to the U.S.A. Question is, for how long will Sydney and Australia rely on New Zealanders and Eurasians from Asia?

Sexual assaults are on the rise in campuses of many Australian universities, Sydney in particular. And every one out of five students, mostly female, have endured sexual assaults and abuse on University campuses in Australia, and the Universities themselves cover the incidents up! You don’t believe me?! read the following news article!

Nassem Raad has shown no remorse for destroying dozens of graves at Rookwood cemetery. He has avoided jail and it is evident that Australia’s justice and judiciary are flawed!

How the hell did Nassem Raad, a deranged welfare dependent Arab Australian escape punishment and showed no remorse for destroying children’s graves in a Sydney cemetery? How dare that Arabian son of a bi**h!!!! How dare A**holes like him are allowed to live in Australia, be dependent on social security and are given citizenship of Australia as well!!!! Well, F**k it!! F**k Australia!!! I’d rather move to the U.S.A!!

 

Read the following!!:

http://www.news.com.au/national/nassem-raad-who-vandalised-kids-graves-in-rookwood-cemetary-sydney-avoids-jail/news-story/ba0e0475fa9d12d576113599fa973d54

 

Nassem Raad avoids jail despite showing no remorse over vandalising 70 graves. Picture: Seven News

The Arab Muslim f*** Nassem Raad has avoided jail, ordered to pay just AUD$ 63,450 in damages and denies his acts!! Fucking disgraceful!!

We have had it with the liberal hippies sitting in Canberra!! We Australians have had it!! Our own women are being raped, molested & sexually assaulted on University campuses!! We are continuously wasting our money on gambling!! We have no manufacturing, no decent jobs, no housing and our stupid government keeps on accepting refugees & immigrants who refuse to integrate!!!! Arab Australians are becoming terrorists by following Al Qaeda and ISIS!!!! Lebanese Australians rioted in 2005, and in the year 2000, Lebanese Australians raped innocent White Australian women!! what kind of fucking misogyny is that?! What the fuck is going on in Sydney?!!

Seriously!! Australians!! Stand up and give a fuck for all this!! Stand up and stop this from happening!! #SaveSydney and #SaveAustralia, else its too late!!

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Via TechCrunch: Aston Martin’s vehicle lineup will be 100% hybrid by the mid 2020s

Written by Darrell Etherington:

Another automaker is vowing to turn its entire lineup a little more green: Aston Martin told the Financial Times that it’ll offer vehicles exclusively with hybrid and electric cars by the middle of next decade.

It’s not as audacious a goal as it might’ve seemed even just a few years ago; Volvo has committed to selling only hybrid or electric cars by 2019, and Britain and France have both outlined plans to ban the sale of non-electric or hybrid vehicles by 2040.

Aston Martin’s announcement is significant because it’s a high-end luxury performance car maker, however, whose target demographic is precisely motoring enthusiasts. Aston Martin had previously announced plans to launch its first fully electric car, the Rapid-e, by 2019.

Don’t expect news of automakers intending to focus solely on hybrids and electrics to stop anytime soon; the writing is on the wall, now it’s just a question of in what order the dominoes fall.

My View:

Hybrid cars are certainly the future, but I am still quite skeptical about whether Hybrid cars will be easy to repair or not given the fact that advancements in technology are not keeping up with the intellectual, educational and human development of many nations worldwide. Secondly, with many in the United Kingdom reliant on welfare, welfare dependent households are most likely to produce blue collar kids who may not be able to easily fix hybrid cars if they decide to become mechanics. Though the United Arab Emirates and other Gulf Cooperation Council (G.C.C) Economies are becoming advanced, technical, educational, academic and intellectual gaps persist and that too in larger margins.

Hybrid vehicles have a dangerous carbon footprint and traditional fossil fuel based cars were much better. Reason being, the carbon footprint they produce is beneficial for the atmosphere and for the ozone layer. Sadly, liberal politicians are just looking for ways to gain political foothold and embezzle cash at the lives of the common people.

It would be wise for Aston Martin not to go completely hybrid, regardless of circumstances.

 

Read original article: https://techcrunch.com/2017/08/29/aston-martins-vehicle-lineup-will-be-100-hybrid-by-the-mid-2020s/?ncid=rss&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+Techcrunch+%28TechCrunch%29

Why is the Australian Economy heading for a recession

For most of the time, we all thought that Australia is going to be the new economic frontier. However, such is not so as the Australian economy is showing worrisome signs that it is going to face a tailspin which will put it in the direction of both a recession and an economic meltdown. The dependence on services and the removal of manufacturing, coupled with the massive outsourcing which the U.S.A once did in the mid 2000’s is now putting Australia in a precarious position, on which the Australians are in denial and are somewhat defiant that such is not so. Despite the fact that manufacturing has still maintained presence in New South Wales, The shutdowns of the Toyota, Ford and Holden automotive plants as well as Mitsubishi’s plant shutdown in 2008 has hurt the Australian economy far more than anyone can imagine. Also, relying on imports from Thailand, China, India, U.S.A and other nations is definitely going to strain Australia’s finances and also cause political instability in Australia.

The theories and concepts of business process outsourcing and engineering in the U.S.A have been quashed, with thanks to Donald Trump’s protectionist and nationalist policies that have not only rebounded and restored American manufacturing but have also taken suit in Europe as well as Africa and certain Asian nations. India is benefiting from a strong manufacturing base for both domestic and international consumption which has made its economic base stronger. Despite China having billions in its treasury, excessive mining has damaged its landscape and rivers, where carcinogenic metals have leaked into river waters thus producing polluted fish, sinkholes, cancers in villagers and cancers in agricultural produce. Moreover, with dozens of Chinese export goods like vegetables, meat, rice and other things banned and blacklisted by most O.E.C.D nations, China is officially in deep trouble.

When it comes to Thailand, they have benefited from a previously strong base and are benefiting from a rising auto industry that earns billions and even trillions! Mitsubishi, Ford and Toyota were given entries but on the basis of joint ventures, with shared research and development and controlled industrial expansion which will now give Thailand an even improved base for starting its own companies in automotive industry (Vehicles, Parts, Equipment) as well as shipbuilding and other manufacturing sectors, and that too with less pollution. Being environmentally and economically responsible, Thailand has invested in all sectors of the economy, from education and healthcare to tourism. With the Australian Dollar falling, its time for Australia to realize its mistake and fix its struggling economy.

The following graphs will help indicate Australia’s so called economic miracle and how it is tumbling down

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Number of quarters the aforementioned economies endured without a recession since 1991

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Australia’s commodity exports (Mineral and Fuel) as well as prices of Iron Ore and Coal per metric ton

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The Australian Net Disposable Income has risen

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So did the wage rates til some time but the hourly pay has fallen, and is further decreasing to concerning extent

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Taking housing prices as a multiple of Annual Income, Australia has the most expensive housing market in the Anglosphere, the Southern Hemisphere and in the world as well as O.E.C.D nations

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Whats even more concerning is that the Australian household debt levels are rising each passing day, and are not stopping! They are continuously rising which indicate Australia will default on its debt in the future

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Australia is now relying on exporting services to save the balance of payments, which is certainly not possible. For that, Australia must restore manufacturing and export manufactured goods.

The problem lies in the policies of the Australian Government. The ambigious statuses of Rio Tinto mining corporation and BHP Billiton should raise alarms. They label themselves as multinationals, but with 2 headquarters (i.e. Melbourne and London for both) they both should be paying taxes in Australia and the United Kingdom but sadly, they just evaded Australian taxes whilst earning millions and billions off commodity exploration, mining, refining and export of minerals and even petroleum. Even if they are paying taxes in Australia, how come the British economy is ahead of the Australian economy? even after Brexit?

In 1991, Australia emerged from a recession, unemployment peaking at 11.1% and price of Iron Ore languishing at USD$15 per metric ton. John Howard, the leader of the consecutive party becomes Prime Minister in 1996 and decides to privatize state companies and reduce government spending resulting in strong export growth, stable Australian Dollar, good value of earnings coming from exports of both minerals and goods and manufacturing sector receiving good strength and investment. In the year 2001, Billiton plc of the United Kingdom agreed to merge with BHP of Australia, resulting in merger of two of the world’s largest iron ore producers. Two years later, China’s economy grows at an annual rate of 10 percent, giving a golden opportunity for BHP Billiton to earn billions from the export and sale of Iron Ore to China and Chinese businesses & Corporations, thereby making Australia a commodity strongman. 4 years later, in 2007, Kevin Rudd, a former Mandarin speaking diplomat who spent his formative years in poverty apologized to Aborigines and Torres Strait Islanders for the way they were treated and promised closer relations with People’s Republic of China, which then give Australian businesses and corporations, leverages for outsourcing business processes to China and other nations in Asia.

However, a year later, the Global Financial Crisis appears, risking thousands of jobs and businesses, sending commodity prices spiraling downwards and BHP Billiton deciding not to acquire Rio Tinto thus ending BHP Billiton’s 18 month pursuit. Commodity prices rebounded in the year 2009, with Chevron approving the USD$ 37 billion Gorgon offshore natural gas project resulting in the Australian Dollar achieving parity with the U.S Dollar. In 2011, Iron Ore was priced at USD$190 per metric ton, and mining workers earning more than AUD$ 175,000 annually just for digging, excavating, running drills and transporting the ore. Laid off workers from the manufacturing sector eventually found work as miners in Australia’s booming mining sector. The strong value of the Australian Dollar at that time did not place much emphasis on investing in manufacturing, rather mining giants were enjoying billion dollar earnings from export of Iron Ore, Gold and other commodities to China and other industrial powerhouses of that time. However, in 2012, this scene took an unprecedented U-Turn when Fortescue Metals Group announced cost cuts, lay offs, roll over of company funded barbecues as well as reduction in mining operations which spell the end of the mining boom and the start of the devaluation of the Australian Dollar.

2013 was a worrisome year as Holden’s parent company General Motors announced the ceasing of production in Australia within a few years. Conservative Politician Tony Abbott became Prime Minister while Governor of the Australian Central Bank Glenn Stevens warned against relying too much on mining again and called for restoring manufacturing, citing reasons such as an unprecedented massive economic downturn and default. in 2015, the price of Iron Ore fell down to USD$ 37 per metric ton, which then plummets salaries in mining, leading to Liberal politician Malcolm Turnbull ousting Tony Abbott, with Turnbull promising to diversify the Australian economy. in 2016, economic indicators show Australia entering deflation and Malcolm Turnbull surviving the 2016 elections by a narrow margin, leaving his Government in a fragile position.

Apart from that, with Uber threatening to take over the Australian taxi sector, various municipalities planned on giving AUD$ 125,000 per taxi driver as golden handshake term deposits but that was overturned with massive protests from municipal taxi drivers and economists as well as the general public alike, who argued that not only will this further raise debt levels but also leave thousands unemployed. Furthermore, Uber’s cost mechanisms were revealed to be shady and Uber has been banned in many countries across the globe.

Australia is now earning from Higher education, seeing an influx of many foreign students, Tourism; generating millions from Chinese and other western tourists as well as high end defense and biotech manufacturing; which is facing challenges from high wages and low competitiveness. Furthermore, with the Chinese economy falling into recession, Australia looks more likely to fall into recession, political instability becoming visible and the housing bubble is also more likely to blow, sending housing prices even lower than that of the U.S.A, Canada and Hong Kong.

With Holden now taken over by PSA of France and more likely to be produced outside of Australia, coupled with the shutdown of Ford Australia’s and Toyota’s manufacturing plants in the state of Victoria, the Australian is officially in trouble. Though Aircraft parts are being manufactured in South Australia, the Australian economy is in trouble and now it needs to reorganize itself and bring manufacturing back or else, it will go down as among the worst affected economies ever.

Pokémon GO launches in Japan with sponsored gyms at 3000 McDonald’s outlets — 9to5Mac

Rounding out the major launch countries, Pokémon GO has hit Japan — the home nation of Nintendo and Pokémon. Due to the major cultural significance of the company and intellectual property behind Pokémon, developers are expecting Pokémon GO to be a big hit in the region. The launch in Japan also has knock-on effects for the player base…

via Pokémon GO launches in Japan with sponsored gyms at 3000 McDonald’s outlets — 9to5Mac

Fast and Furious 4/5 Dodge Charger at the 2016 Amelia Island Festivals of Speed — Mind over Motor

For anyone who is a fan of Vin Diesel, fast cars, or the Fast and the Furious franchise, I have a special treat for you. This year, at the Festivals of Speed in Amelia Island, someone brought along the hero car from FF4 and FF5. This Dodge Charger, although set up for movie stunts and […]

via Fast and Furious 4/5 Dodge Charger at the 2016 Amelia Island Festivals of Speed — Mind over Motor

SEMA 2014: Part Three

timscribbles.com

Words by Tim Wong

The sheer number of cars and variety among them is a sight to behold at SEMA. From the restomod American classics to the modified imports, the show is something you can spend endless days going through the show and still not see everything. Inside and outside, the Las Vegas convention center is littered with cars everywhere.

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Belladonna Ford GT

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Magnus Walker’s 78 SCHR

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Another Bulletproof Automotive R35 with a fusion of Rocket Bunny and Overtake body parts.

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Bulletproof Automotive Varis Kamikaze-R

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Another Sarto Racing Mercedes CLK

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Vollkommen Design’s widebody Subaru WRX STI

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Elvis Skender’s Aimgain LS400 on Work Meister M1. After watching Elvis build both his Aimgain LS400 and then his Aimgain FRS over the course of several months online, it was nice to see them in person.

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Bloodtype Racing Hyundai Genesis coupe with a Kei Miura-designed aero kit

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Honda had a number of new Fits…

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