Author | Lightnews

Peter Hannam @phannam.bsky.social · Dec 25

(Last from me): www.theguardian.com/business/202...

Upturn or uncertainty: decoding Australia’s 2024 economy and what it means for you next year

Despite jobs growing and interest rates tipped to drop, a variety of factors mean the economy could be tested soon

www.theguardian.com

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Peter Hannam @phannam.bsky.social · Dec 19

Stay tuned…

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Peter Hannam @phannam.bsky.social · Dec 19

(Photo credit: Peter Cant)

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Peter Hannam @phannam.bsky.social · Dec 19

Some news from me: I’ll be leaving my wonderful colleagues at Guardian Australia to take up a role at the Climate Change Authority in the new year.

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Peter Hannam @phannam.bsky.social · Dec 19

Looks like Christmas will be hot in Melbourne...and the Boxing Day Test Match will get off to a scorcher: (Via BoM)

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Peter Hannam @phannam.bsky.social · Dec 19

Mostly dry in southern Australia from now until Boxing Day...

(Via BoM)

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Peter Hannam @phannam.bsky.social · Dec 18

Fresh dawn…

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Reposted by Peter Hannam

Guardian Australia @australia.theguardian.com · Dec 18

ANALYSIS: Five things #Myefo tells us about the state of the Australian economy

from @phannam.bsky.social

Five things Myefo tells us about the state of the Australian economy

The economy’s rebound won’t be as strong as anticipated and more government rebates seem to be pencilled for the coming year

www.theguardian.com

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Peter Hannam @phannam.bsky.social · Dec 18

(New from me):

www.theguardian.com/business/202...

Five things Myefo tells us about the state of the Australian economy

The economy’s rebound won’t be as strong as anticipated and more government rebates seem to be pencilled for the coming year

www.theguardian.com

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Peter Hannam @phannam.bsky.social · Dec 17

Westpac/Melbourne Institute, though, finds some pullback in consumer sentiment to end 2024. Still, the rebound of late has been clear, with "current conditions" well up on last year, as is "time to buy" and expectations for family finances in a year's time.

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Peter Hannam @phannam.bsky.social · Dec 17

Manufacturers' expectations for profits, too, are bouncing back, with a net 19% of firms anticipating an increase
over the coming year. That's back in line with the long-run average in a data set going back 36 years.

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Peter Hannam @phannam.bsky.social · Dec 17

The general business outlook for six months' time continues to rise too, with the first net-positive reading since the September quarter of 2022.

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Peter Hannam @phannam.bsky.social · Dec 17

Year-end Westpac-ACCI's industry survey finds sentiment finely balanced among manufacturers who were optimistic or pessimistic to round out 2024. The 'Expected' outlook, though, picked up further and is now at its highest since September 2022.

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Peter Hannam @phannam.bsky.social · Dec 16

These surveys are amazing - as I found out three years ago:

www.theguardian.com/environment/...

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Peter Hannam @phannam.bsky.social · Dec 16

www.theguardian.com/australia-ne...

‘Increasingly worried’: more than a quarter of a million waterbirds disappear from eastern Australia

One of the world’s longest continuous bird counts has dashed the ‘wistful optimism’ of scientists hoping for a La Niña-driven recovery

www.theguardian.com

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Reposted by Peter Hannam

Sheila Foster @sheilarose.bsky.social · Dec 16

Unfortunately, federalism works both ways. Cities and states can do a lot to rectify and fill in for federal government missteps and neglect of vulnerable populations. However, the opposite is also true. Cities can be preempted by their states (and states by federal government), tho not always.

Torr 🧵 @torrleonard.bsky.social · Dec 16

“Florida *banned* local governments from *protecting* workers from heat, after deciding businesses and federal regulation did enough to keep them safe,

but a Times investigation found twice as many workers have died across the state from heat than officials know”

www.tampabay.com/investigatio...

Florida workers died in the heat. Their deaths were kept from authorities

A Times investigation found twice as many workers have died across the state from heat than officials know.

www.tampabay.com

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Peter Hannam @phannam.bsky.social · Dec 16

Before the heat…

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Peter Hannam @phannam.bsky.social · Dec 16

www.theguardian.com/australia-ne...

Coalition’s nuclear plan will hit Earth with 1.7bn extra tonnes of CO2 before 2050, experts warn

Peter Dutton’s path ‘would be an absolute failure’ in decarbonising the electricity sector and meeting Australia’s emission targets, analyst says

www.theguardian.com

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Reposted by Peter Hannam

Ketan Joshi @ketanjoshi.co · Dec 16

The Coalition's climate policy plan would result in a cool extra gigatonne of GHGs out to 2050, from Australia's power sector alone.

Great analysis by @dylanjmcconnell.bsky.social

www.theguardian.com/australia-ne...

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Peter Hannam @phannam.bsky.social · Dec 16

Parts of western Melbourne topping 43.3C today, and tomorrow it'll be Sydney's turn to bake. Parts of western Sydney may reach 42C. (Via BoM)

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Peter Hannam @phannam.bsky.social · Dec 16

A host of inland regions are competing to be the hottest place in Australia - and probably the planet - today. Presently, this is the hottest station (according to BoM):

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Peter Hannam @phannam.bsky.social · Dec 16

(New from me): Jim Chalmers reveals two appointments to Reserve Bank’s new monetary policy board

www.theguardian.com/australia-ne...

Jim Chalmers reveals two appointments to Reserve Bank’s new monetary policy board

Renée Fry-McKibbin and Marnie Baker will sit on the RBA’s new board, which follows the government’s reform of the central bank

www.theguardian.com

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Reposted by Peter Hannam

Dylan McConnell @dylanjmcconnell.bsky.social · Dec 14

Choosing the "progressive change" scenario - with lower economic growth, and significant decline in large industrial loads - as your preferred version of the future is really quite a choice from the coalition...

Figure showing projected electricity consumption for large industrial loads under two different scenarios (from the ISP). The "Progressive Change" scenario (preferred by Coalition) has industrial demand significantly falling (basically halving) by 2030.

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Peter Hannam @phannam.bsky.social · Dec 13

(New from me):
www.theguardian.com/australia-ne...

Energy generators poke holes in Dutton’s nuclear plan as questions over costings pile up

‘No one really has the foggiest idea of what it will cost to develop nuclear in Australia,’ one expert says

www.theguardian.com

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Peter Hannam @phannam.bsky.social · Dec 12

Meanwhile, Melbourne's forecast heat for early next week has eased back slightly, but 39C-41C expected across parts of the Victorian capital next Monday. (Via BoM)

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