18December2017

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Global Economic Weekly - April 10, 2017

Thursday night’ s US mi s s i l e a t t a c k on a S y ri a n a i rba s e  , in retaliation for an alleged chemical attack by Syrian government forces on a rebel stronghold, changed a lot of people’s minds about Trump – mostly (but not entirely) for the better. It has so far been publicly applauded by (among others) the leaders of the UK, Israel, Turkey, Japan, France, Germany and Australia.  In the US, it has been equally enthusiastically endorsed by anti -Trump Republicans like John McCain as well as by Democrats like Chuck Schumer and former diplomat Nick Burns. Since it is what Hillary Clinton was asking for in a speech only a couple of days before the attack and since it was exactly what another ex-diplomat, Richard Haass, was urging in an op-ed column in Friday’s FT, it can be expected to command widespread bipartisan support.

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Global Economic Weekly - April 3, 2017

It has been a big week, dominated (at least in Europe) by our own formal application to leave the EU and, elsewhere, by the Trump Administration’s reaction to the failure of the House of Representatives to pass (or even to vote on) its alternative to ‘Obamacare’.  At the end of the week, markets were also roiled by developments in several emerging

markets – notably South Africa, Paraguay and Venezuela. But it has also been a big quarter – a “stellar” quarter according to the WSJ.

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GLOBAL ECONOMIC WEEKLY - March 27, 2017

This week may be ‘Brexit week’ here at home. But there are important things going on in the wider world… Last week, for instance, I mentioned the G20 meeting in Baden-Baden, and the fact that the most significant part of the communique was the absence of the standard PC endorsement of global free trade and abhorrence of protectionism. That was significant. What was, perhaps, even more significant was that the other participants let US Treasury Secretary Mnuchin get his way on this without kicking up more of a fuss. I guess that too many of the other leaders feel they face problems enough of their own – from the growth of populism, to ‘Brexit’, to low oil prices, to the (alleged) geopolitical threats posed by Russia, China and North Korea. This, they judge, is probably not the best time to pick a fight with the Trump Administration.

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GLOBAL ECONOMIC WEEKLY - March 20, 2017

First, the boring bit: G20 Finance Ministers and central bank Governors met in Baden-Baden, Germany on Friday and Saturday – along with representatives from five African countries and a few other hangers-on (eg Singapore).

 

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GLOBAL ECONOMIC WEEKLY - March 13, 2017

Here in the UK, we are clearly suffering post -Budget blues, with both ‘Brexiteers’ and Remainers keen to use Hammond’s attack on White Van Man, his alleged ‘death tax’ and all the other wrinkles i n what had seemed, at first, a deeply non- contentious package to advance their own agendas. Elsewhere, however, the UK Budget is little more than a footnote.

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Government Australia Advisory Board

Simon Crean MP

John Brumby 

Kristina Keneally

Mark Vaile

Nick Greiner

Alexander Downer

Peter Charlton

Trevor Rowe

Warwick Smith

 

Bob Carr