Australian economics good news thread

[Dona Ferentes]

"Rio bar" is most commonly an Australian term for rebar (reinforcing bar), a steel bar used to rein..

Some of the reinforced concrete bars you see on building site, useful as is as a weapon but better sharpened;
A tool of choice in the cultures who decided to go lifestyle before hard work.

sorry mate, mec

I'll stick with reo ... a contraction, significant and in the Australian way, of reinforcement bar, or rebar.

 

[wayneL]

home made machete in Victoria using Rio bars?
that is a start toward industrialisation and use of skilled migrants?

See your local blacksmith.

 

[Smurf1976]

"Rio bar" is most commonly an Australian term for rebar (reinforcing bar), a steel bar used to rein..

Might be one of those terms that varies between states?

In Tassie I it was always reo as short for reinforcing.

In SA I haven't had cause to find out beyond wishing that whoever built my driveway had actually used some in it.

 

[wayneL]

"Rio bar" is most commonly an Australian term for rebar (reinforcing bar), a steel bar used to rein..

Some of the reinforced concrete bars you see on building site, useful as is as a weapon but better sharpened;
A tool of choice in the cultures who decided to go lifestyle before hard work.

There most rudimentary blacksmith skills, + an old farriers rasp, = a crude machete

 

[rolly1]

Yea it is reo in Qld too, I worked in the construction industry for awhile.

 

[qldfrog]

Yea it is reo in Qld too, I worked in the construction industry for awhile.

i thought Aussie name came from rio company
my answer was cut and paste from google search

 

[frugal.rock]

Above. Rio bar.

Below. Reo bar or rebar

 

[qldfrog]

sorry mate, mec

I'll stick with reo ... a contraction, significant and in the Australian way, of reinforcement bar, or rebar.

yes, we are talking same think, i use whatever i hear and see used by concreters so not exactly best reference and who cares?
Machetes ,however many millions Victoria put in bins , are not exactly good news

 

[Sharkman]

Uhmm... we have great... beaches?

There are tons of videos out there by American (or other people originally from "advanced" nations) youtubers showing how they live like kings in various E/SE Asian countries on what would otherwise be an ordinary wage in their own country, because their own currency buys a truckload of the local currency.

We could be like that too! As Wayne already mentioned, our exchange rate has been going down the dunny for years, and our heavily primary sector focused economy is looking more and more like that of a developing nation as the years tick by, so we're well on the way there already. With our beaches, natural features, outdoor adventures and all that, we could become the one of the world's premier luxury retirement homes, where foreigners with modest savings by their home countries' standards come here, convert their savings into millions of Pacific Pesos, and pay us to keep them pampered in their retirement.

I'm half joking of course, but... I'm also half not joking. When I recently moved back to Aust after living in Singapore for many years, my immediate reaction was "what cost of living crisis? Stuff is so cheap here compared to what I faced in Singapore!". Now a big part of that is because of the strength of the SGD, but if the AUD continues on its slippery slide downwards, I wouldn't be surprised if that sort of reaction becomes more and more commonplace.

 

[countrylad]

Come on you blokes and ladies this is supposed to be the good news thread.

 

[Antirnator]

Good News! Jacinta Allen and friends are going to China to sell off the rest of Victoria to the CCP

 

[divs4ever]

well the good news seems to be we are doing better than the Europe ( well at least France , Germany and UK )

and maybe we can look to Japan for ways to reinvigorate our manufacturing

 

[divs4ever]

Good News! Jacinta Allen and friends are going to China to sell off the rest of Victoria to the CCP

do we get paid in physical gold ? ( or at least silver )

 

[Antirnator]

well the good news seems to be we are doing better than the Europe ( well at least France , Germany and UK )

and maybe we can look to Japan for ways to reinvigorate our manufacturing

And South Korea

 

[Antirnator]

do we get paid in physical gold ? ( or at least silver )

As long as it is not Nickel.

 

[divs4ever]

And South Korea

as i read it South Korea ( compared to others ) is only in mild discomfort

whereas Japan has the problems we are going to have soon ( a shrinking,aging , increasingly unproductive citizenry )

an increasing government deficit , an existing skill shortage

if Japan can overcome such issues Australia would do well to adopt such solutions earlier rather than when we are desperate .

 

[Antirnator]

as i read it South Korea ( compared to others ) is only in mild discomfort

whereas Japan has the problems we are going to have soon ( a shrinking,aging , increasingly unproductive citizenry )

an increasing government deficit , an existing skill shortage

if Japan can overcome such issues Australia would do well to adopt such solutions earlier rather than when we are desperate .

Oh I see, I just meant the manufacturing innovation in South Korea that functions in a mid-sized economy with more robotics and using a smaller labour force.

 

[JohnDe]

as i read it South Korea ( compared to others ) is only in mild discomfort

whereas Japan has the problems we are going to have soon ( a shrinking,aging , increasingly unproductive citizenry )

an increasing government deficit , an existing skill shortage

if Japan can overcome such issues Australia would do well to adopt such solutions earlier rather than when we are desperate .

I have just got back from 3 weeks in Japan and South Korea, don't believe all you see from the regular media financial news. Unless you go over and see it for yourself you are not fully informed.

Both countries have reformed their worker immigration regulations, especially Japan, automation is a big help in all aspects of their economy, expansion has started, price of everyday staples is about half of what we pay here in Australia. You can eat out and have a home cooked style meal for less than $10, $15 if you want to stuff yourself or have a pot of tea with the meal.

Do yourself a favour, take a holiday and see what is happening.

 

[Dona Ferentes]

good news .. we mine for and produce gold.
Top Gold-Producing Countries (approx. 2023/2025 data)

• China: 378.2 tonnes
• Russia: 321.8 tonnes
• Australia: 293.8 tonnes
• Canada: 191.9 tonnes
• United States: 166.7 tonnes
• Ghana: 135.1 tonnes
• Indonesia: 132.5 tonnes
• Peru: 128.8 tonnes

 

[divs4ever]

manufacturing innovation

hasn't that been explicitly forbidden Australia wide ?

it sure was in some places i worked at 15-20 years back

besides the Australian administration will never understand South Korea ( except perhaps Ms. Rinehart )

( why do all that stuff before you are completely desperate )