Another towering inferno ignites on east coast

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Ah, flammable cladding. Canberra this time, via the AFR:

Residents of a Canberra high-rise apartment building avoided potential tragedy this month when a smouldering cigarette ignited combustible cladding on the wall and balcony of a second-level unit.

Five firefighting vehicles rushed to Glebe Park Apartments on the afternoon of August 7 after the cigarette butt set fire to a cloth-covered sofa on the apartment balcony and the fire spread to the 100 per cent polyethylene-core panels on the building at 15 Coranderrk Street.

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.