Links 17 January 2020

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Latest posts by Leith van Onselen (see all)

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  1. Ukraine’s economy, hot money, and the impact on the investment outlook – Wandering Investor

    It will be interesting to see what happens in the Ukrainian agribusiness sector under Zelensky. I know that there is some consternation in Australia about the prospect of Ukraine and Russia squeezing Australian producers out of some of their historic grains markets.

    • The country is rotten to the core with corruption. Any new foreign investors will soon find that out. The new president has improved surface level confidence but that’s all it is. Surface level. There’s no rule of law. The judicial system runs on bribery alone. The disease of corruption issues will take at least another 30 years before you could take that country seriously. Ukraine is a rich country but investing in it is the equivalent of investing in a group of thieves.

  2. This is the modern Rome,” Hockey said of the US capital. “We’re going through a tumultuous period and I want to be in the thick of it.”

    While Trump is a unique and unorthodox politician, Hockey said that his approach to trade and defence policy represents the new normal for US politics.

    “We are not going back,” Hockey said. “America has changed, global commerce has changed, geo-politics has changed and it’s going to have a profound impact on every part of the world.

    “Any business in Australia that operates with blind indifference to what’s happening in Washington is going to suffer in one form or another. From cyber-security laws to cross-border taxation to punitive trade measures, it’s all changed and it’s not going to go back any time soon.”

    Joe Hockey has built a strong personal relationship with Donald Trump.

    Joe Hockey has built a strong personal relationship with Donald Trump.

    Hockey said Australia had to prepare for a world in which global forums such as the World Trade Organisation and the United Nations play an increasingly marginal role.

    “The US has basically torn up the whole multinational framework,” he said. “Relationships now are overwhelmingly bilateral not multilateral. And I don’t think this is exclusive to the Republicans.” – snip

    From the horses mouth as it were …

    • happy valleyMEMBER

      And wonderful to hear that Smokin Joe is staying on in Washington for a number of years to work in the private sector – just taking his own advice from a few years back (to the great Strayan unwashed striving to afford to buy a home) to get a better job?

    • we’ll spend $2b upgrading perfectly fine Bankstwon line – same money Italians spent to build 21 underground stations

      imagine how corrupt we are when a traditionally corrupt Italy is looking so much better than us?

      • exactly. was thinking same. Italy is known for being corrupted and they still manage to build this stuff at fraction of the cost we spend to do same. fck me.

        • Line 5 Milan Metro:
          The line will be 15 km (9.3 mi) long with 21 stations.[4] The expected annual ridership is 87 million. The total estimated cost is about €1.7 billion. €786 million will be granted by the Italian government, €512 million will come by private investors and €400 million from the municipal government of Milan.[5] The line will feature completely automatic driverless trains[6] and is designed for a capacity of 24-28,000 passengers per hour in each direction.[7]

          Sydney Metro City & Southwest
          Sydney Metro City & Southwest is a 30 km (19 mi) (18 stations of which 7 new) rapid transit railway line in Sydney, New South Wales, Australia currently under construction. The centrepiece of the project is a new 15.5 km (9.6 mi)[ 7 stations] twin-tunnel rail crossing under Sydney Harbour and through the city to Sydenham. Eight-car trains have a design capacity of 1,539 customers to run every four minutes during peak periods would provide a maximum capacity of 23100 passengers per hour per direction.
          The line began construction in 2017 and is planned to open by 2024.[4] It is estimated to cost between $10–11 billion.