Showing all posts about economics
Australia Post to stop shipping some parcels to the United States
27 August 2025
Australia’s primary provider of postal services, Australia Post, has suspended delivery of “low-value parcels” to the United States, on account of tariffs imposed by the US government.
Packages with a value of less than eight-hundred dollars (US), will be subject to tariffs as of Friday 29 August 2025. The move will be a blow to businesses, particularly smaller operators, who sell items online to global customers.
Australia Post will continue to ship letters, documents, and gifts valued at less than one-hundred-and-fifty dollars though. I assume these gifts will be exempt from any tariffs.
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America, Australia, commerce, economics
Converting commercial buildings to private dwellings: difficult but possible
31 May 2025
At first glance, it seems reasonable that disused and empty commercial buildings be converted to residential dwellings to help reduce homelessness. But, commercial buildings are designed to be commercial buildings, and converting them into private dwellings can be far from straightforward.
Make Room — a Melbourne, Australia, based initiative that transforms city buildings into homes — however, demonstrates this is quite possible.
“We’re in the middle of a housing and homelessness crisis… we all need to play our part in creating and finding a solution,” Melbourne Lord Mayor Nick Reece says. Reece presides over a city which has an estimated shortfall of 6,000 affordable rentals. “If we do nothing this will almost quadruple to more than 23,000 by 2036,” he says. Make Room demonstrates, according to Salt, “the viability of converting commercial spaces to residential” and he hopes it will inspire other projects.
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community, economics, technology, trends
Cafes in the United States seek to discourage remote workers staying all day
22 May 2025
Some coffee shops in the United States have begun cracking down on people who use their place for hours, maybe even all day, as an office. Some store owners are imposing time limits on remote workers, switching off WI-FI, or blocking access to powerpoints.
Fair enough too. Australian cafe operators are acutely aware of the challenges of running a profitable business, and having someone hogging a table all day, only makes matters worse.
Some owners hope a table will generate perhaps forty dollars an hour, on the expectation several parties occupy that table over the course of an hour. It seems doubtful to me that a remote worker, sitting at a table for, say, eight hours, would even spend forty dollars all day.
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coffee, economics, technology, trends, work
Australia, land of the most expensive passport in the world
2 January 2025
From yesterday, 1 January 2025, the price of a ten-year Australian passport rose to four-hundred-and-twelve Australian dollars. That’s the cost of thirty-five pints of Victoria Bitter at the local pub.
Happy New Year.
As a comparison, the new price converts to a little over two-hundred-and-fifty dollars American, a little under two-hundred-and-fifty Euros, and about two-hundred British pounds. However, the hefty price tag is justified, according to a spokesperson for the Department of Foreign Affairs and Trade, who notes that the Australian passport is “a high-quality travel document”:
“The Australian passport is respected internationally as a high-quality travel document. It has a high level of technological sophistication, backed by rigorous anti-fraud measures, which ensures its integrity,” the spokesperson said in a statement. “This is a key reason why Australian passport holders receive visa-free access to over 180 countries.”
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Coffee prices push toward fifty-year high
17 December 2024
The last few years have been bad for both producers and consumers of coffee. Extremes of weather in growing regions has resulted in diminishing coffee bean harvests, which has in turn pushed up prices. This is a topic I’ve been covering for a while here now, but it seems coffee is only going to get more expensive going forward:
On Wednesday, the price for Arabica coffee, the world’s most popular variety, hit its highest level in nearly 50 years, with a pound of beans (453.6 grams) listed in New York for US$3.20 ($5.02). The all-time high was US$3.38 ($5.30) for a pound of Arabica beans in 1977 due to snow destroying swathes of Brazil’s plantations.
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coffee, current affairs, economics, trends
Coffee drinkers ditch coffee as price rises continue to bite
13 September 2024
Australian food critic Terry Durack, writing for the Sydney Morning Herald:
Coffee’s changing. The cost of beans continues to rise, and everyone is on the lookout for alternatives. Old-fashioned espresso coffee is in danger of being shouldered aside, just as cow’s milk is making way for oat, almond and soy.
With coffee prices rising, people are apparently looking for alternatives to coffee-based brews, and maybe I don’t blame them.
A month or so ago, I bought a small cappuccino after stopping by a place in Redfern — one of the inner suburbs of Sydney — for five dollars. That’s about what I usually pay, for a large drink, but this was a small serve. A super small serve. The cup must’ve been two-thirds the size of the usual sized small/regular takeaway coffee cups. The alternatives to cow’s milk I get. But now I see why some people are keen to try alternatives to their once daily caffeine fix.
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More price rises are on the way for coffee drinkers
9 August 2024
Bad weather continues to hit coffee growers in Brazil and Vietnam, forcing Australian coffee suppliers to warn of shortages, and more price increases.
It’s been a tough few years for coffee producers. When I wrote about production problems almost three years ago, droughts in Brazil were impacting harvest yields, causing a reduction in supply. Labour shortages, occasioned by the pandemic, saw growers in NSW also struggling to harvest.
By early 2022, there were fears coffee might be on the way to seven dollars a cup. Mercifully, that dire prediction has yet to come to pass.
A large cup of takeaway coffee costs five dollars at the places I usually go to. It’s a sensible price, especially if paying with cash, as I sometimes do. I’ve become quite used to having no small change rattling around in my pocket, even if current coffee prices are leaving me more, er, out of pocket.
If the cost of a cup were to press on towards the six dollar mark, I’d start becoming seriously worried about the viability of many coffee shops. Surely some customers would start cutting back, though there is the argument that consumers continue to make smaller comfort purchases, while forgoing other, more costly, outgoings.
And check out the image in this ABC News article, which breaks down the cost of a cup of coffee in Australia. For a small cup, coffee beans only constitute about twelve percent of the total cost. The rest of the money goes elsewhere. But perhaps we should be thankful in Australia after all. A cup of coffee costs about eight dollars in San Francisco, while people in parts of Switzerland pay ten dollars. Five dollars must seem a like a joke to coffee drinkers in those locations.
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Teleportation: the superpower of choice of superheroes
2 July 2024
Given the choice, a regular person, like you or me, who decides they’d like to become a superhero, will choose teleportation as their superhero superpower. In preference to three other choices they could have made: mind-control, flight, or supernatural physical strength. This is the long-story-short conclusion of some recent research into the subject, by Julian J. Hwang and Dongso Lee.
I’m not so sure about teleportation as a superpower though. It would certainly be useful for travel, but for a superhero? I’d go for mind-control, or supernatural physical strength, instead. Wouldn’t either of those be more useful in subduing your foes?
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Burritos power Guzman Y Gomez to hot sharemarket debut
21 June 2024
Shares in Australian founded Mexican food restaurant Guzman Y Gomez (GYG: it’s not only an initialism, it’s a ticker code) had a stellar debut on their first day of trading on the ASX, with one market pundit describing the launch as “the hottest float on the stock market in years“:
Its shares opened at $30, a premium of more than 36 per cent to what investors paid ahead of the blockbuster initial public offering under the ticker “GYG”.
The float price for GYG shares was $22, and as of the close on trading, yesterday afternoon, were priced at $30 a piece. GYG’s burritos sure are hot, as I’ve said before.
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Well-built furniture should last centuries, not a couple of years
12 June 2024
When Lauren was pregnant with a child who’s now turning 25, we purchased a comfy dark-brown leather sofa which fits our living room nicely. What with kids and relatives and employees and cats and Standards Comittees and friends and book clubs and socials, the butt-support cushions had, a quarter century later, worn out. So we had them replaced, at a fair price, by a small local business. Which is something that modern capitalism is trying to make impossible.
An old neighbour runs a furniture recycling business. His speciality is something called mid-twentieth-century furniture, sometimes mid-century furniture. It has a darker, wood stain/grain look, and really isn’t my thing. But it’s sturdy, well-built furniture, and will still be here long after the self-assembly particle-board stuff, this is presently so popular, has crumbled into ruin.
Short wonder my neighbour can’t keep up with demand for furniture that’s seventy-years old.
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