If you find the text too small to read on this website, press the CTRL button and,
without taking your finger off, press the + button, which will enlarge the text.
Keep doing it until you have a comfortable reading size.
(Use the - button to reduce the size)

Today's quote:

Sunday, February 6, 2022

"Your coming here would give me a new lease on life"

The main street of Mount Perry, circa 1956, when it was still in its heydays

 

It is possible, I suppose, to construct hypothetical circumstances in which you would be pleased to find yourself, at the end of a long day, in Mount Perry, Queensland - perhaps something to do with rising sea levels that left it as the only place on earth not under water, or maybe some disfiguring universal contagion from which it alone remained unscathed. In the normal course of events, however, it is unlikely that you would find yourself standing on its lonely main street at six thirty on a warm summer's evening gazing about you in an appreciative manner and thinking: 'Well, thank goodness I'm here!'"

So wrote Bill Bryson in his book "Bill Bryson Down Under" in chapter 12 about Macksville, New South Wales. I took the liberty of quoting from it, only substituting Mount Perry for Macksville, both of which I know, Macksville because an old accountant-friend from my days in New Guinea had opened an office there, doing little more than helping cow cockies fill out unemployment claim forms, and Mount Perry because my best friend, also from my New Guinea days, had settled there sometime in the early 1980s when I was still working in Athens in Greece and started receiving letters from him postmarked "Mount Perry Qld 4671".

That was years before the internet and I had no way of knowing where Mount Perry was or what it looked like. That eye-opening revelation was left until mid-1985 after I had returned to Australia and, unable to find work in Townsville in Far North Queensland, I moved down to Sydney and visited Mount Perry on my way south. By that time the last traces of some former mining boom had disappeared, the picture show had been closed for years, the local mechanic had just moved to Gin Gin, the only shop in town hardly ever saw a customer, and the post office which had postmarked all those letters seemed on the verge of closing. In fact, my friend who waited for me in town to guide me to his lonely plot of land, had parked in front of it, and his was the only car in the main street.

 

Noel's prefab on his five-acre plot. As he wrote on the back,
"It's as isolated as it looks, but plenty of crows and wallabies for company"

 

He'd sent me this photo while I was still working in Greece and after he'd just bought himself this small prefab on a five-acre plot. It was the sort of place where you went when you had little money and life hadn't been too good to you and you needed time to lick your wounds.

Following my return to Australia due to a misdiagnosed case of home-sickness, life hadn't been too good to me either, and I was also licking my wounds in Sydney when my best friend invited me to join him at Mt Perry. "Your coming here would give me a new lease on life" he wrote - words from a quiet, lonely man who had sought a refuge and become stranded. He had stayed away too long, and everyone had forgotten him. It was the nearest he'd ever come to admitting that his own home-coming after a lifetime in New Guinea hadn't worked out the way he'd hoped, and he was feeling lonely and in need of like-minded company.

My friend's cri de coeur - for that is what it was - never quite registered because, while I'd experienced my own bouts of loneliness which had always been cut short by the excitement of forever chasing work around the world, I still had another twenty-five years of work ahead of me.

As so often happens, the story had a happy ending for both of us: I left Sydney for Canberra where I was able to establish my own practice, and Noel could sell his isolated plot with "plenty of crows and wallabies for company" and resettle on the edge of Childers, within walking distance of shops and pubs and medical facilities, where I revisited him in 1990 to spend our last Christmas together before he passed away in 1995.


Googlemap Riverbend

 

Saturday, February 5, 2022

Greetings from "Melbourne"

 

 

Today it's back to the good ol' days when we ignored each other with books instead of smartphones. I'm off to "Melbourne" for a solid day of reading. Books were my friends when no friends were around, and they're my friends again now that most of my friends are dead.

"What an astonishing thing a book is. It's a flat object from a tree with flexible parts on which are imprinted lots of funny dark squiggles.

But one glance at it and you're inside the mind of another person, maybe somebody dead for thousands of years. Across the millennia, an author is speaking clearly and silently inside your head, directly to you.

Writing is perhaps the greatest of human inventions, binding together people who never knew each other, citizens of distant epochs.

Books break the shackles of time. A book is proof that humans are capable of working magic."

I wish I had said that but, no, it was Carl Sagan, the now long-dead but not forgotten superstar scientist who had a special way with words:

 

 

Greetings from "Melbourne", Carl Sagan! You would have liked it here.

 


Googlemap Riverbend

 

Nice cool morning for a change

 

What's the day today? I don't know! Call it Blursday because one day blurs into another and, before you know it, it's another weekend - a weekend after a week of Sundays.

On any day ending with a 'y' we go for our walk through the village of Nelligen, now that traffic signs have been adjusted to Padma's height ...

... up and down hills ...

... past our equine friend Maverick ...

... and past gates that make us wonder who lives behind them.

I'll be sitting out the rest of weekend with three books and a DVD recently acquired from my favourite op-shop, the St Vincent de Paul Society, or Vinnies for short. It turns out that "China Cry" is also on YouTube but who am I to begrudge Vinnies the extra two dollars?

 

I highly recommend Michael Lewis' FLASHBOYS

 

However, to save you the extra two dollars, I've added its link here.


Googlemap Riverbend

 

P.S. Nothing much escapes www.archive.org, especially if it's already slightly dated, so here are the online reading links to "Great Southern Landings" and "This Fabulous Century". And, of course, you already know the drill: SIGN UP (it's FREE!), LOG IN, and BORROW. Happy reading! (and while you're add it, click on DONATE and give them a few dollars)

 

Friday, February 4, 2022

BHP stands for "Bloody Huge Profits"

 

Australian resources export revenue reached a new record high of $351 billion in 2021, according to the latest data from the Australian Bureau of Statistics.

The record shows a 21 per cent increase from the previous high set in 2019, with resources contributing 68 per cent of total Australian export revenue.

Iron ore was the highest contributing resource with $154.2 billion, up 32 per cent from 2020 to set its own record high.

Coal contributed $62 billion, up 43 per cent from 2020, with aluminium (including alumina and bauxite) adding $13.7 billion, up 15 per cent from 2020.

Copper (metal and concentrates) added $12.1 billion, up 14 per cent from 2020 and a new record high, while gold contributed $25.9 billion.

These latest monthly figures show Australia’s resource and energy exports continue to surge in record territory. And so do BHP's profits which are foreshadowed in its resurging share price.

As Trading Central reports, ""A 'Momentum' chart pattern formed on BHP Group Ltd. This bullish signal indicates that the stock price may rise from today's close of $46.81."

It's still a long way from its 52-week-high of $54.55, reached as recently as 4th August 2021 when iron ore topped $200/tonne (which is when I should've sold - but didn't! - because immediately afterwards BHP began to drop and continued to drop until it hit a new 52-week low of $35.56 on 2nd November before climbing back above $40 a month later and, thankfully, having stayed above $40 ever since), but here's hoping!


Googlemap Riverbend

 

Read the "Introduction", then buy the book

 

Four years after his #1 bestseller "The Big Short", Michael Lewis returned to Wall Street to report on a high-tech predator stalking the equity markets. "Flash Boys" is about a small group of Wall Street guys who figure out that the U.S. stock market has been rigged for the benefit of insiders and that, post–financial crisis, the markets have become not more free but less, and more controlled by the big Wall Street banks. Working at different firms, they come to this realization separately; but after they discover one another, the flash boys band together and set out to reform the financial markets. This they do by creating an exchange in which high-frequency trading—source of the most intractable problems—will have no advantage whatsoever.

 





Listen to the ebook here

The characters in "Flash Boys" are fabulous, each completely different from what you think of when you think “Wall Street guy.” Several have walked away from jobs in the financial sector that paid them millions of dollars a year. From their new vantage point they investigate the big banks, the world’s stock exchanges, and high-frequency trading firms as they have never been investigated, and expose the many strange new ways that Wall Street generates profits.

The light that Lewis shines into the darkest corners of the financial world may not be good for your blood pressure, because if you have any contact with the market, even a retirement account, this story is happening to you. But in the end, "Flash Boys" is an uplifting read. Here are people who have somehow preserved a moral sense in an environment where you don’t get paid for that; they have perceived an institutionalized injustice and are willing to go to war to fix it.

Now go and buy the book. I got mine at Vinnies for a couple of dollars.


Googlemap Riverbend