Covid Mk ll

**trout1105** · 4th January 2022, 03:19 AM

Originally Posted by 101RRS

My point is, that it does not matter whether it is iron from WA, coal from NSW and Qld or technology from the ACT, they are Australian exports - if WA tried to divert its export to somewhere else, or NSW/Qld tried to export coal to somewhere else that the Feds dont like then the States are overruled - it might be dug up in a particular location, and that State might be able to glean royalities but ultimately the resource is controlled by the Feds not the States.

An example is the Chinese Belts and Roads initiative where capital was going to be imported to Victoria from China - the Victorian Government agreement was stopped dead in its tracks as not being in Australia's interests.

Irrespective of where they are sourced, all exports are Australian not individual State.

Also you gotta love Wikipedia where you got the 46% number from - was back in 2011 in the mining boom. Also it says:

This article has multiple issues.
This article may be unbalanced towards certain viewpoints. (October 2016)

This article needs to be updated.
The reason given is: Economy has changed a lot recently, especially extractive construction. (March 2017)

So if you are going to quote stats - please provide up to date stats and the relevant caveats.

Yes the export of iron ore is important to our economy (why we are not value adding by at least doing the first stage of processing I am not sure) but in GDP terms it is not providing nearly as much as its export value - to quote from your 2011 Wiki article - WA only provides 14% of GDP so puts the exports into perspective.

However - this thread is not about the economy of WA but about Covid, one aspect being that at the moment WA is out of step with the rest of the country. To balance this are the other States on the right track in moving too quickly to 'live' with Covid. My simple view is that WA rules are too draconian and not sustainable in the longer term but likewise I do not see the need for the rush elsewhere to relax everything - certainly many things should have been relaxed but should have been done in a phased fashion, not all at once.

2021-22 WA Budget – Fact Sheets – WA’s strong economy and WA jobs (ourstatebudget.wa.gov.au)

Here are some updated figures for you.

WA's exports grew to 223 bllion in 2020-2021, accounting for more than half the National exports

**windsock** · 4th January 2022, 04:03 AM

NZ numbers in case anyone is interested. Calm before the Omicron storm it appears. See the case numbers in MIQ grow in the chart in the link. Omicron is hammering at the door... Currently low delta case numbers in keeping with the low testing numbers over the holiday season I think.

Covid-19 data visualisations: NZ in numbers | RNZ News

We've had a couple of close calls with Omicron at the border. An overseas DJ bought in for the summer festival season thought he as above the regulations and left MIQ self-iso before the results of his last test was in and tested positive for Omicron after two days in the community. So far nothing has shown up in his circle of contacts. He tested positive after three negative tests over nine days. Long incubation? Cross infection in MIQ?

Another case where an Air NZ host tested positive after flying from Aust with a plane load of returnees and a few on the flight subsequently tested positive for omicron and the Air NZ host tested positive also after a couple of days out in the community.

Hoping the luck holds up a while longer.

**incisor** · 4th January 2022, 06:37 AM

B.1.640.2

New variant with 46 mutations

And nsw hospitals in chaos according to doctors working in them

the news headlines this morning

Welcome to 2022

But yesterday was nice

**trout1105** · 4th January 2022, 07:26 AM

And nsw hospitals in chaos according to doctors working in them

But But But the pollies say that everything is just fine in the health system and it is coping easilly.

With COV19 positive health workers back on the job with their overworked and nearly exhausted colleagues, What could possibly go wrong with this scenario.

**ramblingboy42** · 4th January 2022, 07:56 AM

nothing, just bring in trained personnel from overseas, they love the opportunity to come here and they don't need training......was someone clapping their hands....oh , more than one...

**101RRS** · 4th January 2022, 11:10 AM

Originally Posted by trout1105

2021-22 WA Budget – Fact Sheets – WA’s strong economy and WA jobs (ourstatebudget.wa.gov.au)

Here are some updated figures for you.

Also a bit out of date - calculated on a Iron Price of $220 a tonne - currently at $120 a tonne - hmmm where has that $5b surplus gone. Value of exports almost halved in 6 months. Not good for the country, not good for WA and highlights the volatility of the WA economy with foundations based on just one industry. WA makes lots of money but as has been highlighted does not seem to flow back into the community with issues such as poor health infrastructure and surge capacity.

Iron Ore PRICE Today | Iron Ore Spot Price Chart | Live Price of Iron Ore per Ounce | Markets Insider

**4bee** · 4th January 2022, 12:58 PM

Originally Posted by scarry

And lots of hot air?

I suspect Australia's energy probs would be over if it could only be stored for economical reuse Paul.

**Fatso** · 4th January 2022, 06:12 PM

Originally Posted by 101RRS

Also a bit out of date - calculated on a Iron Price of $220 a tonne - currently at $120 a tonne - hmmm where has that $5b surplus gone. Value of exports almost halved in 6 months. Not good for the country, not good for WA and highlights the volatility of the WA economy with foundations based on just one industry. WA makes lots of money but as has been highlighted does not seem to flow back into the community with issues such as poor health infrastructure and surge capacity.

Iron Ore PRICE Today | Iron Ore Spot Price Chart | Live Price of Iron Ore per Ounce | Markets Insider

Cant get any more recent than the 21/22 WA Budget Dude , iron prices have been going up and own since 2000 when iron ore pricing went to spot marketing instead of contracted pricing , doesn't seem to effect the $ to Au much over time ! what gets lost today gets picked up on the roundabout tomorrow . Wasn't too good when the Gove took all the WA royalties by way of slashing the GST to rock bottom and gave it away to everyone else , but that is another story that has now been rectified and rightly so .

By the way i do not use Wikipedia to sprout figures, i will leave that to the experts on here " looks looks you use it

" , WA has been in the 30/50% of GDP for donkeys' yrs so just used a sort of average and not filling up pages of rhetoric .

I might add , that if the iron ore industry goes bust for what ever reason every one in Australia will feel the pain .

**Tote** · 4th January 2022, 06:52 PM

Originally Posted by Fatso

I might add , that if the iron ore industry goes bust for what ever reason every one in Australia will feel the pain .

But when times are good all the kudos belongs to WA ??

Regards,
Tote

**JDNSW** · 4th January 2022, 07:03 PM

Yes - royalty going to the WA government is only one of the ways that money flows into the economy, but the main way that is specific to WA. The overall economic activity and company profits and employment pays personal income and company tax, which provides major support to the Commonwealth, and company profits provide money to shareholders, probably mainly in Sydney and Melbourne, and by propping up the $A keeps prices down for everyone.

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