Cans = Conus Trend
Cans. Previously a city of workforce female participant Amazons reverting to the mean? Just for you Leigh Dall'Osto and thanks for provoking the idea!
If you're female and looking for a job, Cairns was a tough place to be in March. While economists prefer the trend rate when it comes to employment statistics, increasingly the month of March is showing more women are giving up looking for jobs in Cairns with last month's participation rate at its lowest point for women than at any time in the past decade.There are some issues I think with this analysis and conclusion. I will ignore the dodgy king-parrot-nomics methodology of comparing the raw data female participation rate for the single month of March over the past decade. Lets start with the Cairns SA4 participation rate:
The board recognises that having a range of different skills, backgrounds and experience amongst its directors is important. The board considers that the directors standing for re-election demonstrate commitment to their role and continue to make a valuable contribution to the board. The board recognises that a range of tenures amongst the directors provides a valuable perspective on the Trust and its operations. In particular, the board values Mr DeLacy’s deep understanding of the Trust, its investments and the environment in which it operates because of his long tenure as a board member and because he is based locally in Cairns. The board recognizes Mr Haire’s extensive experience in listed public companies and his corporate governance experience including his tenure as President of the Queensland Division of the Australian Institute of Company Directors.
The board has considered Mr Mauric’s work experience and formed the view that he would be a suitable director were there three vacancies available on the board. However, in light of the limited vacancies on the board, only two of the three candidates can be appointed. Given the substantial contribution that Mr DeLacy and Mr Haire make to the board and their proven track record as directors, the directors of Reef Corporate Services Ltd (excluding Mr DeLacy and Mr Haire in respect of their own re-election resolution) recommend that unitholders vote in favour of the election of Mr DeLacy and Mr Haire and against the election of Mr Mauric.
The chairman of the meeting intends to vote undirected proxies in favour of the election of Mr DeLacy and Mr Haire and against the election of Mr Mauric.
Today, the RBA released its Chart Packs updated to 2 April 2015 which revealed another insight into the lines of thinking at Martin Place.
Previously the “Housing Prices” chart in the Reserve Bank’s Chart Packs have been presented using a linear or arithmetic scale, with prices spaced equidistantly. On a linear scale, housing prices in Sydney were seen to be galloping towards the top of the chart.
In this month’s Chart Packs, however, the Reserve Bank has shifted seamlessly to a log scale, whereby equal percentage changes in housing prices are plotted as the same vertical distance on the scale.That comes from Pete Wargent, a property buyers agent whose commentary I have some time for, which is a rarity. However I think this has been misinterpreted by some judging by comments seen elsewhere that a log scale is not 'real' or has been manipulated, and not sure this change or the timing really has much significance. The RBA chart is more illustrative than anything and a log scale is more appropriate for this purpose. The question should be why the RBA was previously using a linear scale.
With active convection from the MJO over the Indian Ocean, northern Australia has seen dry conditions. Most models agree that the MJO will weaken as it moves towards the Maritime Continent region toward the end of this week. If the MJO weakens it will have little influence on northern Australia; neither suppressing nor enhancing rainfall. However, storms will likely return to coastal parts of the tropical north where humidity remains high. Another burst of the monsoon over Australia is unlikely, although wet conditions and tropical cyclones can develop in April without the influence of the MJO.
However, history has shown El Niño does not always develop from the ocean trends currently observed. All international climate models monitored by the Bureau predict the tropical Pacific Ocean will reach or exceed El Niño thresholds by mid-year.