It’s time once again for weekend reflections, which makes space for longer than usual comments on any topic. As always, civilised discussion and no coarse language.
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John Quiggin 
I really need to understand, if Queenslanders have such unique accents why can not identify a southener fro their accent when they are here? I will not accept because Queenslanders are slow as they answer.
Rex Tillerson, Exxon Mobils CEO throws his weight behind a carbon tax.
http://www.guardian.co.uk/business/2009/jan/10/exxon-mobil-carbon-tax
It is all about temperature, El Mono. Heat loosens, cold tightens. There is plenty of evidence. Australia? hot. Australians saayee feesh and cheeeps. New Zealand? cold. Kiwis say fsh ‘n chups. It is all in the facial muscles. Aussies have trouble keeping it closed, whereas Kiwis have trouble moving their jaw at all, and the Scottish? Even colder, we know where they’re tight. So there is a range of possibilities, now go looking for the subtleties in between. Cairnes hot, Melbourne cold. You’ll find your way around.
Who says Israel and HAMAS can never agree:
“GAZA (Reuters) – Israel and Hamas vowed to fight on on Sunday, ignoring international calls to stop the Gaza conflict which entered a 16th day with heavy clashes between Israeli forces and Palestinian militants.”
http://uk.reuters.com/article/usTopNews/idUKTRE5053R720090111
Brad Setser on the cataclysmic decline in Asian trade (Korea, Taiwan and China).
Implications for Australia?
A great Ben Bernanke quote:
“… I do not think that the fundamental role of the credit creation process in the economy will be affected much at all by the process of financial change. Despite the greatly increased sophistication and flexibility of financial arrangements, as well as improved communications and computation, potential borrowers must still be screened, evaluated and monitored by experienced individuals.”
FRBNY Quarterly Review, Spring 1992-93, 18/1, p66.
John, reports coming out of Israel proper suggest Muslims are now being targeted at the Haifa’s Technical Institute. Not a good sign.