$320 billion and counting

It’s been another extraordinary news day in Australia. Earlier today the Federal Government announced the nation’s largest-ever social security program. The program, worth $130 billion, will subsidise the wages of up to 6 million Australian for the next six months.

To put this figure in perspective, the Government will spend an amount equivalent to 20% of its annual budget between March and September on this one package. It’ll reach almost one in four Australians, and represents direct Government support for 50% of the nation’s labour force.

It’s the third stimulus package announced by the Government in as many weeks. To date, these announcements have totalled more than $320 billion in funding. During the Global Financial Crisis the Federal Government engaged in a rather “modest” $54 billion of stimulus spending.

Rumour has it the Government rushed to roll out wage subsidies after Australia’s unemployed ranks swelled by a million people last week. Anecdotal evidence suggests employers were encouraged to let staff go rapidly after generous unemployment benefits were announced ten days ago.

In more good news today, the increase in new Coronavirus cases appears to be slowing. Only 127 new cases have been confirmed in New South Wales since 8pm Sunday, taking the State’s total number to 1918.

This result comes after 174 new cases were announced on Sunday (from Saturday's numbers), and 212 the day before. NSW currently has the nation’s highest number of confirmed cases. This includes 26 patients in intensive care units, 13 of which are on ventilators. Mercifully, to date, only 18 deaths have been recorded nationwide.

With each passing day, the Coronavirus crisis is turning more and more of the world as we know it on its head.

Grounded!

As a regular traveller for business and pleasure, I've been watching the aviation sector's response to COVID-19 with interest. Some recent "never thought I'd see that" moments include:

1. Singapore Airlines is now flying 9 planes (out of 147 in its fleet).
2. Qantas now flies the giant A380 nonstop from Darwin to London. Yes - Darwin.
3. The only scheduled commercial flight between Australia and North America next week will be one daily United Airlines’ Boeing 787 between Sydney and San Francisco.
4. Air New Zealand now flies three times a week between Sydney and Auckland (normally its busiest international route) instead of 5 times a day.

This is the stuff of science fiction...

UPDATE: 9 April

Another extraordinary news headline tonight. Virgin Australia, Australia's second-largest airline, has suspended all domestic flights except for one daily Sydney to Melbourne return service. The flight will run daily except for on Saturdays.

To put this announcement in perspective, prior to the COVID-19 crisis, the Sydney to Melbourne route was the world's third busiest scheduled service. More than 5000 seats were available for sale every day in 2018 alone. Almost 9.3 million passengers flew the route that year. Virgin is also an airline with a fleet of more than 130 planes. It's now flying just one of these twice a day.

Virgin had previously cut its network to 10 per cent of its normal schedule as coronavirus travel restrictions obliterated demand. Its new reduced schedule takes effect from tomorrow, with all other flights through to June 15 cancelled.

UPDATE: 12 April
Qantas has announced that it's reduced its flying fleet to just three aircraft. According to CEO, Alan Joyce, the airline will essentially fly a Qantas 737, a Jetstar A320 and a QantasLink Dash 8 on a handful of primary routes until further notice.

For example, the once-crowded air corridor between Sydney and Melbourne, which typically sees around 50 Qantas and Jetstar flights each day, has been reduced to just five flights per week from 10 April.

I kept my promise. You keep your distance!

The University of Sydney has released a social distancing model today. The success or failure of Australia's coronavirus fight relies to a remarkable degree on just one thing. If 90% or more Australian stay home and comply with all social distancing directives we can end the COVID-19 pandemic in three months. The graph above really says it all.

The university’s research also reveals that up to 30% of people would normally fail to comply with Government directives. In other words, if we can convince just 20% more of the general population to comply it’ll all be over by July.

At the moment Australians have managed to cut social contact by about 50 per cent, which will flatten the peak of the pandemic by about two-thirds, according to Professor George Milne from the University of Western Australia.

https://www.sydney.edu.au/…/greater-social-distancing

Hopefully, the social distancing and hand hygiene messages are getting out there. A colleague in Europe sent me this image from Bergamo, Italy. The town's crematorium can no longer cope with the rising death toll. Military convoys are now moving corpses twice a week.

It's such a tragic image. I honestly thought twice about sharing it. However, if it encourages one more person to stay safe then it's making a difference. Stay safe. Stay Strong. We'll get through this together.

Sorry we're closed

I never thought I'd ever witness this day! Australia has officially closed its border to all visitors. The Prime Minister has just announced a travel ban will be placed on all non-residents and non-citizens coming to Australia.  Australia citizens will also need a special Government permit before they'll be permitted to leave the country. The new travel ban will be effective from 9pm on Friday. Just when you thought the headlines couldn't get any crazier.

https://www.bbc.com/news/world-australia-51957262

It's life, but not as we know it

Australia appears to be progressively going into lockdown this weekend. Today the Government announced that cruise ships coming from international ports are banned for 30 days. All international visitors arriving after midnight must now go into self-isolation for 14 days. People ignoring these quarantine requirement will face fines of up to $20,000. The police are already enforcing self-isolation where people have ignored medical professionals.

All gatherings of 500 people or more are banned. Major sports events and festivals have subsequently announced cancellations today, following on from a flurry of cancellations on Thursday and Friday. Courts have stopped taking new jury trials until further notice.

Panic buying has emptied more and more aisles at our local Supermarket. People seem to be preparing for increasingly restrictive edicts as infection rates rise nationally. Speculation is growing that non-essential businesses and schools will soon be ordered to close.

The Federal Government has already announced that additional restrictions, covering gatherings in enclosed spaces, are going to be considered by governments on Tuesday evening.

This evening the Federal Government said the Australian pandemic will probably run through our entire winter. This essentially means they’re anticipating significant disruption from now until October.

Something big is going on...

The economic data making headlines this morning is rather sober reading. Highlights so far include:

1. Chinese airlines report domestic traffic volumes are down 84.6%.
2. Wall Street dropped 9.5% overnight. It's now trading 28% below its recent peak.
3. The FTSE in London dropped 10.8% while markets in France and Germany dropped more than 12%.
4. The Australian dollar dropped another 2 cents overnight. It's now trading at a 12 year low.
5. The most profitable air routes for European carriers (i.e. trans-Atlantic) are closed for 30 days.
6. The Australian Government has announced a $17.5 billion stimulus package.

Australia's current toilet paper shortage pales in comparison. We certainly live in interesting times.

Our new housemate

We've got a new housemate. This week we discovered a baby Asian House Gecko living in our bathroom. It's been reappearing after dark for the last two nights.

We've known for some time there’s a gecko colony on our northern balcony. Garry's heard their loud and somewhat distinctive call echoing regularly from the main planter box. It's incredible to think they're happy doing their thing eight floors above street level.

However, this week's visitor is the first we've spotted in the flesh. Native to South and Southeast Asia these small geckos were originally tree dwellers but, since arriving in the 1960s, they’ve been thriving inside Australian homes and buildings.

Geckos were first spotted in Darwin. Since then they’ve progressively made their way across the Australian continent. Today you can find them in West Australia, the Northern Territory, Queensland and now as far south as Sydney.

Our little friend will eventually grow as long as 11cms. For now, he's an adorable 3cms.

Panic buying mayhem

The world has simply gone mad.

As the Coronavirus pandemic unfolds Australian consumers have begun panic buying en masse. In the last few days, our local supermarket has run out of pasta, rice, noodles, flour, hand wash and toilet paper. The lack of toilet paper has subsequently resulted in a shortage of tissues and paper towels.

Garry’s joined the craze. He snapped up a six-pack of toilet rolls this evening. Securing them involved jostling with other shoppers who were mobbing a nervous shelf stacker valiantly trying to unload his stock cage.

UPDATE: 16 March
Last weekend's top ten panic buying favourites include all forms of mincemeat, carrots, tinned tomatoes, disinfectant, and clean wipes. It's insane what goods are now in short supply at supermarkets. Our local store has simply given up. It now posts notices telling people it can no longer guarantee the availability of items like hand sanitizer, paper towels, and toilet paper.

However, there are some positive news stories today. It's encouraging to see Woolworths supermarkets announce special shopping hours for the elderly and disabled. Before 8am, access to Woolworths stores will require proof of a concession card. This will ensure the most vulnerable in our community can buy essential goods before the panic buyers come through the doors.

UPDATE 18 March
Good luck with finding any fresh meat in our local Supermarket. The Butcher’s department has been completely bare for the last two days now.