Melbourne Cup

• If the Reserve Bank does push up interest rates again, the most likely next date is its next board meeting, on Melbourne Cup Tuesday.
• It’s uncertain about what’s happening to China’s economy; it’s uncertain about the lagged effect of the 12 increases to date; and it’s suddenly less certain about inflation.

Inflation has kicked back up

• In the US, annual inflation plummeted from a peak of 9.1% to 3% before edging back up to 3.7%.
• In Australia, the monthly measure of annual inflation dived from 8.4% to 4.9% before edging up to 5.2%.
• This means inflation is moving further away from, rather than closer to, the Reserve Bank’s 2-3% target band.
• The first thing to consider (and they considered it in the first meeting under Michele Bullock on Tuesday) is what’s caused the uptick in inflation.

Petrol is fuelling inflation

• Statistically, all of the uptick in inflation (yes, all of the uptick) was caused by an increase in one price – what the Bureau of Statistics calls automotive fuel, and what the rest of us call petrol and diesel.
• Had that price not soared an astounding 9.1% in one single month, August, the inflation rate for August would have remained steady at 4.9%.

Suddenly, petrol’s $2.20 per litre or more

• The result – bolstered by a much lower Australian dollar – has been soaring prices.
• We’ve even seen new records set in some places, including Brisbane’s record unleaded price of $2.38.
• In August, retail spending grew just 0.2%, at a time of rapid population growth and still rapid price growth.
• And here’s the thing about the latest increase in petrol prices: it will wind back spending on things other than petrol even further.

Petrol could be fuelling ‘disinflation’

• AMP chief economist Shane Oliver thinks the latest petrol price rises could be disinflationary.
• Offsetting this is the reality that petrol and diesel prices have risen.
• In time, those higher prices will feed through into higher prices for just about everything that is moved by trucks.

• The project of creating Australian ballet is not a new one.
• In 1964, Robert Helpmann claimed his ballet The Display was the first Australian ballet, because it was the first with an Australian score, designer, story and choreographer.
• Since then, Australian ballet has radically transformed the way that it includes First Nations identity in its construction of what it means to be Australian.
• The 1989 founding of Bangarra Dance Theatre was key to this new Australian identity in dance.
• Both works demonstrate an approach to creating an Australian ballet that, as the program suggests, “explores the community of the stage”.

THE HUM

• THE HUM has a powerful First Nations presence including choreographer Riley, composer Deborah Cheetham Fraillon, costume designer Annette Sax and dancer Karra Nam, and engages a conversation not only with white settler Australia but also between contemporary dance and ballet.
• THE HUM shows a community where members are finally facing each other but haven’t yet worked out who they are together – although they know where to begin.

Paragon

• In Paragon, Topp shows us who The Australian Ballet has been in footage, images, dance styles and in the returning dancers who carry the company’s history in their bodies.
• Topp also shows us who we might be into the future in the bodies of the company’s young dancers.
• Much like THE HUM, Paragon is a result of this community, an honouring of ancestors and a revelation of ever-present history.

• The Bankstown Sports Group aims to establish its clubs as premium entertainment destinations by hosting public viewing events with top-tier facilities to create unprecedented engaging experiences.
• Their newest venue, the Lady Banks Rooftop Bar, is located on the 10th floor with a panoramic view of the city skyline.
• "It brings us great pleasure to see the Bankstown Sports Group use our state-of-the-art LED Display Solution Kit in a creative and ingenious manner.
• To learn more about how ViewSonic Elevates Event Experience for Bankstown Sports Group with 135" LED Display Solution Kit, please visit the following links for the full story and case study video .

• JERSEY CITY, N.J., Dec. 20, 2021 /PRNewswire/ -- BetMGM announced today the launch of the BetMGM Horse Racing mobile app in Florida and Louisiana.
• "The BetMGM Horse Racing app is a key part of our market expansion plans and will accelerate our continued growth into 2022."
• NYRA Bets is the official online wagering platform of the New York Racing Association, Inc. (NYRA) and a leading provider of horse racing content in the U.S. Utilizing NYRA Bets' capabilities, the BetMGM Horse Racing app allows customers to place bets conveniently from home.
• The BetMGM Horse Racing app is now available for download in Florida, Louisiana and Ohio on both iOS and Android devices.As BetMGM continues to expand to new areas, responsible gaming education remains a key focus.