My pick of the bunch for Monday, June 20
Bitcoin hits US$17k; Wellington's worsening quake-prone building problem; Container Door importing masses of plasterboard; Aussie house prices set to fall 30% and Nassim Taleb on bitcoin
TLDR: Back by popular demand from paid subscribers, here’s my pick of the links to news, analysis and interviews overseas and in Aotearoa-NZ this morning, including: Bitcoin’s slump below US$20k, growing signs of a US recession, massive Container Door imports of plasterboard, a forecast Australia’s house prices will fall 30%, Wellington’s deepening quake-prone building problem; and Nassim Taleb on Bitcoin.
In geo-politics, the global economy, business and markets
Scoops and news of note this morning in Aotearoa-NZ
Wellington’s CBD is already in trouble, and the quake-prone crisis has barely scratched the surface, as Piers Fuller reports for the Dominion Post.
In a few short years the number of Wellington buildings that reach earthquake-strengthening deadlines will turn from a trickle to a torrent.
Just a handful of buildings met their deadline last year, but 42 buildings are due to be fixed or demolished by 2025. In five years’ time, in 2027, the number of buildings that reach their deadline spikes at 228.
But half of the owners of these buildings still haven’t let Wellington City Council know their strengthening or demolition plans.
Engineering New Zealand chief executive Richard Templar says building owners should not wait too long to have seismic assessments done. Piers Fuller reports for the Dominion Post.
Useful longer reads and listens
Esther Taunton has worked out in this piece for Stuff that wages are about $400/week higher in Australia and housing costs about $100/week lower, depending on what you’re buying or renting and which city.
Spookies, profundities, curiosities and feel-goods
Tweet thread of the day
Ka kite ano