They Say Hindsight’s 20:20, but Is My 2020 Foresight Crystal Clear?

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Note: All views expressed in this podcast are Former Mayor Penny Taylors and do not represent the views of Subiaco Council itself.

 

Subiaco is a city suburb centred on the hustle and bustle of small boutiques and high end shopping, stylish cafe’s, wine bars and gastropubs. But beneath the hustle and bustle and liveliness of Subiaco is a huge amount of debilitations threatening the city’s liveliness. 

In this episode, I’m continuing my chat with the Former Mayor of Subiaco Penny Taylor. In part one, Penny revealed a massive amount of dysfunction in Subiaco Council. If you are yet to listen to part one, make sure you go back to listen that episode first. In part two, we will be diving deeper into the dysfunction. We talk about the impacts on Penny herself, and also on the community as a whole in Subiaco along with the potential solutions to change things for the better going forwards. 

 

In the ep you’ll find out about:

  1. Local Governments lack of code of conduct 
  2. The changes being made for Subiaco’s future
  3. The false dichotomy in Subiaco
  4. Why Subiaco Counsellors don’t take the blame for the current dysfunction

And more…

 

Discussion Points:

00:00 Introduction 

02:04 The false dichotomy in Subiaco

02:30 Business becoming marginal in Subiaco

06:43 The motion of no confidence meeting

13:41 Post football plan

19:15 Obstacles to getting things done

20:14 The impact of dysfunction to Subiaco itself 

15:53 The impact to Penny the Mayor

28:06 The impact to Penny the person

32:47 The obstacle and impacts on the people of Subi

34:57 Advice to the people of Subiaco/incoming Mayor 

 

About The Guest

Penny Taylor is the former Mayor to The City of Subiaco. Penny completed her studies as geologist at Sydney University before moving to the Pilbara to work in the mining industry. Throughout Penny’s career in mining she worked across project management and following mining she, together with her husband started a family business servicing the resources industry. Following this, Penny then moved to Perth to start a family. 

Penny’s move to government started when she worked as a counsellor at the town of Port Hedland and ran for the seat of Nedlands in the 2017 State Election. It was this experience in Port Hedland that promoted Penny to run for Mayor of Subiaco in 2017, a role which she held until 2021. 

Aside from Government, Penny is also involved in a number of organisations including the Juvenile Diabetes Research Foundation, UWA Little Athletics and Rosalie Primary School to name a few. 

Resources:

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Listen to the audio podcast here

Check out my predictions for the resources industry next year, and you tell me!

Like it or lump it, the world runs on resources. Which means that when we’re talking about the future of the resources industry, we’re talking about a Pretty Big Deal. 

Setting the bar high, the last few years in the industry have given us plenty of dinner party conversation. Are the days of peak oil gone? How do we cope with a changing industry? (Trump said what?!)

The end of the year usually brings with it a sense of reflection, which got me wondering. What are we in for in the next 12 months?

Well, it’s impossible to know for sure – it’s just crystal ball-gazing, after all. And loathe as I am to admit it, I’m not always right. But with that disclaimer out of the way, here’s what I expect to see in the resources sector in 2020. Strap yourself in – it’s a bumpy ride. 

1. Continued low interest rates

We all know what the economy’s up to at the moment – unfortunately for a lot of us, our livelihood depends on it. But it is what it is, and with the situation not necessarily improving a whole lot, I predict that interest rates will stay low in a bid to give the economy a fighting chance.

2. An uptick in projects

Now here’s some good news. With low interest rates, it’s a whole lot easier to get a project off the ground. So I think we might see the number of projects getting a modest boost. 

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3. A rise in the price of oil

Will we ever hit over $100 per barrel again? Maybe not. But don’t rule out a modest increase for 2020.

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4. A rise in the price of iron ore (but not to July ’19 levels!)

An Australian government report released last year may indicate that key steel consumer China has already reached its peak consumption levels, but others see the situation differently. With an infrastructure push on China’s horizon, many believe that the demand for steel will rise – of course, taking the price of iron ore with it. But I don’t expect anything near the meteoric display we saw this July. 

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5. Continued rise in the price of gold

Political uncertainty continues to influence the price of gold. And with rising international tensions, unpredictable leaders and large-scale change (like Brexit), we can expect that price to continue to climb. 

6. Stagnant or declining S&P 500

…and for the exact same reason, we can expect the S&P 500 to take a small hit. 

7. Difficulty in finding resources

Once again, we’re back to supply and demand. More projects means more manpower – but it takes time to upskill and train people. This kind of demand can’t be met overnight! I predict that companies will have more trouble finding the people they need with the right skills to do the job. 

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8. Increase in day rates and salaries

A smaller talent pool puts the power firmly in the hands of prospective employees and consultancies, who know they’re in demand and can afford to raise their prices. 

Well there we have it – 2020 in a nutshell. What do you think? Am I on the money, or barking up the wrong tree? 

In any case, it’ll be an interesting year. 

And that, folks, is alright by me.

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