Australia’s split right down the middle this week — half underwater, half celebrating. In the north, floodwaters are rising fast in the Northern Territory and Queensland, with the Katherine River peaking at 19 metres and locals spotting crocodiles in their streets. In the south, Melbourne just wrapped up a sun-soaked Labour Day long weekend that featured F1 fans, footy crowds, massive gigs by international acts, and the iconic Moomba Festival’s Birdman Rally over the Yarra.
But amid all the fun, Australians face serious shocks — both economic and geopolitical. A spike in global oil prices is fuelling panic at the pumps as Sydney residents fill jerrycans ahead of a possible supply crunch. The local stock market tumbled in the wake of the Trump-Netanyahu conflict with Iran, wiping billions from the ASX. And with airfares skyrocketing, many families are swapping Berlin for Ballarat and Budapest for Bendigo.
We unpack how Australia’s fragile fuel reserves — just 21 days of diesel onshore — could trigger a major supply crisis. Plus, what it says about the country’s supermarket duopoly and fragile supply chains, where prawns caught in Far North Queensland go on a 5,000km detour before landing back in local stores.
It’s a tale of two weather systems, two economies, and one increasingly jittery nation — from the flooded Daly River to the crowded Yarra.
(Mostly) new Australian music played on RTHK3 radio:
Antenna - Come On Spring
The Hard-Ons - Getting Older
Jake Mason Trio - Sharks in a Paddock
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