Squiz Today / 11 January 2023

Squiz Today – Wednesday, 11 January

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Squiz Today Podcast

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Today’s listen time: 9.30 minutes

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Squiz Sayings

“Wow Nick Kyrgios is bad for the sport! Wow what a disgrace, a national embarrassment!”

Tweeted Aussie tennis firebrand Nick Kyrgios yesterday after his warm-up match against Novak Djokovic in Melbourne on Friday sold out in 58 minutes. Let’s hope his serve is as withering as his sarcasm…

Emissions targets set for Oz polluters

The Albanese Government yesterday outlined how emissions from Australia’s industrial sector will be reduced to meet our official targets. Speaking at a Rio Tinto refinery at Gladstone in Queensland, Energy and Climate Minister Chris Bowen said about 215 industrial emitters – aka the big mines, refineries, smelters and heavy manufacturing plants – would have to cut their carbon emissions by 4.9% every year until 2030. At this point, it’s a proposal and a big part of the government’s plan to reduce emissions by 43% below 2005 levels by 2030 – one of Team Albanese’s key election promises. The sector produces 28% of Australia’s carbon emissions, and if the plan goes ahead, Bowen said it will deliver about half of what’s required to hit our 2030 reduction target.

That’s a great question, and we commend you on your bravery in the first week back… As a reward, we’ll make it as simple as we can… What Bowen’s outlined is called the ‘safeguard mechanism’. Essentially, those emitters will be told to reduce their emissions by a set amount annually, with the government penalising those who don’t step up. Emitters who come in under their target will have valuable carbon credits that they can sell to emitters who come in over their target. Bowen says although it’s complicated, it’s “a balanced package which will now be open for consultation with industry, climate groups and the community”.  And to help these businesses move to cleaner operations, the government has earmarked $600 million from its $1.9 billion Powering the Regions fund.

The Climate Council’s Dr Jennifer Rayner is tentatively pleased – she says big emitters have had “a free ride” for too long. But she and others have warned against a “cheap and easy” carbon credit offset system, saying it sends the wrong signal. However, the business sector has welcomed the detail, saying they’re on board – as long as it’s a plan that will remain in place so they can plan for the future. The safeguard mechanism is part of the response to honouring Australia’s commitment to limit the effects of global warming – and yesterday, there was evidence that global action works. The United Nations says the hole in the ozone layer is healing and may be completely restored within decades, thanks to international efforts. Teamwork really does make the dream work…

AusPol Business & Finance Environment & Science

Squiz the Rest

Setting the scene on a couple of big issues

At yesterday’s Five Finance Ministers meeting, Treasurer Jim Chalmers joined his counterparts from the US, UK, Canada and New Zealand to discuss dealing with the ongoing effects of the war in Ukraine and COVID-related supply chain issues. Overnight, the World Bank said it’s worried the global economy is “perilously close to falling into recession” because of those problems. Chalmers also took the opportunity to call for international cooperation in the face of the “threat and use of economic coercion”. Cue China’s ambassador to Oz Xiao Qian to step up to the plate… He fronted a rare press conference yesterday to warn against allowing our differences to “hijack” the relationship. He called 2022 an “extraordinary year” and praised the Albanese Government for a “reset” in the diplomatic relationship. Onwards and upwards…


A pain in Bolsonaro’s gut

Brazil’s former president Jair Bolsonaro tweeted a photo of himself in a Florida hospital bed after being admitted yesterday with “severe abdominal pains”. It was a brief visit – he was discharged after receiving treatment for complications from a stab wound he received during the 2018 election campaign. It comes a week after the country’s new leader Luiz Inácio Lula da Silva was sworn in and a day after thousands of Bolsonaro’s supporters stormed government buildings in Brazil’s capital, destroying property, including several historically significant works of art. Bolsonaro – who didn’t concede defeat after October’s tight election – has rejected claims he fuelled the riots. In response, protesters in the country’s largest cities of Rio de Janeiro and São Paulo yesterday joined pro-democracy rallies calling for Bolsonaro to be jailed.

World News

Restoring order to men’s soccer

After December’s A-League Men’s Melbourne derby ended with a violent pitch invasion, Football Australia (FA) has handed down the “heaviest” sanctions ever seen in Aussie soccer. About 150 fans stormed the field, forcing organisers to suspend the match after injuries were inflicted on Melbourne City goalie Tom Glover and referee Alex King. Melbourne Victory has been blamed for bringing “the game into disrepute”, and it’s been hit with a record fine of $550,000. There’s also a suspended 10-points deduction hanging over the club for the next 3 seasons that will be triggered by any “serious supporter misconduct” in the future. Victory fans will also be banned from sitting in the “active” section behind the goal at home games and barred from away games for the rest of the season. FA boss James Johnson called the punishment a “necessary step” to protect the “sacred” field of play. The match will be replayed in April from the 22-minute mark, and Melbourne City’s 1-0 lead remains in place.


The key to securing a bestseller…

…is getting your book to go viral on TikTok if Neilsen BookScan’s top titles of 2022 are anything to go by. Top of the list is American romance author Colleen Hoover’s 2016 novel It Ends With Us*, which sold more than 216,000 copies in Oz last year after getting picked up by #BookTok, a subcommunity of bookworms on the popular video app. Hoover’s huge Gen Z fanbase saw her take out 4 of Neilsen’s top 10 titles. In the #2 spot was another TikTok favourite boosted by a film adaptation – Delia Owens’ Where the Crawdads Sing*. And there was some Aussie representation with finance guru Scott Pape’s Barefoot Kids* in #3, followed by Nagi Maehashi aka RecipeTinEats’ new cookbook* (#4), and Jane Harper’s latest mystery offering Exiles* (#5). It was a more US-heavy list than in 2021, and some Aussie publishers are concerned that TikTok’s US-dominated algorithm could see that trend continue. At least the yoof are still reading…  

*Buy using this link, and The Squiz may earn a little commission. 

Business & Finance Entertainment

All eyes on the Golden Globes… for the wrong reasons

If you need some glamour, today’s 80th Golden Globes ceremony could be just the ticket – but for the organisers, there’s much more than red-carpet perfection at stake… In recent years, the awards have been plagued by scandal and controversy over a lack of diversity and “ethical lapses”, culminating in it being pulled from broadcast last year as Tom Cruise said he’d give back his 3 trophies. This year, Aussies nominated include Cate Blanchett, Margot Robbie, Hugh Jackman, Baz Luhrmann and Elizabeth Debicki. Whether they’ll show up remains to be seen, with Jackman the only one from that pack to publicly celebrate his nomination… A lack of big-name attendees could be totes awks for the presenters, including Jamie Lee Curtis, Ana de Armas and Quentin Tarantino. You can catch the event live on Stan from 11am AEDT this morning. Meet you back here tomorrow for a Squiz at a red carpet gallery…


Apropos of Nothing

High prices saw many forego cherries at Christmas, but growers say the season’s delayed harvest has produced some of the biggest and juiciest cherries they’ve ever seen. Good things come to those who wait…

Noma – the Copenhagen culinary wonder/3-time world’s best restaurant winner – has announced it will shut its doors at the end of 2024 and begin “a new chapter”… as a “food laboratory”. Already famous for its Nordic-inspired dishes like edible pinecones and ragout of reindeer, who knows what they’ll dream up in the lab…

A New York man has claimed the Guinness World Record for the most number of fine dining establishments dined at in a day, visiting an incredible 18 Michelin-starred restaurants. At least the small serving sizes mean he probably had room to spare – mind the heartburn…

Quirky News

Squiz the Day

From 11.00am (AEDT) – Get red carpet ready for the Golden Globe Awards – broadcast on Stan

ABS Data Release – Monthly Consumer Price Index indicator November; Job Vacancies, November; Retail Trade, November

International Parity at Work Day

International Thank You Day

Screen Actors Guild Award nominations announced

Birthdays for horse fan Daryl Braithwaite (1949) and singer/swimmer Cody Simpson (1997)

Anniversary of:
• the US Surgeon General Dr Luther Terry publishing a landmark report saying smoking caused lung cancer (1964)
• the death of New Zealand mountaineer Sir Edmund Hillary (2004)
• author JK Rowling completing the final Harry Potter book in an Edinburgh hotel room (2007)

Squiz the Day

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