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CORONANOMICS – the Economics of COVID-19 What have we learnt so far? Corona Virus or COVID-19 is in the Chinese industrial city of the biggest global public health Wuhan (the Chicago of Asia) and has pandemic in just over 100 years – made its way to South Korea, Iran, since the Spanish flu outbreak of Italy and now the rest of the world. 1918 just after the First World War. If trade bought prosperity to all Most of the media interest had been corners of the world then this in the public health aspects of the Corona Virus is taking it all ways crisis but increasingly interest is showing the dark side of an on the economic consequences of interdependent world. And a public the pandemic and often the issues health challenge than none of us involved in fighting wars on both would have experienced before. fronts, become entwined. This virus that started from the wet markets (markets selling wild animals) started 101

It’s a public health crisis first and foremost, but in looking at the economic aspects, what have we learned so far? It’s the end of Globalisation as we know it Globalisation will never be the same. But it’s not an outright rejection but rather a re-set of Globalisation. The difference between this crisis and SARS or even the Global Financial Crisis (GFC) or North Atlantic Financial crisis is that all major economies have been hit almost at once by impact of the Corona Virus and it’s done damage to global supply chains in manufacturing and even more to people- based industries like education and tourism and other services-based exports. There’s been disruption and nations will want to rebuild with a revitalised interest in economic self-sufficiency – especially in medical equipment and technology – and never be reliant on imports in an emergency again. The fact the nation that dominates global supply chains in medical equipment is also the origin of the pandemic is not helping matters. The nation state is back. Despite the talk of supranational governance citizens are looking to their national governments to deal with the crisis. Italians looked to Rome not Brussels – the European Union (EU) has been very low profile, and in China Beijing took control from Wuhan’s city and provincial leaders once the virus started spreading. Borders have been shut – within the EU as well as to the EU and nations as diverse as New Zealand, Singapore, Japan, Norway and Australia were quick to shut their borders. In Australia states have even done it starting with the island state of Tasmania followed by the Northern Territory, South Australia, Western Australia and finally, Queensland. And public ownership of key industries is back on the agenda too. Starting with the airlines we will see partial nationalisation. It’s mooted for the UK, Europe and Asia. And the main carriers in the Middle East are already state owned thanks to the deep pockets of their government owners. And the same for ports and airports. But it may stop at bank nationalisation. But all in all, in Australian terms we are going to be seeing a bit more of the economic flavour of Ben Chifley and a little less Paul Keating. 102 Crush It Magazine

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Whither foreign investment? Fiscal Stimulus – go early go households, go again and again? The days of fully mobile capital are gone. And state-owned enterprises buying During the GFC, Australian Treasury up distressed assets off shore. We have Dr Ken Henry was the mastermind of already seen Australian Treasurer Josh the “go early, go hard, go households” Frydenberg announce sweeping new approach that enabled Australia to changes to Australia’s Foreign Investment avoid recession – one of the few Review Board (FIRB) guidelines that western economies to do so. Now will mean all foreign direct investment the Federal Government is looking at bids will be scrutinised with the several stimulus packages targeting threshold abolished. At first it was households and small business and said this would apply to free trade selected industries adversely affected agreement (FTA) partners but this by Corona Virus like the arts, sports, was clarified to apply to all. Why FTA tourism and aviation (the airlines partners? Clearly the Treasurer was not received a $715 million package). But worried about a flurry of investment this is different to the GFC in that there from Chile or Thailand, it was clearly was no social distancing or lockdown directed at Chinese state-owned in 2008, it was purely an economic enterprises looking to pick up crisis, not a public health plus distressed assets. The media photos economic crisis. Whilst it is important of medical equipment being sent from to bolster the safety net and keep Australia back to China on charter money in the economy a big stimulus flights by Chinese owned companies during lock down when global supply didn’t help perceptions. chains are log jammed may not work. The Federal Government may choose So, what’s the wash up? to wait until a vaccine is found for the virus and then bring in a stimulus Australia has relied in foreign investment to help kick start the recovery. The since Governor Phillip brought convicts Reserve Bank of Australia, for its part, to these shores – but we have been like most of the world’s central banks, a trading nation well before when the have let interest rates fall to almost indigenous people of Arnhem land zero and have bought back bonds to traded sea cucumber with the help put cash on in the economy. fishermen of Makassar – and that will continue. But Australia is going to be careful to spread foreign ownership so it’s not dominated by one country, it is going to be careful about strategic assets and geo-political risk (no more Port of Darwin sales) and generally more watchful in this space. 104 Crush It Magazine

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Labour pains - Will a wage subsidy do has vast economic implications and the trick? may even change how we work in the post Corona economy. Will we find In a welcome move the Federal we can work at home, without staff Government has brought in a wage meetings (thank goodness) will the subsidy, that allows workers to remain reductions in traffic congestion and on the books (even if sent home) and carbon emissions give us some guide eases the burden on employers by to what may work in a future picking up part of the tab in terms of environment? This may provide a payroll. Countries like Denmark have controlled experiment to how human implemented this with some success beings adapt to change when we have and it’s on the cards in the UK as well. to (and we may even surprise ourselves This helps ease anxiety in the labour on the upside). market and keeps workers attached to their employer without bankrupting the No more bread and circuses – company. It also helps in recovery as Footynomics and the Arts end of the the employer just puts the worker back world on and we avoid transactions costs of firing and re-hiring. Will it do everything? The Tyranny of Social Distance has Well it can’t but it is a necessary but not adversely affected anything involving sufficient policy in dealing with corona crowds from our favourite sports to the virus. The constructive role played by arts and culture and even religion. It has the Trade Unions and the Minister for revealed the economic value of sport Industrial Relations has been a positive too as the AFL and NRL, Australia’s to come out of the crisis. two major football codes in terms of commercial value were very reluctant The Tyranny of Social Distance to postpone their respective seasons and it took a while for Japan to give Australia’s great economic historian in to the inevitable and move the Geoffrey Blainey wrote ‘The Tyranny of Tokyo Olympics to 2021. All sports Distance’ to describe Australia’s place and arts institutions will be very in the world as well as the vast distances different post Corona, and the within our shores as well as beyond our rediscovery of outdoor pursuits (even shores. Now, half a century on, we have simple ones like playing with your kids ‘The Tyranny of Social Distance’ which in a city park) could transform sports prevents people from being in crowds and recreation after the crisis. and increasingly in smaller and smaller groups. This may be temporary but it 107

The post Corona economy – the financial system and a higher education Post War reconstruction of the 21st system (the expansion of the universities) century and research programme (via the CSIRO). It could well be that whilst During World War Two, in Australia, the nation and the world brings in the Curtin Chifley Labor Government temporary measures to deal with was fighting a war in the Pacific and Corona Virus, this could also be an possible invasion whilst setting up the opportunity to remake ourselves, nation for a post war world of industrial develop new industries and new ways development, full employment and of working and dealing with work, mass immigration. This was known education and family life. as Post War Reconstruction, one of the biggest social and economic The global economy will never be the programmes the nation has undergone same again after Corona Virus and we in its history. The changes in the war might also find that neither will that economy, with Women working in nation and the way we deal with work, munitions factories and the like, made with enterprise, with play, with family the planners think this could work in and how we deal with the natural the peace, along with the need for a environment. larger population and a banking and 108 Crush It Magazine

*Tim Harcourt is the J. W. Neville Fellow in Economics at UNSW Business School, UNSW Sydney and host of The Airport Economist www.theairporteconomist.com and The Airport Economist Podcast LISTEN HERE facebook.com/theairporteconomist/ instagram.com/airporteconomist/ www.theairporteconomist.com 109

SKILLS FOR YOUR CAREER LORETTA SPATOCCO As an avid advocate for career fulfilment, Loretta has developed a reputation in the industry for aligning people with careers that are meaningful to them. She is on a mission to help purpose-driven professionals reconnect with their passion and gain the confidence to create a fulfilling career. WHY IS SHE ON A MISSION? Following 15 years pursuing a passion-seeking journey and securing meaningful roles, Loretta also experienced setbacks and unpredictable turns that a career journey can take you on. As a result, she has developed a unique skill set and resilience to overcome difficult times by responding and adapting positively to change. Now she can help others who have experienced similar situations she has by supporting them with their next career move. Loretta believes when purpose-driven professionals are living out their purpose they will be truly connected and joyful, spreading more love in the world and uplifting others. 110 Crush It Magazine

HOW MY BACKGROUND CAN SUPPORT YOU? A sought after resume writer with 15 Loretta has now built a thriving career years’ experience writing professional development business known as Skills resumes and transitioning job seekers For Your Career serving clients by helping into the workforce through the delivery them reconnect with their passion and of government programs combined true self helping hundreds unemployed with my knowledge and background job seekers and mothers return to work, in recruitment. As a result of my extensive professionals changing careers, or experience, I understandwhat employers professionals wanting higher-level roles, want and how important it is to gain employment in a range of sectors. market your professional self forward We encourage self-exploration and to potential employers. I have helped investing in yourself so that you can many individuals uncover their unique become who you truly are and achieve strengths and personal brand feeling your career goals that are meaningful to more confident in who they are and you. their abilities so that they can use this renewed insight to accelerate their WHAT ARE CLIENTS SAYING... job search. \"My goal is to make you feel more \"I cannot recommend Loretta Spatocco empowered to market yourself to enough! Her service is truly a genuine potential employers with an one, she has invaluable skills and her authentic self-confidence in yourself willingness to go the extra mile to and your capabilities. “With a assist is amazing. I want to express my conscious belief in your abilities gratitude for your time, consideration and a transformed level of and powerful support you've given enthusiasm, you will have a spark me throughout the whole process.\" that no employer can resist\" - Melissa C. – Loretta Spatocco, Owner Skills For Your Career 111

3 Tips TO EMPOWER YOURSELF DURING THE JOB SEARCH AND CREATE OPPORTUNITIES. Photo by Priscilla Du Prez 112 Crush It Magazine

With the global pandemic, the Now I can help others navigate this way we live has had a major uncertain time. shake-up and we are all adapting to enforced change on every level. It Nine times out of ten by knowing how to reminds me of the enforced change I start the job search with the right authentic experienced during my career. The most energy, mindset, effort and heart attached recent redundancy was in 2015 and at to your job search will enable the process the time, I was five weeks pregnant. of attracting roles and employers which are in alignment with you. I was shocked. But I didn’t panic. If you haven’t seen results from your Why? Because what got me through job search prior to Covid-19, it may mean other job losses was adapting and that you could use this quarantine time responding to change positively, maintaining to reflect, change your focus, make new optimism, gratitude, hope and trusting decisions and up-level your approach and my intuition that my next role will reveal your mindset towards the job search. itself. At 6 months pregnant, I became a professional Resume Writer. This position I’ve compiled a list of tips to help perfectly aligned with my strengths, empower you on your journey and create passion, values and my new role of an aligned job search. becoming a mum. I learnt to trust the process. The unique skills, resiliency and positivity I used to overcome difficult times, comes as a result of the responding to the unpredictable turns that a career journey can take you on. It brought out major strengths and willpower to become a stronger version of myself. 113

TIP #1: SHIFT INTO AN OPTIMIST MINDSET If your mindset toward the job search Photo by Andrea Piacquadio and writing a resume is stuck in a negative or disempowering state, we first, need to shift this mental attitude into expecting the best possible outcome from your job search efforts. 114 Crush It Magazine

DO YOU KNOW WHERE YOUR MINDSET \"You are a beautiful IS AS YOU BEGIN THE JOB SEARCH? passionate being, so make sure you direct your passion wisely.\" - Lessons from The Secret Let's say you're talking to a friend and you share with them how \"horrible\" the job search is. You are putting the focus on how it If this sounds like you then right now you'll is making you feel in a disempowering way. be aware that your mindset is negative. But what if you were to reframe your thinking This can make the job search much more to saying it like this... \"I'm learning so much challenging and slow your success right about myself during the job search.” “I feel down. like every interview is an opportunity to practice my interview skills”. “I’m actually Instead of thinking that the job search is feeling more prepared for when the right frustrating and hard reset your mind to role comes.” thinking that it is exciting, inspiring and empowering. I know that may sound hard Can you feel the difference? at the moment but once you start to feel We don’t realise how much passion we more confident in yourself, excited about put into what we don’t want when we use pursuing the role that lights you up, you’ll negative words. By shifting your energy into see how positive words will start to serve a more positive light, you’re able to turn the you better. challenges of the job search into a learning opportunity, maintain a positive attitude and confidently stay in the driver’s seat of your career journey. 115

TIP #2: GET CLEAR ON WHAT ROLE YOU WANT Knowing what role you want to pursue is “There is no greater gift you where your effort needs to be focused first. can give or receive than to Why? Because then you can create a targeted honor your calling. It’s why and effective resume that matches your you were born. And how you experience and strengths aligning them the become most truly alive.” role, industry and company. Working with hundreds of passionate professionals, this ~ Oprah Winfrey technique increased the chance of interview success. So knowing what role you want to pursue is crucial when creating an aligned job search. What will become a turning point is knowing how achieving this role will IMPACT your current situation. 116 Crush It Magazine

Try this exercise to gain clarity on your next move: 1. What role will mean more to I can support my family financially. you than any other role? I will have the opportunity to spend time with my children 2. Where do you want to work? during school holidays. More significantly, I can continue to 3. How will working at XYZ empower students to reach change your situation? their maximum potential, be a positive role model for my With step 3, the power lies in how daughter and show her to never achieving this role will impact your give up on her career dreams. situation. When the setbacks make you feel disheartened, remember your why and this will fuel your motivation to keep going. 3. How will working at XYZ change your situation? 117

\"The best way to TIP #3: predict the future LAY THE FOUNDATION FOR is to create it.\" CREATING AN ALIGNED JOB SEARCH ~Abraham Lincoln Even if you don’t’ know what role you want to pursue, being clear about your core values and why they motivate you can support your approach to seeking employment or a role that is meaningful to you. Your value system is unique to you and every time you embark on the job search throughout your career journey this system gets activated again. Therefore, by realigning your personal and work-related values with your next career move this is how you can step into momentum and bring career fulfillment. 118 Crush It Magazine

VALUES THAT MOTIVATE AND MAKE YOU FEEL FULFILLED: - Making a difference in society - Giving back to the community - Helping and offering support and guidance - Expressing work/ideas through creativity THE VALUES THAT ARE RELATED TO THE WORK ENVIRONMENT OR CAREER PATH INCLUDE: - Feeling challenged - Collaborating with other team members - Comfortable income or a higher salary - Recognition for achievements - Job security - Further training and support - Promotion If you need further inspiration on a few LET’S DIVE INTO IDENTIFYING more values, search stevepavlina.com YOUR VALUES! and you’ll notice a list of 400 values that will help you develop a clearer sense of 1. List 20 of your work-related values values that are important to you. and core values in your notebook. Once you have analysed these values Identifying these prior to choosing a by using the link to build your list, the career or whether to accept a job offer next step is to prioritise your top 10 is important. It can play a crucial part in and record them in your notebook. ensuring that we feel aligned with the opportunity or next move. Photo by Jeremy Bishop 119

Photo by Chris Barbalis FINAL INSPIRED THOUGHTS Though the current job market is discouraging at the moment, moving ahead with a positive outlook is vital. I want you to know opportunities can arise out of difficult times even when you never thought it was possible. As the market shifts, the best strategy to start on now is preparation. This includes mindset, enhancing your self-awareness, gaining clarity on your next move and preparing your professional career documents. When you are ready, commit to the process and don’t Loretta Spatocco give up on what is important to you. Learn to enjoy the job search and career journey. It truly is the best CWCDaarrrerieteaeeemrrr.AaCFnlioadgruneOnmedwreentnroetorLCfoioftfehaSecmkhBio,llrvRsieneFmgsouYermonYutoe.rur self-development activity you can ever do. Don’t let the journey affect your self-worth. If you know you’re putting in 100% effort into your job search, there is a demand for the work that you’re passionate about then trust the process and know your hard work will create opportunities. I hope to empower you to pursue your dream role and remind you to never give up, believe in yourself and keep going on your purposeful journey. 120 Crush It Magazine

Photo by Jude beck Photo by Doran Erickson Feeling moved to give back, and support the community, Skills For Your Career is hosting a Two-part training series. The first part is FREE offering support with the job search, career clarity and building self-awareness via an online Facebook Workshop. It is designed to inspire, empower and support each other through this challenging time. Learn more and sign up here: https://skillsforyourcareer.com/ sign-up-for-the-bring-your-career-to-life-movement/ W: https://skillsforyourcareer.com/ FB: #coursesresumesandworkshops Insta: @skillsforyourcareer 121

HOW THIGH GAPS CHANGED MY THINKING ANITA VAN ROOYEN For some, thigh gaps are the There’s a clear correlation between epitome of beauty and sacrifice… their thigh gap and their self-worth. Unfortunately, many of these The smaller the thigh gap the bigger people also measure their self-worth the anxiety levels. The law of inverse by it… proportions. No gap = no self-worth, leading to And it got me thinking about the self-loathing, intense shame and rest of us. The ones that perhaps internal hatred. aren’t driven by a thigh gap. The ones that are driven by something else Small gap = small self-worth and altogether.. and for everyone that will thoughts of “if only, then they’d” (if be something very different. only I exercised more/ate less then they’d hire me/love me more) So, does the law of inverse proportions still apply to us? In this thinking, a thigh big gap means the better person I am, the more beautiful, the more desirable. 122 Crush It Magazine

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thigh gapALL OF US HAVE OUR OWN PERSONAL . Our personal thigh gap is that space live up to, including them. And so as between what you want… and what the gap between their perfectionist you have, or what you think you can ideals and the reality of life expands, have, your expectations. so does their anxiety level. After coaching thousands of people, But that didn’t fit with my law of and asking them about their personal inverse proportions theory… thigh gap, patterns start to emerge. Until, I realised that what ‘real’ And what I’ve noticed is this… The thigh-gappers wanted wasn’t really bigger our personal thigh gap, the the gap, it was what they believed bigger and higher our anxiety levels. the gap gave to them – love, Take the woman that feels stuck acceptance, value. All the things that in a loveless marriage that knows we ALL want, but they felt they could deep down that this isn’t how life is only have with the attainment of the supposed to be. High expectations elusive thigh gap. + low reality = big gap = big anxiety. When their ‘personal thigh gap’ Compare that to the woman who between what they want (healthy feels comfortable in who she is, self-worth and to be loved) and loves the man she’s with, deals openly what they feel their actually worth is with challenges as they arise, and (which is driven by the size of their feels safe. Low expectations + high actual thigh gap), is big so is anxiety. reality = small gap = low anxiety. For all of us, a big personal thigh gap Or the boss that demands perfection drive can unresourceful behaviours of themself and everyone around like eating disorders, cheating, them 100% of the time. Impossibly withdrawal and rage. high expectations that no one can 124 Crush It Magazine

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The woman in the loveless marriage isn’t stuck.. She has options. Maybe her expectations of what a fulfilling marriage is are based on Disney movies or Mills and Boon romance novels and need to be adjusted, or maybe she needs to up her own levels of personal happiness and significance first so that she can be more open to re-creating connection and love. Whichever way you chose to reduce your personal thigh gap (and therefore your anxiety levels) is up to you, but it comes from changing either your expectations or changing your current life position, and you get to choose. For me, I’m happiest when my thighs are rubbing together, with the gentlest of caresses. 126 Crush It Magazine

Anita van Rooyen is a confidence coach and human behaviour expert who helps people to build lasting confidence, using tools that truly work, so that they can make better decisions for themselves about their job, happiness, contentment and even life itself. www.anitavanrooyen.com www.instagram.com/confidencehackers www.facebook.com/groups/Confidence- Hackers 127

WHY YOU SHOULD SEEK DISCOMFORT AND HOW TO DO IT MOLLY TAYLOR Fear. Every human has a fear. You’re not the only one. It ranges from having a fear of spiders, to heights or even failure. However, what if I told you that by immersing yourself in fear, seeking the discomfort in life rather than the comfortable could change your life forever? Grow yourself as a person? Allow you to achieve what you think is impossible. 128 Crush It Magazine

Stepping outside of my comfort time that you felt uncomfortable, zone changed my life. Though it has how did it make you feel? Nervous? been difficult, caused anxiety, made Scared? Well, why not change our me sweat buckets (which I must perspective and think of how we admit isn’t the prettiest of sights) changed after the event… we became and even feel my heart thumping stronger, bolder, braver than ever out of my chest, it has all been worth before - though it is overwhelming it. Why? Because without seeking the after effects are fantastic, it discomfort, I wouldn’t have skydived, gives you a sense of power and moved to a country alone, or confidence. Everyone deserves even learnt how to speak French a confidence boost in life, to feel or submit this article. Think of a worthy and empowered. 129

By living in the comfort zone, it is presenting a new idea in your mind, is only limiting you, when you as a which is YOU becoming aware. The human are limitless. The only way second step is now to take action, you’ll ever be able to become more by this I mean to write everything than who you are is by experiencing down on a to-do list, even if it’s what is outside of you. If you live in unrelated to this fear or outside your comfort zone, you’ll settle. It your comfort zone. By tackling the will be much harder to do the ‘leap small things first will allow you to of faith’, jump into the deep end. As progress to the much bigger tasks an infant, little did you know that you which require more energy from you. have already been living between your comfort zone and outside of it, Remember to not overwhelm yourself, remember trying to ride a bicycle for and take one step at a time, for one the first time? Learning how to swim? step is better than no steps at all. Or trying to make new friends? It may This will then build your confidence, seem that your comfort zone holds a so that when you’re presented with lot of power over you, but with some an activity or concept outside of your perseverance, and patience you can comfort zone it will be much easier. begin to develop the habit of getting With time you will be able to make out of it. stepping out of your comfort zone a habit… so what is your fear? How The first step towards change, is are you going to conquer it? becoming aware. Reading this article Insta: @molrosetay 130 Crush It Magazine

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INTRODUCTION As the sunrises the world silently Inspiring leaders, great achievers, awaits for the birth of a new day world-class athletes, and spiritual that is filled with limitless possibilities. seekers know how to utilise the power of This sacred time is one of the best-kept the sunrise. Whether practicing for secrets by those who know how to a public performance, maintaining harness its power, yet it is available to athletic stamina, or meditating upon us all. During this otherworldly time the world peace, their ability to harness this opportunity to manifest your deepest power sets them apart. Ancient traditions desires is at it’s highest. Your life is like speak of honouring and revering the a vast canvas stretched across the life-giving powers of the sun, as she Universe, silently waiting for you to paint breathes life into our world each and that first rainbow-coloured brushstroke. every morning. You are the artist of your life’s story. What will you paint? PURCHASE BOOK / EBOOK HERE 133

I wrote Sunrise Rituals for Empowered Women after a life-changing event that rocked my world. It was like I’d lost my life’s compass and with it my sense of purpose and meaning. Committed to turning my life around I had to find a way to reconnect with myself, and my life’s purpose. I already had a daily meditation and yoga practice to which I added the practical elements that I share with you in this book. I developed a customised daily journal and planner to help me structure my day, prioritise my activities, and stay focused. With dogged determination I would practice the Sunrise Rituals each day, even on the days I would rather have stayed curled up in bed. 134 Crush It Magazine

After about a month something Through this process I realised that I did changed. I began to feel more have choices about how I thought, felt, energised and excited about my future. acted, and my state of being, in each and I felt a deeper sense of connection with every moment. I had a choice about how myself that had been missing for some I perceived myself as a woman. I had the time. My enthusiasm, and motivation choice to love, value and honour myself just increased so that I achieved more in my as I am. I recognised that I had the ability day. I became more focused and discerning to choose life-giving ways to nurture and about my daily priorities, and found that I nourish my mind, body, and spirit. My was pulled away much less by distractions. daily habits would either assist or stop I treasured my morning ‘Me-time’ where I me from achieving my life vision, plans, could nourish my body and spirit, as well as and goals. As I began to experience more lay out a practical plan for my day. By positive changes in my life I felt confident, consistently practicing the Sunrise Rituals motivated, enthusiastic, and empowered. they became a habit, and a natural part of my morning routine. As a result of my commitment I developed an inspiring, crystal clear life vision, and a roadmap to achieve it. PURCHASE BOOK / EBOOK HERE 135