105 research outputs found

    British Imperialism and the Making of Colonial Currency Systems

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    Covering the colonial Empire (including The West Indies, India, Singapore, West Africa and East Africa), this book is a detailed revisionist history of the British imperial manipulations of colonial currency systems to facilitate the rise of sterling to world supremacy via the gold standard, and to slow its eventual decline after World War I. Official internal correspondence is used to show that Britain typically acted against the advice of colonial commmercial interests, colonial governments, and even officials in the Colonial Office, in order to replace international currencies (including gold and sterling itself), with localised silver currencies. The local currencies were backed by gold and sterling reserves in London, under the total control of the British Treasury and the Bank of England. In the process liquidity was provided to the London money market, and cheap finance to the British Government. This book provides a new perspective on theories of imperialism, colonial money and colonial underdevelopment, with possible geostrategic historical lessons for the US dollar and emerging global currencies such as the Chinese renminbi and the euro

    Forecasting the extreme rainfall, low temperatures, and strong winds associated with the northern Queensland floods of February 2019

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    From late January to early February 2019, a quasi-stationary monsoon depression situated over northeast Australia caused devastating floods, killing an estimated 625,000 head of cattle in northwest Queensland, and inundating over 3 000 homes in the coastal city of Townsville. The monsoon depression lasted ~10 days, driving daily rainfall accumulations exceeding 200 mm/day, maximum temperatures 8–10 °C below normal, and wind gusts above 70 km/h. In this study, the atmospheric conditions during the event and its predictability on the weekly to subseasonal range are investigated. Results show that during the event, the tropical convective signal of the Madden-Julian Oscillation was over the western Pacific, and likely contributed to the heavy rainfall, however the El Niño-Southern Oscillation was not in the usual phase for increased rainfall over Queensland. Over the northern Tasman Sea, an anticyclone helped maintain a positive phase of the Southern Annular Mode and promote onshore easterly flow. Somewhat consistent with these climate drivers, the monthly rainfall outlook for February issued by the Australian Bureau of Meteorology on 31 January provided no indication of the event, yet forecasts, not available to the public, of weekly-averaged conditions by the Bureau's dynamical subseasonal-to-seasonal (S2S) prediction system were more successful. For the week of 31 January to 6 February the prediction system forecast a more than doubling of the probability of extreme (highest quintile) weekly rainfall a week prior to the event, along with increased probabilities of extremely low (lowest quintile) maximum temperatures and extreme (highest quintile) wind speeds. Ensemble-mean weekly rainfall amounts, however, were considerably underestimated by the prediction system, even in forecasts initialised at the start of the peak flooding week, consistent with other state-of-the-art dynamical S2S prediction systems. Despite this, one of the individual ensemble members of the Bureau's prediction system did manage to forecast close to 85% of the magnitude of the rainfall across the most heavily impacted region of northwest Queensland a week before the event. Predicting this exceptional event beyond two weeks appears beyond our current capability despite the dynamical system forecasts showing good skill in forecasting the broad-scale atmospheric conditions north of Australia a week prior

    Effect of ten-valent pneumococcal conjugate vaccine introduction on pneumococcal carriage in Fiji: results from four annual cross-sectional carriage surveys.

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    BACKGROUND: The indirect effects of pneumococcal conjugate vaccines (PCVs) are mediated through reductions in carriage of vaccine serotypes. Data on PCVs in Asia and the Pacific are scarce. Fiji introduced the ten-valent PCV (PCV10) in 2012, with a schedule consisting of three priming doses at 6, 10, and 14 weeks of age and no booster dose (3 + 0 schedule) without catch-up. We investigated the effects of PCV10 introduction using cross-sectional nasopharyngeal carriage surveys. METHODS: We did four annual carriage surveys (one pre-PCV10 and three post-PCV10) in the greater Suva area in Fiji, during 2012-15, of 5-8-week-old infants, 12-23-month-old children, 2-6-year-old children, and their caregivers (total of 8109 participants). Eligible participants were of appropriate age, had axillary temperature lower than 37°C, and had lived in the community for at least 3 consecutive months. We used purposive quota sampling to ensure a proper representation of the Fiji population. Pneumococci were detected by real-time quantitative PCR, and molecular serotyping was done with microarray. FINDINGS: 3 years after PCV10 introduction, vaccine-serotype carriage prevalence declined, with adjusted prevalences (2015 vs 2012) of 0·56 (95% CI 0·34-0·93) in 5-8-week-old infants, 0·34 (0·23-0·49) in 12-23-month-olds, 0·47 (0·34-0·66) in 2-6-year-olds, and 0·43 (0·13-1·42) in caregivers. Reductions in PCV10 serotype carriage were evident in both main ethnic groups in Fiji; however, carriage of non-PCV10 serotypes increased in Indigenous Fijian infants and children. Density of PCV10 serotypes and non-PCV10 serotypes was lower in PCV10-vaccinated children aged 12-23 months than in PCV10-unvaccinated children of the same age group (PCV10 serotypes -0·56 [95% CI -0·98 to -0·15], p=0·0077; non-PCV10 serotypes -0·29 [-0·57 to -0·02], p=0·0334). INTERPRETATION: Direct and indirect effects on pneumococcal carriage post-PCV10 are likely to result in reductions in pneumococcal disease, including in infants too young to be vaccinated. Serotype replacement in carriage in Fijian children, particularly Indigenous children, warrants further monitoring. Observed changes in pneumococcal density might be temporal rather than vaccine related. FUNDING: Department of Foreign Affairs and Trade of the Australian Government through the Fiji Health Sector Support Program; Victorian Government's Operational Infrastructure Support Program; Bill & Melinda Gates Foundation
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