Still on the subject of Australia, two contrasting stories. Firstly:
In the May  budget, the Australian government forecast an unemployment rate of 8.25 per cent by mid 2010, rising to 8.5 per cent 12 months later. It was 5.7 per cent in May.
Contrast that with the housing talk-up:
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There’s a little piece up at The Economic Voice [H/T Xxxl, Market Oracle] on Credit Default Swaps.
With the election ever so close, the critical questions are – how many pollies will:
1. Defend their actions and policies with “for the children“, as in Michelle Obama’s answer on The Unholy Jeremiah Wright: “We gotta move forward. You know, this conversation doesn’t help my kids”;
2. Kiss babies;
3. Defend payola, as the Sleazemasters demonstrate;
4. Claim they are not above the law and care deeply for their constituents;
5. Keep their snouts out of the trough long enough to be elected?
Mr. E today: Let us repeat this for emphasis: the Home Office is taking lessons in leadership from Ruby Wax.
There’ s no need for a post. This says it better.
On the surface, the Rio Tinto spy case is just another industrial espionage story, except for two aspects – the ongoing tricky relationship between Rio Tinto Australia and China and the very fact that it is actually Communist China involved.
Australians are well aware that south-east Asian countries don’t muck about when it comes to summary justice and the business sector in both Australia and Canada are well aware of the pitfalls of dealing with China. From that article from May 14th, 2009 [at the end of the link]:
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1.The acronym H.A.L from the book 2001 and 2010 by Arthur C. Clark stands for what?
# Heuristically programmed Algorithmic computer
# Histimine Allergetic Linkage
# Highly Intelligent Artificial Lifeform
# Highly Accurate Laser
2. What is the name of the Philip K. Dick book that the movie “Blade Runner” was based on?
3. How many symbols are on the Stargate?
4. Trance Gemini changed from which colour to which?
5. Who said, “Klaatu barada nikto” … ?
Heuristically programmed Algorithmic computer; Do Androids Dream of Electric Sheep?; thirty-nine: 38 remote constellations, and one for the point of origin; purple to golden; Gort