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Australia's economy needs big investment in innovation, experts say
 
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When Malcolm Turnbull took over as Prime Minister he promised that, with the mining boom over, innovation would be the key to unlocking jobs and growth. But, two-and-a-half years later, those responsible for commercialising new ideas say Australia is being left behind with sustained cuts to higher education and low business investment in research and development. One of the Government's own advisers says Australia is comparable to third world economies reliant on old industries like banking and mining, against countries like the US where the top companies are all high-tech. Chief economics correspondent Emma Alberici reports. For more from ABC News, click here: http://www.abc.net.au/news/ Follow us on Twitter: http://twitter.com/abcnews Like us on Facebook: http://facebook.com/abcnews.au Subscribe to us on YouTube: http://ab.co/1svxLVE Follow us on Instagram: http://instagram.com/abcnews_au
Views: 6921 ABC News (Australia)
Australia GDP beats forecasts
 
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Australia GDP beats forecasts https://www.instaforex.com/
Views: 311 InstaForex
Australia's Surging Economy Due To Mining Boom - Growing Faster Than The Rest Of The World
 
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Some call it the miracle economy. Once again Australia has managed to prove forecasters and sceptics wrong. Construction for the mining boom has helped the economy grow in the first quarter of the year at a rate nearly twice as strong as most had suspected. ABC News, Queensland 06 June 2012
Views: 1061 Jason Active
Australia is facing financial MELTDOWN
 
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Five charts that show why Australia is facing financial MELTDOWN UNEMPLOYMENT in Australia is rising and economic growth is slowing with experts fearing the country is about to go through a significant downturn. Resource-rich Australia has benefited hugely from the exponential growth in China's economy in recent years, by supplying the raw materials that has powered the Asian boom. In line with the rise in supplying China, Australia switched from an economy making its own goods to one that digs materials out of the ground. Mining as a percentage of Australian GDP has jumped to 8.6 per cent, while manufacturing has steadily dropped. But now the colossal Chinese economy is slowing down and, as Australia's top export destination, the abating is expected to have a big impact.
Views: 1158 Real Thing TV
Australian Economy Boosted By Annual Growth Rate of 4%
 
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The Australian economy is defying doom and gloom forecasts with its best performance since the GFC. Our annual growth rate surged to more than 4%. 06 June 2012 Ten News, Queensland
Views: 64 Jason Active
Floods worse on GDP than anticipated
 
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GDP figures set to be released tomorrow are expected to show a plunge in Australian exports due to natural disasters is worse than first thought.
WA leads 3-speed economy
 
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The latest State of the States report suggests Australia now has a three-speed economy, with the mining sector pushing Western Australia into a league of its own.
Westpac Economic Update: Senior Economist, Elliot Clarke (28 August 2015)
 
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Westpac Senior Economist, Elliot Clarke, comments on the Westpac MNI China consumer sentiment and it's impact on the global economy. Next week's focus will be on the Australian GDP and upcoming RBA Meeting.
Views: 290 Westpac Banking
Unlocking the Potential of Northern Australia–Dr Peter Stone–CSIRO
 
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Dr Peter Stone of CSIRO on Unlocking the potential of Northern Australia at 2016 IWA World Water Congress and Exhibition, Brisbane, Australia. Dr. Peter Stone (http://people.csiro.au/S/P/Peter-Stone) is a Research Program Director at CSIRO, and leads CSIRO’s work on the development of Northern Australia. His presentation describes the work that CSIRO is currently undertaking to support increased development, particularly in the area of irrigated agriculture, in Northern Australia. Northern Australia covers an extensive land area, equivalent to approximately five times the size of France. 1.3 million people live in this area, and the GDP per capita is the highest in the world, thanks to the thriving mining and cattle industries. In Northern Australia, CSIRO has identified 16 million hectares of suitable irrigable soil, and there is enough water (after evaporation, which accounts for 90% of water loss following rainfall) to irrigate 1.5 million hectares. CSIRO has identified both where and how to irrigate following the identification of key drivers and impediments. CSIRO is now working to address the following key issues in order to develop a plan to fully realise the benefits for Northern Australia: land tenure, water resource plans, farm systems, profitability, and supply chains. CSIRO’s approach looks at the interlocking biophysical, regulatory, social, and financial considerations in order to reduce risks and improve opportunities for irrigated agriculture throughout Northern Australia.
Australian mining boom masked slide in annual wage growth, economists say
 
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Economists say the Australian mining boom has masked a deterioration in wage growth that threatens Australia's economy. Source: http://www.abc.net.au/news/2015-08-13/mining-boom-masks-deterioration-in-wage-growth-economists-say/6696156
Views: 40 John Burns
How will the third phase of the mining boom affect the Australian dollar?
 
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Our Weekly updates with Sky News Business Australia - a review of key issues, opportunities and actions for Australian business importing, exporting or trading with Asia.
Views: 151 ANZ Australia
Explained: Australia's current economic position
 
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There are differing assessments of how good or bad Australia's fiscal position is - depending on who you ask. ABC News' Jeremy Fernandez investigates. Read more: http://ab.co/1md1a4F http://abc.net.au/news http://twitter.com/abcnews http://youtube.com/newsonabc http://facebook.com/abcnews.au http://instagram.com/abcnews_au
Views: 35902 ABC News (Australia)
Economy Of Australia
 
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The '''economy of Australia''' is developed and one of the largest mixed market economies in the world, with a G D P of A U D $1.69 trillion as of 2017. Australia is the second wealthiest nation in terms of wealth per adult, after Switzerland. Australia's total wealth was A U D $8.9 trillion as of June 2016. In 2016, Australia was the 14th largest national economy by nominal G D P, 20th largest by P P P -adjusted G D P, and was the 25th-largest goods exporter and 20th-largest goods importer. Australia took the record for the longest run of uninterrupted G D P growth in the developed world with the March 2017 financial quarter, the 103rd quarter and 26 years since Australia had a technical recession ( two consecutive quarters of negative growth ) . The Australian economy is dominated by its service sector, comprising 61.1% of the G D P and employing 79.2% of the labour force in 2016. East Asia ( including A S E A N and other Northeast Asia countries ) is a top export destination, accounting for about 64% of exports in 2016. Australia has the eighth highest total estimated value of natural resources, valued at US$19.9 trillion in 2016. At the height of the mining boom in 2009-10, the total value-added of the mining industry was 8.4% of G D P . Despite the recent decline in the mining sector, the Australian economy has remained resilient and stable and has not experienced a recession since July 1991. The Australian Securities Exchange in Sydney is the 16th largest stock exchange in the world in terms of domestic market capitalisation and has the largest interest rate derivatives market in Asia. Some of Australia's large companies include but are not limited to: Wesfarmers, Woolworths, Rio Tinto Group, B H P Billiton, Commonwealth Bank, National Australia Bank, Westpac, A N Z, Telstra and Caltex Australia. The currency of Australia and its territories is the Australian dollar which it shares with several Pacific nation states. Australia is a member of the A P E C, G20, O E C D and W T O . The country has also entered into free trade agreements with A S E A N, Canada, Chile, China, Korea, Malaysia, New Zealand, Japan, Singapore, Thailand and the United States. The A N Z C E R T A agreement with New Zealand has greatly increased integration with the economy of New Zealand and in 2011 there was a plan to form an Australasian Single Economic Market by 2015. All text, either derivative works from Wikipedia Articles or original content shared here, is licensed under: Creative Commons Attribution-ShareAlike 3.0 Unported License A full list of the authors of the original content can be found in the following subdomain of wikipedia, here: https://en.wikipedia.org/wiki/Economy_of_Australia (Economics: Modern State Economies)
Views: 173 FrogCast
G10/P3: World Geography- Russia Mining, agriculture, industries
 
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Language: Hindi, Topics Covered: 1. Russia: Brief geographical facts 2. Seas around Russia, important ports of Russia. 3. Crimean peninsula 4. Physical geo of Russia: Urals, Western Siberian plain, Central Siberian plateau 5. Important rivers and lakes of Russia: Don river, River Volga, Ob-Irtysh river, Yenisei river, Lena river 6. Climate of Russia 7. Agriculture in Russia 8. Mineral resources of Russia: Minerals in Urals and Siberia, Coal, Iron ore, Nickel. 9. Energy resources of Russia: petroleum and natural gas. 10. Industrial regions of Russia: Moscow, St. Petersburg, Volga region, Urals, Kuzbas region, Baykal region 11. Trans-Siberian railway and its route. Powerpoint available at http://Mrunal.org/download Exam-Utility: UPSC CSAT, Prelims, Mains, CDS, CAPF Faculty Name: Ms. Rajtanil Solanki Venue: Sardar Patel Institute of Public Administration (SPIPA), Satellite, Ahmedabad, Gujarat,India
Views: 90122 Mrunal Patel
InstaForex News 6 June. Australia's GDP on Increase, Rates On Decrease
 
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InstaForex News 6 June. Australia's GDP on Increase, Rates On Decrease
Views: 30 InstaForex
Economic Growth: United States vs Australia
 
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Tom Eddlem, writer for The New American, gives a contrast between Australia's economy and the United States'. From extensive research, he describes why some economies grow and others don’t due to contributing factors such as national debts, national savings, and GDP. More news at: http://www.thenewamerican.com/ Facebook: http://www.facebook.com/TheNewAmerican Twitter: https://twitter.com/NewAmericanMag
sky news Altura Mining 001
 
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sky news talks about Altura and lituium
Views: 946 60trailblazer
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         Australia records its strongest GDP growth in a year
 
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Australia records its strongest GDP growth in a year - The Kohler Report - ABC News (Australian Broadcasting Corporation) Australia records its strongest GDP growth in a year - The Kohler Report - ABC News (Australian Broadcasting Corporation) Australia records its strongest GDP growth in a year - The Kohler Report - ABC News (Australian Broadcasting Corporation) Video 1:35 Australia records its strongest GDP growth in a year Video 1:35 Australia records its strongest GDP growth in a year Video 1:35 Australia records its strongest GDP growth in a year
Views: 242 PrettyVideos
February 2015 Economic Update with George Tharenou
 
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Australia could experience an increase in domestic spending and consumption due to a dipping dollar and sub-trend economy. The residual benefits of the mining capital expenditure boom and consistently low interest rates have also contributed to this inward economic focus. A “sting in the tail” regarding Asia’s strong economic growth may well be the issue of having to contend with substantial debt levels as per its Western counterparts. While China’s economic slowdown is evident, it is by no means dire. Meanwhile, India is set to ride a wave of economic strength. US markets are in a holding pattern as they wait to see whether the Fed will raise interest rates. On the whole, there are positive signs for growing consumption and employment in the US. While Europe’s economy contends with legacy issues of fiscal tightening and austerity measures, there are signs of improvement and a potential easing of monetary policy In this Q & A interview, UBS’ senior economist George Tharenou discusses his overall expectations for Australia’s economy, the pros and cons of Asia’s economic growth, and the key influences on the US economic environment and Europe’s economic recovery.
Views: 151 Kaplan Professional
Gold mining industry
 
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The mining industry has grown our GDP, employed our population and trained our next generation. The gold industry in Western Australia accounts for 68 per cent of Australia's overall gold production, with Australia being the world's second-largest gold producer. Gold is our third-largest mineral export, and in the 2015-16 financial year our gold exports were valued at some $16 billion, with that number likely to increase again this financial year.
Views: 39 Melissa Price MP
Welcome to Australia- Australia Travel Guide
 
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Some facts about Australia https://www.youtube.com/watch?v=oDagSNXrEFs In land area, Australia is estimated to be 7,692,024 square Kilometers and the sixth largest nation after Russia, Canada, China, the United States of America and Brazil. It has, however, a relatively small population. Australia is the only nation to govern an entire continent and its outlying islands. The mainland is the largest island and the smallest, flattest continent on Earth. It lies between 10° and 39° South latitude. The highest point on the mainland, Mount Kosciuszko, is only 2,228 metres. Australia is the driest inhabited continent on earth. Its interior has one of the lowest rainfalls in the world and about three-quarters of the land is arid or semi-arid. Its fertile areas are well-watered, however, and these are used very effectively to help feed the world. Sheep and cattle graze in dry country, but care must be taken with the soil. Some grazing land became desert when the long cycles that influence rainfall in Australia turned to drought. The Australian federation consists of six States and two Territories. Most inland borders follow lines of longitude and latitude. The largest State, Western Australia, is about the same size as Western Europe. Economy Australia has a developed modern market economy and has had one of the most outstanding economies of the world in recent years with high-growth, low-inflation and low interest rates. Over the past decade, inflation has typically been 2–3% and the base interest rate 5–6%. There is an efficient government sector, a flexible labour market and a very competitive business sector. Since 1992 Australia has averaged greater than 3 per cent economic growth and recorded over 17 consecutive years. This economic stability places Australia in the top echelon of developed countries in terms of sustained rates of growth. The Australian economy is dominated by its service sector, representing 68% of Australian GDP. The agricultural and mining sectors account for 57% of the nation’s exports. With its abundant physical resources, Australia has enjoyed a high standard of living since the nineteenth century. Australia is a major exporter of agricultural products, particularly wheat and wool, minerals such as iron-ore and gold, and energy in the forms of liquified natural gas and coal. It has made a comparatively large investment in social infrastructure, including education, training, health and transport. According to the Reserve Bank of Australia, Australian per capita GDP growth is higher than that of New Zealand, US, Canada and The Netherlands. The past performance of the Australian economy has been heavily influenced by US, Japanese and Chinese economic growth. Immigration Australia’s culturally diverse society includes its Indigenous peoples who arrived more than 50,000 years ago, and settlers from countries all around the world. Immigration is an important feature of Australian society. Since 1945, over six million people from 200 countries have come to Australia as new settlers. Migrants have made a major contribution to shaping modern Australia. People born overseas make up almost one quarter of the total population. The federal government sets immigration intake numbers on a yearly basis. Australia’s immigration policies are non-discriminatory and all applicants to migrate must meet the same selection criteria. In recent years the mandatory detention of unauthorised arrivals with the intention of applying for refugee status (asylum seekers) by boat has generated great levels of controversy. Mandatory detention laws were introduced in Australia by the Keating Labor government, with bipartisan support, in 1992. The legislation was proposed as a result of an influx of Vietnamese, Chinese, and Cambodian refugees over the previous few years.
Views: 2300 Alice Kingsbury
5g - The economics of the Australian mining boom
 
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We use our economic analysis to make predictions about Australia's mining boom (from 2004 - 2014). We then compare the predictions from simple theory with what actually happened.
Views: 2729 stephen king
How Powerful Is Australia?
 
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What's The Difference Between Sunni & Shia? http://testu.be/1OFR6Rt » Subscribe to NowThis World: http://go.nowth.is/World_Subscribe Houthi, a Muslim Shia rebel group, recently seized control of the Yemen government through a violent coup. So, who is really instigating this proxy war and what do they want? Learn More: Iranian support seen crucial for Yemen's Houthis http://www.reuters.com/article/2014/12/15/us-yemen-houthis-iran-insight-idUSKBN0JT17A20141215 “Exactly how much support Iran has given the Houthis, who share a Shi'ite ideology, has never been clear. Sunni countries in the Gulf accuse Iran of interference via Shi'ite proxies in the region, something Tehran denies.” Iran-Saudi proxy war in Yemen explodes into region-wide crisis http://www.theguardian.com/world/2015/mar/26/iran-saudi-proxy-war-yemen-crisis “What has until now been an unacknowledged proxy war between Iran and Saudi Arabia, the two great powers of the Middle East, has now burst into an open confrontation that appears to be escalating rapidly as other countries and players are sucked in. The primary Saudi aim is to pacify Yemen, but its wider objective is to send a powerful message to Iran: stop meddling in Arab affairs.” Saudi Arabia bombs Yemen, launches coalition op against Houthi rebels http://rt.com/news/244117-saudi-arabia-bombs-yemen-houthis/ “Saudi Arabian forces, joined by nine other countries, have launched a military operation in Yemen against Shiite Houthi rebels, the Saudi ambassador to the US said. The offensive, which started with airstrikes, will also involve “‘other military assets.’” Watch More: What's the Difference Between Sunni and Shia Muslims? https://www.youtube.com/watch?v=5KLvjs7Yrtw _________________________ NowThis World is dedicated to bringing you topical explainers about the world around you. Each week we’ll be exploring current stories in international news, by examining the facts, providing historical context, and outlining the key players involved. We’ll also highlight powerful countries, ideologies, influential leaders, and ongoing global conflicts that are shaping the current landscape of the international community across the globe today. More from NowThis: » Subscribe to NowThis News: http://go.nowth.is/News_Subscribe » Like NowThis World on Facebook: https://go.nowth.is/World_Facebook » Connect with Judah: Follow @judah_robinson on Twitter – Facebook: http://go.nowth.is/LikeJudah » Connect with Versha: Follow @versharma on Twitter – Facebook: http://go.nowth.is/LikeVersha http://www.youtube.com/nowthisworld Special thanks to Evan Puschak for hosting TestTube! Check Evan out on Twitter: https://twitter.com/TheeNerdwriter/media
Views: 1700442 NowThis World
Investment Update: RBA and Australian GDP
 
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Stephen Halmarick, Head of Economic and Market Research at Colonial First State, gives an update on the RBA and Australian GDP, and impacts on the economy.
Unlocking The Mining Sector
 
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A Presentation on Mining In Zambia, a Product of Diamondale Foundation Only the best is good enough.
Views: 560 Mathews Mutale
Nikkei shifts high as AUD yoyos on Australian GDP data
 
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Australian Q1 GDP came in ahead of expectations as net exports shot up. However, underlying data shows the economy is still weak seeing the AUD popping on the data before returning pre-data levels. The comments in this video are intended by IG Asia Pte Ltd for general circulation. It does not take into account the specific investment objectives, financial situation or particular needs of any particular person. You should take into account your specific investment objectives, financial situation or particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. Please also read our research disclaimer at http://www.ig.com/sg/research-disclaimer.
Views: 133 IG Singapore
GDP Data Projection
 
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Gross Domestic Product (GDP) is a fundamental statistic used to evaluate the strength of a countries economy. Given the importance of this statistic for policy makers and stakeholders, it is amazing how little individuals know about its measurement and interpretation. Our App, GDP Data Projection seeks to help explain Australia’s GDP statistics by presenting a visual display of Australia’s national GDP and a state-by-state dissection across 24 years of quarterly data.
Views: 55 UppyCSGO
Investment Update 16.06.13 Australian economic growth
 
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Stephen Halmarick, Head of Economic and Market Research for Colonial First State provides a look at the latest economic growth and GDP data and the impacts on the economy.
► Top 10 Richest Countries In The World You Might Not Know
 
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Top 10 Richest Countries In The World You Might Not Know. This is top 10 countdown of the richest countries of the world per GDP of their average income. There are different factors leading to wealth of a state. One can be from the natural factor like a country that has oil reserve. Another can be the result from service or manufacturing industry. Sometimes, financial factor is also a source to economic development. The so-called rich or poor countries are used politically in the separation of North-South division. Of course, it’s true that many rich countries are from the Northern part of the world, and many poor countries are located in the Southern part like those in Asia and Africa. Today, rich countries deserve to be studied and observed. Find below the top 10 richest countries in the world. 10. AUSTRIA Austria has a population of 8.5 million with GDP per capita income of $42,409. Although this country experienced economic decline, it is still richer than other European countries. Income tax rate of a person is 50 percent while corporate tax is lower. Austria has abundant national resources which are input to economic development. Therefore, it is the tenth richest country that provides good standard of living to the people. Of course, in developed country like Austria, you will not be surprised to know that corruption does not often happen and institutional frameworks are strong. 9. AUSTRALIA Australia has a population of 22 million with GDP per capita income of $42,640. It is a rich country because the economy focuses on mining and agriculture for exportation. Moreover, this country also has competitive technology, and an economy from service and value added production. Individual tax rate is 45 percent while corporate tax rate is 30 percent. Its famous development depends largely on national efforts from the investment of education, good health, and economic freedom. 8. NETHERLANDS Netherlands is another rich European country which has a population of only 16.8 million with GDP per capita income of $42,194. Traditionally, is economy development depends on international commerce and largest ports as the main transportation in the world. Moreover, liberal economic policy is the main focus for attracting business kick-start with less economic barriers. Like Australia, this country also exports agricultural, mining, and manufacturing goods for economic growth. 7. SWITZERLAND Switzerland is a very peaceful country. Furthermore, this land is settled by a population of only 8 million with GDP per capita income of $45,418. Because Switzerland adopts liberal democracy, there is less barriers or restrictions on investment from both local and foreign businessman. Another important thing is that Switzerland adopts a good system for financial sector to support investment activities. Therefore, banking is a priority policy because the government also extracts some revenue from it. Other sources of government revenue are from metals, chemicals, electronics, and pharmaceuticals. 6. UNITED ARAB EMIRATES United Arab Emirates is a country situated in the Middle East. This country is an oil country which has a population of 5.5 million with GDP per capita income of $49,012. Oil is the main source to government revenue and standard of living for local people. Only about 20% of the GDP are earned from other factors. Noticeably, unemployment rate in the country is only 2.4 percent where annual economic growth is only 3.9 percent. It is very unique country that has no imposition on income tax and corporate tax at all. Because it’s a very rich country, if you go to Dhabi, you will see stunning architecture. For other countries, watch the whole video till the end.
Views: 738 Top 10 Lists
Australia Coal Mining Market 2020
 
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Complete report is available @ http://www.rnrmarketresearch.com/coal-mining-in-australia-to-2020-market-report.html . Australia is one of the world's largest producers and exporter of coal with production estimated at 476.5 million tons (Mt) in 2013, further projected to reach 635.9Mt in 2020, representative of a CAGR of 4.4%. Substantial production over the forecast period is likely due to capacity extensions and new projects. Projects such as the China First coal project, the Alpha coal project, the Wandoan project, and the South Galilee project located in the state of Queensland are some of the largest, with capacities of 40Mt, 30Mt, 22Mt and 13.6Mt respectively. The country's abundant and high-quality coal deposits are widely distributed across all the country's states and the Northern Territory.
Views: 37 Ruth weigle
This is why Australian economy will collapse in 2016
 
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What does your logic and perception make of this information presented to you? It is not my intent to create opinion or deceive you to my way of thinking. I gather information that I find interesting and factual to better my understanding of the world that would not be presented to me by conventional means of mainstream controlled media. Any information that sits well with you or has stirred something in your being that you have viewed on this channel, can assist you in researching your own truth and guidance! Your truth is for you to discern. “The human mind is highly intelligent. Yet its very intelligence is tainted by madness.” If the history of humanity were the clinical case history of a single human being, the diagnosis would have to be: Chronic paranoid delusions, pathological propensity to commit murder and acts of extreme violence and cruelty against his perceived ‘enemies’- his own unconsciousness projected outward. Criminally insane, with a few brief lucid intervals. Fear, greed and the desire for power and the psychological motivating forces not only behind warfare and violence between nations, tribes, religions and ideologies, but also the cause of incessant conflict in personal relationships. They bring about a distortion in your perception in other people and yourself. Through them you misinterpret every situation, leading to misguided action, designed to rid you of fear and satisfy your need for ‘more’ a bottomless hole that can never be filled. Quote from “A New Earth: Eckart Tolle! If the structures of the human mind remain unchanged, we will always end up re-creating the same world, the same evils, the same dysfunction. “Awareness is the greatest agent for change” “You have so much to learn from your enemies”
Views: 4913 Bri S
[Wikipedia] Economy of Queensland
 
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If you want to support this channel and help me improve, please become one of my Patreon - https://www.patreon.com/user?u=3823907 The economy of Queensland was one of the fastest growing economies within Australia, with growth outstripping that of the wider Australian economy in every financial year between 1995–96 and 2007–08. In 2009, the global financial crisis slowed Queensland's economic growth. A downturn in tourism, low housing construction starts and the cancellation of a number of mining projects is hampering Queensland's economic growth. The state's low growth figure of 0.2% in 2010-11 was due to the impact of widespread flooding and Cyclone Yasi affecting agricultural production and exports of commodities, particularly coal.Queensland generated 19.5% of Australia's gross domestic product in the 2008-09 financial year. The economy is primarily built upon mining, agriculture, tourism and financial services. Queensland's main exports are coal, metals, meat and sugar.Western Australia and Queensland are often referred to as the "resource states" because their economies are currently dependent on exports of resources such as coal, iron ore and natural gas. However, of the two states, Queensland has a more diversified base. In 2006, exports from Queensland totaled A$49.4 billion. By 2009 this figure had grown to A$65.5 billion. https://en.wikipedia.org/wiki/Economy_of_Queensland
Views: 14 WikiTubia
General Skilled Migration(GSM) - Australia
 
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This is my ice breaker speech at ToastMasters, on General Skilled Migration(GSM). This is on what's in it for the Immigration Nation to invite around 200,000 migrants every year. The inter-generational report is discussed in here. This is an analysis on how GSM boosts the Australian Economy, GSM's contribution to Australia's GDP, GSM as a remedy to aging population problem in Australia, GSM, Net Overseas Migration (NOM) levels, Permanent Residents (PR) stats, Skilled Visa and Family Visa numbers. Transcript: Narration (Intro): Last 2 years, around 200 K people got PR in Australia. They made Australia colourful, they are still making it colourful, singing dancing and considering it as their second home. They had their reasons to come to Australia and Australia has its reasons too. I had a chance to speak in a local public speaking club on GSM - genera skilled migration and what’s in it for the immigration nation. Speech Transcript: We are one…. We are many and from all the lands on earth we come. We share a dream and sing with one voice… I am , You are , We are Australians. Fellow Toast masters and my dear guests, this is Sujith Billa and today I am going to talk about GSM- General Skilled Migration. General Skilled Migration definitely contributes to the GDP growth in Australia. This is not me saying it but but this is what the Australian Bureau of Statistics says. that . If you look at the numbers from 2014 - 15 from the department of Immigration and Border Protection, 190,000 migrants have come to Australia. Out of them 68% are skilled and 32% are family stream. Can I say that the family stream migrants doesn’t come, sit back and watch TV. They eventually join the workforce.So they too contribute to the GDP. Industry wise, if you have a look at that, The mining boom is going down. According to the intergenerational report, in 2050, we are looking at the manufacturing sector and we are looking at other sectors including the IT sector. These migrants contribute, eventually to different sectors as well. If we talk about different visa types, we have got the student visa, we have got the skilled independent visas, we have got the most talked about Visa, the 457 visa , which was an election issue, last elections. These visas contribute to the GDP as well. Starting from TimTams, migrations buy, ….the list goes on up to houses. They make residential investments and then boost the Australian Economy. The problem in Australia today is the ageing population. Again, according to the intergenerational report, there are 3 P’s. one of the P’s is population. This is endorsed by the Australian Parliament and Australian government in Canberra. the foreword is written by the Treasurer. they say that the ageing population in 2050 would be worse and if you compare the migration stats with the ageing population, the more number of migrations we have means the more number of people we have in the workforce. Narration(Conclusion:) We not boost the Australian economy but also provide entertainment as well. Look at this..SITA Garden. the mini India.event 1 in the white night Melbourne 2015. This is GSM- Global Skilled Migration.
Views: 1596 Sujith Talks
2  Australia's economy
 
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Views: 1007 Adam Smith
Five charts that show why Australia is facing financial MELTDOWN
 
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Five charts that show why Australia is facing financial MELTDOWN UNEMPLOYMENT in Australia is rising and economic growth is slowing with experts fearing the country is about to go through a significant downturn. Resource-rich Australia has benefited hugely from the exponential growth in China's economy in recent years, by supplying the raw materials that has powered the Asian boom. In line with the rise in supplying China, Australia switched from an economy making its own goods to one that digs materials out of the ground. Mining as a percentage of Australian GDP has jumped to 8.6 per cent, while manufacturing has steadily dropped. But now the colossal Chinese economy is slowing down and, as Australia's top export destination, the abating is expected to have a big impact. http://www.express.co.uk/finance/city/596839/Charts-that-show-Australian-economy-is-in-financial-trouble
Views: 65 Megiston
Australia's economy grows faster than expected
 
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Australia's economy grew at a better-than-expected 0.9% in the first quarter of 2015, compared to the previous quarter, boosted by mining together with financial and insurance services. Forecasts were for quarterly growth of between 0.5% and 0.7%. Official statistics also showed that household consumption expenditure boosted the quarterly growth numbers. But economist Shane Oliver told the BBC the numbers were "well below potential". On an annual basis the economy expanded 2.3%, beating expectations for 2.1%. Economic growth in the March quarter of 2014 was 2.9%. 'Not out of the woods' "The March quarter GDP [gross domestic product] growth was far better than feared just a few days ago," said Mr Oliver, who is chief economist with AMP Capital in Sydney. "However, Australia is still not out of the woods, as annual growth at 2.3% is well below potential, and a full 0.8% percentage points of the 0.9% growth came from higher inventories and trade." He said domestic demand remained "very weak with consumer spending and home construction only just offsetting the ongoing slump in mining investment". "So the Australian economy has not crashed - as many had feared would happen after the end of the mining boom - but it is continuing to grow at a sub par pace," he added. Australia's economy has been adjusting to a post mining-boom landscape. It saw its economy grow 0.5% in the October to December 2014 period from the quarter before, when growth was 0.4%. On Tuesday, the country's central bank, the Reserve Bank of Australia (RBA), did not cut its lending rates further to help boost the economy, despite pressure from businesses to do so. The decision saw Australian stocks fall 1.72% as investors saw little hope of a further cut in the near future. However, Evan Lucas from IG Markets in Melbourne said "the collapse of [Australian stocks] on the back of the RBA not having an explicit easing bias... was a bit of an overreaction". In May, the RBA cut its benchmark lending rate by 25 basis points to an all-time low of 2%.Rising property prices in Australia's biggest city, Sydney, a strong currency and a drop in iron ore prices were among the reasons for the cut. The May rate cut was the second this year, following a previous 25 basis point cut in February and followed similar action from central banks in China, Canada, Singapore, Korea and India. A rising Australian dollar had also been cause for concern, particularly for Australia's big mining and energy exporters. Mr Oliver said more help would likely to be required "in the form of an even lower Australian dollar - and to ensure this happens the RBA may yet still have to cut interest rates further into record low territory."
Views: 22 Harsha Nuuu
Australian flood toll on GDP doubled
 
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January 12 - RBA board member tells local media floods may shave one percent ($13 billion ) off Australia's GDP, double current estimates.
Views: 52 Photoshopuzr
Economic Calendar 04-08 April 2013 (Australia GDP, Interest Rate, Retail Sale...
 
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The economic calendar is one investor tool used to forecast economic activity for the coming week. It give structure to economic news ahead and data streams to focus on.
Views: 80 CFDMaster.COM
Investment update 27 April 2015: Australian Economic Growth
 
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Stephen Halmarick, Head of Investment Markets Research for Colonial First State provides a look at the drivers behind the latest economic growth data and implications for the economy.
Views: 22930 Colonial First State
PNG Chamber of Mines and Petroleum talks about 2016 investment conference
 
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PNG Chamber of Mines and Petroleum executive director Greg Anderson speaking to Diane Kambanei of PNG NBC TV about the 14th PNG Mining and Petroleum Investment Conference which will be staged from December 5-7 in Sydney, Australia.
Views: 471 Mackhenly Kaiok
Australian economic outlook: China's slowing growth
 
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Slower Chinese growth could result in further policy action from Chinese authorities, according to our Australian Head of Economic Research, James McIntyre. The economic transition and slower growth rate has spillover effects into other economies and has contributed to a downgrade in the global growth outlook.
Views: 346 Macquarie Group
World Economic Forum's Mining & Metals Scenarios to 2030
 
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http://www.weforum.org 16.02.2010 This video presents the scenario development process and scenario stories for the World Economic Forum's 'Mining and Metals to 2030' project.
Views: 3878 World Economic Forum
Australia Restricts Chinese Money
 
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Australia pushes back against Chinese financial meddling on the continent. Order delicious MEALS and SUPPORT China Uncensored: http://bit.ly/cu-thrive-0218 Note: This food is being sold through an independent distributor of Thrive Life. They give China Uncensored a commission when you order food through that link. ______________________________ This video is the fourth and final segment from China Uncensored's new half-hour show format. For the full episode, visit http://www.chinauncensored.tv/february-9-2018-full-episode/ Contribute! Join the China Uncensored 50-Cent Army! https://www.patreon.com/ChinaUncensored ______________________________ Twitter: https://twitter.com/ChinaUncensored Facebook: http://www.facebook.com/ChinaUncensored Instagram: http://instagram.com/ChinaUncensored ______________________________
Views: 100545 China Uncensored
How to increase Australia's economic growth: explained
 
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What are the benefits of investing in the Australian manufacturing industry? Increasing our economic growth. Find out more at http://www.makeaustralia.org.au
Views: 1985 Make Australia
AUD falls as RBA stands pat on monetary policy
 
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Yesterday, traders resumed long positions on the US dollar. The greenback aroused bulls’ interest in light of the upbeat report on the US manufacturing sector survey. Amid the increasing demand for the US dollar, commodity currencies were showing strong resilience supported by the bullish sentiment in commodity markets. So, the Australian dollar nearly approached the resistance level at 0.7690, though it failed to break it out and strengthen the bullish trend. Demand for the aussie fell sharply after the Reserve Bank of Australia announced its monetary policy decisions. At the monthly meeting, Australia’s central bank decided to leave the cash rate unchanged at a record low of 1.50% as widely expected. The market was alert to the statement following the October monetary policy meeting as it was the first meeting chaired by Phillipe Lowe, the new governor. The statement revealed more positive message than previously. The board noted good adaptability of Australia’s economy to changing conditions. Steady GDP growth was not hampered by a long slump in mining investment as the mining industry is the key economic sector. Australia's biggest-ever boom in apartment-building has helped support economic activity. Building permits surged 10.1% in August in annual terms, the strongest print for the recent 10 months. Nevertheless, obvious risks to the economic stability remain the same, in particular low inflation and the overvalued national currency. https://www.instaforex.com
Views: 140 InstaForex
Australia's economy shrinks
 
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Australia's economy has been shrinking for a while now, however, the recent floods have left it in a worse condition
Views: 147 Bloomberg TV India
GREAT FALL OF AUSTRALIA'S LIVING STANDARDS
 
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#WorkChoices #Abbott ‪#‎WorstPMEver #auspol #AustraliaDay #‎ReadytoFight‬ Visit www.theasterionshow.com
Views: 867 The Asterion Show