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Hope my friend's OK as she lives in one of those affected states!
alexx_the_great: (Default)
I thought it would be a minor crisis, but looks like it's really going to be some kind of full-scale recession worldwide...

Anyway, I'm glad I'll pass away as a citizen of Australia. Whatever happens.

Hope my Victorian friend won't suffer from the economic downturn.
Budget will be 'forced into deficit'

Article from: Agence France-Presse
PLUNGING demand for mining resources amid the global economic crisis will force Australia's once-robust budget surplus into deficit, Treasurer Wayne Swan admitted for the first time Sunday.

"Company taxation could be down as much as $50 billion over four years as a consequence of the global recession,'' Swan said.

"Of course what that means is -- because of the unwinding of China, the global recession -- it will be inevitable that Australia has a temporary budget deficit,'' he told Channel Nine television.

Demand in China and other Asian countries for Australian resources such as coal and iron ore has driven the economy for years, but exports have been hit hard by fading growth in major trading partners.

The surplus of $21.7 billion forecast in May's budget was slashed in November by three-quarters to 5.4 billion as the government warned the crisis would cut tax receipts, growth and jobs.

But the acknowledgement that even that will disappear follows Prime Minister Kevin Rudd's announcement Saturday that the International Monetary Fund (IMF) had predicted the country could go into recession this year.

The government is widely expected to announce further measures to stimulate the economy after a 10.4 billion dollar pump-priming exercise in December aimed at getting consumers to spend.
Swan would not be drawn on speculation that the measures will include tax cuts.

"What we are doing right now is looking at all options, given the substantial deterioration that has occurred... and the grim outlook that now comes out of bodies like the IMF,'' he said.

Incentives for business investment were always important but "the most important thing for the government to do to stimulate the economy is to stimulate demand so that business actually has some customers,'' Swan said.

The central bank is also expected to act to stimulate the economy by announcing a further cut in interest rates after its monthly board meeting on Tuesday.

Economists are predicting a cut of as much as 100 basis points, to 3.25 percent.,25197,24992224-601,00.html

Australia in recession:

THE global financial crisis has dragged Australia into recession with its economy forecast to contract by 0.2pc this year, according to the International Monetary Fund.

The unpublished IMF forecasts for Australia suggest that the recession will be drawn out, with economic growth predicted to recover by a weak 1.75 pc in 2010.

The Australian revealed last week that the IMF was due to revise down its 1.8 pc forecast for Australian gross domestic product growth in 2009 to close to zero.

Confirmation that the economy will go backwards this year suggests unemployment could rise steeply.

It will put pressure on the Reserve Bank to cut official interest rates by another 100 basis points on Tuesday.

Australia has been one of the last developed countries to slip into recession, in part because of the lingering boost from China's boom.

But this is now coming to an end as China has also been dragged into the global economic downturn.

The IMF this week again sharply cut its forecast for global economic growth in line with the deepening of the international financial and banking crisis and a collapse in consumer spending around the world.

The Washington based IMF said the world economy would grow a mere 0.5pc this year, including a bracing 2pc contraction for developed nations.

Australia's forecast -0.2pc growth this year is not as dire as the US (-1.6pc), Europe (-2pc), the UK (-2.8 pc) and Japan (-2.6pc).,28124,24989652-36418,00.html

Keep well anyway, Land Down Under.
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It seems to me they're going to change the entire migration program. I wonder why? Migrants make good for our Land Down Under. They study (thus, they partially keep the Australian economy up paying for their education) and work all around the country and harm no one except for some... Well, why cut that income, why not cut some unnecessary industry branches instead, for example. They also could do something about the taxes, etc. Personally I figure skilled migrants are good, whatever happens...
I'm not much of an economist, but IMO migrant cuts ain't the best option anyway.

Australia may cut the number of immigrants allowed into the country if the global financial crisis raises unemployment levels.

Australian Immigration Minister Chris Evans said a decision on reducing numbers would be taken after mid-year financial data is published next month.

Around 190,300 immigrants are forecast to arrive in Australia in 2008/09.

Earlier this month, a British minister said the country could reduce migrant flows due to the economic crisis.

Mr Evans said the country's current migrant programme, which is aimed at skilled workers, was designed when Australia was forecasting good economic growth and a skills shortage.

"If those parameters are changing, the government will take a sober look at those issues and make a decision when we have got proper information," he told Nine Network television.

Complex decision

"Clearly if the demand for labour comes off, you'd adjust the migration programme accordingly," he said. "We can turn the taps off if we need to."

Mr Evans said that any decision on cutting migrant flows was complex, considering their contribution to the country's economy.

"We know that they consume, they buy property, and they're a net positive to the budget," he said.

"And a lot of the skills that are coming in at the moment are in the mining sector, which has allowed us to increase our exports."

He said there were still industries which had a "strong demand" for labour and the government would analyse the economic situation and consult industry before deciding on what to do.

Australia was already witnessing an increase in the number of migrants coming from Britain and New Zealand, Mr Evans added.

"I think the downturn in Great Britain over the last year or two has actually seen a renewed interest from Great Britain in people looking to migrate either temporarily or permanently," he said.

Earlier this month, Britain's immigration minister Phil Woolas said the country might reduce the number of migrants coming into the country because of the economic crisis.
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I heard they're going to resume the series or something. Can't believe! I wish they brought the actors back. I mean those who have left the series already.
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Rudd said he'd pull the troops back... Well, that is being done already, I read a headline on the web.

As for me, I think the US shouldn't have started the war.


Jun. 1st, 2008 08:40 am
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It's getting cold in here. I don't wanna turn anything heating on, though. For what anyway? I feel it's certainly above ten. Perhaps it'll get a bit warmer by day...

I like nature. I wish I lived in the outback someday or at least I wish I had a house out there to turn up in there sometimes at the weekend. Sometimes I just want nothing but resting and being far away from any... hm... civilisation? Well, I suppose it's just pretty hard to live nowadays, it's sometimes unbearable!
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I really like some of them! I feel I should memorise one which could be my favourite. "Do you think I do not know?" is certainly a good one. Of course that Australia is part of the past already and belongs to it thoroughly... But it's sometimes nice to delve into the past and be far away from the modern volatile world...
I wish I had been born earlier, that's for sure. No education, no need to work unless one wants to eat ( and that's very good, that's even just!). Isn't that a dream of everyone? :-)))
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I'm much better today. No coughing, at least... The temperature is gone, and that's cool! I haven't had a fever for around 11 years, though, I knew it wouldn't develop into something really troublesome anyway, but it did cause some trouble for me as I sneezed and coughed nearly every hour yesterday... Getting down to business anyway. I'm going shopping in a while...gotta buy rolls and buns and some tea to make it afterwards. Then after I've had my meals(I'm not full yet), I'll get back to studying again...
I have put a video of the national anthem on and am trying to sing along... :-) It's quite funny :-)

Just found

Dec. 16th, 2007 06:47 pm
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I've just come across a new site on folk songs. Here's the one I heard from "The Thorn Birds" and used as a headline, though. Hope this ain't a copyright violation ;-)

Old Bullock Dray

Now the shearing is all over, and the wool is coming down
I mean to get a wife, my boys, when I go down to town
For everything has got a mate that brings itself to view
From the little paddy-melon to the big kangaroo

So roll up your blankets and let us make a push
I'll take you up the country and show you the bush
I'll be bound such a chance you won't get another day
So roll up and take possession of the old bullock dray

I'll teach you the whip and the bullocks how to flog
You'll be my off-sider when we're fast in the bog
Hitting out both left and right and every other way
Making skin and blood and hair fly round the old bullock dray

Good beef and damper, of that you'll get enough
When boiling in the bucket such a walloper of duff
Our mates, they'll all dance and sing upon our wedding day
To the music of the bells around the old bullock dray

There'll be lots of piccaninnies, you must remember that
There'll be Buckjumping Maggie and Leather-belly Pat
There'll be Stringybark Peggy and Green-eyed Mike
Yes, my colonial, as many as you like

Now that we are married and have children five times three
No one lives so happy as my little wife and me
She goes out a-hunting to while away the day
While I take down the wool upon the old bullock dray



Dec. 14th, 2007 10:36 am
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The love of field and coppice,
Of green and shaded lanes.
Of ordered woods and gardens
Is running in your veins,
Strong love of grey-blue distance
Brown streams and soft dim skies
I know but cannot share it,
My love is otherwise.

I love a sunburnt country,
A land of sweeping plains,
Of ragged mountain ranges,
Of droughts and flooding rains.
I love her far horizons,
I love her jewel-sea,
Her beauty and her terror -
The wide brown land for me!

A stark white ring-barked forest
All tragic to the moon,
The sapphire-misted mountains,
The hot gold hush of noon.
Green tangle of the brushes,
Where lithe lianas coil,
And orchids deck the tree-tops
And ferns the warm dark soil.

Core of my heart, my country!
Her pitiless blue sky,
When sick at heart, around us,
We see the cattle die-
But then the grey clouds gather,
And we can bless again
The drumming of an army,
The steady, soaking rain.

Core of my heart, my country!
Land of the Rainbow Gold,
For flood and fire and famine,
She pays us back threefold-
Over the thirsty paddocks,
Watch, after many days,
The filmy veil of greenness
That thickens as we gaze.

An opal-hearted country,
A wilful, lavish land-
All you who have not loved her,
You will not understand-
Though earth holds many splendours,
Wherever I may die,
I know to what brown country
My homing thoughts will fly.


Dec. 9th, 2007 03:46 pm
alexx_the_great: (Default)
I'm going to the circus today. The price of the ticket was nearly 15$ or something as one of the cheapest tickets was bought for me...I was myself unable to buy the ticket as I was at home - why go there twice anyway? I haven't been there for six years. What will the performance be like, I wonder?
I really liked to go to the theater and circus when I was a schoolboy... They would bring tickets right to the classroom and everyone took them (if their surnames had been on buyers' list beforehand).

Still, I'll never stop thinking about what I should personally achieve at any costs, by any means, one way or another. It sometimes makes my eyelids drop, though. Ah, yes : Advance Australia Fair!
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Mum has bought a chocolate bar for me ( I asked her to) .
I'm eating the chocolate and drinking tea now.
Alcohol sucks - I have never liked it, I don't understand
why people drink it... Is that a sport
or something?

Advance Australia Fair!!!

The Overlanders

So pass the billy round boys,
Don't let the pint pot stand there
For tonight we'll drink the health
Of every Overlander.

There's a trade you all know well
And it's bringing cattle over,
On every track to the gulf and back
Men know the Queensland drover.

I come from the Northern plains
Where the girls and grass are scanty
Where the creeks run dry or ten feet high
And it's either drought or plenty.

There are men from every land
From Spain and France and Flanders
They're a well mixed pack, both white and black
The Queensland Overlanders.

When we've earned a spree in town
We live like pigs in clover
And the whole dam cheque pours down the neck
Of many a Queensland drover.

As I pass along the road,
The children raise my dander
Shouting "Mother dear, take in the clothes
Here comes an Overlander".

There's a girl in Sydney Town
Who said "Please don't leave me lonely"
I said "it's sad, but my old Prad
Has room for one man only.

But I'm bound for home once more
On a Prad that's quite a goer
I can find a job with a crawling mob
On the banks of the Maranoa.


alexx_the_great: (Default)
Alex Atkinson

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