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Australia Must Wean Itself From China

2013-04-15 19:04:00| Climate Ark Climate Change & Global Warming Newsfeed

Bloomberg: Viewed from afar, even the bad news in Australia looks pretty good. Unemployment reached a three- year high last month and is now all of 5.6 percent. Leaders such as U.S. President Barack Obama and French President Francois Hollande would kill for such a number. Australia has avoided a recession for 21 years, boasts a budget remarkably close to surplus and continues to enjoy low inflation. On any economic report card, the country deserves a string of As. That stellar performance should make Prime...

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