In his latest offering, conservative Australian cartoonist ZEG is upset that thousands more Australian jobs have been lost and production moved to China
A great French ship visits Sydney
The Queen Mary 2 was built in the Alstom Chantiers de L'Atlantique shipyard in Sainte-Nazaire, France.
Details of the visit here
Australian economy unexpectedly strong
Thanks to business
Economists say the Australian economy may have escaped a quarter of negative growth after figures showed a surge in capital expenditure to almost $25 billion. Most economists had been expecting spending on buildings and equipment to fall in the December quarter, but today's official figures show a 6 per cent increase compared to the previous three months. It comes after figures yesterday revealed a stronger-than forecast performance in the construction sector.
CommSec had been forecasting that economic growth was flat in the quarter. But CommSec economist Savanth Sebastian says it is now predicting the economy expanded by 0.5 per cent. "There's no doubt that the global economy remains on its knees, but what we're really seeing is that the business sector's really driving growth in Australia," he said. "Rather than making any knee-jerk responses and cutting spending, it's the business sector that is actually increasing investment plans."
Posted by John Ray. For a daily critique of Leftist activities, see DISSECTING LEFTISM. For a daily survey of Australian politics, see AUSTRALIAN POLITICS Also, don't forget your daily roundup of pro-environment but anti-Greenie news and commentary at GREENIE WATCH . Email me (John Ray) here