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Australia Wine, Population, Work, Skills, Victoria, Wealth, Debt, UniNZ, Foreign Students, Larrikans
Constellation to end growers' contracts. Winery giant Constellation
has told its remaining Murray Valley growers their contracts will be
terminated in three years. The company has been progressively
shedding growers over the past two seasons, giving them three years'
notice their contracts will not be renewed.
Seal of approval for Grange wine. PENFOLD'S Grange has again been
recognised as one of the world's greatest wines, with influential US
critic Robert Parker awarding its latest vintage a score of 99 out of
100. Parker was credited with lifting Grange to superstar status when
he named the 1990 vintage the greatest red in the world, but even that
wine was given only 94 points.
Populate and prosper. IN what surely must come as a great surprise to
demographers biding their time at university campuses and in research
bureaus, the population issue has assumed barbecue-stopper status. The
debate started when the former Howard government released its
intergenerational reports, revealing the spectre of an ageing
population putting the fiscal crunch on future workers.
MANAGERS and professionals have prospered through the economic
downturn while tradespeople, machine operators and clerical staff have
been laid off. New employment figures show big swings in the labour
force as industries such as manufacturing, property and construction
bear the brunt, while sectors such as health and education have been
Skills shortage looms as growth obstacle for resources industry. THE
next decade is expected to throw up the same issues as the last for
the resources sector, as the quest for scale continues through
mergers, and China and India put growing demands on Australia's
production, infrastructure and skills base.
Victoria goes from basket case to star performer. VICTORIA has leapt
ahead of all the non-resource states, as well as Queensland, as the
former rust-belt state reaps the rewards of more than 15 years' of
economic reform. The state is taking advantage of its sputtering
northern neighbours in attracting new business investment and
population and housing growth.
AUSTRALIANS have enjoyed the fastest growth in household wealth for
more than a generation, as the rebound on stock markets has given back
almost half the money people lost in the global financial crisis.
Financial accounts issued by the Bureau of Statistics on Christmas Eve
show that even excluding real estate, households' net financial assets
shot up by a record $147 billion or 17 per cent in the September
quarter alone. http://www.theage.com.au/national/su...1225-lf2j.html
Debts at record levels BORROWERS have set a new record: for the first
time we owe more in household debt than the entire Australian economy
earns in a yearReserve Bank figures show mortgage, credit card and
personal loan debts now stand at $1.2 trillion, up 71 per cent from
just five years ago and equating to $56,000 for every man, woman and
child in the country. http://www.heraldsun.com.au/money/cr...-1225813873280
Uni cheaper in NZ AUSTRALIAN students are gaining university degrees
at half the price by heading across the Tasman to study in New
Zealand. It's a chance to turn the tide on the Kiwi influx, because a
little-known government deal means New Zealand taxpayers are
subsidising more than 2000 Australians to study at NZ universities.
Foreign students suffer rise in Australian dollar. I decided to do my
PhD in Australia in the, now debunked, belief that it would cost me
less than other countries. I have been here for six months and I now
think that this education is going to be more expensive than almost
all other destinations I had on my application list. The rent of the
dormitory I'm living in is clear evidence of this. However, my
initial wishful thinking has nothing to do with the early tuition and
daily cost calculations. Instead, it has much to do with a surge in
Australian dollar in the past year.
We aren't just larrikins. The larrikin image certainly has a place in
Australian popular culture, but it should not be allowed to damage our
business relations or prospects. Do international managers think of
Australia when deciding about business relocations or investment
decisions? Or are we just an exotic holiday destination? Perhaps
Australian industries should respond to the "Where the bloody hell are
you?" campaign with a business-to-business advertising answer: "At
work, and we're doing fine, mate."
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