Household wealth and income
Rate of annual wage rises: down from seventh in 2013 to 21st now.
Gross domestic product per capita: down from fifth to seventh.
Gross national savings: down from ninth to 19th.
Mean wealth per adult: down from second to fourth.
Household debt: up from the fourth highest to the second highest.
Gini coefficient (equality of wealth distribution): down from 12th to 28th.
Government and business measures
Budget deficit as a percentage of GDP: down from ninth to 25th;
Government spending as a percentage of GDP: down from fifth to eighth;
Growth in the volume of exports of goods and services: down from fourth to 18th.
Heritage Foundation economic freedom: down from first to third.
Value of the Australian dollar: down from 92 U.S. cents to 71.1 cents.
Value of the Australian dollar: down from 91.3 Japanese yen to 79.3 yen.
Value of the Australian dollar: down from 116 Kiwi cents to 105 cents.
There are probably only two significant variables on which Australia has improved relative to the rest of the world since 2013 — executive salaries and corporate profits. This explains why this analysis will not be found in Australia’s mainstream media.
The Israeli army snipers who were ordered to shoot unarmed Palestinian protesters last Friday at the Gaza border, killing 17 outright and wounding hundreds of others, were acting according to the contemporary script of Middle Eastern dictators.
The Israeli army initially admitted in a tweet that the tactic was premeditated and precise, but then deleted the tweet, as the Israeli peace group B’tselem pointed out:
Horrific conditions in offshore detention centers have led to an epidemic of self-harm.
As global wealth concentrates in fewer hands, the world’s wealthy are shifting trillions to offshore havens to escape taxation, accountability, and publicity.