Last month BlackRock announced its total assets under management reached $A17.6 trillion, up from $A13.9 trillion the previous year. Comparing this to global GDP, only the U.S. and China have economies larger than BlackRock’s assets; its assets are 6.4 times the value of Australia’s economy.
The fact that capital is running the U.S. has real impact on Australia, 25.1 percent of foreign investment in Australia comes from the U.S., by contrast China, our largest trading partner, accounts for a paltry 1.9 percent of foreign investment in Australia.
“The taxpayer is paying almost $700 million per year to a company masquerading as a hospital operator which, at best, can deliver services for 250 public beds, yet the Royal North Shore Hospital, which has about 700 public beds, costs the taxpayer about $700 million a year to run.”
olddogthoughts 
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