There will be news and then there will be more news , but every new year brings a new flavour of news and this year it was a mix of upbeat and downbeat for economy, stock market and Politics. Here’s what everybody was talking or reading about in 2011 in Australia.
The 2011 Business Year in review
The boat Tragedy of Christmas island – On December, 15th 2010, a boat carrying around 90 asylum seekers, mostly from Iraq and Iran, sank off the coast of Christmas Island, an Australian territory in the Indian ocean. For a period of about one hour, the unpowered boat was washed back and forth as backwash water pushed it away from the cliff and finally the boat broke Killing and injuring many.
The Queensland floods – Floodwaters rushed through much of Queensland in December 2010 and January 2011
The Malaysian Asylum swap deal – The Australian High Court declared the Federal Government’s so-called Malaysia solution invalid, leaving the Federal Government’s refugee policy in tatters.
Overseas Student murder,India Media and threat to billion dollar education industry .A Indian student murder leads to press in India labelling it a race murder and dwindling of student admissions.
Pic: ref thevine.co.au
Online shopping in Australia and Brick and mortar shops..Online retailers who have not joined the new online shopping revolution whinge about online retailers getting GST tax benefit
The tsunami in japan – A magnitude 9.0 earthquake hit off the coast of Japan, near the city of Sendai and followed with a tsunami wrecking havoc in japan and then also triggered the worst nuclear disaster sine Chernobyl, causing a nuclear meltdown at the Fukushima nuclear power plant.
Europe crisis and US stock market volatility
Subdued Real estate sector and when it will be up again. The Global Real Estate Trends report stated the warning of “further slowing in sales and price appreciation in 2011” which has come true.
The china Real estate bubble – In China, house prices throughout the country have fallen as strict government policies aimed at cooling the property market start to take effect, prompting fears from many analysts that the china house price bubble is bursting.
The Arab uprisings – A revolution took place across the Arab world in early 2011, with hordes of protesters taking to the streets in Tunisia and Egypt, then later in Libya, Bahrain & Iran.
The Christchurch earthquake – A 6.3-magnitude earthquake hit New Zealand’s at 12:51pm on February 22, creating havoc and killing many people in central Christchurch and Canterbury
The riots in london – Between 6 and 10 August 2011, several London boroughs and districts of cities and towns across England suffered widespread rioting, looting and arson.
I also came across a interesting post ( year 2011, according to Thomas Edison in 1911 ) .check o it out
