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Thursday, May 24, 2012

Australia is the world's happiest nation: OECD

04:45 AM May 24, 2012 - original report 

SYDNEY - Australia is the world's happiest nation based on criteria including income, jobs, housing and health, the Organization for Economic Cooperation and Development (OECD) said.

Australia led Norway and the United States, the Paris-based group's Better Life Index showed, when each of 11 categories surveyed in 36 nations is given equal weight.

Life expectancy at birth in Australia is almost 82 years, two years higher than the OECD average, the survey showed. More than 72 per cent of people aged 15 to 64 in Australia have a paid job, above the OECD average of 66 per cent.

Australia was the only major developed nation to avoid the 2009 worldwide recession and the government is aiming to return its budget to surplus in the fiscal year beginning July 1. 

A mining investment boom has spurred hiring and driven the unemployment rate below 5 per cent, even as an elevated currency hurts manufacturing and tourism.

"Australia performs exceptionally well in measures of well-being, as shown by the fact that it ranks among the top countries in a large number of topics in the Better Life Index," the OECD said.

As Europe faces years of fiscal austerity, Australia's budget surplus would make it one of the first developed nations to emerge from an era of red ink caused by the worldwide financial crisis that started in 2008. Bloomberg

Saturday, May 19, 2012

Before NATO Summit, Protestors rally, march in Chicago

Published on May 19, 2012 by VOAvideo : Though the NATO Summit starts May 20th, protestors are already filling the streets of the host city, Chicago. VOA's Kane Farabaugh has more on what was originally supposed to be the opening day protest rally of the G8 meeting in the city.

Friday, May 18, 2012

Affluent Greeks moving cash abroad

Published on May 18, 2012 by AlJazeeraEnglish : As analysts start to look at what happens if Greece leaves the euro zone, its wealthier citizens have taken matters into their own hands.

Vast amounts of money are heading to countries elsewhere - to Switzerland and to the UK.

Wednesday, May 16, 2012

More protest in America by the Occupy Movement against big businesses.

'OWS more Ron Paul revolution than Arab Spring'

Published on May 15, 2012 by RussiaToday ; There's been more protest in America by the Occupy Movement against big businesses. A day of global action has been taking place across the US with organizers claiming countries around the world are rising up in opposition to austerity and corporate greed. For more, RT talks to Jayel Aheram - a former US Marine and Iraq war veteran who's now an anti-war activist and blogger.