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Australia's Ten Core Challenges for the Future - From Kevin Rudd

  1. How we can build a strong foundation for future prosperity, in a global economy that will be transformed by the rise of China and India and other developing economies; and how we ensure our prosperity does not rest only on the ups and downs of commodity markets but also on what we can craft out of our human capital.
  2. How we can have the best educated, best skilled, best trained workforce in the world – a workforce whose innovation and ingenuity drives productivity growth forward.
  3. How we respond to the enormous challenge of climate change and become a leader in tomorrow’s lower carbon energy revolution.
  4. How we ensure a strong future for rural industries and rural communities at a time when the world, once again is debating the possibility of global food shortages.
  5. How we develop a long-term national health strategy – and don’t simply surrender to the trend of rising chronic disease rates. But instead say, ‘there is a different way of doing this’
  6. How we build stronger communities, stronger families and a society that works hard, not to leave any single Australian behind.
  7. How we close the gap on Indigenous disadvantage and ensure life opportunities for Indigenous Australians, comparable to those enjoyed by all Australians. That should be our goal.
  8. How we build a creative arts industry that reflect Australia’s unique story that carries our unique culture to the rest of the world.
  9. How we reform our system of governance for the needs of the 21st Century rather than perpetuating some of the structures from the 19th Century.
  10. How we ensure Australia’s future security and prosperity in a rapidly changing region and world. [More]

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Zimbabwe Dollar Abandoned The progressive 'dollarisation' of Zimbabwe has extended to rural areas, where dwellers now sell their fresh produce in U.S. dollars.

Almost everyone in the country is now buying and selling in foreign currency, rendering the Zimbabwe dollar almost worthless on the domestic market.

Even bank queues that characterized the daily lives of people last year are disappearing, as more people turn to using either the South African rand or U.S. dollars.

The MDC MP for Mbare Piniel Denga told us villagers in Murehwa were selling maize cobs, tomatoes and their livestock in U.S. dollars. The MP was in the area on Sunday were he bought a small dish of five mangoes for US$1. He said three tomatoes cost US$1, and five fresh maize cobs also cost US$1.

'During the festive season I was in Chivhu where people were buying beer and other drinks in foreign currency. I must admit that the use of our local currency is fast dwindling and you hardly see anyone using it anymore. For instance if you use a kombi from Glen View to the city it now costs US$1 as well, so everything has been dollarised,' Denga said.

The Mbare legislator said Zimbabweans had been forced to abandon the local currency for the simple reason that the maximum money you are allowed to withdraw can only buy one small onion.

'Go to any bank now and you hardly see anyone inside. You see few people here and there but otherwise the days of the Zimbabwe dollar are nearing their end. This is not a secret, even the government knows that people have empowered themselves and abandoned their useless dollar. We are headed for interesting times,' the MP quipped.

It costs US$20,000 to buy a foreign currency licence, which legally allows businesses to trade in forex. But with the virtually total collapse of the economy most small business can barely generate enough income to pay their staff at the end of each month. The Reserve Bank's policies, courtesy of Gideon Gono, have created a nightmare for most of these small companies and for the majority of the population who have little access to forex.

With everything now being imported companies have to pay for their inputs in forex, but if they can't afford a forex licence they legally can't sell in foreign currency. So Gono's forex police do the rounds of the shops, impounding 'illegal' foreign currency from these shops. In other words state sponsored theft.

The dollarisation has extended to school tuition with private schools setting fees in US dollars, putting education out of reach of most.

Chisipite High School in Harare is charging US$1,200 per term, and was asking pupils to bring fuel coupons worth US$300 with them on their first day of the term as a deposit.

Roxer Academy primary in Harare is charging US$800 a term, while in Bulawayo the Masiyephambili Primary School is requiring a fee of US$650.

This almost guarantees that when schools open next week they will be virtually empty. Families will be unable to send their kids to school and teachers will have no money for transport.