On the Blogs: The Economy of the ‘Lucky Country’ Is at Risk From Its Lack of Diversification

first_imgOn the Blogs: The Economy of the ‘Lucky Country’ Is at Risk From Its Lack of Diversification FacebookTwitterLinkedInEmailPrint分享Satyajit Das for Bloomberg View:If Australia is an economic miracle—the so-called Lucky Country, beneficiary of more than a quarter century of uninterrupted growth—then its banks are its most visible sign of strength. In fact, though, this ruddy good health masks some deeply worrying trends. The balance sheets of Australia’s biggest banks are far more vulnerable than they may seem on the surface—and that means Australia is, too.Australian financial institutions have made the same fundamental mistake the rest of the country has, assuming that growth based on “houses and holes”—rising property prices and resources buried underground—can continue indefinitely. In fact, despite a recent rebound in Chinese demand, commodities prices look set to remain weak for the foreseeable future. Banks’ exposure to the slowing natural resources sector has reached nearly $50 billion in loans outstanding—worryingly large relative to their capital resources.Pundits have been saying for years that Australia needs to diversify its economy, boosting services exports—primarily tourism, education and health—rather than continuing to depend on resources and debt-fueled property growth. Banks need to do the same, reducing their exposure to the housing market and the mining industry. At the same time, they should move swiftly to shore up their balance sheets, aggressively increasing bad-debt reserves, raising capital and gradually trimming dividends. Even their otherwise enviable luck can’t last forever.In Australia, All That Glitters Isn’t Goldlast_img read more

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WWE Hell In a Cell: Kabuki Warriors are Women’s Tag Team Champions

first_img Written By WWE Hell In a Cell PPV housed some exciting matches and one of them was the match for the WWE Women’s Tag-team Championship. Champions Alexa Bliss and Nikki Cross faced the Kabuki Warriors – Asuka and Kairi Sane. The Kabuki Warriors ended up winning the match after Asuka ended up pulling out a trick from her sleeve. Let us what unfolded in the Hell in a Cell match. ALSO READ | WWE Hell in a Cell results: Reigns and Bryan defeat Harper and RowanWWE Hell in a Cell: The Kabuki Warriors make their intentions clear FOLLOW US SUBSCRIBE TO US The booking for the match happened on the day of Hell in a Cell Pay-per-view. The Kabuki Warriors were chosen as the competitors because they were the last team to be eliminated when Bliss and Cross won the titles in August.ALSO READ | Brock Lesnar to Bobby Lashley, wrestlers who have excelled outside WWE Last Updated: 7th October, 2019 12:46 IST WWE Hell In A Cell: Kabuki Warriors Are Women’s Tag Team Champions In the WWE Hell in a Cell 2019 PPV, The Kabuki Warriors defeated Alexa Bliss and Nikki Cross to win the WWE Women’s Tag Team Championship. Read more First Published: 7th October, 2019 12:46 IST WATCH US LIVE LIVE TV COMMENT The match started with Kairi offering a handshake to Nikki Cross who was starting the match for her. The handshake was only a trick to attack Nikki and Alexa. The Kabuki Warriors then proceeded to dominate the match for most of its length. Bliss and Cross had some comebacks but not too many.  ALSO READ | WWE Hell in a Cell 2019 results: Becky Lynch takes down Sasha BanksIn another attempt to cheat, Kairi walked over to Nikki Cross who was by the turnbuckle and attacked her while Bliss was being hit by Asuka. Kairi then came back and got a pin on Alexa Bliss but the referee was too busy trying to control an agitated Nikki Cross on the side. Cross and Bliss then tried to get some momentum back but Asuka then used the Green Mist on Nikki Cross and pinned her to win the championship.  ALSO READ | WWE RAW: Charlotte Flair’s toughest in-ring competitors in the WWEWWE Hell in a Cell: Why were they fighting? Mrigank Pandey last_img read more

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