New Zealanders who emigrate to Australia raise the IQ of both countries.

New Zealand was colonized initially by those Australians who had the initiative to escape

Only two countries-- Indonesia and Australia--export coal more than 50 percent of their domestic use.

When America stopped importing from China, China stopped importing from the rest of the world. This affects Asian countries as well as Australia, Brazil, and other suppliers of raw materials.

Because IQ tests favor memory skills and logic, overlooking artistic creativity, insight, resiliency, emotional reserves, sensory gifts, and life experience, they can't really predict success, let alone satisfaction.

Those countries with large current account deficits, such as the U.S. and Australia, haven't been penalized by seeing their currencies drop. In other words, financial markets currently are ignoring current account balances, but that's not to say that will continue.