but it's also a larger narrative about the quiet success of australia.te has averaged nearly 4% for the last two decades. higher than almost every other rich country. it may be on the bottom of the map, but it's on top of almost every livability index. the unemployment rate is low. the deficit is almost negligible. it has strong education, universal health care. one could go on. so how did it get there? self-deprecating aussies may put it down to good luck. they had good weather, abundant natural resources, and a billion chinese hungry to mine australia's metals and minerals. but that's not the whole story. australia's real economic rise dates back to the 1918 and a series of forward-thinking reforms. the government floated its dollar and made the central bank independent. it maintained a budget surplus and kept inflation in check. state-owned firms were privatized, industries deregulated. when the global financial crisis hit in 2008, australia's banks benefited from a more conservative regulated approach. they were not overleveraged, so they weathered t

but it's all in the name of hard-nosed business sense as is a moet et wants to improve ties with australia and new zealand. their top trading partners. watching, duncan kennedy, duncan, an extraordinary decision. >> yes. in may it's taken all this time to plan this but in the moments, is a moet et, instead of being 21 hours behind it is now three hours in front. all because, as you said, they want to turn their attention to the other part of the world and instead of facing america, where they don't do much trade, they are facing new zealand and australia. the problem was because of the huge time difference, they were husing business days. for example, when is a moet ets were at work on friday, everyone else was already out of work on saturday. so is a moet etens were losing business. so the prime minister has now changed things. >> it's not something we are used to. how do they mark or celebrate a missing day? >> well, how do you celebrate a missing day? what they have been doing tonight carrying out a series of prayers and hims and at this moment they are sounding off church bells and sir

australia is demanding lower tariffs on items such as wheat, beef and dairy products. while japan is seeking to protect its farming sector. the two sides have been unable to narrow their differences since the bilateral talks were first started in 2007. farmers in australia are hoping this negotiation can make some headway. >> but when trade barriers like tariffs of 250% are in place, it makes us nearly impossible to compete on an international market. >> the meeting is japan's first round of bilateral trade talks since it announced last month it started discussions on a multilateral trade deal. this is with countries involved in the trans-pacific partnership or tpp. focus is on whether japan can reach an agreement with australia, which is already involved in the tpp talks. >>> as 2011 comes to an end, buddhist temples in japan are freshening up for the new year. year-end cleaning is under way at temples in kyoto. they're beating the dust out of the tatami mats. about 800 people, including buddhist priests participated in the cleaning at a temple. the sound of the clean

australia, the big mining companies down there as well.want to commented on any of the stories you see in the show, peanut butter prices perhaps, get in touch with the whole team on our facebook page, facebook.com/cnnwbt and let us know what you think. that's it for this edition of "world business today." i'm andrew stevens in hong kong. charles, i am informed that you mix your peanut butt terp with marm laed. is that true? >> that's absolutely true. i'm off for a peanut butter sandwich. you're watching cnn, the world's news leader. -- captions by vitac -- www.vitac.com

this was the latest in a series of attacks against indian nationals here in australia. the row when right to the highest levels of government. the prime minister of australia becoming involved. it was a diplomatic standoff for a time. there was a possibility that relations could have been severed. eventually, that was not to be the case. there was also the possibility that indian students would drop off because of that. what has happened now is that the judge has rolled that this was not a racist attack. this young man is now 17 years old, acted spontaneously. this was an opportunistic crime, not a racially motivated one. he said that he should stay in prison for at least 8 years before he is eligible for parole. >> facebook has agreed to improve privacy arrangements for many of its users. the irs data production and permission says the social networking site -- irish data production says the social networking site. facebook ireland is responsible the users outside the u.s. and canada. our next guest explain some of the challenges facebook has with protecting the privac

these are pictures of some of the indian players are arriving in australia. they boarded the plane from india as a world record holder. it was taken over by a teammate. he made an amazing 219 against 240 balls yesterday. >> i wonder if australia will be the place this year? >> melbourne, the 26 of december. it has a certain ring to it. atlet's have a quick look these pictures. the odds of mars being able to support human life is short. nasa says it has found the clearest sign of water flowing of the red planet. that is it. that is the side. people operating the mars rover sought the line costing -- crossing the shadow of the camera. is a well formed metal deposit returned. it is about 45 centimeters long test suggest it could be gypsum. that would be important because it could only be deposited, we are told, by a long time flow of water. maybe there is water there. there is more of that on the website. funding for this presentation is made possible by the freeman foundation of new york, stowe, vermont, and honolulu. newman's own foundation. and union bank. >>

-- match in mel bourne, australia. 282 all out. australia with 27-4 before punting. they lead by 230 with two wickets in hand. they're hoping the last couple of tickets -- >> tomorrow morning will be crucial for us now. he will have to show that for us tomorrow morning and continue to keep pushing the game for word. 230 ahead now. it is a reasonable total. ideally, we would like to make more. >> ironically, two old guard. being australia competitive. >> russell, thank you very much. u.s. military officials say they may yet take disciplinary action over the nato attack which killed 24 pakistani soldiers. it proved disastrous for u.s.- pakistan relations. are pakistan correspondent takes a look back at 12 months in which these two supposed allies -- >> a turbulent year for pakistan-american relations got off to a bad start in january when a cia contractor shot dead two pakistanis at this very junction. there was a diplomatic row. he was taken back to the u.s., instead of facing trial here. that caused outrage across pakistan. fury wa

. >> why don't you do australia? >> australia. let me see.ecause australia -- >> you'll like this. >> australia is in the southern hemisphere, christmas occurs in early summer there. and so therefore, australians spend christmas outside on christmas eve, thousands of people gather for carols by candle light. looks like fun. and they surround themselves with christmas bush, a native plant. santa arrives on a surf board. that sounds like more fun to me. >> that's just not right. that's not right. santa claus on a surf board. >> i like it. >> christmas at the beach. >> i like it. >> we're going to spend christmas in arizona. >> a different kind of christmas. >> maybe i can get rid of this cold. when he started preaching as a toddler. folks said he would grow out of a stage. but 34 years later holly started to him he started as a boy. that is our chicagoland church of the month. ♪ >> bishop hudson, you have an interesting past. you started preaching at, what, the age of 3? is that correct. >> yes, ma'am. >> you were preaching on the playground. >

how did you get here from australia? -- >> jimmy: "neighbours," wait that's a famous show in australia. >> yeah. it's like one of those iconic things like vegemite, "neighbours" -- >> jimmy: yeah, yeah. >> it's been running for like -- >> jimmy: boomerangs, paul hogan, yeah. >> kangaroos. that sort of thing. >> jimmy: but then like, guy pearce is from "neighbours" isn't he? >> everyone, not everyone, but a lot of aussie actors have either done "neighbours" or "home and away," so i did "neighbours." it's like boot camp for aussie actors. >> jimmy: that's hilarious. >> and then i came over here like five days after finishing that. and the pilot season, and then got "pan am." that was in january, got "pan am" in february. so it happened really quickly. and then -- >> jimmy: and oh my gosh, congratulations. >> went to new york in march and started shooting -- >> jimmy: wow that's the way to do it, right? >> mm-hmm. >> jimmy: and you've been using new york to its full capabilities here. i love this -- >> i definitely have. >>

reporting like australia and data are all collapsing so this is now the end of the last harber of growth in those economies china australia canada you know the canadian real estate market vancouver for example is that on the descent so now we're talking about a huge crash in canadian real estate as was predicted on the show well max it's not so cut and dry because two legendary investors who are right now as we speak in a war of words over this issue mark fall for jim rogers clash over china and commodities agree on gold they're actually having a slanging match via the media and on c.n.n. b.b.c. it started with mark robber who said that he was more worried about a chinese economic downturn than reese. session in europe jim rogers responded to that and said mark still does not understand china there are going to be several hard landings in the next few years but china's will be less hard overall than others such as greece and the us he told c.n.n. b.b.c. mark responded saying well he's been wrong on lots of things to rogers well i think if you take the face value of their words of jim rog

this is a suit in australia where a crocodile attacked. the crocodile lost two teeth in his fit of rage. zookeeper's were able to contain its. he seems all right though. you are watching bbc news, and we will bring you the latest from north korea as a funeral begins of the former leader. >> make sense of international news at bbc.com/news. >> funding was made possible by the freeman foundation of new york, stowe, vermont, and honolulu. newman's own foundation. and union bank. >> you are no longer in the service. >> i will do my most. >> all i want is one code name. >> it will take a master spy to catch a spy. >> you have to assume you are watching. >> what are you doing down there? mark >> things are not always what they seem. ericsson tinker, tailor -- >> tinker, tailor,,ated r..

australia's federal government will appeal a court ruling for an extradition. a man is accused of killing people in nazi-occupied germany. can you give us some history? >> let's go back to november, 1944, when charles was a soldier in the german- controlled and berrian army. there is no doubt about that. what happened was when he was stationed in budapest. the tories claim that he and other soldiers dragged a man off of a bus. -- the authorities claim that he and other soldiers dragged a man off of a bus for not wearing his yellow star. they tortured him and beat him to death before throwing his body in the danube. he then immigrated to australia. >> what about the complicated legal maneuverings that still continue in this case? >> it was not until 2005 that the honduran authorities asked the australian authorities asked for extradition. they wanted him back there to question him. fast forward to 2009 and the australian courts to back him and said he could not be extradited because at the crime -- at the time, the crime of war crimes did not exist. today, the a

el sorprendente ecosistema gira todo ahora, vamos a viajar a tasmania una isla en la costa sur de australiande en tasmania y es carnÍvoro los demonios comerÁn cualquier cosa en la que puedan hundir esos dientes asÍ que los pequeÑos animales de tasmania se mantienen fuera de su vista lo que le sirve a esta pequeÑa madre demonio quien se dirige a su madriguera mientras sus crÍos crecen en su saco como verÁn, los demonios de tasmania son marsupiales ¿quÉ es un marsupial? la siguiente es una prueba del sistema de emisiÓn de los marsupiales las seÑales de alerta de que usted puede ser un marsupial son: tu madre tiene un saco en el que te gusta permanecer tienes pelo en tu cuerpo y te gusta la leche vives en australia o en tasmania y tus amigos te llaman zariguaya canguro o hasta numbad en el caso que seas marsupial por favor, ingresa en el saco mÁs cercano y espera a otras instrucciones gracias ahora seguimos con nuestra transmisiÓn regular mientras tanto despuÉs de pasar meses en el saco de su madre dos nuevos demonios estÁn listos para entrar en el mundo tan jÓvenes y ya tienen mal genio bueno

. >> this is a well-known camera guy in australia. he gets these cool, smooth, fluid shots using a steady cam. he's using a kegway, nick. >> this particular day, joe had a little flub, a little mishap. he's here, filming the cricket warmup and watch what happens here. >> whoa! >> watch. >> oh! >> joe ran over one of the keepers' helmets and he bit it. >> he did the whole -- i'm okay, i'm okay. >> that could not have felt good, the steady cam arm just pushing back into his chest. he has the steady cam vest on but it still could not have felt good. >> i think he's much more worried about the camera than his body. >> now the self-serving message, please go to rightthisminute.com. >> dude, come on, rightthisminute.com. >> we're just asking -- >> do the right thing today, rightthisminute.com. we good? then back to the show. >>> do you believe in big-foot? >> yes. no. >> animal planet wants to know the answer and we're previewing the show that's in search of -- >> back wash. >> today is extreme video and now picture steven there. >> i go --

by russia's far east and as the new year started its march across the russia's vast territory australia japan the two koreas china and other countries lit up as midnight passed four hours ago they were ringing in the new year in thailand and vietnam with kazakhstan and nepal and india following minutes later as they use sub time zones there right now in the south pacific is probably.

the fears for the environment in northern australia. a cyclone carries away a train carrying hazardous substances. the duke of edinburgh has left hospital after treatment for a blocked coronary artery. he is 90. he spent four nights there. he smiled and he waved as he was driven away from the hospital. he missed the royal family christmas celebrations. >> it had been a moment of real anxiety on friday when hannity had been the admitted to the hospital. -- when he had been it committed to the hospital. he left with a wave and feeling very cheerful according to's officials that were with him. he headed by road tuesday the state to rejoin the queen and the rest of the family. it will be much to their relief and his that he will be able to join them. we don't know if he has gone home with an explicit advice from the doctors to adjust his workload. he remains remarkably active for someone in his 90's. he pursues many interests of his own, carriage driving for one thing. by far and away his most important thing is to support the queen. his pr

pequeÑos una vez mÁs viajamos por el globo terrestre por amÉrica del norte y sudamÉrica África, asia australiaares fascinantes de estos continentes conocimos toda clase de animales increÍbles

in new zealand and australia.we can now have five workings days a week to continue and sustain our economic and commercial contacts with our business partners in new zealand, and australia, china and japan. presently before the change, we only have four working days out of seven days a week." week."samoa last switched sides of the dateline in 18-92 to better work witt california and other american trade partners. reeord books... when it comes to safe airline travel. according to the wall stteet journal... commercial flights 7-point-one million travelers worldwide.the previous record was set in 2004... with one death per 6-point-4 million passengees. hundreds of military men and women are back home this morning.. 3--clapping--- --clapping--- at b-w-i several peeple lined up to greet more than 200 soldiers returning from service.from the army to airforce... they've been deployed across the world... some serving in iraq. 3 "we get your commericals overseas...and i know years ago it wasn't like this so it's very aweso

but one of the most unusual of all river creatures is the duck-billed platypus of australia.artin: so, what do you think this cute creature eats? crayfish. chris: platypus search among the rocky bottom looking for crayfish to eat, then they gobble them down with their bill-like mouths. race you, chris. first one to catch a crayfish, platypus, wins.

coming up later, fears mount over a toxic chemical leak in northern australia as a freight train is swept off a bridge in a tropical cyclone. the only way is up. the giant outdoor escalator transforming lives in north columbia's poorest neighborhoods. -- columbia -- colombia's porous neighborhoods. hello and welcome. final preparations are underway for the state funeral of kim jong il, which is due to start soon. north koreans continue public mourning. the body of the leader is expected to be driven through p'yongyang. state television usually features nothing but positive reports on what the regime has been doing. lucy williamson reports from south korea that the broadcasts have taken on an almost supernatural tone. >> north koreans are used to hyperbole in the nightly news, beginning every night with a song about the magical qualities of their leader's birthplace, the hospital he was said to be going, and the mountain where it stands. since his death, strange natural phenomena appeared to have increased across the country. in the past week, north koreans have reportedly seen a giant lik

the red kangaroo of australia. oh, yeah! announcer: have you heard the news? something's cooking! "arthur's" on pbs kids go! what? that's a great idea! now we can party all night! watch "arthur" weekdays on pbs kids go! or watch anytime you want at pbskidsgo.org. wild kratts is made possible by announcer: at abcmouse.com, we believe in letting imagination run wild. abcmouse.com early learning academy. proud supporter of pbs kids and wild kratts.

but one of the most unusual of all river creatures is the duck-billed platypus of australia.

roedor gigante una vez mÁs viajamos por el mundo desde norte y sudamÉrica hasta África de asia a australiaensacional aquÍ en "reino animal" locutor: bienvenidos a "reino animal" acompÁÑenos, visitaremos el mundo animal y exploraremos sus vidas animales de la jungla y criaturas del desierto veremos la vida salvaje en la sabana veremos a nuestros amigos acuÁticos y a los animales del cÍrculo Ártico en el mundo, en todas partes donde haya animales siempre hay una aventura "reino animal" hoy en "reino animal" abriremos nuestras alas levantaremos el vuelo y descenderemos del cielo con unos maravillosos animales alados que parecen tomar sus colores, directamente de la cima del arco iris en el reino animal el pelaje y el color de la piel a menudo son poco llamativos por el bien del camuflaje el pelaje puede tener diseÑos con manchas escarapelas o algo incluso mÁs dramatico la piel puede ser gris casi por completo de un verde decorativo o incluso, un azul no me olvides aunque el gris metÁlico es un color genial para el agua los arrecifes de coral en aguas templadas explotan con color hay peces col

. >> reporter: the company called stratfor from australia, texas, helps clients shield themselves from risk. tonight it's scrambling to protect itself. its website now contains only a brief statement that it's, quote, undergoing maintenance. hackers from anonymous claim they stole thousands of credit card numbers and other personal information from the company and used it to make donations to charity. some were corporate and government clients but individual subscribers to stratfor were also among the victims including this former employee of the texas department of banking. >> in this instance they are taking from individuals. they could have ruined our christmas. they could have ruined our lives. >> reporter: he said the hackers tried to steal $700 from his account, giving $200 to the red cross. in a statement the group said there is, quote, plenty more havoc in store for the week and calls for the release of bradley manning accused of passing on thousands of classified government documents to wikileaks which anonymous has sought to aid in the past. >> the lesson is for companies wit

since 2008, sean has taken eharmony into the uk, australia and brazilian markets..5 million users signing up in search of love. >> going local. >> reporter: sean believes his experience will interest many of the listeners here. in his eyes, he has a product that everyone can relate to. >> be very aware when you enter other markets beyond your own country. if you think it's going to be hard, multiply that by three or five times. >> reporter: next week on "the boss," letting go and moving on. sara and steve tell us why they're ready for a change. that's next week on "the boss." . >>> buy it, sell it, love it. christmas is a time for giving and ebay gave one festive auction item the heave-ho after it broke the company's rules. the item in question was a date with virgin mary, a boxing ring girl dressed in the sort of attire that would have all of bethlehem blushing. ebay objected to this advertisement on the grounds of adult content. the company responsible for placing it, dating service beautifulpeople.com instead decided to transfer the action to its own site. judgi

in atlanta he was my congressman for too many years i can understand well they may reject him in australia ninety eight percent of say the same is true by the way with rick perry who which is also not allowed. to be on that ballot so pretty much you're only left with mitt romney and ron paul on the big republican primary that will take place on super tuesday right and a lot of this this legislation that limits the number of people who can vote or reduces the vote overall came out of the american legislative exchange council alec which is heavily funded by the koch brothers in australia by contrast ninety eight percent of the people vote here it's about half why do the koch brothers and other right wing fund efforts to make it harder to vote. well you know in australia of course there's mandatory voting that's why the figure is not only a percentage turn out there but yeah but no back here look they know the republicans know that it's easy to disenfranchise democratic voters across the board minority voters student voters elderly voters by putting in place these photo id restrictions at the

people in blood of all stuck and sucked eileen go down raised a glass or two at the same time as australia after that two thousand and twelve made its way through russia siberia and the cities of cheap. and the countries of papa new guinea and you belong next with a champagne toast with the residents of the russian city who fall in the same time joan zone as japan and the koreas then three hours ago new years came to the cities of crowded out skin concealed along with china singapore malaysia and the philippines as two thousand and twelve continued to march across siberia it reached such cities as homesick and noble cbs its residents celebrating along with thailand and vietnam next midnight reached the cities of yet fifteen of berg and peons just an hour before muscovites celebrated the beginning of two thousand and twelve. and thousands were angry at the results of. russia's a parliamentary election results but this year's new year elections will take place in the race for russia's top job is on let's discuss it now with our karen the current chair hello karen and well happy new year to y

it got this australia troops deal which is effectively a base in australia, and it got itself invitedan summit and obama attended it. it struck me as fairly deficit and having long potential consequences of keeping the united states permanently anchored in asia. >> i think that's right. we came in saying that we want to be very clearly engaged in asia. we have to focus on the middle east, but we can't focus on the middle east at the expense of asia. i think something people haven't focused enough on, it's not just being in asia. it's being engaged in asia through a strong regional organization. so if you think about what we've done in terms of building the arab league and pushing for that, in the middle east, with the african union, our policy is not just to be present but to build a regional organization like the east asia summit so there's a mechanism for every region in the country to have a voice. it's not just us bilaterally with the koreans or chinese or japanese, it's us with send asean nations, russia, india, china, korea, and japan. so that regional dimension is very importan