Sunday, May 10, 2015

Ghetto Destiny for Sydney Winner Takes it All

Mankind has searched for answers to life’s great questions for thousands of years -- perhaps since the times of the Babylonian philosopher Ptahhotep in 2880 BCE -- and we’ve passed down our learnings through dialogues, epic poems, essays and other texts. (Shout out to Confucius, Aristotle, Montaigne and Imrich!)

Sydney appeared to be experiencing a "ghettoisation" effect, an associate professor at the Melbourne Institute of Applied Economic and Social Research, Roger Wilkins, said.

"Sydney is notorious for being a bit more segregated by postcode than some other cities, like Melbourne."
Sydney is turning into ghetto as-poor are trapped by fewer jobs and housing crises

Credit Suisse is forecasting $60 billion in new Chinese investment in Australia's housing market over the next six years, more than double the $28 billion deluge of the past six years.
One question is: how much of this is "clean" money? The likely introduction of further money laundering legislation may crimp the flow of Chinese funds. More broadly, it threatens to impose enormous costs on small businesses already foundering under a mountain of compliance paperwork.
Money laundering using real estate in Australia

Female witnesses in the case told the Court they were offered upfront payments of up to $4000 plus an ongoing $250 per week to marry Indian men whom they'd never met