Word: australia
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...flush. Crucially, though, they have learned a basic - and expensive - lesson about investing abroad. As a result, the 'Go Out' strategy has been tweaked. It might now be better called the 'Buy Low' campaign, and in one of the markets that Beijing has long had in its strategic sights - Australia's vast metals and minerals industry - it is now unfolding. (See pictures from the Beijing Olympics...
...Because both Chinalco and Minmetals are state-owned companies, the deals face significant regulatory scrutiny in Australia, but are likely to go through with few major problems. Kevin Rudd, the prime minister, is a fluent Mandarin speaker who had made it clear that solid ties to Beijing are among his top priorities. And with the mining industry now flat on its back as the global recession deepens, it's unlikely Canberra will go out of its way to insult the only people around who have some money left in their pockets - and the willingness to spend...
...This is the third aquatic documentary Howard Hall has directed for Imax, after Deep Sea 3-D and Into the Deep 3-D. Shot mostly in coral reefs around Indonesia and Australia, this one required lugging enormous equipment (total weight: 8,000 lb.) about in boats and logging vast numbers of hours under the sea for a mere 40 minutes of screen time. But the brevity of the film, and the spectacular oddness of the creatures, leave you - and, perhaps more crucially, your children - wanting more. Awww moments, the tentpoles of so many nature documentaries, are mostly reserved...
...energy-intensive sprawl growing throughout the emirate. And while Masdar City promises to use the greenest technologies on the market, that won't make it livable. "It looks a bit like a prison to me," says Steffen Lehmann, an urban-design professor at the University of Newcastle in Australia who spoke at WFES. "It's going to be a 1% token-green enclave, while the rest of [Abu Dhabi] goes about business as usual...
...Australia Engulfed in Flames With no mandatory evacuation system in place, the deadliest wildfires in Australia's history have killed at least 181 people and destroyed more than 750 homes. Some 1,100 sq. mi. (2,850 sq km) have burned. Authorities say at least one of the fires, which began near Melbourne on Feb. 7, was arson. Prime Minister Kevin Rudd called the act "mass murder...