Australia's Two Speed Economy

The Reserve Bank of Australia has released its quarterly statement on monetary policy and economic conditions. In it they note that the resource sector is indeed booming, as

it is likely that over the next year the level of business investment in the economy
will reach its highest level, relative to GDP, in at least half a century.

The report also goes on to say about the rest of the economy:

Israeli Strike on Iran Appears Ever More Likely

In a recent interview for NBC quoted by Reuters, Obama says

I don't think that Israel has made a decision on what they need to do. I think they, like us, believe that Iran has to stand down on its nuclear weapons program.

What he does not say, however, is that the US would be against such an attack. He appears to leave the diplomatic door completely open for Israel to do as they see fit to protect their national security. The timing
of Netanyahu's statement that

In such a region, the only thing that ensures our existence, security and prosperity is our strength

as quoted by Bloomberg is certainly no coincidence. Overall it looks ever more likely that Israel will resort to military action against Iran, barring a breakthrough in the talks on Iran's nuclear program.