On a chiko roll: The end of a mining boom leaves Australia’s economy surprisingly intact

Posted: March 10, 2017 in economy
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The end of a mining boom leaves the economy surprisingly intact

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On a chiko roll

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Australia’s economy

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Quantum leaps

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On a chiko roll

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CHARTERS TOWERS

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A GOLD rush in the late 19th century so enriched Charters Towers, an outback town in the state of Queensland, that it opened its own stock exchange. Trading ceased long ago. But the grand building still stands, its barrel-vaulted portico supported by eight slim pillars. Over a century later, Queensland is reeling from the demise of another mining boom. “There was a perception it would go on forever,” says Liz Schmidt, mayor of Charters Towers. But unlike so many other booms, this one has not …

via Economic Crisis http://ift.tt/2nkVRqF

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