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About Australia

     The Commonwealth of Australia is a country in the southern hemisphere comprising the mainland of the world's smallest continent, the major island of Tasmania and a number of other islands in the Indian, Pacific and Southern Oceans. The neighbouring countries are Indonesia, East Timor and Papua New Guinea to the north, the Solomon Islands, Vanuatu and New Caledonia to the north-east, and New Zealand to the south-east.

     The Australian mainland has been inhabited for more than 42,000 years by Indigenous Australians. After sporadic visits by fishermen from the north and by European explorers and merchants starting in the 17th century, the eastern half of Australia was claimed by the British in 1770 and initially settled through penal transportation as part of the colony of New South Wales, commencing on 26 January 1788. As the population grew and new areas were explored, another five largely self-governing Crown Colonies were established during the 19th century.

     On 1 January 1901, the six colonies became a federation, and the Commonwealth of Australia was formed. Since federation, Australia has maintained a stable liberal democratic political system and remains a Commonwealth Realm. The capital city is Canberra, located in the Australian Capital Territory. The population is 21 million, and is concentrated in the mainland state capitals of Sydney, Melbourne, Brisbane, Perth, and Adelaide.

    Australia has a prosperous, Western-style mixed economy, with a per capita GDP slightly higher than those of the UK, Germany and France in terms of purchasing power parity. The country was ranked third in the United Nations' 2006 Human Development Index and sixth in The Economist worldwide quality-of-life index 2005. The absence of an export-oriented manufacturing industry has been considered a key weakness of the Australian economy. More recently, rising prices for Australia's commodity exports and increasing tourism have made this criticism less relevant. Nevertheless, Australia has the world's fourth largest current account deficit in absolute terms (in relative terms it is more than 7% of GDP). This is considered problematic by some economists, especially as it has coincided with the high terms of trade and low interest rates that make the cost of servicing the foreign debt low.

     The Hawke Government started the process of economic reform by floating the Australian dollar in 1983, and partially deregulating the financial system. The Howard government has continued the process of microeconomic reform, including a partial deregulation of the labour market and the privatisation of state-owned businesses, most notably in the telecommunications industry. The indirect tax system was substantially reformed in July 2000 with the introduction of a 10% Goods and Services Tax, which has slightly reduced the heavy reliance on personal and company income tax that characterises Australia's tax system.

About Connecticut

     Connecticut is a state located in the New England region of the northeastern United States of America. Southwestern Connecticut is also considered part of the New York metropolitan area. Connecticut is the 29th most populous state with 3.4 million residents and ranked 48th in size by area, making it the 4th most densely populated state. Called the "Constitution State," Connecticut has a long history dating from the early colonial times, and was influential in the development of early American government.

     While Connecticut's first European settlers were Dutch, the first major settlements were established in the 1630s by the English. Thomas Hooker led a band of followers overland from the Massachusetts Bay colony and founded what would become the Connecticut Colony; other settlers from Massachusetts founded the Saybrook Colony and the New Haven Colony. Both the Connecticut and New Haven Colonies established documents of Fundamental Orders, considered the first constitutions in North America. In 1662, the disparate colonies merged under a royal charter, making Connecticut a crown colony. This colony was one of the Thirteen Colonies that revolted against British rule in the American Revolution.

     Connecticut enjoys a temperate climate thanks to its long coastline on the Long Island Sound. This has given the state a strong maritime tradition. Modern Connecticut is also known for its wealth. In the 18th and 19th centuries, Connecticut had ready access to raw materials which helped to develop a strong manufacturing industry. In the 19th and 20th centuries, financial organizations flourished: first insurance companies in Hartford, then hedge funds along the Gold Coast. This prosperity has helped give Connecticut the highest per capita income and median household income in the country.

     Connecticut is bordered on the south by Long Island Sound, on the west by New York State, on the north by Massachusetts, and on the east by Rhode Island. The state capital is Hartford, and the other major cities include New Haven, New London, New Britain, Norwich, Milford, Norwalk, Stamford, Waterbury, Danbury and Bridgeport. There are 169 incorporated towns in Connecticut. There is an ongoing civic pride and economic competition between Hartford and New Haven,which stems back to the days when the two cities shared the state's capital, and even back to the rivalry between New Haven Colony and Connecticut Colony.