Architects of the float of Australia’s dollar, trading at a similar level to when exchange controls were lifted 30 years ago, say the currency must devalue and economic reform be renewed to avert a recession.
Julia Gillard saw herself as equal to men years before becoming the first woman to lead Australia. As a teenager she forced her high school to abandon the practice of putting more girls than boys at work cleaning the school and demanded the job be shared equitably.
Julia Gillard staged a political coup in June 2010 to become Australia’s prime minister and clung to power two months later, assembling a one-seat majority after the closest election since 1940. Her biggest leadership test may come next week.
Australia’s currency reached parity with the U.S. dollar for the first time since exchange controls ended in 1983 as the biggest mining boom in a century and U.S. stimulus prospects spurred demand for the nation’s assets.
Chris Bowen, a key backer of returned Prime Minister Kevin Rudd, was sworn in as Australia’s third treasurer in 17 years and faces the challenge of reviving a slowing economy as a mining-investment boom wanes.
Looking out over aging warehouses in Unanderra, two hours' drive south of Sydney, 61-year-old Tom Folino-Gallo curses the strength of the Australian dollar as truck horns blare support for picketers at a nearby factory.
Australian Prime Minister Kevin Rudd says his Labor Party can win an election in less than a week even as a fresh national poll signals voters are set to elect Liberal-National leader Tony Abbott with a clear majority.