Former Australian Prime Minister Julia Gillard is leading a global campaign to raise $3.5 billion by 2018 to support basic schooling in developing nations in homage to her father, who was denied an education in his Welsh coal-mining village.
Three of Australia’s foremost market economists -- with a century of experience between them -- are defying their peers and traders’ bets by predicting the central bank will be forced to resume cutting interest rates.
The seeds of Julia Gillard’s demise were sown the night she became Australia’s first female leader in June 2010. Just days after vowing not to challenge Kevin Rudd, the deputy leader ousted him in a backroom party coup.
Australia’s first female prime minister, assailed by media outlets owned by Rupert Murdoch’s News Ltd., which controls 70 percent of newspapers in the country, said her government’s inquiry into the news industry won’t result in any change in ownership.
Keith Darley, a 34-year-old electrician, hears from the government that Australia is the envy of the developed world. Yet the father of two, who employed 22 people a year ago, now works alone and says he’ll be voting against Prime Minister Julia Gillard in the Sept. 14 election.