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.
Australian Treasurer Wayne Swan was named Euromoney magazine’s finance minister of the year for helping navigate the nation’s economy through the 2009 global downturn, receiving an award only former Prime Minister Paul Keating has matched among his countrymen.
Vicki Dowler comes from a family that’s backed Labor for decades as the party of the working class in Western Sydney. Her plans to defect at the next election show the work remaining for Labor to revive its prospects after ditching former Prime Minister Julia Gillard.
Chris Niccol grows about 18 hectares of red wine grapes at his farm in Badgerys Creek, about 30 miles (48 kilometers) west of Sydney. The vineyard may disappear under tarmac if plans to build an airport at the site go ahead.
Tony Abbott had learned to box only a few months before that night in 1982 when he climbed into the ring for the deciding bout in the Oxford-versus-Cambridge annual collegiate boxing contest. And he faced a taller opponent with a longer reach.
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.
Australian Prime Minister Julia Gillard began a five-day visit to the key election battleground of western Sydney, her Labor party’s traditional stronghold that surveys indicate wants a change of government.