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.
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 Tony Abbott will need to negotiate with a clutch of small parties to get his legislative agenda through parliament from mid-2014 after final counting showed them holding the balance of power in the Senate.
David Leyonhjelm realized he could win an Australian Senate seat when his small Liberal Democratic Party scored the plum spot for the Sept. 7 election -- the top, left-hand corner of the ballot sheet in New South Wales state.