New government
Politics | (1)
There has been a change of Government in Australia today. The polls were right, the Labour Party had it in the bag. John Howard has resigned. Long live Kevin Rudd.
Australia has enjoyed an economic boom during Howard's ten years in power. Personal wealth in Australia has grown higher relative to most of the rest of the countries in the world.
This boom has been largely driven demand from China and other countries for Australia's raw materials, of which there are plenty.
Labour is entering power at a very uncertain time. The sub-prime crisis combined with disruption in the Middle East, changing global hierachies and the threat ...