The party’s over for Kevin Rudd. He’s no longer Prime Minister. In his place is Julia Gillard, Australia’s first female Prime Minister. So just what went wrong for Rudd? Why did his popularity and support implode in such spectacular style? Largely it was a matter of untrammeled hubris. In a sense he was a victim of his [...]
Concerned industry leaders believe that an information vacuum is creating unnecessary worry and the Rudd government should now reveal the information that informed their decision to announce a $10.4 billion economic stimulus package. The failure of the government to release this information invites skepticism and suspicion about the real motives behind the package.
Kevin Rudd is at his populist best in tarring Australian banking executives with the same brush as their free-wheeling US counterparts. There are no indications to this point that any of the Australian banks are at risk of failure despite international problems with liquidity; and yet that hasn’t stopped Rudd calling for a cap on [...]
A second after finding out Australia is in economic hot water Prime Minister Kevin Rudd is taking steps to ensure the fires of industry are stoked under the Chinese economy. His goal? To make sure that China continues to buy Australian exports. Rather than looking for sustainable strategies for the creation of jobs in Australia [...]
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