Archives for November 2010

Brumby Concedes Defeat; Baillieu Premier of New Coalition Government in Victoria

5.45pm – The Victorian Premier, John Brumby, conceded defeat in the state election this afternoon, bringing to an end 11 years of Labor government.

John Brumby concedes defeat in the 2010 Victorian election

John Brumby concedes defeat

Further counting in Bentleigh today saw the Liberal candidate’s lead stretch to 460 votes. Labor’s lead in Ballarat East narrowed to 166 votes. Counting of pre-poll votes in other seats produced no significant change, ensuring Ted Baillieu of 45 seats in the Legislative Assembly. Labor will have 43.

Brumby delivered a 23 minute speech to journalists and members of his Cabinet. He said he had telephoned the Liberal leader to congratulate him. Baillieu was due to see the Governor at 6.30pm. [Read more…]


Brumby Maintains Tied Result Most Likely; Opposition Says It’s Ready To Govern

6.00pm

Following counting of pre-poll votes in Bentleigh late this afternoon, the Liberal Party’s candidate, Elizabeth Miller, leads the ALP’s Rob Hudson by 423 votes.

Most observers now agree that the coalition has won 45 seats in the Legislative Assembly and is able to form a government with a one-seat majority.

It is unlikely that Brumby will concede defeat until late tomorrow after counting of pre-poll votes in other seats.

2.00pm

The Victorian Premier, John Brumby, maintains that the most likely outcome of the election is a tied result, 44 seats each for the ALP and coalition. [Read more…]


Brumby Government Brought To Brink Of Defeat In Victoria

6.2% Primary Swing Against Labor; Coalition Has 44 Seats; All Roads Lead To Bentleigh

1.00am – The Brumby Labor government has failed to secure re-election to a fourth term in Victoria.

After a 6.2% swing against Labor on primary votes, the government has lost 11 seats to the Liberal Party. These are: Forest Hill, Gembrook, Mount Waverley, Seymour, Burwood, Frankston, South Barwon, Mitcham, Prahran, Mordialloc and Carrum.

John Brumby speaks to supporters last night

John Brumby speaks to supporters last night

The Coalition has also won Gippsland East from the independent Craig Ingram, bringing their total to 44 seats, equal with the ALP.

As counting ended for the night, only the Labor seat of Bentleigh remained in serious doubt. The Victorian Electoral Commission website has the Liberal candidate ahead by 213 votes, whereas the ABC website says the lead is 624 votes.

If the Labor Party holds Bentleigh, the Parliament will be evenly divided. If the Liberals win it, the Coalition will win the election 45-43. After providing a Speaker, the Coalition would be able to govern with a one-seat majority. [Read more…]


RBA Governor’s Statement to House Economics Committee

This is the text of the opening statement to the House of Representatives Standing Committee on Economics by Glenn Stevens, Governor of the Reserve Bank.

When we last met with the Committee in February this year, it was becoming clear that the recovery in the global economy was proceeding faster than many had expected. It was also clear that the strongest performance was in the emerging world, while recoveries in countries that had been at the centre of the financial events of 2007 and 2008 were relatively subdued. Global financial markets had continued to improve, but were paying close attention to the rise in sovereign debt in a number of countries.

At that time, people were talking about an expansion in global GDP of something like 4 per cent in 2010. As it turns out, it looks like the outcome will be stronger than that: current estimates for the year are about 4¾ per cent, which is above trend. The pattern of growth is still rather uneven. The additional strength has been concentrated in the emerging countries, with growth in China and India running at a pace of around 10 per cent in 2010. In contrast, growth of about 2½ per cent for the G7 group, after a contraction of around 3½ per cent in 2009, will leave a considerable margin of spare capacity and particularly of unemployed labour. [Read more…]


Lindsay Tanner in Conversation with George Megalogenis

The former Finance Minister, Lindsay Tanner, in a rare public appearance since his retirement from politics, has discussed recent political events.

Tanner was appearing at the Wheeler Centre with George Megalogenis, author of the latest Quarterly Essay, Trivial Pursuit. [Read more…]


History Is Written By The Winners

This time last year, Kevin Rudd still had seven months left as Prime Minister and Malcolm Turnbull had nearly a fortnight before he lost the Liberal leadership.

Rudd-GillardA lot has happened since.

By any measure, it has been a big political year. The rise of Tony Abbott and the dumping of Rudd book-end a remarkable period in Australian politics. The ascent of Julia Gillard is a mere five months old. The inconclusive election that produced a minority government took place just three months ago this weekend.

It is surely too soon to write the definitive history of this period but it’s being written anyway.

One account, “The Party Thieves”, has been written by the ABC’s Barrie Cassidy. Another, “Confessions of a Faceless Man”, has been penned in diary form by Paul Howes, head of the Australian Workers’ Union.

There’s remarkable agreement between these two about what happened. [Read more…]


House of Representatives Debates Gay Marriage Resolution

An impressive debate began in the House of Representatives tonight on a motion by the Greens member, Adam Bandt, calling on parliamentarians to gauge their constituents’ views on the issue of marriage equality.

Bandt’s motion reads:

That this House:

(1) notes there is:

(a) a growing list of countries that allow same-sex couples to marry including the Netherlands, Belgium, Norway, SPain, Canada and South Africa; and

(b) widespread support for equal marriage in the Australian community; and

(2) calls on all parliamentarians to gauge their constituents’ views on the issue of marriage equality.

Speaking to the motion, Bandt said, “there have been many attempts through history to limit love and all have failed”. The text of his speech is at the end of this page. [Read more…]