Australia’s Gross Domestic Product (GDP) declined by 0.5% in the December quarter, according to the latest National Accounts figures.
The 0.5% contraction was lower than most commentators had predicted. Two consecutive quarters of contraction (illogicially known as “negative growth”) is defined as a recession.
Speaking in Canberra today, Treasurer Wayne Swan said the decline was to [...]
A 90-minute ceremony has taken place at the Rod Laver Arena in Melbourne, as part of the National Day of Mourning for victims of the February 7 bushfires.
Kevin Rudd, John Brumby, Malcolm Turnbull and Ted Baillieu were the major political figures at the service which was also attended by representatives of religious groups. The [...]
The House of Representatives was the scene today of a moving condolence motion for victims of the Black Saturday bushfires in Victoria.
The Prime Minister, Kevin Rudd, was not in attendance, having stayed in Melbourne, but his deputy, Julia Gillard, visibly affected, gave a magnificent speech to a silent chamber. She was followed by the [...]