Swan Lauds Australia’s Economic Reforms

The Treasurer, Wayne Swan, has lauded Australia’s economic reforms of recent years in a speech to the Brookings Institution in Washington DC.

Swan said: “Over the past 25 years, Australia has done much to liberalise the financial sector.  But in doing so we were careful to develop a model that regulated systemically important institutions and that centralised regulation of deposit taking institutions.  In doing so we ensured clear responsibilities within our system.  This meant we were better placed than most to respond when the crisis emerged.” [Read more…]


Kennedy Says Iraq Is Bush’s Vietnam: “This Country Needs A New President”

This is the text of a speech delivered at the Brookings Institution by Senator Edward Kennedy (Democrat, Massachusetts).

Text of speech by Senator Edward Kennedy to the Brookings Institution.

KennedyThank you, Tom for that generous introduction. The Brookings Institution is consistently at the forefront of debate on the great issues in both foreign and domestic policy, and it’s a privilege to be with you today.

In our open society, it is essential to distinguish vigorous debate over honest differences of opinion from the repeated use of false and misleading arguments to persuade the American people. Integrity is the lifeblood of democracy. Deceit is a poison in its veins. [Read more…]