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This website is in imminent danger of being shut down. It has been online since 1995, but the personal circumstances of the owner, Malcolm Farnsworth, are such that economies have to be made. Server costs and suchlike have become prohibitive. At the urging of people online, I have agreed to see if Patreon provides a solution. More information is available at the Patreon website. If you are able to contribute even $1.00/month to keep the site running, please click the Patreon button below.


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ALP Pledges To Keep Qantas Australian; Says Jobs Will Be Lost Under Government Plan

The Federal Opposition will oppose the Abbott government’s plan to repeal Section 3 of the Qantas Sale Act.

Speaking at a press conference in Canberra tonight, Opposition Leader Bill Shorten, Infrastructure and Transport spokesman Anthony Albanese and Shadow Treasurer Chris Bowen said the “Australian icon” and jobs would be lost offshore. [Read more…]


Opposition Reacts To MYEFO; Claims Hockey Is Softening Up Electorate For Budget Cuts

Shadow Treasurer Chris Bowen and Shadow Finance Minister Tony Burke have responded to the government’s release of the Mid-Year Economic and Fiscal Outlook.

Bowen said that MYEFO showed that $10.2 billion of the $17 billion blowout in this year’s deficit is down to decisions taken by the government since the election. The major component of this is a payment of $8.8 billion to the Reserve Bank to bolster its reserves.

Bowen

Bowen said: “Joe Hockey is softening up the Australian people. He’s preparing the ground for deep and brutal cuts come Budget time, cuts to come which will affect every Australian.”

Tony Burke said that the government had added $167 million a day to Australia’s deficit since the September election. [Read more…]


Greens And Palmer Back GrainCorp Decision; ALP Says Hockey Acts In The Nationals Interest

Treasurer Joe Hockey’s decision to block the ADM takeover of GrainCorp has met with approval from the Greens and Clive Palmer but has been criticised by the ALP as an attack on foreign investment and a capitulation to The Nationals.

Shadow Treasurer Chris Bowen said Hockey had failed his first big test of credibility as Treasurer. He said Hockey had acted not in the national interest but in the interests of The Nationals. “Hockey can be bullied afterall,” Bowen said. [Read more…]


Kevin Rudd Resigns From Parliament

Kevin Rudd has announced to the House of Representatives that he is resigning his seat of Griffith immediately.

Rudd

Rudd made a 15-minute statement to the House just after 8pm tonight. Towards the end of his sometimes tearful speech, he urged parliamentarians “to be gentle with each other”. He concluded with one more iteration of “got to zip”.

Fulsome tributes were then paid by Prime Minister Tony Abbott and Opposition Leader Bill Shorten. Remarks were also made by Joe Hockey, Anthony Albanese, Christopher Pyne, Chris Bowen, Malcolm Turnbull, Tanya Plibersek and Bronwyn Bishop. [Read more…]


Bill Shorten Elected ALP Leader

Bill Shorten has been elected leader of the A.L.P.

The result has just been announced, following a Caucus meeting in Canberra.

Shorten won 55 votes to 31 in the Caucus ballot (63.95%) and 40.08% of the membership vote, an overall win of 52.02%.

Shorten polled 12,196 membership votes to Albanese’s 18,230. The ALP says the turnout of 39,426 party members was 74% of those eligible. [Read more…]


Morrison Confirms ‘Tactical’ Secrecy On Turning Back Asylum-Seeker Boats

The Minister for Immigration, Scott Morrison, has confirmed that the government will not let the media know if asylum-seeker boats have been turned back to Indonesia.

Morrison

Speaking at his first news conference since taking office, Morrison said the government was not in the business of providing “shipping news” to people smugglers.

Morrison appeared with Lieutenant General Angus Campbell, the Commander of Operation Sovereign Borders. Campbell said 33 people had arrived on one boat since the government took office on September 18. [Read more…]


Albanese Enters Contest For ALP Leadership; Rank And File Ballot In Coming Weeks

Anthony Albanese has told the Federal ALP Caucus that he will nominate for the position of leader.

The ALP will now hold a historic ballot of rank and file party members who will be asked to choose between Albanese, Bill Shorten and any other contender who nominates in the next week.

The Treasurer in the outgoing government, Chris Bowen, will be interim leader of the party whilst the ballot is held over the next month. Bowen spoke to the media after the Caucus meeting to announce the ballot. [Read more…]


Government Humiliated By Treasury And PBO On Coalition Costings

The Rudd government was humiliated today by the Parliamentary Budget Office, the Treasury and the Finance Department, after it levelled allegations at the Coalition over its election policy costings.

All three organisations issued public statements that challenged claims made earlier in the day by Prime Minister Rudd, Treasurer Bowen and Finance Minister Wong. The ministers released confidential minutes from Treasury, Finance and PBO and claimed there was a $10 billion dollar “black hole” in the Coalition’s costings.

Treasury, Finance and the PBO released statements which effectively disowned the figures. It was a major assertion of public service integrity during the caretaker period of an election campaign. [Read more…]


Bowen And Hockey Debate The Economy At National Press Club

Treasurer Chris Bowen and Shadow Treasurer Joe Hockey have debated the economy at the National Press Club today.

With just ten days until the September 7 election, Bowen and Hockey traversed much-travelled ground on the budget deficit, the national debt and the Opposition’s policy costings.

  • Listen to the Bowen-Hockey debate (59m)

[Read more…]


Bowen And Hockey Spar Over Interest Rate Decision

The Treasurer, Chris Bowen, has defended today’s interest rate decision by the Reserve Bank, whilst the shadow Treasurer, Joe Hockey, says the economy is weakening.

At a press conference following the Bank’s decision to cut the cash rate by 25 basis points to 2.5%, Bowen said lower interest rates contributed to lower living costs for Australians, particularly in housing. [Read more…]