Can You Help?

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.

Become a Patron!

The Good Fight: Wayne Swan Launches Memoirs Of The Rudd-Gillard Years

The Good Fight, the memoirs of Wayne Swan, Treasurer in the Rudd and Gillard governments, has been launched in Canberra.


The ALP’s deputy leader and Gillard supporter, Tanya Plibersek, spoke at the launch.

In his speech, Swan concentrated on the work he undertook during the global financial crisis in 2008-09. He said it was now possible to contemplate the Abbott administration as a one-term government. [Read more…]

Former Prime Minister’s Primary School GFC Lesson

Former Prime Minister Kevin Rudd delivers a lesson on how his government tackled the global financial crisis in this video of his appearance at Wellers Hill State School in Brisbane.

The relevant section begins around the two-minute mark.

Global Resolve: Wayne Swan on Economic Policy

The Treasurer, Wayne Swan, has outlined Australia’s economic policy, the nation’s role in Asia, and the challenges of the global economy, in a speech to the Harvard Club of New York.

The speech follows Swan’s acceptance of the Finance Minister of the Year award from Euromoney magazine.

This is the transcript of Wayne Swan’s speech to the Harvard Club of New York.

That was a very kind introduction and a very warm welcome, and I want to thank you for having me here.

Harvard has made such an extraordinary contribution to the advancement of economic policy around the world so it’s an honour to be here to address you today.

It’s great to be in New York again, the capital city of the free world.

It’s a tragedy that the remarkable history of this city and the fond memories of it so many people carry are stained of course by two history-altering events, both marked this month.

The first was commemorated 15 days ago, a full decade after the fall of two towers brought death and destruction and beyond that a dramatic escalation of a war our nations still fight together today.

The second was quietly remembered just four days later – three years since Lehman’s collapse pushed the global economy off a cliff, towards the greatest synchronised downturn since the Great Depression. [Read more…]

Stimulus Package: PM Kevin Rudd Address To The Nation

Prime Minister Kevin Rudd has delivered an Address to the Nation, following the announcement of the government’s second stimulus package.

Rudd and Treasurer Wayne Swan today announced a $42 million package of measures in response to the global financial crisis. The measures include a one-off $950 cash bonus to individuals. A home insulation program will be introduced, as will a program of new and upgraded buildings in schools, to be called Building the Education Revolution. There will be a black spots, boom gates, regional roads and community infrastructure program.

  • Listen to Rudd’s Address to the Nation (4m)

Transcript of Prime Minister Kevin Rudd’s Address to the Nation.

Good evening, in the last three months, the global financial crisis has deteriorated dramatically.

We now face a global economic recession – with a massive impact on jobs right across the world. [Read more…]

Inflation Hits 13-Year High

Inflation has hit a 13-year high of 5.0% with a 1.2% rise in the September quarter Consumer Price Index. [Read more…]

Malcolm Turnbull Address To The Nation

The Leader of the Opposition, Malcolm Turnbull, today responded to the Prime Minister’s Address to the Nation.

Turnbull offered support for the government’s package of stimulus measures. [Read more…]

Rudd Addresses National Press Club On Global Financial Crisis

The Prime Minister, Kevin Rudd, has made his first appearance at the National Press Club since last year’s election.

He spoke about the global financial crisis and the package of measures announced by the government yesterday.

  • Listen to Rudd’s speech (60m)

Transcript of Prime Minister Kevin Rudd’s Address to the National Press Club.

Last year, in my formal reply to the last Budget of the Howard Government, I referred to a great remark from a great American President, John F. Kennedy. [Read more…]

Financial Crisis: Kevin Rudd Address To The Nation

Kevin Rudd has delivered his first Address to the Nation since becoming Prime Minister ten months ago. The brief speech was broadcast nationally this evening.

The speech came just hours after the Prime Minister announced a $10.4 billion ‘Economic Security Package’. [Read more…]

Turnbull Offers Support For Economic Stimulus Package

The Leader of the Opposition, Malcolm Turnbull, has offered support to the economic stimulus package announced today by the Rudd government.

Malcolm Turnbull, Leader of the OppositionSpeaking at a press conference with Deputy Leader Julie Bishop, Turnbull said: “We welcome the Government’s announcement today, especially for Australia’s age pensioners who have been denied justice for too long. This is a significant improvement in their position and we welcome it.

“Now this is also a very significant economic stimulus; a significant fiscal stimulus. And we trust that the government has taken into account the advice from Treasury and considered the impact that this stimulus may have on the Reserve Bank’s ability to reduce, to continue reducing interest rates, for example. But nonetheless we are not going to argue about the composition of the package or quibble about it. It has our support. It will provide a stimulus to the economy, that’s for certain. And above all it gives justice to Australia’s age pensioners in particular, who have been doing it especially tough.” [Read more…]

Details Of Rudd Government’s ‘Economic Security Strategy’

This is the text of a joint press release from the Prime Minister, Kevin Rudd, and the Treasurer, Wayne Swan.

It details the government’s strategy for responding to the global financial crisis.

Economic Security Strategy

The Rudd Government today announced a $10.4 billion Economic Security Strategy to strengthen the Australian economy in the face of the worst global financial crisis since the Great Depression.

This $10.4 billion strategy will strengthen the national economy and support Australian households, given the risk of a deep and prolonged global economic slowdown. [Read more…]