Australia's relations with the US were at breaking point under Gough Whitlam, excerpts from a yet-to-be released book have revealed.
Ocean temperatures are again warming in the Pacific, helping to drive global temperatures to new highs and also leaving conditions primed for an El Nino event to be declared in coming months.
Australia is a “paradise” for white collar criminals because of its soft punishment of corporate offences, says chairman of the Australian Securities and Investments Commission chairman, Greg Medcraft. He says the only realistic response is harsher jail terms and bigger penalties for white collar crime.
When Sir John Kerr presented the 1977 Melbourne Cup, it was almost exactly two years since he had committed his constitutional faux pas. He was dapper in a a three-piece suit and, it seemed, awfully drunk. His obvious inebriation, combined with his thicket of white hair and his aristocratic bearing, made him seem more like one of Barry Humphries' characters than the governor-general.
It was called the lottery of death.
Shares managed a last-gasp gain - making it six straight sessions of rises - after banks sunk an early rally.
The three finalists in the prestigious Business category of the Walkley Awards for Excellence in Journalism were announced today at a lunch hosted by ING Direct in Sydney.
Six former prime ministers helped lead tributes to Labor legend Gough Whitlam on Tuesday, highlighting his contributions to Australian life in the arts, civil society and on the international stage.
"Our whole class fell in love with Gough," Katie Murphy, an HSC student at St Catherine's School, Waverley, gushed. And today's modern history students had the chance to write about him.
When Whitlam took office, only Queensland and Tasmania provided free public hospital treatment, and more than a million people could not afford insurance. While the government provided tax incentives to encourage people to purchase private cover, these were grossly inequitable.