Chief Correspondent, Sydney
Michael's Feed
Jul 1, 2010

Australia and miners reportedly agree to tax deal

SYDNEY (Reuters) – Australia’s government and key mining companies are reported to have agreed a compromise on a mining “super tax,” which could open the way for new Prime Minister Julia Gillard to call an early election.

The government made concessions in talks with miners on the headline 40 percent tax rate, the Sydney Morning Herald said, quoting sources with knowledge of the talks.

Jun 29, 2010

Australian Greens propose A$23/ton carbon tax

SYDNEY (Reuters) – Australia’s influential Greens party has written to new Prime Minister Julia Gillard calling for a A$23 a ton carbon tax after upcoming elections, allowing her time to gain support for a carbon trading scheme.

If Gillard’s Labor government is re-elected at polls expected within months, the Greens said they would help her pass a carbon tax through a hostile Senate within three months of polling day.

Jun 24, 2010
via Global News Journal

AUSTRALIAN PM RUDD’S FAREWELL

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By Michael Perry

Chief Correspondent, Australia

Former Australian Prime Minister Kevin Rudd promised so much but in the end failed to deliver the generational change voters had hoped for when they swept him to power 2007.

But it was for not want of trying.

In the end, the cut-throat nature of politics, where re-election is all that matters, saw Rudd’s government turn on him on Thursday in favour of his deputy Julia Gillard.

Jun 23, 2010

Strong economy may save PM Rudd at Australia polls

SYDNEY/CANBERRA (Reuters) – It should be Prime Minister Kevin Rudd’s recipe for re-election: economic growth for 16 years, unemployment about half that of Europe and the United States, a strong housing market and manageable mortgage rates.

Yet Australian voters who felt little pain from the global financial crisis seem intent on inflicting electoral pain on Rudd this year, and may even turf him from office after just one term.

Jun 18, 2010

Oceans choking on CO2, face deadly changes: study

SYDNEY (Reuters) – The world’s oceans are virtually choking on rising greenhouse gases, destroying marine ecosystems and breaking down the food chain — irreversible changes that have not occurred for several million years, a new study says.

The changes could have dire consequences for hundreds of millions of people around the globe who rely on oceans for their livelihoods.

Jun 16, 2010

Australia PM signals tax compromise

SYDNEY (Reuters) – Australian Prime Minister Kevin Rudd signalled on Wednesday he may compromise parts of his controversial mining tax to gain at least partial resource sector backing and ease concerns over his leadership ahead of elections.

Rudd seems to be adopting a divide-and-conquer strategy against the resource sector as he seeks to solve the heated tax debate ahead of an expected October poll, with his government at risk of losing office due to a string of earlier policy failures.

Jun 10, 2010
via Global News Journal

AUSTRALIAN PM RUDD A BAD BET?

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Can Australian PM Kevin Rudd salvage his prime ministership?


By Michael Perry
Chief Correspondent, Australia

Australians love to gamble, in fact they say Aussies would bet on two flies crawling up a wall.

But even the most hardened Aussie gambler would be shocked at the recent blowout in odds for Australian Prime Minister Kevin Rudd.

Jun 9, 2010

Australia dangles tax carrot; China evaluates mine

SYDNEY (Reuters) – Prime Minister Kevin Rudd faced down mining tax protesters on Wednesday and promised immediate spending in Australia’s largest resource state in an effort to placate opposition to a controversial mining tax.

Over $20 billion in new resource investment in Australia has been put on hold by global miners due to the tax, with Chalco, the listed unit of Aluminum Corp of China, saying on Wednesday it was evaluating a planned $2.5 billion bauxite project in Queensland.

Jun 9, 2010

Australia dangles tax carrot

SYDNEY (Reuters) – Prime Minister Kevin Rudd faced down mining tax protesters on Wednesday and promised immediate spending in Australia’s largest resource state in an effort to placate opposition to a controversial mining tax.

Over $20 billion (13.8 billion pounds) in new resource investment in Australia has been put on hold by global miners due to the tax, with Chalco (2600.HK: Quote, Profile, Research) (601600.SS: Quote, Profile, Research), the listed unit of Aluminium Corp of China, saying on Wednesday it was evaluating a planned $2.5 billion bauxite project in Queensland.

Jun 7, 2010

Australian PM Rudd a mystery to voters, may lose poll

SYDNEY (Reuters) – At the start of 2010, Australian Prime Minister Kevin Rudd was unchallenged in opinion polls, set to easily win a second term at elections this year. Just six months later, he is at risk of being turfed from office. Why?

According to voters the problem is not the government nor its policies, but Rudd himself. Voters no longer know what Rudd stands for, or worse, believe he only stands for himself.