New right wing coalition faces economic recession The Labour Government, led by Helen Clarke, was kicked out of office in New Zealand’s general election on 8 November. The conservative National Party, led by John Key, secured 45% of the vote while Labour won only 34%. Advertisements
Not one closure – Not one job loss Australia’s biggest childcare operator, ABC Learning, was placed into voluntary administration this week. The company, which operates more than 1200 centres across the country, is the latest victim of the global credit crunch.
The real state of the Australian economy Governments around the world are scrambling to try and limit the effects of the financial crisis. The credit crunch has now effected the entire banking system and in many countries the effects are starting to be felt in the real economy.