Conservatives sweep to Australia election victory
Australia's conservative opposition swept to power Saturday, ending six years of Labor Party rule and winning over a disenchanted public by promising to end a hated tax on carbon emissions, boost a flagging economy and bring about political stability after years of Labor infighting.
The Complete Failure Of Austerity, In 1 Chart
"Although all governments like to give the impression that they can have a big impact on people’s prosperity, few actually do," Wren-Lewis writes. "These numbers suggest that the current U.K. government has managed to do so, but unfortunately by making us all poorer."
