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Since October 1995

Friday 22nd December 1995

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International:

The Federal Labor Government has been rescued from a Au$1.8 billion shortfall by one of its most bitter political enemies: Jeff Kennett's Liberal Victorian state government. The hole caused by slow business investment and falling employment has ensured that there are no interest rate cuts before the next Federal election early next year. Kennett was able to repay a large loan to the Federal government because of tight fiscal policies which were aimed at bringing Victoria back to a AAA rating after the previous state Labor government left the state practicaly bankrupt. His policies were hammered by the Federal Labor government who are now the beneficiaries of the repayment - just in time...

Political:

The royal commission into the Hindmarsh bridge affair has found what most Australians already believed - that the Ngarrindjeri Aboriginals claims of "Women's Business" was all lies. The claim drove a property developer to bankruptcy and has left many reputations, including that of the Minister for Aboriginal Affairs in tatters.

Business:

The Coles Meyer crisis caused many weeks ago by the resignation of finance director Philip Bowman continues to have a ripple effect across the board controlling this massive company. Mr Peter Wilkinson, widely tipped to replace Chief Executive Peter Bartels, has resigned and now heads up a much smaller retailing group called Just Jeans.

Sport:

The Australian cricket team narrowly beat a valiant Sri Lankan team by two runs and two balls in a 50 over limited day-night match. Australian captain Mark Taylor continuede with his match winning form scoring 90 runs before being narrowly run out. The final scores were 255 and 257.

Social:

A High Court ruling is a big winner for career women. The court ruled that the cost of childcare could not be used to discriminate against career women when assessing their potential earnings.

Personal trivia:

As Christmas draws near we celebrate the season of giving and receiving and reflect back on the year gone. For some it has been a year of sadness for others one of great joy and for others time to consider the challenges that lie ahead. Whatever your situation might be, consider the following: "Forever rich the seasons of man's memories, forever poor the moment lost; riding the crest of time whatever that might be."

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