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1993 Australian Federal Election
The 1993 Australian federal election was held to determine the members of the 37th Parliament of Australia. It was held on 13 March 1993. All 147 seats of the Australian House of Representatives and 40 seats of the 76-seat Australian Senate were up for election. The incumbent government of the centre-left Australian Labor Party led by Paul Keating, the Prime Minister of Australia, was re-elected to a fifth term, defeating the centre-right Liberal/National Coalition led by Opposition Leader John Hewson of the Liberal Party of Australia, and coalition partner Tim Fischer of the National Party of Australia. This was the first, and to date only, time the Labor Party won a fifth consecutive election. The result was considered an upset, as opinion polls had predicted a Coalition win. In his victory speech, Keating would famously describe the result as "the sweetest victory of all". The Coalition's loss was attributed to the unpopularity of Hewson and his economic policy, po ...
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Percentage Point
A percentage point or percent point is the unit (measurement), unit for the Difference (mathematics), arithmetic difference between two percentages. For example, moving up from 40 percent to 44 percent is an increase of 4 percentage points, but a 10-percent increase in the quantity being measured. In literature, the unit is usually either written out, or abbreviated as ''pp'' or ''p.p.'' to avoid ambiguity. After the first occurrence, some writers abbreviate by using just "point" or "points". Differences between percentages and percentage points Consider the following hypothetical example: In 1980, 50 percent of the population smoked, and in 1990 only 40 percent of the population smoked. One can thus say that from 1980 to 1990, the prevalence of smoking decreased by 10 ''percentage points'' (or by 10 percent of the population) or by ''20 percent'' when talking about smokers only - percentages indicate proportionate part of a total. Percentage-point differences are one way to ex ...
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Coalition (Australia)
The Liberal–National Coalition, commonly known simply as "the Coalition" or informally as the LNP, is an alliance of centre-right political parties that forms one of the two major groupings in Australian federal politics. The two partners in the Coalition are the Liberal Party of Australia and the National Party of Australia (the latter previously known as the Country Party and the National Country Party). Its main opponent is the Australian Labor Party (ALP); the two forces are often regarded as operating in a two-party system. The Coalition was last in government from the 2013 federal election, before being unsuccessful at re-election in the 2022 Australian federal election. The group is led by Peter Dutton, who succeeded Scott Morrison after the 2022 Australian federal election. The two parties in the Coalition have different voter bases, with the Liberals – the larger party – drawing most of their vote from urban areas and the Nationals operating almost exclusively i ...
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Economic Liberalism
Economic liberalism is a political and economic ideology that supports a market economy based on individualism and private property in the means of production. Adam Smith is considered one of the primary initial writers on economic liberalism, and his writing is generally regarded as representing the economic expression of 19th-century liberalism up until the Great Depression and rise of Keynesianism in the 20th century. Historically, economic liberalism arose in response to feudalism and mercantilism. Economic liberalism is associated with markets and private ownership of capital assets. Economic liberals tend to oppose government intervention and protectionism in the market economy when it inhibits free trade and competition, but tend to support government intervention where it protects property rights, opens new markets or funds market growth, and resolves market failures. An economy that is managed according to these precepts may be described as a liberal economy or oper ...
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Andrew Peacock
Andrew Sharp Peacock (13 February 193916 April 2021) was an Australian politician and diplomat. He served as a cabinet minister and went on to become leader of the Liberal Party on two occasions (1983–1985 and 1989–1990), leading the party to defeat at the 1984 and 1990 elections. Peacock was born in Melbourne and attended Elsternwick Primary School and Scotch College before studying law at the University of Melbourne. A former president of the Young Liberals, he was elected to Parliament at the age of 27, filling the blue-ribbon seat of Kooyong, vacated by Sir Robert Menzies. Peacock was appointed to cabinet in 1969 by John Gorton and later served under William McMahon and Malcolm Fraser. He held a variety of portfolios, most notably serving as Minister for Foreign Affairs from 1975 to 1980. He unsuccessfully challenged Fraser for the Liberal leadership in 1982, but was then elected as Fraser's successor following the party's defeat at the 1983 election. At the ...
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University Of New South Wales
The University of New South Wales (UNSW), also known as UNSW Sydney, is a public research university based in Sydney, New South Wales, Australia. It is one of the founding members of Group of Eight, a coalition of Australian research-intensive universities. Established in 1949, UNSW is a research university, ranked 44th in the world in the 2021 ''QS World University Rankings'' and 67th in the world in the 2021 ''Times Higher Education World University Rankings''. It is one of the members of Universitas 21, a global network of research universities. It has international exchange and research partnerships with over 200 universities around the world. According to the 2021 QS World University Rankings by Subject, UNSW is ranked top 20 in the world for Law, Accounting and Finance, and 1st in Australia for Mathematics, Engineering and Technology. UNSW is also one of the leading Australian universities in Medicine, where the median ATAR (Australian university entrance examination re ...
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Late 1980s Recession
The early 1990s recession describes the period of economic downturn affecting much of the Western world in the early 1990s. The impacts of the recession contributed in part to the 1992 U.S. presidential election victory of Bill Clinton over incumbent president George H. W. Bush. The recession also included the resignation of Canadian prime minister Brian Mulroney, the reduction of active companies by 15% and unemployment up to nearly 20% in Finland, civil disturbances in the United Kingdom and the growth of discount stores in the United States and beyond. Primary factors believed to have led to the recession include the following: restrictive monetary policy enacted by central banks, primarily in response to inflation concerns, the loss of consumer and business confidence as a result of the 1990 oil price shock, the end of the Cold War and the subsequent decrease in defense spending, the savings and loan crisis and a slump in office construction resulting from overbuilding duri ...
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1993 Election Australia Gallagher Index
File:1993 Events Collage.png, From left, clockwise: The Oslo I Accord is signed in an attempt to resolve the Israeli–Palestinian conflict; The White House (Moscow), Russian White House is shelled during the 1993 Russian constitutional crisis; Czechoslovakia is peacefully Dissolution of Czechoslovakia, dissolved into the Czech Republic and Slovakia; In the United States, the ATF Waco siege, besieges a compound belonging to David Koresh and the Branch Davidians in a search for illegal weapons, which ends in the building being set alight and killing most inside; Eritrea gains independence; A major 1993 Storm of the Century, snow storm passes over the United States and Canada, leading to over 300 fatalities; Drug lord and narcoterrorism, narcoterrorist Pablo Escobar is killed by Military Forces of Colombia, Colombian special forces; Ramzi Yousef and other Islamic terrorism, Islamic terrorists 1993 World Trade Center bombing, detonate a truck bomb in the subterranean garage of List of t ...
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2007 Australian Federal Election
The 2007 Australian federal election was held in Australia on 24 November 2007. All 150 seats in the House of Representatives and 40 of the seats in the 76-member Senate were up for election. The election featured a 39-day campaign, with 13.6 million Australians enrolled to vote. The centre-left Australian Labor Party opposition, led by Kevin Rudd and deputy leader Julia Gillard, defeated the incumbent centre-right Coalition government, led by Liberal Party leader and Prime Minister, John Howard, and Nationals leader and Deputy Prime Minister, Mark Vaile, by a landslide. The election marked the end of the 11 year Howard Liberal-National Coalition government that had been in power since the 1996 election. This election also marked the start of the six-year Rudd-Gillard Labor government. Future Prime Minister Scott Morrison, future opposition leader Bill Shorten and future Deputy Prime Minister Richard Marles entered parliament at this election. This would be the last tim ...
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Goods And Services Tax (Australia)
Goods and Services Tax (GST) in Australia is a value added tax of 10% on most goods and services sales, with some exemptions (such as for certain food, healthcare and housing items) and concessions (including qualifying long term accommodation which is taxed at an effective rate of 5.5%). GST is levied on most transactions in the production process, but is in many cases refunded to all parties in the chain of production other than the final consumer. The tax was introduced by the Howard government and commenced on 1 July 2000, replacing the previous federal wholesale sales tax system and designed to phase out a number of various State and Territory Government taxes, duties and levies such as banking taxes and stamp duty. An increase of GST to 15% has been put forward, but is generally lacking in bipartisan support. Introduction of GST Les Bury, federal treasurer in the Gorton government from 1969 to 1971, was an early supporter of a broad-based national consumption tax, bel ...
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Fightback! (policy)
Fightback! was a 650-page economic policy package document proposed by John Hewson, federal leader of the Liberal Party of Australia and Leader of the Opposition from 1990 to 1994. It represented the start of their new "dry", economic liberal future policy direction, very different from the Keynesianism they previously practised. The package was part of their unsuccessful policy platform at the 1993 election. Key elements The key elements of Fightback! were: * Changes to industrial relations, including the abolition of awards and the elimination of automatic entitlements to unemployment benefits after nine months; * Changes to Medicare, including the "abolition of bulk billing except for veterans, war widows, pensioners, health card holders and the disabled" and the "provision of gap insurance for medical bills". * The introduction of a goods and services tax (GST) at a 15% rate; * A $13 billion personal income tax cut, directed largely at the middle and upper-middle income ea ...
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Opinion Poll
An opinion poll, often simply referred to as a survey or a poll (although strictly a poll is an actual election) is a human research survey of public opinion from a particular sample. Opinion polls are usually designed to represent the opinions of a population by conducting a series of questions and then extrapolating generalities in ratio or within confidence intervals. A person who conducts polls is referred to as a pollster. History The first known example of an opinion poll was a tallies of voter preferences reported on Telegram Messenger to the 1824 presidential election, showing Andrew Jackson leading John Quincy Adams by 335 votes to 169 in the contest for the United States Presidency. Since Jackson won the popular vote in that state and the whole country, such straw votes gradually became more popular, but they remained local, usually citywide phenomena. In 1916, ''The Literary Digest'' embarked on a national survey (partly as a circulation-raising exercise) and correc ...
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Upset (competition)
An upset occurs in a competition, frequently in electoral politics or sports, when the party popularly expected to win (the "favorite"), either loses to or draws/ties a game with an underdog whom the majority expects to lose, defying the conventional wisdom. If it happens in a cup competition, it is sometimes referred to as a "cupset" (a portmanteau, combining the words "cup" and "upset"). It is often used in reference to beating the betting odds in sports, or beating the opinion polls in electoral politics. Origin The meaning of the word "upset" has long included "an overthrowing or overturn of ideas, plans, etc." (see OED definition 6b), from which the sports definition almost surely derived. "Upset" also once referred to "a curved part of a bridle-bit, fitting over the tongue of the horse", (now the port of a curb bit) but, even though the modern sports meaning of "upset" was first used far more for horse races than for any other competition, there is no evidence of a connecti ...
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