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Early 1990s Recession In Australia
The early 1990s recession saw a period of economic downturn affect much of the world in the late 1980s and early 1990s. The economy of Australia suffered its worst recession since the Great Depression. Background In October 1987, the international Stock Market Slump saw markets crash around the world. The crisis originated when Japan and West Germany pushed up interest rates, pressuring US rates also to rise, triggering a massive sell off of US shares. Global share prices fell an average of 25%, but Australia saw a 40% decline.Barnett & Goward; John Howard Prime Minister; Viking; 1997; Ch 12 17 of the 18 major OECD economies experienced a recession in the early 1990s. In the 1980s, Singapore Prime Minister Lee Kuan Yew famously predicted that Australia was at risk of becoming the "white trash of Asia" due to high unemployment, inflationary pressures and government debt. At the time of the comments, Bob Hawke was Australia's Prime Minister and he stated that the comment was "n ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Early 1990s 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 during ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
NFCC
The PFF National Challenge Cup is an annual semi-professional Single-elimination tournament, knockout association football, football competition in men's domestic Football in Pakistan, Pakistani football within the Pakistan football league system. It is organized by and named after the Pakistan Football Federation. Khan Research Laboratories F.C., Khan Research Laboratories have won the most titles (six). WAPDA F.C., WAPDA are the current champions, winning the 2020 PFF National Challenge Cup, 2020 edition courtesy of a 1-0 win against SSGC F.C. in the final. Background Although it is an annual competition, it has not been held on a few occasions. The competition was not held from (1980–83, 1986, 1988–89, 1995, 1997, 2004, 2006–07, 2017, 2021–22). The tournament has seen various name changes throughout its establishment. Names Finals ;Wins by club Results by team Since its establishment, the National Challenge Cup has been won by 15 different teams. Teams shown in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Landslide Victory
A landslide victory is an election result in which the victorious candidate or party wins by an overwhelming margin. The term became popular in the 1800s to describe a victory in which the opposition is "buried", similar to the way in which a geological landslide buries whatever is in its path. What constitutes a landslide varies by the type of electoral system. Even within an electoral system, there is no consensus on what sized margin makes for a landslide. Notable examples Argentina * 2011 Argentine general election – Cristina Fernández de Kirchner of the Front for Victory won a second term as President of Argentina in a landslide victory. She received 54.11% of votes, while no other candidate received more than 16.81%. Australia State and territory elections: * 1989 Queensland state election – Wayne Goss led the Labor Party to a historic landslide victory over the Country Party (later known as the National Party) led by Russell Cooper. The Country Party had been in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Jeff Kennett
Jeffrey Gibb Kennett (born 2 March 1948) is a former Australian politician who was the 43rd Premier of Victoria between 1992 and 1999, and currently a media commentator. He was previously the president of the Hawthorn Football Club, serving from 2005 to 2011 and again from 2017 to 2022. He is the founding Chairman of beyondblue, a national organisation "working to reduce the impact of depression and anxiety in the community". Early life The son of Kenneth Munro Gibb Kennett (1921–2007), and Wendy Anne Kennett (1925–2006), née Fanning, he was born in Melbourne on 2 March 1948. He attended Scotch College; and, although an unexceptional student academically, he did well in the school's Cadet Corps Unit. He also played football (on the wing) for the school. His failure to rise above the middle band academically almost led him to quit school in Fourth Form (Year 10 – 1963), but he was persuaded to stay on. His Fifth and Sixth Forms were an improvement, but he was stil ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Christopher Skase
Christopher Charles Skase (18 September 19485 August 2001) was an Australian businessman who later became one of his country's most wanted fugitives, after his business empire crashed spectacularly and he fled to Majorca, Spain. Early life Skase was born into a wealthy Melbourne family. His father was Charles Skase, 1948 winner of the Melbourne Sun-Aria, and prominent on-air personality on radio station 3DB, including his role as star of the live-to-air program, ''The Happy Gang'', in the 1950s. Christopher Skase was educated at Malvern and Caulfield Grammar Schools. Career He began his career as a stockbroker, but soon became a finance journalist instead, working at ''The Sun News-Pictorial''. In 1975 he purchased Qintex, a small Tasmanian company. Skase slowly developed Qintex and, over several years, turned it into one of Australia's larger corporations. By the late 1980s, the Qintex group was worth A$1.5 billion. Skase owned five resorts as well as interests in th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Premier Of Victoria
The premier of Victoria is the head of government in the Australian state of Victoria. The premier is appointed by the governor of Victoria, and is the leader of the political party able to secure a majority in the Victorian Legislative Assembly. Responsible government came to the colony of Victoria in 1855. Between 1856 and 1892, the head of the government was commonly called the premier or the prime minister, but neither title had any legal basis. The head of government always held another portfolio, usually Chief Secretary or Treasurer, for which they were paid a salary. The first head of government to hold the title of premier without holding another portfolio was William Shiels in 1892. Premiers of Victoria who have served for more than 3,000 days have a statue installed at Treasury Place. Four Victorian premiers have been afforded this honour: Albert Dunstan, Henry Bolte, Rupert Hamer and John Cain Junior. Every Premier of Victoria since 1933 (with the exception of Ian ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Joan Kirner
Joan Elizabeth Kirner (née Hood; 20 June 1938 – 1 June 2015) was an Australian politician who was the 42nd Premier of Victoria, serving from 1990 to 1992. A Labor Party member of the Parliament of Victoria from 1982 to 1994, she was a member of the Legislative Council before later winning a seat in the Legislative Assembly. Kirner was a minister and briefly deputy premier in the government of John Cain Jr., and succeeded him as premier following his resignation. She was Australia's third female head of government and second female premier, Victoria's first, and held the position until her party was defeated in a landslide at the 1992 state election. Early life and career Born Joan Elizabeth Hood in Essendon, Melbourne, the only child of John Keith and Beryl Edith (née Cole) Hood, a fitter and turner and music teacher, respectively, Kirner was educated at state and private schools. She graduated in arts from the University of Melbourne, and completed a teaching qualif ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
John Cain II
John Cain (26 April 1931 – 23 December 2019) was an Australian politician who was the 41st Premier of Victoria, in office from 1982 to 1990 as leader of the Australian Labor Party (Victorian Branch), Labor Party. During his time as premier, reforms were introduced such as liberalised shop trading hours and liquor laws, equal opportunity initiatives, and occupational health and safety legislation. Early life Cain was born in Northcote, Victoria, where his father, John Cain (34th Premier of Victoria), John Cain, the leader of the Australian Labor Party (Victorian Branch), Australian Labor Party in Victoria (Australia), Victoria from 1937 to 1957 and three times premier, was the Electoral district of Jika Jika, local member. His mother ran a successful chain of millinery stores in the inner north of Melbourne. He was educated at Bell Primary School, Northcote High School, Scotch College, Melbourne, and at the University of Melbourne, where he graduated in law in 1952. He pract ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pyramid Building Society
The Pyramid Building Society, the Geelong Building Society and the Countrywide Building Society together made up the Farrow Group of building societies, based in Geelong, Australia. The group collapsed in 1990 with debts in excess of $2 billion. The cost of the collapse to Victoria taxpayers was estimated at over $900 million. A fuel levy of 3c-per-litre was introduced by the Victorian Government to recompense depositors. Origins Pyramid was established in Geelong in 1959 by Vautin Andrews and Bob Farrow. Andrews was later mayor of Geelong, and Farrow was an accountant whose firm managed the society. When legislation changed in the mid-1960s to allow building societies to take deposits from the public, Pyramid grew rapidly. Bob Farrow's health suffered in the late 1970s and his son Bill Farrow took over much of the operation, and Andrews' son Bruce Andrews also worked for the society. Pyramid took over its competitor, the Geelong Building Society, in 1971. That society had ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Teachers Credit Union Of Western Australia
A teacher, also called a schoolteacher or formally an educator, is a person who helps students to acquire knowledge, competence, or virtue, via the practice of teaching. ''Informally'' the role of teacher may be taken on by anyone (e.g. when showing a colleague how to perform a specific task). In some countries, teaching young people of school age may be carried out in an informal setting, such as within the family (homeschooling), rather than in a formal setting such as a school or college. Some other professions may involve a significant amount of teaching (e.g. youth worker, pastor). In most countries, ''formal'' teaching of students is usually carried out by paid professional teachers. This article focuses on those who are ''employed'', as their main role, to teach others in a ''formal'' education context, such as at a school or other place of ''initial'' formal education or training. Duties and functions A teacher's role may vary among cultures. Teachers may provide ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
State Bank Of South Australia
The State Bank of South Australia was a bank created in 1896 and owned by the Government of South Australia. The bank became the subject of a two-year South Australian Royal Commission upon collapse in 1991. The surviving part of the bank now exists as BankSA. History Early history The State Bank of South Australia was founded in 1896 as the outcome of an Act of Parliament, The Advances Bill, which provided for setting up of the Bank which could benefit the State's primary producers and other industries by providing loans guaranteed by the Government at preferential conditions. A Bill based on a failed Victorian proposal was introduced by the Kingston-Holder government in 1894 but lapsed, then revived with clarifications by Frederick Holder (later Sir Frederick) in 1895. The Bill passed both houses of parliament in December 1895, and five Trustees were appointed: H. M. Addison (Chairman), J. B. Spence, J. A. Johnson, S. Stanton and G. Inglis. :Addison resigned 1897 after ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
State Bank Of Victoria
The State Bank of Victoria was an Australian bank that existed from 1842 until 1990 when it was taken over by the Commonwealth Bank. It was owned by the Government of Victoria, State of Victoria. History A government-controlled savings bank had been founded on 1 January 1842 as the Savings Bank of Port Philip. Other independent savings banks merged over time and this development was recognised by legislation in 1912, which reconstituted the bank as the State Savings Bank of Victoria. In 1980 its name was changed to the State Bank of Victoria, the name it had until its sale to the Commonwealth Bank in 1990 and subsequent dissolution. The State Bank collapsed due to the weight of the grossly irresponsible lending made in the 1980s, in particular by its merchant bank subsidiary Tricontinental (merchant bank), Tricontinental, after the Reserve Bank of Australia decision to increase interest rates in 1989 brought about the deep recession that put pressure on those financial instituti ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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