Posts Tagged ‘ privatisation ’

Costa calls it a day … his way

Sep 23rd, 2008 | By David Harper | Category: Australia

Like his boss, former premier Morris Iemma, who has also quit politics, former treasurer Michael Costa crashed and burned over their doomed attempt to privatise New South Wales’ electricity industry. Earlier this month, in the most tumultuous week in state politics since the 1930s, Mr Iemma told Mr Costa he was being dropped from the ministry 12 hours before Mr Iemma himself was decapitated by Labor’s dominant Right faction.

Rudd agreed to union cut

Sep 16th, 2008 | By David Harper | Category: Australia

Kevin Rudd and former New South Wales premier Morris Iemma struck a secret deal last October to cut the unions down to size after the federal election. But once safely elected on November 24, the Prime Minister squibbed on the undertaking, leaving Mr Iemma fatally exposed in his battle to privatise the state’s electricity assets.

Labor in decline, Fielding’s first test, Republicans on the rise - the week in review

Sep 7th, 2008 | By David Harper | Category: Opinion

This week saw big problems emerge for the Labor Party in New South Wales and Western Australia, while federally the Nationals shrank even further with the loss of Lyne. In the Senate, Steve Fielding voted down the luxury car tax increase, while in the United States, Sarah Palin has garnered an immediate and positive reaction.

Train wreck in slow motion

Sep 5th, 2008 | By David Harper | Category: Opinion

Hard as Premier Morris Iemma will struggle to blame him for mugging state finances, New South Wales Opposition Leader Barry O’Farrell knows the public will blame Iemma, not him, for any dip in the state’s bottom line and consequent deterioration in services. After 13 years of Labor, they would be crazy to blame anyone else.

Labor in turmoil as Morris Iemma dumps Michael Costa

Sep 5th, 2008 | By David Harper | Category: Australia

Mr Costa’s sacking ends the career of one of the most controversial and unusual figures in Australian politics - a former head of the New South Wales trade union movement who became an avowed economic rationalist and admirer of former US president Ronald Reagan.

Unions back Rudd into a corner

Sep 4th, 2008 | By David Harper | Category: Opinion

Successive Labor governments have ignored the union movement’s power inside the party. The example of Simon Crean is no great encouragement to further action. But it is a problem that is not going to go away. Party members in New South Wales are emboldened by the victory they have achieved over the Iemma Government.

O’Farrell defends his power play

Aug 31st, 2008 | By David Harper | Category: Australia

New South Wales Premier Morris Iemma appears to have outmanoeuvered his political rival by opting for a partial auction of power assets - meaning a firesale will occur despite the Opposition Leader’s blocking tactics. But Mr. O’Farrell said yesterday he had no regrets about making his controversial stand.

NSW Labor MPs kept in the dark

Aug 30th, 2008 | By David Harper | Category: Australia

The framework for a partial sell-off had already been laid out in the Owen Report, which the Government commissioned when it began work on the sale last year. A similar sell-off had recently gone ahead in Queensland without a hitch. By Wednesday night, the partial sell-off had become the Government’s least worst option.

Iemma flicks bypass switch to save sale

Aug 29th, 2008 | By David Harper | Category: Australia

It cost an estimated $500,000 to recall the New South Wales Parliament to vote on the Iemma Government’s privatisation proposal, but after less than an hour of discussion in the upper house, the debate was suspended. However, the Premier and his Treasurer, Michael Costa, were not prepared to accept defeat.

NSW Government withdraws electricity sell-off legislation

Aug 28th, 2008 | By David Harper | Category: Australia, Lead Stories

The New South Wales Premier, Morris Iemma, withdrew the electricity industry privatisation legislation from a special sitting of parliament earlier today, when it became clear it would be defeated by a combination of the Coalition, Independent and minor party MPs, and Labor Party renegades.