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Putting the Australian Budget in a Global Context

There will be a lot of people tuning into Wayne Swan’s budget speech on Tuesday night, and not just from within Australia. Provided that the Treasurer delivers a much-hyped budget surplus (despite a softening in tax revenues due to the global slowdown), he will be able to claim that Australia is one of the first developed economies around the world to emerge from the threat of the Global Financial Crisis.

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US Health Care Reform on Life Support?

The future of the Patient Protection and Affordable Care Act (oft-dubbed Obamacare), President Obama’s signature policy reform of his first term, is in the balance. After a week of oral arguments before the Supreme Court, between the Administration’s lawyers and those representing the twenty-six states, and the National Federation of Independent Business challenging the law’s constitutionality, the emerging consensus is that parts of the legislation, in particular the controversial individual mandate, may be struck down by the highest judicial body.

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