Word: howard
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...typical consumer budget, according to Bain & Company's retail holiday report. And many people are feeling the pinch from the continuing credit crunch, including higher mortgage costs and the depreciation in home values. "Consumers have the highest debt they have ever had with 24 months of negative savings," says Howard Davidowitz, chairman of Davidowitz & Associates Inc., a national retail-consulting firm. "They can't use their homes as piggy banks anymore...
Losing an election when you've been your country's Prime Minister for 11 years would be painful enough. But John Howard faces an even more humiliating prospect when 13.6 million Australians go to the polls on Saturday: failure in his own seat of Bennelong, which he's held since...
Canny, articulate and not reliant on charisma, Howard has been an indestructible force in Australian politics. As recently as 1989, his own party thought him unelectable and dumped him as leader. But since 1996, he's won four elections for the Liberal-National Coalition, twice pulling it back from the brink of defeat. He's left behind a trail of defeated Labor Party leaders, becoming in the process a hero of conservatives across the Western world...
...Though Howard is a longtime global-warming doubter, ordinary Australians are less skeptical. The country has been hit hard by a brutal, multi-year drought that has devastated agriculture and put its biggest cities under water restrictions. Australians have begun to connect water fears to global warming, a bad sign for Howard, whose residence has been picketed by protesters dressed as polar bears. A recent poll of voters in several closely contested seats found that 73% said climate change would have a "strong influence" on the way they vote. "The water shortages have really rocketed climate change to a significant...
...part, Rudd has maintained a strong edge on environmental issues. And while Howard has introduced a raft of actions on climate change over the past few months, including a proposed national carbon-trading system, his conversion might be too little, too late. Howard told an Australian TV station on Nov. 9 that "I don't think the world is about to come to an end because of climate change." One hopes not, but his time in office looks like it might...