Tuesday, October 30 in the news....
- Australia, one of the best-performing advanced economies, faced looming economic turbulence from the subprime lending meltdown in the United States, Prime Minister John Howard warned on Sunday. On Friday, Australian Treasurer Peter Costello had warned of an approaching international financial "tsunami", with China at its epicenter. On Saturday, they both drank beer and said who gives a stuff to appeal to the majority of voters.
