Popular ridicule spells political death for any political leader. That’s because it is almost impossible to overcome and undermines the capacity to lead and carry authority. In just 18 months Prime Minister Tony Abbott has managed to reveal himself as mad and bad. Now he’s a joke. What broke the back of his most loyal…

The IMF’s howler: Millions in poverty To the millions of pauperised citizens of Europe, there has been an unprecedented admission of guilt by the International Monetary Fund (IMF): we got it wrong. In a New Year report entitled “Growth Forecast Errors and Fiscal Multipliers”, the IMF admitted that it had plunged nations of the Euro-zone…