A mild surprise in Australia today as a leadership vote of Prime Minsiter Tony Abbott's Liberal Party resulted in his ouster by his former communications secretary Malcolm Turnbull. Abbott had been bleeding support in recent months due to an economic downturn and the growing belief among voters that his rival in the Labor Party, Bill Shorten, was more capable of handling the economy. Despite keeping his promise to "stop the boats" filled with economic refugees from Asia, the economic slowdown in China has severely impacted Australia's economic growth, leading to the perception that Abbott wasn't up to the job. CNN: Turnbull warned that if Abbott continued to lead the party it was likely to lose the next election to Labor and its leader Bill Shorten. "You only have to see the catastrophically reckless approach of Mr. Shorten to the China-Australia free trade agreement, surely one of the most important foundations of our prosperity, to...(Read Full Post)