Event and Ticketing Details
Dates & Times
Tuesday 15 May
6:15 PM - 7:15 PM
The Fifth Estate is the Wheeler Centre’s new series of fortnightly forums: a more measured approach to news and current affairs. Provocative and studied, authoritative and unhurried, this is real analysis that will be pulling no punches. Hosted by broadcaster, journalist and anthropologist Sally Warhaft, The Fifth Estate is indispensible live journalism. All events are recorded, with podcast episodes posted on our website by noon the following day.
Bad for business, good for ‘struggle street’, sharing the resource boom, hampering overseas investment. This is just some of what’s being said about Labor’s 2012-13 budget.
One week on from budget night, join Stephen Mayne, George Megalogenis and host Sally Warhaft as they explore Australia’s fiscal fortitude. Battling opposition jibes that Labor cannot deliver surpluses – and fulfilling his desire to deliver on a long-held promise – Wayne Swan’s 2012-13 planned budget surplus is here ‘on time, as promised and ahead of every other major advanced economy’.
But is this projected return to surplus genuine, or a result of creative accounting? With households largely escaping the cost-cutting measures, who are the winners and losers – and how do the states fare? Will this ‘election’ budget, wearing its Labor values proudly on its sleeve, win back the heartland? Does the average Australian care?
Featuring
Stephen Mayne
Stephen Mayne is a Walkley Award winning journalist who for almost 10 years worked as a reporter, business editor, gossip columnist and chief of staff at major Australian newspapers.
A former press secretary in Jeff Kennett’s media unit, Stephen turned on his former boss in 1997 by going on Four Corners as a whistleblower about the Premier’s share dealings. He then published the anti-Kennett website www.jeffed.com during the 1999 state election after his planned tilt in Jeff’s seat was knocked out on a technicality. Jeffed.com attracted 115,000 page views in two weeks from a standing start, was more popular than the ALP’s website and was credited in some circles with contributing to Kennett’s shock defeat.
With Jeff gone and having burnt all his bridges back into the mainstream media, Stephen launched www.crikey.com.au in February 2000 – right at the top of the dotcom boom. After many battles, including the loss of his home in a defamation battle, Crikey was sold in March 2005 to Eric Beecher and Di Gribble for $1 million. Crikey is now Australia’s best known independent ezine with 15,000 paying subscribers for the daily email and more than 1.5 million page views on its website each month.
These days Stephen is a humble Crikey contributor who is also pursuing shareholder activism through his corporate governance ezine www.maynereport.com.
As Australia’s best known shareholder activist, Stephen has asked questions at more than 400 AGMs and had many memorable exchanges with the likes of Rupert Murdoch, James Packer, Kerry Stokes and Frank Lowy.
Stephen also claims to have “the world’s biggest small share portfolio” with tiny investments in more than 700 Australian companies to support his shareholder activism, which has included 40 unsuccessful board tilts.
He is a director of the Australian Shareholders' Association and a councillor at the City of Manningham.
Despite being Australia’s most unsuccessful candidate in contested elections, Stephen is confident of winning a spot on Melbourne City Council at this year’s local elections.
George Megalogenis
George Megalogenis has thirty years’ experience in the media, including over a decade in the federal parliamentary press gallery. His book The Australian Moment won the 2013 Prime Minister’s Literary Award for Non-fiction ...
Sally Warhaft
Sally Warhaft is a Melbourne broadcaster, anthropologist and writer. She is the host of The Fifth Estate, the Wheeler Centre’s live series focusing on journalism, politics, media, and international relations, and The Leap Year ...