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News Corporation was founded in Adelaide and its first newspaper was The News which was later merged with The Advertiser. John Fairfax Holdings owns The Sydney Morning Herald, The Age (Melbourne) and the most prominent financial newspaper, The Australian Financial Review. Rural and regional media is dominated by Rural Press Limited, with significant holdings in all States and Territories. Titles include The Canberra Times as well as The Land (New South Wales), Queensland Country Life, Stock and Land (Victoria), Stock Journal (South Australia) and Farm Weekly (Western Australia). Rural Press also has significant holdings in New Zealand and the United States.
Australia's economic development was slow at first and based on the export of wool. This all changed with the discovery of gold in 1851 and mining has, overall, been the most important sector of the Australian economy. By the late 20th century, Australia had a prosperous Western-style mixed economy, with a per capita GDP on par with the four dominant Western European economies. In recent years, the Australian economy has been resilient in the face of global economic downturn, with steady growth. Rising output in the domestic economy has been offsetting the global slump, and business and consumer confidence remains robust. Australia's emphasis on reforms is another key factor behind the economy's strength. In the 1980s, the Labor Party, led by Prime Minister Bob Hawke and Treasurer Paul Keating, played a crucial role in modernizing Australia's economy.
Canberra has a full range of sporting facilities. Perhaps the two most significant are Canberra Stadium (formerly known as Bruce Stadium) and the Australian Institute of Sport, a quasi-educational body that trains many of Australia's Olympic athletes.
This picturesque little city of Hobart in Tasmania is a busy seaport, notably serving as the home port for Australia's (and France's) Antarctic activities. It supports several other industries (notably including a high-speed catamaran factory and a zinc smelter) as well as a vibrant tourist industry. Visitors come to the city to explore its historic inner suburbs, to visit the weekly craft market in Salamanca Place, as well as to use the town as a base from which to explore the rest of Tasmania.
Australia is a constitutional monarchy, with Elizabeth II reigning as 'Queen of Australia'. In 1999, a referendum was held on the question of constitutional change to a republic, with an appointed President replacing the Queen as head of state, but this was rejected. Various surveys held before and since the referendum suggest that the majority of Australians favour some form of republic, and hence many people ascribe the negative result of the referendum to dissatisfaction with the particular republican model that was proposed.
The Australian Constitution guarantees the separation of church and state; there is no state religion in Australia. Although the nation is broadly secular and few are church-goers, three-quarters of Australians are nominally Christian, mostly Catholic or Anglican. A diverse range of other religions are practised.
The publicly funded Special Broadcasting Service carries TV and radio programmes in a variety of languages, as well as world news and documentary programming in English, and is seen as less highbrow than the ABC. SBS does have a small following, having the distinction of being the TV channel most likely to show soccer, the most played sport in Australia but said to be the least watched.
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