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Swinburne University of Technology is to close its Lilydale campus in Melbourne's north east, blaming large cuts to Victoria's TAFE budget. Source: abc.net.au
One government after the other has been collapsing in Europe as voters blame their political leaders for the financial crisis. Elections in Greece and France showed a shift to more radical parties on either side of the spectrum. In another EU discussion Big Ideas looks at the financial and political crisis in Europe.
Later today, social media company Facebook goes public. With its initial public offering priced at $US38 a share, the company is valued at $US104 billion. It is one of the biggest and most anticipated public floats in US history, and will make Facebook founder Mark Zuckerberg one of the richest people in the world at the age of 28.