Australasia 2018: Australasia Today
Since 2003 Australasia has seen continued political stability, with no significant military events occurring after the 2006 Fijian coup. The region also avoided the main impact of the Global Financial Crisis of 2008, although whether it will remain this lucky into the future is less certain.
17 May 2004 Kingdom of Me´ekamui▲
Rejecting the peace agreement with Papua New Guinea, Bougainville rebel Francis Ona had himself crowned as King Frances Dominic Dateransy Domanaa of Me´ekamui (an old tribal name for Bougainville) and continued to reign in the interior of southern Bougainville. When Ona died in July 2005, he was succeeded by Noah Musingku, who became King David Peii II of the “Twin Kingdoms” of Me´ekamui and Paapala. Musingku proceeded to hire Fijian soldiers to train his guards and provide security, funding his efforts through dubious online financial schemes.
4-7 Dec 2006 2006 Fijian Coup▲
In December 2005 a political dispute broke out in Fiji between the government and the military when the government attempted to pardon some participants in the 2000 Fijian coup. After a year-long crisis, the military seized control of police facilities in Nasinu and Suva on 4 December 2006. Despite some resistance by the government, chiefs, and churches, military leader Frank Bainimarama assumed control of the country over the following days.
2 Apr 2007-30 Jul 2008 Subprime mortgage crisis▲
During a boom in housing construction, the bundling and improper rating of high-risk mortgages caused the United States bond market to crash in 2007. The ensuing financial crisis sent the US economy into the Great Recession, with the stock market crashing a year later.
22 Feb 2011 2011 Christchurch earthquake▲
A 6.3 Richter scale earthquake struck the Canterbury Region, New Zealand, 10 km south-east of the center of Christchurch, New Zealand’s second-most populous city. The quake caused widespread damage across the city, killing 185 people and badly damaging buildings and infrastructure. The subsequent exodus of people from Christchurch would see it fall behind Wellington to become the third most populous urban area in New Zealand.