History of Australia since 1945 Fraser, Hawke re-established a new, universal system of health insurance called Medicare. Hawke and Keating abandoned traditional Labor support for tariffs to protect industry and jobs. They moved to deregulate Australia's financial system and ‘floated’ the Australian dollar. An agreement was reached with trade unions to moderate wage demands and accept more flexible working condition arrangements by accepting tax cuts in return. Ultimately, many of the reforms, continued by successive governments, appear to have been successful in pushing the economy along. The Australian Bicentenary was celebrated in 1988 along with the opening of a new Parliament House in Canberra. The
Celebrated Summer "Zen Arcade", had also been recorded with an acoustic guitar. The lyrics of the song recall summers past with lines like "Getting drunk out on the beach or playing in a band / Getting out of school meant getting out of hand" as well as its chorus of "Is this your celebrated summer? / Was that your celebrated summer?". The song was called "a prime example of Hüsker Dü's unique ability to effectively combine wistful, even tender moments with the hardest elements of rock & roll" in a review on AllMusic. The reviewer added that "Celebrated Summer" is "a step