David Shearer resigns, leaving vacuum at top of NZ’s Labour Party

Aug. 22 (BusinessDesk) – David Shearer has resigned as leader of the New Zealand’s opposition Labour Party, having failed to make a dent in the popularity of the ruling National Party and Prime Minister John Key.
“There needs to be a Labour-led government and the ambitions of one person should never be larger than that purpose,” Shearer told reporters at a media conference in Wellington. He refused to take questions.
“There was no letter, there was no ultimatum, there was no vote,” he said. “But from the soundings I have taken from colleague...
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