Crean falls on his sword

Simon Crean has stepped down as federal Labor leader, after losing the support of his Caucus colleagues.

The party will vote for a new leader on Tuesday next week, with former leader Kim Beazley, treasury spokesman Mark Latham and foreign affairs spokesman Kevin Rudd viewed as the frontrunners.

Let's hope the labor caucus does not elect Kim Beazley and put us through another year or so of watching an opposition leader bleed to death.