Prime Minister Kevin Rudd is facing defeat at next month’s Australian election with polls in the nation’s most marginal electorates indicating the opposition may gain enough seats to form government. The ruling Labor party would lose at least five seats in the Sept. 7 election, according to separate polls published in the Australian Financial Review and Sydney Morning Herald. The opposition coalition needs to gain four additional seats to make Tony Abbott the prime minister. “There’s no doubt we’re still the underdog, and there’s no doubt that Tony Abbott, if the election was held on the day it was announced would be ... (full story)