March, 2009


After Trujillo and Co, the Nic Lyons $9 million

General Property Trust, last Friday quietly disclosed in its Annual Report that former CEO, Nic Lyons was effectively paid $9.1 million last year, wrties Adam Schwab.

Housing and cars the twin horsemen of the US apocalypse

Sales of existing US homes fell to a new low in January, reversing a small rise in the previous month, writes Glenn Dyer. The news for car sales was just as bad.

Insurance industry uses dubious fire stats to get its own way

The misleading use of figures by the Insurance Council is primarily driven by their ongoing campaign against the fire services levy in place in Victoria, New South Wales and Tasmania, write Denis Nelthorpe and Fiona Guthrie.

Some measurements…

Your Say: Daily Mail readers' feedback: Comments, corrections, clarifications and c*ckups

Leader papers… Salvo donations… Firewall… Catholic rebellion… Executive pay…Bacon Video of the Day… Paul Howes…GFC…

Economic slowdown will be music to Turnbull’s ears

Now, Malcolm Turnbull has a basis for his argument that the Government’s efforts to stimulate the economy aren’t working, writes Bernard Keane.

Media briefs: Penthouse closing? … Ten’s stiffs … French films are American …

Today’s headlines about the headline makers.

Crikey Says: Crikey says

Expecting the Australian economy to continue growing was an act of optimism at a time when optimism can, it seems, safely be mothballed for a year or two.

Video of the Day: How bacon is made

Note to Turnbull: make your own luck

Turnbull is actually conducting serious consultations with communities, rather than the gimmicks beloved by Rudd, but they are almost entirely beneath the media radar, writes Bernard Keane.

How do you spell Beaudesert — “yeah that’s hard”!

Beaudesert can be forgiven for thinking “why us” as it faces not just the prospect of a resurrected Pauline show, but the late entry of another non-Mensa endorsed aspirant, writes Ross Stapleton.

Trujillo and Mexicans: a few words on racial stereotyping

I am worried by the apparent inability of some Australians to recognise racism when it’s in front of them and willingness to defend it when it’s not even their fight, writes Stephen Downes.

Buy foreign, buy local, just don’t buy Paul Howes

Parts of the labour movement, however, have shown a worrying protectionist reflex, writes Bernard Keane.

Jitters battle retail sales as RBA holds steady

The RBA has opted to keep rates on hold, writes Glenn Dyer.

Bligh singing from Kirner’s debt sheet

The parallels between the tanking Queensland economy and Victoria’s in the dark days of the early 1990s are striking, says Stephen Mayne.

ABARE forecasts grim times ahead for ‘Asia’s quarry’

Australia is facing several years of falling commodity export income, according to a grim commodity outlook released this morning, writes Glenn Dyer.

Richard Farmer’s political bite sized meaty chunks

Meaty snippets from the home of government by Richard Farmer.

Obama’s new health team

Obama has named Kansas Governor Kathleen Sebelius and Nancy-Ann DeParle as his new health team, reports Reuters.

SackWatch update: corporate carnage continues

Crikey’s tips box has been running hot following last Friday’s SackWatch meta-list, with a number of new corporates pressing the panic button, writes Andrew Crook.

The remarkable remuneration of Suncorp’s John Mulcahy

Why is outgoing Suncorp CEO John Mulcahy still on the board of the Future Fund? Asks Bernard Keane.

Australia’s long-running property bubble has burst

Australia is on the threshold of a domestic credit crunch caused by falling collateral values, writes Gavin Putland.

A bit rich: Australia’s CEO payout shame

As the sharemarket tumbles, it appears that directors have been reluctant to shown any restraint in their massive payments to outgoing exeuctives, writes Adam Schwab.

Morning Market report

Marcus Padley reports on the highs and lows of today’s markets.

Bank guarantee keeps Big Four in Moody’s good books

Moody’s decision to downgrade Australia’s Big Four banks came as a surprise to those at News Ltd, writesGlenn Dyer.

Peter Costello, Queen of Scots

I’ve been thinking about the Costello question for a while and I’ve finally worked out the appropriate historical analogy, writes Charles Richardson.