Small securityholders threw the kitchen sink at Mirvac yesterday over the poor performance, and the move to boost directors’ fees for a second time in as many years.
Articles by Glenn Dyer 
Black hole sun not shining on housing, US recovery
The black hole that is the US housing crisis continues to widen, sucking in more and more American homeowners and making a mockery of the confident assertions of politicians, policymakers and the stockmarket that the worst is over.
Trade unions, AFR, out of the loop on jobs
Two stories in The Australian Financial Review and other papers this morning illustrate just how out of touch both the paper and the Australian trade union movement are with the economy.
Public sector keeps wages growing faster than they should be
Wages growth in Australia continues to ease, as the Reserve Bank says it has, but that’s not to say the public sector hasn’t done its best to keep wages growing faster than they should be.
US public debt ticks over to $12 trillion
While America was having last weekend off, the country’s public debt ticked over the impossible to comprehend figure of $US12 trillion — over 80% of the country’s annual GDP.
Goldman Sachs outsources lending to charity
You can’t but help be very very cynical about the news that Goldman Sachs and Warren Buffett are going to rustle up half a billion bucks and lend it to small businesses.
If we are what we drive, we’re changing gear
Australians are rapidly embracing motorbikes (especially scooters) and diesel-powered cars, according to the latest Motor Vehicle Census from the ABC.
US finance sector’s sick reality
In the past month, 24 US banks have failed, two big finance companies have gone into bankruptcy, followed by a small credit card provider. But American investors don’t care; they know if the banks are small enough, the regulators will clean up.
Get ready for an RBA rates ramp up
The Reserve Bank will continue to lift its key cash rate as long as “economic conditions evolved as expected”, the minutes for the last board meeting reveal.
Forty-nine million Americans go hungry
For all the talk of a recovery in the US economy, a grim reality has been outlined in Washington for all the world to see: America can’t feed all its 303 million people, with one in seven going short at some stage in a week.
Looming GE-Comcast deal may out-flank Murdoch
While he has been obsessing about the internet and free content, Rupert Murdoch may be about to be out-flanked by the looming deal between General Electric and Comcast over NBC.
Qantas dodges BA-Iberia tie-up
The proposed 4.4 billion pound merger between British Airways and Iberia of Spain is so full of holes that it could very well sink without a trace at the slightest bit of opposition.
National newspapers fall off a cliff, bury news
Australian newspaper buyers have punished the national papers, The Australian Financial Review and The Australian in the latest audit period, but basically spared the rod on their state-based competitors.
Wal-Mart’s failure is the US writ large
However Wal-Mart’s sales grow, so grows the US economy — and in the past two quarters it’s been a miserable story from the retailer: some store sales have sunk, as overall retail sales have drifted lower.
Rupert forced to confront free-to-air reality
Tonight in Britain, the Australian idea of a sports broadcasting anti-siphoning list will be firmed up into a reality for Rupert Murdoch and his Sky satellite pay TV group.
US Fed bosses: record-low rates to stay for a while
In the US, four Federal Reserve board members have tried to explain to Americans that while the economy is definitely recovering, it’s not really doing so in the conventional sense.
China signals change on monetary policy
A few hours after the monthly flood of figures showed China’s strong economic growth remained on track, the country’s central bank seems to have signalled that a change in monetary policy might be on the card.
Forget the pundits, this jobless data is positive, rates will rise
Forget the media reports; the Australian economy has created over 65,000 jobs in the last two months: pencil in a December 1 rate rise from the RBA.
NAB data has RBA humming a rate rise tune
Buried in yesterday’s very upbeat business confidence and conditions survey from the National Australia Bank was a surprisingly negative forecast on house prices for 2010.
