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BUSINESS | 15

Debunking the ‘middle-class welfare’ furphy

Don’t believe what you read. Australia actually has the lowest level of middle-class welfare in the developed world, argues ANU academic Peter Whiteford.

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MARCUS PADLEY | BUSINESS |

Morning Market Report

Macau transport and property company Shun Tak Holdings has purchased 1/3 of Jetstar Hong Kong, which is a joint venture between Qantas and China Eastern Airlines.

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GLENN DYER | BUSINESS | 4

Looking hard for the so-called ‘Murdochian momentum’

Rupert Murdoch tried to convince Sydney investors yesterday not to dump their stock in the new News Corp. But with falling revenues and high costs, buying into the print assets is probably not a smart business move.

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BERNARD KEANE | BUSINESS | 1

National accounts: how long will exports keep us growing?

Today’s GDP figures show an economy exactly where the RBA says it is — poised on the difficult transition between a mining boom and domestic growth.

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MARCUS PADLEY | BUSINESS |

Morning Market Report

First-quarter GDP growth came in slightly below expectations: 0.6% vs consensus of 0.7% and 2.5% vs 2.7% annually.

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BERNARD KEANE | BUSINESS | 24

Asbestos and the perils of an activist government

The attempt to link Telstra’s asbestos / NBN problem with the pink batts fiasco ignores the basic facts — and the Coalition’s own uncomfortable history on the issue. Think twice before you point the finger …

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GLENN DYER | BUSINESS | 1

News Corp quits London Stock Exchange

News Corp will no longer be listed on the London Stock Exchange — what will that mean for the new print company after the amicable divorce?

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MARCUS PADLEY | BUSINESS |

Morning Market Report

Ten has not said publicly how much it paid for the rights, but it has been reported the deal is worth $100 million.

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BUSINESS | 10

Hold the panic: why it’s not really ‘death by NBN’

Critics are up in arms about the discovery of asbestos in pits and ducts used by the NBN. But has the federal government done anything wrong? Telecommunications expert Richard Chirgwin digs deeper into the issue.

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MARCUS PADLEY | BUSINESS |

Morning Market Report

Maurice Blackburn lawyers say Telstra could face “massive unquantifiable” liability from the removal of asbestos from thousands of pits and pipes.

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ADAM SCHWAB | BUSINESS | 3

As Craig Gore enjoys the river views, ASIC is circling

Regulators are circling twice-bankrupt Gold Coast business tycoon Craig Gore ahead of a Federal Court case later this year. But he’s still living in luxury in a $1300-per-week river-side rental.

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BERNARD KEANE | BUSINESS | 19

Serco cops a serve — but what’s the alternative?

Serco, which provides detention centre services for the federal government, has come under fire for allowing a string of escapes. But is there an alternative to outsourcing?

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MARCUS PADLEY | BUSINESS |

Morning Market Report

Telstra has hired an extra 200 safety specialists to inspect all asbestos-related work at sites where the NBN is to be rolled out. Sites in New South Wales, Victoria and Western Australia have been shut down over concerns about asbestos exposure.

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BUSINESS | 1

Tasmania, the failed state: budget highlights structural woes

Tasmania has too many holes in its budget, amplified by shrinking GST revenue and failing government businesses. Tasmania-based economist and accountant John Lawrence looks at the structural problems.

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BUSINESS |

Watching the women’s weekly magazine war for real

Crikey publishing director director Marina Go had a front-row seat to the women’s magazine war of the 1980s and ’90s. The TV portrayal may differ from actual events.

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Crikey Blogs | BUSINESS |

Jet envy: how will Qantas and Virgin Australia keep up?

Their competitors are spending big on flashy new jets, writes Ben Sandilands. Will Qantas and Virgin Australia go into more debt to keep up?

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GUY RUNDLE | BUSINESS | 18

Bombings and Bitcoins, why the centre can’t hold

Power is changing hands, flipping on its head, ebbing away, growing ever stronger. Guy Rundle on why (lazy cliche of a Yeats poem not withstanding), things are very much falling apart.

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JASON WHITTAKER | BUSINESS | 3

The great media airlift: sports bodies fly in journos for coverage

The V8 Supercar racing series flew journalists to America to cover an event. It’s not the first time they’ve done it, and other sports like the AFL are also putting journalists on planes to maximise coverage.

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MARCUS PADLEY | BUSINESS | 1

Morning Market Report

The Aussie dollar hit a 17-month low yesterday.

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STEPHEN MAYNE | BUSINESS | 2

Reward for labour? Westfield boys should be docked — here’s how

The Lowys say they’ve deserved their $300 million in cash over two decades to run Westfield. Shareholders might disagree, and there’s a course of action if they do.

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BUSINESS | 2

Jobs lost, but skills gained: lessons for Ford from Steel City

In three years 1200 Ford employees will lose their jobs. But with careful retraining and a pathway to new skills, they don’t have to lose their livelihoods, writes economist and public servant Alicia Payne.

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ANDREW CROOK | BUSINESS |

The Power Index: election deciders, corporate lobbyists at #5

Government not spruiking your particular corporate interest enough? No worries — just take to the airwaves yourself with a relatively small ad buy, as these special interests have done, and you can easily influence policy, win elections and even topple leaders.

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Crikey Blogs | BUSINESS |

Time to bring business to Canberra, Dubai style?

Forget a second Sydney airport: there may be room for a more prosperous Canberra less dependant on political travel, writes Ben Sandilands.

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MARCUS PADLEY | BUSINESS |

Morning Market Report

The US Case/Shiller house price 20 index was up 10.1% in March, beating the forecast of 10.02% and taking the annual rate to 10.9%, the strongest reading since 2006.

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GLENN DYER | BUSINESS | 9

Wanna buy a newspaper empire? Murdoch’s sales pitch

As News Corporation prepares to split, mogul Rupert Murdoch tries to convince investors the print half of the business is worth something. But can this business die-hard sell a dying industry?

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