Wall St was down 94 overnight, its biggest fall in a month, while the local market is down 66.
Paywall
Morning Market Report: Wall St takes a big fall
Lowbottom High Diaries: Scotch, schoolies and condom
The following document was found in the bedroom of teenage boy. It would appear to be a diary. Trevor Diogenes takes up the tale.
The Week In Faith – with Abigail and Jasper
Including the Xenuphon-Hamilton Scale of Theologiclimatery-Denialistology
Political snippets: Australians prefer pretty cars to green ones
The ABS finds that environmental impact is the least considered factor by Aussies when purchasing a car, why criminals should wait until after an election to apply for parole, Rudds spinners spin out of control, and more from Richard Farmer.
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.
The Battle of the Kims: Williams v Dalton
In one corner, Foxtel chief Kim Williams arguing for de-regulation of the TV industry. In the other corner, ABC’s Kim Dalton. The umpire? Stephen Conroy.
Fagan’s Courier Mail perfects the art of rumour-based reporting
Brisbane’s Courier Mail has perfected the art of rumour-based reporting, a formula that consists of stringing together anonymous claims by sources whose own motives are never explored and whose identity is never revealed, writes Terry Towelling.
To those who say “beaudy nuke”: why should taxpayers suffer?
Why should taxpayers fund the most expensive and slowest energy option when so many alternatives are significantly cheaper and pose less financial risk?
Leaked: The Lonely Planet website? We’re dubious
An internal Lonely Planet email reveals a rather amusing little prank from the publishing house’s Czech & Slovak Republics guidebook that clearly slipped past the subs.
CEDA still thinks climate science is up for debate
Why is one of Australia’s premier economic policy bodies, the Committee for Economic Development of Australia, giving a platform to climate denialist William Kininmonth?
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.
Mirvac slammed over surge in directors fees
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.
You can’t moralise on climate change unless you’re a monk
Hamilton and the rest of the Australian Greens are political opportunists of the first order, but pretend to be above all that by cloaking themselves in the Colors of Giaa, writes Simon Mansfield.
Guy Rundle: Friday book review: Reclaiming Patriotism
Tim Soutphommasane continues his reign of error with this new book, Reclaiming Patriotism: nation building for Australian progressives, writes Guy Rundle.
The NSW Right strikes back, Stalin recalled
The ALP national executive’s decision yesterday to include Macquarie in its regime of central preselection impositions has sparked a wave of dissent from waring factions in the premier state.
Bottles off to you, Nick Xzennophone!
Nick Xzennophone may come across as a bit of a mug, but at least he’s switched on enough to see a conspiracy when he sees one, writes Fake Stephen Fielding.
Tips and rumours: Tips and rumours
Hulk Hogan’s celebrated arm wrestle with Kate “Curvy Chocolate” Ellis at Parliament House yesterday had an interesting genesis with the bronzed ex-WWF superstar scrambling to make it by the designated start-time due to a transport malfunction. Apparently Hogan’s people were all set to head to the “Sydney suburb of Canberra” yesterday morning and were horrified […]
Stephen Colbert on cricket (for email)
“All the excitement of a round of golf AND a game of baseball, stretched out over five days…”
Datapig: the facts on boat people, graphed for your pleasure
All the facts on the numbers of people arriving in Australia by boat since 1989, graphed for your pleasure.
Tips and rumours: Tips and rumours: The Libs in Hume, from an inside source
All the excitement of the Liberal Party nominations for Hume, closing our National Archives, United Group’s $50 million golden handshake, and Qantas hands out “bags of crap”.
Mike Kaiser sails away with $450k as Bligh’s office implodes
Anna Bligh remains keen to recruit an outsider to replace Mike Kaiser as her chief-of-staff, in an effort to halt the destabilisation campaign that has seen nearly every member of her inner circle linked to a mutiny attempt.
