The Federal Government’s expected announcement today of funding to upgrade the Pacific Highway is a massive handout to two of Australia’s most lavishly rewarded interest groups – regional communities and the trucking industry. But, no one will be caught dead criticising it, writes David MacCormack.
Amount of money
The RBA drains cash, confident that liquidity squeeze is easing
For the third day in a row the Reserve Bank has drained cash from the short term money markets, confident that the recent liquidity squeeze is easing.
