You won’t read about it in the Fairfax or News Ltd press given the vast advertising spent by Woolworths, but the bottom line of yesterday’s 2006-07 profit performance by Australia’s biggest retailer was that brutally abusing market power pays, writes Stephen Mayne.
Apec
Where do I stand? John Howard APEC photo dilemma
Chickens beware – according to the head of the “APEC Command” today, Sydney police will be asking for ID from anyone who crosses the road during the forthcoming “Leaders’ Week”.
Tips and rumours
A big loss. Commonwealth Bank is without a former star trader who has left the bank’s employment after losses of more than $100m came to light. Painkiller Prexige. Novartis may have pushed for the 200mg reduction to 100mg with Prexige because they feared a rise in the number of liver-related adverse events would harm their […]
Tips and rumours
The most interesting bet on sportingbet.com.au is the seat of Isaacs. Unlike every other seat, this betting market has not moved against the government. There is real talk that the ALP candidate Mark Dreyfus will be dumped. Put bluntly he has become electoral poison. The front page on the Herald Sun highlighting the fact he gets […]
Tips and rumours
An emission mission. Greenhouse emissions from the Commonwealth’s Department of Environment and Water Resources have increased to 637 kilograms per person per year according to its latest annual report (compared to 544 kilograms per person in 2004-05.) That’s a 14 per cent increase in a single year. The Full Annual report is here. More public […]
Kitty Hawk docks, APEC paranoia begins
The tens of thousands of Sydneysiders who spent most of this morning waiting to see the USS Kitty Hawk ‘do’ a Pasha Baulker as it made its entry to the harbour may have been disappointed, but it is the curtain raiser to several months of unprecedented security paranoia.
