The credit crunch and economic slump is cutting a swathe through the assets of the rich and super-rich and their suppliers, writes Glenn Dyer.
Business
Deacons wrong on performance rights
According to a study by mid-tier law firm Deacons, almost three-quarters of employee share options plans issued since 2003 are worthless, writes Adam Schwab.
Full-timers ditched but labour market holding on
In troubling news for 9-5ers, official ABS data released this morning showed employers hived off a massive 44,000 full-time jobs in December, writes Andrew Crook.
The Australian economy is standing like a house of cards
Australia might look like an island of relative economic health in a global sea of distress, but don’t get carried away, writes Alan Kohler.
ASIC prosecutes small fish; bigger fish swim free
ASIC yesterday announced that it is seeking civil claims against little-known biotech executive Dr Martin Soust, writes Adam Schwab.
Will brutal CommBank put Centro under on Monday?
Could Centro become Australia’s biggest corporate collapse? Stephen Mayne investigates.
Real economy: out of luck, out of work … flat screens flatline
Bankers in the firing line … Christmas cancelled … pro sport loses its shine.
Pokies moguls in Machiavellian Fairfax plot
Roger Corbett and Ron Walker lunched at Machiavelli’s in Sydney this week. Were they plotting the future of our most venerable media company? Stephen Mayne writes.
Qantas-BA deal ruffles feathers at Iberia
There’s news from London that BA’s other potential partner, Iberia, is upset and will tell BA it’s either them or us, writes Glenn Dyer.
Bonuses for going backwards: questions for Fairfax
Fairfax executives face the company’s AGM tomorrow. What questions should shareholders be asking? ‘Broadway Betty’ makes a few suggestions,.
When did Murdoch learn of the News downturn?
News Corporation performance is slowing. Why didn’t Rupert Murdoch tell the AGM, asks Glenn Dyer?
Eddy’s dream is over: ABC Learning in voluntary administration
The buzzards which have been circling have finally descended onto the carcass of ABC Learning.
Naughty naughty Woolies compares apples to oranges
In reporting its results this week, Woolworths has been creative with comparing this year’s performance to last, as Glenn Dyer discovered.
Steve Keen: An invitation to Gerard Henderson
Gerard Henderson personally attacked Associate Professor of Economics Steve Keen in today’s SMH. Here, Steve Keen responds.
Does the bank guarantee do enough?
Is the government’s plan to guarantee all bank deposits really the most equitable response? By David Lewis.
Local market climbs again as global bailout takes shape
While the Australian made some gains this morning, Europe and America weer finalising the details of their rescue packages for stricken banks, writes Glenn Dyer.
Aussie Banks are crying poor but spending big
In a time of severe economic turmoil, when banks can’t afford to pass on in-full a rate cut, they shouldn’t be allowed to buy up their competitors, argues Glenn Dyer.
US job market marks a course for the doldrums
US job numbers show an economy slowing rapidly, writes Glenn Dyer.
Briefly Business: Pascoe, Foreclosure Alley, Iceland
Michael Pascoe previews the week ahead … What happens to the homes people walk away from … Iceland just the latest nation to joing the financial meltdown … Eurozone struggles for unified response.
Germany, Italy fighting off the global credit freeze
While the German government pours unprecedented sums into its ailing financial sector, Italy is working to keep its second biggest bank liquid, writes Glenn Dyer.
Questioning Buffett’s “show of faith” in Goldman Sachs
On the surface of things, Warren Buffett’s buy into Goldman Sachs seemed canny. But might it come to be a burden? Adam Schwab investigates.
Eslake: Why Australian Banks are standing strong
Crikey asked Saul Eslake, Chief Economist with the ANZ Bank, to detail why Australia’s financial giants are in a more comfortable position than their international counterparts.
Global markets wrap: When a crunch becomes a freeze
The credit crisis is affecting markets the world over. Here, Glenn Dyer looks at how global markets are reacting.
NAB bullish on 0.5% rate cut
With the RBA set to decide on a rate cut next Tuesday, the NAB is confident they will cut by .5%. Glenn Dyer reports.
Kohler: What is a depression, and are we headed into one?
Recession, depression. Two words being used to describe where the global economy is or where it is headed. But what do they mean? By Business Spectator’s Alan Kohler.
