NYC fine dining goes cheapDiscounting is a strategy high-end restaurateurs usually avoid out of fear of eroding the cache of their brands. But times are tough.
Global credit crunch
RBA super problems show why Rudd is right — to the tune of $18b
Alan Kohler had a fabulous column on Business Spectator this morning about the Reserve Bank super fund cranking up its risky investments in 2006-07 and probably plunging into unfunded territory with the broader market, writes Stephen Mayne.
MFS and City Pacific propose shot-gun wedding
It is getting expensive, but I’m chasing this market lower, spending $35,000 stacking another 58 stocks into the portfolio so far this year, including eight more this morning.
Centro trading halt has investors fearing the worst
Centro’s trading halt is just part of the extraordinary global credit crunch which saw some more remarkable developments over night, writes Stephen Mayne.
Swan and Tanner: a study in contrasts
It’s very early days, but the Rudd Government seems determined to follow the path the Hawke administration stumbled onto and be realistic economic reformers. But Wayne Swan seems to have been lost for words over the past few days as he has tried to talk tough on rate rises, writes Christian Kerr.
Centro calamity: $5 billion in equity destroyed today
Centro Properties today assumed a prominent role in the global credit crunch when a series of shock announcements caused the destruction of $5 billion in largely Australian savings in one morning. If our second biggest shopping centre company can’t survive, is anyone safe? asks Stephen Mayne.
Heavy for Kevvie
Let’s say it right at the beginning. It won’t matter how many times Kevin Rudd says he is an economic conservative. It won’t matter how many schools or homeless shelters he visits. Nothing this will make a jot of difference if the United States goes into recession, writes Christian Kerr.
BHP signals our ever growing dependance on Chinese demand
A couple of years ago, BHP Billiton spotted what the growth in China was doing to its businesses and has been leading the move away from US dependence ever since.
$17 billion is okay, but we’re no world leaders
Peter Costello was back at his fiscal fibbing best yesterday when he unveiled the government’s healthy cash flow for 2007-08 and declared “this would be the strongest fiscal position probably in the developed world”, writes Stephen Mayne.
Costello calms the markets with the big lie
ABC radio’s chief political correspondent Chris Uhlmann was only half joking yesterday when he claimed the remarkable 200 point afternoon stockmarket rally coincided with reassuring statements from Treasurer Peter Costello during Question Time.
Our U-deal with India: what cost the NPT?
Shuold we or shouldn’t we, and what does it mean for the nuclear non-proliferation treaty? Those are just some of the questions surrounding the federal government’s decision to sell uranium to India.
