King canute


Treasurer, be careful what you wish for

There’s an adage about being “careful for what you wish for” that could apply to the increasingly shrill scaremongering coming from our Federal Treasurer, writes Glenn Dyer.

The Chinese government undertakes the ultimate pork barrelling

Like King Canute of legend, the Chinese Government’s attempts to control rising inflation through a freeze on all government prices, fees and charges for the rest of the year, is doomed to failure, writes Glenn Dyer.

The many anecdotes of Richard Woolcott

Richard Woolcott is Australia’s most respected diplomat with connections world-wide second to none - but Howard and Downer won’t have a bar of him at APEC, where he is known personally to most of the participants.

Don’t forget distressed debt

Reading much of the commentary by various Australian financial market commentators about the genius of private equity and their seeming insatiable appetite for snapping up Australian companies often reminds me of the story of the fawning courtiers around King Canute who told the King he could even command the sea.