Michael Chaney’s recent attack on investor short-termism after the negative reaction to NAB’s $917 million purchase of the South Dakota-based Great Northern Bancorporation, suggests there is growing frustration about the relative decline of what was once indisputably Australia’s biggest bank.
Relative decline
Does manufacturing need a saviour?
The Labor spokesman for Industry, Kim Carr, has reopened a settled debate by hinting at a reversal of the lower tariff regime that for 20 years has enjoyed bi partisan support. Does the Australian manufacturing sector need Kim Carr to rescue it from dastardly distress?
