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Is Target creating a generation of young “sl-ts”? Or are children too busy learning how to spell to understand the more complex symbolism of raiment?

Sol Trujillo has retained his high profile US board seat on discount retailer, Target.

Wayne Swan was sworn in yesterday as Treasurer. Swan has said that dealing with inflationary pressures in the economy will be the government’s “number one priority”. With inflation rising and the US heading for a possible recession, the prospects of a second Labor term depends on how Rudd and Swan handle what happens next.

The highlights and lowlights of this morning’s sharemarket activity.

Where was the ASX when Hills Industries shares spiked almost 15% late last week? asks Glenn Dyer.

With inflation hitting the top of the RBA’s target band and continued fragility in US markets, Crikey asked a panel of leading economists if now is a bad time to win government.

Bastardry or brilliance? How about a bit of both? It’s an almighty piece of petulance from Dollar Sweetie, but it’s not without its logic. Costello has given the ALP another scalp, but has also denied them a target, writes Christian Kerr.

Kevin Rudd will get a hero’s welcome at the upcoming climate change negotiations in Bali and Australian ratification of the Kyoto Protocol will be warmly received by national leaders everywhere but Washington and Ottawa, writes Guy Pearse.

And now the worms turn. Perhaps not today – they’re a bit distracted by the Liberal Party rabble – but soon enough. The journalists who have been bagged by Coalition toadies and would-be Liberal candidates as being a bunch of doctrinaire Howard-haters will start to show their true colours, writes Michael Pascoe.

What The Independent, The Guardian, The Washington Post and more are saying.

For those who believe that the music will never stop, like the market’s most oft-quoted bull, Charlie Aitken, Flinders Diamonds should be a somewhat of a warning bell, writes Adam Schwab.

The highlights and lowlights of this morning’s sharemarket activity.

For the Liberals, a picket fence-themed party is always a hit. Kevin ‘07 revellers need a decorative mood that’s triumphal and happy — but can be turned around at a moment’s notice.

Will we be seeing any more big spending policies? Probably not. There’s a practical reason for that, writes Christian Kerr.

Once upon a time when people came together it was likely to be in a civic space – a common, park or town hall. Then came the shopping malls, which provided air conditioned meeting places, so long as you didn’t mind being bombarded with commercial messages. Now we have social networking online.

Surprise, surprise. Social networking internet site Facebook has begun selling advertisements to all the people now addicted to it. The same people — Gen X and Y — advertisers find so difficult to reach. Cash cow, anyone?

Facebook set to become just another spammer? … Facebook has fulfilled its destiny: it is now Adbook … Just capitalising on what friends already do … Facebook abuse, the new web violation … Does it even work anyway?

We as youth have been receiving some interesting responses from the candidates. Some have been really supportive, some understanding, some incredibly helpful and some absolutely ridiculous. Our example of the ridiculous involves our meeting with Malcolm Turnbull, writes Stela Solar.

The Howard Government is desperate. Fancy running yet another attack ad off the back of Peter Garrett’s throwaway line to Steve Price last week. It will not change a vote, writes Adam Kilgour.

On Wednesday ASIC released its much anticipated regulatory guides on the content and independence of Independent Expert’s reports. Much criticism has surrounded the publication and content of Independent Experts reports, with many repeating the old adage that the reports are neither independent, nor expert.

Environment Minister Malcolm Turnbull yesterday claimed that Labor’s MRET target of 20% by 2020 was like “slapping the coal industry in the face.” Undeterred by the uncomfortable conflict between juggling the Environment portfolio and also leaping to the defence of the coal industry, Turnbull said Mr Rudd had “slammed the door in the face of the coal industry”, by not including clean coal technology in the ALP’s policy.

In the end, in the wash up of Tony Abbott’s big day out, it’s the impression of arrogance that lingers, and that’s the thing that will settle in the public mind.

John Howard says Kevin Rudd now agrees with him on climate change. Oh, really? asks Guy Pearse.

The highlights and lowlights of this morning’s sharemarket activity.