The full impact of cyclone Yasi will be revealed this morning, as north Queensland wakes up to examine the aftermath of a category five cyclone. Initial reports indicate damage isn’t as bad as originally feared, but thousands have been left homeless.
Tully
Merrill Lynch hasn’t seen the last of sub-prime carnage
While the US markets leapt overnight on news that the Fed will once again lower interest rates, the stench from the sub-prime fiasco doesn’t seem to be dissipating, writes Adam Schwab.
