At least five (with more to come) people retrenched from GTV 9 yesterday, including a Footy Show senior producer, VTape and master Control Ops, a director and finance dept clerk.

Which Roman Catholic owned charity lost over $1million in the sub prime market? I am sure the donors are happy they had it to lose! not……

The Australian Democrats are planning a comeback. Interesting.

CBA has just cleaned out its IB and Markets division on the trading floor in Sydney. Some 20 people have been let go. Costs are being cut massively. Melbourne will be today, and the other states shortly. Despite the fact that this area is the most profitable area for the bank (on head count). Ian Saines, the head of the group was noticeably absent during the day, and sent an email on Melbourne Cup day to all staff telling them it was happening (Melbourne were on a public holiday) Morale is incredibly low.

Peter Fray

Save 50% on a year of Crikey and The Atlantic.

The US election is in a little over a month. It seems that there’s a ridiculous twist in the story, almost every day.

Luckily for new Crikey subscribers, we’ve teamed up with one of America’s best publications, The Atlantic for the election race. Subscribe now to make sense of it all, and you’ll get a year of Crikey (usually $199) and a year’s digital subscription to The Atlantic (usually $70AUD), BOTH for just $129.

Peter Fray
Editor-in-chief of Crikey