Keneally backs Greiner in the NSW Premier League clash. Hold on a moment. Who’s running New South Wales? Does Nick Greiner want his old job back?

The former NSW Liberal premier, who was anointed head of Infrastructure NSW in May, says the state government urgently needs to raise $20 billion by privatising electricity if it wants to fund new roads and railways.

“It’s obvious … asset sales are an absolutely unavoidable part, an absolutely essential part if the government wants to increase infrastructure funding,” Greiner told The Daily Telegraph.

But that was just for starters. He was soon offering opinions on how to run the railways and giving the current premier, Barry O’Farrell, stick over the pace of reform, admitting he was “impatient”.

“Barry’s Barry,” Greiner told the Tele, “he’s not Nick, he’s not Jeff.”

Greiner’s gripe brought a shocked reaction from another former NSW premier, Kristina Keneally, who has been similarly surprised by O’Farrell’s lack of reforming zeal.

“It’s a bizarre move by O’Farrell to give away his power and authority, and particularly to hand it to the former premier Nick Greiner,” Keneally told The Power Index this morning. — Paul Barry (read the rest here)

Glenn Stevens’ salary takes a nosedive. Glenn Stevens may not be able to afford that new plane after all, after federal treasurer Wayne Swan made it clear the Remunerations Tribunal would decide the central banker’s salary from now on instead of the RBA board.

The announcement comes after the amateur pilot received a $40,000 pay rise last year to take his salary up to $1.049 million — making him the highest-paid public servant by more than $200,000.

But is Stevens really overpaid? Compared to what some of his fellow Money Movers top 10 are earning, you would suggest not. After all, Australian bankers seem to earn astronomical salaries. — Tom Cowie (read the rest here)

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