Megaphones Watch: Akerman v Albo, Smith on nuclear. Piers Akerman attacks Anthony Albanese over “gollygate”; Dick Smith stokes nuclear fears to sell food; Ray Hadley calls for calm … Here we reveal what Australia’s most powerful Megaphones have been up to over the past week. — Matthew Knott (read the rest here)
MacBank’s propellerheads tip Cup winner. Cold, hard and calculating — with not a fascinator in sight. Macquarie Group may have been struggling in the wake of the GFC to resurrect the reputation of the old Millionaire’s Factory, but at least they know how to pick a Melbourne Cup winner.
The investment bank’s quantitative analysis team, coming back to try and produce the good oil for the third year in a row, came up trumps by selecting French galloper Dunaden as its hot favourite based on a series of factors. Dunaden ended up sneaking home by the smallest of margins at $8 on the tote. Red Cadeaux, a $41 chance the Macquarie’s team dismissed as a “bottom ranking donkey”, was desperately unlucky to finish second. Things could have been so different, eh? — Tom Cowie (read the full story here)
Aussie league legend scores business foul. Former rugby league powerhouse Ben Elias made a name for himself helping the Balmain Tigers score points on the pitch. But the sportsman-turned-businessman has now scored a bit of an own goal.
Elias’ mining business, Chameleon Mining, is in a spot of bother with the ASX. Chameleon has breached rules on related party transactions by placing 25 million of its shares with Perth Glory soccer club owner Tony Sage – who is also a Chameleon director. — Lucy Clark (read the full story here)