GetUp! boss says pokie campaign a flop. GetUp! director Simon Sheikh says the clubs movement has run a shoddy campaign against Andrew Wilkie’s proposed poker machine reforms. “They’ve run a pretty poor campaign so far and we’re lucky they have,” Sheikh told The Power Index.
“There was all this build up about a scary campaign. I was in Canberra the day after it [the first round of ads] was released and there was this feeling of relief in Jenny Macklin’s office. They were thinking, thank goodness Clubs Australia is running this ridiculous campaign.” Sheikh said the clubs had gone too hard too soon in their fight to kill off mandatory pre-commitment. — Matthew Knott (read the full story here)
Eurozone needs to hurry up, say Money Movers. Australia’s most powerful bankers have had their say and it’s not pretty. We’re headed for GFC mark II, say the Money Movers, and the fallout from the European debt crisis could be felt globally.
Outgoing Commonwealth Bank CEO Ralph Norris, recently named our third most powerful Money Mover, told Fairfax press that global credit markets “effectively froze” this week when Germany managed to sell only two-thirds of the €6bn worth of bonds it put up for sale. ”This has potential to be significantly worse than the Lehman Brothers collapse and the subprime crisis because now we are talking about nation states,” the buck-toothed Kiwi said. — The Power Index (read the full story here)
George Miller wants Crean to give game industry a break. Happy Feet director George Miller is showing even the most powerful of lobbyists how to get your own way: by convincing arts minister Simon Crean that a tax rebate is needed to support the local production of video games.
The rebate would be an extension of the current 40% producer tax rebate that has helped films like Baz Luhrmann’s The Great Gatsby get made locally, according to The Australian Financial Review. Crean has already declared there’s a “strong case” for the rebate which he’ll explore in the lead up to the next budget, following a visit to Miller’s Dr D studio where Miller outlined how local production houses could tap into the worldwide $60 billion games industry. — The Power Index (read the full story here)