Surviving better than most. Australia’s big four banks emerge from an international comparison released overnight as a profitable quartet benefiting from lower operating costs than most. The Bank of International Settlements (BIS) data has Australian banks’ pre-tax profits at 1.19% of total assets. The next most profitable are Canada’s at 1.08%
Boat people as a political issue. I have posted on The Stump blogsite a survey I did last night of the most read stories on Australian newspaper websites. The recent deaths of boat people did not feature on any list.
A page one story to think about. From this morning’s Jakarta Post:
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The Nationals sense a revival. The National Party can sense a revival of its fortunes coming from defeating the two sitting NSW independents in the House of Representatives. Last week it was the conversion of a once Labor leaning state independent into a National candidate. This week it is the launch of its Get ride of Rob website.
A quote of the day:
“The right does not have a monopoly on paranoia, as the conspiratorial fantasies of supporters of Julian Assange show.”
— Nick Cohen writing in The Observer
Some news and views noted along the way: