Adam Schwab
Adam Schwab is a commentator, business director, and the co-founder of LuxuryEscapes.com. He is also the author of Pigs at the Trough: Lessons from Australia’s Decade of Corporate Greed.
With virtually every major policy initiative of Kevin Rudd very publicly abandoned, there is one almighty policy that is not only surviving, but thriving: the $43 billion National Broadband Network.
Australia’s residential housing bubble has been supported the myth that Australian capital cities are suffering a desperate housing shortage.
PT Barnum was once claimed to have noted that "there’s a sucker born every minute". If he was talking about investors in agribusiness managed investment schemes, he would probably be right.
While Australia’s public debt levels when compared with the US or many European nations are low, household (or personal) debt - especially mortgage debt - are among the highest globally.
Since being appointed CEO in 1987, Wal King has been one of Australia’s best-performing CEOs, drawing remarkable returns for Leighton. It's also made King exceedingly rich.
While the opposition looks set to oppose the MRRT, Julia Gillard has come up with what appears to be a very well-designed compromise in a remarkably short time.
While the price of gold has increased by 11.99% annually since 2001, that rise has been clearly outstripped by the increase in residential property in all capital cities other than Sydney.
With the exception of use in jewellery, gold offers virtually no practical use. However, it has been arguably the world’s best store of value for the past few thousand years.
Arrow Energy shareholders probably wouldn’t have been able to believe their luck when Royal Dutch-Shell and PetroChina lobbed a $3.5 billion takeover offer in March.
The Resources Super Profits Tax, the monstrosity devised by Ken Henry, is certainly not the solution. And yes, pesky economists and commentators will continue to criticise it.
