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.
The decision to split Foster’s beer and wine businesses is a rare piece of good news for investors in the company, who have witnessed precious little capital growth for the best part of a decade.
Instead of the poorly thought-out super tax, Kevin Rudd and Wayne Swan must be wondering why they didn’t just increase the company tax rate for miners.
The misreporting of Australia’s residential property market continues unabated, while the body in charge of Australia’s money supply continues to deny the existence of a debt-fuelled housing bubble.
Things have gone from bad to worse for Transurban chairman David Ryan, with its shares tanking and news that ABC may have been trading while insolvent.
When you spend more than you earn, and have to borrow money to make up the difference, eventually your lenders wise up to the fact that you won't be able to repay the debt. That's what's happening in Greece.
The board of retailer Clive Peeters yesterday appointed McGrath Nichol to act as administrator of the company after the company’s banker, NAB, refused to provide new funding to the retailer.
The largest shareholder in Everest, Wingate Financial Services, recently sent a letter to other Everest shareholders encouraging them to vote against the incumbent directors.
Combined with increasing interest rates (as the cost of money returns to a more reasonable level), it appears that the market will be belatedly doing its job, proving the adage, the solution to high prices is … high prices.
Property watchers continue to question the bizarre set of circumstances that has led to house prices continuing to rise but loans to finance property purchases falling.
The Australian housing bubble is causing investment in over-priced property to the detriment of dynamic business. This may be "productive" for real estate agents or mortgage brokers, but not for the Australian economy.
