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Business

(Image: AAP/Mick Tsikas)

How bad is the economy? Let us count the ways.

A torrent of economic data emerged yesterday to suggest the stagnating economy is at risk of turning into something worse.

Prime Media CEO Ian Audsley (Image: AAP/Lukas Coch)

Media decline leaves franking credits stranded

The decline of regional media has been so rapid that one company will be left unable to use its biggest asset.

Reserve Bank Governor Philip Lowe (Image: AAP/Dan Himbrechts)

Reserve Bank flags that government must address stagnation

The Reserve Bank has suggested monetary policy has done most of what it can for a stagnating economy — and that it's time for the government to step up.

(Image: Getty)

Uber is having a global existential crisis

Worldwide legal battles, shifting policies and unclear definitions mean that Uber's future is far from certain anywhere in the world.

Harvey Norman co-founder Gerry Harvey (Image: AAP/Aman Sharma)

You've lost it, Gerry. It's time to go.

After a two-hour insult-fest at yesterday’s extraordinary Harvey Norman AGM in Sydney, it's clear that something needs to change.

Former Westpac CEO Brian Hartzer (Image: AAP/Lukas Coch)

Money laundering is a global problem, so why did Westpac ignore it?

Bank after bank around the world has been caught failing to comply with money laundering laws. Westpac has no excuse for not heeding the lesson.

(Image: AAP/Kelly Barnes)

Heads are rolling at Westpac, and no one is equipped to catch them

Westpac is in damage control following the AUSTRAC scandal, but there are signs the bank's top brass is still in denial.

(Image: AAP/Lukas Coch)

China — boldly doing what corporations have been doing for decades

It's no surprise the Chinese government tried to fund its own Australian MP — it was merely following the lead of corporations and special interests in exploiting our flawed political system.

Westpac has crossed the Rubicon

Even within the frame of our lowered faith in the banking sector, Westpac's alleged 23 million breaches of anti-money laundering laws may be a bridge too far.