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The Federal Government is expecting a bigger budget deficit this financial year than originally forecast.
The updated budget papers predict a $41.5 billion deficit, which is almost $1 billion more than the July forecast.
Key points: Budget to return to black in 2012/13 with $3.1b [...]

 
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Australia’s surging dollar will not derail plans to get the national budget back into surplus by 2013 despite its impact on tax revenue, Australian Prime Minister Julia Gillard said on Sunday.
In the last week the Australian dollar <AUD=D4> has strengthened beyond parity with the US [...]

Firstly, you have the sheer convenience of shopping from your work, or from home in the comfort of your PJ’s, with a glass of wine next to the keyboard. And secondly, if you’re like me and have perfected shopping into a fine art, there’s the ‘present feeling’ you get when your purchase finally arrives.
To be [...]

Today I want to take a brief – very brief – look at China. You know China, that’s the economy to our north that saved Australia from economic death last year.
As you may have read in these pages before, don’t believe the hype about Australia’s resilient economy and sound banking system being the reasons why [...]

Has Generation ‘Y’ Given up on Property?

The definition of a Gen Y is someone born between 1980 and 1995. But for most people Gen Y is just a euphemism for layabout, bludger or timewaster. And it helps to explain the alternative reference of ‘Gen ID’ – which means ‘Generation I Deserve’.
Let’s be honest, the name [...]

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Experience has repeatedly taught me to be wary of ‘hot tips’, especially when they concern unproven speculative enterprises. In an efficient market one must be careful not to forget that by the time you have received the tip, so have a thousand others and the expectation will most often [...]

It’s Christmas Eve and I hadn’t planned to write you a note today, but there was a news item from yesterday that I just couldn’t ignore.
I’ll keep it brief though as there’s still a bunch of last minute Christmas shopping to take care of, and we are supposedly on holiday…
You have to ask yourself, why [...]

Well, it looks as though while we were tapping away on these thoughts and you were either reading them or ignoring them, the cheeky scamps in government have already been drying the ink on the next phase of the Super Theft campaign.
Don’t worry about the Henry or Cooper reviews, when you’re in government it seems [...]

Myer seeks $2.34bn in initial public offer of $3.90 to $4.90 a share
In its prospectus, Myer said it planned to sell 479.3 million to 499.5 million shares though the offer at $3.90 to $4.90 a share.
The share sale will raise at least $1.94bn, Myer said, and give it a total market capitalisation of $2.28bn to [...]

Australia Govt Urges Structural Split Of Telstra
If Telstra doesn’t agree to separate its businesses, amended telecommunications laws to be introduced into Parliament later Tuesday will allow Canberra to force a “strong functional separation” on the group.
Communications Minister Stephen Conroy said the new measures “will finally correct the mistakes of the past” that have allowed Telstra [...]