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RIO Tinto has raised the stakes in the mining industry’s fight with Kevin Rudd over his new super tax by shelving its $11 billion expansion plans in Western Australia.
In a fresh blow to the Prime Minister’s tax reform plans, the mining giant said it would withdraw its plans [...]

AUSTRALIAN house prices are 50 per cent above fair value, warns the man who predicted the GFC.
Edward Chancellor, of US investment management firm GMO, says the Australian economy is yet to emerge from the global financial crisis, despite the widespread belief it has escaped the worst of it ahead of the rest of the world.
Mr [...]

Dr Phillip Low, a senior member of the Reserve Bank of Australia (RBA) recently announced that Australia’s relationship with China has decades to run.
“For the next twenty years, on average, it is going to be a good 20 years for China and for us”. Dr Lowe said.
However, on the other side of the world Jim [...]

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 [...]

Stock markets around the world slumped Friday after President Barack Obama unveiled plans to limit the size and scope of US banks and financial firms in a fresh offensive against Wall Street excesses.
Markets from New York to Tokyo reacted with barely-restrained panic to Obama’s drive to limit the size of the largest banks and introduce [...]

Banks make fools of the press
Poor old Michael Pascoe must also be spitting coffee across the breakfast bench this morning when he reads that headline. Because just two weeks ago he wrote in The Age:
“Big Four no longer banking on guarantee.”
He went on to write:
“There’s been a phoney war in recent months about the [...]

Victoria Invests $363 Million To Keep Australian Open In Melbourne
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Melbourne Park will remain the home of the Australian Open for generations to come thanks to a multi-million dollar transformation of the world-class sporting precinct.
Premier John Brumby said a major facelift to Margaret Court Arena – including the installation of a new retractable roof and an [...]

australia stock market
Is Japan Worth More to Australia than Minke Whales?
No one likes to talk about the elephant in room. Or in this case, the whale in the pool.
Many Japanese find the slaughter and eating of ‘Skippy’ just as offensive as we do the killing of whales for ’science’.
And, despite the statement that the Rudd [...]

australia stock market ,australia stock market news
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 [...]