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What's new? Classic economics, Adam Smith-style, says the price of any product is the combination of the cost of labour, the rent on the land to produce the product and a return on capital employed. Of the three, land is the lowest returning asset, although some wage-earners would dispute this.
12yr ago

Tax victory for Macquarie head

THE non-executive chairman of Macquarie Group, David Clarke, has won a legal battle over a hefty tax bill he incurred after he got the bank to bail out his favourite football code.
12yr ago

O'Hoy out as Foster's moves on

SIX weeks after handing in his resignation at troubled beer and wine giant Foster's Group, chief executive Trevor O'Hoy has been shown the door by chairman David Crawford. Mr Crawford has persuaded former Cadbury confectionery chief Ian Johnston, who only joined the Foster's board as a non-executive director in September, to come out of retirement and help run the group as acting chief executive.
12yr ago

Alumina on shelf - for how long?

ALCOA chairman Alain Belda is getting on in years. The 40-year company man has turned 65 and if his thoughts haven't turned to retirement, there are many others doing it for him.
12yr ago

Suburban golf club land suits developers to a tee

CARA Beed, like so many Melburnians, appreciates the open space and greenery a park, oval or golf course affords - so much so that she decided decided to buy a house near the Eastern Golf Club.
12yr ago

When will this end?

The Australian share market has recorded its ninth successive down week. The second half of the year is beginning in remarkably similar fashion to the first half. Three weeks into the calendar year the ASX200 had fallen by 22% from its most recent high six weeks earlier. Right now, the index has fallen by 19% from its most recent high two months ago.
12yr ago

No need for panic

Be alert but not alarmed. Now is not the time for unreasonable pessimism.
12yr ago

Big Brother denies staff rip-off plan

THE makers of reality-television series Big Brother have dismissed allegations they planned to cheat production staff out of their entitlements after the show was axed.
12yr ago

Octaviar boss says accept deal or he'll liquidate

THE chief executive of embattled property group Octaviar has thrown down the gauntlet to creditors owed more than $1 billion by threatening to place the crumbling empire in liquidation if they do not support a payout of 22.5? in the dollar.
12yr ago

B&B Power sells third station to ease debt

TROUBLED energy generator Babcock & Brown Power yesterday moved a step closer to lifting the cloud of short-term debt hanging over its operations by agreeing to sell its third power station in a fortnight.
12yr ago

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