EDITOR PICKS: The best of the week
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Business Spectator's editors have chosen five of the best and most-read commentary pieces from the past week.
KGB Interrogation: Eddy Groves
Kohler, Gottliebsen and Bartholomeusz
In an exclusive interview from Los Angeles, Eddy Groves gives his version of the events that brought ABC to its knees and outlines his bold plan to save the company.
Eddy left himself exposed
Alan Kohler
Eddy Groves has lashed out at Citigroup, angry that on the same day it issued a damaging report on ABC Learning and made a margin call on his personal debt. Had he been more careful, neither of these things could have happened.
Rudd plays with fire
Robert Gottliebsen
Kevin Rudd's threat to punish banks that increase their interest rates beyond the RBA's 0.25% official rise highlights his inexperience. If Rudd follows through, bank profits will fall and overseas lenders will become nervous about Australia.
Red rag to a bear
Stephen Bartholomeusz
edge funds planning short-selling raids have to guess the share price that will trigger a damaging sell-off – which is why they'll welcome ASX calls for company directors to make this sensitive information public.
Farmers share the burden
Miles Lane
New co-production investment products give both cash-strapped farmers and investors a way to profit from rising grain prices and better weather.
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