EDITOR PICKS

In your essential weekend briefing, Kohler looks at how the credit crunch will continue to hurt the real economy, Gottliebsen explains that Gunns' pulp mill plan may still survive and Bartholomeusz reveals why the banks almost didn't pass on this week's rate cut.

Crunch time for the real economy
Alan Kohler
The 3 per cent reversal on Wall Street is merely the latest phase of the credit crunch moving to the real economy, and unfortunately there is more of it to come.

Gunns breaks through
Robert Gottliebsen
Gunns chairman John Gay has emerged from doing battle with turbulent credit markets and a hostile green movement with roughly enough capital to consider building the pulp mill without a partner

Rate cuts a real stretch
Stephen Bartholomeusz
The big banks have bowed to pressure and passed on the full 25 basis point cut in rates. As the cost of medium to long term funding continues to rise, something has to give.

Cap-and-trade chaos
Giles Parkinson
Cap-and-trade emission reduction schemes look to be a boon for lawyers and a headache for investors, due to the threat of government rule changes and legal challenges.

Charging up B&B Power
Tony Boyd
The latest accounts from Babcock & Brown Power reveal the scope of the parent company's generous fee take and some less than preferential interest charges.

Market may drag bottom
Q&A BY Isabelle Oderberg
Ord Minnett research boss Simon Kent-Jones says a recovery in the stockmarket may take up to six months or even longer.

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