This is more Lindsay Tanner’s budget than Wayne Swan’s or Kevin Rudd’s. Remarkably, Tanner has found $2 billion more in savings than Swan and Rudd are spending.
Mauling higher incomes
Treasurer Wayne Swan and Finance Minister Lindsay Tanner have unveiled a secret weapon to maul the finances of higher income families – and all in the name of tax 'fairness'.
A merger with Westpac will solve many of St George's problems and no-one knows those problems better than Westpac's chief executive Gail Kelly.
The increase in St George's cost of funding has substantially reduced its ability to compete. But with non-banks decimated and foreign banks retreating from our shores, the Federal Government may be tempted to create a 'fifth pillar'.
Trading in the dark
The market for carbon trading is growing at tremendous speed, but as long as investors continue to operate in a knowledge vacuum it will remain highly speculative.
May cause insomnia
The global market for over-the-counter derivatives is now worth about $US681 trillion. That sounds like an awful lot to me. Should I be concerned or should I just try to go back to sleep?