EDITORS' PICKS

In this week's essential reading guide, Kohler looks at why China is being painted as the saviour of the global economy, Gottliebsen examines the terrible state of Australia's biotech sector and Bartholomeusz explains what is behind the banks' credit rationing.

By Eureka Report ·
13 Mar 2009

Will China hold?
Alan Kohler
The expectation that China will become the new engine of global growth, fund US government debt, hold up its own currency, shrink its trade surpluses and support commodity prices, is just too much for one nation to bear.

Biotech's fight for life
Robert Gottliebsen
There are only eight locally listed biotech firms that are cash positive. With the sector in crisis, firms must find a way to tap self managed super funds if they are going to find the cash they need to survive.

Balancing the banks
Stephen Bartholomeusz
The rationing of credit for businesses highlights the fact that our major banks have restructured their loan books and reduced their exposure to risk since the 1990s local banking crisis.

NAB learns the Clyne mantra
Tony Boyd
NAB's new strategy involves a major shift towards openess, with CEO Cameron Clyne intent on eliminating the 'transparency discount' on the bank's shares.

Media held to account
Q&A by James Frost
TV will remain at the forefront of advertising but will not be so dominant in future, says Mitchell Communications' executive chairman Harold Mitchell, who adds that the Australian advertising industry is in pretty good shape.

The end of economic growth?
Paul Gilding
It is time to debate the question nobody wants to hear – isn't it our flawed notion of 'growth' that is precipitating the simultaneous and connected economic and ecological crashes?

Carbon cost blow-out
Giles Parkinson
Heavy carbon emitters remain focused on making the Rudd government's carbon pollution reduction scheme as low-cost as possible. Meanwhile the future costs of carbon pollution appear to be spiralling out of control.