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EDITORS' PICKS

In this week's essential reading guide Kohler doubts the success of coordinated global efforts, Gottliebsen identifies a nasty currency combo, Bartholomeusz looks beyond David Murray's time at the Future Fund and Maley finds a big fish in Japan.
By · 22 Feb 2013
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Shock, awe but little effect
Alan Kohler
Over the past week global leaders have coordinated efforts to stymie Gaddafi's aims in Libya, suppress the yen and sooth the eurozone's debt woes. But these short-term measures will be – at best – ineffectual.

A dangerous Australian dollar-carbon combo
Robert Gottliebsen
The Australian dollar is already putting many local industries under pressure and a carbon tax will merely transfer operations offshore and potentially squander the riches of a once in a century mining boom.

A war Europe and America can't afford
Robert Gottliebsen
Leaders in Europe and the US know that asking residents still reeling from the financial crisis to fund a war in Libya will be a hard sell. But with no end-game in sight, it's a reality they may have to face.

Telstra shakes its troubled Future
Stephen Bartholomeusz
Now that the Future Fund is no longer a major Telstra shareholder, the telco will have more control over its own affairs and pressure on its share price could ease.

Labor swaps MRRT opponents
Stephen Bartholomeusz
By re-affirming its promise to provide credits for all state royalties under the MRRT the government has ducked another battle with the miners, but must now persuade the resource states – with carrots or sticks – to freeze those royalties.

A bitter future for Murray
Stephen Bartholomeusz
With David Murray just hanging on as chairman of the Future Fund – despite reports of bitter infighting – the focus will soon shift to his successor, who will probably wield even more power.

Pity Portugal's Socratic paradox
Karen Maley
Portugal's erupting political crisis, which could lead to the resignation of Prime Minister Jos Scrates and see the debt-laden country put its hand up for a bail-out, has come at a bad time for the European Union.

Buffett's still big on Japan
Karen Maley
Warren Buffett expects some big buying opportunities as Japan recovers from the tsunami and nuclear crisis, suggesting the country's enormous debt burden isn't a factor – at least for now.

Cultivating NSW Labor's wasteland
Rob Burgess
With Labor facing electoral armageddon in NSW, the party desperately needs young, bright recruits to get it back on track before the 2015 poll.

Wilkie takes a $20 million bet
Rob Burgess
The campaign against Andrew Wilkie's gambling reforms might cause turbulence for Julia Gillard, but she needs his support to continue with her agenda and he won't budge on this issue.

CLIMATE SPECTATOR: Japan fallout may reach Durban
Giles Parkinson
The implications of Japan's nuclear crisis may impact international climate change talks. But is nuclear really that crucial to long-term emission reductions?

The hysterical republic
Oliver Marc Hartwich
Berlin's responses to Japan, Libya and troubled European neighbours are making Germany look like an ill-mannered child on the international stage. Perhaps it's time to ignore the narcissistic nation.

Approaching NBN breaking point
Andrew Harris
Optus and Internode are leading a charge against the national broadband network's pricing model, leaving the government in a very awkward position.

Why negative gearing has failed
Unconventional Economist
Claims that negative gearing adds to housing supply and keeps rents low are clearly ridiculous. A new approach is desperately needed.
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