EDITOR'S PICKS

In this week's essential reading guide, Kohler says Malcolm Turnbull's debt reduction plan is doomed, Gottliebsen explains why Australia is starting to look more like an emerging economy and Bartholomeusz examines the controversy surrounding the Myer float.

Turnbull's four steps to annihilation
Alan Kohler
The worst part of the tired and dismal 'Four Point Plan' unveiled by Malcolm Turnbull yesterday is that it will lead the opposition into a deadly trap. Somebody should have checked the numbers first.

What's behind the rate leak chatter?
Alan Kohler
While there's a clear reason for the central bank to prime the market ahead of a rate rise, the possibility the information could be traded on before the outcome of the meeting is known is a concern.

Coupled to emerging Asia
Robert Gottliebsen
As China and India lead the world out of the recession, Australia is looking more like an emerging country than a developed country, with a growing population and infrastructure projects high on the agenda.

Rate hike side-effects
Robert Gottliebsen
Reserve Bank governor Glenn Stevens is worried about ballooning house prices, but by addressing the problem with interest rate rises he risks nasty consequences in other parts of the economy.

Hawking Myer's wares
Stephen Bartholomeusz
While there is some suspicion that the Myer float is a 'pump and dump' exercise, Bernie Brookes and other present investors will be taking the same risk as future retail shareholders.

Can Telstra kick back?
Stephen Bartholomeusz
Telstra's rivals are sinking their boots in and are backing the government's broadband plans. But, that's not surprising – the proposal will result in a wireless duopoly if Telstra doesn't play along.

The China bubble threat
Q&A by Isabelle Oderberg
Asset bubbles in China or other Asian nations are the greatest threat to the world economy, says the man who led Bill Clinton's banking reforms, Gene Ludwig, adding that without an equivalent of APRA, the US will face a second crisis.

Boards feel the heat
Giles Parkinson
A new survey is prompting major investors to question company boards about what it is that they are doing about reducing their carbon emissions.