EDITORS' PICKS

In this week's essential reading guide, Kohler examines the deal between Microsoft and Yahoo, Gottliebsen explains our carbon trading blunder and Bartholomeusz explores the real message from the iron ore price negotiations.


KGB TV: Joe Hockey
Kohler, Gottliebsen, Bartholomeusz
The relative strength of the Australian economy comes at a heavy price which is yet to be paid, warns Shadow Federal Treasurer Joe Hockey, who adds that if debt got us into the GFC, sovereign debt won't get us out.

No gong for Bing
Alan Kohler
The problem for Microsoft/Yahoo is that while Bing is 'as good as Google, maybe slightly better', that just won't cut it. To challenge a dominant player you have to be better, much better.

Our carbon trading blunder
Robert Gottliebsen
Political wrangling over the government's emissions trading legislation is obscuring an important problem – while a trading scheme was the right choice two years ago, developments in the energy sector now make a tax the better option.

BHP's China communiqu
Stephen Bartholomeusz
The update from BHP on its iron ore negotiations contained a message for Chinese steel mills: the benchmark pricing system, and its inherit hostilities, cannot continue in its current form.

The myth of NBN profits
Tony Boyd
Evidence is mounting that the commercial viability of the National Broadband Network is shaky, with the project not expected to return its cost of capital even with aggressive pricing and take up.

Eslake's ANZ swan song
Q&A by Isabelle Oderberg
We're over the worst of the financial crisis, but interest rates won't be going up before Christmas, says outgoing ANZ chief economist Saul Eslake.

Rock-solid renewables
Giles Parkinson
With the federal opposition arguing for greater support for emerging renewable technologies and mining giants factoring them into their plans, the sector is moving to a more stable footing.