EDITORS' PICKS

In this week's round-up, Kohler says Bernanke's bearishness is a warning for Australia, Gottliebsen calls on the banks to give OZ Minerals some breathing room, and Bartholomeusz questions how US banks are raising capital so easily.

Bernanke's quiet alarm
Alan Kohler
When Ben Bernanke testified to Congress overnight he wasn't addressing Australians – but if he had been, he'd have urged us to ignore yesterday's GDP figure and start balancing our books.

Last chance for OZ Minerals
Robert Gottliebsen
A rumoured counter-offer to Minmetals' bid for OZ Minerals' assets could save the day. If it does not, CBA boss Ralph Norris should work urgently to help OZ Minerals boss Barry Cusack out of a hole.

Eerily easy capital
Stephen Bartholomeusz
The mad rush by US banks to raise capital while investor enthusiasm abounds will help stabilise markets. Trouble is, the negative outlook predicted by forecasters could provide a nasty reality check.

The Google-Bing bingle
Tony Boyd
Can new contender 'Bing' challenge the dominant Google search engine? The results of this battle will be important to just about every company that sells a product.

Averting GFC 2.0
Q&A by Isabelle Oderberg
There is a risk that second round effects of the GFC will damage traditional financial instruments, further depleting bank reserves, says Hans Hoogervorst, the co-chair of the IASB and FASB's Financial Crisis Advisory Group.

GM's CDO shockwave
Alan Kohler
President Obama is telling communities that depend on GM that he’s helping them, while telling taxpayers they’ll make a profit on the deal. He's not telling them about the cascading synthetic CDO defaults the GM collapse will cause

Lifting the carbon fog
Giles Parkinson
Malcolm Turnbull's admission that a carbon trading scheme is inevitable, cuts through the political fog as a clarion call to business. And not all big emitters disagree with his stance.