EDITORS' PICKS

Here is your required reading from the week just gone, including commentary on the US market bounce, the outlook for direct property and Penny Wong's green paper.

Beware a run on the US
Alan Kohler
A stock-market bounce is nice, but join the dots on the top news stories in business and a picture emerges of a global financial system alarmingly close to collapse.

Property's downward spiral
Robert Gottliebsen
Despite high levels of migration and a shortage of stock, our property market is more closely tied to problems in the US than you might think.

Less is more for LPTs
Stephen Barthomeusz
The listed property trust model was corrupted by the addition of development and fund management businesses. Going forward they will need to present a formula with a little less glitz and a little more substance.

Built for comfort, not for speed
Giles Parkinson
With loads of new safety features and a special low price for working families, Penny Wong's green paper has arrived in showrooms. But the costs to industry haven't yet been released and that's where the real action is

INTERVIEW: Penny Wong
Isabelle Oderberg
Senator Penny Wong tells Business Spectator about her Carbon Pollution Reduction Scheme, rejecting criticism the scheme is too cautious, contending instead that economic responsibility is the key.

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