Woolworths may have acted legally, that doesn't make it right
There's a big difference between something being legal and being morally right.
Michael Pascoe is a BusinessDay contributing editor. He comments on companies, markets and the economy.
There's a big difference between something being legal and being morally right.
Vendors are signing real estate agency agreements that read as if the agents are doing a massive personal favour listing the property. And this when most properties in the hotter markets are close to selling themselves.
There could be an interesting moment during Tuesday's Reserve Bank board meeting: when the members consider that the bank's forecast of year-to gross domestic product growth dropping to about 2.5 per cent has arrived nine months early.
Seekers of dark linings to silver clouds are in the process of switching horses ahead of Wednesday's National Accounts Stakes, jumping off National Income Recession and climbing aboard GDP Dive.
The Australian Securities and Investments Commission has been in the headlines lately, but so what?
Mike Baird's weakened position won't matter for the NSW economy right away, but it will down the track.
For all the publicity Peter Dutton has generated for the coalition's tough-on-refugees, suspicious-of-Islam image, he's only added a tenuous terrorism footnote to an old story.
Reserve Bank assistant governor Chris Kent missed a major opportunity this week. He delivered a speech about how the various states are travelling but totally omitted a key reason for the two out-performers doing so well.
It's not too late for the nation to realise its potential. By selecting the right projects, we can certainly afford it – if only we had politicians with the vision and discipline to lead.
Well that's one way to deal with the problem of bracket creep – don't have a wages increase.
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