Labor MP in Liberal electorate. During a heated exchange on Q&A last night, Liberal Kelly O’Dwyer revealed Labor MP and climate change parliamentary secretary Mark Dreyfus lived in her electorate of Higgins rather than his own neighbouring electorate of Isaacs. We’d heard the same thing — apparently he promised to relocate after the 2007 election but is yet to make the move. Dreyfus didn’t bite last night, and after posing the question last week to a spokesperson, we’re yet to hear back.

A flash in the pan for ASX? As stock markets tumble, does the ASX have trouble on its hands on flash crashes? A markets watcher reports:

“The ASX experienced a significant glitch during very volatile trading yesterday morning and at one point showed RIO trading apparently at $1.42. Subsequently the ASX indicated that certain trades were under investigation and all trades under $64.35 were cancelled. ASX is under a statutory obligation to prevent flash crashes but currently despite extreme market conditions has no filters that would ensure extreme price movements are blocked or filtered out of the ASX platform. ASIC are supposed to monitor the conduct of the exchange but have shown themselves to be extremely hands-off in taking on the ASX. With Chi-X entry into the market only two and a half months away the possibility of flash crashes at least on ASX remains a live issue. It looks like a load of equity options caused the problem but there is no place in current conditions for this sort of failure by the exchange.”

Our own markets watchers confirm to Crikey the error in Rio Tinto trading but weren’t aware of the causes. Do you know any more?

Banking chief in Treasury tilt. Remember the banking CEO apparently preparing a parliamentary tilt for Labor? It’s not just a seat in parliament he wants, we’re told he has his eyes on Wayne Swan’s job …

Redundancies at Reed. There’s been redundancies at Reed Business Information’s online division Catch, we hear. Marketing, data operations and products have been impacted. Its Hotfrog business directory business continues to lose traffic, insiders reveal. We’ve left a message for Catch CEO David Catterall.

News better online: ex-subscriber. The Advertiser isn’t great at making a pitch to sign up, says one ex-subscriber:

“I rang The Advertiser‘s circulation department to complain (again) about discrepancies in my bill. Since News Ltd took over billing from newsagents the lack of personal service has been an issue, especially when suspending deliveries while away. When I suggested to the telephone sales person that it was getting very annoying and I may as well cancel my subscription, he agreed and said he would arrange an account refund and immediate cancellation. I now read The Advertiser online for free and am saving around $50 per month. Thank you News Ltd.”

Back to school on census. From the sample question on the census: Really? The teacher didn’t know how to spell “teaching”?