Elliott Management Corporation had been pushing originally for BHP to collapse its dual listings on the London and Australian sharemarkets. Now Elliott has changed its proposal.
The government that was elected on the basis of its wise economic stewardship has increased net debt almost 80% since Labor left office, writes economics reporter <b>Alan Austin</b>.
Wayne Swan has never actually delivered his own budget surplus during five years as Treasurer, so his $1.5 billion prediction for 2012-13 starts life with little credibility.
Vision Super, which handles the superannuation of all current and past council workers, slapped Victoria’s 79 councils with a $71 million bill earlier this year.
Despite protestations from the Prime Minister down, Treasury Secretary Ken Henry has blown the lid on the Government’s reckless disregard for good sensible policy on both climate change and water.
The latest budget update from Peter Costello once again confirms the Treasurer is an accounting rorter of the first order as he gets away with remarkable fiddles that are against the law for private companies.
The Howard Government’s accounting policies are getting dodgier by the year and some more slippery tactics were once again on display in the latest Reserve Bank annual report.
Peter Costello loves to trumpet his debt and deficit record in government but how good is that record when you consider the full record on privatisation?
The NAB should be getting a lot more grief than they have from regulators, the media and analysts for the complete $4.4 billion stuff-up over mortgage processing business Homeside in the US of A.
Queensland taxpayers are paying to indemnify church bodies against child abuse claims because insurers won't, and Clive Palmer's company Zeph Investments plans to sue Australia for the second time — the first claim seeks $269 billion.