Take Two: The Australian Business Review: May 11, 2008
May 12th, 2008Leon looks at the ANZ’s problems, at Tricom and the others also in trouble, about Westpac on the eve of its bid to takeover St George, and the National Broadband Network.
Leon looks at the ANZ’s problems, at Tricom and the others also in trouble, about Westpac on the eve of its bid to takeover St George, and the National Broadband Network.
Leon and Garry talk about the economy, the debris still falling around Opes Prime and the ANZ Bank, and a bunch of other stuff, including where, if anywhere, we are at on the National Broadband Network.
Leon Gettler looks at ANZ’s situation in the Opes Prime collapse, talks about BHP and the Chinese Government, and studies Kerry Stokes’s tilt at West Australian Newspapers.
Leon talks about ANZ’s exposure to Opes Prime, Telstra’s approach to Stephen Conroy’s National Broadband Network initiative, and Mick Gatto’s entry into the international debt-collection business.
We talk about Communications Minister Stephen Conroy’s decision to can the Howard Government’s grant of nearly $1 billion to Optus/Elders to build a WiMAX broadband network for regional and rural Australia and spec ulate that everyone is probably relieved it has happened. The Opes Prime scandal and the economy fill out a show shortened because of poor communications.
Leon Gettler and Garry Barker discuss the collapse of Opes Prime and where the fallout may strike, the rise and rise of sovereign funds and what they could imply, and they examine the slower outlook for consumer-dependent business in Australia
Leon Gettler and Garry Barker discuss the increasingly complex relationship between BHP Billiton, Rio-Tinto and the Chinese and Australian governments. China will do almost anything it can to scupper the merger deal, even to helping Rio Tinto expand its investments and make it a harder takeover target. They look at interest rates and forecast higher rates, whether or not the Reserve Bank adds another 25 basis points, possibly in May, and they examine the TV industry and its advertising outlook.
Leon Gettler and Garry Barker examine the Bear Stearns financial crisis as it touches world banks and Australia in particular and suggest we ain’t seen nothing yet. They touch on Telstra and the Australian national broadband network, yet to be built, and do a bit of forecasting on interest rates.
Very serious times lie ahead, says Leon Gettler, banking and management guru of The Age, in this latest conversation with technology editor Garry Barker. They discuss interest rates and why the banks are putting premiums on the Reserve B ank’s continuing increases, look at the Allco debacle, at ABC Learning, and touch on the mining and telecommunications industries.
Leon Gettler and Garry Barker discuss ABC Learning’s financial crisis, why it happened and what it means in today’s bear market. They look at Allco and its problems, at the retail scene as interest rates rise and Garry talks about his visit to Australia’s newest morphine factory.