Leon Gettler talks this week about the perils facing the Australian economy, the further perils facing the airline industry and Virgin Blue in particular, looks at moral hazard implications in the Government’s Green Paper and surveys the grim outlook for ninemsn, the web portal owned jointly by the Packer organisation and Microsoft.
Leon talks about changes in the Australian banking scene likely to emerge as Westpac advances to takeover St George. We discuss the Government’s Fuel Watch, which doesn’t look too good, we take a look at the failed British Gas bid for Origin Energy, scuppered, it seems by Malaysia’s Petronas coming in to invest in Santos’ coal gas scheme and we take a look at Qantas and how the fuel crisis is going to affect the world’s airlines and air travel in general.
Leon talks about the oil price crisis, Coles as it begins what is looking like a massive restructuring under its new CEO, about QBE’s failed bid to take over IAG, and we discuss the implications of Senator Conroy’s extension of time for prospective bidders to build the national broadband network.
Leon talks this week about the Australian Budget, new Treasurer Wayne Swan’s maiden effort, about the implications of China’s rumoured intention to bid for a slice of BHP and what could happen to Australian banking scenery when, or if, Westpac succeeds in taking over St George and all the other minor banks come into play.
