Why were taxpayers slugged $258.5 million in the past financial year bailing out well-known failed companies?
Peter Switzer launched his own financial business 30 years ago. The Switzer Group has since grown into three successful companies spanning media and publishing that creates written content as well as video and films, with its latest acquisition being the global brand Harper’s Bazaar, financial advice, insurance and business advice. Peter is an award-winning broadcaster, twice runner-up for the Best Current Affairs Commentator award for radio, behind broadcaster Alan Jones. He talks to Ben Fordham each morning on 2GB, as well as writing each day on switzer.com.au
Why were taxpayers slugged $258.5 million in the past financial year bailing out well-known failed companies?
A funny thing happens when the world’s central banks edge from “fighting inflation” to “managing a slowdown”: stocks remember they’re discounting machines.
It’s company reporting season and while it’s a ‘ho-hum’ thing for normal people, it really is a big deal and let me show you why, after revealing that China has been good to an Aussie company it was once so bad to, that it would’ve driven a lot of shareholders to the drink.
Rate cuts are the closest thing markets get to rocket fuel for the little guys. When central banks ease, two levers move at once: the discount rate investors use to value future earnings falls, and the real-world cost of debt drops for companies that actually have to borrow. That helps on both the spreadsheet and […]
Not to sound ungrateful, but it’s one rate cut is now in the bag, making it three for the year but what about the other two rate drops most economists have been expecting?
There are question marks over the waste of money that goes on in this great idea called the NDIS.
The better health trend is something that favours the likes of Sushi Hub!
The former boss of the Australian Competition and Consumer Commission, Graeme Samuel, has counselled Anthony Albanese and Treasurer Jim Chalmers to tell big business to push off and stop expecting handouts from the taxpayers of Australia.
Wall Street took a knock overnight, with the Dow Jones finishing 224 points lower. Our own market’s tipped to open about 24 points down, and the Aussie dollar is nudging 65.2 US cents. On the surface, that’s not a great way to start the day, but for me, days like this are when I start sharpening my pencil.
As the Daily Telegraph warns us that Treasurer Jim Chalmers is thinking about breaking pre-election promises about negative gearing, I’ve been wondering how a Productivity Roundtable became an Economic Reform Roundtable? And now it’s sounding like a Tax Reform Table!
Good news on the spending front but we’re not seeing great signs from the job market, with Artificial Intelligence starting to devour jobs.
On Friday, the US jobs report came in surprisingly weak, sparking immediate fears of a recession. Wall Street didn’t like it — the Dow, Nasdaq and S&P 500 all dropped. But by Monday, things had changed. The Dow jumped more than 500 points overnight, and our SPI futures suggest the Australian market will open strongly.