Hey Philip Lowe, it ain’t the wages. Best regards from Mathias Cormann and the OECD
The latest OECD report is out, confirming higher profits are the leading component of recent inflation in Australia and elsewhere. Yet Philip Lowe and the RBA keep raising interest rates to curb inflation with wages growth as the culprit. What’s the scam? The scam is...
The ACCC flies to the rescue! What would we know without them?
The ACCC has just released its latest report on domestic airline competition. It concludes that there isn’t enough of it, hence we – air travellers – get poor service and pay too much. So what’s the scam? The scam is that the ACCC knows this, the Government knows...
A win for journalism. But Ben Roberts-Smith is still at large. What’s the scam?
Justice Anthony Besanko found that Chris Masters and Nick Mackenzies and their publishers were substantially reporting the truth about Ben Roberts-Smith. It is a win for quality investigative journalism, but will we now see criminal charges against the former soldier?...
The PwC scandal, the Big Four, and the real elephant in the room. What’s next?
While PwC is struggling to contain what might be its very own Enron moment, the ATO, Treasury and the Senate are trying to figure out why nobody did anything about what everybody seemed to know. It’s now a scandal too big to go away, Kim Wingerei reports on what might...
A king for his crown, but what do his remote subjects really think?
The coronation is underway in London with pomp and pageantry, ostentatious headgear and stolen jewels on marvellous display, and guests from dominions far away ready to genuflect. But while many look in dismay at this costly and archaic spectacle, support for the...
Fox News pays off Dominion: who will put Rupert Murdoch in the witness box?
Rupert Murdoch’s Fox News has settled the defamation claim by Dominion Voting Systems. What are the implications for Lachlan Murdoch’s claim against independent Australian publisher Crikey? Kim Wingerei explores. “We have no comment on the Dominion matter. We look...
Tricky Territory: ACT fails to act on Mr Fluffy asbestos victims
It’s almost twenty years since all asbestos use was finally banned in Australia, followed by buy-back schemes and class lawsuits to compensate victims. But in Canberra, some owners of ‘Mr Fluffy’ homes are still waiting to be compensated. Kim Wingerei reports. For 10...
Small shareholders abandoned as private equity muscles in on Nitro. What’s the scam?
Private equity funds taking listed companies private is never an act of benevolence. They spot an undervalued company, buy it, strip assets where possible, take out the cash, borrow to the hilt and sack as many of the staff as they can get away with; and then presto,...
Latitude Financial shows us how not to do it. What’s the scam?
The recent hacker attacks on Optus and Medibank have been well publicised and both companies roundly criticised for their handling of it. But over at Ahmed Fahour’s Latitude Financial they either didn’t read about that, or decided to copy their mistakes in handling...Get my book!
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