BUSINESS

When ‘Nanny State’ Deficits Becomes Unviable

In order to exercise control over the population, governments throughout history have made people dependent on government largess. A government can make an increasing number of people dependent on its generosity by providing more and more benefits to a larger and larger share of the population.

Australian Stock Market Report – Midday 11/6/2012

Local investors are hedging their bets today, ahead of arguably one of the busiest days of the year. At 3.15pm AEDT the "race that stops the nation" will see millions of Australians leave their desks to watch the Melbourne Cup, while tonight in the US, the hotly contested 2012 Presidential Election gets underway. Also of significance to market watchers, is this afternoon's interest rate decision at 2.30pm AEDT. Money markets are now factoring in just a 47pct chance that rates will be cu...
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Africa Aims to Be A Major Mobile Gaming Centre

Africans are making a bid to be a major hub of mobile gaming. With more than 700 million mobile broadband subscribers in the entire continent, a growing number of young entrepreneurs are going digital and creating innovative and interactive content in their own home market.

Video Footage Confirms Brutal Slay of Aussie Sheep in Pakistan

Although Karachi authorities assured the Pakistani importer of 21,000 Australian sheep that the animals suspected to be sick would be culled following international standard in exchange for withdrawing a court challenge, evidence indicates otherwise.

Experts Believe RBA Will Retain 3.25% Cash Rate

Experts believe that the Reserve Bank of Australia (RBA) will retain the current 3.25 per cent overnight cash rate when the central bank's monetary committee meets on Melbourne Cup Day on Tuesday, Nov 6.

RBA Sees Signs Of Stability

By Greg Peel"At today's meeting, with prices data slightly higher than expected and recent information on the world economy slightly more positive, the Board judged that the stance of monetary policy was appropriate for the time being.

Australian Stock Market Report – Afternoon 11/5/2012

Local stocks received a boost in the afternoon session, after a volatile day which saw the main index see-saw between positive and negative territory. By close, the All Ordinaries Index (XAO) was firmer by 10.3pts or 0.2pct to 4493.6.

Australian Stock Market Report – Midday 11/5/2012

The Australian sharemarket is off to a negative start, with the All Ordinaries Index (XAO) down 0.2 per cent or 10.6 pts to 4472.7. Almost all sectors are in the red; however the defensive telcos are up modestly. Telstra (TLS), the sixth biggest company on the local market is up 0.12 per cent or 0.5 cent to $4.09.

Samsung Posts 30M+ Galaxy S3 Sales --IDC Research

More than 30 million hands are fiddling with the Samsung Galaxy S3 at the moment, the South Korean tech giant reported over the weekend, supporting latest data from research firm IDC that showed Samsung once again reigns supreme in the global smartphone arena.

Apple Pockets Significant Profits on iPad Mini

Another teardown of the new iPad Mini revealed that Apple’s Bill of Materials (BOM) for the compact tablet amounted only to $US188, affirming the tech giant’s intent to pocket as much profit as possible from the gadgets it rolls out.

Are Spain And Italy Kidding Themselves?

- Spanish economic forecasts ambitious- Bail-out looming- Italian economic forecasts unrealistic- Bail-out also on the cardsBy Greg PeelTonight and next week, in a two-step process, the Greek parliament will vote to ratify the Samaras government's new, tighter fiscal measures and the proposed 2...

New Domain Chinese Launches

Domain has launched Domain Chinese today, the first property magazine for the Sydney Chinese community that not only features listings, but also editorial content as well as statistics and tools for the property investor.

Brit Teen Launches News App for Apple Store

A news application is on sale at Top Nine in Apple Store. Nick D'Aloisio, a 17-year-old Londoner has launched this news application called Summly for iOS users. He has so far received more than $1 million in funding from investors.

A Deflationary Conclusion to China’s Bubble

The perception of China's economic problems have changed. But they're still stuck with the same problems they had a few months ago. That is, the need to rebalance a historically imbalanced economy.

The Australian Stock Market Gets Hit for Six

Yesterday, the Australian stock market fell nearly 60 points - or 1.3% - on heavy volume. It was the steepest one day fall in...we don't know, but its seems like a while. There was no real catalyst for the sharp decline.

New Digital Strategy Aims 12% of Aussies to Telework by 2020

The federal government of Australia will launch this November the National Digital Economy Strategy which aims to double the number of Australians who telework to 12 per cent by 2020. The roll out is part of the country's observance of Telework Week from Nov 12 to 16.

Adelaide Holden Plant Slashes 170 Workers

Dwindling sales of locally built car models plus a high Australian dollar have forced auto maker Holden to slash 170 positions from its Elizabeth, South Australia manufacturing factory.

Australian Stock Market Report – Afternoon 11/2/2012

Despite a positive start, local stocks ended Friday's session only modestly higher, as investors pared back ahead of a key US jobs report being released tonight and next week's local interest rate decision. After hitting 4507 points in early trade, the All Ordinaries Index (XAO) finished the session only 3.4pts higher at 4483.3, a gain of 0.1pct. Over the course of the trading week, the XAO lost 0.3pct during extraordinary circumstances where Hurricane Sandy caused the New York Stock Excha...

Sandy Clean-Up Expected to Add Billions to U.S. National Debt

Well, it didn't take long after Hurricane Sandy passed into history as the largest storm of its kind in several generations for someone in Washington to call for billions in new federal spending to compensate for its damage - billions that will, of course, be added to the trillions of dollars in debt the nation already owes.

Vietnamese Housing Market’s Amazing Slump

Vietnam is facing a housing catastrophe. A disastrous slump has overtaken its housing market. The government is embarrassed, the banks are bankrupt, and the economy is in a mess.

It Won’t Be Long Before the Problems in Greece Resurface

At least we're not Greece, and for that we should be thankful. What's happening in that distant part of the world is really a tragedy. Greece is in a depressionary slump. It's been that way since 2010. 'Bailout' funds, debt write-offs and years of austerity have achieved absolutely nothing.

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