Why US Infrastructure Spending Won’t Help the Economy
Why US Infrastructure Spending Won’t Help the Economy
Mr Market’s Turn to Vote
Stocks fell this morning. Hard. Last we checked, the Dow was down by more than 300 points. Gold dipped too, shaving $20 off the previous session's $45 per ounce gain. And energy prices were down across the board, with a barrel of oil trading just a touch above $85.
Pizza Hut Australia Website Hackers Gained Access to Customer Information
The famous pizza restaurant chain, Pizza Hut, reported a website-hacking incident where customer’s names, email addresses and contact information were leaked. Despite Pizza Hut’s claims that the customer’s credit card information was not affected, the unpleasant incident should serve as a lesson for the business to keep strict protection of its personal and financial records.
Australian Stock Market Report – Afternoon 11/9/2012
The Australian sharemarket ended in the red for the second straight day this week, with the All Ordinaries Index (XAO) slipping by just 0.4 per cent or 19.7 pts to 4482.5. The value of shares traded was significantly higher than usual today. Over the past five sessions local shares eased by just 0.15 per cent, making it the third consecutive week of losses. So far this month, the XAO is down 1.3 per cent; equities have still improved by 8.89 per cent in 2012 which is 4 per cent better than Ameri...
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Microsoft Reviews: Surface RT Shines on Productivity, Hardware and Full-Computing Experience
Microsoft’s Surface RT has commenced hitting the road and results returned so far on numerous test drives strongly suggest that the gadget is not as confusing as thought earlier by Apple CEO Tim Cook, without of course the benefit of hand-on experience.
The Superannuation Gravy Train
Did you see former Treasurer Peter Costello's article in yesterday's Age? He gets stuck into fund managers and all the other travellers on the superannuation gravy train. The 'super system' holds around $1.3 trillion in assets, so it's no surprise it's attracting plenty of hangers on.
Australian Stock Market Report – Midday 11/9/2012
Local stocks are trading in the red today, with most of the damage being done by Westpac (WBC and the National Australia Bank (NAB), which are trading without rights to their dividends. Overnight, US markets rose at the open then traded lower, as investors focused on the so-called "fiscal cliff" with tax increases and spending cuts to occur from the 1st January.
Gold Coast New Traffic Scheme Takes Effect in January 2013
Effective January 2013, the Queensland State Government will implement a "left turn red" traffic system at several selected intersections on the Gold Coast in a bid to reduce and improve the state's vehicular traffic flow.
The Cyber Phenomenon Called Instagram
To indicate the growing use of Instagram among social networking sites, in the Tuesday election in the U.S., over 100,000 photos taken with the photo application was tagged with #iVoted and 150,000 with #election2012.
iPad Mini: Weaknesses Compared to Other Apple Gadgets
Since the launch of Apple's iPad Mini in 34 countries, combined sales of the device and the iPad fourth generation averaged 1 million units daily in the past three days.
One-Third of Google Workers Shun Posting in Google+ in a Month
While the role of Facebook and Twitter in helping elect and celebrate the Wednesday poll victory of U.S. President Barack Obama has once more been emphasised, the newbie social networking site Google+ appears quiet and out of the political equation.
Australia Mulls GST on Items Bought Abroad
The advantage enjoyed by online retailers based overseas over bricks and mortar stores insofar as Australian consumers are concerned may soon be removed. A plan by the federal government to collect the general sales tax (GST) for purchases abroad may just level the playing field for both kinds of retailers.
APRA: No Aussie Bank Would Collapse If There Is Another Global Economic Meltdown
A stress test conducted by the Australia Prudential Regulation Authority (APRA) showed that all major banks in the country passed it. APRA Chairman John Laker, in a Thursday speech in Brisbane, declared that another global economic meltdown would not result in significant losses for Aussie lenders.
Postcards From China
- Macquarie visits six Chinese cities- Finds a lack of stress- Canton Trade Fair figures down- Analysts see only modest 2013 export growthBy Greg PeelThe Chinese economy appears to have stabilised from its more rapid than expected slowdown over 2012, if iron ore prices and recent PMI data are anythi...
The Overnight Report: Cliffhanger
By Greg PeelThe Dow fell 121 points, or 0.9%, while the S&P lost 1.2% to 1377 and the Nasdaq dropped 1.
Australian Stock Market Report – Afternoon 11/8/2012
The Australian sharemarket fell for the first time in five sessions, with the All Ordinaries Index (XAO) slipping by 0.7 per cent or 32 pts to 4502.2. No sectors were spared from the selling; however local shares are coming off an impressive winning streak, with equities (shares) ending in the red for just two of the past nine sessions.
KLM, Etihad Codeshare on Flights from Australia to Europe
Abu Dhabi's flagship carrier Etihad Airways, which own 10 per cent of Virgin Australia, has entered into a codesharing agreement with KLM Royal Dutch Airlines to offer Australians greater accessibility and flexibility as they visit and tour Europe and its scenic spots.
Lenovo Faces Flagging Profits, Gears Up for Bigger Role in Mobile Device Market
These days, Chinese brand Lenovo is touted as the next big thing in the personal computer business, threatening the hold to precarious lead of familiar names like Hewlett-Packard (HP), Dell and Acer.
Aussies Beware: Crafty Taxis, Private Hire Cars Use Rogue Smartphone Apps
Now that focus will gear more towards the fast-approaching Christmas season, the Australian Taxi Industry Association (ATIA) has warned commuters and consumers to refrain from using taxis or private cars for hire that used rogue smartphone apps to promote their services.
End of Suzuki’s American Dream
This is the end of Suzuki's American dream. American Suzuki Motor Corp. informed that it would file for Chapter 11 bankruptcy protection.
iPhone 5 Delayed Shipping Due to Overwhelming Demand
Apple’s Chinese partner in production Foxxcon said that it is facing difficulties in keeping up with demand for iPhone 5.
U.S. Jury Finds Apple Guilty of Patent Violation, Ordered to Pay $US368M+
Another legal setback for Apple as the tech giant was ordered Wednesday by a U.S. federal court in Texas to shell out more than $US368 million for patent infringement, stemming from the technology behind FaceTime, the video call feature that is a mainstay on Mac computers, iPhone and iPad.
No Inflation to See Here!
It's a big week. The race that stops the nation will stop us from coming into our St Kilda headquarters tomorrow. We used to try working on Melbourne Cup day. But we gave up when we realised most people really do take the day off. But don't worry. We've queued up a special US election preview presentation for your enjoyment. Watch out for it.
Reviews: Nokia Lumia 920 is Smart Choice, Lifestyle-Fit and Affordable
The Lumia 920, according to Nokia, represents improvements from all the shortfalls found on previous Nokia handsets, potentially making the new Windows smartphone an inviting prospect for consumers planning to indulge on new tech toys come the holiday season.
Using the Habit of Optimism to Find Great Investment Opportunities
You may of already had your fill of electoral madness so how about some central banking madness?
The Cantillon Effect: Confessions of a One-Percenter
Larry Summers, bless his heart, is back on the Financial Times editorial page. He's arguing for more stimulus...more spending...more Barack Obama. We should send him a 'thank you'. He's been great for business.
Why Government Debt Blows Up
Richard Koo knows what's going on. At least, to a point. He's a fool, but not an idiot. In Bastiat's terms, he sees the effects of a debt deflation. As for the unseen consequences of the government's efforts to fix it, he doesn't even bother to look.
Economic Freedom: Why the USA is Now the Land of the (Less) Free
Today, we Americans will enter voting booths all across the nation to pull the levers that will shape our destiny. Either we embrace the big, expensive promises of the Left or we embrace the big, expensive promises of the Right.
Qantas Again Reduces Total Workforce By Over 500
More than 500 personnel from the engineering department of Qantas Airways have been sacked as part of the company's restructuring operations.
Australian Stock Market Report – Midday 11/8/2012
Local stocks have followed global markets into the red, as investors bailed out of equities overnight. The Dow Jones Index recorded its worst trading session for 2012, with investors concerned about how the US government would tackle the so-called "fiscal cliff" and help avoid America heading back into recession. Uncertainty over the Greek parliament vote on austerity measures also contributed to a sell-down. Early this morning, the Greek government secured enough votes in parliament to ap...
iPad vs Galaxy Note: Another Battle Between Giants Apple and Samsung
Apple and Samsung have been battling across the market and in legal matters to prove which is winner, iOS or the Android OS. However, the real winner is determined by sales of its devices, including new releases.
The US Election Result And Asia
By Greg PeelAs of today we have a Democrat in the White House, a Republican majority in the US House of Reps and a Democrat majority in the Senate, just as we had the day before.
France to Grant Businesses 20 Billion Euros in Tax Credit
Acting on the recommendations of industrialist Louis Gallois, France will grant businesses 20 billion euros ($25.7 billion) in annual tax credits as a way of boosting the country's economic competitiveness.
Big 4 to Become Big 5 with Macquarie-Yellow Brick Road Deal
A fifth Australian bank will likely soon join the ranks of the Big 4, the monicker for Westpac, National Australia Bank, Commonwealth Bank of Australia and ANZ Bank.
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