Skipton residents urged to seek help after floods

SKIPTON business owners and residents hit the hardest by the floods are being urged to put their pride aside and ask for help. Yesterday, politicians visited the Corangamite Shire town to show their support by talking one-on-one with those affected and rolling up...

Full hit of GFC on Australian business revealed

Just how badly, or well, businesses survived the global financial crisis and other economic turmoil of the past two years is evident from new official figures. Australian Bureau of Statistics data shows in the two years from June 2007 – encompassing the boom and...

Liberal senator condemns ‘campaign to vilify Israel’

A Victorian Liberal Senator has branded those on the Mavi Marmara as anti-Israel activists with an “agenda”, who broke a legally founded maritime blockade to further the aims of Hamas. In a Senate speech last week, Scott Ryan said: “I did not realise that peace...

Schools building was costed over a week

The department of finance had just a week to assess the initial costings of the Rudd government’s schools building program, a Senate hearing has been told. The cost of the Building the Education Revolution program originally was estimated at $14 billion, but...

NBN uncertainty already priced in for Telstra

A lot of the potential bad news that could affect Telstra shares appears to be already priced in, according to a major shareholder in the telecommunications giant. Future Fund general manager Paul Costello told a Senate hearing yesterday that research by the fund...

Sherry admits staying super was once a Labor promise

Assistant Treasurer Nick Sherry has admitted he once said staying the superannuation guarantee was a Labor election promise. As part of the federal government’s response to the Henry tax review last week, it proposed to gradually boost the money employers pay...