News and interviews on Barack Obama including trends, features, blogs and community conversations from an Australian business perspective.
Thursday, 05 February 2009
President Barack Obama has taken the debate about executive pay to a whole new level by imposing an absolute cap of $500,000 on salaries in companies that are bailed out by the US Government.
Wednesday, 04 February 2009
Social networking giant Facebook will now begin to offer its 150 million customer base to companies, marketing the offering as a polling tool.
Thursday, 29 January 2009
The United States House of Representatives has passed President Barack Obama’s $US825 billion stimulus package, designed to boost infrastructure projects and individual spending.
There’s something bleakly amusing about a Federal Open Market Committee statement that says it decided to keep its target rate at zero.
Wednesday, 28 January 2009
The war on inflation appears to be over. New Australian Bureau of Statistics figures reveal inflation dropped by the largest amount in over a decade during the December quarter, with the rate falling 0.3%.
The government should announce a new stimulus package of at least $30 billion, preferably $40-50 billion, and the money should not be wasted on tax cuts and cash hand-outs as the last $10 billion was.
Tuesday, 27 January 2009
More than 85,000 jobs have been cut worldwide as the global financial crisis forces more companies to undertake giant cost-cutting initiatives.
Friday, 23 January 2009
If you believe that the Chinese economy grew at the rate of 6.8% in the December quarter, you'll believe anything.
Thursday, 22 January 2009
As with all debt deflations, the aims of government and the private sector are now in fundamental conflict.
While more than two million spectators watched US President Barack Obama’s inauguration in Washington DC yesterday, millions more surfed the internet for news and brought many sites to breaking point.
Wednesday, 21 January 2009
Barack Obama is now the 44th President of the United States, after he was sworn in at a ceremony in front of the Washington DC capitol building early this morning Australian time.
Barack Obama’s inauguration was, as expected, a wonderful, inspiring event. It might even have a lasting impact on sentiment in the US, and might, in itself, help the recovery by improving consumer spending and business investment.
Tuesday, 20 January 2009
Obama won’t give up his BlackBerry
Monday, 19 January 2009
The Reserve Bank’s war on inflation may have been won – inflation has fallen to a three-and-a-half year low, according to the TD Securities-Melbourne Institute monthly inflation gauge.
Thursday, 15 January 2009
On the basis of yesterday’s housing finance figures Australia might look like an island of relative economic health in a global sea of distress.
Wednesday, 14 January 2009
This morning’s big economic news contained a glimmer of hope for the property sector, with housing finance commitments jumping 1.3% in November 2008, just above market expectations.
Tuesday, 13 January 2009
President-elect Barack Obama has got off to a shaky start at being Franklin Roosevelt and saving the American economy again, but at least he and everybody else recognises that the US is in a recession that is getting worse, and that drastic action is requ
Friday, 09 January 2009
President-elect Barack Obama may still be 11 days away from moving into the Oval Office, but he is already working hard to gather support for a massive stimulus package designed to spark the US economy.
Thursday, 08 January 2009
If you think that the view of the year ahead is any better from the top of a pile of money, think again. JAMES THOMSON reports on what billionaires are predicting for 2009, and where they hope some light will first appear in the gloomy economic landscape.
Wednesday, 07 January 2009
The latest retail sales data has surprised economists, with sales for November 2008 rising 0.4% month-on-month, seasonally adjusted. Most economics had expected a 0.3% decline in sales for the month.