Garry Barker and Leon Gettler - Talking Business 2010 Ep 14c

A review of the week in business, with expert analysis and commentary

A big week in Australian business with Garry and Leon talking about the Rudd Government’s decision to shelve the emissions trading scheme, inflation rising quicker than expected to 2.9% and business expectations of the Henry review into taxation, The gap between the resources states and the rest of Australia is widening but rather than a two speed economy, it’s now on three speeds with WA and Queensland powering ahead, the rust belt states of South Australia and Victoria and then Sydney which is about to lose its place to Melbourne as Australia’s largest city. Meanwhile the Rudd Government has upped the price on cigarettes, and plans to introduce plain packaging. ANZ profit is up 36% but there’s bad news for retailers who are expecting tough times ahead over the next six months. Australia’s housing shortage is getting worse, the Rudd government is cracking down on financial planners and BHP Billiton is being sued for contaminating groundwater at a coal mine in the US.

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Garry Barker and Leon Gettler
RMIT, Business, Economics, emissions trading scheme, ETS, inflation, Henry review, two speed economy, cigarettes, ANZ, housing shortage, BHP Billiton