VEXNEWS 2010© » Finance

DEAD: Corrupt suspended liquidator Dean McVeigh dies suddenly

VEXNEWS — Wed, 11 Aug 2010 05:02:46 +0000

After having a red hot go at ruining countless lives and successfully cheating a very large number of creditors, Dean McVeigh, the Rolls Royce driving, notoriously corrupt former suburban liquidator recently suspended by the Australian Securities and Investment…

BIT RICH: ASIC a law unto itself

VEXNEWS — Thu, 17 Dec 2009 23:57:23 +0000

ASIC’s decision to pursue a High Court appeal against the damning NSW Court of Appeal decision in the One.Tel Jodee Rich case smacks of sour grapes and abuse of process.

The Commission is fully funded by public money and needs…

YUM: Bop along to McDonald’s patriotic verse

VEXNEWS — Thu, 19 Nov 2009 02:51:00 +0000

While patriots acknowledge the superiority of KFC over all other food groups, it is not unreasonable to also consider the merits of McDonald’s…

BETTER AGAIN: Patriots smile as rival electric charge company shocks Thornley

VEXNEWS — Mon, 09 Nov 2009 23:03:47 +0000

Finance markets are increasingly being asked to fund alternatives to petrol and coal due to concern about carbon emissions.

It’s certainly our view that technology will drive solutions to all pollution issues not sacrificing the jobs and living standards of…

DIZZY: Bank spin makes customers sick

VEXNEWS — Mon, 09 Nov 2009 20:11:46 +0000

A clueless investment bank titan has made it just that little bit tougher for his industry to restore public confidence by decreeing that as a banker paid tens of millions a year he does "God's work". We suspect God might want his money back.

BIT RICH: Fairfax vendetta against Eddie Obeid enters fourth decade

VEXNEWS — Tue, 27 Oct 2009 23:30:38 +0000

The Financial Review isn't such a bad newspaper. But it does have obsessions that sometimes drag it down into the lowest point of the Fairfax sewer. Their decision to splash today with a non-story about Eddie Obeid's son's farm shows up their unholy obsession with certain people in the NSW Labor Right. The national financial daily should be more serious than its continued campaign of vendetta journalism against people like Obeid and former Senator Graham Richardson would suggest.

BUSTED: Online gambling giants accused in confidential customer data scandal

VEXNEWS — Wed, 21 Oct 2009 19:22:35 +0000

Sleazy middle-men are buying confidential customer data from online gambling companies or their staff and selling it on for a fast buck. It should be - if it isn't already - a serious crime.

NO THANKS: Ramsay’s failed VFF presidency angers members across Victoria

VEXNEWS — Thu, 28 May 2009 07:13:42 +0000

VFF President Simon Ramsay's PR offensive promoting his chances for Liberal preselection in Corangamite is leaving many members offended. And feeling thoroughly betrayed.

IT’S WAR: Aboriginal leaders declare war on Greens for destroying jobs and opportunity

VEXNEWS — Tue, 19 May 2009 23:45:33 +0000

The Greens movement's attack on development is causing outrage among Australia's indigenous communities who want jobs not hand-outs, progress not patronising and a real chance at the prosperity enjoyed by middle-class, preachy, urban environmentalists.

PLUMMETING: The Age plumbs new depths as readership falls a record 10% in one year

VEXNEWS — Thu, 14 May 2009 23:00:56 +0000

Yesterday The Age's parent company was in freefall with a credit downgrade from Standard & Poors, slashed profits and rumours of big workplace changes. Today, it's The Age's turn to deliver shocking numbers, this time setting a record with a 10% crash in the number of Age readers, amid declining sales after it botched its bushfire coverage.

FIX THIS: A dying man should be honoured not hunted

VEXNEWS — Thu, 23 Apr 2009 01:38:41 +0000

The outpouring of affection for generous business tycoon Richard Pratt in Melbourne has been truly heart-warming. But there's more than schmaltzy sentimentality at stake here. The conduct of a huge government agency and the man running it is rightly under scrutiny. And so is the kind of community we want to have. A petty, spiteful and vindictive one or one as generous as the life Richard Pratt has lived.

JOBS: Feds spend billions on Job Network but is it value for money?

VEXNEWS — Fri, 03 Apr 2009 06:30:42 +0000

Unemployment is rising as economic growth slows in response to the global financial crisis. Some of those who receive hundreds of millions of taxpayer dollars to put people in jobs are less than impressed with changes to the system.

WE TASTE LEMON: Leading enviro-technologist pooh-poohs Better Place

Michael Kanellos — Tue, 31 Mar 2009 00:48:32 +0000

A leading green technology expert argues that Better Place, a company that has raised US$200 million in venture capital, and is spending millions on high-priced executives, has limited chance of success.

FREEDOM WORKS: Current problems don’t change fundamental truths

Doris van der Hagen — Tue, 24 Mar 2009 02:18:18 +0000

While the global economy faces its worst crisis in our lifetime, we'd be unwise to forget what freedom has delivered.

HOW TO KILL A NEWSPAPER: The Age’s page count goes down while its price goes up, again

Andrew Landeryou — Mon, 23 Mar 2009 07:13:55 +0000

The Age is increasing its price, yet again, as it struggles to maintain profitability in a climate of collapsing genuine sales, slumping advertising and rapidly rising costs. Its end is nigh.

BIPOLAR: PeCo sees red on China, Bananaby sniffs golden opportunity

Nick Mack — Wed, 18 Mar 2009 08:02:52 +0000

China's aggressive acquisitions in the resources sector have created a golden political opportunity for Bananaby Joyce. Nick Mack looks at the issues.

COLD JUSTICE: The Age hits another lost revenue iceberg on the way down

VEXNEWS — Wed, 18 Mar 2009 01:44:30 +0000

The Age has lost yet another source of easy money, as the world rapidly changes around them.

BONED: Mass sackings at Herald Sun as features centralised in Sin-City

VEXNEWS — Fri, 06 Mar 2009 06:08:43 +0000

We hear reports of a large number of redundancies at the Herald Sun, particularly focused on features and production staff. As many as fifty will go or be sent to Sydney as punishment just like the first European settlers. The…

BEIJING BLOWS: Another brilliant product from Chinese factories like Solomon Lew’s in Ningbo

VEXNEWS — Wed, 04 Mar 2009 05:39:47 +0000

Is the Australian Government wasting its time and jeopardising our future by pursuing a "free trade" agreement with unfree China?

BOSS PAY: Respected venture investor says best predictor of start-up success is low CEO pay…

VEXNEWS — Tue, 03 Mar 2009 04:36:21 +0000

Are bosses paid too much and should the state interfere with this? What damage could be done if they did?

HARD YAKKA: Is the Pacific Brands CEO being demonised unjustly?

VEXNEWS — Fri, 27 Feb 2009 08:48:12 +0000

Is Sue Morphet really the wicked witch everyone is painting her to be?

THE GAFFE WE HAD TO HAVE: Kim Carr steps right in it

Andrew Landeryou — Thu, 26 Feb 2009 21:13:36 +0000

Industry Minister Kim Carr's reminder that no-one's job is safe was probably the biggest mistake of his mistake-filled political life. A shame because many think he was doing a good job. His cleaning up of ABC tosser Jon Faine who was rabbiting on about enviro-cars by reminding Faine that he was the owner of a small fleet of luxury gas-guzzlers was one of the golden moments in political sport. He didn't have quite as much of a good run with nasty Neil Mitchell, who puts the irk in smirk.

FAIRFAX SHARES SUSPENDED: Company in crisis has begging bowl out in desperate search for dollars

Andrew Landeryou — Thu, 26 Feb 2009 05:24:32 +0000

Fairfax Media shares have been suspended. Their past denials of a cash crisis seem rather silly now as they have the begging bowl out. They'll probably be able to raise some equity in the next week but it won't be enough to raise their dinosaur classified ad business model from the dead. And it will probably ultimately destroy their biggest shareholder, the hopelessly hocked John B Fairfax who is in danger of breaching his own bank covenants.

McBAD: Maccas to charge battlers more for burgers

VEXNEWS — Wed, 25 Feb 2009 20:53:34 +0000

McDonald's are going to charge strugglers in St Albans more than they charge moguls in Malvern for exactly the same burger. Tsk. Tsk. It's enough to make you want some KFC.

STARVATION PREFERRED: On-road snacking denounced

VEXNEWS — Mon, 09 Feb 2009 21:54:52 +0000

It pleases us to report something worse than Melbourne’s restaurant tram has been discovered in the mean streets of Fremantle. Savour its delights.

GUILTY: The ACCC’s own counsel admits it made "errors of judgment" in the Pratt case

VEXNEWS — Thu, 05 Feb 2009 21:16:51 +0000

The prosecutor in the ACCC’s case against Richard Pratt has conceded the Commission has made “errors of judgment” in their handling of the Amcor-Visy cartel case.

Federal Court judge Donnell Ryan has to decide whether to allow the prosecution to…

HUMBUGGERS: Greens party promise voters one thing on election finance while voting another to look after their rich donor mates

VEXNEWS — Thu, 05 Feb 2009 06:29:46 +0000

The Greens party policy document says its pledged to scrap private funding of election campaigns. And yet in the Senate this week, they voted down the government's plan to remove tax deductibility status for private political donations from individuals. Hypocrisy has a name and it's Senator Bob Brown.