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Archived news for February 2008 | Recent news
Let banks and instos make own credit decisions
According to US betting market Intrade, there is a 65 per cent probability that the US economy will experience a recession sometime in 2008. Some...
Car tariffs drive competition - what nonsense
Following the closure of the Mitsubishi plant in Adelaide, the Australian economy and consumers would support Prime Minister Kevin Rudd and...
Sector-specific policies a brackish solution to car industry's woes
It is hard to imagine that Australia has ever had a more amiable politician than Steve Bracks. But amiable politicians are notorious for ducking...
Rate medicine might cure nation's spending binge
Even though the decision of Mitsubishi to close its plant in South Australia preceded Wednesday's interest rate increase, the two are closely...
Mitsubishi learns: the market prevails
Yesterday, Australians experienced not one, but two examples of policy failure. First, the Reserve Bank admitted that it had not kept inflation in...
Rate rises will not work in isolation
Since the middle of last year the US Federal Reserve has reduced interest rates from 5.25% to 3%, most of that reduction coming in the past...