Home Articles Talking Business podcast. Commonwealth Bank: free money for all!

Talking Business podcast. Commonwealth Bank: free money for all!

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Talking Business is a podcast review of the Australian economy, presented by seasoned business journalists Leon Gettler and Garry Barker, produced in association with the RMIT College of Business. It features interviews with prominent business leaders and expert analysis from RMIT academics.

This week in business news

In the latest edition of Talking Business, Leon and Garry have a natter about Federal Opposition Leader Tony Abbott’s push to turn the prospective carbon price into an election issue. According to the chaps: “The horse trading’s begun already.”

Businesses are anxious over the uncertainty, with BlueScope Steel managing director Paul O’Malley even writing Prime Minister Julia Gillard a wee letter saying manufacturing should be exempt.

Plus, Commonwealth Bank have been busy cursing the gods of computing (we’re guessing). Its ATMs did a little guerrilla wealth redistribution, randomly spitting out money on the street.

In other news…

  • The RBA left interest rates unchanged; inflation to remain within its forecast
  • City home prices have fallen due to higher interest rates and floods putting off buyers
  • Australia’s on track to earn a record $251 billion from commodity exports next financial year
  • James Packer quit the board of Ten after Seven exec James Warburton was named the new Ten CEO
  • The ATO intends to investigate 46,000 businesses under reporting cash sales

[podcast]http://itunesu.its.rmit.edu.au/sites/default/files/itunesmedia/tlkbus52C.mp3[/podcast]

Garry Barker and Leon Gettler both have established careers with The Age newspaper, where Garry Barker is its Technology Editor, and Leon Gettler is a Senior Business Journalist. Gettler also works freelance on a number of other publications.

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