The federal government has adopted a Keynesian-style stimulus policy with its new temporary instant asset write-off, moving cash flows for small businesses forward and recouping the revenue in later budgets.
Premier Colin Barnett will be looking for a new chief of staff now that Brian Pontifex has been appointed as Australia's next ambassador and permanent representative to the Organisation for Economic Co-operation and Development in Paris.
There are plenty of theories floating around today as to why the Australian Government has failed so badly at managing its finances but behind the politics is a simple fact; it has never understood that business creates wealth and jobs, not government.
Super pain, little gain for Labor – The Aus; Rio to sell struggling coalmines as prices dip – The Fin; Wave of hotel plans to change face of city – The West; Treasury unsure on mining tax outlook – The Fin; Hardship against grain for top cockie – The West
Tax shuffle will cause grief: employers – The Aus; Gillard to demand deeper integration with Asia – The Fin; Grim outlook for Caterpillar – The Aus; Norilsk in strife over power bill – The West; Gold Fields to cut jobs as costs bite – The West
Swan juggles to save slim surplus – The Aus; Monthly bills will cost real money – The Fin; Yara's Pilbara plant hit by breakdown – The West; HBF vows to limit increases – The West; Weak nickel price forces Panoramic to find savings
Relief for bosses on sacking laws – The Aus; Signs of a respite for Swan – The Aus; Iron miner rows with Chinese customer – The West; Asian paper dumps IR for education – The Fin; More foreign workers set for mines – The West
Economy hit as resources go backwards – The Fin; Labor backflip on dirty power angers Greens – The Aus; Forrest stalwarts among those to go in jobs purge – The West; Iron ore miners take a $4bn hit – The Aus; Scaffolders share raising hits hurdles – The West
Productivity gap 'holding back growth – The Aus; Swans song: Born in the ALP – The Fin; BHP hit by job loss talk – The West; Gina lines up China sales for Roy Hill – The Aus; Childcare crisis – The West
Swan's class war lifts Labor base vote – The Aus; Costs threat to $200bn gas future – The Fin; $450m solar flare – The West; Ex-Verve boss scathing of plan – The West; Business tax still on Swan's agenda – The Fin
Tricks, cuts and handouts – The Fin; Swan defiant on tax retreat – The Aus; Porter faces bigger hurdle as WA take slashed – The West; $100m billing system blowout – The West; Port issues Lanco debt ultimatum, pay or else – The West
$1.5bn surplus stings business – The Fin; Authority puts pressure on juniors to slash port space – The West; Twiggy to Rinehart: find jobs for locals – The Aus; Firm buys SW cows in latest milk salvo – The West; Delay threatens Bankwest profit – The West