Today's Business Headlines

Rattled markets look to rate cuts as circuit breaker
Governments around the world have warned of further economic weakness and financial turmoil from the credit crisis, fuelling hopes that a cut to US interest rates by the Federal Reserve tomorrow morning will lead another round of aggressive monetary policy easings among leading central banks. The Fin Review


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Page 3 Australian Financial Review Emissions Trading. So now Mr Rudd and Treasury are going to spend taxpayers cold hard cash overseas to purchase carbon to meet Australia's emission target scheme. Surely it would be much smarter to spend taxpayers A$ at home by providing to Australian taxpayers and Australian Companies an incentive tax break for investment in carbon generating, carbon neutral projects/industry and in CO2 reductions by industry. The old carrot and donkey act. Unfortunately for Australian taxpayers, Treasury is holding the carrot, the bag, feeding its face and has become fat, lazy and out of touch with the the carrot growers. The Australian community and taxpayers.

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