Today's Business Headlines

China billions set to benefit WA economy; Rio shareholders still unhappy with deal; Axe to fall at NAB; Short-selling ban 'in the national interest'; Agencies in spotlight as banks push for ratings reform


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Canning Vale
Re: banks complaining on the way they are rated. The banks have been under valuing assets of small business for lending purposes for many years, especially manufacturing businesses. I hope they will now understand the damage they have done to the economy for many years now.

Mount Gambier
Why can the pension payments be taken away from the banks as the fees they are taking off pensioners is ludicrus for example the great system in place already is 1. direct payments for rent, utilities except phone which every pensioner should be given a free phone and set to a budget, 2. a food bank where every fortnight they take the number of coupons any of the stores can participate on these coupons. 3.when we had the commonwealth cheques it was cash able any where, how can you default payments of housing if its direct 4.why cant they provide transport identification for those that do not have transport. 5. work on the 25%+25%+25%+25% Basis 25% Food and Living expenses 25% Housing expenses, 25 % Medication& Doctors appointments in remote regional towns & Savings for rainy Day and 20 % for utilities etc 5% for Dignity 70% of volunteers come from this age group the are slaves to save govt money in infrastructure costs they cut back on. Finaly again there has been a gap in the funds that have not received hardly any funding a Mature age disability Pensioner who put some money away in the superannuation who has now been told he has none as the super has been lost. To sick and unable to go back to work, is embarassed that his wife even has to wipe his bum! how would you feel Mr/Mrs Poloticians and after 3 attemps to finalise my on going pain why should I be treated like a prisoner in my own home living fortnight to fortnight running out of food two days before the pay day running out of my prescribed tablets continually going up and down inand out because I cant afford the extra costs of sedation, Do I and others have to succeed at our attempts so then you wont have to worry but cause the whole family further pain, I was brought up to be a provider not a bludger, as now through sickness now facing at some time the death penalty in the meantime suffering, My wife and family do not deserve to suffer and live like this. So if you are not going to support us then like a dog let us have our choice and put us out of our pain . one or the other come on be fair.

Do shareholders of Rio know the situation the comany will be facing? Shareholders have the right to determine the fate of the company even if it is to close its doors but governments should not interfere. Although I think the deal between Rio and Chinalco is good for everyone, I still think shareholders have the right to have a say in it. It should not be a take it or leave it proposition. China is wise to use its reserve to invest in the world, it will be a win-win situation. But China has to be carefull, China may be accepted in Africa, Latin America, Asia or the Middle East. The West is still wary about China. The reason is that the West always had their ways. They will not welcome a new kid on the block with open arms. It does not matter what China does, there are still many many people in the west that think China is and will be a threat to their well being.

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