Air France-KLM Group is cancelling about 15 percent of its flights today as cabin-crew strike to protest plans to cut the number of on-board attendants entered a third day. Bloomberg
READ MOREOctober, 2011
The mounting Australian death toll in Afghanistan
This year is already the deadliest for Australian troops in Afghanistan – 11 deaths so far compared with 10 in 2010 and 11 in all the years before then. Click image for larger version
READ MOREJoyce’s logic – offshoring the winner no matter what
Alan Joyce’s logic is the elegant reasoning of a terrorist. If the result of his massive disruption of the Australian transport system is the further shredding of the Qantas brand, which began under Geoff Dixon and which has accelerated rapidly under his Irish successor, and leads to further service cuts as Australians turns their back [...]
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The doubts are growing about the Euro settlement
The money men who lend to governments had their first real opportunity on Friday to pass judgment on the latest extend and pretend European sovereign debt solution. Italy, in selling €8bn of 10-year bonds, had to agree to pay an interest rate of 6.06pc – higher not lower than the pre-solution rate. Comments this morning on [...]
READ MOREJoyce holds knife to Australia’s throat says pilots’ union
The Australian and International Pilots Association tonight issued this statement on the action by Qantas: Published on Saturday, 29 October 2011 20:23 Alan Joyce’s decision to ground the entire Qantas fleet is nothing short of a maniacal overreaction, the Australian and International Pilots Association said today. AIPA Vice President Richard Woodward said the move was [...]
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A Prime Minister cool under pressure
A very competent Prime Minister this evening when giving a press conference on the Qantas dispute. She skilfully avoided placing blame and showed a calm assurance. Clearly she believes that the Fair Work legislation of which she was the author is capable of handling a complex situation.
READ MORETony perhaps not so clever about the Qantas dispute
It is a standard response for a political opposition when there’s a problem – the government ought to do something about it. So Tony Abbott’s comments yesterday on the industrial problems at Qantas were predictable. From the Opposition Leader’s website: Interview with Karl Stefanovic, Today Show, Channel Nine Posted on Friday, 28 October 2011 Subjects: [...]
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Well fancy that! With ratings agencies the more you pay …
Financial newsagency Bloomberg has those international ratings agencies in a bit of a tizz this morning. “Credit Rating Companies Favoring Borrowers Paying Most” is how a story on some academic research into ratings is headlined. Credit-rating companies routinely award higher rankings to debt issued by banks and corporations that pay them the most, a conflict [...]
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