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Credit experts line up to rebuff Joyce

By economics correspondent Stephen Long for PM Economists have joined the Federal Government in branding Senator Joyce's comments irresponsible, especially at a time when financial markets are jittery and overseas investors might take his comments seriously. Credit ratings agencies that

Little invested in eurozone: Future Fund

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Less than one per cent of the $65 billion Future Fund is invested in peripheral countries of Europe , such as Spain and Portugal, and where there are worries over sovereign debt levels . General manager of the Future Fund Management Agency Paul Costello told a Senate estimates
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Toyota Recall Cost Will Pass $2 Billion, Lawyers Say (Update1) - Bloomberg.com

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People who purchased Toyota vehicles in the U.S. have filed at least 34 class action lawsuits against Toyota, seeking damages that range from loss of car value to a return of profits. Toyota faces at least 12 individual lawsuits claiming deaths or injuries caused by unwanted acceleration of
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Papandreou Takes on Greek Unions to Push Through Cuts (Update1)

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In unions’ first major challenge since Papandreou’s Oct. 4 election, teachers, hospital workers and tax collectors will strike for 24 hours on Feb. 10 as 600,000 public workers oppose his plan to freeze wages and reduce benefits. Today, the union said it may join a private-sector walkout
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Mid-Atlantic States Shovel and Brace for More Snow (Update1) - Bloomberg.com

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The storm of 2010 that was described by some forecasters as “epic” left almost 40 inches of snow in some places. The blizzard led to thousands of power outages and shut down air traffic along the mid-Atlantic seaboard. The National Weather Service said an encore storm was forming that
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Papandreou Takes on Greek Unions to Push Through Cuts (Update1) - Bloomberg.com

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In unions’ first major challenge since Papandreou’s Oct. 4 election, teachers, hospital workers and tax collectors will strike for 24 hours on Feb. 10 as 600,000 public workers oppose his plan to freeze wages and reduce benefits. Today, the union said it may join a private-sector walkout
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Toomey packs into PNG front row

Gary Toomey . . . on the charge. Illustration: John Shakespeare But since becoming chief executive of Airlines PNG in June last year, the Toomey star appears to be on the rise in Papua New Guinea. Toomey has thrown his weight behind the rugby league-mad nation's bid to get a team in the

Treat for elite as Reserve Bank celebrates

However, a secretive gala dinner at the Art Gallery of NSW to mark the event last night attracted a who's who of Australia's political and business world. Bankers rubbed shoulders with celebrated economic figures. Past prime ministers from both sides of the political divide gathered to drink a

Swan praises Costello policy

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TREASURER Wayne Swan abandoned politics last night to pay tribute to his Coalition predecessor Peter Costello. Speaking to central bankers from around the world, who gathered in Sydney to commemorate the Reserve Bank's 50th birthday, Mr Swan said Mr Costello and former prime minister John
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Swan pays tribute to Costello and Howard for economic reforms

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Unlikely praise ... Janette and John Howard. Photo: Wolter Peeters THE federal Treasurer, Wayne Swan, set aside party politics last night to pay tribute to his Coalition predecessor Peter Costello. Speaking to the central bankers gathered to commemorate the Reserve Bank's 50th
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