The sad reality of our major road infrastructure projects is that most of them run wildly over budget. A sadder reality is that governments appear unable to learn from past mistakes.
Michael Pascoe is a BusinessDay contributing editor. He comments on companies, markets and the economy.
These are indeed challenging times for public policy. Listening to the federal Treasurer and reading the Business Council of Australia chief executive, I'm getting flashes of Fantasy Island.
The sad and sorry saga of Contango MicroCap Ltd is taking another turn with the effective takeover of the company for no premium. Indeed, the 6000 mostly small shareholders will pay handsomely for being locked into a tyro funds manager charging the sort of fees enjoyed by the industry's stars.
What's your bank loyalty worth? The better part of $5 billion a year.
Simplistic views of complex issues don't deliver the full story. What the critics of Australia's immigration policy miss is that one plus one can add up to more than two.
It might be hard to get corporates to admit it, but business conditions are actually booming.
Get excited about the S&P/ASX 200 if you wish, but it really doesn't matter that much.
Another day, another American mass murder, another increase in gun sales, another search for motive. But officials are overlooking the obvious.
The reason Coles offers me women's wear is that it is not thinking. Woolworths is.
There has long been an unwritten code for civilised business travel – unfortunately, it has now become necessary to write it.