Stocks to Watch: Stocks in focus Tuesday
|Evening Market Wrap||Mon Nov 22 17:01 2010|
|It is good enough for the NBN and it is happening|
|There's been a Newspoll bounce for the PM, but the NBN millstone still hangs heavy|
First off: JULIA Gillard's personal support and Labor's vote have pulled out of post-election slumps. But the government faces overwhelming voter support for the Coalition's demands for a full costing of the National Broadband Network. For the first time since the August 21 election, the Labor government has pulled ahead of the Coalition on a two-party-preferred basis, 52 to 48 per cent - a reversal of the support two weeks ago, Dennis Shanahan reports. (Newspoll tables here). (Shanahan's take).
Business case: THE Gillard government has hired external corporate advisers to test the assumptions underpinning the confidential business case behind the NBN. Industry leaders have warned Labor it is failing to heed the lessons of the Telstra experience by deciding against mandating the privatisation of the $43 billion network, Annabel Hepworth and Lauren Wilson report.
Upper House deadlock: SENATE support for national broadband network legislation is perched on a knife edge, after the government yesterday failed to reach an agreement with two key independents ... the government hopes to pass competition law changes through the Senate this week, Clancy Yeates writes. The Greens yesterday said they would back the bill, which splits the retail and wholesale arms of Telstra, independent senators Nick Xenophon and Steve Fielding had last night failed to reach a compromise with the government.
Top Talker: Read more...
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