Update for Thu Apr 28 08:25:34 EST 2011
|Julia and Tim London-bound|
|Julia and Tim are off to the royal wedding as Wayne Swan hunkers down|
PM Julia Gillard departs China for London this morning to attend the royal wedding with partner Tim Mathieson.
Acting PM Wayne Swan is in Canberra for budget meetings. He leaves for Brisbane tonight.
Opposition LeaderTony Abbott is in Alice Springs where he will meet with local elders to discuss social and housing problems.
Busy Bill: It's a treasurer's time to shine, but there are also opportunities for an ambitious deputy. As the budget approaches, Bill Shorten is pumping out press releases at the rate of about two to every one issued by Wayne Swan. Still, he's got some catching up to do if he wants to reach the levels of pre-budget busyness attained by his predecessor, Nick Sherry.
Masterclass: Still on the budget, those in the know continue to marvel at the National Health and Medical Research Council's extraordinary success in beating off Finance with a stick. Research was facing the loss of hundreds of millions of dollars in budget cuts, but won a reprieve last week. The same thing happened in 2008, when the-PM Kevin Rudd stepped in to personally veto proposed cuts.
Defensive: The Greens put out their latest media contact list yesterday with the glamorously-named Paris Lord the new spokeswoman for up-and-comer Sarah Hanson-Young. They can be a bit hit and miss on providing comment, but to our minds, they're still better than defence public affairs who, despite a looming shake-up, can still take more than 24 hours to respond to routine inquiries.
In Canberra today...
House of Representatives Standing Committee: Infrastructure and Communication, on the role and potential of the National Broadband Network.
Legal & Constitutional Affairs Legislation Committee, on the Patent Amendment (Human Genes and Biological Materials) Bill 2010 No. 2.
ANU poll launch - The Internet and Civil Society.
Launch of the latest AMP-NATSEM report on differences in early childhood development.
|New York Market Close Apr 27/11 05:21 PM EDT|
| Metals || Bid || Ask || Change || Low || High |
|Nasdaq ends at 10-year high in Bernanke-fueled rally|
|NEW YORK (Reuters) - The Nasdaq jumped to a 10-year high as U.S. stocks rallied on Wednesday after Fed Chairman Ben Bernanke's first-ever press conference did nothing to short-circuit investors' optimistic outlook on the economy. | Full Article|
|Buffett's Berkshire Hathaway says it may sue Sokol|
|April 27, 2011 04:30 PM ET|
|NEW YORK (Reuters) - Berkshire Hathaway on Wednesday said David Sokol misled the company in the way he disclosed his financial interest in Lubrizol Corp before pushing Berkshire CEO Warren Buffett to buy it. | Full Article|
|EBay profit tops forecasts on higher sales|
|April 27, 2011 04:34 PM ET|
|NEW YORK (Reuters) - EBay Inc reported a higher than expected quarterly profit as it sold much more merchandise on its marketplaces and its PayPal payment system was used by more merchants. | Full Article|
|Fed signals no rush to tighten after bond buying|
|April 27, 2011 04:13 PM ET|
|WASHINGTON (Reuters) - The Federal Reserve signaled on Wednesday it is in no rush to scale back its support for the U.S. recovery as it cut its forecast for 2011 economic growth. | Full Article|
|Starbucks Q2 fails to dazzle as shares slip|
|April 27, 2011 04:24 PM ET|
|LOS ANGELES (Reuters) - Starbucks Corp's quarterly earnings failed to impress as Japan's earthquake and the bankruptcy of cafe partner Borders Group Inc weighed on profit. | Full Article|
|Which hospitals have more problems after surgery?|
|Scientists oppose European stem cell patent ban|
|Should hysterectomy mean the ovaries come out too?|
|WHO warns of enormous burden of chronic disease|