Search This Blog

Translate

Search Tool




Aug 17, 2011

Smartcompany News & Analysis: Operator of iconic Sydney market collapses, Inside the long fight of Angus & Robertson franchisees, Tax experts slam more trusts confusion



Today on SmartCompany we look at the collapse of the company behind Sydney’s iconic Parklea Markets, examine the latest ATO ruling on trusts that has tax experts up in arms and reveal a new survey that suggests family business owners doubt their kids are competent enough to take over their businesses. Plus in Entrepreneur Watch, James Thomson asks what the Government can do to steer us through what it’s calling the biggest structural change in 50 years.

For all this and more, head to our home page.

Top Story
A survivor’s tale: How former A&R franchisees are looking for the next chapter
Six months after the failure of REDgroup Retail, the forgotten victims of the collapse – the former franchisees of 127-year-old book chain Angus & Robertson – are dusting themselves off. BY MADELEINE HEFFERNAN.
Next chapter in franchising

Tax Update
Finally, a (small) tax break for directors
Company directors in general have really been under the pump lately. But there is some good news on the cards. BY TERRY HAYES.
Tax break

Aunty B
One of my board members is insisting I hire a personal assistant. Should I?
Are you nuts? Well of course you are. You have three kids and are a CEO. A PA in the budget? I know women who would kill to be in your position.
Aunty B

Facebook Know-how
Lara Solomon
You should be checking your Hidden Posts section at least once a week to see if anything has fallen in there and needs rescuing.
Lara Solomon

IT Systems
Davis Markus
Could we be witnessing the decline of the PC – as our applications move to the cloud, and our devices become tablets and smartphones?
David Markus

Business Tech Talk
Paul Wallbank
Westfield's deal with Facebook shows corporate Australia is starting to understand the online world. Smaller businesses have to start making the effort.
Paul Wallbank

The Digital Bottom Line
Brendan Lewis
With Google's search results becoming more and more personalised, what does this mean for individual privacy?
Brendan Lewis

Entrepreneur Watch
James Thomson
Industry Minister Kim Carr says the economy is undergoing the biggest structural change in 50 years. But what levers can he pull?

NYT: Breaking News: News Alert: Justice Department Investigating S.&P. Over Mortgage Securities


Breaking News Alert
The New York Times
Wednesday, August 17, 2011


Justice Department Investigating S.&P. Over Mortgage Securities
The Department of Justice is investigating whether the nation’s largest credit ratings agency, Standard & Poor’s, improperly rated dozens of mortgage securities in the years leading up to the financial crisis, according to two people interviewed by the government and another briefed on such interviews.

The Justice Department has been asking about instances in which the agency’s analysts wanted to award lower ratings on mortgage bonds but may have been overruled by S.&P. executives, according to the people with knowledge of the interviews.

The investigation began before Standard & Poor’s cut the United States’ triple-A credit rating this month, but is likely to add fuel to the political firestorm that has surrounded that action.


Read More:
http://www.nytimes.com/2011/08/18/business/us-inquiry-said-to-focus-on-s-p-ratings.html?emc=na

TechCompany Update: Silicon Valley titan’s path from Facebook investor to floating nations, Sony’s new smartphone, ProBlogger’s favourite tech


Thursday, August 18th 2011

This week in TechCompany, we take a closer look at prominent Silicon Valley entrepreneur Peter Thiel in our Best of the Web. His ambitious plan to create offshore micro-nations free from government regulation has sparked a lot of discussion about the concept, but also about the investor himself. We look at a profile that highlights his views on government regulation, innovation and, yes, even partying.

We also examine some of the biggest issues of the week in our “What We Learned” section, and our bloggers examine why businesses still want PCs, and how changes to Google’s search strategy will impact on personal privacy

 

Patrick Stafford

Editor, TechCompany
 
 
 .  
BEST OF THE WEB: How Peter Theil went from Facebook to floating fortresses 
Peter Thiel – one of Silicon Valley’s most fascinating characters – has donated $1 million to a foundation that intends to build sovereign nations on platforms based out at sea free from regulations and laws. Read more



WHAT WE LEARNED THIS WEEK: Look online for offline success 
If you're an offline retailer, the launch of deals systems which provide discounts for users who check-in, should give you some hope. Read more



MY BEST TECH: Darren Rowse 
Darren Rowse of ProBlogger fame, reveals his favourite piece of tech is image software that allows him to organise and edit his photos with ease. Read more



GADGET WATCH: Sony Xperia Neo 
The Xperia Neo is a sleek Android-powered phone that has the advantage of being affordable as well. But is it for the entrepreneur? Read more



Facebook Know How – Lara Solomon 
What you should do with Hidden Posts 
You should be checking your Hidden Posts section at least once a week to see if anything has fallen in there and needs rescuing. Read more



IT Systems - David Markus 
Will we still want our PCs in the brave new world? 
Could we be witnessing the decline of the PC – as our applications move to the cloud, and our devices become tablets and smartphones? Read more



Brendan Lewis – The Digital Bottom Line 
Privacy and sausages 
With Google's search results becoming more and more personalised, what does this mean for individual privacy? Read more



Business Tech Talk – Paul Wallbank  
The corporates are getting it 
Westfield's deal with Facebook shows corporate Australia is starting to understand the online world. Smaller businesses have to start making the effort. Read more


The Australian Business Briefing: Chavez decree fuels gold rally


Chavez decree fuels gold rally
chavez Tatyana Shumsky GOLD settled at record highs today after Hugo Chavez said he planned to nationalise Venezuela's gold industry.
 
Wall St mixed as Dell tumbles
Wall St Jonathan Cheng US stocks closed mixed as Dell tumbled and as investors weighed earnings from retailers against signs of rising costs.
 
SAB goes hostile in Foster's bid
Fosters Blair Speedy BRITISH beer giant SABMiller will take a now hostile $9.5 billion bid for Foster's directly to shareholders.
 
Millions riding on a media miracle
Fairfax Media James Chessell ORBIS Australia managing director Simon Marais has some blunt advice for Fairfax Media chief executive Greg Hywood.
 
Woodside to cut 'big three' stakes
Peter Coleman Matt Chambers WOODSIDE is set to sell down stakes in its three big gas export growth projects as it looks to cut $35bn in funding obligations.
 
Funds freeze for big spenders
110818 euro-zone Nathalie Boschat FRANCE and Germany increased pressure on their peers to lift fiscal discipline with a plan to deny wayward spenders key funds
 
China's YouTube rival falls on debut
Nasdaq Lynn Cowan CHINESE online-video site Tudou scored an IPO  victory this week, but the stock declined on its first day of trading.
 
CSL's rosy outlook eases $85m pain
CSL CEO Brian McNamee in Melbourne Damon Kitney CSL expects double-digit growth despite predicting currency headwinds will shave $85m off its bottom-line profit in the year ahead.
 
Financial Markets
Wall St mixed as Dell tumbles
Wall St Jonathan Cheng US stocks closed mixed as Dell tumbled and as investors weighed earnings from retailers against signs of rising costs.
 
Chavez decree fuels gold rally
Oil firm but below $US88
 
Financial Markets Coverage