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Aug 21, 2011

Smartcompany News & Analysis: ] Meet the billionaire tipped to be the next Warren Buffett, MYOB sold in $1.2bn deal, Melbourne builder collapses, Colorado Group to be reborn

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Today on SmartCompany we examine five strategy secrets from Super Retail Group, one of the only retailers in Australia to see its share price actually rise in the last 12 months. We also look at the sale of MYOB to another private equity group, examine the plan to resurrect Colorado Group and look at the collapse of a Melbourne construction group. Plus in Entrepreneur Watch, James Thomson looks at what the huge steel sector job cuts say about the state of our economy.

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

Rich Secrets
Warren Buffett’s heir apparent?
We're all looking for the second coming of Warren Buffett, but few of us are brave enough to declare we might have found the new messiah. BY JAMES THOMSON.
Warren Buffett’s heir apparent?

Property
Adjusting property value growth for inflation
With property values falling across most parts of the country and inflation climbing we look at the impact of inflation on property values and how the capital city property markets are performing in inflation adjusted terms. BY TIM LAWLESS.
Property

Aunty B
What is the one thing I can do to really turbo charge the business?
You want to turbo-charge your business? Revitalise your board. Haven't got one? Then get one now.
Aunty B

Selling
Sue Barrett
A good sales proposal demonstrates real value; a quote just offers a price.
Sue Barrett

Behavioural Economics
Bri Williams
Customer service is undoubtedly one of the trickiest areas of business management.
Bri Williams

Retail trends
Kevin Moore
Tales of how we react to the recession are very telling of how true it is that really engaged shoppers will always shop.
Kevin Moore

Entrepreneur Watch
James Thomson
BlueScope’s savage job costs underline how tough it is going to be for some sectors to adjust to the strong Australian dollar.
James Thomson

Ping Newsletter Alcatel scandal ties up NBN resources

Ping Newsletter
Bain pips Sage to buy MYOB for $1.2bn
US private equity outfit Bain Capital has emerged as the last-minute buyer of MYOB, yesterday securing it for $1.2 billion.
 
Alcatel scandal ties up NBN resources
THE employment of NBN executives at Alcatel was the subject of more than 3700 emails exchanged between NBN Co, its lawyers and the government.
 
US buyers snap up discounted TouchPad
HEWLETT-PACKARD'S defunct TouchPad tablet has virtually sold out in the United States after its price was slahed from $US499 to $US99.
 
Digital key to print survival
JUST how much is a newspaper business worth?
 
Anti-litter group's bins on Facebook
THE environmental group has incorporated geo-marketing and location-based software into its strategy.
 
HP's TouchPad tablet killed in Australia
HEWLETT-PACKARD'S much anticipated TouchPad tablet computer has been withdrawn from sale in Australia just four days after its retail launch.

Are We Headed for Another Recession? by Jill Schlesinger

Jill Schlesinger gives us an excellent article,  it is a  must  you cannot allow to miss its reading:


Are We Headed for Another Recession? 

Is this the beginning of another recession? The truth is: It doesn’t matter. No matter what we call it, the economy stinks right now.
I know we haven’t qualified as being in a recession based on the two ways that it’s usually defined: (1) the rule of thumb method, which is two consecutive quarters of contraction in GDP or (2) the official way-the National Bureau of Economic Research (NBER) has not declared that the economy has experienced “a significant decline in activity.”


NYT: Breaking News: Qaddafi Son Arrested, Rebel Council Members Say

The New York Times
Sunday, August 21, 2011 -- 6:12 PM EDT
----
The rebel leadership in Libya announced that insurgents had captured Seif al-Islam el-Qaddafi, Col. Muammar el-Qaddafi’s son and heir apparent.

While that could not be confirmed, the rebels raced through part of the capital city with apparent ease, and NATO and American official made clear that they expected that control of Tripoli, which had been the final stronghold of the longtime Libyan leader, was now in doubt.

Read More:
http://www.nytimes.com/2011/08/22/world/africa/22libya.html?emc=na

The Australian Capital Circle: Jobs losses, protests, court cases and scandal

Capital Circle Newsletter
Jobs losses, protests, court cases and scandal
 
As parliament resumes, Labor faces a day of protests in Canberra, manufacturing job cuts, a High Court challenge and an ongoing scandal.

Julia Gillard will launch the Australian Multicultural Council with Senator Kate Lundy today at about 11.30am. Cabinet will meet this evening. Ms Gillard will not address the Convoy of No Confidence rally, but she is expected to hold a press conference today.
Tony Abbott is expected to address the rally today in Canberra. He'll talk about the carbon tax, manufacturing job losses, the Craig Thomson scandal and the asylum seeker swap deal.
***Email Capital Circle. Click here to subscribe***
Pressure on the Government is coming from all sides today. The Convoy of No Confidence , a collection of trucks, cars and semi-trailers is rolling into Canberra to protest at Parliament House (report), creating traffic chaos in the capital (report) (Convoy route). The Coalition is stepping up its push for an investigation into beseiged Labor MP Craig Thomson, calling for him to be stood down as chair of the House economics committee (report).
The move comes as the Daily Telegraph reports: MORE allegations have come to light against embattled Labor MP Craig Thomson, with court documents claiming he breached electoral laws by spending nearly $40,000 on his union credit card for his 2007 election campaign.
Shadow Attorney-General George Brandis will write to the NSW police today, calling for t
Read more...
 
Mumble
Peter Brent
Peter Brent
 
Thommo in Dobell
Labor MP Craig Thomson, one of the class of 2007, is in trouble. His seat of Dobell on the NSW central coast, north…
 
More Peter Brent




The Washington PostToday's Headlines: Today's Highlights / Politics / Style / Sports / World / Live Discussions / Technology / Business

The Washington Post

TODAY'S HEADLINES



TODAY'S HIGHLIGHTS
Perry criticizes government, but Texas jobs benefit from it
The governor is dismissive of government, even as it has played a central role in his state’s impressive job-creation record.
(By Michael A. Fletcher)

Libyan rebels seize Zawiyah
The rebel army advances set off a wave of speculation that Gaddafi’s rule was crumbling, and the Libyan leader gave an address apparently by phone.
(By Thomas Erdbrink and Leila Fadel)

At home, war in small doses
After ten years of fighting, the wars in Afghanistan and Iraq surface on the home front in fleeting, sentimental and sanitized glimpses.
(By Greg Jaffe)

Crimes against volunteers vex Peace Corps
TheThe Peace Corps has been criticized over changes it made in the way it handles violent crimes against volunteers.
(By Lisa Rein)

The man behind the King memorial
Harry E. Johnson Sr., who has steered Washington’s new Martin Luther King Jr. memorial for nine years, prepares to raise the curtain.
(By Michael E. Ruane)

POLITICS
Crimes against volunteers vex Peace Corps
TheThe Peace Corps has been criticized over changes it made in the way it handles violent crimes against volunteers.
( by Lisa Rein , The Washington Post)

Building political clout
A half-million new residents crowded into Northern Virginia in the last decade, creating a new state Senate district.
( by Anita Kumar This is part of a series on the Aug. 23 General Assembly primary elections in Northern Virginia. The series will appear in August. , The Washington Post)

Rosecroft Raceway to reopen
The once-storied horse track in Prince George’s County will open its doors again on Thursday.
( by John Wagner , The Washington Post)

Gov. O’Malley leaves door open to tax increases
Maryland Gov. Martin O’Malley said Saturday that tax increases could be necessary next year because the state faces a $1 billion budget shortfall and great uncertainty about how Congress’s action to reduce the federal debt will affect the state.
( by John Wagner , The Washington Post)

65 environmentalist protesters arrested at White House
WASHINGTON — Dozens of environmentalist protesters have been arrested outside the White House on the first day of a planned two-week protest over a proposed oil pipeline from Canada to the U.S. Gulf Coast.
( Associated Press Associated Press , AP)




STYLE
The puppy is running amok
He is housebroken but is chewing everything in sight. It’s tough to find time to give him more exercise. What’s to be done?
(, The Washington Post)

Miss Manners: Respect and homage are two different things
A reader questions Miss Manners about a recent column.
(, Universal Press)

Ask Amy: Widower ready to socialize, but how?
He’s nowhere near ready to date, but would love to be part of social outings.
(, Tribune Media Service)

A walk on the high side in Vietnam
Closed to tourists until the 1990s, nation’s rural highlands feature dramatic peaks, rivers and gorges.
( by Susan Harb Special to The Washington Post , The Washington Post)

Pop CD review: Active Child
The full-length debut of Pat Grossi’s one-man project, Active Child, draws from everything and everywhere.
(, The Washington Post)


SPORTS
Get ready, world, Wieber is on her way after winning 1st US gym title in a rout
ST. PAUL, Minn. — The rest of the world should consider this a warning from Jordyn Wieber.
( Associated Press Associated Press , AP)

Jones hits go-ahead RBI single in 12th, but Gregg blows lead in Orioles' 9-8 loss to Angels
ANAHEIM, Calif. — The Baltimore Orioles’ latest defeat in a season full of embarrassing ones will be remembered most for consecutive plays third baseman Josh Bell wasn’t able to execute with his team leading by two runs in the 12th inning, and a desperation bunt in the 11th by — of all people — slugger Mark Reynolds.
( Associated Press Associated Press , AP)

Donovan McNabb looks sharp in limited action; Vikings hold off Seahawks 20-7
SEATTLE — Donovan McNabb only needed one good drive to see progress from his first preseason start with Minnesota.
( Associated Press Associated Press , AP)

Robbie Keane scores in his dynamic debut in the LA Galaxy's 2-0 win over San Jose Earthquakes
CARSON, Calif. — Although Robbie Keane has been celebrating his goals the same way for 14 years, his trademark cartwheel-somersault is new on this continent.
( Associated Press Associated Press , AP)

Gregg, O’s let one slip away
Bobby Abreu hits a bases-loaded sacrifice fly to cap a three-run 12th inning and give Los Angeles a victory.
( Associated Press Associated Press , AP)


WORLD
Pope urges pilgrims to spread the faith as youth festival ends; storm damage complicates Mass
MADRID — Pope Benedict XVI urged more than a million young people to become missionaries for the faith Sunday, giving them words of encouragement as he concluded the church’s youth festival.
( Associated Press Associated Press , AP)

Militant attacks kill 2 soldiers, wound over a dozen in northwest Pakistan
PESHAWAR, Pakistan — Militants carried out a series of attacks against soldiers in Pakistan’s rugged tribal region along the Afghan border Sunday, killing two troops and wounding more than a dozen others, intelligence officials said.
( Associated Press Associated Press , AP)

Assad to comment on U.S. demands he step down
BEIRUT — Syria’s President Bashar Assad will comment on U.S. and European demands that he step down and sanctions in an interview that will be broadcast Sunday on state television.
( Associated Press Associated Press , AP)

Japanese leader's public approval crumbles ahead of likely resignation
TOKYO — A new poll shows that Japanese Prime Minister Naoto Kan’s public approval rating has fallen to the lowest level since he took office last year.
( Associated Press Associated Press , AP)

Officials say 2 suicide blasts kill 11 anti-al-Qaida tribesmen in Yemen's turbulent south
SANAA, Yemen — Yemeni tribal and security officials say suicide bombers have killed 11 anti-al-Qaida tribesmen in the country’s south.
( Associated Press Associated Press , AP)


LIVE DISCUSSIONS
Ask Boswell
Sports Columnist Tom Boswell will take your questions about baseball, the Redskins, the Wizards and more.
(, vForum)

ComPost Live with Alexandra Petri
The Compost, written by Alexandra Petri, offers a lighter take on the news and political in(s)anity of the day.
(, vForum)

Opinion Focus with Eugene Robinson
Washington Post columnist Eugene Robinson discusses his recent columns and the latest news in a live Q&A.
(, vForum)

Debt Ceiling drama: Why Jonathan Capehart thinks your voice needs to be heard
In his Post-Partisan blog post today, Opinion writer Jonathan Capehart said that "Folks should be marching on the Capitol" in protest of the way the debt issue is being handled. Do you agree?
(, vForum)

Chatological Humor: Monthly with Moron
Gene Weingarten takes polls and chats about his recent columns.
(, vForum)


TECHNOLOGY
The Daily Show On How Chain Bookstores Can Compete With The Internet

( by TechCrunch.com , TechCrunch.com)

Review: Energizer Dual-Zone Inductive Charging Pad

( by TechCrunch.com , TechCrunch.com)

Microsoft: Windows Phone Mango Is Done, Manufacturers Just Need To Release It

( by TechCrunch.com , TechCrunch.com)

HP Issues TouchPad Liquidation Order – Get Yours Now For $100

( by TechCrunch.com , TechCrunch.com)

Don’t Follow The Crowd

( by TechCrunch.com , TechCrunch.com)


BUSINESS
Volkswagen to launch new small car, the up!, in Europe in December
BERLIN — Volkswagen AG says it will launch a new small car — the up! — in Europe in December.
( Associated Press Associated Press , AP)

Laid off workers, aging baby boomers push Social Security disability to verge of insolvency
WASHINGTON — Laid-off workers and aging baby boomers are flooding Social Security’s disability program with benefit claims, pushing the financially strapped system toward the brink of insolvency.
( Associated Press Associated Press , AP)

Biden: China and U.S. share global responsibilities
In a speech to Chinese students, he stresses countries’ mutual political and economic concerns.
( Associated Press Associated Press , AP)

The Daily Show On How Chain Bookstores Can Compete With The Internet

( by TechCrunch.com , TechCrunch.com)

Review: Energizer Dual-Zone Inductive Charging Pad

( by TechCrunch.com , TechCrunch.com)

NYT Today's Headlines: Top News / Quotation Of The Day / Sports / Opiniion / World / Business / Magazine /On This Day




Latest Business News at Time Of Posting
Brazil's Vale CEO: No Problems Yet Due to Global Crisis 
A Look at Social Security's Disability Program 
Bernanke to Aid Recovery With Gradual Boost in Dosage

Today's Headlines

TOP NEWS

Heavy Fighting Reported in Tripoli; Rebels Encircle City

By KAREEM FAHIM and DAVID D. KIRKPATRICK
Rebel leaders in Tunis and eastern Libya characterized it as the beginning of a new uprising in the capital as Col. Muammar el-Qaddafi's hold in Libya seemed to slip.

Perry Mines Texas System to Raise Cash

By NICHOLAS CONFESSORE and MICHAEL LUO
Over three terms in office, Gov. Rick Perry has doled out state aid to his most generous supporters and their businesses.

In Father's Memory, Fighting to Stay in Britain

By NINA BERNSTEIN
Britain repels illegal immigrants through an enforcement system partly run by private contractors, but it has legitimized treating foreigners as scapegoats.
QUOTATION OF THE DAY
"I don't think if a kid got paid last year that it's the first time in college football history that a kid got paid. It's the reality of it."
STEVE SARKISIAN, head football coach at the University of Washington, discussing the recent wave of scandals in college football.

Sports
9:21 A.M. One of Pletcher's horses receiving a bath at Belmont Park.

Slide Show: All the King's Horses

A day in the life of North America's top trainer: hot walking, hand holding and a heart-thumping victory.
Opinion

Interactive Feature: If I Were President...

What leaders in fields other than politics would do if they ran the country.
WORLD

Nations Race to Defuse Crisis Between Egypt and Israel

By DAVID D. KIRKPATRICK and ISABEL KERSHNER
Diplomats scrambled to smooth relations between the two countries, and the Israeli government issued a rare statement of regret for the killing of three Egyptian security officers.

Casualties on Both Sides as Israel and Gaza Trade Fire

By ISABEL KERSHNER and FARES AKRAM
Palestinian militants fired rockets deep inside Israeli territory, and Israel struck a squad firing mortars from northern Gaza.

Migrants in United Arab Emirates Get Stuck in Web of Debt

By JASON DePARLE
Many workers in the United Arab Emirates have spent beyond their means, and staggering losses and jail terms have followed.
U.S.

Laser Advances in Nuclear Fuel Stir Terror Fear

By WILLIAM J. BROAD
General Electric's success with a half-century-old idea for enriching nuclear fuel more easily, using lasers, has critics worried that rogue states might use the method to make bomb fuel.

As Farmers' Markets Go Mainstream, Some Fear a Glut

By KATIE ZEZIMA
Farmers in some pockets of the country say the number of farmers' markets has outstripped demand.

Nuns, a 'Dying Breed,' Fade From Leadership Roles at Catholic Hospitals

By KEVIN SACK
The gradual transition from religious to lay leadership, which has been changing the face of Catholic health care for decades, is now nearly complete.
POLITICS

If Phones Ring, Obama Is Here, With Cell Power

By ABBY GOODNOUGH
Spotty cellular service magically improves on Martha's Vineyard when President Obama and his family arrive for what has become a yearly August vacation.

For President at Play, Family Outings, Golf and Lots of Advisers

By MARK LANDLER
On Martha's Vineyard, the Obama family vacation includes daily counterterrorism updates, economic briefings and the occasional golf game.

Giffords Now Knows Who Was Killed in Rampage

By THE ASSOCIATED PRESS
The congresswoman was told last month that an aide and a close friend were among the dead in the shooting that also left her gravely wounded.
BUSINESS

In Silicon Valley, the Night Is Still Young

By CLAIRE CAIN MILLER
Even as memories of the dot-com bust rustle in the background, Silicon Valley is still thriving and generally optimistic.
DealBook

Star Analysts Are Back (No Autographs, Please)

By SUSANNE CRAIG
The market's gyrations notwithstanding, Internet stock analysts are again in style.

Verizon Workers Plan to End Strike, Agreeing to Revive Talks Toward a Contract

By STEVEN GREENHOUSE
Union officials said the company signaled a greater commitment to bargaining, but the discussions may still be lengthy.
TECHNOLOGY
News Analysis

Google Goes Hardware Shopping

By STEVE LOHR
The Motorola venture, business experts say, promises to educate Google about consumers - and just how cranky and demanding they can be.
Digital Domain

High-Tech Product, Low-Tech Pitch

By RANDALL STROSS
Radio has been losing advertising dollars to the Internet, but now some tech companies are pushing their wares over the airwaves.
Slipstream

Just Give Me the Right to Be Forgotten

By NATASHA SINGER
Europeans generally can revoke their permission for companies to keep their personal data. But Americans often can't.
SPORTS

College Football's Ugly Season, Facing Scandals of Every Stripe

By PETE THAMEL
A University of Miami booster's allegations of prostitutes and lavish gifts to players adds to an off-season in which at least 10 major institutions faced investigations or penalties.
Twins 9, Yankees 4

Burnett Leaves Early in Anger, and Girardi Heatedly Defends Him

By DAVID WALDSTEIN
In his worst outing of the season, and perhaps his worst as a Yankee, A.J. Burnett surrendered seven runs on a combination of five hits, three walks and two wild pitches.
Brewers 11, Mets 9

Mets Closers Past and Present Don't Come Through

By MARK VIERA
Francisco Rodriguez gave up the go-ahead runs in the eighth inning, but the Brewers scratched out a victory in the ninth against Jason Isringhausen and Manny Acosta.
ARTS

A Gift From the Musical Gods

By ZACHARY WOOLFE
Charisma is that special gift that can't be learned, that we recognize even if we can't explain it.
Arts & Leisure

Together Again for the First Time

By DAVE ITZKOFF
"Mirror Traffic," the new album by Stephen Malkmus and the Jicks, is the band's first effort produced by Beck Hansen, a k a Beck.

It Happened One Night at the Cheetah

By LARRY ROHTER
A night that changed everything for Latin music was captured in the 1971 film "Our Latin Thing (Nuestra Cosa)," being released as a remastered DVD and CD set.
NEW YORK / REGION

The High Price of Looking Like a Woman

By LAURA RENA MURRAY
Some transgender women seek out practitioners who will illegally, and dangerously, inject them with silicone to achieve a more feminine appearance.

Lawyer for Strauss-Kahn's Accuser Expects Charges to Be Dropped

By JOHN ELIGON and WILLIAM K. RASHBAUM
The lawyer representing the hotel housekeeper who accused Dominique Strauss-Kahn of sexual assault said he expected some or all of the charges to be dismissed.

Scouting the City for Her Characters

By JOHN LELAND
Sarah Jones, a playwright and performer who could be described as an unlicensed anthropologist, hunts the streets of New York looking for inspiration for her next show.
MAGAZINE

The Dollar-Store Economy

By JACK HITT
The ubiquitous dollar store is the American dream writ small.

Do You Suffer From Decision Fatigue?

By JOHN TIERNEY
The very act of making decisions depletes our ability to make them well. So how do we navigate a world of endless choice?
First

What Would Hillary Clinton Have Done?

By REBECCA TRAISTER
If Hillary were president, we would still be in this mess.
EDITORIALS
Editorial

Surely They Can Read a Spreadsheet

The economy is in profound trouble and is in desperate need of business leaders to promote sound ideas for both growth and deficit reduction.
Editorial

The Debate on Fracturing

A lot more needs to be done to reduce the risks of hydraulic fracturing before natural gas drilling can gain public confidence.
Editorial

Mr. Demiraj's Nightmare

Unless the Supreme Court decides otherwise, the family of an illegal immigrant who once agreed to testify against a gangster will be deported to Albania, where danger waits.
SUNDAY REVIEW
Opinion

In Defense of Secrecy

By JULIE SALAMON
Wendy Wasserstein - one of the most public artists of her time - kept basic facts about her life secret.
Op-Ed Columnist

Of Dystopias and Alphas

By MAUREEN DOWD
Why can't the president who promised revolution set the Washington schedule rather than bow to it?
Op-Ed Columnist

Jews in a Whisper

By ROGER COHEN
Jewish identity is an intricate subject and quest, on either side of the pond.
ON THIS DAY
On Aug. 21, 1959, President Eisenhower signed an executive order proclaiming Hawaii the 50th state of the union.