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Aug 29, 2011

WSJ ASIA ALERT: Foreign Firms Aided Libyan Spies

Asia Alert
from The Wall Street Journal


Agents working for Moammar Gadhafi spied on emails and chat messages with the help of technology Libya acquired from the West.


A surveillance center in Tripoli, explored Monday by The Wall Street Journal, provides clear new evidence of foreign companies' cooperation in the repression of Libyans under Col. Gadhafi's almost 42-year rule. The surveillance files found there include emails written as recently as February, after the Libyan uprising had begun.


http://online.wsj.com/article/SB10001424053111904199404576538721260166388.html?mod=djemalertAsianewshttp://online.wsj.com/article/SB10001424053111904199404576538721260166388.html?mod=djemalertAsianews

Smartcompany News & Analysis: Franchisors target 12% growth in 2012, The good way to deliver bad news, Telco lobby group folds, Google analyst warns SMEs to start Xmas SEO prep

smart company logo image

Today on SmartCompany we take a look at an extensive report into the franchise sector, which reveals that while franchisors achieved their profit and sales targets last year, growth is likely to fall slightly in 2012. We also talk with a Google analyst about why SMEs need to start thinking about Christmas SEO plans and ask why a telco lobby group has been forced to shut its doors. Plus in Entrepreneur Watch, James Thomson asks why corporate Australia is (surprisingly) cashed up.

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

Top Story
The best way to deliver bad news
Delivering bad news to employees is a matter which needs to be handled delicately. BY LEON GETTLER.

Legal Update
The business case for embracing age diversity
Despite the current skills shortage, businesses are seemingly still refusing capable applicants on the basis of age. Here's why you should cast your net wider. BY CATHERINE BROOKS.

Aunty B
My employee is overly passionate – help!
You sit her down and explain that once upon a time you had a boss who sat you down one day to deliver a few key points that helped you become what you are today.
Aunty B

People problems
Eve Ash
This is a difficult message to deliver, and may be treated with cynicism at first, but over time the person will be thankful that someone has taken the time to explain the situation properly.
Eve Ash

Teams
Pollyanna Lenkic
The questions to ask are – What started the conflict? What were the behaviours on both sides? Where did it come from?
Pollyanna Lenkic

Brand
Michel Hogan
With Steve Jobs announcing he is stepping down as CEO of Apple, the question everyone seems to be asking is “what will happen now?”
Michel Hogan

Entrepreneur Watch
James Thomson
The profit reporting season suggests our corporate sector is cashed up. The question is, how should that cash be deployed?
James Thomson

Dissecting Bernanke's Speech: Investors Brief with Maria Bartiromo

Investor Brief

August 29, 2011
Dissecting Bernanke’s Speech
In This Week’s Brief
Even amidst earthquakes and hurricanes, all investors could focus on last week was Fed Chairman Ben Bernanke’s speech at the Kansas City Fed conference in Jackson Hole. At last year's meeting, Bernanke readied the market for QE2. There are a lot of mixed feelings on Wall Street about whether a QE3 would be good for the economy and markets or not, but most people agreed that Bernanke had to let people know the Fed isn't walking away from the current economic challenges.
Despite an initial drop right after his speech started at 10:00 ET Friday morning, the rest of the day’s action seems to indicate the market was at least comfortable with what it heard. Bernanke announced that the Fed’s next scheduled meeting in September will be expanded from one day to two, at which point the governors will decide whether they need to step in with additional steps to try to spark growth. He again said the Fed will do all it can to restore growth and employment. But if you were expecting him to announce, or even strongly hint at, what he and his fellow Fed Heads might do, you were disappointed.
Also notable were Bernanke’s warnings to Congress and the administration that many economic policies are outside of the Fed’s purview, that they should consider the “fragility of the current economic recovery” when formulating deficit reduction plans, and that a repeat of this summer’s debt-ceiling debacle would likely hurt the economy.
In fact, he went so far as to say that if Congress and the administration take the right steps, he believes strong employment and growth should return. He also said he’s confident the recent recession and financial crisis did not permanently damage the U.S. economy. Within a fairly short time, the markets had regained their lost ground, and it’s clear that September will be a pivotal month.
I continue to hear from many business leaders that until Washington develops a clear plan on how to move the economy forward, especially regarding trade and tax policy, there is little incentive to expand businesses. The Fed now seems to be expressing that opinion as well. It is up to Congress and the White House at this point.
Maria's signature

The Australian BusinessBriefing: China secretly tightens lending




China secretly tightens lending
China economy Tom Orlik AS central bankers gathered in the US, China was issuing a secret memo to further rein in lending in its fast-growing economy.
 
Call to regulate litigation funders
John Colvin, Anthea McIntyre, AICD Annabel Hepworth COMPANY directors warn that the explosion of funded class actions is undermining corporate productivity.
 
QR National delivers the goods
QR National delivers the goods Andrew Fraser QR National proved yesterday that it can rely on the once-in-a-century mining boom when it comes to its future profits.
 
Planners study fine print of reform
Bill Shorten Andrew Main MOST of the financial services industry yesterday gave the thumbs up to the first tranche of financial advice draft legislation.
 
Labour economist to advise Obama
Alan Krueger Jared Favole BARACK Obama has tapped Princeton University's Alan Krueger, a labour economist, to be his chief economic adviser.
 
Goodman burnt as baking arm fails
Goodman Fielder burnt s baking arm fails to rise Teresa Ooi NEW chief executive of Goodman Fielder, Chris Delaney yesterday reported an "unacceptable" $166.7 million full-year loss.
 
ACCC loss raises Foxtel hopes
James Chessell James Chessell IT is lucky ACCC chairman Rod Sims is not afraid to take more cases to court.
 
Financial Markets
Wall St rallies on spending pick up
Wall St Brendan Conway US stocks climbed sharply today, boosted by stronger consumer spending data that lifted hopes economic growth would accelerate.
 
Gold price soft under $US1800
Copper eases on China's move
 
Financial Markets Coverage
 
Mining & Energy
Gold price soft under $US1800
Gold Matt Day GOLD eased today as upbeat market sentiment boosted equities and dampened investor demand for the metal as a store of wealth.
 
Copper eases on China's move
Oil price jumps above $US87
 
More Mining & Energy
 

The Australian Capital Circle: Abbott under fire on protection

Capital Circle Newsletter
Abbott under fire on protection
 
Tony Abbott is accused of walking both sides of the political street on the future of Australian manufacturing.

Julia Gillard will visit Bluescope Steel in the Illawarra this morning to talk up her government's approach to manufacturing. She'll hold a doorstop late morning. The PM may attend a forum later today in Sydney.
Tony Abbott is campaigning in Melbourne. He'll visit a business that he says will be negatively affected by the carbon tax. On industry policy, Mr Abbott told CEDA:
"The Coalition is strongly opposed to industry policy that props up over-manning and feather-bedding or that does not count the cost of intervening and honestly face up to it. On the other hand, if a respectable case can be made for maintaining a heavy manufacturing base on the grounds of national security, the inherent value of a diversified economy or the transitional costs of shutting down capital-intensive industries only to start them up again when market conditions change, there needs to be a forum where it can be addressed."
Mr Abbott's approach to manufacturing has drawn a blistering rebuke from Trade Minister Craig Emerson, who savaged him as "a duplicitous hypocrite" for calling for a debate on steel industry protection while simultaneously declaring his faith in free markets.( The Australian) (The SMH) Paul Kelly writes that doubts over Mr Abbott's economic credentials have intensified.
Help wanted: Tony Abbott's deputy chief of staff and political adviser, David Wawn, is in the exit lounge. Wawn has a young child and is leaving for that hardy old perennial, "family reasons". He's moving to the resources sector in about a month. The exit is a blow for the Opposition leader, with no obvious successor for one of the trickiest jobs in a pol
Read more...
 
Mumble
Peter Brent
Peter Brent
 
White flight, sea change and the Labor vote
Demographic shifts in New South Wales over recent decades have seen changes in voting patterns. Last week I had
 
More Peter Brent