Lost at sea

Article Abstract:

The public pronouncements of the Australian Reserve Bank chief, Ian MacFarlane about the interest rates leaves many analysts confused about the exact nature of his announcement in relation to the direction in which he wanted to steer the economy. Financial analysts feel that the Reserve Bank wants to go back to the original neutral zone, but it is generally acknowledged that the concept of a permanent natural or neutral interest rate is only academic in nature and not practical.

Commercial Banks, Interest Rates, Banking industry, Powers and duties, Australia. Reserve Bank of Australia

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Campaign notebook: Upper house party

Article Abstract:

The Australian strategies for electing the Senate and the power possessed by it are discussed. The Australians believe that compulsory voting insures democracy and the government should put the issue of compulsory voting on the table for consideration.

Elections, Local elections, Voting, Compulsory, Compulsory voting

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A sheep in dog's clothing

Article Abstract:

The Australian Prudential Regulation Authority was supposed to be responsible for regulating insurance company HIH, but it failed to spot the group's looming financial problems. When HIH collapsed in March 2001 it had a deficiency of $5.3 bil.

Financial management, Finance, Property and casualty insurance industry, Company financing, HIH Insurance Ltd.

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