McGowan proposes local government move

Sunday, February 12th, 2012

Labor Leader Mark McGowan has unveiled a plan to relocate the Department of Local Government, and its 103-strong staff, to Albany if Labor wins the next state election. Mr McGowan said the move was a major commitment to “devolution and decentralisation”. “It will be the first major move toward decentralisation ...

ECB holds rates, facing grilling on Greece

Thursday, February 9th, 2012

- The European Central Bank left interest rates unchanged on Thursday and financial markets' attention will now shift to whether the bank is ready to help Greece avoid a messy default. The ECB left its main interest rate on hold at 1.0 percent, adopting a 'wait-and-see' mode after ...

Remembering Steve Jobs, Apple Founder and Tech Innovator

Monday, January 30th, 2012

Steve Jobs, whose death was announced Wednesday night, Oct. 5, 2011, wasn't a computer scientist. He had no training as a hardware engineer or industrial designer. The businesses Apple entered under his leadership from personal computers to MP3 players to smart phones all existed before the company got ...

S&P, Greece pressure euro zone to boost defenses

Wednesday, January 18th, 2012

- Mass euro zone ratings downgrades are unlikely to shake up investors too much, but with Greek debt talks at an impasse, pressure has been loaded on the bloc to shore up its defenses and glimmers of optimism from last week have been firmly doused. With the United ...

Saving E.U. Banks: Can the Dexia Bailout Stop the Fear?

Thursday, January 5th, 2012

It felt like déjà vu on Monday morning as France, Belgium and Luxembourg announced plans to rescue the embattled bank Dexia. Just as Dexia was set to become the first European bank to fall victim to the euro-zone debt crisis, the Belgian government stepped in to buy its retail operations ...