Latest blog postHigh cost, low productivity nation
February 17th 2012So screams the business council. Every time people see this they immediately put on a manufacturing hat, or definitively constrict the issue to lower paid workers in more methodical jobs. However, over a decade ago I remember visiting the United Kingdom and part of that was a visit to the SS Great Britain, a famous and historic passenger ship recovered from the Falkland’s and well on its restoration path. Whilst there I noted that they were running a fund raiser seeking to raise someth[...]
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Welcome to 2012! Certain to be an interesting year…already!
We march into 2012 with possibly more already said about this year than any other year in recent history in fact there is a dedicated website to the predictions of 2012! For those interested in watching things unfold feel free to go to [ More ]
A decision was made by the Administrative Appeals Tribunal of Australia (“AAT”) on 28 September 2011 in regard to the rate of currency conversion to be used in income assessments when a bankrupt derives foreign income: Sheikholeslami v Inspector-General in Bankruptcy [2011] AATA 670.
Ms Sheikholeslami worked as a Professor in the United Kingdom during her first year of bankruptcy and was paid in Pounds Sterling. For the purp [ More ]
Rumours circulated in the United States of the possible Bankruptcy of the Eastman Kodak Company (“Kodak”), the iconic photographic equipment manufacturer. The Wall Street Journal reported that Kodak engaged restructuring solicitors and advisors in addition to preparing briefs for submission to the Federal Bankruptcy Court. On 20 January 2012 Kodak sought protection under Chapter 11 of the United States Bankruptcy code in the hopes of restr [ More ]
The Economic crisis is no surprise. It was anticipated once the “Housing Bubble” burst during 2001 in the US. However, the underlying question is, “Can the Financial Crisis be a Positive thing?”
From a scientific perspective, it will be almost impossible to suggest that the economic crisis will cause a healthy environment as it takes on such a pessimistic view. But by looking at the curre [ More ]
Leadership is one of those golden chestnuts that simply seem to continually raise its head. My earliest exposure to genuine business leadership was in my early audit days where I had the opportunity to meet many General Managers (GM’s) and Managing Directors (MD’s), as they were in those days, in a wide variety of industries and from a very wide professional background. What was particularly good was the amount of time a number of thes [ More ]
The NSW State Government announced on 6 September 2011 that as of 1 January 2012 stamp duty concessions will only be available to First Home Buyers purchasing a brand new home or vacant land intended to be used as a site for a first home. So purchasers of established properties will no longer receive a stamp duty concession as of 1st January 2012. The action of the Government is viewed as an attempt to stimulate the new home market and there [ More ]