The ability to exert influence in public life is not easy, whether someone is in a prominent position or not.
Michael Pascoe is a BusinessDay contributing editor. He comments on companies, markets and the economy.
Michael Pascoe It's not every day the RBA governor takes a swing at the US Federal Reserve. Glenn Stevens did this morning.
Michael Pascoe While the financial world is focussed on the Fed's interest rate decision, local politicians might be more interested in what our Reserve Bank says or doesn't say on Canning Eve.
Michael Pascoe The worry is that Malcolm Turnbull's first policy direction flies in the face of the business confidence he rightly targets as needing to be restored.
Liberal leadership: Vale Joe Hockey, cue business confidence bounce as Malcolm Turnbull takes on Tony Abbott
Michael Pascoe Someone has to carry the can for the opinion polls if Abbott won't.
Michael Pascoe Online retail and parallel importers are taking a hit as the weaker Aussie has us shopping local, throwing a lifeline to embattled retailers.
Michael Pascoe Whatever happened to Joe Hockey's G20 commitments?
Michael Pascoe A business week ahead with important data for Joe Hockey to feel nervous about. Michael Pascoe comments.
Michael Pascoe Low level of rates is providing as much stimulus as the RBA wants, especially while the Australian dollar is still weakening.
Michael Pascoe After this week's weak economic data, it's no time to panic on monetary policy – just time to adjust to this, the new normal.
Michael Pascoe It's like the small business tax stimulus didn't happen. Maybe that weaker Australian dollar will ride to the Treasurer's rescue in three months' time.
Michael Pascoe Whichever story you want to tell about the economy, you can generally find a number to suit.
Michael Pascoe You can't keep downsizing your way to executive bonuses indefinitely
Michael Pascoe While building approvals have come down in the last few months, the RBA and US Fed are pondering interest rate moves. Michael Pascoe comments.
Michael Pascoe If you've had a rough week courtesy of market volatility, just consider how much worse it could have been.
Michael Pascoe Hockey came, underwhelmed, and left – which was probably a good idea because when a conservative Treasurer loses the accountants, well…
Michael Pascoe Too bad it's politicians we rely on to drive economic reform.
Michael Pascoe Perma-bears tend to miss the upsides.
Michael Pascoe The stock market is looking more attractive now that it is down from its peak this year. Michael Pascoe comments.
Michael Pascoe ASIC is in danger of veering into nanny-state territory in its efforts to protect reckless borrowing.
Michael Pascoe The minutes of this month's Reserve Bank board meeting answer a couple of important questions about the Australian economy.