Michael Pascoe

Michael Pascoe

Michael Pascoe is a BusinessDay contributing editor. He comments on companies, markets and the economy.

Michael Pascoe

Whingers galore but the good times roll

Michael Pascoe For many, things may not be as good as they were. But for those with any sense of perspective, the state of the economy is still pretty damn good.

Michael Pascoe

New coal boom a marginal proposition


Michael Pascoe Investing several billion dollars to dig a massive hole a long way from the coast in the Galilee Basin is a risky business under current circumstances.

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Michael Pascoe

Why our banks can't afford faster growth


Michael Pascoe Instead of wanting to borrow, we're stuffing increasing amounts of money under the banks' mattresses - and that's keeping bankers awake at nights.

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The week that was with Michael Pascoe

The week that was with Michael Pascoe (Thumbnail)Click to play video

Michael Pascoe The end of another week of media mayhem, yet another European summit and some welcome perspective on a couple of our big ticket economic issues.

Michael Pascoe

What to learn from Sony's greatest mistake


Michael Pascoe Why Sony didn’t invent the iPod is one of the great lessons in corporate failure. And it’s a key reason behind the necessity of the Fairfax restructuring announced this week.

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Michael Pascoe

The real online media challenge: advertising


Michael Pascoe Another day another mystery: Never mind the whole media paywall challenge for a moment, why do advertisers pay 400 per cent more to display their wares in print than they do online?

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Michael Pascoe

How a statistical misreading can unleash the China bears


Michael Pascoe With global markets in a state of anxiety, it doesn't take much to spook them into costly falls.

Michael Pascoe

World markets lose billions over misread statistic

Bull, Bear, Stocks and Shares

Michael Pascoe With global markets in a state of high anxiety, it doesn’t take much to spook them into costly falls.

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Michael Pascoe

Murdoch still dancing in the online dark

Telstra and the ABC have been hailed as shining examples of companies who have adapted to online culture.

Michael Pascoe News Ltd buying Business Specator and the Eureka Report is an indication of how the Murdoch empire is still struggling with online, like all the other publishers.

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Michael Pascoe

China's biggest export market growing nicely


Michael Pascoe Europe isn't the game breaker or maker for the Chinese economy that it's often made out to be by the China bear industry.

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Michael Pascoe

Throwing money at housing is no cure for fear


Michael Pascoe Yet another contradiction to ponder about our economy: of the two biggest purchases most Australians make, one is going gangbusters while the other is flat and getting flatter. Go figure.

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Michael Pascoe

Qantas: who ran down the roo?


Michael Pascoe Before we’re overwhelmed by the drama of Qantas’s potential dismemberment, it’s fair to ask: who ran the roo down and set it up for the chop?

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RBA cracks down on credit card charges


Michael Pascoe The Reserve Bank has officially put an end to the credit and debit card surcharge rort.

Michael Pascoe

Economic summit should silence the parrots

Michael Pascoe In a calendar full of pressure-cooker moments, tomorrow looks like being another hard day at the office for Prime Minister Julia Gillard.

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Michael Pascoe

Shock! Canberra delivers genuine tax reform

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Michael Pascoe It's been a busy week for headlines, so it's been easy to miss the genuinely good news out of Canberra - real taxation reform. But it's come from an unlikely source.

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Michael Pascoe

RBA retaliates first but doesn’t mention the war

Basil Fawlty.

Michael Pascoe No, the Reserve Bank wasn't owning up to any past mistakes: it did what it has room to do in the face of uncertainty.

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Michael Pascoe

Don't cut rates - we're happier whingeing

Interest rates

Michael Pascoe The national talent for highlighting the silver cloud's dark lining is on display in the fevered calls for the Reserve Bank to cut its cash rate by 50 points tomorrow.

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Michael Pascoe

Retail roller-coaster rocks on

Retail figures are in 'dangerous territory'.

Michael Pascoe The usual vested interests will no doubt seize on today's retail data as proof of the need for a rate cut, but the RBA tends to take a broader view.

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Michael Pascoe

Howes crying wolf on foreign workers

Paul Howes, National Secretary of the AWU

Michael Pascoe Gina Rinehart’s foreign worker deal is only a surprise for those who weren’t paying attention, and the feigned outrage overshadows the much bigger story of skills shortages - in many industries.

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Michael Pascoe

Which Brookes is CEO of Myer – Bernie or Mel?

Bernie Brookes

Michael Pascoe Given the routine on offer from Myer about foreign investment, you could be forgiven for thinking it was the comedian Mel instead of the retailer Bernie.