Red News Readers,
From Crikey today, 30.6.08.
Not a good time to sell electricity assets:
"Gloom in June. Unless there is a powerful recovery tonight, Wall Street is about to record its
worst June since 1930. The Dow Jones Average closed on May 31 at 12,638.2 and last Friday at 11346.5, a fall of just over 10 per cent. This is not the Great Crash all over again, although we may be seeing the Great Housing and Credit Crash. But gloom has returned to the markets and the brief optimism of March and April has evaporated. The March lows are likely to be breached, if not today then in early July. A bounce will follow, as it usually does, but the great risk now overhanging the market is of more credit write-offs and defaults. -- Alan Kohler, Business Spectator"
Jenny Haines
About Me
- JENNY'S RED NEWS
- Dear Fellow Bloggers, For some time I have thought about starting a left of centre news and commentary service and I have tried to do this by using email. But as some good, but email overloaded friends have suggested, a better way to go may be by blogging. So here it is! Jenny's Red News. My primary interests are left of centre politics and the very important question of how can we get left of centre parties, groups and grouplets in Australia working together more co-operatively. The right of centre predominates politics in this country at the present time, and they are on the march. We on the left of centre need to work together more co-operatively and constructively to put the left of centre agenda out there, for the perusal and consumption of the Australian people. Particular topics that will be reported on and on which comments are welcome are: Industrial relations - Opposition to Workchoices Refugee and Asylum Seekers Human Rights Civil Liberties Opposition to the Welfare to Work Changes Health System Reform Aboriginal Health and Reconciliation Jenny Haines posted by JENNY'S RED NEWS at 12:50 AM 0 comments