Your morning Briefing
Good morning readers. Here’s our top picks of the stories making headlines this morning.
Hello readers. Here’s your digest of the stories that are making news today.
Ex-Treasury boffin lays into Reserve Bank on rates
Former Treasury secretary Ken Henry has issued an extraordinary attack on the Reserve Bank’s framework for setting interest rates, as the nation’s top bankers said a deluge of new regulations and the prospect of a royal commission were throttling their ability to remain internationally competitive. At an exclusive summit convened by The Australian in Sydney yesterday, Commonwealth Bank chief executive Ian Narev, the chairmen of National Australia Bank and Westpac, and Australian Bankers Association chief Anna Bligh said mounting regulation — which now makes up more than 70 per cent of the NAB board’s agenda — was endangering the stability of Australia’s banking system.
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Poll-bound Palaszczuk beats up on the rich
Queensland Premier Annastacia Palaszczuk has launched an assault on the wealthy just two days before voters go to the polls, revealing plans for four new “top end of town” taxes that will reap almost $500 million over three years. The shock taxes were announced as a new Galaxy poll found Ms Palaszczuk was on the verge of clinging to power, with Labor leading the Liberal National Party 52 per cent to 48 per cent on a two-party-preferred basis. Keep up with all the latest from the countdown to the state election in our live blog, Campaign Trail.
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Rudd repackages his greatest hits
Political anniversaries are a peculiar beast, writes Kevin Rudd. A decade on since the election of my government, none of us can lay claim to perfect objectivity in reflecting on what we got right and wrong. Least of all me. But here’s my top 10 of what I think we got right in our period in office.
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I am Lyon, hear me roar
Nathan Lyon had his say, after all, writes Mike Atherton. For a long time during the opening day of the Ashes series, it looked like James Vince was intent on ramming Lyon’s pre-match words back down his throat. Finishing careers? Vince was intent on creating one. He made 83. For all the world, he looked like he’d make at least 17 more. Given the limitations of his previous form, it would have been a remarkable first Test hundred.
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Kudelka’s view