Alan Kohler is one of Australia’s most experienced commentators and journalists. Alan is the founder of Eureka Report, Australia’s most successful investment newsletter, and Business Spectator, a 24-hour free business news and commentary website. He also hosts Inside Business, a half-hour Sunday programme on the ABC, is the finance presenter on the ABC News - and producer of the nightly graph (or two).
Reports by the Parliamentary Budget Office and Treasury confirmed Labor has blown out a structural budget deficit that began under John Howard's government, and the next government has quite a job on its hands.
This week China has outlined details of its first carbon trading scheme while its National Development and Reform Commission has recommended an absolute cap on emissions. The moves represent major signs of progress.