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).
The Volcker rule that restricts major US banks from engaging in proprietary trading is about to come into effect. That should help shift money from bankers' bonuses and put it back in the hands of American small business.
In this week's essential reading guide, Kohler braces for the NBN's D-day, Gottliebsen analyses General Motors' Australian exit, Bartholomeusz surveys the NBN wreckage and Burgess senses Abbott's political nightmare.
The US economy is set for 1.5-2 per cent growth in 2013, with housing contributing up to 1 per cent. As global policymakers try to bridge economic and political challenges with on-again, off-again fiscal policies, the question is whether other countries will make as much progress as the US.