Executive chairman and co-founder of The Ambition Group, Nick Waterworth- RMIT economist Sinclair Davidson - Talking Business 2012 - Ep26

Summary: Interview with Nick Waterworth, executive chairman and co-founder of recruitment company, the Ambition Group Interview with RMIT economist Sinclair Davidson. Leon and Garry discuss issues including: Madrid raising 2.98 billion euros (HK$28.09 billion) from the latest bond sale with financial pressure on Spain increasing to the level where it will need a bailout, the IMF backing Greece while ratings agency Moody’s lowers its assessment of the German economy, Britain continuing to be in the grip of the longest recession since the war and the World Trade Organization's Dispute Settlement Body setting up a panel to scrutinize China's measures to hold down its rare earth exports. News Corporation chief Rupert Murdoch stepping down as a director from a string of boards overseeing The Sun, The Times and Sunday Times newspapers in Britain, leading to fevered speculation that Mr Murdoch could be positioning to sell his newspaper group. REA Group Ltd signing a marketing alliance deal with News Corporation Ltd, which will see the media group's suite of newspapers and the realestate.com.au website share some content while Australian entrepreneur Dick Smith blasts the head of News Limited, accusing the organisation of biased and intimidating reporting. Opposition leader Tony Abbott using a scheduled speech in Beijing to commit a Coalition government to a tougher policy on Chinese state-owned companies seeking to take control of existing businesses in Australia. Deloitte Access Economics warning that the mining boom will ened in two years, BIS Shrapnel warning that residential construction and non-mining investment will overtake the resources sector within five years, forcing thousands of mining employees out into the cold, a new business survey by the Victorian Employers Chamber of Commerce and the Commonwealth Bank showing that conditions have slid to their worst levels since 2009 but RBA governor Glenn Stevens declaring that Australia is still the lucky country. Macquarie Group posting flat growth in assets under management over the first quarter to $323 billion. Coles workers voting to endorse a new enterprise bargaining agreement, paving a way for an end to their dispute but unions are taking legal action over plans to cut hundreds of jobs at Australia's largest rail freight company, QR National while construction workers walk off the job at Lend Lease building sites around the country as part of a pay dispute. National Australia Bank confirming it will raise interest rates on short-term loans to large- and medium-sized businesses by the end of the month. Producer prices rising in the June quarter, beating expectations, according to data from the Australian Bureau of Statistics. CommSec research showing that Western Australia remains by far the nation's strongest state on most economic valuations, Ten Network Holdings announcing the sale of its EYE Corp outdoor advertising business to Champ Private Equity for up to $145 million US private equity firm TPG considering a bid for debt-laden Australian media company Nine Entertainment at a time when the Nine Network is facing the prospect of steep losses from broadcasting the London Olympics because of weak advertising.