Founder of STM Bags, Adina Jaco - RMIT economist Jonathan Boymal - Talking Business 2012 - Ep22

Summary: Interview with Adina Jacobs, founder of STM Bags. Interview with RMIT economist Jonathan Boymal. Leon and Garry talk about issues including: The EU summit, Greece’s tribulations, Spain and Cyprus asking for bailouts, Moody’s downgrading 28 Spanish banks and the Bank for International Settlements backing a pan-European banking system Australia’s banks now the most profitable in the world but ANZ’s standing with the public has gone down News Corporation splitting into two companies. The split will separate the company's publishing assets from its entertainment businesses. News Limited declaring 100 redundancies Structural changes at Fairfax Media continue, with three senior editors at two of the group's key mastheads are stepping down. Editor-in-chief of The Age, Paul Ramadge, stands down from the role and leaves the company. The Sydney Morning Herald editor Amanda Wilson is also stepping down, along with editor-in-chief at the newspaper Peter Fray. New editors are appointed and there are big changes in the news gathering process Mining magnate Gina Rinehart says her company Hancock Prospecting may sell its interest in Fairfax Media Ltd if "suitable conditions" aren't offered to it. Kerry Stokes' Seven Group Holdings (SGH) has sought regulatory clearance for a takeover bid of Consolidated Media Holdings Major Ten Network Holdings Ltd shareholders Gina Rinehart and Lachlan Murdoch have lifted their stake in the media company Seven West Media Ltd chief executive officer David Leckie has stepped down from the role after nine years, and will move across to the board of Seven Group Holdings Ltd. Current director and former Woodside Petroleum Ltd boss Don Voelte has been named as the new chief executive officer and managing director of the group. The number of online orders to Australian businesses increased by almost a third during the 2010-11 financial year, according to the Australian Bureau of Statistics Australian medium-sized businesses recovered slightly in the first few months of 2012 and have begun to shift their focus back to growth, according to a report by GE Capital In a development that further stokes concerns about the impact the soon-to-launch carbon tax will have on power generators, a second coal-fired electricity generator has been forced to tap its offshore shareholders for a multi-billion dollar bailout to stay afloat Butchers, bakers and meal makers are now receiving from the Coalition leaflets apologising to customers for price increases after July 1 attributed to penalties on carbon emissions but the ACCC is warning them that they could inadvertently find themselves misleading customers, a breach that carries fines of up to $6600 Analysis by Deloitte finds that Australia’s natural gas boom might set off a new round of interest rate hikes, pushing economic growth above the level with which the Reserve Bank is comfortable A study by BIS Shrapnel has found that property market conditions are likely to improve in New South Wales and the resource-rich states of Western Australia, Queensland and Northern Territory. But Victoria, SA, Tasmania and the ACT will lag behind Building products maker Boral has cut its full year profit forecast.