Deloitte Access Economics, Lynne Pezzullo - Founder of Shifty Jell, Russell Ivanovic - Talking Business 2012 - Ep09

Summary: Interview with economist Lynne Pezzullo from Deloitte Access Economics Interview with Russell Ivanovic, founder of Shifty Jell, one of Australia’s leading iPhone, iPad and Android app development companies. Leon and Garry talk about issue including - As the federal government puts its fifth budget together, a new survey shows many voters believe the economy is heading in the wrong direction. The weekly online Essential Research poll found 41 per cent of respondents believed the economy was going the wrong way, a significant deterioration from the 29 per cent who said this after the 2011 budget was handed down. - Latest research from the Melbourne Institute suggests the economy will look like it's chugging along at a reasonable clip by the end of the March quarter. The institute is predicting annual growth at around the economy's annual trend rate, which is usually seen at 3.25 per cent. - Latest research from the Melbourne Institute suggests the economy will look like it's chugging along at a reasonable clip by the end of the March quarter. The institute is predicting annual growth at around the economy's annual trend rate, which is usually seen at 3.25 per cent. - The decision by Australia's major banks to lift mortgage rates when the Reserve Bank left official rates steady has come back to haunt them, with customer satisfaction levels falling last month. - Analysis by three investment banks has suggested that Australia's largest miners will pay much less than expected through the mining tax set to be introduced July 1, further casting doubt on the federal government's forecast of $10.6 billion in revenues over the tax's first three years. - The federal government-owned NBN Co internally endorsed controversial Chinese equipment maker Huawei Technologies as a major supplier to the $36 billion national broadband network, but was blocked by the Gillard government on the advice of intelligence agency ASIO. - Billions of dollars in tax breaks for research and development by big business may be cut under an option being considered by a high-powered panel looking to plug holes in the business tax system. - Jobs could be shed by Holden despite the federal and state governments contributing $275 million to keep the carmaker operating in Australia for another decade. - A Senate Committee report has described a Qantas lockout and grounding last year as disastrous for Australia. The Senate Committee says that federal authorities should have the final say on the grounding of any airline and the Senate Committee has recommended the Federal Government change current regulations. - Qantas Airways Ltd will set up a budget airline in China under a new agreement reached with China Eastern Airlines. Jetstar Hong Kong will begin flights in 2013, flying short-haul routes in China and to Japan, South Korea and southeast Asia. - Bank of Queensland (BOQ) expects to post a $91 million first half loss because of a large increase in impairments on loans. - Australians will soon be able to receive their letters online with Australia Post's new digital mailbox.