One of the Note’s favourite people, John Webb, appears to have lost track of what his business is doing.
Mr Webb’s business, Australian Industry Exhibitions, advertised on a recruitment website for staff to work on a range of mining and industry sector magazines, which would be back to the future for the West Perth businessman.
But, he claimed to know nothing about it before hanging up on us. Then again, Mr Webb and his colleague John Millar have had their battles with the truth.
They were recently busted for contravening the Trade Practices Act for misleading or deceptive conduct (above).
Among their misdemeanors were the publication of supportive letters from then-Premier Geoff Gallop and then-Prime Minister John Howard in their promo material.
Those letters appear to have been made up. Oh dear.
Right is wrong
THERE generally aren’t too many lighter notes (boom, boom) when discussing the GFC, but business commentator Alan Kohler managed a cackle or three when talking about the health of US banks.
“There is nothing right on the left-hand side of their balance sheets, and nothing left on the right-hand side of their balance sheets.”
On a more serious note, the ever didactic Mr Kohler went on to talk about the paradox of thrift, a term coined by economist John Maynard Keynes. “If some save it’s good. But if we all save it’s bad,” Mr Kohler quipped.
