Billionaire Frank Lowy was done like a dinner in the shark-infested waters of international football, led by Sepp Blatter (right).
Despite Australia squandering $43 million on a failed bid for the 2022 FIFA World Cup, the Lowy football dynasty lives on.
The great Australian success story of Frank Lowy and many others like him would not have happened had Australia not accepted penniless refugees.
The problem with auctioning immigration places is that it puts the focus on short-term revenue-raising, rather than immigration’s more important medium- to long-term nation-building role.
Westfield Retail Trust’s chairman Richard Warburton deferred a vote on controversial plans to spin off the group.
Reports of the Westfield Group’s attempts to push through a A$15 billion restructure - complete with a boisterous showdown last Thursday - have mostly concentrated around the effect of the deal on its…