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Sun 19 Oct, 2014

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Cormann rebuffs criticism for calling Shorten 'economic girlie-man'

Finance Minister Mathias Cormann has defended himself for calling Opposition Leader Bill Shorten an "economic girlie-man", after receiving widespread criticism for the sexist nature of the comment.

"The problem that the Labor Party has today is that Bill Shorten is an economic girlie man," he said in an interview with Sky News on Saturday.

Today Mr Cormann said the phrase was "not in any way intended as a reflection on girls, it is entirely intended as a reflection on Bill Shorten."

Labor senator Penny Wong told Sky News the phrase sends a worrying message to younger Australians.

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The Drum

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Is the cost of our symbolism worth it?

Australia faces the same question over Islamic State as it does with climate change: is our symbolic contribution to the global effort worth the cost?

Whether Islamic State is degraded, destroyed or continues to expand the territory under its control will not be significantly influenced by Australia's current contribution.

So, if we want to be pragmatic, like in regards to climate change, we need to ask whether this symbolic gesture is worth it.

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Just In

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WA Treasurer defends NZ-based Synergy board member

WA Treasurer Mike Nahan is forced to defend the appointment of a Synergy board member following revelations he lives in New Zealand.

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World

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Rare northern white Rhino dies in Kenya

A rare northern white rhino has died in Kenya, leaving just six of the animals alive and bringing the famed African species one step closer to extinction.

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Business

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Shareholder activists target long-serving and over-committed directors

Big proxy advisory firms are campaigning to ensure the majority of directors in a boardroom should be truly independent, leading to significant implications for corporate Australia and the structure of its boardrooms.

So when does an independent director cease to be independent and how many directorships are too many?

Regulators ASX and ASIC do not have definitive rulings but the trend will particularly target businesses where families or founders have large share holdings in the business.

Shareholder activist Stephen Mayne says big companies will increasingly get strong protest votes against entrenched directors.

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Politics

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Cormann rebuffs criticism for calling Shorten 'economic girlie-man'

Finance Minister Mathias Cormann has defended himself for calling Opposition Leader Bill Shorten an "economic girlie-man", after receiving widespread criticism for the sexist nature of the comment.

"The problem that the Labor Party has today is that Bill Shorten is an economic girlie man," he said in an interview with Sky News on Saturday.

Today Mr Cormann said the phrase was "not in any way intended as a reflection on girls, it is entirely intended as a reflection on Bill Shorten."

Labor senator Penny Wong told Sky News the phrase sends a worrying message to younger Australians.

More »

Sport

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Hooper insists McKenzie did not lose Wallabies' respect

Michael Hooper insists Ewen McKenzie did not lose the playing group's respect ahead of the Wallabies coach's resignation.

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Science and Technology

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US Air Force space plane returns from secret mission

A top secret US military space plane has landed in California after almost two years in orbit above Earth.

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Environment

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Record-breaking students drive solar innovation

Fed up with soaring petrol prices and mounting fuel bills?

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