Australian Labor Party Facing Heartland Fight

July 5 (Bloomberg) -- Bloomberg's Paul Allen reports on the challenges facing reinstalled Labor leader Kevin Rudd in the party’s heartland, a mass of suburbs where about 10 percent of Australians live and which produced prime ministers Gough Whitlam and Paul Keating. While it has held five of the area’s 10 federal districts for at least 29 years, polls before the June 26 ouster of unpopular Gillard showed Labor’s eight seats faced a swing to the opposition. (Source: Bloomberg)

Are Negative Rates a Tax on the Banking System?
29:34 - Geoffrey Yu, strategist at UBS Wealth Management, discusses the impact of monetary policy on banks and possible future actions from central banks. He speaks with Jonathan Ferro and Guy Johnson on Bloomberg Television’s “On The Move.” (Source: Bloomberg)
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