MidAmerican Energy Holdings, a subsidiary of Mr Buffett’s Berkshire Hathaway investment company, has struck a deal with SunPower to acquire and build two projects in California’s Antelope Valley.

Up to this point, Turnbull had been holding his own in the discussion by showing that he understood the technical differences between his proposal and the government’s NBN and he was doing a good job of explaining his views. But, when faced with a refutation of his comment about the NBN’s ‘cost effectiveness’, he chose not to engage as an adult, and instead pulled out a ‘glib one liner’ — and one which left the Twitter audience none the wiser about what he really thought about the cost effectiveness of the NBN.

Media figure and businessman John Singleton will form an alliance with mining magnate Gina Rinehart at Fairfax, after buying a small stake in the company.

from Daniel Meyerowitz-Katz

The powerful US gun rights lobby went on the offensive today arguing that schools should have armed guards, on a day that Americans remembered the victims of the Newtown, Connecticut school massacre with a moment of silence.

Economists are relieved the Federal Government is abandoning its push for a surplus, labelling it a sensible, pragmatic and realistic decision.

For months, they have been concerned the Government's penny-pinching to keep the surplus dream alive had the potential to slow growth and jobs.