Meet the London trader who is making headlines for all the wrong reasons. As the Greek economy verges on collapse and European leaders move to head off another recession, Alessio Rastani told the BBC overnight:

from Crikey .....

Port Paper company collapses after Oakeshott cries foul

Crikey senior journalist Andrew Crook writes:

Looking for a bookshop that was no longer there, I walked instead into a labyrinth designed as a trap. Leaving became an illusion, rather like Alice once she had stepped through the looking glass. Walls of glass curved into concentric circles as one "store" merged into another: Armani Exchange with Dinki Di Pies. Exits led to gauntlets of more "offers" and "exciting options." Seeking a guide, I bought a lousy pair of sunglasses: anything to get out. It was a vision of hell. It was a Westfield mega mall.

from Crikey .....

Wayne "World's Greatest Treasurer" Swan was humble and unusually charitable on The 7PM Project last night when he quipped he'd be happy to lend his shiny new award to Peter Costello "for a little while".

Which is more than you can say for Joe Hockey ...

Check out the company Swan keeps among the winners, Joe retorted: "Slovakian ministers, a Serbian, a Nigerian and a Bulgarian. In 2001 there was a Pakistani finance minister. That is quite an extraordinary one, that one."

One should remember.

The donation of £1m to a charity of the Dowler family's choice and compensation of a reported £2m for the family's distress is being linked by MPs to News Corp's fight to hold on the BSkyB broadcasting goldmine.

Simon Hughes, the Lib Dem deputy leader, has written to the broadcasting regulator Ofcom calling on it to intervene over the question of whether James Murdoch, the BSkyB chairman, is fit to hold the licence.

From Lyndon Schneiders at Unleashed

How many hundreds of millions, if not billions of dollars is Tony Abbott prepared to pour down the bottomless pit labelled northern development to keep Barnaby Joyce and Bill Heffernan happy?

...

But Heffernan won't believe it because he was removed as chair of the Land and Water Taskforce when Labor swept to power in 2007 and had the audacity to replace the politician-stacked taskforce with a body with broad scientific, pastoral and agricultural expertise.

Israeli Prime Minister Benjamin Netanyahu has offered to hold direct talks with Palestinian leader Mahmoud Abbas at the UN General Assembly.

Mr Abbas earlier said he was willing to meet Mr Netanyahu but was determined to push ahead with a bid for UN recognition of a Palestinian state.

The US and Israel oppose the bid and there has been intense diplomacy to avert a crisis over the move.

Peace talks between the Palestinians and Israel broke down a year ago

http://www.bbc.co.uk/news/world-middle-east-14981633

To get to the federal government's position on the asylum seeker question takes time. This sort of political and policy mess is built on much talking, manoeuvring and internal confusion, and its gestation period is long.

The confusion about values and direction was on display very early in Julia Gillard's time as Prime Minister. On the day she assumed the Labor leadership in June last year, Gillard expressed solidarity with Australians who favoured a hard line. ''I am full of understanding of the perspective of the Australian people that they want strong management of our borders, and I will provide it,'' she said.