KBB Morning Snapshot

March 26, 2012, 9:52 am Kochie's Business Builders Yahoo!7

KBB Morning Snapshot

Queensland Labor Crushed

After almost 20 years in power, Labor has been sent packing in the weekend’s state election. The Anna Bligh-led Labor government has been reduced from 51 seats to as few as seven in the 89 seat Queensland legislature.

The result forced the polarising Bligh to quit parliament yesterday to allow a future leader to be parachuted into her seat.

As ever, Tony 'Speedos' Abbott was quick to sink the boot in at the first sniff of blood. “I think the Labor brand has become toxic and the only way for the Labor Party to recover is to have a good long hard look at itself… to regain a bit of integrity,” Abbott said.

Abbott had previously claimed the Queensland election would effectively be a referendum on the carbon tax despite it barely rating a mention in the state campaign. While that’s a long bow to draw, the election result does have serious implications for the Gillard government’s election chances.

Qantas Spreads Its Wings

After a tumultuous year, Qantas has finally announced its new budget airline expansion this morning with the establishment of Jetstar Hong Kong.

Jetstar Hong Kong will cover short haul routes throughout China, Japan, South Korea and southeast Asia, beginning next year.

"Jetstar Hong Kong's fares will be 50 per cent less than existing full-service carriers, which we've seen create new travel demand in our markets across Asia because it enables people to take more trips, more often," Jetstar Chief Executive Bruce Buchanan said in a statement this morning.

It’s a move sure to please shareholders and travelers alike as the airline struggles with tight margins on its domestic services as well as recovering from service disruptions caused by union action last year.

Awkward Anthem

The Kazakhstani shooting team has demanded an apology from Kuwait after a spoof national anthem from the film Borat was played at a medal presentation ceremony.

Kazakhstan’s Maria Dmitrienke took out gold at the shooting championships but had her win soured as she was forced to listen to British comic Sacha Baron Cohen’s rip-off national anthem at the podium.

The 2006 smash hit Borat: Cultural Learnings of America for Make Benefit Glorious Nation of Kazakhstan portrayed the country as a hotbed of incest and backward quasi-medieval racists who drank horse urine.

Embarrassed organisers were quick to re-stage the ceremony with the correct national anthem and said that they would investigate to avoid making a similar error in the future.

To stay up to speed with all KBB special offers and news, make sure you're getting our spectacular weekly newsletter, from right here!

More from Kochie's Business Builders:
What Does The Mining Tax Mean For Small Business?
Who Is The World's Most Admired Company?
4 Lessons On Email Security From Syrian President
How Not To Advertise Your Brand - Lessons From Reebok
So What's The Deal With R&D Tax Credits?