Opinion: To the Point - ABC spells also be careful

Northern Rock is not the only fall-out from the economic crisis in the US over bad lending debts. Childcare is affected too. ABC nurseries, which bought up several American childcare chains, and also has substantial holdings in the UK, is in trouble. Its US nursery purchases have turned out to be a business failure as the recession bites, and women have lost their jobs or can no longer afford to pay for childcare. ABC was badly over-extended, and had too many debts. If ABC goes belly-up, the Australian government faces the...