We were just 12 and I remember everyone telling William he played the game of his life. But his dad bent down and said, "Don't believe anything they say." William didn't play much after that.

Malcolm Turnbull is facing not just the expected sniping from the sidelines but growing discontent from the political middle as tax reform and renewable energy policy go nowhere, writes Ian Verrender.

There were winners and losers on the Federal Government frontbench this week. Fran Kelly and Patricia Karvelas, hosts of the Party Room, go through their selections.

When politicians push Reserve Bank governor Philip Lowe on why he doesn't cut interest rates further if the economy needs it, he can rightly tell them, "because of you", writes Carrington Clarke.

If your strategy is based on "down, down, down" like Coles, or "cheap, cheap, cheap" as in Woolworths, it becomes a race to the bottom.