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Alltraders CEO Ben HornerAustralian software developer Alltraders has appointed Ben Horner as its inaugural Chief Executive Officer while fellow executive director Michael O’Loughlin has become Chief Information Officer.

Mr. Horner and Mr. O’Loughlin, who launched their company as a part-time operation after buying a web-hosting business online in 2006, now employ 20 people in the $1.5 million-a-year enterprise.

Alltraders has averaged 500 per cent growth a year since it was set up five years ago. The Adelaide-based business designs and delivers online business applications as well as developing and hosting easy-to-manage Joomla! websites.

As Alltraders enters its sixth year of operation, Mr. Horner has accepted the role of CEO while Mr. O’Loughlin has become CIO. As well as implementing this corporate management structure, Alltraders has merged its software engineering and web-hosting divisions to better meet demand for software applications in the Cloud. The Cloud refers to online-hosted applications that are accessible from any Internet-connected device and often purchased as a service.

Jeremy Ervine and David CampbellDavid Campbell and Jeremy Ervine from Adelaide advertising agency Fnuky are the only two South Australians to make it onto the Australian marketing and media industry’s prestigious “30 Under 30” list for 2011.

Announced this week by leading industry commentator B&T, 30 Under 30 is an annual list recognising the hottest young industry leaders from all marketing communication disciplines around the country.

”The standard of entries was again really high, causing many headaches for our panel of six independent judges,” said Tim Addington from B&T.

David and Jeremy’s inclusion marks the first time South Australian faces have made the list.

The duo leads Fnuky which has an uncommonly high number of young people making up the staff of the agency, with 80% of the team under the age of 30.

EBS director Paul WoodsMelbourne-based ERP software specialist Evolution Business Systems (EBS) this month celebrated its 10th anniversary, after recording its best business year on record.

With 10 employees and both national and international customers, EBS is now reaping the rewards of a major initiative in 2008 when it began partnering with Microsoft in addition to its historically strong relationship with Arrow Software. EBS has repeatedly won the Arrow Business Partner of the Year award.

Simon JohnsonLeading US economist Simon Johnson warns that the world economy continues to face major problems because the largest banks in the US remain “too big to fail”.

”If one or more of them were in serious trouble, they would be saved by government action – because the consequences of inaction are just too scary,” he observes.

Even after the ruinous financial crisis of 2008, Johnson observes that these “too big to fail” megabanks continue to hold America and the global economy hostage. He warns that they threaten yet another financial meltdown with their risk-taking and toxic “business as usual” practices.

In a cogent, concise and confronting analysis of the economic threat posed by this concentration of financial power, Johnson argues that the best defence against the “megabank” threat is a radical breakup and reconfiguration of megabanks so they become small enough to fail.

Simon Johnson teaches at the Sloan School of Management at MIT. He is also a senior fellow at the Peterson Institute for International Economics in Washington, DC, and a member of the Congressional Budget Office's Panel of Economic Advisers. He is a regular commentator and writer on financial affairs and co-author of 13 Bankers: The Wall Street Takeover and the Next Financial Meltdown.