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Oz Blog News Commentary
MacroBusiness Friday, May 29, 2015 - 15:43 Source

  After the release of the 1Q 2015 Capex data by the ABS, Gunnamatta spoke with David Llewellyn-Smith and Leith van Onselen about the significance of the data for the national economy.  In a wide ranging discussion, they covered the outlook for aggregate demand, interest rates, and employment, and discussed how the economic outlook will

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MacroBusiness Friday, May 29, 2015 - 14:59 Source

Big iron is up today as the weak dollar and bond bid boosts shares. BHP and RIO are both up 1.5% but FMG is down 2% on the spot price sell off. To the indexes:   The idiocy spreads are still flat:   The juniors are stable but BCI is fading again:   Dalian futures

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Renew Economy Friday, May 29, 2015 - 14:46 Source

CSIRO technology that allows remote control and monitoring of electricity use, energy demand management participation, is being commercialised in Australia.

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Jack the Insider Friday, May 29, 2015 - 14:46 Source

Forgive me for coming over all Rodney Dangerfield but it is high time safe sex couples shared the same misery us hetero couples have experienced…

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Renew Economy Friday, May 29, 2015 - 14:45 Source

Market analysts say big retailers headed in right direction on solar and storage, arguing it is better to cannibalise than be consumed.

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Renew Economy Friday, May 29, 2015 - 14:44 Source

Sener starts work on thermosolar complex in Morocco; while Abengoa to develop 210MW hybrid solar plant in Chile, as solar prepares to take on baseload fossil fuels.

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Renew Economy Friday, May 29, 2015 - 14:41 Source

Garnaut says costs of climate action for Australia out to 2050 already exceeded by misplaced billions in mining boom and stranded assets.

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Renew Economy Friday, May 29, 2015 - 14:39 Source

Spanish lender joins Canada's two largest pension funds to launch London-based Cubico Sustainable Investment, a joint fund for renewable energy projects.

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Renew Economy Friday, May 29, 2015 - 14:39 Source

Claims of a coal power surge during Germany's nuclear phase-out are unfounded. In fact, Germany has no coal plants in the pipeline since Fukushima.

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Renew Economy Friday, May 29, 2015 - 14:38 Source

Relying on fixed charges to recoup lost electricity revenue from solar households is not only a big gamble for utilities, but a giant missed opportunity.

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Renew Economy Friday, May 29, 2015 - 14:37 Source

Unless Western countries intervene in their economies to build green energy and resource systems, they will continue to be defeated in this field by China.

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New Matilda Friday, May 29, 2015 - 14:26 Source

The WA government has refused to release the report but the Greens claim a leaked copy undermines the case for cuts.

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Renew Economy Friday, May 29, 2015 - 14:18 Source

Energy rule-maker finally moves on demand management, but changes may not take effect until after networks lock in another spending spree.

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Cheeseburger Gothic Friday, May 29, 2015 - 13:55 Source

The Australian Army has put together a very good multimedia history of their involvement in Afghanistan. Lots of interviews, context and first hand coverage. It would take a few hours to work through, but worth it for those who are interested.

Link's here.

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MacroBusiness Friday, May 29, 2015 - 13:50 Source

From Capital Economics: It is possible that at some point in the next couple of years, Australia will lose its AAA credit rating. While this would be a huge blow for whichever political party is in power at the time, it wouldn’t be a big deal for the economy or the financial markets. The dollar is unlikely

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New Matilda Friday, May 29, 2015 - 13:35 Source

A program credited with preventing Aboriginal deaths in custody is under threat, with the Abbott government urged to rethink its decision. Amy McQuire reports.

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Cheeseburger Gothic Friday, May 29, 2015 - 13:11 Source

I'm a sucker for those 'my workspace' blog posts, but I was horrified to see this one, by the iMore crew. Managing editor Serentity Caldwell may be a great journalist, but this is no way to treat one of Sir Jony's finest objet d'art.

I believe the effect she was seeking was something akin to my own tasteful set up.

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The Australian Independent Media Network Friday, May 29, 2015 - 13:02 Source

Whatever the outcome of Bill Shorten’s surprise move this week, he has caught Tony Abbott on the hop and executed one very successful wedge. Nice one, Bill.

The Irish vote for marriage equality has turned the issue on its head in Australia and one can be confident there is no going back now. Abbott can no longer hold back the tide. Shorten might have been playing politics announcing that he would introduce a private member’s bill to legalise same sex marriage, but so what?

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MacroBusiness Friday, May 29, 2015 - 12:13 Source

HIA new home sales are out for April and keep on keeping on: In April 2015, total seasonally adjusted new home sales increased for a fourth consecutive month, inching 0.6 per cent higher. While this is the slowest growth pace of the four months, it is still a strong result off the back of a

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MacroBusiness Friday, May 29, 2015 - 12:04 Source

Looks like for the time being at least the banana traders of China are running scared. Shanghai opened this morning and promptly crashed 4%. A little buying since Anyone for BTFD?  

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MacroBusiness Friday, May 29, 2015 - 11:49 Source

By Leith van Onselen The Reserve Bank of Australia (RBA) today released its private sector credit aggregates data for the month of April: A chart showing the long-run breakdown in the components is provided below: Personal credit growth (-0.1% MoM; -0.2% QoQ; 0.6% YoY) remains in the gutter, whereas business credit growth (0.0% MoM; 0.8%

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MacroBusiness Friday, May 29, 2015 - 11:49 Source

From UBS: When you remove interest costs, UBS actually has FMG below Vale now, though not sustain ably given one is bringing on vast quantities of super cheap new ore while the other is busy burning through its cheapest ore via high-grading.

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MacroBusiness Friday, May 29, 2015 - 11:45 Source

APRA has released its April banking statistics and it’s a washout so far as macroprudential tightening is concerned. Of the big six banks only one slowed investor lending growth and it remains well above the 10%line anyway: ANZ CBA MAC NAB SUN WBC 10.5 9.5 74.8 13.9 12.1 10.3 Here’s the chart:   And including the

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MacroBusiness Friday, May 29, 2015 - 10:10 Source

Just so you don’t think I’m making it all up and the feel good bankers are right, from UBS: Outlook: 15/16 downgraded from already bleak to now recessionary -18% y/y Meanwhile, nominal capex intentions 6th estimate for 14/15 fell slightly to $150.0bn, below our expected rise to $152.3bn & a downwardly revised 5th est. of $150.8bn. Crucially,

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xkcd.com Friday, May 29, 2015 - 10:00 Source

This well-known effect has of course been replicated in countless experiments.

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Popular Science Friday, May 29, 2015 - 09:55 Source

While this might look like two UAVs, it's actually one. The Divine Eagle uses a twin fuselage configuration, in order to optimize both fuel efficiency and maximize surface area for the installation of conformal radar arrays.

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Popular Science Friday, May 29, 2015 - 09:55 Source

A stubbed toe, a sore throat, a splitting headache: sometimes life might seem better if we didn't experience pain. In fact, pain can sometimes be useful—it's a way for your body to warn you when it's at risk of being damaged. Some people are born without the ability to feel pain, and their lives are often cut short as a result. In a study published this week in Nature Genetics, a team of researchers has analyzed the DNA of people who can't feel pain to identify a new gene that is essential to the process.

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Popular Science Friday, May 29, 2015 - 09:55 Source

To us, the bright red breast of a robin signals the start of spring. To a cowbird it screams 'easy mark.'

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Popular Science Friday, May 29, 2015 - 09:55 Source

When they appear on the horizon, the robots to coming kill you won't necessarily look like warplanes. That's limited, human-centric thinking, says Stuart Russell, a computer scientist at the University of California at Berkeley, and it only applies to today's unmanned weapons. Predator and Reaper drones were built with remote pilots and traditional flight mechanics in mind, and armed with the typical weapons of air war--powerful missiles, as useful for destroying buildings and vehicles as personnel. Tomorrow's nimbler, self-piloted armed bots won't simply be updated tools for old-fashioned air strikes. They'll be vectors for slaughter.

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Popular Science Friday, May 29, 2015 - 09:55 Source

When you think of disaster preparedness, you may think about how you would respond to an earthquake, a flood, or a storm. Now, security researchers want you to think about how to respond to cyber attacks, as well.

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