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MacroBusiness Thursday, May 24, 2018 - 00:30 Source

Via StuffNZ: In an ideal world, the CEO of Westpac New Zealand would like to see house price growth remain on hold for the next few decades. Speaking at a Trans-Tasman Business Circle breakfast in Auckland on Wednesday, David McLean said: “What we think New Zealand needs is a long period – maybe 20 or 30

The post Westpac: Ideally, house prices will fall for thirty years appeared first on MacroBusiness.

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MacroBusiness Thursday, May 24, 2018 - 00:25 Source

The Chinese dictator has jumped the shark in his push to control Australia. All he had to do was to keep quietly buying houses and we were goners. Canberra was falling over itself to hand it to him, from Professor Warwick McKibbin several years ago: Obsessed by weak commodity prices and volatility in global financial

The post Turns out the Chinese dictator has a glass jaw appeared first on MacroBusiness.

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Club Troppo Thursday, May 24, 2018 - 00:24 Source

For some time now we’ve been ‘proving up’ citizens’ juries as a means of consulting the people, but generally within the context of governments being in charge. As a result they’ve been mostly relatively innocuous.

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MacroBusiness Thursday, May 24, 2018 - 00:20 Source

By Leith van Onselen The International Monetary Fund has produced dystopian analysis warning of a possible future of work dominated by machines, leading to falling wages, rising unemployment, and worsening inequality. From The ABC: The research looked at a variety of scenarios ranging from modest substitution of labour by robots and artificial intelligence to a

The post Amid mass automation, why persist with mass immigration? appeared first on MacroBusiness.

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MacroBusiness Thursday, May 24, 2018 - 00:17 Source

Via the AFR: British billionaire Sanjeev Gupta is accelerating plans to become Australia’s first large-scale manufacturer of lithium household storage batteries to take advantage of booming demand and to stop the country squandering another competitive advantage. …”We missed it on iron ore and steel and Australia can’t afford to miss it,” he said. “We’re investigating

The post God bless Sanjeev Gupta appeared first on MacroBusiness.

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North Coast Voices Thursday, May 24, 2018 - 00:16 Source

Newcastle Herald, 18 May 2018:The citizenship crisis could claim more government MPs after Attorney-General Christian Porter said they had to prove their possible dual citizenships were renounced.Labor says this puts Treasurer Scott Morrison, Deputy Prime Minister Michael McCormack, and 12 other coalition MPs in danger.Mr Morrison's maternal grandfather was born in New Zealand, while Mr McCormack's was born in Greece in 1896.The citizenship test in the constitution has already forced more than a dozen MPs to quit because they were citiz

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MacroBusiness Thursday, May 24, 2018 - 00:15 Source

By Leith van Onselen One of the most striking trends that has developed across the Australian economy over recent decades has been the sharp lift in temporary employment, as illustrated by the following chart: Whereas there were 5.5 full-time workers for every part-time worker 40 years ago, today there are just 2.2 full-time workers for every

The post Australia tops OECD for insecure work appeared first on MacroBusiness.

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North Coast Voices Thursday, May 24, 2018 - 00:15 Source
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MacroBusiness Thursday, May 24, 2018 - 00:10 Source

By Leith van Onselen Flinders University has released research claiming that planning rules banning the construction of multi-unit flats has contributed to Adelaide’s lack of affordable housing. From Adelaide Now: Flinders University research has found that zoning regulations that prevented building of multi-level flats and townhouses by implementing minimum home sizes — in part due to

The post Restrictive zoning blamed for Adelaide’s expensive housing appeared first on MacroBusiness.

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MacroBusiness Thursday, May 24, 2018 - 00:01 Source

Global Macro / Markets / Investing: How Politicians Intensify Financial Cycles: 300 Years of Pro-Cyclical Regulation – Pro Market Why Investor Behaviour Makes Momentum Strategies Outperform – Seeking Alpha Bitcoin Could Be a Problem for U.S. Security Clearances – Bloomberg Financial Crisis May Have Hit ’80s Generation the Hardest – WSJ The Old Allure of

The post Links 24 May 2018 appeared first on MacroBusiness.

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Poll Bludger Wednesday, May 23, 2018 - 21:01 Source

On Friday, Ireland will vote on whether to repeal its restrictive abortion law. Yes leads in the polls, but there are likely to be shy No voters. Guest post by Adrian Beaumont.

The post Ireland abortion referendum: May 25 appeared first on The Poll Bludger.

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Club Troppo Wednesday, May 23, 2018 - 20:39 Source

Beginning tomorrow.

Festival Website | Films | Schedule
Top Picks

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Harrangue Man Wednesday, May 23, 2018 - 19:28 Source

That's where my pants went in the ALDI carpark and it was only my jacket tail that kept my tail from view. It was a risk to go out in short shorts and PJs in that both systems could fail if they went below my waistline and that's exactly what happened.Fortunately no one noticed.I can only imagine tne horror of what it does look like.

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Harrangue Man Wednesday, May 23, 2018 - 18:32 Source

Wait, what?

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The Australian Independent Media Network Wednesday, May 23, 2018 - 18:26 Source

Syndromes can make for cringe-worthy, nervous laughter. To see the Australian Prime Minister, Malcolm Turnbull, struggle with reconciling China the bully of influence with China the resource hungry friend supplied the press with one such spectacle on Tuesday morning. Larded with suffocating clichés, Turnbull could speak of the greatest multicultural society on earth (forget the…

The post Australia’s China Syndrome appeared first on The AIM Network.

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Harrangue Man Wednesday, May 23, 2018 - 18:05 Source

I bent to gather skin shards from the carpet from my juddering attempts to stop picking my feet now I've stopped going at my face---the habit just went somewhere it cannot be seen.As I stood up my right forehead crunched into a projecting cupboard edge.It felt as it it had impaled my head in the second it happened but it was just an ouch and no blood. I looked in the mirror but couldn't see damage.So I forgot about it until I happened to touch the spot and felt the egg and scratch I got from the attack. It throbbed for a bit.Stupid me. I pick my feet and then clock myself in the noggin; broken brain leads to a semi-rent scalp.

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Inside Story Wednesday, May 23, 2018 - 17:52 Source

For the first four decades of federation, Australia didn’t feel the need for its own diplomats. But wake-up calls don’t come much louder than the second world war. As the cataclysm loomed, Australia finally understood it could no longer leave foreign policy to the British.

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MacroBusiness Wednesday, May 23, 2018 - 17:30 Source

Its looking more and more like risk-off as Asian markets retreat in line with US markets overnight, the possible breakdown of talks on the Korean peninsula and the US growing trade war with China the likely catalysts. The Shanghai Composite slumped after a minor pulback below strong overhead resistance at 3200 yesterday, falling over 1.4% to

The post Macro Afternoon appeared first on MacroBusiness.

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Harrangue Man Wednesday, May 23, 2018 - 16:58 Source

The brown silkie's feathers were obscuring her vision—her feathers like thick hair to the look and touch. She kept getting hassled by the others and I figured it was 'cos they could sneak up on her. I've never given a chicken a haircut before; it's not a bucket list thing—it's just a thing. But still, not something you usually do. I'm Just Cuts for hens—plus I then sold her a ridonk amount of product at 40 per cent above retail.Stupid chicken.

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Inside Story Wednesday, May 23, 2018 - 16:58 Source

Back in 2009, when Labor’s John Brumby was premier, the Melbourne Age revealed how Progressive Business, a state Labor Party entity, went about raising funds. Under the headline “$10,000 to Sit Next to Brumby,” the newspaper detailed how businesses had paid significant amounts for access to senior ministers. In response, Brumby invoked the “democratic right” of people and businesses to donate to the party.

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Harrangue Man Wednesday, May 23, 2018 - 16:52 Source

It was a clear mid-afternoon when I set out and I came back in the hour before dusk where all is in stark relief, shadows stretching. The sky held a waxing moon and though the first chemtrail wasn't headed in the direction it felt for a moment I was in the twenty-first century the twentieth envisioned with rockets to the moon—a moon where you could see the shadow of the full sphere. Then another trail, another rocket taking flight.I was pumped for being outside on a grotesquely beautiful Canberra day and the trike chain only came off twice. I had happy jitters—if that's a thing—so it took five minutes each time to get the chain back on.

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The Australian Independent Media Network Wednesday, May 23, 2018 - 15:53 Source

By Kyran O’Dwyer Never before have we been in this situation. Of course, we have had bad governments before. But never like this. We have had governments that are ‘out of touch’ before, seeming to act contrary to public opinion. Remember Vietnam and, more recently, Iraq wars? Public rallies were held and hundreds of thousands…

The post Aw C’mon, Get Up! Change the Rules appeared first on The AIM Network.

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Renew Economy Wednesday, May 23, 2018 - 14:39 Source

SA Liberal energy minister Dan van Holst Pellekaan vows to continue state's dramatic energy transition, and flags support for programs that could deliver 100,000 household batteries.

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Renew Economy Wednesday, May 23, 2018 - 14:29 Source

AEMO says reserve mechanism that ensured lights stayed on last summer cost just $6 per customer, and praises role of newly deployed technologies such as batteries and demand response.

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Renew Economy Wednesday, May 23, 2018 - 14:29 Source

Work begins on Risen Energy's 121MW Yarranlea Solar Farm, west of Toowoomba, which is going ahead without a PPA.

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MacroBusiness Wednesday, May 23, 2018 - 14:00 Source

Via The Guardian: Christian Porter has given a strong indication the Coalition will not set up a federal independent commission against corruption, telling Labor there is no “persuasive evidence” that current methods of tackling corruption are insufficient. The attorney general has written to his Labor counterpart, Mark Dreyfus, arguing that the establishment of a national integrity

The post Corrupt government declares moot anti-corruption watchdog appeared first on MacroBusiness.

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MacroBusiness Wednesday, May 23, 2018 - 13:30 Source

Nobody knows what LMI is: Mortgage Choice and CoreData’s new Evolving Great Australian Dream 2018 whitepaper found 42.1% of respondents said they were not sure what LMI was, yet a third (32%) said they would need to pay it in order to get into the property market. “Our data found that a majority of home

The post Great news for the coming housing bust bank bailout appeared first on MacroBusiness.

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MacroBusiness Wednesday, May 23, 2018 - 12:55 Source

I would like to buy the editorial writer at the Global Times a beer: Chinese State Councilor and Foreign Minister Wang Yi met with his Australian counterpart Julie Bishop on Monday at a sideline event during the G20 Meeting of Foreign Affairs Ministers in Buenos Aires, Argentina. During the meeting, Bishop said that the recent spate of

The post Chinese media pounds away at Straya’s “arrogant attitudes” appeared first on MacroBusiness.

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Renew Economy Wednesday, May 23, 2018 - 12:45 Source

Sweden's Vattenfall connects 500 BMW i3 batteries to 228MW wind farm in South Wales, in "UK’s largest" co-located onshore wind and battery project.

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Renew Economy Wednesday, May 23, 2018 - 12:36 Source

US report demonstrates how renewable and distributed energy resources can provide the same grid services as gas generators – and avoid $1 trillion of new plant costs.

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