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MacroBusiness Tuesday, December 18, 2018 - 11:15 Source

By Leith van Onselen A NSW parliamentary review into WestConnex has slammed the project for lacking transparency and failing to meet best practice requirements: WestConnex has had a significant and pronounced impact on local communities and families. This has undoubtedly been a very challenging time for those affected… The committee has questions regarding the transparency of

The post WestConnex has NSW taxpayers bent over a barrel appeared first on MacroBusiness.

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MacroBusiness Tuesday, December 18, 2018 - 10:57 Source

The Australian dollar is holding up this morning: Bonds are bid and close to break out at the long end: XJO is down, down. Although not at new lows today it has broken support and looks headed lower: Big Iron is down but not too bad: Big Gas is in trouble as oil goes lower:

The post ASX, big banks sink further into growling bear markets appeared first on MacroBusiness.

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MacroBusiness Tuesday, December 18, 2018 - 10:45 Source

By Leith van Onselen Acadata has released its latest house price results for the UK, which shows that house price growth has fallen to its slowest level since April 2012, falling in real terms: House prices largely continue to flatline, and the rate of annual growth has fallen consistently since August. It now stands at

The post UK house price growth slowest in 6 1/2 years appeared first on MacroBusiness.

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The Australian Independent Media Network Tuesday, December 18, 2018 - 10:30 Source

By Ad astra  As we enter the Festive Season, we reflect on the year past and the one ahead. It’s a time when Christians celebrate Christmas and other special days, Jewish folk enjoy Hanukkah, Mexicans celebrate the Fiesta of our Lady of Guadalupe, and Swedes celebrate St Lucia Day. The New Year is ushered in…

The post Why is there still so much anger? appeared first on The AIM Network.

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MacroBusiness Tuesday, December 18, 2018 - 10:30 Source

By Leith van Onselen May’s Federal Budget contained various measures aimed at keeping older Australians in their homes, including: billions of dollars in funding for thousands of extra home-care packages; extending the Pensioner Work Bonus scheme, giving older Australians the ability to earn more money without affecting their benefits; and extending the Pension Loans Scheme

The post Coalition’s grey bribes to lock empty nesters in family homes appeared first on MacroBusiness.

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Renew Economy Tuesday, December 18, 2018 - 10:30 Source

Concern about pace and cost of grid connections, and lack of clarity about the rules for connection, cited as biggest concern for wind and solar industry.

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MacroBusiness Tuesday, December 18, 2018 - 10:15 Source

By Leith van Onselen With mass immigration opponent, Luke Foley, resigning from the NSW Labor Party’s leadership earlier last month, I was hoping that new leader Michael Daley would maintain the rage against the mass immigration influx that is destroying liveability in Sydney: Sadly, early indications are not good. Last month, Michael Daley appeared on

The post NSW Labor turns Big Australia defender appeared first on MacroBusiness.

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Renew Economy Tuesday, December 18, 2018 - 10:07 Source

Owners of Vales Point coal generator sign up for 275MW Darlington solar farm in NSW, as a hedge against future emissions and a display of how coal and solar can "work together".

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MacroBusiness Tuesday, December 18, 2018 - 10:00 Source

Via The Guardian: More than half of voters in the latest Guardian Essential poll believe Bill Shorten and Labor will win the next federal election. Only 21% think the Morrison government can recover from a horror year, and prevail at the polls in 2019. The disillusionment of Australian voters is also palpable in the final opinion survey

The post Essential: Labor galloping to victory appeared first on MacroBusiness.

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MacroBusiness Tuesday, December 18, 2018 - 09:45 Source

Via The Australian: Scott Morrison will unveil $10.6 billion in tax cuts and targeted spending before next year’s election in a last-ditch effort to recast his government’s fortunes. With Newspoll showing the Coalition facing a crushing defeat, the Prime Minister will rely on the best budget numbers in a decade, revealed in yesterday’s mid-year economic

The post Scummo to offer nothing burger tax cut appeared first on MacroBusiness.

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MacroBusiness Tuesday, December 18, 2018 - 09:31 Source

By Chris Becker Caution has been downgraded to uncertainty with stock markets selling off sharply overnight after what looked like a good bounce here in Asia yesterday. US stocks fell over 2% with US 10 year Treasury yields now well below the 2.9% level, dragging the USD lower against all the majors except Aussie. Recapping Asia’s

The post Macro Morning appeared first on MacroBusiness.

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MacroBusiness Tuesday, December 18, 2018 - 09:30 Source

Via Vertical Group:  Despite Mounting Signs of a Slowdown in China’s Economy, We Do Not Believe Big Gov. Stimulus Will Rescue Investors this Time. China’s total social financing (“TSF”), the broadest measure of new credit, was lower than necessary in Nov. That is, despite beating Cons. ests., and rising 105% from Oct, total credit

The post China won’t stimulate this time appeared first on MacroBusiness.

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MacroBusiness Tuesday, December 18, 2018 - 09:15 Source

Iron ore prices for December 17, 2018: Spot up. Paper down. Steel stalled. Port stocks still falling. It’s normal seasonal strength. Look to February for the next break in prices.

The post Daily iron ore price update (normal) appeared first on MacroBusiness.

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Your Democracy Tuesday, December 18, 2018 - 09:01 Source

poster

Over the last two decades, academics and pundits have tried to answer this question. Most begin their search for the birth of the modern world somewhere over the last few centuries: the discovery of the Americas, the invention of the steam engine, perhaps the outbreak of the French Revolution.

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MacroBusiness Tuesday, December 18, 2018 - 09:00 Source

DXY was soft last night: But AUD was weak anyway: Gold is hopeful of a Fed pause, with good reason: Thanks to crashing oil: Base metals were mixed: Big miners were up: EM stocks were down: Junk was slammed with oil: Treasuries were bid: And bunds: Stocks sagged and look likely to break February lows

The post Australian dollar sinks with oil as global bear growls appeared first on MacroBusiness.

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The Australian Independent Media Network Tuesday, December 18, 2018 - 08:56 Source

Great news, folks! The budget is back in surplus! Or at least it will be… After the next election. Now, I know some of you cynical people will be saying, “After the next election? How convenient!” But you’re the sort of people who probably doubted that privatisation would bring electricity prices down. You probably don’t…

The post Surplus News: The Shorten And Broad Version! appeared first on The AIM Network.

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The Tally Room Tuesday, December 18, 2018 - 08:22 Source

Today’s maps focus on the performance of the Greens, who went backwards in terms of votes, yet managed to win a record number of lower house seats at a general election.

This first map shows the primary vote swing for the Greens in the 88 electorates.

Seats coloured dark green or bright green mostly swung to the Greens. Pale green seats had a small negative swing, with the brown seats doing worst.

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MacroBusiness Tuesday, December 18, 2018 - 06:45 Source

The AFR is reporting as much: Banks will be forced to pay financial compensation and remediation to every bank customer who has been wronged, as the Labor Party signalled a tough response to the Hayne royal commission if it wins power. The ALP has also signalled it is likely to pursue comprehensive consumer law reform

The post Labor to take stand on banks as RBA corrupts Frydenberg appeared first on MacroBusiness.

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MacroBusiness Tuesday, December 18, 2018 - 06:45 Source

The AFR is reporting as much: Banks will be forced to pay financial compensation and remediation to every bank customer who has been wronged, as the Labor Party signalled a tough response to the Hayne royal commission if it wins power. The ALP has also signalled it is likely to pursue comprehensive consumer law reform

The post Labor to take strong stand on banks despite corrupt RBA appeared first on MacroBusiness.

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Poll Bludger Tuesday, December 18, 2018 - 06:42 Source

Labor loses some of its edge on the primary vote in Essential's last poll for the year, but retains a commanding two-party lead, and is widely expected to win next year's election.

The post Essential Research: 53-47 to Labor appeared first on The Poll Bludger.

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Your Democracy Tuesday, December 18, 2018 - 06:31 Source

ldv

Bipartisan panel: US must prepare for “horrendous,” “devastating” war with Russia and China

By Andre Damon 

16 November 2018

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MacroBusiness Tuesday, December 18, 2018 - 00:15 Source

By Leith van Onselen Australia has again taken the silver medal for having the world’s second most indebted households according to the latest data from the Bank for International Settlements (BIS). The next table shows the ratios of household debt to GDP as at the June quarter of 2018. As you can see, Switzerland (129%)

The post Australia retains silver medal in global household debt appeared first on MacroBusiness.

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MacroBusiness Tuesday, December 18, 2018 - 00:13 Source

By Leith van Onselen Following on from yesterday’s post on the $8 billion downgrade to the NSW Government’s stamp duty receipts, the NSW Office of State Revenue has released stamp duty data to October, which reveals a $1.2 billion (16%) decline over the past year: As shown above, annual NSW residential stamp duty receipts ($6,231

The post NSW stamp duty receipts crash 16% over past year appeared first on MacroBusiness.

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MacroBusiness Tuesday, December 18, 2018 - 00:12 Source

CoreLogic’s weekly housing indicators continue to show accelerating weakness. Dwelling values have fallen heavily again, led by Sydney and Melbourne: Auction clearances have crashed, again led by Sydney and Melbourne: Whereas mortgage credit remains stillborn: At the same time, listings have exploded upwards to 2012 highs as unsold ‘stale’ stock accumulates across Sydney and Melbourne;

The post CoreLogic: Unsold properties surging across Sydney/Melbourne appeared first on MacroBusiness.

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MacroBusiness Tuesday, December 18, 2018 - 00:10 Source

By Leith van Onselen The Australian Bureau of Statistics yesterday released its overseas short-term arrivals and departures figures for October, which continued to show a trend rise in the number of inbound visitors, with both Chinese arrivals and student arrivals hitting an all-time high. The number of short-term visitor arrivals fell a seasonal 9.2% in

The post Foreign student arrivals hit record high in October appeared first on MacroBusiness.

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MacroBusiness Tuesday, December 18, 2018 - 00:01 Source

Global Macro / Markets / Investing: US credit markets dry up as volatility rattles investors – FT Amazon Targets Unprofitable Items, With a Sharper Focus on the Bottom Line – WSJ Tough fourth quarter casts shadow over Wall St bonuses – FT Global debt reaches record high of $184 trillion, IMF says – Market Place

The post Links 18 December 2018 appeared first on MacroBusiness.

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Club Troppo Monday, December 17, 2018 - 22:44 Source

In the dynamic media environment we have in Australia, broadcasting regulation has become an exceptionally tricky exercise. If regulations are to work, they require creative application and on-going monitoring as commercial players will always seek to outmanoeuvre them, especially when they affect programming decisions. Bureaucracies move slowly. It takes time to define, then to pass legislation and once regulations are in place, too often assumptions are made that the job is done.

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Club Troppo Monday, December 17, 2018 - 22:03 Source

Children are now on the move. Their phone is their companion for reaching out to friends, texting, referencing, looking up what they want and need to know, viewing YouTube, playing games, taking photos and videos. They can click through what’s on offer: a cornucopia from which they are learning and having fun. They have led the way in showing tech companies how versatile a smartphone can be. They go online for a myriad of purposes and attracting their attention for any length of time is a challenge. Yes they enjoy stories but they are looking for diversity and innovation.

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The Australian Independent Media Network Monday, December 17, 2018 - 21:00 Source

Continuing my Italian Story theme … I heard this tale from my sister when I once visited her in Italy back in the seventies. She told me she had not long been in the village when one day whilst sweeping by her back door, an older woman hurried past. My sister said “hello” in politeness,…

The post The Conversion of Father Carravalo appeared first on The AIM Network.

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En Passant Monday, December 17, 2018 - 19:17 Source

Newly released ATO figures indicate that big business has avoided tax for the fourth year in a row, I write in Independent Australia.

To read the article click here

https://independentaustralia.net/politics/politics-display/big-business-...

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