Blogotariat

Oz Blog News Commentary
MacroBusiness Wednesday, May 16, 2018 - 10:00 Source

By Leith van Onselen From The Guardian comes news that poverty rates in Australia are surging on the back of skyrocketing housing costs: Housing costs alone are responsible for pushing a further 229,000 Australian children below the poverty line, a new analysis shows. Researchers on Tuesday released the first longitudinal analysis of homelessness in Australia,

The post Fake Left censors furiously as population ponzi drives up poverty rates appeared first on MacroBusiness.

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MacroBusiness Wednesday, May 16, 2018 - 10:00 Source

By Leith van Onselen From The Guardian comes news that poverty rates in Australia are surging on the back of skyrocketing housing costs: Housing costs alone are responsible for pushing a further 229,000 Australian children below the poverty line, a new analysis shows. Researchers on Tuesday released the first longitudinal analysis of homelessness in Australia,

The post Fake Left censors furiously as population ponzi drives up poverty rates appeared first on MacroBusiness.

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xkcd.com Wednesday, May 16, 2018 - 10:00 Source

I was just disassembling it over the course of five hours so it would fit in the trash more efficiently.

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MacroBusiness Wednesday, May 16, 2018 - 09:30 Source

Via The Guardian: Australian millennials increasingly think big businesses and politicians do more harm than good, a new survey has found. The annual Deloitte survey of Generation Y, roughly defined as those born between 1983 and 1994, found they were increasingly sceptical of politics but surprisingly more personally optimistic than last year. Of the 337 Australian millennials

The post Depressed Millennials need a political party appeared first on MacroBusiness.

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Your Democracy Wednesday, May 16, 2018 - 09:18 Source

cliffface

An article in a "denialist publication" by some half-learned idiots trying to pass as half-intelligent scientists/mathematicians has irked me. Their work is often used by denialists to tell us the global warming science is bunkum:

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MacroBusiness Wednesday, May 16, 2018 - 09:00 Source

Yesterday the Australia former ambassador to China, Geoff Raby, called for Julie Bishop’s head: Once again Australian foreign policy seems to be missing in action. As events unfold at remarkable speed in our area of most strategic interest – north-east Asia – Australia finds itself unable to engage with the key participant at the centre

The post Australia’s China apologists lose their heads appeared first on MacroBusiness.

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MacroBusiness Wednesday, May 16, 2018 - 08:48 Source

Via The Advisor: Slower credit growth and reduced borrowing capacity are expected to wipe 10 per cent off volumes this year, but brokers may find a silver lining in their trail commissions. Investor lending has fallen by 16.1 per cent over the year to March, while owner-occupied lending is off by 2.2 per cent, according

The post Mortgage brokers brace for collapse in volumes appeared first on MacroBusiness.

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MacroBusiness Wednesday, May 16, 2018 - 08:11 Source

By Chris Becker A double whammy of economic releases overnight saw another retreat in risk markets as the USD soared against the majors, while gold went to a new four month low. While European Q1 GDP came in on target, German GDP underperformed alongside industrial production figures signalling some internal weakness in the EZ. In

The post Macro Morning appeared first on MacroBusiness.

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Poll Bludger Wednesday, May 16, 2018 - 06:39 Source

Essential's post-budget poll records a gentle shift to the Coalition on voting intention, and a generally favourable response to the budget.

The post Essential Research: 52-48 to Labor appeared first on The Poll Bludger.

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MacroBusiness Wednesday, May 16, 2018 - 05:43 Source

The DXY charge was back last night as EUR fell: AUD was slammed: But EMs fell more: Confirming the USD charge is gaining momentum, gold was smashed: Oil held up: Base metals were mixed: Big miners fell: EM stocks were smashed: As EM junk gave way: Treasuries were pounded and the curve even managed to

The post Australian dollar slammed with emerging markets appeared first on MacroBusiness.

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The Global Mail - Syndicated Stories Wednesday, May 16, 2018 - 01:40 Source

All over the world, civilians rely on utility companies to provide electricity and other power solutions. Currently, solar power is a small but promising solution to that, but the world needs to move faster. PowerLedger is a blockchain-based solution that […]

The post A beginner’s guide to PowerLedger and its POWR coin appeared first on The Global Mail.

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MacroBusiness Wednesday, May 16, 2018 - 00:21 Source

By Leith van Onselen With the release yesterday of the ABS lending finance data for March, it’s an opportune time to once again chart how capital city house prices are tracking against both investor and total housing finance. As readers no doubt already know, housing finance has historically been strongly correlated with values, therefore it

The post Housing finance points house prices straight down appeared first on MacroBusiness.

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MacroBusiness Wednesday, May 16, 2018 - 00:20 Source

I recently noted that the Australian economy had come to reflect its Chinese betters: For a long time I have observed a plain historical truth. Colonial sub-altern economies and societies tend to reflect the structures and values of their hegemon. It happens through both coercion and willing submission for personal gain. This is clear throughout the

The post Little China mulls forced resettlements appeared first on MacroBusiness.

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North Coast Voices Wednesday, May 16, 2018 - 00:16 Source

This was Australian Treasurer and Liberal MP for Cook Scott Morrison having second thoughts....This was the tweeted video Morrison was attempting to hide....

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MacroBusiness Wednesday, May 16, 2018 - 00:15 Source

By Leith van Onselen The Australian Bureau of Statistics yesterday released its overseas short-term arrivals and departures figures for March, which continued to show a trend rise in the number of inbound visitors, with Chinese arrivals continuing to boom. The number of short-term visitor arrivals fell a seasonal 4.6% in March in original terms, whereas

The post Visitor data suggests Chinese boom may be stalling appeared first on MacroBusiness.

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North Coast Voices Wednesday, May 16, 2018 - 00:15 Source

Remembering that a federal government national screening program, working with with a private entity, has already accessed personal information from Medicare without consent of registered individuals and entered these persons into a research program - again without consent - and these individuals apparently could not easily opt out of being listed as a research subject but were often only verbally offered  the option of declining to take part in testing, which presumably meant that health data from other sources was still capable of being collected about them by the program.

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MacroBusiness Wednesday, May 16, 2018 - 00:10 Source

By Leith van Onselen SQM Research has released its rental vacancy series for April, which revealed a steady national vacancy rate over the month but a 0.3% decline over the year: Over the year, decreases in vacancies were recorded in Adelaide (-0.5%), Perth (-1.1%), Melbourne (-0.2%), Brisbane (-0.7%), Canberra (-0.2%), and Darwin (-0.1%), whereas a

The post Sydney’s rental market weakens appeared first on MacroBusiness.

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MacroBusiness Wednesday, May 16, 2018 - 00:05 Source

Iron ore price charts for May 15, 2018: Tianjin benchmark fell 85 cents to $67.40. Paper fell last night. Steel eased yesterday. Rebar stocks are stilling drawing at a good pace but remain abundant. We’re headed lower from here is my guess. Output is stunning. The macro is slowing. Inventories are bloated. Summer is cyclically

The post Daily iron ore price update (look out below) appeared first on MacroBusiness.

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MacroBusiness Wednesday, May 16, 2018 - 00:01 Source

Global Macro / Markets / Investing: Goldman Loses Its ‘Queen of Commodities’ Marking End of an Era – Bloomberg The 130-Year-Old Bankruptcy That Created a $5 Billion Oil Giant – Bloomberg Exchange operator CME is going deeper into cryptocurrencies – Business Insider Lies, Damn Lies and Inflation – WSJ FedEx’s Smith Sees Blockchain as `Next

The post Links 16 May 2018 appeared first on MacroBusiness.

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Renew Economy Tuesday, May 15, 2018 - 17:26 Source

Tesla Model X tows a Qantas Dreamliner jet some 300 metres across the tarmac. Why? For publicity, of course, and because they could.

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Inside Story Tuesday, May 15, 2018 - 16:51 Source

When Australian Council of Trade Unions secretary Sally McManus outlined the peak union body’s Change the Rules campaign at the National Press Club in March, the Australian Chamber of Commerce and Industry had a quick comeback.

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MacroBusiness Tuesday, May 15, 2018 - 16:45 Source

Quite a mixed day here in Asia given the lack of volatility in overnight markets with the only bright light being mainland Chinese shares on the back of solid April data. Other stock markets had small declines as the major currencies tread water against USD. The Shanghai Composite had a late afternoon attempt at breaching the next resistance

The post Macro Afternoon appeared first on MacroBusiness.

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Renew Economy Tuesday, May 15, 2018 - 14:36 Source

ESC chair says outcome of retailer switching drive has been "contrary to usual expectations" of increased market competition.

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Renew Economy Tuesday, May 15, 2018 - 14:19 Source

South Australia remains the most fascinating market, with all sorts of competing ideas and technologies to firm the state's wind and solar output.

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Renew Economy Tuesday, May 15, 2018 - 14:19 Source

South Australia remains the most fascinating market, with all sorts of competing ideas and technologies to firm the state's wind and solar output.

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The Australian Independent Media Network Tuesday, May 15, 2018 - 14:15 Source

Politicians have been clambering to the top extolling something that has yet to exist. Scientists are claiming a job boom that has yet to transpire. Much fantasy and speculation dominate the creation of Australia’s Space Agency, an organisation that remains inchoate despite being launched on Monday by the appropriately named Michaelia Cash. Former CSIRO boss…

The post The Commercial Heavens: The New Australian Space Agency appeared first on The AIM Network.

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Renew Economy Tuesday, May 15, 2018 - 14:11 Source

The 220MW Bungala solar farm - Australia's largest - begins production, signalling a milestone for the transformation of Port Augusta into a renewable energy hub.

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Renew Economy Tuesday, May 15, 2018 - 14:11 Source

The 220MW Bungala solar farm - Australia's largest - begins production, signalling a milestone for the transformation of Port Augusta into a renewable energy hub.

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Harrangue Man Tuesday, May 15, 2018 - 14:02 Source

How did it get into the pen? Did someone chuck it over the fence? Did the chickens do a breakout, steal money from my wallet then go get sushi?I suppose it's not as weird as the rubber Darth Vader head I found that time—it's staring at me as I type and now I've noticed that I have to move it ... there, I put it on the bobble head I have of Hawkeye.

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Renew Economy Tuesday, May 15, 2018 - 13:45 Source

Clare solar farm begins production in north Queensland, while Hughenden solar farm also connected to the grid.

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