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MacroBusiness Monday, June 29, 2015 - 00:04 Source

Cross-posted from Investing in Chinese Stocks. WSJ: People’s Bank of China Cuts Interest Rates The PBOC cut its one-year benchmark lending rate by a quarter of a percentage point to 4.85% and its one-year deposit rate by the same scale to 2%. At the same time, it also lowered the reserve requirement by half a

The post PBOC goes nuclear as Shanghai stocks implode appeared first on MacroBusiness.

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MacroBusiness Monday, June 29, 2015 - 00:03 Source

From the FT: …Beijing wants to build a new Silk Road across the Eurasian landmass, equal in economic and cultural significance to that ancient precursor. Its ambition is leading it to make deals in a volatile region from which the west — in its preoccupation with east Asia — is essentially withdrawing. Oil-rich Kazakhstan has

The post The problem for China’s new silk road appeared first on MacroBusiness.

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MacroBusiness Monday, June 29, 2015 - 00:02 Source

From Soc Gen via Zero Hedge: As the growth deceleration intensifies and financial market liberalisation accelerates, denying the debt problem is becoming an increasingly unviable strategy. The Chinese government may be able to keep papering over the debt problem by continuing to offer implicit credit guarantees to everyone for another year or two. However, developments

The post The bad loans hobbling China appeared first on MacroBusiness.

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MacroBusiness Monday, June 29, 2015 - 00:01 Source

Global Macro / Markets / Investing: Google’s Plan to Bring Free Superfast Wi-Fi to the World Has Begun – bgr.com A Perfect Storm Brews for Bond Funds – Bloomberg The World’s Biggest Economies Are About to Feel the Impact of China’s Slowdown – Bloomberg Paul Krugman Goes for a Knockout Against Scrappy Austerians – Bloomberg

The post Links 29 June 2015 appeared first on MacroBusiness.

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Digitopoly Sunday, June 28, 2015 - 23:35 Source

benbarry-000335Sometimes a post appears that just annoys you so much that you need to comment on it. That happened to me yesterday with this post from Arjun Sethi on at all places, BackChannel (a blog I ordinarily like).

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TPS Extra Sunday, June 28, 2015 - 21:13 Source

The world has been saddened in the past week or so by a few
widely reported shootings on both sides of the Atlantic.

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Table Talk: Bob Ellis on Film and Theatre Sunday, June 28, 2015 - 20:58 Source

Bill Shorten’s dealings with the capitalist bosses were much worse, and much more criminal, much more vile, than Tony Abbott’s dealings with people smugglers. Discuss. That’s what the Liberals are running on. Good luck with that. And they think they …

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Table Talk: Bob Ellis on Film and Theatre Sunday, June 28, 2015 - 20:53 Source

It is a hundred years and one hundred and ninety-three days since an Australian was killed by a terrorist act in Australia.

When, at last, another death occurs in this way it will be noted here.

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Your Democracy Sunday, June 28, 2015 - 19:56 Source

klein

Apparently, Naomie Klein has been hired to advise the Pope and his cardinals on the subjects of Global Warming (including world economy). 

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New Matilda Sunday, June 28, 2015 - 19:53 Source

In its pursuit of the Environmental Defenders Offices, the Abbott government tips the scales further in favour of big mining.

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New Matilda Sunday, June 28, 2015 - 19:53 Source

In its pursuit of the Environmental Defenders Offices, the Abbott government tips the scales further in favour of big mining.

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Table Talk: Bob Ellis on Film and Theatre Sunday, June 28, 2015 - 19:43 Source

It may prove that ‘heads must roll’ will line up with ‘whose side are you on’ and ‘nope, nope, nope’ and ‘by hook or by crook, whatever it takes’ and the ‘Sir’ Prince Philip debacle as one of Abbott’s biggest propaganda mistakes and the honest polls will show it tomorrow, or soon.

The Big Lie poll, of course, Newspoll, due out tonight, will show Labor on 49 and Shorten trailing Abbott by 12 percent. But Morgan, which always gets it right, will have Labor on 55 percent, or similar, more votes than any party has got at election since 1931. And Ipsos will show something in that vicinity.

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New Matilda Sunday, June 28, 2015 - 19:03 Source

As if you needed 10... but we're nothing if not thorough.

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The Political Sword Sunday, June 28, 2015 - 18:30 Source


The idea of ‘national security’ arises from the ‘social contract’ referred to by political philosophers. The concept is that the people gave the power to enforce rules and punishments to their leaders, whether monarchs or elected governments, in return for ‘protection’. Otherwise, in going about our daily business we would also have to build into our day the need to protect ourselves and our families and property from any threats that may emerge.

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Croakey Sunday, June 28, 2015 - 18:14 Source

Many Croakey readers may be interested in a new book, The Intervention – An Anthology, which is due to be launched in Sydney this week (July 1) by Professor Gillian Triggs, president of the Australian Human Rights Commission. Edited by Rosie Scott...

Read more on the blog...

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Digitopoly Sunday, June 28, 2015 - 17:34 Source

File illustration picture showing the logo of car-sharing service app Uber on a smartphone next to the picture of an official German taxi sign in Frankfurt, September 15, 2014. A Frankfurt court earlier this month instituted a temporary injunction against Uber from offering car-sharing services across Germany.</body></html>

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Table Talk: Bob Ellis on Film and Theatre Sunday, June 28, 2015 - 17:34 Source

How can Alan Jones not be guilty of encouraging terrorism? He incited the Australia Day race riots on Cronulla Beach.

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Table Talk: Bob Ellis on Film and Theatre Sunday, June 28, 2015 - 17:09 Source

It is a hundred years and one hundred and ninety-two days since an Australian was killed by a terrorist act in Australia.

When, at last, another death occurs in this way it will be noted here.

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Table Talk: Bob Ellis on Film and Theatre Sunday, June 28, 2015 - 16:25 Source

13.

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Skepticlawyer Sunday, June 28, 2015 - 16:00 Source

In the postwar period, the Democratic candidate for President has received a majority of votes cast in precisely four elections: Johnson 1964 (53.4%), Carter 1976 (50.1%), Obama 2008 (52.9%), Obama 2012 (51.1%). Which makes the first African-American President the only Democratic candidate to get a majority of the votes cast twice in the postwar period.

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Table Talk: Bob Ellis on Film and Theatre Sunday, June 28, 2015 - 15:17 Source

It’s time the Nettleton children were brought home. It’s dangerous over there.

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Skepticlawyer Sunday, June 28, 2015 - 14:45 Source

Using US Census data and FBI homicide statistics, if one excludes African-Americans, the US homicide rate is 1.10 per 100,000–in other words, the same as Australia’s at around 32nd out of the 218 jurisdictions listed by Wikipedia, and unremarka

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The Australian Independent Media Network Sunday, June 28, 2015 - 14:22 Source

In the lead up to the last election, the vast majority of voters indicated the economy was the most important issue.  There is no doubt the supposed debt crisis had an impact on the electorate when it cast its vote, even though the Coalition was embarrassingly wrong on the issue.

Asylum seekers was a clear but distant second, ahead of issues such as health, climate change and education.  Defence barely rated a mention.

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Table Talk: Bob Ellis on Film and Theatre Sunday, June 28, 2015 - 13:49 Source

If you’re a terrorist, we don’t want you back. Better you stay there, beheading innocents in Grenoble.

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The Australian Independent Media Network Sunday, June 28, 2015 - 13:21 Source

I have always been among the first to be critical of Bill Shorten, but when he deserves more favourable recognition I want to be among the first to offer it. And he certainly deserves recognition for his speech on Matters of Public Importance in Parliament on June 25 when he unleashed probably the best attack on Tony Abbott since Julia Gillard’s famous ‘misogyny speech‘.

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Table Talk: Bob Ellis on Film and Theatre Sunday, June 28, 2015 - 11:00 Source

Cassidy versus Turnbull on Insiders.

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Table Talk: Bob Ellis on Film and Theatre Sunday, June 28, 2015 - 10:52 Source

Zaky Mallah said nothing remarkable, got applause for some of it, and the government therefore rapidly changed the subject, in the way Roger Ailes recommends, to ‘the character issue’. What was his history? Who had he threatened? Why was he allowed, unfrisked, in the studio?

What Zaky said, roughly, was if you curse young troubled Muslim kids here in Australia, they’re more likely to leave Australia and go fight for ISIS overseas. No-one can argue with this, it’s a no-brainer. It stands to reason. It cannot be contested as a proposition.

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En Passant Sunday, June 28, 2015 - 10:30 Source

I sent this to the Sydney Morning Herald in response to an article quoting me. What chance?

John Passant

My thanks to Gareth Hutchens for using me as an example of those who have condemned the Greens’ shift further to the neoliberal right. (‘Meet the new Greens economics team preparing to shake up Australian politics’, The Sydney Morning Herald 27 June 2015.)

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Cheeseburger Gothic Sunday, June 28, 2015 - 10:23 Source

I have already pre-ordered this bad boy. A graphic novel of the good doctor's Fear and Loathing in Las Vegas. Seems odd at first, given the integral role of Ralph Steadman's drug fucked illustrations to the original text, and the twisted beauty of Hunter S. Thompson's prose. How could it work.

I dunno. But I'm willing to take a small plunge on finding out.

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Cheeseburger Gothic Sunday, June 28, 2015 - 10:19 Source

It shouldn't work, but it totally does.

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