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MacroBusiness Friday, December 8, 2017 - 13:50 Source

By Leith van Onselen More than two years after the 7-Eleven migrant worker scandal first broke, and 21 months after the Senate Education and Employment References Committee released its scathing report entitled A National Disgrace: The Exploitation of Temporary Work Visa Holders, the final report of the parliamentary inquiry into modern slavery has released its

The post Parliamentary inquiry demands action on migrant slavery appeared first on MacroBusiness.

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Prosper Australia Friday, December 8, 2017 - 13:41 Source

The Productivity Commission’s recent five year review, “Shifting the Dial”, brings the welcome recommendation of a shift from stamp duties to a broad-based land tax. Stamp duty is a dud tax from the economist’s point of view; it doesn’t achieve an obvious redistribution goal and is a disincentive to downsizers. Land value taxes by contrast, […]

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Renew Economy Friday, December 8, 2017 - 13:29 Source

Why rooftop solar could be one of the grid's greatest assets but also one of its greatest threats if not properly managed. Here's what AEMO thinks needs to be done.

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Renew Economy Friday, December 8, 2017 - 13:23 Source

Will the interruption of match in New Delhi between India and Sri Lanka by toxic smog finally spur the Indian Government to take coal plant pollution seriously?

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Renew Economy Friday, December 8, 2017 - 13:23 Source

Will the interruption of a New Delhi cricket match by toxic smog finally spur the Indian government to take coal pollution seriously?

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MacroBusiness Friday, December 8, 2017 - 13:20 Source

By Leith van Onselen Today’s housing finance data for October posted another 1.5% fall in the number of new home finance commitments (both construction and new), although commitments were still up by 12.1% over the year: Looking at the state-by-state breakdown, which is presented below on a rolling annual basis since it is not seasonally

The post New home finance down again in October appeared first on MacroBusiness.

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MacroBusiness Friday, December 8, 2017 - 12:50 Source

From Goldman: We estimate that nonfarm payrolls increased 225k in November, above consensus of +195k. In addition to a firm pace of underlying job growth, our forecast reflects some additional normalization in hurricane-affected regions, as well as above-trend retail job growth associated with the early Thanksgiving. The arrival of over 200k Puerto Ricans in Florida may

The post US jobs report preview appeared first on MacroBusiness.

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John Quiggin Friday, December 8, 2017 - 12:50 Source

I’ve just been invited to make a submission to a Senate inquiry into TAFE in South Australia. From what I can glean, this is a politically motivated exercise by the Turnbull government to make capital out of some embarrassing failures in a Labor state. But it gives me the incentive to write something about the catastrophic failure of vocational education and training in Australia, a failure for which there is plenty of blame to go around.

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The Australian Independent Media Network Friday, December 8, 2017 - 12:40 Source

In 1989, Prime Minister Bob Hawke described a “growing consensus amongst scientists” showing there was a strong chance that major climate change was on its way, that this change was linked to human activity, and this could have “major ramifications for human survival” if nothing was done. The next year, Hawke announced his government wanted…

The post If we are to save the planet we need our journalism to get better appeared first on The AIM Network.

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The Australian Independent Media Network Friday, December 8, 2017 - 12:30 Source

“Utopia” … series one “Protected Species” … Hugh: “It’s the environmental report”. Nat: “Is it good news?” Hugh: “No.” Nat: “You’re smiling”. Hugh: “I shouldn’t be.” Funny? … yeah … it catches you out with the diametrically opposed expectation of Hugh smiling at the bad news … but that’s how it was last Wednesday night…

The post For Chrisssake leave them laughing! appeared first on The AIM Network.

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MacroBusiness Friday, December 8, 2017 - 12:30 Source

By Leith van Onselen Hot on the heels of his masterful speech to the Salvation Army setting the framework for Labour’s housing reform agenda, New Zealand’s housing minister, Phil Twyford, has been presented with a damning briefing on the state of the market, which has caused “stark” inequality between young and old. From Stuff.co.nz: The

The post NZ’s new housing minister lashes policy malfeasance appeared first on MacroBusiness.

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Renew Economy Friday, December 8, 2017 - 12:21 Source

Archer Exploration has been granted approval for its Campoona graphite project, north of Cleve on the Eyre Peninsula.

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Your Democracy Friday, December 8, 2017 - 12:11 Source

 

nuances...

Classified and sensitive information is designed to be secret. When it is made public, it is always for a political purpose. That purpose may be to promote a particular political agenda or to build public support for a certain policy position.

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Renew Economy Friday, December 8, 2017 - 12:05 Source

NSW signs deal to buy LGC's from Neon's Dubbo solar farm, and says "this lays the foundation for more renewable energy procurement."

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Renew Economy Friday, December 8, 2017 - 12:05 Source

NSW signs deal to buy LGC's from Neoen's Dubbo solar farm, and says "this lays the foundation for more renewable energy procurement."

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MacroBusiness Friday, December 8, 2017 - 12:03 Source

By Leith van Onselen Today’s housing finance data for October, released by the Australian Bureau of Statistics (ABS), posted a fall in lending to owner-occupiers but an increase in lending to investors. According to the ABS, the total number of owner-occupier finance commitments (excluding refinancings) fell by 0.8% in October in seasonally adjusted terms but

The post First home buyer bribes mask weak housing finance trend appeared first on MacroBusiness.

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Renew Economy Friday, December 8, 2017 - 12:00 Source

Zen Energy gets electricity retailer licence to offer "baseload renewable energy" product and proceed with 1GW solar and storage facility at the Whyalla Steelworks.

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Renew Economy Friday, December 8, 2017 - 12:00 Source

Zen Energy gets electricity retailer licence to offer "baseload renewable energy" product and proceed with 1GW solar and storage facility at the Whyalla Steelworks.

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Renew Economy Friday, December 8, 2017 - 11:55 Source

Gold miner Newcrest decides against solar farm to help power its Cadia mine in NSW, highlighting the challenges for renewable developers.

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MacroBusiness Friday, December 8, 2017 - 11:51 Source

It’s mindlessly head-butting 6000 again anyway. If it doesn’t punch through soon we might have to mull an epic double-top: Big Iron is falling so I’ve dis-aggregated the chart today. BHP has some way to fall before it’s in any trouble: Same for RIO: Not so FMG which is levitating right at the cliff: The

The post ASX lifts on falling Australian dollar appeared first on MacroBusiness.

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politicalowl Friday, December 8, 2017 - 11:34 Source

I Made My Shed the Top Rated Restaurant On TripAdvisor - Vice

TripAdvisor’s top-rated London eatery is an old shed. Its owner posted fake food photos and glowing (false) reviews for The Shed at Dulwich, which never existed.

If Damian Green lied about looking at porn, I don’t blame him one bit - The Spectator

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Poll Bludger Friday, December 8, 2017 - 11:23 Source

An improved result for the Andrews government in Victoria, despite opposition to its stance on the East West Link.

The post Galaxy: 50-50 in Victoria appeared first on The Poll Bludger.

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MacroBusiness Friday, December 8, 2017 - 11:00 Source

Via The Australian: Malcolm Turnbull and top cabinet ministers have been slapped with a stinging rebuke from a former senior colleague over their plan to target “covert” agents who work for foreign ­powers, amid a political storm over Chinese influence in national affairs. Former trade minister Andrew Robb, who masterminded John Howard’s 1996 election victory,

The post Recidivist Robb, the special flower appeared first on MacroBusiness.

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xkcd.com Friday, December 8, 2017 - 11:00 Source

"Oh my God, why did you scotch-tape a bunch of hammers together?" "It's ok! Nothing depends on this wall being destroyed efficiently."

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MacroBusiness Friday, December 8, 2017 - 10:40 Source

By Leith van Onselen Treasurer Scott Morrison has downplayed modelling by the Parliamentary Budget Office (PBO), which suggests that productivity will need to increase in order to ensure that a Budget surplus is sustained. The Federal Government has forecast that it will post surpluses equivalent to 0.3 per cent of GDP from 2020-21, although this

The post Why the projected return to Budget surplus is deluded appeared first on MacroBusiness.

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The Australian Independent Media Network Friday, December 8, 2017 - 10:24 Source

By Christian Marx This week saw the mainstream media tripping over itself to welcome the obnoxious darling of the Fascists, Milo Yianopolous. Even weirder was the welcoming of this miscreant to Parliament House. Grubby indeed. For those unaware of Milo, he is the latest puppet of big business and far-right interests to divide the population…

The post Milo: Puppet for the wealthy 1% appeared first on The AIM Network.

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MacroBusiness Friday, December 8, 2017 - 10:20 Source

Shameless, out-of-touch and delusional: “Many Australians believe neither government nor big business are listening to them,” Origin Energy chief executive Frank Calabria told the annual survey of 52 top chief executives compiled by The Australian Financial Review’s Chanticleer columnists. …Outgoing Commonwealth Bank chief executive, Ian Narev, said business needs to change its message if it is to win

The post Australia’s dodgiest CEOs whine about “trust deficit” appeared first on MacroBusiness.

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Prosper Australia Friday, December 8, 2017 - 10:16 Source

Taxes on wages in Australia were fairly minimal until WWII, since which time they’ve been ratcheted up significantly. Federal taxes before the war consisted mainly of customs and excise charges and the federal land tax, introduced in 1910. The States and municipalities also levied land-based taxes. These played an important part in the development of […]

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MacroBusiness Friday, December 8, 2017 - 10:00 Source

Via Capital Economics:  China’s foreign exchange reserves suggest that capital outflows continued to be a non-issue last month. This has allowed the PBOC to step back from FX intervention which, over the medium term, should be supportive of renminbi appreciation.  The value of the reserves amounted to $3,119bn at the end of November,

The post China gets control of its currency appeared first on MacroBusiness.

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MacroBusiness Friday, December 8, 2017 - 09:40 Source

By Leith van Onselen The Reserve Bank of Australia (RBA) has released a Bulletin Article examining housing accessibility for first home buyers (FHBs), which finds that accessibility is especially poor in the immigration/investor hotspots of Sydney and Melbourne: A common measure of housing affordability is the ratio of mean housing prices to mean household disposable

The post RBA: Affordable housing vanishes in Sydney and Melbourne appeared first on MacroBusiness.

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