Blogotariat

Politics is so weird these days (from The Australian): Under the deal announced last night, One Nation would support the abolition of the two-out-of-three and reach rules in return for the government agreeing to legislate a requirement for the ABC and SBS to be balanced and to publish the wages of highly paid ABC staff.

The post Announcing Fox News (ABC edition) appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

I was in the shed when the insistent tapping began on the shed wall, like a woodpecker on a tree only chicken on metal. It was one of the browns. She cocked an eye and looked at me.

By Leith van Onselen The Australian Bureau of Statistics (ABS) has just released its Wage Price Index for the June quarter of 2017, which revealed a continuation of weak wages growth across the economy, with annual wages growing at the lowest rate in the series’ 20 year history: According to the ABS, wages grew by

The post Record low wages growth shatters Budget forecast appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

The gas cartel is in full swing this week. We had the Santos write down yesterday. Today Origin, as it’s white elephant hoses another $3.1bn into the sea: But who cares when your artificial gas shortage throws up electricity profits growth like this: Recalling that gas sets the price of electricity in the National Electricity

The post Gas cartel hoses your money into the sea appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

From Westpac: • The six month annualised growth rate in the WestpacMelbourne Institute Leading Index, which indicates the likely pace of economic activity relative to trend three to nine months into the future, rose from –0.54% in June to –0.10% in July. Despite the improvement in the growth rate it remains negative for a second

The post Leading index remains below trend appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Thanks to McGrathmaggeddon we know exactly what to look for in over-inflated and poorly timed exit strategy IPO. Fairfax today announced something a little similar. It’s full year result was ordinary with falling revenue but costs falling eve faster to deliver a rebounding net profit after big losses the year before: Needless to say, shrinking

The post Fairfax readies Domainmaggeddon appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

The 2015 Queensland election was very close, with neither party winning a majority of seats. Labor is estimated to hold 48 seats, while the LNP holds 42 seats. There are two Katter’s Australian Party seat, and one independent seat. 47 seats are needed for a majority.

Recent polling has been very close, with both Labor and LNP winning polls. This suggests that either side has the potential to gain seats, and lose other seats. In addition there are numerous seats where other parties could be a factor: independents, the Greens, One Nation and Katter’s Australian Party.

Labor-LNP marginals

By Leith van Onselen The Coalition’s staunch defence of negative gearing is looking sillier by the day, with a new survey of 13,000 people by the think tank The Australian Institute for Progress revealing that most people believe that negative gearing reform holds the key to housing affordability. From The AFR: Of all respondents 24

The post Property lobby has lost the argument on negative gearing appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

I am not very interested in Dominoes as a business per se. But I am interested in it as an exemplar of the wage…ahem…massaging business models that have taken hold in Australia’s service sectors. Adele Ferguson is clear today: Since it listed on the ASX in 2005 at $2.20, Domino’s shares surged more than 2500

The post The Dominoes warning appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Many priests are presently defending the sanctity and secrecy of confession. And this is fair enough. But there is a difference: many sins are not even catalogued as crimes in the penal code. Take the deadly sin of "gluttony" for example. It even does not rate a mention at a Jenny Craig Clinic.

read more

DXY poured it on last night: Whether that is a double bottom I know not but the post-2014 support level has held. AUD was weak against USD and EUR: But strong against other EMs: Gold got hosed: Brent held: Base metals were mixed: Big miners weak: EM stocks held on: EM high yield looks to

The post Australian dollar hosed as US growth rebounds appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Desperation has seized both the Government and Paul Kelly: Malcolm Turnbull is a prime minister prepared to “do and say anything to try to cling to power” — this is the lethal hyperbole from Labor’s Tony Burke in his assault on the government over the Barnaby Joyce crisis, his purpose being to destroy the Prime

The post Turnbull hangs himself from Baaaaanabygate appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Wednesday 16 August 2017 When the headlines are screaming words of condemnation over citizenship and marriage equality one is apt to put aside other issues. One such topic is the treatment of asylum seekers and the secrecy that has surrounded their treatment. At this time last year I wrote the following (below). It concerns the…

The post Day to Day Politics: The politics of dirty Dutton. appeared first on The AIM Network.