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Renew Economy Thursday, May 7, 2015 - 10:07 Source

The sensational low price of the system does not yet have the competition shaking in their boots; not officially, at least.

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Renew Economy Thursday, May 7, 2015 - 10:07 Source

The sensational low price of Tesla's battery system does not yet have the competition shaking in their boots; not officially, at least.

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Cheeseburger Gothic Thursday, May 7, 2015 - 10:04 Source

I'm putting together a feature for a magazine. Yes, I now, I promised never to do that again.... but they backed a truckload of money up to my front dooooor!

Anyway, having spent a couple of days researching it, I suddenyl realised I'd been wasting my time. Or at least not using it well. The best resource I had was here.

Why? Because the topic is the dying tradition of the boy's weekend. The lad's retreat. It's the suspicion of these editors, well founded I suspect, that the tradition of men taking time away from the family is in decline.

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Drag0nista's Blog Thursday, May 7, 2015 - 09:59 Source

To many observers, it was merely a matter of time before Ms Milne acceded to the combined forces of internal pressure from her colleagues and external pressure from critics like those at the Australia Institute, and declared an end to her time…

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MacroBusiness Thursday, May 7, 2015 - 09:44 Source

From the AIG: Australian PCI®– Key Findings for April: •The Ai Group/HIA Australian Performance of Construction Index (Australian PCI®) slipped into contraction in April, declining by 3.1 points to 47.0. •The new orders sub-index shed half of last month’s solid gains and fell back into negative territory, dropping 6.2 points to 44.6. •Construction activity declined

The post Construction PMI back in recession appeared first on MacroBusiness.

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MacroBusiness Thursday, May 7, 2015 - 09:39 Source

Apparently Ken Henry is to succeed Michael Chaney as NAB chairman at the end of this year. I’m a bit torn by this. On the one hand, Henry is a sensible policy-maker with a strong sense of the public good, and may be well placed to help NAB navigate the very difficult times ahead. On

The post Ken Henry joins the oligarchs appeared first on MacroBusiness.

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MacroBusiness Thursday, May 7, 2015 - 09:27 Source

by Chris Becker The last cab off the rank in the banking oligopoly, National Australia Bank (NAB), which routinely has been the worst performer, has surprised the market this morning on two fronts. First, it announced a $5.5 billion capital raising getting ahead of its peers in terms of shoring up a paper thin capital

The post NAB shocks appeared first on MacroBusiness.

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New Matilda Thursday, May 7, 2015 - 09:24 Source

Despite tough regulations which seek to protect threatened flora and fauna, a major new sea port has been built in the Top End with no enviromental oversight.

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Hoyden About Town Thursday, May 7, 2015 - 09:22 Source

Nile holds the balance of power in the NSW Upper House - and has introduced some private member's bills. Fun times ahead!

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Renew Economy Thursday, May 7, 2015 - 09:16 Source

CSIRO installs first solar thermal power with storage plant outside Australia. Facility will use solar to power desalination plant.

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Your Democracy Thursday, May 7, 2015 - 08:54 Source
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MacroBusiness Thursday, May 7, 2015 - 08:39 Source

By Chris Becker As the bond market selloff deepens some surprisingly dour words from Fed Chair Janet Yellen last night sent risk into a tizzy, as she opined that: I would highlight that equity market valuations at this point generally are quite high. Not so high when you compare returns on equity to returns on safe

The post Macro Morning (sell, sell, sell) appeared first on MacroBusiness.

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Popular Science Thursday, May 7, 2015 - 08:08 Source

When humans first learned how to fly, they crashed all the time. The annals of early flight experiments are littered with the bodies of dead test pilots and aviation pioneers. Safety in manned aircraft improved dramatically over the first century of flight, but as more and more unmanned aircraft enter the skies, researchers want to make sure those gains aren't lost. A paper published yesterday in a special issue of the journal Aerospace aims to make sure that when drones crash, they don't hurt bystanders.

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Popular Science Thursday, May 7, 2015 - 08:08 Source

This morning, SpaceX did a test run of its Crew Dragon capsule's abort system. It's a significant protocol the company would use if the module were ever in trouble on the launch pad.

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Popular Science Thursday, May 7, 2015 - 08:08 Source

Virtual reality is about to meet actual reality. Oculus VR, the company behind the long-in-development Oculus Rift, has announced that it will finally begin to ship the virtual reality headset beginning in early 2016.

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Popular Science Thursday, May 7, 2015 - 08:08 Source

In Central Africa, many diseases are caused by parasites that infect people through insect bites or contaminated food or water. Once doctors know that a patient has a particular parasite, many of them are easy to get rid of with antiparasitic drugs. But if a patient is infected with the parasitic eye nematode Loa loa and undergoes antiparasite treatment to get rid of the Onchocerca volvulus worm that causes river blindness, the treatment can cause permanent brain damage or even death.

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Popular Science Thursday, May 7, 2015 - 08:08 Source

Nepal is still reeling from the 7.8 magnitude earthquake that struck near Kathmandu on April 25. The quake has flattened three quarters of the city's buildings and killed at least 7,500 people. Beneath all those collapsed structures, more bodies await discovery--either to be rescued or given a funeral. If it is to be the former, then time is of the essence.

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Popular Science Thursday, May 7, 2015 - 08:08 Source

The global average of carbon dioxide in the air just reached a new high of 400 parts per million (ppm), which is a new low for us humans.

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Popular Science Thursday, May 7, 2015 - 08:08 Source

Last night at the Hoover Dam, the first licensed self-driving truck was unveiled to the world, begging the question: are there Autobots among us?

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Popular Science Thursday, May 7, 2015 - 08:08 Source

Inevitable, really. Earlier this year, Apple's ResearchKit apps brought scientific studies to people's fingertips.

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Popular Science Thursday, May 7, 2015 - 08:08 Source

Now that we've all gotten used to our high-definition video, it's time to take it up a notch. While TV manufacturers have already started rolling out sets that support the new 4K resolution, native 4K content has been in short supply. That may soon change, with Comcast's announcement that it will begin offering a 4K-compatible set-top box later this year.

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MacroBusiness Thursday, May 7, 2015 - 07:31 Source

By Leith van Onselen Residex has released its house and unit price results for March, which revealed 0.95% growth in house values over the month but only 0.18% growth in unit values. Over the year, house values rose by 6.37% nationally, with unit values up by 5.33%: As shown above, Melbourne was the primary driver

The post Residex: Apartment boom is ‘mal-investment’ appeared first on MacroBusiness.

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MacroBusiness Thursday, May 7, 2015 - 07:08 Source

The AFR has a bunch of quotes today suggesting that the RBA is going to reinstate its easing bias today: Alan Oster, the chief economist at NAB, questioned the Reserve Bank’s decision to cut the cash rate while simultaneously dropping the easing bias and highlighting positive signs across the economy. …”If you want to boost confidence, I’m not sure

The post The RBA’s real own goal appeared first on MacroBusiness.

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MacroBusiness Thursday, May 7, 2015 - 07:07 Source

From the AFR, NAB is in a $3 billion rights issue: The equity is expected to bolster NAB’s balance sheet and give new chief executive officer Andrew Thorburn and chief financial officer Craig Drummond optionality as they study a number of potentially significant deals. NAB last raised equity in 2008 when it took $3 billion in an institutional placement

The post NAB raises equity as APRA squeezes appeared first on MacroBusiness.

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Cheeseburger Gothic Thursday, May 7, 2015 - 06:01 Source

Rob Henry sent through this sketch of the Low Queen as she slithers and writhes in his imagination. I always thought she was fatter, but those puckered orifices are exactly right.

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Table Talk: Bob Ellis on Film and Theatre Thursday, May 7, 2015 - 05:21 Source

Labour will win 292 seats in the UK, or thereabouts. The SNP will win 53, the Liberal Democrats 22, UKIP 3, Plaid Cymru 2, Greens 1, Others 10, and…Tories 267. A Labour/Liberal Democrat Coalition, supported in confidence motions by the …

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En Passant Thursday, May 7, 2015 - 05:12 Source

 

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Poll Bludger Thursday, May 7, 2015 - 04:52 Source

The BludgerTrack poll aggregate swings back to Labor this week, following an improved but still below par result from Newspoll, and softer results for them from Morgan and Essential Research. Together with the previous week’s strong result for Labor from ReachTEL washing out of the system, the result is a 0.7% move to the Coalition on two-party preferred and an improvement of three on the seat projection, including one seat each in New South Wales, Victoria and Queensland.

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Poll Bludger Thursday, May 7, 2015 - 04:27 Source

Still remembered two decades on as the electorate of Pauline Hanson, the modern seat of Oxley was created around the satellite city of Ipswich west of Brisbane in 1949, in territory previously accommodated by Moreton (a seat of the same name had covered southern Brisbane until 1934, when it was renamed Griffith).

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MacroBusiness Thursday, May 7, 2015 - 03:04 Source

By Leith van Onselen Yesterday’s tepid retail sales, which disappointed analyst’s expectations, are likely to make a negative contribution to Australia’s March quarter GDP when the national accounts are released early next month. As reported yesterday, monthly sales values registered 0.3% growth in March on a seasonally-adjusted basis, which was below analyst’s expectations of 0.4%

The post Retail sales to detract from March quarter GDP appeared first on MacroBusiness.

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