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MacroBusiness Thursday, March 29, 2018 - 09:00 Source

By Leith van Onselen The Conversation yesterday published a ripper series of charts on Australia’s private health insurance system, which illustrates the strong inflation in premiums that has taken place over the past 15-plus years. For mine, the key charts are below, namely the annual percentage increase since 2000: Premium rises relative to wages growth:

The post Is private health insurance rebate corporate welfare in disguise? appeared first on MacroBusiness.

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MacroBusiness Thursday, March 29, 2018 - 08:35 Source

By Chris Becker The poor showing in Asia did not translate into further falls in Europe, but the slump in Tesla stock and other techs pulled Wall Street down last night, slightly moving the risk edifice into correction territory. The USD launched into new heights against the majors and slamming gold while the huge auctions

The post Macro Morning appeared first on MacroBusiness.

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MacroBusiness Thursday, March 29, 2018 - 08:00 Source

DXY took off last night: AUD sank: But did better against EMs: Gold was bashed: Oil fell: Base metals held on: Big miners let go: EM stocks too: Junk was OK: The Treasury curve collapsed: And bund curve: Stocks eased a touch: Not much in news to report. Macquarie’s Viktor Schvets is back with more

The post How will Australia cope with the collapse of globalisation? appeared first on MacroBusiness.

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MacroBusiness Thursday, March 29, 2018 - 06:02 Source

The Australian dollar broke support last night and headed into the mid-76ers: The key up trend line is still about one cent lower. That’s providing succor to some rusted-on bulls, via Kit Jukes at Societe General: In both Asia in February, and in Spain last week, I have been taken to task for expecting the

The post Australian dollar breaks support appeared first on MacroBusiness.

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The Australian Independent Media Network Thursday, March 29, 2018 - 06:00 Source

Thursday, March 29, 2018 Author’s note: On March 21, I posted a piece under the heading “Can you help me please”. I was seeking comments on 21 ways in which Labor could create a better society in order to write an essay. I received a response from a person who goes by the name of…

The post Day to Day Politics: A most enlightened read. appeared first on The AIM Network.

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MacroBusiness Thursday, March 29, 2018 - 05:23 Source

Media responses to the exceptional efforts of Senator Tim Storer are in a paint a gloomy picture for Australia. The Loon Pond has immediately begun to dog for dirt: The Australian can reveal Senator Storer is a former Labor Party member, having joined the ALP in NSW in 1996 after returning from working in Asia. Senator

The post How one honest man pulled the plug on Canberra swamp appeared first on MacroBusiness.

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The Global Mail - Syndicated Stories Thursday, March 29, 2018 - 04:40 Source

Internet giants, Google, Facebook, and Twitter will soon be fighting off a lawsuit regarding their banning of cryptocurrency ads on their platforms, according to local Russian news outlet TASS. The class action lawsuit is being brought on by cryptocurrency and […]

The post Google, Facebook, and Twitter to be sued for banning cryptocurrency ads appeared first on The Global Mail.

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The Global Mail - Syndicated Stories Thursday, March 29, 2018 - 02:20 Source

After the cryptocurrency market’s meteoric growth in late 2017, it is clear that the asset class has come under increased scrutiny by lawmakers around the world. Aspects of taxation, value transferability and legality are all issues that need to be […]

The post Navigating recent cryptocurrency and blockchain regulations appeared first on The Global Mail.

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The Global Mail - Syndicated Stories Thursday, March 29, 2018 - 02:01 Source

Siacoin is one of the best performing cryptocurrencies by market value and is on the list of the most sought-after tokens. In view of the inherent value of Siacoin as an enabler of decentralized storage across the globe, it is […]

The post How to buy Siacoins appeared first on The Global Mail.

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MacroBusiness Thursday, March 29, 2018 - 00:20 Source

By Leith van Onselen MB has noted many times the various blunders made by former Treasurer, Peter Costello, which have worsened the long-term sustainability of the Budget, in addition to reducing equity. These include: Freezing fuel excise indexation in 2001 (costing more than $5 billion annually today); Greatly loosening the assets test to qualify for

The post Costello’s Budget vandalism is proving hard to repair appeared first on MacroBusiness.

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MacroBusiness Thursday, March 29, 2018 - 00:20 Source

Via Damien Boey at Credit Suisse: Markets chasing the wrong headlines Over the past few days, investors have been closely monitoring trade tensions between the US and China. The most recent innovation came overnight, with the US planning emergency curbs on Chinese investments. But we think that the market is dismissing emerging USD liquidity issues

The post Interbank costs still rising appeared first on MacroBusiness.

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North Coast Voices Thursday, March 29, 2018 - 00:16 Source

Australian Prime Minister Malcolm Bligh Turnbullstill continues (as late as Wednesday 28 March 2018) to deny any part in the Barnaby Joyce scandal…..The Sydney Morning Herald, 28 March 2018: A key adviser to Prime Minister Malcolm Turnbull helped to formalise a job transfer for the partner of Barnaby Joyce, according to new details about the controversial decision to secure the new position in a ministerial office.The letter from Mr Turnbull’s senior governance adviser was signed on May 9 last year and gave

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MacroBusiness Thursday, March 29, 2018 - 00:15 Source

Via the AFR: Australian Prudential Regulatory Authority chairman Wayne Byres withstood an aggressive line of questioning from the House Economics Committee on Wednesday saying there was little evidence of a lending free-for-all and rejected claims the regulator was unable to keep the the banks in line. After more than an hour of questioning of about revelations of lax

The post At RC, APRA says it has banking ‘under control’ appeared first on MacroBusiness.

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politicalowl Thursday, March 29, 2018 - 00:15 Source


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North Coast Voices Thursday, March 29, 2018 - 00:15 Source

In September 2017 the Nursing and Midwifery Board of Australia (NMBA) published the new Code of Conduct for Nurses and Code of Conduct for Midwives.

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MacroBusiness Thursday, March 29, 2018 - 00:06 Source

Via the AFR: Victoria will experience significant gas shortages within three years unless additional supply is brought online, which could have flow-on effects for the whole National Electricity Market, according to a new report by the Australian Energy Market Operator. The report – which mirrors similar concerns about NSW’s gas supplies and prompted Prime Minister Malcolm

The post AEMO: Gas shortage not fixed appeared first on MacroBusiness.

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MacroBusiness Thursday, March 29, 2018 - 00:05 Source

Iron ore price charts for March 28, 2018: Tianjin benchmark fell 40 cents to $63.05. Paper was stable overnight. Coking coal is catching down. Steel bounced a little. This is not over by a long shot. May is the weakest month on the iron ore calendar. June is almost as bad as mills destock into

The post Daily iron ore price update (much lower yet) appeared first on MacroBusiness.

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MacroBusiness Thursday, March 29, 2018 - 00:04 Source

Via Gordon Johnston at Vertical Research: … in 2017 this number was +CNY667bn, in 2016 this number was +CNY2.4tn, in 2015 this number was +CNY739bn, in 2014 this number was +CNY157bn, and in 2013 this number was -CNY622bn. Stated differently, this is the weakest start to the year since 2013 for (Jan. + Feb.). The

The post China signals more credit tightening appeared first on MacroBusiness.

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MacroBusiness Thursday, March 29, 2018 - 00:01 Source

Global Macro / Markets / Investing: FANG Stocks Tumble 6% in Unprecedented Selloff – Bloomberg Goldman Sachs computer model warns bear market is near but the firm’s analysts don’t believe it – CNBC Wall Street rethinks blockchain projects as euphoria meets reality – Reuters Lawmakers Don’t Understand How Stock Buybacks Work – Bloomberg Libor’s Rise

The post Links 29 March 2018 appeared first on MacroBusiness.

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The Australian Independent Media Network Wednesday, March 28, 2018 - 22:43 Source

Resources Minister Senator Matt Canavan addressed the National Press Club today. When asked by David Denham from Preview Magazine if declining trends in exploration and production in the petroleum industry should make us more inclined to encourage things like electric cars and renewable energy more broadly to fill the gap, Senator Canavan gave this amazing…

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En Passant Wednesday, March 28, 2018 - 21:39 Source

Sophie Longden at ABC Radio South East NSW interviewed me for 15 minutes about my poetry book launch. Plus a lot of politics and two poetry readings.

 

The book launch will be on 30 March at 4.30 pm in The Terrace at the National Folk Festival.

 

Sophie will be playing the interview in full on Thursday 29 March between 10 am and 10.30 am

 

The live stream link for ABC South East – so you can listen on-line at that time and/or direct your friends to that link – is here

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Harrangue Man Wednesday, March 28, 2018 - 18:48 Source

I am always in pain; it's the severity that's the issue. But I bear it because I have no choice. It was inflicted on me by someone who should have known better. My son knows I have a body that's not sound. Because I am scared my rotteness passed on to him. But no, mine was gestational and not genetic so he will be okay.He knows I'm in pain. He knows severity is the issue.

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MacroBusiness Wednesday, March 28, 2018 - 17:31 Source

Asian shares reliably reacted negatively to the late overnight activity after the new Trump threats to  China trade with a big impact on tech stocks. The race to safe havens saw USD rise against the majors, even Yen although that was related to positive news coming out of North Korea. The Shanghai Composite closed 1.4% lower to

The post Macro Afternoon appeared first on MacroBusiness.

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Popular Science Wednesday, March 28, 2018 - 17:24 Source

It sounds like a gimmick, but each one actually plays a specific role

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Renew Economy Wednesday, March 28, 2018 - 15:14 Source

Resources minister Matt Canavan says Australian coal will lift the third world out of poverty; empower First Australians; cut carbon emissions; and catch mice. Let's get digging!

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MacroBusiness Wednesday, March 28, 2018 - 14:31 Source

Oh dear… The Govt just shut down debate on the BCA’s company tax letter. The draft has now been leaked. In the draft there was a commitment to create jobs – deleted in final, a commitment to increase wages – also deleted , and they deleted a commitment to pay tax!#auspol pic.twitter.com/zKi8Ehi4jx — Tony Burke

The post Dodgy BCA secret tax cut letter released appeared first on MacroBusiness.

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MacroBusiness Wednesday, March 28, 2018 - 14:15 Source

Senator Tim Storer has blocked Do-n0thing Malcolm’s  corporate tax cut. Here’s why in his own words: “I wish to thank Senator Cormann and his staff for their respectful, patient and courteous dealings with me over the last month in my commencement as a senator. “As an independent senator from South Australia, it is my intention

The post Senator Tim Storer for PM? appeared first on MacroBusiness.

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MacroBusiness Wednesday, March 28, 2018 - 14:00 Source

By Leith van Onselen A Newspoll survey has revealed that the majority of Australians (51%) view the Aged Pension as a welfare safety net, not an entitlement that is earned after paying a lifetime’s tax. From The Australian: Newspoll found 51 per cent of voters believe everyone should do their best to save for retirement

The post Voters right to view pension as welfare, not an entitlement appeared first on MacroBusiness.

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Renew Economy Wednesday, March 28, 2018 - 13:44 Source

More heartache for Australian EV enthusiasts, after Tesla CEO Elon Musk hinted at further delays on arrival of "mass market" Model 3 electric vehicle.

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Renew Economy Wednesday, March 28, 2018 - 13:39 Source

This summer, the RERT and demand response enabled Victoria and South Australia to survive without any major blackouts.

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