Blogotariat

Oz Blog News Commentary
John Quiggin Friday, March 20, 2015 - 17:06 Source

My report on the NSW governments proposal to sell (they prefer to say “lease”, but it’s a sale) assets and then undertake a large-scale infrastructure program notionally funded by the proceeds cited the former Secretaries of the NSW and Victorian Treasuries the point that selling income-generating assets does not create a ‘bucket of money’ that can be used to fund non-income-generating infrastructure. I made the claim that regardless of their attitude to privatisation, economists (at least when writing honestly on the subject) would agree with this.

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The Australian Independent Media Network Friday, March 20, 2015 - 16:53 Source

Why did Joe Hockey and Tony Abbott remove all reference to inequality and income and wealth distribution in the Intergenerational Report? Warwick Smith investigates.

A search of the government’s recently released Intergenerational Report for the word “inequality” yields zero results. The same is true for “income distribution” and “wealth distribution”. This is not surprising because conservatives are basically forced by their other beliefs to play down the importance of inequality.

Read more Views: 40
MacroBusiness Friday, March 20, 2015 - 16:29 Source

Chris Weston, Chief Market Strategist at IG Markets Markets have been more sanguine as we enter day two of the new era of Federal Reserve’s data-dependant model. We had the ‘Fed put’ for much of 2012 to 2014, whereby markets would rally on evidence of poor data. Bad news meant good news for equity bulls […]

The post ASX at the close appeared first on MacroBusiness.

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New Matilda Friday, March 20, 2015 - 16:18 Source

In the shadow of the death of a Coalition giant, who quit the party over its treatement of asylum seeker policies, the Government has finally released the Moss review.

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New Matilda Friday, March 20, 2015 - 16:18 Source

In the shadow of the death of a Coalition giant, who quit the party over its treatement of asylum seeker policies, the Government has finally released the Moss review.

Read more Views: 50
MacroBusiness Friday, March 20, 2015 - 16:08 Source

The post APRA to keep MP charges secret appeared first on MacroBusiness.

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Club Troppo Friday, March 20, 2015 - 15:41 Source

Fellow Troppodilians, especially those resident in Canberra, may I commend this production of Black Diggers to you. I saw it last year in Sydney at a packed out matinee (only tickets available) at the Opera House on Australia Day! It was electrifying: great script drawing on extensive historical research with a fine balance between humour and pathos. Great storytelling!

It is on at the Canberra Theatre Centre from Wednesday 25 to Saturday 28 March next week.

Read more Views: 63
The Tally Room Friday, March 20, 2015 - 15:30 Source

Tweed1-2PPTweed is a Nationals seat in the north-eastern corner of NSW, covering Tweed Heads and surrounding areas.

Nationals MP Geoff Provest has held Tweed since 2007 and now holds the seat by a 21.7% margin.

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New Matilda Friday, March 20, 2015 - 15:25 Source

How will Malcolm Fraser be remembered? For his life in politics, or his activism post-political life? Ben Eltham charts the rise and passing of a giant.

Read more Views: 51
Prosper Australia Friday, March 20, 2015 - 15:04 Source

Phil Anderson, author of The Secret Life of Real Estate & Banking, delivered a captivating presentation at Tuesday’s packed Boom or Bust – Where are we in the Cycle? event. About half of the recording was included in this week’s Renegade Economists podcast. Topics covered include negative bond yields, difficulties of attaining credit in the […]

Read more Views: 90
The Australian Independent Media Network Friday, March 20, 2015 - 14:42 Source

Problem gambling is a tragedy that affects the lives of many Australians.  It is a significant factor in mental health problems, marriage breakups, homelessness, domestic violence, suicide and even murder.

Prompted by a nurse’s curiosity over what tipped patients into crisis, a program at The Alfred Hospital found that 17% of suicidal patients seen by the hospital’s emergency department were problem gamblers.

Read more Views: 59
MacroBusiness Friday, March 20, 2015 - 14:40 Source

Cross-posted from Online Opinion: Australians love their property. Whether it be their own place of residence or whether it be their nest egg investment place, Australians love to buy and accumulate property. You don’t have to look too far to see how the property obsession leaches into our culture. No dinner party anywhere can take […]

The post Land tax is simple and equitable appeared first on MacroBusiness.

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MacroBusiness Friday, March 20, 2015 - 14:39 Source

Here they come: AUD: back to the 60s? We now forecast AUD/USD will trade at 0.7000 at the end of 2015. Given the normal trading range in AUD of 10% per quarter, AUD is likely to dip below 0.7000 at some point in 2015. There are five reasons for our lower AUD forecasts. (i) A stronger USD […]

The post CBA cuts Australian dollar forecast into 60s appeared first on MacroBusiness.

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En Passant Friday, March 20, 2015 - 14:24 Source

I am a little older than most of my readers, I suspect. When I was standing outside Parliament House on 11 November 1975 (my 22nd birthday) I didn’t think Malcolm Fraser was a hero. I thought he was a bastard, a ruling class bastard. I still do and not just for riding roughshod over democracy. He then went on to cut health and education spending and tried to smash unions.

Read more Views: 67
MacroBusiness Friday, March 20, 2015 - 14:19 Source

From Citi: The Li Keqiang Index points to a weaker start in the economy – Our augmented index hit a new low since the data history. The drop was largely due to the collapse of railway cargo growth, from -9% yoy in Jan to -26.8% yoy in Feb, or -17.2% yoy in Jan-Feb. Both were […]

The post Li Keqiang index crashes appeared first on MacroBusiness.

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MacroBusiness Friday, March 20, 2015 - 14:14 Source

The post Iron ore miners wait for futures appeared first on MacroBusiness.

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Renew Economy Friday, March 20, 2015 - 14:10 Source

With the turmoil at the national level on renewables just one sorry example, the states should be stepping up on climate action.

Read more Views: 59
Renew Economy Friday, March 20, 2015 - 14:08 Source

Vic Labor says it has reformed 'worst' of former Coalition govt's industry-killing wind farm planning laws, in move it hopes will reboot industry.

Read more Views: 55
Renew Economy Friday, March 20, 2015 - 14:00 Source

Abbott government hopes to strike a deal on renewables target with Senate cross-bench, says that Gray is only ALP official keen on a deal.

Read more Views: 58
MacroBusiness Friday, March 20, 2015 - 14:00 Source

Glenn Stevens spoke this afternoon and offered another pointless paean to confidence. Of particular note was his argument about the fading mining boom: Looking back at the history of such episodes, of which there have been a few over the past century or more, if we come through this terms of trade event with neither a major […]

The post Capt’ Glenn: I beat the boom appeared first on MacroBusiness.

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New Matilda Friday, March 20, 2015 - 13:38 Source

It’s unusual to hear Australian politicians speak up for refugees, but Fraser did it often, especially in his post-politics years, writes Max Chalmers.

Read more Views: 100
Croakey Friday, March 20, 2015 - 13:26 Source

*Updated 22 March with additional responses and reflections Much is being written and broadcast about the life of former Liberal Prime Minister Malcolm Fraser after his death earlier today – which came as a shock for many, despite his...

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MacroBusiness Friday, March 20, 2015 - 13:22 Source

From APRA chairman Wayne Byers today: Sound Lending Practices for Housing When we made our last appearance, we were still contemplating potential actions with respect to emerging risks in the housing market. We have since written to all authorised deposit-taking institutions (or ADIs) encouraging them to maintain sound lending standards, and identified some benchmarks that […]

The post APRA turns bubble manager appeared first on MacroBusiness.

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Renew Economy Friday, March 20, 2015 - 13:12 Source

Graeme Wood joins Simon Hackett as major shareholder in battery storage developer Redflow, hails market-based technology not held back by anti-renewables brigade in Canberra.

Read more Views: 53
The Tally Room Friday, March 20, 2015 - 13:00 Source

Camden1-2PPCamden is a Liberal seat in south-western Sydney, covering Camden, Narellan, Harrington Park, Leppington, Catherine Park and Mount Annan.

Liberal MP Chris Patterson won Camden off Labor in 2011, and holds the seat by a 22.8% margin.

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Read more Views: 46
Renew Economy Friday, March 20, 2015 - 12:58 Source

Huge new wind PPAs for Walmart and Dow Chemicals; IBM commits to source 20% of electricity from wind, hydro, biomass, and solar by 2020.

Read more Views: 46
Renew Economy Friday, March 20, 2015 - 12:56 Source

One of Australia's first, and biggest community-owned solar farms set to be launched in Tathra on NSW south coast. The project's 200 PV panels – arranged to spell the word 'imagine' - will help power the town's treatment facility.

Read more Views: 47
Renew Economy Friday, March 20, 2015 - 12:54 Source

The big question for global energy markets will be how quickly battery storage costs can fall. Will they match the cost reductions of solar PV? Australian-backed battery technology technology group Sunverge says they will, up to three times faster.

Read more Views: 37
Renew Economy Friday, March 20, 2015 - 12:51 Source

Saudi Armco installs its first rooftop PV array on one of its buildings as a pilot project, with much more to come.

Read more Views: 38
Renew Economy Friday, March 20, 2015 - 12:50 Source

Today’s vehicles are overdesigned, underutilized, underloaded, inefficient, polluting, and—thanks to the drivers behind the wheel—dangerous.

Read more Views: 46

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