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MacroBusiness Friday, August 1, 2014 - 10:18 Source

By Leith van Onselen I have previously lamented how Australia’s tax settings discourage entrepreneurs from starting-up new companies and stifles innovation. One of the barriers is Australia’s ludicrous treatment of shares/options received under an employee share scheme, which effectively creates an upfront tax charge where the value often cannot be realised (or shares sold), discouraging […]

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Croakey Friday, August 1, 2014 - 10:15 Source

Elizabeth Elliot writes: If a visit to Christmas Island sounds like fun, think again. A remote tropical island in the Indian Ocean – billed as a birdwatcher’s paradise and a haven for snorkelling – has a dark side. It is “home” to 1102 detainees...

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MacroBusiness Friday, August 1, 2014 - 10:02 Source

From Citi today: Hukou reform details reaffirm positive reform momentum — China’s State  Council released a three-page document regarding China’s hukou reforms,  targeting a uniform hukou registration system and the gradual provision of an equitable public service system. This follow-up to the 30 June Political Bureau  meeting was delivered slightly earlier than our expectation (approx. Sept.), […]

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xkcd.com Friday, August 1, 2014 - 10:00 Source

To motivate it to fire its harpoons hard enough, Rosetta's Philae lander has been programmed to believe it is trying to kill the comet.

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MacroBusiness Friday, August 1, 2014 - 09:55 Source

From the SMH: Australian banks have relied on wholesale finance to bridge a funding gap for the fourth month in a row, as an expansion in lending continues to outstrip deposit growth. …But as lending increases, deposit growth is failing to keep pace, pushing banks to raise more debt from wholesale markets. During the year […]

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Cheeseburger Gothic Friday, August 1, 2014 - 09:34 Source

Dropped into Sydney for a day trip yesterday. A flying visit with back to back meetings so no time to socialise outside of work - although one of the meetings was lunch with my publishers which was pleasantly sociable. We discussed Hooper series plans over lunch at CBD Bistrode where I had the beef rib and fascinating starter called 'scrumpet'. (All the meat from a pig's head scrapped off, marinated for a hundred years, presssed into a brick, crumbed and fried.).

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MacroBusiness Friday, August 1, 2014 - 09:25 Source

The AIG manufacturing PMI is out and don’t blink, we’re above 50:   The internal look OK too: But a deeper look should reassure policy-makers that their hollowing-out campaign is still on track. Only wood and food are expanding: The Australian Industry Group Australian Performance of Manufacturing Index (Australian PMI®) moved into positive territory this month, following […]

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Popular Science Friday, August 1, 2014 - 08:43 Source

At first, it’s a delightful shade of periwinkle blue.  Then, it turns into a lilac purple before settling on a vibrant magenta.

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Popular Science Friday, August 1, 2014 - 08:43 Source

There are not many creatures that can stand up to fire ants, nor their famously painful sting. Besides causing discomfort in mammals like humans (I've been stung, and it doesn't feel great), this venom has potent insect-killing powers, with the ability to knock out many of its ant rivals and other six-legged prey. But the venom is not effective against tawny crazy ants, a new invader spreading in areas of the U.S. Gulf Coast that can outcompete fire ants (Solenopsis invicta).

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Popular Science Friday, August 1, 2014 - 08:43 Source

The Curiosity rover (or Mars Science Laboratory, as NASA wonks call it) has been an immensely successful mission so far. But now NASA is planning the next mission to Mars, and today the agency announced the gadgets that will be riding on a new rover that launches in 2020.

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Popular Science Friday, August 1, 2014 - 08:43 Source

Astronomers have performed yet another checkup on our home galaxy, this time asking it to step on a scale. The Milky Way has a mass equal to 800 billion suns, according to the team of researchers from Europe, Canada and the U.S. The team also found there's a 95 percent chance that the Milky Way is smaller than Andromeda, which is the closest spiral galaxy to our own whorled home, and a sky-watchers' favorite. (You can spot Andromeda with your naked eye.)

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Popular Science Friday, August 1, 2014 - 08:43 Source

Of all the strains of the Ebola virus, the Zaire strain (Zaire ebolavirus) is the deadliest. That's the species now infecting people in Guinea, Sierra Leone and Liberia; in the ongoing outbreak, it's killed more than half of the people who contracted it.

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En Passant Friday, August 1, 2014 - 08:30 Source

I wrote this in 2010 in response to Jeremy Jones’ attack on me for writing the article ‘The Warsaw Ghetto uprising – it is right to resist’ (an article I republished the other day in light of the invasion of Gaza as A lesson from the Warsaw Ghetto – it is right to resist). This slightly edited repost is still relevant today as the Zionists shout anti-Semite at anyone who opposes the Israeli genocide of Palestinians.

John

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Renew Economy Friday, August 1, 2014 - 08:01 Source

AGL Energy downsizes project development team and absorbs it into another department - another sign the outlook for renewable energy in Australia is poor.

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Digitopoly Friday, August 1, 2014 - 07:45 Source

Sometimes Shark Tank is good for a bit of entrepreneurial strategy. Here is a video of Scott Jordan of Scottevest. This is a company that has gone all in on the idea that people want pockets for their gadgets. I love this stuff and have their vest, jacket, pants etc. What was he doing on Shark Tank? If you watch this video from 27 minutes in you’ll see.

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Digitopoly Friday, August 1, 2014 - 07:45 Source

Sometimes Shark Tank is good for a bit of entrepreneurial strategy. Here is a video of Scott Jordan of Scottevest. This is a company that has gone all in on the idea that people want pockets for their gadgets. I love this stuff and have their vest, jacket, pants etc. What was he doing on Shark Tank? If you watch this video from 27 minutes in you’ll see.

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New Matilda Friday, August 1, 2014 - 07:35 Source

Jewish–Israeli scholar Marcelo Svirsky questions the humanity of people celebrating the death and destruction in Gaza.

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Croakey Friday, August 1, 2014 - 07:29 Source

The way we fund and pay for healthcare can have a significant impact on both the equity and the efficiency of our health system. A single, unified funder for all health care is often held up as the ‘holy grail’ of health funding systems...

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New Matilda Friday, August 1, 2014 - 06:54 Source

The Deputy Prime Minister of Turkey believes that women shouldn't laugh in public. Andee Jones, it appears, is unlikely to comply.

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Table Talk: Bob Ellis on Film and Theatre Friday, August 1, 2014 - 06:51 Source

(First published by Independent Australia)

In a film called The Exterminating Angel by Louis Bunuel, a dinner party of intelligent, sophisticated people find themselves unable to leave a particular room. No physical obstruction prohibits them, no armed guards, no electronic barrier. They are fearful, that’s all, inexplicably fearful, of going through that door.

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Global Guerrillas Friday, August 1, 2014 - 06:23 Source

I've been digging deeply into the future of bots and warfare for a booklet I'm putting out.  

The more I dig, the more I believe that bots are more dangerous than  terrorist attacks and global climate change, by a country mile.

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Table Talk: Bob Ellis on Film and Theatre Friday, August 1, 2014 - 06:01 Source

My adjacent piece The Worst Three Hundred Deeds Of The Loathesome Criminal Scott Morrison should have a wider audience. I urge all who agree with me to put it out on Facebook, or whatever it is you do.

He is our wickedest official since Governor Arthur, and should be hunted down, arrested, and, in Abbott’s quaint phrase, ‘brought to justice’.

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Table Talk: Bob Ellis on Film and Theatre Friday, August 1, 2014 - 05:31 Source

Mark Regev is a terrorist; discuss.

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MacroBusiness Friday, August 1, 2014 - 04:52 Source

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MacroBusiness Friday, August 1, 2014 - 04:51 Source

By Leith van Onselen About the only person in federal politics that is willing to stand-up on the issue of housing affordability is new Family First senator, Bob Day. The AFR has revealed that Senator Day is in the process of selling-off his $80 million stake in Homestead Homes and Home Australia – building companies […]

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MacroBusiness Friday, August 1, 2014 - 04:46 Source

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MacroBusiness Friday, August 1, 2014 - 03:56 Source

By Leith van Onselen It seems the Coalition’s draconian internet policy is being driven by Attorney General, George Brandis, with Communications Minister, Malcolm Turnbull, taking a far more measured approach is an interview yesterday on ABC Radio. While Turnbull stated in the interview that Australians should not steal online content, he did also acknowledge that […]

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MacroBusiness Friday, August 1, 2014 - 03:11 Source

From DFAT: The outbreak has prompted Australian embassy staff to defer travel plans to Guinea, Liberia and Sierra Leone. “We recommend Australian travellers do the same,” the Department of Foreign Affairs and Trade said in its latest updated advice. There’s a real risk that Australians travelling in the region could become stranded if the outbreak […]

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MacroBusiness Friday, August 1, 2014 - 01:36 Source

Here are the iron ore charts for July 30, 2014:    Equilibrium persists across markets. The BDI cape is still becalmed. Reuters has texture: Iron ore would need to see aggressive restocking by Chinese mills for the price to break out of its current range, said Graeme Train, analyst at Macquarie Capital Securities in Shanghai. […]

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MacroBusiness Friday, August 1, 2014 - 01:35 Source

Cross-posted from Investing in Chinese Stocks.   Developers and local governments in China are rushing to sell amid a sudden rise in demand as property buying restrictions have been lifted in 30 out of 46 cities. Some sales are indeed jumping in Hangzhou and Wenzhou at the high end of the market, sparking big upticks […]

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