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Oz Blog News Commentary
MacroBusiness Monday, October 16, 2017 - 14:10 Source

By Leith van Onselen The Obesity Policy Coalition has called for mandatory reformulation of sugary beverages following new modelling showing that at least 155,000 premature deaths would be averted if beverage makers slashed the energy content of their sugary drinks by 30%. From The Canberra Times: “The results are a clear demonstration of the harm

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Renew Economy Monday, October 16, 2017 - 14:10 Source

In the wake of this year's Bridgestone World Solar Challenge, the global race to bring solar PV integrated EVs to market is hotting up. And Australia is a key contender.

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Renew Economy Monday, October 16, 2017 - 14:07 Source

New study highlights billions of dollars saved through rooftop solar installations, as ACCC defends manipulation of markets by major generators as "rational behaviour", says nothing can be done about "gold plating" of networks, and argues against measures to encourage more renewables.

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Renew Economy Monday, October 16, 2017 - 14:07 Source

New study highlights billions of dollars saved through rooftop solar installations, as ACCC defends manipulation of markets by major generators as "rational behaviour", says nothing can be done about "gold plating" of networks, and argues against measures to encourage more renewables.

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Renew Economy Monday, October 16, 2017 - 13:54 Source

Yates, Corbell team up to create new renewable energy investment fund that will write contracts and tap into huge pipeline of wind, solar, storage projects.

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The Australian Independent Media Network Monday, October 16, 2017 - 13:30 Source

Ahh! … Yes … I can see that you are all a tad jaded and tuckered out with the political shenanigans. I tell you what … sit back and relax and I’ll tell you a story. It is constructed from two events: one, when a friend told me of finding a very old woomera in…

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MacroBusiness Monday, October 16, 2017 - 13:15 Source

From Roy Morgan Research: It’s Official: Overall some 8% (345,000) of mortgage holders in Australia in the year to August 2017 have been identified as having little or no real equity in their home, an increase from 7.1% twelve months ago. This is based on the fact that the value of their home is only

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MacroBusiness Monday, October 16, 2017 - 12:52 Source

By Leith van Onselen The Australian Bureau of Statistics (ABS) has released visitor arrivals and departures data for the month of August, which registered another lift in annual permanent and long-term arrivals, which remains at turbo-charged levels. In the year to August 2017, there were 777,430 permanent and long-term arrivals into Australia – up 6%

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En Passant Monday, October 16, 2017 - 12:44 Source


(Screen shot via YouTube)

 

Old white men dominate our news, our economy, our politics and our lives. Harvey Weinstein is but the latest example of rich white male ruling-class overlordship. Me in Independent Australia today.

Weinstein exercised his power in society to prey on women. He could only do so – and go unchallenged for decades – because of his position as the boss.

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MacroBusiness Monday, October 16, 2017 - 12:41 Source

By Leith van Onselen The Turnbull Government and the Business Council of Australia (BCA) will today step-up their efforts to cut Australia’s corporate tax rate from 30% to 25% for all companies. From The AFR: Big business will step up its campaign to extend corporate tax cuts to all businesses this week with a campaign

The post Coalition, BCA to ramp-up company tax cut lobbying appeared first on MacroBusiness.

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MacroBusiness Monday, October 16, 2017 - 12:17 Source

Dalian has opened down sharply from overnight gains: RIO has ripped to break out highs: Some of it can be explained by this, from Bloomie: RIO’s 62% ore is holding up bit better than 58%. Even so, rallying so hard into the current array of China risks – including an epic five month Winter shutdown

The post RIO rips as China shuts down appeared first on MacroBusiness.

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North Coast Voices Monday, October 16, 2017 - 12:16 Source
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MacroBusiness Monday, October 16, 2017 - 12:01 Source

By Leith van Onselen Australia’s speculator frenzy has begun to moderate, according to today’s Lending Finance data for August, released by the ABS. As shown below, the annual value of investor loans in New South Wales (read Sydney) has flattened out, whereas Victoria (read Melbourne) – the second hottest market – continues to rise slowly. By

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MacroBusiness Monday, October 16, 2017 - 11:32 Source

Did the weird just turn super boring? A group of fintech start-ups have submitted cases to the Reserve Bank of Australia and the federal Treasury to demonstrate the need for a new government-endorsed Australian dollar cryptocurrency. “The Digital Australian Dollar would be a huge step to grow our vibrant blockchain and digital currencies industry,” said FinTech

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MacroBusiness Monday, October 16, 2017 - 11:15 Source

Via Goldman: Interview with David Shambaugh David Shambaugh is Gaston Sigur Professor of Asian Studies, Political Science and International Affairs, and the founding director of the China Policy Program at the George Washington University. In addition to his work in academia, he has served on the staff of the US National Security Council East Asia

The post What to expect from China post-Congress appeared first on MacroBusiness.

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The Australian Independent Media Network Monday, October 16, 2017 - 11:11 Source

By John Haly The War on Drugs, like the ones on terror, waste, poverty, and crime, are metaphors for institutional failures to address fundamental problems in our society. Aside from the fact that it is never clear when any of these “wars” will be over, it is also the rhetoric of a political failure to…

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xkcd.com Monday, October 16, 2017 - 11:00 Source

Our experts have characterized the ecological impact of this trend as "adorable."

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MacroBusiness Monday, October 16, 2017 - 10:50 Source

By Leith van Onselen After downgrading Australia’s growth outlook last week, the International Monetary Fund (IMF) has turned its sights to Australia’s huge pile of debt and the nation’s vulnerability to “risk premium shocks”. From The Australian: Debts have risen faster over the past decade in Australia than in most other G20 nations, leading the

The post IMF warns on Australia’s rapidly growing debt appeared first on MacroBusiness.

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Inside Story Monday, October 16, 2017 - 10:39 Source

Last week Radio National’s Background Briefing aired the extraordinary allegation that the seventy-seven alleged Chinese criminals deported from Fiji in August were mainly teenage girls brought to the Pacific as sex workers. All the evidence suggests that the arrests were designed to reassure a domestic Chinese audience rather than serve the interests of justice.

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Renew Economy Monday, October 16, 2017 - 10:27 Source

Given the safety risks and a huge number of other problems that need to be repaired and managed, it is no wonder that AGL is keen to shut down Liddell.

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MacroBusiness Monday, October 16, 2017 - 10:19 Source

By Leith van Onselen Domainfax’s Peter Martin and Michael Koziol have penned a misleading article claiming, entitled “An inconvenient truth: you’re paying less for your mortgage now than a decade ago”, that tries to argue that housing affordability for those wishing to own their home (as opposed to renting) has improved, according to the ABS’

The post No Domainfax, home ownership has not gotten more affordable appeared first on MacroBusiness.

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Renew Economy Monday, October 16, 2017 - 10:14 Source

Formation of new government in Berlin will have important implications for future of the Energiewende, but much has been achieved already.

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MacroBusiness Monday, October 16, 2017 - 10:11 Source

It’s not much a Spring for mortgages, nor listings: The Sydney mortgage belt continues to lead auction clearances lower: Not much of a Chinese bid in Ryde, either. Sydney going nowhere on these numbers. Full report.  

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Renew Economy Monday, October 16, 2017 - 10:11 Source

Paris to limit the number of cars powered by internal combustion engines on its streets and eventually move beyond polluting cars.

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MacroBusiness Monday, October 16, 2017 - 09:49 Source

Interesting stuff as the Real Estate Treasurer continues his bubble-defence world tour: When Treasurer Scott Morrison met Goldman Sachs chief executive Lloyd Blankfein in New York late last week, the Wall Street banker was baffled. Blankfein was searching for answers. Why, at a time when most economies were generally performing reasonably, had politics become so

The post What is the Real Estate Treasurer doing in New York? appeared first on MacroBusiness.

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The Melbourne Urbanist Monday, October 16, 2017 - 09:18 Source

Tw3 provides a brief commentary on stories in the news over the week ending 15 October 2017 bearing on the delights and discontents of urbanism. In this week’s Tw3 The Urbanist comments on: ‘It was always going to happen’: Sydney’s disappearing freestanding homes Old and in the way: Built in 1882, wreckers to level ‘beautiful’ building […]

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MacroBusiness Monday, October 16, 2017 - 09:15 Source

From Bill Evans, following up last week’s Consumer Sentiment Index: This week we saw a strong lift in the Consumer Sentiment Index. The Westpac Melbourne Institute Index of Consumer Sentiment rose 3.6% to 101.4 in October from 97.9 in September. It is the first time since November last year that optimists have outnumbered pessimists and

The post The dark side of consumer sentiment appeared first on MacroBusiness.

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MacroBusiness Monday, October 16, 2017 - 09:00 Source

By Chris Becker  Until Friday night there were next to no economic catalysts in the form of news or releases to get worried about, so risk markets were in “steady as she goes” mode, for the most part. The USD was broadly weaker before pre-empting Friday night’s September CPI print in the US and then snapped

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Your Democracy Monday, October 16, 2017 - 08:39 Source

sugarsugar

Before Madame Bovary and Lady Chatterley’s Lover, there were the Memoirs of a Lady of Quality. These “memoirs” by Frances, the Viscountess, Vane, published in 1751, were somewhat hidden inside one of Tobias Smollett’s novels The Adventures of Peregrine Pickle... In her “memoirs” the Viscountess thoroughly mocked contemporary social and moral conventions. 

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Inside Story Monday, October 16, 2017 - 08:21 Source

For once Donald Trump appears to have been as good as his word, acting to bring into question the continued US commitment to the Iran nuclear deal. In a press briefing, ominously on Friday 13 October, Trump declared that “based on the factual record” he could not and would not certify, as required by US legislation, that the lifting of US sanctions on Iran was “appropriate and proportionate.” The lifting of the sanctions is part of the 2015 Joint Comprehensive Plan of Action, or JCPOA, to contain Iran’s nuclear program.

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