Blogotariat

Oz Blog News Commentary
MacroBusiness Tuesday, April 29, 2014 - 00:25 Source

Cross-posted from The Conversation. The long-awaited White Paper on the A$2.55 billion Emissions Reduction Fund answers some questions about how the Abbott government’s Direct Action climate plan will work. But it looks like the policy will let the relatively few companies that produce the most pollution off the hook. Reassuringly, federal Environment Minister Greg Hunt took pains [...]

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North Coast Voices Tuesday, April 29, 2014 - 00:18 Source

The Sydney Morning Herald 23 April 2014: Bentley protest campRichmond

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North Coast Voices Tuesday, April 29, 2014 - 00:16 Source

On ABC News online on 23 April 2014:NSW Premier Mike Baird says around half of the proposed increase is due to the carbon tax.The Independent Pricing and Regulatory Tribunal (IPART) shows Premier Baird up as a political fairytale purveyor in its April 2014  draft report, where is clearly states that increases in network distribution charges to gas retailers and industry structural changes are the main drivers of cost to consumers increasing.

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MacroBusiness Tuesday, April 29, 2014 - 00:16 Source

Here are the iron ore charts for April 29, 2014: So, not so good. Paper markets were smashed, including rebar futures, which are back at their lows. Physical was hit hard too and the Baltic Dry capesize component fell 2% as well: The news on steel is good with CISA reporting the average aggregate daily crude [...]

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MacroBusiness Tuesday, April 29, 2014 - 00:15 Source

From FTAlphaville today: Banks are selling off their commodity divisions for regulatory reasons but also because commodities are turning out to be less profitable for them than they used to be. On which note, an interesting development has emerged since banks started winding down their commodity divisions in 2013. According to David Bicchetti and Nicolas Maystre, who wrote a [...]

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North Coast Voices Tuesday, April 29, 2014 - 00:15 Source

In The Canberra Times on 24 April 2014 Australian Treasurer and millionaire Joe Hockey is quoted as saying that proposed new co-payment charges; would "encourage moderation in demand for services", noting that "nothing is free - someone always pays" in a discussion of a possible Medicare co-payment fee for GP visits, possible increased PBS prescription charges and increased co-payments for aged care.Yes Mr. Hockey, somebody always pays.

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MacroBusiness Tuesday, April 29, 2014 - 00:12 Source

Cross-posted from Investing in Chinese Stocks: A hot topic in the news today: researchers in China devised a method for quantifying overvaluation in real estate. Among the factors are disposable income, population density, construction costs, mortgage rates and real estate developer investment. (中国30城房价泡沫排行榜 近七成城市超警戒线) I found a link to a 2012 version of the research: 产业经济学系讨论稿系列No.120:中国30个大中城市房地产泡沫:基于预期均衡价格模型分析【高波 [...]

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MacroBusiness Tuesday, April 29, 2014 - 00:10 Source

Here is an FT video summarising the current Ukraine situation and nicely unpacking the geopolitics: This largely captures my own view. The danger in Ukraine is not of Western intervention. It clearly sits within Russia’s sphere of influence in a way that the former Yugosalvia did not. Besides, Yugoslavian conflict was born out of a [...]

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Peter Garcia-Webb Tuesday, April 29, 2014 - 00:06 Source

“I want the world to know that Australia will not shirk its responsibility in this area”. That’s a quote from Australian PM Tony Abbott. Translated it reads: “I want the […]

The post Tony Abbott, MH370, and Shirking Responsibility appeared first on Peter Garcia-Webb.

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MacroBusiness Tuesday, April 29, 2014 - 00:02 Source

Global Macro / Markets: Do ETFs Increase Volatility? – NBER On the intriguing drop in commodity correlation – Financial Times North America: Recovery Has Created Far More Low-Wage Jobs Than Better-Paid Ones – New York Times Canadian, U.S. housing markets defy expectations, price gap hits record – Globe & Mail ’I was right, the housing [...]

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The Australian Independent Media Network Monday, April 28, 2014 - 23:54 Source

Image courtesy of fightback.org.nz

Image courtesy of fightback.org.nz

As a society we prey upon the weak and the vulnerable, writes Michael Topic. How has it come to this?

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Monday, April 28, 2014 - 23:50 Source

Dear Mark,

A woman called Le Marquand on Q&A called me ‘anti-woman’ and said, in front of perhaps two million people, that the best thing to do about me and my vile misogynist opinions is not read me.

Can you or Tony Jones apologise to me publicly for this?

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Monday, April 28, 2014 - 22:42 Source

Can somebody tell me what that woman just said about me on Q&A?

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Antony Green's Election Blog Monday, April 28, 2014 - 19:39 Source

The Joint Standing Committee on Electoral Matters continues its inquiry into possible changes to the Senate's electoral system.

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The Melbourne Urbanist Monday, April 28, 2014 - 19:35 Source

Follow the link to read the latest article by The Urbanist, Can cyclists live with traffic “bingles”? http://blogs.crikey.com.au/theurbanist/2014/04/28/can-cyclists-live-with...

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MacroBusiness Monday, April 28, 2014 - 16:24 Source

Chris Weston, Chief Market Strategist at IG Markets The weekend news flow has been fairly light and although tensions in the Ukraine are still increasing, there hasn’t been too much of a reaction today. The Japanese market is seeing reasonable losses, although there are still earnings due on the close from Panasonic (among others). Part [...]

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Monday, April 28, 2014 - 16:20 Source

This morning I joined Andrew Laming and Breaking Politics host, Chris Hammer, to chat about the latest federal budget speculation – a ‘deficit levy’ – a new Abbott Government tax that if introduced would represent another broken promise.

E&OE TRANSCRIPT

TELEVISION INTERVIEW
BREAKING POLITICS – FAIRFAX MEDIA
MONDAY, 28 APRIL 2014

SUBJECT/S:  Flagged income tax levy;  Unfair PPL Scheme; Grattan Institute Superannuation Report

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Monday, April 28, 2014 - 16:04 Source

Tracks, a great film, opens in America this week and will do well there, or not; it did not do well here. Half the reason, I think, was the drab deciduous title (why not Camel Lady? Getting There? Davidson? Journeys? Travelling West?) and a quarter of it was the trailer (romcom, with dromedaries) and the rest of it the soggy unchanging pitch (vonts to be alone, does she? big deal). Even I delayed seeing it for weeks, and I now pronounce it one of Australia’s top ten films. The others are Samson and Delilah, Breaker Morant, The Year My Voice Broke, Snowtown, Beneath Hill 60 …

(Continued on Ellis Gold, tomorrow morning)

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Monday, April 28, 2014 - 15:08 Source

There will be reviews of Tracks and Hannah Arendt on Ellis Gold as soon as I am apprised of how to put them up. I also intend a meditation on Mad Men and Breaking Bad and what they tell us …

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Delimiter Monday, April 28, 2014 - 15:04 Source

Technology research and advisory firm Gartner has appointed former whole of Federal Government chief information officer Glenn Archer to the role of research vice president in its public sector research group, several months after the executive resigned from his post in early February.

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MacroBusiness Monday, April 28, 2014 - 15:00 Source

From the AFR: Coal baron Nathan Tinkler and Harry Triguboff of Meriton and tens of other property developers are alleged to have been involved in a “systematic subversion of NSW electoral funding laws” via Liberal Party slush funds. Geoffrey Watson, SC, counsel assisting, told an Independent Commission Against Corruption inquiry on Monday that the scheme [...]

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MacroBusiness Monday, April 28, 2014 - 14:56 Source

From Reuters: Chinese iron ore futures dived nearly 5 percent on Monday as investors are worried that domestic banks could further cut credit lines to the sector to minimize default risks amid a slowing economy. Chinese banks have cut loans to the capital-intensive steel industry including iron ore traders due to concerns over their inability [...]

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Delimiter Monday, April 28, 2014 - 13:57 Source

Uber's new 'ride-sharing' service has caused an uproar in Australia's tightly controlled taxi industry. However, the truth is that this innovative offering is just the tip of the iceberg for a whole raft of 'person to person' services shortly to launch in Australia, collectively known as the emerging 'sharing economy'.

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The Australian Independent Media Network Monday, April 28, 2014 - 13:49 Source

PalmerThe first Joe Hockey budget is about to be presented to parliament and to the people. There has been plenty of speculation about cuts to pensions and introducing Medicare co-payments, but it would still take a brave journalist to try and pre-empt what it will really contain.

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MacroBusiness Monday, April 28, 2014 - 13:47 Source

The IMF is out with its regional report on Asian economies and it included an examination of the efficacy of macroprudential tools in Asia. It finds attempts to offset capital flows were pretty useless but on housing it worked well: Macroprudential instruments have been used more extensively in Asia than in other regions. This has [...]

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MacroBusiness Monday, April 28, 2014 - 13:30 Source

By Leith van Onselen Professor Paul Cheshire from the London School of Economics has produced a new report slamming UK planning policy, which has dramatically forced-up urban land prices, especially in the South East, and disproportionately harmed the poor. From The Guardian: …restrictive planning laws have turned houses in the south-east into valuable assets in [...]

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Delimiter Monday, April 28, 2014 - 13:24 Source

The Federal Department of Health has moved to block the public release of a report reviewing the troubled Personally Controlled Electronic Health Records project, stating that there are not sufficient public interest reasons for the report to be released, despite the fact that Health Minister Peter Dutton has stated the document contains “a comprehensive plan for the future of electronic health records in Australia”.

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MacroBusiness Monday, April 28, 2014 - 13:14 Source

Cross-posted from The Conversation As a tough federal budget round looms, there has been suggestions that the pension eligibility age could rise to 70, indexation of pensions could be changed, Family Tax Benefit Part B could be more tightly income-tested and eligibility for Disability Support Pension for younger recipients could be reviewed. While some of [...]

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Delimiter Monday, April 28, 2014 - 12:57 Source

National telecommunications company M2 this morning revealed it had plans to make another 150 positions redundant, just five months after culling 100 staff from its operations.

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Monday, April 28, 2014 - 12:30 Source

New modelling shows carbon removal technology will be vital if we are to stay under two degrees warming. The good news? Australia can build the technology we need, writes Kristina Stefanova

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