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MacroBusiness Wednesday, March 26, 2014 - 13:35 Source

Cheap shot, Phil Baker: Mention the Australian dollar on a currency trading desk right now and someone might say: Can’t kill it with an axe. Despite a range of reasons to sell the local dollar it looks like it’s on its way to US92¢. At the beginning of the year, Bloomberg asked almost 50 strategists [...]

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MacroBusiness Wednesday, March 26, 2014 - 13:25 Source

We recently seen that Australian bank regulators are discussing the macroprudential policies that we need. From the RBA minutes: Lending to housing investors had been increasing for some time in New South Wales, and over the past six months it had also picked up in some other states. While such a pick-up would be unhelpful [...]

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Wednesday, March 26, 2014 - 13:14 Source

Federal Labor will support the triple indexation of military superannuation pensions. Here’s the media release issued today by the Shadow Minister for Veterans’ Affairs, Don Farrell:

SENATOR DON FARRELL

SHADOW MINISTER FOR VETERANS’ AFFAIRS
SHADOW MINISTER FOR THE CENTENARY OF ANZAC
SENATOR FOR SOUTH AUSTRALIA

MEDIA RELEASE

LABOR SUPPORTS TRIPLE INDEXATION OF MILITARY SUPERANNUATION PENSIONS BILL

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MacroBusiness Wednesday, March 26, 2014 - 12:50 Source

By Leith van Onselen The Reserve Bank of Australia (RBA) has today released its half-year Financial Stability Review (FSR), which suggests the RBA is fairly relaxed about the pick-up in house price appreciation and the strong growth in investor lending, but cautions that the situation could deteriorate: The continued low interest rate environment, together with [...]

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WixxyLeaks Wednesday, March 26, 2014 - 12:44 Source

The word on everybody’s lips at the moment is corruption.

The corruption scandal involving the likes of Eddie Obeid, Joe Tripodi, Tony Kelly, and Ian MacDonald was an anchor wrapped around the ankles of the NSW Labor Party during the last state election campaign, and it also helped pull down the last Federal Election campaign under its enormous weight.

The Labor Party was punished for the wrongdoings of a few, and rightly so as well.

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Wednesday, March 26, 2014 - 12:41 Source

Four months of processing, a state lawyer and a living allowance - with citizenship in five years. Swedish migration boss Mikael Ribbenvik spoke to Trevor Grant about their approach to refugees

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Wednesday, March 26, 2014 - 12:31 Source

In a surprise move yesterday, Prime Minister Tony Abbott revived Australian peerage, such as it is, after a lapse of almost thirty…

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MacroBusiness Wednesday, March 26, 2014 - 12:26 Source

Australia’s preternaturally bullish commodity forecaster is back with its quarterly rice review and, guess what, it’s dramatically cut prices for this year and next. In December it said: For 2013 as a whole, spot prices are expected to average around US$126 a tonne (see Figure 1). In 2014, spot prices are forecast to moderate to [...]

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Delimiter Wednesday, March 26, 2014 - 12:19 Source

Taiwanese consumer electronics giant HTC this morning revealed its latest flagship Android handset, the HTC One (M8) will be available in Australia from 1 April through all three of the nation's major mobile carriers, with a bevy of enhancements to the popular model. But will the company's latest phone be able to take on the Apple and Samsung juggernauts?

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Wednesday, March 26, 2014 - 12:12 Source

An Israeli legal group will have to prove it is capable of paying costs should it lose a case designed to outlaw BDS in Australia, writes Nick Rowbotham

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The New Social Democrat Wednesday, March 26, 2014 - 12:11 Source
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The Melbourne Urbanist Wednesday, March 26, 2014 - 12:03 Source

Follow the link to read the latest article by The Urbanist: Lower fares are good politics, but are they good policy? http://blogs.crikey.com.au/theurbanist/2014/03/26/lower-fares-are-good-p...

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MacroBusiness Wednesday, March 26, 2014 - 11:39 Source

From the Herald Sun today: There is no doubt that Chinese property buyers are flocking to suburbs such as Balwyn, Balwyn North, Glen Waverley, Doncaster, Box Hill and Ashburton. …One Balwyn real estate agent told me that 35 out of the past 40 sales over $1 million in his area were to foreign buyers, primarily [...]

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Delimiter Wednesday, March 26, 2014 - 11:20 Source

Australia's Internet Industry Association is to to shut down and transfer its operations to the Communications Alliance, in the second major termination of an Australian telecommunications representative group in under three years.

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xkcd.com Wednesday, March 26, 2014 - 11:00 Source

If data fails the Teacher's t test, you can just force it to take the test again until it passes.

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MacroBusiness Wednesday, March 26, 2014 - 10:43 Source

Alan Kohler is in good form today demanding the Coalition dump its entire FoFa reform platform. He argues: The eight changes proposed by the Coalition, presumably written by the banks, are: 1. Allowing commissions to be paid for the provision of “general advice”, as opposed to personal advice. 2. Making the annual fee disclosure statement apply [...]

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Delimiter Wednesday, March 26, 2014 - 10:35 Source

"Destructive forces" at work in a "highly polarised political environment" are starting to "unravel" Labor's National Broadband Network project, veteran analyst Paul Budde said yesterday, with the new Coalition Government having boxed itself into a corner on the issue and end users set to suffer from a nightmarish situation akin to a "Pandora's Box" of problems.

Read more Views: 316
Wednesday, March 26, 2014 - 10:32 Source

As Australian journalist Peter Greste waits behind bars, hundreds of others in Egypt are facing an even less certain fate. International action is needed now, writes Michael Hayworth

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Wednesday, March 26, 2014 - 10:32 Source

As Australian journalist Peter Greste waits behind bars, hundreds of others in Egypt are facing an even less certain fate. International action is needed now, writes Michael Hayworth

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Wednesday, March 26, 2014 - 10:32 Source

As the Australian journalist waits behind bars, hundreds of others in Egypt are facing an even less certain fate. International action is needed now, writes Michael Hayworth

Read more Views: 213
MacroBusiness Wednesday, March 26, 2014 - 10:23 Source

By Leith van Onselen The ANZ-Roy Morgan Research (RMR) consumer confidence index has been released for the week ended 23 March, which registered a 2.0% increase, retracing most of the weakness seen in late-February. It is now a touch above its long-term average, but well below the highs reached after last year’s Federal Election: The [...]

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MacroBusiness Wednesday, March 26, 2014 - 10:11 Source

Deputy Governor of the RBA, Phil Lowe, is on the hustings today with a boring speech about the liberalisation of the Chinese currency. My comments are at the end. Opening Remarks to the Centre for International Finance and Regulation Conference on the Internationalisation of the Renminbi Sydney – 26 March 2014 I would like to [...]

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Popular Science Wednesday, March 26, 2014 - 10:00 Source

Environmental data is turning up in unexpected places. In the April issue of Popular Science, Katie Peek reports on one such source: the journals of Henry David Thoreau. The 19th-century naturalist and writer wrote down such detailed, comprehensive observations on the flora and fauna around him that a Boston University lab was able to chart the impacts of climate change - how muchmuch earlier leaves appear, flowers bloom and birds migrate in the early 21st century compared to the Concord, Massachusetts of the mid-1800s - by comparing Thoreau's notes to present-day conditions.

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MacroBusiness Wednesday, March 26, 2014 - 09:48 Source

By Leith van Onselen The Canberra Times is reporting today on the explosion of “spin doctors” in the Federal Government’s ranks, which have reportedly risen by 300 to 1,900 since 2012: The federal government’s ”army” of spin doctors and communications staff has grown to more than 1900, based on data supplied by departments and agencies. [...]

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Wednesday, March 26, 2014 - 09:41 Source

(First published by Independent Australia)

It may well be that no-one, not even Abbott, knew of the new knighthoods till 3.10 yesterday. Shocked by a Shorten motion on the money he was taking from the kids of dead soldiers, and wanting to avoid that headline, wanting also to punish and wrong-foot Shorten for so shaming him and shrinking him, he ennobled his mother-in-law.

A nice Jesuitical wriggle, he will have thought. But the results have been, already, calamitous.

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Wednesday, March 26, 2014 - 09:32 Source

Crowning glory would be our own head of state, Canberra Times, 26 March 2014

Walter Scott once wrote: ‘Breathes there a man with soul so dead / Who never to himself hath said / This is my own, my native land.’

Alas, these fine words have never been uttered by any Australian head of state about Australia. Under our Constitution, they never could be uttered.

That is because – while no British citizen can ever be Australia’s head of government – only a British citizen can ever be Australia’s head of state.

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MacroBusiness Wednesday, March 26, 2014 - 09:22 Source

From The Australian today the budget rhetoric is flying as Joe Hockey finds $17 billion per annum in new spending for 2017/18: Following the Coalition’s partyroom meeting, the Treasurer told parliament Labor had “buried a tsunami of spending” in 2017-18. This was one year beyond the standard four-years of budget projections and, as a result, did not [...]

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Wednesday, March 26, 2014 - 09:18 Source

(via thechessstore.com)

(via thechessstore.com)

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Cheeseburger Gothic Wednesday, March 26, 2014 - 09:15 Source

Let the word go forth from this time and this place that it pleases us to embiggen our lowly antipodean subjects, Bolt and Brandis for their stirring defence of the rights of a fellow to call a nigger a nigger, a slope a slope, or a Mohammedan a queue-jumping terrorist.

Read more Views: 386
Popular Science Wednesday, March 26, 2014 - 09:00 Source

Environmental data is turning up in unexpected places. In the April issue of Popular Science, Katie Peek reports on one such source: the journals of Henry David Thoreau. The 19th-century naturalist and writer wrote down such detailed, comprehensive observations on the flora and fauna around him that a Boston University lab was able to chart the impacts of climate change - how much much earlier leaves appear, flowers bloom and birds migrate in the early 21st century compared to the Concord, Massachusetts of the mid-1800s - by comparing Thoreau's notes to present-day conditions.

Read more Views: 326

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