Blogotariat

Via The Australian: An unexpected budget bonanza has doubled the projected sur­pluses over the next four years to more than $30 billion in a dramatic improvement to the bottom line in what the Coalition will today claim is the best set of numbers since the final year of the Howard-Costello government. The Australian understands that

The post Coalition enjoys fictitious surplus boom appeared first on MacroBusiness.

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At the UN summit in Poland, nearly 200 governments agreed rules to put the historic pact into action, but failed to make strong push for faster emissions cuts

The post Countries breathe life into the Paris climate agreement appeared first on RenewEconomy.

Iron ore prices for December 14, 2018: Spot up. Paper up. Steel up. There’s nothing the iron ore Costanza market likes more than crashing Chinese demand data. That’s how conditioned it is to stimulus these days. My outlook is unchanged. Strength through new year and January then weakness as demand falls away. I don’t think

The post Daily iron ore price update (Costanza market) appeared first on MacroBusiness.

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Operation “Timber Sycamore”, initiated by President Barack Obama was privatized a little before the election of President Donald Trump. It is now coordinated by the investment fund KKR (established by Henry Kravis and whose military activities are led by the former head of the CIA, General David Petraeus).

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In good news for Australia, last week’s break into the open of RBA corruption met with little media response on the weekend. By that I do not mean that the media held the bank to account for endorsing criminal mortgages – as if – but it didn’t pile in behind the bank’s lunatic push to

The post RBA control fraud is its crowning blunder appeared first on MacroBusiness.

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Via The UNZ Review: So it appears the privatization of France isn’t going quite as smoothly as planned. As I assume you are aware, for over a month now, the gilets jaunes (or “yellow vests”), a multiplicitous, leaderless, extremely pissed off, confederation of working class persons, have been conducting a series of lively protests in

The post Gilets Jaunes exposes the Fake Left appeared first on MacroBusiness.

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CoreLogic released its auction report yesterday, which reported another pathetically weak round of auctions, with auction clearances remaining near 2011 lows. The preliminary national auction clearance rate was just 43.8% versus 45.3% last weekend (later revised down to 41.0%). The preliminary clearance rate was also way below the 60.7% recorded in the same weekend of

The post Auctions crash deepens appeared first on MacroBusiness.

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In MB’s 2017 Christmas special report, entitled “The Great Housing Reckoning”, we anticipated a difficult 2018 for Australians with “an intensification of the per capita income recession that is the essence of the nation’s budding lost decade”. While this view was largely correct, we also argued that “house prices… are unlikely to crash”, instead forecasting

The post MB Christmas Special Report: The Great Australian Housing Crash appeared first on MacroBusiness.

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The final Ipsos poll for the year fails to replicate its unusually strong result for the Coalition last time.

The post Ipsos: 54-46 to Labor appeared first on The Poll Bludger.

The pieces were already put in place during the Wentworth federal by-election, a hopeless, needless gambit that reduced the Coalition government’s majority whilst giving the outgoing Prime Minister Malcolm Turnbull a crack at some vengeance. His successor, Scott Morrison, decided to make himself a prisoner of policy in advance. That prison cell, it transpired, was…

The post Having it All Ways: Scott Morrison’s Jerusalem “Compromise” appeared first on The AIM Network.

It's not really workIt's just the power to charmI'm still standing in the windBut I never wave bye byeBut I try, I try ...- David Bowie Modern love

As the Prime Minister of the day strides to the despatch box in Question Time, the cameras focus on the back benchers sitting directly behind him as they nod dutifully and call out “hear, hear”, or point accusingly as they call out “shame.” These people are deliberately placed there in order to raise their profile…

The post Will the curse of the despatch box strike again? appeared first on The AIM Network.

We all know them, people who seem to be able to put off the inevitable for what seems an eternity, and others who are like Andy Dufresne from Shawshank Redemption “who crawled through a river of shit and came out clean on the other end” and seem to have all their sins forgiven.

Recently there have been two high-profile cases along these lines that readers here will no doubt be quite familiar with.

One involves the former union official that started out smelling like roses and ended up smelling like what is often shoveled on them. The other the son of a radio star that video has yet to kill but scandal one day might.