Blogotariat

Oz Blog News Commentary
The Australian Independent Media Network Wednesday, July 29, 2015 - 10:00 Source

I truly detest how this country is treating asylum seekers and I detest the policies of both the Coalition and Labor – none of which remotely consider the onshore processing of refugees who arrive or attempt to arrive by boat.

I also detest how the asylum seeker issue is thrust front and centre by the government as the issue which will most likely decide who wins the next federal election. With nothing else to take to the election, naturally it’s all that the government wants us to be focused on.

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xkcd.com Wednesday, July 29, 2015 - 10:00 Source

 "And ...

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The Australian Independent Media Network Wednesday, July 29, 2015 - 09:30 Source

Just eight weeks after the release of the 2015-16 Federal Budget, one that the MSM will tell you was well received, serious doubts are now beginning to emerge not just with growth estimates generally, but also with revenue targets; doubts that are coming from a variety of qualified sources.

If we are able to look beyond the recent scare campaigns being waged, we see the current trend in overall growth is well below the level necessary to bring unemployment down. Wages growth is stagnant, business investment is sluggish and household spending is restrained.

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The Australian Independent Media Network Wednesday, July 29, 2015 - 09:29 Source

Now, there’s one thing I love and that’s consistency. I’m not going to talk about my first wife, or even mention her, but she was extemely inconsistent. She’d say something one day, and then the next day, argue something completely different. I think that if you say something, you should try and make sure that you don’t have an inconsistent position. Not like my first wife, who I’m not going to mention at all. That’s why I’m voting Liberal in the next election, they’re the “no excuses” party that keep their promises!

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MacroBusiness Wednesday, July 29, 2015 - 09:20 Source

By Chris Becker A reprieve across risk markets last night as US stocks lifted the whole complex on better than expected earnings with bonds stable in preparation for the July FOMC meeting over the next couple of days. On the economic datafront, a solid UK second quarter GDP print, followed by moderate rises in US

The post Macro Morning (reprieve) appeared first on MacroBusiness.

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MacroBusiness Wednesday, July 29, 2015 - 09:19 Source

Today I’ll give a gong to Miranda Maxwell at BS: …while stockmarkets can and do pop with limited economic impact, this time there are clear warnings that it is different. The frantic response from China’s authorities to stem the wave of losses is as clear a signal as there ever was that this is a

The post Is China repeating 1929? appeared first on MacroBusiness.

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Cheeseburger Gothic Wednesday, July 29, 2015 - 08:41 Source

I hadn't really followed the Adam Goodes saga, or crisis, or full-blown racist dipshit kerfuffle, whatever you want to call it, until yesterday. But I finally got caught up. And now I feel sort of existentially sick, as though my soul has been dipped into a simmering cauldron of Eddie Maguire"s anal leakage.

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MacroBusiness Wednesday, July 29, 2015 - 08:38 Source

By Leith van Onselen The AFR has posted a report today warning of a downturn in apartment construction now that the rules around significant investor visa’s (SIVs) investing in Australian real estate have been tightened: On July 1 the federal government’s new rules on significant investor visas – the ticket for which millionaire foreigners can

The post Visa changes to hit high-rise apartments appeared first on MacroBusiness.

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MacroBusiness Wednesday, July 29, 2015 - 08:23 Source

By Leith van Onselen In this week’s email newsletter, available for free by signing-up here, SQM Research’s managing director, Louis Christopher, provides a nice summary of the state-of-play of the Australian housing market in the wake of the recent changes to investor mortgage policies by the Australian banks: Over the last three weeks. And in

The post SQM: A realty slowdown we’re going to have appeared first on MacroBusiness.

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MacroBusiness Wednesday, July 29, 2015 - 07:11 Source

From Sydney Morning Domain: Raising interest rates on home loans held by property investors could boost bank profits by up to $400 million a year, experts say. But renters, in particular first home buyers trying to get off the rental roundabout, are likely to pay for it. …Domain Group senior economist Andrew Wilson expects tenants will be slugged with the extra

The post Domain bullies renters to buy appeared first on MacroBusiness.

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MacroBusiness Wednesday, July 29, 2015 - 04:30 Source

By Leith van Onselen Last month, the Department of Foreign Affairs and Trade (DFAT) released a “fact sheet” that promised no adverse changes to Australia’s intellectual property arrangements under the Trans-Pacific Partnership (TPP) trade deal – the US-led trade pact between 12 Pacific Rim nations: Sixth myth: the TPP will require changes to Australia’s intellectual

The post NZ confirms TPP sell-out appeared first on MacroBusiness.

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MacroBusiness Wednesday, July 29, 2015 - 04:27 Source

From The Australian: In a series of statements yesterday aimed at the Flinders University Council and the Coalition, the Weatherill government warned Dr Lomborg that he was not welcome in the state as it would damage South Australia’s image among the climate change fraternity. State Labor also warned Flinders University that its academics would be

The post SA Government blocks Lomborg…err…grant appeared first on MacroBusiness.

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MacroBusiness Wednesday, July 29, 2015 - 00:06 Source

Here are the iron ore price charts for July 28, 2015: Qingdao up and Tianjin benchmark too at $52.20 up 1.6%. Dalian was up firmly (it’s down on the chart because I’ve shifted to January) and up another 2% overnight to 363. Singapore remains oblivious. Rebar average has finally got a bounce on that looks

The post Daily iron ore price update (a forecast) appeared first on MacroBusiness.

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MacroBusiness Wednesday, July 29, 2015 - 00:05 Source

The Brent oil price managed a weak bounce overnight, rising off lows to $53.19 as I write. The chart is not encouraging: We’re finding support at the March lows but the $48s beckon for a retest and I don’t think that will hold, either. The glut is too big, the macro backdrop too hostile and

The post Daily LNG price update (weak bounce) appeared first on MacroBusiness.

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MacroBusiness Wednesday, July 29, 2015 - 00:02 Source

From RBS via FTAlphaville comes a lovely illustration of the fundamentals of the Chinese stock market: It’s almost as bad as the Australian housing “market”. Good luck finding price discovery in there. And without any credible benchmarks for value, what you get is this, from Mac Bank: The A-share markets are extremely volatile and the violent

The post The Chinese farmer loses his shirt appeared first on MacroBusiness.

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MacroBusiness Wednesday, July 29, 2015 - 00:01 Source

Global Macro / Markets / Investing: Stop Thinking About Markets as if They Were Human – Bloomberg View Emerging currencies hit 15-year lows - Financial Times One in 10 gold mines now uneconomical – Mine Web Demand Troubles Risk Cementing a Decade of Anemic Global Growth – Wall Street Journal Commodities Hit Lowest in More

The post Links 29 July 2015 appeared first on MacroBusiness.

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Peter G-W Tuesday, July 28, 2015 - 23:49 Source

A story of a woman, of journalism, of the Middle East and of the Australian Counter Terrorism laws. I died yesterday afternoon at 1:46. My death was not exactly a surprise, I had been warned more than once after all. What is surprising is that I remember it at all. Death is supposed to be […]

The post Rasunah appeared first on Peter G-W.

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Politically homeless Tuesday, July 28, 2015 - 21:41 Source

Mark Kenny reckons Abbott has Bronwyn Bishop in his pocket. As usual with him, the official press gallery bunny of this blog, Kenny has it the wrong way around.Bishop is a major force in the Liberals' right-wing. Abbott was only ever a minor-to-middling figure.

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The Australian Independent Media Network Tuesday, July 28, 2015 - 19:54 Source

Listening to Tony Abbott speak can be confusing. One day he’s saying something like “Let me be as categoric as I can, the GST won’t change, full stop, end of story“.

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En Passant Tuesday, July 28, 2015 - 19:53 Source

Solidarity magazine has a good article on the Shorten and AWU deals with the bosses and the failure of many unions to fight the bosses. It finishes off with this:

‘Rather than a “modern” class collaborationist model of unionism, which has failed workers and just lays the basis for the Liberals to attack further, we need to get back to the politics of class struggle, by mobilising rank-and-file members, who have no interest in cosy deals.’

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Croakey Tuesday, July 28, 2015 - 18:48 Source

Could Australian health reformers learn from the experience of efforts to integrate health and social care in Canterbury, New Zealand? These and other questions are raised below by Leanne Wells, CEO of the Consumers Health Forum of Australia. ***  ...

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Harrangue Man Tuesday, July 28, 2015 - 18:28 Source

Earlier this year I had a very public meltdown at a work meeting—great gobs of agonised silent howling. Great stuff. My meltdown directly led to my being sent on gardening leave for rest and recovery.On return I stayed away from attending the meetings but now, with many months on and with me all but healed, I decided "fuck it, let's go again".So I went back. It was nice. Only a small number of people but enthusiastic people who just want to foster a happier workplace.

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Harrangue Man Tuesday, July 28, 2015 - 18:21 Source
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Croakey Tuesday, July 28, 2015 - 18:09 Source

So here’s a question, or two. For months, we’ve been hearing many different experts and health organisations warning about the risks to health from the Trans-Pacific Partnership (TPP) trade deal, which Trade Minister Andrew Robb hopes might be...

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Table Talk: Bob Ellis on Film and Theatre Tuesday, July 28, 2015 - 18:02 Source

I tire of Adam Goodes.

He wrecked the life of that  thirteen year old girl, who merely noted how big he was, not his colour.

He comes from, or he should come from, a chiacking footie-show culture, distant cousin of the Hollywood Roast, a culture that can give it and can take it, and he prefers to whinge about schoolyard miseries twenty years ago like, yes, a twelve year old girl.

What has happened is no more remarkable than a haka.

He should be ashamed of himself.

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Delimiter Tuesday, July 28, 2015 - 16:20 Source

The latest version of Microsoft’s Windows operating system will begin rolling out from Wednesday (July 29). And remarkably, Windows 10 will be offered as a free upgrade to those users who already have Windows 7 and 8.1 installed.

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MacroBusiness Tuesday, July 28, 2015 - 16:03 Source

Chris Weston, Chief Market Strategist at IG Markets We are supposed to be focusing on the FOMC meeting this week, given the market is only pricing a modest 10 basis points of tightening from the Fed over the coming three months. However, China is firmly front and centre and calls of ‘China’s Lehman moment’ and

The post ASX at the close appeared first on MacroBusiness.

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Delimiter Tuesday, July 28, 2015 - 15:59 Source

Over the past decade, stereotypes that video games were a popular medium intended only for youths have been eroded. It is clear that video games are also a popular medium for adults.

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Delimiter Tuesday, July 28, 2015 - 15:43 Source

Two sizable Queensland Government departments have no central disaster recovery plan, the state’s Auditor-General has found, despite the region’s ongoing struggles with extreme weather conditions that have previously knocked out telecommunications and data centre infrastructure.

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The Australian Independent Media Network Tuesday, July 28, 2015 - 15:40 Source

Sometime later this afternoon/this evening The AIMN will be offline for about an hour while our server is being rebooted.

Everything will return to normal when the reboot is completed.

We apologise in advance for this small interruption.

 

The post Site news appeared first on The AIM Network.

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