Blogotariat

Oz Blog News Commentary
Hoyden About Town Wednesday, April 23, 2014 - 18:08 Source

It's Shakespeare! Today is Shakespeare's 450th birthday. Probably. Nominally. Well, we know he was baptised on the 26th, and it was usual for that to happen about three days after the birth. Also he died on April 23rd, 52 years later, so it appeals...

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Table Talk: Bob Ellis on Film and Theatre Wednesday, April 23, 2014 - 17:46 Source

Evidence is growing that Abbott has lost his mind. To spend two billion a year on a plane that can’t, yet, fly very well or shoot down the planes and drones the Chinese and Russians are currently building, while cutting money to dead soldiers’ children, doctors, nurses, teachers, the disabled and their carers and war-maddened veterans and making bricklayers work till they are seventy, is politically foolish, in my estimation, and way, way, way ‘off message’.

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Your Democracy Wednesday, April 23, 2014 - 17:22 Source

biggle abbott

 

Prime Minister Tony Abbott says the multi-billion-dollar program to purchase new jet fighters for the Defence Force does not involve any "new spending" by taxpayers.

The Government has given the go ahead for the purchase of 58 more F-35 Joint Strike Fighters (JSF) at a cost of $12.4 billion - making it the nation's most expensive Defence asset.

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The Mugwump Post Wednesday, April 23, 2014 - 17:16 Source
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you said it... Wednesday, April 23, 2014 - 17:06 Source

Clive Palmer take note!…

pupbrian[1]
Source (paywall)

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you said it... Wednesday, April 23, 2014 - 17:06 Source

Clive Palmer take note!…

pupbrian[1]
Source (paywall)

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MacroBusiness Wednesday, April 23, 2014 - 16:30 Source

Chris Weston, Chief Market Strategist at IG Markets US and European markets have naturally taken heart from the raft of M&A deals (and speculation) in a number of geographies. With sentiment where it is, new all-time highs in the US benchmark look relatively assured. There will be a time to be tactically short US markets, [...]

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En Passant Wednesday, April 23, 2014 - 16:03 Source

Sol Salbe has posted on facebook the following introduction and a link to an article he has just published on Galus Australia about allegations of antisemitism against the Left, in particular against Socialist Alternative. The article includes a discussion of the ‘evidence’ involved in the allegations of antisemitism against Socialist Alternative at the ANU.

Sol is the former editor of the Australian Jewish Democratic Society Newsletter, Australia, the only full time monitor of the Israeli media and a journalist at the Middle East News Service. I am reposting with his permission.

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Delimiter Wednesday, April 23, 2014 - 15:58 Source

The NSW Greens late last week claimed to have obtained documents showing that the NSW Department of Education and Communities' wide-ranging Learning Management and Business Reform program, which involves a number of rolling upgrades of business administration software, was deployed before it was ready, with "appalling consequences for administrative staff, principals, teachers and students".

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Table Talk: Bob Ellis on Film and Theatre Wednesday, April 23, 2014 - 15:15 Source

(First published by Independent Australia)

Morgan shows Abbott has lost some things that, even in the week of the visit of a future king to his beach, and a game-changing deal with Japan, can’t any more be got back. The 55 percent of women that now vote Labor, or prefer it. The 51.5 percent of West Australians, the 53 percent of South Australians, the 53 percent of Queenslanders, the 55.5 percent of Victorians that now vote Labor, or prefer it.

This means, must mean, that the Kevin ‘07 votes are back, and the relaxed and comfortable Howardist vote has been smashed, once again, by… what?

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MacroBusiness Wednesday, April 23, 2014 - 14:57 Source

By Leith van Onselen RP Data’s Cameron Kusher has produced an interesting post this afternoon on Australian housing values in the wake of today’s March quarter CPI release from the ABS: Over the 12 months to March 2014, combined capital city home values have increased by 10.6% however, when you adjust for inflation the rise [...]

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MacroBusiness Wednesday, April 23, 2014 - 14:55 Source

From Crikey’s Bernard Keane comes a tale of Lockheed Martin entitlement in Australia’s quest to dominate SE Asian skies: The problem is, the F-35 program is not under control, even according to the US government. In September, thePentagon Inspector-General issued yet another in a long line of scathing reports about the program, having found over 700 [...]

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Prosper Australia Wednesday, April 23, 2014 - 14:35 Source

Each day passes with policy enhancing the never ending Great Australian land bubble. Three of note include: the recent sale of $500m in Australian sub-prime loans by non-bank lender Pepper (AFR, paywalled), bundled together as Residential Mortgage Backed Securities. Moody’s gave the thumbs up to the sale, despite 44.5% of loans being of sub-prime nature. […]

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MacroBusiness Wednesday, April 23, 2014 - 14:34 Source

According to David Bassanese: As a result, the RBA is likely to remain comfortable in retaining its neutral policy bias. Indeed, if the Australian dollar remains uncomfortably high and business confidence continues to wind back, the RBA remains well placed to even consider a return to an easing policy bias. To my mind, the RBA [...]

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MacroBusiness Wednesday, April 23, 2014 - 14:21 Source

By Leith van Onselen The ANZ-Roy Morgan Research (RMR) consumer confidence index has been released for the week ended 20 April, which registered its first rise in four weeks, jumping 3.4 points (+3.0%) to be above its long-term average (113.0) but well below the highs reached after last year’s Federal Election: The improvement in the [...]

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MacroBusiness Wednesday, April 23, 2014 - 14:18 Source

From ForexLive: People’s Bank of China (PBOC)  will cut the deposit reserve requirement for rural financial institutions: 2% cut for rural commercial banks and a 0.5 percentage point cut for rural cooperatives Will take effect from Friday This takes the reserve requirement for rural commercial banks to 15%; rural cooperatives to 13% (compared to most [...]

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MacroBusiness Wednesday, April 23, 2014 - 14:05 Source

By David Collyer, cross-posted from Prosper Yesterday REIWA president David Airey issued a call in the West Australian newspaper for the WA government to abandon Stamp Duty and fund this by removing the many wheezes from the tattered State Land Tax. Hooray! Airey says: “It’s time to recognise that stamp duty on property as a [...]

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MacroBusiness Wednesday, April 23, 2014 - 14:01 Source

The Aussie is still falling now, down a cent on the day: This looks to me a pretty decent move in the making. After all, if there’s no inflation then there’s no expanded carry coming. On the downside, there are few serious supports before 92 cents: It would probably take more bad news or a [...]

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MacroBusiness Wednesday, April 23, 2014 - 13:47 Source

By Leith van Onselen The March quarter consumer price index (CPI) data, released today by the Australian Bureau of Statistics (ABS), revealed a continued moderation of rental growth at the national capital city level. According to the ABS, rents nationally grew by 0.7% over the March quarter of 2013 – up slightly on the 0.6% [...]

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MacroBusiness Wednesday, April 23, 2014 - 13:43 Source

Fresh from our Bill: This number will come as a positive surprise for the RBA. Recall that following the 0.9%qtr print for underlying inflation for the December quarter they raised their forecast for underlying inflation to 3%yr from 2.5%yr. That implied they expected a probable 0.8%-0.9% print for March quarter underlying inflation. The implication is [...]

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MacroBusiness Wednesday, April 23, 2014 - 13:32 Source

From the Kouk: It would be a wild exaggeration to say that Australia has an inflation problem, but the March quarter CPI highlighted the fact that the strength of the domestic economy is spilling over into a somewhat uncomfortable acceleration in the inflation rate. While the March quarter inflation rates came in under market expectations [...]

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Prosper Australia Wednesday, April 23, 2014 - 13:04 Source

Yesterday REIWA president David Airey issued a call in the West Australian newspaper for the WA government to abandon Stamp Duty and fund this by removing the many wheezes from the tattered State Land Tax.  Hooray! Airey says: “It’s time to recognise that stamp duty on property as a means to raise revenue is clumsy, […]

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Delimiter Wednesday, April 23, 2014 - 12:57 Source

If you've attended an Australian cinema recently, you'll be aware that $20 ticket prices are now a thing. If you just hit up a film every couple of weeks and avoid the cinema's high-priced junk food aisle (your writer habitually goes to Woolworths for some snacks beforehand), then this mark may not seem like such a huge deal. But if you throw a family into the mix, a night out at the movies can now seem a little too exorbitant for many.

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MacroBusiness Wednesday, April 23, 2014 - 12:45 Source

From the AFR: NSW households are set to be slugged with an increase of up to $225 a year on their gas bills as of July 1 as the start-up of LNG exports from Queensland places a squeeze on east coast supplies. The price hikes recommended by the state pricing regulator IPART on Wednesday are [...]

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New Matilda Wednesday, April 23, 2014 - 12:41 Source

Two shootings on opposite sides of the world show that far right groups pose a constant threat of violence. In Australia, the Islamic community are likely to be the targets, writes Andy Fleming

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New Matilda Wednesday, April 23, 2014 - 12:41 Source

Two shootings on opposite sides of the world show that far right groups pose a constant threat of violence. In Australia, the Muslim community are likely to be the targets, writes Andy Fleming

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Croakey Wednesday, April 23, 2014 - 12:34 Source

Some days the climate change debate is so awfully absurd that it’s a toss up between whether to laugh or cry. Most days, in fact. On one hand, we hear that leaders of the IMF, World Bank and UN are pushing for a price on carbon, and that Archbishop...

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New Matilda Wednesday, April 23, 2014 - 12:32 Source

Bill Shorten's plan will weaken the influence of unions over the party. Making the ALP-union link more democratic would be a better idea, writes historian and ALP member David Lockwood

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MacroBusiness Wednesday, April 23, 2014 - 12:24 Source

By Leith van Onselen As noted briefly by Houses & Holes, the Australian Bureau of Statistics (ABS) has released the Consumer Price Index (CPI) data for the March quarter 0f 2014, which registered a modest quarterly increase in prices, with the result also coming in well below economists’ expectations. According to the ABS, headline CPI [...]

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Drag0nista's Blog Wednesday, April 23, 2014 - 12:19 Source

ALP: Surveying the stinking carcass. Weekly post for The HooplaFiled under: Politics Tagged: Bill Shorten, The Hoopla

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