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Cheeseburger Gothic Thursday, July 30, 2015 - 08:10 Source

I enjoyed this long piece from The New York Times about the Sea Sherpherds hunting a rogue fishing trawler through some of the worst seas in the world. They chased this thing over thousands of nautical miles in the Southern Oceans, eventually driving it under the waves.

From the Times:

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MacroBusiness Thursday, July 30, 2015 - 08:00 Source

From Moody’s: Over the past week, three major Australian banks increased their lending rates for residential property investment loans and interest-only (IO) loans. Australia and New Zealand Banking Group Limited and Commonwealth Bank of Australia each lifted the standard variable investor rate by 0.27%. National Australia Bank Limited increased the rate it charges for IO

The post Moody’s praises bank tightening appeared first on MacroBusiness.

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Harrangue Man Thursday, July 30, 2015 - 07:40 Source

I wear sweater vests now. I never used to before but I found they're comfortable and they also hide wrinkled shirts if you're adverse to ironing.As I put it on this morning it felt like I was donning a chain shirt and girding up for battle. I liked that idea so much I had to dash in here and write about it.We're not supposed to wear our pass out and about until we're inside the work building.

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The Australian Independent Media Network Thursday, July 30, 2015 - 07:35 Source

Yesterday, along with many others I watched the much anticipated marriage equality debate between Cory Bernardi and Penny Wong.  I found some of the questions from the press gallery quite predictable. I felt the questions did not really challenge what marriage equality may mean for us as we progress as a nation. I have put together ten questions I would have liked to have asked Cory Bernardi and Penny Wong.

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Table Talk: Bob Ellis on Film and Theatre Thursday, July 30, 2015 - 07:32 Source

Julie Bishop is getting crazier.

As she well knows, no-one deliberately shot down a civilian aircraft. A fool EU bureaucrat put the plane in harm’s way, and he should be in gaol for it.

And this idiot frame-up has been going on for a year. She is going to ‘bring to justice those responsible for this act of evil’ although the man in charge of eleven time-zones, Putin, won’t let her organise a trial of him or his country, and he has the UN veto that prevents him to forbid her, or anyone, from beginning or mounting this trial.

She’s just crazy. And she’s costing us a fortune.

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En Passant Thursday, July 30, 2015 - 07:26 Source

A Pride Parade in Minneapolis  in the wake of the US Supreme Court decision legalizing gay marriage nationwide. Jeff Wheeler / Star Tribune

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Croakey Thursday, July 30, 2015 - 07:18 Source

The idea of open and transparent outcome reporting has been around for a while now. Suggested drivers for such reporting have included service improvement and enhancing patient choice. In this article, Dr Andrew Weatherall demonstrates why, to date,...

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MacroBusiness Thursday, July 30, 2015 - 07:15 Source

Perhaps there’s some hope for RBA accountability after all, from Banking Day: Some perspective and planning is possible following an under-reported ruling of Justice Jane Hollingworth in the Supreme Court of Victoria last month that surveyed the trials and tribulations of the Securency and Note Printing Australia affair. Fourteen people await trial on matters relating

The post RBA bribery gag order lifted appeared first on MacroBusiness.

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MacroBusiness Thursday, July 30, 2015 - 07:04 Source

From the AFR which clearly didn’t get the memo from Domain: Andrew Fawell​, director of the Beller Group, a diversified property group with offices in Shanghai selling Australian property to Chinese investors, said there is anecdotal evidence some investments could be axed because buyers have suffered heavy losses on China’s bourses. …Westpac, the largest lender

The post Shanghai crash arrives in Australian property appeared first on MacroBusiness.

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MacroBusiness Thursday, July 30, 2015 - 06:55 Source

Cross-posted from Martin North. The AFR is reporting that ING has said new investor borrowers will need to find a 20% deposit, a hurdle which had previously applied only to loans in Sydney. They will also end discounts rates for new investor borrowers and tighten serviceability assessments. This is further evidence that smaller banks are

The post ING tightens investor lending criteria appeared first on MacroBusiness.

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MacroBusiness Thursday, July 30, 2015 - 06:38 Source

Here are the iron ore charts for July 29, 2015: Spot rocketed with Tianjin benchmark surging 5.9% to $55.30. Paper too. Dalian is up again overnight another 5 points to 371. Rebar average is driving it with its sharp rebound though it is still at 2003 levels. Let’s dig into this with some bonus charts

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

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MacroBusiness Thursday, July 30, 2015 - 06:24 Source

Brent oil rebounded last night to $53.65 as I write on EIA data showed a sudden slowing in output and falls in inventories: The one real hope for the oil price at this point is continued rapid declines in shale output and continued rises in consumption, which we are seeing, from John Kemp: There is some

The post Daily LNG price update (shale crunch) appeared first on MacroBusiness.

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MacroBusiness Thursday, July 30, 2015 - 05:58 Source

Here is the Fed statement: Information received since the Federal Open Market Committee met in June indicates that economic activity has been expanding moderately in recent months. Growth in household spending has been moderate and the housing sector has shown additional improvement; however, business fixed investment and net exports stayed soft. The labor market continued

The post Fed hikes slip on oil appeared first on MacroBusiness.

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Poll Bludger Thursday, July 30, 2015 - 04:24 Source

The two-party preferred reading on the BludgerTrack poll aggregate has ticked 0.5% in Labor’s favour for the second week in the row, on the back of a solid improvement for them in the latest fortnightly Morgan result, and a smaller shift on the weekly Essential Research numbers. In fact, the outstanding feature of both polls was the best result in years for the Greens, such that both major parties are little changed on the primary vote, and Labor’s two-party preferred improvement is received second-hand as preferences.

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Poll Bludger Thursday, July 30, 2015 - 04:08 Source

The electorate of Mallee covers the north-western corner of Victoria, including the southern bank of the Murray River from Mildura and Swan Hall, and further territory south to Horsham. It is one of two seats in Victoria remaining to the Nationals, together with Gippsland. Andrew Broad retained the seat for the party in 2013 upon the retirement of John Forrest, the member since 1993, in the face of a determined challenge from the Liberals.

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MacroBusiness Thursday, July 30, 2015 - 00:01 Source

Global Macro / Markets / Investing: Nobody Knows How Much Bonds Cost - Bloomberg View What No One Ever Says About Corporate Bond Market Liquidity - Bloomberg Gold Is Only Going to Get Worse – Bloomberg Investors need to consider that gold may fall to $350 an ounce – MarketWatch Pick a Valid Strategy, Stick

The post Links 30 July 2015 appeared first on MacroBusiness.

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Your Democracy Wednesday, July 29, 2015 - 23:23 Source

getting lucky .....

from Crikey ….

Australian sovereignty is at risk under the Trans-Pacific Partnership, with evidence showing a toxic combination of corporations, ambulance chaser law firms and biased arbitrators will be able to overrule our laws.

read more

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En Passant Wednesday, July 29, 2015 - 20:01 Source

The support for Jeremy Corbyn’s campaign is a very good sign but British Labour isn’t the answer, argues Charlie Kimber, national secretary of the Socialist Workers Party (SWP) in Socialist Worker UK

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laberal Wednesday, July 29, 2015 - 19:24 Source

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Harrangue Man Wednesday, July 29, 2015 - 18:43 Source

It's been a roller coaster for me of late. One minute I'm up, then I'll take a hit, but then I'll be up again. Oh well, beats the Ferris wheel I guess.I had to have an uncomfortable work conversation which left me anxious and distressed. But even as I went through it I marvelled at the kindness shown and their making sure I was robust enough to have the conversation in the first place.I felt looked after. Although anxiety flared and I took a Valium for the first time in months fight (slash) flight did not kick in.

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Harrangue Man Wednesday, July 29, 2015 - 18:31 Source

I don't know why but singing along just makes me feel better.And of course you can't go past Chumbawumba.

WFTW

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MacroBusiness Wednesday, July 29, 2015 - 17:21 Source

It was the night before the FOMC and most of Asian markets stood still. Australian equities have been the regional outperformer for most of the day, however, with all sub-sectors of the market in the black. The key from here will be whether the ASX 200 can convincingly move above the 5700 level and as

The post ASX at the close appeared first on MacroBusiness.

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Delimiter Wednesday, July 29, 2015 - 17:14 Source

The nation’s largest telco Telstra today revealed it will launch a Telstra-branded version of the popular Roku TV streaming device to Australians, as the telco struggles to ensure its over-the-top services remain relevant in a next-generation viewing world which increasingly appears to be dominated by the likes of US giant Netflix.

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New Matilda Wednesday, July 29, 2015 - 16:28 Source

The Baird government has promised to "throw the book" at protestors, but the Planning Minister is refusing to do the same for mining giant Whitehaven Coal.

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Prosper Australia Wednesday, July 29, 2015 - 16:16 Source

The Property Council of Australia was out again yesterday, sternly defending the land from pesky taxes and ‘value capture’. Well, their land. The ACT branch said its members “applaud the ACT government’s vision” for the 12-kilometre tram linking the city and Gungahlin, according to the Canberra Times. They want the new tramline, which will shrink […]

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you said it... Wednesday, July 29, 2015 - 15:35 Source

Guest Post Ramio1983

Let me say briefly, I never voted for Tony Abbott. Yet I also do not blame people that did. When the Australian Labor Government fell on its knees and made an embarrassment of itself from its rise of Julia Gillard and fall of Kevin Rudd, we all were keen on a new leadership. Someone we could trust and a government that was solid with the interests of not only Australians in mind but society and the world as a whole.

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Delimiter Wednesday, July 29, 2015 - 15:25 Source

Communications Minister Malcolm Turnbull this morning travelled to Geelong to spruik the benefits of its looming Fibre to the Node deployment, braving the ire of local residents and Labor politicians, who are increasingly demanding local Liberal MP Sarah Henderson support the technically superior Fibre to the Premises version of the NBN instead.

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Renew Economy Wednesday, July 29, 2015 - 15:21 Source

The inevitable and unstoppable shift to solar and storage is likely to see a big change in the way that tariffs are structured – hopefully for the better, rather than the worse – but it may just mean another level of complexity for consumers in what is already a thoroughly opaque market.

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MacroBusiness Wednesday, July 29, 2015 - 14:57 Source

Big iron is enjoying some respite today with BHP up 2.3%, RIO up 1.3% and FMG up 6%: Idiocy spreads are still closing: Juniors are still busted with AGO unable to reclaim 5 cents: The performance is pretty disappointing when you consider Dalian is flying again up another 6 points from this morning to 369. We’ll

The post BHP, RIO and FMG surge as futures fly appeared first on MacroBusiness.

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Table Talk: Bob Ellis on Film and Theatre Wednesday, July 29, 2015 - 14:52 Source

Getting tired of Julie Bishop.

Assad has killed 250,000 of his own people. And she  has not complained about it.

She has, instead, alleged that Putin was involved, somehow, somehow, in the killing, by accident, in wartime accident, (hard to see what else it was) of thirty-seven Australians, in a war zone, where a tourist plane should never have been, and has asked him to take part in his own international United Nations trial though he has the veto to never do that.

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