Blogotariat

Oz Blog News Commentary
Club Troppo Saturday, December 15, 2018 - 14:16 Source

Cross posted from Pearls and Irritations

The Information-technology Revolution is challenging the assumptions on which the education of children and the provision of their entertainment are based. The doomsayers argue the big companies – Google, Facebook, Amazon, Apple, et al. – despite their rhetoric of preventing evil and promoting global togetherness – are in fact exacerbating inequality, poverty, unemployment, invasion of privacy, breakdown in social cohesion, supporting political disruption and Donald Trump. 

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The Australian Independent Media Network Saturday, December 15, 2018 - 12:43 Source

Ok, there’s been one or two confusing messages coming from the Morrison government. And no, one of them isn’t “What would Jesus do?” Strangely, for a government that’s had two out of three PMs profess their strong Christian beliefs, this never seems to be a consideration. I’m more confused about things like their recent thought…

The post Jesus Supports Discrimination! appeared first on The AIM Network.

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The Australian Independent Media Network Saturday, December 15, 2018 - 11:57 Source

On Thursday, the Government announced a review into the “integration, employment and settlement outcomes for refugees and humanitarian entrants”. The Prime Minister said: “We want to make sure we are doing everything we can to help people get jobs, and integrate into the community”. Oh what a difference a new job makes. After the 2010…

The post Oh what a difference a new job makes appeared first on The AIM Network.

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Your Democracy Saturday, December 15, 2018 - 10:04 Source
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Club Troppo Saturday, December 15, 2018 - 02:46 Source

Putting the grown-ups to shame without the moral vanity the grown-ups tried so hard to teach her.

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MacroBusiness Saturday, December 15, 2018 - 00:01 Source

Global Macro / Markets / Investing: Dr. Elon & Mr. Musk: Life Inside Tesla’s Production Hell – Wired Economists See U.S.-China Trade War as Biggest Threat in 2019 – WSJ Major German Stock Exchange to Launch Crypto Trading Platform – Coin Desk Another Hedge Fund Veteran Is Quitting a Brutal Market – Bloomberg Steep Decline

The post Weekend Reading: 15-16 December 2018 appeared first on MacroBusiness.

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En Passant Friday, December 14, 2018 - 20:39 Source

I write in Independent Australia: ‘It’s time to go, ScoMo and any other government that puts profit before people. The task is up to us, not Labor or the Greens or the union leadership, but us — ordinary workers and others united in fighting for a just and equitable world socially, economically and politically and showing enough power and emotion, as French workers have shown, to frighten our leaders into governing for workers and the poor.

To read the whole article, click here. 

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MacroBusiness Friday, December 14, 2018 - 17:00 Source

Not a positive way to finish the week here in Asia with a broad selloff due to the slowdown in Chinese economic data, with the Aussie and Kiwi falling alongside all the Yen crosses. As markets position for next week’s FOMC meeting, where expectations are for another rate rise, it’s caution across the board due

The post Macro Afternoon appeared first on MacroBusiness.

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MacroBusiness Friday, December 14, 2018 - 16:43 Source

Via John Adams, regular contributor to Martin North: Dear All, Economic Armageddon is no joke and if the past week has taught me something it is that warning the public of the coming economic peril comes at great risk to people like me. Only in the past month, I was approached by a leading national

The post John Adams: The establishment knows CRISIS is coming appeared first on MacroBusiness.

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Renew Economy Friday, December 14, 2018 - 15:53 Source

Regulator report critical of AEMO's actions in the lead-up to South Australia's System Black in 2016, but says it was not to blame for state-wide blackout.

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Renew Economy Friday, December 14, 2018 - 15:49 Source

A new political party will appear on the scene tomorrow and will seek to disrupt the “politics as usual” that Australian voters do not like, but have become used to.

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Renew Economy Friday, December 14, 2018 - 15:39 Source

Progress on joint plans of Photon Energy and Canadian Solar to develop 1.4GW of large-scale PV in NSW, as 170MW Suntop Solar Farm approved for state's central west.

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MacroBusiness Friday, December 14, 2018 - 14:30 Source

Via the excellent Bill Evans at Westpac today: What do our economic forecasts for 2019 mean for Investors? Our key economic themes are: Australian economy and markets • Growth in the Australian economy will slow in 2019 under the weight of political uncertainty; falling house prices; a contraction in residential construction; global volatility; and a

The post What to expect from asset markets in 2019 appeared first on MacroBusiness.

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Renew Economy Friday, December 14, 2018 - 14:12 Source

AER announced changes to RIT-T making it more robust, efficient and timely, and more aligned wth AEMO’s Integrated System Plan and keeping customer power costs down.

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AustralianPolitics.com Friday, December 14, 2018 - 14:02 Source

Details of the 1918 Corangamite by-election, the first time preferential voting was used in a House of Representatives election.

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MacroBusiness Friday, December 14, 2018 - 14:00 Source

Via UBS: …Labor’s proposed franking ‘scale-back’ also makes the near-term return of excess franking credits more attractive. Figure4 ranks the franking balances of companies relative to market capitalisation in the ASX150. Among the large caps, BHP Group and Rio Tinto have already announced off-market buybacks. Our survey of UBS analysts highlights that Woolworths and Wesfarmers

The post UBS: Labor franking reform to boost buybacks appeared first on MacroBusiness.

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Renew Economy Friday, December 14, 2018 - 13:50 Source

A test drive with the Jaguar I-Pace and an interview with the company’s head of product development.

The post The Driven Podcast: Test drive with the Jaguar I-Pace appeared first on RenewEconomy.

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Renew Economy Friday, December 14, 2018 - 13:47 Source

The NSW Independent Planning Commission has approved with conditions, changes to the state planning approval for the Yass Valley (Coppabella) Wind Farm in the NSW Southern Tablelands

The post Goldwind’s Coppabella wind farm one step closer to construction appeared first on RenewEconomy.

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MacroBusiness Friday, December 14, 2018 - 13:37 Source

The world’s second largest economy has problem. A big problem. Everything is slowing fast except the very thing that is wants to stop: building empty apartments! November data was bad. Industrial production slowed sharply to 5.4% and retail sales did as well to 8.1%. Fixed asset investment held up at 5.9%: Stunningly, floor space under

The post China is in trouble appeared first on MacroBusiness.

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MacroBusiness Friday, December 14, 2018 - 13:30 Source

Via Westpac: At the December ECB meeting, the Governing Council confirmed the end of net asset purchases and repeated the forward guidance that key policy rates will remain on hold “at least through the summer of 2019, and in any case for as long as necessary”. In addition, they gave forward guidance on their reinvestment

The post ECB turns cautious appeared first on MacroBusiness.

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John Quiggin Friday, December 14, 2018 - 13:14 Source

On 29 March this year[1,2], if nothing else changes, the UK will leave the European Union under the terms of Article 50. Unsurprisingly, lots of scenarios are being scripted, but the one I see as most likely doesn’t seem to be among them.

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MacroBusiness Friday, December 14, 2018 - 13:00 Source

Via Domain: The proposed CIC will be split in two. At the top tier, a ‘‘law enforcement division’’ will have powers roughly on par with the powerful NSW ICAC. Yet a federal Eddie Obeid would have nothing to fear from this body. Parliamentarians and their staff, along with most of the public service and government-owned

The post Scummo launches corrupt anti-corruption watchdog appeared first on MacroBusiness.

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MacroBusiness Friday, December 14, 2018 - 12:45 Source

Just in case you were wondering: More out of cycle rate hikes in 3,2,1…

The post Bank funding costs keep climbing appeared first on MacroBusiness.

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MacroBusiness Friday, December 14, 2018 - 12:30 Source

Via The Australian: West Australian Labor MP Pierre Yang’s political mentor, influential Perth businessman Edward Zhang, is a member of five China-based organisations directly run by the Chinese Communist Party’s powerful United Front bureaucr­acy. …The Australian revealed last week that Mr Yang, the Mc­Gowan government’s upper-house whip, was a member of two pro-Beijing organisations that

The post Latest Labor MP’s China links exposed appeared first on MacroBusiness.

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Renew Economy Friday, December 14, 2018 - 12:20 Source

APA formally terminates collapsed RCR as contractor for Darling Downs solar farm, which is going through final commissioning.

The post APA dumps RCR as it seeks to complete Darling Downs solar farm appeared first on RenewEconomy.

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MacroBusiness Friday, December 14, 2018 - 12:15 Source

By Leith van Onselen With Sydney dwelling losses crashing through 10% this week: And losing a nation-leading 8.3% over the past year: It’s not surprising to read CoreLogic’s analysis that “the list of top 50 regions for value declines over the past year is overwhelmingly dominated by New South Wales with each of the 28

The post Sydney suburbs dominate nation’s house price falls appeared first on MacroBusiness.

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MacroBusiness Friday, December 14, 2018 - 12:00 Source

By Leith van Onselen After last year demolishing Scott Morrison over Australia’s mass immigration ‘Big Australia’ policy (video above), the ABC’s Carrington Clarke has today penned an article explaining how flooding the labour market through mass immigration is eroding workers’ wages: Although the direct relationship between wages and immigration is not clear, all other things

The post Carrington Clarke: Mass immigration undercutting wages appeared first on MacroBusiness.

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Renew Economy Friday, December 14, 2018 - 12:00 Source

NSW approves state's 49th large-scale solar farm, a 275MW plus 100MWh of battery storage project proposed by Edify Energy for Darlington Point.

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MacroBusiness Friday, December 14, 2018 - 11:45 Source

The AUD is soft through the morning as markets muscle the RBA back into its padded cell: XJO has turned former support into resistance very quickly: Bonds are bid again: Big Iron is mixed: Big Gas up: Big Gold down: Big Banks are sagging: And Big Realty getting the treatment: Avagoodweekend!

The post XJO, banks, AUD sag as markets fade RBA loons appeared first on MacroBusiness.

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MacroBusiness Friday, December 14, 2018 - 11:30 Source

By Leith van Onselen You can’t make this stuff up. Unions are reportedly seeking to change Labor’s platform on superannuation at its upcoming national conference, demanding an increase in the superannuation guarantee to 15% by 2030. From The AFR: The Transport Workers Union and the Construction, Forestry, Maritime, Mining and Energy Union are driving the push as

The post Dumb unions lobby to lower workers’ wages appeared first on MacroBusiness.

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