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Renew Economy Thursday, April 16, 2015 - 12:20 Source

The Blue Economy is set to generate 100 million new jobs in the next 10 years, based on more than a hundred innovations.

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New Matilda Thursday, April 16, 2015 - 12:18 Source

Despite a huge swing against the Nationals at the NSW state election, the government has thrown support behind fracking and CSG mining.

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MacroBusiness Thursday, April 16, 2015 - 12:12 Source

From Westpac.

The post CPI preview appeared first on MacroBusiness.

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MacroBusiness Thursday, April 16, 2015 - 11:38 Source

By Leith van Onselen The ABS has released the labour force survey for March, which revealed a 0.1% seasonally adjusted fall in the unemployment rate to 6.1%, with the trend rate remaining steady at 6.2% (see below table). However, last month’s result (previously reported as 6.3% seasonally adjusted and trend) was revised down by 0.1%,

The post Unemployment falls to 6.1% appeared first on MacroBusiness.

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MacroBusiness Thursday, April 16, 2015 - 11:35 Source

By Leith van Onselen The AFR’s Greg Earl has called for greater transparency in negotiations for the Trans-Pacific Partnership (TPP) trade agreement – the US-led trade pact between 12 Pacific Rim nations, including Australia – following concerns raised by the Productivity Commission (PC), the ACCC, and the Harper Competition review: …the Productivity Commission, the Australian

The post The TPP trade deal needs transparency appeared first on MacroBusiness.

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Croakey Thursday, April 16, 2015 - 11:12 Source

The over-incarceration of Aboriginal and Torres Strait Islander Peoples is a profound threat to the health and wellbeing of communities, families and individuals, according to Summer May Finlay, a Yorta Yorta woman who works in Aboriginal health and...

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MacroBusiness Thursday, April 16, 2015 - 10:52 Source

Fortescue has released it March QTR production report and here are the highlights: A few points: volume is unchanged on the quarter but it raised annual guidance from 150 to 155 to 160 to 165 million tonnes overburden removal is collapsing, down to 67mt from 91mt in a quarter. That tells you FMG is now mining only its

The post Fortescue mines future to survive appeared first on MacroBusiness.

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MacroBusiness Thursday, April 16, 2015 - 10:42 Source

It’s awwn, from Goldies today: Up to 50% of Tier 2 iron ore output at risk of closure The outlook for the iron ore industry has become increasingly clear in the 12 months since the market fell into oversupply, and we reflect this increased confidence in our updated forecasts. We expect seaborne iron ore demand to peak in

The post Goldman destroys iron ore, RIO forecast appeared first on MacroBusiness.

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Your Democracy Thursday, April 16, 2015 - 10:29 Source
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MacroBusiness Thursday, April 16, 2015 - 09:55 Source

Not before time, from the AFR: Two staunch supporters of Australia’s mining sector, Pengana Capital and Fidelity, are adopting a wait-and-see approach…”We have enough,” Pengana Capital’s senior fund manager Tim Schroeders said. …Fidelity portfolio manager Paul Taylor said his firm is currently slightly underweight to BHP and Rio Tinto combined, relative to their benchmarks. Not underweight

The post Herd turns on big iron appeared first on MacroBusiness.

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The Melbourne Urbanist Thursday, April 16, 2015 - 09:47 Source

Are motorways the only answer to traffic congestion?

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MacroBusiness Thursday, April 16, 2015 - 09:38 Source

By Leith van Onselen I appear to have provoked a little backlash from Bernard Salt after my recent article congratulating him on recognising the downsides of rampant population growth. “Unabashed supporter of a bigger Australia”, Salt reckons he has a solution to Australia’s deteriorating economy: ramp-up the population ponzi. From The Australian: With population growth coming

The post Salt of the ponzi appeared first on MacroBusiness.

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MacroBusiness Thursday, April 16, 2015 - 09:33 Source

A ripping interview with Stan Druckenmiller via Bloomie:

The post Druckenmiller slams ZIRP appeared first on MacroBusiness.

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MacroBusiness Thursday, April 16, 2015 - 09:18 Source

By Leith van Onselen You can’t fix stupid, I guess. Following the news yesterday that the Victorian Labor Government had struck a deal to cancel the East West Link toll road project, at a cost to Victorian taxpayers of $420 million, Prime Minister Tony Abbott launched a childish tantrum, claiming that the State Government has

The post Abbott throws howling East-West Link tantrum appeared first on MacroBusiness.

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Croakey Thursday, April 16, 2015 - 09:15 Source

Last year, more than 2,000 individuals and organisations made submissions to the 2014 Review of Mental Health Programmes and Services, which was undertaken by the National Mental Health Commission to terms of reference provided by the Federal...

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MacroBusiness Thursday, April 16, 2015 - 09:11 Source

By Chris Becker Oil has surged past significant resistance alongside US stocks where the earnings season has surprised on the upside, as the ECB held its fire last night in its meeting last night, protests aside. This should translate into a bullish day here in Asia after the poor Chinese GDP print. Recapping those moves

The post Macro Morning (oil pours it on) appeared first on MacroBusiness.

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Popular Science Thursday, April 16, 2015 - 09:09 Source

Storms here on Earth might be devastating events that can last for days and bring cities to their knees, but that's nothing compared to Saturn's storms. Massive thunderstorms complete with lightning and high winds can cover an area roughly the same size as our planet and can last for months, circumnavigating the gas giant in the process.

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Popular Science Thursday, April 16, 2015 - 09:09 Source

Whether it's a nervous habit or done just by accident, most people crack their knuckles every once in a while. But the reason why joints crack at all (and the long-term effects of cracking) has been the subject of much debate in the scientific community. With the help of a real-time MRI image, a group of Canadian and Australian researchers could help settle the debate once and for all. Their work was published today in PLOS One.

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Popular Science Thursday, April 16, 2015 - 09:09 Source

Over the past decade, cancer treatment has become increasingly sophisticated, harnessing a patient's own immune system to fight tumors, or decoding the genome to figure out and fix exactly which genes are out of whack.

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Popular Science Thursday, April 16, 2015 - 09:09 Source

When a whale dies in the ocean, its carcass sinks slowly to the seafloor, becoming a smorgasbord for many different kinds of marine creatures. One of the weirdest of these opportunistic scavengers is a group of worms known as Osedax, a genus of bone-eaters found in oceans all over the world.

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Popular Science Thursday, April 16, 2015 - 09:08 Source

Drones offer a lot of potential for farmers, from shining lights on crops at night to better tracking just how well crops are growing. At an asparagus farm in the Netherlands, some farmers decided to use the drones for a more novel purpose: carrying the crop itself straight to the restaurant. It was supposed to be a cheery gimmick, a unique way to start off the harvesting season. And then the drone caught fire. Watch it burn!

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Popular Science Thursday, April 16, 2015 - 09:08 Source

Just a week after NASA scientists announced their certainty of finding alien life within the next 20 years, a team of scientists say they've found no obvious signs of advanced extraterrestrial life after searching 100,000 galaxies.

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Popular Science Thursday, April 16, 2015 - 09:08 Source

That dreaded “low battery” warning on your digital camera may soon become a thing of the past. Several groups are trying to engineer cameras that are solar-powered, no plugs necessary. Researchers at Columbia University have developed a novel design in which each of the camera's pixels can both collect light as an energy source and capture an image.

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Popular Science Thursday, April 16, 2015 - 09:08 Source

Earlier today, a postman from Ruskin, Florida, landed a gyrocopter on the east lawn of the United States Capitol building. Doug Hughes claimed his flight was intended as a nonviolent protest against corruption, and shortly after landing he was apprehended by police.

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Table Talk: Bob Ellis on Film and Theatre Thursday, April 16, 2015 - 08:49 Source

I beseech all respondents to put double spaces between their paragraphs, as I tire of correcting them. They are much more readable, and more authoritative. I am putting up more and more on Ellis Gold, and will inaugurate on it …

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MacroBusiness Thursday, April 16, 2015 - 08:39 Source

From Matthew Stevens at the AFR: There is a clause in each and every one of WA’s iron ore mining agreements that says an operator must “ship from the company’s wharf all iron ore mined from the minerals lease and sold and use its best endeavours to obtain therefore the best price possible having regard

The post Somebody slap Colin Barnett awake appeared first on MacroBusiness.

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Your Democracy Thursday, April 16, 2015 - 08:28 Source

conservatives

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Table Talk: Bob Ellis on Film and Theatre Thursday, April 16, 2015 - 08:27 Source

Julie Bishop did not condemn Saudi Arabia for beheading a girl who had killed her sexually aggressive employer. ‘Saudi Arabia is our ally,’ she said, ‘and beheading women is in their culture, which it would be wrong of us to interfere with. We did not criticise them when eighteen of them took out the Twin Towers, killing several Australians, and we are not about to start now.’

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New Matilda Thursday, April 16, 2015 - 08:13 Source

A new poll shows the gap between public opinion and the facts.

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MacroBusiness Thursday, April 16, 2015 - 08:10 Source

By Leith van Onselen Ahead of the release of the Federal Budget next month, the Australian Council of Social Service (ACOSS) has called on the Government to unwind negative gearing by preventing rental losses from being claimed against unrelated wage/salary income, along with reducing the 50% discount on capital gains tax (CGT) for assets held for

The post ACOSS calls on Hockey to unwind negative gearing appeared first on MacroBusiness.

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