Blogotariat

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Pauline Hanson cloaked her xenophobia in the cloth of liberating women, but taking her lead from Trump, her real aim is to unite the forces of fascism and white supremacy and build her electoral and social base.

The post View from the pit appeared first on MacroBusiness.

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Jerry Lewis, the comedian and filmmaker who was adored by many, disdained by others, but unquestionably a defining figure of American entertainment in the 20th century, died on Sunday morning at his home in Las Vegas. He was 91.

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Via Paul Kelly: When a parliament is discredited the presiding government usually pays a fatal price. The current parliament is discredited and dysfunctional on fiscal, legal and symbolic grounds, our democracy continues to be damaged and the decline in trust in our institutions is intensifying. Just as the Tony Abbott-led opposition in 2010-13 was pivotal

The post Canberra is now one giant control fraud appeared first on MacroBusiness.

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DXY fell Friday night: AUD was up against DMs: But down against EMs: Gold was up a bit: Brent roared as the US rig count fell: Base metals were mixed: EM stocks firmed: High yield was mixed: Big miners stable: US yield edged up: Not European: Stocks edged down: The White House conflict is over

The post Trump fires a fall guy, now what? appeared first on MacroBusiness.

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Via The New Daily: It is a sad state of affairs to realise that the current crop of Australian policy-makers have effectively given up on reducing unemployment. Treasury reckons that the lowest the unemployment rate can go without there being a wages and inflation breakout is around 5.25 per cent. The Reserve Bank of Australia

The post Kouk attacks immigration-led labour market appeared first on MacroBusiness.

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The Australian has the story to ruin household’s day: Peter Costello, chairman of the nation’s $130 billion Future Fund, has urged the Reserve Bank to lift interest rates now to avoid households’ taking on more debt, which he says is contributing to “massive imbalances” in the economy. The nation’s longest-serving treasurer also expressed concern that

The post Costello: Hike interest rates now appeared first on MacroBusiness.

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This month in South Australia……ABC News, 17 August 2017:State Liberal MP for Mount Gambier Troy Bell has resigned from the party after being charged with stealing a substantial amount of taxpayers' money.Liberal Party state director Sascha Meldrum confirmed she had received and accepted Mr Bell's resignation on Thursday.The first-term MP intends to remain in Parliament and has released a statement saying he is "innocent of these allegations of theft and dishonesty and will defend them in court".Last week, Mr Bell was charged wi

Via Westpac: PulseAugust2017 ― Getting a precise fix on Australia’s housing markets remains tricky. Sentiment and lead indicators continue to point to a material slowdown and turnover is showing a renewed decline. However the picture around price growth is much less clear cut, with some moderation overall but trends varying greatly across capital cities –

The post Already time for more macroprudential? appeared first on MacroBusiness.

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Via CoreLogic: Preliminary clearance rate increases to 71.7 per cent, while auction volumes remain steady This week across the combined capital cities, the preliminary auction clearance rate rose to 71.7 per cent, up from last week when the final clearance rate fell to 67.5 per cent. There were 2,041 capital city auctions this week, virtually

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Via AFR: The Chinese government has moved to halt “irrational” overseas investments by restricting purchases of real estate and entertainment assets, a decision which could dent demand for Australian assets. The move, designed to curb capital outflows and lessen downward pressure on the Chinese currency, also compels mainland companies to align themselves more closely with Beijing’s foreign

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Newspoll breaks out of its 53-47 straitjacket to record a 54-46 lead for Labor, from primary vote of Coalition 35% (down one), Labor 38% (up two), Greens 9% (down two) and One Nation 9% (up one). Leadership ratings also record substantial change for the first time a while, with Malcolm Turnbull down three on approval to 35% and up five on disapproval to 55%, and Bill Shorten down two to 34% and up three to 54%. Malcolm Turnbull leads 43-33 as preferred prime minister, down from 46-31 last time. The poll was conducted from a sample of 1675 from Thursday to Sunday.

By Ad astra A year or two ago, how many would have known what the word algorithm meant? Now it is a word in common use. It crops up whenever automation or artificial intelligence is mentioned. The term ‘automation’ once conjured up images of robots doing manual tasks; now it encompasses intellectual or cognitive tasks…

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