Blogotariat

Oz Blog News Commentary
Croakey Wednesday, May 20, 2015 - 08:48 Source

The Federal Government appears to have gotten away, politically at least, with the massive cut it made in last year’s Budget to funding promised to the states for hospitals, says the Grattan Institute’s John Daley. For all the protests,...

Read more on the blog...

Read more Views: 12
MacroBusiness Wednesday, May 20, 2015 - 08:43 Source

By Leith van Onselen In an encouraging development, Treasurer Joe Hockey has backed South Australia’s plan to abolish stamp duties for home buyers in exchange for a broad-based land tax that includes the family home. From The Herald-Sun: In an interview with The Advertiser, Mr Hockey said SA would have an “early adopter” advantage by

The post Hockey endorses dumping stamp duty for land tax appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Read more Views: 99
Table Talk: Bob Ellis on Film and Theatre Wednesday, May 20, 2015 - 08:30 Source

It seems that no-one much likes the ‘Ancient Morrison’ task. It might be better if another challenge were were substituted.

An alternative National Anthem, to the tune of ‘Advance Austrlalia Fair’, or ‘There Is A Land Of Golden Skies’, or ‘I Am, You Are, We Are Australian’, or ‘I Still Call Australia Home’.

The words must fit the tune exactly.

Read more Views: 10
MacroBusiness Wednesday, May 20, 2015 - 08:10 Source

By Leith van Onselen The federal Labor Opposition is preparing to fight the next election on superannuation concessions, holding firm to the belief that the current system is wholly unsustainable and the Government’s “no touch” approach is fiscally irresponsible and inequitable. From The Guardian: Budget figures show that the accumulated cost of concession for superannuation

The post ALP draws battle lines on superannuation appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Read more Views: 8
MacroBusiness Wednesday, May 20, 2015 - 08:07 Source

Here are the iron ore charts for May 19, 2015: Qingdao spot was hammered lower yesterday some 3.5% to $58.53 while Tianjin benchmark lost 60 cents to $58.40. Singapore is weak and trading sideways. Dalian is weakening and dropped another 4 points overnight to 415. Worst of all, rebar average is sailing southwards with no

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

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Read more Views: 10
MacroBusiness Wednesday, May 20, 2015 - 07:30 Source

The Brent oil price was hammered last night over 3% and sits at $64.33 this morning. The reasons will be familiar with readers: oil abundance, OPEC pumping, shale bottoming and add a rising US dollar. The backdrop remains hostile to higher oil. Global surplus production is still large and persistent, from Oilprice.com: John Kemp also

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

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Read more Views: 9
George Monbiot Wednesday, May 20, 2015 - 07:11 Source

The astonishing, multiple crises caused by chicken farming.

By George Monbiot, published in the Guardian 20th May 2015

It’s the insouciance that baffles me. To participate in the killing of an animal: this is a significant decision. It spreads like a fungal mycelium into the heartwood of our lives. Yet many people eat meat sometimes two or three times a day, casually and hurriedly, often without even marking the fact.

Read more Views: 15
The Australian Independent Media Network Wednesday, May 20, 2015 - 06:33 Source

By Ross Sharp

“What are you doing?!” the nurse snaps at the man in the bed opposite mine.

The man is a recalcitrant patient. He will not take his medicine as he does not like the taste. There is something wrong with his bowels, his insides, and he is now shitting on the floor. He is about to get back into his bed, and the nurse says, sternly, “Stay where you are. I’m not cleaning up the bed as well”, and he stays where he is. She calls for a cleaner, and then attends, briefly, to the other patients in the room, of which I am one of four.

“All the good jobs,” I say to her.

Read more Views: 73
Your Democracy Wednesday, May 20, 2015 - 05:11 Source

 

guns, greed and god...

That's right, even Rand Paul is proposing to increase defense spending. And the rest of them are sounding more like cartoon movie heroes than presidential candidates on the stump (perhaps lending some support to that American Sniper theory).

read more

Read more Views: 6
MacroBusiness Wednesday, May 20, 2015 - 00:19 Source

It’s still not much of a pre-iron ore inquiry debate. There is little or no understanding of how the market works, lot’s of flip-flopping between  false dichotomies and media that can’t think beyond what the companies themselves are saying. But it is, nonetheless, turning against Mr Forrest, at least today. The confusion is coming right

The post Iron ore war turns on Twiggy appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Read more Views: 16
MacroBusiness Wednesday, May 20, 2015 - 00:03 Source

From Investing in Chinese Stocks: First-tier home prices are rising, but analysts are cautious about extrapolating nationally due to inventory in third- and fourth-tier cities, iFeng: 楼市回暖房价还会涨吗 几大专家抛出重磅观点: The latest studies suggest that China will cancel the deposit ratio, releasing about 7 trillion of credit funds. That will stimulate housing prices? Minsheng Securities analyst Li Qilin

The post Can China property rebound? appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Read more Views: 14
MacroBusiness Wednesday, May 20, 2015 - 00:01 Source

Global Macro / Markets / Investing: Hedge Funds Close Doors, Facing Low Returns and Investor Scrutiny - New York Times Hedge funds’ conspiracy of mediocrity keeps fees high – Fortune Nobel Winner’s Math Is Showing S&P 500 Unhinged From Reality – Bloomberg Human Stock Pickers Gain Against Indexes – Wall Street Journal When Central Bankers

The post Links 20 May 2015 appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Read more Views: 15
Prosper Australia Tuesday, May 19, 2015 - 21:25 Source

PRESS RELEASE 19 May 2015 MELBOURNE:- Federal Treasurer Joe Hockey has endorsed moves by South Australia to abolish Stamp Duty and replace it with a nil exemption, broad-based land tax. He said the cost of an annual land tax would likely be less in the long term than upfront stamp duty. “This exercise in ‘experimental […]

Read more Views: 23
Croakey Tuesday, May 19, 2015 - 21:23 Source

When Croakey’s #JustJustice campaign was launched last month by Aboriginal and Torres Strait Islander Social Justice Commissioner Mick Gooda, it prompted this heartfelt tweet from Sue Miers, the Chairperson of the National Organisation for...

Read more on the blog...

Read more Views: 13
The Australian Independent Media Network Tuesday, May 19, 2015 - 19:11 Source

By Dr Anthony Horton

World Bank Lead Economist Gayatri Acharya has highlighted Australia’s “glorious distinction” of being the first country to remove a carbon price in a presentation in Melbourne on 5 May 2015. She noted that on the world map of carbon pricing which includes 60 countries, Australia was no longer coloured in.

See a 2013 World Bank map of Carbon pricing systems here.

Read more Views: 12
Hoyden About Town Tuesday, May 19, 2015 - 18:32 Source

Just come up to the rooftop. I'll be the only middle-aged woman up there wearing a scarf reminiscent of Tom Baker in Doctor Who.

[This content summary is customised for content-aggregator sites. Click through to http://hoydenabouttown.com to read the full post.]

Read more Views: 13
En Passant Tuesday, May 19, 2015 - 18:06 Source

This was the lead letter in the Australian on Tuesday. The comparison between turning back Jews fleeing Nazi Germany and the Rohingya today trapped at sea is brilliant and true.

‘As Jews, the sight of desperate refugees on a ship, being refused entry to country after country, brings back memories of the German passenger ship St Louis, which, in 1939 and filled with European Jewish refugees, was turned away repeatedly, resulting in 254 passengers eventually dying under the Nazi regimen.

Read more Views: 1
Croakey Tuesday, May 19, 2015 - 17:38 Source

The National Health and Medical Research Council today released its revised Statement and Information Paper summarising the evidence on the effects of lead on human health, in which it lowered the level of lead in blood at which the sources of...

Read more on the blog...

Read more Views: 16
John Quiggin Tuesday, May 19, 2015 - 17:19 Source

After a couple of preliminary posts, here goes with my first draft excerpt from my planned book on Economics in Two Lessons. They won’t be in any particular order, just tossed up for comment when I think I have something that might interest readers here. I’ll update as I go, in response to comments and criticism; this may create some difficulties reading the comments thread, but hopefully the improvement in the final product will be worth it.

To remind you, the core idea of the book is that of discussing all of economic policy in terms of “opportunity cost”. My first snippet is about

Pareto optimality

Read more Views: 14
Cheeseburger Gothic Tuesday, May 19, 2015 - 17:14 Source

Spent a little downtime investigating tee shirts today. I've long wanted a Burger tee, but thought I might look at getting a couple of designs done for The Dave too.

The English cover art suggests itself as suitable, but for a more understated look I thought a stylised splitting maul and a line of text from the books.

Karin's espresso martini quip would do nicely.

Jog my memory about your fave lives below and I'll see what I can do.

Read more Views: 14
Table Talk: Bob Ellis on Film and Theatre Tuesday, May 19, 2015 - 16:45 Source

I will begin on Ellis Gold a longish meditation on Mad Men tonight. It may be a few days before it is up, or I may publish it in segments. In the meantime I recommend Helen Razer’s thoughts on it, …

Read more »

Read more Views: 19
MacroBusiness Tuesday, May 19, 2015 - 16:06 Source

Stan Shamu for Chris Weston, Chief Market Strategist at IG Markets Greece a persistent thorn Equities seem oblivious to some of the developments brewing in the global macro space at the moment. In the US we have equities at another record, treasury yields spiking again, the US dollar stronger while Q2 data hasn’t quite shown

The post ASX at the close appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Read more Views: 15
Prosper Australia Tuesday, May 19, 2015 - 15:40 Source

by Bryan Kavanagh reposted from On-Line Opinion Whilst in Newgate Prison (1827-1830) for the abduction of heiress Ellen Turner, Edward Gibbon Wakefield had a great idea. If you kept land prices high in the new British colonies, people could be forced to work like slaves for you. You didn’t need convict labour. If people worked […]

Read more Views: 20
MacroBusiness Tuesday, May 19, 2015 - 15:38 Source

By Leith van Onselen ISP iiNet has revealed today that it is working with a law firm to provide pro-bono legal services to the 4,700 customers alleged to have downloaded an infringing copy of Dallas Buyers Club and will soon get a letter in the mail from the studio behind the film. Customers of iiNet

The post iiNet to offer free legal advice for downloaders appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Read more Views: 16
The Idiot Tax Tuesday, May 19, 2015 - 15:29 Source

The Australian way is under attack. Two grand heroes of Australia are under pressure. Take a moment to feel for them please - even before you know who they are because they are the heart and soul of...

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Read more Views: 25
New Matilda Tuesday, May 19, 2015 - 15:15 Source

While the early polls are positive, history tells us the Coalition will have to do more to win over the electorate again.

Read more Views: 18
MacroBusiness Tuesday, May 19, 2015 - 15:11 Source

Yesterday we had a dead heat in post-Budget polling with Ipsos showing a big bounce for the Coalition and Newspoll a steady sink. Today we get the tie-breaker from Roy Morgan and the winner is the Budget: Federal L-NP support is up 2.5% since April 25/26 & May 2/3, 2015 to 49% cf. ALP 51%

The post Government takes post-Budget poll tie-breaker appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Read more Views: 18
MacroBusiness Tuesday, May 19, 2015 - 14:47 Source

From The West Australian: Colin Barnett has revealed Federal Treasurer Joe Hockey telephoned him about the prospect of a parliamentary inquiry into the iron ore industry last week and the Premier told him he “didn’t think it was a good idea”. …“I’ve said right from the outset that I believe the approach taken by the

The post Barnett abandons Twiggy inquiry appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Read more Views: 13
Renew Economy Tuesday, May 19, 2015 - 14:42 Source

The ravages of climate change could severely hurt the ability of utilities in the 11 Western states to generate power unless they “climate proof” their power grid.

Read more Views: 17
Renew Economy Tuesday, May 19, 2015 - 14:41 Source

Energy democracy can best be described as an electricity system that empowers the individuals and communities that have the energy resources of the 21st century.

Read more Views: 18

Pages