Blogotariat

Oz Blog News Commentary
The Australian Independent Media Network Monday, July 27, 2015 - 08:53 Source

It is in the nature of human beings to remember the past with rose-coloured glasses. Remembering the good bits and not dwelling on the bad is a healthier way to live.

That being said, the reality of the past can help inform us about the present so we can make better decisions for the future.

The following is an article published on July 19, 2007, four months before the election that saw the end of the Howard era. The italics are my comments.

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The Piping Shrike Monday, July 27, 2015 - 07:57 Source

In 2002, the up and coming shadow Immigration Minister launched a tough new line for Labor’s policy on asylum seekers. It wasn’t popular at Conference, but the hardheads felt it was necessary. Labor had lost an election on immigration, the current leader was unpopular and seen as weak, and Labor felt the Coalition was making hay with the perception Labor was too soft on asylum seekers. Labor went on to lose the next election with what was then the lowest primary vote in the post-war period.

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Cheeseburger Gothic Monday, July 27, 2015 - 07:50 Source

A newly minted freelancer reached out to me on the Twitters a little back, asking via DM about an awkward payment dispute they were having with a publisher. Man, do I wish I could provide the details, because the villainy involved was breathtaking. But because it was so singular a piece of douche baggage I can't tell you story without providing clues to the freelancer"s identity, and they would like to keep working.

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Cheeseburger Gothic Monday, July 27, 2015 - 07:21 Source
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MacroBusiness Monday, July 27, 2015 - 01:15 Source

The jig is up for commodities. But more than that. The jig is up for inflation. A great tide of deflation is sweeping through the global economy right now and it is going to wash all before it. There are three reasons why. The first deflationary wave is the global business cycle. It is mature and turning

The post Brace for a deflationary tsunami appeared first on MacroBusiness.

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MacroBusiness Monday, July 27, 2015 - 00:35 Source

The AFR can’t believe it: In a remarkable decoupling, the standard variable home loan rate for property investors is moving higher while expectations are for the cash rate to continue to fall. …Even though the banks have for most of this calendar year been removing discounts on investor loans and tightening eligibility criteria, the pricing

The post Macroprudential astonishes with rate hikes appeared first on MacroBusiness.

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MacroBusiness Monday, July 27, 2015 - 00:34 Source

By Leith van Onselen The AFR offered more warnings over the weekend on how the investor-led housing boom is on borrowed time following the effective speed limit placed on investor mortgage growth by APRA, APRA’s higher capital requirements on the banks’ mortgage books, and the tougher lending policies already implemented by the banks. From The

The post The off-the-plan property timebomb appeared first on MacroBusiness.

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MacroBusiness Monday, July 27, 2015 - 00:33 Source

The IMF released its COFER data Friday night and it contained a surprise forAustralian dollar bears. Total foreign holdings of the battler rose in the March 2015 quarter to $113,834 million, up 4.1% in a quarter: This is US dollar values, so despite the Aussie falling 8.2% from an average 85 cents in the Dec

The post Foreign central banks buy Australian dollars hand-over-fist appeared first on MacroBusiness.

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MacroBusiness Monday, July 27, 2015 - 00:33 Source

Core Logic-RP Data released its auction market report yesterday, which revealed a slight improvement in the national auction clearance rate. The preliminary national clearance rate was 77.7%, up marginally from the 77.0% rate recorded last weekend, according to Core Logic-RP Data: Sydney’s clearance rate rose by 0.1% to 82.7%, whereas Melbourne’s was 76.5%, up from

The post Auction clearances stuck at high level appeared first on MacroBusiness.

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MacroBusiness Monday, July 27, 2015 - 00:32 Source

Mr Ross Gittins continues the campaign for national ignorance today: Rummaging through the media’s rubbish bins this week, I happened upon some good news. According to the Productivity Commission’s annual update, the productivity of labour improved by 1.4 per cent in 2013-14. And get this: in the 12-industry “market sector” of the economy, it improved by 2.5

The post Productivity remains very poor appeared first on MacroBusiness.

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MacroBusiness Monday, July 27, 2015 - 00:30 Source

Yanis Varafoukis is not finished it seems, from ekathimerini: Former Finance Minister Yanis Varoufakis has claimed that he was authorized by Alexis Tsipras last December to look into a parallel payment system that would operate using wiretapped tax registration numbers (AFMs) and could eventually work as a parallel banking system, Kathimerini has learned. In a

The post Mirabile dictu: Greece did prepare Drachma appeared first on MacroBusiness.

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MacroBusiness Monday, July 27, 2015 - 00:30 Source

By Leith van Onselen As reported by Fairfax’s John Garnaut over the weekend, Australia appears only days away from signing the controversial Trans-Pacific Partnership (TPP) trade agreement – the US-led trade pact between 12 Pacific Rim nations: “It could be done this week,” said Trade Minister Andrew Robb last night, as he prepared to depart

The post Australia only days from signing the TPP appeared first on MacroBusiness.

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MacroBusiness Monday, July 27, 2015 - 00:05 Source

Here are the iron ore charts for July 24, 2015: Qingdao spot faded but Tianjin benchmark rose 0.2% to $50.70. Singapore 12 month swaps faded too. Dalian firmed slightly but pulled a rabbit out of the hat Friday night jumping 9 points to 389, perhaps the only commodity in the world to rise. Rebar average also

The post Daily iron ore price update (major miner carnage) appeared first on MacroBusiness.

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MacroBusiness Monday, July 27, 2015 - 00:05 Source

The Brent oil price continued its march lower Friday night ending down another 2% at $54.63. The culprit was easy enough to find. The US rig count took off, up 19 TO 876: I continue to target $50 but it has to be said that if we get a decent run of rigs then we’re going

The post Daily oil price update (Holy Grail halved) appeared first on MacroBusiness.

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MacroBusiness Monday, July 27, 2015 - 00:03 Source

Uh oh, from Investing in Chinese Stocks: There will be few, if any, new ghost cities in the future because former Vice Minister of the Ministry of Housing and Urban Development, Qiu Baoxing, says leaders will be held accountable. In his speech, Qiu noted that developing countries can not rely on speculation and land to

The post China outlaws ghost cities appeared first on MacroBusiness.

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MacroBusiness Monday, July 27, 2015 - 00:02 Source

Here’s the original text from Bridgewater on its China back-flip via FTAlphaville: Totally agree. As I’ve said, steeper glide slope. The full PDF is here.

The post Ray Dalio on why he turned China bearish appeared first on MacroBusiness.

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MacroBusiness Monday, July 27, 2015 - 00:01 Source

Global Macro / Markets / Investing: Gold is doomed – Washington Post Junk-Debt Market Rocked as Cautious Creditors Stymie New Deals – Bloomberg Hedge Funds Hold First Ever Net-Short Position in Gold – Bloomberg Emerging market currencies crash on Fed fears and China slump – The Telegraph The Three Cs Keeping CFOs Up At Night:

The post Links 27 July 2015 appeared first on MacroBusiness.

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The Australian Independent Media Network Sunday, July 26, 2015 - 22:19 Source

There’s something odd about Bronwyn Bishop and Sophie Mirabella’s wedding.

You most probably think that the odd thing is “why would anybody want to invite Bronwyn Bishop to their wedding?”

No, that’s not it.

Or you might think that it’s odd that anyone would want to attend Sophie Mirabella’s wedding anyway.

No, that’s not it either.

This is what I think is odd:

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Croakey Sunday, July 26, 2015 - 20:13 Source

There are so many reasons that people working in the health sector should consider supporting the @IndigenousXLtd crowdfunding campaign, according to Dr Tim Senior, a GP who works in Aboriginal health. Check them out below – and have a listen...

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The Australian Independent Media Network Sunday, July 26, 2015 - 20:00 Source

By Loz Lawrey

In the Australian political sphere, clear, well-defined and distinct philosophical approaches have always informed policymaking on both sides of the political divide.

Right-wing pundits see themselves as living in the “real world”, dismissing dissenting views as those of “leftist dreamers”. Labor voters tend to draw inspiration from our shared vision of the “light on the hill”.

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The Political Sword Sunday, July 26, 2015 - 18:30 Source

[The opening of Australia’s first parliament by Tom Roberts]

Last week I gave a brief outline of how the Westminster parliamentary system evolved in England. Then came Australia which largely adopted the British parliamentary system and recognised the British monarch as head of state.

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En Passant Sunday, July 26, 2015 - 18:27 Source

This is the podcast of my interview with Sue Gilbey and Clayton Werner today on Radio Adelaide FM 101.5 Digital in their 30 minute segment called a Peace of the Action.

We discussed among other things the lack of mass struggle in Australia today, social media, tax and tax avoidance, and I mentioned socialism, my background, the struggles around refugees and same sex marriage to name a few things.

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The Australian Independent Media Network Sunday, July 26, 2015 - 18:00 Source

By Keith Davis

There is so much to love about Australia. We love living here, and visiting celebrities are wise enough to say how much they love visiting here. We see ourselves as egalitarian, as fair and open-minded, as welcoming, and as free as the kangaroos jumping about in the paddocks. We are also a tad delusional.

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The Australian Independent Media Network Sunday, July 26, 2015 - 17:35 Source

To save Bill Shorten’s shaky leadership, the Labor Right were successful in getting refugee turnbacks through the ALP National Conference only by capitulating to the Left on a range of other policy measures.

The Australian Labor Party National Conference has dominated the news headlines for the better part of a week.

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Croakey Sunday, July 26, 2015 - 15:54 Source

(Update, 27 July: A comment from the Federal Department of Health has been added at the bottom of this post Update, 28 July: An open letter from health academics at UTS has been added to this post) Doctors and academics are warning the Federal...

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Club Troppo Sunday, July 26, 2015 - 15:19 Source

Here’s something I only noticed while writing a short piece for INTHEBLACK magazine: the rise of globalisation is not only slowing down almost to a halt, but in some places (like the Netherlands) may have been slowing down since around the turn of the century. That’s well before the global financial crisis and indeed before the global economic boom of the early 2000s.

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The Idiot Tax Sunday, July 26, 2015 - 14:46 Source

If you want to a grand spectacle of over-regulation, under-regulation and bald faced lies told to a populace on a daily basis, come to Australia. You can marvel as the peeps you meet bend over and...

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The Australian Independent Media Network Sunday, July 26, 2015 - 13:38 Source

In 2013, with 4.3 per cent of the primary vote, the Nationals won 9 seats in the House of Representatives. The Greens, with 8.6 per cent of the primary vote, won one.

But even with this disproportionate representation, the National Party seem unwilling or unable to act in the best interests of their constituents.

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The Australian Independent Media Network Sunday, July 26, 2015 - 12:22 Source

“Alan Jones, on your radio program, you often abuse, berate and belittle callers with whom you disagree. On Q&A, you are reasoned and respectful of the people asking questions, to the extent that I sometimes think you’re not as bad as you’d like us to think. Is your radio persona pure entertainment and, if so, who is the real Alan Jones, and do you believe that you are using your platform in a responsible way that encourages constructive debate?” Anthony Johnsen, Q&A 20th July

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The Australian Independent Media Network Sunday, July 26, 2015 - 11:23 Source

Recently, Greens leader Richard Di Natale stepped up to the plate and called for bipartisan support for drug law reform. He believes we can start by adopting the Portugal approach which involves treating drug addiction as a medical issue rather than a criminal matter.

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