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The Australian Independent Media Network Monday, September 16, 2019 - 12:28 Source

When Attorney-General Christian Porter proposed to prioritise freedom of religion above all other human rights which are necessary for a fair, just and humane society, he gave an orange light to the most wicked entitlement and privilege. The Australian Government’s proposed Religious Freedom Bills are out for public consultation and if passed, create a plethora…

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MacroBusiness Monday, September 16, 2019 - 12:20 Source

The Australian streaming video subscription market is about to get a lot more crowded, with Disney Plus and Apple TV both due to launch in November. Based on current suggested prices, both services will be cheaper than Netflix and Amazon Prime, while Apple TV will also be more affordable than Hulu. From Android Authority: Apple

The post Battle of the “Netflix killers” appeared first on MacroBusiness.

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MacroBusiness Monday, September 16, 2019 - 12:00 Source

Via Hong Kong Free Press: Police have fired tear gas, rubber bullets and water cannon containing dye and tear spray at pro-democracy protesters, as Hong Kong entered its fifteenth week of demonstrations. The march, originally organised by the Civil Human Rights Front, was cancelled after the police objected to the event. But on Sunday, thousands

The post Hong Kong simmers on appeared first on MacroBusiness.

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MacroBusiness Monday, September 16, 2019 - 11:40 Source

WaterNSW has warned that without significant rain, Macquarie River will run dry, which could wipe out water supply to Dubbo, Cobar, Nyngan and Narromine by November: The projections from NSW’s river operator and bulk water supplier WaterNSW show without significant rain the first towns to lose water supply will be Dubbo, Cobar, Nyngan and Narromine

The post NSW approaches water Armageddon Day appeared first on MacroBusiness.

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THE BLOT REPORT Monday, September 16, 2019 - 11:37 Source

Just
over two months ago, I wrote a piece on where the Religious Discrimination bill
was likely to go, given the content of the recommendations from the Ruddock
review into ‘religious freedom’. As I demonstrated then, most of the likely
provisions were to do with the continuation of discrimination by the religious
with a little dose of protection of hate speech thrown in1. While I
have occasionally had to wade through legislation to provide reports to my
employer on topics dealing with my speciality, there are people vastly more

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Renew Economy Monday, September 16, 2019 - 11:28 Source

The UN has convened has urged countries to “come with a plan” for ambitious emissions reduction, but Australia is not expected to propose any significant new actions or goals.

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MacroBusiness Monday, September 16, 2019 - 11:20 Source

Alan Kohler climbs aboard the monetary helicopter today: QE involves printing money and buying government bonds from banks to give them cash. Why not just give the cash straight to the government? Presumably because central bankers don’t trust politicians, although why they would trust bankers more is a mystery. Anyway, fair enough, politicians are not

The post Kohler: Warm up the helicopter (money) appeared first on MacroBusiness.

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MacroBusiness Monday, September 16, 2019 - 11:00 Source

The latest Roy Morgan Research (RMR) unemployment estimate for August was steady ay 8.7%, but was down by 2.3% year-on-year: Underemployment has also fallen by 0.9% over the past year to 7.1%, with labour underutilisation tracking at 15.8% (down from 3.2% from a year ago): Below are the key points from the release: The workforce,

The post Roy Morgan unemployment improves appeared first on MacroBusiness.

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MacroBusiness Monday, September 16, 2019 - 10:40 Source

Why would anyone buy an apartment today? Via the AFR: Buyer fears about high-rise apartment fires and construction risks are causing sale times to blow out by more than 60 per cent compared with a year ago, creating bottlenecks for sellers. Lenders are also making it tougher for borrowers to buy apartments by blacklisting some

The post Defect crisis slams apartment sales appeared first on MacroBusiness.

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MacroBusiness Monday, September 16, 2019 - 10:20 Source

Still more fallout from Chinese influence today, this time Labor, at Domain: A NSW Labor MP, who is linked to pro-China community organisations, hired a staffer who completed a propaganda training course in Beijing run by the Chinese Communist Party. Upper house MLC Shaoquett Moselmane, who controversially gave a speech last year proclaiming a “new

The post China attacks Australia with impunity appeared first on MacroBusiness.

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MacroBusiness Monday, September 16, 2019 - 10:00 Source

In the lead-up to its fake population summit, which has been hijacked by ‘Big Australia’ mafia, The SMH has released a report telling Sydneysiders to get used to longer and more uncomfortable commutes as another 1.3 million people overload the city by 2030: Overcrowded trains and busier roads. An extra 1.3 million people in Sydney

The post Sydneysiders told to sacrifice living standards for migrants appeared first on MacroBusiness.

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xkcd.com Monday, September 16, 2019 - 10:00 Source

Lots of people called their ships unsinkable before the Titanic. Voicing your hubris doesn't make failure more likely, just more memorable.

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MacroBusiness Monday, September 16, 2019 - 09:40 Source

The New South Wales Government has instructed councils to keep flammable cladding locations secret in order to thwart potential terrorists from setting these buildings alight, as well as to protect apartment values. From The Guardian: In NSW, a taskforce has spent two years auditing 185,000 building records to understand how widespread flammable cladding is. Laws have been

The post Flammable cladding buildings kept secret appeared first on MacroBusiness.

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MacroBusiness Monday, September 16, 2019 - 09:20 Source

The corrupt Wayne Byers and his disgraced APRA have undertaken a new round of arse covering, from a speech Friday: APRA recently issued its four-year Corporate Plan for 2019-2023. In it, we called out four key outcomes we will be seeking to deliver for the Australian community: maintaining financial stability and resilience within the financial

The post Corrupt APRA warns on housing speculation, eggs it on appeared first on MacroBusiness.

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MacroBusiness Monday, September 16, 2019 - 09:00 Source

As we know, the global economy is on the edge of an oil shock as Saudi Arabia reels from Houthi rebel attacks. How will this impact the Australian economy and assets? The largest single impact will be on Aussie households. Petrol prices are the largest average monthly spend already, via CommSec: The mid-range shock scenario

The post Australian economy and the oil shock appeared first on MacroBusiness.

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MacroBusiness Monday, September 16, 2019 - 09:00 Source

By Chris Becker  Friday night saw US stocks tread water despite a better than expected retail sales print with US Treasury yields instead spiking higher, dragged along by German bunds despite the ECB’s Thursday announcement of easing and more QE. In currency land, Pound Sterling continued its rise while Euro made it a new monthly

The post Macro Morning appeared first on MacroBusiness.

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The Australian Independent Media Network Monday, September 16, 2019 - 09:00 Source

By RosemaryJ36   When you look back over the last 400 to 500 years, the accelerating pace of scientific discovery is really startling. It is not just how much has changed, but the increasing rate at which one discovery or resultant innovation follows another. There is an old puzzle which asks “How many times would you…

The post The growth of knowledge is getting away from us appeared first on The AIM Network.

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John Quiggin Monday, September 16, 2019 - 08:54 Source

Another Monday Message Board. Post comments on any topic. Civil discussion and no coarse language please. Side discussions and idees fixes to the sandpits, please. If you would like to receive my (hopefully) regular email news, please sign up using the following link

http://eepurl.com/dAv6sX You can also follow me on Twitter @JohnQuiggin, at my Facebook public page   and at my Economics in Two Lessons page

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Your Democracy Monday, September 16, 2019 - 08:14 Source
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MacroBusiness Monday, September 16, 2019 - 07:17 Source

DXY was own Friday night as EUR and CNY rebounded: The Australian dollar was mixed against DMs: And EMs: Gold fell: Oil fell: Metals bounced: Miners are in heaven for no known reason: EM stocks pushed higher: Junk too: Treasuries were smashed: Bunds too: And Aussie bonds: Stocks were firm: Westpac has the wrap: Event

The post Australian dollar and the oil shock appeared first on MacroBusiness.

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The Australian Independent Media Network Monday, September 16, 2019 - 06:07 Source

I am writing this letter to anyone who considers themselves as part of the left movement. Excuse my lack of salutation. I was going to address everyone with Dear Comrades; however, that only poses my first problem. I don’t know if comrades is even a fitting greeting anymore. I don’t even know where I fit…

The post An Open Letter to “The Left” appeared first on The AIM Network.

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Club Troppo Monday, September 16, 2019 - 00:29 Source

Quantitative research for social scienceThere is still, I think, not enough recognition by teachers of the fact that the desire to think – which is fundamentally a moral problem – must be induced before the power is developed. Most people, whether men or women, wish above all else to be comfortable, and thought is a pre-eminently uncomfortable process.

Vera Brittain, Testament of Youth

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MacroBusiness Monday, September 16, 2019 - 00:20 Source

Dear Mr President, This week the Prime Minister of Australia, Scott Morrison, will attend a state dinner at the White House. This is terrific honour. But there are several critical issues that you should raise with him. The first is to ask PM Morrison why his government is defending MP Gladys Liu, an ethic Chinese

The post An open letter to Donald Trump from the Australian people appeared first on MacroBusiness.

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MacroBusiness Monday, September 16, 2019 - 00:10 Source

Auction clearance rates remained strong over the weekend, with the preliminary rate nationally coming in at 75.7%, down slightly from 77.0% last weekend: Auction clearances were also way above the 51.8% recorded in the same weekend last year: Sydney’s preliminary clearance rate was 80.3%, down from 83.1% last weekend, but way above the 48.6% recorded

The post Auction clearances remain strong appeared first on MacroBusiness.

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MacroBusiness Monday, September 16, 2019 - 00:08 Source

One of the biggest myths surrounding Australia’s international student industry is the claim that it is Australia’s fourth biggest export and worth more than $35 billion in 2018, as illustrated in the next table from the Department of Foreign Affairs and Trade (DFAT): In a recent speech, Australia’s trade minister, David Coleman, spruiked the immense

The post The great “$35b” international student export myth appeared first on MacroBusiness.

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MacroBusiness Monday, September 16, 2019 - 00:05 Source

One of the more delicious ironies of the Gladys Liu Affair is that it has reversed the roles in the left versus right media. Owing to the vertical markets of Australian politics, where particular mastheads cheer on their chosen party and business sponsor regardless of mounting atrocities, the LNP drowning in Chinese Communist Party (CCP)

The post Gladys Liu “double agent” divides and conquers appeared first on MacroBusiness.

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MacroBusiness Monday, September 16, 2019 - 00:01 Source

Global Macro / Markets / Investing: Trader builds $5 billion position after realizing he wasn’t using test program, but brokerage says he can’t keep his profit – CNBC Microsoft President: Democracy Is At Stake. Regulate Big Tech – NPR Ten Thousand Years Of History Show That Expecting Big Tech To Self-Regulate Is A Fantasy –

The post Links 16 September 2019 appeared first on MacroBusiness.

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The Australian Independent Media Network Sunday, September 15, 2019 - 17:32 Source

Is “One Million Dollar Woman” Liberal Party “gun” fund-raiser, Gladys Liu, a catspaw of the Chinese Communist Party’s 2005  huaren canzheng, a policy of “ethnic Chinese participation in politics overseas” which has seen Beijing support ethnic Chinese politicians in gaining office in Canada, New Zealand, Britain and Australia? Or is Ms Liu just another reactionary,…

The post Glad all over? appeared first on The AIM Network.

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The Australian Independent Media Network Sunday, September 15, 2019 - 16:15 Source

Channel 9, when not hosting Liberal fundraisers, are one of the nation’s top investigative units. Take “A Current Affair”. More than twenty years after they found the Paxton family and managed to portray them to the nation as work-shy bludgers, they’ve found another candidate for the public pillory. The promo for tomorrow’s episode tells us: “HE’S…

The post The Wondefully Compliant Druggie Dole Bludger! appeared first on The AIM Network.

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Your Democracy Sunday, September 15, 2019 - 14:57 Source

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