Blogotariat

Were green targets to blame for the Grenfell Tower fire tragedy? Murdoch columnists in Australia say so, but here's a debunk to this ugly nonsense.

The MacroBusiness moniker, Reynard the Fox, represents why the blog exists. Reynard is an archetype of the “trickster”, the joker or court jester who cuts through the hypocrisy of the day to tell the plain truth. Crucially, it is done from the inside. Reynard is not a rebel or revolutionary, he is a satirist, an

The post Does Australia need Revolution? appeared first on MacroBusiness.

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Drip, drip, drip. The Dumb Bubble cops another downgrade in Australia: Moody’s Investors Service has today downgraded the Baseline Credit Assessments (BCAs), long-term ratings and Counterparty Risk Assessments (CRAs) of 12 Australian banks and their affiliates, reflecting elevated risks in the household sector which heighten the sensitivity of the banks’ credit profiles to an adverse

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The AFR has one dodgy compass some days: Alex Malley had a choice: money or fame. He chose both, a fateful decision that led to what seems to be his inevitable downfall, if not as chief executive of CPA Australia, then at least of a man respected by his business peers and members. …Where they noticed,

The post How the Naked CEO blew it appeared first on MacroBusiness.

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High School Genetic Diversity and Later-life Student Outcomes: Micro-level Evidence from the Wisconsin Longitudinal Study
by C. Justin Cook, Jason M. Fletcher – #23520 (EFG LS)

Abstract:

THE PROPHETIC QUESTION IS POSEDThe Sydney Morning Herald, 6 July 2016:Should Derryn Hinch really be a senator?......One of the outcomes of Saturday's federal election is that Victorians now have as one of their 12 representatives in the Senate a man who has over the past 30 years been to jail twice and fined $100,000 for breaching court orders, and who has been roundly criticised by the High Court for undermining the right of an accused person to a fair trial.

By Leith van Onselen The Victorian Liberal Party has continued its new found crusade against Melbourne’s break-neck population growth, releasing a blue print to divert population growth to the regions. From The Age: Tax breaks, new job zones and geographically targeted visas could be used to encourage more people to move to country towns in

The post VIC Liberals launch decentralisation pipe dream appeared first on MacroBusiness.

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By Leith van Onselen Back in December 2015, Prime Minister Malcolm Turnbull launched his National Innovation and Science Agenda under much fanfare. According to Turnbull, this agenda would “invest $1.1 billion to incentivise innovation and entrepreneurship, reward risk taking, and promote science, maths and computing in schools”, and was to include tax concessions and tax

The post Turnbull’s innovation agenda has failed dismally appeared first on MacroBusiness.

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Global Macro / Markets / Investing: This Is The Most Hideously Overvalued Market In History – Zero Hedge Fractional-Reserve Banking and Money Creation – Mises Why blockchains fail and decentralization succeeds – Venture Beat Goodbye, Yellow Brick Road – WSJ Bond Traders Still Come Out as Winners After Four Fed Rate Hikes – Bloomberg Has the meteoric rise of passive

The post Links 20 June 2017 appeared first on MacroBusiness.

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by Chris Becker Its a bright start to the week with Japanese stocks leading the way across Asia as safe haven buyers retreated away from Yen and filled in to commodity proxies like the Aussie and Kiwi. In mainland China the Shanghai Composite is up over 0.5% going into the close at 3137 points, still

The post Macro Afternoon appeared first on MacroBusiness.

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Billed as a "once in a generation" opportunity to bring Australia's energy market into the 21st Century, the Finkel Review is rapidly being reduced to absurdist arguments about the lights going out – by the very government that commissioned it. So much for Grid 2.0.

From AMP: The pricing and policy changes for investment property loans, include: Variable interest rates for new and existing investment property loans will increase by 35 basis points For all new investor property loans, the maximum loan-to-value ratio (LVR) is reducing to 50%. This change applies to all new loans with an investment property as

The post AMP joins rate hike charge appeared first on MacroBusiness.

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It's not clear that there is a sufficient reward to justify much new investment in storage and firming capacity, given the presence of Snowy, Tas Hydro, and existing gas and coal generation.