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Harrangue Man Thursday, October 12, 2017 - 11:12 Source

So that happened. I coughed and a great goob honked out of my mouth and right onto the false beard I "won" from a carnie at a country show in my hometown in the '80s.Much like teasing it from a keyboard it had to be done carefully lest a chunk is left behind and crusting occurs and a cone of hair appears from the beard from the dried up honk-spittle.Within the beard's mouth hole I have the puck-sized mirror designed for side mirrors on cars so you could see what was in your blind spot but which I used for my workplace.

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MacroBusiness Thursday, October 12, 2017 - 09:56 Source

By Leith van Onselen Domain (formerly Australian Property Monitors) has released its State of the Market Report for the September quarter, which posted a fall dwelling prices fell across both Sydney and Australia. The below tables show the change in stratified median prices for both houses and units: As you can see, there is a

The post Domain: Sydney house prices fall sharply in Sep QTR appeared first on MacroBusiness.

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MacroBusiness Thursday, October 12, 2017 - 09:41 Source

Via Domainfax: In a searing assessment of the Coalition’s chances of recovery, John Hewson told Fairfax Media that Mr Turnbull looked weak for failing to assert his past commitments on climate change, tax policy and marriage equality, and for refusing to call out Mr Abbott despite the growing absurdity of his arguments. Dr Hewson cited Mr

The post Hewson: Turnbull is weak (meh, it’s worse) appeared first on MacroBusiness.

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The Australian Independent Media Network Thursday, October 12, 2017 - 09:41 Source

Climate Change and its Effect on Biodiversity My! … That’s a big one! Well, the name “Climate Change” speaks for itself. There’s no mistaking that title. But what of “Bio-diversity”? Life-diversity = Diverse life. What is that in regards to where we live and how will it be affected with slow or dramatic alteration? Years…

The post Completely and totally at the mercy of the environment appeared first on The AIM Network.

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MacroBusiness Thursday, October 12, 2017 - 09:31 Source

By Leith van Onselen The latest Roy Morgan Research (RMR) unemployment estimate for September registered a 1.1% decline in the unemployment rate over the month but a 0.6% increase over the year, with underemployment also rising significantly: Below are the key points from the release: In September 1.202 million Australians were unemployed (9.1% of the

The post Roy Morgan unemployment begins to rise appeared first on MacroBusiness.

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MacroBusiness Thursday, October 12, 2017 - 09:00 Source

By Chris Becker Last night saw US stocks closing  at record highs – again – after the Federal Reserve released a summary from its last meeting, where it signalled an interest rate hike in December is increasingly likely despite low levels of inflation. European markets stabilised following the Catalan issue in Spain while commodity prices recovered.

The post Macro Morning appeared first on MacroBusiness.

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Your Democracy Thursday, October 12, 2017 - 08:56 Source
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MacroBusiness Thursday, October 12, 2017 - 08:28 Source

There is nothing like a new fashion among the elites. It could be Teslas, a shift to Vale from Whistler for winter breaks or a move from Bulgari to Channel couture. But this Spring it is none of those. No. The latest trend among the wankers is wages growth virtue signalling! To wit, from Bill

The post Wages growth virtue signalling sweeps the oligarchs appeared first on MacroBusiness.

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MacroBusiness Thursday, October 12, 2017 - 07:36 Source

DXY slumped after Fed minutes and now has the perfect head and shoulders bottom set up which may prove meaningless: AUD jumped but is still broadly weak against EUR: And EMs: Gold rose: Brent too: Base metals are in La la land: And EM stocks are way overheated: High yield meh: Us yields roared but

The post Fed spikes Australian dollar again appeared first on MacroBusiness.

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Renew Economy Thursday, October 12, 2017 - 06:45 Source

Queensland renewables and storage tender attracts proposals amounting to 9,000MW of wind, solar and biomass, and 6000MW of storage.

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MacroBusiness Thursday, October 12, 2017 - 06:28 Source

Via Domainfax: Unions, business and the federal Parliament should come together and strike a “radical” grand bargain that would deliver a much-needed pay rise for ordinary Australians, Labor leader Bill Shorten says. …In the speech, the Opposition Leader argued Australia is in danger of having growth without prosperity, and there has been a growing divide

The post Shorten tilts at wages “grand bargain” windmill appeared first on MacroBusiness.

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John Quiggin Thursday, October 12, 2017 - 06:27 Source

I have a piece in The Conversation about the decision to cut weekend penalty rates. This decision needs to be put in the context of forty years of policy aimed at pushing down wages, eroding conditions (such as the weekend) and weakening the position of unions.

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The Australian Independent Media Network Thursday, October 12, 2017 - 06:00 Source

Thursday 12 October 2017 In the recipe of what a democracy is there are many ingredients, but simply explained it is a political system where like-minded people come together to form ideas that become a philosophy. They then become the foundation of political parties. These ideologies pull in different directions in a quest for majority…

The post Day to Day Politics: Abbott’s role in the demise of our democracy. appeared first on The AIM Network.

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The Australian Independent Media Network Thursday, October 12, 2017 - 01:53 Source

It has been said that one of Tony Abbott’s strengths is his conviction.  In 2005, one of his Liberal colleagues summed him up this way. “Tony Abbott is the genuine article. The conviction politician who will use his muscle to cajole, bully, smash his way through.  Abbott’s ability to yell from the rooftops what he…

The post Let’s face it, Abbott is one seriously screwed-up little dude appeared first on The AIM Network.

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MacroBusiness Thursday, October 12, 2017 - 00:30 Source

It is always wrong but right now nobody stands for anything! The Coalition is a centre-Right, liberal-leaning, small government party with a penchant for individualism and personal, as well as national, security. Yet today it’s major policy platforms are: anti-science and anti-climate change, especially market solutions; anti-markets and innovation in its embrace of rent-seekers; anti-competition

The post Politics has pulled a Costanza appeared first on MacroBusiness.

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MacroBusiness Thursday, October 12, 2017 - 00:29 Source

There are many reasons why Australian power costs have risen over the past decade. But what has happened recently is decidedly uncomplicated. We’ve had a gas price shock owing to excessive exports. That has driven up the price of power because gas is the marginal price setter in the power market too. The chaos engulfing the energy

The post Do-nothing Malcolm is more corrupt than Enron appeared first on MacroBusiness.

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MacroBusiness Thursday, October 12, 2017 - 00:26 Source

By Leith van Onselen REA chief economist, Nerida Conisbee, has penned another self-serving article claiming that “cutting immigration won’t help housing”: There’s no doubt that the more people there are living in Sydney and Melbourne, the higher property prices go. This has led to some commentary about migration levels needing to be cut so that

The post REA locust: “Cutting immigration won’t help housing” appeared first on MacroBusiness.

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MacroBusiness Thursday, October 12, 2017 - 00:25 Source

By Leith van Onselen From Sam Jacobs at Business Insider comes yet another report on the torrent of Chinese money flooding Australia’s property market: New restrictions on foreign investors are unlikely to stop the flow of housing demand from China, according to Credit Suisse analysts Hasan Tevfik and Peter Liu. And crackdowns on capital outflows

The post Government turns blind eye as Chinese money floods Aussie property appeared first on MacroBusiness.

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MacroBusiness Thursday, October 12, 2017 - 00:20 Source

By Leith van Onselen Several pieces of data have come to light illustrating just how bad Perth’s housing market is traveling at present. First, CoreLogic’s latest dwelling value results revealed that Perth dwelling values registered their 13th consecutive quarterly decline: Whereas values were also down by 2.9% in the year to September: The fall in

The post Perth housing bust rolls on appeared first on MacroBusiness.

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North Coast Voices Thursday, October 12, 2017 - 00:16 Source

Monash University, Border Crossing Observatory:The Australian Border Deaths Database maintains a record of all known deaths associated with Australia’s borders since 1 January 2000.The database was begun by Professor Sharon Pickering and Associate Professor Leanne Weber as part of BOb’s Deaths at the Global Frontier project,

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North Coast Voices Thursday, October 12, 2017 - 00:15 Source

On 4 October 2017 Australian mainstream media began to publish articles predicting increases in summer temperatures, with 50C extremes becoming common by the end of the century.The articles spoke of associated increased health risks and heat-related urban infrastructure stress.

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MacroBusiness Thursday, October 12, 2017 - 00:10 Source

By Leith van Onselen ASIC’s has released its review of interest-only lending, which has put both banks and mortgage brokers on notice to tighten up their selling of interest-only loans or risk regulatory intervention: ASIC has concluded the first stage of its targeted review, which involved data collection from 16 home loan providers (including large

The post ASIC puts sub-prime interest-only lending on notice appeared first on MacroBusiness.

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MacroBusiness Thursday, October 12, 2017 - 00:05 Source

Iron ore price charts for October 11, 2017: Tianjin benchmark was hit $1.30 to $57.80. Dalian held on overnight. Coking coal did better. Steel futures are breaking down. Reuters has texture: Inventory of rebar, a construction steel product, among Chinese traders rose by more than 250,000 tonnes from Sept. 29 to 4.36 million tonnes on

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

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MacroBusiness Thursday, October 12, 2017 - 00:01 Source

Global Macro / Markets / Investing: The Market’s Got It Wrong – Daily Reckoning Global Economic Upswing Creates a Window of Opportunity – IMF Are Electric Vehicles Pushing Oil Demand Over a Cliff? – Inside Climate News OPEC Secretary General urges U.S. shale oil producers to help cap global supply – Reuters World Bank chief

The post Links 12 October 2017 appeared first on MacroBusiness.

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Inside Story Wednesday, October 11, 2017 - 18:05 Source

JENNIFER sits poised on the edge of a large leather armchair, one of several plush lounges decorating the expansive lobby of the high-rise building where she works in Melbourne’s CBD. She is composed and smartly dressed. If she’s nervous about sharing the intimate details of her life with a stranger, she shows no sign of it.

She speaks quietly and surely, describing the ups and downs that have shaped her first twenty-one years, and her ambitions to move up the ladder at the call centre where she has worked for the past three years. Eventually, she hopes to establish an IT business with her boyfriend.

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MacroBusiness Wednesday, October 11, 2017 - 17:00 Source

by Chris Becker Stocks in Asia were generally positive today with a retreating USD helping as well, as turmoil surrounding geopolitical tensions in Korea and Turkey simmered today. A lack of catalyst economic prints is also smoothing the volatility across the region. In mainland China the Shanghai Composite really wants to climb up through resistance at

The post Macro Afternoon appeared first on MacroBusiness.

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Your Democracy Wednesday, October 11, 2017 - 16:12 Source
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Poll Bludger Wednesday, October 11, 2017 - 16:01 Source

The Advertiser has sprung into action after Nick Xenophon’s announcement he would contest the eastern Adelaide seat of Hartley for his SA Best party at the March state election, by commissioning a Galaxy automated phone poll of 516 respondents in the electorate. This has Liberal incumbent Vincent Tarzia on 38%, Xenophon on 35%, Labor on 17%, Greens on 6% and Australian Conservatives on 3%. On respondent-allocated preferences, this translates into a 53-47 lead to Xenophon.

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MacroBusiness Wednesday, October 11, 2017 - 14:57 Source

Shame on the rest of sad sack of carpet-baggers: The court of disputed returns should not reward “negligence” by letting off parliamentarians who did not take “reasonable steps” to investigate their dual citizenship, the lawyer for Greens Larissa Waters and Scott Ludlam has argued. In the second day of eligibility hearings on Wednesday, Brian Walters argued the

The post Greens hold their heads up in High Court appeared first on MacroBusiness.

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Renew Economy Wednesday, October 11, 2017 - 14:51 Source

'New energy sector' innovator Darius Salgo is joining Wattwatchers in a part-time business development role with a focus on Australian and international market opportunities.

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