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Your Democracy Wednesday, April 22, 2015 - 07:00 Source

outrageous !

Read more Views: 11
Digitopoly Wednesday, April 22, 2015 - 06:49 Source

While someone’s bargaining position can be shaped by competition, we economists know that there is a big gray area in our ability to predict negotiated prices.

Competitive options for buyers and sellers can define a limit beyond which they will not go, but there is still a range of prices that fall within those limits. Within that range, clearly sellers would like a higher price, while buyers would like a lower one, so each has an incentive to signal to the other their willingness to be a tough negotiator.

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MacroBusiness Wednesday, April 22, 2015 - 04:49 Source

Some carbon chickens coming home to roost today for the nation with the most to lose from climate change yet with the least effective policies. From The Australian: The Climate Change Authority is pressing the Abbott government to dramatically lift its 2020 emissions reduction target, as it recommended the nation take a 30 per cent cut

The post Greens under the beds! appeared first on MacroBusiness.

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MacroBusiness Wednesday, April 22, 2015 - 04:40 Source

Brent oil fell last night by more than 2% to roughly $63 as Saudi Arabia stopped bombing Yemen, claiming to have neutralised rebel heavy weapons. Iran was also bullish on restoring its production flow mid this year once sanctions are lifted. There are also moves afoot to free up more US oil exports, which would close

The post Daily LNG price update (land of the giants) appeared first on MacroBusiness.

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MacroBusiness Wednesday, April 22, 2015 - 04:35 Source

Here are the iron ore charts for April 21, 2015: Spot fell and so did paper though Dalian rallied back to 389 overnight. Texture from Reuters: “Mills are trying to limit their raw material stocks to as low as possible. This way they can keep their cost at current market level and guarantee their small profit from

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

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MacroBusiness Wednesday, April 22, 2015 - 04:34 Source

From BNP via FTAlphaville: It has been a near unshakeable axiom that China’s economy is on a pre-determined flight path to overtake the US and quite quickly become the world’s biggest economy. But China’s rapid nominal compression combined with the end of RMB appreciation vs. the USD and the solid c.4% nominal GDP growth in

The post The US is growing faster than China appeared first on MacroBusiness.

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MacroBusiness Wednesday, April 22, 2015 - 04:29 Source

Cross-posted from Investing in Chinese Stocks. The PBOC slashed reserve requirements on Sunday and the reason for the cuts are evident in the following days. Kaisa defaulted on Monday and Tuesday, a state-owned subsidiary in Baoding, Hebei defaulted, Baoding Tianwei set to post China’s 3rd domestic bond default Tuesday: China’s Baoding Tianwei Baobian Electric Co Ltd

The post China’s steel credit maelstrom appeared first on MacroBusiness.

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Table Talk: Bob Ellis on Film and Theatre Wednesday, April 22, 2015 - 04:01 Source

Abbott’s ongoing policy of ‘billions for the dead, cold mutton for the living’ came under ‘friendly fire’ (as one wit called it) when the RSL and a hundred thousand adjacent ex-servicemen griped, like Oliver Twist, ‘Please, sir, I want more.’ His recent pay cut for those mutilated, crippled, made mad and bereaved of a brother for their country was, they said, ‘unfair’, and ‘exactly what one might expect from a whingeing ten-pound Pom who has never been under bombardment nor seen a mate beheaded by a Jap nor blown into flying chunks of meat by the Taliban.’

Read more Views: 19
Political Owl Wednesday, April 22, 2015 - 00:21 Source

murdoch loses his cook

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North Coast Voices Wednesday, April 22, 2015 - 00:16 Source

The Independent 21 April 2015:Rupert Murdoch berated journalists on his tabloid papers for not doing enough to stop Labour winning the general election and warned them that the future of the company depended on stopping Ed Miliband entering No 10.The proprietor of Britain’s best-selling tabloid warned executives that a Labour government would try to break up News Corp, which owns The Sun, The Times and The Sunday Times.

Read more Views: 20
North Coast Voices Wednesday, April 22, 2015 - 00:15 Source

It is well known that Australian Prime Minister Tony Abbott believes that climate change science is absolute crap, but even he has exceeded expectations of what his passive-aggressive brand of climate change denialism will bring forth when he appointed self-described climate policy sceptic, Bjørn Lomborg*, as an adviser to federal government on foreign aid delivery and arrang

Read more Views: 40
MacroBusiness Wednesday, April 22, 2015 - 00:01 Source

Global Macro / Markets / Investing: El-Erian: The Biggest Risk for The Fed Is That They Are Too Successful – Bloomberg Is Government Debt Too Low? – Wall Street Journal How To Trade Like Stan Druckenmiller, George Soros And Jim Rogers – thefelderreport.com Bill Gross: German bunds are ’the short of a lifetime’ – CNBC

The post Links 22 April 2015 appeared first on MacroBusiness.

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Renew Economy Wednesday, April 22, 2015 - 00:01 Source

Abbott government urged to set its emissions reduction targets at 30% by 2025 to meet its share of global challenge to limit climate change. But will Australia listen to advice from the Climate Change Authority, or defer to favoured skeptics such as Bjorn Lomborg?

Read more Views: 19
The Idiot Tax Tuesday, April 21, 2015 - 23:19 Source

It takes significant effort to offend me. It might be almost impossible. So when Woolworths put up a website (I think this is what happened, I'm not sure I didn't read all the story) wiping their...

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Political Owl Tuesday, April 21, 2015 - 20:50 Source

Click to enlarge

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New Matilda Tuesday, April 21, 2015 - 19:50 Source

The prize designed to increase the visibility and prominence of female authors has been awarded to an up-and-coming Melbourne writer.

Read more Views: 20
TPS Extra Tuesday, April 21, 2015 - 19:00 Source

How many times have you heard Joe Hockey, in his characteristically boisterous way, warning us all about the pending ‘intergenerational theft’ that the previous government’s policies will bring about unless as a nation we begin to ‘live within our means’?

Read more Views: 21
Harrangue Man Tuesday, April 21, 2015 - 18:05 Source

It was dusk and I was on a mission to the bin. The bin sits outside our gate.I was topless, wearing just PJ pants and a headband.I opened the gate and stepped into the full glare of headlights coming from the house opposite.I instinctively tried to suck in my tum but it can't have been a pleasurable sighting for the occupant of that vehicle.Maybe they thought I was off for a hearty run? I doubt it—it's nearly zero degrees. I may be insulated but I'm not that insulated.

Read more Views: 19
Political Owl Tuesday, April 21, 2015 - 18:04 Source

Miriam BoeriBentley UniversityWith states legalizing marijuana by popular vote, some politicians, including Boston mayor Marty Walsh and New Jersey governor Chris Christie, are still calling marijuana a gateway drug.The gateway theory argues that because heroin, cocaine and methamphetamine users often used mariju

Read more Views: 18
John Quiggin Tuesday, April 21, 2015 - 17:36 Source

My review of reviews of Piketty, over the fold

Waiting for the fallout: Australia and return of the patrimonial society

John Quiggin, The University of Queensland

Thomas Piketty Capital in the Twenty-First Century, (trans. Arthur Goldhammer), Cambridge Massachusetts, The Belknap Press of Harvard University Press, 2014 (698 pp). ISBN 9-78067443-000-6 (hard cover) RRP $78.00.

Read more Views: 50
En Passant Tuesday, April 21, 2015 - 17:16 Source

Writing in the Irish Socialist Worker Memet Uludag argues that we must support refugees, oppose the imperialism that drowns them at sea and build a political alternative that embraces our humanity, not hatred. Among other things Memet explains the deaths this year in the Mediterranean are the result of rotten racist anti-immigrant policy changes by the EU. Memet says:

Despite the fact that the total number of migrants crossing the sea hasn’t increased from 2014, why are there now more deaths than ever?

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Table Talk: Bob Ellis on Film and Theatre Tuesday, April 21, 2015 - 17:09 Source

I urge you to watch David Bradbury’s masterpiece, The Crater, on Thursday at 9.30 pm on ABC.

Read more Views: 14
MacroBusiness Tuesday, April 21, 2015 - 16:30 Source

Stan Shamu for Chris Weston, Chief Market Strategist at IG Markets Equities rebound on stimulus expectations  The trading environment remains volatile and it didn’t take long for equities to erase some of the losses we saw on Friday. Chinese equities have sprung back to life while the Nikkei and ASX 200 are also enjoying some

The post ASX at the close appeared first on MacroBusiness.

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New Matilda Tuesday, April 21, 2015 - 16:10 Source

A damning Four Corners investigation has been attacked by university bodies. Too bad their vice-chancellors were nowhere to be found when the show was filmed.

Read more Views: 15
MacroBusiness Tuesday, April 21, 2015 - 15:12 Source

From the wise people at PIMCO: ​​After re-engaging policy support in February following an 18-month hiatus, the Reserve Bank of Australia (RBA) wrong-footed many in the market by keeping policy on hold in the two subsequent board meetings. So was February’s decision a “one-and-done” policy event or the start of a more aggressive easing cycle?

The post PIMCO says short Aussie with both hands appeared first on MacroBusiness.

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Renew Economy Tuesday, April 21, 2015 - 15:02 Source

Senate inquiry labelled 'gutless' after confirming network ‘gold plating’ had inflated power prices, offering little insight on how to fix the problem.

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Renew Economy Tuesday, April 21, 2015 - 15:01 Source

Pro-nuclear lobby groups applaud Abbott's decision to give $4m to climate contrarian Bjorn Lomborg, while claiming renewables cannot meet society's needs.

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Renew Economy Tuesday, April 21, 2015 - 14:55 Source

It may be possible for China to shake most of its reliance on fossil fuels by 2050, with renewables providing 80% of electricity needs.

Read more Views: 12
Renew Economy Tuesday, April 21, 2015 - 14:55 Source

Elon Musk was very close to selling Tesla* to Google, at least according to a new book due out May 19 from Ashlee Vance.

Read more Views: 13
Renew Economy Tuesday, April 21, 2015 - 14:55 Source

The aluminum-ion battery offers many significant advantages over the conventional lithium-ion batteries currently used in most electronic devices and EVs.

Read more Views: 18

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