Blogotariat

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Your Democracy Monday, April 14, 2014 - 08:07 Source

heavy lifting

The MMMM is full of speculation about the age of pension which if I had it my way should be 60 or under (say 55) and give the young people a go at mucking things up.

 

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Table Talk: Bob Ellis on Film and Theatre Monday, April 14, 2014 - 07:33 Source

A Bronte Reader, Jay Buoy, Louis Phillips, Aint Misbehavin, Nicholas, shad, and Milton are banned for life. None would say Bob Carr should not have been Foreign Minister. None would deny he was the best Foreign Minister we have had. None would say he was a bad Premier. Yet all kept attacking him because of a few sentences in a world masterpiece they had not read. They heckled, smeared and bollocked him while fearing to attack him fundamenrtally — by, say, asserting Bishop or Downer was better at his job.

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Digitopoly Monday, April 14, 2014 - 06:19 Source

The new economics/politics/news website, Vox.com, launched a week ago. It is one of many independent ventures cropping up that are well financed and are attempting to give us the future of the news media. What I have been particular interested in is where it will be in this space. And here are my thoughts based on a week of experience thusfar.

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MacroBusiness Monday, April 14, 2014 - 06:16 Source

Treasurer Joe Hockey has grabbed the MSM by the scruff of the neck today. The AFR is typical: Treasurer Joe Hockey has warned that no group will be safe from cuts in the May budget as he extended his warnings about age pension changes to ­possible pension rate cuts and explicit warnings of tighter assets [...]

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MacroBusiness Monday, April 14, 2014 - 05:51 Source

From David Bassanese today: The Reserve Bank has prematurely shifted the emphasis of its jawboning strategy from the exchange rate to house prices, with potentially disastrous consequences for the economy in the months ahead. With household and business confidence flagging again, the RBA needs to reshape its message and start focusing on the great “rebalancing” [...]

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MacroBusiness Monday, April 14, 2014 - 05:51 Source

Two commentators between them today sum up the state of housing, Australian rebalancing and monetary policy. The first is David Bassanese at the AFR: The Reserve Bank has prematurely shifted the emphasis of its jawboning strategy from the exchange rate to house prices, with potentially disastrous consequences for the economy in the months ahead. With household [...]

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MacroBusiness Monday, April 14, 2014 - 05:50 Source

Click to view RP Data’s latest weekly housing market update, which provides a useful snapshot of the housing market as at 23 March 2014. This week’s report includes: Latest weekly dwelling value results; Auction results & clearance rates; Latest median house & unit prices; Average time on market & vendor discounts; Mortgage market activity; and New [...]

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MacroBusiness Monday, April 14, 2014 - 05:46 Source

From Westpac: ― The Westpac–Melbourne Institute Index of Consumer Sentiment edged up 0.3% in Apr from 99.5 in Mar to 99.7. The essentially fl at result leaves sentiment fi rmly around ‘neutral’. ― The flat result was a little disappointing given last month’s reading was clearly impacted by high profi le lay-off announcements. Positive news [...]

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MacroBusiness Monday, April 14, 2014 - 05:45 Source

US data was again reasonable Friday night with a decent consumer sentiment print at 82.6, up from 80.0 in March. But that did little to stop the NASDAQ rout, down another  54 points or 1.4% to 3999 points. The one year daily chart shows the bourse is poised at its final support before clear air opens [...]

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John Quiggin Monday, April 14, 2014 - 05:26 Source

The LNP government in Queensland is launching a massive and expensive campaign to persuade voters to accept the sale of publicly owned assets. This follows an earlier campaign by the Bligh-Fraser Labor government (remember how well that worked out!) and looks likely to make the same claims, with the additional (self-contradictory) claim that the Labor government, whose policies the LNP is now adopting, drove the state to dangerous levels of debt. In particular, the LNP campaign repeats the central error of Labor’s, namely the claim that selling assets provides a way to fund public expenditure without taxation.

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Café Whispers Monday, April 14, 2014 - 05:17 Source
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Café Whispers Monday, April 14, 2014 - 05:17 Source
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North Coast Voices Monday, April 14, 2014 - 04:16 Source

Fairfax Nielsen Poll 10-12 April 2014, published 14 April 2014:

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MacroBusiness Monday, April 14, 2014 - 02:50 Source

This is from late Friday but is worth repeating. From Bloomie: Chinese developers raised 49 percent less through trusts in the first quarter as the collapse of Zhejiang Xingrun Real Estate Co. highlighted default risks. Issuance of property-related trusts, which target wealthy investors, slid to 50.7 billionyuan ($8.16 billion) from 99.7 billion yuan in the fourth [...]

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MacroBusiness Monday, April 14, 2014 - 02:04 Source

From the FT: Clashes between Ukraine and pro-Russian separatists claimed their first casualties on Sunday after Kiev sent in the army to regain control of government buildings in cities across the east of the country. Oleksandr Turchynov, Ukraine’s acting president, said he had ordered armed forces to crack down on “terrorist troops co-ordinated by the Russian Federation” [...]

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MacroBusiness Monday, April 14, 2014 - 00:53 Source

Late Friday news broke that: Investors have shown interest in a highly unusual $6 billion equity deal this morning that is being spruiked by junior miner Padbury Mining. Despite starting the week with a landlocked, marginal iron ore project, and a market capitalisation below $70 million, Padbury has today told the ASX that it has [...]

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MacroBusiness Monday, April 14, 2014 - 00:20 Source

From India’s Business Standard: Iron ore exports from India are likely to exceed 25 million tonnes in 2014-15, a growth of over 60% compared to last year. In 2013-14, iron ore exports clocked 15.13 million tonnes, a decline of 19% over the previous year. The growth in exports this year would mainly come from Goa, where the Supreme [...]

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North Coast Voices Monday, April 14, 2014 - 00:16 Source
The Guardian 10 April 2014:
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North Coast Voices Monday, April 14, 2014 - 00:15 Source
 
Women are still the largest identified victim group in reported domestic and sexual assaults.
 
The Australian Bureau of Statistic’s Personal Safety Survey 2012 found that: 
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MacroBusiness Monday, April 14, 2014 - 00:10 Source

Here are the iron ore price charts for April 11, 2014: Not much fun in paper markets with rebar futures down as well. Physical was worse for both iron ore and steel and the Baltic Dry capesize component fell another 4%: It’s still at moderate levels but falling fast. Chinese port stocks also rebounded last [...]

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MacroBusiness Monday, April 14, 2014 - 00:10 Source

Here are the iron ore price charts for April 11, 2014: Not much fun in paper markets with rebar futures down as well. Physical was worse for both iron ore and steel and the Baltic Dry capesize component fell another 4%: It’s still at moderate levels but falling fast. Chinese port stocks also rebounded last [...]

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MacroBusiness Monday, April 14, 2014 - 00:02 Source

Global Macro / Markets: Only the ignorant live in fear of hyperinflation – Financial Times Bitcoin Price Drops 10% as Chinese Exchanges Stop Bank Deposits – Coin Desk Bitcoin Mining Boom Sputters as Prospectors See Real Cash Losses – Bloomberg Are Speculative Bubbles Good? – New Yorker North America: U.S. budget deficit narrows sharply in [...]

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Ambit Gambit Sunday, April 13, 2014 - 21:52 Source

It’s one of my few appearances on The Drum, but it’s got to be some of my most prescient writing – when Julia Gillard appointed Bob Carr as foreign minister, it was hailed by most commentators as a masterstroke, but I was among the few honourable dissenters. Labor is seen as being desperately in need […]

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you said it... Sunday, April 13, 2014 - 21:50 Source

Let’s play a game!

It’s well documented that the Bogotariat have little in the way of original thought or imagination, and thus have a tendency to repeat things they have heard other bogots saying.  The bogot does this without ever questioning the veracity of what they are spewing forth onto the internet or how nonsensical it sounds to normal people.

We’ve collected some of the most predictable, common, ignorant and moronic comments and topics raised by the average bogot in full rant, and now we want to see just how predictable the Bogotariat is.

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Skepticlawyer Sunday, April 13, 2014 - 21:25 Source

Something to finish off your weekend, an oldie but a goodie:

 

 

The tumblr post I got this from suggested it is how the BBC reports, well, everything.

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Poll Bludger Sunday, April 13, 2014 - 21:04 Source

GhostWhoVotes relates that the monthly Nielsen poll in tomorrow’s Fairfax papers has Labor leading 52-48, after trailing 51-49 last time. The primary votes are 40% for the Coalition (down four), 34% for Labor (down one) and, remarkably, 17% for the Greens (up five). The latter is three points higher than the Greens have scored in any Nielsen result going back to the 2010 election (UPDATE: It turns out 15% is their previous record in Nielsen, and 16% is their record in Newspoll). Stay tuned for leadership ratings and state breakdowns.

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The Melbourne Urbanist Sunday, April 13, 2014 - 20:28 Source

Follow the link to read the latest article by The Urbanist, Should a rail line to Melbourne Airport be the priority? 

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En Passant Sunday, April 13, 2014 - 18:35 Source

I have just come back from a fantastic rally for refugees in Canberra with up to 3000 people there according to the ABC.

Recently the Federal Court upheld the Department of Immigration decision to sack a woman working for them for criticising, anonymously, on social media the racist refugee policy of the Labor, and now the Liberal, governments.

Evidently for public servants your own time is not your own time. The government owns you outside work hours too and can control your dissent.

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The Political Sword Sunday, April 13, 2014 - 18:30 Source
Quite in love with Jonathan Green I love Jonathan Green. Indeed, I’ve been quite in love with Jonathan Green for yonks. And that, in media-land, is called ‘disclosure’ (or ‘the big reveal’? Whatever.) Disclosure is important because this piece is partisan. Whether proudly clutching its first person (it began with ‘I’) or not, this piece like any other can be nought but partisan. Partisan is precisely how we roll and what we are — all of us. (But let’s hope what happens next is also truthful and attentive to the facts.) So why have I ere-long loved the Green?
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The Australian Independent Media Network Sunday, April 13, 2014 - 12:20 Source

gosford anglican churchIt has long been my view that the potential and resources of the church are largely wasted on worship.

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