Blogotariat

Oz Blog News Commentary
Duck Pond Friday, June 26, 2015 - 04:02 Source

Climate for many of us is outside our preview. It is said that weather forecasts are accurate up to about five days. If you said to me that 1998 was a particularly hot year, I would have to say I did not notice at the time, and I cannot remember. Although, short of consulting with neighbours, I think it was around that time that one day the trains stopped, got on bus and drove through a flooded highway. I could be wrong.

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New Matilda Friday, June 26, 2015 - 02:29 Source

Now if only we could convince him to jam his hairhat in a hay baler. Chris Graham surrenders.

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MacroBusiness Friday, June 26, 2015 - 00:52 Source

A nice piece at Dad’s Army today from Dr Patrick Carvalho of the Centre for Independent Studies: To determine how much wriggle room Australia might have when the next crisis strikes, we can use a tool recently devised by The Economist, a tripartite indicator, to gauge the ability to fight recession. …A history of consistent and accelerating surges

The post How much stimulus firepower does Australia have left? appeared first on MacroBusiness.

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MacroBusiness Friday, June 26, 2015 - 00:51 Source

By Leith van Onselen With the Trans-Pacific Partnership (TPP) entering the final stages of negotiation, the Australian Senate has released a report slamming the Government’s approach to trade agreements, claiming that it is unnecessarily secretive, ignores the public, and has a poor level of independent analysis before treaties are signed. From The Canberra Times: All

The post DFAT lathers lipstick on TPP pig appeared first on MacroBusiness.

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MacroBusiness Friday, June 26, 2015 - 00:50 Source

By Leith van Onselen The release yesterday of the national finance and wealth accounts for the March 2015 quarter revealed that Australian housing values are just a whisker under their all-time highs when measured against household incomes and GDP. As shown in the next chart, the ratio of total housing assets (both structures and land)

The post Aussie housing valuations at record highs appeared first on MacroBusiness.

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MacroBusiness Friday, June 26, 2015 - 00:50 Source

By Leith van Onselen In the week ended 25 June 2015, the Core Logic-RP Data 5-city daily dwelling price index, which covers the five major capital city markets, jumped by 1.15% – the second consecutive rise following the typical seasonal decline in values (see next chart). Values rose across all major markets except Adelaide (see

The post RP Data weekly Australian house price update appeared first on MacroBusiness.

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MacroBusiness Friday, June 26, 2015 - 00:30 Source

I’ve written twice now on the spurious ideas in the division of labour story as an underlying cause of productivity growth in economics. First I questioned whether Adam Smith’s observation of a division of labour in 18th century pin factories made much sense, given that the 18 tasks required to make a pin were undertaken by

The post Division of labour is the outcome, not cause appeared first on MacroBusiness.

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MacroBusiness Friday, June 26, 2015 - 00:05 Source

The Brent oil price eased overnight for no apparent reason. Iranian negotiations are going to miss their June 30 deadline but I still expect a deal to be done. When it is, the oil will flow within months and a lot of it: This is one key reason to expect lower oil price in H2. The

The post Daily LNG price update (MSM) appeared first on MacroBusiness.

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MacroBusiness Friday, June 26, 2015 - 00:05 Source

Here are the iron ore price charts for June 25, 2015: No real change. Spot weaker with Tianjin benchmark down 0.7% to $61.30. Singapore serene. Dalian fired up but fell 5 points to 435 overnight. Rebar dead, deader, deadest. Texture from Reuters: China’s steel demand has been shrinking as its economy slows and is now

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

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MacroBusiness Friday, June 26, 2015 - 00:01 Source

Global Macro / Markets / Investing: Profits vs Growth – avc.com Boom in once-scarce ‘rare earth’ metals ends in US miner’s bust - Financial Times The Fear Factor Behind Stock Prices – Bloomberg View North America: Dropout-Turned-Ph.D. Informs Yellen’s Job Market Outlook at Fed – Bloomberg Obamacare Ruling May Have Just Killed State-Based Exchanges –

The post Links 26 June 2015 appeared first on MacroBusiness.

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Your Democracy Thursday, June 25, 2015 - 21:18 Source

rubbish

 

Prime Minister Tony Abbott has labelled as "wrong" and in "poor taste" a Liberal Party email linking national security to party fundraising.

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Table Talk: Bob Ellis on Film and Theatre Thursday, June 25, 2015 - 21:15 Source

Mark Scott, on APAC, now.

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En Passant Thursday, June 25, 2015 - 20:43 Source

 

The reactionary Abbott government is using Zaky Mallah’s appearance on Q&A to try to close debate on the draconian citizenship stripping powers it is legislating. It wants no discussion or understanding of why some young Australian men and women might travel to Syria to join ISIS or rage against Australian society.

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Antony Green's Election Blog Thursday, June 25, 2015 - 18:36 Source

Is an early election possible, and could it be a double dissolution?

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The Australian Independent Media Network Thursday, June 25, 2015 - 18:29 Source

As I flicked through the Murdoch Muckraker this morning, I spied a headline where I had difficulty deciding whether the sub-editor had a sense of irony, or no understanding of ambiguity:

TIME TO ACT ON ABC LYNCH MOB

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New Matilda Thursday, June 25, 2015 - 16:42 Source

The toughest minded love story ever written is on at the mighty Belvoir until July 26. Pull your finger out!

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The Australian Independent Media Network Thursday, June 25, 2015 - 16:34 Source

With Labor rolling over on 3 pieces of important legislation in the last week, and the threat of an early election being sprung while Bill Shorten faces the royal commission into union corruption looking like a very real possibility, (news has come to hand that Liberal MPs have already begun putting corflutes up) Team Abbott is looking well placed for another term in office, much to our national disgrace.

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MacroBusiness Thursday, June 25, 2015 - 16:25 Source

In late April, the Australian Taxation Office (ATO) released its Taxation Statistics for the 2012-13 tax year, which once again revealed that Australia is a nation of loss-making landlords. If there is one thing that differentiates  the Australian housing market from most others, it is the propensity for Australians to leverage into buy-to-let investment properties

The post Member’s Special Report: Inside the negative gearing bubble appeared first on MacroBusiness.

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John Quiggin Thursday, June 25, 2015 - 16:12 Source

In an interesting sequence of events, Adani has halted engineering work related to its proposed Carmichael mine in the Galilee Basin.

Last week, it appears, Adani sent out notices to our major engineering contractors, including WorleyParsons, Aecon, Aurecon and SMEC, to stop work. A team of up to 40 engineers at WorleyParsons’ Brisbane office, which was working with Aecon on the rail joint venture, was among those pulled off the project. No public announcement was made.

Yesterday, the Guardian revealed the stopwork, citing “sources”. Adani declined to comment

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Your Democracy Thursday, June 25, 2015 - 16:10 Source

godology

Richard Dawkins gets attacked quite regularly for attacking religion. Fair enough. Tit for tat... One could do worse. Dawkins "belief" in evolution is denigrated of course by our own Ham of the Noah's Ark Reconstruction and by other religious figures with doctorates in godology because they have studied godology with studious belief in godology. 

 

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MacroBusiness Thursday, June 25, 2015 - 16:10 Source

Stan Shamu for Chris Weston, Chief Market Strategist at IG Markets Asia cautious on Greece It’s been a lacklustre day for Asian markets with Greek uncertainty once again keeping investors at bay. Optimism around a Greek deal had been driving price action all week but a stall in the negotiation process has put the brakes

The post ASX at the close appeared first on MacroBusiness.

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The Australian Independent Media Network Thursday, June 25, 2015 - 15:45 Source

‘Support our TAFEs’ said the email from Bill Shorten. Bill went on to say:

Information Technologies, Engineering Technologies, Graphic Design & Cloud Technologies…

We know that Australians studying at TAFEs now are getting the skills they need for the jobs of tomorrow. 

At a time when our economy is undergoing rapid change, the need for skilled people has never been greater.

Unfortunately, Tony Abbott & the Liberal Party missed the memo.

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New Matilda Thursday, June 25, 2015 - 15:44 Source

The apocalyptic ravings of the Prime Minister will soon have to subside, leaving behind nothing more than a threadbare re-election strategy.

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New Matilda Thursday, June 25, 2015 - 15:31 Source

As the major parties team up to quash a legal challenge to the policy, a senate inquiry continues to show its devastating consequences, writes Max Chalmers.

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Table Talk: Bob Ellis on Film and Theatre Thursday, June 25, 2015 - 15:28 Source

Shorten at 3.15.

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Table Talk: Bob Ellis on Film and Theatre Thursday, June 25, 2015 - 15:11 Source

PVO awards, and invites David Speers to award, a ‘Wooden Spoon’ after each Question Time.

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Renew Economy Thursday, June 25, 2015 - 14:55 Source

The city of Münster plans to use excess electricity on the grid to generate heat, which can be easily stored.

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Renew Economy Thursday, June 25, 2015 - 14:50 Source

Australians are predicted to install more than 37,000MW of battery storage over next 25 years, but who will pay for it and why? Even the big utilities are struggling to find a business model that fits.

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MacroBusiness Thursday, June 25, 2015 - 14:41 Source

While PM Abbott is busy drumming up fear for his own purposes, Zero Hedge has a fantastic graphic of why we should, in fact, be thanking out lucky stars: Amazing chart. One of my favourite books is Eric Hobsbawn’s Age of Extremes and this chart offers hope that perhaps we may have kicked the 20th century

The post The end of war? appeared first on MacroBusiness.

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Renew Economy Thursday, June 25, 2015 - 14:40 Source

Greens meet Liberal push for climate science inquiry with motion for Flat Earth Commissioner, to inquire “into the roundness or otherwise of the Earth.”

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