Blogotariat

Oz Blog News Commentary
WixxyLeaks Wednesday, July 16, 2014 - 14:51 Source

This week we all learnt something new.

Who would have thought that our ruler and Prime Minister Clive Palmer was so skilled at the back-flip that he could have been an Olympic Gymnast?

Those in the Senate certainly learnt that this week when the Carbon Tax and the changes to financial advice legislation hit the agenda.

However there were a couple of other things that we were also reminded of this week.  It turns out the planet isn’t flat, the Abbott/Hockey budget isn’t fair, and that Ian Thorpe isn’t straight.

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MacroBusiness Wednesday, July 16, 2014 - 14:09 Source

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MacroBusiness Wednesday, July 16, 2014 - 14:01 Source

In case you’re wondering about the strength of the Government’s anti-climate change agenda, consider this: Australia’s investment in renewable energy all but dried up in the first half of 2014 amid uncertainty fuelled by the government’s latest review of the mandatory target, according to Bloomberg New Energy Finance. In the six months to June, just […]

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Drag0nista's Blog Wednesday, July 16, 2014 - 14:00 Source

Palmer United against the nation – Redux. July post for The King’s Tribune.Filed under: Politics Tagged: Clive Palmer, Kings Tribune

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MacroBusiness Wednesday, July 16, 2014 - 13:44 Source

From Bill Evans at Westpac today: The minutes of the Reserve Bank board meeting on July 1 provided a mild surprise by not “strengthening” any of the language around the Australia dollar compared to the June minutes. The key sentence was: “The exchange rate remained high by historical standards, particularly given the declines in key […]

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MacroBusiness Wednesday, July 16, 2014 - 13:34 Source

By Leith van Onselen Treasurer Joe Hockey has threatened to bypass the Senate and cut government programs if the Senate continues to blocks the Government’s key Budget savings measures. From The AFR: “The fact is that there are a number of initiatives that do not need legislation. The biggest savings measure in the budget was […]

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Cheeseburger Gothic Wednesday, July 16, 2014 - 13:24 Source

Basil Lawrence, a writing grad from London Uni, got in touch the other day to ask if he could guest post at the Burger. He has his first e-book out, and I was happy to oblige, because he knows his way around a sentence and I'm on deadline. So the more free copy I can run here the betterer.

Link to his book is down the bottom. This isn't an extract, but rather an essay on the vexing question of monsters.

?

A Monster for a New Generation

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Jack the Insider Wednesday, July 16, 2014 - 13:05 Source

The battle is all but over but the fighting rages. The carbon tax might go today. It might not go for five more weeks but…

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New Matilda Wednesday, July 16, 2014 - 12:54 Source

Getting rid of tax officers reduces your capacity to collect tax. Former Assistant Tax Commissioner John Passant weighs in on Abbott's 'slash and burn' approach to the Public Service.

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MacroBusiness Wednesday, July 16, 2014 - 12:53 Source

From the AFR: Shares in Fortescue Metals Group have surged shortly before midday, after the iron ore miner published aggressive production guidance for the 2015 financial year. Fortescue has told investors it could produce as much as 160 million tonnes in the new financial year, suggesting the capacity of its export system is not limited to 155 million tonnes […]

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MacroBusiness Wednesday, July 16, 2014 - 12:43 Source

The RBA carried its jawboning message on the high dollar to New York last via an interview with John Edwards at the WSJ. Find it below: Edwards argued weakly  that “currency looks a bit overvalued” but says that we “might have to wait till the Fed moves on the overnight rate”. He also noted that the […]

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MacroBusiness Wednesday, July 16, 2014 - 12:13 Source

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Table Talk: Bob Ellis on Film and Theatre Wednesday, July 16, 2014 - 12:10 Source

What is it about these McDonaghs? And which is which? The Cripple of Inishnaan is as good as Twelfth Night. In Bruges is better than Casablanca. The Guard, which dabbles in death and racism, is among the funniest ten dark-comic films in our language (The Kid, Modern Times, State And Main, Blume In Love, Midnight In Paris, Bullets Over Broadway, The Night They Raided Minsky’s, High Anxiety and Life Of Brian are my lazy pick of the other nine); and Calvary…

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Table Talk: Bob Ellis on Film and Theatre Wednesday, July 16, 2014 - 11:54 Source

Morrison has let the murderer of Reza Barati get away.

I read this a fair way down p6 of the smh in a mild-mannered piece by Sarah Whyte, who says, ‘One of the four chief suspects in the killing of Iranian asylum seeker Reza Barati had fled Manus Island and his whereabouts were unknown.’

It was ‘an ongoing case,’ a PNG police spokesman, Dominic Kakas, said, and ‘no-one had been charged, or interviewed.’

Morrison seems unamazed, and even untroubled, by this. ‘I have no further information,’ he said yesterday, ‘than what is already, publicly available.’

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MacroBusiness Wednesday, July 16, 2014 - 11:50 Source

By Leith van Onselen Wow. The Murray Inquiry seems to have slipped something into the water. Following the HIA’s shallow defence of negative gearing, Business Spectator’s Adam Carr has chimed in with more gruel: Home lending figures already show first home buyer activity at its lowest on record. If that trend continues, then it’s likely […]

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New Matilda Wednesday, July 16, 2014 - 11:42 Source

A Victorian Government decision to fast track the approval of a major new Melbourne road has shredded the rule book on community consultation.

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MacroBusiness Wednesday, July 16, 2014 - 11:40 Source

From NAB: The NAB Consumer Anxiety Index rose to 64.5 points in Q2 (61.7 points in Q1) – its highest level since the survey began in Q1’13 – with elevated anxiety mostly driven by growing concern over government policy (with the survey conducted after the May Federal budget) and cost of living (which remains the single biggest concern […]

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MacroBusiness Wednesday, July 16, 2014 - 11:31 Source

From VEDA today: The Veda Quarterly Business Credit Demand Index, measuring applications for business  loans, trade credit and asset finance expanded 0.5% in the June quarter 2014. This increase is reflected in a drop in asset finance (-4.9%), offset by a small increase in trade credit applications (+0.3%)  and a rise in business loans (+4.9%). […]

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Your Democracy Wednesday, July 16, 2014 - 11:24 Source

cuts and punishment

Facing Senate resistance to the majority of his budget savings measures, the treasurer, Joe Hockey, said the government would have no choice but to find the savings from other programs if senators carried out threats to block large parts of the budget.

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New Matilda Wednesday, July 16, 2014 - 11:08 Source

Now that the heat has died down and the media has moved on, Richard King wonders aloud whether the clamour to 'oblierate Rolf' served any useful purpose.

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Croakey Wednesday, July 16, 2014 - 10:57 Source

An international Indigenous conference on HIV and AIDS will be held in Sydney this week, ahead of the 20th International AIDS conference in Melbourne next week. Marie McInerney previews the discussions below, and will cover the event for the Croakey...

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MacroBusiness Wednesday, July 16, 2014 - 10:51 Source

By Leith van Onselen Fairfax’s resident property spruiker, Australian Property Monitor’s (APM) Dr Andrew Wilson, has swiftly played-down the RBA’s housing valuation report (summarised here), which warned that renting would be a better option than buying if real house prices were to grow below their long-run average of 2.4% per annum: Domain Group senior economist […]

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New Matilda Wednesday, July 16, 2014 - 10:51 Source

A Sri Lankan Monk banned from travelling to the US and France has been given the green light to spread his anti-Muslim hate speech in Australia. Trevor Grant explains.

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MacroBusiness Wednesday, July 16, 2014 - 10:46 Source

From our Bill: The six month annualised growth rate of the Index has now been  growing below trend since February. It is indicating that growth in  the Australian economy can be expected to remain below trend  for the remainder of 2014 with limited momentum into 2015.  The latest read on Australia’s growth rate was a […]

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MacroBusiness Wednesday, July 16, 2014 - 10:39 Source

The AFR has a little profile today of a guy selling Aussie property to wealthy Chinese: Australian permanent residency has become a new status symbol for wealthy Chinese and is driving a boon in advisory services for Australian accountants, particularly since Canada closed its significant investor visa scheme a few months ago. Wealthy Chinese are pouring […]

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New Matilda Wednesday, July 16, 2014 - 10:25 Source

Our collective reaction to overt acts of racism hides the real problem, writes Cher Tan.

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MacroBusiness Wednesday, July 16, 2014 - 10:11 Source

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MacroBusiness Wednesday, July 16, 2014 - 10:10 Source

Rio Tinto has released its Q2 production report. Here is the only part that matters: Record first half iron ore shipments, production and rail volumes. Shipments from the Pilbara exceeded production as stocks built ahead of the delivery of the expanded infrastructure were drawn down, while existing mines continue to be expanded to utilise increased […]

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xkcd.com Wednesday, July 16, 2014 - 10:00 Source

In this situation, gzip /dev/inside to deflate, then pipe the compressed air to /dev/input to clean your keyboard. Avert your eyes when you do.

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MacroBusiness Wednesday, July 16, 2014 - 09:39 Source

By Leith van Onselen Right on cue, the property lobby has rallied to the defence of Australia’s negative gearing regime, slamming the Murray Inquiry into Australia’s financial system’s Interim Report for claiming that negative gearing “encourages leveraged and speculative investment in housing” and recommending that the Abbott Government’s upcoming Tax White Paper examine its efficacy […]

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