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Oz Blog News Commentary
Inside Story Tuesday, April 10, 2018 - 12:53 Source

In Brisbane in the early 1970s a six-year-old Egyptian-born migrant girl offered up the following theory to her mother: “Mama, I’ve been thinking. I think we are asleep. The real us — we are all asleep and we are dreaming and this is the world — it’s us dreaming. Because we are not real. We are just dreams.”

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MacroBusiness Tuesday, April 10, 2018 - 12:45 Source

Xi Jinping has given Davos Man his cue: *CHINA’S XI SAYS COLD WAR MENTALITY IS OUT OF PLACE *CHINA’S XI SAYS DIALOGUE IS THE WAY TO RESOLVE DISPUTES *CHINA’S XI SAYS SHOULD PUSH FOR FREE TRADE *CHINA’S XI CALLS FOR UPHOLDING MULTILATERAL TRADING SYSTEM *XI SAYS GLOBALIZATION MUST BE MORE OPEN, INCLUSIVE *XI SAYS TO

The post Xi Jinping launches Australian dollar, ASX appeared first on MacroBusiness.

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MacroBusiness Tuesday, April 10, 2018 - 12:30 Source

By Leith van Onselen The CEO of Westpac’s business bank, David Lindberg, has warned that sky high housing prices and reduced home ownership in Sydney and Melbourne is starving budding entrepreneurs of obtaining funding, posing a risk for the productive economy. From The AFR: …housing remains the most common form of security required by banks

The post Westpac: Housing starving small businesses of finance appeared first on MacroBusiness.

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MacroBusiness Tuesday, April 10, 2018 - 12:26 Source

Via John Fitzgerald at the AFR: People in China who follow Chinese-language sites in Australia were startled by the warnings that started flashing on their screens. “All Chinese students in Australia are warned to be on the alert for possible threats to their safety,” China’s embassy and consulates cautioned in an official alert on December

The post Australia’s Chinese student exports about to bust? appeared first on MacroBusiness.

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The Australian Independent Media Network Tuesday, April 10, 2018 - 12:24 Source

In an interview with 2GB on Monday, Chairman of the Backbench Environment and Energy Committee and spokeperson for the Monash Forum, Craig Kelly, said “There is a clear argument under our existing competition law that AGL would be engaging in a misuse of their market power by closing Liddell down and not offering it to…

The post AEMO confirms that AGL’s plan for Liddell will eliminate energy shortfall appeared first on The AIM Network.

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Your Democracy Tuesday, April 10, 2018 - 12:22 Source
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Renew Economy Tuesday, April 10, 2018 - 12:08 Source

This achievement includes retail stores, offices, data centers and co-located facilities in 43 countries. Nine additional manufacturing partners have committed to power all of their Apple production with 100% clean energy, bringing the total number of supplier commitments to 23.

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Renew Economy Tuesday, April 10, 2018 - 11:55 Source

New polling shows campaign by coal industry and Coalition against renewables is showing signs of gaining traction.

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MacroBusiness Tuesday, April 10, 2018 - 11:55 Source

From NAB: How confident are businesses? The business confidence index fell 2pts to +7 index points and is now only just above its historical average of 6 index points. The survey was conducted shortly after US President Trump’s announcement of tariffs on at least $50 billion of Chinese imports, which may have affected sentiment. •

The post NAB business survey bubble deflates appeared first on MacroBusiness.

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MacroBusiness Tuesday, April 10, 2018 - 11:45 Source

Via the AFR: The financial intelligence regulator AUSTRAC has stolen the spotlight from Commonwealth Bank CEO Matt Comyn on his first day in the top job with allegations that the bank broke the law by knowingly opening transaction accounts for customers it had reasons to suspect of money laundering. Among the transactions AUSTRAC says the

The post NAB quietly closes gym manager mortgage issuance appeared first on MacroBusiness.

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MacroBusiness Tuesday, April 10, 2018 - 11:42 Source

Via Damien Boey at Credit Suisse: Europe is slowing Recent European data have surprised materially to the downside. For example, German industrial production and retail sales likely shrunk by around 0.9-1% in 1Q, after growing very strongly in 2017. Also, sentiment indicators have fallen sharply off historically high levels. We are not surprised by these

The post Goodbye European boom appeared first on MacroBusiness.

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Renew Economy Tuesday, April 10, 2018 - 11:40 Source

Goldwind Australia and Australian Energy Operations have signed the connection agreement for construction of connection assets for the 321 MW Moorabool Wind Farm in Victoria.

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MacroBusiness Tuesday, April 10, 2018 - 11:30 Source

By Gareth Aird, Senior Economist at CBA: Key Points: Wages growth has yet to lift despite the labour market slowly tightening. The RBA puts the NAIRU (non-accelerating inflation rate of unemployment) at 5.0%. There are good reasons to believe that it may be lower than the RBA’s estimate which means that a material lift in

The post Why the natural unemployment rate is lower than thought appeared first on MacroBusiness.

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MacroBusiness Tuesday, April 10, 2018 - 11:00 Source

Junket Jen is back, or rather, gone: …no speech at Boao has been more keenly anticipated than the opening address by Xi Jinping in the wake of US trade tensions, the radical consolidation of Xi’s power and regular displays of China’s assertiveness in foreign policy. …Without the dubious benefits of presidential tweets to clarify the

The post AFR pawns national interest to Fortescue appeared first on MacroBusiness.

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politicalowl Tuesday, April 10, 2018 - 10:55 Source
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Renew Economy Tuesday, April 10, 2018 - 10:47 Source

New homeowners set to save up to $2,000 a year in electricity costs with Tesla Powerwall, as Western Australia electricity prices tipped to rise again.

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MacroBusiness Tuesday, April 10, 2018 - 10:30 Source

By Leith van Onselen With the Turnbull Government expected to continue pressuring the Senate to pass its company tax cut package, researchers Janine Dixon and Jason Nassios of Victoria University’s Centre for Policy Studies have argued that the Government would be better off implementing investment subsidies similar to those introduced by US President Donald Trump.

The post Investment write-off three times better than company tax cut appeared first on MacroBusiness.

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politicalowl Tuesday, April 10, 2018 - 10:27 Source

So I clicked view and ...

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Renew Economy Tuesday, April 10, 2018 - 10:24 Source

RCR’s scope of works for the project includes engineering, procurement, construction and commissioning of the expanded Solar Farm, with an immediate project start and targeted completion in Q2, 2019.

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Renew Economy Tuesday, April 10, 2018 - 10:19 Source

Over summer there were 16 major breakdowns at Victoria’s three brown coal plants, which saw hundreds of megawatts of capacity withdrawn from the grid almost instantly.

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MacroBusiness Tuesday, April 10, 2018 - 10:04 Source

Credit Suisse’s Hasan Tevfik has the note: A few more charts: Winners and losers: Hmm, not bad. My main issue is with the “bondcano” idea. China is going to buy less Treasuries one way or another. If China does a deal then yields will rise but so will stocks. I’d see that as a great selling

The post How should you position for a US/China trade war? appeared first on MacroBusiness.

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MacroBusiness Tuesday, April 10, 2018 - 10:00 Source

Via The Australian: Malcolm Turnbull has savaged Tony Abbott’s proposal to forcibly acquire the Liddell coal power station, declaring such a move would be against the values of the Liberal Party. The Prime Minister ruled out a compulsory acquisition of the ageing power station in the NSW Hunter Valley, although he signalled his hope that

The post When should an energy asset be nationalised? appeared first on MacroBusiness.

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MacroBusiness Tuesday, April 10, 2018 - 09:30 Source

By Leith van Onselen It’s been revealed this morning that Immigration Minister Peter Dutton took to Cabinet a proposal to cut Australia’s non-humanitarian migrant intake to 170,000 from 190,000, but that this was rejected by both Prime Minister Malcolm Turnbull and Treasurer Scott Morrison. From The Australian: Home Affairs Minister Peter ­Dutton proposed cutting the

The post Turnbull, Morrison reject immigration cuts appeared first on MacroBusiness.

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The Tally Room Tuesday, April 10, 2018 - 09:29 Source

I’ve finished making Google Earth maps for the draft federal boundaries for Victoria and the ACT, and they are now available for download:

I’ve also turned them into interactive maps below the fold, which show the 2016 and 2019 boundaries (you can toggle each layer on and off). Enjoy!

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Popular Science Tuesday, April 10, 2018 - 09:05 Source

Scientists still aren't sure why early humans had such weird skulls—or why we don't.

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Popular Science Tuesday, April 10, 2018 - 09:05 Source

Who owns the bones?

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Popular Science Tuesday, April 10, 2018 - 09:05 Source

Facebook's continuing drama, the fanciest Chromebook around, and more.

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Popular Science Tuesday, April 10, 2018 - 09:05 Source

Evolution is too complicated to plot out like a family tree.

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Popular Science Tuesday, April 10, 2018 - 09:05 Source

The eyewear can help us understand the puffin perspective.

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Popular Science Tuesday, April 10, 2018 - 09:05 Source

Also in space: A neighborhood of black holes, a new (and old) reason to study Venus' clouds, and the end of the Lunar XPrize.

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