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Oz Blog News Commentary
MacroBusiness Friday, June 23, 2017 - 04:54 Source

The conniption begins, from Chanticleer: Bad policy clearly breeds bad policy, as shown by South Australia’s $370 million tax on the big four banks and Macquarie Group. But South Australian Treasurer Tom Koutsantonis has created a problem for himself by aligning his “super profits” tax on the banks with the state’s share of the national

The post Bank protection racket explodes appeared first on MacroBusiness.

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MacroBusiness Friday, June 23, 2017 - 04:00 Source

Remember Nathan Birch? He’s dumping properties: For a long time now, I’ve been collecting properties like kids collect action figurines in a happy meal. I never like to see one go. But recently, the finance environment has changed… It’s a bitter pill to swallow for a buy and hold investor – but I need to

The post Mr IQ begins dumping properties appeared first on MacroBusiness.

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Antony Green's Election Blog Friday, June 23, 2017 - 01:48 Source

My statistical analysis of the 2017 Western Australian election has now been published.

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MacroBusiness Friday, June 23, 2017 - 00:50 Source

By Leith van Onselen With the release this week of the ABS residential property price data for the March quarter, it is an opportune time to once again plot house prices against total finance commitments (excluding refinancings) as also measured by the ABS. First, below is the national picture, which shows finance approvals typically leading

The post ABS house prices re-converge with finance appeared first on MacroBusiness.

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North Coast Voices Friday, June 23, 2017 - 00:18 Source

The 226 members of the House of Representatives and Senate will receive a base salary which is almost six times higher than the June 2017 full-time minimum wage – commencing on 1 July 2017.Excerpts from Remuneration Tribunal 2017 Review of Remuneration for Holders of Public Office Statement, 22 June 2017: The Tribunal has decided to increase remuneration by 2 per cent for public offices in its jurisdiction, with effect from 1 July 2017…….

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North Coast Voices Friday, June 23, 2017 - 00:16 Source

Currently the Australian Citizenship Legislation Amendment (Strengthening the Requirements for Australian Citizenship and Other Measures) Bill 2017 is before the Australian Parliament.This bill raises the bar on applications for citizenship and increases the power of the Minister for Immigration and Border Protection, Peter Dutton, over the citizenship process - including granting him the power to override Administrative Appeals Tribunal decisions on citizenship applications.One of the components of this bill

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MacroBusiness Friday, June 23, 2017 - 00:15 Source

By Leith van Onselen The Australian Bureau of Statistics (ABS) yesterday released its quarterly labour force report, which breaks-down employment at the industry level to May 2017. Below are some key charts, which present the changes in employment aggregates on a trend basis. First, the quarterly change in employment by industry: As you can see,

The post The rise and rise of government-funded jobs appeared first on MacroBusiness.

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MacroBusiness Friday, June 23, 2017 - 00:15 Source

By Leith van Onselen A wide disconnect has opened up between the pay rises being received by federal politicians and senior bureaucrats compared with the rest of the population. This disconnect is shown clearly in the latest wages price data from the ABS, which showed public sector wages growing far more strongly than the private

The post Politicians feast while your pay goes backwards appeared first on MacroBusiness.

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North Coast Voices Friday, June 23, 2017 - 00:15 Source

On 19 June 2017 The Greens Senator Larissa Waters moved an amendment to the Treasury Laws Amendment (GST Low Value Goods) Bill 2017.This amendment sought to remove the Goods and Services Tax (GST) from sanitary products used by the vast majority of Australian women and girls during their reproductive years.The Australian Parliament Senate Hansard recorded the fate of this proposed amendment of 19 June

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MacroBusiness Friday, June 23, 2017 - 00:10 Source

By Leith van Onselen In the week ended 22 June 2017, the CoreLogic 5-city daily dwelling price index, which covers the five major capital city markets, surged by 0.72%: The surge in prices was driven by Sydney and Melbourne: So far in June, home values have risen by 0.92%, driven by Sydney, Melbourne and Perth:

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

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Your Democracy Friday, June 23, 2017 - 00:07 Source
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MacroBusiness Friday, June 23, 2017 - 00:05 Source

Iron ore charts for June 22, 2017: Tianjin benchmark rose 1% to $56. Paper fell late and overnight. Steel has not updated. From Reuters: Iron ore exports from India were down 53 per cent in the past two months as China, a major consumer, took better quality ore from Australia to feed its integrated steel

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

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MacroBusiness Friday, June 23, 2017 - 00:03 Source

Via Caixin: (Beijing) — China’s banking regulator has recently asked lenders to assess their credit-risk exposure to companies active in overseas acquisitions, sources close to the regulator told Caixin, as the country continues to curb a shopping spree that led to a record capital exodus last year. The China Banking Regulatory Commission said the risk

The post China’s capital flight crackdown shifts to the mighty appeared first on MacroBusiness.

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MacroBusiness Friday, June 23, 2017 - 00:01 Source

Global Macro / Markets / Investing: Price manipulation in the Bitcoin ecosystem – VOX Blockchain’s Brave New World: Initial Coin Offerings – Forbes The most important charts in the world from the brightest minds on Wall Street – Business Insider Is there ideal portfolio construction for seed funds? – Medium High-Yield Carnage Stays Contained for Now – Bloomberg In the

The post Links 23 June 2017 appeared first on MacroBusiness.

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Cheeseburger Gothic Thursday, June 22, 2017 - 22:45 Source

Bless you, HBO. Bless your glorious cotton socks. Delivering us a heart-pumping, loin-girding, ab-touching cracker of a trailer right on the Winter Solstice.

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John Quiggin Thursday, June 22, 2017 - 21:05 Source

As a part of my work on the Adani mine-rail-port project, I’ve been providing economic input to a project with Kristen Lyons and Morgan Brigg at UQ aimed at supporting the Wangan and Jagalingou Traditional Owners Family Council (W&J) in their attempts to assert control over their traditional land. So far we’ve produced an initial report, a summary of which has appeared in The Conversation.

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Renew Economy Thursday, June 22, 2017 - 20:35 Source

Vector wins tender with LG Chem battery storage, which grid operator says will allow significant increase in solar capacity in Alice Springs and a payback in 4 years.

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Renew Economy Thursday, June 22, 2017 - 20:35 Source

Vector wins tender with LG Chem battery storage, which allow significant increase in solar capacity in Alice Springs and a payback in 4 years.

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The Australian Independent Media Network Thursday, June 22, 2017 - 17:34 Source

By Warwick O’Neill Unlike a lot of people who follow the political and media ramblings of this country I like to ensure that I’m informed about issues from as many perspectives as possible. I don’t just stick to the tried and trusted papers and sites which comfortingly reaffirm my point of view and lead me…

The post Remember the Art of Compromise? appeared first on The AIM Network.

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MacroBusiness Thursday, June 22, 2017 - 17:28 Source

by Chris Becker Hot money continues to wind out of long oil and into Yen and other safe havens like gold, sending Japanese stocks down while Chinese and Aussie (but I repeat myself) stocks initially rallied.  Stock futures for the US and European markets are flat alongside currencies however. In mainland China the Shanghai Composite

The post Macro Afternoon appeared first on MacroBusiness.

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Prosper Australia Thursday, June 22, 2017 - 16:24 Source

Economist Peter Abelson has dropped a bomb on Sydney’s madly expensive land market, asserting the usual demand and supply equations have little influence on prices while major positive benefits are available from ending Stamp Duty and using land tax. His views only came to light after journalist Adam Creighton used FOI to prise his report […]

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Your Democracy Thursday, June 22, 2017 - 16:04 Source

 

hansonite dunny

By Ben Pobjie

It has been clear for some time that children today are soft.

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MacroBusiness Thursday, June 22, 2017 - 15:59 Source

Cat meet pigeons: Australia’s big four banks plus Macquarie will be hit with a new state-based version of the major bank levy which will reap $370 million over the next four years for the South Australia Government as it ramps up spending on infrastructure in a struggling economy. South Australian Treasurer Tom Koutsantonis said the

The post SA adds 0.015% to bank levy appeared first on MacroBusiness.

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Renew Economy Thursday, June 22, 2017 - 14:35 Source

Tritium partners with Stromnetz Hamburg GmbH to adapt its fast charger for Hamburg’s inner-city environment.

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Renew Economy Thursday, June 22, 2017 - 14:21 Source

Queensland University of Technology will work with the University of Nevada to collaborate on driverless vehicle technology.

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MacroBusiness Thursday, June 22, 2017 - 14:15 Source

Citi has given Dominoes a huge serve today:  Initiating coverage with Sell — We initiate coverage on Domino’s Pizza with a Sell rating and $45.50 target price. We expect the PE multiple to de-rate to 23x as sales and earnings growth slows. Domino’s has taken its share of the profit pool as far it

The post Domino’s is a slice of what’s wrong with the economy appeared first on MacroBusiness.

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Renew Economy Thursday, June 22, 2017 - 14:06 Source

Australia's only geothermal power supply is to finally get its long awaited upgrade.

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The Australian Independent Media Network Thursday, June 22, 2017 - 14:00 Source

By Christopher Kennedy It does not surprise me that young doctors have mental problems at twice the rate of the general population. It was only one hundred and twenty years ago that doctors figured out what the heart did. Two hundred years ago they were also the town barber and surgeon. They had no idea.…

The post What is wrong with our doctors? appeared first on The AIM Network.

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MacroBusiness Thursday, June 22, 2017 - 13:39 Source

Dalian soft today which makes sense since its outlook is getting worse not better: But the technical action is enough to have reversed some of yesterday’s losses in Big Iron: Big Gas stinks of false hope today as it rises a little: Oil going sub-$40 in my view… Which means Big Gold is a buy

The post ASX dead cat screeches again appeared first on MacroBusiness.

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Renew Economy Thursday, June 22, 2017 - 13:39 Source

Climate risks are either not understood or wilfully ignored at leadership level in Australia, a profound failure of imagination, and far worse than that which triggered the GFC in 2008.

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