Blogotariat

Via The Australian: Billions of dollars in Commonwealth Bank transactions in the US, Europe and Asia have not been properly monitored, the bank’s internal review has found, potentially exposing the institution to investigation by ­global regulators. The confidential review of the bank’s compliance with Australian and ­global anti-money laundering and counter-terrorism laws revealed large-scale failures

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Via the Herald Sun: AUSTRALIA’S two major political parties have received almost $6 million from a shadowy “front” for the Chinese Government. Parliamentary researchers have uncovered the massive extent of donations made to the Liberal and Labor parties by pro-Beijing figures in the Australian Council for the Promotion of the Peaceful Reunification of China. …In

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Via Domainfax: Angry sections of the Western Australian Liberal party are pushing to launch a fresh attempt for the state to secede, in what members are calling “WAxit” – a nod towards Britain’s vote to leave the European Union. …The WAxit idea is one of 25 motions to be put to this weekend’s state conference,

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A couple of recent developments out of China shows a big shift is underway in its capital outflows. First, it was the great global realty clamp: The Chinese government has moved to halt “irrational” overseas investments by restricting purchases of real estate and entertainment assets, a decision which could dent demand for Australian assets. The move,

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Grattan on Friday: If defeat comes, what then for the Liberals' succession?The conservatives’ strategy is to reap what victories they can while Malcolm Turnbull leads.Dean Lewins/AAPMichelle Grattan, University of CanberraIf the Turnbull government’s present agonies become death throes and the election is lost, coping with opposition will test to its

I had another go at my facial scar ridge for most of the day. At 3 pm I put the cream on.I can't stop having a go at it and I'm usually spacing out while doing it, trapped in a dark cloud of memory.I'll try better tomorrow. It's gratifying to have at even though it stings for the eight hours of pick, pick, pick.Fucking OCPD twixt PTSD---plus there's only one vowel and there's one tile too many. 

It’s not surprising that the government has decided to target Bill Shorten personally and to run a scare campaign on Labor’s policies rather than pointing to the scoreboard after two terms in government.  There’s not a lot worth drawing attention to. When asked about his government’s achievements on Monday night, Malcolm Turnbull claimed the Gonski…

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by Chris Becker A mixed day in Asia after the solid response to the US GDP print overnight and the subsequent surge in USD that has seen the Yen selloff and Japanese bourses rise in result. Local releases from Japan, China and Australia added some volatility to currencies but not any game changers. In mainland

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The mind absolutely boggles at what kind of military commander-in-chief the great waffler would make but it appears he’d like to add that notch to his shiny little belt: Malcolm Turnbull says China must step up and contain North Korea economically, including by cutting off the regime’s oil supply. Ratcheting up the diplomatic jawboning of Beijing,

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SA Senator Nick Xenophon’s bid for justice for an Australian citizen – who simply wants his passport back – has been rejected by the Senate.

“This really is a very significant scandal in the fact that a citizen of this country has been denied the ability to travel overseas” Senator Xenophon said.

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Back in 2009 Gerry Harvey had an idea. It didn’t make any economic or policy sense but sure made sense for his business, via Herald Sun: BILLIONAIRE retailer Gerry Harvey says Australia needs a two-tier wage system to allow employers to pay foreign guest workers less than locals. The Harvey Norman boss said Australia’s prosperity

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The China steel PMI is notoriously volatile. It is perhaps therefore a better directional indicator than it is an absolute reading on conditions. Nonetheless, today’s version is off its face at 57.2 with new orders rocketing to 66.6: Stock inventories are still drawing as well though raw materials are rising. The non-manufacturing PMI suggested a

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Via Westpac: Implications for Q2 GDP growth forecast We have rounded up our forecast for Q2 GDP growth to 0.7%qtr, 1.6%yr, edged up from 0.6% qtr. This reflects the upside surprise from equipment spending, plus also an awareness of labour market strength in the quarter, with hours worked up 1.2%. In terms of private infrastructure

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