Blogotariat

Oz Blog News Commentary
The Melbourne Urbanist Tuesday, April 11, 2017 - 08:51 Source

The proportion of children driven to primary school has raced ahead over the last 30 to 40 years. The standard solutions won’t change that by much, but there’s hope Why has walking to school stumbled so badly?

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Cheeseburger Gothic Tuesday, April 11, 2017 - 08:18 Source

I was very sad to hear John Clarke passed away. A great loss to the nation. An even bigger loss to farnarkling. A tribute at Blunty:

Farnarkling lost a champion yesterday, with the passing of Mr John Clarke. The veteran broadcaster was not just the voice of the national sport, but a much-loved ambassador to the powerhouses of the perfect game as far away as Bad Odursburg and Middlefart.

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MacroBusiness Tuesday, April 11, 2017 - 07:48 Source

APRA’s Wayne Byers gave a speech on 5 April which sought to set the agenda for the future state of the bank capital in Australia. Whilst clearly the agenda is that bank capital is to increase, I found the speech misleading on the current state of major bank capital and therefore grossly misleads the market

The post Unquestionably weak: Why Aussie banks need $75bn (to start with) appeared first on MacroBusiness.

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En Passant Tuesday, April 11, 2017 - 07:46 Source

 

For Trump, Turnbull and others, Assad killing his own people is okay, as long as it’s not with chemical weapons because then it constitutes ‘war crimes’, I write in Independent Australia. 

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MacroBusiness Tuesday, April 11, 2017 - 07:36 Source

From BT’s excellent Vimal Gor today: March was a volatile month during which the market’s obsession with ‘Trump-onomics’ continued to dominate. The start of the month was characterised by bonds selling off as the ‘Trump-flation’ trade was further fuelled by the Fed guiding yields higher into the March rate decision. However, after all the hawkish

The post Vimal Gor on the great global reflation false signal appeared first on MacroBusiness.

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MacroBusiness Tuesday, April 11, 2017 - 07:16 Source

By Leith van Onselen Several experts have warned that Scott Morrison’s proposed tax on vacant dwellings would be difficult and costly to administer and might not do a lot to boost residential housing supply. From The AFR: “They [taxes] have some impact but they are expensive to administer, especially the exemptions for people with particular

The post There are better options than a vacant housing tax appeared first on MacroBusiness.

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MacroBusiness Tuesday, April 11, 2017 - 06:45 Source

From The ABC a few days ago: Federal Cabinet formally examined the impact of tax breaks on Australia’s booming housing market in early 2016 but decided not to act, an ABC investigation has revealed. …instead of making changes last year, the Coalition embarked on a blistering campaign against Labor’s plans to curb property tax concessions. That

The post Negative gearing reform dead, CGT lives appeared first on MacroBusiness.

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MacroBusiness Tuesday, April 11, 2017 - 06:12 Source

From The Australian: The Australian understands that after the Coalition’s decision to rule out an emissions intensity scheme, which puts a price on ­carbon in the electricity market to encourage investment in renew­ables, the government is warming to an alternative market signal that would put in place a 50-year rule for Australia’s fleet of coal-fired

The post Coalition moves to install anti-carbon price appeared first on MacroBusiness.

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Global Guerrillas Tuesday, April 11, 2017 - 03:15 Source

Here's a new drone (warning, acronym creep) called the CICADA, or Close-In Covert Autonomous Disposable Aircraft.  

P1651266

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Global Guerrillas Tuesday, April 11, 2017 - 02:38 Source

It appears that neo-conservatives are now in control of the Trump White House.  

The bombing of the Assad regime in Syria announced to the world the US was still in the business of micromanaging global political outcomes through the selective use of violence (a profoundly anti-conservative notion).

That's bad news.  The US record on military adventurism and regime change over the last few decades has been stunningly bad.  

Worse, it's a gross misallocation of resources comparable to disasters of Soviet decision making in the 80's.  How bad is it?

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MacroBusiness Tuesday, April 11, 2017 - 00:20 Source

By Leith van Onselen Perth real estate agent, Willie Porteous, says Perth’s residential market is in the worst state he has ever seen, with those wanting to sell doing so at a big loss. From The Australian: Yesterday, as data showed the auction clearance rate in Perth was just over 22 per cent compared with

The post Perth housing’s “uniquely dire situation” appeared first on MacroBusiness.

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MacroBusiness Tuesday, April 11, 2017 - 00:20 Source

By Leith van Onselen In recent weeks, the ABC has displayed shocking bias in the immigration debate. In late March, ABC Lateline aired a half-hour segment on housing affordability, which failed to even mention mass immigration’s key role in driving up housing demand and prices in Sydney and Melbourne, despite me cutting a monologue on this

The post ABC turns immigration and housing spruiker appeared first on MacroBusiness.

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MacroBusiness Tuesday, April 11, 2017 - 00:15 Source

As the worst government in living memory puts the final touches on its centerpiece budget, it is about to mugged by reality. UBS today offers a nice take on what’s looked for today: A modest ~$10bn better fiscal profile, helped by better commods & profits Treasurer Morrison brings down the 17/18 Commonwealth Budget on May

The post Australia’s Budget nightmare is about to return appeared first on MacroBusiness.

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MacroBusiness Tuesday, April 11, 2017 - 00:06 Source

Via Macquarie today: Event  BHP has received a proposal from activist shareholder, Elliott Associates, to restructure the company. The core parts of Elliott’s “Value Unlock Plan” are 1) Collapsing the DLC structure, 2) Demerging and listing the Petroleum business on the NYSE, and 3) Returning cash to shareholders by increasing off-market buy-backs and unlocking

The post Will BHP give up its Australian stupidity premium? appeared first on MacroBusiness.

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MacroBusiness Tuesday, April 11, 2017 - 00:05 Source

Spot down. DCE paper fell further again last night but managed to rebound. Coking coal futures were smashed. Thermal spot too. Steel has rolled. We’re into full ferrous complex deflation now. As said yesterday, throughout the Q1 blow-off, markets and media under-estimated how important temporary factors were in the price jump. The two most important

The post Daily iron ore price update (ferrous complex deflation) appeared first on MacroBusiness.

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