Blogotariat

Oz Blog News Commentary
Popular Science Tuesday, April 8, 2014 - 11:57 Source

In The Humor Code, humor scientist Peter McGraw and journalist Joel Warner travel around the world looking for the universal meaning of humor. In the following excerpt, they visit Peru with a group that deploys clowns for therapeutic purposes.

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Delimiter Tuesday, April 8, 2014 - 11:56 Source

The NSW Government has formally embraced and started regulating the taxi smartphone apps which have been taking Sydney and other locations by storm, setting regulations to support the apps against the wishes of incumbent players in the taxi industry and capping surcharges at five per cent to stop overcharging.

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MacroBusiness Tuesday, April 8, 2014 - 11:55 Source

Given how much his business interests are set to benefit from the removal of the carbon and mining taxes, Clive Palmer’s investment in winning another Senate seat for the Palmer United Party on the weekend looks like a bobby-dazzler: Given his nickel refinery alone generated a carbon tax bill of $6.2 million in 2012/13… Share [...]

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MacroBusiness Tuesday, April 8, 2014 - 11:49 Source

By Christopher Joye, cross-posted with permission from The AFR: I welcome perma-bear Steve Keen’s commentary on my recent analysis of the asset-class, and his apparent comfort with my conclusions. It is, however, worthwhile clearing-up some misunderstandings as to how I arrived at them. It is doubtless frustrating for folks like Dr Keen, who claimed that [...]

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MacroBusiness Tuesday, April 8, 2014 - 11:25 Source

The April NAB Business Survey is out and shows a mixed result  with confidence down sharply but some stabilisation in conditions: Business confidence was pared back in the month to its lowest post-election level, which is also below its long-run average. It appears as though firms are responding to the ongoing sluggishness in business activity, [...]

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Inside Story Tuesday, April 8, 2014 - 11:18 Source

Class act: Andrew Tift’s portrait of the Rt Hon Tony Benn MP.
UK Parliament

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MacroBusiness Tuesday, April 8, 2014 - 11:12 Source

From the AFR, Genworth has launched its IPO: Lead broker Goldman Sachs said the Australian business was worth $1.9 billion to $2.4 billion, or 0.8-to-1-times the company’s book value. It forecast Genworth to record $235 million net profit after tax in the 2014 financial year, and said the valuation implied an eight-to-10-times on a price-to-earnings [...]

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MacroBusiness Tuesday, April 8, 2014 - 10:33 Source

By Leith van Onselen HSBC Australia’s chief economist, Paul Bloxham (“Bloxo”), has produced an interesting note today outlining Australia’s demographic headwinds, and arguing for an expansion of the immigration intake to counter ageing’s impact on the economy: As the ‘baby boomers’ are starting to retire, Australia faces similar demographic challenges to other countries An aging [...]

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Popular Science Tuesday, April 8, 2014 - 10:16 Source

Behold the oarfish, the world's longest bony fish. The beasts typically live hundreds of feet below the ocean surface are thus are rarely seen. Since 2002, however, a few videos (like the one above) have surfaced and given scientists important clues about the animals.

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Cheeseburger Gothic Tuesday, April 8, 2014 - 10:06 Source

If it's good enough to Campbell Newman...

At Blunty.

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Prosper Australia Tuesday, April 8, 2014 - 09:50 Source

  Letters, Australian Financial Review 7 April 2014 It is absurd to say switching from income tax to GST improves work incentives.  Consumption equals income minus savings.  A 20 per cent GST is much the same as a 20 per cent flat income tax with no tax-free threshold, but with unlimited superannuation deductions. But it’s […]

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MacroBusiness Tuesday, April 8, 2014 - 09:43 Source

By Leith van Onselen The mainstream media is awash with glowing reports about the “free trade agreement” FTA with Japan, which was concluded yesterday. According to the Department of Foreign Affairs and Trade, the Japan-Australia Economic Partnership Agreement (JAEPA) will “deliver a significant boost to Australian farmers and other agricultural producers, resource exporters, service providers [...]

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Prosper Australia Tuesday, April 8, 2014 - 09:39 Source

By Catherine Cashmore, a market analyst, journalist, and policy thinker, with extensive industry experience in all aspects relating to property. Follow Catherine on Twitter or via her Blog. I had the good fortune to meet two investors from Dallas Texas last week – visiting in part, to survey the Australian real estate terrain and in return, provide a unique […]

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Popular Science Tuesday, April 8, 2014 - 09:37 Source

That's the result of a study published on April 7 in Proceedings of the National Academy of Sciences. In the study, nearly 400 volunteers were given drugs in a double-blind test and then gave detailed feedback about how they made them feel. Each participant's genomes were sequenced and compared to genes known to be linked to an increased risk for ADHD or schizophrenia. People with alleles, or genetic units, that led to a euphoric response to dextroamphetamine were less likely to have genes linked to the two conditions. 

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MacroBusiness Tuesday, April 8, 2014 - 09:24 Source

From UBS’s excellent Glyn Lawcock  today come previews of miner quarterly reports. For BHP: The March quarter is generally a weaker quarter for the miners, in particular BHP Billiton given the wet season that prevails across the top end of Australia. Seasonally cyclonic conditions exist across the QLD Coal fields and the West Australian iron [...]

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