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Oz Blog News Commentary
MacroBusiness Tuesday, November 19, 2019 - 12:20 Source

It’s amazing watching the sense of entitlement on display from Australia’s property sector. Rather than being grateful to the Morrison Government and Australia’s policy agencies for throwing the kitchen sink at the housing market, Zippy Financial director and principal broker, Louisa Sanghera, has instead attacked the Government’s first home buyer (FHB) deposit scheme for not

The post Property parasites screetch FHB subsidy not generous enough appeared first on MacroBusiness.

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MacroBusiness Tuesday, November 19, 2019 - 12:20 Source

Australia’s water crisis is spreading north from New South Wales into South East Queensland (SEQ): Queensland’s combined dam level capacity had fallen to 60 per cent in the south-east of the state for the first time in 11 years, Seqwater says. External relations manager Mike Foster said it was at the lowest level since the

The post Water crisis spreads to SEQ appeared first on MacroBusiness.

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MacroBusiness Tuesday, November 19, 2019 - 11:48 Source

Via the suddenly sane RBA: Minutes of the Monetary Policy Meeting of the Reserve Bank Board Members Present Philip Lowe (Governor and Chair), Guy Debelle (Deputy Governor), Mark Barnaba AM, Wendy Craik AM, Ian Harper, Steven Kennedy PSM, Allan Moss AO, Carol Schwartz AO, Catherine Tanna Others Present Luci Ellis (Assistant Governor, Economic), Christopher Kent (Assistant Governor, Financial Markets), Carl Schwartz (Deputy Head, Economic Analysis Department) Anthony Dickman (Secretary), Ellis Connolly (Deputy Secretary), Alexandra Heath

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Renew Economy Tuesday, November 19, 2019 - 11:30 Source

Tesla big battery in South Australia to get 50% bigger, and to provide critical "inertia" that will hasten the transition to a grid free of fossil fuels.

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Renew Economy Tuesday, November 19, 2019 - 11:30 Source

Tesla big battery in South Australia to get 50% bigger, and to provide critical "intertia" that will hasten the transition to a grid free of fossil fuels.

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MacroBusiness Tuesday, November 19, 2019 - 11:20 Source

There’s no stopping it: Confidence was down again last week, falling 1.1%. The weakness was predominantly due to the economic conditions component of the index. Current economic conditions fell by 2.6%, while future economic conditions were more downbeat, falling 4.9%. Both these subindices are near their multiyear lows. In contrast, financial conditions were upbeat, with

The post ANZ consumer confidence hits new lows appeared first on MacroBusiness.

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Renew Economy Tuesday, November 19, 2019 - 11:20 Source

Yunxiao Wang, Shixue Dou, Huakun Liu, Shulei Chou and Zichao Yan university wollongong sodium ion sulfur battery - optimisedUniversity of Wollongong researchers claim breakthrough that could see sodium-sulfur batteries compete with lithium-ion in large-scale energy storage.

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MacroBusiness Tuesday, November 19, 2019 - 11:20 Source

Australia’s much maligned ‘skilled’ visa system is about to become even more unskilled, judging by Morrison Government’s new region visas: New regional visas have launched this week, giving migrants in more occupations a chance to stay in Australia… Migrants need to commit to life in regional Australia for at least three years… But if they

The post New regional visas summon the global unwashed appeared first on MacroBusiness.

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MacroBusiness Tuesday, November 19, 2019 - 11:00 Source

Via CBA’s dubious household spending interntions series: Home Buying Spending Intentions The sharp uptrend in home buying intentions continues Home buying intentions rose further in October and are now close to the record highs seen in H1 2017 Current HSI readings are consistent with an ongoing pick up in dwelling prices Retail Spending Intentions Retail spending intentions

The post Pure bubble: Households intend to buy houses and nothing else appeared first on MacroBusiness.

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THE BLOT REPORT Tuesday, November 19, 2019 - 10:58 Source

The government of the Australian Capital
Territory (ACT) has decided to withdraw from the Commonwealth School Chaplaincy
Program. The program was started by the Howard government in 2007, and it was stated
that the program was to offer “support and guidance
about ethics, values, relationships and spirituality”, and was supposed to
be based on pastoral care, not religious instruction1,2. There has
been constant and significant opposition to the program, as secular pastoral
care workers are not allowed to be hired under the program. Some of the

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MacroBusiness Tuesday, November 19, 2019 - 10:40 Source

Treasurer Josh Frydenberg has penned an op-ed in the AFR championing the “three P’s” of 1) boosting productivity; 2) raising workforce participation; and 3) increasing the population via immigration, to see off the nation’s ageing population: As a nation, we need to effectively leverage the three P’s – population, participation and productivity – to meet

The post Memo to Recessionberg: mass immigration is destroying productivity appeared first on MacroBusiness.

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The Australian Independent Media Network Tuesday, November 19, 2019 - 10:21 Source

Here we go. Here we go. Yet again. Doesn’t pay to be over 60 does it? Here’s an excerpt from an article in The Age newspaper: “Treasurer Josh Frydenberg will on Tuesday signal a drive to get people in their mid and late 60s to work longer and undertake training to keep in touch with…

The post We older ‘burdens’ on society. appeared first on The AIM Network.

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MacroBusiness Tuesday, November 19, 2019 - 10:20 Source

Via the ABC: Insolvency practitioners are offering a stark warning to Australian business: get your affairs in order, bad times are ahead. With their role in turning around failing businesses, or winding them up, the corporate undertakers are an indicator of the broader economy, so it’s telling that they’re hiring, expanding and preparing for a

The post Burning retail triggers insolvency boom! appeared first on MacroBusiness.

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MacroBusiness Tuesday, November 19, 2019 - 10:00 Source

Via Sinocism comes lots of Hong Kong texture: Hong Kong protests: Last stand under way as police close in on besieged Polytechnic University – The Washington Post Thousands of Hong Kong protesters flocked to a besieged Hong Kong college campus on Monday evening, accompanied by political leaders and school principals acting as mediators, hoping to

The post Hong Kong’s last stand appeared first on MacroBusiness.

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MacroBusiness Tuesday, November 19, 2019 - 09:40 Source

Via CoreLogic, the leading index for weekly mortgages is up modestly year on year: But the real story is the serious weakness in listings: A balance still leading to house price gains. Full report.

The post Listings and mortgages weak appeared first on MacroBusiness.

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