Blogotariat

Oz Blog News Commentary
The Australian Independent Media Network Monday, October 16, 2017 - 08:00 Source

By Terence Mills Punitive legislation to hobble and ultimately cripple the union movement has been a key strategy of both government and employer groups in recent times, and the fruits of these endeavours are now being harvested in the form of historically low wages growth together with the wholesale stripping of employment benefits that took…

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MacroBusiness Monday, October 16, 2017 - 07:21 Source

By Leith van Onselen The 2016 Census painted a nasty picture for Australia’s renters. First, the Census showed that immigration-fueled population growth has overwhelmed the number of dwellings built: Second, the Census revealed that the number of households in rental accomodation has soared, whereas households in group accommodation has also increased: Third, the Census revealed

The post The rise of Australia’s renting underclass (that is, kids) appeared first on MacroBusiness.

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The Australian Independent Media Network Monday, October 16, 2017 - 06:00 Source

Monday 16 October 2017 Three very important issues will confront the parliament this week. The High Court will decide the fate of 6 Senators and 1 Lower House MP in respect to their dual citizenship. I’m still of the view that the court will rule that it was up to them to check every possibility…

The post Day to Day Politics: What a week it might turn out to be. appeared first on The AIM Network.

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MacroBusiness Monday, October 16, 2017 - 00:35 Source

DXY rebounded a little Friday night: But that couldn’t stop the runaway train that is AUD: Though it was mixed against EMs: AUD trader longs pulled back last week to 69k: Gold was on fire: Brent strong: Base metals partied: Big miners too: EM stocks moonshot: High yield yawned: US yields fell and the curve

The post It’s the everything (except ASX) boom! appeared first on MacroBusiness.

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MacroBusiness Monday, October 16, 2017 - 00:34 Source

Some good advice, bad advice from the AFR on stocks over the weekend: If you’re not invested in global stocks, say the experts, you’re missing out. You’re giving up a much larger exposure to IT, healthcare and other sectors and stocks that are household entities – and therefore big earners on a large scale –

The post AFR says go global stocks appeared first on MacroBusiness.

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MacroBusiness Monday, October 16, 2017 - 00:33 Source

The great ponzi-bubble is reaching for ever greater heights: Via the FT: Governments around the world will “crush” bitcoin before long, according to two of the most powerful men on Wall Street, who argue that the only real value in the fast-rising virtual currency is as a tool for criminals and money launderers. At a

The post “Governments will crush bitcoin” appeared first on MacroBusiness.

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MacroBusiness Monday, October 16, 2017 - 00:33 Source

The drum beat has resumed, from Jackie Maley: Malcolm Turnbull is poised to announce his energy policy and this week the Prime Minister and his Energy and Environment Minister Josh Frydenberg began a choreographed back-away from any suggestions the government would adopt a clean energy target, the mechanism recommended by the government-commissioned Finkel report to

The post When does Do-nothing Malcolm get boned? appeared first on MacroBusiness.

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MacroBusiness Monday, October 16, 2017 - 00:32 Source

By Leith van Onselen The lobby group representing migration agents has warned that South Australia’s population growth could fall to zero following visa reforms by the federal government. From The Advertiser: Immigration experts are warning that the state’s population growth could slow to wards zero per cent and economic problems will worsen if changes to

The post SA Premier Jay Weatherill rejects East Coast population ponzi appeared first on MacroBusiness.

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MacroBusiness Monday, October 16, 2017 - 00:31 Source

A bit of ticker finally from the The Greens, via The Australian: Greens leader Richard Di Natale says he’s prepared to stand in front of bulldozers and get arrested to stop Queensland’s Adani mine, and expects to be joined by many thousands of Australians. Predicting the protest action would be bigger than that which stopped

The post Greens declare war on Adani appeared first on MacroBusiness.

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MacroBusiness Monday, October 16, 2017 - 00:31 Source

Depending on which paper you read, the ACCC has just condemned the entire National Electricity Market. If you read The Australian it’s all the fault of renewables: Malcolm Turnbull faces a crucial cabinet debate today with a new warning from voters against schemes that pass hidden power costs on to households, with ­almost 60 per

The post ACCC throws up another energy shock yawn appeared first on MacroBusiness.

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MacroBusiness Monday, October 16, 2017 - 00:30 Source

Goodness, even permabull Peter Wargent is worried: Interest-only (IO) loans in Australia typically, though not always, have a term of five years. At that point, the loan must either be rolled over, or it flips over to become a principal and interest (P&I) loan. The repayments might be up to ~40 per cent or more higher when

The post The 2019 property nightmare appeared first on MacroBusiness.

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MacroBusiness Monday, October 16, 2017 - 00:25 Source

Via the AFR: The Reserve Bank of Australia is opening the door to even tougher regulatory restraints on risky bank lending after announcing it would do its own “bank stress tests,” a task usually performed by the prudential regulator. Amid a fresh barrage of warnings that limits on investor lending would not reduce high household

The post Jess Irvine predicts epic house price crash appeared first on MacroBusiness.

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MacroBusiness Monday, October 16, 2017 - 00:24 Source

CoreLogic released its auction report yesterday, which reported a small rebound in the preliminary national auction clearance rate to 70.6% from 68.1% last weekend, but remained well below the 76.2% recorded in the same weekend last year: Auction volumes nationally were 2,497 – slightly above the 2,443 recorded in the same weekend last year: As

The post Auctions clearances rebound above 70% appeared first on MacroBusiness.

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North Coast Voices Monday, October 16, 2017 - 00:15 Source

Hickey Street and environs in Iluka at the mouth of the Clarence RiverThe proposed 140 lot community title residential subdivision in Hickey Street, Iluka, NSW was declared a controlled action on 6 Oct

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North Coast Voices Monday, October 16, 2017 - 00:15 Source

Crikey.com.au, 2 October 2017The Australian Defence Force revealed on Friday its troops had been involved in incidents in the northern Iraqi city of Mosul that are believed to have resulted in the deaths of eight civilians, including two children. The first incident was in March this year. An aircraft that was part of the coalition forces (that include Australia, the US, the UK and others) bombed a residential building in Mosul, which resulted in the deaths of seven civilians.

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