Blogotariat

Oz Blog News Commentary
North Coast Voices Friday, April 20, 2018 - 00:15 Source

The win won’t eradicate the sustained personal stress or financial difficulties that such an unfair dismissal imposed – still it was pleasing see this tweeter's actions recognised as the right to freedom of political expression.Hopefully Comcare will not be so bloody minded as to appeal the judgement,The Sydney MorningHerald, 18 April 2018:A  former Immigration official sacked over tweets critical of Australia's asylum seeker policy has won a fight for compensation, after an appeals tribunal found h

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MacroBusiness Friday, April 20, 2018 - 00:10 Source

By Leith van Onselen Yesterday’s ABS labour force release for March revealed a weakening Australian youth labour market – i.e. those aged 15 to 24 years old. The trend headline unemployment rate rose from 12.41% in February to 12.47% in March: Total employment growth for those aged 15-24 years of age has also begun to

The post Youth labour market fades appeared first on MacroBusiness.

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MacroBusiness Friday, April 20, 2018 - 00:06 Source

The combination of an evil government and the reflexive support of Newscorp has doomed the Australian energy market. Via The Australian: Major Australian companies and small businesses are struggling to cope with record electricity price hikes that have forced them to seek alternative power sources, consider cutting thousands of jobs and pass costs on to

The post Frydenberg mummifies energy truth with red tape appeared first on MacroBusiness.

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MacroBusiness Friday, April 20, 2018 - 00:05 Source

Iron ore prices for April 19, 2018: Tianjin benchmark lifted $1.85 to $68.30. Paper was limit up at the close yesterday but came off overnight. Steel rose. Citi captures the best way to think about the Chinese easing: Back in November the PBoC introduced what some have termed ‘Yield Curve Control With Chinese Characteristics’ when

The post Daily iron ore price update (bear market rally) appeared first on MacroBusiness.

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MacroBusiness Friday, April 20, 2018 - 00:04 Source

Commodity markets have gone crazy in the past two days over the recent PBOC reserve ratio cut despite it being an obvious signal that demand is about to fall and such measures not being anything like a sufficient response to prevent it. So today I thought I’d run through what will be such a signal.

The post How to know when China is really stimulating again appeared first on MacroBusiness.

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MacroBusiness Friday, April 20, 2018 - 00:01 Source

Global Macro / Markets / Investing: Bringing Down High Debt – IMF IMF sounds alarm on excessive global borrowing – FT Blockchain Is About to Revolutionize the Shipping Industry – Bloomberg Global debt now worse than before financial crisis, says IMF – The Guardian Vix index surge revives manipulation concerns – FT Managers of $1

The post Links 20 April 2018 appeared first on MacroBusiness.

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The Australian Independent Media Network Thursday, April 19, 2018 - 18:42 Source

Now, I know that I’m meant to write satire but sometimes I just have to use my language skills to point out what is probably bleedin’ obvious. Compare the way the conservatives among us thunder on about burglaries and carjackings to the way they respond to people who are prepared to steal your life-savings… No,…

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The Global Mail - Syndicated Stories Thursday, April 19, 2018 - 18:40 Source

It’s simple to acknowledge the sweet fact that Bitcoin and other altcoins might be finally turning the corner and pointing to different technical metrics. With Bitcoin looking like it is hauling altcoins with it in the right direction. Despite shedding […]

The post Weekly Cryptocurrency Price Analysis: Bitcoin, Ethereum, EOS, IOTA and Litecoin appeared first on The Global Mail.

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John Quiggin Thursday, April 19, 2018 - 17:37 Source

Thanks to everyone who the first eight chapters of my book-in-progress, Economics in Two Lessons. I’ve found the comments on Chapter 8 valuable, but haven’t yet found time to edit in response to them. Soon, I hope!

In the meantime, I’ve posted a draft of Chapter 9: Market Failure. Comments, criticism and praise are welcome.

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Your Democracy Thursday, April 19, 2018 - 16:33 Source

jon snow...

I do not know which edition of "Shooting History" by Jon Snow contained these semi-prophetic, but not politically heeded words, though I think these were in the 2004 edition. 

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Prosper Australia Thursday, April 19, 2018 - 16:04 Source

By Catherine Cashmore The proposal to cut the company tax rate from 30% to 25% has received much media attention. We are repeatedly told it is needed to boost investment.  The rational follows that companies are more likely to invest in productivity if they don’t have to pay as much tax on their gross income.  It […]

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The Australian Independent Media Network Thursday, April 19, 2018 - 16:00 Source

By Anthony Andrews The world is about to end! Not really, it’s just that, like on the TV news or at the box office, real world events that aren’t at the extreme ends of the spectrum don’t grab anybody’s attention … we want monsters. We want heroes and villains. We want drama! Unfortunately, most of the…

The post The world is about to end! appeared first on The AIM Network.

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Your Democracy Thursday, April 19, 2018 - 15:36 Source

death masks

Australia's Chief of Army, Lieutenant General Angus Campbell, has issued a directive that prohibits the wearing of 'death' symbols. 

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Club Troppo Thursday, April 19, 2018 - 15:07 Source

The Director-General of the BBC has now conceded there is a cris

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Renew Economy Thursday, April 19, 2018 - 14:21 Source

Plans for sonnen manufacturing base in South Australia at stake as new state government urged to rethink support for household battery storage.

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Renew Economy Thursday, April 19, 2018 - 14:14 Source

Environment Victoria has welcomed the announcement that the last of three coal processing projects promised public money in 2014 has now officially failed, just a week after state and federal governments committed $50 million each to a coal-to-hydrogen plant.

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MacroBusiness Thursday, April 19, 2018 - 14:01 Source

AUD sold after weak jobs but is up again on the wild-eyed bid for Chinese stimulus: Bonds are bid back below their lunatic breakout: XJO is up modestly: Dalian is screaming higher: Big Iron too: Nothing changed for me. China to still slow. Big Gas has launched too. Oil sure has momentum: Big Gold is

The post Buy dirt, sell scum appeared first on MacroBusiness.

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Renew Economy Thursday, April 19, 2018 - 14:00 Source

Given the known failures of carbon capture and storage, investing in such technologies could amount to improper use of public funds.

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Renew Economy Thursday, April 19, 2018 - 13:52 Source

Transforming our energy system may prove far less risky than propping up traditional over-built electricity supply.

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Renew Economy Thursday, April 19, 2018 - 13:52 Source

Transforming our energy system may prove far less risky than propping up traditional over-built electricity supply.

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MacroBusiness Thursday, April 19, 2018 - 13:46 Source

Via Credit Suisse’s Damien Boey: Soft March employment data Employment came in well below expectations, rising by only 4.9K in March, with February’s 17.5K gain revised down to a 6.3K loss. Full-time employment fell, while part-time employment rose. Aggregate hours worked rose moderately by 0.3% over the month, taking year-ended growth lower to 3.2% from

The post Jobs report even weaker than it appears appeared first on MacroBusiness.

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Renew Economy Thursday, April 19, 2018 - 13:45 Source

"Even if the Energy Security Board gives Malcolm Turnbull a Rolls Royce model of energy policy, it's not going to be of much use to the country if he immediately seeks to put it in the garage and lock it up for 10 years."

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MacroBusiness Thursday, April 19, 2018 - 13:45 Source

By Leith van Onselen It’s going to rain jobs, according to Fairfax’s Eryk Bagshaw: Future farmers, nurses and teachers are in for a jobs bonanza in the next six years as millions of baby-boomers retire to make way for a new generation of workers in rapidly expanding industries… Free trade agreements, an ageing population and

The post Prepare for a rat wheel jobs bonanza appeared first on MacroBusiness.

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MacroBusiness Thursday, April 19, 2018 - 13:40 Source

It began this morning with Kelly O-Dwyer: Financial Services Minister Kelly O’Dwyer said the government had been vindicated in its decision to establish a financial services royal commission — despite being strongly against the probe and begrudgingly establishing it because of a revolt from the Nationals. …Ms O’Dwyer told ABC radio the government could take

The post Pollies cat fight over royal commission kudos appeared first on MacroBusiness.

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Renew Economy Thursday, April 19, 2018 - 13:39 Source

Oil "supermajor" Total buys French electricity retailer as part of long-term hedge against threat to oil demand from rise of electric vehicles. And did we mention the CEO totally drives an EV?

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Prosper Australia Thursday, April 19, 2018 - 13:32 Source

Assessing the impact of privatized land rent on economic growth by Gavin R. Putland Executive Summary This report investigates the relationship of the land rent share of GDP with economic growth. Since the Second World War, there has been a negative correlation between Australia’s total land price and the rate of economic growth. The public […]

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MacroBusiness Thursday, April 19, 2018 - 13:15 Source

By Leith van Onselen Over the past two days (here and here), MB has supported The Greens’ proposal to legalisation marijuana on the grounds that: It would bring marijuana in line with alcohol and tobacco, which are both legal and regulated; It would guarantee purity of supply; It would reduce profits to organised crime; and It

The post Drug Law Reform Foundation: legalise and tax pot appeared first on MacroBusiness.

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Renew Economy Thursday, April 19, 2018 - 12:47 Source

New research now reveals the damage that these coral losses caused to the wider ecosystem functioning of the Great Barrier Reef.

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politicalowl Thursday, April 19, 2018 - 12:47 Source

For the AMP's Jack Regan and the CBA's Marianne (Gold, gold, gold) Perkovic this seems to say it all:

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Renew Economy Thursday, April 19, 2018 - 12:45 Source

Market operator's latest forecasts for the uptake of electric vehicles suggests 10 million EVs, or half the car fleet, in 20 years.

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