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Is the Fed about to stop hiking rates?

November 22, 2018 - 11:30 -- Admin

Via Goldman: How Does Fed Policy React To Stock Market Declines? The equity market sell-off since the beginning of October has led to questions around whether the Fed will maintain its current path of rate hikes. Historically, the Fed appears to have responded with more accommodative policy after stock market sell-offs, on average (Exhibit 1). This

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VIC Liberals privatise poo for population ponzi

November 22, 2018 - 11:15 -- Admin

By Leith van Onselen The Victorian Liberals have pledged to sell off Melbourne’s sewage treatment service to fund major rail and road projects, if elected on Saturday. From SBS News: Melbourne’s sewage treatment service would be privatised to unlock $5 billion for major road and rail projects, if the opposition wins Saturday’s Victorian state election. The

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China to punish 22 million for bad social credit

November 22, 2018 - 11:00 -- Admin

Via Bloomie comes life under the God King: China’s plan to judge each of its 1.3 billion people based on their social behavior is moving a step closer to reality, with Beijing set to adopt a lifelong points program by 2021 that assigns personalized ratings for each resident. The capital city will pool data from

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Terry McCrann defenstrates self over negative gearing

November 22, 2018 - 10:30 -- Admin

By Leith van Onselen Just when I thought he’d hit peak stupid in the negative gearing debate, Terry McCrann has launched another embarrassing attack on Labor’s policy. From The Herald-Sun: Treasurer Josh Frydenberg has nailed the double-sided disaster that the Labor duo Bill Shorten and Chris Bowen’s attack on negative gearing would be for both owner-occupiers

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Liberal Dean Smith calls for long-term population plan

November 22, 2018 - 10:15 -- Admin

By Leith van Onselen Liberal senator, Dean Smith, has called for a parliamentary inquiry into the nation’s population policy and the reinstatement of parliament’s long-term strategies committee, which was disbanded in 1996. Smith has cited figures from the report of the committee’s 1994 population inquiry; they shows that 90% of submissions received by the inquiry

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Coalition idiot explains energy policy

November 22, 2018 - 10:03 -- Admin

Liberal candidate for Frankston Michael Lamb says his party will get the private industry to build a power station in Victoria, if elected, but admits it will be at least partly taxpayer-funded. MORE: https://t.co/vMF1BfEI9c #Speers pic.twitter.com/8S4kxVdyvI — Sky News Australia (@SkyNewsAust) November 21, 2018 Enough said.

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Hayne to bake-in conservative credit

November 22, 2018 - 10:00 -- Admin

Via Chanticleer today: Kenneth Hayne looks like reshaping the governance of Australia’s leading public companies judging from the line of questioning directed at Commonwealth Bank of Australia chairman Catherine Livingstone and chief executive Matt Comyn. Based on the the lines of inquiry pursued by counsel assisting, Rowena Orr, QC, the Hayne governance era looks something

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MB Fund Webinar – The Great Australian Housing Crash LIVE TODAY

November 22, 2018 - 09:56 -- Admin

This week’s webinar (12:30pm AEST, Thursday 22 Nov) we have a full house in Leith, David, Damien and Tim for an Australian Housing Crash update. A slump in auction clearance rates, tightening credit, revelations of huge amounts of ‘liar loans’ and of course, falling house prices. Our take on how far it can go, and

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Labor to offer a battery for every household! Sort of

November 22, 2018 - 09:45 -- Admin

Via the ABC: Australian households will be offered federal rebates to install solar storage batteries under a federal Labor energy policy that will also direct billions of taxpayer dollars at solar, wind and hydro projects. Though Mr Shorten is likely to frame ALP adoption of the NEG as an attempt to find common ground with

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Infosys creates 1200 Aussie IT jobs as 457s are cut

November 22, 2018 - 09:30 -- Admin

It’s a skills shortage and racism disaster at ITNews! An already hot market for technology talent in Australia is set to intensify after Indian technology services and outsourcing behemoth Infosys committed to creating another 1200 positions within its local operations in the wake of the abolition of 457 skilled visa class. The favoured tech body shop of

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