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Queen Lucy’s three city Sydney “plagiarised” from UK

April 18, 2018 - 14:25 -- Admin

Queen Lucy’s plan for a Sydney dystopia cops more flack from urban planner Chris Brown today: Nauseatingly, the plan boasts of “new thinking” that simply rehashes ideas borrowed from elsewhere. Concepts like the “30-minute city”, “green grid” or “liveability” are not new…The approach is supported by the highly questionable claim that the plan will “align land

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Legalise pot to bake Budget deficit

April 18, 2018 - 13:55 -- Admin

By Leith van Onselen Yesterday, I posted an article stating why The Greens’ proposal to legalisation marijuana is sensible policy, namely because: 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 would provide a

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China house prices rebound a little

April 18, 2018 - 13:54 -- Admin

From China’s NBS today comes March 70 city house prices up 0.4% month on month and 4.9% year on year: Raw data: 28 cities were flat or falling with 42 rising: Third and second tier have re-accelerated a little: This is more or less as expected. As said many times, authorities have cooled the market

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RIO iron ore volumes on track

April 18, 2018 - 13:23 -- Admin

From RIO: Rio will have a accelerate modestly from there to meet the annual volume goal which is pretty normal.

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Australian leading index falls sharply

April 18, 2018 - 13:12 -- Admin

From Westpac: The growth rate in the Leading Index remains in positive territory signalling above trend growth over much of the remainder of 2018. Drivers of the slowdown in the month have been from the domestic components – a slowing labour market; and some weakness in housing while rising short term interest rates have reflected

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Population ponzi swamps Melbourne’s Blue Ribbon inner-east

April 18, 2018 - 13:00 -- Admin

By Leith van Onselen I have argued previously how Australia’s mass immigration ‘Big Australia’ policy is placing incredible strain on the western suburbs of Sydney and Melbourne, with these areas experiencing easily the fastest population growth in the decade to 2016: Well, today Fairfax reports that Melbourne’s ‘Blue-ribbon’ inner-east is also experiencing manic immigration-led growth:

US corporate tax cuts fuel share buybacks, not investment

April 18, 2018 - 12:30 -- Admin

By Leith van Onselen Treasurer Scott Morrison has confirmed that the Turnbull Government will persist with its policy of progressively reducing the tax rate for all companies, claiming they are essential to fuel investment, jobs and wages growth. From The AFR: “We’ve had significant success already in delivering tax cuts for small and medium-sized businesses

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Long-term migrant arrivals hit record high in February

April 18, 2018 - 11:54 -- Admin

By Leith van Onselen The Australian Bureau of Statistics (ABS) has released visitor arrivals and departures data for the month of February, which again posted turbo-charged net annual permanent and long-term arrivals. In the year to February 2018, there were 788,260 permanent and long-term arrivals into Australia – up 3% from February 2017 and an

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Australia’s rat wheel jobs market spins furiously

April 18, 2018 - 11:45 -- Admin

By Leith van Onselen Fairfax’s Matt Wade is the latest to question the Turnbull Government’s boast of record jobs growth, claiming it amounts to little when the population is also increasing so fast: As Malcolm Turnbull keeps reminding us employment has increased by more than 400,000 in the past year “the largest number on record”.

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Skilled vacancies’ slow rise continues

April 18, 2018 - 11:28 -- Admin

By Leith van Onselen The luke warm recovery in skilled vacancies continues to plod along, according to the Department of Jobs and Small Business: Improving, but still nowhere near 2008 and 2011 levels. unconventionaleconomist@hotmail.com

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