Blogotariat

Oz Blog News Commentary
MacroBusiness Tuesday, April 17, 2018 - 10:42 Source

Via Cameron Kusher of CoreLogic. Melbourne’s slow melt: Versus Sydney’s not so slow melt: And Darwin’s endless melt: Much more melting ahead.

The post Comparing Australian house price melts appeared first on MacroBusiness.

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MacroBusiness Tuesday, April 17, 2018 - 10:30 Source

By Leith van Onselen One of the common arguments against ‘urban sprawl’ is that it endangers Australia’s food bowl – the food producing farms that sit beyond the urban fringe of our major cities. In recent times we have witnessed alarmist reports from various bodies, such as the University of Technology Sydney, warning that Sydney

The post A ‘green belt’ is the wrong policy to protect agriculture appeared first on MacroBusiness.

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Inside Story Tuesday, April 17, 2018 - 10:12 Source

Amid the impossible complexity of the Syrian conflict, is it wise to select one strand and use it to find a dominant pattern? The sight of children struggling for their last breath understandably evokes a strong response, but viewed among the devastation wrought by seven years of fighting — including around 400,000 deaths — does it justify an intervention of the kind we saw at the weekend?

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MacroBusiness Tuesday, April 17, 2018 - 10:00 Source

By Leith van Onselen CoreLogic has released its Quarterly Rental Report, which reveals a two-speed rental market, with rental growth also beginning to slow after recently climbing off the canvas: The quarterly report measures the percentage change in rental prices over the first quarter, which is typically the strongest for rental appreciation and growth, as

The post CoreLogic: Rental growth slowing appeared first on MacroBusiness.

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Your Democracy Tuesday, April 17, 2018 - 09:53 Source

shit/turd

In January 2018, During the Prime Minister’s Japan visit, the following was reported:

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MacroBusiness Tuesday, April 17, 2018 - 09:28 Source

Via Goittiboff: I have been in touch with two of the top five non-apartment builders in Australia and neither realised that the Royal Commission was threatening to go after the banks over unfair lending practices if they keep lending to homebuyers on the basis of false living expense estimates. …Both builders explained that the majority

The post Gottiboff: Royal commission to land on builders appeared first on MacroBusiness.

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Inside Story Tuesday, April 17, 2018 - 09:21 Source

Prince Charles’s visit to Vanuatu earlier this month was designed to shore up the Commonwealth’s reputation among Pacific countries in the face of growing Chinese influence in the region. Rather than giving the locals a glimpse of the future monarch, though, a better way to win hearts and minds might be to deal with the lingering health and environmental effects of British nuclear testing in the Pacific.

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Your Democracy Tuesday, April 17, 2018 - 09:15 Source
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MacroBusiness Tuesday, April 17, 2018 - 09:09 Source

By Leith van Onselen The Australian Treasury has reportedly provided briefing to the Turnbull Government spruiking the economic benefits of mass immigration and warning against any cut to the migrant intake. From The Age: The migrant intake from 2014-15 alone will provide a $10 billion boost to the budget over the next five decades, the

The post Stop the presses: Australian Treasury likes mass immigration appeared first on MacroBusiness.

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MacroBusiness Tuesday, April 17, 2018 - 09:00 Source

By Leith van Onselen Last week, I published an article on the diminishing value of having a university degree, whereby due to exploding student numbers on the back of the uncapping of Australian university places, the economy has become massively oversupplied with university graduates: Leading to poor employment outcomes, despite the massive cost to the Budget

The post Is a university degree still worth the cost? appeared first on MacroBusiness.

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Cheeseburger Gothic Tuesday, April 17, 2018 - 08:29 Source

Sharp-eyed punters will see a subtle difference between my original opening par for today's Blunty (below) and the published version after the link.

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Your Democracy Tuesday, April 17, 2018 - 07:29 Source

bugs

Yet again, the spectre of “bugs” in the system haunts us. 

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MacroBusiness Tuesday, April 17, 2018 - 06:50 Source

Let’s recall the revelations of the Banking Royal Commission so far, via UBS: Fraud and Bribery Counsel Assisting, Ms Rowena Orr, QC: “I want to put to you is that NAB knows, & you know, that there were unsuitable loans, there was false documentation, there was dishonest application of customers’ signatures on consent forms &

The post Australian banksters are up there with the world’s worst appeared first on MacroBusiness.

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MacroBusiness Tuesday, April 17, 2018 - 06:29 Source

DXY was down last night: AUD was stablish: Gold firmed: Oil fell: And remains vulnerable with a huge speculative long: Base metals lifted: Big miners fell: EM stocks struggled: The EM junk tide is definitely going out. A slowing China signal? Short end Treasury yields marched higher, the curve flattened again: Not so bunds: Stocks

The post Aussie bonds enter rate hike Twilight Zone appeared first on MacroBusiness.

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The Australian Independent Media Network Tuesday, April 17, 2018 - 06:00 Source

Tuesday April 17 2018 In February of this year Transparency International announced that Australia had slipped to 13th on the global corruption index. Transparency International measures bribery and the diversion of public funding.  I suppose – at first blush – to be ranked 13 out of 180 countries isn’t a bad thing, but it’s the…

The post Day to Day Politics: A new way forward. The case for a Federal ICAC. appeared first on The AIM Network.

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Global Guerrillas Tuesday, April 17, 2018 - 05:03 Source

Last month's Global Guerrillas report used a combination of:

  • David Ronfeldt's TIMN (tribes, institutions, markets, and networks) framework 
  • Complex systems theory, and 
  • Boyd's OODA 

to figure out how we can adapt to the challenges we face without the radical simplification of societal collapse.  

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The Global Mail - Syndicated Stories Tuesday, April 17, 2018 - 05:00 Source

In this era of data manipulation and concerns over the accuracy of information, a flawless verification mechanism is invaluable and this is where Factom comes in. What is Factom? Factom is a platform built on top of blockchain networks such as […]

The post Factom and its FCT coin: A starter’s guide appeared first on The Global Mail.

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MacroBusiness Tuesday, April 17, 2018 - 04:59 Source

Via Domainfax: The Turnbull government is set for showdown with states and territories over its signature energy policy after new details of the plan revealed any additional efforts by the states to curb carbon emissions would not count towards the national target. A key policy design paper circulated among the states at the weekend and

The post Do-nothing energy guarantee is as a complete waste of time appeared first on MacroBusiness.

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The Global Mail - Syndicated Stories Tuesday, April 17, 2018 - 03:00 Source

There is no denying that in the past couple of years bitcoin, and the cryptocurrency market in general, has attained critical mass. Consequently, communities dedicated to digital currency-related discussion on social media multiplied several times, as is the case with […]

The post Social media’s aversion to cryptocurrency pushing blockchain adoption appeared first on The Global Mail.

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Inside Story Tuesday, April 17, 2018 - 02:18 Source

On 17 August 1942 Ulrich Boschwitz, a twenty-seven-year-old German-Jewish writer, departed Australia for Europe aboard a British ship, the Abosso. Nearing the end of its journey, in the dangerous wartime waters of the north Atlantic, the vessel was torpedoed by a German U-boat. Boschwitz was among the 362 passengers and crew who perished. An unpublished manuscript of his was lost forever, and even his published work, now long out of print, seemed fated to leave scarcely a trace.

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MacroBusiness Tuesday, April 17, 2018 - 00:30 Source

By Leith van Onselen MB has noted previously (here and here) how the Scanlon Foundation is a front organisation for property developers that are pro-mass immigration and ‘Big Australia’. This view is based on the fact that founder, Peter Scanlon, is a major real estate developer and has a clear vested interest in mass immigration,

The post Immigration boosters label sensible centre “hateful extremists” appeared first on MacroBusiness.

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North Coast Voices Tuesday, April 17, 2018 - 00:16 Source

Here is just a little of what Liberal & National party members - and their governments - refuse to understand as they support a far-right economic platform which is built on a reduction in corporate tax rates, high business profits and large management salaries in conjunction with employee wage supression, erosion of workers' rights, an increase in employment insecurity based on casual, part-time and/or employees as sham contractors and, further restrictions on eligibility for a number of basic welfare payments.The Sydney Mo

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MacroBusiness Tuesday, April 17, 2018 - 00:15 Source

By Leith van Onselen With the release yesterday of the ABS lending finance data for February, it’s an opportune time to once again chart how capital city house prices are tracking against housing finance. As readers no doubt already know, housing finance has historically been strongly correlated with values, so any shift in finance can

The post Finance commitments portend more housing weakness appeared first on MacroBusiness.

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North Coast Voices Tuesday, April 17, 2018 - 00:15 Source

Despite wage growth falling to record lows last year, the Australian Minister for Jobs and Innovation WA Liberal Senator Michaelia Cash continues to talk down any need for a substantial national minimum wage increase and praises the good will of employers big and small.It seems she just refuses to accpet the evidence of her own eyes.......The Guardian, 11 April 2018:On Wednesday the Fair Work Ombudsman announced an audit targeting the fast food, restaurant and cafe sector which will penalise bu

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MacroBusiness Tuesday, April 17, 2018 - 00:05 Source

Tianjin benchmark fell $1.20 to $64.05. Steel is range trading. Coking coal is weak. Iron ore port stocks eased last week ad did rebar inventories.  No change. We’re going lower. One reason why is that Vale has some serious catching up to do on volumes: The world’s top iron ore producer said that heavy rains

The post Daily iron ore price update (on like Donkey Kong) appeared first on MacroBusiness.

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MacroBusiness Tuesday, April 17, 2018 - 00:04 Source

Some nice MSM panic today via Reuters: Whether China is reducing its vast holdings of U.S. Treasury bonds is a persistent question in global markets, and the recent escalation in trade tensions between the world’s two largest economies means the question is increasingly on investors’ minds. The U.S. Treasury’s latest report on international capital flows

The post Um, hello, China selling Treasuries is a good thing appeared first on MacroBusiness.

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MacroBusiness Tuesday, April 17, 2018 - 00:01 Source

Global Macro / Markets / Investing: Cryptocurrency Trading Upended in Chile as Banks Close Accounts – Bloomberg Sharp Drops in Currencies Hint at Spreading Volatility – WSJ How economists (should) think about the housing market – Medium The wisdom of Warren Buffett – Rock Wealth Back to school: top economists on what their subject needs

The post Links 17 April 2018 appeared first on MacroBusiness.

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politicalowl Monday, April 16, 2018 - 23:06 Source

With tabloid front pages like this:I don't expect that Sportsbet $5 about an election this year to remain for long.

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Club Troppo Monday, April 16, 2018 - 22:54 Source

Using Massive Online Choice Experiments to Measure Changes in Well-being
by Erik Brynjolfsson, Felix Eggers, Avinash Gannamaneni – #24514 (EFG PR)

Abstract:

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Cheeseburger Gothic Monday, April 16, 2018 - 18:17 Source

I used to watch Lost in Space every day after school. It was on after Gilligan's Island and before Hogan's Heroes. I loved it.

Naturally I jumped right into the Netflix reboot as soon as it dropped. I'll cut to my take now; I enjoyed it hugely. But I can already see there are some who don't.

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