Blogotariat

Oz Blog News Commentary
MacroBusiness Tuesday, October 24, 2017 - 00:30 Source

Marxist theory goes like this, from Wikipaedia (yes, that’s all you need): In Marxist theory, humansociety consists of two parts: the base (or substructure) and superstructure. The base comprises the forces and relations of production (e.g. employer–employee work conditions, the technical division of labour, and property relations) into which people enter to produce the necessities and amenities of life. The base determines society’s other relationships and ideas

The post Some Marxism basics for Australia’s Fake Left appeared first on MacroBusiness.

Read more Views: 6
MacroBusiness Tuesday, October 24, 2017 - 00:23 Source

By Leith van Onselen John Carroll, Professor Emeritus of Sociology at La Trobe University, penned a ridiculous article in Fairfax over the weekend hailing Melbourne as the bastion of Australia’s economic success: The Australian Dream is there around the tables in the cafes in newly cosmopolitan inner cities, where young professionals meet to transact business,

The post Ponzi Melbourne is no economic miracle appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Read more Views: 5
MacroBusiness Tuesday, October 24, 2017 - 00:22 Source

By Leith van Onselen CoreLogic has released its New Zealand housing market update for September-October, which revealed that the average dwelling value in New Zealand hit an all-time high $641,648 in August, although the annual growth rate had fallen to 4.8% – the lowest level in five years: CoreLogic also revealed that Auckland’s average dwelling

The post Jacinda Ardern walks the housing tightrope appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Read more Views: 5
MacroBusiness Tuesday, October 24, 2017 - 00:20 Source

New data from the Dept of Employment: Overall wages growth under federal enterprise agreements – June quarter 2017 (Tables 1 and 2 of the Trends report)  The average annualised wage increase (AAWI) for federal enterprise agreements approved in the June quarter 2017 was 2.6 per cent, down from 2.7 per cent in the March

The post Wages oh dear: Enterprise Bargaining Agreements hit all-time lows appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Read more Views: 6
North Coast Voices Tuesday, October 24, 2017 - 00:18 Source

A report released by the Federal Government's Australian Institute of Health and Welfare [AIHW] on 19 October 2017 states that welfare spending in 2016 reached 9.5 per cent of Australia's Gross Domestic Product (GDP) having been increasing on average by 0.09 per cent or est.

Read more Views: 6
North Coast Voices Tuesday, October 24, 2017 - 00:16 Source

In October 2017 SportsBet stated that one punter has just bet $100,000 at $3.40 on Donald Trump winning the 2020 US Election and the same individual also has $20,000 at $3.75 as well.SportsBet (Australia) and politics on 16 October 2017:

Read more Views: 6
North Coast Voices Tuesday, October 24, 2017 - 00:16 Source
Read more Views: 6
MacroBusiness Tuesday, October 24, 2017 - 00:12 Source

By Leith van Onselen Following his deliberate obfuscation of housing affordability last week, Domainfax’s Peter Martin has penned another misleading article, entitled “Census 2016: Australians increasingly restless as half move home”, which misdiagnoses the reasons why Australians are moving more frequently: Almost half the Australian population has moved house during the past five years, one

The post Young people aren’t “restless”. They are being forced to move home appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Read more Views: 7
MacroBusiness Tuesday, October 24, 2017 - 00:06 Source

Via the US Energy Information Agency: Source: Australia Energy Market Operator Gas Bulletin Board, IHS Australia became the world’s second-largest exporter of liquefied natural gas (LNG) in 2015 and is likely to overtake Qatar as the world’s largest LNG exporter by 2019. As Australia’s LNG exports have increased, primarily from LNG projects in eastern Australia, the

The post EIA thanks dog the US’s gas market is not Australia’s appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Read more Views: 7
MacroBusiness Tuesday, October 24, 2017 - 00:01 Source

Global Macro / Markets / Investing: Global Investors Chase Safety, Yield in U.S. Bonds – WSJ Number Of Bitcoin Miners In Venezuela Swells To 100,000 – ZeroHedge Is Bitcoin A Giffen Good? – Forbes The Financial Regulatory Laffer Curve – Macro and Other Musings Is the growth in living standards worse now than in the

The post Links 24 October 2017 appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Read more Views: 8
politicalowl Monday, October 23, 2017 - 23:29 Source

I'm not sure why Malcolm Fraser and his visit to Memphis did not make the historical list published in the Melbourne Herald Sun a few years ago but it's a starting point. Jim Cairns and Juni Morosi, Gareth Evans and Cheryl Kernot, Labor PM Ben Chifley and his secretary, Bill Snedden and SA Premier Mike Rann.

Read more Views: 10
George Monbiot Monday, October 23, 2017 - 22:25 Source

The scale and speed of environmental collapse is beyond imagination.

By George Monbiot, published in the Guardian 20th October 2017

Which of these would you name as the world’s most pressing environmental issue? Climate breakdown, air pollution, water loss, plastic waste or urban expansion? My answer is none of the above. Almost incredibly, I believe that climate breakdown takes third place, behind two issues that receive only a fraction of the attention.

Read more Views: 12
politicalowl Monday, October 23, 2017 - 20:33 Source

Up there on the hill they might be writing about something else but that's what they're talking about.

Read more Views: 20
En Passant Monday, October 23, 2017 - 20:31 Source


(Image via commons.wikimedia.org)

After 21 disastrous polls, when will Malcolm Turnbull be replaced, and by whom?

It is only a matter of time till Malcolm Turnbull is replaced as leader. The question is, who will replace him?  My thoughts, in Independent Australia.

Read more Views: 19
John Quiggin Monday, October 23, 2017 - 20:04 Source

A steady stream of negative evidence hasn’t shaken the faith of believers in nuclear energy. Many of them are under the impression that the failure of nuclear energy is specific to the developed world, where some combination of environmentalism and NIMBYism prevents the adoption of an obviously sensible solution. It is widely imagined that China, India and other countries are forging ahead. This idea was plausible until fairly recently, but the latest evidence suggests that nuclear power is in terminal decline.

Read more Views: 20
The Australian Independent Media Network Monday, October 23, 2017 - 19:56 Source

It seems the perfect recipe, a union of minds and fates. A case, long disputed, deliberated over, conspired over, meets a modern US president who favours the notion of birther theories, rigged systems, corrupt elites and corrosive establishments. As President Donald Trump announced over the weekend, “Subject to the receipt of further information, I will…

The post When Conspiracies Meet: Donald Trump and the JFK Files appeared first on The AIM Network.

Read more Views: 18
Inside Story Monday, October 23, 2017 - 17:23 Source

Japanese prime minister Shinzo Abe would be entitled, after Sunday’s election, to quote Mark Twain’s famous remark: “Reports of my death are greatly exaggerated.” Political death, that is. His ruling coalition not only threw back all challengers but also retained the crucial two-thirds majority in the lower house required to amend the constitution.

Read more Views: 30
MacroBusiness Monday, October 23, 2017 - 16:30 Source

by Chris Becker A mixed start to the week with the Yen dropping on the Japanese election, sending domestic stocks higher while the ASX200 had a dip after its big moves last week. All eyes are on Trump’s tax plan, which may actually have the potential to pass through Congress, but also some caution in

The post Macro Afternoon appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Read more Views: 19
Renew Economy Monday, October 23, 2017 - 15:08 Source

The Coalition's proposed National Energy Guarantee is not a policy at all, just the idea of one. And attractive as it may be on a notional level, it is a long way short of being "workable" or even remotely effective. Here are 30 reasons why it should be approached with caution.

Read more Views: 22
Renew Economy Monday, October 23, 2017 - 14:31 Source

Bertrand Piccard wants to show governments 1,000 innovations that together will make it possible to reduce energy consumption and cut greenhouse gas emissions by half.

Read more Views: 29
The Australian Independent Media Network Monday, October 23, 2017 - 14:00 Source

A few weeks ago, there was another mass murder in the USA. This time the shooter, a 64-year-old male, holed himself up on the 32rd floor of a casino hotel complex in Las Vegas, Nevada and massacred 60, including himself, and injured more than 500 (at the time of writing). All the victims did wrong…

The post Fake news – or lousy reporting appeared first on The AIM Network.

Read more Views: 22
MacroBusiness Monday, October 23, 2017 - 13:55 Source

From Roy Morgan Research: Analysis of long-running trends in the Australian labour market by Gender shows that strong increases in Australian employment this century have been driven by large increases in both full-time and part-time employment for both women and men. However, although these increases have been shared between both genders, the increasing number of

The post Increasing womens participation has driven Australia’s jobs growth appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Read more Views: 29
Renew Economy Monday, October 23, 2017 - 13:52 Source

NEG design could have immediate impact on large-scale renewable energy projects, particularly those looking to by-pass control of big gen-tailers" and go "merchant".

Read more Views: 20
Renew Economy Monday, October 23, 2017 - 13:52 Source

NEG design could have immediate impact on large-scale renewable energy projects, particularly those looking to by-pass control of big gen-tailers" and go "merchant".

Read more Views: 21
Renew Economy Monday, October 23, 2017 - 13:49 Source

Genex Power is pleased to provide an update in relation to the development of the 250MW Kidston Pumped Storage Hydro project at Kidston.

Read more Views: 19
MacroBusiness Monday, October 23, 2017 - 13:49 Source

Bulks are mixed in Dalian: Big Iron is mixed: Big Gold still a sell: The share market just loves a Pensioner Killer: Big Sleazy still a buy, especially if we get weak inflation: Big Shit see Domainfax flying towards IPO: Struggling again.

The post ASX stalls appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Read more Views: 22
Renew Economy Monday, October 23, 2017 - 13:46 Source

This plan to provide a plan is almost the worst outcome possible for investment certainty. If more detail doesn't emerge soon, it could be as bad for renewables as the Abbott years.

Read more Views: 21
MacroBusiness Monday, October 23, 2017 - 13:37 Source

Chinese house prices are out and slowed some more in September, up just 0.2% month on month and 6.3% year on year: In terms of cities, everything is now slowing with top tiers set to go negative, second not far behind and lower tiers rolling: The number of cities with flat or falling prices was

The post Chinese house prices slow some more appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Read more Views: 20
MacroBusiness Monday, October 23, 2017 - 13:13 Source

You don’t say, via the FT: Jordan Belfort, the former penny-stock broker immortalised in the film, The Wolf of Wall Street, has dismissed the current craze for initial coin offerings as “the biggest scam ever” that is bound to “blow up in . . . people’s faces”. The warning comes after ICOs — which raise funds online by selling investors digital

The post Wolf of Wall St says crypto “biggest scam ever” appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Read more Views: 16
MacroBusiness Monday, October 23, 2017 - 12:54 Source

By Gareth Aird, Senior Economist at CBA: Key Points: We expect the headline CPI to rise by 0.9% in Q3 (2.1%pa), boosted by a large rise in electricity and gas prices. The underlying CPI on our forecasts will print at 0.5% (2.1%pa). Weak core inflation and little sign of inflation pressures building means monetary policy

The post CPI preview: Headline inflation to rise on energy, core to remain weak appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Read more Views: 16

Pages