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The Australian Independent Media Network Tuesday, March 26, 2019 - 21:03 Source

Firstly, we are supposed to believe that the Qatari government have launched a three-year sting operation employing spies to influence the elections in Australia and, in order to exert influence over our government, they sought out James Ashby. Sorry James, but that’s narcissism on steroids.  As if the Qatari government has ever heard of you…

The post What Ashby and Dickson want us to believe appeared first on The AIM Network.

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The Australian Independent Media Network Tuesday, March 26, 2019 - 19:52 Source

By Dr Strobe Driver Introduction The analysis of Australia’s leasing of the Port of Darwin (PofD) to a Chinese company (Landbridge Industry Australia) in 2017—ABC News ‘Why did the Northern Territory lease the Darwin Port to China, and at what risk?’[1]—and the serious future repercussions this will have to Australia’s security, is finally coming to the…

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THE BLOT REPORT Tuesday, March 26, 2019 - 18:51 Source

The post Fiona Katauskas quote appeared first on THE BLOT REPORT.

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John Quiggin Tuesday, March 26, 2019 - 18:23 Source

It took a bit of pushing, but the ABC has corrected the headline on this story in which I was quoted briefly in the text and badly misrepresented by the original headline. The system works, I guess.

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MacroBusiness Tuesday, March 26, 2019 - 17:00 Source

Asian share markets are mixed following last night’s equally mixed session across north Atlantic bourses, with Japanese bourses bouncing the highest on the back of a slightly weaker Yen. The Australian dollar is rising the fastest amongst the undollars while gold has retreated slightly after getting ahead of itself last night. The Shanghai Composite is

The post Macro Afternoon appeared first on MacroBusiness.

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The Australian Independent Media Network Tuesday, March 26, 2019 - 16:21 Source

By Henry Johnston    Type the words ‘train wreck’ into your favourite search engine, and you are more than likely to come up with hits describing the appearance of Teena McQueen on the ABCTV programme Q&A, broadcast March 25, 2019. I prefer a different word. Hubris. My version of the Macquarie Dictionary defines hubris as,…

The post Hubris and its consequences appeared first on The AIM Network.

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Your Democracy Tuesday, March 26, 2019 - 16:15 Source
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Renew Economy Tuesday, March 26, 2019 - 15:43 Source

Scott Morrison CoalNo new coal plant made the Coalition's shortlist for new generation, although Morrison has bowed to the far right and agreed to a feasibility study for Queensland coal plant.

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Renew Economy Tuesday, March 26, 2019 - 15:40 Source

Federal agriculture minister claims 1% cut to emissions could "slash the national herd and flock by 10% – more than 2.5 million cattle and six million sheep.” Says Labor being "tricky."

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Renew Economy Tuesday, March 26, 2019 - 15:24 Source

The push for a new coal-fired power generator in Queensland goes back a few years, and has intensified in the last couple. Like most of the arguments in favour of coal fired generation and against climate policies, it is based on lies and misinformation. We should hardly need to discuss it were it not for...

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Renew Economy Tuesday, March 26, 2019 - 15:12 Source

Australia singled out as one of least prepared of world’s advanced economies to transition to low-carbon energy, according to a new report from the World Economic Forum.

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Renew Economy Tuesday, March 26, 2019 - 14:31 Source

San Gorgonio Pass Wind Farm in Palm Springs, CaliforniaNew research finds that replacing 74 per cent of existing coal plants with renewables would immediately reduce costs.

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MacroBusiness Tuesday, March 26, 2019 - 13:30 Source

By Leith van Onselen Last year I labelled the $22 billion National Disability Insurance Scheme (NDIS) a “bureaucratic nightmare”, citing my family’s own personal experience with our 11-year old autistic son. Despite being diagnosed in the “severe range” of autism spectrum disorder, unable to converse or read, and attending a special school, my son was initially

The post NDIS: a bureaucratic mess that “risks collapse” appeared first on MacroBusiness.

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MacroBusiness Tuesday, March 26, 2019 - 13:00 Source

By Leith van Onselen Trade Minister Simon Birmingham has derided Labor’s obsession with “trivial  left-wing obsessions” and its call for greater transparency in free trade agreement (FTA) negotiations. From The AFR: With Senator Birmingham to sign a free trade deal with Hong Kong in Sydney on Tuesday, Labor has hit back by promising to address public

The post Coalition appalled by Labor’s FTA transparency appeared first on MacroBusiness.

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MacroBusiness Tuesday, March 26, 2019 - 12:45 Source

Via FTAlphaville: For most of 2018, US assets were exceptional. Thanks to a hefty dose of fiscal stimulus from the Trump administration, the economy surged at a time when growth elsewhere was slowing down. And when the Fed moved to further tighten monetary policy — as the likes of the ECB and BOJ held firm —

The post US growth exceptionalism not over appeared first on MacroBusiness.

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MacroBusiness Tuesday, March 26, 2019 - 12:30 Source

There’s going to be a deluge of this stuff forever now, via Domain: The former operator of a Melbourne restaurant is facing allegations it underpaid a migrant employee almost $70,000 in less than two years and provided false records to Fair Work inspectors during their investigation. The Fair Work Ombudsman (FWO) is taking legal action

The post More migrant wage theft exposed appeared first on MacroBusiness.

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MacroBusiness Tuesday, March 26, 2019 - 12:15 Source

While the horribly late to the party Fake Left is celebrating at The Guardian: Under the Labor proposal, a Bill Shorten government would amend the Fair Work Act to first instruct the Fair Work Commission, which sets the nation’s minimum wage, to determine “what a living wage should be”, taking into account the views of

The post Labor cools “living wage” expectations appeared first on MacroBusiness.

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MacroBusiness Tuesday, March 26, 2019 - 12:10 Source

Sigh. My kingdom for a central bank that has a clue about how to defend its nation in a time of lowflation. Every time the lunatic RBA has opened its mouth for eight years it has lifted the AUD. Today’s preposterous optimism from Luci Ellis is no exception delivering another little deflationary slash in the death

The post Lunatic RBA drives Australian dollar higher, hoses bonds appeared first on MacroBusiness.

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MacroBusiness Tuesday, March 26, 2019 - 12:00 Source

Via Capital Economics: A recent paper by Larry Summers and Lukasz Rachel has been doing the rounds among economists and has revived debate in financial markets about “secular stagnation”. But what is “secular stagnation”, and what might it mean for economic growth, monetary policy and asset prices? One problem is that there are competing definitions

The post What is “secular stagnation” appeared first on MacroBusiness.

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Your Democracy Tuesday, March 26, 2019 - 11:38 Source

squirrels

The firing of Morris Dees, the co-founder of the S.P.L.C., has flushed up uncomfortable questions that have surrounded the organization for years.

 

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MacroBusiness Tuesday, March 26, 2019 - 11:30 Source

By Leith van Onselen The Conversation’s Peter Martin has called for the Morrison Government to establish a warts-and-all inquiry into Australia’s compulsory superannuation system before the upcoming election, because the captured Labor Government is unlikely to do so: Facing overwhelming odds of defeat in the election due within weeks, one of its last throws of

The post It’s time for a warts-and-all review into compulsory super appeared first on MacroBusiness.

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MacroBusiness Tuesday, March 26, 2019 - 11:15 Source

Via Peter Hartcher: Scott Morrison as immigration minister proposed a multibillion-dollar program to build new mass detention facilities in Australia for asylum seekers who were living in the community on bridging visas, according to multiple informed sources. …Mr Morrison’s proposal was opposed by then treasurer Joe Hockey, who “hit the roof”, in the words of

The post King Scummo: Jail every refugee! appeared first on MacroBusiness.

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MacroBusiness Tuesday, March 26, 2019 - 11:15 Source

By Leith van Onselen With concerns over the mass immigration ‘Big Australia’ policy on the rise, the Property Council has resorted to planning propaganda 101: pushing something undesirable as inevitable, then suggesting solutions that line its own pocket. Last week, we got the following special pleadings from CEO Ken Morrison: Australia’s policy-makers and planners need to focus

The post Property Council: Let’s bulldoze Sydney into high-rise appeared first on MacroBusiness.

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MacroBusiness Tuesday, March 26, 2019 - 11:00 Source

It’s been running for a few years: the widening spread between the cash rate and bank funding costs expressed through BBSW. This has led to impaired monetary transmission for the RBA as banks are forced to wither hike rates out of cycle, or not cut when it does. Recent weeks have seen the spread compress

The post Is Australia’s little financial crisis over? appeared first on MacroBusiness.

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The Australian Independent Media Network Tuesday, March 26, 2019 - 10:52 Source

One Nation flew to a foreign country to ask for millions. They asked USA gun lobbyists to interfere in our politics on social media. PHON got pointers from NRA for political strategy. One Nation is gutter trash. They are clearly UNAUSTRALIAN. They have no place in our society. This is no longer just opinion or…

The post Dead Kids Are Not Sophisticated Scott. Put Hanson Last. appeared first on The AIM Network.

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MacroBusiness Tuesday, March 26, 2019 - 10:45 Source

By Leith van Onselen Economists claims that the federal government’s plan to cut the permanent migrant intake by 30,000 annually over four years will reduce economic growth by 0.13% and put further downward pressure on house prices. They also contend that the cut in permanent migration could lead to a tighter skilled labour market, with

The post Economists: Migration cuts to lift wages, improve housing affordability appeared first on MacroBusiness.

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MacroBusiness Tuesday, March 26, 2019 - 10:30 Source

Via Westpac: • A quote from last week’s March RBA Board Meeting Minutes, has garnered significant attention over the past week., the RBA noted that: “… Members had a detailed discussion of the Bank’s operations in repurchase and foreign exchange swap markets and their role in achieving the Board’s target for the cash rate.” When

The post RBA “seriously considering QE” appeared first on MacroBusiness.

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MacroBusiness Tuesday, March 26, 2019 - 10:30 Source

Via The Australian: The company has been caught up in a storm of falling volumes and auction clearance rates as well as an exodus of high-performing agents and the loss of key offices, including on Sydney’s wealthy north shore. The company’s shares fell by about 7.7 per cent to 24c yesterday as the investors digested

The post McGrathmageddon -89% appeared first on MacroBusiness.

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MacroBusiness Tuesday, March 26, 2019 - 10:15 Source

From Al Jazeera: How do you respond to a deadly mass shooting if you are a gun rights advocate? First, “Say nothing.” If media queries persist, go on the “offence, offence, offence”. Smear gun-control groups. “Shame them” with statements such as – “How dare you stand on the graves of those children to put forward

The post Al Jazeera: One Nation in bed with NRA gun nuts appeared first on MacroBusiness.

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THE BLOT REPORT Tuesday, March 26, 2019 - 10:14 Source

In his diatribe in the
Sydney Morning Herald, the usually incompetent commentator, Tom Switzer starts
off with what may turn out to be a fact, which is unusual for him. He states
that Australia is entering a new political era. And so it is. It is entering a
new phase where the failed trickle-down of neoliberal economics is jettisoned,
where socially repressive attitudes will be thrown overboard, where religious
privilege will sink beneath the waves, and where corruption will be made to
walk the plank. The funny thing is that Switzer cannot help himself, he has to hang

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