Blogotariat

Oz Blog News Commentary
The Australian Independent Media Network Friday, February 23, 2018 - 20:12 Source

It was only meant to be a flesh wound, it wasn’t meant to end Barnaby’s career. That was his fault. This is the basic message from the Daily Telegraph, where Sharri Markson revealed insider knowledge of the ‘crisis talks between the offices of the Prime Minister and the Deputy Prime Minister’ in the lead up…

The post Just a flesh wound appeared first on The AIM Network.

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The Australian Independent Media Network Friday, February 23, 2018 - 20:00 Source

By Loz Lawrey “Loz, you have no class”, she said. Shocked and confused, I felt my eyebrows arching. Was my sister-in-law’s mother insulting me? “No”, she said. “I mean, you have no class”. Then I realised: she was referring to social “class”. This was a seminal moment for me. It had the effect of plunging…

The post How to reject division appeared first on The AIM Network.

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politicalowl Friday, February 23, 2018 - 18:17 Source

It was five little words from Barnaby Joyce's supposed friend David Littleproud that proved the kiss of death. "Put up or shut up" said the National Party new boy when commenting on another round of rumours about his party leader.And over in West Australia a woman reacted to the taunt. As the Owl understands it, the party member and pal of WA National leader Mia Davies who had remained silent for several years came forward with what she said were details of sexual harassment.

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Club Troppo Friday, February 23, 2018 - 18:16 Source

Image result for creating money out of thin airBelow is an extract from a recent academic article setting out – rather laboriously I have to say – three ‘theories’ – I’d rather call them ‘ways of seeing’ what banks do in our financial system.

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MacroBusiness Friday, February 23, 2018 - 17:03 Source

A mixed end to the week here in Asia with stock markets outside China rising even after a poor overnight lead from Wall Street. The USD continues to build strength although the Japanese CPI print for January came in slightly stronger than expected, moderating the fall in Yen and sending stocks higher. Here in Australia,

The post Macro Afternoon appeared first on MacroBusiness.

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Inside Story Friday, February 23, 2018 - 16:14 Source

The economy is still okay. Wage rises are low, but jobs are booming. The budget is still in deficit, but at last it is shrinking. House prices in Sydney and Melbourne have soared out of the price range of many who live there, but seem to be flattening out. The global economy is going gangbusters, pushing export prices high.

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Cheeseburger Gothic Friday, February 23, 2018 - 16:05 Source

I finished my soy binge of Altered Carbon on Netflix this week. Loved it. I loved the book to when I read it over a decade ago, but that was so long that apart from one or two standout scenes (the concealed mini guns in the hotel, for instance) I had pretty much forgotten everything. It wasn't a bad way to go into the series.

I'm not sure how faithful the producers were to a black letter adaptation of Richard Morgan's original text, and frankly I don't think it matters. This was a powerful piece of cinematic storytelling, a rich combination of science-fiction and old school film noir.

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The Australian Independent Media Network Friday, February 23, 2018 - 16:00 Source

By Christian Marx The world is in crisis. Endless wars, famine, rampant racism, assassinations, coups, a corrupted media landscape, increasing attacks on workers’ rights. All of these calamities are not happening in isolation. They can all be linked directly back to the political ideology of conservatism. Conservative politics – in a nutshell – is designed…

The post The evil of Conservatism appeared first on The AIM Network.

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Renew Economy Friday, February 23, 2018 - 14:48 Source

SA Labor promises to waive stamp duty, five years of registration costs, on purchase of zero emissions cars, if it wins election.

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MacroBusiness Friday, February 23, 2018 - 14:30 Source

Cross-posted from The Conversation: The argument that cutting the Australian company tax rate will lead to higher investment and wages, more employment and faster GDP growth does not have solid empirical or theoretical backing. A close look at the economic research in this area shows a lack of consensus. Different studies, looking at different samples

The post No solid research or theory supports cutting company taxes to boost wages appeared first on MacroBusiness.

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Renew Economy Friday, February 23, 2018 - 14:12 Source

There are some significant issues still to be resolved around the NEG – complexity and potential costs are concerning.

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Renew Economy Friday, February 23, 2018 - 14:10 Source

In the past, switching from coal to natural gas has driven US power sector emissions cuts. In 2017, it was declining load and greater renewable generation.

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Renew Economy Friday, February 23, 2018 - 14:06 Source

Everyone hates the fixed charges on their electricity bills, so why do they keep going up? Is it because retailers take us for mugs?

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The Australian Independent Media Network Friday, February 23, 2018 - 14:00 Source

Part Eleven of a history of European occupation, rule, and brutal imperialism of Indigenous Australia, by Dr George Venturini.  In 2012 the government set up the ‘Recognise’ campaign, overseen by Reconciliation Australia. Recognise partnered with more than 180 organisations, and its distinctive “R” logo was used by sporting teams and companies, but opponents of constitutional…

The post A belated ‘Recognition’ and a ‘new policy’ (Part 3) appeared first on The AIM Network.

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Renew Economy Friday, February 23, 2018 - 13:46 Source

Further rises in Australia's already ridiculously high grid prices, South Australian incentives, and the first battery storage manufacturing plant in the country suggest the battery storage market is about to take off.

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Renew Economy Friday, February 23, 2018 - 13:36 Source

Comedian Shaun Micallef sends up opponents to battery storage and wind farms in the best skit on energy matters since Clarke and Dawe.

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MacroBusiness Friday, February 23, 2018 - 13:30 Source

Cross-posted from Tim Duy: Fed speakers continue to reiterate that policy remains on a gradual path of tightening.So far, the inflation data and brightening economy has more emboldened their commitment to gradual rate hikes than a faster pace of hikes. What about fiscal policy? That train has left the station, but central bankers don’t seem too

The post Fed gets ready to run US economy “hot” appeared first on MacroBusiness.

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Renew Economy Friday, February 23, 2018 - 12:53 Source

Co-pilot of world's first solar plane to circle globe starts new company, to drive “new aviation solutions” including flying cars, drones and vertical take-off and landing aircraft.

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Renew Economy Friday, February 23, 2018 - 12:47 Source

New analysis says performance of Tesla big battery shows advantages of distributed storage rather than a single "monster" project like Snowy 2.0.

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MacroBusiness Friday, February 23, 2018 - 12:39 Source

Via The Australian: Tony Abbott has intensified his attack on Liberal colleagues critical of his stance on immigration, saying comments by Scott Morrison, Mathias Cormann and Steve Ciobo this week were “inept” and suggested the Turnbull government was “floundering”. …Mr Abbott suggested Mr Morrison, Mr Cormann and Mr Ciobo were “living in a Canberra bubble”

The post Chaos grows as Abbott labels Morrison “inept”. Joyce to quit appeared first on MacroBusiness.

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MacroBusiness Friday, February 23, 2018 - 12:38 Source

From Bloomie: One of Australia’s biggest money managers is betting the Australian dollar will slide, just as hedge funds ratchet up bets on the currency appreciating. The Aussie will drop to 73 US cents before the end of the year, according to Ilan Dekell, head of macro for global fixed income at AMP Capital Investors.

The post AMP: Australian dollar to tank appeared first on MacroBusiness.

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politicalowl Friday, February 23, 2018 - 12:34 Source
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MacroBusiness Friday, February 23, 2018 - 11:30 Source

Via UBS: Good Results but Still Lagging the Global Earnings Boom So far just over 130 members of the ASX200 have reported earnings (of around 170 due to report) making reporting season around 80% complete. Reporting season has, as always, been mixed, but overall quite decent with FY18 and FY19 estimates basically holding, which is

The post Lousy ASX profit season says it all about Australia appeared first on MacroBusiness.

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Inside Story Friday, February 23, 2018 - 11:08 Source

Barnaby Joyce’s travails have focused attention on the tensions inherent in the coalition between the Liberals and the National Party. Regardless of how this latest conflict plays out, it is just another chapter in a century-long relationship that has usually managed to hide its internal stresses and strains behind an outward appearance of harmony. Despite the occasional potentially damaging tiff, it’s been a remarkably durable partnership.

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The Australian Independent Media Network Friday, February 23, 2018 - 11:05 Source

23 February 2018 It is being said in some quarters that Barnaby Joyce has been unfairly thrown under a bus. If that is so, then I suggest that the bus goes by the name of Karma. And it was no-one other than Barnaby who threw himself under its wheels. There is something in all of…

The post Crazy Little Thing Called Lust appeared first on The AIM Network.

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xkcd.com Friday, February 23, 2018 - 11:00 Source

In-universe, Bart Simpson and Harry Potter were the same age in 1990. Bart is perpetually 10 years old because of a spell put on his town by someone trying to keep him from getting his Hogwarts letter.

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Skepticlawyer Friday, February 23, 2018 - 10:52 Source

Helen Pluckrose and James Lindsay have produced a Manifesto Against the Enemies of Modernity. There is much to agree with in it but at least one part is thoroughly misconceived, which is the attack on libertarianism.

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MacroBusiness Friday, February 23, 2018 - 10:52 Source

Any so it goes. Dominoes was a bubble and now it is bursting: That is one ugly chart. Massive head and shoulders top. Busted neckline. And now free falling below previous support lines. DMP is still trading on 31x forward earnings. Trouble is, it’s going ex-growth: Domino’s Pizza, its hyper-growth mirage now running on fumes

The post Dominoes pizza bubble bursts appeared first on MacroBusiness.

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Harrangue Man Friday, February 23, 2018 - 10:43 Source

I split a corn cob three ways, one piece each for the adults and one piece for the little ones. The latter clucked with content as they hoed into it. I watched, sipping from a bottle of Diet Coke, and felt calm fall upon me. Chickens; a soothing presence for a wounded mind.

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Renew Economy Friday, February 23, 2018 - 10:30 Source

CEC says all inverters by Shenzhen Sofarsolar “de-listed” from organisation’s catalogue of compliant products, after tests turned up a potential safety issue.

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