Blogotariat

Via The Australian: The Greens face an electoral backlash as voters concerned about climate change and asylum-seekers — and enticed by Bill Shorten’s softer policy agenda — refuse to shift their support to a minor party beset by dysfunctional campaigning and infighting. Private polling from the major parties shows the Greens’ national vote remains below

The post Fake Greens headed for doom appeared first on MacroBusiness.

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Via the AFR: The chief executives of the four big banks will be made to face Parliament twice a year to report on progress in implementing the banking royal commission reforms, as part of a boosted accountability regime Labor will introduce if it wins the election. As well, the banks, the regulators ASIC and APRA

The post Pussy Labor prepares to roll on broker reform appeared first on MacroBusiness.

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Not involved in any succession arrangements: Emigration looms as an option.  

The post Bravo: Humiliation of Ken Henry complete appeared first on MacroBusiness.

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Iron ore prices for February 19, 2019: Looks like for now Vale is priced given the overnight news did not support the market. Unless we see some more materially damaging developments, weakening Chinese demand may begin to ease prices henceforth.

The post Daily iron ore price update (equilibrium) appeared first on MacroBusiness.

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By Chris Becker  The return of Wall Street saw risk markets nudge a little higher while a surge in USD weakness due to the leaked concerns of the US trade delegation for a more stable Yuan saw major pairs move swiftly against King Dollar, which should provide a headwind to Asian stocks here today. Looking first

The post Macro Morning appeared first on MacroBusiness.

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Whilst we all bemoan the greed and power of corporations and the damage that the relentless pursuit of profit can cause, or the division that fanatical nationalism or religious adherence creates, or the insidious corruption that permeates society, or the environmental degradation caused by indiscriminate growth, politicians are ultimately the ones who make the rules. …

The post Politicians create problems rather than solve them appeared first on The AIM Network.

Via Bill Evans at Westpac: The minutes of the Reserve Bank Board meeting for February have largely confirmed the themes which were set out in the February Statement on Monetary Policy. Key to these themes is “the probabilities around these scenarios were now more evenly balanced than they had been over the preceding year when

The post Bill Evans: RBA handle on house prices “tenuous” appeared first on MacroBusiness.

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By Leith van Onselen The NSW Office of State Revenue has released stamp duty data to January, which reveals a $1.4 billion (20%) decline over the past year and a $1.6 billion (22%) decline since stamp duty receipts peaked in October 2017: The latest retracement in stamp duty receipts follows a sharp 17% decline in

The post NSW stamp duty ponzi implodes appeared first on MacroBusiness.

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Yes, the headline is a bit of a tease and quite unthinkable, of course. Or maybe…?

The post Could Amazon buy up BMW in push to electric? appeared first on RenewEconomy.

The Paladin Group is a small company with a shack on Kangaroo Island – until last week – as its head office.

The aircraft business has always been a dear affair. More than other forms of transport, it remains susceptible to oscillating costs (materials, fuel), ever at the mercy of the uncontrollable. The Airbus A380 was meant to be a giant’s contribution to aviation. In time, its makers came to the conclusion that the bird had already…

The post Size Matters: The Demise of the A380 appeared first on The AIM Network.

I’m not a big fan of political scandals. Still, it has to mean something when there are too many simultaneous scandals going on for anyone to keep track. Rather than attempt a summary, I’ll list some of the government figures currently involved in one or more scandals that would normally be expected to produce a resignation from office or Parliament: Cash, Cormann, Dutton, Hockey, Keenan, Wilson, Price [feel free to challenge these names, or add others, in comments]. The only comparable situation I can think of is the dying days of the last NSW Labor government.

By Leith van Onselen The Coalition Government has been a curse for Australia’s unemployed. In addition to refusing to lift Australia’s disgracefully low Newstart Allowance: The Coalition’s $65 million a year Work-for-the-Dole program has been an unmitigated failure, whereas its Youth-Jobs PaTH program has become a slave labour scheme in disguise. Now we can add

The post Unemployed punished by ‘punitive’ Jobactive program appeared first on MacroBusiness.

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