Blogotariat

Oz Blog News Commentary
The Australian Independent Media Network Tuesday, July 23, 2019 - 11:19 Source

A couple of items from the establishment media in the last few days have led to the suggestion in the title. Senator Warren appears to be the ‘left-extreme’ among the Democratic candidates. This is a highly relative term given how far to the right the American establishment is. I define ‘left-extreme’ as follows: she is…

The post Corporate Compromise Candidate: The Rise of Elizabeth Warren appeared first on The AIM Network.

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MacroBusiness Tuesday, July 23, 2019 - 11:15 Source

Via Banking Day: Messing around with home loan pricing and promotion in a manner loathed by regulators, Westpac has sweetened home loan incentives by almost doubling the rate discount offered to new home buyers that take out a packaged mortgage deal with the bank. In a move likely to trigger responses from the three other

The post Westpac doubles mortgage discounts appeared first on MacroBusiness.

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MacroBusiness Tuesday, July 23, 2019 - 11:15 Source

The New Daily is owned by Industry Super Holdings, so one should expect it to wholeheartedly support lifting Australia’s superannuation guarantee (compulsory superannuation) to 12%, given this would deliver its owners more funds under management to clip the ticket on. This helps to explain why Your Super Editor of the New Daily, Rod Myer, has

The post New Daily talks its master’s book on compulsory super lift appeared first on MacroBusiness.

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Renew Economy Tuesday, July 23, 2019 - 11:13 Source

A Gold Coast woman has completed a solo trip around Australia in an electric car, driving 17,000km in 80 days in her Tesla Model S.

The post Woman drives Tesla around Australia in 80 days, on ground-breaking solo trip appeared first on RenewEconomy.

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MacroBusiness Tuesday, July 23, 2019 - 11:00 Source

Back in 2005, my little magazine, The Diplomat, asked Peter Costello how Australia would reconcile China’s dictatorial government with our growing economic dependence. He replied it was not an issue because China’s liberalising economy would ultimately liberalise its political system.  I’m not sure if he believed it. It was convenient for everyone to believe at the

The post China’s “peaceful rise” is sure as Hell over appeared first on MacroBusiness.

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MacroBusiness Tuesday, July 23, 2019 - 10:45 Source

Another one joins the MB led consensus, never a comfy position to be for us, via Morgan Stanley: If clearance rates can sustain in a lifting auction volume environment then we may see a stronger housing recovery – although this looks unlikely to us at this stage”. We think the likelihood of a price rebound

The post Morgan Stanley: Expect L-shaped recovery for property appeared first on MacroBusiness.

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MacroBusiness Tuesday, July 23, 2019 - 10:30 Source

It smells to high heaven, via the AFR: Scott Morrison and senior partners from consultancy EY will be called to appear before a Senate committee to explain career moves by former ministers Christopher Pyne and Julie Bishop. …The vote, held on Monday afternoon, was delayed after Prime Minister Scott Morrison agreed to ask his departmental

The post Senate looks into Pyne pork as dodgy Parko rolled appeared first on MacroBusiness.

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MacroBusiness Tuesday, July 23, 2019 - 10:15 Source

Time to go, mate. Via the SMH: A rare public intervention from banking royal commissioner Kenneth Hayne could be aimed at ensuring his recommendations are not watered down by financial sector lobbying, former watchdog Allan Fels says. …In a move that adds to pressure on APRA, on Monday commissioner Hayne made his first public comments

The post Why is Wayne Byers still in the building? appeared first on MacroBusiness.

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MacroBusiness Tuesday, July 23, 2019 - 10:00 Source

By Cameron Kusher, CoreLogic Research Analyst: Last week the Australian Bureau of Statistics (ABS) released their biennial Housing Occupancy and Costs data for the 2017-18 financial year. The release has too much data to cover off in full in just one blog post so this week’s blog will cover off on some of the details

The post Lower-income households are priced-out of housing appeared first on MacroBusiness.

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MacroBusiness Tuesday, July 23, 2019 - 09:45 Source

The blame shifting over Australia’s apartment crisis is in overdrive, with everything from deregulation to taxation being blamed for the mess. Kathlyn Loseby – the chief operating officer of Crone Architects and the NSW president Australian Institute of Architects – blames developers prioritising “greed and speed before quality”: These solutions must address the root cause

The post Mass immigration is the cause of Australia’s apartment crisis appeared first on MacroBusiness.

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MacroBusiness Tuesday, July 23, 2019 - 09:30 Source

By Chris Becker  With no economic events overnight, risk markets hinged on the unhinged tweets from Trump while the UK tried to de-escalate tensions with Iran over its seized oil tanker. Tech stocks had a very positive night while industrials on Wall Street were subdued as disappointing earnings keep rolling in. Currency markets were quiet

The post Macro Morning appeared first on MacroBusiness.

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MacroBusiness Tuesday, July 23, 2019 - 09:30 Source

Via Assistant Governor of Financial Market madness at the Lunatic RBA today: The Committed Liquidity Facility I’d like to thank Bloomberg for the opportunity to speak to you about the committed liquidity facility (CLF). The CLF has been in place now for almost five years. As we announced in June, after a careful review, the

The post Inside the RBA’s cash for coconuts facility appeared first on MacroBusiness.

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MacroBusiness Tuesday, July 23, 2019 - 09:15 Source

Via the AFR: Pressure is building within the government over the inadequacy of the Newstart payment after a majority of the Nationals backed an increase, while Liberal senator Dean Smith also broke ranks. With Prime Minister Scott Morrison adamant there would be no above-inflation increase to the unemployment benefit, the Nationals discussed the issue at

The post Backbench turns on cruel ScoMo over Newstart appeared first on MacroBusiness.

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The Australian Independent Media Network Tuesday, July 23, 2019 - 09:02 Source

This yarn was told to me back in the early eighties by my brother in law as we walked from his house to the “Top Bar” in his village in Sth’n Italy … It apparently happened in his village, which was known for it’s workers in textiles and shoes … My B-i-L is himself a…

The post The Apprentice’s Revenge appeared first on The AIM Network.

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The Australian Independent Media Network Tuesday, July 23, 2019 - 09:02 Source

This yarn was told to me back in the early eighties by my brother in law as we walked from his house to the “Top Bar” in his village in Sth’n Italy … It apparently happened in his village, which was known for it’s workers in textiles and shoes … My B-i-L is himself a…

The post The Apprentice’s Revenge appeared first on The AIM Network.

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MacroBusiness Tuesday, July 23, 2019 - 09:00 Source

Spot was clubbed. Paper hung on overnight. Steel is soft. Port stocks surged 3.1mt to 118.35mt. Reuters has the texture: “The inventory figures could be higher because of an increase in import volumes, or there could also be some delay in the delivery from ports to the mills,” the trader said. “We need to see

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

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MacroBusiness Tuesday, July 23, 2019 - 05:35 Source

DXY was up overnight, EUR and CNY down: The Australian dollar faded against EMs: And fell against EMs: Gold was firm: And oil: Metals flamed out: Big miners fell: EM stocks are stuck: Junk was mixed: Treasuries were bid: Bunds boomed: As did Aussie bonds: The return of the bond boom is an interesting phenomenon

The post Australian dollar falls again as bond boom returns appeared first on MacroBusiness.

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MacroBusiness Tuesday, July 23, 2019 - 00:20 Source

It had better be. The last time Australia found itself coming out of a housing correction in 2011, MB warned that APRA should tighten macroprudential policy. Instead it waited five years and the rest is bubble history. In part APRA was slowed by the Lunatic RBA which very unwisely campaigned against macroprudential for years. This

The post Is corrupt APRA preparing the next round of macroprudential? appeared first on MacroBusiness.

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MacroBusiness Tuesday, July 23, 2019 - 00:10 Source

The latest high profile case of wage theft at celebrity chef George Calombaris’ restaurants – alongside similar cases at Neil Perry’s Rockpool and Heston Blumenthal’s Dinner by Heston – has once again highlighted that Australia’s hospitality industry is ground zero for migrant exploitation. The Fair Work Ombudsman (FWO) in 2017 revealed that migrant workers are involved

The post Skilled visa rort worsens as wage theft chefs given more migrant slaves appeared first on MacroBusiness.

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MacroBusiness Tuesday, July 23, 2019 - 00:08 Source

Over the past six years, Australia experienced a monumental boom in international students, whose numbers have nearly doubled to more than 600,000: This surge in international students has driven an alarming increase in cheating at Australia’s universities, as revealed by a wide range of reports. For example, in 2014 Fairfax implicated “functionally illiterate“ Chinese students

The post There’s no excuse for international students cheating appeared first on MacroBusiness.

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MacroBusiness Tuesday, July 23, 2019 - 00:01 Source

Global Macro / Markets / Investing: Mapped: The Countries With the Highest Housing Bubble Risks – Visual Capitalist Gulf tanker incidents may raise shippers’ costs, cut traffic – ABC Demand for Cryptocurrency Explodes in Zimbabwe After Foreign Currency Ban – BeInCrypto A rally and a redirect: why the markets are so focused on the Fed

The post Links 23 July 2019 appeared first on MacroBusiness.

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AustralianPolitics.com Monday, July 22, 2019 - 21:10 Source

This is the maiden speech to the House of Representatives by Josh Burns, the ALP member Macnamara. Listen to Burns (18m): Watch Burns (21m): Hansard transcript of maiden speech to the House of Representatives by Josh Burns, ALP member for Macnamara. The DEPUTY SPEAKER (Mr Andrews): The question is that the address be agreed to. […]

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AustralianPolitics.com Monday, July 22, 2019 - 21:08 Source

This is the maiden speech to the House of Representatives by the ALP member for Lilley, Anika Wells. Listen to Wells (20m): Watch Wells (26m): Hansard transcript of maiden speech to the House of Representatives by Anika Wells, ALP member for Lilley. The SPEAKER: Before I call the honourable member for Lilley, I remind the […]

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Your Democracy Monday, July 22, 2019 - 20:41 Source
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The Australian Independent Media Network Monday, July 22, 2019 - 20:30 Source

The Fourth Estate, that historical unelected grouping of society’s scrutineers, has become something of a rabble, and, as a confederacy of strewn dunces and the ongoing compromised, is ripe for analysis. An essential premise in the work of WikiLeaks was demonstrating, to a good, stone-throwing degree, how media figures and practitioners had been bought by…

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MacroBusiness Monday, July 22, 2019 - 16:30 Source

Not a good start to the week here in Asia with a sea of red on stock markets in response to the weekend seizure of a British oil tanker by Iranian forces, but also the walkback of the Fed easing more than expected at this month’s FOMC meeting. Chinese stocks sold off the most with

The post Macro Afternoon appeared first on MacroBusiness.

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AustralianPolitics.com Monday, July 22, 2019 - 16:00 Source

This is the maiden speech to the House of Representatives by the Liberal member for Ryan, Julian Simmonds. Listen to Simmonds (22m): Watch Simmonds (24m): Hansard transcript of maiden speech to the House of Representatives by Julian Simmonds, Liberal member for Ryan. Consideration resumed of the motion: That the following Address in Reply to the […]

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Renew Economy Monday, July 22, 2019 - 15:30 Source

Adam Bandt Richard Di Natale Greens energy climate policy coal prohibition - optimisedGreens re-introduce legislation to ban government funds for coal while government considers channelling funds to upgrade coal generators under Taylor's UNGI scheme.

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Renew Economy Monday, July 22, 2019 - 15:27 Source

Two of Australia’s largest Renewable Energy Certificate Agents - Green Energy Trading and National Carbon

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Renew Economy Monday, July 22, 2019 - 15:09 Source

rooftop solar power pv tariffAEMO and ENA proposed "hybrid" system to monitor and manage distributed energy - rooftop solar, batteries and EVs - and look to the positives of the energy transition.

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