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Global Macro / Markets / Investing: Apple made more profit in three months than Amazon has generated during its lifetime – CNBC In the Art World, Is $100 Million the New $10 Million? – WSJ A healthy re-examination of free trade’s benefits and shocks – The Economist The threat of secular stagnation has not gone

The post Links 14 May 2018 appeared first on MacroBusiness.

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“Liar”, screeches Scott Morrison, the pot calling the kettle black, opting fittingly for a personal insult rather than a reply to Bill Shorten’s Budget reply, Thursday. ScoMo snatches a moment from commissioning a culturally sensitive, brilliantly timed erection of a statue of James Cook, to signal he’s on the Right white side of history in…

The post Bill’s a liar? ScoMo, your own pants are on fire. appeared first on The AIM Network.

First Solar reach financial close for new 87MW Beryl solar farm in NSW.

In his budget reply speech on Thursday night, Bill Shorten declared that a bunch of upcoming by-elections in Labor-held electorates — Braddon, Fremantle and Longman, where MPs have fallen foul of Section 44 of the Constitution, and Perth, where the MP is retiring — would be referendums on the major parties’ tax plans.

As Labor is certain to retain most of these seats, and likely to win all of them, and given that Wednesday’s High Court ruling made Bill’s earlier bragging about his party’s vetting citizenship processes look ill-advised, you could call that making virtue of necessity. Nice work if you can get away with it.

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I just had a stabbing moment of shifting uncertainty that we are in the wrong timeline; that somehow Trump is president. That it feels so wrong like a rip in spacetime wrong. It's magical thinking; we're just sentient meat on a rock billions of years old. To the universe we're of less interest that an ants nest at a building site. We're not special in celestial terms for it to owe us a re-do but it still feels wrong. Like "crime against time" wrong. Did some future fuckhole come back to 2016 to do it?

Nice one from Ross Gittins today: How has this unexpected but wonderful turnaround been achieved? Largely by assumption. Three in particular. First, that despite four or five years of unprecedented weakness in wage growth, wages will immediately begin a steady return to growth of 3.5 per cent a year, without inflation doing anything more than

The post Gittins: Budget repair assumes 37 years without recession appeared first on MacroBusiness.

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The Guardian, 4 May 2018:Half of the 51,300 older Australians affected by an increase in the age pension age would move on to Newstart or the disability support pension in the first year alone, new figures suggest.The Coalition has long proposed increasing the age pension age from 67 to 70, kicking in from 2025-26.

By Barddylbach There are first, second and third class citizens in our sunburnt country and none of them have done any wrong per se that we don’t already know about, but two of them are apparently class herbivore non-marsupial and actively discriminated against, and many are milked and shamed. So chewing the cud we have…

The post The state of citizenship in our sunburnt country appeared first on The AIM Network.

Some encouraging poll news for the government from Queensland, as the Western Australian Liberals opt to sit out the Perth and Fremantle by-elections.

The post YouGov Galaxy: 52-48 to federal Coalition in Queensland appeared first on The Poll Bludger.

Shorten – My fellow Australians, as I listened to the Government’s fifth budget on Tuesday night, I knew immediately: We can do better than this. The people of Australia deserve better than this. And a Labor Government will deliver better than this. Better than ten years of cuts to schools and hospitals – in exchange for…

Sodastream bottles have changed; they look like sort of a genie lamp with transparent middle and thick white plastic at the top and bottom. It was empty when it fell out as I opened the door but the bottom end of the bottle landed edge on to where my big toe meets the foot. I yelled "FUCK" loudly. Surprise!Thanks, fridge.

My question is directed to the Prime Minister. Your treasurer has just brought down your 2018/19 budget laced with tax cuts to woo the low paid. Some of it will be delivered in a year’s time when everyone files their tax return. The rest over the next seven years. You have your party’s future in…

The post Are You Feeling Lucky, Malcolm? appeared first on The AIM Network.