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The Australian Independent Media Network
Monday, August 12, 2019 - 13:23
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With one word – zeitgeist — Germans manage to describe two complex metaphysical concepts:- time and spirit. Zeitgeist as adopted by the Anglophone world means the spirit of the age and defines seminal points in history. I detected a shift in the zeitgeist over these last few weeks and I suspect the middle class to… The post A restless muddled class appeared first on The AIM Network. |
MacroBusiness
Monday, August 12, 2019 - 13:15
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One of the biggest knocks on Australia’s compulsory superannuation system is that because of Australia’s flat 15% tax on contributions, those on lower incomes receive minimal concessions (or are penalised), whereas those on higher incomes receive the biggest tax concessions on contributions: Division 293 remedies the situation for those very high income earners above $250,000. The post More proof superannuation benefits the wealthy appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
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MacroBusiness
Monday, August 12, 2019 - 12:45
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Via Westpac: Through both ‘risk-on’ and ‘risk-off’ episodes this year, the US dollar trend has remained upward sloping with the US seen as both the best-performing developed market and a yielding ‘safe-haven’ amid global uncertainty. Despite President Trump’s actions this month, to our mind, this US dollar trend is set to extend into 2020. From The post Westpac: US dollar to keep rising appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
MacroBusiness
Monday, August 12, 2019 - 12:30
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Over the past few years, the New South Wales Government has come up with a range of policy band aids to overcome overcrowding at schools, which are at “breaking point”; NSW Education enrolment data for 2018, released to 9 News under freedom of information laws, reveals 636 schools in NSW have between 100 percent to The post Sydney schools shuffle deck chairs on population Titanic appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
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MacroBusiness
Monday, August 12, 2019 - 12:15
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Via Bloomie: Hong Kong authorities deployed more aggressive tactics during the 10th straight weekend of anti-China protests, with riot police videotaped beating demonstrators in subway stations and officers going undercover to infiltrate the group and make arrests. The violent scenes emerged as protesters used flash mobs across the city, surrounding police stations, disrupting traffic, and hurling projectiles The post Hong Kong resembles prelude to war appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
The Australian Independent Media Network
Monday, August 12, 2019 - 12:11
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Within minutes of news about his death in a Manhattan jail cell Saturday morning, theories spread with pestilential vigour. Was Jeffrey Epstein murdered? Accepting the premise without qualification, the next question followed: Who did it? MSNBC host Joe Scarborough was not giving anyone time to wonder. “A guy who had information that would have destroyed… The post Conspiracy, Death and Jeffrey Epstein appeared first on The AIM Network. |
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MacroBusiness
Monday, August 12, 2019 - 12:00
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Sydney boss, Ryan Graham, claims that lazy young Aussies are turning down tradie jobs paying up to $884,000 a year, forcing him to employ migrant workers: Young Aussies are turning their backs on jobs with salaries of up to $17,000 a week because they’re too lazy to put in the hard yards. That’s according to The post Boss: Lazy young Aussies turning down $884,000 tradie jobs appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
Renew Economy
Monday, August 12, 2019 - 12:00
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MacroBusiness
Monday, August 12, 2019 - 11:45
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When I and other graduates arrived at the Australian Treasury in 2003, we were inducted by Secretary Ken Henry and his deputy secretaries who drilled into us the Treasury’s rich history of giving “frank and fearless” advice to the federal government, based upon rigour and evidence. We were told to examine issues rationally with a The post The slow painful death of the Australian Treasury appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
MacroBusiness
Monday, August 12, 2019 - 11:30
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The Australian’s Judith Sloan has taken direct aim at Australia’s federation, arguing that states and territories have become increasingly reliant on the federal government for funds, while the federal government in turn is getting involved in areas that have been traditionally been the domain of the states and territories. Researchers have suggested that Australia’s GDP The post Australia’s federation is failing appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
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Renew Economy
Monday, August 12, 2019 - 11:29
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Renew Economy
Monday, August 12, 2019 - 11:28
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MacroBusiness
Monday, August 12, 2019 - 11:15
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The Grattan Institute has released a new report, entitled Risks and rewards: when is vocational education a good alternative to higher education?, which recommends that male students with lower school results would be better off doing vocational education and training (VET) rather than going to university: Vocational diplomas in construction, engineering, and commerce typically lead The post Grattan: Young Aussie men should ditch university for VET appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
Renew Economy
Monday, August 12, 2019 - 11:08
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MacroBusiness
Monday, August 12, 2019 - 11:00
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Via Strategic Macro: Normally in a risk off the USD, TSYs would rally and equities and the Euro would fall. The Yen usually rallies due to capital being repatriated. But we have seen in early August that the Euro has rallied on risk off. That can only be flow and position unwind driven. So which The post Is EUR the new safe haven play? appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
MacroBusiness
Monday, August 12, 2019 - 10:45
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Hoocoodanode? Via Domain: A broadly anticipated ‘sugar hit’ has failed to combat bitter trading conditions for Australian retailers, which could spell bad news ahead of full-year results later this month. But for cult-favourite ice-cream seller Messina, the only sugar hits in sight are the ones it’s serving up to customers. “It’s made no difference to The post Retail declares Recessionberg tax cut stimulus a dud appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
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MacroBusiness
Monday, August 12, 2019 - 10:30
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Some brouhaha around this in Denmark: Jyske Realkredit is ready with a fixed-rate mortgage with a nominal interest rate of minus 0.5%. Yes, you read right. You can now get a fixed-rate mortgage with a maturity of up to 10 years, where the nominal interest rate is negative. However, you are not exactly going to make money The post It’s not a negative rate mortgage, it’s an Orwellian mortgage appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
MacroBusiness
Monday, August 12, 2019 - 10:15
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In Friday’s testimony to the House of Representatives Standing Committee on Economics, Reserve Bank of Australia (RBA) governor, Phil Lowe, explicitly blamed mass immigration for fuelling the strong house price inflation experienced over the past decade: Chair: Since its peak in 2011, the cash rate has fallen from 4¾ per cent to 1½ per cent… The post RBA boss: Strong immigration fueled Australia’s property bubble appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
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The Tally Room
Monday, August 12, 2019 - 10:00
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It may have taken about 500 days to be published, but the Electoral Commission of South Australia finally published the complete statistics report for the 2018 state election two weeks ago, on July 31. This report was the first place to include the upper house vote count broken down by seat and by polling place. |
MacroBusiness
Monday, August 12, 2019 - 10:00
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Via the IEA Friday night: While geopolitical tensions in the Middle East Gulf remain high, with US sanctions recently extended to more Iranian officials and a Chinese oil importer, as well as another tanker seizure, oil prices (Brent) have eased back from the most recent high of $67/bbl. Shipping operations are at normal levels, albeit The post And now for an oil crash appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
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xkcd.com
Monday, August 12, 2019 - 10:00
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MacroBusiness
Monday, August 12, 2019 - 09:45
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Could it be that hubris has overcome the ScoMo Government already? Via the AFR: The briefing, for MPs who entered Parliament in 2016 and 2019, was held when Parliament sat the week before last and was organised by Liberal MPs Tim Wilson, Jason Falinski and Andrew Bragg. It was designed to inform MPs from the The post Is ScoMo this stupid? IR changes will crush wages appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
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Renew Economy
Monday, August 12, 2019 - 09:34
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Renew Economy
Monday, August 12, 2019 - 09:34
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MacroBusiness
Monday, August 12, 2019 - 09:30
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Via Domain: Subway has said it could terminate franchisees that do not pay staff properly after it emerged the US sandwich giant is under investigation by the Fair Work Ombudsman over underpayment of local employees. The troubled franchise is under pressure after an investigation by The Age and Sydney Morning Herald revealed it is closing The post Subway joins the wage thieves appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
MacroBusiness
Monday, August 12, 2019 - 09:15
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Via Zero Hedge: Step aside Baoshang Bank and Bank of Jinzhou, it’s time for Chinese bank bailout #3. Last month, when reporting on the imminent failure of yet another Chinese bank in the inglorious aftermath of Baoshang Bank’s late May state takeover, we dusted off a list of deeply troubled Chinese financial institutions that had delayed their 2018 annual reports… The post China’s Minsky moment intensifies appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
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MacroBusiness
Monday, August 12, 2019 - 09:00
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Bloomberg has texture: “Some large trading firms are dumping holdings at low prices, and there is no sign of prices bottoming out,” Shanghai Cifco says in note. Steel mills in China are “remaining on the sidelines” on expectations for more declines, it said. More from Reuters: Rebar oversupply has been getting worse since mid-June, Zhuo The post Daily iron ore price update (the perfect storm) appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
MacroBusiness
Monday, August 12, 2019 - 09:00
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By Chris Becker Friday night saw the return of the short sellers and the end of what looked like a sustainable bounceback in equity markets. Wall Street closed sharply lower as the prospect of more fracas from the US-China trade war emerged, as the PBOC continues to wipe out the Yuan while Trump targets the Fed The post Macro Morning appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
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John Quiggin
Monday, August 12, 2019 - 06:21
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Another Monday Message Board. Post comments on any topic. Civil discussion and no coarse language please. Side discussions and idees fixes to the sandpits, please. If you would like to receive my (hopefully) regular email news, please sign up using the following link http://eepurl.com/dAv6sX You can also follow me on Twitter @JohnQuiggin, at my Facebook public page and at my Economics in Two Lessons page |
MacroBusiness
Monday, August 12, 2019 - 00:20
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As usual, Australia’s second rate band of oligarchic intellects has little idea of what’s going on and even less about what to do about it. Paul Kelly is the exemplar though I could have pointed out one hundred other articles: The global pillars that have sustained Australia’s security and living standards for decades are now The post Chinese decline is the best thing ever for Australia appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
Bango Wind Farm near Yass will use some of the largest wind turbines deployed in Australia, as developer CWP land finance for project.
New analysis finds shift to EVs and driverless autonomous vehicles could boost Australia's GDP by up to $92bn by 2050, by boosting productivity and cutting insurance costs. 
Alinta sees a quick pay-back for its ground-breaking grid-scale battery at Newman, where it is backing up the gas generators, saving fuel costs and lifting reliability.
Alinta CEO Jeff Dimery on record profits, record low prices for wind energy, the economics of battery storage and the early exit of coal generators.