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Oz Blog News Commentary
The Australian Independent Media Network Thursday, March 14, 2019 - 22:40 Source

The more politicians lie to us, the more they think advertising replaces substantive debate, the more they rely on talking points than considered informed opinion, the more they use their position to reward their mates, the less relevant they become. Scott Morrison can say until he is blue in the face that we will meet…

The post Politicians are making themselves irrelevant appeared first on The AIM Network.

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En Passant Thursday, March 14, 2019 - 21:02 Source

Dear Readers, this is a copy of the letter I sent to the A.C.T Human Rights Commission about Facebook censoring me and one of my posts.

To: The Human Rights Commission

Dear Dr Watchirs and
staff

On Monday 11 March
2019 Facebook advised me, and I quote:

‘You’re temporarily
restricted from joining and posting to groups that you do not manage until
Wednesday at 10:03 AM. If you think this doesn’t go against our Community
Standards let us know.’

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Club Troppo Thursday, March 14, 2019 - 18:48 Source

Empty Planet: The Shock of Global Population Decline could upend our thinking about our future of planet Earth with far reaching implications for policy on climate change, immigration and border control, defence, education, child care, and jobs, to name just a few.

In the face of Hollywood’s habitual dystopianism we have become inculcated with familiar mantras: we are facing a global population crisis, humans are a plague on the planet, we are poisoning the Earth and so on.

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The Australian Independent Media Network Thursday, March 14, 2019 - 17:47 Source

Lobbies, powerful interests and financial matters are usually the first things that come to mind when the aircraft industry is considered. Safety, while deemed of foremost importance, is a superficial formality, sometimes observed in the breach. To see the camera footage of the wreckage from the Ethiopian Airlines Boeing 737 Max 8 was to be…

The post Lobbies and Belated Groundings: Boeing’s 737 Max 8 appeared first on The AIM Network.

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MacroBusiness Thursday, March 14, 2019 - 16:40 Source

It was a mixed repsonse to the trifecta of Chinese internal economic data, slightly overshadowed by the Japanese government looking to downgrade its growth forecasts, which sent Yen falling against USD. The Yuan fell too on the lower PBOC fix, while Pound Sterling continued its no deal Brexit reaction and sold off throughout the usually

The post Macro Afternoon appeared first on MacroBusiness.

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The Tally Room Thursday, March 14, 2019 - 15:30 Source

The ACT is currently redrawing its electoral boundaries for the local Legislative Assembly, and as previously discussed there are not a lot of options for how the boundaries can be drawn.

The first round of submissions have now closed, with ten individuals and five organisations making submissions. The Liberal Party and Labor Party each made submissions.

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Renew Economy Thursday, March 14, 2019 - 15:25 Source

Endeavour Energy has joined an innovative trial of new ways to monitor and control its network to keep downward pressure on electricity prices and smooth the transition to a cleaner energy future.

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Renew Economy Thursday, March 14, 2019 - 15:20 Source

Developers and contractors want more clarity, and fewer last minute changes, to connections for wind and solar projects.

The post Who should hold “hot potato” of connection costs for wind and solar farms? appeared first on RenewEconomy.

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Renew Economy Thursday, March 14, 2019 - 15:08 Source

Federal resources minister upgrades W.A. EPA carbon guidelines from "homemade sledgehammer" to “brain explosion.” Macquarie analyst says it's a "solid compromise" for LNG companies.

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Renew Economy Thursday, March 14, 2019 - 14:48 Source

The Clean Energy Regulator has today issued the first Australian carbon credit units (ACCUs) to a soil carbon project under the Emissions Reduction Fund.

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Renew Economy Thursday, March 14, 2019 - 14:38 Source

poles and wiresHorizon Power’s Mark Paterson explains why replacing poles and wires with solar and batteries is a great idea.

The post Energy Insiders Podcast: Why pulling down poles and wires is a good idea appeared first on RenewEconomy.

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MacroBusiness Thursday, March 14, 2019 - 14:16 Source

China dumped its Jan/Feb growth data this afternoon. It is staggering. The headline numbers were pretty hum drum with with fixed asset investment at 6.1%, industrial production at 5.3% and retail sales at 8.2%: Under the bonnet, the all important real estate sector remains a mixed bag with sales still down 3.6% year on year

The post Chinese building is insane appeared first on MacroBusiness.

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Renew Economy Thursday, March 14, 2019 - 14:11 Source

New Mexico approves bill which would see the state secure 100% of its electricity from zero-carbon resources by 2045, joining a host of other US states.

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MacroBusiness Thursday, March 14, 2019 - 14:00 Source

By Leith van Onselen Australia’s mass immigration program might be a dream come true for developers, since it provides an endless flood of new residents and pressure for development: However, it is a nightmare for the working class, as evident by the surge in rental stress and homelessness across migrant-stuffed Western Sydney: Western Sydney has

The post Mass immigration drives huge shortage of public housing appeared first on MacroBusiness.

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Renew Economy Thursday, March 14, 2019 - 14:00 Source

Shell intends to be biggest power company in the world in little more than a decade, as everything goes electric, including transport and heating, and electricity goes green.

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Ambit Gambit Thursday, March 14, 2019 - 13:55 Source

Fascinated by the collision of unions, students and ideology. Tomorrow, on the Ides of March, we have a world wide withdrawal of attention by school children, who will protest against Climate Change. This is supported by the Australian Education Union. At the same time Sally McManus, Secretary of the ACTU, is campaigning for an increase […]

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MacroBusiness Thursday, March 14, 2019 - 13:30 Source

By Leith van Onselen The Australian Tax Office (ATO) commissioner, Chris Jordan, has sounded its annual warning shot at rorting landlords, claiming that 9 out of ten tax claims are wrong. From The AFR: Mr Jordan also revealed new plans to crack down on deductions from the growing rental property market, with almost nine in

The post Will nobody think of the specufestors? ATO targets 90% of landlord tax returns appeared first on MacroBusiness.

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THE BLOT REPORT Thursday, March 14, 2019 - 13:13 Source

Sleeping Giants Oz is, in essence, a loose group of Twitter activists which labels itself as “a community initiative to make racism, bigotry and misogyny less profitable”1. As a consequence of that, much of their activity is directed at the Murdoch media, which brings out the dog-whistle regularly. This is especially true of Sky News, particularly the fruitcakes on Sky After Dark. The way they do this is to watch the various after dark shows, listing the advertisers and posting that list on Twitter.

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MacroBusiness Thursday, March 14, 2019 - 13:00 Source

By Leith van Onselen The Teranet-National Bank House Price Index for February has been released, which shows that Canadian house prices fell 0.4% in February with annual growth falling to 1.9%: Across the three major markets, values fell by 0.7% in Vancouver in February and by 0.2% in Toronto, whereas values rose by 0.4% in

The post Chinese exodus sucks down Vancouver housing appeared first on MacroBusiness.

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MacroBusiness Thursday, March 14, 2019 - 12:15 Source

The AUD has not been able to hold its overnight gains: Bonds continue to rip towards  2016 yield lows: Worryingly, XJO is no longer trailing a rising equity premium: Big Iron is up: Big Gas too: And Big Gold: But Big Banks are down: As is Big Realty: The driver is more bearish commentary from UBS:

The post Aussie dollar hit, bonds rip, on emergency rate cuts appeared first on MacroBusiness.

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MacroBusiness Thursday, March 14, 2019 - 12:00 Source

By Leith van Onselen Last weekend, CoreLogic released its preliminary auction clearance rates, which revealed the following results: Today, CoreLogic has released its final auction results, which reported a 4.4% decline in the final national auction clearance rate to 47.8% – well below last week’s 50.4%: As you can see, Sydney’s auction clearance rate fell by

The post Final auction clearance rate deep dives into 40s appeared first on MacroBusiness.

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MacroBusiness Thursday, March 14, 2019 - 11:30 Source

Get a load of this data dump from Martin North on household attitudes to property: We have released the latest edition of our household surveys, looking specifically their attitude to property transactions and expectations. And overall demand, and intention to transact have tanked. More evidence of a weaker market ahead. Intention to transact continues to

The post Australian household property sentiment is a bloodbath appeared first on MacroBusiness.

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MacroBusiness Thursday, March 14, 2019 - 11:15 Source

Via S&P: Arrears on the mortgages underlying Australian residential mortgage-backed securities (RMBS) have increased year on year, while prepayment rates have slowed, according to S&P Global Ratings’ latest edition of “RMBS Performance Watch: Australia.” In particular, arrears that are in an advanced stage (more than 90 plus days) reached a record high of 0.75% in

The post S&P: Mortgage arrears to remain elevated appeared first on MacroBusiness.

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MacroBusiness Thursday, March 14, 2019 - 11:00 Source

We always love the work of Freelance CEO Matt Barrie not least because he often uses MB charts: Australia’s property market enjoyed a golden run for years on end — but according to one Aussie CEO, those days are now gone for good. He said the combination of our weakened housing market coupled with global market

The post CEO super bear: Australia’s financial crisis is here appeared first on MacroBusiness.

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MacroBusiness Thursday, March 14, 2019 - 10:45 Source

Via Bloomie comes Mohamed A. El-Erian on MMT: The current window for the MMT debate has been opened by the protracted period of reliance on unconventional central bank policies that has followed the global financial crisis and the European debt crisis. Despite the initial concerns expressed by some economists, this period of ultra-low interest rates and ballooning

The post El-Erian nails MMT appeared first on MacroBusiness.

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MacroBusiness Thursday, March 14, 2019 - 10:30 Source

By Leith van Onselen Restaurant & Catering Australia CEO, Juliana Payne, has demanded no increase in the minimum wage in 2019 due to the above-inflation increases of recent years. From The Australian: Restaurant and cafe owners have called for a minimum wage freeze, declaring that the Fair Work Commission should ­impose a real wage cut

The post Restaurant visa rorters demand minimum wage freeze appeared first on MacroBusiness.

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MacroBusiness Thursday, March 14, 2019 - 10:15 Source

By Leith van Onselen While The Economist’s fraudulent ‘Most Livable City’ index ranks Melbourne the second most liveable city in the world, the 2019 Mercer Quality of Living Index has been released, which has Melbourne sliding to 17th place and no Australian city ranked in the top-10: The rankings of Australia’s capitals are as follows (Hobart and

The post No Aussie city ranked in top-10 for liveability appeared first on MacroBusiness.

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MacroBusiness Thursday, March 14, 2019 - 10:03 Source

By Chris Becker  Despite the ongoing clusterf$%k that is Brexit, risk markets are all looking up with oil making a new weekly high while US stocks pushed to a four month high as the USD weakness continues to provide support. Pound Sterling went nuts again, this time on the UK Parliaments rejection of the no-deal

The post Macro Morning appeared first on MacroBusiness.

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MacroBusiness Thursday, March 14, 2019 - 10:00 Source

By Leith van Onselen The latest Roy Morgan Research (RMR) unemployment estimate for February rose 0.4% to 9.6%, but was down 0.1% over the year: Below are the key points from the release: The workforce, which comprises employed Australians and those who are unemployed and looking for work, is now 13,466,000, down 72,000 on a

The post Roy Morgan: Unemployment lifts as jobs growth stalls appeared first on MacroBusiness.

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MacroBusiness Thursday, March 14, 2019 - 09:45 Source

Let’s kick off with David Scutt at BI: The responses in the latest [consumer sentiment] survey indicate that Australians are now more risk averse when it comes to their investment decisions — or scared — than what they were during the height of the GFC. That’s fairly remarkable given Australia just notched up its 28th

The post Should we use fiscal or monetary easing in the looming balance sheet recession? appeared first on MacroBusiness.

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