Blogotariat

Vai The Advisor: Twenty-six additional lenders have been appointed to the initial panel of the government’s First Home Loan Deposit Scheme, including major bank, Commonwealth Bank. The National Housing Finance and Investment Corporation (NHFIC) has announced its full panel of lenders taking part in the federal government’s First Home Loan Deposit Scheme (FHLDS). Following on

The post Deluge of lenders offer tax-payer backed sub-prime mortgages appeared first on MacroBusiness.

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By Grumpy Geezer   2019 is coming to a flaming close swathed in smoke and ash, a suitable allegory for this past year in politics and a harbinger of our future. While the east coast burns, homes and lives are destroyed, wildlife is exterminated and entire ecosystems are endangered across an area the size of the…

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Network owners were once seen as villains for over-charging on local networks, but they're pretty happy about building new links to capture wind and solar resources.

At the New Daily at least the Americans want to defend Australian freedom: The United States has suggested China is harassing members of the minority Uighur community in Australia. American ambassador to Australia Arthur Culvahouse said he was outraged by the levels of intimidation and argued there should be serious consequences. “What is happening, and

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Political rottenness may be bottomless.  Consider the following description of a political aspirant for the White House, this person being from the Democratic Party. His “liabilities as a political candidate are so glaringly obvious that it’s easy to dismiss his presidential bid as a vanity project.” The author goes on to describe what can only…

During the peak of the last housing cycle in 2017, MB coined the phrase “shrinkflation” to describe the peculiar situation whereby housing prices rise strongly alongside crashing sales volumes. Australia’s housing market is experiencing another round of shrinkflation with dwelling values surging at the same time as turnover remains anaemic. The latest evidence comes from

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Australian scientists say a new green hydrogen production technique could slash costs by avoiding the need for expensive metals.

Thunberg slams countries, like Australia, for using the COP25 climate talks to push for accounting loopholes instead of raising their climate ambition.

In the lead-up to the September 2017 general election, the New Zealand Labour Party launched a plan to reduce immigration by around a third in a bid to relieve chronic housing and infrastructure pressures (especially around Auckland): …in recent years our population has been growing rapidly as record numbers of migrants arrive here. This has

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It’s raining mid-year Budget Updates with Victoria’s also released today: The general government sector operating surplus is estimated to be $618 million in 2019-20, with annual operating surpluses averaging $3.3 billion a year across the forward estimates. Compared with the 2019-20 Budget, the net result from transactions has been revised down by an average of

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The Australian Bureau of Statistics (ABS) has released visitor arrivals and departures statistics for the month of October, which reveals that the number of permanent and long-term arrivals into Australia remains turbo-charged. In the year to October 2019, there were a record 844,240 permanent and long-term arrivals into Australia, up 2% from October 2018, and

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GetUp! Media Release One third of the largest corporations in Australia paid $0 tax in 2017-18, stunning new data released by the Australian Tax Office reveals. This year’s data revealed 710 tax avoiding corporations had a combined total revenue of $458,632,686,428, and taxable incomes of $10,617,889,645.00. They include: Woodside Petroleum: $0 tax on $6.3 billion…

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Ironically from by the AFR, kernel of evil for business parasitism, comes Productivity Commissioner Michael Brennan: Productivity Commissioner Michael Brennan says destructive rent seeking and a lack of entrepreneurship by business has stalled productivity and wage growth and that trying to fix the issue won’t be helped by reform nostalgia or economic pessimism. While business

The post How Kevin Rudd destroyed the Australian economy appeared first on MacroBusiness.

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