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The Australian Independent Media Network Monday, February 19, 2018 - 20:00 Source

By Samad Abdul That’s such a moment of blessing when you are with your best friend but that’s such a horrible moment when friends get separated forever. Being detained without any guilt in Manus prison camp where each day is equal to a month, every month is equal to a year and each year is equal…

The post My best friend appeared first on The AIM Network.

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Your Democracy Monday, February 19, 2018 - 19:38 Source
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John Quiggin Monday, February 19, 2018 - 17:45 Source

Thanks to everyone who commented on the draft introduction to my book, Economics in Two Lessons. The revised introduction is here. Feel free to make further comments on it if you wish.

Moving along, here’s the draft of Chapter 1. Again, I welcome comments, criticism and encouragement.

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The Australian Independent Media Network Monday, February 19, 2018 - 17:15 Source

By Ad astra Once upon a time there was a boy christened Malcolm Bligh Turnbull. Bligh is a name the family uses in honour of Governor Bligh, of ‘Mutiny on the Bounty’ infamy, the fourth governor of NSW. Greatly admired by the family, this moniker evokes the aura of a distinguished person. Born in 1954,…

The post Turnbull’s metamorphosis appeared first on The AIM Network.

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MacroBusiness Monday, February 19, 2018 - 16:45 Source

A flat start to the week in currencyland but stocks are poised to build on their recovery gains from last week, even in the absence of trading in China due to the NY celebrations and Wall Street tonight due to President’s Day. Japanese stocks performed the best despite a stronger Yen, while gold and oil

The post Macro Afternoon appeared first on MacroBusiness.

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Inside Story Monday, February 19, 2018 - 16:37 Source

“Ah, the old questions, the old answers, there’s nothing like them!” As he waits in his isolation tower for mortality to do its work, Samuel Beckett’s Hamm retains an addiction to narrative. The aged always love stories of the past, and this is true of generations as well as individuals. With the baby boom moving into retirement, the market for stories of the sixties and seventies — seen through the lens of nostalgia as a time of freedom, new energies and large vision — is growing.

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MacroBusiness Monday, February 19, 2018 - 15:30 Source

By Martin North, cross-posted from the Digital Finance Analytics Blog: Last Wednesday, the Australian Prudential Regulation Authority (APRA) proposed key revisions to its capital framework for authorized deposit taking institutions (ADIs). The revisions cover the calculation of credit, market and operational risks. These proposed changes are credit positive for Australian ADIs because they will improve

The post Moody’s: APRA’s bank capital reforms credit-rating positive for banks appeared first on MacroBusiness.

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Poll Bludger Monday, February 19, 2018 - 15:28 Source

A neck-and-neck result in a key Adelaide marginal, and a somewhat disappointing result for SA Best in one of their main Liberal-held targets.

The post YouGov Galaxy: 50-50 in Lee, 52-48 to Liberal over SA Best in Morialta appeared first on The Poll Bludger.

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Renew Economy Monday, February 19, 2018 - 15:03 Source

Analysts say Telstra may spend $20 billion to enter Australia's energy markets as it looks to boost earnings and take on the incumbent utilities. Some smaller retailers have shown the path forward.

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Renew Economy Monday, February 19, 2018 - 14:58 Source

Infigen Energy to shift focus to "C&I gen-tailer," as more Australian businesses seek to control their energy costs.

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Renew Economy Monday, February 19, 2018 - 14:54 Source

NEG still looks like a poorly thought out policy; rooftop solar delivers for Queensland; and Infigen's nosebleed debt financing fee.

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Renew Economy Monday, February 19, 2018 - 14:46 Source

Greens senator Janet Rice says Turnbull government's lack of policy and ambition on electric vehicle uptake is seeing Australia get left behind.

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Renew Economy Monday, February 19, 2018 - 14:46 Source

Greens senator Janet Rice says Turnbull government's lack of policy and ambition on electric vehicle uptake is seeing Australia get left behind.

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MacroBusiness Monday, February 19, 2018 - 14:43 Source

By Leith van Onselen Let’s take a walk down memory lane. It’s June 2015, and Treasurer Joe Hockey is furious that a wealthy neighbour of his in Hunters Hill Sydney had sold his heritage listed home to a Chinese buyer, even referring the matter to the Foreign Investment Review Board. Here’s Hockey speaking on 3AW

The post Hypocrite Hockey markets $8 million mansion to Chinese buyers appeared first on MacroBusiness.

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MacroBusiness Monday, February 19, 2018 - 14:15 Source

By Leith van Onselen Statistics New Zealand has released new data showing that the nation’s fertility rate has hit an all-time low: The total fertility rate summarises the age-specific fertility rates into a single-number indicator of fertility. It indicates, on average, the number of babies a woman would have in her lifetime if the age-specific

The post New Zealand fertility rate falls to record low appeared first on MacroBusiness.

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The Australian Independent Media Network Monday, February 19, 2018 - 14:00 Source

Part Ten of a history of European occupation, rule, and brutal imperialism of Indigenous Australia, by Dr George Venturini.  There could be no better way to express the firm view that for the last 229 years the Indigenous Peoples and Australians – meaning by that all those who began to arrive with Captain Phillip in…

The post A belated ‘Recognition’ and a ‘new policy’ (Part 2) appeared first on The AIM Network.

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Renew Economy Monday, February 19, 2018 - 13:47 Source

As the share of U.S. electricity generated from coal plants continues its steady decline, the question remains as to what will ultimately replace this resource in meeting U.S. electricity demand.

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The Australian Independent Media Network Monday, February 19, 2018 - 13:42 Source

By Andrew Chambers Dear Barney, You have my sympathy. An ordinary bloke should be able to navigate the complexities of the heart and the trousers in privacy and with respect, for this is one man’s business, one man’s life to lead as he sees fit. But Barney, you’re no ordinary bloke. You’re the Deputy Prime…

The post The consequences of a job not done appeared first on The AIM Network.

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Inside Story Monday, February 19, 2018 - 13:38 Source

Bright and early last Wednesday morning the ABC published two articles by its chief economics correspondent Emma Alberici. Each of them strongly criticised the Turnbull government’s corporate tax cut, which faces a less than enthusiastic Senate. Both articles enjoyed roaring circulation on the internet via social media; both were leapt on by the Labor opposition during question time.

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Drag0nista's Blog Monday, February 19, 2018 - 13:33 Source

Yesterday I was commissioned by the Sydney Morning Herald to write an opinion piece on the PM’s bonk ban – in it I argue the new requirement reflects modern workplace standards and the community’s expectations. Don’t forget you can receive analysis like this on a daily basis during parliamentary sitting weeks by signing up to become one […]

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MacroBusiness Monday, February 19, 2018 - 13:25 Source

By Leith van Onselen Business Council of Australia (BCA) boss, Jennifer Westacott, has decried the “ideological hatred” and “business-bashing” supposedly griping the nation, and is preparing a new offensive to push the Turnbull Government’s company tax cuts through the Senate. From The Canberra Times: The nation’s peak business group is preparing a new offensive to

The post Business Council bawls at “business-bashing country” appeared first on MacroBusiness.

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MacroBusiness Monday, February 19, 2018 - 12:39 Source

By Leith van Onselen The Australian Bureau of Statistics (ABS) has released visitor arrivals and departures data for the month of December, which registered a welcome fall in net annual permanent and long-term arrivals. In the year to December 2017, there were 778,220 permanent and long-term arrivals into Australia – up 7% from December 2016.

The post A much needed reprieve in long-term migrant arrivals appeared first on MacroBusiness.

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MacroBusiness Monday, February 19, 2018 - 11:45 Source

By Leith van Onselen Over the past few years, Australian Competition and Consumer Commission (ACCC) head, Rod Sims, has issued a spate of warnings about, and voiced opposition to asset privatisations. One of Sims’ key concerns is that consumers are being gouged as the new monopoly or oligopoly owners raise prices and extract rents from

The post Privatised airport monopolists to face regulatory review appeared first on MacroBusiness.

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Harrangue Man Monday, February 19, 2018 - 11:33 Source

My new doc noticed the raised scar tissue on my left leg and said it was big and angry enough to not risk it and so off it went.The local injection was the hardest part—it was a prolonged "OWOWOWOWOWOWOW" reaction from me as the needle did its business. But then the lump was excised and evidence bagged for cancer, I was stitched up and off I went.It means no riding an exercise bike for at least a week and wearing a plastic bag—he recommended Woolies—taped below my knee in the shower to keep the site dry.

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Renew Economy Monday, February 19, 2018 - 11:27 Source

Australia's first large scale solar and big battery storage installation - the Lakeland project near Cooktown in far north Queensland - officially connected to the grid.

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Renew Economy Monday, February 19, 2018 - 11:25 Source

Premiers and senior Ministers in two of the six states in the National Electricity Market are now actively campaigning against market outcomes.

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Renew Economy Monday, February 19, 2018 - 11:21 Source

Blackouts in Victoria illustrate how networks and regulators have failed to change their business models, and failed to keep up with technology.

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MacroBusiness Monday, February 19, 2018 - 11:15 Source

By Leith van Onselen While the real wages and salaries of Victorians continues to languish in the gutter: Victoria’s politicians have awarded themselves a big pay rise, with more to come. From the Herald-Sun: STATE politicians secretly pocketed a 5.3 per cent pay rise last year, worth more than $8400 to backbenchers and almost $19,000

The post Vic politicians grant themselves big pay rise while yours stagnates appeared first on MacroBusiness.

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MacroBusiness Monday, February 19, 2018 - 11:00 Source

After years of letting Australia whore itself with no consequence, it appears Australia’s strategic Great Power friend has woken up. Via the AFR: The Trump administration is closely analysing China’s alleged interference attempts in Australia’s democratic institutions as a case study to help calibrate Washington’s own push-back against perceived Beijing meddling in the United States.

The post US wakes in fright to a Chinese Australia appeared first on MacroBusiness.

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xkcd.com Monday, February 19, 2018 - 11:00 Source

CVE-2018-?????: It turns out Bruce Schneier is just two mischevious kids in a trenchcoat.

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