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En Passant Sunday, December 9, 2018 - 23:34 Source

From John Mullen in Paris 9 December 2018

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The Australian Independent Media Network Sunday, December 9, 2018 - 23:30 Source

“Politics is not a reality television show,” scowls ScoMo, in a cameo piece to camera, Thursday, in the “most hysterical presser in our nation’s political history” according to Shadow Attorney-General, Mark Dreyfus. Labor doesn’t help with its smart-arse stunt news conference late Thursday proposing to support the Coalition’s botched and dodgy encryption legislation unamended given…

The post Our politics is not reality TV? appeared first on The AIM Network.

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Poll Bludger Sunday, December 9, 2018 - 22:08 Source

No Christmas cheer for the Coalition from the final Newspoll for 2018.

The post Newspoll: 55-45 to Labor appeared first on The Poll Bludger.

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The Australian Independent Media Network Sunday, December 9, 2018 - 16:25 Source

By Stephen Fitzgerald The rich get richer and the poor get poorer! With record corporate profits as wages stagnate and living standards for workers plummet this saying is starting to ring true. This is not just happening in France but, across the entire western world where right-wing political bodies govern on behalf of the financial…

The post The people have spoken appeared first on The AIM Network.

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The Australian Independent Media Network Sunday, December 9, 2018 - 13:24 Source

“Trades-unions, composed of the workmen in the different trades, were recognized in the time of the (first Roman) monarchy, and no effort was ever made to dissolve them, until they began to exert a political influence.” (R. W. Husband; Legislation against Political Clubs during the Republic). By the time of the return to Roman Imperial governance with Julius…

The post The Tradesman’s Return appeared first on The AIM Network.

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The Tally Room Sunday, December 9, 2018 - 09:00 Source

In the final episode of the Tally Room for 2018, I’m joined by Kevin Bonham to discuss the close races in the Victorian state election, and to run through all eight Legislative Council contests just days out from the pushing of the button in each region.

You can follow Kevin’s live blog of the Legislative Council count.

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Your Democracy Saturday, December 8, 2018 - 23:13 Source

vitchek

How I became a revolutionary and internationalist: André Vltchek. 

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Harrangue Man Saturday, December 8, 2018 - 22:00 Source

I was speeding along a sloped straight bit on my trike when I was overtaken on the left by my mudguard as it snapped off and shot over my shoulder. It nearly hit me. I don't know why my trike decided my mudguard would snap off then try to kill me but it did and it failed. I don't use it in the mud so the lack of a mudguard isn't too irksome.

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The Australian Independent Media Network Saturday, December 8, 2018 - 10:59 Source

When the crossbench moved to end the shameful practice of holding innocent people hostage in the pretence that this is a valid way to keep our borders secure, Scott Morrison went ballistic. “I will do everything in my power to ensure that these suggested changes … never see the light of day,” Mr Morrison said.…

The post The people are getting uppity and Scott doesn’t like it appeared first on The AIM Network.

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The Australian Independent Media Network Saturday, December 8, 2018 - 07:36 Source

Now, I don’t like to say, “I told you so!” I just like to be so right against all odds that I don’t have to say anything beyond: Now, I don’t like to say, “I told you so!” However, when I told you that Scott Morrison was going to skate through the gap created by Dutton…

The post Why Tony Abbott Wants The Liberals To Lose… appeared first on The AIM Network.

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MacroBusiness Friday, December 7, 2018 - 23:30 Source

Global Macro / Markets / Investing: Investors withdraw billions from US equity funds – FT Wild market swings hinge on a different kind of leverage – FT Greenhouse Gas Emissions Accelerate Like a ‘Speeding Freight Train’ in 2018 – NY Times The moral assumptions embedded in economic models of climate change – The Economist Deutsche

The post Weekend Reading 8-9 December 2018 appeared first on MacroBusiness.

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Harrangue Man Friday, December 7, 2018 - 19:12 Source

I cannot bend without afearing my legs will snap off. But I can lift my foot up whilst free balancing on the other.So I use my toes as fingers to grab an object then lift it to finger height. I don't have terrific feet either but my toes don't tremble like the fingers so if I drop something the toes get it and hand it back to the fingers.I dropped seven pieces of clothing, mostly socks, whilst putting away dried laundry. And it was simpler to use my toes and lift than reach for the grabber to grab.Toes; useful for when your fingers fumble.This has been "Fun with PTSD and the lower extremities."

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The Australian Independent Media Network Friday, December 7, 2018 - 17:22 Source

By Henry Johnston  Earlier this week my neighbour asked, “Is America a democracy?” I replied, “America is a republic which aspires to democracy via its Constitution and Bill of Rights.” We continued our discussion from the perspective of white and non-white U.S. citizens, but our conversation eventually ended in stalemate. We agreed Shakespeare’s line, now…

The post Deflating democracy appeared first on The AIM Network.

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John Quiggin Friday, December 7, 2018 - 17:19 Source

The market price of Bitcoin and other cryptocurrencies is plummeting, having dropped by 10 per cent just today, and 50 per cent over the past month. The bubble that reached maximum expansion a year ago is gradually deflating.

The good news is that a lower Bitcoin price makes the energy-wasting process of Bitcoin mining unprofitable for many, so lots of miners are turning off their servers.  Most estimates of the marginal cost of mining are around $4500 per coin, but the market price has just fallen to $3500.

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MacroBusiness Friday, December 7, 2018 - 17:00 Source

It’s been a relatively good finish to the trading week here in Asia despite epic overseas volatility with stock markets putting scratch sessions or slightly higher closes. The currency and bond markets are poised for tonight’s US unemployment print, the result of which hinges on the Fed’s next interest rate move. The Shanghai Composite has escaped

The post Macro Afternoon appeared first on MacroBusiness.

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John Quiggin Friday, December 7, 2018 - 16:49 Source

This story about the four-hour abalone fishing season in WA is reminiscent of a number of similar cases discussed in my soon-to-be-published book, Economics in Two Lessons (extract over the fold). However, it turns out to be something of a special case: a recreational fishery where economising on effort isn’t really relevant, and where the activity is culturally significant, mainly for people of Asian background.

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MacroBusiness Friday, December 7, 2018 - 15:00 Source

I still have a third hypothetical bet open with Bill Evans that the next move in rates is down (having won the first two, not that he knows about it). I reckon the RBA will be cutting by June 2019. It would be earlier if not for the elections.

The post Bill Evans: RBA to drop tightening bias, stay on hold appeared first on MacroBusiness.

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MacroBusiness Friday, December 7, 2018 - 14:30 Source

There’s a locust plague at News: Buyer’s agent Nick Viner believes now is the time to buy in Sydney and Melbourne, with many discounted premium properties available with minimal competition. “This environment is the absolute perfect time to buy because you’ve got more time to consider your options and there’s more choice in terms of

The post Property locusts swarm FHBs towards falling knife! appeared first on MacroBusiness.

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Renew Economy Friday, December 7, 2018 - 14:15 Source

A state-by-state breakdown of the two million homes and businesses that now have rooftop solar.

The post Graph of the Day: Breakdown of Australia’s two million solar homes appeared first on RenewEconomy.

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Renew Economy Friday, December 7, 2018 - 14:05 Source

Gluttony and stupidity. The response from government and incumbents to the role of Tesla big battery has verged on distortion and stupidity. Here are a few facts, and graphs, to correct the record.

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MacroBusiness Friday, December 7, 2018 - 14:00 Source

From our Chris today: To APRA’s immense credit, it has managed to pull off a minor miracle: bursting the bubble during the boom. Debelle has previously noted that there was no evidence of a wealth effect, or positive feedback loop into consumption, during the upswing when Melbourne and Sydney house prices surged 50 per cent

The post Joye: Housing bust a miracle appeared first on MacroBusiness.

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MacroBusiness Friday, December 7, 2018 - 13:30 Source

Via Argues: Brazil’s Samarco mine is likely to restart in early 2020, bringing a major source of high-grade iron ore back into the market, mining company Vale’s chief executive Fabio Schvartsman said today. “The worst part seems to be behind us,” Schvartsman said of the process to bring Samarco back on line after a fatal

The post Samarco restart in 2020 appeared first on MacroBusiness.

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MacroBusiness Friday, December 7, 2018 - 13:00 Source

New lows for the great ponzi scam: Doomed! For more try our podcast this week Erik Tonwsend, crypo doyen:

The post Bitcoin free falls to all new bust lows appeared first on MacroBusiness.

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Renew Economy Friday, December 7, 2018 - 12:52 Source

Engie has signed a 50-year strategic alliance with Queensland’s Springfield City Group to make the city a net-zero energy city.

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Renew Economy Friday, December 7, 2018 - 12:52 Source

Engie has signed a 50-year strategic alliance with Queensland’s Springfield City Group to make the city a net-zero energy city.

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Renew Economy Friday, December 7, 2018 - 12:48 Source

Sonnen and Tiko combine to use household batteries to provide primary balancing power for German network, meaning consumers can perform the tasks of big conventional power plants.

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MacroBusiness Friday, December 7, 2018 - 12:45 Source

Via the AFR: As Sydney and Melbourne house prices continue to fall, Mr Shorten signalled that an originally planned July 1, 2019 start date could be deferred until 2020. He said Labor remained committed to its three-year policy of reforming negative gearing to make the system fairer for first-home buyers against investors who now receive

The post Shorten again endorses negative gearing reform appeared first on MacroBusiness.

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Renew Economy Friday, December 7, 2018 - 12:41 Source

Hyundai has made every effort to make its Ioniq electric vehicle range look normal or average. The driving experience is anything but.

The post Test Drive: Hyundai Ioniq and the “new normal” in electric cars appeared first on RenewEconomy.

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MacroBusiness Friday, December 7, 2018 - 12:30 Source

AUD is still struggling through the morning: Bonds are paring gains but yields are now trending down nicely. More to come: ASX is hanging on at the cliff’s edge: Dalian has opened with a minor bid: Big Iron likewise: Big Gas is hopeful of an OPEC rescue. I am not: Big Gold has a Fed

The post Bull trap banks pick up yield bid appeared first on MacroBusiness.

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MacroBusiness Friday, December 7, 2018 - 12:15 Source

By Leith van Onselen The latest Roy Morgan Research (RMR) unemployment estimate for October remained unchanged at 9.4% but fell 0.3% over the year: Below are the key points from the release: Australian unemployment is 9.5% (down 0.3%) and under-employment is 7.7% (down 0.7%) are both down on a year ago driving a 1% fall

The post Roy Morgan unemployment 9.5% in November appeared first on MacroBusiness.

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