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Delimiter Tuesday, April 15, 2014 - 14:34 Source

The Commonwealth Bank's IT division has suffered something of a nightmare 24 hours, with a catastrophic internal IT outage taking down multiple systems and resulting in physical branches being offline, and the bank separately suffering public opprobrium stemming from contradictory statements it made with respect to potential vulnerabilities stemming from the Heartbleed OpenSSL bug.

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MacroBusiness Tuesday, April 15, 2014 - 14:14 Source

By Leith van Onselen Following its dubious effort on first home buyers last week, the Housing Industry Association (HIA) has today released a decent research report assessing the role of housing as a leading indicator of the broader non-mining economy, as well as reforms that could be undertaken in order to help the economy transition [...]

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MacroBusiness Tuesday, April 15, 2014 - 14:11 Source

A suite of big picture forecasts for the iron ore price have come out in recent days and are worth a review.Reuters kicks us off with a warning that the iron ore financing scam remains an imminent threat: Commodities such as copper and rubber have been commonly used for financing, where traders or investors borrow against [...]

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MacroBusiness Tuesday, April 15, 2014 - 14:11 Source

Reuters has a piece today that’s stirring up some MSM fuss in implying iron ore could still crash owing to credit limits: Commodities such as copper and rubber have been commonly used for financing, where traders or investors borrow against the commodity with the aim of investing the money in high-return areas such as real estate. [...]

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Drag0nista's Blog Tuesday, April 15, 2014 - 14:06 Source

Why Green is the new black. Weekly post at The Hoopla.Filed under: Politics Tagged: Greens, Scott Ludlam, Senate

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Delimiter Tuesday, April 15, 2014 - 13:23 Source

Ever received one of those giant telephone bills from Telstra with a massive amount of extra fees which you never expected? Spare a thought for the National Broadband Network Company. Industry newsletter Communications Day has gotten its hands on a report compiled by investment bank Goldman Sachs which, for the first time, fully projects the amount NBN Co could be paying Telstra over the next half-decade for access to infrastructure such as pits and pipes.

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MacroBusiness Tuesday, April 15, 2014 - 13:20 Source

Fresh from our Bill: The most significant change in the minutes of the April Board meeting is around a higher degree of concern about the Australian dollar. Whereas in the March minutes the Board noted that “the decline in the exchange rate seen to date would assist in achieving balanced growth in the economy” this [...]

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Tuesday, April 15, 2014 - 12:52 Source

Like most of the Coalition's Hockeynomics, the plan to slash old age pensions doesn't match the facts. More than a third of our elderly suffer in poverty, writes Ben Eltham

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Delimiter Tuesday, April 15, 2014 - 12:45 Source

The National Broadband Network Company has decided to take action into its own hands to deal with TPG's plans to deploy competitive broadband infrastructure in Australia's cities, revealing plans this morning to accelerate its own rollout to compete with TPG ahead of any expected decision on the issue by Communications Minister Malcolm Turnbull.

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MacroBusiness Tuesday, April 15, 2014 - 12:35 Source

By Leith van Onselen The AFR’s Lucy Kellaway has written an interesting article today calling for the re-introduction of the nine-to-five workday: We start the daily email orgy before we get out of bed in the morning and then pass the hours till dusk in tiresome meetings and video conferences, only to continue to commune [...]

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MacroBusiness Tuesday, April 15, 2014 - 12:31 Source

The world’s most important credit data for March is out in China and it is weak. Total social financing came in at 2.07 trillion yuan, well ahead of consensus at 1.85 trillion but still down 19% year on year. Bank loans were an even half at 1.05 trillion: The shadow banking share isn’t shrinking: The [...]

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Left Focus Tuesday, April 15, 2014 - 12:22 Source

above:  Joe Hockey and Tony Abbott will claim Australia 'is living beyond its means' - but behind this rhetoric there is simply an Ideology of small government - regardless of the human cost. Tristan EwinsAs the Federal Budget approaches for 2014-2015 there has been speculation to the effect that the Government may resort to PAYE income tax brac

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Tuesday, April 15, 2014 - 12:21 Source

As Bob Carr's diaries reveal, the Israeli lobby has consistently tried to silence critics of the state and shut down discussion of the human rights situation in Palestine, writes Stuart Rees

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MacroBusiness Tuesday, April 15, 2014 - 12:02 Source

The RBA minutes are out and were much of muchness with a little more emphasis on the dollar (highlighted). The shift of emphasis was enough to suppress the dollar 30 pips presumably as fears of a return of the jawbone above 94 cents were reignited. International Economic Conditions Recent indicators for the global economy suggested [...]

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MacroBusiness Tuesday, April 15, 2014 - 11:45 Source

From the AFR: The mining junior that claimed to have sourced $6 billion worth of funding from a mystery backer has broken its promise to reveal full details of the money this morning. Padbury Mining raised eyebrows on Friday when it told the ASX it had sourced $6 billion to revive the failed Oakajee port and rail project in Western Australia. …Padbury said [...]

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The Melbourne Urbanist Tuesday, April 15, 2014 - 11:43 Source

Follow the link to read the latest article by The Urbanist, High Speed Rail: too good to be true? http://blogs.crikey.com.au/theurbanist/2014/04/15/high-speed-rail-too-go...

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Peter Garcia-Webb Tuesday, April 15, 2014 - 11:37 Source

The Washington Post and The Guardian US have shared the 2014 Pulitzer Prize in Journalism for Public Service. The prize is awarded: For a distinguished example of meritorious public service by a newspaper or news site through the use of its journalistic resources, including the use of stories, editorials, cartoons, photographs, graphics, videos, databases, multimedia or interactive presentations or other visual material, a gold medal. The citation for the two papers are slightly different. Awarded […]

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Drag0nista's Blog Tuesday, April 15, 2014 - 10:57 Source

Am I a feminist? A panel discussion at The Guardian.Filed under: Other musings, Politics Tagged: activism, conservatives, feminism, Liberal, Michaelia Cash, Penny Wong, socially conservative

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MacroBusiness Tuesday, April 15, 2014 - 10:54 Source

By Leith van Onselen New Zealand’s Housing Minister, Nick Smith, has set an ambitious target to improve the affordability of New Zealand housing back to its long-run average of four times household incomes. From Interest.co.nz: “The target that I’ve given to my ministry goes back to those long term affordability measures – which is the [...]

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Tuesday, April 15, 2014 - 10:10 Source

It's not true love for the monarchy that motivates Australian royalists, but sheer pragmatism. We shouldn't forget that, as we endure the regular royal visit nonsense, writes Geoff Gallop

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Popular Science Tuesday, April 15, 2014 - 09:56 Source

Update, 4/14/14: The SpaceX launch that was supposed to bring Robonaut 2 its legs has been postponed. The Falcon 9 rocket has a helium leak, NASA tweeted. R2 responded to the news on Twitter:

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Popular Science Tuesday, April 15, 2014 - 09:56 Source

The magnetic-levitation technology works by creating magnetic fields with onboard superconducting magnets, which interact with ground coils in the rail, allowing the whole train to "float" just above the ground. And go really fast.

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Popular Science Tuesday, April 15, 2014 - 09:56 Source

Jet lag occurs when your body's circadian rhythms fall out of sync with your surroundings, such as when you quickly move to an area that is 12 hours behind where you were previously. One thing that certain helps to adjust is exposure to sunlight--cells in your retina use this information to tell the brain that it is daylight, and that the body should be awake. But how much sunlight does the body need to adjust? And at what times? 

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Popular Science Tuesday, April 15, 2014 - 09:56 Source

Think of it as a study of the natural behaviours of the troll. A team of information science researchers recently analysed the comments people make on recorded TED talks. Actually, the researchers found that the majority of comments related to the content of the talks (progress!). But they also found that about six percent of YouTube comments on TED talks are insults and that female TED presenters are more likely to have commenters assess their appearance and style than male presenters (not progress).

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Popular Science Tuesday, April 15, 2014 - 09:56 Source

English philosopher Thomas Hobbes believed that men living in anarchy would lead “solitary, poor, nasty, brutish, and short” lives. So as much as I’d enjoy rebuilding civilization from piles of trash after an apocalypse, I’d first worry about a way to send petrol-marauding punk rockers scrambling and make infectious zombies take a dirt nap. 

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Popular Science Tuesday, April 15, 2014 - 09:56 Source

Before the Predator attached the name "drone" to an anti-terror war machine, many militaries flew unmanned planes as targets, so that pilots and anti-aircraft gunners could practice shooting moving objects. Target drones are still flown today, both specific target models and ones converted from old jets specifically for this purpose. In the past, targets were generally plane-sized, and militaries used anti-aircraft weapons to shoot them down.

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Popular Science Tuesday, April 15, 2014 - 09:56 Source

Flowers from the Ganjoji "space tree" also look a bit different, containing five petals, as opposed to about 30 like their parent trees. 

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Popular Science Tuesday, April 15, 2014 - 09:56 Source

The ship Okeanos Explorer set out last Thursday across the Gulf of Mexico for a three-week, deep-sea expedition… and you can follow along! The National Oceanic and Atmospheric Administration is livestreaming the whole trip. So far, the expedition has explored some gas seeps on the ocean floor and snapped a photo of an underwater brine pool. In the coming weeks, Okeanos' crew will send out remotely-operated vehicles to examine coral beds, deep-sea canyons and 200-year-old shipwrecks. You can watch the expeditions three streams right here.

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MacroBusiness Tuesday, April 15, 2014 - 09:46 Source

By Leith van Onselen The Canberra Times has published an article today on the growing number of federal public servants that have been classified as “excess” to requirement and are being paid to effectively turn up to work and do nothing: More than 400 federal public servants are languishing in employment limbo after they lost [...]

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Cheeseburger Gothic Tuesday, April 15, 2014 - 09:36 Source

Apolz for the tardy updating. There's a surprising amount of shit happening here, and combined with school holidays, it's making it difficult to allot time to personal blogging. I'm also constrained in how much I can talk about yet. As in, nothing.

But in a couple of weeks, I may have some news.

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