Blogotariat

Oz Blog News Commentary
Delimiter Monday, July 20, 2015 - 12:20 Source

The first independent Australian video game developer to make a submission to the Senate’s fledgling inquiry into the future of the local video game development industry has called for the nation to become known as a ‘connector’ which will support developers to gain access to major publishers, markets and other resources.

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The Australian Independent Media Network Monday, July 20, 2015 - 12:09 Source

Debt and deficit disaster! They are spending like drunken sailors! It’s in their DNA!

So outraged were they by Labor’s waste and mismanagement, the Coalition published The Little Book of Big Labor Waste in which they list 50 examples which make for very interesting comparative reading now. A few months ago I wrote a short sequel – an exhaustive comparison would run to volumes.

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MacroBusiness Monday, July 20, 2015 - 11:58 Source

It’s awwn this morning for gold and the battler. The Aussie fell right through its post 2009 low in the mid 73s and gold collapsed: Of course gold is a another not insubstantial element in Australia’s terms of trade. For those hoping to pick up some yellow metal here is my recent post: For all of

The post Australian dollar, gold smacked appeared first on MacroBusiness.

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Monday, July 20, 2015 - 11:52 Source

It won't happen overnight, but international developments suggest it almost certainly will eventually happen. Thom Mitchell reports.

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MacroBusiness Monday, July 20, 2015 - 11:46 Source

Cross-posted from Foreign Policy comes Patrick Chovanec who is exactly right: During the Vietnam War, surveying the shelled wreckage of Ben Tre, an American officer famously remarked, “It became necessary to destroy the town to save it.” His comment came to epitomize the sort of self-defeating “victory” that undoes what it aims to achieve. Last week,

The post Chovanec: China destroyed its stock market appeared first on MacroBusiness.

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MacroBusiness Monday, July 20, 2015 - 11:40 Source

By Leith van Onselen The Housing Industry Association (HIA) has released its land sales report for the March quarter of 2015, which revealed a widening divergence between vacant land prices, which continue to climb to record highs, and the number of land sales, which slumped again in the latest quarter and have fallen sharply over

The post HIA: Land prices rocket as sales plummet appeared first on MacroBusiness.

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Delimiter Monday, July 20, 2015 - 11:36 Source

Treasurer Joe Hockey has stated that the Government is spending about $70 billion building its version of the National Broadband Network, in comments which appear to run contrary to existing estimates about the Government’s investment in the project.

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MacroBusiness Monday, July 20, 2015 - 11:36 Source

Click to view Core Logic-RP Data’s latest weekly housing market update, which provides a useful snapshot of the housing market as at 19 July 2015. This week’s report includes: Latest weekly dwelling value results; Auction results & clearance rates; Latest median house & unit prices; Average time on market & vendor discounts; Mortgage market activity;

The post RP Data weekly housing market update appeared first on MacroBusiness.

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MacroBusiness Monday, July 20, 2015 - 11:26 Source

From Morgans: APRA has announced accredited banks, using the internal ratings-based (IRB) approach to credit risk, will see average risk-weights on mortgages increased from approximately 16% to at least 25%. Changes will come into effect from 1st of July 2016. APRA noted today’s announcement is an interim measure.  APRA will wait for the outcome of

The post More on APRA’s higher risk weights appeared first on MacroBusiness.

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MacroBusiness Monday, July 20, 2015 - 11:16 Source

By Leith van Onselen Back in May, Infrastructure Australia released a report forecasting a massive 290% increase in the costs of congestion by 2031, unless there is massive investment in new roads and public transport, with Melbourne most badly affected: IA says the cost of road delays in the six largest capital cities was $13.7

The post The population monster destroying Melbourne’s standard of living appeared first on MacroBusiness.

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The Melbourne Urbanist Monday, July 20, 2015 - 10:56 Source

Should car share users pay for parking?

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Delimiter Monday, July 20, 2015 - 10:54 Source

The English High Court appears to have struck down the United Kingdom’s hastily enacted data retention bill due to its lack of compliance with European laws, in a move that may force the UK Government to add extra safeguards into its approach to the retention of telecommunications data.

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MacroBusiness Monday, July 20, 2015 - 10:31 Source

By Leith van Onselen The negative gearing ‘whack-a-mole’ continues. Just as I was hoping that a day would pass without needing to write another ‘take-down’ article on property tax concessions, possibly the worst ever (and that’s saying something) defence of negative gearing was published over the weekend in Fairfax’s Domain, penned by Jamie Alcock, an

The post The worst ever defence of negative gearing appeared first on MacroBusiness.

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Cheeseburger Gothic Monday, July 20, 2015 - 10:28 Source

Wired has a cool piece on the Soviet Military"s detailed maps of western cities. Wish I"d known about this when I we were designed the cover art for Stalin"s Hammer. How cool would it have been to put a Soviet map on the cover of each instalment, which after all, are based on cities. (Almost as cool as it would be if I could get my publishers to sort out their geographic rights differences, so I could actually publish the rest of the series.)

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MacroBusiness Monday, July 20, 2015 - 10:23 Source

According to Alan Kohler: The problem, in short, is that Australian house prices are not in a bubble, and are, instead, in a ‘new normal’ and are not going to come down on their own. …Most of the focus on last week’s submission by the RBA to the Parliamentary Inquiry into Home Ownership was on

The post Kohler’s “new normal” for house prices appeared first on MacroBusiness.

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xkcd.com Monday, July 20, 2015 - 10:00 Source

I guess I should be signing stuff, but I've never been sure what to sign. Maybe if I post my private key, I can crowdsource my decisions about what to sign.

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Popular Science Monday, July 20, 2015 - 09:42 Source

When I was growing up, there were nine planets in the solar system: Mercury, Venus, Earth, Mars, Jupiter, Saturn, Uranus, Neptune, and Pluto. By 1989, all of those planets had been explored … except Pluto. Though it's no longer classified as a planet by some folks, Pluto is one of the largest worlds in the outer solar system, and it remained a mystery until this week.

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Popular Science Monday, July 20, 2015 - 09:42 Source

NASA's New Horizons spacecraft completed its flyby of Pluto three days ago, but the most incredible views of the dwarf planet are just coming to light now.

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Popular Science Monday, July 20, 2015 - 09:41 Source

Going to the dentist isn't generally fun. You lie there, with your mouth open while someone picks and scrapes at your teeth. There's a reason they bribe kids with toys and those adorable tiny toothpaste tubes. But as you prepare for your next dental checkup, remember that it really could be so much worse.

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Popular Science Monday, July 20, 2015 - 09:41 Source

This prosthetic doesn't go out on a limb, but into a limb.

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Popular Science Monday, July 20, 2015 - 09:41 Source

Electric car maker Tesla conducted a mysterious conference call/press announcement today. By “mysterious,” of course, we simply mean they didn't announce what they were talking about beforehand, and the Internet immediately labeled it mysterious, even though they never announce what they're going to talk about. That company gets buzz handed to it on a silver platter …

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Popular Science Monday, July 20, 2015 - 09:36 Source

Apparently, robots like road trips. A Canadian robot, hitchBOT started out on a cross-country road trip today, planning to travel from Boston, all the way out to San Francisco, sightseeing along the way.

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Popular Science Monday, July 20, 2015 - 09:36 Source

Let's all take a moment to think about velociraptors.

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MacroBusiness Monday, July 20, 2015 - 09:34 Source

APRA has finally moved on the dark heart of Australia’s mortgage bubble following suggestions of the Murray Inquiry: The Australian Prudential Regulation Authority (APRA) has today announced an increase in the amount of capital required for Australian residential mortgage exposures by authorised deposit-taking institutions (ADIs) accredited to use the internal ratings-based (IRB) approach to credit

The post APRA jacks mortgage risk weights appeared first on MacroBusiness.

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MacroBusiness Monday, July 20, 2015 - 09:22 Source

So says the London Telegraph, perhaps smarting from an Ashes thumping: While the rest of the world suffered from the aftermath of the global financial crisis, Australia’s economy – closely tied to China – appeared impervious, with full employment and a healthy trade surplus. However, a collapse in iron ore and coal prices coupled with

The post Is Australia the “next Greece”? appeared first on MacroBusiness.

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The Australian Independent Media Network Monday, July 20, 2015 - 08:56 Source

NOT A REAL HEADLINE – JUST IN CASE IT’S HARD TO TELL!

From Wikipedia:

” In 2007, she (Bronwyn Bishop) sang a duet of Irving Berlin‘s A Couple of Swells with then Health Minister, Tony Abbott, at a fund-raiser in Sydney.

Ok, it’s a very old song. Even older than the Liberal Party, I think, but I’m not sure, but if we just keep repeating that it may be eventually considered true. That’s what a “factoid” is.

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MacroBusiness Monday, July 20, 2015 - 08:37 Source

By Leith van Onselen BIS Shrapnel is warning of a imminent housing glut by 2018, which it argues will hit Melbourne’s and Perth’s markets most severely. From The AFR: The national undersupply, which peaked at 108,000 homes last financial year, will fall into a net glut of over 12,000 dwellings in the year to June

The post Get ready for a housing glut appeared first on MacroBusiness.

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Monday, July 20, 2015 - 08:03 Source

It’s worthwhile noting what ‘corrupt’ means.

It is, or it can mean, the misuse of public money, as in a helicopter trip, provided by a friend of a man in Bronwyn’s office, at a cost higher than the minimum.

But it can be also, surely, the use of Bronwyn’s office, provided free by her, for Liberal fundraisers. She is supposed to be above party politics, and is fundraising for a particular party. She chided Gillian Triggs for ‘not getting into politics’, like her, on Q&A, when she, amazingly, was already
Speaker.

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MacroBusiness Monday, July 20, 2015 - 08:01 Source

By Chris Becker The ebullient mood in Asia did not translate into similar gains across the continent nor in the US to finish another volatile week on world markets. The exception was the NASDAQ which extended its record high on some good Google earnings news. Construction figures for June were better than expected and no

The post Macro Morning (gold $1000) appeared first on MacroBusiness.

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MacroBusiness Monday, July 20, 2015 - 07:46 Source

The Aussie battler was thumped Friday night again and the chart sure looks bearish for more with a busted descending triangle and head and shoulders pattern: Market position has also shifted strongly bearish with last week’s Commitment of Traders report showing a big move short by large speculators to minus 33.5k contracts: Markets can get

The post Morgan Stanley: Australian dollar going much lower appeared first on MacroBusiness.

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