Blogotariat

Oz Blog News Commentary
TPS Extra Tuesday, April 21, 2015 - 19:00 Source

How many times have you heard Joe Hockey, in his characteristically boisterous way, warning us all about the pending ‘intergenerational theft’ that the previous government’s policies will bring about unless as a nation we begin to ‘live within our means’?

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Tuesday, April 21, 2015 - 17:09 Source

I urge you to watch David Bradbury’s masterpiece, The Crater, on Thursday at 9.30 pm on ABC.

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MacroBusiness Tuesday, April 21, 2015 - 16:30 Source

Stan Shamu for Chris Weston, Chief Market Strategist at IG Markets Equities rebound on stimulus expectations  The trading environment remains volatile and it didn’t take long for equities to erase some of the losses we saw on Friday. Chinese equities have sprung back to life while the Nikkei and ASX 200 are also enjoying some

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Tuesday, April 21, 2015 - 16:10 Source

A damning Four Corners investigation has been attacked by university bodies. Too bad their vice-chancellors were nowhere to be found when the show was filmed.

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MacroBusiness Tuesday, April 21, 2015 - 15:12 Source

From the wise people at PIMCO: ​​After re-engaging policy support in February following an 18-month hiatus, the Reserve Bank of Australia (RBA) wrong-footed many in the market by keeping policy on hold in the two subsequent board meetings. So was February’s decision a “one-and-done” policy event or the start of a more aggressive easing cycle?

The post PIMCO says short Aussie with both hands appeared first on MacroBusiness.

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Renew Economy Tuesday, April 21, 2015 - 15:02 Source

Senate inquiry labelled 'gutless' after confirming network ‘gold plating’ had inflated power prices, offering little insight on how to fix the problem.

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Renew Economy Tuesday, April 21, 2015 - 15:01 Source

Pro-nuclear lobby groups applaud Abbott's decision to give $4m to climate contrarian Bjorn Lomborg, while claiming renewables cannot meet society's needs.

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Renew Economy Tuesday, April 21, 2015 - 14:55 Source

It may be possible for China to shake most of its reliance on fossil fuels by 2050, with renewables providing 80% of electricity needs.

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Renew Economy Tuesday, April 21, 2015 - 14:55 Source

Elon Musk was very close to selling Tesla* to Google, at least according to a new book due out May 19 from Ashlee Vance.

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Renew Economy Tuesday, April 21, 2015 - 14:55 Source

The aluminum-ion battery offers many significant advantages over the conventional lithium-ion batteries currently used in most electronic devices and EVs.

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Renew Economy Tuesday, April 21, 2015 - 14:38 Source

The solar output from more than 5500 distributed PV systems across Australia can now be monitored in real time after the launch of APVI's updated solar mapping service.

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MacroBusiness Tuesday, April 21, 2015 - 13:56 Source

By Leith van Onselen ABC’s Fact Check has conducted an interesting examination of the extent to which Australia’s retirement system benefits different income earners and has found that wealthy Australians receive the lion’s share of taxpayer benefits. First, superannuation: …the top 10 per cent of income earners reap about 38 per cent of the government

The post How the retirement system benefits the rich appeared first on MacroBusiness.

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Renew Economy Tuesday, April 21, 2015 - 13:56 Source

Plunging technology costs mean Australia can achieve 100% renewables and zero net emissions by 2050 at relatively low cost.

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Tuesday, April 21, 2015 - 13:56 Source

A government that said it was open for business has overseen the destruction of thousands of jobs. Why? It's obsessed with the idea that coal is good for humanity.

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Renew Economy Tuesday, April 21, 2015 - 13:52 Source

China adds more than 5GW of solar in first quarter, a level that Abbott government in Australia says is impossible to do in 5 years.

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Renew Economy Tuesday, April 21, 2015 - 13:49 Source

After more than four years we have finally witnessed the emptying of the Clearing House.

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Renew Economy Tuesday, April 21, 2015 - 13:44 Source

HSBC says fossil fuel companies, or some of their assets, will become “non-viable” or “unburnable”. That’s not just because of climate action, it is also due to changing economics and the impact of new technologies, such as solar and storage.

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MacroBusiness Tuesday, April 21, 2015 - 13:33 Source

Fresh from our Bill: The minutes of the April monetary policy meeting provide further insights into the current thinking of the Reserve Bank. The decision not to cut rates at the April meeting despite “financial markets assign[ing] a high probability to a reduction in the cash rate at the current meeting” seem to be explained

The post Bill Evans affirms May rate cut appeared first on MacroBusiness.

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Tuesday, April 21, 2015 - 13:19 Source

The shocking numbers have provoked warnings of a growing 'working poor' in Australia.

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MacroBusiness Tuesday, April 21, 2015 - 13:08 Source

The NAB quarterly property survey is out (it canvasses property sector insiders) and it’s still all go in the east: The NAB Residential Property Index rose to +21 points in Q1’15, up from +12 points in Q4’14 and sits comfortably above its long-term average (+14 points). Market sentiment improved in all states (except WA), although

The post Foreign property buyers off the boil appeared first on MacroBusiness.

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MacroBusiness Tuesday, April 21, 2015 - 12:49 Source

By Leith van Onselen The Housing Industry Association (HIA) has released its land sales report for the December quarter of 2014, 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 evaporate appeared first on MacroBusiness.

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MacroBusiness Tuesday, April 21, 2015 - 12:46 Source

From Credit Suisse: A delicate balance? Last week, the Australian regulator AEMO published a report forecasting a balanced gas market in the near term. We would argue demand destruction forecasts of 150PJa really doesn’t count as “balance” but also that the number is too low. We don’t understand the underlying data – AEMO forecasts for Cooper production and Otway

The post CS slams AEMO gas balance outlook appeared first on MacroBusiness.

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MacroBusiness Tuesday, April 21, 2015 - 12:31 Source

The Banana Republic rolls on. From the ABC: The Reserve Bank appears to have been cleared of an internal leak after unusual trading in the Australian dollar seconds before two key interest rate decisions earlier this year. The suspicious trading in February and March had been referred to the Australian Securities and Investments Commission (ASIC)

The post RBA exonerates self of rates leak appeared first on MacroBusiness.

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MacroBusiness Tuesday, April 21, 2015 - 12:23 Source

By Leith van Onselen Last night’s Q&A program aired on The ABC was pathetic. Despite having Trade Minister, Andrew Robb, on the panel, and negotiations for the highly contentious Trans-Pacific Partnership (TPP) trade deal drawing to a close, chair Tony Jones failed to allow one question on the issue, despite assurances that there would be

The post Q&A’s TPP fail appeared first on MacroBusiness.

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Tuesday, April 21, 2015 - 12:22 Source

The number and size of the lies of the Abbott government is remarkable.

We are told they have stopped the boats. But one was taken back to Vietnam only last week. How many were taken back to Sri Lanka, or Somalia, or Fiji, we may never know.

We are told that, in the nick of time, we were saved from ‘young terrorists’ blowing up Anzac Day in Melbourne. And then we are told that Anzac Day will be ‘perfectly safe’ and we should turn up in our hundreds of thousands, our millions, to watch, on the main streets of our towns, the hundredth exultant celebration of this national holy day.

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MacroBusiness Tuesday, April 21, 2015 - 11:59 Source

Just in case you’re wondering why China has entered aggressive easing mode, from Forexlive: The MNI China Business Sentiment Indicator, a gauge of current business sentiment, fell for the fourth consecutive month to 48.8 in April from 52.2 in March, now at its lowest since the beginning of 2009. Confidence in contractionary territory for the

The post China business confidence in hard landing appeared first on MacroBusiness.

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Tuesday, April 21, 2015 - 11:48 Source

On Ellis Gold is a good deal of the early chapters of Goodbye Babylon, about the attack on the Twin Towers, the Hobart Labor Party Conference, the Constitutional Convention, the start of the Afghanistan war and a launch, by Gough Whitlam, of a book by Mungo MacCallum.

I will put up big sections of my several books in the next few weeks.

A dollar a week. Fifty dollars a year.

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MacroBusiness Tuesday, April 21, 2015 - 11:40 Source

RBA minutes are out and it’s full dove action. Minutes of the Monetary Policy Meeting of the Reserve Bank Board Sydney – 7 April 2015 Members Present Glenn Stevens (Governor and Chair), Philip Lowe (Deputy Governor), John Akehurst, Roger Corbett AO, John Edwards, Kathryn Fagg, John Fraser (Secretary to the Treasury), Heather Ridout AO, Catherine

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MacroBusiness Tuesday, April 21, 2015 - 11:06 Source

By Leith van Onselen The Property Council of Australia (PCA) has provided a submission to South Australia’s review of state taxation, which repeated its call to abolish stamp duty in exchange for a broad-based land tax. From The Canberra Times: Daniel Gannon, the executive director of the South Australian division of the Property Council says

The post How to abolish stamp duty appeared first on MacroBusiness.

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Cheeseburger Gothic Tuesday, April 21, 2015 - 10:54 Source

The Public Doman Review has one of the first post-apocalyptic novels published in the English on it's site, a lovely digital copy of 1911's After London.

The dense curlicues of Edwardian era language can take some getting used to. (I'd have deleted the first sentence, for instance, and started cold with the second which is much punchier.

"It became green everywhere in the first spring, after London ended, so that all the country looked alike."

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