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Oz Blog News Commentary
The Australian Independent Media Network Thursday, April 23, 2015 - 10:17 Source

When what you are doing is not achieving the desired goal, do you stick with it because that’s what you said you were going to do?

Data from the Australian Department of the Environment reveal that whether or not you liked the carbon tax, it absolutely worked to slash carbon emissions. And in the first quarter without the tax, emissions jumped for the first time since prior to the global financial crisis.

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MacroBusiness Thursday, April 23, 2015 - 10:15 Source

By Leith van Onselen Statistics New Zealand has released its permanent & long-term migration figures for March 2015, which revealed that net migration to New Zealand remained near record highs in seasonally adjusted terms: Moreover, migration from New Zealand to Australia was at its lowest level in 23-years: According to Statistics New Zealand: The main

The post Kiwi exodus from Australia continues appeared first on MacroBusiness.

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MacroBusiness Thursday, April 23, 2015 - 10:08 Source

By Leith van Onselen “Unabashed supporter of a bigger Australia”, KPMG’s Bernard Salt, continues to make contradictory statements about the desirability of Australia’s world-beating population growth. For years, Salt has been leader-in-chief for a “Big Australia”, producing reams of articles pushing rapid population growth and warning that to not follow this path would lead to

The post Salt of the flip flop appeared first on MacroBusiness.

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MacroBusiness Thursday, April 23, 2015 - 10:04 Source

From Gotti at Dad’s Army: When linked to tourism and education, overseas apartment purchases (and development) have similar economic benefits to mining exports. …In normal circumstances, NSW would lead this boom and the biggest apartment developer in the state (and Australia), Harry Triguboff, would be the equivalent of the chief executive of the ‘Big Australian’,

The post Gotti soars on Triguboffonimic wings appeared first on MacroBusiness.

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Thursday, April 23, 2015 - 09:58 Source

PVO, a Liberal voter, said Wayne Swan, 60, should leave politics as he was ‘of no further use’. He did not say this of Bill Heffernan, 72, Bronwyn Bishop, 73, or Phillip Ruddock, 75, before the last election; nor did he say it in 2007 of John Howard, then 68, when everybody including all the Liberals wanted him to fuck off, or, alternatively, go bag his head. The Choirboy feared that Swan, whose achievement when Treasurer was unmatched and praised around the world, might add some sage advice to Labor policy in the coming decades and ensure they stay in office for another thirty years.

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Renew Economy Thursday, April 23, 2015 - 09:26 Source

Battery storage is already economic in some parts of the grid. That may also be the case for household and business consumers in Australia's towns and cities.

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Renew Economy Thursday, April 23, 2015 - 09:21 Source

Storage is seen as a key to reduce demand charges, and the anticipated boom in the electric vehicle market will transform the electricity sector.

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MacroBusiness Thursday, April 23, 2015 - 08:50 Source

From Kouk today: It’s an $18 billion a year gift to the budget! The iron ore price has jumped to US$53 a tonne as production levels are scaled back and markets realise that global economic growth is actually stronger than was assumed a couple of months ago. For the budget, this is manna from heaven.

The post Kouk goes Budget raw prawn appeared first on MacroBusiness.

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Thursday, April 23, 2015 - 08:40 Source

The second biggest coal mine planned for Queensland’s Galilee basin has also struck legal troubles. Thom Mitchell reports.

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MacroBusiness Thursday, April 23, 2015 - 08:38 Source

By Chris Becker More solid earnings results lifted all boats in US stocks overnight with a sell off in 10 year Treasuries almost sending them back to a 2% yield with no economic news from Europe making for a mixed session on the continent. The US dollar only had an impact on gold, which slumped

The post Macro Morning (solid earnings) appeared first on MacroBusiness.

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MacroBusiness Thursday, April 23, 2015 - 08:30 Source

By Leith van Onselen If you are an investor in the Darwin housing market, you might want to sell-up now, because it is facing an almighty bust as the $34 billion Ichthys LNG Project – effectively three mega-projects rolled into one – approaches completion. From Deloitte via The ABC: “The construction phase of the Ichthys LNG

The post Get out of Darwin property now appeared first on MacroBusiness.

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Renew Economy Thursday, April 23, 2015 - 08:10 Source

SolarCity now has access to financing for more than $1 billion in new commercial-scale solar energy systems, including battery storage systems.

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Renew Economy Thursday, April 23, 2015 - 08:04 Source

Leading solar companies are moving beyond PV and into battery storage and home energy management. Is the mass market ready?

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MacroBusiness Thursday, April 23, 2015 - 07:53 Source

By Leith van Onselen After stealing a march on the Coalition yesterday over the issue of superannuation concessions, the Labor Opposition has now taken advantage of the community’s angst over negative gearing and has signalled that it may unwind the tax popular tax shelter. In an address to the National Press Club yesterday, Shadow Treasurer,

The post Labor eyes negative gearing reform appeared first on MacroBusiness.

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MacroBusiness Thursday, April 23, 2015 - 05:52 Source

From the AFR: Under guidelines issued by APRA in December, banks are not meant to issue mortgages to borrowers unless stress testing shows they can afford to repay the loans on all their properties if mortgage rates hit 7 per cent. A confidential NAB mortgage calculator obtained by The Australian Financial Reviewshows NAB isn’t applying

The post Bank’s rorting APRA a “molotov cocktail” appeared first on MacroBusiness.

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MacroBusiness Thursday, April 23, 2015 - 05:42 Source

By Leith van Onselen The Paris-Based Financial Action Task Force (FATF) on money laundering has released its report on Australia, which found that Australian residential property is a haven for international money laundering, particularly from China, and has recommended that Australia implement counter-measures to ensure that real estate agents, lawyers and accountants facilitating real estate

The post Aussie property global haven for foreign money laundering appeared first on MacroBusiness.

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MacroBusiness Thursday, April 23, 2015 - 03:05 Source

Yesterday I didn’t make much of the BHP announcement that it would delay some port work for one year which would also slow its rise from 275 million tonnes (mt) of output per year to 290mt. It didn’t register for me because I have never included the move to 290mt in my calculations given it

The post Fortescue gets ponzi bond away on BHP blunder (updated) appeared first on MacroBusiness.

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MacroBusiness Thursday, April 23, 2015 - 00:56 Source

From Zero Hedge, another month another sales tumble for the mining bellwether Caterpiller:   And in a tip to big iron, here’s how to support your share price without sales:

The post Squashed Caterpillar appeared first on MacroBusiness.

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MacroBusiness Thursday, April 23, 2015 - 00:35 Source

Here are the iron ore charts for April 22, 2015: Don’t adjust your television set. It’s back to the future with Qingdao rocketing 6% on the day. Tianjin benchmark was a little less impressive up 4.1% to $52.90. Paper flew as well and Dalian is still pouring on it overnight now at 404. The ongoing

The post Daily iron ore price update (launch) appeared first on MacroBusiness.

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Thursday, April 23, 2015 - 00:16 Source

Reported domestic violence related assaults in New South Wales numbered 29,070 incidents for the year ending December 2014.A 2.7%  increase according to the NSW Bureau of Crime Statistics and Research’s New South Wales Recorded Crime Statistics 2014, making this category of assault the fifth highest trending crime across local government areas and the crime category with the highest percentage of legal proceedings commenced last year.Conversely non-domestic violence assaults were down 5.7% across NSW in 2014, making this category of assault the ninth highest trendi

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Thursday, April 23, 2015 - 00:15 Source

This was Australian Prime Minister Tony Abbott altering political history on a whim on 28 March 2015:Mitch Fifield, the architect of the National Disability Insurance Scheme, who will deliver a genuinely insurance-based scheme which will benefit a half a million Australians with disabilities and everyone who cares for them and which will have its head office in Geelong.Perhaps someone should remind Abbott that the Au

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MacroBusiness Thursday, April 23, 2015 - 00:01 Source

Global Macro / Markets / Investing: Guy Trading at Home Caused the Flash Crash – Bloomberg View Flash Crash Arrest Lays Bare Regulatory Lapses at All Levels – Bloomberg The Fed Still Wants Easy Money - Bloomberg Value vs growth stocks in normal and crisis times – VOX Oil Companies Are Getting a Second Chance

The post Links 23 April 2015 appeared first on MacroBusiness.

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Renew Economy Thursday, April 23, 2015 - 00:01 Source

Coal, the favourite commodity of Prime Minister Tony Abbott, is having a bad week. A new report says 90 per cent of Australia's reserves should stay in the ground if climate targets are to be met.

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laberal Wednesday, April 22, 2015 - 19:39 Source
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Wednesday, April 22, 2015 - 19:20 Source

The National Mental Health Commission’s review of mental health services provides the blueprint to begin long overdue reform to mental health services now. Consumers, their families and health professionals are looking for action.  John...

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Drag0nista's Blog Wednesday, April 22, 2015 - 19:20 Source

While Bill Shorten has become famous for mangling his witty one-liners, we should be paying more attention to Tony Abbott’s more troubling off-hand statements. At Community on Buzzfeed.Filed under: Politics Tagged: asylum seekers, Buzzfeed, offshore detention, Tony Abbott

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Wednesday, April 22, 2015 - 18:45 Source

Last week the ABC published leaked sections the National Review of Mental Health Programmes and Services which was undertaken by the National Mental Health Commission and completed last year.  Two days after the initial leaks Croakey was first to...

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The Australian Independent Media Network Wednesday, April 22, 2015 - 18:31 Source


The Husband’s Secret
(2013) is the fifth of Moriarty’s six novels, all of which are stories about families and relationships, and how ordinary lives teeter on the edge of the abyss of disaster.  Moriarty lives in Sydney, but her work seems to have special appeal in America; she’s one of the few Australian authors to have had three books on the New York Times best sellers list at the same time. Moriarty is popular in England too: this book features on the Richard and Judy Book Club list in 2013.

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MacroBusiness Wednesday, April 22, 2015 - 17:05 Source

Chris Weston, Chief Market Strategist at IG Markets US markets are still very much in limbo and I feel the market needs to see Apple’s earnings on Monday (after the US close) to find direction. On the subject of Apple it is interesting to see just how correlated the S&P 500 and Apple are at

The post ASX at the close appeared first on MacroBusiness.

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Wednesday, April 22, 2015 - 16:48 Source

They fought for country and died in their thousands. The Australian War Memorial might not want to remember them but the rest of us should. Amy McQuire on the Frontier Wars.

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