Blogotariat

Oz Blog News Commentary
Antony Green's Election Blog Wednesday, April 8, 2015 - 11:04 Source

Could the Legislative Council election yet be voided because of an error with iVote?

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Renew Economy Wednesday, April 8, 2015 - 11:00 Source

The Abbott government’s energy white paper focuses on the old favourites – gas, coal and nuclear, and ignores climate. Wind energy gets a single mention, while rooftop solar is dammed for “cross subsidies”. But it does acknowledge that battery storage will create a “paradigm shift” that will require energy utilities to change their business models.

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MacroBusiness Wednesday, April 8, 2015 - 10:56 Source

By Leith van Onselen Fairfax’s Heath Aston has published an eye opening article today revealing how dividend imputation credits received by tax-free (mostly wealthy) superannuation holders over the age of 60 are costing the Budget some $6 billion a year in forgone revenue: The true extent of the damage to tax receipts by a system

The post Another rich retiree rort revealed appeared first on MacroBusiness.

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MacroBusiness Wednesday, April 8, 2015 - 10:54 Source

Here’s the antidote to that Chovanec doomsayer, from Craig James at COMMSEC According to the latest data, Aussie consumers turned gloomy over the past week. There is no major explanation for the change. Data showed that home prices continued to rise. And there weren’t too many reasons for fresh concern about the global economy. But

The post One banker’s take on gloomy consumers appeared first on MacroBusiness.

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MacroBusiness Wednesday, April 8, 2015 - 10:38 Source

And here is the big iron doom moment from Bloomie: CHINA MAY UNVEIL SUBSIDY TO IRON ORE PRODUCERS MID-APRIL: NEWS

The post Bloomie: China mulls iron ore subsidies appeared first on MacroBusiness.

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MacroBusiness Wednesday, April 8, 2015 - 10:31 Source

By Leith van Onselen From The AFR’s Chris Joye comes his latest missive on the epic housing bubble developing in Australia: According to UBS, in March the ratio of Australian dwelling prices-to-disposable household incomes equalled – and is presently surpassing – the previous record of 5.3 times set back in September 2003. And they predict

The post Why this is not 2003 for housing appeared first on MacroBusiness.

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Wednesday, April 8, 2015 - 10:25 Source

The weekend's theatrics certainly did not prove to be a victory for the extreme Right in Australia. But it didn't flatter the far Left either, writes Dr Tad Tietze.

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MacroBusiness Wednesday, April 8, 2015 - 10:21 Source

Pfft, nah!

The post Chovanec: Iron ore and Aussie housing connected appeared first on MacroBusiness.

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MacroBusiness Wednesday, April 8, 2015 - 10:10 Source

By Leith van Onselen The ANZ-Roy Morgan Research (RMR) consumer confidence index has tanked, slumping 2.6 points to 109.7 in the week ended 5 April to be tracking well below the long-run average of 113. It was the lowest reading for 8 months (see next chart).     The sharp fall in confidence was driven

The post Aussie consumer confidence smacked appeared first on MacroBusiness.

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Popular Science Wednesday, April 8, 2015 - 10:00 Source

The first time Popular Science wrote about stilbene, nuclear weapons were decades away from existing.

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xkcd.com Wednesday, April 8, 2015 - 10:00 Source

At the boundary between each zone, stories blend together. Somewhere in the New Mexico desert, the Roadrunner is pursued by a tireless Anton Chigurh.

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Popular Science Wednesday, April 8, 2015 - 09:59 Source

Having the right amount of body fat can be healthy, but most Americans have too much of it. A team of researchers led by a biologist at the University of California San Francisco has been investigating the cellular composition of this fat in order to engineer fat-burning drugs in the future that might help curb the obesity epidemic. The study was published recently in Nature Medicine.

Read more Views: 313
Popular Science Wednesday, April 8, 2015 - 09:59 Source

When it comes to dinosaurs, the Tyrannosaurus rex and velociraptor motorcycle gangs might get all the attention--with good reason. They look awesome:

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Popular Science Wednesday, April 8, 2015 - 09:59 Source

Generally when you think of solar power, the sun beating down on a dry, dusty desert might come to mind. But in Brazil, a new project will see solar panels installed on a much wetter surface: the surface of a reservoir.

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Popular Science Wednesday, April 8, 2015 - 09:59 Source

After the disaster comes the accountants. Major tornadoes, earthquakes, tsunamis, and the like do dollar amounts of damage, sometimes in the billions. That number comes from the nitty-gritty of insurance valuations and payouts, a wholly human assessment of the ruins from natural forces. Now, thanks to FAA approval, robots may start to get in on the action.

Read more Views: 299
Popular Science Wednesday, April 8, 2015 - 09:59 Source

I love poached eggs. Love 'em. Can I make them? Not so well. But technology may soon come to my rescue in the form of the Meld, a smart kitchen gadget that promises to make careful, precise cooking accessible to the culinarily inept like me. The project, currently funding on Kickstarter, is expected to ship this October.

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Popular Science Wednesday, April 8, 2015 - 09:59 Source

When it comes to self-driving cars, the possibilities are seemingly limitless.

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Popular Science Wednesday, April 8, 2015 - 09:59 Source

Almost all of the electronic devices that we carry around with us all day now rely on one key, but increasingly antiquated, technology: the lithium-ion battery. A mainstay of rechargeable power for the last couple decades, this battery technology has gotten only minor refinements. But a substantial improvement in stored power may be in the offing, thanks to researchers at Stanford University, who have developed a new battery technology based on aluminum.

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Popular Science Wednesday, April 8, 2015 - 09:59 Source

America's Intelligence Advanced Research Projects Agency is filled with a bunch of nerds. At the very least, they've got a Lord of the Rings fan in their acronym-making department. Their latest project, open for solicitations last week, is called the “Standoff ILluminator for Measuring Absorbance and Reflectance Infrared Light Signatures,” or SILMARILS.

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MacroBusiness Wednesday, April 8, 2015 - 09:59 Source

From The Australian, cracks appear in the sell side iron ore fan club: “Should prices continue to deteriorate across the board, we believe BHP’s progressive dividend may need to be either re-based, or temporarily paused. RIO’s dividend appears to be safe, although additional capital management would be unlikely to continue in 2016.” While it keeps

The post JPM warns on big iron ore earnings appeared first on MacroBusiness.

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The Australian Independent Media Network Wednesday, April 8, 2015 - 09:54 Source

As someone not of a religious bent, Edward Eastwood spent the Easter break compiling a list of a few of his least favourite things.

Reality T.V. cooking programs where smarmy overdressed and overfed ‘judges’ humiliate greedy aspirationals in front of a nationwide audience. These same overfed and overdressed epicureans are usually the ones who scream loudest and longest about the need to pay their staff penalty rates.

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MacroBusiness Wednesday, April 8, 2015 - 09:48 Source

From the AFR, it’s good to have friends in high places: Western Australia would receive hundreds of millions of dollars in additional GST revenue under a proposed revamp of the distribution system being modelled at the instruction of Federal Treasurer Joe Hockey. The methodology, which would strip out the commodity boom years from calculations and

The post Hockey prepares Comrade Colin bailout appeared first on MacroBusiness.

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Popular Science Wednesday, April 8, 2015 - 09:40 Source

Cities, with their dense populations and public transit systems are often seen as hotbeds of green innovation--places where bicycles, subways, and light rail are transforming how we get around. But new research shows that fast-growing cities are some of the worst culprits when it comes to CO2 emissions from cars.

Read more Views: 294
Popular Science Wednesday, April 8, 2015 - 09:40 Source

Knowing where you are--or where your stuff is--is sometimes a challenge. iTraq wants to help fix that by providing a tag about the size of a credit card that can report its location anywhere in the world.

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Popular Science Wednesday, April 8, 2015 - 09:40 Source

NASA is certain: We're not alone in this universe.

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MacroBusiness Wednesday, April 8, 2015 - 09:40 Source

By Leith van Onselen The Australian Treasury has released a new working paper examining the efficiency impacts of various taxes, and has unsurprising found that land tax comes out on top: As suggested by the theory broad based land tax has a very slight impact on factor income as seen in Chart 25. The foreign

The post Why land taxes are the best taxes appeared first on MacroBusiness.

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MacroBusiness Wednesday, April 8, 2015 - 09:39 Source

From Forexlive: The RBA’s commentary on the A$ took a meaningful twist in today’s statement, when it dropped its reference to the currency ‘remaining above most estimates of its fundamental value.’ … is likely to continue to lift the AUD in the short term… The fact that the RBA today dropped the reference to being

The post Westpac wrongly wrong on strong AUD appeared first on MacroBusiness.

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MacroBusiness Wednesday, April 8, 2015 - 09:28 Source

These guys are hopeless. It’s only months since they lowered their iron ore ratings benchmark to $75 and now it takes an equity suspension for them to wake up to junior downgrades. From S&P: Standard & Poor’s Ratings Services said today that it had lowered its corporate credit rating on Australian iron ore miner Atlas

The post Rating agencies put boot into Atlas appeared first on MacroBusiness.

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The Tally Room Wednesday, April 8, 2015 - 09:15 Source

Last Friday, I published a breakdown of the election result in the key seat of Lismore in the far north of New South Wales.

The seat of Ballina shares a lot of similarities with its neighbour. In both cases, the Greens outpolled Labor in 2011, but the Nationals held the seat by a large margin against either left party. In both cases, there was a large swing away from the Nationals and to both Greens and Labor, with the Greens staying in second place on primary votes.

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MacroBusiness Wednesday, April 8, 2015 - 09:09 Source

By Chris Becker A very bullish session in Europe deflated as markets opened in the US, with the S&P500 falling 0.2% as confidence wavered before the Alcoa earnings and FOMC meeting minutes released later tonight. Recapping the Asian session, the Shanghai Comp bubble squeaked ever higher, rising 2.5% almost hitting 4000 points. This dragged the

The post Macro Morning: Fade out appeared first on MacroBusiness.

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