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MacroBusiness Wednesday, August 5, 2015 - 11:01 Source

By Leith van Onselen The Productivity Commission (PC) has released its draft report into Australia’s workplace relations framework, which recommends a few minor renovations to workplace laws to provide greater flexibility to the workplace. Most importantly, the PC finds that Australia’s workplace relations system is mostly sound, noting that “Australia’s recent labour market performance does

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MacroBusiness Wednesday, August 5, 2015 - 10:55 Source

From Morgan Stanley: Retain Cut in November – Housing Market Crucial:Whilethestatement was less dovish on thecurrency, weretain our view thatanother ratecut will be necessary to support GDP growth over FY16, whereat 2.3% wesit well below the RBA’s last-published growth forecast of 2.9% (with updates to be released on Friday). In particular, weareclosely monitoring theeffect of macro-prudential tightening and investor mortgagerepricing

The post MS: RBA will still cut in November appeared first on MacroBusiness.

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MacroBusiness Wednesday, August 5, 2015 - 10:39 Source

From national treasure Tim Toohey at Goldman Sachs: Lower potential growth implications for asset prices and tax We deploy the Gordon Growth model to test the impact of lower potential growth. We find that the equity market has not yet lowered its implied perpetuity growth rate and that lowering ‘potential growth’ by 75bps would lower

The post Goldman: Property 36% over-valued appeared first on MacroBusiness.

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Wednesday, August 5, 2015 - 10:24 Source

If Joe Hockey is capable of basic maths he must be aware of the impact of this policy. So why does he refuse to review it?

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MacroBusiness Wednesday, August 5, 2015 - 10:22 Source

A quick follow up to the ABC piece this morning and one not for the faint of heart:

The post Montgomery: Iron ore going to $10 appeared first on MacroBusiness.

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Popular Science Wednesday, August 5, 2015 - 10:19 Source

Obama has already used his lame duck status to take a stand on climate change, tweeting with the public and incorporating the issue into commencement speeches. But this afternoon, Obama promises to reveal the "biggest, most important step ever taken to combat climate change".

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Popular Science Wednesday, August 5, 2015 - 10:19 Source

Tiny insect drones could be useful for disaster-area surveillance or delivering supplies to people in accessible places. But the technology is still new, and they run a high risk of running into each other in confined spaces. Now researchers from the Swiss Federal Institute of Technology have created an artificial eye and navigation system for these drones based on insects' vision, according to a study published recently in The Royal Society Interface.

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Popular Science Wednesday, August 5, 2015 - 10:19 Source

We don't think much about glass; by its nature, it's meant to be seen through, not seen. And yet the high-tech, high-strength glazing that covers today's supertall buildings – skyscrapers over 1,200 feet, like One World Trade Center and the Burj Khalifa, in Dubai – is as important to the buildings' performance as the steel and concrete inside it.

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Popular Science Wednesday, August 5, 2015 - 10:19 Source

It's the height of summer here in the Northern Hemisphere and in many places that means that while temperatures are soaring outside, inside many office buildings they're plummeting.

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Popular Science Wednesday, August 5, 2015 - 10:19 Source

Connected cars promise better safety and security, but, like anything connected to a network, they can be susceptible to attacks from hackers.

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Popular Science Wednesday, August 5, 2015 - 10:19 Source

In the future we may have to use neural networks to defeat neural networks.

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Popular Science Wednesday, August 5, 2015 - 10:19 Source

Apple isn't content with just selling you their phones—they want to be your carrier, too. Business Insider reported today that Apple is secretly testing a mobile virtual network operator service (MVNO), a “virtual” cell service that switches between cell towers depending on the strongest signal. The company has allegedly been in contact with telecommunications companies for years, and would plan to launch the service in both the United States and Europe.

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Popular Science Wednesday, August 5, 2015 - 10:19 Source

Those of us with unruly, curly manes are constantly searching for ways to tame them. For those who choose to straighten their hair using heat (applied with gadgets like flatirons), getting the desired look without singeing the hair into an amorphous mass is difficult, and the various products that claim to protect hair are a font of misinformation.

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Popular Science Wednesday, August 5, 2015 - 10:19 Source

Despite a rocky start, Apple will reportedly unveil their new iteration of the Apple TV this September, along with their annual line of iPhones. It's about time; the last hardware update to the Apple TV was in 2012. That's like 328 billion tweets ago. (~500 million tweets per day for 3 years.)

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Popular Science Wednesday, August 5, 2015 - 10:19 Source

Customer service complaints, wasted hours, and extremely uncomfortable seats: Frequent and occasional flyers alike have a lot of problems with the status quo of air travel.

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Popular Science Wednesday, August 5, 2015 - 10:18 Source

NASA can afford to set up a permanent, manned station on the moon, according to a recent study. By working with private companies and turning water into rocket fuel, say the study authors, colonizing the moon would practically pay for itself. Such a base would cost 90 percent cheaper than we thought—like, $10 billion instead of $100 billion—and provide fuel for sending astronauts to Mars.

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Popular Science Wednesday, August 5, 2015 - 10:18 Source

NASA is not allowed to do business with Chinese scientists. That's according to a 2011 ban that makes the scientific endeavor to explore the universe unfortunately political. However, the law doesn't say that private American companies can't work with China in space, and according to the Houston Chronicle, a company called NanoRacks is exploiting that loophole to set up the first Chinese experiment on the International Space Station.

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Popular Science Wednesday, August 5, 2015 - 10:18 Source

It all started with a recruiting ad for a tech company, OneLogic, seen in transit stations in the San Fransisco area. It featured a woman in a black t-shirt and glasses against a white background, with a positive quote about the team she works with. Innocuous enough. But then people started commenting about the ad on social media. One Facebook user said: "But I'm curious that people with brains find this quote even plausible and if women in particular buy this image of what a female software engineer looks like."

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Popular Science Wednesday, August 5, 2015 - 10:18 Source

Crossing the Atlantic used to take months, but a new patent for Airbus for a hypersonic jet airliner wants to reduce that time to under five hours. Granted in the middle of last month, the patent describes the outline of a plane powered by turbojets, ramjets, and a freakin' rocket, all designed to help propel either 2 or 3 tons of cargo or 20 passengers at speeds of up to Mach 4.5, over distances of roughly 5,600 miles in three hours.

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Popular Science Wednesday, August 5, 2015 - 10:18 Source

Lexus just unveiled what is by all appearances a working hoverboard. This concept was teased about way back in June. Every story about it comes with an obligatory reference to Back To The Future Part II, that 1989 film set in the distant and far-off future of 2015, which featured an iconic hoverboard chase scene. Here's that hoverboard in action:

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The Melbourne Urbanist Wednesday, August 5, 2015 - 10:13 Source

Will Infrastructure Victoria improve the standard of political promises?

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xkcd.com Wednesday, August 5, 2015 - 10:00 Source

I came here to chew bubblegum and say no more than eighteen words ... and I'm all out of

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MacroBusiness Wednesday, August 5, 2015 - 09:53 Source

From The Australian: Genworth Mortgage Insurance Australia has urged the Abbott government to adopt the recommendations of the Financial System Inquiry, after reaffirming its full-year growth target and flagging a special dividend for shareholders as part of its interim results. In the six months to June 30, Genworth (GMA) delivered a net profit of $113.05

The post Why is APRA letting Genworth pay a special dividend? appeared first on MacroBusiness.

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MacroBusiness Wednesday, August 5, 2015 - 09:28 Source

From the AIG: The services sector expanded again in July 2015, and more strongly than in June. The seasonally-adjusted Australian Industry Group Australian Performance of Services Index (Australian PSI® ) increased by another 2.9 points to 54.1 points this month, its highest level since February 2014 (readings above 50 points indicate expansion, with the distance

The post Budget and bubble bounce PSI appeared first on MacroBusiness.

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MacroBusiness Wednesday, August 5, 2015 - 09:26 Source

By Leith van Onselen Find above an interesting video report aired on ABC’s The Business yesterday, taking a look inside China’s real estate bust, whereby years of over-building have left a huge glut of homes and commercial properties, along with falling prices, across many of China’s smaller cities. While watching the video, consider how much

The post Inside China’s property bust appeared first on MacroBusiness.

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MacroBusiness Wednesday, August 5, 2015 - 09:20 Source

From the Standard and Poors submission to Australia’s Senate Inquiry Into Infrastructure Financing And Government Expenditure: Infrastructure is a high priority for global leaders focused on promoting global economic growth, as “one of the few remaining policy levers available to support growth, given already accommodative monetary policy”. • Infrastructure investment offers the potential for a significant

The post S&P tells us to build without money appeared first on MacroBusiness.

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Cheeseburger Gothic Wednesday, August 5, 2015 - 08:53 Source

Beeso and the Doc talk Metallica for toddlers, old school music theft, their famous Twitter stalkers and classic albums from terrible bands.

It's all good.

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MacroBusiness Wednesday, August 5, 2015 - 08:47 Source

By Leith van Onselen The Australian Council of Social Service (ACOSS) has released its submission to the Government’s retirement income review, which charts a fairer path for retirement policy by calling for “structural reform of inefficient tax breaks for superannuation to improve retirement incomes for the majority while helping to fund future growing needs in

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MacroBusiness Wednesday, August 5, 2015 - 08:47 Source

By Chris Becker The appetite for risk continues to abate in the northern hemisphere summer, as traders prefer a day at the beach instead of at their screens. European and US stocks were flat and mildly off, the latter due mainly to Apple’s lacklustre performance as earnings season rolls up. No big moves in bonds

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MacroBusiness Wednesday, August 5, 2015 - 08:02 Source

By Leith van Onselen In news that is sure to embarrass Treasurer Joe Hockey, the Parliamentary Budget Office (PBO) – a body set up in 2012 to provide independent and non-partisan analysis of budget matters – has found that limiting negative gearing to new builds and cutting the capital gains tax (CGT) discount would save

The post Cut property investor concessions to save Budget $9b appeared first on MacroBusiness.

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