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Oz Blog News Commentary
Friday, April 24, 2015 - 00:15 Source

The number of Australians living in entrenched disadvantage is a disgrace and without a radical policy shake-up Australia will never reduce this number or the cost to taxpayers, CEDA Chief Executive Professor the Hon. Stephen Martin has said….Professor Martin said the past 20 years had essentially been a massive failure by successive governments to address entrenched disadvantage and policies have been economically short-sighted…..“We need to tear up the rule book and have a radical overhaul of how we tackle entrenched poverty.

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MacroBusiness Friday, April 24, 2015 - 00:05 Source

The Brent oil price surged last night on little extra Yemen bombing but not much else to $64.80. Basically the price is going up now because it’s going up, in anticipation of the looming shale peak: Where it stops is anybody’s guess but I still see a reversion to $60 when the rally flames out.

The post Daily LNG price update (surge) appeared first on MacroBusiness.

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MacroBusiness Friday, April 24, 2015 - 00:04 Source

Cross-posted from Investing in Chinese Stocks. The pre-2008 AIG business model of guaranteeing lots of debt for small upfront premiums is still undergoing a full on collapse in China. Recently the Economic Observer covered the troubles in the steel industry, which are rapidly piling up short-term debt. Although not specifically about Hebei, the province has

The post Inside the Hebei credit collapse appeared first on MacroBusiness.

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Thursday, April 23, 2015 - 20:10 Source

                It’s with pleasure I introduce this week’s Health Wrap from my colleague Megan Howe, who recently joined the Sax Institute as Publications Manager. Megan knows more than a thing or two about...

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Thursday, April 23, 2015 - 18:35 Source

We're told Australia's contribution to global warning is minimal. A report out today proves that's a dangerous lie.

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Thursday, April 23, 2015 - 17:33 Source

The annual gesture is intended to remind Australians about a war many don't realise took place.

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Popular Science Thursday, April 23, 2015 - 16:37 Source

The PLZ-45 is the artillery workhorse of the Saudi Army, it can a range of nearly 40km and can fire American and Chinese made smart munitions guided by lasers and satellite navigation, as well as cluster munitions.

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Popular Science Thursday, April 23, 2015 - 16:37 Source

In the wee hours of June 6th, 2014, two men lined up to summon a taxi. One was a 42-year-old father of three named Lee Dent, who ran a used tire shop and had been out drinking. The other was 17-year-old youth soccer player Alex Peguero Sosa, who was planning to attend university. An altercation ensued, a bottle broken, and at the end of it, Peguero Sosa was dead, stabbed in the neck by the broken bottle.

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Popular Science Thursday, April 23, 2015 - 16:37 Source

Bats in North America have a real problem. It's a fungus called Pseudogymnoascus destructans although it's more commonly known by the disease it causes, white-nose syndrome. Millions of bats have died over the last decade leaving the National Wildlife Health Center no option but to consider this disease an ecological threat.

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Popular Science Thursday, April 23, 2015 - 16:36 Source

In the Northern Hemisphere, spring has sprung, and as those folks begin to shed their fur...sorry, I mean, start spring cleaning, you might be wondering where all this dust came from. If you live in the United States, science may have an answer.

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Popular Science Thursday, April 23, 2015 - 16:36 Source

If you're wondering what the biggest structure in the universe is, astronomers have said it's nothing, really.

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Popular Science Thursday, April 23, 2015 - 16:36 Source

Whatever comes out the back-end of the V-22 Osprey is a guaranteed load of unpleasantness, whether it's a troop of Marines or a Jeep-like Phantom Badger. As a tiltrotor, the V-22 can take-off and land vertically like a helicopter, then switch to flying fast like a plane in mid-air. That versatility makes the V-22 an excellent transport, but now the Marines want it to work as a gunship too--by firing weapons from its rear unloading ramp.

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Popular Science Thursday, April 23, 2015 - 16:36 Source

T. rex has its big head and tiny arms, triceratops has horns, and brontosaurus (yes, brontosaurus) has its super long neck. The stegosaurus, on the other hand, has a tiny brain and the equivalent of a set of China plates set in long lines running down its back.

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Popular Science Thursday, April 23, 2015 - 16:36 Source

Humanoid robots like Star Trek's data have long been the stuff of science-fiction, but if Hanson Robotics's latest foray into a person-like artificial being is any indication, that day may be...well, still pretty far off.

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Popular Science Thursday, April 23, 2015 - 16:36 Source

Aside from its monumental rocket landing attempt, last week's SpaceX launch made headlines for another reason: It jettisoned an espresso machine into space for the first time ever. Called the ISSpresso, the coffee maker is about the size of a microwave, and all it needs is a pouch of water and a capsule of espresso to make a great pick-me-up for sleepy astronauts.

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Popular Science Thursday, April 23, 2015 - 16:36 Source

To protect this year's Boston Marathon runners and spectators from drone-borne threats, a Washington, D.C.-based company patrolled the event with drone-detecting sensors and net guns.

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Popular Science Thursday, April 23, 2015 - 16:36 Source

It used to be the case that if you wanted to reach out and touch someone, you had to use your hands. But thanks to scientists in the U.K., you might some day be able to use technology--and no, we're not talking the telephone--to transmit the emotions you experience to someone else via touch.

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Popular Science Thursday, April 23, 2015 - 16:36 Source

At first glance it looks like a rogue jet ski speeding through the water, rider nowhere to be found. Al Seer Marine's Hydra unmanned surface vessel (or sea drone) is a small craft, made for patrolling harbors or protecting mega-yachts. In March, it underwent its first sea trials at the United Arab Emirates International Defense Expo. Now the video of those trials is online, and we can see just what a robot boat looks like when it's showing off. Watch it do donuts on the surface of the sea below:

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MacroBusiness Thursday, April 23, 2015 - 16:23 Source

Stan Shamu for Chris Weston, Chief Market Strategist at IG Markets Iron ore comeback This week we’ve seen some key markets in the region hit fresh cycle highs and investors will continue to assess whether the risk posed by emerging markets is worth the reward. US and European equities have been seeing some choppy trade

The post ASX at the close appeared first on MacroBusiness.

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Renew Economy Thursday, April 23, 2015 - 15:18 Source

Abbott appears to have already blown its carbon budget, selling emissions abatement in first round of auctions at price that would make it impossible to meet even Australia's modest 5 per cent cut in emissions by 2020.

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Renew Economy Thursday, April 23, 2015 - 15:11 Source

Fossil fuel companies should be factoring in the risk of a climate change-driven 'black swan event' – such as the sudden and complete transformation of the global energy market, or a decision to cap global emissions – as part of their basic business strategy, a new report has found.

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Renew Economy Thursday, April 23, 2015 - 15:09 Source

Peugeot has become the latest company to use Spain's Gemasolar concentrating solar thermal plant as the backdrop to an advertising campaign.

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Renew Economy Thursday, April 23, 2015 - 15:07 Source

Have we gone mad? 2°C of warming will bring catastrophic and irreversible consequences. We should not take risks with the climate that we would not take with civil infrastructure.

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Thursday, April 23, 2015 - 14:42 Source

After a lacklustre start to opposition there are some encouraging sings for Labor. The electorate is pushing more progressive policies on the party.

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MacroBusiness Thursday, April 23, 2015 - 13:49 Source

From COMMSEC: Since peaking in December 2014 the number of unemployment beneficiaries has fallen from 431,469 to 406,417 in seasonally adjusted terms. Interestingly other data, paint a similar picture. Internet and newspaper job advertisements across Australia have lifted for nine out of the last ten months, up by almost 7 per cent on a year

The post Dole queue shortens for all but the kids appeared first on MacroBusiness.

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Prosper Australia Thursday, April 23, 2015 - 13:36 Source

The South Australian government is undertaking a tax review to boost state competitiveness and economic efficiency. Their main focus is considering abolishing conveyencing Stamp Duty and funding this by removing exemptions from the existing State Land Tax. Prosper Australia has made a submission to the review, energetically endorsing the government’s proposed reforms. We say: Stamp […]

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Prosper Australia Thursday, April 23, 2015 - 13:36 Source

The South Australian government is undertaking a tax review to boost state competitiveness and economic efficiency. Their main focus is considering abolishing conveyencing Stamp Duty and funding this by removing exemptions from the existing State Land Tax. Prosper Australia has made a submission to the review, energetically endorsing the government’s proposed reforms. We say: Stamp […]

Read more Views: 434
MacroBusiness Thursday, April 23, 2015 - 13:16 Source

By Leith van Onselen Core Logic-RP Data’s Capital Markets Report for 2015, released today, contains a tacit warning to Australia’s army of negatively geared property investors, who are gearing up into interest-only mortgages at a time when rental growth is plummeting: Over the 12 months to January 2015, weekly rental rates have increased by just

The post A fresh warning for property specufestors appeared first on MacroBusiness.

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Thursday, April 23, 2015 - 13:13 Source

Whatever its ratings, Deadline Gallipoli surpassed all rival Great War dramatisations — apart from Beneath Hill 60 — and prevailed, on screen, as retrieved history like no other.

It recounts how the correspondents Charles Bean, Ellis Ashmead-Bartlett, Phillip Schuler and Keith Murdoch experienced that campaign, and how army censorship, and the demented commanding general, Sir Ian Hamilton, stopped them reporting how it was; and how, in their various ways, they got around this, and saved a lot of lives, after watching tens of thousands die in vain.

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Prosper Australia Thursday, April 23, 2015 - 12:45 Source

by Lindsay David If I were an Australian central banker, politician, bank economist, or even a negatively geared property investor, I’d be telling you Australia has a chronic housing shortage, which is responsible for our sky-high housing prices. But as an independent macro researcher, the data tells me otherwise. The best method to determine whether […]

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