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MacroBusiness Thursday, March 12, 2015 - 14:41 Source

By Martin North, cross-posted from the Digital Finance Analytics Blog Using data from our household surveys, we have updated our household finance confidence index to end February. We compare the confidence of households now, compared with 12 months ago. The overall index, which is still below a neutral setting, fell slightly again in the month,  […]

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Renew Economy Thursday, March 12, 2015 - 14:34 Source

Queensland Labor's approval of Indian miners' controversial plans to exploit Galilee Basin coal deposit flies in face of analyst warnings, green concerns.

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WixxyLeaks Thursday, March 12, 2015 - 14:32 Source

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With the NSW election only a couple of short weeks away and pre-poll voting kicking off on Monday it has become clear that the selling off of the NSW electricity network is the hot issue.

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MacroBusiness Thursday, March 12, 2015 - 14:19 Source

By Leith van Onselen The Australian Bureau of Statistics (ABS) today released data on the number of industrial disputes, which showed a clear moderation in industrial unrest (see below table). According to the ABS: There were 16,900 working days lost due to industrial disputation in December quarter 2014, a decrease from 24,600 in September quarter […]

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Renew Economy Thursday, March 12, 2015 - 14:11 Source

Enphase says battery storage already at parity in certain Australian markets, as it announces tie up with Energy Australia, and completes its largest Australian installation.

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Renew Economy Thursday, March 12, 2015 - 13:54 Source

The European Union continues to march toward its renewable energy goals for 2020, but some countries aren’t content to wait until then to meet their targets.

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Renew Economy Thursday, March 12, 2015 - 13:53 Source

Carnegie Wave Energy's third and final CETO 5 unit is installed and operational at its world-first, grid-connected Perth wave energy project.

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The Australian Independent Media Network Thursday, March 12, 2015 - 13:47 Source

For those who want to express their displeasure with the direction this government is taking us, March in March is happening again on the weekend of 21/22 March.

This is especially important in NSW with the state election the following weekend.  The following is from the organisers of the Sydney March.

***AHEAD OF THE NSW STATE ELECTION, SYDNEY WILL MARCH IN MARCH AGAIN! SUNDAY 22nd CBD 1PM***

The people have spoken but the fight is far from over!

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The Tally Room Thursday, March 12, 2015 - 13:00 Source

Wallsend1-2PPWallsend is a Labor seat in the western suburbs of Newcastle, including Cardiff Heights, Rankin Park, New Lambton, Callaghan, Jesmond, Shortland, Wallsend, Maryland and Elermore Vale.

Labor MP Sonia Hornery has held Wallsend since 2007, and holds the seat by a 6.3% margin.

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MacroBusiness Thursday, March 12, 2015 - 12:58 Source

By Leith van Onselen Professor Paul Krugman won the nobel prize in economics in 2008 for his 1979 paper proposing a new trade model that changed the way economists view the international exchange of goods. Given Krugman’s expertise in trade policy, it is telling that he is also a strong opponent of the Trans-Pacific Partnership (TPP) […]

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MacroBusiness Thursday, March 12, 2015 - 12:50 Source

The post Unemployment: Population ponzi hits home appeared first on MacroBusiness.

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Renew Economy Thursday, March 12, 2015 - 12:03 Source

German renewable energy lobby organization AEE has published another meta-study, reviewing the wide range of scientific investigations into power storage.

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Renew Economy Thursday, March 12, 2015 - 12:02 Source

Commercial solar database aims to shift Australian focus from residential rooftops to untapped gigawatts of business installations.

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North Coast Voices Thursday, March 12, 2015 - 11:49 Source

Gasfield Free Northern Rivers Media Release, 11 March 2015:Northern Rivers under even greater threat of invasive gasfields.                    Today’s announcement that AJ Lucas has bought PEL 445, shows that they have set their sights firmly on the Northern Rivers for gas exploration. AJ Lucas is the biggest drilling company in Australia, they own seventy seven drill rigs, and have the capacity and resources to commence exploration drilling operations as soon as necessary approvals are in place. Ian Gaillard, Spokesperson for Gasfield Free Northern Rivers said "Our region is now threatened more than ever with Queensland drillers probably

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MacroBusiness Thursday, March 12, 2015 - 11:37 Source

The ABS has released the labour force survey for February, which revealed a slight 0.1% seasonally adjusted fall in the unemployment rate to 6.3%, with the trend rate unchanged at 6.3% (see below table). Employment increased a seasonally adjusted 15,600 to 11,652,400, with full-time employment increasing by 10,300 to 8,062,000 and part-time employment increasing 5,300 […]

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Thursday, March 12, 2015 - 11:01 Source

Claire is banned for life. She said Germaine ‘had nothing more to contribute.’

She is banned because she has breached the Table Talk rule of not criticising what she has not read, or seen.

Anyone who has witnessed any of Germaine’s one-woman shows in Town Halls, a lecture followed by questions from the audience, in which she shows herself to be the best such public intellectual performer since George Bernard Shaw, would agree that she adds more new thoughts to the world, every minute or so, than any other thinker, probably, now living.

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The Tally Room Thursday, March 12, 2015 - 11:00 Source

Auburn1-2PPAuburn is a Labor seat in western Sydney, covering Auburn, Berala, Lidcombe, Rookwood, Regents Park, Silverwater and South Granville.

Auburn has been held by Labor MP Barbara Perry since 2001. Perry is stepping down in 2015, and Auburn should be won easily by Labor’s new leader Luke Foley, who has been a member of the Legislative Council since 2010.

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The Australian Independent Media Network Thursday, March 12, 2015 - 10:58 Source

Is Malcolm Turnbull deliberately waging a subtle campaign to undermine Tony Abbott? If one takes a closer look at some of his recent comments, one might detect just a hint of something along those lines.

While Turnbull continues to support the PM publicly, astute observers might wonder if we are witnessing a covert scheme to undermine Abbott’s authority.

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MacroBusiness Thursday, March 12, 2015 - 10:53 Source

By Leith van Onselen The noose is tightening on foreigners laundering money into Australian property, with the Australian Crime Commission (ACC) questioning real estate agents in expensive Melbourne eastern suburb locations, which are known to be hotspots for overseas buyers. From The AFR: “They’re concerned about how they’re moving the money into Australia, and they […]

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The Melbourne Urbanist Thursday, March 12, 2015 - 10:25 Source

F1 Grand Prix: what do you get for $60-$70 million?

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Thursday, March 12, 2015 - 10:20 Source

Andrew Bolt, a Liberal voter, said Abbott’s call for the removal of small communities who had been for thirty thousand years at the same address in Western Australia wasn’t ‘racist’. Nobody said it was, of course, merely tactless, or, in Noel Pearson’s adjective, ‘deranged’.

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MacroBusiness Thursday, March 12, 2015 - 10:04 Source

By Leith van Onselen Australian Competition and Consumer Commission (ACCC) head, Rod Sims, has warned that the spate of asset privatisations being undertaken across the country risks lessening competition in key markets, harming consumers and stifling the economy’s productivity. From The Australian: Mr Sims… said he believed recent privatisations of government assets had focused too […]

The post ACCC warns on privatisation’s competition risks appeared first on MacroBusiness.

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MacroBusiness Thursday, March 12, 2015 - 09:22 Source

From Westpac: The RBNZ’s Monetary Policy Statement this morning kept the OCR unchanged at 3.50% as expected, affirmed its on-hold stance, issued a slightly positive assessment in the media release, and lowered its interest rate forecast for March 2017 by 70bp. Prior to the statement, markets had priced in a drop in the rates track […]

The post RBNZ holds rates, lowers forward guidance appeared first on MacroBusiness.

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The Tally Room Thursday, March 12, 2015 - 09:15 Source

Lakemba1-2PPLakemba is a Labor seat in south-western Sydney, covering Chullora, Greenacre, Lakemba, Mount Lewis, Punchbowl, Roselands and Wiley Park.

Labor’s Robert Furolo has held Lakemba since a 2008 by-election, after Morris Iemma resigned from the seat. Labor holds Lakemba by a 7.3% margin.

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MacroBusiness Thursday, March 12, 2015 - 09:13 Source

The post Big job losses coming in LNG appeared first on MacroBusiness.

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Thursday, March 12, 2015 - 09:09 Source

There is only one way of describing what Abbott and Barnett propose to do with the remote Aboriginal communities of Western Australia.

Ethnic cleansing.

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MacroBusiness Thursday, March 12, 2015 - 08:35 Source

The post Charting Australia’s monstrous investor bubble appeared first on MacroBusiness.

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The Australian Independent Media Network Thursday, March 12, 2015 - 07:31 Source

Paul Dellit has written some excellent political articles for The AIMN, so it came as some surprise that he is better known for his screenplay writing. Thomas Keneally, in a recent review of one of Paul’s screenplays I wrote: “I liked your screenplay and plot very much” and went on to describe it as “a very interesting and well-wrought script”. This particular screenplay – a spy thriller set in 1992 involving a MI5 mission directed at uncovering the source of stolen Russian radioactive material – has been turned into a novella (with input from Mr Keneally) and prior to publishing in hard copy has been offered to The AIMN.

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MacroBusiness Thursday, March 12, 2015 - 03:51 Source

From The Australian: “The reported growth rates are backward looking, whereas we are focused on lenders’ plans for 2015,” he told The Australian on the sidelines of a Centre for International Finance and Regulation event in Sydney. “In many cases, people are drawing down on loans where the approval may have been granted before our […]

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MacroBusiness Thursday, March 12, 2015 - 03:47 Source

The post Hockey’s faux housing affordability concern appeared first on MacroBusiness.

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