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Popular Science Monday, April 20, 2015 - 09:16 Source

Clams are threatened by predators who love seeing them served up on a plate drenched in butter and garlic, nestled in folds of fresh pasta--or splattered on a dock, if you happen to be a seagull. But a much more insidious threat to clams has emerged, in the form of cancer cells floating through the ocean.

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MacroBusiness Monday, April 20, 2015 - 08:55 Source

By Leith van Onselen Treasure Joe Hockey appeared on ABC’s Insiders yesterday and played-down the prospect of the Budget returning to surplus: JOE HOCKEY: We have consistently said Barrie that we want to have structural reform that helps to deliver a surplus as soon as possible… BARRIE CASSIDY: But in the budget itself, will you

The post There will be no return to surplus, Mr Hockey appeared first on MacroBusiness.

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Monday, April 20, 2015 - 08:33 Source

(From Doug Quixote)

The glories of the spoken word may be delivered by fictional characters and they may be delivered by historical figures. The speeches may themselves be equally fictional in content; a speech delivered by a historical figure may even be more fictional, designed to encourage those who are disheartened.

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MacroBusiness Monday, April 20, 2015 - 08:04 Source

By Leith van Onselen In last year’s member’s report on Perth property, released in July, I warned that risks were building fast and that the market faced a repeat of the mid-1970s experience, whereby dwelling values retreated by 30% in real terms over an eight-year period: Risks continue to build for the Western Australian economy,

The post Get out of Perth housing now appeared first on MacroBusiness.

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Monday, April 20, 2015 - 07:43 Source

‘It serves them right,’ said Julie Bishop of six hundred refugees who drowned off Libya last night. ‘They should have stayed at home, and died in massacres there, and enjoyed therefore, maybe, an extra year of life.’

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MacroBusiness Monday, April 20, 2015 - 00:20 Source

It appears Colin Barnett’s ineptitude is to be rewarded, from the ABC: Treasurer Joe Hockey has given a strong indication that the formula for dividing GST revenue amongst the states will be changed. …”Clearly it is unfair to have one state receiving less than one-third of the GST paid by its citizens,” he said. “Its

The post Barnett bailout the new model for economic reform appeared first on MacroBusiness.

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MacroBusiness Monday, April 20, 2015 - 00:19 Source

The national auction clearance rate remains stuck in the stratosphere, driven again by super strong demand in Sydney and Melbourne. The preliminary national clearance rate was 79.2%, up marginally from the weekend before Easter (79.0%), with clearance rates still running at their strongest level in six years in trend terms, from RP Data: Sydney’s clearance

The post Auction clearances remain fully mental appeared first on MacroBusiness.

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MacroBusiness Monday, April 20, 2015 - 00:18 Source

Click to view Core Logic-RP Data’s latest weekly housing market update, which provides a useful snapshot of the housing market as at 19 April 2015. This week’s report includes: Latest weekly dwelling value results; Auction results & clearance rates; Latest median house & unit prices; Average time on market & vendor discounts; Mortgage market activity;

The post RP Data weekly housing market update appeared first on MacroBusiness.

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MacroBusiness Monday, April 20, 2015 - 00:17 Source

Westpac has released its superb consumer Red Book and it does not make very good reading. ― The Westpac–Melbourne Institute Consumer Sentiment Index recorded a mildly disappointing 3.2% decline in Apr taking the index to 96.2 from 99.5 in Mar. ― While modest, the decline takes sentiment from around the ‘neutral’ 100 level to a

The post Red Book illustrates vulnerable consumer appeared first on MacroBusiness.

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MacroBusiness Monday, April 20, 2015 - 00:16 Source

After several weeks of curve steepening, the Australian bond curve is once again flattening, broadly thought to be indicative of weakening growth. Short and long yields have been rising but the short end more so as doubts grow around a May rate cut: The to 2/5 year slope is now just 11bps, only 2 points from

The post Australian bonds are cheap appeared first on MacroBusiness.

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Monday, April 20, 2015 - 00:16 Source

On 30 March 2015 the Australian Treasurer Joe Hockey released a tax reform discussion paper titled Re:think, which is supposed to mark the start of a conversation about how we bring a tax system built before the 1950s into the new century.Presumably this is to be a step towards the 'lower, simpler, fairer' revenue raising system Prime Minister Tony Abbott was banging on about during the 2013 election campaign.The problem for the Abbott Government is that the propaganda power behind Abbott's 'throne', the ubiquitous far-right think tank pressure group the Institute of Public Affairs (IPA), is increasin

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Monday, April 20, 2015 - 00:15 Source

Main stream media is currently in self-congratulatory mode. The Daily Examiner 14 April 2015:Who had the power to help reduce street violence by 40% in Australia's biggest city? Who made Queensland's Government aware of the need to protect local jobs and forced them to backtrack on allowing 100% fly-in, fly-out workforces? And who is on the cusp of significant changes to domestic violence legislation that will better protect women?The answer?

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MacroBusiness Monday, April 20, 2015 - 00:10 Source

From Barry Fitzgerald over the weekend: [Andrew] Forrest has drafted in veteran communications specialist John Hurst in the Sydney office of Cannings Corporate Communications to help “shine some light on the debate in the eastern states’’. But the drafting of Hurst does point to Forrest’s intent to make sure his complaints against the Rio and

The post Fortescue versus the Banana Republic appeared first on MacroBusiness.

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MacroBusiness Monday, April 20, 2015 - 00:07 Source

Here are the iron ore charts for April 17, 2015:    Spot was firm, following paper with Tianjin benchmark up 70 cents to $50.70. Dalian closed up 1 point but fell 3 points to 392 overnight. Rebar has loosened again and port stocks fell a lousy 200k on the week. Texture from Reuters: “Those mills

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

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MacroBusiness Monday, April 20, 2015 - 00:06 Source

The Brent oil price rose marginally Friday night to $63.89. The main support to prices was another decent fall in the US rig count, down 34 to 954: The indicative LNG contract price rose to $9.33mmBtu: In news, GLNG is on track to add to the glut in Q3: Santos of Australia said that its

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

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MacroBusiness Monday, April 20, 2015 - 00:05 Source

Cross-posted from Investing in Chinese Stocks. Another article, this time from China Finance Online (CNFOL), argues that property price increases will fade in the coming weeks. Developers remain skeptical of a major rebound, with many seeing govt intervention as helpful, but unable to reverse a market that has, in their view, permanently shifted, iFeng: 楼市一大信号证明房价不会大涨

The post China BTFD appeared first on MacroBusiness.

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MacroBusiness Monday, April 20, 2015 - 00:03 Source

China’s March new home price data for March is out and is still falling at a good clip but the second derivative has improved. The annual fall is now down to 6.1%: But the pace of monthly falls has slowed a lot: We are at least now back into a rate of decline similar to past

The post China house price falls slow, slashes RRR appeared first on MacroBusiness.

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MacroBusiness Monday, April 20, 2015 - 00:02 Source

Markets appeared to take fright at US inflation Friday night but for no obvious reason. Headline CPI is above the Fed’s target but has been for months. More significant are the analytical measures, from the Cleveland Fed (chart from Calculated Risk): According to the Federal Reserve Bank of Cleveland, the median Consumer Price Index rose 0.2%

The post US inflation remains soft appeared first on MacroBusiness.

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MacroBusiness Monday, April 20, 2015 - 00:01 Source

Global Macro / Markets / Investing: World Bank Projects Leave Trail of Misery Around Globe – Huffington Post How To Think Like A Trader – Kirk Report Explaining the dearth of private investment – VOX Not All Macro Models Failed to Predict the Crisis – multiplier-effect.org North America: Declining Desire to Work and Downward Trends

The post Links 20 April 2015 appeared first on MacroBusiness.

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Sunday, April 19, 2015 - 21:21 Source

This post compiles some reaction to the Federal Government’s recent announcement of the successful tenders for 28 of the 31 Primary Health Networks (more details here; map of boundaries here - or see the list at the bottom of this post). The PHNs...

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The Political Sword Sunday, April 19, 2015 - 18:30 Source

To be in public life you need to have a sense of self-belief. How else would you cope with those that feel they can criticise your actions, private life, as well as decisions you have made in the past? ‘Stars’ such as elite sports professionals, actors, performers and so on can demonstrate that they excel in their field of endeavour. While you personally may not like how people like Michael Clarke or David Bowie perform their job, there are plenty of people that do — and they are entitled to their opinion. ‘Stars’ also usually keep their public pronouncements to areas where they have demonstrated expertise and considerable knowledge.

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The Political Sword Sunday, April 19, 2015 - 18:30 Source

To be in public life you need to have a sense of self-belief. How else would you cope with those that feel they can criticise your actions, private life, as well as decisions you have made in the past? ‘Stars’ such as elite sports professionals, actors, performers and so on can demonstrate that they excel in their field of endeavour. While you personally may not like how people like Michael Clarke or David Bowie perform their job, there are plenty of people that do — and they are entitled to their opinion. ‘Stars’ also usually keep their public pronouncements to areas where they have demonstrated expertise and considerable knowledge.

Read more Views: 804
Sunday, April 19, 2015 - 18:15 Source

Science broadcaster Karl Kruszelnicki has expressed “deep regret” over his role in promoting the Federal Government’s Intergenerational Report, citing its inadequate attention to climate change. However, this photo taken just a few days ago in...

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Sunday, April 19, 2015 - 18:01 Source

And you thought Woolworths’ exploitation of Anzac Day was bad. Wait till you see what News Corporation did over the weekend. Chris Graham explains.

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Sunday, April 19, 2015 - 17:42 Source

The recent NSW election has put the spotlight on the State Government’s prioritising of vested interests ahead of public health, according to Jude Page, NSW branch president of the PHAA. The health impacts of polluting motorways, coal mine...

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The Australian Independent Media Network Sunday, April 19, 2015 - 16:29 Source

While their philosophy remains to cut spending and lower taxes, the Abbott government are unlikely to produce an equitable budget.

As John Daley of the Grattan Institute put it,

“If you try to fix on the spending side, you only hit the bottom half. If you fix on the tax side you more or less hit the top half.”

Abbott and Hockey recently attracted the ire of the business community for scrapping the planned cut to company tax.

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Sunday, April 19, 2015 - 11:35 Source

Whether it's asylum seeker issues or the closure of remote Aboriginal communities, people of conscience must keep protesting, writes Minto Felix.

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The Australian Independent Media Network Sunday, April 19, 2015 - 11:17 Source

Why did I choose Robert Mapplethorpe as the subject for this essay? On my library shelves sits a book titled “ Image of the Body “( Michael Gill ) and its cover is adorned with a photograph by Mapplethorpe entitled. “ Ken and Lydia and Tyler 1985 “The work is of a group of three people. A white female one black and one white male. I have always been absorbed by this photograph.( above left.)

Note. Quotations in italics are by the artist.

Robert Mapplethorpe was born in November 1949 of English and Irish parentage in Floral Park, New York a suburb of Long Island and grew up a Roman Catholic.

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Sunday, April 19, 2015 - 11:10 Source

Standing up to racism is important, but the message also needs to be thought through carefully, writes Sanmati Verma. 

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Sunday, April 19, 2015 - 09:39 Source

My wife deserves the Nobel Prize for this. Thirty years ago, she worked out how to do it.

You point a hair-dryer at your throat, and blow hot air at it, your larynx, your tonsils, for four minutes. Hold it close, so the heat in play is on the borderline of pain.

This fries all the cold germs. They rage, curse, they struggle, and then they die.

You do this again four hours later, and four hours after that, and four hours after that.

Supplement, if you are inclined to, with ecchinacea, which helps.

By the following morning, the cold will be gone.

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