Blogotariat

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Renew Economy Thursday, September 24, 2015 - 11:30 Source

A ban on single-use polystyrene foam food and beverage containers came into effect in New York City in July. Maybe it should happen here too.

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MacroBusiness Thursday, September 24, 2015 - 11:17 Source

Just to keep you in the loop, the CBA CDS price rose yesterday to 83.50bps close to but not through the year’s high: Credit default swaps (CDS) prices are the cost to insure underlying 5 year bonds and reflect the spread to swap.

The post Australian bank funding costs simmer appeared first on MacroBusiness.

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Drag0nista's Blog Thursday, September 24, 2015 - 11:10 Source

Will the Liberal Party under Malcolm Turnbull really be more progressive? The recorded views of cabinet ministers may speak for themselves.

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MacroBusiness Thursday, September 24, 2015 - 11:00 Source

For those that fear climate science is a religion, well, now it is. From the FT: Pope Francis has used his first visit to the US to push for action on climate change by backing President Barack Obama’s move to impose strict controls on carbon emissions in the power sector. “Climate change is a problem

The post Pope backs climate change mitigation appeared first on MacroBusiness.

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MacroBusiness Thursday, September 24, 2015 - 10:44 Source

by Chris Becker Another blow to the adherents of Ricardo’s theory of comparative advantage, or that the macroeconomy of Germany is one to be emulated, is the huge fallout from the Volkswagen emissions scandal. Unlike the hand wringing and concern over the Greek debt crisis, this might have more of an impact, due to the

The post A German lesson in economic fragility appeared first on MacroBusiness.

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Delimiter Thursday, September 24, 2015 - 10:39 Source

Labor has fired the first shot at Malcolm Turnbull in what looks set to become a war beterrn the major parties on who can develop the best innovation policy, announcing it will extend the HELP system to allow university students to take 12 months after their degree to launch their own startup.

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Delimiter Thursday, September 24, 2015 - 10:39 Source

Labor has fired the first shot at Malcolm Turnbull in what looks set to become a war beterrn the major parties on who can develop the best innovation policy, announcing it will extend the HELP system to allow university students to take 12 months after their degree to launch their own startup.

Read more Views: 349
Renew Economy Thursday, September 24, 2015 - 10:30 Source

New Zealand-based industrial design agency's AguaPallet helps natural disaster survivors access clean water, move equipment and provide basic shelter.

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Renew Economy Thursday, September 24, 2015 - 10:22 Source

A recent survey conducted among the German public finds continuing support for the Energiewende.

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Cheeseburger Gothic Thursday, September 24, 2015 - 10:14 Source

Further to my review of Ghost Fleet a while back, I came across this interesting note on Motherboard.

Last year, the Naval Academy made two distinct changes in how it operates-one that"s a natural progression in cyberwarfare, the other a clear response to how thoroughly we rely on that technology.

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MacroBusiness Thursday, September 24, 2015 - 10:09 Source

From the AFR comes Treasury Secretary John Fraser: Fraser is treading cautiously and is self-deprecating about his role, yet associates say he’s already been quite rigorous in stamping his authority on the Treasury. Colleagues say he is tough, focused and demanding. “He doesn’t suffer fools,” one official says. “He can be pretty brutal with what

The post John Fraser is a prick appeared first on MacroBusiness.

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Renew Economy Thursday, September 24, 2015 - 10:01 Source

World's largest provider of data center services signs five-year PPA with SunEdison for majority of energy from the company's 150 MW Imperial Valley solar farm.

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MacroBusiness Thursday, September 24, 2015 - 09:49 Source

From the ASX today: Evy Hambro was a big fan of the miners returning capital, that is, viewed them as a yield play. Since 2011 the stock has lost 54% while offering perhaps 15% in dividends. Better late than never!

The post Blackrock dumps BHP appeared first on MacroBusiness.

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The Australian Independent Media Network Thursday, September 24, 2015 - 09:45 Source

Scott Morrison has said he wants to hear from anyone with ideas on how to cut government spending.

Here’s a few.

Fossil fuel subsidies

The OECD said its 34 members plus six of the biggest emerging economies – China, India, Brazil, Indonesia, Russia and South Africa – were spending up to $200bn a year supporting the consumption and production of coal, oil and gas.

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MacroBusiness Thursday, September 24, 2015 - 08:56 Source

From the Old Dog today: Be careful what you wish for. Right now, among many things, young Australians are wishing for lower dwelling prices and bank regulators are wishing for banks to cut back on home mortgages to investors and increase their capital ratios. …Suddenly we are finding that builders in our capital cities, but particularly

The post Gotti warns on falling house prices appeared first on MacroBusiness.

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Thursday, September 24, 2015 - 08:49 Source

In a nine-day wave of self-destruction Abbott, Hockey, Andrews, Billson, Brough and Credlin killed off their place in history, Morrison proved to be a gibbering oaf and Dutton, chief sponsor of a corrupt south seas dictatorship and a company presently concealing child rape, was isolated from Cabinet pending police probes into his criminality, and this is the casualty list (some might call it the honour roll) of the three day old Turnbull government, thus far.

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The Australian Independent Media Network Thursday, September 24, 2015 - 08:48 Source

“May You Live In Interesting Times” = Chinese Curse.

“As they craft their new economic narrative, Prime Minister Malcolm Turnbull and Treasurer Scott Morrison must reframe the national conversation about debt.

“To listen to the conservative right, government should never spend a penny more than it raises – and it should raise a lot less at that.

“To listen to the loony left, government debt is simply an investment in our future, and anyway, our debt levels are much smaller than in other countries.

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The Melbourne Urbanist Thursday, September 24, 2015 - 08:26 Source

Recap: all the topics discussed by The Urbanist last month Including peak car, infrastructure evaluation, apartment standards, cycling safety, architecture, public transport in the 50s, cars in the 70s, liveable cities, planning new suburbs, and health and public transport

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MacroBusiness Thursday, September 24, 2015 - 07:43 Source

By Chris Becker A relatively smooth session on equity markets after the torrid previous session due to the Volkswagen fallout and on the back of the removal of the China put, as Xi Jinping negates all hope of stimulus in a series of speeches during his visit to the United States. Oil fell substantially as the

The post Macro Morning (dead cat buried) appeared first on MacroBusiness.

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The Australian Independent Media Network Thursday, September 24, 2015 - 07:37 Source

Watching Scott Morrison’s interview with Leigh Sales, on 7.30 Wednesday night I was hoping to hear something…anything that indicated that he possessed a better grasp of the economy than his predecessor. Sadly, all I heard was a lot of waffle, a collection of weasel words, the usual spin and a refusal to look at what is 50% of a balanced economy, i.e. revenues.

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MacroBusiness Thursday, September 24, 2015 - 06:53 Source

Undoubtedly the biggest asset that Australians aspire to and acquire is property, either owning your home and/or investing in residential property. This has been the most risk free investment in the last 30 years as the traditional Anglo-Saxon cultural bias towards owning one’s home has been deliberately transformed into an enormous edifice of greed and

The post Special Report: How to profit from a house price crash appeared first on MacroBusiness.

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MacroBusiness Thursday, September 24, 2015 - 06:23 Source

From the AFR: ABN Group managing director Dale Alcock. “The demand will be there over the long term, but we’ve got a little bit of pain to get through in the interim…The next two years in WA there will not be an increase in lot pricing,” Mr Alcock said…The same is true for housing prices on

The post WA developers smile at doom appeared first on MacroBusiness.

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MacroBusiness Thursday, September 24, 2015 - 06:22 Source

Australia’s freshly minted emerging market (EM) economy powered downwards again last night with the South Pacific Peso taking a bullet back to the 60s (currently at 69.98): Against developed market economies we are now universally deflating as the world cottons onto the Straya is toast meme! As I say, keep loading shorts on the rebounds.

The post Australian dollar crashes into 60s as EMs tank appeared first on MacroBusiness.

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Renew Economy Thursday, September 24, 2015 - 06:02 Source

Nine US corporate giants - including Walmart, Goldman Sachs, Johnson & Johnson, NIKE, Procter & Gamble, and pledged to source 100% of their electricity from renewable energy.

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MacroBusiness Thursday, September 24, 2015 - 05:20 Source

From Peter Hartcher: The man whose job it was to “stop the boats” has developed a new three-word mantra to guide his work as Treasurer – his task is to help Australians to “work, save, invest”. …”People can work more and be better off, save better and put themselves in a stronger position, and invest

The post Morrison engulfed by bubble of dumb appeared first on MacroBusiness.

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MacroBusiness Thursday, September 24, 2015 - 05:20 Source

From Peter Hartcher: The man whose job it was to “stop the boats” has developed a new three-word mantra to guide his work as Treasurer – his task is to help Australians to “work, save, invest”. …”People can work more and be better off, save better and put themselves in a stronger position, and invest

The post Morrison wrestles with bubble of dumb appeared first on MacroBusiness.

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MacroBusiness Thursday, September 24, 2015 - 05:19 Source

The growing fight over the China FTA is sending the usual suspects into their usual camps and once again reason is the victim. At the loon pond the fervor is bubbling over: Two of Australia’s top mining leaders have condemned the union movement’s campaign against the China-Australia free-trade agreement, warning that it is ­potentially xenophobic

The post Abbottalypse ChAFTA appeared first on MacroBusiness.

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MacroBusiness Thursday, September 24, 2015 - 05:18 Source

I have. The way they carpet bomb city corners and sell only low margin lollies with labour manning the place until all hours. Here’s your answer, Fairfax: Franchisees at the troubled 7-Eleven chain are charging staff up to $70,000 to help secure Australian work visas for their staff as a sideline revenue stream to help

The post Ever wondered how 7-Eleven makes money? appeared first on MacroBusiness.

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MacroBusiness Thursday, September 24, 2015 - 04:58 Source

From Citi via FTAlphaville: We now think that the move to central banks endorsing fiscal policy and essentially monetizing the added spending will be relatively quick and direct, in the event of a sudden slump in the global activity. When we wrote earlier on this subject we arrived at fiscal after other alternatives had been

The post The next QE will be different appeared first on MacroBusiness.

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Fraudcast News Thursday, September 24, 2015 - 01:56 Source

Bolivian students in one a Democracy in Practice project administer a lottery to select their student government representatives

Bolivian students in a Democracy in Practice project administer a lottery to select their student government representatives

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