Blogotariat

Oz Blog News Commentary
Renew Economy Tuesday, August 4, 2015 - 15:27 Source

Customer programs historically viewed as a drag on utilities' bottom lines are now being seen as profit generators.

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Delimiter Tuesday, August 4, 2015 - 15:20 Source

Those of you who follow the crypto-currency scene in Australia may remember that the Australian Taxation Office hasn't always treated the most popular type of crypto-currency, Bitcoin, the way that those involved in its trade would prefer. However, the long-running crypto-currency inquiry by the Senate Standing Committee on Economics may be about to disagree with the ATO.

The article Sorry, ATO: The Senate hearts Bitcoin as a currency appeared first on Delimiter.

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Delimiter Tuesday, August 4, 2015 - 15:05 Source

Foxtel has indicated it will shortly take to the courts to use brand new legislation to have websites allegedly infringing copyright blocked, with analysis of the company’s public statements on the issue indicating that popular file-sharing site The Pirate Bay is likely to be one of the pay television giant’s first targets.

The article Foxtel is about to go after The Pirate Bay appeared first on Delimiter.

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Renew Economy Tuesday, August 4, 2015 - 15:05 Source

NZ network operator launches campaign to give free 3kW solar systems with Tesla Powerwall batteries to 130 households, community groups and schools.

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Tuesday, August 4, 2015 - 14:33 Source

Now that Bronwyn Bishop has finally resigned, Tony Abbott can get back to the serious business of his first term agenda. If only he had one.

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MacroBusiness Tuesday, August 4, 2015 - 14:29 Source

The Reserve Bank has announced another hold for its August meeting: At its meeting today, the Board decided to leave the cash rate unchanged at 2.0 per cent. The global economy is expanding at a moderate pace, but some key commodity prices are much lower than a year ago. Much of this trend appears to

The post RBA holds, dumps easing bias appeared first on MacroBusiness.

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Renew Economy Tuesday, August 4, 2015 - 14:29 Source

It is economically sensible and feasible to phase out both fossil fuels and nuclear energy in favour of renewables.

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Renew Economy Tuesday, August 4, 2015 - 14:20 Source

Obama's Clean Energy Plan will take advantage of rapidly falling costs for renewables, vehicle electrification, and the explosion in big data and information technology.

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Renew Economy Tuesday, August 4, 2015 - 14:18 Source

Despite claims to the contrary, Germany's energy costs per unit of manufacturing one of lowest in the world, even with the Energy Transition.

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Cheeseburger Gothic Tuesday, August 4, 2015 - 14:17 Source

I'm feeling left out. Apple Music hasn't deleted any of my songs or albums, and the only duplicates I can find in my library were already there – created by an app called Boom. (It's a great audio app which does something to your sound files to make the crappy little speakers on your laptop, or even your desktop, sound way more awesome. Unfortunately it creates amplified copies of the songs to do this. Hence the duplicates all the way through my library).

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Renew Economy Tuesday, August 4, 2015 - 14:13 Source

Senate wind inquiry final report slammed as biased and reckless as it recommends national noise standards, strict limits to REC access.

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MacroBusiness Tuesday, August 4, 2015 - 13:57 Source

Big iron started badly today after the London rout but a little help from some puff media and voila commodity prices no longer matter. Or maybe it was the communists buying the Shanghai casino. Either way BHP and RIO are both even but FMG (which is the more sanely priced these days) is down 3%: Idiocy

The post Big iron levitates on MSM hot air appeared first on MacroBusiness.

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MacroBusiness Tuesday, August 4, 2015 - 13:43 Source

By Leith van Onselen I wrote a few weeks back how New Zealand was experiencing an epic commodities crash in the form of dairy prices, which had plummeted by more than 50% since February and more than 70% since late 2013 (chart via The AFR): Well, now the situation appears to have taken a turn

The post NZ milk crash goes from bad to worse appeared first on MacroBusiness.

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Tuesday, August 4, 2015 - 13:39 Source

So you supported Adam Goodes. Good stuff. But beyond the sporting field, does Aboriginal culture make your spine tingle? Take our simple test.

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The Australian Independent Media Network Tuesday, August 4, 2015 - 13:31 Source

Tony Abbott announced a whole-scale review of the entitlements system – to be led by former head of the Department of Finance, David Tune, and the head of the remuneration tribunal, John Conde – which will aim to give “the public confidence”.

Rather than giving the public confidence, how about a genuine review of past claims.

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The Australian Independent Media Network Tuesday, August 4, 2015 - 13:27 Source

I have decided to post this annually. You might like to compare lists.

The only book I have read in the past 12 months that might possibly replace one of my top 20 reads is the 2014 Booker prize winner. The Narrow Road to the Deep North by Richard Flanagan.

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The Australian Independent Media Network Tuesday, August 4, 2015 - 13:11 Source

It was with equal parts anger and sadness I greeted the news that Turkey has just launched its heaviest air strikes yet against PKK forces in northern Iraq. With the latest assault in the global war on democracy coming hot on the heels of a terror attack in which 30 Kurdish university students were blown to smithereens by an Isis suicide bomber, it’s probably fair to say it’s not a good time to be a member of the Kurdistan Worker’s Party, but then again, was it ever a good time to be a Kurd?

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Tuesday, August 4, 2015 - 13:09 Source

The policies that lead to deaths in custody, like that of Ms Dhu, continue to be pushed by the WA government in spite of their promises.

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MacroBusiness Tuesday, August 4, 2015 - 13:04 Source

From the AFR comes RBS’s head of macro strategy in Asia, Greg Gibbs: …”Even though iron ore prices have been relatively stable since the last RBA meeting… the broader theme around commodities is quite soft,” said Mr Gibbs. “There’s a general bearishness around commodity currencies.” “It does suggest that the data is not all that bad and there’s not

The post Time to pull Australian dollar shorts? appeared first on MacroBusiness.

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MacroBusiness Tuesday, August 4, 2015 - 12:50 Source

By Leith van Onselen The Australian Bureau of Statistics (ABS) today released trade data for the month of June, with Australia recording its biggest quarterly trade deficit in the post-GFC era. In the month of June, the trade deficit deteriorated to $2,933 million. The result still beat analyst’s expectations, however, who had expected a trade

The post Australia’s June quarter trade deficit shocker appeared first on MacroBusiness.

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Renew Economy Tuesday, August 4, 2015 - 12:46 Source

Obama's Clean Energy Plan will lift share of renewables to 28 per cent by 2030, and force closures of coal generators. But the fossil fuel lobby and conservatives are attacking the plan, labelling it an "energy tax", even though electricity bills will fall. Sound familiar?

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MacroBusiness Tuesday, August 4, 2015 - 12:36 Source

From the Goldman Sachs: And the winner is: Sydey (in the immortal words of Juan Antonio Samaranch)!

The post Australia’s infrastructure pipeline appeared first on MacroBusiness.

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MacroBusiness Tuesday, August 4, 2015 - 12:23 Source

From the AFR: When Rio reports this week, analysts’ consensus is for underlying earnings to shrink to $US2.4 billion, from $US5.1 billion in the year-earlier period. …Despite the cash flow squeeze, Deutsche mining analyst Paul Young says savings from expected cuts to capital spend, from an already reduced target of $US7bn, and continuing cost cutting “should underpin another buyback in February 2016″. Rio

The post MSM pump primes RIO dividend appeared first on MacroBusiness.

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MacroBusiness Tuesday, August 4, 2015 - 12:14 Source

From Reuters: The Shanghai and Shenzhen exchanges said in separate statements on Monday night that the rules, effective immediately, would prevent traders from borrowing and repaying stocks within a day. China’s exchanges and markets watchdog are cracking down on short-selling as part of a broad government-orchestrated effort to prevent a collapse in its markets, which

The post China trains new gun on shorts appeared first on MacroBusiness.

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MacroBusiness Tuesday, August 4, 2015 - 11:53 Source

By Leith van Onselen The Australian Bureau of Statistics (ABS) has released retail sales figures for the month of June, which registered a 0.7% seasonally-adjusted rise in sales over the month. Annual sales growth clocked in at a solid 4.9%: Consensus was for a 0.4% monthly rise, so sales easily beat expectations. The below chart

The post Retail sales beat on Budget sugar hit appeared first on MacroBusiness.

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MacroBusiness Tuesday, August 4, 2015 - 11:42 Source

The communist casino is open:

The post Shanghai opens flat appeared first on MacroBusiness.

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MacroBusiness Tuesday, August 4, 2015 - 11:33 Source

By Leith van Onselen SQM Research has released its stock on market figures for the month of July, which registered a 3.8% monthly Jump in the number of homes for sale, with for sale listings also up by 4.2% over the year (see below table). As shown above, all markets except Hobart experienced monthly rises

The post Stock on market surges in July appeared first on MacroBusiness.

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Tuesday, August 4, 2015 - 11:28 Source

After years of dismissive rhetoric Greg Hunt has left himself with almost nowhere to turn on climate action, aside from a range of measures his government has derided as taxes.

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MacroBusiness Tuesday, August 4, 2015 - 10:03 Source

By Leith van Onselen The ANZ-Roy Morgan Research consumer confidence index continued to recover in the week ended 2 August, rising 0.4 points to 112.9 to be tracking around the long-run average of around 113 points (see next chart). Three of the survey’s five components improved over the week, with family finances up 3.61% to

The post Consumer confidence holds at average appeared first on MacroBusiness.

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MacroBusiness Tuesday, August 4, 2015 - 09:49 Source

By Leith van Onselen In April last year, Treasurer Joe Hockey declared an end to industry assistance and warned that “no country has ever subsidised its way to prosperity”: The difficult decisions that will underpin our movement to a new age of responsibility must also include the corporate sector. Too many taxpayers’ dollars have been

The post Abbott rains defence pork on South Australia appeared first on MacroBusiness.

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