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MacroBusiness Monday, February 16, 2015 - 09:36 Source

By Leith van Onselen Just a week ago, things were looking dire for Victorian taxpayers on the East-West Link toll road project. The $6.8 billion project, which was signed in haste by the former Napthine Liberal Government, was estimated in its full business case to deliver a benefit to cost ratio of just 0.45 and […]

The post Has Labor pulled a rabbit on East-West Link? appeared first on MacroBusiness.

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MacroBusiness Monday, February 16, 2015 - 09:32 Source

The post Macro Morning: Risk awwwn appeared first on MacroBusiness.

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MacroBusiness Monday, February 16, 2015 - 09:27 Source

From Adair Turner, UK central banker via Project Syndicate: To spur economic growth and achieve prosperity, China has sought to follow the path forged by Japan, South Korea, and Taiwan, but with one key difference: size. With populations of 127 million, 50 million, and 23 million, respectively, these model Asian economies could rely on export-led […]

The post You were wrong on China, Glenn, wrongly wrong appeared first on MacroBusiness.

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The Australian Independent Media Network Monday, February 16, 2015 - 09:19 Source

Is anybody still listening to Tony Abbott? Jennifer Wilson doubts it very much, and with good reason.

I woke up this morning thinking that I don’t feel as if we actually have a real government, or a real Prime Minster.

Tony Abbott seems to be increasingly decompensating under the stress of discovering he’s so unpopular with his party he had to face the prospect of a spill motion without even a challenger for his leadership, and that must be a rare political event just about anywhere.

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Monday, February 16, 2015 - 09:09 Source

Fran Kelly returned to RN Breakfast and many a Liberal sighed with relief. They knew she would quote, henceforth, only the inaccurate polls Galaxy and Newspoll and suppress Morgan, the accurate one — which alone got Queensland right, and her home state South Australia — and give respectful, affectionate, wifely attention to their more fascist and crazed MPs.

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Monday, February 16, 2015 - 08:52 Source

By Kellie Bisset On Closing the Gap This fortnight, we learned that Australia’s progress in closing the gap on Indigenous disadvantage was, in the words of the Prime Minister, “profoundly disappointing”. The release of the Closing...

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The Melbourne Urbanist Monday, February 16, 2015 - 08:04 Source

Originally posted on Playground Guru:This post first appeared at Playground Professions 2-10-15 I recently posted this image of the ThudGuard helmet on the Linkedin Playground Safety: Balancing Play Value & Injury Prevention group and asked what the members thought about it. After the predictable bout of mocking the discussion became quite interesting.

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MacroBusiness Monday, February 16, 2015 - 06:41 Source

The post One last shooter in Straya’s thirty year bender appeared first on MacroBusiness.

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MacroBusiness Monday, February 16, 2015 - 06:39 Source

Congratulations to Alan Kohler for being the first in the MSM to FINALLY cut through the guff to Australia’s real problem: On Thursday last week, JP Morgan’s Australian economist Stephen Walters published two devastating charts. Here they are: To sum up: interest rates and the minimum wage are roughly double the global average, electricity costs […]

The post Kohler: We are priced out appeared first on MacroBusiness.

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MacroBusiness Monday, February 16, 2015 - 06:38 Source

By Leith van Onselen Tony Abbott continues to make all the right noises on foreign property investment, backing-up his recent assurances that the Government would implement the recommendations from the parliamentary inquiry by ordering Treasury to force immediate sales on foreign property investors. From The Daily Telegraph: The crackdown will be directed though an elite […]

The post Hit squad targets dodgy foreign property investors appeared first on MacroBusiness.

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MacroBusiness Monday, February 16, 2015 - 06:34 Source

The national auction clearance rate bounced over the weekend, driven by a big rebound in Melbourne, which drove the preliminary national clearance rate up to 70.0% from 66.9% last week and 70.2% at the same time last year. Sydney’s clearance actually fell by 2.6% to 77.9%, whereas Melbourne’s rose 6.0% to 67.4%. Brisbane, which typically […]

The post Auction clearances bounce appeared first on MacroBusiness.

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MacroBusiness Monday, February 16, 2015 - 06:34 Source

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

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MacroBusiness Monday, February 16, 2015 - 06:33 Source

From Westpac comes the bible of consumer attitudes today and it settles some of the more fanciful notions abroad last week about what lifted consumers. ― The Westpac–Melbourne Institute Index of Consumer Sentiment jumped 8% in Feb from 93.2 in Jan to 100.7. This is the first month since Feb 2014 that optimists have outnumbered pessimists, albeit only just. […]

The post Red Book: Consumers rise on rate cut appeared first on MacroBusiness.

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MacroBusiness Monday, February 16, 2015 - 06:32 Source

The post Miners have bottomed! appeared first on MacroBusiness.

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MacroBusiness Monday, February 16, 2015 - 06:31 Source

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

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MacroBusiness Monday, February 16, 2015 - 06:31 Source

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

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MacroBusiness Monday, February 16, 2015 - 06:14 Source

The post China credit signals more commodity pain appeared first on MacroBusiness.

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Monday, February 16, 2015 - 06:14 Source

In the difficult ‘History Channel’ genre of a documentary with occasional reinactments, David Bradbury has made a masterpiece. It is about war guilt, survivor’s guilt, the agonised reaching across the trenches, and No Man’s Land, for the extended hand of one’s wounded foe, and one man’s quest for the bodies of men killed in a long-ago night battle he feels he must reunite with their still-grieving widows and families, as the Vietnamese culture demands, and yearns for: the household ghost who must be brought home to his people.

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MacroBusiness Monday, February 16, 2015 - 01:10 Source

Cross-posted from Investing in Chinese Stocks. The SMCP is Chasing ghosts The South China Morning Post has compiled a ghost town map based on an experimental model proposed by Chinese economic researcher Chen Qin, who considers two indicators: future supply and demand ratio; and measuring oversupply or undersupply against existing homes in one city.Though it has […]

The post China ghost cities mapped appeared first on MacroBusiness.

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MacroBusiness Monday, February 16, 2015 - 01:01 Source

The post Links 16 February 2015 appeared first on MacroBusiness.

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North Coast Voices Monday, February 16, 2015 - 00:33 Source

He's also kept up the fight against the bats, which continue to terrorise a number of towns on the north coast. [http://www.nswnationals.org.au/chris_gulaptis]On the NSW North Coast it is easy to spot the many ‘terrorists’ in our midst.According to the NSW Nationals MP for Clarence, Chris Gulaptis, they all look like this:

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North Coast Voices Monday, February 16, 2015 - 00:15 Source

Senator Nova Peris, 13 November 2013.

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Sunday, February 15, 2015 - 21:51 Source

As regular readers may remember, Croakey has been running an occasional series, Poems of Public Health. I happened to mention this at a University of Canberra writing retreat this weekend, and one of the participants – Allison Ballard, a...

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Sunday, February 15, 2015 - 15:43 Source

Celebrate your baby's first birthday behind the wire, or take the deal and leave her father - your husband - behind. What would you choose?

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The Australian Independent Media Network Sunday, February 15, 2015 - 13:34 Source

Not content spewing forth the ubiquitous puerile bovine excretum from the pages of Labor’s debt and deficit disaster and other mandatory slogans, Treasurer Joe Hockey last week apparently took complete leave of his senses, going off-script and announcing to the world that Australia would soon face a trillion dollar deficit. That’s right, $1 trillion. By 2037, based on our current debt trajectory, we will owe one thousand billion dollars.

Give me strength.

Read more Views: 438
The Australian Independent Media Network Sunday, February 15, 2015 - 12:27 Source

Hong Kong cityscape (image from holmes.edu.au)

Hong Kong cityscape (image from holmes.edu.au)

Almost from the moment the Baxters arrived in Hong Kong in 1967 my father was working as a stringer, most regularly for Australia’s Fairfax newspapers. A stringer is a locally based correspondent who may sometimes be paid a retainer but often is paid only for published stories.

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Sunday, February 15, 2015 - 12:00 Source

Tony Abbott's week started out with a leadership spill and it ended with more speculation about his competence, writes Darrin Barnett.

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Sunday, February 15, 2015 - 11:16 Source

Hugh Weiss

Bob, I don’t think I’ve ever seen any other politician, so wantonly destructive of all he’s supposedly stood for, for so long.

The nearest leader Labor had was Mark Latham. But Latham didn’t really turn on some in Labor until after he left parliament.

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The Australian Independent Media Network Sunday, February 15, 2015 - 10:49 Source

Image from antinuclear.net

Image from antinuclear.net

What could the Trans-Pacific Partnership (TPP) – currently being negotiated by the Abbott Government – mean for Australia? Of concern, reports Mel Mac, is that it means our rights are being secretly traded away.

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The Australian Independent Media Network Sunday, February 15, 2015 - 10:14 Source

“Mr Tee will see you now, Miss Steele. Do go through,” Blonde Number Two says. I stand rather shakily trying to suppress my nerves.

“Damn Kate for being ill,” I think. I don’t belong here, interviewing such a powerful man. As a hand grips mine in a full-blooded hand-shake, I am impressed by the strength of the grip, the way he places his hand on mine as he shakes it firmly. I am too unworthy; I cannot meet his gaze.

“Miss Kavanagh, I believe,” says a strong voice. I swoon. This is the sort of power that nobody could refuse.

“Mr Tee,” I stutter, still unable to look up.

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