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MacroBusiness Wednesday, November 12, 2014 - 09:51 Source

From Mac Bank: Iron ore stockpiles at smaller mills in China surged over the last two weeks, rising from 21.7 days of cover to 24.9. While inventory volumes rose 2%, the main reason for the sharp rise in inventory days was an 11% drop in implied production. It seems likely that the cause of the drop in production […]

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MacroBusiness Wednesday, November 12, 2014 - 09:19 Source

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MacroBusiness Wednesday, November 12, 2014 - 09:17 Source

By Leith van Onselen Prosper Australia has released its annual speculative vacancies report, authored by Catherine Cashmore, which has revealed that parts of Melbourne’s inner-city apartment complexes are becoming ‘ghost towers’, with large numbers of unused or barely used homes. The report is unique because it uses water use data from Melbourne’s three main metropolitan […]

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The Tally Room Wednesday, November 12, 2014 - 09:15 Source

Boxhill1-2PPBox Hill is a Liberal seat in the eastern suburbs of Melbourne, covering Blackburn, Box Hill, Box Hill North, Mont Albert, Mont Albert North and parts of Balwyn, Canterbury, Nunawading and Surrey Hills.

Liberal MP Robert Clark has held Box Hill since 1992, and currently serves as Attorney-General.

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The Australian Independent Media Network Wednesday, November 12, 2014 - 09:13 Source

I have just read the prologue of the book by Nick Bryant ‘’The Rise and Fall of Australia’’ – How a Great Nation Lost its Way. It is exquisitely written, summarising post war Australia, its growth its prosperity, its sport, its culture, its ingrained positivity and its politics.

Having been born in 1941 it is a period in time that I easily identify with. A time when as a boy poverty was a word experienced, if not understood. Where the loss of ration coupons on the way to the dairy invited a belting and living four to a room with a single gas burner was commonplace.

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The Melbourne Urbanist Wednesday, November 12, 2014 - 08:42 Source

My novel of the year for urbanists (and economists, and…)

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MacroBusiness Wednesday, November 12, 2014 - 08:20 Source

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MacroBusiness Wednesday, November 12, 2014 - 08:18 Source

OK, I’ll bite. From Adam Carr today: …we know the US economy is booming. Following a v-shaped recovery post the GFC and one of the strongest post-recession recoveries on record, the US economy is accelerating further… The hordes of dead-eyed, zombie-recession freaks that seem to have populated our country can’t hope to compete with that. They’ve been […]

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Renew Economy Wednesday, November 12, 2014 - 06:43 Source

Large scale renewable energy industry in Australia faces another extended period of stagnation and uncertainty after Abbott government refused to cede ground on its plans to slash the renewable energy target, causing Labor to walk away from the negotiations. Solar is on more solid ground.

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George Monbiot Wednesday, November 12, 2014 - 06:35 Source

Our visions of the future are defined, like the film Interstellar, by technological optimism and political defeatism

By George Monbiot, published in the Guardian 12th November 2014

“It’s like we’ve forgotten who we are,” the hero of Interstellar complains. “Explorers, pioneers, not caretakers … We’re not meant to save the world. We’re meant to leave it.” It could be the epigraph of our age.

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MacroBusiness Wednesday, November 12, 2014 - 01:32 Source

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MacroBusiness Wednesday, November 12, 2014 - 01:30 Source

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MacroBusiness Wednesday, November 12, 2014 - 01:30 Source

It appears Australian coal isn’t about to have its recently imposed Chinese tariffs removed. From the AFR: Australia is preparing to sign a staged trade agreement with China to enable Prime Minister Tony Abbott to meet his self-imposed deadline while leaving more time to resolve disputed issues. Senior sources told The Australian Financial Review that while the deal, […]

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MacroBusiness Wednesday, November 12, 2014 - 01:05 Source

From JCapital’s Anne Stevenson-Yang via FTAlphaville: The reality of employment in China is that no one actually counts it, and the popular idea that the Chinese nomenklatura worries day in and day out about creating jobs is simply false. Employment in China is about social security with an emphasis on “security,” Communist style. For the Chinese […]

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MacroBusiness Wednesday, November 12, 2014 - 01:01 Source

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North Coast Voices Wednesday, November 12, 2014 - 00:16 Source
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North Coast Voices Wednesday, November 12, 2014 - 00:15 Source

The West Australian 7 November 2014Denton, Texas, has an estimated population of 123,000 people and is within the Barnett Shale, one of the larger gas fields in America.

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MacroBusiness Tuesday, November 11, 2014 - 16:21 Source

Chris Weston, Chief Market Strategist at IG Markets Volatility continues to settle, in the aftermath of comments from St Louis Fed president James Bullard, who suggested the Fed could delay ending QE back on October 16. Since then, other central banks have helped through various further easing measures and we now have the VIX 9% […]

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Tuesday, November 11, 2014 - 16:19 Source

The Victorian election is just a few weeks away, and while Labor is sitting in the box seat, there could be a few green hiccups. Ben Eltham explains.

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MacroBusiness Tuesday, November 11, 2014 - 15:37 Source

A group of economic operatives have joined forces to mobilise the economics community through the IDEAeconomics initiative. Influential thinkers including Ann Pettifor, Michael Hudson, Dirk Bezemer, James Galbraith, Steve Keen and others, are promoting  a dynamic monetary view of the economy – hence the full name Institute of Dynamic Economic Analysis – and are advancing practical policies that […]

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Tuesday, November 11, 2014 - 15:23 Source

While there has progress in closing the gap between the health status of Indigenous Australians and that of non-Indigenous Australians, there is still much to be done. The Australian Institute of Health and Welfare (AIHW) report Australia’s Health...

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MacroBusiness Tuesday, November 11, 2014 - 15:06 Source

The RBA Chris Aylmer delivered a speech today on the recovering RMBS market. It is worth  a look: Introduction Thank you for giving me the opportunity to speak here today. My remarks are in two parts. The first part scans recent developments in the securitisation market. In the second part, I will discuss the role of […]

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The Tally Room Tuesday, November 11, 2014 - 15:00 Source

Hastings1-2PPHastings is a Liberal seat on the south-eastern fringe of Melbourne, covering Hastings, Tooradin, Somerville, Cranbourne South and French Island.

Hastings was created in 2002, when it was won by Labor’s Rosy Buchanan. The seat has been held by Liberal MP Neale Burgess since 2006. Burgess now holds Hastings by a 9.6% margin.

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Tuesday, November 11, 2014 - 14:46 Source

The cost of opening up Northern Australia for major development won't just be borne by the Australian taxpayer.

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Renew Economy Tuesday, November 11, 2014 - 14:37 Source

NSW to extend state's energy saving scheme out to 2025, expand it to include incentives to cut gas consumption, as well as electricity.

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MacroBusiness Tuesday, November 11, 2014 - 14:26 Source

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Renew Economy Tuesday, November 11, 2014 - 14:25 Source

BZE initiative says households can use energy efficiency and rooftop solar to deliver higher carbon reductions than Australia's current targets.

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MacroBusiness Tuesday, November 11, 2014 - 13:57 Source

Cross-posted from The Conversation: In the last decade or so, the global financial landscape has endured two major shocks – the first with the 2007 collapse of the sub-prime mortgage market in the United States, and the second emanating out of Europe, with a major loss of confidence in the quality of debt issued by […]

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Renew Economy Tuesday, November 11, 2014 - 13:22 Source

A country that may have just passed the one gigawatt threshold for installed PV is now home to a new cycling path lined with solar panels.

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MacroBusiness Tuesday, November 11, 2014 - 13:21 Source

And just to muddy the waters a little more around business sentiment, Roy Morgan Research (RMR) has released its business confidence survey for October, which registered a large 8.0 point (6.5%) decline over the month to the lowest level since June and 9.8% below the peak recorded in October 2013 following the federal election, but […]

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