Blogotariat

Oz Blog News Commentary
MacroBusiness Wednesday, February 11, 2015 - 11:24 Source

I can’t bring you this news directly after I was cut from Charlie Aitken’s mailing list following some prophetic criticism of his disastrous oil and iron ore forecasts but at least he still appears to be reading MB. From the SMH: Both the Baltic Dry Index and RBA cash rate are below levels seen at […]

The post Charlie Aitken sees Australian dollar swoon appeared first on MacroBusiness.

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Renew Economy Wednesday, February 11, 2015 - 11:23 Source

PG&E filed a proposal yesterday for $654m in ratepayer dollars to build 25,000 EV charging stations across its service area in northern and central California.

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MacroBusiness Wednesday, February 11, 2015 - 11:14 Source

The post Melbourne’s shoebox apartments shrink appeared first on MacroBusiness.

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MacroBusiness Wednesday, February 11, 2015 - 11:12 Source

From the West Australian: Fresh cracks are appearing in Roy Hill’s ambitious bid to start shipping iron ore from Port Hedland by September, after major construction contracts at its port operations were torn up yesterday. The jobs of more than 300 workers are in limbo after Samsung C&T, head contractor on the $10 billion mine, […]

The post Gina whatever hits another hurdle appeared first on MacroBusiness.

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xkcd.com Wednesday, February 11, 2015 - 11:00 Source

The only other Wikipedia vandalism that I would feel zero remorse about is editing the article on active US militia groups to replace "militia" with "fanclub".

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Wednesday, February 11, 2015 - 10:59 Source

The nation's largest proposed coal project - Carmichael, in the Galilee basin - has come under the political spotlight amid questions around finance.

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MacroBusiness Wednesday, February 11, 2015 - 10:53 Source

We have an answer for all of those dills that argued a rate cut would kill consumer confidence. From Bill Evans at Westpac: • The Westpac Melbourne Institute Index of Consumer Sentiment increased by 8% in February from 93.2 in January to 100.7 in February. This is a much stronger result than we had expected. It represents the […]

The post Consumer sentiment jumps on rate cut appeared first on MacroBusiness.

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George Monbiot Wednesday, February 11, 2015 - 10:52 Source

The US government, it seems, couldn’t care less if it causes a humanitarian catastrophe in one of the world’s poorest nations.

By George Monbiot, published in the Guardian, 11th February 2015

Let me introduce you to the world’s most powerful terrorist recruiting sergeant. It’s a US federal agency called The Office of the Comptroller of the Currency. Its decision to cause a humanitarian catastrophe in one of the poorest and most troubled places on earth could resonate around the world for decades.

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Renew Economy Wednesday, February 11, 2015 - 10:41 Source

New figures released by the Global Wind Energy Council show that the global wind industry grew by 44% in 2014, installing over 51 GW.

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MacroBusiness Wednesday, February 11, 2015 - 10:34 Source

My sympathies go out the ANZ’s Mark “The Pervanator” Pervan this morning after ANZ crushed its iron ore forecasts by 24% for this year and 30% next. “We think that while large volumes of low cost supply continue to be commissioned, and the big miners take a more realistic view on profit margins, the floor price and long-term price assumptions need to […]

The post ANZ destroys its iron ore forecasts appeared first on MacroBusiness.

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MacroBusiness Wednesday, February 11, 2015 - 10:15 Source

From The Australian: CBA (CBA) reported a good 1H15 result with strong momentum in underlying profit, says Watermark Funds Management investment analyst Omkar Joshi. Cash earnings were 8% higher for the half and 1% ahead of consensus expectations, the net interest margin fell 2 basis points to 2.12%, but was 1 basis point above consensus estimates, […]

The post CBA cash machine pumps, slams Abbottalypse appeared first on MacroBusiness.

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MacroBusiness Wednesday, February 11, 2015 - 10:02 Source

From UBS: BHP Billiton We forecast an 11% sequential decline in underlying profit to US$5,063m for the first half of FY 15. The decline in earnings driven by double digit percentage declines in BHP’s two principal commodities, iron ore and oil. Iron ore is down 27% sequentially and 39% y/y, while oil is down 15% […]

The post Major iron ore miner earnings previews appeared first on MacroBusiness.

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Cheeseburger Gothic Wednesday, February 11, 2015 - 10:00 Source

I so wanted one of these when I was a baby writer. All the grown up writers had them. Especially the sports writers, the toughest guys on any paper. Except maybe the crime roundsmen.

A fine eulogy for Radio Shack and the Trash 80 can be enjoyed here.

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MacroBusiness Wednesday, February 11, 2015 - 09:52 Source

From John Kehoe, who is smart enough to know better: Timothy Geithner admits no other country has ever successfully pulled off the kind of economic transition China is attempting. Yet the former US Treasury Secretary says he has a “lot of confidence” that China’s leadership has learnt from past mistakes overseas and can avoid a […]

The post More AFR ‘China’s alright’ drivel appeared first on MacroBusiness.

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The Tally Room Wednesday, February 11, 2015 - 08:16 Source

At this point, we’ve basically reached the conclusion of the Queensland election coverage. Despite the hysterics from the Courier-Mail and Lawrence Springborg, Labor has won the election and should be expected to form government shortly with the support of Peter Wellington.

If there is a Ferny Grove by-election, I’ll return to do coverage of that by-election, but in the meantime this website is shifting focus to New South Wales.

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MacroBusiness Wednesday, February 11, 2015 - 08:04 Source

The post Macro Morning: Greek hopes appeared first on MacroBusiness.

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The Australian Independent Media Network Wednesday, February 11, 2015 - 07:17 Source

Something truly remarkable is happening in Australian Politics. Unprecedented in my memory. An Australian Prime Minister is being given the chance to transform from bastard to saint. Or somewhere in-between.

Even after 40% of his colleagues have declared him unfit (and there were probably many more including 6 ministers) to lead our nation. Even in the face of polls that overwhelming reflect the public’s opinion of our leader.

Even after the media and his closest right wing supporters have condemned him. Even though he leads a dysfunctional and chaotic government.

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The Australian Independent Media Network Wednesday, February 11, 2015 - 06:36 Source

On Q&A last Monday, RBA board member Heather Ridout expressed her disappointment at the decision by the voters of Queensland to reject the Newman government’s privatisation plans.

Whether it has been noticed or not, that election result coupled with the recent elections in Victoria and Greece share a common denominator that may have far reaching ramifications for future governments all over the OECD world.

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MacroBusiness Wednesday, February 11, 2015 - 06:18 Source

The post Abbottalypse destruction mushrooms appeared first on MacroBusiness.

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MacroBusiness Wednesday, February 11, 2015 - 06:17 Source

The post Alan Jones gives Hockey his Budget answer appeared first on MacroBusiness.

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MacroBusiness Wednesday, February 11, 2015 - 05:59 Source

The post Mining town property crash deepens appeared first on MacroBusiness.

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MacroBusiness Wednesday, February 11, 2015 - 05:04 Source

By Leith van Onselen The Australian is reporting today that Ford Australia is threatening to close its assembly operations early amid collapsing sales of its flagship Falcon model: Sales of the Ford Falcon slumped to 381 units in January, one of the poorest results in the carmaker’s rich history, with the former top-selling vehicle now […]

The post Ford threatens early exit as jobs shock looms appeared first on MacroBusiness.

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North Coast Voices Wednesday, February 11, 2015 - 05:00 Source

In 2008, led by the first Rudd Federal Labor Government, the Council of Australian Governments (COAG) committed to six targets to reduce and/or eliminate the disadvantage faced by Indigenous Australians in life expectancy, child mortality, education and employment.These were:

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MacroBusiness Wednesday, February 11, 2015 - 01:51 Source

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

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MacroBusiness Wednesday, February 11, 2015 - 01:45 Source

The post Daily LNG price update (Gorgon joy flight) appeared first on MacroBusiness.

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MacroBusiness Wednesday, February 11, 2015 - 01:30 Source

The post PBOC calculates the Chinese credit bubble appeared first on MacroBusiness.

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MacroBusiness Wednesday, February 11, 2015 - 01:17 Source

Cross-posted from Investing in Chinese Stocks. Some background in Chinese housing regulations, relevant portion bolded, Housing Reform and the Housing Market in Urban China: In response to the country’s soaring housing prices, the government launched a series of regulatory policies between 2005 and 2006. On 26 March 2005, the General Office of the State Council (GOSC) […]

The post China launches property rescue round three appeared first on MacroBusiness.

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MacroBusiness Wednesday, February 11, 2015 - 01:01 Source

The post Links 11 February 2015 appeared first on MacroBusiness.

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North Coast Voices Wednesday, February 11, 2015 - 00:15 Source

Word cloud created from Tony Abbott’s public utterances on 9 February 2015On Monday 9 February 2014 Anthony John ‘Tony’ Abbott declared he had become a new version of himself – a chastened and transformed Australian prime minister.In the space of a day he made a

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The Australian Independent Media Network Tuesday, February 10, 2015 - 19:43 Source

Extract From Leigh Sales Interview with Tony Abbott

Sales: “Who are you?”

Abbott: “Well, Leigh, let’s just focus for a second on the captain’s picks. There have essentially been two captain’s picks …”

Sales: “Can you actually just focus on the big picture there? Because there’s been three different Tony Abbotts. I just want to know, which one are you?”

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