Blogotariat

Oz Blog News Commentary
MacroBusiness Tuesday, June 16, 2015 - 13:18 Source

By Leith van Onselen Hillary Clinton, who is a near certainty to run for the Democrat’s next Presidential primary, has spoken out against the Trans-Pacific Partnership (TPP) trade deal, urging Democratic congress members not to grant President Obama so-called “fast track authority” to conclude negotiations without gaining a better deal for US workers. Fast track

The post Has Hillary Clinton just killed the TPP? appeared first on MacroBusiness.

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Tuesday, June 16, 2015 - 13:05 Source

Access to healthy and affordable food and good health care is a big issue for Aboriginal and Torres Strait Islander people, particularly those living in remote communities. The recent National Rural Health Conference in Darwin has called for a...

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Renew Economy Tuesday, June 16, 2015 - 12:28 Source

A copy of Pope Francis’s message exhorting humanity to be better stewards of the planet and to combat issues like climate change has been leaked.

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Renew Economy Tuesday, June 16, 2015 - 12:28 Source

The elusive, iPhone-like “coolness” factor missing from the battery storage space is finally here, and costs reductions have been accelerated by 7 years.

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MacroBusiness Tuesday, June 16, 2015 - 12:10 Source

By Leith van Onselen The Australian Bureau of Statistics (ABS) today released new motor vehicle sales for the month of May, which registered a 1.3% seasonally adjusted decline in the number of sales, but a 0.8% increase over the year, with strong growth in the sale of Sports Utility Vehicles (SUVs) reported (see next table).

The post Australia’s love affair with SUVs continues appeared first on MacroBusiness.

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The Australian Independent Media Network Tuesday, June 16, 2015 - 12:06 Source

By Melanie McCartney

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Tuesday, June 16, 2015 - 11:44 Source

As the Department sat on the report, new allegations of assault and abuse were being recorded.

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MacroBusiness Tuesday, June 16, 2015 - 11:41 Source

by Chris Becker The RBA have just released the minutes from its June monthly meeting. The AUDUSD moved in a tight 30 pip range on the release and still has a long bias: Here’s the short version: there were diverging trends within the non-mining sector. Investment in some sectors, such as real estate and retail

The post RBA Minutes: AUD needs to go lower appeared first on MacroBusiness.

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MacroBusiness Tuesday, June 16, 2015 - 11:38 Source

Chris Weston, Chief Market Strategist at IG Markets With all the talk of a bubble in the Australian housing market I thought it would interesting to look at it through the eyes of an overseas investor. When one looks at price outside of the traditional base currency it adds a whole new dimension to the

The post Australian property through foreign eyes appeared first on MacroBusiness.

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Antony Green's Election Blog Tuesday, June 16, 2015 - 11:35 Source

Draft electoral boundaries for the NT legislative Assembly have been released this morning.

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MacroBusiness Tuesday, June 16, 2015 - 11:28 Source

By Leith van Onselen The Labor party’s denial around the Aged Pension is deplorable. Here were have a measure that currently takes up over a tenth of the Commonwealth budget (excluding civil servants) and costs around $40 billion currently or some 2.9% of GDP. The Aged Pension is also forecast in the Intergenerational Report to

The post Labor recklessly blocks Aged Pension reform appeared first on MacroBusiness.

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MacroBusiness Tuesday, June 16, 2015 - 11:00 Source

by Chris Becker The three year election cycle, reinforced by the 24 hour news cycle, combined with the “lucky” nature of the Australian body politic, has now sowed the death of the coal industry, which has less than a couple of decades of life left as a major power supplier, according to the IEA. That’s

The post Coal’s future is dying appeared first on MacroBusiness.

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MacroBusiness Tuesday, June 16, 2015 - 10:36 Source

By Leith van Onselen The Property Council of Australia (PCA) stepped-up its lobbying on tax reform yesterday, calling on the Government to abolish stamp duties in favour of an increase in the GST. Here’s what the PCA’s chief executive, Ken Morrison, said in a radio interview yesterday with The ABC’s Business editor Peter Ryan: KEN

The post Property Council talks its book on tax reform appeared first on MacroBusiness.

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MacroBusiness Tuesday, June 16, 2015 - 10:07 Source

by Chris Becker Not a good start to the week, with both spot and swap iron ore slumping alongside the Shanghai Composite yesterday with only a small up blip in Dalian futures to offset. Rebar continues its freefall while both coal markers saw some gains: Here are the daily charts for the iron ore complex:

The post Daily iron ore update (Arrium death throes) appeared first on MacroBusiness.

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The Melbourne Urbanist Tuesday, June 16, 2015 - 10:05 Source

Should natural light in apartments be more tightly regulated?

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MacroBusiness Tuesday, June 16, 2015 - 09:46 Source

by Chris Becker The weekly ANZ Roy Morgan consumer confidence report just released has seen a surprising uptick, jumping over 2% and now above its long run average: The money quotes from ANZ: The bounce in employment numbers and the fall in the unemployment rate seems to have sent a positive signal, which is being

The post ANZ Roy Morgan confidence bounces appeared first on MacroBusiness.

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MacroBusiness Tuesday, June 16, 2015 - 09:45 Source

By Leith van Onselen Stephen Koukoulas (“the Kouk”) has posted an extract from his book that fails to debunk the “emotive codswallop being written and spoken about housing affordability”. Let’s take a look. Think of housing affordability in this way. In the mid to late 1980s, a house cost, say, $75 000 and required a

The post Boomers have no idea about housing affordability appeared first on MacroBusiness.

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The Australian Independent Media Network Tuesday, June 16, 2015 - 09:02 Source

Last night on Q&A, Bronwyn Bishop used the opportunity to once again attack Gillian Triggs about the AHRC report into children in detention

“It has made you a very political figure. Therefore, you are subject to criticism,” Bishop told Triggs.

“You have to make the decision: are you a statutory officer, carrying out an obligation with the protection of that office, or do you wish to be a political participant? If you do wish to be a political participant, then you have to be no longer a statutory officer and stand for office.”

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MacroBusiness Tuesday, June 16, 2015 - 08:20 Source

By Leith van Onselen After repeating the lie over the weekend that ‘abolishing’ negative gearing would reduce rental supply and force up rents, Finance Minister Mathias Cormann appeared on Lateline last night where his lies were exposed (see above video). When asked by presenter, Emma Alberici, why the Government won’t scrap negative gearing, Cormann responded

The post Mathias Cormann’s Negative Gearing lies exposed on Lateline appeared first on MacroBusiness.

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The Australian Independent Media Network Tuesday, June 16, 2015 - 08:10 Source

By Jennifer Wilson

“Again I keep making the point the only question that matters is, is this government prepared to do what is necessary to keep the boats stopped, the answer is yes”. Prime Minister Tony Abbott when asked about alleged payments to people smugglers by the Australian government.

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WixxyLeaks Tuesday, June 16, 2015 - 07:55 Source

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MacroBusiness Tuesday, June 16, 2015 - 07:40 Source

By Chris Becker Its all about Greece again as European stock markets sold off quickly on news of the breakdown in talks between Athens and its creditors. A lower than expected industrial production print in the US didn’t help either, adding to the risk off move. Recapping Asia, the Shanghai Composite fell 2% to 5063 points, just

The post Macro Morning (Greece Greece Greece) appeared first on MacroBusiness.

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MacroBusiness Tuesday, June 16, 2015 - 07:08 Source

By Leith van Onselen It seems selling-out your children on housing and denying same sex couples marriage rights are not the recipes for electoral success, with two polls released revealing the Abbott Government has suffered a big drop in support. A Fairfax-Ipsos poll, released yesterday, revealed that Labor’s share of the two-party-preferred vote after preferences

The post Abbott Government takes housing hit in the polls appeared first on MacroBusiness.

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MacroBusiness Tuesday, June 16, 2015 - 06:32 Source

by Chris Becker The first rule when scrutinising anything that comes from the unproductive FIRE sector is to of course take any reports, press releases or other with a huge grain of salt. When it comes from the huge $2 trillion superannuation industry, we must be doubly cautious. Indeed, a new report from the private Association of Superannuation

The post Super benefits who? appeared first on MacroBusiness.

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MacroBusiness Tuesday, June 16, 2015 - 06:31 Source

By Leith van Onselen The shortsightedness of Glenn Stevens’ comments last year that macro-prudential controls on high risk mortgage lending were “dreaded” and the “latest fad” has, once again, been exposed with a new literature review from economists Kenneth N. Kuttner and the Bank for International Settlements’ Ilhyock Shim finding that macro-prudential controls are effective in

The post Australia humiliated again on macro-prudential appeared first on MacroBusiness.

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MacroBusiness Tuesday, June 16, 2015 - 06:29 Source

By Leith van Onselen Australian Finance Group (AFG) has released its housing finance data for the month of May, which registered a big rise in monthly mortgage applications, as well as a large increase year-on-year. The number of mortgage applications rose by 10.4% in May and were up 8.7% over the year to 10,668, whereas

The post AFG shows booming mortgage demand in May appeared first on MacroBusiness.

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Tuesday, June 16, 2015 - 06:02 Source

It is a hundred years and one hundred and eighty two days since an Australian was killed by an act of terrorism in Australia.

I will update this figure every day until a fatality, at last, occurs.

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MacroBusiness Tuesday, June 16, 2015 - 06:00 Source

Global Macro / Markets / Investing: The ever evolving FX trading landscape – ThomsonReuters Blog Central banks gamble with sub-zero interest rates – FT (finish him!) Can’t even calculate bond market volatility its that high – Blackrock North America: Don’t believe the hype on US shale growth – ZH Bush oligarchy extends further as Jeb

The post Links 16 June 2015 appeared first on MacroBusiness.

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Tuesday, June 16, 2015 - 05:53 Source

Phillip Ruddock said it was cheaper to pay people smugglers to turn round than take in genuine refugees and shelter them. Told it would be even cheaper to shoot the refugees and the people smugglers and steal their boat and sell it in Cairns, he said, ‘It’s not all about the money. It’s also about defeating Labor.’ Told the money we saved this way would be paid, in hundreds of millions, by the refugees’ principal carers, the Indonesians, he said, ‘Well the comfort is, they’ve got less money now, we’ve reduced their aid.’

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George Monbiot Monday, June 15, 2015 - 20:36 Source

New insights from the deep past should transform the way we work with forests.

By George Monbiot, published in BBC Wildlife magazine, June 2015

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