Blogotariat

Oz Blog News Commentary
Thursday, April 2, 2015 - 18:37 Source

Clouds boiled. Not just blacks and greys, purple, crimson, all and every colour. Each cloud changed colour in the corner of her eye, so that when she looked again it was different. They hurtled across the sky swirling and were stationary. And yet, there was no wind. The land around her was flat; hills grew, towered, shrank and disappeared. There were rocks and there was flat sand. It was arid with dust twisting and shimmering […]

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Thursday, April 2, 2015 - 18:12 Source

It's a new look ministry for the Baird government in NSW, with a bit of payback thrown in for good measure. Thom Mitchell reports.

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MacroBusiness Thursday, April 2, 2015 - 16:16 Source

Stan Shamu for Chris Weston, Chief Market Strategist at IG Markets China key for Q2 It has been a choppy start to the quarter for global markets and I get a sense that this will be a dominant theme through the Q2. While equities mostly enjoyed a strong Q1, it’s clear that without the support

The post ASX at the close appeared first on MacroBusiness.

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MacroBusiness Thursday, April 2, 2015 - 16:10 Source

Here’s a nice way to go to Easter from the AFR: “The tide is turning,” Pengana Capital strategist Ric Ronge said. “We can’t ring the bell and tell you when commodities are going to rally but common sense suggests there’s more upside than downside.” He estimated global resources were trading at more than a 20 per

The post The worst “buy” argument yet for iron ore appeared first on MacroBusiness.

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Antony Green's Election Blog Thursday, April 2, 2015 - 16:00 Source

Preliminary figures from the NSW Legislative Council election reveal that iVote has an even larger 'donkey vote' than traditional paper ballot papers.

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TPS Extra Thursday, April 2, 2015 - 15:30 Source

It was as his daughter Angela read from Ecclesiastes 3 at the State Funeral of Malcolm Fraser that I was reminded of these memorable words:

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Thursday, April 2, 2015 - 15:19 Source

Abbott joined the China Bank too late to be of any influence on the way it was run. Hockey found Google paid only 295,000 in tax after getting 4.5 million from the Australian taxpayer ‘to get it through its teething difficulties’ and making round two billion in profits here. Andrew Leigh called Hockey ‘all mouth and no trousers’ on multinational tax, twenty billion of which was owed in any year and not paid.

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Thursday, April 2, 2015 - 14:48 Source

In the final instalment of The Conversation’s series Private health insurance in Australia, Lesley Russell, Adjunct Associate Professor at the Menzies Centre for Health Policy at the University of Sydney, asks whether Australians need private...

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MacroBusiness Thursday, April 2, 2015 - 14:34 Source

Cross-posted from The Conversation: ­ The six previous papers in this series highlight the poorly defined role private health insurance plays in the funding and delivery of Australian health care, and how the Abbott government might allow this role to expand. But major changes to Australia’s iconic Medicare system should not happen by stealth. They

The post It’s time for a debate on private health insurance appeared first on MacroBusiness.

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TPS Extra Thursday, April 2, 2015 - 14:30 Source

It was as his daughter Angela read from Ecclesiastes 3 at the State Funeral of Malcolm Fraser that I was reminded of these memorable words:

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Thursday, April 2, 2015 - 14:03 Source

If Gordon is guilty of domestic violence he clearly must resign. If not, there is no reason to remove one of the few Aboriginal men in parliament, writes Amy McQuire.

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MacroBusiness Thursday, April 2, 2015 - 13:28 Source

Big iron equity continues its spectacular outperformance versus its actual business today with more paltry falls versus the calamity unfolding in the price of dirt. BHP is down 0.5% and RIO only 1.4%. The former is still 10% above its December low and RIO 5% above its despite iron ore being 30% lower now. To the

The post Big iron equity stiffens chin into knockout appeared first on MacroBusiness.

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MacroBusiness Thursday, April 2, 2015 - 13:07 Source

As US and Australian data fades in tandem, the Australian bond bull market has strapped on the afterburners and yields are getting trashed. The two year hit an all-time low of 1.67% last night is now trading at 1.69%. The 5 and 10 years also hit all-time lows and now trading at 1.84% and 2.31% respectively:

The post More record lows for Aussie bond yields appeared first on MacroBusiness.

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Renew Economy Thursday, April 2, 2015 - 12:53 Source

New data shows major global infrastructure funds rushing to invest in portfolios of PV power stations, to catch the big solar wave.

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The Idiot Tax Thursday, April 2, 2015 - 12:48 Source

If you've read this site for any length of time you'll know I'm just a little critical of how supposedly "good news" is reported in Tasmania. Mirage is the word that often comes to mind. After...

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Thursday, April 2, 2015 - 12:44 Source

Global investment in renewables was up by 17 per cent to $270 billion last year, but investment in Australian renewables continues to plummet.

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Thursday, April 2, 2015 - 12:44 Source

The Tasmanian independent has launched a new political party and shredded the rule book — and basic facts — in the process. Max Chalmers reports.

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MacroBusiness Thursday, April 2, 2015 - 12:40 Source

By Leith van Onselen The Australian Bureau of Statistics (ABS) has released trade data for the month of February, with Australia recording a seasonally-adjusted trade deficit of $1,256 million. The result just beat analyst’s expectations, who had expected a trade deficit of only $1.3 billion. It was the eleventh monthly trade deficit in a row

The post Falling AUD saves Aussie tourism appeared first on MacroBusiness.

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Renew Economy Thursday, April 2, 2015 - 12:38 Source

Latest GWEC report says 2014 'exceptional year' for wind - with more than 51GW added. Except, of course, in Australia.

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Renew Economy Thursday, April 2, 2015 - 12:31 Source

Wealthy nations spend, on average, roughly 5 times more on export subsidies for fossil fuel technologies than for renewables

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Renew Economy Thursday, April 2, 2015 - 12:27 Source

Existing offshore wind is already cheaper than gas-fired power plants. Future offshore wind farms will be cheaper still.

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Renew Economy Thursday, April 2, 2015 - 12:20 Source

Small-scale, distributed solar is currently producing nearly 100 times more electricity than large-scale, centralised solar in Australia.

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Renew Economy Thursday, April 2, 2015 - 12:17 Source

100kW solar array installed at Sydney car dealership, including parking area, to help cut power bills by half.

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Renew Economy Thursday, April 2, 2015 - 12:11 Source

Why is Australia solar so fascinating, and why does it get so much internet ink?

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MacroBusiness Thursday, April 2, 2015 - 12:05 Source

Nice little interactive here from The Australian:

The post Iron ore miner breakevens revisited appeared first on MacroBusiness.

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MacroBusiness Thursday, April 2, 2015 - 11:54 Source

Only a few pips from a new low…

The post Australian dollar tumbles to lows appeared first on MacroBusiness.

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MacroBusiness Thursday, April 2, 2015 - 11:47 Source

By Leith van Onselen The Australian Bureau of Statistics (ABS) has released job vacancies data for the February quarter, which recorded a 0.7% seasonally adjusted increase over the quarter, and a 1.2% rise in trend terms: Over the year, job vacancies rose by 6.2% seasonally adjusted and by 6.3% in trend terms. Changes in vacancies

The post Job vacancies follow the bubble appeared first on MacroBusiness.

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MacroBusiness Thursday, April 2, 2015 - 11:32 Source

A couple of charts today from Morgan Stanley throw light on the question. First, iron ore inventories at steel mills:   Mills have destocked in recent weeks to 24 days of use. That is the bottom of the recent range. But with price momentum so strongly to the downside I don’t really see any reason

The post How long can China destock iron ore? appeared first on MacroBusiness.

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MacroBusiness Thursday, April 2, 2015 - 11:19 Source

TD Securities’ monthly inflation rose 0.4% in March and 1.5% over the past year. The trimmed mean rose 1.6%. Annette Beacher said: “While low inflation certainly allows the RBA to cut the cash rate further, we pencil in only one more cash rate reduction to 2 per cent in May, with risks of delay into the

The post TD monthly inflation bounces appeared first on MacroBusiness.

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Renew Economy Thursday, April 2, 2015 - 11:10 Source

NSW removes position focused on renewable energy, although anti-wind planning minister demoted, and replaced by pro-renewable advocate.

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