Blogotariat

Oz Blog News Commentary
MacroBusiness Monday, July 27, 2015 - 00:33 Source

Core Logic-RP Data released its auction market report yesterday, which revealed a slight improvement in the national auction clearance rate. The preliminary national clearance rate was 77.7%, up marginally from the 77.0% rate recorded last weekend, according to Core Logic-RP Data: Sydney’s clearance rate rose by 0.1% to 82.7%, whereas Melbourne’s was 76.5%, up from

The post Auction clearances stuck at high level appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Read more Views: 292
MacroBusiness Monday, July 27, 2015 - 00:32 Source

Mr Ross Gittins continues the campaign for national ignorance today: Rummaging through the media’s rubbish bins this week, I happened upon some good news. According to the Productivity Commission’s annual update, the productivity of labour improved by 1.4 per cent in 2013-14. And get this: in the 12-industry “market sector” of the economy, it improved by 2.5

The post Productivity remains very poor appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Read more Views: 382
MacroBusiness Monday, July 27, 2015 - 00:30 Source

Yanis Varafoukis is not finished it seems, from ekathimerini: Former Finance Minister Yanis Varoufakis has claimed that he was authorized by Alexis Tsipras last December to look into a parallel payment system that would operate using wiretapped tax registration numbers (AFMs) and could eventually work as a parallel banking system, Kathimerini has learned. In a

The post Mirabile dictu: Greece did prepare Drachma appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Read more Views: 225
MacroBusiness Monday, July 27, 2015 - 00:30 Source

By Leith van Onselen As reported by Fairfax’s John Garnaut over the weekend, Australia appears only days away from signing the controversial Trans-Pacific Partnership (TPP) trade agreement – the US-led trade pact between 12 Pacific Rim nations: “It could be done this week,” said Trade Minister Andrew Robb last night, as he prepared to depart

The post Australia only days from signing the TPP appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Read more Views: 306
MacroBusiness Monday, July 27, 2015 - 00:05 Source

Here are the iron ore charts for July 24, 2015: Qingdao spot faded but Tianjin benchmark rose 0.2% to $50.70. Singapore 12 month swaps faded too. Dalian firmed slightly but pulled a rabbit out of the hat Friday night jumping 9 points to 389, perhaps the only commodity in the world to rise. Rebar average also

The post Daily iron ore price update (major miner carnage) appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Read more Views: 405
MacroBusiness Monday, July 27, 2015 - 00:05 Source

The Brent oil price continued its march lower Friday night ending down another 2% at $54.63. The culprit was easy enough to find. The US rig count took off, up 19 TO 876: I continue to target $50 but it has to be said that if we get a decent run of rigs then we’re going

The post Daily oil price update (Holy Grail halved) appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Read more Views: 214
MacroBusiness Monday, July 27, 2015 - 00:03 Source

Uh oh, from Investing in Chinese Stocks: There will be few, if any, new ghost cities in the future because former Vice Minister of the Ministry of Housing and Urban Development, Qiu Baoxing, says leaders will be held accountable. In his speech, Qiu noted that developing countries can not rely on speculation and land to

The post China outlaws ghost cities appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Read more Views: 191
MacroBusiness Monday, July 27, 2015 - 00:02 Source

Here’s the original text from Bridgewater on its China back-flip via FTAlphaville: Totally agree. As I’ve said, steeper glide slope. The full PDF is here.

The post Ray Dalio on why he turned China bearish appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Read more Views: 373
MacroBusiness Monday, July 27, 2015 - 00:01 Source

Global Macro / Markets / Investing: Gold is doomed – Washington Post Junk-Debt Market Rocked as Cautious Creditors Stymie New Deals – Bloomberg Hedge Funds Hold First Ever Net-Short Position in Gold – Bloomberg Emerging market currencies crash on Fed fears and China slump – The Telegraph The Three Cs Keeping CFOs Up At Night:

The post Links 27 July 2015 appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Read more Views: 250
The Australian Independent Media Network Sunday, July 26, 2015 - 22:19 Source

There’s something odd about Bronwyn Bishop and Sophie Mirabella’s wedding.

You most probably think that the odd thing is “why would anybody want to invite Bronwyn Bishop to their wedding?”

No, that’s not it.

Or you might think that it’s odd that anyone would want to attend Sophie Mirabella’s wedding anyway.

No, that’s not it either.

This is what I think is odd:

Read more Views: 381
Sunday, July 26, 2015 - 20:13 Source

There are so many reasons that people working in the health sector should consider supporting the @IndigenousXLtd crowdfunding campaign, according to Dr Tim Senior, a GP who works in Aboriginal health. Check them out below – and have a listen...

Read more on the blog...

Read more Views: 313
The Australian Independent Media Network Sunday, July 26, 2015 - 20:00 Source

By Loz Lawrey

In the Australian political sphere, clear, well-defined and distinct philosophical approaches have always informed policymaking on both sides of the political divide.

Right-wing pundits see themselves as living in the “real world”, dismissing dissenting views as those of “leftist dreamers”. Labor voters tend to draw inspiration from our shared vision of the “light on the hill”.

Read more Views: 365
The Political Sword Sunday, July 26, 2015 - 18:30 Source

[The opening of Australia’s first parliament by Tom Roberts]

Last week I gave a brief outline of how the Westminster parliamentary system evolved in England. Then came Australia which largely adopted the British parliamentary system and recognised the British monarch as head of state.

Read more Views: 880
The Australian Independent Media Network Sunday, July 26, 2015 - 18:00 Source

By Keith Davis

There is so much to love about Australia. We love living here, and visiting celebrities are wise enough to say how much they love visiting here. We see ourselves as egalitarian, as fair and open-minded, as welcoming, and as free as the kangaroos jumping about in the paddocks. We are also a tad delusional.

Read more Views: 383
The Australian Independent Media Network Sunday, July 26, 2015 - 17:35 Source

To save Bill Shorten’s shaky leadership, the Labor Right were successful in getting refugee turnbacks through the ALP National Conference only by capitulating to the Left on a range of other policy measures.

The Australian Labor Party National Conference has dominated the news headlines for the better part of a week.

Read more Views: 348
Sunday, July 26, 2015 - 15:54 Source

(Update, 27 July: A comment from the Federal Department of Health has been added at the bottom of this post Update, 28 July: An open letter from health academics at UTS has been added to this post) Doctors and academics are warning the Federal...

Read more on the blog...

Read more Views: 490
The Idiot Tax Sunday, July 26, 2015 - 14:46 Source

If you want to a grand spectacle of over-regulation, under-regulation and bald faced lies told to a populace on a daily basis, come to Australia. You can marvel as the peeps you meet bend over and...

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Read more Views: 1,101
The Australian Independent Media Network Sunday, July 26, 2015 - 13:38 Source

In 2013, with 4.3 per cent of the primary vote, the Nationals won 9 seats in the House of Representatives. The Greens, with 8.6 per cent of the primary vote, won one.

But even with this disproportionate representation, the National Party seem unwilling or unable to act in the best interests of their constituents.

Read more Views: 419
The Australian Independent Media Network Sunday, July 26, 2015 - 12:22 Source

“Alan Jones, on your radio program, you often abuse, berate and belittle callers with whom you disagree. On Q&A, you are reasoned and respectful of the people asking questions, to the extent that I sometimes think you’re not as bad as you’d like us to think. Is your radio persona pure entertainment and, if so, who is the real Alan Jones, and do you believe that you are using your platform in a responsible way that encourages constructive debate?” Anthony Johnsen, Q&A 20th July

Read more Views: 525
The Australian Independent Media Network Sunday, July 26, 2015 - 11:23 Source

Recently, Greens leader Richard Di Natale stepped up to the plate and called for bipartisan support for drug law reform. He believes we can start by adopting the Portugal approach which involves treating drug addiction as a medical issue rather than a criminal matter.

Read more Views: 660
The Australian Independent Media Network Saturday, July 25, 2015 - 23:41 Source

The following is a guest post by the Alexandria ALP Branch.

There’s an anger in Western Sydney that could cost us the next election – “our schools, trains, roads, hospitals are full of refugees”.

We allowed and encouraged this anger to focus on how refugees can be stopped, a good Liberal issue.  We ignored and continue to ignore the underlying issue of our schools, trains, roads, hospitals being full. We allowed a single Liberal issue to displace a suite of good Labor issues.

Read more Views: 502
Digitopoly Saturday, July 25, 2015 - 20:28 Source

Jet-logo-jpgLast week, Jet.com, a new retail outlet created by the founder of diapers.com was launched. It basically offers many household staples for very low prices and what is more, the more you buy, the lower the price goes. The idea is similar to Costco or Sam’s Club.

Read more Views: 1,076
Saturday, July 25, 2015 - 18:03 Source

After a messy bout, the party has fallen into line with the Abbott government. Max Chalmers reports.

Read more Views: 310
Drag0nista's Blog Saturday, July 25, 2015 - 13:35 Source

The Political Weekly: Tony Abbott knew a big story was just around the corner. All he had to do was wait.

Read more Views: 574
The Australian Independent Media Network Saturday, July 25, 2015 - 13:06 Source

Below is the video of Bill Shorten’s address at the Labor Conference, regarding Asylum Seeker and immigration policies. Key points from the address are listed below:

Key Points:

Read more Views: 718
Cheeseburger Gothic Saturday, July 25, 2015 - 12:46 Source

When I realised it was my turn to write the Saturday News Review column for SMH and Bronnie was still Speaker of Parilament, I was so excited I could hardly finish my foie gras. There were two challenges for this column.

Read more Views: 496
The Australian Independent Media Network Saturday, July 25, 2015 - 11:21 Source

In February this year, Tony Abbott addressed a hostile party room to explain why he should not only lead them, but the nation.

Did he outline a grand vision for the future? No.

Did he argue the soundness of his policy direction? No.

So how did Tony convince them that he was the right man for the job?

“I can beat Shorten,’’ he said.

And there we have it. The attack dog, the sledger, the guy who throws the first punch.

Mr Abbott pleaded with his MPs that he “can fight the Labor Party but I’m not very good at fighting the Liberal Party’’.

Read more Views: 430
The Australian Independent Media Network Saturday, July 25, 2015 - 10:52 Source

Some years ago while studying for a degree in fine art we were asked to write an essay on the above title. At least that what I thought. However, when discussing this subject with some fellow students during a class break, the talk turned to what indeed we were to write about. I said it was about “conversation with art”, but others insisted it was “conservation”. I said that conversation for me seemed to me to be more intellectually compelling, all embracing and would accommodate conservation anyway. Well that was my take on it. Thus the title for this essay.

Read more Views: 581
The Australian Independent Media Network Saturday, July 25, 2015 - 09:25 Source

(Image: CLASSROOM OF THE FUTURE UNDER LIBERAL EDUCATION POLICY)

Ok, for the purposes of this, I’m going to ignore all the minor parties, including The Greens, so there’s no need to start the argument about them having much better credentials in any of these areas. But hey, it’s a free country, feel free to have another Labor versus Green argument and ignore the main point I’m trying to make.

Let’s look at where Labor seems to have an electoral advantage over the Liberals:

Read more Views: 494
The Australian Independent Media Network Saturday, July 25, 2015 - 08:00 Source

I don’t like listening to Tony Abbott at the best of times, but sometimes he comes out with some absolute gems of stupidity that can’t be ignored. At other times he astounds me with his penchant for hypocrisy, and of course there are his litany of regular lies that are nothing less than jaw dropping.

And just when we think we’ve heard everything up pops this little gem from a speech he made in 2004 to the Young Liberals:

Read more Views: 526

Pages