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Renew Economy Tuesday, May 5, 2015 - 09:54 Source

Digging out the detail behind the hype of the Tesla Power Wall and what it could all mean.

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MacroBusiness Tuesday, May 5, 2015 - 09:46 Source

by Chris Becker ANZ has followed Westpac this morning with its first half profit result which along with a positive Wall Street lead should drag the financials up this morning. The headline and bottom line results look very firm: first-half profit rose 3.4% net profit of $3.51 billion (up from $3.39 billion) cash profit up

The post ANZ boosts profit but margins squeezed appeared first on MacroBusiness.

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MacroBusiness Tuesday, May 5, 2015 - 09:44 Source

From ANZ/Roy Morgan: BECAUSE I’M (NOT) HAPPY • Consumer confidence fell 2.8% last week, fully reversing the bounce in the previous week. Looking through the weekly volatility, confidence has been trending lower since late last year and remains below long-run average levels. • The deterioration last week was fairly broad-based, with particular weakness in confidence

The post Roy Morgan consumer confidence hits new low appeared first on MacroBusiness.

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Popular Science Tuesday, May 5, 2015 - 09:33 Source

Bought a drone, and want to fly it legally, but have no idea where to do that? A new map created by drone hobbyists and enthusiasts aims to be an atlas, laying out the legal landscape for piloting unmanned vehicles.

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Popular Science Tuesday, May 5, 2015 - 09:32 Source

The J-11D Flanker fighter is the latest Flanker variant, and with an AESA radar, may be even more advanced that its Russian counterpart, the Su-35.

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Popular Science Tuesday, May 5, 2015 - 09:32 Source

Airline travel can often feel like a game of roulette when it comes to your luggage: It gets lost, misrouted, or even confused for someone else's suitcase. But a collaboration between technology giant Samsung and luggage purveyor Samsonite could put an end to that, thanks to the same technology utilized in our smartphones.

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Popular Science Tuesday, May 5, 2015 - 09:32 Source

Cervical cancer kills about 4,000 women per year. Although those numbers are lower than they have been in the past, almost all of these deaths are entirely preventable. Cervical cancer is cased by certain strains of the human papillomavirus, or HPV, which is transmitted by sexual contact, causing normal cells to become cancerous over time. Cervical cancer has become much less deadly in recent years, due, in part, to more frequent and sophisticated screening methods.

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Popular Science Tuesday, May 5, 2015 - 09:32 Source

This is no garage-built hotrod. NASA's Greased Lightning, a 10-engine tilt-wing airplane, successfully completed a mid-air switcheroo from vertical, helicopter-like takeoff to level, airplane-like flight, and then back to vertical for the landing. It's as systematic, hydromatic, and ultramatic as a tilt-wing drone can get.

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Popular Science Tuesday, May 5, 2015 - 09:32 Source

Men with beards know that their facial hair can do more than just keep their faces warm in the winter. Beards can show how manly you are or save crumbs from your lunch.

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Popular Science Tuesday, May 5, 2015 - 09:32 Source

Want to know a secret? First, knock on wood, and whatever you do, don't tell the hurricanes, ok? This news might inspire them to pick up the pace, and we wouldn't want that.

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Popular Science Tuesday, May 5, 2015 - 09:32 Source

Calorie counting has been helped a lot by the sharp uptick in personal technology, and one team wants to make the process even easier by swapping out your ordinary china with its new SmartPlate.

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Popular Science Tuesday, May 5, 2015 - 09:32 Source

Over the past few years, research and some high-profile incidents have illuminated the harmful long-term effects that concussions can have on football players' brains.

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Popular Science Tuesday, May 5, 2015 - 09:32 Source

Like trying to map the clouds, the legal and regulatory landscape of unmanned aerial vehicles in the United States is subject to frequent change. Projects like AirMap are attempting to map that world, but it's new changes from the FAA that might clear the runway for drone users.

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MacroBusiness Tuesday, May 5, 2015 - 09:17 Source

From the high priest of Triguboffinomics, Gotti, at Dad’s Army: For the first time in many years leading apartment developers have become very nervous about a pending fall in the values of Sydney and Melbourne apartments plus parts of the suburban residential housing market in both cities. Already, prices of inner city Sydney apartments have

The post Triguboffinomic panic! appeared first on MacroBusiness.

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MacroBusiness Tuesday, May 5, 2015 - 09:02 Source

From the Madometer at Dad’s Army: The Australian dollar hasn’t done a great deal since the Reserve Bank of Australia’s February rate cut. In fact it has pushed a little higher, hitting a peak of just over US80c. Not that this is unusual mind you, it’s the same sort of price action we saw in the

The post Madometer signals rate cuts, falling dollar appeared first on MacroBusiness.

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The Melbourne Urbanist Tuesday, May 5, 2015 - 08:57 Source

Should cycling on footpaths be legal?

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MacroBusiness Tuesday, May 5, 2015 - 08:43 Source

By Chris Becker It was green across the board in risk markets last night, save bonds which continued to sell off with the 10 year Treasury yield rising to 2.14% and German bund yields surging up to 0.46%, a near doubling in little under a month. Recapping Asia’s Monday session, the Shanghai Composite continued to

The post Macro Morning (all green) appeared first on MacroBusiness.

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MacroBusiness Tuesday, May 5, 2015 - 08:41 Source

As we head into further RBA rate cuts, today or in the next few months and then again next year, macroprudential measures are going to take centre stage first to control the narrowing number of housing markets in blowoff and then later to provide further easing. MB has noted how useless has been APRA’s 10%

The post Macroprudential tightening arrives, rate cuts to follow appeared first on MacroBusiness.

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The Tally Room Tuesday, May 5, 2015 - 08:39 Source

Voters on Saturday voted in three out of fifteen Tasmanian Legislative Council electorates, and in all three they re-elected their incumbent MLCs.

In the north-eastern seat of Windermere, conservative independent Ivan Dean saw off three centre-left rivals, including endorsed Labor and Greens candidates.

In the north-western seat of Mersey and in the southern seat of Derwent, centre-left independent Mike Gaffney and Labor’s Craig Farrell respectively held onto their seats against limited conservative opposition.

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Tuesday, May 5, 2015 - 07:48 Source

Yesterday, the AFP sought to explain their role in the executions of Andrew Chan and Myruan Sukumaran. Stephen Keim remains unconvinced.

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MacroBusiness Tuesday, May 5, 2015 - 07:07 Source

A hearty congratulations to Warwick McKibbin today for breaking with the closed loop of protection that shrouds RBA integrity to declare at the AFR that: “There are a lot more people who know what the bank is thinking than you would hope,” …Mr McKibbin questioned the delivery on the Friday before the Tuesday meeting of official

The post McKibbin turns RBA leak fears into flood appeared first on MacroBusiness.

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MacroBusiness Tuesday, May 5, 2015 - 07:05 Source

As the iron ore rally persists in conjunction with Twiggy Forrest’s outrageous bluster, the feeble-minded might be duped into believing that the iron ore market balance is improving when, in fact, it is getting worse. I recent days we have seen BHP and Vale cut expansion forecasts by 50 million tonnes. These cuts are distant

The post The iron ore glut is getting worse not better appeared first on MacroBusiness.

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MacroBusiness Tuesday, May 5, 2015 - 00:54 Source

Here are the iron ore charts for May 4, 2015:    Pretty much as expected with the restock continuing. Port Hedland shipments for April were down a little with Atlas pulling tonnes. The numbers should keep climbing incrementally as the year goes on and BHP expands. Dalian is up 10 points overnight. There are a

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

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Tuesday, May 5, 2015 - 00:16 Source

The 100% Dutch-owned subsidiary of Parlevliet & Van der Plas Beheer B.V.

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Tuesday, May 5, 2015 - 00:15 Source

Superannuation is generally taxed more concessionally than some other forms of saving, such as bank deposits, in recognition of the fact that superannuation saving cannot be accessed until retirement. * Pre-tax contributions of up to $30,000 pa ($35,000 for those aged 50 or over) into superannuation funds are taxed at a flat rate of 15 per cent in the fund. * It is also possible to make post-tax contributions of up to $180,000 per annum. * Superannuation fund earnings in the accumulation phase are taxed at 15 per cent, while superannuation fund assets that support a retirement income stream are tax exempt. * Most superannuation benefits to

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MacroBusiness Tuesday, May 5, 2015 - 00:10 Source

You simply have to watch this video of Andrew Forrest on the ABC last night. Here are some of the money quotes: “It’s a bit of one man against a couple of global giants, but I’m after responsibility,” Mr Forrest said. “What’s created [is] anything but a free market. “What’s created [is] a manipulated market [that]

The post Twiggy Forrest’s outrageous war on RIO appeared first on MacroBusiness.

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MacroBusiness Tuesday, May 5, 2015 - 00:05 Source

Exclusively from Michael Pettis’ newsletter: 1. The regulators will try to come up with different measures that maintain high levels of growth without causing significant deterioration in the country’s credit position. These include measures to keep investment levels high while rechanneling them into productive uses, to maintain sufficient liquidity and credit growth, including through the

The post Pettis on the five rules of Chinese stimulus appeared first on MacroBusiness.

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MacroBusiness Tuesday, May 5, 2015 - 00:01 Source

Global Macro / Markets / Investing: PIMCO no longer worlds biggest bond fund - Bloomberg Shale gas boom has gone bust- Bloomberg Why the developing world wont catch US economic cold – Bloomberg (oh really?) Solar energy enjoys a glowing outlook – Reuters Global manufacturing PMI falls to a nearly 2 year low, barely expanding

The post Links 5 May 2015 appeared first on MacroBusiness.

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TPS Extra Monday, May 4, 2015 - 20:14 Source

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WixxyLeaks Monday, May 4, 2015 - 17:13 Source

I thought a little trip down memory lane may be timely given some of my recent posts regarding the goings on in the Wollongong electorate and the questionable manner in which Sussex St has been dealing with the matter.

Below is a part of the Hansard Transcript of a debate in NSW Parliament on  an ammendment to the Election Funding Political Donations and Expenditure) Bill 2008 from 24th June 2008, the entire transcript can be viewed via this link.

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