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MacroBusiness Tuesday, May 12, 2015 - 13:29 Source

From Goldies yesterday: …we believe iron ore exports misfired slightly in April in both Australia and Brazil, the world’s largest exporters. In aggregate, we estimate the April shortfall in seaborne supply from these two countries was c.6Mt, roughly equivalent to the monthly supply from South Africa, the 3rd largest exporter. Meanwhile, Chinese steel mills have become comfortable with low inventory

The post More on the Goldman iron ore short appeared first on MacroBusiness.

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Left Focus Tuesday, May 12, 2015 - 13:11 Source

 by Tristan Ewins, ALP Socialist Left member of over 20 years Friends and Comrades;Not long ago a ‘Consultation Draft’ of the National Platform of the Australian Labor Party was released for purposes of feedback between now and National Conference in July this year.  Over the coming weeks I will release commentary on this consu

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MacroBusiness Tuesday, May 12, 2015 - 12:55 Source

by Chris Becker The weekly ANZ-Roy Morgan consumer confidence index lifted slightly but the trend is still well down: ANZ chief economist Warren Hogan: The RBA’s rate cut last week looks to have supported households’ confidence around their finances. However, it is no surprise that consumers remain concerned about the economic outlook with unemployment reported to

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Renew Economy Tuesday, May 12, 2015 - 12:03 Source

Another coal-fired power plant will close in Australia, after Alcoa failed to find a buyer and the plant lost its social licence to operate. More will follow, but not so quickly if Coalition continues to protect the fossil fuel industry.

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MacroBusiness Tuesday, May 12, 2015 - 11:53 Source

From Mac Bank: While we are bullish on China property stocks, physical market recovery should be moderate (no V-shaped rebound) and differentiated. We expect continued improvement in the sales performance of smart developers in T1/2 cities but do not expect a free ride for those focusing on T3/4 cities. We also do not expect a strong positive impact on

The post More on Chinese property bifurcation appeared first on MacroBusiness.

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MacroBusiness Tuesday, May 12, 2015 - 11:46 Source

No real surprise here from ABS housing finance for March given the leading indicators showed it coming but still: MARCH KEY FIGURES Trend estimates Seasonally adjusted estimates Mar 2015 Feb 2015 to Mar 2015 Mar 2015 Feb 2015 to Mar 2015 Value of dwelling commitments(a)(b) $m % change $m % change Total dwellings 31 264

The post Investor mortgages rip higher appeared first on MacroBusiness.

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Tuesday, May 12, 2015 - 11:35 Source

I would have let through Liz’s big lie, ‘John Howard walked all over Kim Beasley’ had she spelled correctly ‘Beazley’, a Labor surname known by the nation since 1945.

But she not only said of the man who won back eighteen seats from the Liberals and four hundred thousand more votes than them that Howard ‘walked all over’ him, she also failed to spell the name of the party saviour, a friend of mine, whom she was so ignorantly and unjustly deriding.

It was the act of a moron, and I said so.

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Renew Economy Tuesday, May 12, 2015 - 11:34 Source

Labor said there would be no deal on a reduced renewable energy target if the Coalition government insisted on another review in 2016.

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MacroBusiness Tuesday, May 12, 2015 - 11:25 Source

From commenter Ronin8317: He may be laying the groundwork for a tilt at politics. While Clive Palmer’s party turn into a farce, a Forrest plus ALP/LNP government WILL implement all the horrible policies mentioned. The swing seat voters tend to be people who takes Alan Jones and Daily Telegraph as the gospel. Nationalism plays very

The post Is Twiggy getting set for politics? appeared first on MacroBusiness.

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MacroBusiness Tuesday, May 12, 2015 - 11:20 Source

From MiningM: ANGLO American may nudge production from its Minas Rio iron ore mine to 29 million tonnes/year by 2020 as it optimises its processes, but it was unlikely to embark on a second stage expansion, at least in the medium-term. Paul Castellari, CEO of Anglo American’s iron ore business unit in Brazil, said today

The post Anglo plots iron ore expansion appeared first on MacroBusiness.

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Tuesday, May 12, 2015 - 11:11 Source

One of the most significant changes to our health system over the past two decades is the increasing role of consumers and the community.  Consumers are now involved at some level in most areas of health care, from the design of research trials to...

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Tuesday, May 12, 2015 - 11:07 Source

Dr Liz has refused to apologise, and this blog is at an end.

Ellis Gold will continue, and its price by Christmas will double.

See above.

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Popular Science Tuesday, May 12, 2015 - 10:53 Source

In many people's minds, mice are cheese junkies, thanks, in no small part, to watching endless hours of Tom and Jerry cartoons. But in reality, mice are optimal foragers, which means they'll eat whatever provides the most energy and takes the least time and effort to get, says Robert Corrigan, an urban rodentologist who works with the New York City Department of Health and Mental Hygiene. In general, a mouse prefers seeds, grains, or nuts over cheese; one cup of mixed nuts provides about 800 calories, while a cup of shredded Swiss only clocks in around 400.

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Popular Science Tuesday, May 12, 2015 - 10:53 Source

Even though cancer cells grow out of control in the body, they are hard to keep alive in the lab. That makes it really difficult for researchers to understand how they work, and to test the efficacy of cancer-fighting treatments. Now an international team of scientists has been able to recreate a patient's gut using cancer cells, according to a study published in the journal Cell.

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Popular Science Tuesday, May 12, 2015 - 10:53 Source

It is a truth universally acknowledged that everyone hears the call of nature. Even in space. However, doing your business in a weightless environment is a bit more challenging than here on Earth, with the absence of gravity working against your… goals.

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Popular Science Tuesday, May 12, 2015 - 10:53 Source

For the U.S., reestablishing diplomatic relations with Cuba means more than imports of the world's best cigars—it could mean a better way to stop their damage. Cuban scientists spent decades developing a lung cancer vaccine, called Cimavax.

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Popular Science Tuesday, May 12, 2015 - 10:53 Source

In Paradise Valley, Arizona, prickly plants have been recruited to catch lawbreakers. According to a Fox 10 report, the town has hidden a set of license-plate readers in artificial cacti. Paradise Valley has been installing readers since February, but they haven't been as sneaky as these hidden cact-eye.

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Popular Science Tuesday, May 12, 2015 - 10:53 Source

Oops. And it's on the cover of the latest issue of Popular Science too. Last Friday, the AeroMobil 3.0 prototype, crashed during a flight test in Slovakia. When the flying car ran into trouble, its pilot, company co-founder Štefan Klein, deployed a whole-aircraft parachute, which slowed the descent and saved Klein's life. But the impact on the ground seems to have destroyed the craft itself.

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Popular Science Tuesday, May 12, 2015 - 10:53 Source

The future is unevenly distributed in favor of the United Arab Emirates. Recently, two men donned jetpacks and flew into the night air above Dubai.

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Popular Science Tuesday, May 12, 2015 - 10:53 Source

Moving a mountain is considered about as possible as emptying an ocean with a teaspoon. Sure, over time, the rocky peaks of a mountain can be worn down and moved by millions of years of weathering and erosion, but moving it in one fell swoop? Impossible.

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Popular Science Tuesday, May 12, 2015 - 10:53 Source

While a bevy of companies are all trying to popularize virtual reality, some think that current VR technology doesn't go far enough. Oculus Rift and Samsung's Gear VR might let you see a virtual world, but a company called Feelreal is running a Kickstarter campaign for their VR mask, which aims to let your other senses--including smell and touch--in on the fun.

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Popular Science Tuesday, May 12, 2015 - 10:53 Source

Today, the US Department of the Interior's Bureau of Ocean and Energy Management (BOEM) granted Shell approval to drill for oil and gas in the Arctic Ocean. Once the company obtains a laundry list of permits from various state and federal agencies, they will be able to drill up to six exploratory wells in the Chukchi Sea, 70 miles away from the town of Wainwright, Alaska. The sea's water is about 140 feet deep.

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Popular Science Tuesday, May 12, 2015 - 10:53 Source

You want to know why we can't have nice things? People, that's why. Self-driving cars are just trundling along, minding their own business, when people decide to do something crazy. That's what Chris Urmson, the director of Google's self-driving car program, writes in a recent post at Backchannel.

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Popular Science Tuesday, May 12, 2015 - 10:53 Source

Humans, like other primates, aren't born with the ability to discriminate between faces--it takes time for the brain to develop enough to do so. Though researchers have long hypothesized that the inferior temporal cortex, which processes visual stimuli, was also where the brain distinguished faces, they didn't have any proof. Now, researchers from MIT have identified the neurons in macaque monkeys that help them identify whether a human face is male or female.

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MacroBusiness Tuesday, May 12, 2015 - 10:35 Source

by Chris Becker As we await for the awe-inspiring Budget tonight, two fascinating insights into how the Australian economy is viewed, through domestic and foreign eyes. First, the usual “everything is fine, relax, we’ve built a bomb shelter” narrative from the mainstream press, highlighting the perfect AAA rating: There have been some scary-sounding predictions about

The post Perfecting delusion about ratings appeared first on MacroBusiness.

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Tuesday, May 12, 2015 - 09:57 Source

The more things change, the more they stay the same. Particularly when it comes to responsible reporting of Aboriginal poverty. Amy McQuire explains.

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MacroBusiness Tuesday, May 12, 2015 - 09:56 Source

More contradictory and twisted drivel from Twiggy today. Today’s installment is quite incoherent and difficult to argue against because there is no argument, just a series of shifting goal posts with the hope of apportioning  enough blame that panic takes hold.   I can only repeat the following in the hope that some of my countryman

The post Twiggy maintains the big whinge at the ABC appeared first on MacroBusiness.

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MacroBusiness Tuesday, May 12, 2015 - 09:49 Source

The AFR has picked up one of MB’s consistent themes: Gavin Hegney, of Perth-based valuers Hegney Property Group, said supply of property had surpassed demand and home prices would likely drop in the coming year. Yep: Back the article: “People are using low interest rates to get ahead in their mortgage rather than upgrade,” he said. “We’ll give up 1 or

The post WA property crash (sort of) goes mainstream appeared first on MacroBusiness.

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Tuesday, May 12, 2015 - 09:24 Source

My fight with Dr Liz has aroused a lot of respondents now withdrawing their Ellis Gold payments. My inclination is to end this blog now. To prevent this, Dr Liz can apologise for calling me a misogynist child murderer, and …

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Tuesday, May 12, 2015 - 09:23 Source

For those following Croakey’s #JustJustice campaign, please join us for two online events this week: • Today shortly after 1230, an interview on Periscope with forensic psychiatrist Dr Marshall Watson, a Noongar man. At a Creating Futures...

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