Blogotariat

Oz Blog News Commentary
MacroBusiness Thursday, May 28, 2015 - 16:17 Source

Chris Weston, Chief Market Strategist at IG Markets Asia equity markets really are beating to their own individual drum at present, with such interesting and compelling market and economic thematics unique to the geography. Equity markets in China, Japan, Australia and Korea are exerting such limited correlations it is, in theory, making investors’ geographical preference

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Thursday, May 28, 2015 - 15:30 Source

'All sizzle and no sausage' describes Tony Abbott's national security misadventures, writes Ben Eltham. 

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MacroBusiness Thursday, May 28, 2015 - 15:25 Source

From Fairfax: More borrowers are falling behind on their home loan payments in mining towns, as resources hot-spots feel the pain of plunging commodity prices, Standard & Poor’s says. “The fall in iron ore prices during the past 12 months has coincided with a rise in arrears in mining areas,” a report from the credit

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MacroBusiness Thursday, May 28, 2015 - 15:15 Source

From around the web.: JPMorgan economist Tom Kennedy Weak numbers across the board. It looks like capex is going to be a bit more of a drag on GDP than we had pencilled in. We had 0.5 per cent and we are in the process of adjusting it. I would say there is some downside risk.

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The Australian Independent Media Network Thursday, May 28, 2015 - 15:08 Source

Few things in life give me greater cause for optimism than those light bulb moments when you finally get your stubborn head around an evidently simple concept. Whether it’s a diagnosing an electrical fault or learning how to gently drop a stylus into a record groove, the delicate art of reverse parallel parking or simply riding a bicycle, human capacity for learning never ceases to amaze me. We learn new ideas every day.

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MacroBusiness Thursday, May 28, 2015 - 14:59 Source

From the Kouk: Whoops! Private sector capital expenditure fell again in the March quarter. Down 4.4 per cent after a fall of 1.7 per cent in the December quarter. In trend terms, business investment has fallen for 11 straight quarters, something that has not been seen since the early 1990s recession. Since the Federal election

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Thursday, May 28, 2015 - 14:55 Source

A Victorian judge has ordered the Department to pay costs after it ignored an initial ruling allowing lawyers to inspect the facility. Max Chalmers reports.

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Renew Economy Thursday, May 28, 2015 - 14:52 Source

Norway pension fund, the world's largest, to dump coal investments; ANZ launches largest Australian green bond for investment in renewables and low carbon buildings, while investors try to force Chevron to return money to shareholders rather than throwing it away on fossil fuel exploration.

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Renew Economy Thursday, May 28, 2015 - 14:52 Source

NSW special needs school overcomes heritage restrictions, tree shading to install a rooftop solar system to match its energy needs, including a heated pool.

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Renew Economy Thursday, May 28, 2015 - 14:51 Source

No snow coming in, more ice melting out. New climate data suggests global warming could leave the Mount Everest region glacier free by 2100.

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Renew Economy Thursday, May 28, 2015 - 14:51 Source

Latest global competitiveness rankings paint a bleak picture for Australia, which has now fallen behind NZ and is fast losing ground as a 'smart' economy.

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Renew Economy Thursday, May 28, 2015 - 14:50 Source

California has a 33% renewable energy target for 2020. Even in springtime, it is already achieving that target on certain days.

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MacroBusiness Thursday, May 28, 2015 - 14:33 Source

By Leith van Onselen Core Logic-RP Data has released new research showing that the current housing “boom”, which has been underway since May 2012, is far weaker and much narrower than the 2001-04 and late-1980s booms: For example, in Sydney prices have risen by 38.8% since May 2012, which is well below the 60.2% rise

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MacroBusiness Thursday, May 28, 2015 - 13:54 Source

There’s lot’s of material floating around the media on today’s capex numbers most of which is like this from ANZ: “Today’s Capex release provides further evidence that the transition toward investment in the non-mining sectors remains quite some time away,” ANZ economists Felicity Emmett and Daniel Gradwell said. “The further decline, from an already weak outlook,

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Renew Economy Thursday, May 28, 2015 - 13:39 Source

Pushing federal govt to change RET legislation can't be the only strategy. If it fails, Victoria must go around Abbott to set its renewables target.

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MacroBusiness Thursday, May 28, 2015 - 12:58 Source

The time has come to call a spade a spade. Australia is headed into recession in the next twelve to eighteen months. It may not technically meet the criteria of two successive quarters of negative growth (though the chances are increasing fast) given the large net exports uplift from commodity volumes but it’s not going to

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MacroBusiness Thursday, May 28, 2015 - 11:55 Source

By Leith van Onselen The Australian Bureau of Statistics (ABS) today released data on capital expenditures (capex) for the March quarter of 2014, which registered a 4.4% seasonally adjusted fall in capex over the quarter and a 5.3% decrease over the year. The result badly disappointment analyst’s expectations of a 2.2% fall over the quarter

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MacroBusiness Thursday, May 28, 2015 - 11:46 Source

The ABS has release the all important Private Capex survey for the March which contains the second estimate for the 2015/16 year ahead. The news is…well…disastrous: Estimate 2 for total capital expenditure for 2015-16 is $104,033m. This is 24.6% lower than Estimate 2 for 2014-15. The main contributor to this decrease is Mining (-34.9%). Estimate

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Thursday, May 28, 2015 - 11:14 Source

Testing….

Italics gone.

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MacroBusiness Thursday, May 28, 2015 - 10:53 Source

By Leith van Onselen Australia’s new found fondness for expensive highrise shoeboxes has taken a potentially deadly turn, with ABC’s 7.30 Report last night running a segment on the cheap combustible cladding that has covered potentially thousands of buildings across Australia, which last November sent a Docklands building into a towering inferno: LEIGH SALES, PRESENTER:

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Renew Economy Thursday, May 28, 2015 - 10:44 Source

Australia risks becoming a ‘fossilised’ economy unless we take action on climate change without delay. Dragging our heels is not a smart, or fair, idea.

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Thursday, May 28, 2015 - 10:30 Source

Legal Aid NSW is putting the state government to shame in its push to increase its Aboriginal workforce. Amy McQuire reports.

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Popular Science Thursday, May 28, 2015 - 10:28 Source

Travel to and from the International Space Station occurs with such regularity these days, it hardly seems worth remarking. The only exception is when things go wrong, as with the recent case of the errant Russian Soyuz cargo spacecraft (which fortunately had no people aboard).

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Popular Science Thursday, May 28, 2015 - 10:28 Source

If I hadn't worked in a fruit fly genetics lab in college, I might still be a scientist today. Our lab studied how sperm compete inside the female fruit fly's reproductive tract, which was cool, but the actual work was monotonous. I would get nosebleeds as I etherized the little buggers so they'd lie still. Then, squinting, we'd use a paintbrush to delicately sort them into groups of males and females based on the shade and shape of their tiny, tiny abdomens. From there, we sorted them by eye color—red, orange, or white. After a big experiment we'd have to do this for hours at a time. It was a headache, literally.

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Popular Science Thursday, May 28, 2015 - 10:28 Source

From sophisticated imaging tools to cancer-sniffing dogs, researchers are constantly seeking better ways to detect disease, which could lead to earlier and more effective treatment.

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Popular Science Thursday, May 28, 2015 - 10:28 Source

A major hurricane hasn't made landfall in the United States in nine years, and early forecasts of the 2015 season show that there won't be many hurricanes rushing towards the finish lines of the Atlantic or Gulf coasts to break the streak.

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Popular Science Thursday, May 28, 2015 - 10:28 Source

"Air Force" is becoming an increasingly inaccurate name for the flying branch of America's armed forces. Responsible for some but not all of its aerial machines, the Air Force is also in charge of domains beyond the reach of ocean-bound navies or ground-hugging armies; it wants to guarantee American military superiority in both cyberspace and actual space, and to that end, they're now letting a second venture carry their projects into the vacuum beyond our planet.

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Popular Science Thursday, May 28, 2015 - 10:28 Source

Robots don't feel pain, which is good, because what this six-legged robot does would be almost impossible with anything even resembling a human nervous system. Published today in Nature, “Robots that can adapt like animals,” looks at a robot that can relearn how to walk after losing multiple limbs. It's a fascinating study into machine adaptation, and easy fuel for countless terrifying pulpy sci-fi plots.

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MacroBusiness Thursday, May 28, 2015 - 10:25 Source

From Goldies: Voluntary production cuts are appealing in theory… The role that low cost expansions in Australia and Brazil are playing in driving iron ore prices lower has come into focus among investors, corporates and even policy-makers. With government receipts under pressure and the commercial viability of smaller producers at risk, many voices have asked for a change of

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MacroBusiness Thursday, May 28, 2015 - 10:07 Source

By Leith van Onselen Independent senators Jacqui Lambie, Glenn Lazarus and Nick Xenophon yesterday called for the Government to extend the Pension Loans Scheme – a state-run reverse mortgage scheme that allows eligible retirees to borrow against their homes to receive payments from the Government equivalent to the full age pension – to all retirees.

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