Blogotariat

Oz Blog News Commentary
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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Thursday, May 28, 2015 - 09:40 Source

Jennifer Doggett reports from Darwin:  ‘Possibilities’ was the theme of the final day of #ruralhealthconf, and the ideas put forward by the keynote and concurrent session speakers challenged delegates to broaden their horizons and re-think narrow...

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MacroBusiness Thursday, May 28, 2015 - 09:38 Source

From Citi: The long-term threat of steel scrap to Chinese iron ore demand remains underestimated, and this point was the greatest area of pushback from last year’s iron ore book (Global Iron Ore – Vive La Différence!). However, as Chinese steel demand has slowed even faster than forecast, the medium and longer term threat posed by scrap to iron

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MacroBusiness Thursday, May 28, 2015 - 09:20 Source

The IMD World Competitiveness Index is out today and the story is poor for Australia.  From CEDA: Australia has dropped another place in world competitiveness rankings, falling further in economic performance and government efficiency rankings, raising concerns about our competitiveness as a smart economy. In releasing the Australian results of the IMD World Competitiveness Yearbook which

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MacroBusiness Thursday, May 28, 2015 - 09:14 Source

By Leith van Onselen KPMG’s Bernard Salt is an interesting beast. For years he has been an “unabashed supporter of a bigger Australia”, producing reams of articles pushing rapid population growth and warning that to not follow this path would lead to an economic and fiscal catastrophe. Yet, over recent months, Salt has made contradictory

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Thursday, May 28, 2015 - 09:07 Source

Wonder why the deaths of Chan and Sukumaran resonated, and Reza Barati’s didn’t? Dr Lissa Johnson explains.

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Thursday, May 28, 2015 - 09:03 Source

This is a letter from Dali, which I am publishing in full. I agree with all its contents.

Hi Bob,

Below the line I have set out a matter which I think has become quite a disruptive distraction for many long time dedicated TT’ers, and which I suggest is better dealt with in its own thread.

The text below contains formatting tags, which will convert the relevant words to italic or bold, for clarity, as long as you cut and paste it with the tags preserved.

I leave it with you, and will abide with whatever you do or don’t do.

Love to everyone at the hacienda.

Dali

Dear Bob,

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MacroBusiness Thursday, May 28, 2015 - 08:11 Source

By Leith van Onselen Residex has released its house and unit price results for April, which revealed 0.57% growth in house values over the month but only 0.50% growth in unit values. Over the year, house values rose by 6.21% nationally, with unit values up by 5.19%: As shown above, Sydney was again the primary

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MacroBusiness Thursday, May 28, 2015 - 08:10 Source

From Lombard Street Research: A combination of ‘push’ and ‘pull’ factors lies behind surging Chinese demand for Australian property. With prices in China’s policy-driven real estate market retreating, the economy slowing and Beijing cracking down hard on corruption, capital has been increasingly looking to diversify abroad; not least as expectations of one-way CNY appreciation have been shaken to their

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Thursday, May 28, 2015 - 08:09 Source

Tony Abbott has lately said if the five children of Tara Nettleton come home with her they will be seized, taken from her, and given to other people to raise while she does time, twenty years perhaps, in prison. The people they will be given to will not be their grandparents, other Nettletons. Their crime, and hers, is too great for that.

Read more Views: 319
MacroBusiness Thursday, May 28, 2015 - 08:00 Source

Today is the release of the ABS quarterly private capex numbers. As unreliable as this survey is it remains the most important guide to monetary policy movements that we have as the mining capex cliff vies with business investment in other sectors. Here is the Westpac preview.

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Thursday, May 28, 2015 - 07:34 Source

The global conversation around man-made climate change is finally starting to hot up. Thom Mitchell reports.

Read more Views: 317
Thursday, May 28, 2015 - 06:38 Source

As if we needed another reason to ridicule Tony Abbott. Not that Liz Conor is ungrateful.

Read more Views: 283
MacroBusiness Thursday, May 28, 2015 - 04:07 Source

Son of BREE released its biannual major projects update late yesterday and it does not make for happy reading. Even the pathological optimists at Department of Industry couldn’t hide the bottomless pit that is yawning before Australian mining in the next five years. Here’s the wrap: This release of the Resources and Energy Major Projects

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MacroBusiness Thursday, May 28, 2015 - 03:19 Source

From The West Australian: …chief financial officer Stephen Pearce accused FMG’s multinational competitors of backgrounding the media on its Singapore investment company. “In doing so, they are trying to falsely insinuate that FMG is contemplating certain behaviour by multinationals that was the subject of the Senate inquiry and remains under the scrutiny of the ATO,”

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MacroBusiness Thursday, May 28, 2015 - 00:49 Source

Here are the iron ore price charts for May 27, 2014: More firm spot and even a slight new high. Tianjin benchmark is up as well 50 cents to $62.60. 12 month swap are still mired. Dalian futures fell one point overnight. Rebar average has stopped falling for now. Nothing new. More wood to chop

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MacroBusiness Thursday, May 28, 2015 - 00:01 Source

Global Macro / Markets / Investing: Pimco and Hedge Funds Are Still Fighting Over Subprime Scraps - Bloomberg Gross Calls Bet Against Bund Well-Timed, Poorly Executed – Bloomberg North America: US companies Send More Cash Back to Shareholders – Wall Street Journal The Mansions That Are Swallowing Suburban Homes – Bloomberg Federal Reserve Board issues

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George Monbiot Wednesday, May 27, 2015 - 23:29 Source

It now looks as if the greatest mass extinction on Earth – 250 million years ago – was caused by fossil fuel burning.

By George Monbiot, published in the Guardian 27th May 2015

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Wednesday, May 27, 2015 - 21:23 Source

Below we announce the program for #IHMayDay15 on Friday – a day of action and listening on Twitter on all matters to do with the health of Aboriginal and Torres Strait Islander people. It runs from 7am-10pm. Please tune into the hashtag over...

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The Australian Independent Media Network Wednesday, May 27, 2015 - 20:37 Source

Ok, this could be a very long post, but I suspect that I’m just going to make it short because if I wrote down all my thoughts it could become longer than “War and Peace”… the very long novel by Tolstoy, as opposed to the situation in Iraq.

Mm, actually the novel by Tolstoy isn’t really long by comparison…

Read more Views: 547
The Australian Independent Media Network Wednesday, May 27, 2015 - 19:11 Source

By Phillip Deery

In the torrent of tributes for Gough Whitlam after his death in October 2014, it is easy to forget the rancour and bitterness surrounding his ascent to the leadership of the federal parliamentary Labor Party. He was elected leader at a caucus meeting in February 1967 after Arthur Calwell, having lost three federal elections and now aged 70, decided he would step down.

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Wednesday, May 27, 2015 - 18:04 Source

I’ve been a Carlton supporter and member for most of my life. There could be a tidal wave or an earthquake, foreign war or terrorist…

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MacroBusiness Wednesday, May 27, 2015 - 16:15 Source

Chris Weston, Chief Market Strategist at IG Markets It looks as though the USD has found its mojo again and this once again is having clear ramifications for other asset classes. US data showed some signs of life yesterday and perhaps the best way to look at this is through the Citigroup economic surprise index

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Renew Economy Wednesday, May 27, 2015 - 15:40 Source

Panasonic to roll out battery storage for solar in Australia

Read more Views: 465
Renew Economy Wednesday, May 27, 2015 - 15:27 Source

SA network operator dares to go where Qld and WA governments feared to tread – higher network charges for solar households. The network justifies this by changing demand profiles, but will also look to shift hot water and pool pump use to daytime to make up for lost demand caused by PV production.

Read more Views: 346
Renew Economy Wednesday, May 27, 2015 - 15:18 Source

Legislation to cut renewables target tabled in parliament. Scaled target proposed may favour large scale solar projects in latter years.

Read more Views: 333
Renew Economy Wednesday, May 27, 2015 - 15:13 Source

America's biggest power utility, Duke Energy, to develop new 2MW lithium-ion battery storage system at old coal plant to help stabilise, regulate the grid.

Read more Views: 540
Renew Economy Wednesday, May 27, 2015 - 15:10 Source

Report predicts delayed 2nd ERF auction could deliver heavy emitters 76% of funding; for carbon farmers, it's 'game over'.

Read more Views: 352
Renew Economy Wednesday, May 27, 2015 - 15:05 Source

A compromise RET of 33,000GWh in 2020 agreed between Labor and the Coalition has finally ended the renewables deadlock... Or has it?

Read more Views: 363

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