Blogotariat

Oz Blog News Commentary
MacroBusiness Wednesday, May 27, 2015 - 14:11 Source

By Lindsay David, cross-posted from the Australia: Boom to Bust Blog Ever been on an Australian home lenders website and tested their ‘how much can I borrow’ calculator? Aussie Home Loans seems fine lending $1.014 million to a household with a “pre tax” income of $115,000 (or almost 9x income). Image source (www.aussie.com.au) Aussie may

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Prosper Australia Wednesday, May 27, 2015 - 14:09 Source

by Cameron Murray Property development can be a dirty business, particularly when it comes to land-banking, which is the speciality of Australia’s largest developers. Land-banking involves the speculative buying of large parcels of land that are currently unsuitable for development in the hope of future development potential. But hope alone is not a business strategy. […]

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Renew Economy Wednesday, May 27, 2015 - 14:08 Source

Edinburgh Council has revealed plans to install community-owned solar panels on 25 council building rooftops across the Scottish capital.

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Wednesday, May 27, 2015 - 14:07 Source

A report by a respected think-tank is being slammed by key players in the solar energy industry. Thom MItchell reports. 

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Wednesday, May 27, 2015 - 14:00 Source

Abbott said infant children who accompanied their father to Syria would ‘suffer the full fury of the Law’ if they dared come back and it were better they were decapitated in their ill-chosen country than do twenty years in Goulburn in a cell they might share with Ivan Milat.

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Wednesday, May 27, 2015 - 13:48 Source

A pro-Palestine Sydney professor has won yet another battle to keep his job. Max Chalmers reports.

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Wednesday, May 27, 2015 - 12:52 Source

Just like Australia Day, not everyone celebrates the creation of the State of Israel. Michael Brull looks back on the brutal founding of a nation.

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MacroBusiness Wednesday, May 27, 2015 - 12:30 Source

BHP is down 2.5% today as oil gives it whack. RIO is also down hard 1.5% and FMG is flat. To the indexes:   The idiocy spreads are flat again: Juniors too:         Dalian is off 3 points from this morning as we again pivot around the $60 point of control.

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Wednesday, May 27, 2015 - 12:06 Source

In a case that redefines ‘shooting the mesenger’ the Victorian Government remains determined to punish a group that exposed its poor logging practices.

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MacroBusiness Wednesday, May 27, 2015 - 12:02 Source

From Westpac: The absolute level of the CSI indicates that Chinese consumers are still anxious about their personal financial wellbeing and the economy more broadly, despite the major shift in the policy stance since late last year. Note that the 100bp cut in the required reserve ratio (April 20) is fully captured by this survey,

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MacroBusiness Wednesday, May 27, 2015 - 11:56 Source

By Leith van Onselen The ABS has released data on the value of construction work done for the March quarter of 2015, which registered a seasonally-adjusted 2.4% fall in total construction activity over the quarter and an 8.8% decline over the year. The result disappointed analysts’ expectations of a 1.4% fall over the quarter. The

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MacroBusiness Wednesday, May 27, 2015 - 11:48 Source

From the reformed Micheal Pascoe today: The reporting of banks being pulled into line on investor loans has concentrated on one part, re-establishing a differential between investor and owner-occupier rates without being able to spell out how big that differential might be. It won’t matter much anyway. But there is considerably more to APRA’s intentions than that, as

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The Australian Independent Media Network Wednesday, May 27, 2015 - 11:42 Source

With Tony Abbott keen to make superannuation an election issue and a point of differentiation between the parties, it is worth revisiting the Coalition’s record.

In 1985, the government and the ACTU struck a deal which saw the trade union movement forfeit a claim to 3% productivity improvement as wages to instead be paid in compulsory superannuation – endorsed by the Arbitration Commission and managed by superannuation funds with equal representation of the unions in the industry and the employers.

Leader of the Opposition, John Howard, reacted by saying:

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MacroBusiness Wednesday, May 27, 2015 - 11:36 Source

More today from Ivan Szpakowski of Citi, my new favourite analyst at Bloomie: “The next decade is shaping up to be a complete reversal of the past decade…Perhaps the greatest structural challenge facing the iron ore market is the rolling over of Chinese iron ore demand, driven by declining domestic steel demand and rising scrap availability…As

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Popular Science Wednesday, May 27, 2015 - 11:31 Source

Long before rapid analysis of bacterial cultures, the most common way to quickly determine the nature of a bacterial culture was to smell it. Just open up the petri dish or the test tube, inhale and the odors would provide some clues as to which species were growing inside. Pseudomonas aeruginosa has a distinct grape smell. Escherichia coli has a distinct fecal odor. Then there are the staphylococci. Staphylococcus aureus smells like decomposition while S. epidermis smells like old sweat.

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Popular Science Wednesday, May 27, 2015 - 11:31 Source

People have a tendency to simplify things down to numerical comparisons. If you cast your mind back to the 1990s, you might remember the "Megahertz Wars," where PC manufacturers seemed to debut a machine every few months with an ever faster processor. A similar war has been waged—and continues to this day—in digital cameras, where every successive generation of device boasts more megapixels, despite the fact that other factors—such as the lens or size of the sensor—now bear much more heavily on the ultimate quality of the image.

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Popular Science Wednesday, May 27, 2015 - 11:31 Source

Last week, a swarm of 150 bats was released near a cave complex in Hannibal, Missouri. Each of the furry fliers was a medical marvel--they were survivors of the devastating fungal infection known as White-Nose Syndrome, which has killed millions of bats since it emerged 10 years ago.

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Popular Science Wednesday, May 27, 2015 - 11:31 Source

Armored sarcophagi crawling over road and ruin, impervious to the slings and arrows of their foes, tanks are defined by their weight. Aircraft, by the very necessity of flight, are lighter affairs, balancing the need for powerful engines with a body that can get off the ground. Still, that hasn't stopped people from dreaming of flying tanks.

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Popular Science Wednesday, May 27, 2015 - 11:31 Source

At the beginning of the year, NASA got some exciting news from the Obama Administration: The space agency is finally getting funding to send a probe to Jupiter's moon Europa by the mid-2020s. With a subsurface ocean suspected to be lingering underneath its icy crust, Europa is one of the top candidates in our solar system for finding extraterrestrial life. And NASA hopes its probe can figure out if conditions are right for little aliens to exist.

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Popular Science Wednesday, May 27, 2015 - 11:31 Source

Renewable energy is the future. All over the world cities and countries are vowing to go quit fossil fuels and commit to getting their energy fix from 100 percent renewable sources.

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Popular Science Wednesday, May 27, 2015 - 11:31 Source

Ever turned on a light at night in summer and watched roaches scatter, and then subsequently thought, “You know, what I'd really like is if these roaches were both faster and robots”? Well, weird-thought-haver, you are in luck. Made by researchers at UC Berkeley, the X2-VelociRoach is the super-fast robot roach of your dreams (or nightmares). Oh, and it can launch other flying robots, too.

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Popular Science Wednesday, May 27, 2015 - 11:31 Source

People have taken inspiration from ancient Egypt for years. There's something about the papyrus, pyramids, and pharaohs that have an indescribable allure. Then again, it might just be that we are fascinated with mummies.

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Popular Science Wednesday, May 27, 2015 - 11:31 Source

According to the Air Force, the future of war in the sky is lasers. Lasers on new jet fighters are a future goal, but there's lower-hanging fruit in the world of science fiction weapons that the Air Force hopes to reach first: why not mount the lasers on heavier and relatively more spacious gunships?

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Popular Science Wednesday, May 27, 2015 - 11:31 Source

We're on our way to Mars. NASA has a plan to land astronauts on its surface by the 2030s. Private spaceflight companies like SpaceX have also expressed interest in starting their own colonies there, while the infamous Mars One project has, if nothing else, demonstrated there are thousands of people willing to sign up for a one-way trip.

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Popular Science Wednesday, May 27, 2015 - 11:31 Source

Sharks: Fast, fierce, and fascinating, they, and their ocean-going relatives, chimaeras and rays, are an important part of the marine ecosystem. But they are also greatly misunderstood and feared; some species have declined to near extinction in recent years. A new website called SharkBase wants to help change that.

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MacroBusiness Wednesday, May 27, 2015 - 11:27 Source

RBA deputy Phil Lowe gives a nice speech today canvassing Australia’s 2008 bank run and what has been done since then to prevent a repeat occurrence. It is worth reading in full and remember while you do so that this is why regulators are now moving to slow mortgage credit growth (far too late in

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Wednesday, May 27, 2015 - 11:06 Source

 In this budget brief from the parliamentary library Dr Rhonda Jolly explores whether the current tinkering around the edges of the health record could be a prelude to a new strategy. Dr Rhonda Jolly writes: E health makes use of developments in...

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Wednesday, May 27, 2015 - 10:49 Source

10.44 am

It’s remarkable how good a witness he is. Clear, succinct, grammatical, apparently honest; remorseful. No gay inflection. A plain, deep, working class voice, like Tony Barry’s or Bill Charlton’s.

It is clear, or it seems clear, that an unceasing demon possessed him, and it was the Church’s fault, not his, that he was allowed to do the damage he did.

11.01 am

His first offence was with a ten-year-old boy who had wet the bed. He took into his bedroom, washed him, gave him new pyjamas, took him to his bed and fondled his penis but did not masturbate him. It was closeness he wanted; intimacy.

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MacroBusiness Wednesday, May 27, 2015 - 10:46 Source

Credit Suisse asks the right question today: ■ Clearly the ore leaving the ports is heading to the steel mills. But the last Mysteel survey of 14 May did not show bulging stocks at mills (Figure 4). Instead, the mills continued to display the lean inventories they have held so far this year. Ore consumption has picked up

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MacroBusiness Wednesday, May 27, 2015 - 10:32 Source

We’re heading into the first quarter GDP release next week and Goldies is not up beat: Bottom line: Ahead of the official update next week, preliminary trade data point to a $1.0bn widening in Australia’s international trade deficit in 1Q2015 and an ~10bp drag to growth from net exports. On balance, this data are slightly weaker than

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