Blogotariat

Oz Blog News Commentary
Tuesday, April 15, 2014 - 09:21 Source

What is the upside of driving scientists overseas?

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Tuesday, April 15, 2014 - 09:20 Source

In my usual media spot on Mondays with the Liberal’s Andrew Laming and Breaking Politics host, Chris Hammer, topics up for debate were the spectre of raising the pension age to 70 and flagged federal budget cuts to the CSIRO. Here’s the full transcript:

E&OE TRANSCRIPT

TELEVISION INTERVIEW
BREAKING POLITICS – FAIRFAX MEDIA
MONDAY, 14 APRIL 2014

SUBJECT/S: Joe Hockey’s budget and cuts; Age Pension, CSIRO, the ABC and SBS; Superannuation and inequality; Unfair PPL Scheme, Trade and Foreign investment

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MacroBusiness Tuesday, April 15, 2014 - 09:17 Source

By Gavin R Putland, Research Officer at Prosper Australia Eight days after SBS reported that Treasury and the Parliamentary Budget Office are working on limiting negative gearing to new homes (while grandfathering past acquisitions), and two days after Louis Christopher of SQM Research backed the story, the Housing [sic] Industry Association has released a “research [...]

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MacroBusiness Tuesday, April 15, 2014 - 09:06 Source

Here’s our LNG picture of the day, Santos’ GLNG tank: It’s big and round and pale, like a white elephant… Share on Facebook Share on Twitter Share on Reddit + -

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MacroBusiness Tuesday, April 15, 2014 - 08:20 Source

Terry McCrann has booked a shocker today: OH dear. One of the Fin’s portfolio of — let’s be generous — idiosyncratic columnists, Christopher Joye, is at it again, pushing his loony line that all our banks, and indeed every bank in the world, is functionally insolvent. Now to most normal people, the very notion is [...]

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MacroBusiness Tuesday, April 15, 2014 - 08:10 Source

By Leith van Onselen The number of job vacancies in the mining industry have plummeted nearly 23% in the past nine months, according to the latest DFP Mining and Resources Job Index, which provides month-end data for March. The Index dropped 1.9% from February to 77.34 for the month of March 2014 and the number [...]

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MacroBusiness Tuesday, April 15, 2014 - 07:20 Source

By Leith van Onselen It seems most groups have resigned themselves to the fact that there will be cutbacks to the Aged Pension in this year’s Budget. Instead of opposing reform outright, focus appears to have shifted to ensuring that cuts are targeted at wealthier retirees. From The Australian: WELFARE groups have called on Tony [...]

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MacroBusiness Tuesday, April 15, 2014 - 07:19 Source

By Leith van Onselen Business Day yesterday has an article citing PwC research, which claimed that average income earners will soon face a big jump in income taxes as bracket creep, brought about through inflation, pushes them into higher tax brackets: People earning up to $80,000 will soon face tax rates of up to 40 [...]

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MacroBusiness Tuesday, April 15, 2014 - 05:00 Source

From the AFR: The federal government is facing demands from China that it be allowed to import workers for projects funded by Chinese investors as part of the free-trade agreement. The government is resisting, saying there would be a severe domestic political backlash should it ever agree. Eager to land the FTA with China, it is [...]

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MacroBusiness Tuesday, April 15, 2014 - 04:35 Source

The US economy is finally thawing out. Retail sales for March were out last night rebounded strongly. February was rounded up too (all charts from Calculated Risk): The U.S. Census Bureau announced today that advance estimates of U.S. retail and food services sales for March, adjusted for seasonal variation and holiday and trading-day differences, but [...]

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MacroBusiness Tuesday, April 15, 2014 - 04:35 Source

The US economy is finally thawing out. Retail sales for March were out last night rebounded strongly. February was rounded up too (all charts from Calcualtes Risk):   The U.S. Census Bureau announced today that advance estimates of U.S. retail and food services sales for March, adjusted for seasonal variation and holiday and trading-day differences, [...]

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Read more Views: 314
MacroBusiness Tuesday, April 15, 2014 - 02:11 Source

From the FT: Western governments struggled to present a united front to Moscow over the crisis in eastern Ukraine as pro-Russia separatists seized further government buildings in cities and towns in the region and defied a deadline from Kiev to surrender. Oleksandr Turchynov, Ukraine’s acting president, appealed to Ban Ki-moon, UN secretary-general, to deploy peacekeepers [...]

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MacroBusiness Tuesday, April 15, 2014 - 00:59 Source

That’s what Forbes argues today: Nothing is going right for Hangzhou at this moment.  Walmart will be closing its Zhaohui store in that city on April 23 as a part of its overall plan to dump marginal locations—about 9% of the total—in China. Thanks to the world’s largest retailer, another large block of space in Hangzhou, the capital [...]

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MacroBusiness Tuesday, April 15, 2014 - 00:36 Source

Here are the iron ore charts for April 14, 2014: Iron ore paper market softness continues. Physical is more firm, supported by the rebound in steel prices. Rebar futures fell a little and that market is moving into backwardation. The Baltic Dry capesize component fell 1.5% yesterday. Reuters has texture: “I think seasonal demand will [...]

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North Coast Voices Tuesday, April 15, 2014 - 00:16 Source

From aabbaadd66, aandhumphries, aaron, aarong, abhijeet, abraham, acashman through to piers, pochu, pradeep, pranay, pscutti, pudney - and every letter of the alphabet in between – Metgasco Limited released email addresses out into cyberspace on Wednesday 9 April 2014 at 9.29amI suspect that subscribers to Megasco’s newsletter with email addresses beginning with Q through to Z are also in the same boat.Metgasco realised its mistake and tried to recall this email 29 minutes later:[redacted] would like to recall the message, "Confirmation of Release - MEL - Rosella drilling update".=However, that merely resulted in subscribers’ email address

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North Coast Voices Tuesday, April 15, 2014 - 00:15 Source

Sally MacManus is Secretary of the Australian Services Union in NSW and the ACT and has a blog called Unions. Politics. And Stuff.This is her list (with links to media reports) tracking Prime Minister Tony Abbott’s political, economic and social wreckage:130. Begins dismantling GP Super clinics – 8 April 2014129.

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MacroBusiness Tuesday, April 15, 2014 - 00:05 Source

Global Macro / Markets: Slowdown puts 1bn middle class at risk – Financial Times North America: Recovery for Whom? – New York Times Who Spends Extra Cash? – House of Debt Europe: Doom-mongers risk a self-fulfilling prophecy – Financial Times High-Frequency Traders Get Curbs as EU Reins In Flash Boys – Bloomberg This could be [...]

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Monday, April 14, 2014 - 22:23 Source

I joined Steve Price on 2GB to discuss how Joe Hockey has doubled the deficit, by scrapping sensible tax measures – and why it would be unjust for Prime Minister Abbott to break his promise to pensioners. Here’s a podcast.

Read more Views: 376
Monday, April 14, 2014 - 21:25 Source

I joined presenter Helen Dalley on Sky News to discuss the fact that the Abbott Government has doubled the deficit since coming to office, and now looks set to breach its pension promise.

Read more Views: 345
We are all dead. Monday, April 14, 2014 - 21:10 Source

I wrote a comment piece about housing policy for Guardian Australia that ran on Boxing Day last year. The piece elicited quite a few strong reactions from people who agreed or disagreed with the piece, including from Godfrey Moase. Godfrey is Assistant Secretary of the National Union of Workers General Branch, and has been active in the Save Williamstown campaign.

Read more Views: 709
We are all dead. Monday, April 14, 2014 - 21:10 Source

I wrote a comment piece about housing policy for Guardian Australia that ran on Boxing Day last year. The piece elicited quite a few strong reactions from people who agreed or disagreed with the piece, including from Godfrey Moase. Godfrey is Assistant Secretary of the National Union of Workers General Branch, and has been active in the Save Williamstown campaign.

Read more Views: 450
Monday, April 14, 2014 - 20:27 Source

(From Bob Carr) A gallop through the plays and sonnets, shaped by a luminously intelligent appreciation of the works, and delightful accents as well. Made me want to see it again, to bully everyone else to see it, to buy …

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Monday, April 14, 2014 - 18:47 Source

‘All of us will always owe him everything,’ Jean-Luc Godard said of Orson Welles, and another big, multi-talented man, Michael Boddy, was like that in many lives, mine especially. Without him there would have been no King O’Malley, and, it can be argued, no renaissance in the Australian theatre and its love-child, Australian cinema. Without him there would have been no Nimrod Theatre, no Nimrod Theatre Company, no Biggles, no Hamlet On Ice, and no (I guess) Bell Shakespeare Company

Read more Views: 497
Monday, April 14, 2014 - 18:30 Source

The figures in the Nielsen Poll today suggest the Abbott government is in more trouble than it can get out of, like the Gillard government in its last five months.

Abbott is preferred as Prime Minister by 45 percent, Shorten by 44 percent, with 11 percent uncommitted. In Victoria Shorten leads Abbott by 49 to 41, in Queensland 43 to 41, and in SA/NT trails him by only 46 to 43.

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Monday, April 14, 2014 - 18:08 Source

In a sign of the general level of weirdness surrounding recent health policy debates, the AMA is calling on the Government to “put an end to the crazy policy speculation being floated in the media”. So weird and worrying are the signs, in fact, that...

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Delimiter Monday, April 14, 2014 - 16:28 Source

Forget iOS and Windows. Today we present three decently sized deployments of Android in the Australian market on Samsung's hardware, which the Korean vendor has dug up from its archives over the past several years for us after a little prompting :)

Read more Views: 307
MacroBusiness Monday, April 14, 2014 - 16:20 Source

Chris Weston, Chief Market Strategist at IG Markets Those calling for a correction in global equity markets have more fodder for their argument after JP Morgan missed expectations and tensions in Ukraine have come right back into the markets’ sights. The weekend newsflow has centred around two things. Firstly, currency strength fighting rhetoric from the [...]

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MacroBusiness Monday, April 14, 2014 - 15:49 Source

Australia is truly turning inside out. From The Australian: Tomorrow ANZ Bank will launch a new online media publication, Blue Notes, to be edited by Walkley Award-winning journalist Andrew Cornell. According to ANZ’s group head of strategic content and digital media Amanda Gome — a respected senior journalist and publisher formerly of Fairfax and Eric [...]

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MacroBusiness Monday, April 14, 2014 - 14:27 Source

From the FT: The UN Intergovernmental Panel on Climate Change’s third report of a trio on global warming, released on Sunday, focuses on “mitigation” – how to fight rising temperatures by limiting the build-up of carbon dioxide and other greenhouse gases in the atmosphere. …The key objective is to keep the average worldwide temperature rise [...]

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MacroBusiness Monday, April 14, 2014 - 14:11 Source

From COMMSEC: Figures released from the Reserve Bank show that the average credit card balance rebounded from a 4-year low in February, lifting by $58.70 (1.9 per cent) to $3,205.60. The average credit card balance was still 2.3 per cent below a year ago. In smoothed terms (12 month average) the average balance was down [...]

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