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Popular Science Monday, July 27, 2015 - 09:37 Source

As of 1988, there were more than 125 countries harboring polio. If Nigeria is able to reach total eradication, only two countries—Pakistan and Afghanistan—will remain on that list.

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Popular Science Monday, July 27, 2015 - 09:37 Source

In A Clockwork Orange, the narrator, Alex, commits a heinous crime. In prison, Alex is offered a behavior modification program in exchange for a shortened sentence. The treatment takes away Alex's ability to make his own decisions—his violent nature is conditioned out of him.

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Popular Science Monday, July 27, 2015 - 09:37 Source

This weekend is the Spa 24 Hours, the highlight of the Blancpain Endurance Series, and this year a number of teams will be competing using the Aston Martin V12 Vantage GT3 race car. Another Aston Martin will be present at the Belgian race, though, and that's the limited edition Vulcan track car.

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Popular Science Monday, July 27, 2015 - 09:37 Source

Beamed across billions of miles and a very narrow bandwidth, the latest images from the Pluto flyby were worth waiting for. One reveals the view from New Horizons after it sped past Pluto and looked back to study its atmosphere. “This is our equivalent on New Horizons of the Apollo 11 earthrise,” says New Horizons' Alan Stern.

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Popular Science Monday, July 27, 2015 - 09:37 Source

For decades, researchers and parents have wondered which attributes for kids led to a happy, successful life and which put kids on a path to a darker future. Now, they may be one step closer to figuring out how to set young children on the path to attainment – and it looks a lot like sharing, listening and cooperation.

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Popular Science Monday, July 27, 2015 - 09:37 Source

The world's first malaria vaccine was given a positive opinion by the European Medicines Agency--Europe's drug regulator, comparable to the FDA--according to an announcement made today by GlaxoSmithKline, the vaccine's maker.

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MacroBusiness Monday, July 27, 2015 - 09:30 Source

By Leith van Onselen Australian Chamber of Commerce and Industry (ACCI) CEO, Kate Carnell, has hit back at Australia’s union movement and Labor leader Bill Shorten, after it was revealed that Labor would attempt to re-write the China-Australia Free Trade Agreement (ChAFTA) to ensure that ­labour ­standards, conditions and skills testing are upheld. In an

The post Industry group backs China FTA workers appeared first on MacroBusiness.

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MacroBusiness Monday, July 27, 2015 - 09:25 Source

By Chris Becker The ongoing collapse in commodity prices, alongside a weakening China, Japan and Europe as the US dollar regains ascendancy has translated into further falls in stock markets last week. European bonds were bought heavily on Friday as gold continued to fall against all currencies. Recapping the session in Asia on Friday, where the Shanghai

The post Macro Morning (commodity rout) appeared first on MacroBusiness.

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The Tally Room Monday, July 27, 2015 - 09:15 Source

There are two major electoral events in Western Australia which kicked off last week. I’m still working on maps for these projects, so this is an open thread for discussion on these topics until later this week.

The draft electoral boundaries for the 2017 WA state election were released on Friday. I’ll be publishing an interactive map later this week. In the meantime, Antony Green has described the changes, and calculated estimated margins, at ABC Elections.

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The Australian Independent Media Network Monday, July 27, 2015 - 08:53 Source

It is in the nature of human beings to remember the past with rose-coloured glasses. Remembering the good bits and not dwelling on the bad is a healthier way to live.

That being said, the reality of the past can help inform us about the present so we can make better decisions for the future.

The following is an article published on July 19, 2007, four months before the election that saw the end of the Howard era. The italics are my comments.

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The Australian Independent Media Network Monday, July 27, 2015 - 08:53 Source

It is in the nature of human beings to remember the past with rose-coloured glasses. Remembering the good bits and not dwelling on the bad is a healthier way to live.

That being said, the reality of the past can help inform us about the present so we can make better decisions for the future.

The following is an article published on July 19, 2007, four months before the election that saw the end of the Howard era. The italics are my comments.

************

Read more Views: 419
Cheeseburger Gothic Monday, July 27, 2015 - 07:50 Source

A newly minted freelancer reached out to me on the Twitters a little back, asking via DM about an awkward payment dispute they were having with a publisher. Man, do I wish I could provide the details, because the villainy involved was breathtaking. But because it was so singular a piece of douche baggage I can't tell you story without providing clues to the freelancer"s identity, and they would like to keep working.

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Cheeseburger Gothic Monday, July 27, 2015 - 07:21 Source
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MacroBusiness Monday, July 27, 2015 - 01:15 Source

The jig is up for commodities. But more than that. The jig is up for inflation. A great tide of deflation is sweeping through the global economy right now and it is going to wash all before it. There are three reasons why. The first deflationary wave is the global business cycle. It is mature and turning

The post Brace for a deflationary tsunami appeared first on MacroBusiness.

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MacroBusiness Monday, July 27, 2015 - 00:35 Source

The AFR can’t believe it: In a remarkable decoupling, the standard variable home loan rate for property investors is moving higher while expectations are for the cash rate to continue to fall. …Even though the banks have for most of this calendar year been removing discounts on investor loans and tightening eligibility criteria, the pricing

The post Macroprudential astonishes with rate hikes appeared first on MacroBusiness.

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MacroBusiness Monday, July 27, 2015 - 00:34 Source

By Leith van Onselen The AFR offered more warnings over the weekend on how the investor-led housing boom is on borrowed time following the effective speed limit placed on investor mortgage growth by APRA, APRA’s higher capital requirements on the banks’ mortgage books, and the tougher lending policies already implemented by the banks. From The

The post The off-the-plan property timebomb appeared first on MacroBusiness.

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MacroBusiness Monday, July 27, 2015 - 00:33 Source

The IMF released its COFER data Friday night and it contained a surprise forAustralian dollar bears. Total foreign holdings of the battler rose in the March 2015 quarter to $113,834 million, up 4.1% in a quarter: This is US dollar values, so despite the Aussie falling 8.2% from an average 85 cents in the Dec

The post Foreign central banks buy Australian dollars hand-over-fist appeared first on MacroBusiness.

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MacroBusiness Monday, July 27, 2015 - 00:33 Source

Core Logic-RP Data released its auction market report yesterday, which revealed a slight improvement in the national auction clearance rate. The preliminary national clearance rate was 77.7%, up marginally from the 77.0% rate recorded last weekend, according to Core Logic-RP Data: Sydney’s clearance rate rose by 0.1% to 82.7%, whereas Melbourne’s was 76.5%, up from

The post Auction clearances stuck at high level appeared first on MacroBusiness.

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MacroBusiness Monday, July 27, 2015 - 00:32 Source

Mr Ross Gittins continues the campaign for national ignorance today: Rummaging through the media’s rubbish bins this week, I happened upon some good news. According to the Productivity Commission’s annual update, the productivity of labour improved by 1.4 per cent in 2013-14. And get this: in the 12-industry “market sector” of the economy, it improved by 2.5

The post Productivity remains very poor appeared first on MacroBusiness.

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MacroBusiness Monday, July 27, 2015 - 00:30 Source

Yanis Varafoukis is not finished it seems, from ekathimerini: Former Finance Minister Yanis Varoufakis has claimed that he was authorized by Alexis Tsipras last December to look into a parallel payment system that would operate using wiretapped tax registration numbers (AFMs) and could eventually work as a parallel banking system, Kathimerini has learned. In a

The post Mirabile dictu: Greece did prepare Drachma appeared first on MacroBusiness.

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MacroBusiness Monday, July 27, 2015 - 00:30 Source

By Leith van Onselen As reported by Fairfax’s John Garnaut over the weekend, Australia appears only days away from signing the controversial Trans-Pacific Partnership (TPP) trade agreement – the US-led trade pact between 12 Pacific Rim nations: “It could be done this week,” said Trade Minister Andrew Robb last night, as he prepared to depart

The post Australia only days from signing the TPP appeared first on MacroBusiness.

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MacroBusiness Monday, July 27, 2015 - 00:05 Source

Here are the iron ore charts for July 24, 2015: Qingdao spot faded but Tianjin benchmark rose 0.2% to $50.70. Singapore 12 month swaps faded too. Dalian firmed slightly but pulled a rabbit out of the hat Friday night jumping 9 points to 389, perhaps the only commodity in the world to rise. Rebar average also

The post Daily iron ore price update (major miner carnage) appeared first on MacroBusiness.

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MacroBusiness Monday, July 27, 2015 - 00:05 Source

The Brent oil price continued its march lower Friday night ending down another 2% at $54.63. The culprit was easy enough to find. The US rig count took off, up 19 TO 876: I continue to target $50 but it has to be said that if we get a decent run of rigs then we’re going

The post Daily oil price update (Holy Grail halved) appeared first on MacroBusiness.

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MacroBusiness Monday, July 27, 2015 - 00:03 Source

Uh oh, from Investing in Chinese Stocks: There will be few, if any, new ghost cities in the future because former Vice Minister of the Ministry of Housing and Urban Development, Qiu Baoxing, says leaders will be held accountable. In his speech, Qiu noted that developing countries can not rely on speculation and land to

The post China outlaws ghost cities appeared first on MacroBusiness.

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MacroBusiness Monday, July 27, 2015 - 00:02 Source

Here’s the original text from Bridgewater on its China back-flip via FTAlphaville: Totally agree. As I’ve said, steeper glide slope. The full PDF is here.

The post Ray Dalio on why he turned China bearish appeared first on MacroBusiness.

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MacroBusiness Monday, July 27, 2015 - 00:01 Source

Global Macro / Markets / Investing: Gold is doomed – Washington Post Junk-Debt Market Rocked as Cautious Creditors Stymie New Deals – Bloomberg Hedge Funds Hold First Ever Net-Short Position in Gold – Bloomberg Emerging market currencies crash on Fed fears and China slump – The Telegraph The Three Cs Keeping CFOs Up At Night:

The post Links 27 July 2015 appeared first on MacroBusiness.

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The Australian Independent Media Network Sunday, July 26, 2015 - 22:19 Source

There’s something odd about Bronwyn Bishop and Sophie Mirabella’s wedding.

You most probably think that the odd thing is “why would anybody want to invite Bronwyn Bishop to their wedding?”

No, that’s not it.

Or you might think that it’s odd that anyone would want to attend Sophie Mirabella’s wedding anyway.

No, that’s not it either.

This is what I think is odd:

Read more Views: 412
Sunday, July 26, 2015 - 20:13 Source

There are so many reasons that people working in the health sector should consider supporting the @IndigenousXLtd crowdfunding campaign, according to Dr Tim Senior, a GP who works in Aboriginal health. Check them out below – and have a listen...

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The Australian Independent Media Network Sunday, July 26, 2015 - 20:00 Source

By Loz Lawrey

In the Australian political sphere, clear, well-defined and distinct philosophical approaches have always informed policymaking on both sides of the political divide.

Right-wing pundits see themselves as living in the “real world”, dismissing dissenting views as those of “leftist dreamers”. Labor voters tend to draw inspiration from our shared vision of the “light on the hill”.

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The Political Sword Sunday, July 26, 2015 - 18:30 Source

[The opening of Australia’s first parliament by Tom Roberts]

Last week I gave a brief outline of how the Westminster parliamentary system evolved in England. Then came Australia which largely adopted the British parliamentary system and recognised the British monarch as head of state.

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