Blogotariat

Oz Blog News Commentary
Renew Economy Wednesday, May 6, 2015 - 11:06 Source

Australian Greens leader Christine Milne has announced her resignation as both head of the party and from the Senate in 2016. Di Natale elected as new leader.

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MacroBusiness Wednesday, May 6, 2015 - 10:45 Source

by Chris Becker Commonwealth Bank (CBA) is the next cab off the banking ologopoly rank to report some pretty flat but still fat and taxpayer supported profits this morning. Following ANZ’s steady but squeezed result and Westpac shores up its increasing expensive capital with an equity raising, the biggest mortgage holder/pusher in the land offered

The post CBA dud profit smashes banks appeared first on MacroBusiness.

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MacroBusiness Wednesday, May 6, 2015 - 10:41 Source

From The Australian: Tony Abbott will announce in Perth as early as today that the ­federal government has agreed to hand Western Australia a one-off revenue bonanza of at least $600 million to compensate for the state’s plummeting GST share. In a move designed to placate Premier Colin Barnett — who last month threatened to “disengage”

The post Barnett rewarded for inept Budget management appeared first on MacroBusiness.

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Renew Economy Wednesday, May 6, 2015 - 10:34 Source

New report finds solar becoming increasingly attractive to US utilities – 72% of all new US installations in 2014 – led by falling PPA prices.

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Renew Economy Wednesday, May 6, 2015 - 10:25 Source

The launch of Tesla's Powerwall puts fossil fuels on the defensive, fighting the new normal of cheaper renewable supplies and storage.

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MacroBusiness Wednesday, May 6, 2015 - 10:24 Source

From UBS:   Price will have to go much lower to curtail production…

The post Updated iron ore miner breakevens appeared first on MacroBusiness.

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Renew Economy Wednesday, May 6, 2015 - 10:18 Source

Energy storage like Tesla's Powerwall is a game-changer, but still comes at a cost. We will need practical and economic strategies to complement it.

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Renew Economy Wednesday, May 6, 2015 - 10:13 Source

Tesla's Powerwall is being touted as a game changer because of price, but there's reason to suggest it won't work as people think.

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Renew Economy Wednesday, May 6, 2015 - 10:09 Source

New BNEF report shows that renewable energy adoption is growing in the world’s emerging economies nearly twice as fast as industrialised nations.

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xkcd.com Wednesday, May 6, 2015 - 10:00 Source

That seems like an awful lot of hassle when all I wanted was a cool sword.

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The Melbourne Urbanist Wednesday, May 6, 2015 - 09:59 Source

What’s the problem with elderly drivers?

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The Tally Room Wednesday, May 6, 2015 - 09:33 Source

Last year, I wrote up an analysis of the prospects for the current redistribution of federal electorates in NSW.

In late April, the final population data, provided to well below the suburb level, was released. In addition to updated population figures as of the end of 2014, the data also includes estimates of the population in each area as of August 2019.

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MacroBusiness Wednesday, May 6, 2015 - 09:22 Source

From Gotti at Dad’s Army, who channels our Harry again today: Sydney apartment developers like Harry Triguboff are very concerned at what is happening in Melbourne because they fear if the Melbourne apartment market cracks, it will spill over into Sydney. …In Victoria the cost of new apartment developments is set to rise sharply. Melbourne has attracted

The post Triguboffinomic panic 2.0 appeared first on MacroBusiness.

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Wednesday, May 6, 2015 - 09:17 Source

There’s been shock and dismay in the Australian health and medical community over the news that leading medical academic Stephen Leeder was sacked as editor-in-chief of the Medical Journal of Australia over  his opposition to the outsourcing...

Read more on the blog...

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MacroBusiness Wednesday, May 6, 2015 - 09:06 Source

By Chris Becker Bond markets yet again proved why they’re so important to global risk last night with a continued rout, starting in European peripherals and extending into US treasuries (and of course, Aussies after yesterday’s RBA debacle) which also dragged stocks down. A surprisingly poor US trade deficit, which is set to subtract from

The post Macro Morning (RBA debacle) appeared first on MacroBusiness.

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Wednesday, May 6, 2015 - 09:06 Source

It was revealed that Abbott refused to be greeted by the gay partner of the Australian ambassador in Paris, after dining with him and threatening to ‘knuckle’ him in a screeching-match that followed three fine bottles of Veuve Clicquot at Yarralumla. This confrontation bestirred the mellifluous contempt of the entire French nation, many of whom supported gay marriage and disliked Aussie barbarians chundering prawns in the Louvre. It was thought they would raise, in revenge, the price of cheese.

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Wednesday, May 6, 2015 - 09:05 Source

The man who fought to get David Hicks out of Guatanamo Bay will be the keynote speaker at a major Melbourne conference.

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MacroBusiness Wednesday, May 6, 2015 - 09:03 Source

By Leith van Onselen Australian Finance Group (AFG) has released its housing finance data for the month of April, which registered a large drop in monthly mortgage applications, but a big increase year-on-year. The number of mortgage applications fell by 14.0% in April but were up 13.4% over the year to 9,661, whereas the value

The post AFG: Investor mortgage demand goes nuclear appeared first on MacroBusiness.

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MacroBusiness Wednesday, May 6, 2015 - 08:03 Source

From ABC’s Fact Check confirming MB’s own analysis: As property prices continue to rise across Australian capital cities, in particular Sydney, the debate around how to address housing affordability problems has intensified. The claim: Treasurer Joe Hockey says abolishing negative gearing could push up rents, because that’s what happened in the 1980s. The verdict: During

The post ABC on Hockey’s negative gearing lies appeared first on MacroBusiness.

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Wednesday, May 6, 2015 - 07:59 Source

An SBS journalist is out of a job for expressing an opinion. Wendy Bacon reviews the Twitter storm calling for his sacking.

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MacroBusiness Wednesday, May 6, 2015 - 07:57 Source

From the SMH: The Commonwealth Bank is only passing on part of Tuesday’s cut in official rates to home loan customers, but has taken the unusual step of raising some deposit interest rates. The country’s biggest bank on Tuesday said it would lower its standard variable mortgage rates by 0.20 percentage points to 5.45 per cent,

The post CBA keeps some rate cut appeared first on MacroBusiness.

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George Monbiot Wednesday, May 6, 2015 - 07:02 Source

Almost all the issues worth debating are left unmentioned in this election.

By George Monbiot, published in the Guardian 6th May 2015

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MacroBusiness Wednesday, May 6, 2015 - 05:48 Source

By Leith van Onselen SQM Research has released its stock on market figures for the month of April, which registered a 2.8% monthly reduction in the number of homes for sale, with for sale listings also down by 0.1% over the year (see below table). As shown above, the key bubble markets of Sydney and

The post Stock on market drops east, rockets west appeared first on MacroBusiness.

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MacroBusiness Wednesday, May 6, 2015 - 05:45 Source

By Leith van Onselen Roy Morgan Research (RMR) has released its unemployment estimate for the month of April, which registered a 0.4% fall in the unemployment rate to 10.4% from 10.8% in March. However, unemployment was unchanged over the year (see next chart). According to Gary Morgan: “Today’s Roy Morgan employment estimates show Australian employment

The post Roy Morgan unemployment 10.4% in April appeared first on MacroBusiness.

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Antony Green's Election Blog Wednesday, May 6, 2015 - 04:29 Source

A guide to Australians wanting to follow the UK election count on Friday 8 May AEST.

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MacroBusiness Wednesday, May 6, 2015 - 00:50 Source

Judging by the many sympathetic comments on the blog for Twiggy Forrest, find below a repeat of why his arguments in favour of major miners cutting production are poppycock and very damaging to Australia. Owing to geographic concentration, the benefits of scale and capital intensity, iron ore extraction is a natural oligopoly business. What’s at stake

The post Fortescue must shut for the good of Australia appeared first on MacroBusiness.

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MacroBusiness Wednesday, May 6, 2015 - 00:49 Source

Apparently BHP iron boss has “hit back” at Andrew Forrest: In a note to staff, Mr Wilson stressed BHP (BHP) had in 2012 cancelled plans to build 180 million tonnes per year of extra growth in the form of the $US20 billion Outer Harbour Project at Port Hedland and two berths in the inner harbour. ​”At

The post How to defeat Twiggy Forrest appeared first on MacroBusiness.

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MacroBusiness Wednesday, May 6, 2015 - 00:23 Source

Here are the iron ore charts for May 5, 2015: Spot was firm with Tianjin benchmark at $59.10. Paper markets also jumped and Dalian is up another 11 points overnight to 441. But rebar average is going precisely nowhere, telling you steel demand on the ground still stinks. For all the hullabaloo we’re still chopping

The post Daily iron ore price update (wood chopping) appeared first on MacroBusiness.

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Wednesday, May 6, 2015 - 00:16 Source

Now that the post-Supreme Court judgment market speculators have moved on, coal seam & tight gas explorer and wannabee production company, Metgasco Limited, is watching its ordinary share price start to fall once more.

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Wednesday, May 6, 2015 - 00:15 Source

Forward to the Media Entertainment & Arts Alliance (MEAA) 2015 Australian Press Freedom Report:This has been a dire 12 months for the state of press freedom in Australia — for journalists, for the communities we serve and for sources that trust us to tell their stories.On October 30 last year, Attorney-General George Brandis admitted that the controversial section 35P of the Government’s first tranche of national security laws was written with the aim of targeting whistleblowers.

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