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Oz Blog News Commentary
Monday, May 25, 2015 - 12:18 Source

‘It both showed truly the first, feminist counterblast against the gropers, the one-night standers, and the casting-couchers, and the dark heart of their oppressors. And it showed as well the convulsions that followed the Pill, the John Kennedy murder, the Black revolution, the rise of television, and what might be called the Age of Alimony on American and world affairs.’

More on Ellis Gold.

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MacroBusiness Monday, May 25, 2015 - 11:52 Source

Last week CBA, NAB and ANZ all capitulated to APRA on its 10% line on the sand for property loan portfolio growth. Today it’s a full house, from the AFR: Westpac is cutting the lucrative interest rate discounts offered to new housing investors, as lenders act to slow the rapid growth in lending to property investors by charging them more for credit.

The post Westpac joins stampede behind APRA’s property investor line appeared first on MacroBusiness.

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MacroBusiness Monday, May 25, 2015 - 11:42 Source

This week is the all important private capex update from the ABS and today Bloxo offers an orthodox take on where it’s headed: After driving growth for several years, mining investment has peaked and is declining significantly, in line with falling commodity prices. The rebalancing of growth away from mining investment is progressing, but only slowly. Low

The post Capex cliff revisited appeared first on MacroBusiness.

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MacroBusiness Monday, May 25, 2015 - 11:12 Source

From Deutsche on the S&P500: “…our PE/VIX market emotion indicator climbed to 1.3 on S&P trailing PE of 18 and 3m avg VIX of 14. A level between 1.2-1.5 signals complacency. There was similar complacency going into summer last year, with S&P trailing PE at 17.5 and a calm market kept VIX at 10-14. The

The post How complacent are share markets? appeared first on MacroBusiness.

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The Melbourne Urbanist Monday, May 25, 2015 - 10:55 Source

Infrastructure: is there more to it than just building more?

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MacroBusiness Monday, May 25, 2015 - 10:53 Source

From old man Gotti at Dad’s Army today: All the ingredients are in place for a dramatic escalation in dwelling prices in both Sydney and Melbourne over the next 15 years. Few Australians have any concept of the dwelling price pressures that will start to build up in the next few years unless the supply of

The post Triguboffinomic panic 3.0 appeared first on MacroBusiness.

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MacroBusiness Monday, May 25, 2015 - 10:42 Source

By Leith van Onselen ABC’s 7.30 Report aired a segment on Friday, claiming that there is a push underway within the Australian Labor Party (ALP) to debate negative gearing at its national conference in July. DAVID MARK: Now, there are fresh calls for change. The Sydney City Councillor, a member of Labor’s left faction, Linda

The post Negative gearing still on ALP’s agenda appeared first on MacroBusiness.

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Popular Science Monday, May 25, 2015 - 10:32 Source

In what has been called an “act of evil,” four people were murdered on May 14 in a mansion in Washington, D.C. At first glance, the crime appeared to be motivated by money and seemed to be random, so investigators didn't have much information to go on when trying to identify a suspect. But then, a stroke of luck: Police uncovered a box of Domino's pizza, one of two that was delivered to the house when the victims were being held hostage.

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Popular Science Monday, May 25, 2015 - 10:32 Source

The whole point of virtual reality is to offer up the feeling of being transported into another world. But currently, avatar facial expressions fail to live up to VR's promise. Interacting with another human in a VR realm has more closely resembled a conversation with Zoltar, the infamous robotic fortune teller.

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Popular Science Monday, May 25, 2015 - 10:32 Source

When my book Infested came out last month, I got an email from a reader in Toronto—an entomologist named Sam Bryks. He generally liked the book, he said, but he wished I had focused more on a process called Integrated Pest Management.

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Popular Science Monday, May 25, 2015 - 10:32 Source

Muscle loss, lack of balance, backaches: human bodies act in strange ways in space. But scientists are only now starting to understand the changes that happen in the microbiome, the community of bacteria that live in our guts and elsewhere on our bodies and that have a huge effect on functions such as digestion and immunity.

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Popular Science Monday, May 25, 2015 - 10:32 Source

In 2013, professional sprinter Dutee Chand was banned from competing as a female athlete. She wasn't accused of doping, and she wasn't accused of not being a woman—she was born and raised as a girl. Instead, her hormones were at fault.

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Popular Science Monday, May 25, 2015 - 10:31 Source

The worst part of having a drone is losing it. Pilots will go to great lengths to make sure their drones stay clear of harm, whether it's diving into a canal to save it from drowning or turning a mishap on national television into a learning experience and warning for others.

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Popular Science Monday, May 25, 2015 - 10:31 Source

The biggest physical constraint on small drones is their power supply. Batteries can only hold so much energy, and as adding more batteries to a drone also increase the weight of that drone, there are finite limits on how long quadcopters can fly in a single flight. A new drone concept by Horizon Unmanned Systems seeks to overcome that limitation, by turning to an alternative power source: hydrogen fuel cells.

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Popular Science Monday, May 25, 2015 - 10:31 Source

If science textbooks are to be believed, you have about 200 different types of cells in your body. But several teams of scientists are now debating that number, saying that the estimate is significantly larger.

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Popular Science Monday, May 25, 2015 - 10:31 Source

To a harried subway passenger, learning that there's a delay ahead can trigger groans, rolled eyes, or mere stoic despair. But commuters might be even more annoyed if they realized the track ahead was perfectly clear: Sometimes, the system holds a train in place to fix a delay behind it. In this 8-bit video, the Metropolitan Transportation Authority explains how slowing down one train can actually reduce the total delay on the line.

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Popular Science Monday, May 25, 2015 - 10:31 Source

Sonia Chernova wants you to train her robot. Two years ago, Chernova and some of her fellow roboticists at Worcester Polytechnic Institute (WPI) in Massachussets launched a remote robotics lab called RobotsFor.Me, a site where users can log in and teach robots how to function in physical space. It's both more and less exciting than it sounds. Participants might play a game where they rack up points based on the number of objects they can help the robot pick up in 10 minutes. But these tutors aren't exactly diving into an immersive, robot's-eye-view interface.

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Popular Science Monday, May 25, 2015 - 10:31 Source

Friendly humanoid robots, a staple of science fiction, may soon staff stores, hotels, airports, h

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Popular Science Monday, May 25, 2015 - 10:31 Source

A new Chrome extension, called Google Tone, released this week makes it possible to share a URL with another computer in the room using a series of beeps and boops. The concept is dead simple yet instantly instills a sense of disbelief. A computer making seemingly random sounds can transmit the URL for the tab I have open in Chrome across the room? Get out.

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MacroBusiness Monday, May 25, 2015 - 10:27 Source

From the FT: A downturn in the resources industry has prompted a growing number of struggling Australian miners to switch their focus to the booming medicinal marijuana market in an effort to stimulate investor interest. At least three resources companies are aiming to raise money on the Australian Securities Exchange in the coming weeks, swapping

The post Mining juniors go to pot appeared first on MacroBusiness.

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xkcd.com Monday, May 25, 2015 - 10:00 Source

I'm staring at the "doctor" section, and I can't help but feel like I've forgotten someone.

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MacroBusiness Monday, May 25, 2015 - 09:39 Source

By Leith van Onselen Chief information officer for the Australian housing market, Domain Property Group’s Dr Andrew Wilson, appeared on Sunrise over the weekend to calm the nerves of Australians concerned that Sydney housing values are a bubble. Here’s the key quotes from Wilson (full video above): [Interviewer]: Do you agree that a crash is

The post Comical Andy defends the Sydney bubble appeared first on MacroBusiness.

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MacroBusiness Monday, May 25, 2015 - 09:36 Source

From Credit Suisse:  In this report we note that the current forecast market wide dividend pay-out ratio is at a 21-year extreme high having trended up significantly over the past four or so years as investor demand for yield has intensified over that period (see Figure 1). ■ We also note that sell-side analysts are forecasting a peak

The post Get set for peak dividends appeared first on MacroBusiness.

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The Australian Independent Media Network Monday, May 25, 2015 - 09:27 Source

By Eva Cripps.

Catholics are not known for social progression. Abortion is evil. Divorce is a sin. Being gay is unnatural and against God’s will. At least that is what the celibate, robed patriarchy in charge of church ideology will tell you. But times move on. And now Ireland has joined a long list of countries and states to allow all couples in loving relationships to marry. Ireland, a historically conservative Catholic nation, has shown Australia up by becoming the first country in the world to approve same-sex marriage by popular vote.

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The Australian Independent Media Network Monday, May 25, 2015 - 09:27 Source

Joe Hockey is sitting on a knife edge, just like our economy. His 2015-16 fiscal statement (the budget) is predicated on the expectation that the Australian business community will awaken from their slumber. He thinks they will kick-start our economy back to a growth rate that will absorb a sizeable chunk of the unemployed. The Age’s Michael Pascoe explains here why this won’t happen.

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Monday, May 25, 2015 - 09:11 Source

If at first you don’t succeed, keep de-stabilising. Michael Brull reports on the disaster we helped create.

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Cheeseburger Gothic Monday, May 25, 2015 - 09:09 Source

TT popped a comment into one of the threads beflow, but it more appropriately desrves it's own entry. My condolences, Tyger:

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Drag0nista's Blog Monday, May 25, 2015 - 08:56 Source

If Bill Shorten concludes that Labor’s best hope for electoral success is to...

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MacroBusiness Monday, May 25, 2015 - 07:54 Source

By Chris Becker A solid inflation print, particularly core CPI plus a newly hawkish Fed Chair Janet Yellen’s comments took the mojo out of risk markets on Friday night. The US dollar soared higher on the enhanced hawkish stance that rates will rise sooner than expected, with undollar assets like oil, gold and the Aussie

The post Macro Morning (inflationista) appeared first on MacroBusiness.

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MacroBusiness Monday, May 25, 2015 - 07:52 Source

By Leith van Onselen Lindsey David’s call that Australian housing will crash by 2017 has prompted a strange defence by NAB chief economist, Alan Oster, who argues that there is no “bubble” because of an imbalance in supply and demand, but then perversely claims that values could fall by 30% in the event that unemployment

The post NAB says there’s no bubble but it might pop! appeared first on MacroBusiness.

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