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Oz Blog News Commentary
The Australian Independent Media Network Monday, May 4, 2015 - 11:18 Source

“When I was young I thought South Africa would always be apartheid.  I never thought the Berlin Wall would come down.  I thought Russia would always be Communist.  Leaders didn’t bring these changes.  They came from the people.  All of us as individuals must turn up.”

– Tony Windsor, Carnegie Conversations, Sydney Opera House, 3 May 2015

On Sunday, the Sydney Opera House hosted the Carnegie Conversations – a series of discussions about a variety of topics broadly themed around what is wrong with Australia and how can we fix it – ideas for a better Australia.

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MacroBusiness Monday, May 4, 2015 - 11:14 Source

by Chris Becker Is Westpac ringing a bell here for banking stocks a day before the RBA will most likely give the oligopoly another boost? The first half net profit of the country’s second biggest mortgage holder was completely flat, unchanged at $3.6 billion as it reported this morning. Just as flat analysis points to

The post Westpac money printer breaks as equity runs short appeared first on MacroBusiness.

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MacroBusiness Monday, May 4, 2015 - 10:57 Source

By Leith van Onselen The Australian reported over the weekend that next week’s Federal Budget would include additional special incentive payments to employers that take on unemployed workers over the age of 50: Older Australians will get new ­rewards for finding work… Federal cabinet has agreed to make faster payments of up to $10,000 to

The post Budget to favour unemployed seniors over youth appeared first on MacroBusiness.

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MacroBusiness Monday, May 4, 2015 - 10:55 Source

From Forexlive: TD Securities Inflation/Melbourne Institute (MI) Inflation Gauge for April. For the m/m,  +0.3% prior was +0.4% For the y/y,  +1.4% prior was +1.5% Trimmed mean +1.4% y/y prior +1.6% y/y Note … Slowing in non-tradable prices (1.8% y/y from 2.5% prior month)  … this is significant as inflation here has been high in recent

The post TD monthly inflation soft appeared first on MacroBusiness.

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Renew Economy Monday, May 4, 2015 - 10:43 Source

Tesla's battery pack won't allow you to quit the grid, but it does put a bomb under need to transform our unidirectional dumb grids into multi-directional multi-generation type smart grids. ASAP.

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Renew Economy Monday, May 4, 2015 - 10:43 Source

Tesla's battery pack won't allow you to quit the grid, but it does put a bomb under need to transform our uni-directional dumb grids.

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Renew Economy Monday, May 4, 2015 - 10:40 Source

The startup Vortex Bladeless is developing a bladeless micro wind turbine, like a super-long popsicle stick only rounder.

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MacroBusiness Monday, May 4, 2015 - 10:40 Source

This is what I mean when I talk about adding multipliers to falling mining jobs: That’s your shale bust. But this is still only the beginning for WOR and many of these jobs and more will be Australian. Just wait for LNG projects to finish and the iron ore production bust.

The post Worley Parsons to shred workforce appeared first on MacroBusiness.

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Popular Science Monday, May 4, 2015 - 10:37 Source

One minute the mouse was starving, and the next it turned away from its food, leaving it untouched. Its sudden bursts of activity were counteracted with just as sudden bouts of lethargy. This mouse was acting strange, and it wasn't by accident--it was because scientists made it behave that way.

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Popular Science Monday, May 4, 2015 - 10:37 Source

Could a battery big enough to power your whole home be coming to market soon? Yes, says Elon Musk. More than that, he says it will change the world. Rumors have swirled for weeks about a new announcement from Tesla, with onlookers around the world latching onto any crumb of information from the electric car company. CEO Elon Musk kept the suspense level high, promising that on Thursday he would reveal 'The Missing Piece' of the energy equation.

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Popular Science Monday, May 4, 2015 - 10:36 Source

Graffiti by drone was supposed to be a bad joke. Despite a ban on drones from this year's South by Southwest convention, a remote-control vandalism machine made its way to the show. Now, someone has used a drone to scrawl a tag across a billboard in New York. Welcome to vandalism's most complicated, least exciting era.

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Popular Science Monday, May 4, 2015 - 10:36 Source

The world of Middle Earth, as portrayed in the Lord of the Rings books and films, is known mainly for its inhospitability. Giant spiders, orc hordes, ringwraiths on horseback, and terrifying monstrosities of shadow and flame in the depths of caverns all make for a pretty unpleasant environment. As the books tell, it's also a great setting for adventurers, who tirelessly cross the world to fight these monsters and others.

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Popular Science Monday, May 4, 2015 - 10:36 Source

Thanks to new genetic engineering techniques, we can edit DNA with more precision than ever before. This technology has the potential to change whether a baby lives or dies, but it also carries with it a lot of unanswered scientific and ethical questions, such as the possibility of one day creating "designer babies".

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Popular Science Monday, May 4, 2015 - 10:36 Source

Your heart might “skip a beat” if you're frightened or you suddenly see a long-lost love, but in real life, an irregular heartbeat can be dangerous. If the heart can't pump enough blood to the body, it could result in organ failure or stroke. And certain prescription drugs may throw off the natural rhythm of your heart if not properly vetted.

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Popular Science Monday, May 4, 2015 - 10:36 Source

Even after 54 years of sending astronauts into space, NASA is still learning about how space conditions affect the human body. Currently, the agency is studying the effects of long-duration space flight on human vision, with its unique twins study. And researchers continue to analyze how microgravity wears away at the musculoskeletal system.

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Popular Science Monday, May 4, 2015 - 10:36 Source

From armored fish scales to ice-proof airplane coating based on frog's skin, the natural world has long been an inspiration to engineers. For those designing implantable medical devices, incorporating elements of the natural world has been even more challenging.

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Popular Science Monday, May 4, 2015 - 10:36 Source

North Sea Boats' new X-18 Tank Boat feels like it should be a G.I. Joe toy. The 60-foot long catamaran can travel up rivers, carry a small inflatable boat on its back, and deliver either 20 Marines or Navy SEALs to shore. It also has a tank cannon in a turret on top of the main cabin, and if that isn't enough, it's possible to put an automated heavy machine gun turret on top of the tank turret.

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Popular Science Monday, May 4, 2015 - 10:36 Source

Bought a drone, and want to fly it legally, but have no idea where to do that? A new map created by drone hobbyists and enthusiasts aims to be an atlas, laying out the legal landscape for piloting unmanned vehicles.

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MacroBusiness Monday, May 4, 2015 - 10:24 Source

By Leith van Onselen The RBA has released its commodity price index for April, which registered another 3.3% fall in SDR (currency weighted) terms – the key determinant of the terms-of-trade – and a 3.6% fall in Australian dollar terms: Preliminary estimates for April indicate that the index declined by 3.3 per cent (on a

The post RBA commodity price index smashed in April appeared first on MacroBusiness.

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Monday, May 4, 2015 - 10:16 Source

The chronic underpayment of workers in Australia's early education sector is the subject of a new campaign by union United Voice. Kylie Grey explains.

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MacroBusiness Monday, May 4, 2015 - 10:14 Source

From Mac Bank: India’s finance minister has announced that the country will reduce export taxes for low grade iron ore from the current 30% to 10%. The cut will apply to ores with grades lower than 58%Fe and as such, will benefit miners in Goa where output is generally lower grade and where mining is due to restart following

The post Mac Bank: Indian iron ore exports to rebound appeared first on MacroBusiness.

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xkcd.com Monday, May 4, 2015 - 10:00 Source

I'M SORRY, FROM YOUR YEARS OF CONDESCENDING TOWARD THE 'SQUISHY SCIENCES', I ASSUMED YOU'D BE A LITTLE HARDER.

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MacroBusiness Monday, May 4, 2015 - 09:51 Source

By Chris Becker More scuttlebutt this morning around “leaked” RBA decisions. First from Eamonn Sheridan at ForexLive has it right: 3 decisions, and 3 consecutive times the markets have moved in the correct direction in the seconds leading up to the announcement. The RBA have conducted an investigation and in the previous Minutes said the movement

The post ASIC blows smoke on RBA leaks appeared first on MacroBusiness.

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Monday, May 4, 2015 - 09:39 Source

NSW Government attempts to sell off public housing on the CBD fringe and move our residents is being captured on film. Thomas Williams reports.

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The Melbourne Urbanist Monday, May 4, 2015 - 08:48 Source

Are motorcycles the answer to urban traffic congestion?

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Monday, May 4, 2015 - 08:42 Source

Aboriginal aspirations rarely accord with government policy, and that's particularly the case with the Kuninjku, writes Professor Jon Altman.

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MacroBusiness Monday, May 4, 2015 - 08:35 Source

By Chris Becker First a recap of Friday’s action and then a longer term technical view of the major risk markets as we head into the “Sell in May” season. A quiet-ish afternoon across Asia translated into a tepid European session and then an upbeat US session with most markets closing 1% or more in

The post Macro Morning (Trading Week) appeared first on MacroBusiness.

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Renew Economy Monday, May 4, 2015 - 06:25 Source

Europe continues to lead the world on climate action as Australia lags further behind. Many countries now want to push for zero emissions by 2050.

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MacroBusiness Monday, May 4, 2015 - 06:16 Source

Chris Richardson and the chaps at Deloitte Access Economics have a done stellar job in outlining the total Budget disaster unfolding before our eyes today. As you read the following, bear in mind that DAE has a track record of sobriety and non-partisan politics. Then weep. The hole is getting bigger Budget has two drivers: 

The post Deloitte decribes giant Budget suckhole appeared first on MacroBusiness.

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Digitopoly Monday, May 4, 2015 - 02:01 Source

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So I have had the Apple Watch for a week. “Of course you have,” you may say. But my spouse has had it too and she is not one to adopt things early. That may assure readers that perhaps some more objectivity may come with this review.

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