Blogotariat

Oz Blog News Commentary
Renew Economy Monday, April 27, 2015 - 15:19 Source

Greens skewer Abbott climate policy with ambitious new post-2020 emissions reduction targets setting a 'steady trajectory' to zero by 2040.

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MacroBusiness Monday, April 27, 2015 - 14:58 Source

From Roy Morgan Research comes more bad news for Prime Minister Tony Abbott, although opposition leader, Bill Shorten, is on the nose as well: Former Liberal Party Leader Malcolm Turnbull is again clearly preferred as Liberal Leader by 38% of electors (up 2% since January 12-13, 2015) well ahead of Deputy Leader Julie Bishop 27%

The post Abbott support plumbs new lows appeared first on MacroBusiness.

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Renew Economy Monday, April 27, 2015 - 14:52 Source

Latest Global Climate Index shows nearly half of world’s biggest investment funds – some in Australia – failing to protect portfolios from climate change.

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Renew Economy Monday, April 27, 2015 - 14:52 Source

Local anti-wind group ATWA vows to fight Qld Labor's decision to approve the 63-turbine, 225MW Mt Emerald wind farm planned for Far North Queensland.

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Renew Economy Monday, April 27, 2015 - 14:52 Source

Local anti-wind group ATWA to fight Qld Labor's approval of 63-turbine, 225MW Mt Emerald wind farm planned for Far North Queensland.

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Renew Economy Monday, April 27, 2015 - 14:36 Source

Tesla's big battery storage announcement is likely to focus on a 5-kilowatt home unit and a 200-kilowatt commercial-scale battery.

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MacroBusiness Monday, April 27, 2015 - 14:30 Source

By Leith van Onselen The New York Times (NYT)  has published an extraordinarily one-sided article from Gregory Mankiw, a professor of economics at Harvard University, in favour of the Trans-Pacific Partnership (TPP) trade agreement. Let’s take a look: If Congress were to take an exam in Economics 101, would it pass? We are about to

The post Wake up economists. The TPP is not “free trade” appeared first on MacroBusiness.

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Renew Economy Monday, April 27, 2015 - 14:21 Source

As Coalition defends funding of climate contrarian Lomborg, business lobby warns Direct Action won't meet targets, and will blow multi-billion dollar hole in budget.

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Renew Economy Monday, April 27, 2015 - 14:19 Source

Representatives from companies around the world met in Switzerland to discuss climate targets. Notably, no Australian company was present.

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Renew Economy Monday, April 27, 2015 - 14:17 Source

Ampyx Power, the Dutch-based developers of novel airborne wind energy technology, to establish some of its first commercial scale projects in Australia.

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MacroBusiness Monday, April 27, 2015 - 14:17 Source

Pinning the ears back now: And dragging RIO up with it… Dalian back to 430…

The post Fortescue short squeeze turns nuclear appeared first on MacroBusiness.

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MacroBusiness Monday, April 27, 2015 - 14:05 Source

Courtesy of James Shugg and Sean Callow at Westpac Global Economics: The Eurogroup of finance ministers and central bankers met in Riga last Friday amidst (accurate) speculation that little progress would be made towards reaching an agreement between the Greek government and its creditors on the measures Greece must (re)commit to in order that the long-delayed

The post The long path to Greek resolution appeared first on MacroBusiness.

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MacroBusiness Monday, April 27, 2015 - 13:54 Source

So it was nonsense buyers after all, from Bloomberg: Franklin and Capital Group helped lure the iron-ore producer back to the market by agreeing to buy most of a $1.1 billion chunk of securities in a so-called reverse inquiry…The sale allowed the money managers to swap their lower- ranking unsecured notes for secured debt that

The post Buyers of Fortescue ponzi-bond revealed appeared first on MacroBusiness.

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MacroBusiness Monday, April 27, 2015 - 13:45 Source

Cross-posted from The Conversation: Long before the release of French economist Thomas Piketty’s smash bestseller, it was recognised by social scientists that income inequality in developed countries had been rising for a while. Economists’ stock-in-trade explanation for this trend was that people whose skills combined well with modern production technologies had seen bigger income growth

The post This Budget, like others, will favour the rent-seekers appeared first on MacroBusiness.

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Renew Economy Monday, April 27, 2015 - 13:42 Source

The fossil fuel industry continues to peddle the shop-worn storyline that more coal will be the salvation of the energy poor. But the energy poor are not so sure.

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MacroBusiness Monday, April 27, 2015 - 12:36 Source

From the Boston Federal Reserve: During the onset of a very severe financial and economic crisis in 2008, the federal funds rate reached the zero lower bound (ZLB). With this primary monetary policy tool therefore rendered ineffective, in November 2008 the Federal Reserve started to use its balance sheet as an alternative policy tool when

The post Fed mulls perma-QE appeared first on MacroBusiness.

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Renew Economy Monday, April 27, 2015 - 12:35 Source

7 of the “ideas and developments” that have already helped these cleantech solutions break through big barriers, and/or will help them get to the next stage.

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MacroBusiness Monday, April 27, 2015 - 12:19 Source

The big iron short squeeze continues today in the equity market but it’s a bit of fizzer versus the underlying price. BHP has only managed to flop up 1.5% as it’s $500m Singapore tax shifting comes hope to roost and RIO is also under-performing London up only 2%.  FMG is again the standout as it flies

The post Iron ore miners balk at dead cat appeared first on MacroBusiness.

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MacroBusiness Monday, April 27, 2015 - 12:08 Source

By Leith van Onselen Business Spectator’s Victoria Thieberger has penned an article today spruiking the great boom in services exports which can apparently more than offset the commodity bust: Earnings from services exports last year totalled $59 billion, a little less than the $66bn earned from iron ore exports, and are growing quickly. The rise

The post More sell ‘em services delusion appeared first on MacroBusiness.

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Prosper Australia Monday, April 27, 2015 - 12:03 Source

Prof Michael Hudson on the Ancient Near East by Renegadeeconomists on Mixcloud 04/01/2015 An interview on the new Michael Hudson book – Labor in the Ancient World, the latest in the series on the Ancient Near East, co-edited with Piotr Steinkeller.  Karl: Welcome to the Renegade Economists with your host, Karl Fitzgerald. This week we’re stepping back […]

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Monday, April 27, 2015 - 12:03 Source

LAST week Environment Minister, Greg Hunt, announced the winners of the Carbon Abatement Fund, the bright, shining light of the Abbott government’s Direct Action policy.…

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MacroBusiness Monday, April 27, 2015 - 11:56 Source

From MNI via Forexlive: Ma Jun, chief economist of the research bureau under the PBOC: Says recent PBOC deposit reserve and interest rate cuts were not meant to create a strong stimulus effect Simply to maintain a neutral monetary policy position Said capital inflows no longer providing funds for the Chinese economy, liquidity could be

The post PBOC: We’re not stimulating appeared first on MacroBusiness.

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Monday, April 27, 2015 - 11:51 Source

Media companies use staff Twitter accounts for marketing, then turn on employees when things go wrong, says the MEAA. Max Chalmers reports.

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The Australian Independent Media Network Monday, April 27, 2015 - 11:38 Source

The Abbott government suffers from a bad case of premature congratulation.

We have had a parade of Hockey, Cormann, Frydenberg, Abbott and others telling us that they have halved Labor’s debt – which is a rather bizarre claim considering the gross debt has increased by $83 billion (and counting) since they took office.

Joe Hockey tells us that “job creation across the economy is running at around 15,000 new jobs a month. This is three times larger than the average of around 5,000 jobs a month last year.”

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MacroBusiness Monday, April 27, 2015 - 11:32 Source

From Morgan Stanley: What’s Puzzling You? Peak multiples and arguably peak earnings for the ASX 200 leave us cautious on the outlook for Australian Equities. Our Index Target remains below current levels but we acknowledge that the benchmark could trade above this in the short term whilst Yield compression buffers the reality of negative earnings momentum. Index Target Update: We update

The post Morgan Stanley: ASX past peak earnings appeared first on MacroBusiness.

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Monday, April 27, 2015 - 11:15 Source

My friend Rob McLachlan, with whom I wrote the Chifley play a Local Man, is a Canadian-born Bathurst resident and local historian and a fierce fan of a local boy, Charles Bean, the war historian, and I emailed him, saying:

From Bob Ellis

I’ve now seen Deadline Gallipoli twice. What did you think of it?

And Rob replied, saying:

Hello Bob,

I don’t have cable vision (or anything but “free to air”) television, so I can’t comment. Sorry. I live in a different world. However, I did see at the National Film and Sound Archives a most interesting documentary that you should try to see – if at all possible.

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MacroBusiness Monday, April 27, 2015 - 11:09 Source

The Sauce may be a grab bag of disaffected student nut-jobs but they are much better at analysing iron ore dynamics than the MSM. Take this: Strongman Iron, Australia’s fourth largest iron ore producer, will mothball its entire Pilbara operations this week, as iron ore prices continue to tumble around the globe. Strongman is the

The post Inside Strongman Iron’s meltdown appeared first on MacroBusiness.

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Monday, April 27, 2015 - 10:58 Source

White good. Black bad. So says the smiling, congenial host of Channel 7’s Sunrise. And yes, she still has her job.

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MacroBusiness Monday, April 27, 2015 - 10:44 Source

Given the boom in NZ versus the grinding slump in Australia, it’s a great question posed today by UBS: This week saw the release of Q1 inflation data for both Australia & NZ. As has been the case since 2012, inflation in NZ continues to be well below that for Australia, at 0.1% y/y in Q115, compared

The post Why is Australian inflation much higher than NZ? appeared first on MacroBusiness.

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Cheeseburger Gothic Monday, April 27, 2015 - 10:29 Source

And that means free shipping if you order with the offer code 'thedave3'

The link is here. I get a royalty top up if you buy from them.

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