Blogotariat

Oz Blog News Commentary
Prosper Australia Monday, March 30, 2015 - 14:50 Source

Treasury today released its submission to the federal Tax White Paper. It has found a tax that actually confers a benefit on Australian citizens. That is, using it actually leaves us better off. It isn’t a new tax. It is land tax. Unbiased economists have always known a broad based nil exemption land tax has […]

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Monday, March 30, 2015 - 14:38 Source

An organisation that provides vital support and casework for asylum seekers has made a desperate call for funding as the Coalition's cuts hit home.

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MacroBusiness Monday, March 30, 2015 - 14:31 Source

From The Australian: Oil and gas company Santos “simply must raise capital” in the face of slumping oil prices or it risks failing to break even on a cash-flow basis, says investment bank Credit Suisse. Credit Suisse, in a research note today, said Santos needed an oil price of at least $US83 a barrel to have

The post CS: Santos is buggered appeared first on MacroBusiness.

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MacroBusiness Monday, March 30, 2015 - 14:15 Source

By Leith van Onselen As revealed over the weekend, Treasurer Joe Hockey has suggested the Government will implement Labor’s planned deposits levy of five basis as part of the May Budget, which could raise up to $500 million a year. From The AFR: The bank tax, as proposed by Labor ahead of the 2013 election,

The post Deposits levy a sound idea appeared first on MacroBusiness.

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Renew Economy Monday, March 30, 2015 - 14:10 Source

City utility aims for 80% cut in emissions by 2030 and carbon neutrality by 2050, and learns that encouraging solar and energy efficiency does not mean a cut in revenue.

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Renew Economy Monday, March 30, 2015 - 14:08 Source

High-tech industrial battery manufacturer Saft will supply Sunica plus batteries for a solar power installation at the Duhkan oilfield in Qatar.

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Renew Economy Monday, March 30, 2015 - 14:06 Source

Demand for electric vehicles is growing around the world fairly rapidly, according to new analysis from the Centre for Solar Energy and Hydrogen Research.

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MacroBusiness Monday, March 30, 2015 - 14:04 Source

As Australia flirts with disaster in the Pilbara with growing Chinese ownership, the AFR reports of similar dynamics ahead for LNG and Japan: Ms Sekiguchi, KPMG’s Tokyo-based head of energy and natural resources in Asia Pacific, said Asian utilities, trading houses and national oil companies, particularly from Japan, were enthusiastic about using their minority positions

The post Japan to control Australian LNG? appeared first on MacroBusiness.

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MacroBusiness Monday, March 30, 2015 - 13:52 Source

Big iron ore taking it in the team today with both RIO and BHP down 2% and FMG down 3.5%. To the index:   The equity index is falling but not as fast the iron ore price so the idiocy spreads keep on widening:   Damn its going to hurt when they close!  The dead

The post Iron ore equity takes a bath appeared first on MacroBusiness.

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Renew Economy Monday, March 30, 2015 - 13:03 Source

Clean Energy Council enlists support of peak bodies who lobbied for cut in RET to break impasse, as Coalition digs in, solar groups lament compromise.

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Renew Economy Monday, March 30, 2015 - 12:52 Source

Dutch smelter Aldel aims to come out of bankruptcy, provided it gets direct connection to German grid. Such is the attraction of Germany's cheap and green energy.

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MacroBusiness Monday, March 30, 2015 - 12:33 Source

By Leith van Onselen Treasurer Joe Hockey has once again all but repeated the tired myth that the temporary abolition of negative gearing between 1985 and 1987 drove-up rents. From The AFR: Mr Hockey said negative gearing on housing was “part of the conversation” but played down one argument against the popular tax concession, saying

The post Hockey repeats negative gearing rents myth appeared first on MacroBusiness.

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MacroBusiness Monday, March 30, 2015 - 12:33 Source

By Leith van Onselen Treasurer Joe Hockey has once again all but repeated the tired myth that the temporary abolition of negative gearing between 1985 and 1987 drove-up rents. From The AFR: Mr Hockey said negative gearing on housing was “part of the conversation” but played down one argument against the popular tax concession, saying

The post Hockey repeats negative gearing rents myth appeared first on MacroBusiness.

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Monday, March 30, 2015 - 12:28 Source

Australia's major cities will face water scarcity and the cost of drought to the nation's economy is likely to balloon without strong climate action, a new report has warned.

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MacroBusiness Monday, March 30, 2015 - 12:25 Source

From Goldies: Congratulations to the RBA. Almost there…

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MacroBusiness Monday, March 30, 2015 - 12:22 Source

From Tim Toohey and Andrew Boak: Economic momentum disappoints into late 2014… Economic momentum continues to struggle against the headwinds from ongoing terms of trade decline, weak income growth, fiscal consolidation, and declining business investment. The 4Q2014 National Accounts were a testament to this tension as domestic demand growth slowed to +0.4% (6- mth annl.) and nominal income decelerated

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Drag0nista's Blog Monday, March 30, 2015 - 12:21 Source

It’s more likely voters elected Mike Baird because they trust him to do the right thing for the state. Considered from this perspective, the result is not particularly good news for the Prime Minister. Weekly column for The Drum.Filed under: Politics Tagged: authencity, Mike Baird, NSW election, reform, Tony Abbott, trust

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MacroBusiness Monday, March 30, 2015 - 11:53 Source

From The Australian: US fund management giant The Capital Group has taken advantage of this month’s slide in the share price of Fortescue Metals Group to add to its stake in Australia’s third-biggest iron ore miner. Capital increased its stake in Fortescue to 7.08 per cent from 6.05 per cent previously, buying nearly 32 million

The post Capital Group still buying Fortescue appeared first on MacroBusiness.

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MacroBusiness Monday, March 30, 2015 - 11:38 Source

By Leith van Onselen The Australian Treasury has today released its Tax White Paper discussion paper, which outlines its blueprint for tax reform and seeks community feedback. According to the discussion paper, Australia has one of the lower tax burdens in the OECD, at around 27.3% in 2012: However, as noted previously, the figures are

The post Treasury tax paper lays reform blue print appeared first on MacroBusiness.

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Monday, March 30, 2015 - 11:22 Source

Was it a bird? A plane? A drunken streaker? No, it was the latest attempt to draw attention to Australia's human rights abuses.

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xkcd.com Monday, March 30, 2015 - 11:00 Source

A God who holds the world record for eating the most skateboards is greater than a God who does not hold that record.

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Monday, March 30, 2015 - 10:25 Source

(From Dali)

It is crucial that all these snake-oil salesmen get exposed as the malevolent alchemists they are.

First, the Treasury says that of the 33 developed countries that have taxes similar to the GST, only 3 charge less than Australia. So what? How about Treasury tells everyone what the entire tax packages of these 33 countries have. None of them charge less death duty or inheritance tax than Australia.

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MacroBusiness Monday, March 30, 2015 - 10:21 Source

From Dad’s Army’s Gotti today: …it is almost impossible for dwellings to go down significantly while the existing [policy] chain remains in place. To negative gearing and capital gains concessions are added…Australia’s population is rising but in most centres, the supply of housing land and building approvals restricts the amount of new dwellings available…Secondly, the

The post Dad’s Army: “Impossible” for house prices to fall appeared first on MacroBusiness.

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Popular Science Monday, March 30, 2015 - 10:19 Source

Antarctica is a frozen, beautiful continent, that might not be completely frozen for much longer. Just like the Arctic, Antarctica's ice shelves are disappearing, and fast, which could have impacts on coasts much closer to home.

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Popular Science Monday, March 30, 2015 - 10:19 Source

Airplane wings are rigid structures. They're great for wide open skies, but one bad collision with a wall or a tree branch and suddenly the flying machine has trouble staying airborne. Helicopter rotors also fare poorly when colliding with structures. But a new bio-inspired wing gives bat-like flexibility to mechanical wings, so they can bounce back after a collision.

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Popular Science Monday, March 30, 2015 - 10:19 Source

People with congenital colorblindness can see about 1 percent of the colors that a typical person can, and the condition can have negative impacts on their lives. Colorblindness can prevent people from becoming pilots or electricians, as well as limit their vision at night, putting themselves and others in danger. Now a pair of researchers are teaming up with the startup Avalanche Biotechnologies to develop a genetic therapy that could cure colorblindness.

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Popular Science Monday, March 30, 2015 - 10:19 Source

This afternoon, NASA astronaut Scott Kelly and Russian cosmonaut Mikhail Kornienko take off for a yearlong stay on the International Space Station. The record-breaking jaunt aims to help researchers understand how humans react and adapt to protracted stints in space. After all, we may soon find ourselves capable of traveling farther away from our home planet--and things can get weird while living long-term in zero gravity.

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Popular Science Monday, March 30, 2015 - 10:19 Source

On Tuesday, the news of the Germanwings flight crash en route to Dusseldorf appeared to be another tragic accident, like the AirAsia and Malaysia Airlines flights of the past year.

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Popular Science Monday, March 30, 2015 - 10:19 Source

Ten hours, 32 minutes, and 44 seconds. That's how long a day lasts on Saturn. Researchers finally calculated this elusive statistic thanks to a new method developed by Tel Aviv University and published in the journal Nature.

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Popular Science Monday, March 30, 2015 - 10:19 Source

Yesterday, DARPA released their latest vision for the future. As the far-seeing technological eye of the Defense Department, DARPA's had its hand in everything from the launch of stealth fighter jets to the birth of the Internet. So when they predict the future, it's likely they're in a place to make that future come true. Here are four future technologies the DARPA report highlights, which we can expect to see on the battlefields of the future.

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