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The Australian Independent Media Network Saturday, June 6, 2015 - 06:39 Source

Saturday May 30

1 I put on the telly this Morning to find Greg Hunt giving a press conference self-congratulating himself on the UNs decision to not place the Great Barrier Reef on the endangered list. Then a half hour later a Greenpeace spokesperson explains that we are only on probation for 18 months and that the effect of future climate change had not been taken into account, nor the proposed coal mine.

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Saturday, June 6, 2015 - 05:50 Source

Following his old rule of ‘one goof, at least, a day’, Abbott said peeking at Sarah Hanson Young in the shower was his way of ‘looking after her’. Andrew Bolt said she was a ‘national disgrace’ for having complained about it. Peter Dutton, lately acclaimed by the AMA as ‘the worst Health Minister since Federation’ and lately bidding fair to be the worst Immigration Minister, said she always got her facts wrong, though the relevant company, Wilson Security, said one of their employees had ‘gone too far’ and had been ‘admonished’ for ‘exceeding his brief’.

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Digitopoly Saturday, June 6, 2015 - 03:21 Source

Chris Sacca, an investor who predicted Twitter‘s success ahead of everyone has penned some thoughts. If you are really interested, it is worth the read but he helpfully provides a summary.

Twitter simply needs to:

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Friday, June 5, 2015 - 20:42 Source

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Politically homeless Friday, June 5, 2015 - 18:10 Source

Insofar as the Abbott government has a heart or a core at all, it is trying to create a convincing form of non-economic protectionism. It can't succeed at that, it won't succeed, although it already seems to have a convincing re-election scenario in place.ProtectionismFor most of the 20th century the Australian economy was highly protected. Australian manufacturers were protected from import competition by tariffs and other similar measures. In return for this protection they were obliged to pay Australian workers higher wages than workers in other countries would get for similar work.

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Friday, June 5, 2015 - 16:23 Source

Women make up 55% of all medical graduates, 57% of all doctors under 30, 59% of endocrinologists, 58% of pathologists, 53% of paediatricians, 50% of rheumatologists, 49% of obstetricians and 43% of GPs.  In fact, it is only in the surgical and...

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MacroBusiness Friday, June 5, 2015 - 16:01 Source

Stan Shamu for Chris Weston, Chief Market Strategist at IG Markets News that Greece deferred its IMF payment due this week resulted in a bund rally as the sell-off in Greek bonds resumed. While optimism had been growing that progress had been made in negotiations between Greece and its creditors, it’s clear there is still

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MacroBusiness Friday, June 5, 2015 - 14:36 Source

By Leith van Onselen The Australian Chamber of Commerce and Industry (ACCI) has provided a response to the Abbott Government’s tax discussion paper, calling on the Government to, among other things, end bracket creep and implement a broad-based land tax in place of inefficient and inequitable stamp duties: The ACCI’s roadmap for tax reform consists

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Renew Economy Friday, June 5, 2015 - 13:46 Source

Australia’s first council and community-owned solar project could be completed by the end of 2015, with campaign to attract local investors set to launch.

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Friday, June 5, 2015 - 13:46 Source

The Abbott government is in damage control amid an emerging scandal involving spying allegations against immigration contractors.

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Friday, June 5, 2015 - 13:46 Source

The Abbott government is in damage control amid an emerging scandal involving spying allegations against immigration contractors.

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Friday, June 5, 2015 - 13:21 Source

In the not so distant past one might imagine two large men named Sal and Rocco outside a ‘social club’ in the Bronx, New York,…

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MacroBusiness Friday, June 5, 2015 - 13:18 Source

You wouldn’t read about it, from the AFR: In an exclusive interview with AFR Weekend, BHP chief executive Andrew Mackenzie confirmed that he “was in conversation” with the group of six petroleum industry chief executives who are reported to have approached the UN and national governments with expressions of interest in manufacturing a workable global

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MacroBusiness Friday, June 5, 2015 - 13:10 Source

Cross-posted from Investing in Chinese Stocks. Jiangsu govt bond issued at 100. Sina shows no trades, but: In the days after the deals printed, the secondary market has shown precisely what it thinks about the pricing of these bonds. Many haven’t traded at all – private investors are clearly giving them a wide berth –

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Renew Economy Friday, June 5, 2015 - 13:04 Source

A new analysis of historic weather balloon data reveals that the troposphere has been warming as climate models predicted.

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MacroBusiness Friday, June 5, 2015 - 13:03 Source

Cross-posted from The Conversation: One routine governance decision prone to corruption is the zoning of our cities. Land zoning rules supposedly ensure complementary uses are co-located while conflicting uses are not. For instance, zoning ensures chemical plants are not built next to schools and electricity grids are planned for areas with future population pockets. But

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Renew Economy Friday, June 5, 2015 - 12:52 Source

Japanese construction company Sekisui Heim deployed Star Wars droids in recent television ad promoting its net zero houses.

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Renew Economy Friday, June 5, 2015 - 12:52 Source

Japanese construction company Sekisui Heim used Star Wars droids to promote its net zero houses. It worked.

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MacroBusiness Friday, June 5, 2015 - 12:45 Source

Chris Joye doesn’t mince words today: There’s only one party to blame for Australia’s unprecedented house price bubble. And it’s not buyers, vendors, developers, immigrants or local councils restricting new approvals. While they have all contributed to the underlying demand and supply dynamics, the unsustainable price growth across Sydney and Melbourne since January 2013 is squarely

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MacroBusiness Friday, June 5, 2015 - 12:29 Source

From Morgan Stanley on the CISA steel output data I noted this morning, lends more weight to the base case that the output spike is temporary: Our comments: The pickup in daily production is in line with the Tangshan blast furnace operating rate, which was up 1% from early May. The increase in inventory at mills, while

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The Australian Independent Media Network Friday, June 5, 2015 - 11:58 Source

Welcome to another Your Say.

Can we talk about leaks? They certainly have been big news this week:

Senior Minister Ian Macfarlane has described as “very accurate” media accounts of a rowdy Cabinet discussion on national security, which was seemingly leaked in detail last week.

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Friday, June 5, 2015 - 11:32 Source

Immigration Minister Peter Dutton’s proposed ‘power to banish’ laws were even too extreme for the Liberal Party. Mathew Kenneally weighs in.

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Renew Economy Friday, June 5, 2015 - 11:08 Source

The Abbott government is looking increasingly isolated on the international stage over its climate policies, and has even been labelled a 'climate villain'. This, as the fossil fuel civil war moves to Australia, with the gas industry ridiculing the environmental claims of 'clean coal'.

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Renew Economy Friday, June 5, 2015 - 11:03 Source

The forestry lobby has fought hard to have native forest biomass included an eligible fuel source under the RET. But why? And at what cost?

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Cheeseburger Gothic Friday, June 5, 2015 - 10:53 Source

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MacroBusiness Friday, June 5, 2015 - 10:52 Source

By Leith van Onselen Almost daily now I am reading media articles on how foreign nationals are buying-up established housing across Australia, pushing up values and pricing-out locals. For example, yesterday the Central Coast Gosford Express Advocate reported the following about how Chinese nationals are purchasing homes across the New South Wales Central Coast: Chinese

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The Australian Independent Media Network Friday, June 5, 2015 - 10:49 Source

One thing that has become increasingly apparent about Tony Abbott is that he gears his words to his audience.  If that meant explaining policies at a level that the audience could comprehend, that could be a good thing, but in the case of our Prime Minister, it means saying what you think they want to hear even if it is inconsistent with, or even diametrically opposed to what you have told a different audience.

When Tony visited a meeting of 130 farmers and townspeople in Beaufort in September 2009, he called for a show of hands on whether the Coalition should support the ETS. Only a handful voted yes.

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Popular Science Friday, June 5, 2015 - 10:48 Source

The Type 055 test rig shows signs of completion by January 2015 as seen from Google Earth. It's a rough approximation of the actual cruiser, with enough physical similarity to help training crew for procedures like helicopter landings and layout familiarization.

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Popular Science Friday, June 5, 2015 - 10:48 Source

Today, after several days of weather delays,, NASA is going to see what it would be like to land a giant flying saucer on Mars by launching an experimental spacecraft here on Earth: the Low Density Supersonic Decelerator (LDSD).

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Popular Science Friday, June 5, 2015 - 10:48 Source

Anyone who has seen Mad Max: Fury Road (or even the trailer, no spoilers here) might have noticed the massive amounts of water getting pumped out of the ground, giving life to an otherwise dry, dusty, drought-ridden landscape.

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