Blogotariat

Oz Blog News Commentary
Popular Science Tuesday, March 31, 2015 - 10:19 Source

Graphene is a material with marvelous properties: It can be used to make square ice and night vision contact lenses. It can even be made from your leftover dinner.

Read more Views: 400
Popular Science Tuesday, March 31, 2015 - 10:19 Source

You know all those stories where humans accidentally create a monster that eventually runs amok and destroys everything? That cautionary tale is playing out in real-time in Florida right now. With termites.

Read more Views: 387
Popular Science Tuesday, March 31, 2015 - 10:19 Source

Though some may consider them a nuisance, opossums are amazingly hardy and opportunistic eaters, feeding on everything from the contents of a garbage can to fruits or snails. They also eat snakes and, thanks to an evolutionary chemical arms race, are immune to basically every kind of snake venom. Now, a team of researchers has isolated the peptide from the opossum that makes the animals resistant to snake bites, hoping to use it as a new, inexpensive antivenom in humans.

Read more Views: 387
Popular Science Tuesday, March 31, 2015 - 10:19 Source

Weather is free, of course, but predicting it, and anticipating changes like sudden storms or flash floods--that takes technical equipment and sensors. Thanks to 3D printing and cheap commercial electronics, USAID thinks they can bring weather stations to the developing world. And they should only cost about $200 each.

Read more Views: 317
Popular Science Tuesday, March 31, 2015 - 10:19 Source

DARPA's latest drone program just took a turn for the better. The Tactically Exploited Reconnaissance Node (TERN) is designed as a Medium Altitude Long Endurance (MALE) flyer for the US Navy. Like its avian namesake, TERN will be a sea-based flyer. The drone is designed as a sort of super crow's nest, flying from small vessels and scouting out the ocean ahead.

Read more Views: 316
MacroBusiness Tuesday, March 31, 2015 - 09:55 Source

By Leith van Onselen The ANZ-Roy Morgan Research (RMR) consumer confidence index has risen slightly once again, rising 0.9 points to 112.3 in the week ended 29 March to be tracking just below the long-run average of 113 (see next chart). According to ANZ, household’s view of the economic outlook is improving, which drove the

The post Consumer confidence stuck at low altitude appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Read more Views: 345
The Australian Independent Media Network Tuesday, March 31, 2015 - 09:52 Source

“We need to abolish the IRS and make the tax code fairer, flatter, and simple enough that taxes fit on a postcard.”

Ted Cruz, Republican Presidential Candidate.

 

“…our current tax system, which was designed before the 1950s, is ill-suited to the 2050s.

Read more Views: 502
MacroBusiness Tuesday, March 31, 2015 - 09:45 Source

From UBS:   Note that the UBS reference case is $59 this year, then $58, $68 and $75 for subsequent years. The spot case is $54 and already old…

The post And the damage to iron ore miner profits is… appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Read more Views: 343
MacroBusiness Tuesday, March 31, 2015 - 09:38 Source

From Mac Bank: For year’s Australia’s net migration data shows that people have come, but building approvals – and housing affordability – demonstrate that we’ve underbuilt. Now the opposite looks to be occurring. At a time when residential construction activity looks to finally be picking up, the pace of population growth is in decline – thanks to falling net

The post Mac Bank: We’re building but they’re not coming appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Read more Views: 315
MacroBusiness Tuesday, March 31, 2015 - 09:28 Source

By Leith van Onselen Last night, Labor Shadow Treasurer, Chris Bowen, appeared on ABC’s 7.30 Report where he said the following about negative gearing: Well I’ve said a couple of things about negative gearing and housing affordability policies more generally. Now on negative gearing I would not rule out going to the election with changes.

The post ALP to take negative gearing reform to election? appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Read more Views: 433
MacroBusiness Tuesday, March 31, 2015 - 09:08 Source

By Chris Becker The confidence fairy spread the pixie dust across risk markets last night as talk of stimulus in China outweighed real economy news like lower earnings for S&P500 companies, lower US consumer spending amid higher home sales. Mergers and buybacks also helped the S&P500 rise more than 1% while European stocks were helped

The post Macro Morning: Running of the bulls appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Read more Views: 306
MacroBusiness Tuesday, March 31, 2015 - 08:52 Source

By Leith van Onselen Reform to Australia’s inequitable and unsustainable superannuation concessions looks like a real possibility, with all major parties now backing reform. According to The AFR, Labor Treasury Spokesman, Chris Bowen, said there would be bipartisan support to reform the superannuation regime, which he claims is in need of “improvement”: “Where you have

The post Finally, super concession rort in the gun appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Read more Views: 314
Tuesday, March 31, 2015 - 08:00 Source

Normally, it's the other way around, but this morning a tiny community group will seek to squash one of the world's biggest miners. Thom Mitchell reports.

Read more Views: 230
MacroBusiness Tuesday, March 31, 2015 - 05:31 Source

Another splendid missive today from Alex Joiner of BofAML who is distinguishing himself as a more than sane foil to mainstream economic thinking in Australia. Republished with permission enjoy The rise and rise of Australian indebtedness or, as I like to call it, the dumbest bubble in history.   The release of the December quarter financial

The post The rise and rise and RISE of Australian debt appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Read more Views: 317
MacroBusiness Tuesday, March 31, 2015 - 05:30 Source

By Leith van Onselen Right on cue following the release yesterday of Treasury’s discussion paper on tax, the Property Council of Australia (PCA) released a spirited defence of negative gearing, arguing that its removal “would be a blow to battlers”: Average Australian families would be the real victims of any move to target negative gearing

The post Winners and losers in negative gearing reform appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Read more Views: 308
MacroBusiness Tuesday, March 31, 2015 - 05:29 Source

I guess the writing is on the wall. Following yesterday’s Alzheimer confessions by Ross Gittins and Robert Gottliebsen that we should be concerned about the sellout of Australian youth in mining and property, today we get The Pascometer covering his tracks with ladles of empathy. For Gittins is the failing mining boom that has so

The post An outbreak of Boomer crocodile tears appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Read more Views: 288
MacroBusiness Tuesday, March 31, 2015 - 05:28 Source

From the AFR, home of realty rentier whining: Offshore investors have baulked at Australian property following the Foreign Investment Review Board’s inquiry into non-resident investment, according to national law firm Maddocks. FIRB recommendations were released in November, 2014 and included new administration fees and tougher enforcement, including criminal penalties, for rule breaches. …”This is a

The post FIRB whiners primer: How to recognise a “child” appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Read more Views: 332
MacroBusiness Tuesday, March 31, 2015 - 04:36 Source

From The Guardian: Ann Pettifor of Prime Economics, who foreshadowed the credit crunch in her 2003 book The Coming First World Debt Crisis, says: “We’re going to have another financial crisis. Brazil’s already in great trouble with the strength of the dollar; I dread to think what’s happening in South Africa; then there’s Malaysia. We’re

The post Pettifor warns of GFC 2.0 approach appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Read more Views: 337
MacroBusiness Tuesday, March 31, 2015 - 04:16 Source

The rampaging bull market in Australian bonds stampedes on. The 2 year yield fell to another record low last night at 1.71% (before selling a little):   The curve continues to steepen as the long end has not yet fathomed the depths of Australian stagnation:   There were no new lows for the Australia/US spreads

The post New record lows for Aussie bond yields appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Read more Views: 302
MacroBusiness Tuesday, March 31, 2015 - 01:15 Source

Here are the iron ore charts for March 30, 2015:         And there you have it. Qingdao spot caned to a new low and Tianjin benchmark crushed 2.2% to $52.90. 12 month swaps trashed into the 48s. 6 month futures hit too but since the close have fallen another 3% to 403.

The post Daily iron ore price update (bottomless pit) appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Read more Views: 378
MacroBusiness Tuesday, March 31, 2015 - 01:12 Source

Lots of detail from Chris Weston on the Chinese stock rocket:

The post Drivers of the Chinese stock rocket appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Read more Views: 285
MacroBusiness Tuesday, March 31, 2015 - 01:10 Source

The People’s Bank of China (PBOC) has cut mortgage rates again overnight from Dad’s Army: …the minimum deposit for individuals buying additional housing would be set at 40 per cent, according to a statement on its website. The level was previously 60 to 70 per cent, China’s official Xinhua news agency said. The PBoC said

The post Markets yawn as China cuts mortgage rates appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Read more Views: 332
MacroBusiness Tuesday, March 31, 2015 - 01:01 Source

Global Macro / Markets / Investing: The Glory Days of Private Equity Are Over - Wall Street Journal How DIY Bond Traders Displaced Wall Street’s Hot Shots – Bloomberg Jeremy Siegel: Why I’m feeling much better about stocks – CNBC The Monetarist Mistake – Project Syndicate Demographics and GDP: 2% is the new 4% –

The post Links 31 March 2015 appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Read more Views: 330
Tuesday, March 31, 2015 - 00:16 Source

This was one Liberal member of the NSW Upper House on election night.....

Read more Views: 459
Tuesday, March 31, 2015 - 00:15 Source

The West Australian 23 March 2015:One of the nation's senior barristers, Julian Burnside, has started a campaign to convince the International Criminal Court to investigate Prime Minister Tony Abbott and former immigration minister Scott Morrison for crimes against humanity committed on refugees in offshore detention centres.Mr Burnside, a Melbourne QC, told a Perth audience at the weekend he was trying to recruit high-profile international lawyers, including Amal Clooney, to conduct the investigation."If we got Tony Abbott, Scott Morrison and a couple

Read more Views: 535
The Tally Room Monday, March 30, 2015 - 23:30 Source

I’ll be posting a ‘late counting’ summary post at the end of each day.

At the moment there are five seats which are worth tracking. Three are close races between Labor and Liberal: East Hills in southern Sydney, and Gosford and the Entrance on the central coast. The other two are National/Greens races in northern NSW: Lismore and Ballina.

Unfortunately this has taken me a while to work on, so at this point I’ve only produced analysis for East Hills, Gosford and Lismore, and will add in The Entrance and Ballina tomorrow morning and include them in future analyses.

Read more Views: 682
Things Bogans Like Monday, March 30, 2015 - 22:46 Source

The bogan is a leading authority in many fields. If this is difficult to believe, please refer to the bogan’s job title of Executive Consultant Account Coordination Manager. See, authority. In fact by the time this article is published, the bogan will likely have floated listlessly on the currents of job title inflation to have been meaninglessly ordained Lead Executive Consultant Account Coordination Manager. More-thority!

Read more Views: 1,983
Things Bogans Like Monday, March 30, 2015 - 22:46 Source

The bogan is a leading authority in many fields. If this is difficult to believe, please refer to the bogan’s job title of Executive Consultant Account Coordination Manager. See, authority. In fact by the time this article is published, the bogan will likely have floated listlessly on the currents of job title inflation to have been meaninglessly ordained Lead Executive Consultant Account Coordination Manager. More-thority!

Read more Views: 1,451
Antony Green's Election Blog Monday, March 30, 2015 - 18:51 Source

An update on the count in Ballina and Lismore.

Read more Views: 734
The Australian Independent Media Network Monday, March 30, 2015 - 17:03 Source

There is justifiable concern that depression and those suffering from it will be increasingly stigmatised as a consequence of the recent ‘French Alps’ plane tragedy, or more specifically, because of the man who caused it. Jennifer Wilson reports.

Andreas Lubitz, the co-pilot believed to have deliberately guided Flight 4U9525 into the French Alps killing all 150 people on board was reportedly suffering from depression, and possibly taking anti-depressants to treat his illness.

Read more Views: 713

Pages