Blogotariat

Oz Blog News Commentary
Wednesday, April 29, 2015 - 23:27 Source

IDN36501Australian Government Bureau of Meteorology New South WalesFLOOD WATCH FOR THE NEW SOUTH WALES COASTAL VALLEYS FROM THE QUEENSLAND BORDER TO TAREE FOR THIS FRIDAY AND SATURDAYIssued at 11:52 am EST on Wednesday 29 April 2015##Note: This Flood Watch is a "heads up" for possible future flooding along all rivers and creeks within a nominated valley and is NOT a Flood Warning [see note below].Onshore winds and rain will increase as a trough deepens off the northern NSW coast on Thursday and Friday.

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Wednesday, April 29, 2015 - 19:39 Source

At no point did Abbott and Bishop offer to send back twenty people smugglers in return for Chan and Sukumaran.

That’s how much they cared.

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The Australian Independent Media Network Wednesday, April 29, 2015 - 18:27 Source


Twitt

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Cheeseburger Gothic Wednesday, April 29, 2015 - 16:20 Source

My US publisher sent me a nice review of Ascendance from Publishers Weekly on the Day of the Dave in the northern lands. Made me wish I was in-country for the launch. With Season 1 wrapping up here, it also put me in mind of the original idea I had for this series, which was a long way removed from what you eventually read.

In my Evernote app there is a research file named Technology vs Magic, which is much closer to my earlier intent than the US and UK series title: Dave VS the Monsters.

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MacroBusiness Wednesday, April 29, 2015 - 16:06 Source

Chris Weston, Chief Market Strategist at IG Markets We seem to be in strange place in global markets, although the bulls still very much have the upper hand. We saw a bearish reversal on Monday and after trading through Monday’s low of 2,107 yesterday to 2,094, we saw good buying coming back in and the

The post ASX at the close appeared first on MacroBusiness.

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MacroBusiness Wednesday, April 29, 2015 - 15:50 Source

From Fairfax: Sackings have taken place at Fortescue Metals Group, as the troubled iron ore producer begins shedding jobs to cut costs. Workers were woken at FMG’s Cloudbreak mine in the Pilbara at 3am on Wednesday and told to pack their bags, while truck drivers who had just flown to site from Perth were told to return home

The post Fortescue sacks workers appeared first on MacroBusiness.

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Wednesday, April 29, 2015 - 15:46 Source

The brutal determination of Joko Widodo to kill two Australian citizens comes as no surprise to West Papuan independence activists, who say they share Australia's pain.

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Renew Economy Wednesday, April 29, 2015 - 15:13 Source

Ahead of its super-hyped announcement on battery storage this week, Tesla invited journalists to bring their own EV. They'll supply the charge.

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Wednesday, April 29, 2015 - 14:56 Source

The vigil is over. The calls for clemency and mercy were dismissed. Andrew Chan and Myuran Sukumaran were executed by firing squad at 3.25 am…

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Renew Economy Wednesday, April 29, 2015 - 14:46 Source

Phase one of a 4MW floating solar array being developed at a waste-water plant in South Australia has been launched – an Australian first.

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MacroBusiness Wednesday, April 29, 2015 - 14:39 Source

By Leith van Onselen The Australian Bureau of Statistics (ABS) today released its cost of living indices for the March quarter, which revealed zero cost pressures for the typical Australian worker, with pensioners and those on welfare fairing less favourably (see below table). According to the ABS, the cost of living for households headed by

The post Cost of living eases on lower petrol costs appeared first on MacroBusiness.

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MacroBusiness Wednesday, April 29, 2015 - 14:20 Source

Cross-posted from The Conversation: ­ The interim Senate report into the performance and management of electricity network companies has rightly identified over-investment as a key reason for the increase in electricity prices. But in choosing to focus on the most difficult and complicated area for regulators and governments to grapple with – what the efficient

The post An end to electricity network gold-plating appeared first on MacroBusiness.

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Renew Economy Wednesday, April 29, 2015 - 14:12 Source

Many consumers look to solar only for self-consumption or a means to go off-grid. But new report says "shared solar" will bring solar PV to 100% of homes and businesses, including renters, high rise apartments and offices. It just needs a change of rules.

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Renew Economy Wednesday, April 29, 2015 - 13:49 Source

A German pilot plant owned by car maker Audi has produced its first batch of e-diesel: a carbon neutral fuel made from carbon dioxide and water.

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MacroBusiness Wednesday, April 29, 2015 - 13:43 Source

From the Kouk: Over recent months, the RBA has been consistently suggesting the Aussie dollar has been overvalued, noting earlier this month that “further depreciation seems likely, particularly given the significant declines in key commodity prices”. No doubt part of The RBA ‘overvaluation’ analysis was underpinned by below trend economic growth and a general tendency

The post Kouk: Rates, bond yields, dollar at bottom appeared first on MacroBusiness.

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Renew Economy Wednesday, April 29, 2015 - 13:34 Source

Report finds diesel subsidies for Australia's biggest coal miners costs budget $360m a year, simple reform to scheme could save $15bn over four years.

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Renew Economy Wednesday, April 29, 2015 - 13:32 Source

Li-ion battery industry on tenterhooks ahead of Tesla Motors’ big energy storage announcement April 30. Meanwhile, policy sets the tone for wind.

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MacroBusiness Wednesday, April 29, 2015 - 13:19 Source

By Leith van Onselen Peter Costello’s hypocrisy has turned nuclear, today lecturing politicians to stop meddling with superannuation. From The AFR: “Increasing taxes on superannuation, which is a long term savings vehicle, usually involves taking now at a cost to be borne sometime in the future”… “Governments are interested in the here and now –

The post Costello hypocrisy turns nuclear appeared first on MacroBusiness.

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MacroBusiness Wednesday, April 29, 2015 - 13:06 Source

As if we don’t have enough already, from HSBC: Australia is the second most desired destination for retirees globally due to its relaxed lifestyle, weather and culture. Local retirees, however, are struggling to realise their retirement hopes and aspirations, according to HSBC’s Future of Retirement report. HSBC’s Future of Retirement report surveyed 16,000 people in

The post Global grey army targets Australia appeared first on MacroBusiness.

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MacroBusiness Wednesday, April 29, 2015 - 12:55 Source

By Leith van Onselen According to a new story at Fairfax, the total values of negative gearing losses claimed in 2012-13 fell some 31% from the previous financial year, courtesy of a sharp decline in mortgage rates from 6.15% to 5.35% over that period. The ATO has obviously provided Fairfax with early access to its Tax

The post ATO: Negative gearing losses fall in 2012/13 (but not for long) appeared first on MacroBusiness.

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MacroBusiness Wednesday, April 29, 2015 - 12:47 Source

The big iron short squeeze is over. BHP is down half percent, RIO is down 1% and FMG is down 6% (after another 5% yesterday afternoon). To the indexes: The idiocy spreads are closing now largely on the back of the iron ore price rise, except for FMG which has outpaced it: Juniors are rolling

The post Big iron rocket flames out (updated) appeared first on MacroBusiness.

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Wednesday, April 29, 2015 - 12:43 Source

Today saw the launch of the #ChoosingWisely campaign in Australia which aims to encourage conversations between health professionals and patients about tests, treatments and procedures that may provide little or no value, and which may cause harm....

Read more on the blog...

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MacroBusiness Wednesday, April 29, 2015 - 12:30 Source

From Sky, Andrew Forrest whips Alan Jones into a backwards frenzy: I don’t remember Mr Forrest defending everyday Australian’s ownership of iron ore when he led the rebellion against the RSPT. Our Andrew has the common touch all right but Mr Jones needs a lesson in commodity economics. Owing to the benefits of scale and

The post Twiggy bamboozles Alan Jones on cartel appeared first on MacroBusiness.

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Wednesday, April 29, 2015 - 12:28 Source

This morning, Australian anger is focussed on Indonesia. The Australian Government must be breathing a sigh of relief.

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MacroBusiness Wednesday, April 29, 2015 - 12:20 Source

By Leith van Onselen From Fairfax comes news that the Australian Prudential Regulatory Authority (APRA) will act “sooner rather than later” and lift bank capital requirements: At The Australian Financial Review Banking & Wealth Summit in Sydney on Wednesday morning, Mr Byres said the inquiry chaired by David Murray and reforms being pushed by the

The post APRA can’t act soon enough on bank capital appeared first on MacroBusiness.

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Wednesday, April 29, 2015 - 11:59 Source

A large number of Australians have expressed support for capital punishment for drug smugglers. A look at our broader views reveals a deep inconsistency.

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MacroBusiness Wednesday, April 29, 2015 - 11:57 Source

From Westpac: The absolute level of the Westpac MNI China CSI indicates that Chinese consumers are still anxious about their personal financial wellbeing and the economy more broadly. The post Lunar New Year rate cut has clearly faded from the minds of consumers already, just as the November 2014 cut failed to inspire anything more than a

The post China consumer confidence tanks anew appeared first on MacroBusiness.

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MacroBusiness Wednesday, April 29, 2015 - 11:32 Source

By Leith van Onselen As reported on ABC’s 7.30 Report last night, the Abbott Government yesterday announced that it would trial subsidies for shift workers, like nurses and police officers, as well as families living in regional areas. According to the report, the trial would run for two years beginning in January and would subsidise

The post Coalition’s nanny trial good policy appeared first on MacroBusiness.

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Renew Economy Wednesday, April 29, 2015 - 10:44 Source

In its dim Q1 report, Peabody Energy predicts US domestic coal demand will fall by up to 100m tonnes in 2015 – double the forecast of the EIA.

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Popular Science Wednesday, April 29, 2015 - 10:43 Source

A DF-16 TEL vehicle travels on the highway (like most other countries, Chinese military vehicles regularly use highways alongside civilian traffic), likely to the parade preparation ground to rehearse for the 70th anniversary of VJ Day in Beijing.

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