Blogotariat

Oz Blog News Commentary
George Monbiot Wednesday, June 10, 2015 - 03:30 Source

Surrender your freedom, avoid daylight, live to work, and you too could join a toxic, paranoid elite.

By George Monbiot, published in the Guardian 10th June 2015

Perhaps because the alternative is hideous to contemplate, we persuade ourselves that those who wield power know what they are doing. The belief in a guiding intelligence is hard to shake.

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MacroBusiness Wednesday, June 10, 2015 - 00:05 Source

The Brent oil price took off last night for no reason at all, up 3% to $64.61. The big news of the night was new EIA forecasts: Raises 2015 US crude output forecast by 2.6% to 9.43m barrels per day Lowers 2016 price forecasts for WTI and Brent by about $3.50 Raises 2015 WTI forecast to

The post Daily LNG price update (poltergeist) appeared first on MacroBusiness.

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MacroBusiness Wednesday, June 10, 2015 - 00:05 Source

Here are the iron ore charts for June 5, 2015: Little change, then. Spot is becalmed but has a very bullish looking inverted head and shoulders chart. Tianjin benchmark was up 10 cents to $63.90. Singapore is serene. Dalian is going nowhere but also has a bullish ascending triangle chart and finished up 2 points overnight.

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

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MacroBusiness Wednesday, June 10, 2015 - 00:02 Source

This time it’s different. And cross-posted from Investing in Chinese Stocks is more. Asia Investor: Managers Divided Over MSCI A-Shares Prospects On Wednesday, June 10 at 5 AM HK time and Tuesday, June 9 at 5PM NY time, MSCI will announce whether A-shares will be added to the indexes. Financial Review: The man who holds the key to

The post Slack-jawed Chinese farmers go long stocks appeared first on MacroBusiness.

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MacroBusiness Wednesday, June 10, 2015 - 00:01 Source

Global Macro / Markets / Investing: The Alleged Flash-Trading Mastermind Lived With His Parents and Couldn’t Drive – Bloomberg Bond-Market Volatility Triggers Alarms – Wall Street Journal North America: The FOMC, the Board of Governors, and Fed interest rate policy – Brookings Here come American babies … – Business Insider How cheap is Hillary Clinton’s

The post Links 10 June 2015 appeared first on MacroBusiness.

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The Australian Independent Media Network Tuesday, June 9, 2015 - 23:23 Source

In less than a week we will celebrate the 800th anniversary of the Magna Carta – a 13th century document which is widely recognised as the bedrock of our democracy.

“It was a bunch of barons saying to the king, you can’t just do what you like, there is a rule of law and we would like you to abide by it, and we want it in writing. And it is fundamental to the rule of law that we have in this country today, that is still being debated,” said Libby Stewart, senior historian at the Museum of Australian Democracy.

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The Australian Independent Media Network Tuesday, June 9, 2015 - 21:37 Source

Social media went into meltdown with the news that popular entrepreneur Dick Smith is considering standing as a candidate in Tony Abbott’s Warringah electorate at the next federal election.

The excitement, of course, was that person to person Dick Smith could in all likelihood take the seat. It’s a delicious thought and one widely shared. For many (judging by the comments on Facebook and Twitter) the news provided a glimmer of sunshine in what had been a gloomy political week.

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MacroBusiness Tuesday, June 9, 2015 - 18:23 Source

With all the twists, turns and undercurrents in the global capital markets, I think this week could hold some important clues on how the land lies and the future direction for markets. We know the Federal Reserve is data dependant, but so too are markets and it seems (in developed markets at least) that we

The post ASX at the close appeared first on MacroBusiness.

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The Australian Independent Media Network Tuesday, June 9, 2015 - 17:51 Source

“Isn’t it rich?
Are we a pair?
Me here at last on the ground,
You in mid-air.
Send in the clowns.”
Steven Sondheim 

A week or so ago, people were told that they shouldn’t be too fussy with Scott Morrison echoing Tony Abbott’s remarks of a year ago. Apparently, you shouldn’t hold out for your “dream job” and you should take anything that’s available.

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Tuesday, June 9, 2015 - 15:22 Source

The Castle's Darryl Kerrigan put it best when he said ‘People have got to stop taking other people’s land’. Hundreds of residents in the inner west of Sydney know how he feels. Wendy Bacon reports.

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Tuesday, June 9, 2015 - 15:14 Source

As in immigration and the arts, ministerial control over the health budget looks set to greatly increase. Part one of a special look at health policy, by Ben Eltham.

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Renew Economy Tuesday, June 9, 2015 - 14:59 Source

What if you could grow biofuels on land nobody wants, using just seawater and sunlight, and produce food at the same time?

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Renew Economy Tuesday, June 9, 2015 - 14:59 Source

NSW motor-sport precinct that aims to host electric vehicle racing events plans to go-offgrid, using solar and battery storage.

Read more Views: 441
Renew Economy Tuesday, June 9, 2015 - 14:58 Source

Northern baseload coal generator suddenly shut down after incident on Sunday, leaving wind energy to carry bulk of load. The energy system barely blinked.

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Renew Economy Tuesday, June 9, 2015 - 14:58 Source

AGL's Nyngan solar PV plant – Australia's largest – has achieved full generation, sending 102MW to the grid, and is expected to fully operational in July.

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Renew Economy Tuesday, June 9, 2015 - 14:56 Source

Tesla announcement has already forced battery storage pricing in Australia to come down by one third, with further rapid falls to follow.

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Renew Economy Tuesday, June 9, 2015 - 14:55 Source

Rise in commercial solar and new push by big utilities could drive rebound in rooftop solar installations, with 250,000 new customers adding solar each year.

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Tuesday, June 9, 2015 - 14:38 Source

An Australian activist has been refused entry into India, in the latest crackdown on one of the world’s foremost environmental bodies. Thom Mitchell reports.

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Renew Economy Tuesday, June 9, 2015 - 14:21 Source

CEFC-backed $120m loan program to be offered through NAB to help Australian businesses switch to solar, EVs, energy efficient technologies.

Read more Views: 403
Tuesday, June 9, 2015 - 14:17 Source

Many thanks to PHAIWA and Melissa Stoneham for the latest Journal Watch article. Melissa Stoneham writes: I am an advocate for immunisation. I always have been and always will be. However, there was one short article featured in The Lancet during...

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Tuesday, June 9, 2015 - 14:13 Source

Dr Brendan Nelson has provided a novel - and thoroughly unconvincing - argument against acknowleding the Frontier Wars in our official memorial. Amy McQuire reports.

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MacroBusiness Tuesday, June 9, 2015 - 14:02 Source

From Barclays on the Silk Road (One Belt, One Road or Yi Dai Yi Lu): We estimate that YDYL projects would absorb some of the overcapacity in Chinese industries such as cement, steel and aluminium, even under conservative assumptions. If we envisage a scenario assuming that roads, railway, power generation and power distribution assets grow

The post More on the Silk Road boom appeared first on MacroBusiness.

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Renew Economy Tuesday, June 9, 2015 - 13:22 Source

G7 pledge to phase out fossil fuels, boost renewables once again finds Australia's pro coal Abbott government on the wrong side of history – and economics.

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Cheeseburger Gothic Tuesday, June 9, 2015 - 13:15 Source

I asked Twitter to give me one song they put on a playlist if that playlist was only one song long.

Here is that list. It'll take hours to add to Rdio or Spotify but I'll do it as a side project over the next few weeks.

#1SongPlaylist

Read more Views: 597
Tuesday, June 9, 2015 - 13:06 Source

In yet more explosive testimony, a senate committee has heard staff were directed not to provide evidence to the Human Rights Commission. Max Chalmers reports.

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Tuesday, June 9, 2015 - 13:03 Source

Some things should be seen and not heard. And some things should not even be seen. Mathew Kenneally has a plan. 

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MacroBusiness Tuesday, June 9, 2015 - 12:59 Source

By Leith van Onselen Treasurer Joe Hockey really is a clown, today refuting the claim that Sydney housing is unaffordable with the following gem: “If housing was unaffordable in Sydney nobody would be buying it”… “The starting point for first home buyers is to get a good job that pays good money”. Bozo Joe clearly does

The post Joe the clown pimps the bubble appeared first on MacroBusiness.

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MacroBusiness Tuesday, June 9, 2015 - 12:55 Source

Just to make things interesting, the May NAB business survey is out today and amid general dross shows some green shoots: The recent Federal Budget and interest rate cut appears to have had a positive impact on business confidence – which moved up significantly in May – from +3 to +7 index points. This is

The post NAB survey gets Budget lift appeared first on MacroBusiness.

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Tuesday, June 9, 2015 - 12:55 Source

Sarah Ferguson’s documentary study covering Labor’s rise to power and swift fall from grace, The Killing Season, screens tonight on the ABC. Self-serving…

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MacroBusiness Tuesday, June 9, 2015 - 12:30 Source

Big iron is all over the shop today with BHP flat, RIO down a bit and FMG on the march as all celebrate more crap China data. To the indexes: Idiocy spreads are flattish:   Juniors are stalled and BCI is now down 31% since being labeled a “sitting duck” right here: Dalian is also

The post Iron ore miners mixed as futures firm appeared first on MacroBusiness.

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