Blogotariat

Oz Blog News Commentary
Tuesday, March 31, 2015 - 12:55 Source

Reporting on Australia’s tax system without mentioning a carbon tax or capital gains is like trying to smoke a cigar without fire. Ian McAuley explains.

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Tuesday, March 31, 2015 - 12:52 Source

Shane Warne has spoiled it. We were all set to have a brief moment of national pride but then Warney had to denigrate it by…

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MacroBusiness Tuesday, March 31, 2015 - 12:31 Source

More sudden consensus from Bill Evans: Since the March meeting we have argued that the cash rate is certain to be eased by 0.25% in the April/May “window” while retaining an “April bias”(analysis of RBA’s rate decision following the March meeting.) We are sticking with that April view while recognising that the Bank could easily

The post Bill Evans: RBA to cut in April appeared first on MacroBusiness.

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Renew Economy Tuesday, March 31, 2015 - 11:52 Source

An increasing number of international developers are investing billions in solar projects in the country.

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Renew Economy Tuesday, March 31, 2015 - 11:49 Source

New infographic shows almost all expert projections underestimated the scale and speed of the global shift to solar and wind energy, with one exception.

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Left Focus Tuesday, March 31, 2015 - 10:59 Source

The Abbott Government's 'White Paper' on Tax could see big changes to superannuation and the overall tax mix.  But the Paper seems oriented towards the Government's Ideological preference for 'small government', 'low tax' and 'simple/regressive tax' as opposed to a progressive tax system.

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MacroBusiness Tuesday, March 31, 2015 - 10:34 Source

By Leith van Onselen The CEO of the Australian Chamber of Commerce and Industry (ACCI), Kate Carnell, appeared on ABC’s Lateline last night, where she admitted that it is too easy for wealthy Australians to avoid paying tax due to Australia’s overly generous superannuation concessions and negative gearing: EMMA ALBERICI: Kate Carnell, negative gearing, superannuation

The post ACCI: Too easy for wealthy to avoid tax appeared first on MacroBusiness.

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Popular Science Tuesday, March 31, 2015 - 10:19 Source

Bloodletting, mercury cures, holes drilled in the head—many ancient medical remedies seem ill-advised based on our modern understanding of medicine.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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Tuesday, March 31, 2015 - 00:16 Source

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

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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

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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.

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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: 2,317
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: 1,748
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.

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