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Oz Blog News Commentary
MacroBusiness Monday, June 18, 2018 - 11:00 Source

Via Domainfax: Opposition Leader Bill Shorten has warned that the Liberal Party would be “emboldened” by an election victory to sell the ABC, seizing on a Liberal policy vote on the weekend as a key issue at the federal byelections on July 28. The move came after cabinet ministers poured cold water on the idea

The post Sir Robert Menzies on whether we should sell the ABC appeared first on MacroBusiness.

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MacroBusiness Monday, June 18, 2018 - 10:30 Source

Via The Guardian: Germany’s interior minister, Horst Seehofer, has signalled he is open to giving Angela Merkel more time to reach a deal with Germany’s EU partners over an asylum row that has threatened to bring down her government. As the German chancellor met leaders of her Christian Democratic Union (CDU) on Sunday in an

The post Euro shocks roll on as EU does Tampa appeared first on MacroBusiness.

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MacroBusiness Monday, June 18, 2018 - 10:00 Source

Via the AFR: One Nation has declared it is not going to be a “lapdog” for the Turnbull government, sending an ominous warning as senior ministers concentrate their lobbying on Pauline Hanson to back its income and company tax cut packages during a frantic final fortnight of Parliament before the winter break and super Saturday

The post Coalition edges towards tax disaster appeared first on MacroBusiness.

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xkcd.com Monday, June 18, 2018 - 10:00 Source

Can you stop glaring at me like that? It makes me feel really ironic.

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MacroBusiness Monday, June 18, 2018 - 09:30 Source

The grey beards are in a near-panicked meltdown. Paul Kelly: The world has changed. Donald Trump and Kim Jong-un have substituted a diplomatic contest for military threats. Immediate signs suggest three winners: Trump, whose standing at home will rise after such narcissistic deal-making; Kim, whose tactical cunning has generated more options for North Korea; and

The post Does Australia need The Bomb under Trump? appeared first on MacroBusiness.

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Harrangue Man Monday, June 18, 2018 - 09:21 Source

The BYB is cactus. It turned out the bike was experimental in that additional gears and electric assist were fitted to a one gear bike. It was a first time build of that frame as well.

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MacroBusiness Monday, June 18, 2018 - 09:15 Source

Labor has a big problem, via Domainfax: Former Victorian premier John Brumby says diplomatic tensions between Canberra and Beijing need to be resolved or the Australian economy could face long-term damage, warning there is a particular danger of isolation if the United States and China ultimately settle their own economic and strategic differences. …”I think

The post Another Labor grey beard rides the China gravy train appeared first on MacroBusiness.

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MacroBusiness Monday, June 18, 2018 - 09:00 Source

There is no end to it. Via The Australian: Oil giant ExxonMobil is considering a Victorian LNG import plant to replace rapidly declining Bass Strait gasfields, in a move that could draw in BHP to help build a floating terminal at less than half the cost of rival east coast gas import plans by AGL

The post “Ludicrous” east coast gas lunacy triples appeared first on MacroBusiness.

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Monday, June 18, 2018 - 08:13 Source

First and second generation migrants and refugees have been documenting their journeys and their impressions of Australia for decades, often self-publishing their stories in their first languages or in English. In the 1980s and 90s, a small number of these accounts made it into bookshops, particularly multiculturalism came along with its embrace of the “ethnic writer,” who became important evidence of the success of Australian diversity. They told a different, more complex story from the conventional narrative of Australian migration as a journey of successful assimilation.

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MacroBusiness Monday, June 18, 2018 - 08:13 Source

By Chris Becker  Another interesting week on risk markets capped by a solid selloff in commodities on Friday night as the USD regained its strength. The international trade war is heating up, with the ECB somewhat ahead of the curve with its shock announcement of a defnitive hold in interest rate appreciation for at least

The post Macro Morning (Trading Week) appeared first on MacroBusiness.

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MacroBusiness Monday, June 18, 2018 - 04:32 Source

Via The Australian: Popular support for Malcolm Turnbull has hit its highest level since the last election but the Prime Minster has failed to lift support for the government, which continues to trail Labor with five critical by-elections looming. The results come as One Nation suffered a significant hit in the wake of the public

The post Turnbull sails through Newspoll loss 34 appeared first on MacroBusiness.

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MacroBusiness Monday, June 18, 2018 - 00:25 Source

Friday night saw a little gain for EUR and stable DXY: The hilarious EUR long remains massive: But AUD was smashed against developed markets (DMs). It closed at new lows versus USD: Here’s a closer look at AUD/USD: AUD CFTC positioning shifted less bearish at -15k contracts: AUD was also weaker than most emerging market

The post Australian dollar hits new lows as commodities break appeared first on MacroBusiness.

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MacroBusiness Monday, June 18, 2018 - 00:24 Source

Via Bloomberg: A Sydney-based fund manager that profited from the selloff in Turkey’s bonds and currency last month now expects a slump closer to home, as a stronger greenback weighs on the Australian dollar. The Aussie may fall more than 10 per cent to the “mid-60s” US cents in 12 months, said Vimal Gor, head

The post Vimal Gor: Australian dollar headed for “mid-60s” appeared first on MacroBusiness.

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MacroBusiness Monday, June 18, 2018 - 00:21 Source

Ghettoisation of Australian cities is the plan. It’s quantitative peopling and it’s going swimmingly right across the Sydney’s and Melbourne’s west at astonishing speed. Via The Australian: Demographic shifts driven by Australia’s immigration program threaten to lock Sydney’s western suburbs and parts of Melbourne into a bleak future, as low-income ethnic clusters struggle to cope

The post Ghettoisation of Australian cities IS THE PLAN appeared first on MacroBusiness.

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MacroBusiness Monday, June 18, 2018 - 00:17 Source

Via CoreLogic: Auction volumes more than doubled week-on-week across the combined capital cities Auction volumes increased significantly over the week with 1,991 homes taken to auction across the combined capital cities, up from just 904 last week when auction volumes were lower due to the Queen’s Birthday long weekend. The preliminary clearance rate was recorded

The post Auction clearances remain weak appeared first on MacroBusiness.

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MacroBusiness Monday, June 18, 2018 - 00:15 Source

Via Westpac: Dynamics of the labour market continue to surprise us Total employment rose 12.0k in May but even though this is below what is considered to be a trend gain in the labour force, the unemployment rate dipped to 5.4% from 5.6%, a significant two percentage point drop in one month (5.40% from 5.60%

The post Inside the female labour boom appeared first on MacroBusiness.

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MacroBusiness Monday, June 18, 2018 - 00:11 Source

Just in case you missed it. Via the ABC: To understand the deep institutional anxiety about Huawei among Australia’s closest security partners, you have to understand the British experience with the Chinese telecommunications giant. It’s not an episode that’s much advertised, deliberately so. But it’s an episode that is held against Huawei when it comes

The post Why Huawei is banned appeared first on MacroBusiness.

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MacroBusiness Monday, June 18, 2018 - 00:10 Source

Via Domainfax: States and territories that slash greenhouse gas emissions will likely do the heavy lifting while others would be allowed to do less under the Turnbull government’s update of its signature energy plan. Energy analysts raised concerns about the latest updated National Energy Guarantee, with one describing it as a “Frankenstein’s monster” rather than

The post NEG destroys Australia’s Paris carbon targets appeared first on MacroBusiness.

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MacroBusiness Monday, June 18, 2018 - 00:05 Source

Iron ore prices for June 15, 2018: Prices have not updated today. Tianjin benchmark is at $66. I expect to see weakness when Dalian opens given the news flow on tariffs. In news, slow moving disputes herald more supply ahead. Samarco is plodding forward: After a year of back and forth, the owners of the idle

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

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MacroBusiness Monday, June 18, 2018 - 00:01 Source

Global Macro / Markets / Investing: Russia dumps half of its US Treasury bonds – RT Citibank fined $100 million for interest rate manipulation – CNN China announces retaliatory tariffs on $34 billion worth of US goods, including agriculture products – CNBC   Americas: US separates 2,000 children in six weeks – BBC (taking a leaf out of Australia’s

The post Links 18 June 2018 appeared first on MacroBusiness.

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Poll Bludger Sunday, June 17, 2018 - 22:11 Source

Newspoll returns after three weeks to find the situation all but totally unchanged.

The post Newspoll: 52-48 to Labor appeared first on The Poll Bludger.

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The Australian Independent Media Network Sunday, June 17, 2018 - 21:30 Source

“A new story, a new beginning, one of peace. Two men, two leaders, one destiny. A story in a special moment in time. When a man is presented with one chance that may never be repeated, what will he choose?” High-tech-sci-fi labs, fast trains and a slam-dunking basketballer flit across the screen as a bizarre,…

The post Can Trump’s Singapore Summit farce alert us to the need to protect our own democracy? appeared first on The AIM Network.

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The Australian Independent Media Network Sunday, June 17, 2018 - 19:01 Source

Concetta Fierravanti-Wells has written an essay in which she acknowledges that Muslims in Australia face prejudice, and that instilling fear and hatred is an easy, but unhelpful, course of action. She references Robert Menzies who argued that the cultivation of the spirit of hatred against the Japanese was not a proper instrument of war policy.…

The post They know it is wrong but, if it works, who cares? appeared first on The AIM Network.

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John Quiggin Sunday, June 17, 2018 - 16:35 Source

I’ve kept out of the latest silly culture war so far, but I couldn’t resist this from Josh Frydenberg. After decrying a “long march to the left” in Australian universities, he says

It is absolutely critical that the next generation of students understand about where the rule of law came from, where democracy came from, freedom of speech, freedom of religion, women’s suffrage

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Poll Bludger Sunday, June 17, 2018 - 15:58 Source

A week out from the McGowan government's first electoral test in Western Australia, a new poll suggests Labor will do rather a lot better than they might have feared.

The post ReachTEL: 54-46 to Labor in Darling Range appeared first on The Poll Bludger.

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The Australian Independent Media Network Sunday, June 17, 2018 - 11:08 Source

While I’m sure that there’s a lot of anti-vaxers chomping at the bit to read what I have to say, I thought that I’d start with the Treasurer: That’s right! He’s used “it’s” when he should have used “its”. But that’s not what I’m writing about today. As I said when Donald Trump wrote “there”…

The post Vaccines Cause Climate Change And Other Logical Conclusions! appeared first on The AIM Network.

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The Australian Independent Media Network Sunday, June 17, 2018 - 10:30 Source

By Loz Lawrey I’ve been resisting the urge to write yet another “rant” because … geez, who wants to hear more whingeing? Another complaint, another letter to the paper from yet another grumpy old man who thinks the world’s going to hell in a handbasket? Yet I awoke today to read that the Liberal Party…

The post Killing The ABC: The IPA’s Agenda To Dismantle Australia appeared first on The AIM Network.

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The Australian Independent Media Network Sunday, June 17, 2018 - 09:28 Source

ABC : Good morning PM can we start by asking if you will take your corporate tax cuts to the next election so that the Australian people can give you a mandate for what you now call your signature policy ? PM: No way Jose. We are committed to getting these tax cuts through before…

The post ABC Interview Prime Minister Malcolm Turnbull appeared first on The AIM Network.

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John Quiggin Saturday, June 16, 2018 - 15:40 Source

Thanks to everyone who commented on the first eleven chapters of my book-in-progress, <em>Economics in Two Lessons</em>.

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The Australian Independent Media Network Saturday, June 16, 2018 - 12:00 Source

We came across a skeleton of a building bristling with warnings: Asbestos, Stay Out; Danger, Do Not Enter. The sense was that entering this site of history in Townsville, North Queensland, would kill you. And damn well it would have, sending you keeling over in fumes, damning you even if, on entering, you had hoped…

The post Embers and Death at the Victoria Park Hotel: The Anguish for Lost Buildings appeared first on The AIM Network.

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