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Oz Blog News Commentary
The Australian Independent Media Network Wednesday, September 23, 2020 - 10:57 Source

When Rupert Murdoch decided to shut down 112 regional newspapers around Australia he did it in the typical Murdoch fashion. He was not satisfied with the returns from these regional mastheads so rather than sell them off to people who weren’t so concerned about a bottom line but who had a passion for journalism and…

The post On your bike, Roop! appeared first on The AIM Network.

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MacroBusiness Wednesday, September 23, 2020 - 10:40 Source

Evans & Partners’ Matthew Wilson is particularly critical of allowing banks to treat frozen loans as performing until 31 March 2021. Wilson claims the decision to “amend, extend and pretend” is not just delaying the inevitable but also making the eventual hangover worse. He also believes repayment holidays have contributed the phenomenon of “ghosting”, whereby

The post Mortgage holidays will leave nasty hangover appeared first on MacroBusiness.

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The Australian Independent Media Network Wednesday, September 23, 2020 - 10:00 Source

By William Olson   Last month, former Australian Prime Minister Tony Abbott – in what can be best described as a sly move on the international front politically, even to the most astute of observers – cut a deal with the government of the United Kingdom to become its new international trade advisor. And while the…

The post Internationally, unions fearful of Abbott’s past trade reputation appeared first on The AIM Network.

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MacroBusiness Wednesday, September 23, 2020 - 10:00 Source

MB has frequently questioned the odious links between international students and university rankings. In a nutshell, a system has been created by the federal government and Australia’s universities to encourage strong growth in full fee paying international students via: The Australian government offering the world’s most generous student visa working rights and opportunities for permanent

The post International student rankings Ponzi scheme implodes appeared first on MacroBusiness.

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xkcd.com Wednesday, September 23, 2020 - 10:00 Source

(c) You can have a scooter when you pay for it yourself, and (d) if you can't learn to start a new thread rather than responding to an old one, you'll be banned. [thread locked by moderator]

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The Tally Room Wednesday, September 23, 2020 - 09:59 Source

Nominations closed yesterday for Victoria’s local government elections. Ballot papers will be sent out by mail in early October, with the votes being counted from October 24.

I’m not across the complexity of who is running so I won’t try and be across the candidates, but what I do now are the ward boundaries.

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MacroBusiness Wednesday, September 23, 2020 - 09:40 Source

Iron ore prices for September 22, 2020: Empty apartment sales have softened: China is struggling big time to lift the consumer as they save their butts off: Which leads only to the conclusion that MOAR empty apartments and MOAR bridges to nowhere are coming. Brazil is slowly doing better with the virus: I still see

The post Daily iron ore price update (China’s struggles) appeared first on MacroBusiness.

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MacroBusiness Wednesday, September 23, 2020 - 09:30 Source

Risk sentiment bounced back overnight following a stumbling start to the week with Wall Street leading the charge but the USD continued to firm against the majors and precious metals. The latest US existing home sales data surprised to the upside, while bond markets remained firm and largely unchanged. Looking at share markets in Asia

The post Macro Morning appeared first on MacroBusiness.

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MacroBusiness Wednesday, September 23, 2020 - 09:20 Source

Via Alan Oster at NAB: The RBA continues to signal further monetary easing is likely. Deputy Governor Debelle in a speech titled The Australian Economy and Monetary Policy, “outline[d] [the] possibilities for further monetary policy action should the Reserve Bank Board decide that is warranted” and concluded that “the [RBA] Board will continue to assess

The post NAB: RBA cut and launch of QE imminent appeared first on MacroBusiness.

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MacroBusiness Wednesday, September 23, 2020 - 09:10 Source

Via Markit (CBA no longer): Latest PMI data indicated a recovery in business activity across Australia at the end of the third quarter after containment measures were loosened in parts of the country. This followed a decline in August. The upturn was driven by a further rise in manufacturing output, while signs of stabilisation were

The post Flash PMI weak again appeared first on MacroBusiness.

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MacroBusiness Wednesday, September 23, 2020 - 09:00 Source

And here it is from fake news journo Alexandra Cain: Adam Guala, 25, doesn’t do things by halves. He’s just emancipated himself from the rental market by buying not one but two properties in Geelong. But he has had a little help. “I’ve always wanted to buy my own place. But it wasn’t until I

The post Attention MediaWatch: Domain straight back into the lies appeared first on MacroBusiness.

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MacroBusiness Wednesday, September 23, 2020 - 07:04 Source

DXY has broken out to the upside: The Australian dollar was clubbed: Gold looks shaky: Oil too: Base metals remain mixed: Miners missed out: EM stocks too: Junk is still screeching: Stocks jumped back above 50DMAs: Westpac has the wrap: Event Wrap US August existing home sales posted a strong gain of +2.4%m/m to 6million (annualised), meeting expectations,

The post Australian dollar clubbed despite risk rebound appeared first on MacroBusiness.

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Renew Economy Wednesday, September 23, 2020 - 06:10 Source

The first big battery to be fitted retrospectively to a large scale renewable energy generator in Australia, and the first to be paired with a solar farm, has provided some valuable insights into how battery storage can position itself in the country’s energy markets, and also identified some of the barriers and hurdles. The Gannawarra...

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MacroBusiness Wednesday, September 23, 2020 - 00:10 Source

Only a decade late, the Lunatic RBA has discovered that unconventional monetary policy will lower the Australian dollar and aid recovery: see chart 7 espeically. Abstract The cash rate is currently at its effective lower bound and the Reserve Bank has put in place a suite of alternative monetary policy tools. This article uses the

The post Lunatic RBA discovers quantitiave easing drops Australian dollar appeared first on MacroBusiness.

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MacroBusiness Wednesday, September 23, 2020 - 00:10 Source

Via China apologist “think tank” China Matters: Plenty of people in this country agree with some or much of what the CPC has done over the past 40 years. They are entitled to express those opinions and to try to influence government. This is normal in a democracy. Members of Chinese communities in Australia often

The post Time to cut Chinese immigration to zero appeared first on MacroBusiness.

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MacroBusiness Wednesday, September 23, 2020 - 00:05 Source

Via ZDNET: The company responsible for the National Broadband Network (NBN) announced on Tuesday it was spending AU$700 million to create 240 “business fibre zones” that will cover 700,000 business premises. Being part of a zone will allow businesses to get a full fibre Enterprise Ethernet connection, as well as reduced rates and connection fees.

The post Coalition pushes patch-up job of NBN it trashed appeared first on MacroBusiness.

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MacroBusiness Wednesday, September 23, 2020 - 00:01 Source

Global Macro / Markets / Investing: 5 Major Banks Exposed for Moving Trillions for Mobsters, Onecoin Ponzi, and Drug Cartels – Bitcoin News In the Covid-19 pandemic, people should be supported, not jobs – Economic Daily Remote working is here to stay – but that doesn’t mean the end of offices or city centres –

The post Links 23 September 2020 appeared first on MacroBusiness.

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The Australian Independent Media Network Tuesday, September 22, 2020 - 20:00 Source

By Dr Tony Matthews   Climate change increasingly threatens communities all over the world. News of fires, floods and coastal erosion devastating lives and livelihoods seems almost constant. The latest fires in Queensland and New South Wales mark the start of the earliest bushfire season the states have ever seen. What happens when climate change causes extreme events…

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The Australian Independent Media Network Tuesday, September 22, 2020 - 19:56 Source

In any other universe, recovering from one public health crisis by worsening another would spark immediate backlash. An “asbestos led recovery” would be career-ending; as would a “tobacco led recovery” or a “AK-47 led recovery”. But fossil fuels have locked their harm so deeply into our lives that we have become desensitised to this incredible,…

The post Stop the lies Morrison. Your gas-led recovery is a toxic sham. appeared first on The AIM Network.

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The Australian Independent Media Network Tuesday, September 22, 2020 - 18:02 Source

For some of my readers I will undoubtedly come across as a snob, because I grew up in the UK at a time when how you spoke, dressed and presented yourself was important – particularly if you were looking for a job. England is, traditionally, much more class conscious than Australia, and, in my youth,…

The post Pedantry and selfishness appeared first on The AIM Network.

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The Australian Independent Media Network Tuesday, September 22, 2020 - 17:57 Source

By Robert Stygall   A new mutant strain of Covid emerged – to be known as Covid-X. This was even more virulent than the first strain, and longer lasting, eventually impacting more than ninety-five per cent of the world’s population. At first, it was believed it was having no side effects but then the strange symptom…

The post Truth be known appeared first on The AIM Network.

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Renew Economy Tuesday, September 22, 2020 - 17:49 Source

Liquefied natural gas lng carrier ship with five tanks - optimised hydrogenExperts say a wave of cheap, renewable energy will wipe away the need for new gas fields, pipelines and power stations. Their arguments make sense.

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Cheeseburger Gothic Tuesday, September 22, 2020 - 17:27 Source

There, I said it. I started watching this weird, funny little comedy on Apple TV+ over the weekend because Ruth Bador Ginsberg died and it was pretty obvious that nothing good was gonna come of that, and I’d just spent a week researching my QAnon essay over at the Sideboob, and God help me I just needed something nice in my life.

I saw a couple of people tweeting about this show, all of them saying it was 'delightful'. There is nothing delightful in the world these days, so I figured what the hell, I'll give it a look.

Oh my God, I love it so.

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MacroBusiness Tuesday, September 22, 2020 - 17:00 Source

The selloffs continue here in Asia following the rout on European markets overnight, with the late fill on Wall Street not extending throughout the risk complex as USD firms. Gold is not holding on any longer, ready to break below the $1900USD per ounce level as it fails to regain above previous support: In mainland

The post Macro Afternoon appeared first on MacroBusiness.

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MacroBusiness Tuesday, September 22, 2020 - 15:30 Source

From CBA’s head of Australian economics, Gareth Aird: RBA Deputy Governor Guy Debelle listed four ‘other’ options to ease monetary policy further: (i) purchase bonds further out on the curve (supplementing the three year yield target); (ii) foreign exchange intervention; (iii) cut the current structure of interest rates in the economy without going negative; and (iv) negative rates. Purchasing

The post RBA Deputy Governor Debelle lists ‘other’ policy options. appeared first on MacroBusiness.

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Renew Economy Tuesday, September 22, 2020 - 15:18 Source

Federal Energy Minister Angus Taylor at the National Press Club. AAP Image/Lukas CochThe Coalition's latest energy policy labelled a 'roadmap to nowhere', after sidelining wind and solar and failing to set a post-2030 emissions target.

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Renew Economy Tuesday, September 22, 2020 - 15:09 Source

Free webinar following Battery Day and Australia's Technology Roadmap to look at policy opportunities for EVs for consumers, technology providers and authorities.

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Renew Economy Tuesday, September 22, 2020 - 15:04 Source

Tesla Giga 2Two more Tesla experts give insight into what Battery Day could bring, with focus on larger, longer battery cells that could lift range and bring down costs.

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MacroBusiness Tuesday, September 22, 2020 - 14:40 Source

Yep, he’s missing the empathy gene. At the ABC: An Australian family stranded in London have expressed frustration their pet dog and cat have already arrived in Sydney while they are still stuck overseas. The Fotheringhams have been in the UK for the past two and a half years and were in the process of

The post ScoMo the Impaler flies pets home as Aussies wait appeared first on MacroBusiness.

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Renew Economy Tuesday, September 22, 2020 - 14:36 Source

acciona solar farm panels queensland-2State-owned CleanCo signs 10-year deal to power more than 90% of Coles' Queensland sites from July 2022 via two of the state's biggest renewable energy projects.

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