Blogotariat

Oz Blog News Commentary
MacroBusiness Tuesday, November 24, 2020 - 11:00 Source

Victoria has recorded a 24th consecutive day with no new COVID-19 cases, and the state now has no active cases for the first time since February. An elderly couple were the last remaining COVID-19 patients from the state’s second wave of infections. The man in his 90s was discharged from Monash Medical Centre on yesterday

The post Victoria eliminates COVID-19 appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Read more Views: 22
MacroBusiness Tuesday, November 24, 2020 - 10:40 Source

Former CEO of Victoria’s Independent Broad-based Anti-Corruption Commission, Alistair Maclean, has been appointed as the new CEO of the Tertiary Education Quality and Standards Agency (TEQSA). Maclean has promised to broaden TEQSA’s regulatory reach, including by setting up a new integrity unit: Maclean… told The Australian Financial Review there were “harder edged” tools at his

The post New higher education regulator must target Chinese influence appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Read more Views: 23
Cheeseburger Gothic Tuesday, November 24, 2020 - 10:35 Source

Read more Views: 41
MacroBusiness Tuesday, November 24, 2020 - 10:20 Source

The RBA has released new analysis on the JobKeeper scheme’s impact on unemployment, which found that JobKeeper reduced Australian’s unemployment by 700,000 over the first four months of the COVID-19 pandemic: We find that one in five employees who received JobKeeper (and, thus, remained employed) would not have remained employed during this period had it

The post RBA: JobKeeper hid 700,000 from unemployment queue appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Read more Views: 23
MacroBusiness Tuesday, November 24, 2020 - 10:00 Source

ANZ-Roy Morgan Aus Consumer Confidence broke an 11-week winning streak to fall 2%, as SA went into a short lockdown. With the lifting of restrictions in Vic and NSW, the impact may be short-lived. #ausecon #ausretail @roymorganonline @DavidPlank12 pic.twitter.com/vlfPuHetvu — ANZ_Research (@ANZ_Research) November 23, 2020

The post ANZ consumer confidence falls appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Read more Views: 20
MacroBusiness Tuesday, November 24, 2020 - 09:40 Source

Citi says so at the AFR: “The RBA’s almost singular focus on the currency will lead to the inevitability of what always happens when rates fall—asset prices go up,” Citi’s Brendan Sproules and Thomas Strong said. “Particularly housing. “Certainly, the AFR’s Banking Summit gave credence to this view, with a broad acknowledgement that housing would

The post Is the Aussie housing market about to “rip” like NZ? appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Read more Views: 26
MacroBusiness Tuesday, November 24, 2020 - 09:30 Source

A surge at the end of Wall Street’s session last night has brought more risk appetite to Asia after yesterday’s mixed start to the week. The appointment of former Fed chairwoman Janet Yellen as the new Treasury head in Biden’s possible administration sent stocks and the USD higher, pushing down all the undollars especially gold.

The post Macro Morning appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Read more Views: 18
MacroBusiness Tuesday, November 24, 2020 - 09:20 Source

Iron ore prices for November 23, 2020: Spot hit. Paper too. Steel has not updated. Empties are still trending lower: The AFR is all guff all of the time: “We’ve seen China’s steel demand comfortably at all-time highs for some months now,” said NAB head of commodities research Lachlan Shaw. “[But] what was missing was

The post Daily iron ore price update (all guff, all the time) appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Read more Views: 25
MacroBusiness Tuesday, November 24, 2020 - 09:00 Source

Recall the process of selection for ScoMo’s dodgy vaccine: Goodness. The Director of Government Affairs at Scott Morrison’s suddenly favourite new drug company AstraZeneca is former federal govt lobbyist Kieran Schneemann. He’s also a former Chief of Staff in the Liberal party. Not that there’s anything wrong with that at all. ▫️ pic.twitter.com/wRIIj4IDIj — RonniSalt

The post ScoMo’s dodgy vaccine turns out dodgy appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Read more Views: 30
MacroBusiness Tuesday, November 24, 2020 - 07:36 Source

DXY firmed a little last night: The Australian dollar sagged: Gold broke support, oil rallied: Metals flamed out: Miners took off: EM stocks tried but failed: Junk was OK: Treasuries were sold: Stocks firmed modestly: Westpac has the wrap: Event Wrap US Markit PMIs rose to multi-year highs, against expectations for a fall. Manufacturing rose to

The post Australian dollar sags as markets plough into pandemic appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Read more Views: 27
Your Democracy Tuesday, November 24, 2020 - 06:30 Source
Read more Views: 30
MacroBusiness Tuesday, November 24, 2020 - 00:10 Source

Via China coal lobbyist and registered agent of foreign influence, Geoff Raby, at the AFR: Also the past week, we have also seen states in East Asia engaging and hedging with China…So the region continues to reshape itself to declining US engagement and China’s rising power. …Just as the Prime Minster was leaving Japan, the

The post China coal lobbyist, Geoff Raby, returns with more CCP talking points appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Read more Views: 36
MacroBusiness Tuesday, November 24, 2020 - 00:10 Source

On Friday, the Australian Bureau of Statistics released services trade data for the 2019-20 Financial Year, which revealed that education exports from China plunged by 14.2%. However, this was almost fully offset by strong growth in education exports from India (+19.2%) and Nepal (+12.6%), with total education exports falling by only 0.7% over the year:

The post Australia reaches deep down international student quality barrel appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Read more Views: 32
MacroBusiness Tuesday, November 24, 2020 - 00:05 Source

The oil and gas lobby is having itself on big time at the AFR: Nationally consistent policy, improved regulation and better tax rules could help unlock billions of dollars in investment in Australia’s oil and gas sector and create thousands of jobs, according to a new report. Industry lobby the Australian Petroleum Production and Exploration

The post Gas lobby dreams turn nightmare! appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Read more Views: 32
MacroBusiness Tuesday, November 24, 2020 - 00:05 Source

The next time you hear a seniors’ group demand an increase in the aged pension and other subsidies, consider the latest Melbourne Institute’s Household, Income and Labour Dynamics in Australia (HILDA) report, which was released last week. This report showed that Australians aged 65-plus enjoyed by far the biggest increase in wealth between 2002 and

The post Retired Australians are creaming it appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Read more Views: 29
MacroBusiness Tuesday, November 24, 2020 - 00:01 Source

Global Macro / Markets / Investing: Four Reasons the Stay-at-Home Economy Is Here to Stay – WSJ “Oh, man. The unwinding of this bubble is going to be painful” – Economics professor warns of total crash the next 12 years – Mazech The World Bank warns The G20 from ignoring the debt problems – Guardian

The post Links 24 November 2020 appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Read more Views: 33
The Australian Independent Media Network Monday, November 23, 2020 - 23:09 Source

Victorian casual workers plying their trade in any of a number of industries and sectors may be entitled to up to five days of sick and carer’s pay in the near future, as the Andrews state government announced on Monday that a pilot program will be launched as a scheme within the 2020-21 state budget.…

The post Casuals due to get relief in Victoria, in lieu of national action appeared first on The AIM Network.

Read more Views: 30
George Monbiot Monday, November 23, 2020 - 21:33 Source

A crucial link in the food chain has been forgotten by the government, exposing us to a potential disaster after the Brexit transition.

By George Monbiot, published in the Guardian 18th November 2020

Read more Views: 30
Your Democracy Monday, November 23, 2020 - 20:35 Source
Read more Views: 26
John Quiggin Monday, November 23, 2020 - 17:38 Source

(Another extract from the climate chapter of my book-in-progress, Economic Consequences of the Pandemic)

The Covid-19 pandemic has accelerated a variety of social and economic trends, some beneficial and some harmful, that were already underway before 2020.

Read more Views: 34
Renew Economy Monday, November 23, 2020 - 17:11 Source

Audrey ZibelmanOutgoing AEMO CEO Audrey Zibelman delivers a parting message to policymakers: We can't afford to just keep whinging about the state of energy policy.

Read more Views: 43
Club Troppo Monday, November 23, 2020 - 16:40 Source

How will Western historians in 2050 remember 2020? In scenario 1, “The Great Panic, a lost generation”, I sketch my best guess. Scenario 2, “A job well done” is the one I imagine many current Western governments hope is told. Scenario 3, “The dark path of the Great Panic”, is one of my main fear scenarios.

Read more Views: 46
MacroBusiness Monday, November 23, 2020 - 16:30 Source

Stock markets are relatively buoyant across Asia despite Wall Street’s faltering steps on Friday night with Japanese markets closed and the economic calendar relatively quiet to start the week. Bitcoin is trying to push through the $19000 barrier while gold stabilises just above its recent lows, currently up a few dollars at the $1873USD per

The post Macro Afternoon appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Read more Views: 30
THE BLOT REPORT Monday, November 23, 2020 - 15:58 Source

An investigation into the behaviour of members of the Australian Defence Forcehas recently been completed and the report stemming from it has been handed to the government. The investigation was undertaken by the Inspector-General of the Australian Defence Force and was led by Major General Justice Paul Brereton1. From this, two things have become crystal clear: firstly, the armed forces and the government do not like the truth; and secondly, David McBride is being punished for revealing the truth.

Read more Views: 36
MacroBusiness Monday, November 23, 2020 - 15:00 Source

Astonishing details have emerged about the hotel quarantine worker at the centre of South Australia’s COVID-19 outbreak and hard lockdown: At least 20 detectives are investigating the Adelaide pizza shop where an employee on a temporary graduate visa lied to contact tracers, plunging South Australia into the hardest lockdown in the country. The worker, who

The post Governments must learn from hotel quarantine failures appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Read more Views: 34
MacroBusiness Monday, November 23, 2020 - 14:40 Source

Two years ago, the AirRail Melbourne consortium – which includes the owner of Southern Cross Station and part owner of Melbourne Airport, IFM Investors – offered to contribute $5 billion (on top of the state and federal government’s $10 billion) to own and operate the Airport Rail Link tunnel, with the service slated to “deliver a

The post Dan Andrews right to ditch airport rail tunnel appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Read more Views: 34
Renew Economy Monday, November 23, 2020 - 14:22 Source

NSW energy minister Matt Kean tells summit he is focused on delivering cheaper electricity to households. Angus Taylor says he wants to export the most gas.

Read more Views: 30
MacroBusiness Monday, November 23, 2020 - 14:20 Source

APRA has published its early superannuation release data for the week ended 15 November, which revealed that only $151.4 million was withdrawn from Australia’s superannuation system, taking the total amount withdrawn early to $35.1 billion: According to APRA: Over the week to 15 November, superannuation funds made payments to 21,000 members, bringing the total number

The post Early super withdrawals slow further appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Read more Views: 34
MacroBusiness Monday, November 23, 2020 - 14:00 Source

Dr Tony Recsei, president of the Save Our Suburbs community group which opposes over-development, has challenged the notion that high density urban planning is more environmentally sustainable than lower density: The assumption that high-density is environmentally superior seems to be based on intuition as no proof is provided to support this claim. Rather, considerable evidence

The post Is urban density really more environmentally sustainable? appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Read more Views: 34
MacroBusiness Monday, November 23, 2020 - 13:40 Source

Australia recorded 9 new COVID-19 infections overnight, one of which was locally acquired: The one new local infection was recorded in South Australia, which is still getting on top of its latest outbreak: Australia now has only 92 active COVID-19 cases, 42 of which are locally acquired: South Australia’s active local case count has climbed

The post Australia records one new local COVID-19 infection appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Read more Views: 34

Pages