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Oz Blog News Commentary
The Australian Independent Media Network Tuesday, August 15, 2017 - 18:30 Source

What interesting times! Just last night, I was thinking how Barnaby had stuffed up by not actually checking that he was a dinky di Aussie through and through. All right, I know that being born here normally qualifies you, but when you’re not a third generation on both sides of the family tree then you…

The post Treachery From Bill Shorten While Kevin Andrews Admits Affection For His Cycling Mates! appeared first on The AIM Network.

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Inside Story Tuesday, August 15, 2017 - 17:31 Source

Communism in east-central Europe after 1945, with its endless disjunctures between official rhetoric and lived experience, nurtured a rich black economy of mocking humour. The jokes of that era, as much as the region’s older folktales, are archetypal but come in national flavours. Some Czechoslovakian ones, for example, have an absurdism that subverts not just politics but life itself.

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MacroBusiness Tuesday, August 15, 2017 - 16:18 Source

by Chris Becker The bounce continues across Asia with green across the board for stock markets as the USD rallies on the back of renewed vigor for interest rate rises. The Korean situation has eased in terms of tension, giving markets respite as they follow the great start to the week from transatlantic markets overnight.

The post Macro Afternoon appeared first on MacroBusiness.

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Renew Economy Tuesday, August 15, 2017 - 15:10 Source

Port Augusta becomes latest Australian coal hub to embrace renewables – and just as well, considering new data on coal plant pollution.

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Prosper Australia Tuesday, August 15, 2017 - 15:01 Source

Meander Valley Council in Tasmania will sell a family’s home at public auction in three weeks unless they pay their overdue rates. This reluctant display of the authority of government illustrates the limits and strengths of land title in Australia. The Examiner explains: “The owners of Chudleigh’s Melita Honey Farm have less than three weeks […]

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Club Troppo Tuesday, August 15, 2017 - 14:33 Source

It is pretty amazing, isn't it, that you have had two out of nine Greens Senators didn't realise they were citizens of another country.  It shows incredible sloppiness on their part.</body></html>

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Antony Green's Election Blog Tuesday, August 15, 2017 - 14:14 Source

And Barnaby Joyce makes it five - the Section 44(i) imbroglio grows

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Your Democracy Tuesday, August 15, 2017 - 13:54 Source

barnaby juice...

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Renew Economy Tuesday, August 15, 2017 - 13:17 Source

After a low-wind month in June, July's high wind output means very little reliance on Victorian imports and lower exposure to high-priced gas in SA.

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Renew Economy Tuesday, August 15, 2017 - 13:17 Source

Today's chart is a simple illustration of shifts in the fuel mix so far - interestingly, after a low-wind month in June, July's high wind output means very little reliance on Victorian imports and lower exposure to high-priced gas in SA.

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Renew Economy Tuesday, August 15, 2017 - 13:14 Source

Listed New Zealand company Contact Energy Ltd (CEN) has gained Climate Bonds Certification of geothermal assets as part of its new Green Loan Borrowing Programme for NZD1.8bn.

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MacroBusiness Tuesday, August 15, 2017 - 12:54 Source

Launched a few hours ago from Canberra.

The post Watch as Dick Smith launches Fair Go campaign appeared first on MacroBusiness.

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Renew Economy Tuesday, August 15, 2017 - 12:53 Source

Will Australia's large-scale renewable energy target be met on time? And what will happen if we move to a CET? Plus AGL's uncontroversial result; and crunching numbers on SolarReserve's Port August project.

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Renew Economy Tuesday, August 15, 2017 - 12:53 Source

Will Australia's large-scale renewable energy target be met on time? And what will happen if we move to a CET? Plus AGL's uncontroversial result; and crunching numbers on SolarReserve's Port Augusta project.

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Inside Story Tuesday, August 15, 2017 - 12:39 Source

Whom should electors be permitted to elect? And do our electoral laws discriminate against newer and smaller parties? When two minor party senators from the class of mid 2016 – Bob Day and Rod Culleton – were recently ruled by the High Court to be ineligible to be elected, those should have been the central questions. Instead, attention focused on the legal minutiae of the cases, and on their consequences for the parties.

Answering the “who” question, as I will argue, is simple. Electors should be able to elect any one of their own whom they choose. But first, to the minutiae of the cases.

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MacroBusiness Tuesday, August 15, 2017 - 12:31 Source

Via The Australian, the deal is off: Bob Katter says he will no longer guarantee supply or confidence in the government in another blow to the Coalition, which is still reeling from the fallout over the Barnaby Joyce dual citizenship drama. Mr Katter said it was “back to the drawing board” in negotiations for his support.

The post Turnbull’s tower shakes as Katter pulls support appeared first on MacroBusiness.

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MacroBusiness Tuesday, August 15, 2017 - 12:12 Source

By Leith van Onselen The Australian Bureau of Statistics (ABS) today released new motor vehicle sales for the month of July, which registered a 2.0% seasonally adjusted fall in the number of sales over the month but a 1.8% rise over the year: Six jurisdictions reported decreases in new car sales in July whereas two

The post Trend new car sales hit another record on surging SUVs appeared first on MacroBusiness.

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MacroBusiness Tuesday, August 15, 2017 - 12:10 Source

Via Domainfax: Foreign purchasers are buying as much as 40 per cent of all new apartments in Melbourne, with new figures showing a surge in a tax raised from offshore investment. Official data, released to The Age under freedom of information legislation, reveals that a tax on foreign buyers of residential property, introduced in mid-2015, has become

The post VIC government hides foreign property buyer tax windfall appeared first on MacroBusiness.

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Renew Economy Tuesday, August 15, 2017 - 12:09 Source

SolarReserve says its winning solar tower and molten salt storage project can deliver dispatchable, renewable power at just $78/MWh. Why so low?

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MacroBusiness Tuesday, August 15, 2017 - 11:55 Source

From the US Department of Commerce: The expected introduction of autonomous, or “self-driving,” vehicles (AVs) promises to have a potentially profound impact on labor demand. This paper explores this potential effect by identifying the occupations most likely to be directly affected by the business adoption of autonomous vehicles.  In 2015, 15.5 million U.S. workers

The post Road rage: 300,000 old, angry drivers to lose jobs to Skynet appeared first on MacroBusiness.

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MacroBusiness Tuesday, August 15, 2017 - 11:50 Source

By Leith van Onselen The Australian Bureau of Statistics (ABS) has released visitor arrivals and departures data for the month of June, which registered another lift in annual net permanent and long-term arrivals, which remains at turbo-charged levels. In the year to June 2017, there were 742,810 permanent and long-term arrivals into Australia – up

The post Long-term arrivals into Australia surges appeared first on MacroBusiness.

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MacroBusiness Tuesday, August 15, 2017 - 11:39 Source

From the happy idiots: Domestic Economic Conditions Members commenced their discussion of the domestic economy by noting that the June quarter inflation data had been in line with the Bank’s expectations and provided further confirmation that inflation had increased since 2016. Underlying inflation was ½ per cent in the June quarter and headline inflation was only

The post RBA minutes perfectly neutral appeared first on MacroBusiness.

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MacroBusiness Tuesday, August 15, 2017 - 11:32 Source

Via the Fed: The July jobs report from the U.S. Bureau of Labor Statistics brought welcome news on wage growth: Median weekly earnings rose 4.2% on an annual basis, the fastest pace seen since 2007. The underlying story about wage growth may be even better than the headline number suggests, according to updated work by

The post US wage growth better than it looks? appeared first on MacroBusiness.

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MacroBusiness Tuesday, August 15, 2017 - 11:06 Source

From Australia’s worst company, STO: That’s nearly $3bn in write downs on GLNG now. It only owns 30% of the great $18.5bn elephantine failure so over half of the carrying value is now gone. Worry not, the rest will disappear in due course as those oil forecast are never met. As it throws loss-making gas

The post Santos writes off more of the great white elephant appeared first on MacroBusiness.

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MacroBusiness Tuesday, August 15, 2017 - 10:33 Source

By Leith van Onselen Australia’s real estate treasurer, Scott Morrison, gave a poor interview on The Chris Smith Show yesterday, whereby he contorted arguments in favour of negative gearing and maintaining Australia’s mass immigration ‘Big Australia’ policy. First, here’s Morrison’s remarks around negative gearing (from 2.36): “One in five police officers negatively gear. About 62%

The post Scott Morrison outright lies on immigration and negative gearing appeared first on MacroBusiness.

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MacroBusiness Tuesday, August 15, 2017 - 10:28 Source

Via Morgan Stanley: The pending retirement of CEO Narev in 2018 suggests more change is likely at CBA. At the same time, we believe the end of the mortgage bull market and increased political and regulatory scrutiny will weigh on CBA’s growth, returns and trading multiples. Response to the AUSTRAC announcement: The Chairman has responded

The post The fallout from ConBank appeared first on MacroBusiness.

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Popular Science Tuesday, August 15, 2017 - 10:11 Source

Once difficult and expensive even for the most technologically advanced labs, genetic testing is fast becoming a cheap and easy consumer product. With a little spit and 200 dollars, you can find out your risk for everything from cystic fibrosis to lactose intolerance.

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Popular Science Tuesday, August 15, 2017 - 10:11 Source

“Bubonic” is almost onomatopoeic. It sounds bulbous and grotesque and ancient. It sounds like something your great great grandmother might have contracted as a child, along with “the consumption.” So when headlines proclaim that the bubonic plague is alive in Arizona (or New Mexico, or wherever) it feels like some archaic monster has risen from the grave. The reality is that it never actually died.

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Popular Science Tuesday, August 15, 2017 - 10:11 Source

You can make a battery out of a lemon, a tomato, an orange or a stack of old two cent coins. And now, thanks to a miracle of modern science, you can make a battery using spit.

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Popular Science Tuesday, August 15, 2017 - 10:11 Source

Every year, young sea turtles migrate up the US East Coast to spend the summer foraging in northerly waters. Sometimes, they wind up in the Gulf of Maine, which stretches from Cape Cod Bay to Nova Scotia. As the weather cools, the turtles, including endangered Kemp's ridley and loggerhead turtles, begin to swim south.

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