Blogotariat

The Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry was established on 14 December 2017, is due to hand down an interim report no later than 30 September 2018 followed by a final report by 1 February 2019.As of 13 April 2018 the royal commission has received 3,433 public submissions - 69% of these were Banking, 8% Superannuation 8% and 7% Financial Advice.Round 2 public hearings finish on 27 April 2018.View

Via the AFR: State Labor governments are expected to support the Turnbull government’s National Energy Guarantee at Friday’s Council of Australian Governments energy council meeting, but are keen to ensure a future Labor government can increase carbon emission reduction targets. In what is shaping as a major victory for federal Energy Minister Josh Frydenberg –

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Via Martin North: The latest Digital Finance Analytics Household Finance Confidence Index for March 2018 shows a further slide in confidence compared with the previous month. The current score is 92.3, down from 94. 6 in February, and it has continued to drop since October 2016. The trend is firmly lower. Across the states, confidence

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Global Macro / Markets / Investing: Cambridge Analytica planned to issue digital currency: sources – Reuters Winning ‘Black Swan’ Investor in 2008 Says Market’s More Fragile – Bloomberg Wall Street’s $6 Trillion Man Fink Is Finally Worth $1 Billion – Bloomberg The Pension Time Bomb: $400 Trillion by 2050 – Visual Capitalist Goldman Reaps the

The post Links 19 April 2018 appeared first on MacroBusiness.

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News Corp losing plot as fast as Peta Credlin - Financial Review

My book with Ajay Agrawal and Avi Goldfarb is out now. It is called Prediction Machines: The Simple Economics of Artificial Intelligence.

We have written some pieces that provide little excursions into the book.

By 1PETERMCC How poor is the understanding of our energy market by the Coalition government? Check these data. When Tony Abbott became PM he slashed the Renewable Energy Target from 41,000 gigawatt hours to 33,000 claiming the target could not be met. Not only was that revised target met, the original is going to be exceeded, too.…

The post Liberal Energy – The “too hard” party appeared first on The AIM Network.

... Although it"s not so much the music as the box it comes out of. I just sat and suffered through some terrible song Thomas was playing on his iPhone speaker as he cleaned up the kitchen.

It might have been punishment, for making him clean up the kitchen, but I think probably not. I"ve noticed both kids, and all their friends seem perfectly comfortable playing their music loud though phone speakers that really weren"t meant for broadcast.

I was leaning across the old wooden chair when my gut rested on the edge and it went right into the belly button. It hurt. I stupidly went "what the fuck was that?" then poked myself there to confirm that's what it was; a self-strike with a chair to the belly button.The confirming poke hurt as much as the chair-issued one. I'm short and fat; it leads to adventures with furniture. Not sexy ones, just basic attempts at avoidance or use.

By Catherine Cashmore The proposal to cut the company tax rate from 30% to 25% has received much media attention. We are repeatedly told it is needed to boost investment. The rational follows that companies are more likely to invest in productivity if they don’t have to pay as much tax on their gross income.

The post Will company tax cuts trickle down or trickle up? appeared first on MacroBusiness.

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Alan Jones says Craig Kelly should be energy minister. In effect, he already is, because the Coalition's woeful policy is a craven attempt to pacify the right wing. Despite the NEG, or maybe because of it, a bipartisan approach to energy and climate is as elusive as ever.

Queen Lucy’s plan for a Sydney dystopia cops more flack from urban planner Chris Brown today: Nauseatingly, the plan boasts of “new thinking” that simply rehashes ideas borrowed from elsewhere. Concepts like the “30-minute city”, “green grid” or “liveability” are not new…The approach is supported by the highly questionable claim that the plan will “align land

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Malcolm Turnbull's weak climate policy is not going unnoticed at the Commonwealth Heads of Government meeting.