Blogotariat

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MacroBusiness Tuesday, June 27, 2017 - 08:04 Source

By Leith van Onselen Bloomberg has published an interesting article about how cities are facing swelter temperatures as climate change combines with the loss of green space to create a ‘heat-island’ effect: It’s so hot in Phoenix that American Airlines Group Inc has had to cancel scores of flights… The sweltering conditions, which have engulfed much of

The post Greens’ urban infill utopia will make our cities hotter appeared first on MacroBusiness.

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The Australian Independent Media Network Tuesday, June 27, 2017 - 08:00 Source

By Keith Davis Let’s combine two facts and see where that takes us: Fact 1: Our car manufacturing factories are closing down. Their multi-national owners are falling over themselves to desert our shores. All our car manufacturing workers, engineers, vehicle designers, and component add-on personnel are scrambling about for any sort of new employment or…

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MacroBusiness Tuesday, June 27, 2017 - 07:45 Source

By Leith van Onselen From CoreLogic’s latest Pain & Gain report comes news that 13.3% of apartments transacted across Australia in the March quarter sold at a loss: As shown above, New South Wales was the outlier, with every other apartment market in the mainland recording double-digit resale losses. Losses for houses were much lower

The post CoreLogic: 13% of apartments selling for a loss appeared first on MacroBusiness.

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MacroBusiness Tuesday, June 27, 2017 - 07:44 Source

The Aussie was strong against USD and EUR last night: But weak against EMs: Gold slumped: Brent rose: Base metals lifted: Big miners were mixed: EM stocks took off: As high yield rebounded with oil: But the US yield curve sank to new lows: With more tightening European spreads: And stocks rebounded: In short, oil

The post Oil tells markets where to go appeared first on MacroBusiness.

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Renew Economy Tuesday, June 27, 2017 - 07:03 Source

CEFC makes first investment in mining operation, as Australia seeks to grab lion's share of lithium supply to the global battery storage market.

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MacroBusiness Tuesday, June 27, 2017 - 06:48 Source

Great piece today from Peter Hartcher on the astonishing wreckage of Donald Trump: Donald Trump is unique among US presidents not for his rough treatment of America’s enemies but of its allies. His Vice-President, Mike Pence, must be aware of the problem. He offered Julie Bishop a way around it: “If you ever have any

The post Ready for Chinaustralia? appeared first on MacroBusiness.

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The Australian Independent Media Network Tuesday, June 27, 2017 - 06:00 Source

Tuesday 27 June 2017 The year was 2014. The year Tony Abbott winked. Scott Morrison had been promoted to Social Services Minister. Even though I wasn’t religious I thought I should start praying for pensioners, the disabled, those looking for work etc. He had demonised those seeking a better life. “Now it’s their turn,” I…

The post Day to Day Politics: 2014, the year of the wink. appeared first on The AIM Network.

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MacroBusiness Tuesday, June 27, 2017 - 05:25 Source

From The Australian: Analysis by The Australian suggests the Coalition would lose 20 seats — four in NSW, nine in Queensland, two in South Australia and five in Western Australia — if the election matched the state-by-state swings shown in the quarterly Newspoll survey published this week. Three cabinet ministers — Peter Dutton, Christian Porter

The post Coalition confronted with wipeout appeared first on MacroBusiness.

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Poll Bludger Tuesday, June 27, 2017 - 05:15 Source

The Guardian reports the Essential Research fortnight rolling average has come in at 52-48 to Labor for a third week in a row, with the Coalition (39%), Labor (36%) and the Greens (10%) each managing to gain a point on the primary vote, as One Nation’s recent run of good polling form comes to an end with a two point drop to 7%.

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MacroBusiness Tuesday, June 27, 2017 - 04:57 Source

Via the AFR: Senator Xenophon said the state needed to ensure the best possible investment conditions were in place to try to reinvigorate the local economy at a time when carmaker Holden was getting ready to close its operations in October. “My concern is that it will damage investment,” he said. “It’s quite a different

The post Xenoponzi joins banks to roll SA government appeared first on MacroBusiness.

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MacroBusiness Tuesday, June 27, 2017 - 04:55 Source

Red ink everywhere: I have no idea what it means.

The post Ponzicoins crash appeared first on MacroBusiness.

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Club Troppo Tuesday, June 27, 2017 - 00:20 Source

The Effect of Cash Injections: Evidence from the 1980s Farm Debt Crisis by Nittai K. Bergman, Rajkamal Iyer, Richard T. Thakor

Abstract:

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North Coast Voices Tuesday, June 27, 2017 - 00:16 Source

Only in Tasmania, Australia, The World……Tasmanian Heartwood Malt Whisky Pty Ltd currently has 7,000+ litres of whisky stored in 200 litre and 300 litre barrels.

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North Coast Voices Tuesday, June 27, 2017 - 00:15 Source

“Regional Australians are 19 percent more likely to suffer a stroke than those in metropolitan areas.”  “Australia’s stroke hotspot North Coast, NSW” [No postcode untouched: Stroke in Australia 2017, Key Insights][

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MacroBusiness Tuesday, June 27, 2017 - 00:10 Source

By Leith van Onselen A ripper new report by LF Economics is out, entitled Parental Guidance Not Recommended: An Illustrated Guide to the Latest Trends in Affordability in the Australian Housing Market. It assesses the challenges new First Home Buyers (FHBs) and others face versus previous generations in not only achieving home ownership, but the financial risks many Australian

The post The death of Australian housing affordability appeared first on MacroBusiness.

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MacroBusiness Tuesday, June 27, 2017 - 00:05 Source

Iron ore prices for June 26, 2017: Tianjin benchmark was unchanged at $55.50. Paper is going nowhere. Other prices have yet to update. No change to outlook: down.

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

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MacroBusiness Tuesday, June 27, 2017 - 00:01 Source

Global Macro / Markets / Investing: The falling elasticity of global trade to economic activity – VOX It’s going to end ‘extremely badly,’ with stocks set to plummet 40% or more, warns Marc ’Dr. Doom’ Faber – CNBC Trump to Call for U.S. ‘Dominance’ in Global Energy Production – Bloomberg The Aging of Oil –

The post Links 27 June 2017 appeared first on MacroBusiness.

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Your Democracy Monday, June 26, 2017 - 21:14 Source
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The Australian Independent Media Network Monday, June 26, 2017 - 19:01 Source

By Christian Marx Once again mainstream media is lying and omitting key information in the ongoing situation in Venezuela. The manufactured narrative is all about blaming the Maduro government for the food shortages. However the real truth is buried under a mountain of US centric propaganda. Independent media is far closer to the truth. First…

The post Venezuela unearthed: uncovering the western media deception appeared first on The AIM Network.

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Prosper Australia Monday, June 26, 2017 - 17:29 Source

Australia experienced an increasingly gigantic bubble in land prices during the 1880s and the beginning of the 1890s, and the city of Melbourne became bubble-central. Michael Cannon provides an excellent account of the period in The Land Boomers. Henry George’s masterwork Progress and Poverty had hit the streets in the United States in 1879 and […]

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MacroBusiness Monday, June 26, 2017 - 16:31 Source

by Chris Becker As we head into a more fruitful week in the economic calendar, Asian markets are seeing more risk takers with most stock markets putting in positive sessions and domestic currencies also higher. The oil price is helping here, as are other commodities going into the European open. In mainland China the Shanghai

The post Macro Afternoon appeared first on MacroBusiness.

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The Global Mail - Syndicated Stories Monday, June 26, 2017 - 15:17 Source

Christmas came early to two people who had filed lawsuits against the Irvine Co. and its apartment affiliate earlier this year alleging discrimination against them because they needed emotional-support animals. California’s Department of Fair Employment and Housing (DFEH) announced earlier this month that it had settled the suits for $175,000, which is how much money Irvine Co. Don Bren made in the time it took you to read this story so far.

From their press release:

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En Passant Monday, June 26, 2017 - 15:04 Source


Senator Lee Rhiannon (image from @leerhiannon

 

In Independent Australia analyse the recent turmoil and deep divisions afflicting the Australia Greens and their significance for Australia.

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The Australian Independent Media Network Monday, June 26, 2017 - 14:26 Source

It is all very well to be nice and good, but the Labor Party is underselling itself if this is their only appeal to convince voters of their fitness to govern. It is time Labor killed the mainstream orthodoxy that says good economic management and being nice and good are opposing options; that you can…

The post Nice is all very nice, but it doesn’t win elections appeared first on The AIM Network.

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Renew Economy Monday, June 26, 2017 - 13:55 Source

Queensland government edict pushes wholesale prices down; solar costs fall again; Infigen's lousy wind quarter; aspect of limited merits review decision.

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Your Democracy Monday, June 26, 2017 - 13:54 Source

 

betrayal

Factional tensions have flared within the Liberal Party after comments from senior frontbencher Christopher Pyne were leaked and reported.

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MacroBusiness Monday, June 26, 2017 - 13:53 Source

From The New Daily: Australian subscribers to Netflix will pay up to 10 per cent more for the streaming service by the end of the week. From July 1, the 10 per cent goods and services tax (GST) will be applied for the first time to digital products and services purchased in Australia from overseas companies. Netflix confirmed to

The post ‘Netflix tax’ comes into effect this week appeared first on MacroBusiness.

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John Quiggin Monday, June 26, 2017 - 13:41 Source

That’s the conclusion of a recent depressing report from the Wentworth Group. There is, of course, an “unless”, but having spent decades of my professional life on this issue, I can’t say I’m hopeful. Certainly, there’ll be no progress under the current government, as this issue is now part of the culture wars. Whether Labor will do any better, I don’t know. Here’s the comment I provided to the Australian Science Media Centre.

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Renew Economy Monday, June 26, 2017 - 13:38 Source

Results for South Australia's battery storage tender expected in next week, as state government delays introduction of energy security target and may drop it altogether. Meanwhile, Victoria reports "strong" response for its battery storage tender.

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Renew Economy Monday, June 26, 2017 - 13:38 Source

Results for South Australia's battery storage tender expected in next week, as state government delays introduction of energy security target and may drop it altogether. Meanwhile, Victoria reports "strong" response for its battery storage tender.

Read more Views: 68

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