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MacroBusiness Monday, June 26, 2017 - 00:20 Source

The MSM bank protection racket is in full swing, at the AFR: London-based investors have warned National Australia Bank chief executive Andrew Thorburn that they consider Australia a less stable and less consistent economy for investment after the South Australian budget hit the big four banks and Macquarie with a surprise $370 million tax. Speaking

The post The politico-housing complex devours itself appeared first on MacroBusiness.

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MacroBusiness Monday, June 26, 2017 - 00:19 Source

CoreLogic released its auction report yesterday, which revealed a further softening in the national auction clearance rate to 69.1% from 69.6% last weekend, but was still above the 64.4% recorded in the same weekend last year: Auction volumes nationally were 2,323 – above the 2,218 recorded in the same weekend last year. As shown above,

The post Auction clearances retrace some more appeared first on MacroBusiness.

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North Coast Voices Monday, June 26, 2017 - 00:16 Source

It doesn’t matter what political stripe the NSW government of the day is - the issue of homelessness is rarely addressed in a positive fashion.One only has to consult the National Library of Australia and Trove digital newspaper records to see that homelessness and Sydney have gone hand in hand since the city was established.

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MacroBusiness Monday, June 26, 2017 - 00:15 Source

By Leith van Onselen Let’s recall Michael Pascoe’s article on Friday whereby he basically labelled those of us seeking a more moderate immigration intake – commensurate with Australia’s first 100 years after Federation – as racist simpletons: A little after Friday lunch, the population clock on the Australian Bureau of Statistics web site will tick

The post Pascoe two-faced on mass immigration appeared first on MacroBusiness.

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MacroBusiness Monday, June 26, 2017 - 00:15 Source

By Leith van Onselen Just days after the Australian Senate cross-bench voted with the Government to pass its $23.5 billion ‘Gonski 2.0″ needs-based schools funding bill, the Labor Party has vowed to restore the prior Gonski model should it win the next federal election. From The Guardian: Tanya Plibersek has promised Labor will restore every

The post Labor vows to undo Gonski 2.0 appeared first on MacroBusiness.

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MacroBusiness Monday, June 26, 2017 - 00:15 Source

Via Newspoll today: Malcolm Turnbull has suffered a backlash in South Australia while losing more ground in the key state of Queensland, according to a new analysis showing voter support for the Coalition has tumbled 6 per cent nationwide since last year’s federal election. Voters in South Australia have turned against the federal government more

The post One Nation dooms Do-Labor Malcolm appeared first on MacroBusiness.

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North Coast Voices Monday, June 26, 2017 - 00:15 Source

“Collaborating with government.

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MacroBusiness Monday, June 26, 2017 - 00:10 Source

Not before time: CPA Australia’s controversial chief executive Alex Malley has been sacked, effective immediately. CPA’s board released a statement late on Friday evening announcing the decision, and that Mr Malley will receive termination benefits of $4.9 million. “Alex’s legacy is an organisation with a global footprint and an ambitious outlook,” president Jim Dickson said.

The post Naked CEO gets the golden arse appeared first on MacroBusiness.

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MacroBusiness Monday, June 26, 2017 - 00:05 Source

Iron ore price charts for June 23, 2017: Spot firmed. Paper faded. Steel has not updated. CISA steel output launched early June 5.4% to 1.86mt, indicating still good demand. In news, Roy Hill is struggling: Roy Hill is expecting to complete about 16 million tonnes of iron ore shipments in the first half of 2017,

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

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MacroBusiness Monday, June 26, 2017 - 00:04 Source

RBC thinks so: I Further build the case for a tactical factor-reversal trade (1-3 month scope), where on account of a number of ‘higher rates’ macro catalysts and quant seasonality trends, I see scope for ‘Value’ and ‘Size’ to reverse their recent underperformance relative to ‘Anti-Beta,’ ‘Growth’ and ‘Momentum.’ The latest data-point strengthening my view

The post Is China stimulating again? appeared first on MacroBusiness.

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MacroBusiness Monday, June 26, 2017 - 00:01 Source

Global Macro / Markets / Investing: The Real Threat of Artificial Intelligence – NY Times Is Exchange Income a New Target for Short Sellers? – Barron’s The unique map that reveals the entire planet’s urban footprint – Technology Review Markets set to fall after years of artificial support – The Times Stock Picking Is Dying

The post Links 26 June 2017 appeared first on MacroBusiness.

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The Australian Independent Media Network Sunday, June 25, 2017 - 21:48 Source

Corks pop and peals of laughter ring out over the disco beat of a ghetto-blaster cranking out a Donna Summer number from Liberal offices deep inside Parliament House, safe from the world outside and Canberra’s winter frost. She works hard for the money, MPs sing along with Donna.  It’s 2:00am Friday before MPs can celebrate…

The post Corks pop over Gonski 2.0 con but Turnbull government has nothing to celebrate. appeared first on The AIM Network.

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The Australian Independent Media Network Sunday, June 25, 2017 - 19:04 Source

Senator Hanson recently implied that children on the autistic spectrum should be shunted off to ‘special schools’. However Hanson wants to spin it, she said These kids have a right to an education, by all means, but, if there are a number of them, these children should go into a special classroom and be looked…

The post She said what! appeared first on The AIM Network.

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John Quiggin Sunday, June 25, 2017 - 18:45 Source

I’ll be talking to the Fabian Society in Melbourne on Wednesday night, looking at the failure of neoliberalism and options for a new “New Deal”.

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The Australian Independent Media Network Sunday, June 25, 2017 - 11:20 Source

Over the past couple of years, I’ve been doing a bit of reading on gamification. For those of you who don’t know, gamification is using game mechanics to motivate people to work harder or to buy your product. I’m tempted to say things like leaderboards, points, etc, but I know that at least a couple…

The post It’s Not A Game! Or Maybe It Is… appeared first on The AIM Network.

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The Australian Independent Media Network Sunday, June 25, 2017 - 11:15 Source

By Terence Mills They tell me that our politicians pulled an all-nighter on Thursday and had to hang around on poets day – a most unusual occurrence – to tidy up some loose ends and for the blokes to find their ties – you can always tell when a male politician is pretending to be…

The post Another really great week for our politicians appeared first on The AIM Network.

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The Australian Independent Media Network Sunday, June 25, 2017 - 10:55 Source

The object of community in creating and maintaining a stable social and commercial environment for healthy living standards to thrive hangs on the slimmest thread of collective “desire” for such a community to exist. All the best deeds and intentions in the world will be to little avail if there is no desire on the…

The post The ‘future-proofing’ of the Australian ‘community’ appeared first on The AIM Network.

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The Political Sword Sunday, June 25, 2017 - 10:10 Source


Senator Hanson recently implied that children on the autistic spectrum should be shunted off to ‘special schools’. However Hanson wants to spin it, she said

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North Coast Voices Sunday, June 25, 2017 - 00:16 Source

“Examining the rollout of NBN technologies as of December 2016, our preliminary analyses suggest areas of greatest socio-economic disadvantage overlap with regions typically receiving NBN infrastructure of poorer quality.”  [The Conversation, 22 June 2017]c|net, 23 June 2017:The richer you are, the better the NBN getting rolled out in your area.That's according to a 

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North Coast Voices Sunday, June 25, 2017 - 00:15 Source

The Liberal Party of Australia has a new website, The Fair Go, which it officially launched on 23 June 2017 at the party's federal conference.Created on 2 May 2017 with registration

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The Australian Independent Media Network Saturday, June 24, 2017 - 16:52 Source

By Damian Smith I’ve been reluctant to comment on Pauline Hanson’s noisome remarks regarding autism and schooling. Like wildfire her vacuous bigotry requires oxygen and I am loath give her the attention she so desperately desires. However, there are times when one must stare into the abyss. I have what was once known as Asperger’s…

The post The curious incident of the bigot in the Senate appeared first on The AIM Network.

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Harrangue Man Saturday, June 24, 2017 - 16:08 Source

Having chewed through yet another cheapie from K-Mart I rode into town on my tricycle and bought a heavy duty gaming mechanical keyboard. It throbs with an unearthly green light. So far the keys have held up to my rapid pounding and they don't feel like they're going to lose their characters after but a week of use. It seems and feels robust.Finally a keyboard that suits my typing style of furious, frenetic and a lot of backspacing.

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The Australian Independent Media Network Saturday, June 24, 2017 - 11:49 Source

As our politicians bemoan Australia’s sliding international ranking in standardised testing, calling for a back to basics direct instruction approach, they are ignoring the things that really matter. In 2015, Australia placed first in the Global Creativity Index which ranked 139 nations worldwide on “three Ts” as measures of economic development — talent, technology, and…

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The Australian Independent Media Network Saturday, June 24, 2017 - 08:57 Source

I like the Australian cultural habit of telling yarns … and general bullshitting. There is a certain skill in attitude, demeanour and voice-timing to get a good story across. Of course, the oral tradition is the best way for such a personality to tell a yarn, but with the loss of the front-bar culture, where…

The post The first drink was “on the house” – the last was on the floor appeared first on The AIM Network.

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Poll Bludger Saturday, June 24, 2017 - 05:04 Source

New results from Newspoll and Essential Research have failed to have any impact on BludgerTrack’s two-party preferred reading, but there’s one point worth noting on the primary vote, with the recent lift in One Nation’s poll ratings finally kicking into action on the trend measurement (more on that here if you’re a Crikey subscriber).

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North Coast Voices Saturday, June 24, 2017 - 00:16 Source

One young well-known koala attempting to hide in Loxton Street from the Iluka paparazzi……

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North Coast Voices Saturday, June 24, 2017 - 00:15 Source

If you want to build a new coal plant you have to think about what is going to happen to electricity prices over the next 20 or 30 years, because that is the time frame that you have to sell over to make back the cost of building the plant. The reality is that renewables and storage is going to be much cheaper than coal in far less than 20 years, so anyone building a coal plant today is never going to make back their money.

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MacroBusiness Saturday, June 24, 2017 - 00:01 Source

Global Macro / Markets / Investing: Companies with more women directors generate a 36% higher return on equity – QZ Podcast: Are we ready to live and work alongside robots? – WEF These Truckers Work Alongside the Coders Trying to Eliminate Their Jobs – Bloomberg How big is bitcoin, really? This chart puts it all in perspective – MarketWatch

The post Weekend Reading 24-25 June 2017 appeared first on MacroBusiness.

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MacroBusiness Friday, June 23, 2017 - 14:25 Source

Amusing stuff from CBA today: It would be surprising if AUD/USD fell below its December 2016 level of 0.7160 simply because there was a negative Australia-U.S. rate differential Structural improvement in Australia’s current-account deficit (to 0.6% of GDP vs 4-5% of GDP in 2001 period) Asian and global GDP growth remains firm, and Asia is

The post CBA: High Australian dollar “structural” appeared first on MacroBusiness.

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MacroBusiness Friday, June 23, 2017 - 13:56 Source

From Dick Holden professor of economics at UNSW Sydney Business School via AFR: We are now through the looking glass on company taxation. We have industry-specific taxes based simply on which companies are profitable and what focus groups think about those companies. This is terrible tax policy. Though all taxes are distortionary, the primary goal of sound

The post Academic goose squawks on bank tax appeared first on MacroBusiness.

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