Blogotariat

Oz Blog News Commentary
MacroBusiness Monday, April 15, 2019 - 11:00 Source

Via Mark the Ballot: Turning individual seat odds into probabilities is vexed. For the decimal odds used by online bookmakers, the maths is simple: The problem starts with the bookmaker’s over-round. If we sum the odds for every possible outcome, the probability exceeds 1. For the individual seat prediction markets, the over-round can exceed 1 by

The post Betting markets swing further to Labor appeared first on MacroBusiness.

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

Read more Views: 30
John Quiggin Monday, April 15, 2019 - 10:46 Source

A new sandpit for long side discussions, conspiracy theories, idees fixes and so on.

Read more Views: 31
MacroBusiness Monday, April 15, 2019 - 10:45 Source

By Leith van Onselen Last year, the chair of the Migration Council of Australia (MCA) and big business lobbyist for the Australian Industry Group (AIG), Innes Willox, penned an article in The Australian claiming that “now is not the time to cut migration” because of “skills shortages” [my emphasis]: Australia does not have a population

The post Migration Council chair howls “STEM shortage” as Aussies sit idle appeared first on MacroBusiness.

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

Read more Views: 24
John Quiggin Monday, April 15, 2019 - 10:44 Source

Another Monday Message Board. Post comments on any topic. Civil discussion and no coarse language please. Side discussions and idees fixes to the sandpits, please. If you would like to receive my (hopefully) regular email news, please sign up using the following link

http://eepurl.com/dAv6sX You can also follow me on Twitter @JohnQuiggin, at my Facebook public page   and at my Economics in Two Lessons page

Read more Views: 20
Renew Economy Monday, April 15, 2019 - 10:33 Source

Major study finds electrifying everything - heat and transport - and powering it through a solar dominated grid is possible by 2050, and will be cheaper and essential for Paris 1.5°C target.

Read more Views: 26
MacroBusiness Monday, April 15, 2019 - 10:30 Source

By Leith van Onselen While the property lobby and the Coalition continue to argue that Labor’s negative gearing policy will magically push up rents, AMP Capital’s chief economist, Shane Oliver, has argued the opposite: that Labor’s policy will lead to “investors piling into new buildings as opposed to old buildings”. From The Saturday Paper: The

The post Shane Oliver: Labor’s negative gearing policy will boost supply appeared first on MacroBusiness.

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

Read more Views: 25
Renew Economy Monday, April 15, 2019 - 10:27 Source

Philanthropic organisation Hackett Foundation has donated $100,000 to Airborne Research Australia, a not-for-profit Australian research institute that conducts world-leading measurements of climate change.

Read more Views: 26
Renew Economy Monday, April 15, 2019 - 10:20 Source

Genex Power Limited (ASX: GNX) (Genex or Company) is pleased to announce that it has entered into a binding connection agreement with Essential Energy, responsible for one of Australia’s largest electricity distribution networks, for the 50MW Jemalong Solar Project (JSP or Project) in New South Wales.

Read more Views: 20
The Australian Independent Media Network Monday, April 15, 2019 - 10:19 Source

Despite having repeatedly shown appalling judgement in her political career – mistakenly locking up Cornelia Rau and overturning deportation orders to grant Francesco Madafferi a visa for example – Amanda Vanstone is the go to girl to represent the “moderate” Liberals in the media. As she blankets all news sources with her ABC radio program,…

The post You don’t have to be dumb to be a Liberal but…ah stuff it, yes you do appeared first on The AIM Network.

Read more Views: 25
MacroBusiness Monday, April 15, 2019 - 10:15 Source

Via The Australian: Chinese state-owned power stations are specifically requesting coal from Indonesia, rather than Australia, as they put out tenders for new coal supplies, according to S&P Global Platts’ Asian thermal coal expert, Michael Cooper. “The state-owned power stations are not buying Australian thermal coal and the traders say there is a political dimension

The post China weighs into election with deeper coal ban appeared first on MacroBusiness.

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

Read more Views: 19
Renew Economy Monday, April 15, 2019 - 10:14 Source

A new data portal from Australia's national science agency, CSIRO will track residential energy efficiency progress to support the next wave of sustainable homes.

The post Aussie homes getting larger and more efficient appeared first on RenewEconomy.

Read more Views: 14
MacroBusiness Monday, April 15, 2019 - 10:00 Source

By Leith van Onselen When it comes to cruelty against the unemployed, it’s hard to top Prime Minister Scott Morrison. When asked in September about raising Australia’s paltry Newstart Allowance, Morrison argued that the Budget couldn’t afford it: [Morrison] says while financial figures released this week show the economy at its strongest point in a

The post Cruel Coalition crushes unemployed to give money to oldies appeared first on MacroBusiness.

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

Read more Views: 13
xkcd.com Monday, April 15, 2019 - 10:00 Source

I like to think that somewhere out there, there's someone whose personal quest is lobbying TV providers to add an option to switch their on-screen keyboards to Dvorak.

Read more Views: 6
MacroBusiness Monday, April 15, 2019 - 09:30 Source

Via The Australian comes CBAmageddon: There is an army of shadowy McKinsey consultants working on Matt Comyn’s hitherto secret plan to cut in the order of $2 billion of costs out of Commonwealth Bank. …While understandably reluctant to publicise their dramatic plans to slash staff numbers, the toe-cutting is already under way. A range of

The post McKinsey works to shred CBA workforce appeared first on MacroBusiness.

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

Read more Views: 31
MacroBusiness Monday, April 15, 2019 - 09:15 Source

Not much doubt about it now. Chinese new credit for March was out over the weekend and the credit tap is awwwn with total social financing at 2.86tr yuan and bank loans at 1.69tr: Shadow banking surged to 40% of finance and appears to be forming a bottom: M2 growth jumped to a one year

The post China pours on the debt 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 Monday, April 15, 2019 - 09:00 Source

Iron ore prices for April 12, 2019: Spot was strong and at new highs. Paper is consolidating. Steel is firm. Chinese trade data for March saw a good rebound in steel exports to 6mt and change. Iron ore imports were at 86.4mt, up a little year on year and enough to slow the rolling annual

The post Daily iron ore price update ($120 plus) 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 Monday, April 15, 2019 - 09:00 Source

By Chris Becker  Friday night saw US stock markets rise on the back of strong bank earnings to a new six month high. US Treasury yields rose past the 2.5% barrier again while the USD fell against everything but Yen, confirming the risk on mood. Looking first at the Asian session on Friday which saw

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: 14
The Tally Room Monday, April 15, 2019 - 08:58 Source

Nominations for the federal election will close next Tuesday, April 23. This is the first full federal election since a massive number of federal MPs lost their seats in 2017 and 2018 due to ineligibility, mostly due to citizenship. We’d expect about 1000 people to run for the House of Representatives (my list already has over 700), and approximately 500-600 candidates will run for the Senate.

Read more Views: 20
Your Democracy Monday, April 15, 2019 - 08:48 Source

jungle

"Feed the man meat" is sexist, of course — like most religious organisations are. "Feed the man meat" was the rallying cry from the Australian Meat Corporation or such association of butchers and farmers. So they changed the pitch to something less sexist. But religions are still sexist and allowed to be like men only clubs. Or ruled by men, like barbecues with the females doing the salads only.

 

Read more Views: 7
MacroBusiness Monday, April 15, 2019 - 06:21 Source

Via Newspoll this morning: Pauline Hanson’s support has nose­dived, handing Scott Morrison the equal-best primary vote for the Coalition since just after the last election but also strengthening Labor’s lead. The first Newspoll since the May 18 election was called in the wake of the Coalition’s budget and Bill Shorten’s budget-in-reply speech puts the major

The post Newspoll: Labor lead intact as One Nation bashed appeared first on MacroBusiness.

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

Read more Views: 26
The Australian Independent Media Network Monday, April 15, 2019 - 06:00 Source

“We should not do or say anything that cheapens another because in the end we only cheapen ourselves” (John Lord). Saturday 13 April 2019: 1 It looks as though Prime Minister Scott Morrison – without actually using the word “racist” – has inferred that the Opposition Deputy Leader Tanya Plibersek is racist. On what basis…

Read more Views: 25
The Australian Independent Media Network Monday, April 15, 2019 - 02:56 Source

“Functional stupidity: A general reluctance to self-reflect, question our assumptions, and reason about the consequences of our actions. Although this may increase productivity in the short term (making it ‘functional’), it reduces creativity and critical thinking in the long term.” from “The Intelligence Trap: Revolutionise your Thinking and Make Wiser Decisions” by David Robson Ok,…

Read more Views: 27
The Australian Independent Media Network Monday, April 15, 2019 - 01:49 Source

Since the primary campaign of 2016 between former Secretary of State Hillary Clinton and Senator Bernie Sanders, a civil war has been brewing within the Democratic party. Now, you might argue that fighting for the soul of a political party is like looking for unicorns in your front yard. But there is a serious ideological…

The post Standards are Not Purity Tests: The Democratic Civil War appeared first on The AIM Network.

Read more Views: 25
MacroBusiness Monday, April 15, 2019 - 00:15 Source

DXY was weak Friday night, CNY and EUR strong: AUD was wild against everything: Gold was muted despite DXY falls: Oil too: Metals firmed: Big miners were mixed. BHP/RIO strong: EM stocks were soft: US junk is flying: Weirdly, as Treasuries got belted: And bunds: Aussie bonds were worst of all: As stocks fly towards

The post Chinese credit jump starts Australian dollar 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 Monday, April 15, 2019 - 00:15 Source

By Leith van Onselen The AFR’s shameless lobbying against Labor’s negative gearing policy hit another low over the weekend with another shameless attack on the estimated savings from Labor’s policy: More evidence has emerged that Labor has seriously underestimated the extent of investment in newly-built housing and therefore overstated the revenue that might be raised

The post More AFR negative gearing fake news 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 Monday, April 15, 2019 - 00:14 Source

By Leith van Onselen The 2019 Federal Budget included an obscure measure, entitled Destination Australia Program, promising to fund scholarships for both domestic and international students to study in regional Australia: $93.7 million from 2019-20 (and $23.7 million per year ongoing) to establish the Destination Australia Program to support domestic and international students to study

The post Why are taxpayers subsidising international students? appeared first on MacroBusiness.

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

Read more Views: 28
MacroBusiness Monday, April 15, 2019 - 00:10 Source

CoreLogic released its preliminary auction report yesterday, which reported a small bounce on rising volumes. The preliminary national auction clearance rate was 58.2%, slightly above last week’s 57.2% but still below the 61.7% final clearance rate recorded in the same weekend of last year: Auction volumes nationally were 2,268, above last year’s 1,915 auctions: Once

The post Auction market shows tentative signs of life appeared first on MacroBusiness.

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

Read more Views: 44
MacroBusiness Monday, April 15, 2019 - 00:01 Source

Global Macro / Markets / Investing: Research Study on Ongoing Crime Spree by Wall Street Mega Banks Gets News Blackout: Here’s Why – Blacklist News Risk of earnings recession rises, as S&P 500 profits to fall for first time in 3 years – MarketWatch The Leader of the World’s Largest Hedge Fund Says the Economic

The post Links 15 April 2019 appeared first on MacroBusiness.

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

Read more Views: 27
Poll Bludger Sunday, April 14, 2019 - 21:51 Source

The first published opinion poll of the campaign records no change in Labor's modest yet decisive lead.

The post Newspoll: 52-48 to Labor appeared first on The Poll Bludger.

Read more Views: 44
The Australian Independent Media Network Sunday, April 14, 2019 - 21:25 Source

“Their end game is simply winning at all costs, even at the expense of decency, compassion, and principle”. Former Liberal leader, Dr John Hewson, Professor at ANU’s Crawford School of Public Policy, on Coalition tactics.   Pledging “a fair go for those who have a go” , a triumph of self-righteous humbug; a vow to…

The post Coalition campaign launch a real shocker. appeared first on The AIM Network.

Read more Views: 25

Pages