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Oz Blog News Commentary
MacroBusiness Monday, August 14, 2017 - 00:20 Source

By Leith van Onselen Last week, I published an article entitled “Amid CBA scandal, real estate money laundering ignored”, which questioned why Australia’s biggest money laundering honeypot – Australian property – continues to be ignored by Australia’s politicians and the media. Over the weekend, The AFR belatedly confronted the issue [my emphasis]: Stolen identities and

The post Property: AUSTRAC’s money laundering blind spot appeared first on MacroBusiness.

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MacroBusiness Monday, August 14, 2017 - 00:20 Source

Via the AFR: Chinese property buyers are turning away from Australian housing as efforts by regulators in both countries to slow investment begin to bite. Chinese buyers, who make up about 80 per cent of all foreign property purchases in Australia, have grown wary after being hit by Beijing’s tightened capital controls, local banks restricting lending and growing fears of an over-supply in the

The post Chinese abandon Aussie property appeared first on MacroBusiness.

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North Coast Voices Monday, August 14, 2017 - 00:16 Source

The Sydney Morning Herald, 7 August 2017:A draft bill to revamp regulations for native forestry in NSW was slammed as "overly complex" and inequitable, and it failed to address "an inherent conflict of interest" in the oversight of state-owned Forestry Corp.Documents obtained by Fairfax Media show the NSW Environment Protection Authority found the government's draft native forestry bill unfairly favoured Forestry Corp by remove licensing requirements for the corporation while maintaining them for

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North Coast Voices Monday, August 14, 2017 - 00:15 Source

Of all the stupid ideas this has to be one of the worst…….The Courier Mail, 5 August 2017:ONE super ID logon that will allow Australians to interact with Medicare, pay their car registration, help switch banks and buy groceries and clothes online is being developed by the Turnbull Government.In a bid to stop identity fraud and increase competition, Digital Transformation Assistant Minister Angus Taylor revealed the blueprint centred on one user name and one password for government and pr

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MacroBusiness Monday, August 14, 2017 - 00:12 Source

By Leith van Onselen The REINZ has released its house price data for July, which revealed a 1.2% seasonally adjusted monthly fall in the national median house price, although prices were still up 3.3% year-on-year: Outside Auckland, house prices fell by 2.6% in July, with prices up 6.2% year-on-year. Looking at the major cities, Auckland’s

The post NZ house prices fell again in July as volumes collapsed appeared first on MacroBusiness.

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MacroBusiness Monday, August 14, 2017 - 00:10 Source

CoreLogic released its auction report yesterday, which reported a slight weakening in the preliminary national auction clearance rate to 70.5% from 71.5% last weekend, and was below the 75.0% recorded in the same weekend last year: Auction volumes nationally were 2,011 – above the 1,471 recorded in the same weekend last year. As shown above,

The post Auction clearances soften appeared first on MacroBusiness.

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MacroBusiness Monday, August 14, 2017 - 00:06 Source

From The Australian over the weekend: Prime Minister Malcolm Turnbull says South Australia’s energy plan is an “experiment” that should have been conducted privately. “You really have in South Australia, of course, been subjected to an experiment by (Premier) Jay Weatherill. People really should conduct these experiments, as dangerous as that, privately somewhere in expert

The post The east coast gas “market” has collapsed appeared first on MacroBusiness.

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MacroBusiness Monday, August 14, 2017 - 00:05 Source

Iron ore prices for August 11, 2017: Tianjin benchmark was whacked -$1.80 to $74.30. Paper was hit for more overnight. Rebar is in heaven. We’re likely at the top here. Port stocks are from last week but have not risen with the recent iron ore price surge. I’m upgrading my outlook. The key is that

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

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MacroBusiness Monday, August 14, 2017 - 00:01 Source

Global Macro / Markets / Investing: For More Yield in Junk Bond ETFs, Go Short – Barron’s Is the World Slouching Toward a Grave Systemic Crisis? – The Atlantic Why is the US dollar falling? – BBC August, When All the Traders Take Off and Drama Hits the Markets – Bloomberg Some of the world’s

The post Links 14 September 2017 appeared first on MacroBusiness.

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The Australian Independent Media Network Sunday, August 13, 2017 - 22:41 Source

Red Star flags and missile carriers are everywhere in this week’s best-directed mass military rally in Pyongyang Wednesday. North Korean soldiers in high-crowned hats like painted halos march frenetically across our screens, their unique, bouncing goose-step a tribute to their athleticism, indomitable spirit and edgy photogenic villainy. ‘Rogue state’ hysteria triggers fear of global nuclear…

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Poll Bludger Sunday, August 13, 2017 - 21:47 Source

We’ve gone an awfully long time since the last state poll in Victoria – which, I recently argued in Crikey, was probably just as well for Labor. However, a new marginal seats poll for The Age suggests either that my prognosis for Daniel Andrews’ government was unduly gloomy, or that the Liberals have been rammed amidships by the lobster-and-red-wine scandal.

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Politically homeless Sunday, August 13, 2017 - 19:57 Source

We search for leaders on our hands and knees- Richard Clapton Best years of our lives

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The Australian Independent Media Network Sunday, August 13, 2017 - 17:38 Source

The green conscience received a setback last week with revelations that the Australian recycling industry is not what it seems. The middle-class sensibility here is simple and dismissive: bin it and forget about it. Place the sorted items in the appropriate set place and let others do the rest. Such an attitude means that the…

The post Backward Steps: The Australian Recycling Sham appeared first on The AIM Network.

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The Australian Independent Media Network Sunday, August 13, 2017 - 16:00 Source

If the conservative ideologues get their way, Peter Dutton could be Prime Minister within a few months. If Dutton became Prime Minister, he would be the eighth person to be Prime Minister with double letters in his last name. For the record, if you get asked the question at a trivia night, the others are…

The post Dutton for PM – no thanks appeared first on The AIM Network.

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The Australian Independent Media Network Sunday, August 13, 2017 - 13:48 Source

There is a delicious irony in the marriage equality debate and “postal survey” becoming the wrecking ball that brings down the walls of Conservative Australia, especially that part represented by the archaic Tony Abbott. The debate is about the right of one person to love another and to formalise their relationship in a way that…

The post Malcolm, you’re cornered appeared first on The AIM Network.

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The Melbourne Urbanist Sunday, August 13, 2017 - 13:02 Source

A commentary on stories in the news over the week ending 13 August 2017 bearing on urbanism and its discontents That was the week that was…

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The Tally Room Sunday, August 13, 2017 - 12:00 Source

This is just a quick post to note that nominations closed last Wednesday in the NSW council elections. I’ve posted the full candidate lists for the fifteen largest councils on my council guides.

Read the guides via these links:

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Harrangue Man Sunday, August 13, 2017 - 10:37 Source

All the classic elements of a rager were there---a mega spew that got hosed off the patio, someone sitting on the neighbour's roof because they could and a delighted screamed demand for "a third moustache!". As an added bonus in spite of the party fuel there was no violence like last year when someone copped an unprovoked gut punch.Fuck I love children's birthday parties.

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The Australian Independent Media Network Sunday, August 13, 2017 - 10:20 Source

  As, one by one, my family and friends get rid of their land lines despite my protestations that I knew their numbers off by heart and I live in a mobile black spot so rarely use one, I have had to concede that you can’t stop society evolving. Sometimes, as in the case of…

The post You can’t stop society evolving appeared first on The AIM Network.

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The Political Sword Sunday, August 13, 2017 - 10:10 Source


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The Australian Independent Media Network Sunday, August 13, 2017 - 09:00 Source

The chit-chatterati on the international relations circuit have been humming with each ballistic missile test and next provocation over how best to cope with the cruel dictator in Pyongyang. While Donald Trump persists in an ever escalating slope of sandpit politics, followed by reciprocating gestures, there are other suggestions as to how best to deal…

The post Believing in Deterrence: Responding to North Korea appeared first on The AIM Network.

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Skepticlawyer Sunday, August 13, 2017 - 08:59 Source

This is based on a comment I made here.

If turning points in asset prices could be reliably predicted, they wouldn’t happen (since no none would buy at the “about to be seriously undercut” price).

The “bubble” folk don’t seem to understand that calling it a “bubble”:

(1) entails not knowing when the turning point will happen;

(2) means prices are reflecting current information, not information that hasn’t become available yet.

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North Coast Voices Sunday, August 13, 2017 - 07:56 Source

The TimeThe 203rd to 206th day of the Trump RegimeThe PlaceCharlottesville, Virginia, USAThe Events White supremacists rallies with unarmed counter protesters on the sidelinesThe Images

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The Australian Independent Media Network Sunday, August 13, 2017 - 06:00 Source

Sunday August 13 2017 More than 760 million people now live in countries where same-sex marriage is firmly legal. 2001 – The Netherlands The Netherlands was the first country to pass legislation to allow same-sex couples to legally marry, divorce and adopt children 2003 – Belgium Belgium’s parliament voted to allow same-sex marriage in 2003,…

The post Day to Day Politics: How the world stands on marriage equality. appeared first on The AIM Network.

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North Coast Voices Sunday, August 13, 2017 - 00:16 Source
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North Coast Voices Sunday, August 13, 2017 - 00:15 Source

“Attacks against the Australian Human Rights Commission60. The Special Rapporteur was informed about the attacks made by some politicians against the Australian Human Rights Commission and, in particular, its President, Gillian Triggs, which are particularly troubling given the prestige and respectability this Commission enjoys internationally. Following the Commission’s inquiry into the harm caused by the detention of migrant children, its President has faced public intimidation, questioning her integrity, impartiality and judgment.

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The Australian Independent Media Network Saturday, August 12, 2017 - 17:37 Source

When details of the Trump/Tinbull phone call leaked, Malcolm told us that he was all about protecting Australians. And what better way to protect Australians than to make a public declaration that if the USA is attacked then we want a part of the action. “If you bomb the USA,” Malcolm announced during the week,…

The post Many Calls On Malcolm’s Time; Many Calls On His Mind… appeared first on The AIM Network.

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Harrangue Man Saturday, August 12, 2017 - 16:40 Source

We got adult-sized boxing gloves for the stand-up punching bag. I wanted to see if I could topple the bag with a punch.I could---the punching bag fell over and on to the fig tree. The tree snapped. It got revenge in death---the snapped-off trunk stabbed a hole in the bag.Suffice to say no one was impressed, least of all the tree's owner who "only had it for seven years."That's a tree-laced relationship fail.

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Poll Bludger Saturday, August 12, 2017 - 15:18 Source

The latest quarterly EMRS survey of state voting intention in Tasmania records a continuing decline in support for Will Hodgman’s Liberal government, which is down two to 37%, with Labor steady on 34%, the Greens up one to 16%, and the Jacqui Lambie Network recording 5% on their first inclusion as a response option. Furthermore, Labor’s Rebecca White has opened up a solid lead as preferred premier in her second poll since she assumed the Labor leadership in March, going from 42-39 behind to 48-37 in front. The poll was conducted Thursday to Sunday from a sample of 1000.

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The Australian Independent Media Network Saturday, August 12, 2017 - 12:34 Source

By Keith Antonysen It should not have been necessary to write about increasing global temperature; but, with Trump as leader of the US there appears to have been a resurgence of contrarian opinion. Trump and his cabinet are climate change deniers; evidence does not support their views. When considering the time span climate science has…

The post Contrarian views on temperature have melted away appeared first on The AIM Network.

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