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The Piping Shrike Tuesday, April 18, 2017 - 08:00 Source


David Rowe AFR

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MacroBusiness Tuesday, April 18, 2017 - 07:55 Source

Via Domainfax: Deloitte Access Economics’ quarterly business outlook, released today, predicts the official cash rate of 1.5 per cent will climb slowly in 2018 and 2019 to reach 3 per cent in the early 2020s. The Reserve Bank was well aware “interest rates are now a massively more potent weapon for slowing the Australian economy

The post Deloitte: Housing bubble “gonna blow” appeared first on MacroBusiness.

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MacroBusiness Tuesday, April 18, 2017 - 07:45 Source

By Leith van Onselen After spending the past year categorically ruling-out reforms to negative gearing, reports have emerged that the Turnbull Government is considering making changes after all in the upcoming Federal Budget. From The AFR: …sources have told The Australian Financial Review the government has investigated the possibility of putting a limit on the

The post Do-nothing Malcolm reconsidering negative gearing reform appeared first on MacroBusiness.

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The Australian Independent Media Network Tuesday, April 18, 2017 - 06:00 Source

Tuesday 18 April 2017 1 Whilst I enjoyed 8 days off from my day to day writings on matters of politics, I was burdened with the absurdity of it. No, not my writing, but the unadulterated nonsensical crap that invades the democratic process. Every time I tried to divorce myself from it something more incongruous would find itself into…

The post Day to Day Politics: 8 days of political garbage. appeared first on The AIM Network.

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MacroBusiness Tuesday, April 18, 2017 - 05:35 Source

Andrew Bolt sums up the latest Coalition chaos: The Coalition is splintering: Responding to Mr Abbott’s latest public interventions – a newspaper column in which he sought to diagnose the problems of modern politics, and a high-profile Sydney radio interview – Mr Entsch called on him to “back off”. Mr Abbott should honour his promise of “no

The post Abbott takes gloves off, Coalition wheels fall off appeared first on MacroBusiness.

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MacroBusiness Tuesday, April 18, 2017 - 05:32 Source

Via the AFR: The peak industry group has urged the Prime Minister to increase the pressure on east coast gas exporters to expand local supplies and consider restricting exports to tackle the “enormous” price impacts on energy buyers. The call came in a letter from Australian Industry Group chief executive Innes Willox sent to Malcolm Turnbull

The post AIG and Shorten lead energy market towards “swaps” disaster appeared first on MacroBusiness.

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North Coast Voices Tuesday, April 18, 2017 - 00:16 Source

James Cook University, ARC Centre of Excellence for Coral Reef Studies, media release, 10 April 2017:Two-thirds of Great Barrier Reef hit by back-to-back mass coral bleaching

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MacroBusiness Tuesday, April 18, 2017 - 00:15 Source

From Essential poll: Only 13% of Australians are seeing rising living standards. This is a stunning number that explains pretty much everything about contemporary politics. This is the lived experience of Australia’s failed post-mining boom adjustment which politics failed completely to grasp. It would have been fixed by offering a plan that: outlined the problem that

The post Half of Australians seeing falling living standards appeared first on MacroBusiness.

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North Coast Voices Tuesday, April 18, 2017 - 00:15 Source

Media Release RACP: Australians concerned about the health impact of extremely hot weatherApril 5 2017New research* from the Royal Australasian College of Physicians (RACP) has revealed more than two thirds of Australians (68 per cent) are concerned about the rise in extremely hot weather and the impact it

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MacroBusiness Tuesday, April 18, 2017 - 00:14 Source

From Professor Rodney Tucker, of Melbourne University via Australian Journal of Telecommunications and Digital Technology: Introduction Australia performs poorly in global rankings of broadband download speeds (Smith, 2017).  NBN Co argues that the situation will improve (Dinham, 2017) as more customers connect to the fibre to the node (FTTN) and hybrid fibre coax (HFC) components of the

The post How Do-nothing Malcolm butchered the NBN appeared first on MacroBusiness.

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MacroBusiness Tuesday, April 18, 2017 - 00:10 Source

By Leith van Onselen Remember late last month when the Turnbull Government committed low wages harakiri by warning the Fair Work Commission against a significant rise in the minimum wage, warning that an “excessive” pay rise could imperil job creation and making the idiotic comment that low-paid workers “are often found in high-income households”? Well it

The post Coalition issued voter warning on minimum wage appeared first on MacroBusiness.

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MacroBusiness Tuesday, April 18, 2017 - 00:08 Source

By Leith van Onselen Thursday’s ABS labour force release for March revealed yet more bad news for those aged 15 to 24 years old that are looking for a job. The trend headline unemployment rate rose from 13.05% in February to 13.08%: And total employment growth for those aged 15-24 years of age remains sharply

The post Australian labour market continues to scold youth appeared first on MacroBusiness.

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MacroBusiness Tuesday, April 18, 2017 - 00:05 Source

Pretty much picking up where we left off. Spot thrashed with DCE futures down further overnight. SGX is in free fall as well. So is rebar. Chinese iron ore port stocks fell 950kt which is good, I guess, but we’ve wiped one third off the price and lost 1% of the inventory. We need to

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

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MacroBusiness Tuesday, April 18, 2017 - 00:04 Source

Easter witnessed a major Chinese data dump for March and Q1. Q1 GDP was excellent at 6.9%: March internals were even better with sizable rebounds in retail (10.6%), fixed-asset investment (9.2%) and industrial production up to 6.8%: Within key sectors, steel output in March was thumping along at 72mt, an all-time record: Cement is lower

The post Lock in the China slowdown appeared first on MacroBusiness.

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MacroBusiness Tuesday, April 18, 2017 - 00:01 Source

Global Macro / Markets / Investing: Stunning drops in solar and wind costs turn global power market upside down – Think Progress Regulating Bitcoin: how new frameworks could be a catalyst for cryptocurrencies – The Telegraph This is one of the most devastating reports we’ve seen for the future of Wall Street stock pickers – Business Insider OPEC

The post Links 18 April 2017 appeared first on MacroBusiness.

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Harrangue Man Monday, April 17, 2017 - 22:06 Source

thewife fixed the gears so I took the BYB for a super ride. I went to a part of town I've never been to and followed a path to see where it ended; puffing lightly as the bike and I forged up a hill.The path ended at the literal edge of town, in a paddock with the freeway a short way away. I furtled back, zipping through yet more streets I have never been in before. Then I got some Pringles for the chickens. Because I love them and I love feeding them Pringles.The BYB; exercise now featuring actual fun.WFTW.

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Club Troppo Monday, April 17, 2017 - 21:57 Source

I’m no fan of moral rights, but there you are. Artists are, so perhaps I should change my tune.

The Valuation of Moral Rights: A Field Experiment

By: Stefan Bechtold (ETH Zürich) ; Christoph Engel (Max Planck Institute for Research on Collective Goods)

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The Australian Independent Media Network Monday, April 17, 2017 - 16:00 Source

This morning I read this tweet from Fairfax journo Ross Gittins: My first thought was, a new kind of human being has emerged. One without empathy. This is why we don’t care anymore. Our species is devolving. For someone who only yesterday re-watched Luchino Visconti’s The Damned, my first thought rather remarkably disregarded  history. Visconti’s film…

The post The Damned appeared first on The AIM Network.

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We are all dead. Monday, April 17, 2017 - 14:17 Source

Hi! I used to write this blog about Australian public policy. Work reasons mean I can’t write publicly about this topic anymore, so I’m chanelling my enthusiasm for graphs and statistical analysis to my new blog on Australian football. Have a look at The Arc!

You can sign up for The Arc’s newsletter in the sidebar of the site, or follow the site on Twitter.

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The Australian Independent Media Network Monday, April 17, 2017 - 14:16 Source

There is great value in maintaining a national broadcaster that is publicly owned and funded, politically independent and fully accountable. Public ownership brings a distinct difference to the broadcasting system, with national broadcasters required and able to provide comprehensive, innovative programs not influenced by commercial imperatives. But it seems the government’s appointees to the board…

The post Informed citizens or content consumers appeared first on The AIM Network.

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En Passant Monday, April 17, 2017 - 13:32 Source


(Image via facebook.com/homelessness.australia)

The Turnbull Government’s latest band-aid measures will do little to address housing affordability and nothing at all for Australia’s homeless, says John Passant in Independent Australia.

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The Australian Independent Media Network Monday, April 17, 2017 - 11:32 Source

You’ll notice in the video, Mr Turnbull making his position on penalty rates very… ah, clear. Well, that is to say…ah, we’re in no doubt that he supports…flexibility.Turnbull on penalty rates And we can sure of his support for flexibility because if there’s one thing we can say about his time as PM, it’s how…

The post Turnbull And Flexibility appeared first on The AIM Network.

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WixxyLeaks Monday, April 17, 2017 - 11:12 Source

Last weekend was Easter weekend, a weekend that many believe a bearded Middle Eastern man died for our sins thousands of years ago.

However I don’t want to talk about religion today, I want to talk about a death this Easter that is already being shrugged off by far too many. A death that was for the sake of entertainment.

This Easter in the US images were streamed live all over the world as millions watched in awe at the birth of a giraffe. The spectacle of a birth, and the joy of a baby giraffes first steps as its parents watch on proudly was enough to pull in viewers from every corner of the globe.

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The Melbourne Urbanist Monday, April 17, 2017 - 10:52 Source

Guest writer Dr Garry Glazebrook describes what a comprehensive plan for a metro rail network supported by feeder light rail services in Western Sydney should look like Western Sydney: proposed metro/light rail network

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xkcd.com Monday, April 17, 2017 - 10:00 Source

Really, the only honest 24-hour stores are the ones in places like Arizona and Hawaii, and many of them are still wrong in certain years.

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Harry Clarke Monday, April 17, 2017 - 09:42 Source

The best deal offered so far in the ongoing conflict with North Korea comes from China. It is:  Abandon your nukes and we will offer you protection. This gives the North what it wants, namely,  protection from externally-imposed regime change.

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North Coast Voices Monday, April 17, 2017 - 00:18 Source

A limited compulsory income management scheme was introduced by the Howard Government in 2007.Its aim was to reduce discretionary disposable income by quarantining 50 per cent of all Australian Government income support and family assistance payments. Over time it was expanded to include individuals and/or certain communities in all eight states and territories and the financial vehicle for delivery was the Basics Card

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North Coast Voices Monday, April 17, 2017 - 00:16 Source

US President Donald Trump's bully boys issued a summons on 14 March 2017:Twitter replies on 6 April with a laws

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North Coast Voices Monday, April 17, 2017 - 00:15 Source

The Adani Group’s Carmichael Coal Mine complex will draw an estimated 26 million litres of water per day by 2029, up to 4.55 gigalitres of ground water a year and over the mine’s life it will use approximately 335 billion litres of water – with unlimited access to The Great Artesian Basin.

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Harrangue Man Sunday, April 16, 2017 - 23:11 Source

The BYB is mostly good---save for the gear chain slipping---and I've been riding it out and about my neighborhood. Today I went out farther than I've been and zipped about places I've only experienced walking or driving.It was zen; the riding, the breath, the wind and the speed.BYB is a pleasure machine.WFTW.

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