Via Foreign Policy: In July 2017, a group of nine Chinese students and faculty from Huazhong University of Science and Technology participating in a summer program at the University of Illinois at Urbana-Champaign (UIUC) formed a Chinese Communist Party branch on the third floor of Hopkins Hall, a campus dormitory. The group held meetings to
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By Leith van Onselen Yesterday, Fairfax published an alarming report warning that Melbournians will have an extra five hours of peak our traffic congestion by 2030 as rapid population growth continues to overrun the city’s infrastructure: Drivers could spend 20 per cent more time sitting in traffic as congestion significantly worsens over the next 12
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Recent reports by Grattan Institute and the Reserve Bank of Australia have argued that zoning is a significant cause of Australia’s high home prices. Yet neither organisation has applied the appropriate economic theory to the property market, leading to conclusions that are almost the complete opposite of reality. The main issue in property is that the static equilibrium assumptions
Mr Leon Berkelmans, Senior Manager in the Domestic Markets Department at the RBA, began the great softening up process yesterday: The Reserve Bank is not planning on engaging in quantitative easing anytime soon, so please do not form the impression that at the next board meeting they will be discussing it. They will not. But, just
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DXY climbed last night: AUD was clubbed: Gold fell: Oil too: Base metals flamed out: Big miners were mixed: EM stocks fell: Junk too: Treasuries were killed but the curve steepened for once: Bunds the same: Stocks pulled back: US data was decent with a good Pilly Fed and solid Fed Beige Book. The US
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From Lyndsay David today: I guess we can all thank god that ASIC and APRA don’t regulate the aviation industry. Because if they did, there would be planes falling from the sky. The Banking Royal Commission is slowly shifting from becoming a serious one-off investigation into misconduct within the financial services sector to nothing short
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Karen Maley is livid: Commissioner Kenneth Hayne will need the wisdom of Solomon as he tackles what is fast becoming the most critical issue in the financial sector: how to prevent the $1.6 trillion that Australians have salted away in superannuation savings from being pillaged by unscrupulous financial advisers. More: A group of planners from
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By Leith van Onselen The slow deflation of Sydney’s housing market eased this week, with values falling only 0.01% in the week ended 19 April, according to CoreLogic: Sydney home values have now declined by a cumulative 4.4% over the past 32-weeks, with values also down 4.3% over the past 37 weeks. Sydney’s quarterly growth rate
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By Leith van Onselen In the week ended 19 April 2018, the CoreLogic 5-city daily dwelling price index, which covers the five major capital city markets, fell another 0.10%: Values fell across all major markets except Adelaide: So far in April, values have fallen by 0.17%, driven by Sydney and Melbourne: So far in 2018,
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By Leith van Onselen Yesterday’s ABS labour force release for March revealed a weakening Australian youth labour market – i.e. those aged 15 to 24 years old. The trend headline unemployment rate rose from 12.41% in February to 12.47% in March: Total employment growth for those aged 15-24 years of age has also begun to
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