Blogotariat

Oz Blog News Commentary

Articles from MacroBusiness

Super must be addressed sooner rather than later

May 18, 2015 - 12:45 -- Admin

By Leith van Onselen For me, the biggest disappointment from last week’s Federal Budget was the vow by Treasurer Joe Hockey that this Government would not touch superannuation. In doing so, Hockey effectively locked-in former Treasurer, Peter Costello’s, egregious superannuation reforms, including: granting tax free superannuation status for retirees (over 60s) – a move dubbed

The post Super must be addressed sooner rather than later appeared first on MacroBusiness.

China property price falls arrested

May 18, 2015 - 12:13 -- Admin

China has released its 70-city new home price data for April and all of those stimulus efforts have finally borne some fruit with year on year price falls no longer getting worse, flat at -6.1% on the month: Month-on-month price movements show much of the market will now have rising prices: Indeed 23 of 70 cities

The post China property price falls arrested appeared first on MacroBusiness.

New car sales dip in April

May 18, 2015 - 11:57 -- Admin

By Leith van Onselen The Australian Bureau of Statistics (ABS) today released new motor vehicle sales for the month of April, which registered a 1.5% seasonally adjusted fall in the number of sales, but a 2.8% increase over the year (see next table). Sales in April rose in three jurisdictions and fell in five. As

The post New car sales dip in April appeared first on MacroBusiness.

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

Environment Minister sabotages environmental groups

May 18, 2015 - 11:08 -- Admin

Minister for the Environment, the Honourable Greg Hunt MP  is to conduct a Parliamentary Inquiry into the Register of Environmental Organisations, which maintains records for eligible organisations and carries with it tax deductibility status, and annual reporting obligations. The Terms of Reference clearly reflect an intention to amend the qualifying rules to ensure environmental groups

The post Environment Minister sabotages environmental groups appeared first on MacroBusiness.

No early election despite poll “bounce”

May 18, 2015 - 10:54 -- Admin

From The Australian just now: The Coalition’s bounce in the latest Newspoll demonstrates the government’s budget has “hit the mark” with voters, but Tony Abbott has “no instinct” for an election this year, Trade Minister Andrew Robb says. The well-received budget has lifted Tony Abbott’s approval rating to an eight-month high and put him back

The post No early election despite poll “bounce” appeared first on MacroBusiness.

TPP hangs on US Congress vote

May 18, 2015 - 10:42 -- Admin

By Leith van Onselen With Trade Minister, Andrew Robb, intent on signing the Trans-Pacific Partnership (TPP) trade deal, and selling-out Australians to US big pharmaceutical and digital companies, it seemed that all hopes were lost of there being satisfactory outcome. However, last week, some hope was restored with the US Senate initially voting down the

The post TPP hangs on US Congress vote appeared first on MacroBusiness.

Shapiro to the rescue of credit cavaliers

May 18, 2015 - 10:41 -- Admin

From Jonathon Shapiro at the AFR: Friday’s $1 billion sale of mortgage backed bonds by Firstmac is a big deal for more reasons than one. First and foremost it’s the clearest sign yet that the non-banks whose business models rely on access to cheap and abundant wholesale markets, are back as a force, to at least

The post Shapiro to the rescue of credit cavaliers appeared first on MacroBusiness.

Noob schools Gotti on foreign buyers

May 18, 2015 - 09:48 -- Admin

By Leith van Onselen After Gotti’s whinging and moaning (here and here) that new charges on foreign buyers would dampen so-called investment in Australian real estate (and harm sales of apartments by the likes of Harry Triguboff), Florence Chong has offered a useful perspective on the real motivations behind Asian property investment: Higher government taxes

The post Noob schools Gotti on foreign buyers appeared first on MacroBusiness.

Daily iron ore price update (port crash)

May 18, 2015 - 08:44 -- Admin

Here are the iron ore price charts for May 18, 2015: Spot was down sharply. Paper was better and Dalian is up 4 points this morning at 426. Rebar average has broken to an all time low. Chinese port inventories were monstered another 3.5 million tonneson the week. My best guess is that port stocks

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

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

Pages