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John Hewson blames MB for The Abbottalypse

February 13, 2015 - 14:43 -- Admin

From good ‘ol JH at the AFR: New technology, and the dramatic changes in the financial viability of the traditional media businesses, have driven a great proliferation of media outlets and channels all competing to report and comment on news. …Politicians have responded by attempting to “win” what has become essentially a media game, played […]

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Now the Kiwis are worried

February 13, 2015 - 14:35 -- Admin

By Leith van Onselen Executive Director of the The New Zealand Institute, Dr Oliver Hartwich, has written an interesting missive in the think tank’s latest weekly newsletter, expressing concern that the recent destabilisation present in Australian politics and the economy poses major risks to New Zealand: …politics is not about entertainment, nor is its goal […]

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The Abbottalypse to incinerate climate skeptics?

February 13, 2015 - 14:03 -- Admin

Not all pyroclastic flows are harmful it seems, from Tristan Edis at Dad’s Army: Climate Spectator has been informed that the government is floating the proposal with stakeholders of reducing the large-scale Renewable Energy Target (LRET) to something in the low 30,000 gigawatt-hour (GWh) range by 2020, possibly as high as the 32,500GWh proposed by sections […]

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Total lending falling despite housing bubble

February 13, 2015 - 12:25 -- Admin

By Leith van Onselen Today’s Lending Finance data, released by the ABS, revealed that total lending continued to fall in December and is well past its peak. The below charts, which track lending on a trend basis, illustrate the current state of play. First, total finance commitments peaked in June 2014, and have been trending […]

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Capt’ Glenn says he’s ‘pushing on a string’

February 13, 2015 - 10:45 -- Admin

From the AFR: Reserve Bank of Australia governor Glenn Stevens has conceded he is worried by the Sydney property market, but opted to ignore that risk by cutting the official cash rate last week because the economy’s recovery is “unconvincing.” Speaking to a parliamentary committee in Sydney on Friday, Mr Stevens noted the Australian dollar […]

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RIO “battens down hatches”

February 13, 2015 - 10:12 -- Admin

Here is the UBS wrap for RIO: Earnings 4% ahead of consensus at US$9,305m. US$2bn buyback announced Rio Tinto reported 2014 underlying earnings of US$9,305m, down 9% y/y and in line with our estimate of US$9,274m, and 4% ahead of consensus of US$8,916m and towards the top end of the consensus range of US$7,846-9,389m. The 2014 dividend was […]

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