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Articles from MacroBusiness

Another migrant slave trade emerges

October 19, 2017 - 10:04 -- Admin

By Leith van Onselen Since the 7-Eleven migrant worker scandal broke in 2015, there has been a regular flow of stories emerging about the systemic abuse of Australia’s various migrant worker programs. The issue culminated last year when the Senate Education and Employment References Committee released a scathing report entitled A National Disgrace: The Exploitation

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ANZ: Five reasons the Australian dollar is going higher

October 19, 2017 - 10:01 -- Admin

ANZ reckons there are five reasons to buy AUD: USD is due for a correction Risk sentiment remains supportive RBA still on track to hike in 2018 Outlook for iron ore remains positive Technicals bode well Given these five indicators, we think that any downside surprise in domestic data should be used as an opportunity

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Liberal Party: GetUp a Labor front

October 19, 2017 - 09:45 -- Admin

By Leith van Onselen Liberal MP, Ben Morton, has accused activist organisation, GetUp, of being a “front” for Labor and the Greens, rather than an independent organisation. Morton claims the two latest additions to GetUp’s board have links to Labor, including the party’s former digital director Daniel Stone. The Coalition wants the Australian Electoral Commission

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China’s soft power war on Australia intensifies

October 19, 2017 - 09:36 -- Admin

Via Greg Sheridan: Mr Xi, the most dominant ­national leader in China since Mao Zedong, told 2300 delegates that China was entering a new era and it now “stands tall in the East”. He rejected Western notions of liberalism and confirmed ruling party ideology, including promoting “socialism with Chinese ­characteristics”. In a strongly ideological speech,

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Anthony Albanese spruiks #SardineSydney

October 19, 2017 - 09:36 -- Admin

By Leith van Onselen Labor infrastructure and transport spokesman, Anthony Albanese, has given yet another weak defence of mass immigration and a ‘Big Australia’, offering a whole bunch of strawman arguments, motherhood statements, and worthless platitudes defending the 1.74 million extra people expected to inundate Sydney over the next 20 years. From The Daily Telegraph:

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Government legislates to close wealthy tax loophole

October 19, 2017 - 09:18 -- Admin

By Leith van Onselen Back in July it was revealed that a draft tax ruling issued by the Australian Taxation Office (ATO) in March 2017 could allow “passive” family investment companies to claim tax refunds and deductions, opening the door for wealthy families to claim back hundreds of millions of dollars. This draft ruling overturned

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Ironically, CBA begs gubmint to force wage hikes

October 19, 2017 - 08:16 -- Admin

CBA is turning desperate. Following Ian Narev comes Michael Blythe: Australia’s biggest domestic economic risk is a “skewed consumer cycle” and the government may need to step in with a policy on wages, Commonwealth Bank of Australia chief economist Michael Blythe says. Normal wage growth is around 3.5 per cent per annum, according to the

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New record highs for stocks

October 19, 2017 - 06:54 -- Admin

DXY launched last night then lost the lot. The chart remains bullish: AUD was weak against DM: But strong against EM: Gold was soft: Brent was firm on US hurricane outages and OPEC output cut extension talk (a certainty): Base metals were mixed: Big miners were crushed by Xi Jinping: EM stocks rebounded: High yield

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MB Fund rock-n-roll thunder tour (the movie)

October 19, 2017 - 00:35 -- Admin

For those who couldn’t make it in person to the MB fund rock-n-roll thunder tour events around the country, we recorded the Melbourne concert. The first video is me explaining the history of MB, it’s purpose and the evolution of the MB Fund. The second video is Leith explaining his history with MB. The third

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Can Australia’s bubble central-planners land softly again?

October 19, 2017 - 00:30 -- Admin

It’s as obvious as the nose on your face that global markets are beginning to suspect that the Australian property bubble may burst. The reasons are equally clear: prices are stalling or falling; officials have labelled it a bubble; global interest rates are rising; other similar markets in NZ, the UK and Canada are rolling;

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