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MacroBusiness Wednesday, April 4, 2018 - 11:34 Source

Via UBS: Is demand OK given some weaker signals in 1Q18?  A key question was the strength of demand given weak PMIs in Feb-18 and large inventory builds through Feb+Mar-18.  We learned that demand had been held back through these months, reflecting:  A later spring festival than usual, where many firms and

The post A postcard from China’s steel sector appeared first on MacroBusiness.

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MacroBusiness Wednesday, April 4, 2018 - 11:30 Source

By Leith van Onselen The former Gillard Labor Government had originally legislated for the superannuation guarantee (i.e. compulsory superannuation contributions) to rise to 12% in 2019. However, the Abbott government, which inherited a superannuation guarantee rate of 9.25%, froze it at 9.5% until 1 July 2021 and delayed the scheduled increase to 12% until 1

The post Labor urged to hold off raising super guarantee appeared first on MacroBusiness.

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MacroBusiness Wednesday, April 4, 2018 - 11:00 Source

By Leith van Onselen Fairfax’s Matt Wade has penned an illuminating article on the decline in foreign aid given by Australia: Back in 1995, as the economy recovered from the deep recession earlier that decade, we reached a ranking of 9th on the international league table of overseas aid donors measured by the share of

The post Australia the anti-humanitarian nation appeared first on MacroBusiness.

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MacroBusiness Wednesday, April 4, 2018 - 10:58 Source

The Loon Pond has gone global, via The Guardian: South African foreign ministry officials say they “could not believe” Peter Dutton’s comments about immigration and that when they asked Australia’s foreign minister, Julie Bishop, about them she effectively said they should ignore him. In comments to Guardian Australia, Dutton has again rejected claims that Australia has retracted its

The post Government tells South Africa to ignore Creepy Pete appeared first on MacroBusiness.

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MacroBusiness Wednesday, April 4, 2018 - 10:50 Source

Via Andrew Charlton and Lachlan Harris at Domainfax: The fundamental operating model of Australian politics is breaking down. The data, from the Australian Election Study (AES), reveals the dramatic polarisation of Australian politics over the last two decades. In 1996 more than one in three Australian politicians (37 per cent) rated themselves as “moderate” – that is, centre-left

The post The rise of Canberra extremists appeared first on MacroBusiness.

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MacroBusiness Wednesday, April 4, 2018 - 10:30 Source

Via Bloomberg: Gold will surge to the highest level in five years if a global trade war breaks out, according to Rick Rule, chief executive officer of Sprott U.S. Holdings Inc., who’s been involved in the market for four decades. Bullion could top $1,400 an ounce in 2018 as escalating trade tensions drive investors to

The post Is gold a hedge for trade wars? appeared first on MacroBusiness.

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MacroBusiness Wednesday, April 4, 2018 - 10:00 Source

By Leith van Onselen MB has long derided Australia’s ‘free trade agreements’ (FTAs) for their complexity and deleterious efficiency impacts, their anti-competitive measures around intellectual property, as well as some FTAs containing clauses enabling trading partners to sue sovereign governments (called Investor-State Dispute Settlement or ISDS). On Friday, the University of Chicago’s Pro-Market Blog published

The post Trade agreements “serve rent-seeking by politically well-connected firms” appeared first on MacroBusiness.

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MacroBusiness Wednesday, April 4, 2018 - 10:00 Source

Via the FT: Sales of Manhattan apartments — some of the priciest properties in the US — have declined by the most in almost a decade, as potential buyers hesitate following the introduction of the new tax law. The number of co-op and condominium sales in Manhattan fell nearly 25 per cent during the first

The post New York joins global property deflation appeared first on MacroBusiness.

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xkcd.com Wednesday, April 4, 2018 - 10:00 Source

Just tell me everything you're thinking about in order from most important to last, and then we'll be friends and we can eat apples together.

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The Australian Independent Media Network Wednesday, April 4, 2018 - 09:36 Source

If a politician uses their position and government resources to help a friend, or to attack an enemy, does the public have a right to know? Apparently not. Yesterday, in ruling on a freedom of information application into the circumstances surrounding Peter Dutton’s granting of special work visas to two au pairs who arrived in…

The post The public has a right to know appeared first on The AIM Network.

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MacroBusiness Wednesday, April 4, 2018 - 09:35 Source

Via Domainfax: A former economics professor who debunked a possible link between immigration and unemployment will face the Federal Court over allegations he underpaid foreign staff at his Melbourne grocery store. The Fair Work Ombudsman launched legal action against Jordan Shan, a former associate professor of applied economics at Victoria University, over claims he paid

The post Slave labour academic denies immigration/low wages link appeared first on MacroBusiness.

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MacroBusiness Wednesday, April 4, 2018 - 09:15 Source

The AFR has cautionary tale today  for Sydney’s army of would-be landlords: Prices are falling in Sydney’s off-the-plan apartment market, creating conflict between vendors who want to sell and developers who want to maintain prices. Investor Chris Pearson contracted to buy an apartment in Blacktown’s first high-rise tower in 2015 for $649,000. Late last year, sensing

The post Off-the-plan patsies clash with developers as Sydney apartment bust builds appeared first on MacroBusiness.

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Renew Economy Wednesday, April 4, 2018 - 09:13 Source

The Monash Forum's manifesto, reprinted in full below, can be briefly summed up as "coal subsidies good, renewable subsidies bad." But it already has Turnbull asking how high he should jump.

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MacroBusiness Wednesday, April 4, 2018 - 09:00 Source

By Leith van Onselen Last week, ABC News published an interesting article on how Australia’s post-war immigration drive chewed-up Sydney’s planned ‘Green Belt’: A “visionary and radical” plan to protect a swathe of Sydney’s bush and farmland in the 1950s failed because of an unexpected population boom and pressure on development after World War II,

The post How the population ponzi chewed up Sydney’s green belt appeared first on MacroBusiness.

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MacroBusiness Wednesday, April 4, 2018 - 08:45 Source

More whack stuff from the AFR today on brokers: Brokers at Commonwealth Bank subsidiary Aussie Home Loans overwhelmingly favoured its owner’s mortgage products but sold under a number of different brands according to data provided by the broker to the Hayne royal commission. …in 2015 as much as 39.7 per cent of the mortgages the

The post “Independent” Aussie Home Loans a dodgy CBA funnel appeared first on MacroBusiness.

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Harrangue Man Wednesday, April 4, 2018 - 07:55 Source

I gave up to the impulse and picked the bottom of my right foot before sleep. I managed to peel off chunks of deep layered skin to the point it hurts to stand on that foot—more so than the day before when I had let the previous effort heal up.I ripped the index nail off from my left toe. That I can remove entire nails is due to years of doing it and fucked-up feet. It was during sleep—or it happened in that null-space between sleep and awake—when I turned my left knee and wrenched it.

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MacroBusiness Wednesday, April 4, 2018 - 07:38 Source

DXY rose last night: AUD did too: Gold fell: Oil firmed: Base metals too: Not big miners: Or EM stocks: Junk did better: Treasury yields rose: And bunds: Stocks rebounded: The key was this, via Bloomie: Judging from his tweets, President Donald Trump appears to have the knives out for Amazon.com Inc. But inside the

The post Markets are Donald Trump appeared first on MacroBusiness.

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MacroBusiness Wednesday, April 4, 2018 - 06:36 Source

Via The Guardian: Richard Di Natale makes the case for a nationalised bank – “the People’s Bank” – to address lacklustre competition in Australia’s banking industry, in his address to the National Press Club on Wednesday. The Greens leader argues the banking royal commission, and the housing affordability crisis all point to a system –

The post Fake Greens want a “people’s bank” appeared first on MacroBusiness.

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MacroBusiness Wednesday, April 4, 2018 - 06:36 Source

Via The Guardian: Richard Di Natale makes the case for a nationalised bank – “the People’s Bank” – to address lacklustre competition in Australia’s banking industry, in his address to the National Press Club on Wednesday. The Greens leader argues the banking royal commission, and the housing affordability crisis all point to a system –

The post Fake Greens want a “people’s bank” for cheap mortgages appeared first on MacroBusiness.

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Inside Story Wednesday, April 4, 2018 - 05:25 Source

Vladimir Putin’s decade-long campaign against the newer members of NATO and the European Union, and the former Soviet republics to Russia’s west, has brought territorial gains, huge domestic rewards and manageable external stresses. Given the size of the Western strategic community — “the global West,” as the independent Russian commentator, Kostya von Eggert has termed it — the seeming riskiness of Putin’s manoeuvres, and Russia’s slender and stagnating economic base, it’s remarkable how timid the international response has been.

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The Global Mail - Syndicated Stories Wednesday, April 4, 2018 - 03:40 Source

From the news Gone are the times when announcements from social media channels had an influence on cryptocurrencies. As we saw this past week, the announcement by Twitter and Snapchat that they are banning cryptocurrencies and ICO related advertisements kept […]

The post Weekly Cryptocurrency Price Analysis: Bitcoin, Ethereum, NEO, Bitcoin Cash and other major coins appeared first on The Global Mail.

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George Monbiot Wednesday, April 4, 2018 - 03:27 Source

Why loneliness afflicts us – and how we should address it, in words and music

A 20-minute video of a talk and concert by George Monbiot and Ewan McLennan, TEDxSouthampton, 23rd January 2017

 

 

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George Monbiot Wednesday, April 4, 2018 - 03:22 Source

How did neoliberalism happen and what do we do about it?

A one-hour video of a discussion with John Lanchester at the London Review Bookshop, 14th July 2016

 

 

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George Monbiot Wednesday, April 4, 2018 - 02:50 Source

Our multiple crises, and how we can escape them

A 1-hour video of George Monbiot speaking at Falmouth University, 17th March 2018

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George Monbiot Wednesday, April 4, 2018 - 02:44 Source

A new politics needs a new political narrative

A 13-minute video with George Monbiot for openDemocracy, 14th November 2017

 

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George Monbiot Wednesday, April 4, 2018 - 02:39 Source

Those who claim to defend the national interest are bent on its destruction

A 5-minute video with George Monbiot for Double Down News, 15th November 2017

 

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George Monbiot Wednesday, April 4, 2018 - 02:34 Source

Those who died in the Grenfell Tower fire were killed in an official war against public protections

A 4-minute video with George Monbiot by Double Down News, 11th July 2017

 

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George Monbiot Wednesday, April 4, 2018 - 02:25 Source

The extraordinary sequence of events that changed my diet

A 5-minute video with George Monbiot for Double Down News

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George Monbiot Wednesday, April 4, 2018 - 02:18 Source

What drives Donald Trump – and the rest of the psychopathic political class

A 5-minute video with George Monbiot, by Double Down News, 7th August 2017

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George Monbiot Wednesday, April 4, 2018 - 02:10 Source

If the Nobel Peace Prize means anything, it should be stripped from Aung San Suu Kyi for her complicity in the massacres in Myanmar/Burma

A 4-minute film with George Monbiot by Double Down News, 18th September 2017

 

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