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politicalowl
Saturday, December 23, 2017 - 15:39
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The Australian Independent Media Network
Saturday, December 23, 2017 - 09:31
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Here is a “story” to tide you over for Chrissy.I hope you enjoy it … ‘aveagoodone! There is innocence in childhood that has the capacity to reduce a complex situation to the simplest of solutions. It has its own shining beauty in that it need not be corrected, nor adjudicated upon … just to be… The post A Box of Spoons appeared first on The AIM Network. |
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The Australian Independent Media Network
Saturday, December 23, 2017 - 06:00
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Saturday 23 December 2017 1 Author’s note: John Ford is a Facebook friend who posted this a few days ago: “Let me explain how trickle down economics works.” I have expanded on them for this post. Recently the Australian Treasure, Scott Morrison, spoke about the benefits of lowering tax rates. He is not alone there.… The post Day to Day Politics: “Let me explain how trickle down economics works.” No bullshit. appeared first on The AIM Network. |
North Coast Voices
Saturday, December 23, 2017 - 00:16
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“When we have obtained emails in the course of our ongoing criminal investigation, we have secured either the account owner’s consent or appropriate criminal process” [US DoJ Special Counsel’s Office spokesperson, Peter Carr speaking about Trump Transition Team emails, in Slate on 17 December 2017] |
North Coast Voices
Saturday, December 23, 2017 - 00:15
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MacroBusiness
Saturday, December 23, 2017 - 00:01
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Global Macro / Markets / Investing: Bloomberg: Goldman Sachs to Setup Cryptocurrency Trading Desk – Coin Telegraph Goldman Sachs to set up cryptocurrency trading desk: Bloomberg – Reuters What Makes a Job Vulnerable to AI Automation? – VICE Who Will Bear the Brunt of Automation? – The Atlantic Now You Can Literally Get Fucked by The post Weekend Reading: 23-24 December 2017 appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
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Inside Story
Friday, December 22, 2017 - 21:35
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Much of the English-language reporting of German politics since the September national election has centred on two claims: that Germany is adrift without a government, and that the country has lurched to the right. It’s true that a new government is yet to be formed, and it’s unarguable that the far-right populist Alternative für Deutschland, or AfD, won seats in the Bundestag. But that doesn’t mean that either of those broader claims is correct. |
The Australian Independent Media Network
Friday, December 22, 2017 - 19:14
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It was something of a clanger for the ride hailing service that has made authorities across the globe sceptical and stroppy. Uber has lobbied, cajoled, and bullied its way into the transport markets of the globe, while still claiming to be a humble, facilitating technology company. The legal team at Uber has, at times, been… The post Normalising Uber: The CJEU Ruling appeared first on The AIM Network. |
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John Quiggin
Friday, December 22, 2017 - 17:08
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A plug for a recent paper: one of my Twitter followers asked for a non-technical explanation, so here it is. |
MacroBusiness
Friday, December 22, 2017 - 15:01
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Merry Christmas MB readers and thank you for another interesting year. Here’s our schedule over the Christmas break and January 2018: Mon 25th Dec – 2nd January links only. Tues 3rd January to 5th January full posting by Chris Becker with support from Damien Klassen. Mon 8th January to 12th January full posting by Leith The post MB over the Christmas break appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
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MacroBusiness
Friday, December 22, 2017 - 13:14
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By Leith van Onselen After his superb recent demolition of treasurer Scott Morrison over Australia’s mass immigration ‘Big Australia’ policy (video above), the ABC’s Carrington Clarke has followed-up today with a superb article explaining how flooding the labour market through mass immigration is eroding workers’ wages: The Treasurer has a new favourite mantra — “1,000 The post Carrington Clarke: mass immigration policy undercutting wages appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
John Quiggin
Friday, December 22, 2017 - 13:11
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I’ve had plenty of disagreements with Andrew Norton about education policy. But I couldn’t write a better response to the government’s decision to end open access to university education for young Australians than this one. So, I’ll just link to it and open comments. |
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Inside Story
Friday, December 22, 2017 - 12:18
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It’s been an off-balance year in politics, here and elsewhere, but the Trump presidency remains the biggest show on earth. The great political question for the coming year is whether — lurching from scandal to scandal, interspersed with tweeted threats of nuclear war — it will survive. |
xkcd.com
Friday, December 22, 2017 - 11:00
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MacroBusiness
Friday, December 22, 2017 - 10:30
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Cross-posted from The Conversation: Australia is falling behind other nations and international bodies in measuring inequality, particularly the concentration of wealth. This also means we are in the dark about the trends affecting Australia’s middle class. The main source of local data is the Australian Bureau of Statistics (ABS), which publishes a Survey of Income The post Australia’s wealth inequality data is badly lacking appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
MacroBusiness
Friday, December 22, 2017 - 10:00
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By Leith van Onselen For more than a decade, the Productivity Commission (PC) has debunked the common myth that immigration can overcome population ageing. For example: PC (2005): “Despite popular thinking to the contrary, immigration policy is also not a feasible countermeasure [to an ageing population]. It affects population numbers more than the age structure”. The post RBA debunks ageing population alarmism appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
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MacroBusiness
Friday, December 22, 2017 - 09:02
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US markets continued grinding higher overnight, most of the news was about the tax cuts. Ray Dalio (who runs Bridgewater, one of the world’s largest macro funds) posted his thoughts on the tax cuts – largely echoing my thoughts from yesterday: When we look at the tax plan holistically, it looks to me like it’s The post That’s not an infrastructure problem, THIS is an infrastructure problem appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
MacroBusiness
Friday, December 22, 2017 - 08:50
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Iron ore price charts for December 20, 2017: Spot flat. All futures up as steel prices bounced back from two-week lows. Here’s some useful commentary from Hellenic Shipping News: “Some mills are buying depending on their weekly demand, there’s no rush,” said a trader in China’s southeastern Shandong province, on the current appetite for iron The post Daily iron ore update (Futures bounce) appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
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MacroBusiness
Friday, December 22, 2017 - 08:42
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By Leith van Onselen The Nick Xenophon Team’s Stirling Griff believes the Turnbull Government should focus on personal income tax cuts rather than extending company tax cuts to businesses with turnover of more than $50 million. Senator Griff says implementing the Government’s full enterprise tax plan would be “fiscally irresponsible” and the economic benefits are The post Crossbench still opposed to company tax cuts appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
MacroBusiness
Friday, December 22, 2017 - 08:01
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By Leith van Onselen The Australian’s Adam Creighton has written a ripper article today on the damage caused by the Basel capital adequacy accord, which Creighton argues has sown the seeds of financial crises across the globe: During the Basel Committee’s almost 30 years of deliberation — the first version of the Basel rules emerged The post Creighton: Basel capital rules have caused financial systems serious harm appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
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MacroBusiness
Friday, December 22, 2017 - 07:30
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I posted on Wednesday Dick Smith’s challenge to multi-billionaire, ‘Highrise’ Harry Triguboff, to give some of his $11-plus billion fortune to charity (read transcript here). Dick Smith has also appeared on A Current Affair, where he upped the ante on Highrise Harry: Good onya Dick. Highrise Harry has been a prime financial beneficiary of the The post More on Dick Smith’s challenge to multi-billionaire Harry Triguboff appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
The Australian Independent Media Network
Friday, December 22, 2017 - 06:02
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Friday 22 December 2017 Only a devious government with a “need to know” mentality tries to desperately hide news that is detrimental to it. Mind you, with this particular news they do it every year. I speak of the figures relating to our greenhouse gas emissions. This year the Turnbull government decided to try to… The post Day to Day Politics: A gift of lies before Christmas. But that’s Turnbull for you. appeared first on The AIM Network. |
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MacroBusiness
Friday, December 22, 2017 - 00:30
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By Leith van Onselen After Melbourne’s population surged by an insane 556,000 in the five years to 2016, and by 1.1 million people over the past 12 years: We learnt in October that the Victorian Government has been forced to remove seating from trains to accommodate surging passenger growth. Now, a Monash University study has The post Melbourne comfronts sardine-packed future from ‘Big Australia’ policy appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
MacroBusiness
Friday, December 22, 2017 - 00:20
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By Leith van Onselen The Australian Bureau of Statistics (ABS) yesterday released its quarterly labour force report, which breaks-down employment at the industry level to November 2017. Below are some key charts, which present the changes in employment aggregates on a trend basis. First, the quarterly change in employment by industry: As you can see, The post The rise and rise of Australia’s bedpan economy appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
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North Coast Voices
Friday, December 22, 2017 - 00:16
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North Coast Voices
Friday, December 22, 2017 - 00:15
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As of 30 June 2017 approximately 515,437 debtors owed the NSW State Debt Recovery Office a whopping $839,762,236 as a result of 2,524,845 fines being generated.The nature of these fines range from penalty notices (e.g. |
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MacroBusiness
Friday, December 22, 2017 - 00:12
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By Leith van Onselen The deflation of Sydney’s housing market has continued for the 15th consecutive week, with CoreLogic’s dwelling values index registering another 0.40% decline, with values down a cumulative 2.3% over that 15-week period, and dwelling values also down 2.2% over the past 20 weeks: Sydney’s quarterly growth rate continues to turn negative, The post Sydney home prices fall for 15th consecutive week, losses accelerate appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
MacroBusiness
Friday, December 22, 2017 - 00:10
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By Leith van Onselen In the week ended 21 December 2017, the CoreLogic 5-city daily dwelling price index, which covers the five major capital city markets, fell another 0.24% – the 10th consecutive week of decline: Values fell across the three biggest capitals and were flat elsewhere: So far in December, home values have declined The post CoreLogic weekly Australian house price update appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
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MacroBusiness
Friday, December 22, 2017 - 00:01
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Global Macro / Markets / Investing: The creator of $17 billion cryptocurrency litecoin has sold his entire stake – Business Insider Bitcoin freeze as insider trading probed – BBC The Global Bond Market Is Having a Lousy Year-End – Bloomberg Intangible assets are changing investment – The Economist The bond market begins to figure things The post Links 22 December 2017 appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
The Australian Independent Media Network
Thursday, December 21, 2017 - 21:10
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“If we want things to stay as they are, things will have to change” says Tancredi, the young nephew of Fabrizio, the Sicilian prince and central character of “The Leopard” … a very influential book by Giuseppe de Lampedusa. Tancredi is an opportunist who understands what he needs to do to climb the social ladder… The post The Leopard is dead appeared first on The AIM Network. |
