Boxing Day Links 2013

Reynard_Santa

Links are lite today as quite a lot of the world is still celebrating Christmas, the OZ media were asleep yesterday and I’m suffering from a bad case of PCBGA. That’s “post-Christmas buffet gorging agony”. Yep, serious first world problems.

Global/Macro

Australia & New Zealand

Europe

Asia

Americas

Other/Interesting


Latest posts by __ADAM__ (see all)

Comments

  1. And here I was hoping that it was going to be John Howard or David Flint. I guess the decision is not yet finalised so there’s still some hope.

    http://www.theaustralian.com.au/national-affairs/peter-cosgrove-to-be-governorgeneral/story-fn59niix-1226789821832#

    GENERAL Peter Cosgrove is set to become the next governor-general of Australia, the formal announcement of the appointment of the popular former chief of the defence force expected late next month.

    The decision to make the former commander of the East Timor forces the governor-general from March to serve a five-year term during the centenary of World War I and the 1915 Anzac landing at Gallipoli has been taken but not finalised.

    The recommendation has not yet been sent to Buckingham Palace for approval.

  2. This one’s a corker!

    http://m.scmp.com/news/china-insider/article/1389717/dog-could-run-chinas-banking-system-says-former-state-council

    ““Banking in China has become like a highway toll system,” Yao Jingyuan said at a Saturday summit on China’s economy held at Nanjing University. “Banks charge every time money goes through them.

    “With this kind of operational model, banks will continue making money even if all the bank presidents go home to sleep and you replaced them by putting a small dog in their seats.”

  3. A nice little reminder that a serious increase in the supply of residential land (including vertical subdivisions) is unlikely to come from densification.

    http://www.smh.com.au/nsw/urban-renewal-hits-roadblock-20131226-2zy5h.html

    People become quite feral even if the proposal is modest – say allowing 10-15 storey apartments within a 1.5 km ring around an existing railway station. They will scare off developers with red tape and costs that will mean anything built will remain expensive.

    Of course most of the most feral anti- development suburbs are chock full of middle class grandees conservative and ‘ progressve’ who like the way the cost of land erects an effective gateless barrier around their quaint heavily renovated former working class streets.

    With sensible financing models for new development (utility bonds repaid from higher rates on the developed land) the simplest solution is to massively expand the land that can be developed for new housing. Of course protect the important stuff like space for parks, transport corridors and perhaps some agricultural space but otherwise let the city grow outwards.

    If sprawl is your beef then get on the phone to your polly and tell them you oppose population growth (and the NIMBYs declaring every brick erected before WW2 a sacred site)