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MacroBusiness Tuesday, September 22, 2020 - 15:30 Source

From CBA’s head of Australian economics, Gareth Aird: RBA Deputy Governor Guy Debelle listed four ‘other’ options to ease monetary policy further: (i) purchase bonds further out on the curve (supplementing the three year yield target); (ii) foreign exchange intervention; (iii) cut the current structure of interest rates in the economy without going negative; and (iv) negative rates. Purchasing

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Renew Economy Tuesday, September 22, 2020 - 15:18 Source

Federal Energy Minister Angus Taylor at the National Press Club. AAP Image/Lukas CochThe Coalition's latest energy policy labelled a 'roadmap to nowhere', after sidelining wind and solar and failing to set a post-2030 emissions target.

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Renew Economy Tuesday, September 22, 2020 - 15:09 Source

Free webinar following Battery Day and Australia's Technology Roadmap to look at policy opportunities for EVs for consumers, technology providers and authorities.

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Renew Economy Tuesday, September 22, 2020 - 15:04 Source

Tesla Giga 2Two more Tesla experts give insight into what Battery Day could bring, with focus on larger, longer battery cells that could lift range and bring down costs.

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MacroBusiness Tuesday, September 22, 2020 - 14:40 Source

Yep, he’s missing the empathy gene. At the ABC: An Australian family stranded in London have expressed frustration their pet dog and cat have already arrived in Sydney while they are still stuck overseas. The Fotheringhams have been in the UK for the past two and a half years and were in the process of

The post ScoMo the Impaler flies pets home as Aussies wait appeared first on MacroBusiness.

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Renew Economy Tuesday, September 22, 2020 - 14:36 Source

acciona solar farm panels queensland-2State-owned CleanCo signs 10-year deal to power more than 90% of Coles' Queensland sites from July 2022 via two of the state's biggest renewable energy projects.

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MacroBusiness Tuesday, September 22, 2020 - 14:20 Source

The Australian Federation of Travel Agents has urged the federal and state governments to provide targeted assistance for the industry, which has been amongst the hardest hit by the COVID-19 pandemic. Travel agents qualify for financial hardship assistance if their turnover has fallen by 30%, but many have experienced a decline of 90% or more.

The post Travel agents demand taxpayer bailout appeared first on MacroBusiness.

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MacroBusiness Tuesday, September 22, 2020 - 14:00 Source

Great stuff from the PLA today: What, no more retro posters?

The post Top Gun! Watch as China obliterates Guam appeared first on MacroBusiness.

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Renew Economy Tuesday, September 22, 2020 - 13:54 Source

GE's newly upgraded Haliade-X units will be used for 3.6GW Dogger Bank project off the UK coast, marking first time a 13MW turbine is installed.
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MacroBusiness Tuesday, September 22, 2020 - 13:40 Source

Yep. Via Fitch: Fitch Ratings has maintained the Negative Outlook on the ratings of Australia’s four largest banks to reflect the downside risk to its base case; the four banks are Australia and New Zealand Banking Group Limited (ANZ, A+/Negative/a+), Commonwealth Bank of Australia (CBA, A+/Negative/a+), National Australia Bank Limited (NAB, A+/Negative/a+) and Westpac Banking

The post Fitch: Aussie banks remain on downgrade watch appeared first on MacroBusiness.

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MacroBusiness Tuesday, September 22, 2020 - 13:20 Source

The mask has slipped and the reason Australia has had such high immigration rates has been revealed: The Property Council has called on the Federal Government to extend its successful HomeBuilder stimulus program for new housing construction for a further six months to July 2021. The Property Council has also recommended a ‘Welcome to Australia’

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MacroBusiness Tuesday, September 22, 2020 - 13:00 Source

Via North West Strategy: After the early surge in the activity post the lifting of initial nationwide lockdowns, the Australian economic growth recovery has been mixed since the resurgence of cases and fresh lockdown in Victoria. However, the COVID situation has now improved in Victoria and case growth has slowed down, setting the stage for

The post Australian dollar to 90 cents? appeared first on MacroBusiness.

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MacroBusiness Tuesday, September 22, 2020 - 12:40 Source

The Australian Bureau of Statistics (ABS) has released its Weekly Payroll Jobs and Wages in Australia survey, which reveals that the number of payroll jobs remains 4.5% lower than pre-COVID levels, whereas total wages are down 4.3%: Key statistics Between the week ending 14 March 2020 (the week Australia recorded its 100th confirmed COVID-19 case) and

The post ABS: Payroll jobs still down 4.5% from pre-COVID level appeared first on MacroBusiness.

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MacroBusiness Tuesday, September 22, 2020 - 12:20 Source

What a great idea. Via Domain: The founder of a global coalition of MPs is pushing for the International Olympic Committee to reconsider Beijing’s hosting of the 2022 Winter Games as politicians around the world voice increasing concerns over China’s human rights record. The move paves the way for a worldwide alliance between human rights

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MacroBusiness Tuesday, September 22, 2020 - 12:20 Source

Historically low interest rates and government incentives are prompting more first-home buyers (FHBs) to enter the housing market. However, according to Robert Gottliebsen, renewed talk of reintroducing death taxes will sap the confidence of FHBs: After lying dormant for many years, death taxes are suddenly re-entering the speculative arena. And so to treasurer Josh Frydenberg

The post Gottiboff: Death taxes would sap first home buyer confidence appeared first on MacroBusiness.

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Renew Economy Tuesday, September 22, 2020 - 12:18 Source

ARENA angus taylor hydrogen CEDA event Fed 2020 sydney - optimisedCCS, clean hydrogen, steel and aluminium amongst the winners to be prioritised under the Technology Roadmap launched by Angus Taylor.

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MacroBusiness Tuesday, September 22, 2020 - 12:00 Source

Victoria recorded 28 new COVID-19 infections overnight, a significant rebound from yesterday’s multi-month low of 11. However, it recorded only 3 deaths.   The 14-day trend, which is what the Victorian Government is looking at in order to ease Melbourne’s restrictions, has fallen to 32.8: NSW recorded only 2 new COVID-19 infections, with the trend

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Renew Economy Tuesday, September 22, 2020 - 11:48 Source

European Union Flags near European Commission - optimised"We owe it to our children and grandchildren." European Commission raises EU emissions reduction target from 40% to 55%, requiring huge increase in renewables.

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MacroBusiness Tuesday, September 22, 2020 - 11:40 Source

MB usually has a pretty good view of, Adam Creighton. His economics are usually well-grounded and, over time, he’s woken up to the scourge of mass immigration. But his record of pro-virus rants cannot go unmentioned. More today: The aim of such blunt policies, enacted contrary to advice and without empirical support, has steadily shifted

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MacroBusiness Tuesday, September 22, 2020 - 11:21 Source

The Australian dollar is down a little after the Loon spake: Stupidly, the Aussie curve is still steepening: XJO is rolling into a swan dive. A retest of 2020 lows at the headline level is big call from here but support in the low-5000s looks attractive: Big Iron is off to the woodshed: Big Gas

The post ASX bath of blood spills over in retest of 2020 lows appeared first on MacroBusiness.

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MacroBusiness Tuesday, September 22, 2020 - 11:20 Source

Amendments to the Corporations and Bankruptcy Acts – including the relaxation of insolvent trading laws for six months – have delayed business insolvencies and related personal bankruptcies during the COVID-19 crisis. These rules, alongside massive emergency income support and debt repayment deferrals, have seen personal insolvencies plunge to record low levels: Whereas the number of

The post Brace for a tsunami of insolvencies appeared first on MacroBusiness.

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MacroBusiness Tuesday, September 22, 2020 - 11:20 Source

From Deptuy Chief Lunatic, Guy Debelle: The Australian Economy and Monetary Policy My talk today will cover three topics. First I will provide a perspective on the historic decline in output that both the Australian and global economies have experienced and discuss the current state of the economy. Second I will explain how the monetary

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The Australian Independent Media Network Tuesday, September 22, 2020 - 11:12 Source

By William Olson   The Australian Council of Trade Unions (ACTU) and leaders from three of its affiliated unions banded together on Monday to call for a reform package for the beleaguered aged care sector to be adopted, ratified and legislated in favour of, to the Morrison government for anytime in the near future. The Australian…

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Renew Economy Tuesday, September 22, 2020 - 11:04 Source

Genex secures site for 50MW/75MWh big battery in Queensland after securing a land access deal with network company Powerlink.

The post Genex secures network deal for Queensland big battery appeared first on RenewEconomy.

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MacroBusiness Tuesday, September 22, 2020 - 11:00 Source

A recent report from the Centre for Future Work showed that enrolments in apprenticeships and traineeships have collapsed since 2012, and projected a further 30% drop in new apprenticeships (with 130,000 fewer positions) resulting from the COVID-19 pandemic to 2023: The report also showed that government Vocational Education and Training (VET) spending has languished far

The post The long, painful death of TAFE appeared first on MacroBusiness.

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Renew Economy Tuesday, September 22, 2020 - 10:58 Source

Plans to develop of massive offshore wind energy islands in northern European receive boost as climate targets tightened.

The post Europe eyes massive offshore wind “energy islands” for next phase of transition appeared first on RenewEconomy.

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MacroBusiness Tuesday, September 22, 2020 - 10:40 Source

It is great shame that Greg Jericho is such a hypocritic about mass immigration because otherwise, his analysis is often excellent: The August labour force figures surprised everyone – unemployment was expected to rise given the Melbourne lockdown, and yet it fell. And while this is good news, a dig into the figures reveals that

The post The Aussie jobs market is NOT strong appeared first on MacroBusiness.

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MacroBusiness Tuesday, September 22, 2020 - 10:20 Source

APRA has published its early superannuation release data for the week ended 13 September, which revealed that only $340 million was withdrawn from Australia’s superannuation system, taking the total amount withdrawn early to $33.3 billion: According to APRA: Over the week to 13 September, superannuation funds made payments to 46,000 members, bringing the total number

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Renew Economy Tuesday, September 22, 2020 - 10:16 Source

Hawaiian Islands utility will end the use of coal power generation and replace it with another 300MW of solar PV and almost 2GWh of energy storage. 

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Renew Economy Tuesday, September 22, 2020 - 10:10 Source

Scott Morrison Angus TaylorThe federal government energy and climate policy has turned into complete farce.

The post Money talks, BS walks: It’s global comedy hour, with a special Australian segment appeared first on RenewEconomy.

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