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The Australian Independent Media Network Wednesday, May 22, 2019 - 17:51 Source

By RosemaryJ36   Because people make a lot of money and end up as billionaires does not guarantee that they are honest, truth-telling individuals. Sadly! There are numerous links on Google, of which this is one, which tell us quite clearly that major oil companies (aided and abetted by all other fossil fuel companies) have totally pulled…

The post Climate emergency appeared first on The AIM Network.

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The Australian Independent Media Network Wednesday, May 22, 2019 - 16:00 Source

By Dr George Venturini    A cast of characters: The Monarchy Most Australians ‘believe’ that Queen Elizabeth II is a figure head with virtually no political or financial power. Nothing could be farther from the truth. As the present head of the Windsor Dynasty, she is the sovereign head of state of the United Kingdom and…

The post A cast of characters: The Monarchy (part 1) appeared first on The AIM Network.

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MacroBusiness Wednesday, May 22, 2019 - 15:30 Source

So far its been a neutral day for risk markets here in Asia as traders weigh up the potential volatility around the ongoing trade war between the US and China while locally a slew of bad economic news has firmed expectations of a rate cut by the RBA as the Australian dollar remains depressed agianst

The post Macro Afternoon appeared first on MacroBusiness.

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Renew Economy Wednesday, May 22, 2019 - 15:14 Source

The Queensland Government and Adani have issued eachother new deadlines as both seek to expitite coal mine approvals

The post Qld Govt, Adani, tripping over themselves to approve Carmichael coal mine appeared first on RenewEconomy.

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Renew Economy Wednesday, May 22, 2019 - 15:01 Source

Network operator Ausgrid seeking proposals to expand its virtual power plant, targeting the estimated 5,000 batteries within its network and help defray investment costs.

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MacroBusiness Wednesday, May 22, 2019 - 14:49 Source

From the New Daily: Anthony Albanese is set to be elected unopposed as Labor leader with Queenslander Jim Chalmers as his deputy as Chris Bowen prepares to pull out of the ballot. The New Daily has confirmed that challenger Chris Bowen is likely to pull out of the race before the ballot proceeds. The decision

The post Chris Bowen quits Labor leadership race appeared first on MacroBusiness.

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MacroBusiness Wednesday, May 22, 2019 - 14:45 Source

For you wonderful members. We’re near launching a new site with upgraded comments section and membership management. Same old design so don’t get too excited. Here’s the link if you’d like have a play around. It would be helpful if you check that your membership works! Note that as a beta site it won’t retain

The post Trial the new MB beta site appeared first on MacroBusiness.

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MacroBusiness Wednesday, May 22, 2019 - 14:30 Source

Via Martin North: We ran the latest live Q&A session last night. One highlight was our updated scenarios. With the trade wars in play, the election results, RBA comments and APRA’s latest, the relative weighting for the scenarios have changed. Cash rates have been reduced, and bank losses adjusted. Of course we have yet to

The post Martin North maintains the bearish property rage appeared first on MacroBusiness.

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The Australian Independent Media Network Wednesday, May 22, 2019 - 14:26 Source

“It is a strange coincidence that in the same years, in which Labor was creating beyond the Canberra Bubble, a work to last for decades, there was enacted in LNP headquarters one of the most extravagant political farces that were ever produced upon the stage of Australia’s history. The usurper “regents of the commonwealth” did…

The post A Strange Coincidence appeared first on The AIM Network.

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MacroBusiness Wednesday, May 22, 2019 - 14:15 Source

Nobody else is going to say it so I had better. MB is the ONLY economic forecaster in the market over the last three years to get the interest rate outlook right. Nobody else saw rates continuing to fall. Only MB never wavered that the next move would be down. Now everybody has fallen in

The post Golden Turd award for interest rate forecasting goes to… appeared first on MacroBusiness.

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MacroBusiness Wednesday, May 22, 2019 - 14:00 Source

Via Chris Joye today: The widespread media consensus that Prime Minister Scott Morrison has “no agenda” is crap. Most critics do not see the agenda because they are projecting their own political prejudices. ScoMo’s agenda is about empowering individual exertion, aspiration and productivity through lower taxes, smaller government, balanced budgets and investments in infrastructure, education,

The post Joye fastened to ScoMo property teat appeared first on MacroBusiness.

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MacroBusiness Wednesday, May 22, 2019 - 13:45 Source

Here is the untold story of how Australia saved ANZUS, via Reuters: In early 2018, in a complex of low-rise buildings in the Australian capital, a team of government hackers was engaging in a destructive digital war game. The operatives – agents of the Australian Signals Directorate, the nation’s top-secret eavesdropping agency – had been

The post How Australia saved ANZUS from the CPC appeared first on MacroBusiness.

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Renew Economy Wednesday, May 22, 2019 - 13:43 Source

As Albanese emerges as favourite to take Labor leadership, the future of its climate policy will be a contest between pragmatism and ambition.

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Renew Economy Wednesday, May 22, 2019 - 13:43 Source

The Labor leadership contest shapes up as a battle for the future of climate policy and as contest between pragmatism and ambition.

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MacroBusiness Wednesday, May 22, 2019 - 13:35 Source

Dalian iron ore still marching higher: Via Reuters: Steel mills have been operating at low inventory levels and only purchasing hand-to-mouth from ports due to high raw material prices. Market estimated that average iron ore stocks at mills have fallen to around 20 days of use, down from normal inventory levels of 30 days. Ore

The post Iron ore primed to shock upwards? appeared first on MacroBusiness.

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MacroBusiness Wednesday, May 22, 2019 - 13:30 Source

By Leith van Onselen Victorian Premier, Dan Andrews, is under assault on multiple fronts for refusing to allow the Morrison Government to build the controversial East-West Link, which was dumped by Andrews after the 2014 State Election. Federal Treasurer Josh Frydenberg has urged the Victorian Government to approve the East West Link toll road project,

The post Dan Andrews under intense pressure to approve East-West Link appeared first on MacroBusiness.

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MacroBusiness Wednesday, May 22, 2019 - 13:15 Source

Oh no, at the NYT: The Trump administration is considering limits to a Chinese video surveillance giant’s ability to buy American technology, people familiar with the matter said, the latest attempt to counter Beijing’s global economic ambitions. The move would effectively place the company, Hikvision, on a United States blacklist. It also would mark the

The post Darwin reeling as US to ban Chinese surveillance tech appeared first on MacroBusiness.

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Your Democracy Wednesday, May 22, 2019 - 13:02 Source

"Tax cuts, tax cuts, vote me in"said Scomo with a boyish grinHip pocket nerves Australia-widetwitched with predictabilityThree days after ScoMo glory

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MacroBusiness Wednesday, May 22, 2019 - 13:00 Source

By Leith van Onselen A cabal of speculators that acquired swathes of land on Sydney’s lower north shore, in the anticipation of making a motza once the rezoned for high-rise development, are now sweating on State Government approval. From The Brisbane Times: Developers who have taken a half-billion-dollar gamble on the rezoning of suburban properties

The post Planning racket exposed as Sydney land speculators gamble on re-zoning appeared first on MacroBusiness.

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The Piping Shrike Wednesday, May 22, 2019 - 12:55 Source
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THE BLOT REPORT Wednesday, May 22, 2019 - 12:45 Source

The post David Frum quote appeared first on THE BLOT REPORT.

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MacroBusiness Wednesday, May 22, 2019 - 12:37 Source

Via Bloomie: Bank of America Corp. sees the Japanese yen strengthening as investors flee risky assets, and has recommended an associated euro-yen trade. Goldman Sachs Group Inc. warns that currencies from the euro to South Africa’s rand and Chile’s peso could be in the firing line. And Westpac Banking Corp. sees bonds as a safe

The post Westpac: Australian dollar smashed if trade war worsens appeared first on MacroBusiness.

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MacroBusiness Wednesday, May 22, 2019 - 12:30 Source

By Leith van Onselen We already know that Melbourne has experienced insane levels of population growth over the past 14 years, driven by mass immigration: And that the lion’s share of this population growth has taken place in the outer suburbs of the city: Last year, Infrastructure Australia reported that 1.4 million people in the

The post Melbourne’s migrant class war drives economic apartheid appeared first on MacroBusiness.

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MacroBusiness Wednesday, May 22, 2019 - 12:15 Source

The Hayne Royal Commission is quickly disappearing in the rear view mirror, with Treasurer Josh Frydenberg meeting with senior APRA officials to craft the government’s response. From SBS News: Mr Frydenberg met with Australian Prudential Regulatory Authority deputy chairs Helen Rowell and John Lonsdale in Sydney, just days after the Morrison government was returned to

The post Frydenberg colludes with APRA to water down Hayne appeared first on MacroBusiness.

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MacroBusiness Wednesday, May 22, 2019 - 12:00 Source

Boom! At the ABC: Billionaire apartment developer Harry Triguboff could not hide his delight at the prospect of an interest rate cut in June and the re-elected Morrison Government’s planned help for first home buyers. The Reserve Bank has given its strongest hint yet that interest rates will fall, almost certainly at its June meeting.

The post Highrise Harry ends discounts appeared first on MacroBusiness.

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MacroBusiness Wednesday, May 22, 2019 - 11:50 Source

By Leith van Onselen The ABS has released data on the value of construction work done for the March quarter of 2019, which registered another 1.9% seasonally-adjusted decline in total construction activity over the quarter and a 6.0% decrease over the year: The result badly missed analysts’ expectations of no change (0.0% growth) in construction

The post Australian construction activity fell again in Q1 appeared first on MacroBusiness.

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MacroBusiness Wednesday, May 22, 2019 - 11:45 Source

Over the past year there has an ongoing debate about Australia’s little financial crisis. It was the dramatic widening of bank-to-bank funding costs. Coats starting falling as the Hayne Royal Commission wound up. Westpac explained the spread compression then by observing an abundance of cash: Is the lack of a March “turn” a sign of things

The post So now we know what kills Aussie banks: sunlight appeared first on MacroBusiness.

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Renew Economy Wednesday, May 22, 2019 - 11:31 Source

Gold miner GBM Gold plans 60MW solar farm, including a floating solar element, on old evaporation ponds near Bendigo.

The post Bendigo gold miner plans 60MW solar farm on old evaporation ponds appeared first on RenewEconomy.

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MacroBusiness Wednesday, May 22, 2019 - 11:30 Source

Chris Bowen via Domain today: “We need to remind ourselves how to talk to the base, which is not inner city,” Bowen says in an interview. “If you look at the election, wealthy areas swung to us and poorer areas swung away from us. “When you consider our agenda was fairly redistributive, that’s pretty extraordinary.

The post Latham gets the last laugh appeared first on MacroBusiness.

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MacroBusiness Wednesday, May 22, 2019 - 11:24 Source

DEEWR fades away:

The post DEEWR skilled vacancies disappear appeared first on MacroBusiness.

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