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Renew Economy Tuesday, November 21, 2017 - 11:17 Source

ACCIONA has appointed Brett Wickham as the new Managing Director of its Australian energy business.

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MacroBusiness Tuesday, November 21, 2017 - 11:15 Source

And gets better coverage too. At the NYT: The book was already being promoted as an explosive exposé of Chinese influence infiltrating the highest levels of Australian politics and media. But then, months before it was set to hit bookstore shelves, its publisher postponed the release, saying it was worried about lawsuits. The decision this

The post China’s “silent invasion” of Australia goes global appeared first on MacroBusiness.

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MacroBusiness Tuesday, November 21, 2017 - 11:00 Source

By Leith van Onselen Since the 7-Eleven migrant worker scandal broke in 2015, there has been a regular flow of stories emerging about the systemic abuse of Australia’s various migrant worker programs and visa system. The issue culminated last year when the Senate Education and Employment References Committee released a scathing report entitled A National

The post International students, backpackers suffer widespread exploitation appeared first on MacroBusiness.

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MacroBusiness Tuesday, November 21, 2017 - 10:30 Source

By Leith van Onselen CoreLogic has released its September 2017 Mapping the Market Report, which examines how the cost of housing has shifted across Australia’s capital cities by suburbs over the past five years to June 2017. The report reveals a shocking decline in affordable family-friendly housing across the migrant hot spots of Sydney and

The post The shocking disappearance of Sydney/Melbourne affordable housing appeared first on MacroBusiness.

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Inside Story Tuesday, November 21, 2017 - 10:18 Source

No one saw this coming. Last Thursday, an opinion poll told us that Victoria’s Labor government would win the Northcote by-election with room to spare, by 54 per cent to 46 for the Greens. But two days later, the voters did the reverse, and gave the seat to the Greens in a landslide.

At every polling booth, there was a swing of at least 10 per cent against the Andrews government. The average swing at the booths was 16 per cent. While some of that was clawed back on postal and prepoll votes, by the end of the night, with only a few postals left to count, the government had lost the seat in a swing of 11.7 per cent.

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The Australian Independent Media Network Tuesday, November 21, 2017 - 10:04 Source

Reading the obituaries for Charlie, I can’t help but be amused at how they all present a fairly consistent message of the charismatic, cult leader who managed to bend people to his will with his hypnotic eyes. Strange then, that he never managed to get the record deal he craved. Surely he could have just…

The post The Charles Manson Variety Hour! appeared first on The AIM Network.

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Renew Economy Tuesday, November 21, 2017 - 10:03 Source

Spain is the latest example of governments intervening in power markets to prop up gas, coal and nuclear power, including capacity and “grid reliability” payments.

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Renew Economy Tuesday, November 21, 2017 - 10:00 Source

Conservatives says new report on battery storage is just "eco-evangelism". This is what chief scientist Alan Finkel said in response.

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MacroBusiness Tuesday, November 21, 2017 - 10:00 Source

Via AFR: The global head of energy at Acciona, the world’s biggest green utility, is undeterred by the uncertainty of Australia’s future energy and climate policy and is earmarking about $600 million for new solar, wind and storage plants over the next three to four years. Rafael Mateo said Australia would capture almost one third

The post March to renewables unstoppable appeared first on MacroBusiness.

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MacroBusiness Tuesday, November 21, 2017 - 10:00 Source

By Leith van Onselen This site has noted repeatedly that one of the key reasons why Australia’s high population growth (immigration) is lowering the living standards of existing residents is because of the strain that it places on infrastructure, which inevitably leads to more congestion on roads, public transport, as well as more expensive housing.

The post VIC Liberals propose another expensive infrastructure fix appeared first on MacroBusiness.

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MacroBusiness Tuesday, November 21, 2017 - 09:57 Source

Suck it up, Gottiboff. Bravo, just now. Housing – The importance of solid foundations WAYNE BYRES Chairman 21 November 2017 Keynote address at the Australian Securitisation Forum 2017, Sydney Good morning, and thank you to the ASF for the invitation to be part of this year’s conference. My APRA colleagues have made regular appearances at

The post APRA tightens lending standards again appeared first on MacroBusiness.

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Renew Economy Tuesday, November 21, 2017 - 09:54 Source

As part of a $48 million project, Ethtec aims to construct a $30 million purpose built pilot-scale facility based in the Hunter Valley in New South Wales.

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MacroBusiness Tuesday, November 21, 2017 - 09:54 Source

Via Bloomie: Australia’s dollar is set to fall to the weakest since the aftermath of the global financial crisis in 2009 as it loses its standing as a high-yielding currency, according to Morgan Stanley. The Aussie will drop to 67 US cents in 2018 before retreating further to 65 US cents in 2019 as the nation’s

The post Morgan Stanley: Australian dollar to crash to 65 cents appeared first on MacroBusiness.

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MacroBusiness Tuesday, November 21, 2017 - 09:45 Source

It’s all falling apart: Deputy Liberal leader Julie Bishop has urged an unnamed Coalition colleague who is reportedly intending to quit the Turnbull government when parliament returns to discuss his concerns with her or the Prime Minister. Sky News commentator Andrew Bolt reported last night that a Coalition MP has told him that he intends

The post Do-nothing Government disintegrates as secret MP threatens to quit appeared first on MacroBusiness.

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MacroBusiness Tuesday, November 21, 2017 - 09:35 Source

From Gottiboff today: It’s conventional to blame APRA and the regulators’ new rules but the credit squeeze motivation goes deeper and I think it is multiplied by a middle management confidence loss stemming from the looming retrenchments, the scandals and now building up to the real possibility of a Royal Commission. Not surprisingly, the bank

The post Gottiboff panics over improving lending standards appeared first on MacroBusiness.

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MacroBusiness Tuesday, November 21, 2017 - 09:30 Source

By Leith van Onselen The Australian’s Judith Sloan has re-entered the immigration debate today, destroying the flimsy arguments for mass immigration perpetuated by the boosters at the RBA and the Australian Treasury, as well as calling for a national discussion on whether Australian’s wants or need a ‘Big Australia’: Of course, having more people, say

The post Former Productivity Commissioner destroys immigration benefits appeared first on MacroBusiness.

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MacroBusiness Tuesday, November 21, 2017 - 09:00 Source

By Chris Becker Markets absorbed the news of Janet Yellen’s resignation overnight, somewhat because its just procedural as Trump’s nominee Jerome Powell will take over at the end of her tenure – but in the main because its likely her replacement will effect the same type of monetary policy. A small rebound in US stocks was overshadowed by

The post Macro Morning appeared first on MacroBusiness.

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The Australian Independent Media Network Tuesday, November 21, 2017 - 09:00 Source

Resisting the temptation to declare that this current period of so-called governance of the nation reads and performs like the script of a Grimm Brothers fairy tale, we have to admit … no … screw it! … it is like a fairy tale … a horrid fantasy where instead of the villains getting their just…

The post Once upon a time … appeared first on The AIM Network.

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MacroBusiness Tuesday, November 21, 2017 - 09:00 Source

Via BofAML today: Bull market in S&P500 would become the longest ever on August 22, 2018 (and the second biggest ever at 2863 on S&P500) Equities have only outperformed bonds for seven consecutive years on three occasions in the past 220 years (the last time was 1928 – Chart 1). The Big H1 Top  We

The post BofAML: Icarus trade to crash in six months appeared first on MacroBusiness.

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The Melbourne Urbanist Tuesday, November 21, 2017 - 08:52 Source

The promise by the Opposition in Victoria to grade-separate 55 congested intersections is likely to be politically appealing, but the case hasn’t been made it’s a sensible policy Is this underpass plan under-developed? Advertisements

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The Australian Independent Media Network Tuesday, November 21, 2017 - 08:00 Source

By Terence Mills Marriage equality campaigners have shown patience, goodwill and perseverance and whilst the first skirmish has been won the parliamentary battle remains; this offering is a look at the lighter side of some of the silliness. Kevin Andrews MP want to introduce changes to the Marriage Act that will allow businesses to discriminate…

The post Kevin’s World! appeared first on The AIM Network.

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Poll Bludger Tuesday, November 21, 2017 - 06:55 Source

Essential Research polls on early election prospects and the next stage of same-sex marriage, and records little change on voting intention.

The post Essential Research: 54-46 to Labor appeared first on The Poll Bludger.

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MacroBusiness Tuesday, November 21, 2017 - 06:18 Source

Via Domainfax: Fairfax Media spoke to a range of government MPs who were critical of the snap decision to cancel Parliament and questioned the political tactics of their own side. “It seems like panic. In this game you put on a brave face, you front up and present an air of confidence. This seems like

The post Idiot Turnbull succumbs to panic appeared first on MacroBusiness.

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MacroBusiness Tuesday, November 21, 2017 - 06:17 Source

Via The Australian: About 70 per cent of Greens voters in inner Melbourne are rich, dislike unions and think suburban people are backwards, ­racist and bigoted, Labor has concluded based on its own research. A six-month survey of Melbourne Greens voters has encouraged the Victorian Labor Party to give up on campaigning to most of

The post Greens voters total wankers, apparently appeared first on MacroBusiness.

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MacroBusiness Tuesday, November 21, 2017 - 06:03 Source

DXY was strong last night: AUD was weak against USD but better against a swooning EUR: AUD rebounded a touch against EMs: Gold was hammered: Brent soft: Base metals stable: Big miners too: EM stocks hit new highs: Junk is still wobbly: US yields scorched higher and the curve was smashed: Bunds are becalmed: Stocks

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The Australian Independent Media Network Tuesday, November 21, 2017 - 06:00 Source

Tuesday 21 November 2017 Whilst strictly this post is off the subject of politics it does address the issue of freedom of religion. In this instance I am questioning the validity of the virgin birth. Over the years I have lost a number of Facebook friends because of my rather radical views on Christianity and…

The post Day to Day Politics: Was Jesus Really Born of a Virgin? appeared first on The AIM Network.

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MacroBusiness Tuesday, November 21, 2017 - 05:35 Source

Michael Pettis is at the FT: China’s 19th Communist party congress ended last month with an indication that Xi Jinping’s new administration plans to rein in debt by abandoning the country’s long-term economic targets and allowing gross domestic product growth to fall. Typically, analysts assume that changes in reported GDP reflect movements in living standards

The post China launches massive shadow banking reform appeared first on MacroBusiness.

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North Coast Voices Tuesday, November 21, 2017 - 00:39 Source

On or about 23 October 2017 NSW Minister for maritime, Roads and Freight Melinda Pavey, along with Minister for Transport and Infrastructure Andrew Constance and Nationals MP for Coffs Harbour Andrew Fraser, jointly announced “An investigation into a new International Cruise Ship Terminal for the NSW mid North Coast will start as part of a future transport blueprint, with Coffs Harbour and Yamba identified as potential locations.”Within days Minister Pavey’s office told a Clarence Valley journalist that;

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North Coast Voices Tuesday, November 21, 2017 - 00:32 Source

The Australian, 14 November 2017:The NSW Environmental Defender’s Office has served irrigator and Nationals donor Peter Harris a summons demanding he return more than five billion litres of water he is alleged to have ­illegally taken from the Barwon-Darling River.The incidents of alleged water theft are the subject of ICAC, Ombudsman and Office of Water inquiries, which follow the standing down and resignation of former senior NSW water bureaucrat Gavin Hanlon.It h

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MacroBusiness Tuesday, November 21, 2017 - 00:27 Source

Property parasite Dick Wakelin has some advice for you today: So let’s have a reality check. In most capital cities, property prices have gone up in the last quarter, while Sydney prices fell just 0.6 per cent, according to CoreLogic. And this is occurring in the second half of the year, a period when the

The post Dick Wakelin demands you buy property right now appeared first on MacroBusiness.

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