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Oz Blog News Commentary
Renew Economy Wednesday, November 20, 2019 - 15:35 Source

Leading utility Origin Energy has revealed it is contemplating five different big battery storage projects in four different states, as an early feasibility study for an expanded pumped hydro project indicated higher-than-expected costs. Origin, in its annual investor day briefing for analysts in Sydney, said battery storage was being considered as an addition and co-location...

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Renew Economy Wednesday, November 20, 2019 - 15:29 Source

Australian billionaires back early funding for "world's largest" solar project, and the 3000km cable that will link it to customers in Singapore.

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Renew Economy Wednesday, November 20, 2019 - 15:14 Source

A meat processing plant generating electricity from waste water, a company transforming landfill into fuel and a global geoscience data competition accelerating the process of mineral discovery are just some of the innovative projects recognised in this year’s Premier Awards.

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Renew Economy Wednesday, November 20, 2019 - 15:13 Source

Renewable energy sector calls on COAG meeting to reject AEMC's proposed rules, saying they will prop up fossil fuels.

The post Renewable investors fear new AEMC rules will prop up fossil fuels appeared first on RenewEconomy.

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MacroBusiness Wednesday, November 20, 2019 - 14:40 Source

The Teranet-National Bank House Price Index for October has been released, which shows that Canadian house prices fell by 0.1% across the 11 major markets, with annual growth improving to 1.0%: However, prices in Vancouver rebounded, rising by 0.2% in October to be down 6.2% since peaking in July 2018. The Real Estate Board of

The post Vancouver house prices rebounding appeared first on MacroBusiness.

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MacroBusiness Wednesday, November 20, 2019 - 14:20 Source

Pity the quiet Australians, via Crikey: The Morrison government is on the cusp of passing a controversial bill that it promises will crackdown on union militancy. In reality, it could spell the end of workplace strikes. Under the Ensuring Integrity Bill, unions and their officials could receive demerit points for breaking existing laws. Enough points, and

The post Scummo union integrity bill really about crushing wages appeared first on MacroBusiness.

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Renew Economy Wednesday, November 20, 2019 - 14:13 Source

EDL hybrid plant solar biogas - optimisedEDL launches first stage of hybrid micro-grid project that will integrate solar, wind and battery storage to power remote gold mine in WA.

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Renew Economy Wednesday, November 20, 2019 - 14:11 Source

More than 150 local, national and international business and industry leaders attended Queensland’s first regionally based Hydrogen Industry Forum in Townsville today.

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MacroBusiness Wednesday, November 20, 2019 - 14:00 Source

You’ve got to love the powers that be. Their arrgoant disregard for standards of living, for the wishes of the people, for simple economic sense, via Domain: A new blueprint for the NSW economy predicts the state’s annual output will hit $1 trillion by the end of next decade and reach $2 trillion by around

The post NSW launches economic blueprint to nowhere appeared first on MacroBusiness.

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MacroBusiness Wednesday, November 20, 2019 - 13:40 Source

Economist Gerard Minack has warned that the huge rise in labour supply from mass immigration is holding down Australian wages: Gerard Minack, an economist and principal at Minack Associates, said when compared with the boomer generation, the economic choices of recent generations are much more limited. “Well, young Australians are facing a hell of a

The post Gerard Minack: Mass immigration killing wages appeared first on MacroBusiness.

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The Australian Independent Media Network Wednesday, November 20, 2019 - 13:36 Source

Sex, the late Gore Vidal astutely observed, is politics, and not merely from the vantage point of those who wish to police it. In the case of whistleblowers, claims of aberrant, unlawful sex serves the purpose of diminishing credibility, tarring and feathering the individual and furnishing a distraction. Forget what was disclosed; focus, instead, on…

The post Dropped Investigations: Julian Assange, Sex and Sweden appeared first on The AIM Network.

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Renew Economy Wednesday, November 20, 2019 - 13:28 Source

New reports from market operator and the market regulator point to changing shape of the grid, lower emissions and falling costs - partly driven by growth of rooftop solar.

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MacroBusiness Wednesday, November 20, 2019 - 13:20 Source

The private health insurance death spiral rolls on, with the percentage of Australians in private health insurance continuing to plummet: There is no good news for private health insurers in the quarterly health Insurance statistics released today. The headline number – the proportion of the population insured – continues to decline and most of the

The post Private health insurers continue to haemorrhage members appeared first on MacroBusiness.

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Renew Economy Wednesday, November 20, 2019 - 13:17 Source

chart emissions increase power station coal stacksBloomberg's Michael Liebreich points to the killer graph that makes new investment in coal generators almost impossible.

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MacroBusiness Wednesday, November 20, 2019 - 13:00 Source

With Australia’s population ballooning on the back of mass immigration, and projected to add around 360,000 people a year until 2066: And Sydney’s population projected to nearly double to 9.6 million people over the next 48 years: Water bills are set to rise as demand overruns supply: Sydney Water has submitted a revised submission to

The post Water bills to soar as population overruns supply appeared first on MacroBusiness.

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MacroBusiness Wednesday, November 20, 2019 - 12:40 Source

Via CNBC: China is heavily exposed to the U.S. dollar, but now, with the risk of “decoupling,” Beijing is silently diversifying its reserves to reduce its dependence on the world’s largest reserve currency, analysts say. Ongoing trade tensions with the U.S. has “increased the risk of a financial decoupling” between the two largest economies, ANZ

The post China to declare trade war on Europe and vice versa appeared first on MacroBusiness.

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MacroBusiness Wednesday, November 20, 2019 - 12:35 Source

First it was the US Congress, via Reuters: The U.S. Senate, in a unanimous vote, passed legislation on Tuesday aimed at protecting human rights in Hong Kong amid China’s crackdown on a pro-democracy protest movement that has gripped the vital financial center for months. Following the voice vote by senators, the “Hong Kong Human Rights

The post Australian dollar hit as US/China war of words erupts over Hong Kong appeared first on MacroBusiness.

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MacroBusiness Wednesday, November 20, 2019 - 12:20 Source

The latest scheduled review of Australia’s anti-money laundering (AML) laws by the global Financial Action Taskforce (FATF) has been cancelled, with Australia given free rein to continue laundering money through property. Via Michael West: Most of the major international money laundering schemes that have been uncovered rely on lawyers, accountants or real estate agents. After

The post Australia given free rein to launder money into property appeared first on MacroBusiness.

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MacroBusiness Wednesday, November 20, 2019 - 12:00 Source

New research by the Australian Institute’s Centre for Future Work, commissioned by Industry Super Australia, claims that wages have generally increased at a higher rate in years when the superannuation guarantee rate has also risen. The Australia Institute’s report also warns that shelving the legislated increase in the super guarantee is likely to result in

The post Let Productivity Commission decide if superannuation robs wages appeared first on MacroBusiness.

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MacroBusiness Wednesday, November 20, 2019 - 11:40 Source

Via FTAlphaville: Over the years bitcoin has frequently been touted as a “safe haven”. It’s an idea that seemingly doesn’t to want to die, despite the fact that its pretty much the most volatile things you can get your hands on and there’s been a stream of thefts and hacks worth hundreds of millions of dollars from exchanges and

The post Is Bitcoin a safe haven for everything? appeared first on MacroBusiness.

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MacroBusiness Wednesday, November 20, 2019 - 11:20 Source

New modelling from a group of academics from the University of New South Wales (UNSW) suggests that Australia’s mass immigration policy is making Australians poorer and raising inequality: We modelled four development scenarios for Australia through to 2030: “Growth at all Costs”, emphasising economic growth “Green Economy”, emphasising environmental outcomes “Inclusive Growth”, emphasising social equality

The post New modelling: Mass immigration makes Aussies poorer appeared first on MacroBusiness.

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MacroBusiness Wednesday, November 20, 2019 - 11:14 Source

Via LMIP: Unemployment to keep on rising and wages to keep on falling. Go Recessionberg.

The post Skilled vacancies drain away appeared first on MacroBusiness.

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THE BLOT REPORT Wednesday, November 20, 2019 - 11:09 Source

Not content with
losing his contract with Rugby Australia and Rugby New South Wales because of
his hateful tweet about homosexuals being condemned to hell unless they repent1,
now the buffoonish Israel Folau has said that the timing of the current round
of bushfires was not a coincidence. He stated, in his often confusing way, at
Kenthurst church: “Look how rapid these bushfires, these droughts, all these
things have come in a short period of time. You think it is a coincidence or
not? … They have changed that law and legalised same-sex marriage and now those

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MacroBusiness Wednesday, November 20, 2019 - 11:00 Source

Via The Australian: As much as $1.35bn in wages are underpaid each year according to new estimates that underline the risk to business from moves to criminalise so-called wage theft and amplify calls for an overhaul of the awards system to reduce complexity. Estimates from accounting firm PwC suggest underpayment affects as much as 21

The post Wage theft bill passes $1.35bn appeared first on MacroBusiness.

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MacroBusiness Wednesday, November 20, 2019 - 10:46 Source

Via Bill Evans at Westpac: • The six month annualised growth rate in the Westpac– Melbourne Institute Leading Index, which indicates the likely pace of economic activity relative to trend three to nine months into the future, lifted from –1.01% in September to –0.91% in October. Despite a slight improvement in the month, the Leading

The post Australian leading index remains cratered appeared first on MacroBusiness.

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MacroBusiness Wednesday, November 20, 2019 - 10:40 Source

From the RBA sock puppet, Terry McCrann, today: The Reserve Bank did not “seriously ponder” a “shock” Cup Day rate cut — as some have interpreted, or rather misinterpreted, the minutes of that meeting. This is not just about getting ‘yesterday right’; it is even more important about not building in a misunderstanding of what

The post Sockpuppet: RBA no “lock” for more cuts appeared first on MacroBusiness.

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MacroBusiness Wednesday, November 20, 2019 - 10:20 Source

Good stuff here from HSBC: The only other game changer I can see would be a major European fiscal stimulus that, so far, is not coming.

The post HSBC: Stick with the US dollar appeared first on MacroBusiness.

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MacroBusiness Wednesday, November 20, 2019 - 10:00 Source

Via WSJ: Over the weekend, China’s Harbin Bank said it was now under government control. That comes months after Chinese authorities seized control of another small lender, Baoshang Bank, and state institutions took stakes in a third, Bank of Jinzhou. Bank runs have erupted elsewhere. Several other lenders have yet to file 2018 annual reports,

The post Why are Chinese banks suddenly failing? appeared first on MacroBusiness.

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Renew Economy Wednesday, November 20, 2019 - 09:48 Source

World’s largest “green” hydrogen production facility begins operation at a steel mill in Austria, where it seeks to demonstrate that fossil fuels can be replaced for industrial uses.

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MacroBusiness Wednesday, November 20, 2019 - 09:40 Source

Via the AFR: Scott Morrison has all but slammed the door on fast-tracked tax cuts or other ”panicked reactions” in next month’s mid-year budget update, saying the government has already injected $9.5 billion of near-term stimulus into the economy since the May election. Under external pressure to do more to stimulate the economy than he

The post Scummo rules out stimulus appeared first on MacroBusiness.

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