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The Australian Independent Media Network Monday, January 20, 2020 - 18:21 Source

NSW Environment Minister, Matt Kean, recently suggested that some federal Liberals are pushing for more action on reducing emissions and arguing that we shouldn’t be using carryover credits from Kyoto. When Scott Morrison was asked about these comments he told us, “Matt Kean doesn’t know what he’s talking about, he doesn’t know what’s going on…

The post Scott Morrison Commits His Cabinet To Meeting And Beating Matt Kean appeared first on The AIM Network.

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Your Democracy Monday, January 20, 2020 - 16:52 Source

not about sport...   Scott Morrison and Josh Frydenberg personally announced sports grants under the controversial $100m program overseen by Bridget McKenzie – with Morrison even boasting the program “isn’t about sport” but rather “community” while unveiling a $200,000 grant in his electorate.

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MacroBusiness Monday, January 20, 2020 - 16:30 Source

Asian stock markets are creeping ever higher, lifting by the megabullish sentiment on Wall Street from Friday night with more record highs and new yearly highs the order of the day. Chinese stocks have diverted in fortune again with the goosed Shanghai Composite lifting nearly 0.5% to almost start the week back above the 3100

The post Macro Afternoon appeared first on MacroBusiness.

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George Monbiot Monday, January 20, 2020 - 16:00 Source

This proposed
new law would make us strangers in our own nation, by criminalising trespass.

By George
Monbiot, published in the Guardian 15th January 2020

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Renew Economy Monday, January 20, 2020 - 15:51 Source

Record customer participation in demand response cuts risk of blackouts and delivers more than half a million dollars to savvy households, new data shows.

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Renew Economy Monday, January 20, 2020 - 15:16 Source

Scott Morrison Ace GuttersMorrison misrepresents Federal emissions targets and renewables investment while trying to chastise NSW energy minister Matt Kean over climate.

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The Australian Independent Media Network Monday, January 20, 2020 - 15:08 Source

By RosemaryJ36   It is just over 45 years since Cyclone Tracy virtually destroyed Darwin. It was the event which put Darwin on the map for many Australians and the place looked like it had been hit by an atomic bomb! I am writing from memory and others who experienced the event may have very different…

The post Cyclone Tracy: a disaster in another time appeared first on The AIM Network.

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Renew Economy Monday, January 20, 2020 - 14:23 Source

Construction imminent for Lacour Energy’s 800MW Clarke Creek wind farm in central Queensland, with inaugural community consultative committee meeting held last week.

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MacroBusiness Monday, January 20, 2020 - 14:00 Source

A bunch of forecasts have been released predicting strong house price growth, driven by Sydney and Melbourne. First, global realtor Savills expects Sydney’s high-end market to lead the world in house price growth in 2020: Savills predicted Sydney’s prime market will grow between 6 and 7.9 per cent, putting it in the top band of

The post “Very strong” growth tipped for Aussie housing market appeared first on MacroBusiness.

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MacroBusiness Monday, January 20, 2020 - 13:40 Source

Thursday’s housing lending data from the Australian Bureau of Statistics revealed that mortgages for the construction of new homes dived to the lowest level since 2012, as illustrated below: According to the Housing Industry Association (HIA): “The weakness in construction lending in November is largely a legacy of the very soft sales volumes that home

The post Construction mortgages lowest since 2012 appeared first on MacroBusiness.

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Renew Economy Monday, January 20, 2020 - 13:22 Source

Renewable microgrid specialist begins early works on two new 5MW solar farms in South Australia, in continued focus on smaller grid-connected PV projects.

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MacroBusiness Monday, January 20, 2020 - 13:20 Source

Oxfam has released new data claiming that Australia’s richest 1% of Australians have more than double the wealth of the entire bottom 50%: Oxfam Australia Chief Executive Lyn Morgain said the top 1 per cent of Australians, just 250,000 people, owned a staggering nearly USD $1.6 trillion – equating to 22.2 per cent of the

The post Australia’s richest 1% have double the wealth of bottom 50% appeared first on MacroBusiness.

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MacroBusiness Monday, January 20, 2020 - 13:00 Source

George Savvides, former head of Medibank, warns that the mass exodus of younger Australians from private health insurance will drive-up premiums and place much more pressure on the public health system in the future: George Savvides, Medibank’s chief executive for 14 years until 2016, has warned an exodus of young people from the private system

The post Private health insurers panic as young Aussies exit appeared first on MacroBusiness.

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MacroBusiness Monday, January 20, 2020 - 12:40 Source

The Economist has published an article on the West’s “horrible housing blunder”, which pins the blame for unaffordable housing well and truly on supply-side constraints, combined with inefficient demand-side subsidies: At the root of that failure is a lack of building, especially near the thriving cities in which jobs are plentiful. From Sydney to Sydenham,

The post The Economist does the housing affordability disaster appeared first on MacroBusiness.

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MacroBusiness Monday, January 20, 2020 - 12:20 Source

Following last year’s federal election, the Morrison Government commissioned a review of the National Disability Insurance Service (NDIS) and the way it is managed by the National Disability Insurance Agency (NDIA). This report has now been released publicly and includes 29 recommendations on how to improve the program — including extending the life of funding

The post NDIS “bogged down in red tape and bureaucracy” appeared first on MacroBusiness.

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Renew Economy Monday, January 20, 2020 - 12:19 Source

Rooftop solar nearly caught wind energy at start of 2020, as low futures prices mark debut of the New Year.

The post Know your NEM: Rooftop solar catches wind in slow, but low priced start to 2020 appeared first on RenewEconomy.

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MacroBusiness Monday, January 20, 2020 - 12:00 Source

Research by Australian National University (ANU) associate professor, Geoff Warren, has warned that lifting Australia’s superannuation guarantee from the current 9.5% to 12% will hurt lower-income earners – a claim rejected by industry rent-seekers: MP Jason Falinski… said the ANU findings added to evidence that the scheduled rise was not in the best interests of

The post 12% superannuation will punish lower income earners appeared first on MacroBusiness.

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MacroBusiness Monday, January 20, 2020 - 11:40 Source

Via the AFR: Competition chief Rod Sims has warned gas producers on the east coast that he expects them to lower prices to customers, to eliminate what appears to be an unreasonable gap between what they are paying and slumping international tariffs. Mr Sims said the further softening in international gas prices, as measured by

The post Great gas robbery charges Aussies triple agreed rates appeared first on MacroBusiness.

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Renew Economy Monday, January 20, 2020 - 11:36 Source

German government, utilities and key mining states agree on coal phase out, although environmental groups say the plan is too slow.

The post German government, mining states, and utilities fix path for coal exit appeared first on RenewEconomy.

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Renew Economy Monday, January 20, 2020 - 11:22 Source

windlab acquisition acquire collgar wind farm - optimisedFederation Asset Management makes bid to acquire all remaining shares in Windlab, which has experienced delays in two of its key renewable energy projects,

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MacroBusiness Monday, January 20, 2020 - 11:20 Source

Data from the Housing Industry Association shows that the median housing lot in Australia is now 441.2sq m, compared with the traditional quarter-acre block of 1,000sq m. The rising cost of residential land is also prompting more people to opt for high-density living, with apartments now accounting for 30% new housing developments. Demographer Bernard Salt

The post Aussies aren’t “choosing to live in apartments”. They are forced to. appeared first on MacroBusiness.

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MacroBusiness Monday, January 20, 2020 - 11:00 Source

Which is rapidly evolving into some kind of feel good talisman, at Domain: Amid almost daily complaints from industry about skyrocketing electricity costs, out dropped an announcement recently so counter to the dominant news flow that it seemed beyond belief. Yet there it was in the business pages: Australian software billionaire Mike Cannon-Brookes and iron

The post A question for Sun Cable appeared first on MacroBusiness.

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xkcd.com Monday, January 20, 2020 - 11:00 Source

 'Thanks for unsubscribing and helping us pare this list down to reliable supporters.'

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MacroBusiness Monday, January 20, 2020 - 10:40 Source

Via Bloomie: The S&P/ASX 200 index has jumped 5.4% this year, besting all equity benchmarks in the developed world, according to data compiled by Bloomberg. Optimism over the U.S.-China trade deal, coupled with lower-for-longer interest rates and the potential for further cuts are helping the gauge extend gains following 2019’s best-in-a-decade surge. It is ludicrous on any fundmental basis

The post Enjoy the harmless Aussie stock bubble while it lasts appeared first on MacroBusiness.

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MacroBusiness Monday, January 20, 2020 - 10:20 Source

He’s an Albotross around Labor’s neck, via the AFR: Labor leader Anthony Albanese has admitted it was a “mistake” to take the 45 per cent emissions reduction target to last year’s federal election, indicating Labor would reduce the target. Mr Albanese said that while Labor wanted “ambitious” targets, the plan to cut emissions by 45

The post Bird strike! Albotross crash lands on climate change appeared first on MacroBusiness.

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MacroBusiness Monday, January 20, 2020 - 10:00 Source

Via the AFR: The Morrison government will announce on Monday a tripling in the size of cheap loans and grants for any small businesses hit by the bushfires, in a move that will put pressure on the thinning budget surplus. The decision could blow emergency funding out beyond the extra $2 billion announced for the disaster a

The post Another trickle of bushfire fiscal relief appeared first on MacroBusiness.

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MacroBusiness Monday, January 20, 2020 - 09:40 Source

With Sydney’s water storages in free fall at 42.6%, and plummeting at a rate that far exceeds the Millennium Drought: And Greater Sydney’s population ballooning by around 1,700 people a week on the back of never-ending mass immigration: A plan has been hatched to divert scarce water resources from Sydney’s main Warragamba Dam to the

The post Sydney water shuffles deck chairs on population Titanic appeared first on MacroBusiness.

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MacroBusiness Monday, January 20, 2020 - 09:30 Source

From SUL just now: Nasty for BCF anf MacPac as the bush burns but otherwise not bad.

The post Super Retail warns on burning retail appeared first on MacroBusiness.

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MacroBusiness Monday, January 20, 2020 - 09:20 Source

Via The Australian comes some bad news: The Morrison government has announced a $76 million tourism recovery package aimed at halting an alarming decline in international bookings in the wake of Australia’s bushfire crisis. Minister for Trade, Tourism and Investment Simon Birmingham said with bookings from key international markets down by as much as 30

The post International tourism goes up in smoke appeared first on MacroBusiness.

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MacroBusiness Monday, January 20, 2020 - 09:00 Source

Iron ore prices for January 17. 2020: Spot up. Paper up. Steel the same. This is the last week before Chinese New Year which should mark short terms price peaks. However, I do not expect more serious weakness before heading into Q2.

The post Daily iron ore price update (Lunar New Year) appeared first on MacroBusiness.

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