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Renew Economy Wednesday, September 19, 2018 - 18:18 Source

Iconic VW Kombi made popular in the 70s by hippies and travelers is getting a makeover and being reborn as the all-electric I.D. Buzz.

The post Electric Kombi will create a buzz for VW fans, due in 2022 appeared first on RenewEconomy.

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MacroBusiness Wednesday, September 19, 2018 - 17:01 Source

The Bank of Japan kept guidance and its policy intact today at the latest meeting, with no negative impact on Yen or stocks, as the rest of Asia continue the risk on mood from overnight markets. While the Yuan appreciated slightly offshore today against USD, the new round of tariffs has not filtered through to

The post Macro Afternoon appeared first on MacroBusiness.

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Renew Economy Wednesday, September 19, 2018 - 16:09 Source

Audi unveils the e-tron, the all-electric SUV that signals the start of the German auto brands shift to battery powered vehicles.

The post Audi unveils its e-tron electric SUV, and it’s coming to Australia appeared first on RenewEconomy.

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Renew Economy Wednesday, September 19, 2018 - 14:46 Source

First concrete poured at site of one of Australia’s biggest, and lowest cost, wind energy developments – the 530MW Stockyard Hill Wind Farm in western Victoria.

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Your Democracy Wednesday, September 19, 2018 - 14:19 Source
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Renew Economy Wednesday, September 19, 2018 - 14:13 Source

The first and largest of its kind in the world, the Canberra Virtual Power Plant project solves grid challenges that arise from wholesale market volatility, peaks in demand and generation, and poor power quality. 

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MacroBusiness Wednesday, September 19, 2018 - 13:33 Source

Kind of. The Australian dollar is up and away as China’s Li Keqiang makes soothing noises today: Aussie bonds are getting hosed. The short end even threatening to break out. Great buying for mine: ASX is up modestly: Dalian too: It’s all about dirt as markets shift to incorporate more Chinese stimulus. Big Iron is

The post Markets shift to trade war boom for Australia appeared first on MacroBusiness.

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Renew Economy Wednesday, September 19, 2018 - 13:31 Source

Five years to the day after the Coalition won office, it still has no climate and energy policy, except for a fig leaf and a green army slogan. And it is actually boasting that this is a good thing.

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MacroBusiness Wednesday, September 19, 2018 - 13:30 Source

By Leith van Onselen Fairfax’s Ross Gittins has penned an excellent article today lamenting the neoliberal obsession with transferring the provision of public services to private providers: A key part of the era of what we used to call “micro-economic reform” has been to take services formerly provided by governments – and sometimes charities –

The post Gittins: Marketisation of public services has failed appeared first on MacroBusiness.

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The Australian Independent Media Network Wednesday, September 19, 2018 - 13:24 Source

By Brian Morris Australia has already been described as a ‘soft theocracy’.  The question is, despite the public showing less religiosity, will a more overtly Christian PM subvert the nation’s preference for secular values? Australia has continued to move steadily towards progressive policy – most notably to finally legalise same-sex marriage last year.  But that came…

The post PM steps up religious crusade appeared first on The AIM Network.

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MacroBusiness Wednesday, September 19, 2018 - 13:13 Source

Via S&P: Australian prime home loan arrears rose year on year in July but remained unchanged month on month, according to a recently published report from S&P Global Ratings. The Standard & Poor’s Performance Index (SPIN) for Australian prime mortgages, which has been steady at 1.38% since May, was up from 1.17% a year earlier.

The post S&P mortgage arrears still climbing appeared first on MacroBusiness.

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MacroBusiness Wednesday, September 19, 2018 - 13:00 Source

By Leith van Onselen Late last year, The SMH reported on the dire situation facing Australia’s university graduates, whereby there were 22 graduates fighting for every graduate job: Across Australia, about 22 university graduates are competing for every new graduate position and many will need to settle for low-paying entry roles “just to get their

The post Teaching standards plummet as Unis vacuum up the great unwashed appeared first on MacroBusiness.

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MacroBusiness Wednesday, September 19, 2018 - 12:55 Source

Excellent stuff from Damien Boey at Credit Suisse today: Has Assistant Governor Kent discovered religion? No. RBA Assistant Governor Kent has just delivered a speech on money creation. The primary purpose of his speech is to dispel the myth that the growing gap between bank loan growth and deposit growth explains or predicts the rise

The post Hapless RBA “at a loss” to explain Australia’s little financial crisis appeared first on MacroBusiness.

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MacroBusiness Wednesday, September 19, 2018 - 12:30 Source

By Leith van Onselen In June last year, the Australian Senate cross-bench voted with the Turnbull Government to pass its $23.5 billion ‘Gonski 2.0″ needs-based schools funding bill. In the lead-up to the Senate vote on Gonski-2.0, several education experts voiced their opposition to Labor’s original flawed Gonski model, urging reform. These included: the Grattan

The post Coalition to pork-barrel Catholic schools appeared first on MacroBusiness.

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MacroBusiness Wednesday, September 19, 2018 - 11:55 Source

Via an increasingly hysterical Ambrose Evans-Pritchard today: If Donald Trump and his close advisers think China’s economy is tottering on the brink and acutely vulnerable to pressure, they are sorely misinformed. …Construction is picking up after a slowdown earlier this year. Industrial profit margins are at a seven-year high of 7 per cent, despite a

The post Evans-Pritchard develops Trump derangement syndrome appeared first on MacroBusiness.

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MacroBusiness Wednesday, September 19, 2018 - 11:16 Source

Via 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, fell from 0.5% in July to -0.02% in August. The growth rate in the Index has been volatile through 2018 but appears to

The post Australian leading index falls away appeared first on MacroBusiness.

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MacroBusiness Wednesday, September 19, 2018 - 11:15 Source

By Leith van Onselen Already under fire from the union movement for passing the Trans-Pacific Partnership (TPP) trade agreement because of its deleterious impact on Australian workers, some Labor MP are also in open revolt. From The Herald-Sun: Minutes of a heated meeting of federal Labor MPs last week have been leaked, revealing widespread internal

The post Labor divides on TPP appeared first on MacroBusiness.

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MacroBusiness Wednesday, September 19, 2018 - 11:12 Source

Via DEEWR: A slightly better month but the trend has definitely falttened out.

The post DEEWR skilled vacancies have stalled appeared first on MacroBusiness.

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MacroBusiness Wednesday, September 19, 2018 - 11:00 Source

By Leith van Onselen In the wake of the massive cost blow-outs and delays hitting both the Parramatta Light Rail Project and the Eastern Suburbs Light Rail Project, the former head of Infrastructure NSW, Paul Broad, in June described the Eastern Suburbs Light Rail Project as a waste of money and a vanity project that should have never been

The post Sydney Light rail farce to worsen traffic congestion appeared first on MacroBusiness.

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Renew Economy Wednesday, September 19, 2018 - 10:50 Source

Europe's hot summer, and added solar capacity, saw records tumble.

The post Solar power enjoys a record-breaking summer in Europe appeared first on RenewEconomy.

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MacroBusiness Wednesday, September 19, 2018 - 10:45 Source

By Leith van Onselen Our Property Council Prime Minister, Scott Morrison, has recommenced his scare campaign against Labor’s promised negative gearing and capital gains tax reforms, describing them as a “sledgehammer” that would “crash” the housing market. From News.com.au: “The risk is this,” the Prime Minister said. “If you now take the sledgehammer of negative

The post PM Property Council: Labor’s negative gearing reform will “crash” market appeared first on MacroBusiness.

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Renew Economy Wednesday, September 19, 2018 - 10:36 Source

Solar overtakes brown coal to be second biggest contributor to the main grid in the middle of the day, and keeps a lid on prices.

The post Solar overtakes brown coal in mid-day power, and keeps prices down appeared first on RenewEconomy.

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MacroBusiness Wednesday, September 19, 2018 - 10:30 Source

You tell me, via Domainfax: Capital Economics chief economist Paul Dales explains, the savings rate tends to be affected by movements in household wealth. The chart shows that as wealth rises, we tend to save less – known as the “wealth effect.” “When household wealth is going up because the housing market is improving, the

The post Are household savings about to rise? appeared first on MacroBusiness.

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Renew Economy Wednesday, September 19, 2018 - 10:22 Source

Further cooperation confirms success of strategic focus on service maintenance.

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MacroBusiness Wednesday, September 19, 2018 - 10:15 Source

By Gareth Aird, Senior Economist at CBA Key Points: Australian residential property prices have fallen over the past nine months. Further declines appear likely over the next year due to softer credit growth, a continued lift in apartment supply, less foreign demand and more rational price expectations from would-be buyers. We retain our view, however,

The post CBA: Why house prices will continue to fall appeared first on MacroBusiness.

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MacroBusiness Wednesday, September 19, 2018 - 10:00 Source

By Leith van Onselen Acadata has released its latest house price results for the UK, which shows that values in London are rebounding after a period of price falls. However, in real inflation-adjusted terms, property values are still declining across the UK: Monthly prices rose modestly in August. They were up just 0.1%, but it

The post London housing posts weak recovery appeared first on MacroBusiness.

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MacroBusiness Wednesday, September 19, 2018 - 09:45 Source

Mr North removes himself from the crucifix.

The post Martin North deconstructs 60 Minutes housing crash porn appeared first on MacroBusiness.

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MacroBusiness Wednesday, September 19, 2018 - 09:30 Source

Via The Australian comes Queensland Energy Minister Anthony Lynham: “We stand ready to work with a federal Labor government on integrated climate and energy policy that will give investors certainty and drive down electricity prices,” he said. …Dr Lynham claimed there was “nothing but chaos and confusion” emerging from the Morrison government on energy policy

The post Labor humiliates Morrison energy “chaos” appeared first on MacroBusiness.

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MacroBusiness Wednesday, September 19, 2018 - 09:15 Source

Just in case you’re still wondering whether or not Labor is going to win the federal election next May, via the AFR: Murdoch met with Seven West proprietor Kerry Stokes and implied the very opposite. “Malcolm has got to go,” he told the Perth billionaire. Stokes, whose interests extend well beyond media into mining services

The post Murdoch anoints Shorten appeared first on MacroBusiness.

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MacroBusiness Wednesday, September 19, 2018 - 09:00 Source

Iron ore prices for September 18, 2018: No change. Down into Q4.

The post Daily iron ore price update (meh) appeared first on MacroBusiness.

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