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Renew Economy Tuesday, July 16, 2019 - 17:56 Source

New report says electric vehicles vital for a renewables-based and decarbonised grid in Great Britain, with vehicle-to-grid charging playing a critical role for flexibility.

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MacroBusiness Tuesday, July 16, 2019 - 17:02 Source

Stocks in Asia are mixed again with the return of Japanese stocks as the USD gains strength against most of the major currencies, particularly Yen, although Kiwi keeps on as its CPI print comes in as expected. The Shanghai Composite continues its slow start to the week, falling 0.2% going into the close, currently at 2934

The post Macro Afternoon appeared first on MacroBusiness.

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Renew Economy Tuesday, July 16, 2019 - 15:50 Source

trafficNational Grid's Future Energy Scenarios report outlines five “Pathways to 2050”, including zero carbon and 2°C options.

The post UK’s National Grid says net zero carbon “achievable” by 2050 appeared first on RenewEconomy.

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Renew Economy Tuesday, July 16, 2019 - 15:42 Source

Morgan Stanley says global transition to a new energy world is gaining momentum, driven by savvy consumers and increasingly cheaper and smarter technology. But can Australia keep up?

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Renew Economy Tuesday, July 16, 2019 - 15:36 Source

Perth-based company inks deal to produce key component of transparent solar glass technology in established PV factory in Taiwan.

The post ClearVue boosts solar glass plans with Taiwan manufacturing deal appeared first on RenewEconomy.

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Renew Economy Tuesday, July 16, 2019 - 15:21 Source

Australian startup that has developed world-first acoustic listening device for monitoring the health of wind turbines has raised AU$850,000 to support commercialisation.

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MacroBusiness Tuesday, July 16, 2019 - 14:15 Source

Via Bill Evans at Westpac: The minutes of the July monetary policy meeting of the Reserve Bank Board confirm that the Board is still open to further monetary easing, although as we had expected, prospects for a third consecutive easing in August have been dampened. The best way to assess the likelihood of a move

The post Bill Evans: RBA to pause cuts appeared first on MacroBusiness.

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MacroBusiness Tuesday, July 16, 2019 - 14:01 Source

At a certain point the corruption of your nation has gone too far and this is it, via the ABC: Two Australian universities are reviewing funding and research approval procedures due to concerns over links to technology that is being used to carry out mass human rights abuses by the Chinese Government in Xinjiang province.

The post Aussie unis profit from China’s 1.5m political prisoners appeared first on MacroBusiness.

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MacroBusiness Tuesday, July 16, 2019 - 14:00 Source

JMG Building Surveyors CEO John Massey has urged Prime Minister Scott Morrison to resolve what he says is a national crisis concerning professional indemnity insurance. Massey notes that insurance companies are offering private building certifiers coverage with exclusions for cladding and other dangerous materials, but that companies such as his cannot operate without being fully

The post Building sector “could collapse” from insurance crisis appeared first on MacroBusiness.

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The Australian Independent Media Network Tuesday, July 16, 2019 - 13:49 Source

The Adani conglomerate should be best described as a bloated gangster, promising the earth even as it mines it. Like other corporate thugs of such disposition, it will do things within, and if necessary outside, the regulatory framework it encounters. Where necessary, it will libel detractors and bribe critics, speak of a fictional number of…

The post Corporate Gangster: Adani’s Pursuit of Scientists appeared first on The AIM Network.

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MacroBusiness Tuesday, July 16, 2019 - 13:30 Source

The rank hypocrisy displayed by former Greens leader, Bob Brown, over his opposition to the proposed Robbins Island wind farm in Tasmania has mushroomed, with Brown likening the project to poker machines. From SBS News: Former Greens leader Bob Brown has defended his opposition to a proposed wind farm in Tasmania’s north west, comparing the

The post NIMBY Bob Brown jerks Tassie wind farm pokie lever appeared first on MacroBusiness.

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MacroBusiness Tuesday, July 16, 2019 - 13:15 Source

Via ANZ at the AFR today: “We have revised our forecasts and now expect prices to bottom out in coming months and rise modestly through to the end of 2019, before gaining around 3 per cent in 2020,” ANZ said. …banks now get to use the set their own “floor” rate to test a borrower’s

The post ANZ: Property to boom 3% in 2020 appeared first on MacroBusiness.

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Renew Economy Tuesday, July 16, 2019 - 13:02 Source

opposition wind farm crookwell maurice newman with tony abbott - optimisedAnti-renewables advocate Maurice Newman revives some outdated myths about wind farms as he fights the Crookwell 3 development near one of his properties.

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MacroBusiness Tuesday, July 16, 2019 - 13:00 Source

The Grattan Institute has released a new working paper, entitled The history and purposes of private health insurance, which forecasts an ‘exodus’ of young and healthy people from the private health system leaving private health insurers struggling to cope with older, sicker patients. This leaves the industry in need of desperate reform: Australia’s private health

The post Private health insurance facing “death spiral” as young’uns exit appeared first on MacroBusiness.

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MacroBusiness Tuesday, July 16, 2019 - 12:45 Source

Via PIMCO today: “Following a pause since early 2018, the cold currency war that has been waging between the world’s major trading blocs for more than five years has been flaring up again.” “Moreover, even an escalation to a full-blown currency war with direct intervention by the U.S. and other major governments/central banks to weaken

The post Is the Lunatic RBA ready for another round of currency wars? appeared first on MacroBusiness.

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MacroBusiness Tuesday, July 16, 2019 - 12:30 Source

The Executive Connection’s latest survey of CEOs shows that more than 37% expect their employees to receive no pay rise in 2019, or at best an increase of no more than 2%. A third of respondents expect pay rises of 2-3%, and 14% expect wages to increase by at least 4%. Meanwhile, two-thirds of CEOs

The post CEOs to workers: Don’t expect pay rises appeared first on MacroBusiness.

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MacroBusiness Tuesday, July 16, 2019 - 12:00 Source

June rantings from the Lunatic: International Economic Conditions Members commenced their discussion by noting that growth in the global economy had remained moderate over preceding months. Global trade and manufacturing activity had slowed over the preceding year. Trade tensions had remained elevated, although no new measures had been introduced since the previous meeting. In China,

The post Lunatic RBA: Rate cut for spending not speculation appeared first on MacroBusiness.

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Renew Economy Tuesday, July 16, 2019 - 11:48 Source

Wind and solar are lowering wholesale electricity prices by at least $11/MWh, but storage is needed to remove the upw

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MacroBusiness Tuesday, July 16, 2019 - 11:45 Source

National Seniors Australia (NSA) has reacted angrily to the federal governments changes to the pension deeming rate, accusing the government of having its “hands in pensioners’ pockets at a time when they can least afford it”. From The Guardian: The National Seniors Australia chief advocate, Ian Henschke, said the Coalition’s $600m commitment was welcome, but

The post Pensioner parasites fasten to taxpayer pork appeared first on MacroBusiness.

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Renew Economy Tuesday, July 16, 2019 - 11:42 Source

Walcha Energy is delighted to welcome Dan Muller as Development Manager for the Walcha Energy Project.

The post Dan Muller joins Walcha Energy appeared first on RenewEconomy.

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MacroBusiness Tuesday, July 16, 2019 - 11:30 Source

Urban Infrastructure Minister Alan Tudge has called on the states to lift their investment in infrastructure to help stimulate the Australian economy, claiming they have greater capacity than the Commonwealth. From The AFR: The federal government is prepared, where possible, to fast-track infrastructure projects but says the states have the greatest capacity to pick up

The post Hypocrite Coalition tells states to lift game on infrastructure appeared first on MacroBusiness.

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MacroBusiness Tuesday, July 16, 2019 - 11:15 Source

The property lobby has won again with Victorian taxpayers to spend $600 million for rectification workers to remove flammable cladding from the state’s high-rise buildings: Victorian taxpayers will help fund major rectification works on buildings with dangerous combustible cladding, Premier Daniel Andrews says. His Government has announced a $600 million package to fix hundreds of

The post Victorian taxpayers bail-out flammable builders appeared first on MacroBusiness.

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MacroBusiness Tuesday, July 16, 2019 - 11:00 Source

Great work from Zero Hedge today: As far back as 2013, China’s macro-economic data has been ‘questionably’ smoothed at best, and outright fake at worst. Whether it is trade data (“never been faker” than in 2016) or aggregate production (2018’s massive GDP distortions), as economist Nouriel Roubini once asserted, China just makes its numbers up. This month was no

The post How China faked its growth numbers appeared first on MacroBusiness.

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MacroBusiness Tuesday, July 16, 2019 - 10:45 Source

As we know, the superb RBNZ has fully integrated monetary and macroprudential policy tools, a creative leadership and national interest values. This enables 300 staff to conduct all of the functions that Australia’s combined monetary regulators fail to do with 1,400. It uses big and dumb rules to govern financial stability, the cash rate when

The post RBNZ is a litmus test of Australian monetary failure appeared first on MacroBusiness.

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MacroBusiness Tuesday, July 16, 2019 - 10:30 Source

Hodlers fight back at FTAlphaville: First Trump, then flump. Having inched up a little on Friday —“boosted” by Trump’s anti-crypto tweets in the early hours of the morning, apparently —bitcoin took a dive over the weekend. At pixel, it was trading just above the $10,000 mark, down about 15 per cent since Friday. Ethereum, the thinking man’s crypto, is down

The post Hodlers rally as Trump declares war on Bitcoin appeared first on MacroBusiness.

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MacroBusiness Tuesday, July 16, 2019 - 10:15 Source

Via The Australian: Stubborn employees who ­refuse to move into more productive companies are a major cause of the nation’s record-low wages growth, new Treasury research will reveal today. Workers who stay with unproductive companies instead of switching to more dynamic firms are dragging down pay increases across the economy, with Australia’s top economic advisers

The post Corrupt Treasury blames workers for dud wages appeared first on MacroBusiness.

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MacroBusiness Tuesday, July 16, 2019 - 10:00 Source

The Australian Bureau of Statistics on Friday released its overseas short-term arrivals and departures figures for May, which showed a continued trend worsening in Australia’s ‘tourism balance’. The number of short-term visitor arrivals fell by 4.6% in May in original terms, whereas short-term resident departures tanked by 10.6% over the month. The ratio of annual

The post Chinese visitor arrivals rebound appeared first on MacroBusiness.

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MacroBusiness Tuesday, July 16, 2019 - 09:45 Source

Deary me Matthew Stevens: Queensland’s gas exporters appear to have quietly anticipated the gathering post-election furore over their domestic market obligations by embracing market logic in pushing their uncontracted coal seam production into domestic markets. While the politics of gas gets ever more confused by personal and party ambitions, the latest data assembled by independent

The post Gas cartel farts propaganda smokescreen to cover retreat appeared first on MacroBusiness.

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MacroBusiness Tuesday, July 16, 2019 - 09:30 Source

From CoreLogic’s quarterly auction report: CoreLogic recorded a strengthening trend in auction clearance rates over the June quarter – the last time the result was this strong was back in June 2018. Clearance rates across Melbourne, Australia’s largest auction market, showed an increase over the June quarter while Sydney’s clearance rate has outperformed both the

The post CoreLogic: Auctions “evidence that housing conditions are stabilising” appeared first on MacroBusiness.

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MacroBusiness Tuesday, July 16, 2019 - 09:15 Source

Via the Kouk: The weak economy is turning higher In the space of a couple of months, the rhetoric on the economy has gone from strong to weak. Curiously, both assessments are wrong. The economy was actually weak during the first half of 2019 and, if the leading indicators are correct, late 2019 and 2020

The post Kouk: Economy set for rebound appeared first on MacroBusiness.

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