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Renew Economy Thursday, March 4, 2021 - 15:50 Source

reserve bank of australia RBA GreenPower - aap - optimisedThe RBA has revealed it is purchasing just 20% GreenPower under a $10.9m electricity contract with Delta Electricity, having flagged sourcing all its power from renewables.

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Renew Economy Thursday, March 4, 2021 - 15:47 Source

regulator Solar Panels on rooftop Roof suburb stockland - optimisedVictorian electricity distributor to spend $3m upgrading network in "solar hotspots" in four-month blitz to allow more rooftop solar power back onto the grid.

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Renew Economy Thursday, March 4, 2021 - 15:42 Source

Boris Johnson uk climate change number 10 prime minister - optimisedThe UK government has told the Bank of England it must prioritise transitioning to a net zero economy when setting monetary policy.

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Renew Economy Thursday, March 4, 2021 - 15:32 Source

Market rule maker looks beyond coal, and even gas, to batteries and a flexible two-way grid in review of grid reliability standards.

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Renew Economy Thursday, March 4, 2021 - 15:31 Source

Scott Morrison Angus TaylorGreg Hunt's "fact checking" for vaccine misinformation should be copied by the energy department. But they'd be flat out checking their minister's own declarations.

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Renew Economy Thursday, March 4, 2021 - 15:17 Source

protests scott morrison queensland resoures council brisbane - optmisedA new resources roadmap could position Australia as a leading supplier of green materials, as long as Morrison can resist the urge to make it all about gas.

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MacroBusiness Thursday, March 4, 2021 - 14:20 Source

History doesn’t repeat but it sure does rhyme. With Australian property values commencing another strong upswing, the ‘bank of mum and dad’ is once again back in vogue. In January 2020, just prior to the COVID-19 pandemic, a survey showed that more than half of Australian parents were directly subsidising the lifestyles of their children,

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Renew Economy Thursday, March 4, 2021 - 14:19 Source

Western Australia's Albany Wind Farm.Australia must transition to net zero as fast as possible to ensure economic growth. But investment giant AXA says there is a risk of green bubbles forming.

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MacroBusiness Thursday, March 4, 2021 - 14:00 Source

Via Banking Day: Lousy payments volumes in February and January may put a dampener around relief at the 3.1 per cent rise in GDP in Australia over the December 2020 quarter, which dangled the prospect of achieving the hoped for ‘V-shape recovery’. While housing prices and consumer and business confidence echo the recovery story, research

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MacroBusiness Thursday, March 4, 2021 - 13:40 Source

Via Goldman: Today, the European Commission issued guidance on the conduct of Member States’ fiscal policy with the aim of preventing “a premature withdrawal of fiscal support, which should be maintained this year and next”.As expected, the guidance includes a proposal to extend the general escape clause that suspends the EU’sfiscal rules for all Member

The post No post-recession hairshirt for Europe this time appeared first on MacroBusiness.

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MacroBusiness Thursday, March 4, 2021 - 13:20 Source

Melanie Macfarlane, founding member of the International Student Education Agents Association and member of the Migration Institute of Australia, has penned an article highlighting how the international education industry is the key feeder of the ‘Big Australia’ mass immigration policy. Macfarlane explicitly admits that Australia’s international education industry has only grown so big because studying

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MacroBusiness Thursday, March 4, 2021 - 13:00 Source

The commodity boom continues to rain riches down on Australia with Australia’s trade surplus soaring to a new record high $10.1 billion after increasing by $3.0 billion in January, according to the Australian Bureau of Statistics. The increase in Australia’s trade surplus was driven by a strong lift in exports, which rose $2.3 billion in

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MacroBusiness Thursday, March 4, 2021 - 12:40 Source

The Australian Bureau of Statistics (ABS) has released retail sales data for January, with sales turnover rising 0.5% month-on-month to be up 10.6% compared with January 2020. The next chart shows the strong rebound after April’s record 17.7% monthly decline caused by the national coronavirus lockdown: Food retailing (+1.6%) and Other retailing (+1.4%) drove the

The post Aussie retail sales continue upward march appeared first on MacroBusiness.

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MacroBusiness Thursday, March 4, 2021 - 12:20 Source

MB Fund’s Chief Economist Leith van Onselen, Head of Investments Damien Klassen, Head of Advice Tim Fuller and Economist Dr Cameron Murray discuss the drivers behind Australian Housing’s recent upwards roar. You can find Cameron at Fresh Economic Thinking On the agenda: Strongest growth in property prices since 2003 Mortgage & Auction markets are booming

The post MB Fund Podcast: Australian Housing roars upwards, with Dr Cameron Murray appeared first on MacroBusiness.

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Your Democracy Thursday, March 4, 2021 - 12:11 Source
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MacroBusiness Thursday, March 4, 2021 - 12:00 Source

Some interesting tweets from various financial mavericks overnight on the ongoing gold versus Bitcoin debate. Pater Schiff versus Mark Cuban: Congratulations to those who bought Bitcoin early, pumped up the price, and who’ve been dumping into the hype. You succeeded in getting Wall Street to buy into the mania. When I first learned about #Bitcoin

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The Australian Independent Media Network Thursday, March 4, 2021 - 12:00 Source

Note: The bulk of this piece was written before the announcement that the Cabinet Minister accused of the rape of a young girl would out himself.  1 The problem with Insiders is that it is so dammed inconclusive. What do I mean? Well, in its allotted hour, it discusses a lot but concludes little. Take last…

The post The week that will never go away appeared first on The AIM Network.

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MacroBusiness Thursday, March 4, 2021 - 11:40 Source

Around $27 billion was spent on Australia’s aged care system in the 2018-19 financial year, of which the federal government contributed around $20 billion. Economists warn that implementing the minimum recommendations of the aged-care royal commission would require annual expenditure on the sector to be increased by up to $9 billion. However, this could rise

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MacroBusiness Thursday, March 4, 2021 - 11:20 Source

Yesterday’s national accounts data for the December quarter showed that that household spending rose by 4.3% in the December quarter, with household consumption accounting for 2.3% of the nation’s 3.1% growth in GDP. The economy’s rebound from the COVID-induced recession is proving to be a boon for listed retailers, with many enjoying strong growth in

The post Big retailers hit pay dirt as economy recovers appeared first on MacroBusiness.

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MacroBusiness Thursday, March 4, 2021 - 11:00 Source

Key points from the UK’s COVID Symptom Study: No vaccines contain COVID-19. Pfizer better than AZ in infection risk reduction after one shot but both good: 90% reduction in hospitalisations. “Definite immunity” still a work in progress. Variants are “clobbered” by the second dose of vaccines. South African version definitely and probably Brazilian. Single-dose still

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Renew Economy Thursday, March 4, 2021 - 10:43 Source

 Bastø Fosen).Software billionaire urges Australia - and Syd

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MacroBusiness Thursday, March 4, 2021 - 10:40 Source

Yesterday’s national accounts release from the Australian Bureau of Statistics (ABS) revealed that households continue to accumulate an immense savings war chest on the back of record government stimulus. While the household savings rate fell to 12.0% from a record 22.0% in the June quarter of 2020, it remained at elevated levels, as illustrated in

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Renew Economy Thursday, March 4, 2021 - 10:21 Source

cefc investors green bonds solar city buildingsThe days of high solar tariffs are definitely over, because rooftop solar has helped slash wholesale prices. Plus: Countdown to new inverter deadline, and the regulator removed the licence of some module suppliers.

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MacroBusiness Thursday, March 4, 2021 - 10:20 Source

At various times over the past 20 years we witnessed desperate home buyers camp-out at developers’ offices to secure new land releases. Former home builder and MP, Bob Day, explained this phenomenon in his maiden Parliamentary speech in 2014: “To buy a block of land on which to build their first home, young couples are

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MacroBusiness Thursday, March 4, 2021 - 10:00 Source

According to data from the National Skills Commission, published today in The Australian, 21% of employers intend to hire additional staff in the next three months. However, 39% of employers that sought to hire extra workers in the four weeks to 19 February reported difficulties in doing so. Separate data from the Australian Bureau of

The post The solution to skills shortages is higher wages appeared first on MacroBusiness.

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MacroBusiness Thursday, March 4, 2021 - 09:40 Source

Iron ore prices firmed overnight as the ferrous complex warmed into global reflation. Steel prices surged giving steel mills some margin but they will need to keep raw materials purchases contained or it will all be gobbled up by the miners: The steel surge is global as demand is clearly outstripping supply for now. China

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MacroBusiness Thursday, March 4, 2021 - 09:30 Source

Another reverse in risk sentiment overnight with Wall Street properly falling led by tech stocks this time as the bond market continues its selloff. A possible catalyst was a poor US private employment print but also the latest ISM services PMI didn’t excite, reducing expectations. The USD came back against most of the majors, with

The post Macro Morning appeared first on MacroBusiness.

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MacroBusiness Thursday, March 4, 2021 - 09:20 Source

Millennials beware! You about to learn what markets are actually about. Stocks don’t only go up. Especially tech stocks. Sometimes they go down and a long way too. Let’s kick this discussion off with some charts. DXY continues its recent strength: The Australian dollar was weak against all developed market currencies as risk struggled: But

The post She’s gunna blow! Yield harpoon aims at tech bubble appeared first on MacroBusiness.

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MacroBusiness Thursday, March 4, 2021 - 09:00 Source

The Morrison Government rape scandals continue unabated today. Yesterday’s confession and denial by Attorney-General Christian Porter has done nothing to quell the outrage. Indeed, it has swelled as righteous calls for an independent inquiry explode. At Crikey, the late accusing woman’s lawyer, Michael Bradley, demands it: The criminal justice route is closed. There will never

The post Morrison lived by the media sword, now he will die by it appeared first on MacroBusiness.

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THE BLOT REPORT Thursday, March 4, 2021 - 08:37 Source

During his press conference held in response to the rape allegations, Attorney General Christian Porter said “I am personally struggling to wrap my head around….why I have never been contacted by anyone…. No journalist has ever put the allegations to me”. This quote was put out as a tweet by Laura Jayes of Murdoch’s Sky News Australia1. It immediately drew ripostes from legendary journalist Margo Kingston (of NoFibs), who said “calls not returned so they couldn’t be put. Bad mover by Porter”2.

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