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MacroBusiness Thursday, August 24, 2017 - 10:30 Source

Oh dear: What is its strategy? I thought it was about muscling into new markets, especially Melbourne? What’s all of this guff about adding value to sundry services? Perhaps it’s because the 15 new offices in NSW and VIC led to shrinking market share in both: If you combined this with the pounding that sales

The post McGrathmaggeddon does it again appeared first on MacroBusiness.

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Popular Science Thursday, August 24, 2017 - 10:23 Source

B vitamins are often sold with the promise of boosting flagging energy levels. But men who smoke might want to skip them, according to a new study in the Journal of Clinical Oncology. While smoking kills some six million people a year, the study found that men who smoked and took large doses of vitamins B6 or B12 significantly increased their risk of lung cancer.

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Popular Science Thursday, August 24, 2017 - 10:23 Source

A graphic reconstruction of the eight-man submarine H.L. Hunley as appeared just before its encounter with the Union ship Housatonic, which it sunk.

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Popular Science Thursday, August 24, 2017 - 10:23 Source

Life on Earth has survived vast changes in climate, from a warm period 450 million years ago, when most of the present-day United States was underwater, to the last ice age 20,000 years ago, when New England was buried beneath a mile-thick glacier. Though climate change triggered mass extinctions, life went on.

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Popular Science Thursday, August 24, 2017 - 10:23 Source

Sine-wave speech is a form of artificially degraded speech that humans can understand with proper training. But many people who experience auditory hallucinations can understand sine-wave speech without training.

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Popular Science Thursday, August 24, 2017 - 10:23 Source

So you looked. Everyone told you not to, but it seemed so easy to sneak one little peek. Or maybe you just thought it would be okay to watch through a pair of sunglasses. Sure, you wouldn't stare at the sun through your sunglasses normally. But you were sure it was fine to chance it for such a momentous occasion.

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Popular Science Thursday, August 24, 2017 - 10:23 Source

 
Last week, China's dominant fighting vehicle manufacturer, China North Industries Corporation (Norinco), displayed a bevy of export armored vehicles as part of its Armor Day celebrations. These festivities, now in their second year, laud the power of Chinese military and offer an occasion to show off to senior foreign military officers, who were likely there as potential buyers. 

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Popular Science Thursday, August 24, 2017 - 10:23 Source

That's a wrap on another total solar eclipse. And while the coincidental geometry and views of the phenomenon are certainly awe-inspiring, it's worth noting it's not that hard to see a total eclipse. Yes, it's a rare scenario—the last time the path of totality swept across the entire nation was in 1918—but a smaller swath of the country will be hit with totality in 2024, and 2045 will usher in a path almost as nation-wide as the one we were treated to this year. If you're willing and able to travel a smidgen further, South America is set to see total eclipses in 2019 and 2020.

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Global Guerrillas Thursday, August 24, 2017 - 10:15 Source

Here's a framework for understanding how social networking is changing US politics.  It's raw, simple and (hopefully) useful.  

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The political parties and the media aren't the primary actors in the US political system anymore.  Increasingly, politics is being waged online by networks.  A fight between two powerful and very different online social networks (I gave them names that are both descriptive of how they operate and easy to remember):  

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MacroBusiness Thursday, August 24, 2017 - 09:49 Source

Via Credit Suisse: Iron ore supply deficit to China continues – steel demand accelerated. It is probably fair to say that almost every commodity analyst looking at the seaborne iron ore market over the last few years has calculated that the iron ore market is in over-supply and getting worse. But we have all been

The post More on the sudden iron ore shortage appeared first on MacroBusiness.

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The Australian Independent Media Network Thursday, August 24, 2017 - 09:28 Source

“Will Donald Trump be assassinated, ousted in a coup, or just impeached?” – The Spectator “When was the last time an actor assassinated a president? It’s been a while, and I think it’s time” – Johnny Depp “I’ve thought an awful lot about blowing up the White House” – Madonna “I hope Trump is assassinated” – Missouri State Sen.…

The post Anatomy of a Coup Redux: America’s Chickens Come Home to Roost appeared first on The AIM Network.

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MacroBusiness Thursday, August 24, 2017 - 08:55 Source

DXY was down last night: AUD up against DMs: Down against EMs: Gold firmed and is still at the verge of break out: Brent rose too as US inventories sink: Base metals were mixed: EM stocks soared to new highs: High yield is still dragging the chain: US yields fell: German too, Italy is suddenly

The post Trump speaks, markets tank appeared first on MacroBusiness.

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The Melbourne Urbanist Thursday, August 24, 2017 - 08:53 Source

We’re not as connected with our neighbours as previous generations were, mostly because we’re better off; we have greater mobility and more choice Why don’t neighbours matter as much anymore?

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MacroBusiness Thursday, August 24, 2017 - 08:41 Source

By Chris Becker   Impatience and uncertainty are creeping into markets with a volatile reaction to Trump’s NAFTA and government shutdown statements over is ridiculous Mexican wall  last night. US stock markets retreated alongside the USD as a result, with bond yields falling even as rating agencies scratched their heads on the inability of the

The post Macro Morning appeared first on MacroBusiness.

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MacroBusiness Thursday, August 24, 2017 - 08:28 Source

Given that’s what we’re doing, and screwing ourselves royally in the process, here’s some advice on how to do it properly. First, you set up a special economic zone where the normal rules do not apply. This should include lower taxes and no industrial relations laws. Put it somewhere out of the way of the

The post How to run a cheap labour import economic model appeared first on MacroBusiness.

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MacroBusiness Thursday, August 24, 2017 - 08:28 Source

Given that’s what we’re doing, and screwing ourselves royally in the process, here’s some advice on how to do it properly. First, you set up a special economic zone where the normal rules do not apply. This should include lower taxes and no industrial relations laws. Put it somewhere out of the way of the

The post How to run a cheap foreign labour economic model appeared first on MacroBusiness.

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MacroBusiness Thursday, August 24, 2017 - 07:24 Source

By Nathan Lynch of Thomson Reuters. By early 2015, Commonwealth Bank’s investment in the rollout of hundreds of intelligent deposit machines across Australia was paying off handsomely. The country’s largest financial institution was reporting bumper profits. The gradual automation of its teller services, via this new kit, along with the push towards 24/7 banking, was

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The Australian Independent Media Network Thursday, August 24, 2017 - 06:00 Source

Thursday 24 August 2017 Bill Shorten’s timing is impeccable. Fancy turning up on Q&A last Monday after two disastrous weeks for Malcolm Turnbull. And on a day when Newspoll put Labor 8 percentage points in front of the Coalition. However it happened I would suggest that it’s time to take him seriously. The difference in…

The post Day to Day Politics: Time to take Shorten seriously. appeared first on The AIM Network.

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MacroBusiness Thursday, August 24, 2017 - 05:53 Source

Via The Australian: Crossbench MP Bob Katter says he would be willing to switch his allegiance to Tony Abbott and support a government led by the former prime minister. A week after telling Malcolm Turnbull he could no longer rely on his support, Mr Katter said he wanted to meet with Mr Abbott in the

The post Katter nominates Abbott to succeed Turnbull appeared first on MacroBusiness.

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MacroBusiness Thursday, August 24, 2017 - 00:20 Source

The chances are that you read Macrobusiness for no-nonsense, unbiased insight into the most pertinent issues in today’s macroeconomic climate. So do over 120,000 other people around the world per month. Now you have a chance to meet the team in person, talk investments, hear first hand about how the popular blog was founded, how

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Digitopoly Thursday, August 24, 2017 - 00:16 Source

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North Coast Voices Thursday, August 24, 2017 - 00:16 Source
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North Coast Voices Thursday, August 24, 2017 - 00:15 Source

When is a welfare program trial no longer a trial? When the Turnbull Government decides to remove those restriction which made it a trial……….This Bill removes section 124PF of the Social Security (Administration) Act 1999, which specifies that the cashless debit card trial will occur in up to three discrete locations, include no more than 10,000 people, and will end on 30 June 2018. Removing this section will support the extension of arrangements in current sites, and enable the expansion of the cashless debit card to further sites. Individual sites, once identified, will be determined by disallowable legislative instruments.

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MacroBusiness Thursday, August 24, 2017 - 00:10 Source

But only for the povoes: Melbourne’s relentless population growth is placing extreme stress on crucial early childhood and health-care services, with fringe growth suburbs bearing the brunt of the pain. Services such as new maternity hospitals, maternal-and-child-health centres and kindergartens in these areas are not being properly planned for, a report by the auditor-general has found. Some

The post Population ponzi overruns kinders, maternity, bridges, tunnel, houses appeared first on MacroBusiness.

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MacroBusiness Thursday, August 24, 2017 - 00:05 Source

Iron ore price charts for August 23, 2017: Tianjin benchmark fell $1.40 to $77.40. Paper firmed overnight. Steel fell sharply. From Reuters: Steel and iron ore futures in China fell about 4 percent on Wednesday as a selloff in steel dragged down prices of the steelmaking raw material, cutting short a rally that lifted iron

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

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MacroBusiness Thursday, August 24, 2017 - 00:04 Source

Via Reuters: China’s key short-term money rates leapt to their highest in nearly five months on Wednesday, as the central bank drained funds for a third day, keeping up the pressure on financial institutions to scale back more speculative forms of financing. Similar bouts of tightness in June and July had raised fears of a

The post China taps the brakes again appeared first on MacroBusiness.

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MacroBusiness Thursday, August 24, 2017 - 00:04 Source

Via SCMP: Cash-rich Chinese firms – the big spenders in the global property market in the past four years – are getting cold feet as Beijing tightens controls on outbound investment. “Requests for overseas acquisitions are already drying up,” said Paul Guan, a partner with global law firm Paul Hastings who advises Chinese institutional investors

The post Farewell Chinese real estate hot money appeared first on MacroBusiness.

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MacroBusiness Thursday, August 24, 2017 - 00:01 Source

Global Macro / Markets / Investing: Exxon proven to be as bad as big tobacco, internally acknowledge AGW, externally obfuscate according to Harvard study – The Guardian Hiring more women means higher stock prices? – Bloomberg Euro and Pound to head to parity – FT Cyclically adjusted PE valuations head to new sky highs for

The post Links 24 August 2017 appeared first on MacroBusiness.

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The Australian Independent Media Network Wednesday, August 23, 2017 - 20:12 Source

Rossleigh: Good evening, we have the Primed Minister, Malcolm Tinbull. Malcolm: With all due respect, I don’t think you can say that. Rossleigh: Why not? Malcolm: Well, I’m just a fictional character, aren’t I? I’m not the real Prime Minister. Rossleigh: Yes, that’s what most people are saying. Malcolm: No, they’re saying that I’m a…

The post Rossleigh Interviews Malcolm appeared first on The AIM Network.

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Left Focus Wednesday, August 23, 2017 - 17:52 Source

150th Anniversary Of Marx's Das Kapital ; Questions and Answers Event ; New International Bookshop Melbourne, September 7th. Please come along and show your interest and support. I will be there as an ALP Left activist who draws deeply from Marx and Marxism.

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