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North Coast Voices Tuesday, April 28, 2015 - 00:16 Source

Metgasco chief executive Peter Henderson said they would be seeking compensation for the year-long suspension of the drilling licence and all associated losses of the suspension, which could run as high as $15 million.Mr Henderson said Metgasco would require a further $110m if the company was forced to exit its operations in the state’s north.[The Australian, 27 April 2015]One hundred and ten million dollars is a small price to pay to protect an existing NSW North Coast* 

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North Coast Voices Tuesday, April 28, 2015 - 00:15 Source

Destroy The JointSince 1 January 2015 thirty-three women have died in violent incidents.

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Duck Pond Monday, April 27, 2015 - 23:45 Source

We decided to stay home for a few days last week.Then after the storm came and went, the internet connection was lost for a few days.

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Political Owl Monday, April 27, 2015 - 23:33 Source
  • Since 1900 house prices in advanced economies have increased threefole. The overwhelming hare of this increase occurred  in the second half of the 20th century.Since 1900 house prices in advanced economies have increased threefole.
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En Passant Monday, April 27, 2015 - 21:21 Source

Ray web

 

It is with deep sadness that Solidarity has learnt of the passing of Uncle Ray Jackson overnight. The news is a serious blow to the movement for Aboriginal freedom and to the struggle for socialism.

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New Matilda Monday, April 27, 2015 - 21:08 Source

Police stopped a black ex-serviceman from joining the main Canberra Anzac Day march to acknowledge the Frontier Wars and to honour his famous grandfather.

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The Australian Independent Media Network Monday, April 27, 2015 - 19:37 Source

“Gallipoli was a splendid failure; the Western Front was a terrible success and we should recall our victories as much as our defeats.”

Tony Abbott, 26th April, 2015

 

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Poll Bludger Monday, April 27, 2015 - 18:34 Source

The Seven Network brings us a ReachTEL automated phone poll of federal voting intention, which was conducted on Thursday from a sample of 2532, showing Labor’s two-party lead unchanged at 54-46, from primary votes of 39.8% for the Coalition, 39.3% for Labor, 11.9% for the Greens and 2.2% for Palmer United.

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MacroBusiness Monday, April 27, 2015 - 16:13 Source

Chris Weston, Chief Market Strategist at IG Markets Global equities continue to grind higher with equity bulls the dominant force, despite a number of negative themes which could get more attention. There still seems some room to push higher as only 40% of the key developed markets are above their 2007 peak and strong technical

The post ASX at the close appeared first on MacroBusiness.

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Croakey Monday, April 27, 2015 - 16:08 Source

Health Minister Sussan Ley has confirmed the Federal Government is looking at removing subsidies from over-the-counter medicines like paracetamol, aspirin, and antacids that can be bought without a prescription and allowing pharmacies to discount...

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Renew Economy Monday, April 27, 2015 - 15:19 Source

Greens Leader Christine Milne describes the Abbott government as a 'plutocracy,' and 'wholly owned subsidiary of the coal industry,' in speech on Climate.

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MacroBusiness Monday, April 27, 2015 - 14:58 Source

From Roy Morgan Research comes more bad news for Prime Minister Tony Abbott, although opposition leader, Bill Shorten, is on the nose as well: Former Liberal Party Leader Malcolm Turnbull is again clearly preferred as Liberal Leader by 38% of electors (up 2% since January 12-13, 2015) well ahead of Deputy Leader Julie Bishop 27%

The post Abbott support plumbs new lows appeared first on MacroBusiness.

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Renew Economy Monday, April 27, 2015 - 14:52 Source

Latest Global Climate Index shows nearly half of world’s biggest investment funds – some in Australia – failing to protect portfolios from climate change.

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Renew Economy Monday, April 27, 2015 - 14:52 Source

Local anti-wind group ATWA vows to fight Qld Labor's decision to approve the 63-turbine, 225MW Mt Emerald wind farm planned for Far North Queensland.

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Renew Economy Monday, April 27, 2015 - 14:52 Source

Local anti-wind group ATWA to fight Qld Labor's approval of 63-turbine, 225MW Mt Emerald wind farm planned for Far North Queensland.

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Renew Economy Monday, April 27, 2015 - 14:36 Source

Tesla's big battery storage announcement is likely to focus on a 5-kilowatt home unit and a 200-kilowatt commercial-scale battery.

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MacroBusiness Monday, April 27, 2015 - 14:30 Source

By Leith van Onselen The New York Times (NYT)  has published an extraordinarily one-sided article from Gregory Mankiw, a professor of economics at Harvard University, in favour of the Trans-Pacific Partnership (TPP) trade agreement. Let’s take a look: If Congress were to take an exam in Economics 101, would it pass? We are about to

The post Wake up economists. The TPP is not “free trade” appeared first on MacroBusiness.

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Renew Economy Monday, April 27, 2015 - 14:21 Source

As Coalition defends funding of climate contrarian Lomborg, business lobby warns Direct Action won't meet targets, and will blow multi-billion dollar hole in budget.

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Renew Economy Monday, April 27, 2015 - 14:19 Source

Representatives from companies around the world met in Switzerland to discuss climate targets. Notably, no Australian company was present.

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Renew Economy Monday, April 27, 2015 - 14:17 Source

Ampyx Power, the Dutch-based developers of novel airborne wind energy technology, to establish some of its first commercial scale projects in Australia.

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MacroBusiness Monday, April 27, 2015 - 14:17 Source

Pinning the ears back now: And dragging RIO up with it… Dalian back to 430…

The post Fortescue short squeeze turns nuclear appeared first on MacroBusiness.

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MacroBusiness Monday, April 27, 2015 - 14:05 Source

Courtesy of James Shugg and Sean Callow at Westpac Global Economics: The Eurogroup of finance ministers and central bankers met in Riga last Friday amidst (accurate) speculation that little progress would be made towards reaching an agreement between the Greek government and its creditors on the measures Greece must (re)commit to in order that the long-delayed

The post The long path to Greek resolution appeared first on MacroBusiness.

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MacroBusiness Monday, April 27, 2015 - 13:54 Source

So it was nonsense buyers after all, from Bloomberg: Franklin and Capital Group helped lure the iron-ore producer back to the market by agreeing to buy most of a $1.1 billion chunk of securities in a so-called reverse inquiry…The sale allowed the money managers to swap their lower- ranking unsecured notes for secured debt that

The post Buyers of Fortescue ponzi-bond revealed appeared first on MacroBusiness.

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MacroBusiness Monday, April 27, 2015 - 13:45 Source

Cross-posted from The Conversation: Long before the release of French economist Thomas Piketty’s smash bestseller, it was recognised by social scientists that income inequality in developed countries had been rising for a while. Economists’ stock-in-trade explanation for this trend was that people whose skills combined well with modern production technologies had seen bigger income growth

The post This Budget, like others, will favour the rent-seekers appeared first on MacroBusiness.

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Renew Economy Monday, April 27, 2015 - 13:42 Source

The fossil fuel industry continues to peddle the shop-worn storyline that more coal will be the salvation of the energy poor. But the energy poor are not so sure.

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MacroBusiness Monday, April 27, 2015 - 12:36 Source

From the Boston Federal Reserve: During the onset of a very severe financial and economic crisis in 2008, the federal funds rate reached the zero lower bound (ZLB). With this primary monetary policy tool therefore rendered ineffective, in November 2008 the Federal Reserve started to use its balance sheet as an alternative policy tool when

The post Fed mulls perma-QE appeared first on MacroBusiness.

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Renew Economy Monday, April 27, 2015 - 12:35 Source

7 of the “ideas and developments” that have already helped these cleantech solutions break through big barriers, and/or will help them get to the next stage.

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MacroBusiness Monday, April 27, 2015 - 12:19 Source

The big iron short squeeze continues today in the equity market but it’s a bit of fizzer versus the underlying price. BHP has only managed to flop up 1.5% as it’s $500m Singapore tax shifting comes hope to roost and RIO is also under-performing London up only 2%.  FMG is again the standout as it flies

The post Iron ore miners balk at dead cat appeared first on MacroBusiness.

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MacroBusiness Monday, April 27, 2015 - 12:08 Source

By Leith van Onselen Business Spectator’s Victoria Thieberger has penned an article today spruiking the great boom in services exports which can apparently more than offset the commodity bust: Earnings from services exports last year totalled $59 billion, a little less than the $66bn earned from iron ore exports, and are growing quickly. The rise

The post More sell ‘em services delusion appeared first on MacroBusiness.

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Prosper Australia Monday, April 27, 2015 - 12:03 Source

Prof Michael Hudson on the Ancient Near East by Renegadeeconomists on Mixcloud 04/01/2015 An interview on the new Michael Hudson book – Labor in the Ancient World, the latest in the series on the Ancient Near East, co-edited with Piotr Steinkeller.  Karl: Welcome to the Renegade Economists with your host, Karl Fitzgerald. This week we’re stepping back […]

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