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The Australian Independent Media Network Tuesday, June 18, 2019 - 11:22 Source

The CSIRO has released a study titled Australian National Outlook, comparing two versions of the nation in 2060. It signals Australia faces a Slow Decline if it takes no action on the most significant economic, social and environmental challenges. But, if these challenges are tackled head on, Australia can look forward to a positive Outlook…

The post Another three years of Slow Decline appeared first on The AIM Network.

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MacroBusiness Tuesday, June 18, 2019 - 11:15 Source

By Leith van Onselen Last year it was revealed that that the pay of Australian university vice chancellors has ballooned to an average salary package of around $1 million: University leaders are picking up major pay rises, taking the annual average salary of vice-chancellors in NSW and Victoria to just below $1 million. Michael Spence,

The post The moral decay of Australian universities appeared first on MacroBusiness.

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MacroBusiness Tuesday, June 18, 2019 - 11:00 Source

By Leith van Onselen This time last year, the Coalition was said to be considering a basic English test for all new permanent migrants amid concerns that by 2021, more than one million ­people in Australia could have ­little or no English skills: The move to consider mandating English language tests beyond citizenship applicants and apply

The post Coalition abandons tougher English test for migrants appeared first on MacroBusiness.

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MacroBusiness Tuesday, June 18, 2019 - 10:45 Source

By Leith van Onselen Back in April, Alucobond supplier Halifax Vogel Group (HVG) and its manufacturer 3A Composites were targeted in a class action by apartment owners in a Sydney building. They are being represented by William Roberts Lawyers in the first combustible cladding class action in Australia. They claim that the cladding on their

The post Class action lawsuits launched over flammable cladding appeared first on MacroBusiness.

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MacroBusiness Tuesday, June 18, 2019 - 10:30 Source

The Lunatic RBA cookie cutter spawns another relentless bull in Jonathan Kearns, Head of Financial Stability Department: Thank you to the Property Council for asking me to speak at this Property Leaders’ Summit. I want to address an important issue for the property industry – the rising rate of housing loan arrears (Graph 1). Why is it that

The post Lunatic RBA: Surging mortgage arrears no risk appeared first on MacroBusiness.

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MacroBusiness Tuesday, June 18, 2019 - 10:15 Source

The gloves are off now. All UBS said was: But that’s the end of a big bond deal with China Railway Construction Corporation because, well, just because. Via the FT: … cultural sensitivity is important for any multinational. But it is an absurdity to translate an innocent English phrase in a certain way and then

The post The ragening: Angry China loses friends and alienates everybody appeared first on MacroBusiness.

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MacroBusiness Tuesday, June 18, 2019 - 10:00 Source

Awesome stuff from CA: Ten million taxpayers will have to wait for July 1 tax cuts, with Centre Alliance declaring the legislation is not “urgent” and is unlikely to pass when Parliament returns. The prediction effectively torpedoes hopes that the $1080 tax cuts the Prime Minister promised during the election will quickly pass Parliament –

The post Centre Alliance patriots give ScoMo gas ultimatum appeared first on MacroBusiness.

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MacroBusiness Tuesday, June 18, 2019 - 09:45 Source

Via the AFR: From Monday, NAB said it was introducing new guidelines for Bank of Mum and Dad that “complements the law and, in some areas, sets higher standards”. …Under NAB’s new controls, loan guarantors will face improved scrutiny of their suitability by providing more information about how it will impact their finances and awareness

The post Bank of Mum and Dad shut down appeared first on MacroBusiness.

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Renew Economy Tuesday, June 18, 2019 - 09:44 Source

Victorian college installs solar powered electric vehicle charger with view to go off grid and power staff and parents' cars.

The post Victoria school trials solar electric car charger appeared first on RenewEconomy.

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Renew Economy Tuesday, June 18, 2019 - 09:34 Source

The Driven The first batch of all-electric Tesla Model 3 sedans have been spotted on car transport trucks in the UK, as the best-selling electric car arrives in its first right-hand drive market. A number of bright red models of the long-awaited “mass-market” electric car were seen being transported towards London on the M20 on...

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The Melbourne Urbanist Tuesday, June 18, 2019 - 09:18 Source

Fringe suburbs have historically always had fewer jobs than workers. What policy makers should focus on is providing good transport links to the more central parts of the city where most of the employers want to be Is labelling the outer suburbs as ‘job deserts’ helpful?

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MacroBusiness Tuesday, June 18, 2019 - 09:15 Source

Via CoreLogic comes the leading mortgage index: The post -election rebound still looks firm if not tearaway. Stock on market is still high by new listings are very weak: Full report.

The post CoreLogic leading mortgage index firm appeared first on MacroBusiness.

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Renew Economy Tuesday, June 18, 2019 - 09:15 Source

What happens to solar panels and batteries at the end of their life? Australia's booming residential PV and storage market means this a problem we have to solve.

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MacroBusiness Tuesday, June 18, 2019 - 09:00 Source

Spot fell. Paper too. Steel is softening. Port stocks continue to drain in China, down to 118.7mt last week:   Still just waiting on Vale. Further spikes are possible until Brucutu returns.

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

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MacroBusiness Tuesday, June 18, 2019 - 09:00 Source

By Chris Becker  Stocks pushed slightly higher on Wall Street overnight, following a mixed session in Europe where risk markets remain poised before tomorrow nights FOMC Meeting. Interestingly, the Fed Business Index fell sharply last night to a 2 year plus low, with consumer and household sentiment figures also dropped, putting more pressure on the

The post Macro Morning appeared first on MacroBusiness.

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Grattan Blog Tuesday, June 18, 2019 - 08:00 Source

Homelessness is a growing problem in Australia. To tackle the scourge, we first need to understand who is homeless. Here’s what we know.

read more Who is homeless in Australia?

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MacroBusiness Tuesday, June 18, 2019 - 06:38 Source

I don’t mind a bit of hope. But that’s different to the complete rot that the CSIRO pumped out today: The Australian National Outlook is a new initiative by CSIRO, which is intended to contribute to the evidence base and understanding required for Australia to navigate the complex and often intertwined challenges involved in achieving

The post CSIRO launches ludicrous 2050 Australian economy fantasy appeared first on MacroBusiness.

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Poll Bludger Tuesday, June 18, 2019 - 06:34 Source

A close look at the New South Wales Senate result as finalised yesterday, plus Essential Research findings on attitudes to nuclear power.

The post NSW Senate entrails examined appeared first on The Poll Bludger.

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MacroBusiness Tuesday, June 18, 2019 - 05:41 Source

DXY was steady last night: The Australian dollar is in free fall versus all major developed economy currencies: And emerging market currencies to boot: Gold was stable: Oil is very weak given the Iran situation and Saudi jawboning: Metals were mixed: Miners were hit: EM stocks hung on: High yield too: The Treasury curve flattened:

The post Australian dollar enters free fall as global recession builds appeared first on MacroBusiness.

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MacroBusiness Tuesday, June 18, 2019 - 00:12 Source

By Leith van Onselen Deloitte believes that post-election stimulus will help the retail sector rebound in 2020: After a tough end to 2018, retailers faced yet another period of weak demand and declining retail spending over the March quarter of 2019. However, it may not be all doom and gloom for the sector, with some

The post Deloitte: Stimulus to rescue retail appeared first on MacroBusiness.

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MacroBusiness Tuesday, June 18, 2019 - 00:10 Source

The rapid growth in international students (see next chart) has led to accusations that Australia’s universities are treating them as “cash cows” to be milked for lucrative fees and easy profits. And it’s not hard to see why. According to research by Jerry Zheng, the content editor for OneClass, international tuition fees (17.88%) at Melbourne University

The post Education industry queues up to milk international students appeared first on MacroBusiness.

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MacroBusiness Tuesday, June 18, 2019 - 00:01 Source

Global Macro / Markets / Investing: Blockchain will Dominate Gambling in the Future – Medium Did Capitalism Kill Inflation? – Bloomberg French authorities confirm that €3.5mln house in Biarritz belongs to Putin’s family – People Policy Project Americas: Goldman says the costs of Trump’s tariffs have fallen ‘entirely’ on US businesses and households – CNBC

The post Links 18 June 2019 appeared first on MacroBusiness.

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Renew Economy Monday, June 17, 2019 - 22:56 Source

A failed Queensland solar thermal project has become the latest target of the post-election facts-don’t-matter campaign against renewables in Australia.

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Renew Economy Monday, June 17, 2019 - 22:51 Source

Loy Yang power station AGLVictoria is home to 20% of the main grid's coal and gas generation capacity, but is the source of 35% of all power station outages.

The post Brown coal generators rated least reliable in the country: report appeared first on RenewEconomy.

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En Passant Monday, June 17, 2019 - 20:58 Source

Adani tells you everything you need to know about politics in Australia.

The decisions by the Queensland and Federal Governments to give Adani various approvals to effectively mine a massive amount of coal is irrational.  It makes no sense economically. It makes no sense environmentally.

But to those involved it makes perfect political sense. Jobs, jobs and more jobs are their mantra.  It is a lie to win working class support. Given the big swings against Labor in the region and to the conservatives and reactionaries, it is working.

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The Australian Independent Media Network Monday, June 17, 2019 - 19:45 Source

By 2353NM   You’ve probably heard politicians and commentators suggest that various acts should be undertaken because ‘they’ve got a mandate’. One of the recent examples is new Environment Minister Angus Taylor claiming there is now a ‘mandate’ for a lack of any meaningful action on managing climate change in Australia. You can read the full definitions…

The post They’ve got a mandate appeared first on The AIM Network.

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The Australian Independent Media Network Monday, June 17, 2019 - 17:36 Source

Dalla mano alla mente … (From the hand to the mind). The trade-guild artists. Manifesto … Having come to the conclusion that middle-class politics cannot, through it’s servile impotency in honouring capital gain over social necessity, or will not, through its abandonment of the poor, the vulnerable and the under-educated in first preference for its…

The post From the hand to the mind appeared first on The AIM Network.

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The Australian Independent Media Network Monday, June 17, 2019 - 17:13 Source

“When a company wields such power that it can cause a Minister to rush an approval process, cut corners and make significant errors, it is cause for serious concern.” (Kelly O’Shanassy, Australian Conservation Foundation, June 12, 2019). While the proposal is of a diminished monster, the travails over Adani’s efforts to open up the Galilee…

The post Matters of Water: Dubious Approvals and the Adani Carmichael Mine appeared first on The AIM Network.

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MacroBusiness Monday, June 17, 2019 - 16:30 Source

Asian share markets have started the week on a mixed note, continuing the confused Friday session as risk markets await the latest from the tanker attacks in the Gulf and the upcoming FOMC Meeting on Wednesday. Chinese share markets rebounded following their poor showing on Friday with the Shanghai Composite lifting nearly 0.3%, almost back above

The post Macro Afternoon appeared first on MacroBusiness.

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George Monbiot Monday, June 17, 2019 - 16:04 Source

Our toxic political system produces toxic
leaders. We should design a system that rewards kindness and honesty.

By George Monbiot, published in the Guardian,
12th June 2019

Who in their right mind would want the job? It
is almost certain to end, as Theresa May found, in failure and public
execration. To seek to be Prime Minister today suggests either reckless
confidence or an insatiable hunger for power. Perhaps we need a reverse Catch
22 in British politics: anyone crazy enough to apply for this post should be
disqualified from running.

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