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Inside Story Thursday, October 12, 2017 - 15:48 Source

A little news item can tell a big story. This week the Guardian reported on a survey revealing that Australian parents want schools to teach more social skills. It raises many questions: whose job it is anyway; what will fall off the curriculum to make space; how will we know if it works? But in one sense it is certainly timely: right now, the Gonski 2.0 review is giving us a once-in-a-decade opportunity to have a say about what schools should and shouldn’t do.

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Renew Economy Thursday, October 12, 2017 - 15:06 Source

Australian outfit Synergy Wind has proposed building a 34 turbine wind farm in Victoria's south-east.

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Renew Economy Thursday, October 12, 2017 - 15:05 Source

Australian energy politics might have reached peak stupid, but Australia’s energy revolution – led by innovators and incumbents alike, all focused on delivering smarter, cheaper power – is just hitting its stride. And consumers are getting into it.

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Renew Economy Thursday, October 12, 2017 - 15:05 Source

Australian energy politics might have reached peak stupid, but Australia’s energy revolution – led by innovators and incumbents alike, all focused on delivering smarter, cheaper power – is just hitting its stride. And consumers are getting into it.

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Renew Economy Thursday, October 12, 2017 - 14:42 Source

A field trial to develop highly efficient solar energy heliostats made from plastic has opened in South Australia.

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MacroBusiness Thursday, October 12, 2017 - 14:35 Source

Some days this place truly is a mad house, Domainfax: Self-driving cars on roads with solar panels, hologram commercials, drones making deliveries, skyways between buildings, a magnetically-levitating train pulling into Circular Quay and trees. Lots more trees. It’s a view of how Sydney could look in 20 years. A virtual reality vision of the future city has been launched

The post The paradise that is Sydney 2037 appeared first on MacroBusiness.

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MacroBusiness Thursday, October 12, 2017 - 14:09 Source

Life imitating art today as the One Nation fruit cakes take their turn in the High Court: Dividing people into different classes of citizens based on whether or not they are born in Australia is “fundamentally unAustralian”, One Nation Senator Malcolm Roberts’ barrister told the High Court on Thursday morning. …”There should be no place in

The post ‘It’s the vibe of the thing’ claims One Nation loon in High Court appeared first on MacroBusiness.

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MacroBusiness Thursday, October 12, 2017 - 13:15 Source

By Leith van Onselen Today’s housing finance data for August posted a 1.2% fall in the number of new home finance commitments (both construction and new), although commitments also up by 16.4% over the year: Looking at the state-by-state breakdown, which is presented below on a rolling annual basis since it is not seasonally adjusted,

The post New home finance fell in August appeared first on MacroBusiness.

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Inside Story Thursday, October 12, 2017 - 13:13 Source

The BBC charter is up for renewal, and members of senior and middle management have been co-opted onto a working group “to identify what the BBC does best and find more ways of doing less of it better.” Actually, that’s fake news — or news fiction. It’s a summary of the first episode in the latest series of BBC Two’s satirical documentary W1A.

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MacroBusiness Thursday, October 12, 2017 - 12:41 Source

Dalian iron ore is falling again today: The Aussie dollar is trying to climb back above 78 cents today, former support now resistance: Big Iron charts are starting to break. BHP is still in a bullish ascending triangle but is also threatening to double top: RIO is more bullish but has been turned away at

The post Fortescue breaks as big iron bust builds appeared first on MacroBusiness.

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Renew Economy Thursday, October 12, 2017 - 12:05 Source

Technology troglodytes in conservative media have collective meltdown over "demand response" – a new initiative to encourage consumers, particularly industry, to shift loads to help manage demand peaks and moderate prices.

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Renew Economy Thursday, October 12, 2017 - 12:05 Source

Technology troglodytes in conservative media have collective meltdown over "demand response" – a new initiative to encourage consumers, particularly industry, to shift loads to help manage demand peaks and moderate prices.

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MacroBusiness Thursday, October 12, 2017 - 12:03 Source

By Leith van Onselen Today’s housing finance data for August, released by the Australian Bureau of Statistics (ABS), posted a large rise in lending to first-home buyers (FHBs) and well as an increase in lending to investors. According to the ABS, the total number of owner-occupier finance commitments (excluding refinancings) was dead flat in August

The post FHB patsies sucked further into East Coast property bubble appeared first on MacroBusiness.

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Renew Economy Thursday, October 12, 2017 - 11:56 Source

The Clean Energy Council congratulates the winners of the 2017 Solar Design and Installation Awards, which were announced yesterday at the All-Energy Australia Exhibition and Conference in Melbourne.

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Renew Economy Thursday, October 12, 2017 - 11:54 Source

Carnegie is pleased to announce the appointment to its Board of Directors of two new, non-executive directors

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MacroBusiness Thursday, October 12, 2017 - 11:32 Source

Via ABC: Weaker mining exports and housing investment hurt by bad weather earlier this year have prompted the International Monetary Fund to cut its growth forecasts for the Australian economy. In what appears to be a blip, the IMF’s latest World Economic Outlook released overnight has sharply revised Australian growth down to 2.2 percent in

The post IMF downgrades Aussie outlook appeared first on MacroBusiness.

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MacroBusiness Thursday, October 12, 2017 - 11:18 Source

By Leith van Onselen I have noted previously that one of the key reasons why Australia’s high population growth (immigration) is lowering the living standards of existing residents is because of the strain that it places on infrastructure, which inevitably leads to more congestion on roads, public transport, as well as more expensive housing. Basic

The post The crippling cost of Sydney infrastructure projects appeared first on MacroBusiness.

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Harrangue Man Thursday, October 12, 2017 - 11:12 Source

So that happened. I coughed and a great goob honked out of my mouth and right onto the false beard I "won" from a carnie at a country show in my hometown in the '80s.Much like teasing it from a keyboard it had to be done carefully lest a chunk is left behind and crusting occurs and a cone of hair appears from the beard from the dried up honk-spittle.Within the beard's mouth hole I have the puck-sized mirror designed for side mirrors on cars so you could see what was in your blind spot but which I used for my workplace.

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MacroBusiness Thursday, October 12, 2017 - 09:56 Source

By Leith van Onselen Domain (formerly Australian Property Monitors) has released its State of the Market Report for the September quarter, which posted a fall dwelling prices fell across both Sydney and Australia. The below tables show the change in stratified median prices for both houses and units: As you can see, there is a

The post Domain: Sydney house prices fall sharply in Sep QTR appeared first on MacroBusiness.

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MacroBusiness Thursday, October 12, 2017 - 09:41 Source

Via Domainfax: In a searing assessment of the Coalition’s chances of recovery, John Hewson told Fairfax Media that Mr Turnbull looked weak for failing to assert his past commitments on climate change, tax policy and marriage equality, and for refusing to call out Mr Abbott despite the growing absurdity of his arguments. Dr Hewson cited Mr

The post Hewson: Turnbull is weak (meh, it’s worse) appeared first on MacroBusiness.

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The Australian Independent Media Network Thursday, October 12, 2017 - 09:41 Source

Climate Change and its Effect on Biodiversity My! … That’s a big one! Well, the name “Climate Change” speaks for itself. There’s no mistaking that title. But what of “Bio-diversity”? Life-diversity = Diverse life. What is that in regards to where we live and how will it be affected with slow or dramatic alteration? Years…

The post Completely and totally at the mercy of the environment appeared first on The AIM Network.

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MacroBusiness Thursday, October 12, 2017 - 09:31 Source

By Leith van Onselen The latest Roy Morgan Research (RMR) unemployment estimate for September registered a 1.1% decline in the unemployment rate over the month but a 0.6% increase over the year, with underemployment also rising significantly: Below are the key points from the release: In September 1.202 million Australians were unemployed (9.1% of the

The post Roy Morgan unemployment begins to rise appeared first on MacroBusiness.

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MacroBusiness Thursday, October 12, 2017 - 09:00 Source

By Chris Becker Last night saw US stocks closing  at record highs – again – after the Federal Reserve released a summary from its last meeting, where it signalled an interest rate hike in December is increasingly likely despite low levels of inflation. European markets stabilised following the Catalan issue in Spain while commodity prices recovered.

The post Macro Morning appeared first on MacroBusiness.

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Your Democracy Thursday, October 12, 2017 - 08:56 Source
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MacroBusiness Thursday, October 12, 2017 - 08:28 Source

There is nothing like a new fashion among the elites. It could be Teslas, a shift to Vale from Whistler for winter breaks or a move from Bulgari to Channel couture. But this Spring it is none of those. No. The latest trend among the wankers is wages growth virtue signalling! To wit, from Bill

The post Wages growth virtue signalling sweeps the oligarchs appeared first on MacroBusiness.

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MacroBusiness Thursday, October 12, 2017 - 07:36 Source

DXY slumped after Fed minutes and now has the perfect head and shoulders bottom set up which may prove meaningless: AUD jumped but is still broadly weak against EUR: And EMs: Gold rose: Brent too: Base metals are in La la land: And EM stocks are way overheated: High yield meh: Us yields roared but

The post Fed spikes Australian dollar again appeared first on MacroBusiness.

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Renew Economy Thursday, October 12, 2017 - 06:45 Source

Queensland renewables and storage tender attracts proposals amounting to 9,000MW of wind, solar and biomass, and 6000MW of storage.

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MacroBusiness Thursday, October 12, 2017 - 06:28 Source

Via Domainfax: Unions, business and the federal Parliament should come together and strike a “radical” grand bargain that would deliver a much-needed pay rise for ordinary Australians, Labor leader Bill Shorten says. …In the speech, the Opposition Leader argued Australia is in danger of having growth without prosperity, and there has been a growing divide

The post Shorten tilts at wages “grand bargain” windmill appeared first on MacroBusiness.

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John Quiggin Thursday, October 12, 2017 - 06:27 Source

I have a piece in The Conversation about the decision to cut weekend penalty rates. This decision needs to be put in the context of forty years of policy aimed at pushing down wages, eroding conditions (such as the weekend) and weakening the position of unions.

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The Australian Independent Media Network Thursday, October 12, 2017 - 06:00 Source

Thursday 12 October 2017 In the recipe of what a democracy is there are many ingredients, but simply explained it is a political system where like-minded people come together to form ideas that become a philosophy. They then become the foundation of political parties. These ideologies pull in different directions in a quest for majority…

The post Day to Day Politics: Abbott’s role in the demise of our democracy. appeared first on The AIM Network.

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