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Renew Economy Thursday, August 10, 2017 - 10:07 Source

IMF says subsidies to global fossil fuel industry reached $A6.7 trillion in 2015 - or $A18 billion a day, or $A12 million a minute.

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Renew Economy Thursday, August 10, 2017 - 09:59 Source

Green Energy Trading, Australia’s leading environmental certificate creator, is delighted to announce the appointment of current General Manager, Luke Konynenburg, as Chief Executive Officer.

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MacroBusiness Thursday, August 10, 2017 - 09:44 Source

By Leith van Onselen The Australian’s David Uren has penned a spurious piece today arguing that the public sector is responsible for the rise in the cost-of-living since the Global Financial Crisis: Inflation in the cost of public-sector services is rising at more than five times the pace of the private sector, and is equivalent

The post Is the public sector driving up the cost of living? appeared first on MacroBusiness.

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MacroBusiness Thursday, August 10, 2017 - 09:16 Source

By Leith van Onselen BIS Oxford Economics has forecast that the number of apartment commencements across Australia will fall below 60,000 by mid-2020, compared with around 119,000 in the March 2016 quarter. BIS expects demand for apartments to fall sharply in coming years due to an oversupply, with Brisbane expected to bear the brunt of

The post BIS: Apartment construction to halve by 2020 appeared first on MacroBusiness.

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MacroBusiness Thursday, August 10, 2017 - 08:38 Source

By Leith van Onselen The justification behind the proposed $1 billion concessional loan from Australian taxpayers to Adani to build the Carmichael coal project has taken another hit today with reports that India’s appetite for coal is waning. From The Australian: In the last two years, coal consumption has slowed to its lowest level in

The post Waning Indian coal demand should doom Adani? appeared first on MacroBusiness.

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MacroBusiness Thursday, August 10, 2017 - 08:22 Source

By Chris Becker   Another night of volatility as two five year olds exchanged barbs over nuclear weapons, although this didn’t upset markets as much as some feared. European stocks sold off more sharply while US stocks slipped as currency markets remained calm while bond yields fell across the board on safe haven buying. The OPEC

The post Macro Morning appeared first on MacroBusiness.

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MacroBusiness Thursday, August 10, 2017 - 08:00 Source

The post View from the pit appeared first on MacroBusiness.

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MacroBusiness Thursday, August 10, 2017 - 07:59 Source

By Leith van Onselen I came across an interesting article from Business Insider which provides a timely reminder of why talk of a “skills shortage” in the labour market is generally bullshit. While it comes from the US, the lessons are exactly the same for Australia: Heidi Shierholz, former chief economist at the Labour Department,

The post Talk of a skills shortage “an incredible cop-out” appeared first on MacroBusiness.

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MacroBusiness Thursday, August 10, 2017 - 07:34 Source

by Chris Becker A speed wobble in iron ore and steel prices with Dalian futures taking a dive yesterday: The latest Chinese trade balance data indicated that iron ore imports were down nearly 9% for July, but are still up 7.5% year on year. More from Clyde Russell at Reuters: That’s by no means a

The post Daily iron ore price update (imports matter) appeared first on MacroBusiness.

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The Australian Independent Media Network Thursday, August 10, 2017 - 06:00 Source

Thursday 10 August 2017 1 In a doorstop interview on a cold and winter day in Canberra the former Prime Minister Tony Abbott made his intentions known as to how he will campaign for the ‘NO’ vote. He intends linking it to free speech. He intends linking it to political correctness. He intends linking it…

The post Day to Day Politics: Abbott makes his intentions known. appeared first on The AIM Network.

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MacroBusiness Thursday, August 10, 2017 - 00:25 Source

By Leith van Onselen The most recent opinion polls have not been kind to the Victorian Labor Government. In March, a Reachtel Poll showed the Andrews Labor Government was down 46%-54% on a two-party preferred basis. Whereas a Galaxy Poll published in June showed Labor trailing the Coalition 47-53 on a two-party basis. Although mid-term

The post The population monster swallowing our governments appeared first on MacroBusiness.

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MacroBusiness Thursday, August 10, 2017 - 00:20 Source

By Leith van Onselen This week, we have experienced a strange phenomenon. On Tuesday, the NAB’s business survey reported that business conditions are running at their strongest level since the Global Financial Crisis (GFC), whereas yesterday Westpac’s consumer sentiment survey revealed that “pessimists” have outnumbered “optimists” for nine consecutive months – the longest run of

The post Explaining the gulf between consumer and business sentiment appeared first on MacroBusiness.

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North Coast Voices Thursday, August 10, 2017 - 00:16 Source

The Age, 4 August 2017:State and territory health ministers say hospital treatments and services will suffer under a Commonwealth proposal to withhold budgeted funds and reduce spending.Federal Health Minister Greg Hunt has drafted a directive to the Independent Hospital Pricing Authority to review its public hospital funding method.It would result in retrospective funds not being paid and reduced services in future, Queensland Health Minister Cameron Dick said in a joint statement issued

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North Coast Voices Thursday, August 10, 2017 - 00:15 Source

The Daily Examiner, 3 August 2017, p.3:Fishing closureANGLERS are reminded the annual three-month fishing closure of the Mann and Nymboida Rivers and their tributaries is now in effect.The closed waters include the Mann River and all of its tributaries upstream of its junction with the Clarence River; and the Nymboida River and all of its tributaries from its junction with the Mann River upstream to Platypus Flat.The closure does not apply to notified trout waters.All fishing in the specified area is prohibited until October 31 to enable the endangered Eastern Freshwater Cod to spawn uninterru

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

By Leith van Onselen Yesterday, Cory Bernardi from the Australian Conservatives released its manifesto, which correctly called for Australia’s migrant intake to be halved but stupidly called for Australia to withdraw from the United Nation’s refugee Convention: Key Points: Immigration to Australia must be in our economic, social and cultural interest. Migrants should contribute to

The post Cory Bernardi talks half sense on immigration appeared first on MacroBusiness.

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MacroBusiness Thursday, August 10, 2017 - 00:01 Source

Global Macro / Markets / Investing: For The First Time Since The Tech Bubble The Market No Longer Rewards “Beating” Companies – Zero Hedge The economic crash, ten years on – Red Pepper Volatility Gauges Tumble to New Lows Amid Complacency Fears – Bloomberg Where To Find the Unsung Engines of Innovation and Economic Growth

The post Links 10 August 2017 appeared first on MacroBusiness.

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The Australian Independent Media Network Wednesday, August 9, 2017 - 20:33 Source

One of the most quoted lines from Paul Hogan’s “Crocodile Dundee” was: “That’s not a knife… This is an knife!” And so to channel Hoges, “That’s not a referendum. It’s not even a plebiscite” Now I don’t know if I’m correct here but – using Malcolm Roberts as a role model – I’m going to…

The post This Is Not A Plebiscite… It’s Not A Knife Either appeared first on The AIM Network.

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MacroBusiness Wednesday, August 9, 2017 - 16:52 Source

by Chris Becker The Korean troubles are turning the risk mood straight off in Asia with the Yen appreciating against everything on the safe haven bid. Stocks are down across the region, save Australia, while bonds were bid alongside gold. In mainland China the Shanghai Composite has closed down 10 points or 0.3% lower to 3271 points

The post Macro Afternoon appeared first on MacroBusiness.

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Harrangue Man Wednesday, August 9, 2017 - 15:40 Source

I was lost in an event, but more upset than angry, and I saw the cats were fine. One was asleep on the couch backrest and the other curled by the heater.They were not fussed by my fuss; maybe they've adapted to seeing a crying angry me so often. It's good to know.  I hate these moments. I only broke it by physically leaving the house still ranting on the BYB until the exercise and vallium kicked in.It's draining being me. But I'll charge back up; I always do.WFTW.

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Renew Economy Wednesday, August 9, 2017 - 15:07 Source

The nuclear "renaissance" in the US is now over, after another two reactors abandoned, leaving consumers holding the bill.

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Renew Economy Wednesday, August 9, 2017 - 15:03 Source

Big energy retailers didn’t so much blink, as wink in face of Turnbull’s “eyeballing” episode. Here’s why they will be high fiving each other in the Qantas lounge at Canberra airport.

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Renew Economy Wednesday, August 9, 2017 - 15:02 Source

The PM only had to push energy reforms slightly further to make a world of difference, and protect consumers from the "laziness tax" exploited by utilities.

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Antony Green's Election Blog Wednesday, August 9, 2017 - 14:53 Source

Past Australian experience with voluntary postal ballots shows low turnout, especially amongst younger voters.

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The Australian Independent Media Network Wednesday, August 9, 2017 - 14:44 Source

“I don’t know what he’s saying and I’ve long ago given up trying to interpret what he says” (Senator John McCain on President Donald J. Trump, Aug 8, 2017). Moral equivalence is the enemy of the noble and the exceptional, and the screeching rhetoric currently being fired across the diplomatic bows of Pyongyang and Washington…

The post Promises of Incineration: The Nuclear Playground Gets Busy appeared first on The AIM Network.

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Renew Economy Wednesday, August 9, 2017 - 14:40 Source

Canadian start-up claims it can deliver lowest installed cost per kWh for bulk energy storage with compressed air technology.

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Renew Economy Wednesday, August 9, 2017 - 14:35 Source

ARENA-backed project to test whether excess solar and wind can be used to produce cheap hydrogen, and as a long-term energy storage option.

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John Quiggin Wednesday, August 9, 2017 - 14:17 Source

It’s obvious to anyone who cares to look that the Adani rail-mine-port project is an environmental and economic disaster area, and that claims that it will generate thousands of jobs and billions of dollars in revenue are nonsense. But that’s little comfort to people in the region, facing high unemployment following the end of the mining boom and the general slowdown in the economy. What’s needed is a positive alternative, and a development strategy that’s adapted to the future rather than the post.

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The Australian Independent Media Network Wednesday, August 9, 2017 - 14:00 Source

Denis Bright continues discussion of three scenarios for the future of Australia’s international relations in 2051.   Scenario 2 is the steady state view of international relations. Incremental changes have occurred as the US shares its strategic influence with other responsible middle powers like Australia, China, India, Japan and Indonesia. The old Australia-US Alliance has…

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MacroBusiness Wednesday, August 9, 2017 - 13:47 Source

Cross-posted from The Conversation: Half of all Australians are now able to connect to the NBN. But around 40% of eligible households have chosen not to connect to the network. Our modelling shows that subsidising the NBN is key to encouraging more Australians to connect. This would benefit the economy as a whole, but hurt

The post The NBN needs subsidies if it is to work appeared first on MacroBusiness.

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Your Democracy Wednesday, August 9, 2017 - 13:47 Source
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