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Renew Economy Wednesday, May 31, 2017 - 13:40 Source

Will he stay or will he go? Protesters at last week’s G7 meeting don’t know either.

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Renew Economy Wednesday, May 31, 2017 - 13:38 Source

Argentina reveals plans for 1GW solar plant that will provide power 24/7, meaning with battery storage.

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Renew Economy Wednesday, May 31, 2017 - 13:34 Source

Josh Frydenberg over-egged the success of a CCS plant he visited in US, and now he's done the same in Australia with new CEFC mandate.

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Renew Economy Wednesday, May 31, 2017 - 13:21 Source

Telstra plans big rollout of solar at exchanges, using back up generators in wholesale markets for grid security, but appears to be backing off plans to enter home solar and storage market.

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Renew Economy Wednesday, May 31, 2017 - 13:21 Source

Telstra plans big rollout of solar at exchanges, using back up generators in wholesale markets for grid security, but appears to be backing off plans to enter home solar and storage market.

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MacroBusiness Wednesday, May 31, 2017 - 13:00 Source

Citi has a pointed piece today on SEEK as it cuts it to sell. It might as well be talking about Australia: Downside risk in ANZ Employment Seek’s core business, ANZ Employment, has delivered particularly strong revenue growth over the past three years, benefiting in particular from strong growth in job ads despite a much

The post SEEK cut to sell on looming blue collar jobs bust appeared first on MacroBusiness.

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MacroBusiness Wednesday, May 31, 2017 - 12:44 Source

The Guardian: A director of the independent board due to provide recommendations regarding a $900m taxpayer loan to Adani publicly declared she was “very supportive” of its “vital” coal project, a day after she was accused of allowing a perceived conflict of interest to develop. Karla Way-McPhail, who runs mining labour and equipment hire companies,

The post Adani loan rife with conflicts appeared first on MacroBusiness.

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MacroBusiness Wednesday, May 31, 2017 - 12:36 Source

Iron ore has re-opened in Dalian and immediately sunk to new correction lows, coking coal is down even harder: Big iron ore down a little but not enough. RIO’s coconut business is booming: Big Gas is down and STO is paying for its magnificent strategy of blackmailing the country: Big Gold plods on: The Big

The post Iron ore crashes, ASX jumps appeared first on MacroBusiness.

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Renew Economy Wednesday, May 31, 2017 - 12:34 Source

SolarEdge will unveil innovations including next-generation power optimizer and large-capacity commercial inverters.

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Harrangue Man Wednesday, May 31, 2017 - 12:14 Source

There was construction by the side of the bike path so the path turned from level tar to sloped, rugged grass. Good for pedestrians and two-wheeled bikes; bad for three wheels. I tried to keep on the right side of the cones but the trike had other ideas and down the slope I went. I was tipping as I came close to the lamppost and me and the BYB fell into it.

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MacroBusiness Wednesday, May 31, 2017 - 11:50 Source

By Leith van Onselen The Reserve Bank of Australia (RBA) has released its private sector credit aggregates data for the month of April 2017: A chart showing the long-run breakdown in the components is provided below: Personal credit growth (-0.1% MoM; -0.4% QoQ; -1.5% YoY) is still in the gutter and falling, whereas business credit

The post Investors continue to drive record mortgage binge appeared first on MacroBusiness.

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MacroBusiness Wednesday, May 31, 2017 - 11:41 Source

Via AFR: One of the nation’s biggest mutual lenders has cut interest-only loans in half and hiked interest rates by 40 basis points, heralding a tough new phase in attempts to cut back on risky borrowing. It means borrowers will have to take out two loans for a single property – a minimum principal and

The post Mutuals spank specufestors with double rate hike appeared first on MacroBusiness.

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MacroBusiness Wednesday, May 31, 2017 - 11:37 Source

First, the non-manufacturing index registered 54.5, up from 54 in April: Sub-sectors, the service business activity index was 53.5% , higher than last month 0.9 percentage points, the service industry growth rate has accelerated. In the industry sector, the business activities index, such as retail trade, rail transport industry, air transport industry, postal service industry,

The post China’s PMI’s power on appeared first on MacroBusiness.

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MacroBusiness Wednesday, May 31, 2017 - 11:31 Source

It ain’t over ’til it’s over. China’s steel PMI is out today and printed big at 54.8 with new orders ripping higher to 60.5 from 46.9 last month. Output was also thumping along at 58.2 up 2 points: Dalian iron ore is still sagging but not on this data! Always bear in mind that this

The post China’s steel PMI goes boom! appeared first on MacroBusiness.

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MacroBusiness Wednesday, May 31, 2017 - 11:15 Source

APRA data for April out just now. Month on month investor loans for the big eight up 0.3%: ANZ CBA MAC NAB SUN WBC BEN SUN Total Apr-17 0.3 0.3 0.3 0.4 0.1 0.4 0.2 -0.2 0.3 Mar-17 0.5 0.2 -0.2 0.6 0.4 0.4 0.0 -2.4 0.3 Feb-17 0.3 0.4 -0.8 0.5 0.3 0.3 0.9

The post APRA specufestor loans steady appeared first on MacroBusiness.

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MacroBusiness Wednesday, May 31, 2017 - 10:57 Source

By Leith van Onselen The Reserve Bank of New Zealand (RBNZ) has released its bi-annual Financial Stability Report (FSR), which once again dissects the nation’s (read Auckland’s) housing bubble and warns on risks to financial stability and the macro economy. Below are the key extracts pertaining to the housing market: House price growth has slowed

The post RBNZ dissects NZ housing bubble appeared first on MacroBusiness.

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Renew Economy Wednesday, May 31, 2017 - 10:32 Source

Younicos has signed an agreement to deliver a megawatt-scale battery storage system to Austin Energy.

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MacroBusiness Wednesday, May 31, 2017 - 10:08 Source

By Leith van Onselen CoreLogic’s dwelling price results are in for May, with a 0.98% fall in values recorded over the month at the 5-city level, driven by Melbourne (-1.68%) and Sydney (-1.32%): It was the first decline in home values in 18 months: Over the quarter, price growth slumped to 0.55% at the 5-city

The post CoreLogic: Home values fall 1% in May appeared first on MacroBusiness.

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xkcd.com Wednesday, May 31, 2017 - 10:00 Source

Kenneth Arrow hated me because the ordering of my preferences changes based on which voting systems have what level of support. But it tells me a lot about the people I'm going to be voting with!

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MacroBusiness Wednesday, May 31, 2017 - 09:49 Source

This is bloody stupid, Pauline, via The Australian: One Nation has put key budget measures worth at least $5 billion in doubt as the minor party hardens its stance against the government’s agenda, declaring it will oppose almost all Coalition bills unless ABC funding is slashed. As leaked recordings embroil One Nation leader Pauline Hanson

The post Pauline Putin in ABC overreach? appeared first on MacroBusiness.

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MacroBusiness Wednesday, May 31, 2017 - 09:42 Source

By Chris Becker   A mixed return from US traders overnight as the broader S&P500 fell while tech stocks advanced, while European bourses retreated as EZ confidence retreated as did the German CPI print, coming in lower than expected. While US economic measures were sound, doubt remains on the other side of Chimerica with today’s

The post Macro Morning appeared first on MacroBusiness.

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MacroBusiness Wednesday, May 31, 2017 - 09:37 Source

By Gareth Aird, Senior Economist at CBA Key Points: Retail trade growth is soft primarily because demand for discretionary goods has slowed on weak household income growth. The slowdown in sales growth has been broad-based across Australia’s states and retail-related employment has declined. The fall in retail trade volumes growth suggests that disinflation in the

The post What driving Australia’s retail carnage? appeared first on MacroBusiness.

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MacroBusiness Wednesday, May 31, 2017 - 09:36 Source

The post View from the pit appeared first on MacroBusiness.

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MacroBusiness Wednesday, May 31, 2017 - 09:32 Source

Via Credit Suisse: Bank Levy: 2-5% cost inflation The 2017/18 budget has announced a 6bp levy on bank liabilities on the four major banks and MQG effective 1 July. However with the initial budget papers scant on details on the levy with have delayed updating our models until the bill was introduced into parliament. Details

The post Measuring the bank damage appeared first on MacroBusiness.

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Renew Economy Wednesday, May 31, 2017 - 09:29 Source

Telstra signs deal for 70MW solar farm in Queensland to help manage energy costs. It is yet another sign that the corporate PPA market for wind and solar is finally taking off in Australia, and is the first move of the new Telstra Energy division.

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MacroBusiness Wednesday, May 31, 2017 - 09:20 Source

By Leith van Onselen It’s the claim that just won’t die – that Adani’s Carmichael coal project will generate 10,000 direct and indirect jobs. Federal Coalition ministers and the Queensland Government have been making this claim for years, and the media frequently prints the figure. A case in point is the Courier Mail, which printed

The post The truth about Adani jobs appeared first on MacroBusiness.

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The Australian Independent Media Network Wednesday, May 31, 2017 - 09:00 Source

By Kyran O’Dwyer WTF? There was a yarn I heard some years ago about a fellow listening to the morning news. The ‘lead’ item was about a car travelling the wrong way on a freeway. Knowing that his friend was going to be on that freeway that morning, he called the mobile and said to…

The post How can we fix this mess? appeared first on The AIM Network.

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Prosper Australia Wednesday, May 31, 2017 - 08:26 Source

The NSW government is reneging on the small, high quality reform of funding emergency services with a land charge instead of the very bad levy on fire insurance. Blue-rinse dragons of Mosman saw red – they will be paying $500 a year on median land values of $1.84 million while scumbag Fairfield holders with a […]

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North Coast Voices Wednesday, May 31, 2017 - 07:52 Source

Clarence Valley Council, media release, 30 May 2017:Rates roundtables kick off on ThursdayTHE first of a series of “roundtables” where people can discuss a possible application by the Clarence Valley Council for a special rates variation is to be held in Iluka on Thursday (June 1). Council is considering making an application for an 8% rate rise each year for three years (cumulative impact of 25.9%) but is keen to consult with the community to see if there are other proposals that would help it meet the NSW Government’s Fit for the Future financial benchmarks.

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The Australian Independent Media Network Wednesday, May 31, 2017 - 05:52 Source

Wednesday 31 May 2017  Before I go on with my weekly summary, I wanted to connect with you on a few things and see if you agree. On June 1 in the year 2017 just where are we. What are we facing and what are governments of all persuasions  doing to improve the lot of…

The post Day to Day Politics: A question of doom and gloom. appeared first on The AIM Network.

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