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Renew Economy Friday, November 6, 2015 - 12:57 Source

South Australia's combined share of wind and solar photovoltaic energy will increase from 35 percent of generation capacity to 48 percent by April.

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Renew Economy Friday, November 6, 2015 - 12:55 Source

The Paris climate pledges may not bring the world as close to the 2°C target as we think. There is a notable absence of long term targets.

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Renew Economy Friday, November 6, 2015 - 12:51 Source

Montreal Protocol decides to become both an Ozone and Climate treaty in 2016, as sit moves to curb the potent gases used in refrigeration and air-conditioning.

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The Australian Independent Media Network Friday, November 6, 2015 - 12:47 Source

Last night I had the misfortune to catch an episode of The Verdict on Channel 9 and I was appalled, not only by Karl Stefanovic’s poor hosting skills which see panelists all speaking over the top of each other while Mark Latham shouts his barroom opinions incessantly, but by the absolute rubbish they confidently espouse.

Michelle Payne’s comments about chauvinism after winning the Melbourne Cup led to a discussion about the gender disparity in sport which sees women paid far less than men, not having access to commonly held workplace entitlements, and women’s sport receiving very little coverage in the media.

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MacroBusiness Friday, November 6, 2015 - 12:16 Source

16 dead and 45 missing, share price carnage, but what matters is:

The post How Dumbfax buries a lede appeared first on MacroBusiness.

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MacroBusiness Friday, November 6, 2015 - 12:12 Source

The big iron cow ore boom has gone bust today after last night’s price falls and today’s BHP Brazilian accident. BHP is down -4%, RIO is down -0.4 and FMG is still milking it up 1.4%. Presumably the latter two are benefiting from the assumption that the BHP Samarco mine will have its 30 million

The post Big iron and gas cow boom busts appeared first on MacroBusiness.

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Popular Science Friday, November 6, 2015 - 12:01 Source

In a couple weeks, the Transportation Security Administration, best known as the TSA, will finally be old enough to sign up for an account online. Born in the months immediately after the September 11th attacks, the TSA is meant to serve as a shield against future hijackings, it's blue-gloved agents and security gates are supposed to be barriers through which no threat can pass. But frankly, it is terrible at its job. Yesterday, Inspector General John Roth testified before the House Committee on Oversight and Government Reform, and his verdict on the TSA was brutal.

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Popular Science Friday, November 6, 2015 - 12:01 Source

Genome editing company Editas Medicine plans to use CRISPR to treat an inherited eye disease, the company's president announced this week at the EmTech conference in Cambridge, Massachusetts, as MIT Tech Review reports. In a bid to be the first of at least a dozen companies to use CRISPR in a clinical setting, the company intends to test its treatment on patients before 2017.

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Popular Science Friday, November 6, 2015 - 12:01 Source

Methane is a potent greenhouse gas that we're all very worried about here on Earth. But up in space? That's a whole different ballgame.

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Popular Science Friday, November 6, 2015 - 12:01 Source

Jetpacks are here, but they're unevenly distributed to a couple of guys who love doing stunts in Dubai. French daredevil and pilot Yves Rossy, also known as Jetman, has flown over the Grand Canyon and in Rio de Janeiro, but he seems to have really found a home in the skies above the United Arab Emirates. Rossy, not content to simply dance in the sky with his protege Vince Reffet, now flies alongside an Emirates Airlines Airbus A380. Like this:

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Popular Science Friday, November 6, 2015 - 12:01 Source

Billions of years ago, Mars might have looked a lot like Earth. It had vast amounts of water on its surface, and it was wrapped in a nice thick atmosphere. Now, after losing 99 percent of its atmosphere, the red planet is cold, dry, and brutal. What kind of cataclysm could cause such a transformation?

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Popular Science Friday, November 6, 2015 - 12:01 Source

In Colombia in 2013, a man showed up to a hospital with a confusing array of symptoms. He was gaunt, having lost a lot of weight in the past few months. He was HIV-positive and hadn't been taking his medication. He was fatigued, with a fever and a cough. Stool samples revealed that he was carrying the parasite Hymenolepis nana, a common type of tapeworm; strangely, a scan showed cancer-like nodes in his lungs and lymph nodes.

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Popular Science Friday, November 6, 2015 - 12:01 Source

Can't get enough of “life” in three dimensions from the big screen? There's now an option within an app for that. Following in the footsteps of movie theaters everywhere, Youtube has created a format for 3D viewing.

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Popular Science Friday, November 6, 2015 - 12:01 Source

America's favorite apocalypse returns next Tuesday. Today Bethesda released the launch trailer for Fallout 4, the eighth game exploring the post-nuclear wasteland. Moving the series away from the US West Coast where most of the games took place, and north of Fallout 3's District of Columbia, Fallout 4 puts our new protagonists just outside of Boston. And in the grim darkness of this alternate near-future, it looks like the greatest danger is the Massachusetts Institute of Technology.

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Popular Science Friday, November 6, 2015 - 12:01 Source

How long does it take to get a broken cooling system back to normal? If it's on the International Space Station (ISS), it might take three years.

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Popular Science Friday, November 6, 2015 - 12:01 Source

Legal drone delivery may still be a ways off, but quadcopters have been smuggling contraband into prisons for years now. Quadcopters are cheap enough and powerful enough to carry a few pounds of goods, like cigarettes, knives, cell phones, or drugs over a prison fence, and they're sometimes even recovered from the drop to do it again. Prisons, which understandably don't want drones to do this, are now looking for ways to keep the robots out.

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MacroBusiness Friday, November 6, 2015 - 11:47 Source

Usually I find the quarterly Statement on Monetary policy a boring document. And for the most part today is no different. The RBA has slashed its inflation outlook and trimmed growth: Inflation has dropped between -0.5% to 0-.75% over the next year. Growth was nudged down from a 2-3% range to 2.25%. Here’s good summary

The post RBA releases delusional SoMP appeared first on MacroBusiness.

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MacroBusiness Friday, November 6, 2015 - 11:14 Source

By Leith van Onselen Following the implementation of new laws in the ACT, which permit ride sharing services like Uber-X to operate along the lines of a hire car businesses, meaning they can pick-up pre-booked passengers, the Federal Government is considering allowing public servants to use ridesharing, in a bid to save taxpayers money. From

The post Federal Government backs Uber appeared first on MacroBusiness.

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xkcd.com Friday, November 6, 2015 - 11:00 Source

Markets have been rocked by a second day of uncertainty after someone set up a giant Ouija board on the NYSE wall controlled collectively by the movement of the stock tickers.

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MacroBusiness Friday, November 6, 2015 - 10:51 Source

Shit: A dam holding back waste water from an iron ore mine owned by BHP Billiton and Brazil’s Vale burst on Thursday in the Brazilian state of Minas Gerais, and local media reported as many as 16 people may have been killed. Mining company Samarco, a joint venture between BHP and Vale, said in a statement it

The post 16 dead, 45 missing in BHP Brazil disaster appeared first on MacroBusiness.

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MacroBusiness Friday, November 6, 2015 - 10:40 Source

Not sure how to use or trade these but noticed them in the new IG newsletter and thought some of you would be interested: Hedge your exposure to materials stocks – the world’s most commonly used metal, iron ore, is now available to trade. Making up 65% of Australia’s exports to China, the price of iron

The post New iron ore CFDs appeared first on MacroBusiness.

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MacroBusiness Friday, November 6, 2015 - 10:10 Source

By Leith van Onselen The Business Council of Australia (BCA) has called on the Turnbull Government to slash company taxes in a bid to boost productivity. From The AFR: The corporate sector has urged Prime Minister Malcolm Turnbull to make cutting business taxes a priority… Business Council of Australia president Catherine Livingstone used her speech

The post BCA talks its book on tax reform appeared first on MacroBusiness.

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MacroBusiness Friday, November 6, 2015 - 10:09 Source

Today Miranda Maxwell rightly points out that Australia’s mortgage data debacle is deep: In February, the ABS had to admit first home buyer statistics had been flawed since October 2012 after underreporting by Australia’s banks on the number of loans made to first home buyers. Banks are supposed to report monthly on the total number of homes

The post Is somebody going to be sacked for the mortgage data debacle? appeared first on MacroBusiness.

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MacroBusiness Friday, November 6, 2015 - 09:48 Source

From the Madometer today: Concerns that out-of-cycle rate hikes might harm consumer spending or in some way shock the economy are misplaced. Consumers are in a strong position, much stronger than is commonly perceived. …The broader and more important point, notwithstanding the very modest nature of these recent hikes, is that consumers are actually in

The post Madometer signals rate hikes shock appeared first on MacroBusiness.

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MacroBusiness Friday, November 6, 2015 - 09:37 Source

From Macquarie: The global steel industry roughly doubled in size from 2000-2014 at a CAGR of 4.8%. For this to transition to an expectation of zero growth was always going to be a shock, but the speed with which the industry hit the buffers over 2015 was certainly more aggressive than previously expected. As we

The post Macquarie scraps global steel outlook appeared first on MacroBusiness.

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MacroBusiness Friday, November 6, 2015 - 09:23 Source

From the AIG: •      The Ai Group/HIA Australian Performance of Construction Index (Australian PCI®) expanded for a third month in October, at a rate broadly unchanged from September (up 0.2 points to 52.1). •      The construction activity sub-index contracted slightly in October (down 1.2 points to 49.5) after two months of expansion, but new orders

The post Construction PMI holds up appeared first on MacroBusiness.

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Table Talk: Bob Ellis on Film and Theatre Friday, November 6, 2015 - 09:17 Source

Curious that the experts on our side all claimed that ISIS was kidding when it said it had bombed the Russian plane that crashed in Sinai.

When has ISIS lied? What threatened beheading did not take place? What smashing up of what Biblical temple? What forced marriage of what girls of what religious minority?

What interest do its people have in lying? Or exaggerating?

What?

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MacroBusiness Friday, November 6, 2015 - 09:16 Source

I noted earlier this week that Port Hedland October shipments were weak. UBS has more: Port Hedland exports 36.5Mt in October 2015 The Port Hedland Port Authority has released export data for October 2015. Iron ore exports totalled 36.5Mt for October 2015 (-7% m/m & -3% y/y). This brings YTD exports to 371.2Mt, up 8.5%

The post What drove Port Hedland weakness? appeared first on MacroBusiness.

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Delimiter Friday, November 6, 2015 - 09:14 Source

Red Cloud Ltd, a data centre services provider, has announced it will build a $40-million, resilient, Tier-3 data centre in Hobart using proven state-of-the-art modular technology.

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Delimiter Friday, November 6, 2015 - 09:13 Source

Australia must take care not to miss out on the benefits of the ‘next great disruptor’ – the Internet of Things – according to a report published last week by the newly formed Communications Alliance Internet of Things (IoT) Think Tank.

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