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Renew Economy Monday, June 17, 2019 - 14:49 Source

battery storage wind solar - optimisedExperience from the Tesla big battery shows that artificial intelligence could be the key to managing an energy market, and is five-times more effective than human traders.

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MacroBusiness Monday, June 17, 2019 - 14:30 Source

From CoreLogic comes a spruik about granny flats as a solution to Australia’s housing affordability woes: More than half a million home owners across Australia’s eastern seaboard have enough space on their property to build a granny flat, which could boost home values by 30 per cent and add around 27% to rental income. Combined

The post Australia set for a granny flat boom appeared first on MacroBusiness.

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THE BLOT REPORT Monday, June 17, 2019 - 14:20 Source

The post John Stuart Mill quote appeared first on THE BLOT REPORT.

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Renew Economy Monday, June 17, 2019 - 14:18 Source

open cut mine in the Hunter ValleyThe international coal price is collapsing, thanks to increase in supply from Indonesia and Australia, while renewables are losing the fight in Queensland.

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MacroBusiness Monday, June 17, 2019 - 14:00 Source

MB’s call for a royal commission into Australian construction standards and practices has received support from Martin North, John Adams and Edwin Almeida, who discussed the issue in detail last night. Interestingly, Edwin Almeida claims that there are also widespread problems with low-rise construction, and points the figure at all levels of government. He also

The post Australia needs a royal commission into high-rise ‘death towers’ appeared first on MacroBusiness.

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MacroBusiness Monday, June 17, 2019 - 13:40 Source

By Leith van Onselen The Australia Institute (TAI) has released new research showing that men will receive the lion’s share of the Coalition’s higher-income tax cuts: The final stage of the Morrison Government’s unlegislated income tax plan, stage 3(a) favours males by a ratio of almost two to one, according to a new distributional analysis

The post Coalition tax cuts to favour men over women appeared first on MacroBusiness.

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MacroBusiness Monday, June 17, 2019 - 13:20 Source

In all the years following the CoreLogic daily dwelling values index, I can’t remember ever seeing wall-to-wall falls across all major markets on a daily, quarterly and annual basis: Certainly one to frame and put on display in the economic pool room.

The post CoreLogic daily index paints sea of red appeared first on MacroBusiness.

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Renew Economy Monday, June 17, 2019 - 13:09 Source

World leading wind, solar and Tesla battery project was built months ago, but has still not been connected to the grid or energised.

The post Kennedy solar-wind-battery project stuck in connection doldrums appeared first on RenewEconomy.

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Prosper Australia Monday, June 17, 2019 - 12:52 Source

What: Housing and Homelessness – The Fabians Where: Melbourne Multicultural Hub – Green Room | 506 Elizabeth St. Melbourne When: Wednesday, June 26 Time: 6pm Cost: Free – RSVP here The Australian Fabians are running an interactive event on “Housing and Homelessness” that coincides with the time we normally run our own discussion night. So we […]

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MacroBusiness Monday, June 17, 2019 - 12:50 Source

By Leith van Onselen The REINZ has released its house price data for May, which revealed a 0.5% seasonally adjusted fall in the national median house price, with prices up just 3.6% year-on-year: Outside of Auckland, seasonally adjusted house prices rose by 1.0% in May, with prices up 7.3% year-on-year. Looking at the major cities,

The post Auckland house sales plummet to 9-year low appeared first on MacroBusiness.

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Renew Economy Monday, June 17, 2019 - 12:48 Source

Official opening of Gannawarra solar and storage project, whose 60MW of PV and 25MW/50MWh Tesla battery has already provided “invaluable” services to Victorian grid.

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The Australian Independent Media Network Monday, June 17, 2019 - 12:30 Source

By Maria Millers   Pondering on the results of our recent election it suddenly struck me that we had experienced a Seinfeld moment. Readers may remember the episode where George suggests to Jerry that they pitch an idea for a new show to NBC. The show is to be about nothing. Jerry is sceptical as to…

The post The Election was a Seinfeld Experience appeared first on The AIM Network.

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MacroBusiness Monday, June 17, 2019 - 12:20 Source

By Leith van Onselen Fairfax’s senior business columnist, Stephen Bartholomeusz, believes that recent earnings downgrades at Target, Kmart and Wesfarmers is pointing to “recession-like” conditions for the retail sector: The broader retail environment is recessed – non-food retail sales were falling in the lead-up to the Federal election and the economy is growing at its

The post “Recession-like” conditions hit Australian retail appeared first on MacroBusiness.

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MacroBusiness Monday, June 17, 2019 - 12:00 Source

From Westpac’s Matthew Hassan: Given the intense focus on Australia’s housing markets at the moment and in light of our recent commentary around the best way to interpret auction market results (see here) we are now putting out short previews each Friday and summary updates the following Monday setting out how results should be viewed. Preliminary assessment

The post Westpac: Auction market “solid” appeared first on MacroBusiness.

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Renew Economy Monday, June 17, 2019 - 11:49 Source

Telco Fiber Optic cables and UTP Network cablesAGL withdraws $3 billion bid for Vocus Group, citing uncertainty over the value of the deal, but will continue to seek opportunities to integrate data and energy services.

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MacroBusiness Monday, June 17, 2019 - 11:45 Source

By Leith van Onselen Amid growing concerns over flammable cladding and build quality, alongside fears of an oversupply, developers are hitting the breaks on new apartment projects: According to Steve Mann, the Urban Institute of Australia chief executive, the number of “deferred and abandoned” apartment projects in Sydney has increased 110 per cent in the

The post Huge cracks develop in Sydney’s apartment market appeared first on MacroBusiness.

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MacroBusiness Monday, June 17, 2019 - 11:30 Source

More steaming rubbish from Gottiboff today: I have a warning for Scott Morrison and Josh Frydenberg——many oldies don’t like what you are doing. It all starts with the Reserve Bank, which believes that if it lowers interest rates it will lower unemployment. Ranking second and third are retail and construction. There is no doubt that

The post Gottiboff: Old people power retail appeared first on MacroBusiness.

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Digitopoly Monday, June 17, 2019 - 11:26 Source

Many querulous conversations fan the flames in policy debates about artificial intelligence. Everyone agrees we are transitioning to something, but not on what that will be. Anyone want to venture a guess? It is safe to bet on widespread use of neural networks and deep learning. Anything else?

Some futurists also forecast a confrontation between the US and China. The Chinese government has played no small role in that forecast by broadcasting its aspirations for Chinese firms to take a leading position in AI. That has set off a predictable debate in Washington about whether the US government should do something similar.

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MacroBusiness Monday, June 17, 2019 - 11:15 Source

By Leith van Onselen Macquarie Private Bank founder and executive chairman of fund manager Atlas Advisors, Guy Hedley, has demanded that the Morrison Government open the immigration floodgates to wealthy Chinese. From The Australian: The Morrison government needs to resuscitate the visa scheme designed to lure wealthy Chinese investors… The SIV program grants people who

The post Macquarie founder demands visas for wealthy Chinese migrants appeared first on MacroBusiness.

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MacroBusiness Monday, June 17, 2019 - 11:00 Source

Nothing makes my blood boil more than “tiny homes”. Whether it is the buyers or sellers of the sardine cans, acceptance of their existence represents a gigantic failure of the Australian political economy. Those Millennials that Domain so loves to quote as they gasp out a few words from diaphragms crushed between kitchen cabinet and bed,

The post ScoMo takes huge dump with “tiny homes” push appeared first on MacroBusiness.

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MacroBusiness Monday, June 17, 2019 - 10:45 Source

Bitcoin is back: I won’t even pretend that this is sustainable. Nothing has changed for crypto in my book. It is as worthless and useless as ever. With the same inbuilt contradiction: that if it succeeds it can only fail, given it’s only purpose is subvert a fiat currency system that it does not control.

The post Is Bitcoin back? appeared first on MacroBusiness.

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MacroBusiness Monday, June 17, 2019 - 10:30 Source

More bond rocket records tumbled Friday night as Aussie yields hit record lows across the curve: There is still little in the way of curve steepening: Spreads to the US widened: With the ten year now just 37bps above my 1% target, taking more profits is no bad idea!

The post More bond rocket records tumble appeared first on MacroBusiness.

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THE BLOT REPORT Monday, June 17, 2019 - 10:23 Source

A taxonomist is a
person who studies organisms in part to work out their relationships and the
classificatory framework (i.e. their taxonomy) which explains those
relationships. Creationists have little understanding of taxonomy nor an
understanding of time frames. Some days ago, one creationist asked me, as if to
refute evolution ‘how come there are no humanzees?’ (presumably he meant chimpanzee-human
intermediates). There are two ways to interpret what this creationist means,
and it all depends on context. In the context of someone explaining to him we

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MacroBusiness Monday, June 17, 2019 - 10:15 Source

At the AFR: Finding jobs for Harriet Blomfield, 18, has been easy. But she would prefer to not have to work four different gigs. The Australian Bureau of Statistics estimates that as at March 2019, around 979,583 people had secondary jobs. This is up from 853,248 in March 2017, 852,311 in March 2015, and 782,756

The post We’re all Uber drivers now appeared first on MacroBusiness.

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MacroBusiness Monday, June 17, 2019 - 10:00 Source

By Leith van Onselen On Christmas Eve, all residents at Sydney’s 392-apartment Opal Tower were evacuated after serious cracking was discovered. And five months later, around half of the complex remains unoccupied with engineers still undertaking remediation works. Back in February, Bronwyn Weir – the construction lawyer who last year co-authored a key industry report

The post Another vertical slum evacuated amid severe cracking appeared first on MacroBusiness.

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xkcd.com Monday, June 17, 2019 - 10:00 Source

The Norwegian adaptation of The Sword in the Stone takes things in a weird direction.

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Renew Economy Monday, June 17, 2019 - 09:55 Source

Hyundai unveils plans to commercialise in-wheel motor technology, that allows for better turning capabilities and improved vehicle efficiency.

The post Hyundai advances in-wheel motor technology for electric vehicles appeared first on RenewEconomy.

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Renew Economy Monday, June 17, 2019 - 09:50 Source

South Australia Liberal government says it expects state will be “net” 100 per cent renewables by 2030, heralding the most dramatic shift towards wind and solar and storage technologies of any major grid in the world.

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MacroBusiness Monday, June 17, 2019 - 09:45 Source

Via The Saturday Paper: The federal government is considering further measures to ease the financial burden on pensioners and new moves to force domestic gas prices down, in a deal to secure enough senate support to legislate its proposed tax cuts in their entirety. South Australian senator Rex Patrick and his Centre Alliance colleague Stirling

The post Centre Alliance drive for gas reservation lives appeared first on MacroBusiness.

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MacroBusiness Monday, June 17, 2019 - 09:30 Source

Via Nouriel Roubini: Across the advanced economies, monetary and fiscal policymakers lack the tools needed to respond to another major downturn and financial crisis. Worse, while the world no longer needs to worry about a hawkish US Federal Reserve strangling growth, it now has an even bigger problem on its hands. Last summer, my colleague Brunello

The post Roubini: Global recession 2020 appeared first on MacroBusiness.

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