Blogotariat

Alice Springs may be able to run on 100 pct renewables for an average five hours a day. Even the fossil fuel generator owners are on board.

There’s been a lot of discussion comparing the recent City of Brisbane council election to the 2022 federal election. Both elections saw a high Greens vote. At the federal election, the Greens won three seats in the inner city of Brisbane, something which exceeded expectations. Expectations were higher at the council election, with talk of the Greens winning up to six wards. The Greens did gain a swing, and won a second ward, but the eventual results didn’t quite meet expectations.

Larry Fink, the head of BlackRock, the world’s largest asset management firm, has warned that demographics will inevitably strain pension systems and that longer lives are projected to force workers to retire later.

The iron ore crash continues unabated, chasing rebar futures lower: The scuttlebutt is terrible: “A weak steel price and thin steel margins, coupled with high ore shipments, have suppressed ore demand and prices,” Cheng Peng, a Beijing-based analyst at Sinosteel Futures, said. Average daily hot metal output in April is expected at between 2.25 million

The post Iron crash reaches the coconuts phase appeared first on MacroBusiness.

Westpac with the note. Government rebates continue to hold down inflation while personal services inflation did pick up. The Monthly CPI Indicator gained 3.4% in the year to February compared to 3.4%yr in both January and December. The February print was a softer than Westpac’s forecast of 3.8% and the market median forecast of 3.5%yr.

The post Treasurer Chalmers defrauds taxpayers to lower inflation appeared first on MacroBusiness.

The ALP sure has learned how to be the LNP: The Albanese government has failed in its bid to rush emergency removal powers for non-citizens through the parliament, with the Senate rejecting their urgency and referring the laws to a parliamentary inquiry for scrutiny. The inquiry won’t report until May 7, meaning the earliest Labor could pass

The post Free the boats. Stop the planes appeared first on MacroBusiness.

HSBC with the note. ◆We believe the market is underestimating the productivity boost AI could deliver to a wide range of sectors ◆Bluesky: rapid AI adoption could drive EPS CAGR of 7.5% over the next decade and justify S&P 500 fair value of c5,900 ◆Overweight US and EM, underweight Europe, UK,and Japan. Upgrade health care

The post The future belongs to America appeared first on MacroBusiness.

Adding a price on mortality caused by carbon emissions might help change consumption patterns for items such as red meat and 4WDs. Smoking laws provide a template.

Can Alice Springs switch off fossil fuels in the middle of the day? Lyndon Frearson from Ekistica on the options and lessons for the NEM. Plus: Eraring and NVES.

Asian share markets are still in mixed conditions without any large economic catalysts besides the usual macro concerns to push risk sentiment around. Last night’s mixed lead from Wall Street isn’t helping as the USD and bond yields continue their see-saw inversion. The still relatively high USD continues to weigh on the Australian dollar which

The post Macro Afternoon appeared first on MacroBusiness.

What is it about British justice that has a certain rankness to it, notably when it comes to dealing with political charges? The record is not good, and the ongoing sadistic carnival that is the prosecution (and persecution) of Julian Assange continues to provide meat for the table. Those supporting the WikiLeaks publisher, who faces…

The post Purgatorial Torments: Assange and the UK High Court appeared first on The AIM Network.

Corporations will be covered by a climate reporting regime under new laws but not yet, as Treasurer Jim Chalmers bends to pressure from the big end of town.

The annual horse-trading over the minimum wage has commenced. The Australian Chamber of Commerce & Industry (ACCI) wants the Fair Work Commission (FWC) to limit the annual minimum wage rise to no more than 2%. The employers’ group contends that inflation is expected to fall to 3%, productivity is declining and the FWC has overcompensated

The post Chamber of Commerce lowballs on minimum wage appeared first on MacroBusiness.