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Renew Economy Thursday, June 22, 2017 - 13:39 Source

Climate risks are either not understood or wilfully ignored at leadership level in Australia, a profound failure of imagination, and far worse than that which triggered the GFC in 2008.

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Renew Economy Thursday, June 22, 2017 - 13:33 Source

Text used for preparation for citizenship test looks like marketing material for the coal lobby.

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MacroBusiness Thursday, June 22, 2017 - 13:27 Source

From Morgan Stanley: As part of the downside risk stress-testing, we ran our top down US oil production model under a broad $40-60/bbl WTI price range assumption in $5/bbl increments. Key take-aways are: – We estimate that US production will grow 800-1,050Mbbld exit/exit in 2017 with WTI in a broad $45-60/bbl range for the rest

The post More on where oil will bottom appeared first on MacroBusiness.

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Renew Economy Thursday, June 22, 2017 - 13:01 Source

In a sign of just how hot things are getting, American Airlines cancelled 50 flights out of Phoenix because the planes can’t operate above 118°F.

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Renew Economy Thursday, June 22, 2017 - 12:59 Source

New report finds that $2.3 trillion worth of projects are inconsistent with goals and objectives of limiting global warming to 2⁰C.

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Renew Economy Thursday, June 22, 2017 - 12:54 Source

State Grid Corporation of China is conducting a trial to supply all of Qinghai Province with hydro, wind and solar only for 7 consecutive days

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Renew Economy Thursday, June 22, 2017 - 12:47 Source

New solar plant in Queensland will be built at less than half the cost modelled in the Finkel Review, and give a payback to investors in less than 5 years. Small is beautiful for large scale solar.

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MacroBusiness Thursday, June 22, 2017 - 11:40 Source

By Leith van Onselen Back in September, Michael West reported how the Big Four accounting firms have taken corporate welfare to an extraordinary level, earning up at least $2.6 billion in fees from the Australian government over the past ten years at the same time as they advise multinationals on how to avoid paying tax.

The post Consultants are taking taxpayers to the cleaners appeared first on MacroBusiness.

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Renew Economy Thursday, June 22, 2017 - 11:31 Source

Many in financial and corporates sectors remain unaware of importance of 1.5°C target, or can't gauge its relevance and apply it to business and investment.

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Renew Economy Thursday, June 22, 2017 - 11:28 Source

It is not so much the technology but eemissions regulation that matters most: Whether a plant is ultra-supercritical or not matters little, except to profits.

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MacroBusiness Thursday, June 22, 2017 - 11:06 Source

By LF Economics It is well known the yield curve is an accurate predictor of recession and financial instability. When the yield of bonds and bills with shorter-term maturities are larger than that of longer-term maturities (the yield spread inverts), it is a clear indicator economic growth will decline in the near future. The general

The post Yield curve suggests no recession on horizon appeared first on MacroBusiness.

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MacroBusiness Thursday, June 22, 2017 - 10:55 Source

By Leith van Onselen Retired economics professor, Peter Abelson, is the latest to call for stamp duties to be replaced by land taxes, arguing that such a reform could assist housing affordability. From Adam Creighton: Large increases in housing supply would have only a “small” impact on Sydney house prices, according to analysis commissioned by

The post Replacing stamp duties with land taxes would lower house prices appeared first on MacroBusiness.

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Harrangue Man Thursday, June 22, 2017 - 10:10 Source

theboy is the age I was when I got pulled out of a public school and thrust into an all boys private school which is great for people whose bodies work swell and who are tall; it's not so good for the little, non-sporty guy. Not only that I suffered the first onsent of depression, got sent to the school recommended psych for treatment who then promptly molested me during hypnotherapy. Maybe it's some sort of genetic thing in all of us but when we see our younger selves, our children, headed for a period of life that was mostly pain to us, but I get angry.

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MacroBusiness Thursday, June 22, 2017 - 10:05 Source

By Leith van Onselen John Warhurst, an emeritus professor of political science at the Australian National University, has penned a well-argued piece calling for a Royal Commission into political corruption. From The SMH: …we remain relatively unconcerned by the parade of corruption and its near neighbour, unethical insider lobbying, in our public affairs. Too often,

The post We need a Royal Commission into political corruption appeared first on MacroBusiness.

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Your Democracy Thursday, June 22, 2017 - 10:04 Source
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MacroBusiness Thursday, June 22, 2017 - 09:32 Source

From Credit Suise: Slip sliding away? With the sector falling more by the day, we thought it was worth an update on what stocks are pricing in, where balance sheets sit and what the Australian industry is doing (or not as the case may be). Perhaps it is an indictment on where valuations were before,

The post CS: Australian energy sector slip-sliding away appeared first on MacroBusiness.

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MacroBusiness Thursday, June 22, 2017 - 09:23 Source

From Citi:  Safe haven — With foreign investors tending to own close to half of the Australian market, its prospects relative to other markets, particularly in Asia, have some significance for potential flows in and out. Within the key regional benchmark, the MSCI Asia ex Japan index, Australia, as the second largest market, just

The post Citi: Get yourself “underweight” Australian shares appeared first on MacroBusiness.

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MacroBusiness Thursday, June 22, 2017 - 09:23 Source

By Leith van Onselen Statistics New Zealand has released its permanent & long-term migration figures for May 2017, which revealed that annual net permanent and long-term migration into New Zealand hit a record high 71,964 people over the year: According to Statistics New Zealand, migrant arrivals numbered 130,400 in the May 2017 year, versus departures

The post NZ immigration hits another record high appeared first on MacroBusiness.

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MacroBusiness Thursday, June 22, 2017 - 09:10 Source

The post View from the pit appeared first on MacroBusiness.

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The Australian Independent Media Network Thursday, June 22, 2017 - 09:00 Source

What needs to be done for the stinking mainstream media? As I see it, the majority of problems have two origins: Problems Created (in the original design) and; Problems Arising (from result of application). The first can be excused as unforeseen, the second can be deduced from incremental measures while in use. The logic is…

The post Betrayed … by the mainstream media appeared first on The AIM Network.

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The Melbourne Urbanist Thursday, June 22, 2017 - 08:43 Source

The average Melbourne one-way commute could increase by 28 minutes by 2030 according to this newspaper report. Sounds horrendous but it’s scary tabloid journalism Could the average trip to work nearly double by 2030? Really?

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MacroBusiness Thursday, June 22, 2017 - 08:30 Source

By Chris Becker   Another retreat in risk overnight on the back of slumping oil prices with both oil markers now in bear market territory, dragging energy shares down on the S&P500 while tech stocks remain buoyant. While oil is now down over 20% since the start of the year – suck on that OPEC

The post Macro Morning appeared first on MacroBusiness.

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MacroBusiness Thursday, June 22, 2017 - 08:00 Source

The Aussie dollar was weak against DMs last night: Stronger against EMs: Gold firmed: Oil was smacked: Weirdly, base metals surged, probably on China stimulus hopes which are WAY premature: Big miners liked it: EM stocks held on: But US and EM high yield buckled: US bonds were sold and curve hit new flats: European

The post Portfolio implications of the oil correction appeared first on MacroBusiness.

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Your Democracy Thursday, June 22, 2017 - 07:39 Source
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The Australian Independent Media Network Thursday, June 22, 2017 - 06:00 Source

Thursday June 22, 2017 Had they really wanted a bipartisan approach the Prime Minister could have taken up the Opposition Leader’s offer to talk about the Finkel Report. Conversely, the Opposition leader, instead of just saying no, could have supported the Gonski reforms and still come out on top. But Australian politics as it is…

The post Day to Day Politics: Overlooking politics for the common good. appeared first on The AIM Network.

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MacroBusiness Thursday, June 22, 2017 - 04:54 Source

Domainfax & Co are desperately fighting to keep the permanently high plateau for house prices alive today: The housing boom on Australia’s east coast will be over in two years but a crash like the US subprime crisis in 2007 is not likely, research and forecast group BIS Oxford Economics says. The strong house price growth in

The post The housing bubble is going to bust this time appeared first on MacroBusiness.

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MacroBusiness Thursday, June 22, 2017 - 04:43 Source

Via Huffpost: The slowdown in Greater Toronto’s housing market this spring appears to be more than a one-month blip. Sales in the country’s largest housing market have fallen by half, compared to the same period a year earlier, according to real estate board data obtained by Bloomberg. The Toronto Real Estate Board counted 2,999 sales

The post Toronto house prices crash appeared first on MacroBusiness.

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Damian Smith Thursday, June 22, 2017 - 00:18 Source

I haven’t done one of these in a while, so here we go for another round of “why I hate the NSW Blues”. Here’s my player ratings from Origin II:

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MacroBusiness Thursday, June 22, 2017 - 00:17 Source

William Bourke, President of the Sustainable Australia political party, appeared on Mark Latham’s Outsiders last night to talk about the federal government’s mass immigration program – roughly 200,000 per year – and its deleterious impacts on housing, infrastructure, the environment, the labour market, and overall living standards. The discussion starts from 39.25 in the video

The post Mark Latham Outsiders does the immigration ponzi appeared first on MacroBusiness.

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MacroBusiness Thursday, June 22, 2017 - 00:16 Source

Via Domainfax: Australia has dropped five places in a global survey of the best places to live, but it still remains one of the only countries outside Scandinavia in the top 10. According to the Social Progress Index, Australia’s education, medical care and nutrition levels have helped the country tie with New Zealand to reach

The post Straya dumps in “best places to live” survey appeared first on MacroBusiness.

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