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MacroBusiness Tuesday, September 18, 2018 - 08:49 Source

Via the FT: Donald Trump has moved to slap a 10 per cent tariff on about $200bn in Chinese imports beginning next week and threatened to increase the rate to 25 per cent in 2019 if no deal is reached to ease trade tensions between the US and China. …“I urge China’s leaders to take swift

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MacroBusiness Tuesday, September 18, 2018 - 08:15 Source

By Chris Becker A very wobbly start indeed to the trading week as trade tensions hang over the entire risk complex, with US markets now finally catching up to a distracted Trump, ready to unload another round of tariffs – for what reason, no one knows… Treasury 10 year yields hit their highest level since

The post Macro Morning appeared first on MacroBusiness.

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Cheeseburger Gothic Tuesday, September 18, 2018 - 07:12 Source

Somebody planted this very official looking sign in Belmore Park. These are all excellent rules and would make a much better Constitution than the load of old cods we have now.

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MacroBusiness Tuesday, September 18, 2018 - 07:00 Source

It’s not going well for love, via The Guardian: Ann Sudmalis has used parliamentary privilege to blast a state Liberal MP, Gareth Ward, accusing him of “bullying, betrayal and backstabbing” and flexing “his vengeance on strong Liberal women”. The member for Gilmore, flanked by fellow Liberal Jane Prentice, who lost her preselection earlier this year,

The post Coalition love only for dudes appeared first on MacroBusiness.

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MacroBusiness Tuesday, September 18, 2018 - 00:20 Source

Because “dollar” implies a certain amount of credibility. Credibility currently missing from our national underpinnings. Let’s review the options for a rebranding: Afghanistan Afghan afghani AFN Albania Albanian lek ALL Algeria Algerian dinar DZD Andorra Euro EUR Angola Angolan kwanza AOA Antigua and Barbuda East Caribbean dollar XCD Argentina Argentine peso ARS Armenia Armenian dram

The post It’s time we renamed the Australian dollar appeared first on MacroBusiness.

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MacroBusiness Tuesday, September 18, 2018 - 00:20 Source

By Leith van Onselen Last week, the chair of the Migration Council of Australia (MCA) and big business lobbyist for the Australian Industry Group (AIG), Innes Willox, repeated the claim that Australian businesses are experiencing widespread skills shortages: The AI Group surveyed about 300 businesses and 75 per cent of them reported skills shortages, meaning they

The post Migration Council’s skills shortage claim destroyed appeared first on MacroBusiness.

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MacroBusiness Tuesday, September 18, 2018 - 00:15 Source

It’s Domainfax crucifiction! Since its parent had the temerity to forecast a property crash (didn’t Sixty Minutes get the Domain memo?) it’s gone on the attack with a piece in which “experts rubbish” crash claims: Experts have questioned claims of a 40 per cent drop in Australia’s house prices, made over the weekend on 60 Minutes.

The post Martin North strung up next to Steve Keen appeared first on MacroBusiness.

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MacroBusiness Tuesday, September 18, 2018 - 00:12 Source

By Leith van Onselen From CoreLogic’s latest Pain & Gain report comes news that 14.8% of apartments transacted across Australia in the June 2018 quarter sold at a loss: This was the highest level since the late-1990s: As shown above, New South Wales, Regional Victoria, and Hobart were the outlier, with every other apartment market

The post CoreLogic: 15% of apartments selling for a loss appeared first on MacroBusiness.

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MacroBusiness Tuesday, September 18, 2018 - 00:10 Source

By Leith van Onselen The Australian Bureau of Statistics yesterday released its overseas short-term arrivals and departures figures for July, which continued to show a trend rise in the number of inbound visitors, with both Chinese arrivals and student arrivals hitting an all-time high. The number of short-term visitor arrivals rose a seasonal 19.7% in

The post Foreign student arrivals hit record high in July appeared first on MacroBusiness.

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MacroBusiness Tuesday, September 18, 2018 - 00:01 Source

Global Macro / Markets / Investing: I Came of Age During the 2008 Financial Crisis. I’m Still Angry About It. – NY Times Financial sector remains an impenetrable black box – FT Banks jump on to the fintech bandwagon – FT Why claims that the 2008 bailout was a “success” should make you angry –

The post Links 18 September 2018 appeared first on MacroBusiness.

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The Australian Independent Media Network Monday, September 17, 2018 - 22:59 Source

By Henry Johnston Auguste Rodin’sThe Thinker is universally regarded as a symbol of science and philosophy. But Rodin originally called it The Poet as a detail of a larger work known as The Gates of Hell to be used as an entrance to a Parisian museum. Neither the museum nor the bronze doors — the…

The post What do think tanks think? appeared first on The AIM Network.

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Club Troppo Monday, September 17, 2018 - 22:57 Source
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Club Troppo Monday, September 17, 2018 - 22:18 Source
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The Australian Independent Media Network Monday, September 17, 2018 - 20:16 Source

Breaking news….well kind of. Company linked to alleged foreign bribery conspiracy in Nauru received $2.5m Australian government contract Shock horror.  Our AFP have discovered corruption in Nauru….eventually. Which leads me to repost an article I wrote over two years ago….. August 14, 2016 In June [2016], in an interview with A Current Affair, Nauru’s Justice Minister…

The post Complicit in corruption reprint appeared first on The AIM Network.

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Your Democracy Monday, September 17, 2018 - 17:05 Source

peace prize...

Gandhi taught that nonviolence does not mean passivity. No. It is the most daring, creative, and courageous way of living, and it is the only hope for our world. Nonviolence is an active way of life which always rejects violence and killing, and instead applies the force of love and truth as a means to transform conflict and the root causes of conflict.

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The Australian Independent Media Network Monday, September 17, 2018 - 17:03 Source

Regardless of the prognostications of politics in Australia, the ‘message’ delivered by politicians from the larger parties is always professional, well-rehearsed and well delivered. Even as the dust was settling on the Turnbull/Dutton/Morrison brouhaha recently, Morrison had his message sorted (‘he’s representing us’ in case you didn’t pick up on it). It’s just like a…

The post Marketing Pixiedust appeared first on The AIM Network.

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MacroBusiness Monday, September 17, 2018 - 16:09 Source

A mixed start to the week here in Asia with Chinese bourses continuing to tumble on the back of increased rhetoric surrounding the trade spat between the US and China. Taking the air out of this foul wind is the fact that Japanese markets are closed with currency markets relatively sanguine. The Shanghai Composite is down nearly

The post Macro Afternoon appeared first on MacroBusiness.

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En Passant Monday, September 17, 2018 - 16:03 Source


(Meme via @RandaltsRandal)

Complete with a new leader, this Government remains in complete disarray — merely keeping the seat warm for Labor, I write in Independent Australia.

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George Monbiot Monday, September 17, 2018 - 15:53 Source

How one young woman broke down the gates of knowledge

By George Monbiot, published in the Guardian 13th September 2018

 

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Cheeseburger Gothic Monday, September 17, 2018 - 15:45 Source

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Renew Economy Monday, September 17, 2018 - 15:17 Source

Japanese energy giant reveals plans to halve its ownership of coal power by 2030, and withdraw completely from building new coal fired generators.

The post Japan’s Marubeni deals “body blow” to coal, in pivot to renewables appeared first on RenewEconomy.

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Your Democracy Monday, September 17, 2018 - 15:03 Source

nofunnofun

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Renew Economy Monday, September 17, 2018 - 14:51 Source

S&P Global Ratings says government intervention to prop up existing coal power, and underwrite the development of new, would be "credit negative" for the energy sector.

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Renew Economy Monday, September 17, 2018 - 14:48 Source

Victorian Greens call for an end to coal fired generation and a transition to 100 per cent renewables by 2030.

The post Greens call to phase out coal in Victoria, 100% renewables by 2030 appeared first on RenewEconomy.

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Renew Economy Monday, September 17, 2018 - 14:48 Source

Victorian Greens call for an end to coal fired generation and a transition to 100 per cent renewables by 2030.

The post Greens call to phase out coal in Victoria, 100% renewables by 2030 appeared first on RenewEconomy.

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MacroBusiness Monday, September 17, 2018 - 14:30 Source

By Leith van Onselen Another German discount supermarket giant, Kaufland, is reportedly preparing to enter Australian: German supermarket giant Kauf­land is quickly filling out its senior managerial and administrative ranks to prepare for a possible launch of its discount stores in Australia next year… In particular, Kaufland is seeking to hire area managers that would

The post Another German supermarket to rain on Coles/Woolies parade appeared first on MacroBusiness.

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Renew Economy Monday, September 17, 2018 - 14:10 Source

As Coalition ramps up attack on wind and solar, new report finds new renewable generation coming online the “only thing” currently helping lower electricity prices in Australia.

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Your Democracy Monday, September 17, 2018 - 14:09 Source
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Renew Economy Monday, September 17, 2018 - 14:07 Source

Energy minister Angus Taylor says high levels of renewables cause "de-industrialisation" and will wreck the economy.

The post Taylor launches extraordinary and ill-informed attack against wind and solar appeared first on RenewEconomy.

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MacroBusiness Monday, September 17, 2018 - 14:00 Source

By Leith van Onselen Actuarial consultants, Rice Warner, are the latest group to claim that Australia’s compulsory superannuation system is costing taxpayers more than it saves in Aged Pension costs. From The Australian: The government’s age pension bill will be weighed by dismal ­returns in the bank-run super­annuation “choice” sector, according to a report from

The post Rice Warner: Compulsory super costs more than it saves appeared first on MacroBusiness.

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