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Oz Blog News Commentary
Cheeseburger Gothic Thursday, October 11, 2018 - 18:34 Source

I get a lot of questions about when the next Axis of Time book is due out. Soon, I say, very soon. But that's only because I've been gettng a lot of help from Dirk de Jager and Jason Lambright.

If you're interested in what sort of help, there's a sample scene written by Jason over at his blog, The Interstellar Valley (still one of the greatest blog names ever, I reckon).

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Renew Economy Thursday, October 11, 2018 - 18:00 Source

Tritium installs Australia's 50th publicly accessible DC fast charger at the Hunter Valley Gardens, in Pokolbin.

The post Australia installs 50th public EV fast charger appeared first on RenewEconomy.

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MacroBusiness Thursday, October 11, 2018 - 17:25 Source

A sea of red across Asian stock markets today, once again showing how interconnected risk is, particularly as we move into the “scariest” month of all – October! Following last night’s 2-4% losses, most bourses here lost 3-4%+ with Chinese markets the most affected. Currencies were relatively benign with Yen buying abating and the Aussie

The post Macro Afternoon appeared first on MacroBusiness.

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Renew Economy Thursday, October 11, 2018 - 16:54 Source

Israeli government announces stop to sales of new petrol or diesel cars from 2030, as it pushes for 100% electric cars.

The post Israel commits to 100% electric vehicles, ICE ban by 2030 appeared first on RenewEconomy.

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Renew Economy Thursday, October 11, 2018 - 13:53 Source

Risen Energy buys the 100MW (AC) Merredin solar farm, promising to begin construction of what will be Western Australia's largest solar farm by year end.

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Renew Economy Thursday, October 11, 2018 - 13:48 Source

Big energy professes to be focused on the consumer. But its eagerness to slow down the uptake of rooftop solar shows it still has only one thing on its mind: profits.

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Renew Economy Thursday, October 11, 2018 - 13:48 Source

Big energy professes to be focused on the consumer. But its eagerness to slow down the uptake of rooftop solar shows it still has only one thing on its mind: profits.

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Renew Economy Thursday, October 11, 2018 - 13:43 Source

AEMO's Zibelman says exiting coal fired generation does not mean the lights going out.

The post AEMO’s Zibelman: Transition out of coal does not mean lights going out appeared first on RenewEconomy.

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MacroBusiness Thursday, October 11, 2018 - 13:30 Source

CoreLogic’s head of research, Tim Lawless, has released analysis suggesting the epic mining property bust has finally ended: Since conditions peaked in line with commodity prices and a wind down in infrastructure spending, dwelling values in these regions have moved through a long and deep downturn. Some suburbs have seen the median value of a

The post CoreLogic: Mining property bust has finally ended appeared first on MacroBusiness.

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Renew Economy Thursday, October 11, 2018 - 13:22 Source

Flow Power adds third wind project – in third state – to business retail energy portfolio, with contract with Sapphire wind farm in northern NSW.

The post Flow Power enters NSW market, with Sapphire wind farm PPA appeared first on RenewEconomy.

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Renew Economy Thursday, October 11, 2018 - 13:21 Source

Two new wind farm developments supported by the Andrews Labor Government’s Victorian Renewable Energy Targets (VRET) reverse auction are delivering new industries and jobs for Geelong.

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MacroBusiness Thursday, October 11, 2018 - 13:00 Source

By Leith van Onselen The REINZ has released its house price data for September, which revealed a 0.4% seasonally adjusted increase in the national median house price, with prices up 5.4% year-on-year: Outside of Auckland, seasonally adjusted house prices rose by 1.1% in September, with prices up 8.5% year-on-year. Looking at the major cities, Auckland’s

The post Auckland’s housing market continues to flatline appeared first on MacroBusiness.

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Your Democracy Thursday, October 11, 2018 - 12:39 Source
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MacroBusiness Thursday, October 11, 2018 - 12:30 Source

Via Martin North:

The post An urgent depositors “bail-in” update appeared first on MacroBusiness.

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Renew Economy Thursday, October 11, 2018 - 12:29 Source

Ten wind farms will open their gates to the public when the Clean Energy Council celebrates Wind Farm Open Day with the Australian Wind Alliance on Sunday 21 October.

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MacroBusiness Thursday, October 11, 2018 - 11:48 Source

Join us today as MB Fund Head of Investments, Damien Klassen, Chief Strategist David Llewellyn Smith and Tim Fuller discuss the raging trade war between the US and China and what the implications are for asset prices. Today – 12:30pm LIVE online.  SIGN UP for webinar, and have your questions answered live! Can’t make it to the

The post MB Fund Live Webinar – How to avoid being frozen by Cold War 2.0 (Today) appeared first on MacroBusiness.

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MacroBusiness Thursday, October 11, 2018 - 11:45 Source

By Leith van Onselen The NSW Nationals have conducted polling and One Nation is reportedly scooping up voters in the bush. From SBS News: The numbers gathered for the Nationals show One Nation is likely to poll better than the Shooters, Fishers and Farmers Party on first party preferences in up to 13 seats, The

The post “Migrants to the bush” a One Nation bonanza appeared first on MacroBusiness.

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MacroBusiness Thursday, October 11, 2018 - 11:22 Source

The AUD is getting creamed this morning, sinking right to the lows: XJO is off -2%: Bonds are bid: Big Iron is down -2% as well: Big Gas a lot more: Big Gold is mixed: Big Mortgage is in free fall. CBA is at the lows and WBC plunging in free air: And it has

The post Australian dollar, ASX smashed again appeared first on MacroBusiness.

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MacroBusiness Thursday, October 11, 2018 - 11:15 Source

By Leith van Onselen Last weekend, CoreLogic released its preliminary auction clearance rates, which revealed the following results: Today, CoreLogic has released its final auction results, which reported a large 7.4% decline in Sydney’s auction clearance rate to just 46.1%: As shown above, the national auction clearance rate has also fallen below 50%: You will

The post Sydney’s final auction clearance rate dives into mid-40s appeared first on MacroBusiness.

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MacroBusiness Thursday, October 11, 2018 - 11:00 Source

By Leith van Onselen With the South Australian Liberal Government already laying the ground for a cheap labour flood by axing labour hire laws targeting migrant worker exploitation, the lobby group representing migration agents – the Migration Institute of Australia (MIA) – is now demanding the appallingly low pay floor of $53,900 for temporary skilled migrants

The post Migration Agents’ lobby demands more slave labour appeared first on MacroBusiness.

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MacroBusiness Thursday, October 11, 2018 - 10:58 Source

Via Morgan Stanley today which has cut its house price correction base case to -10-15%: We struggle to see improvement in any of our components over the next year. We now see a 10-15 per cent peak to trough decline in real house prices (from 5-10 per cent), which would mark the largest decline since

The post Morgan Stanley: House prices to crash -15% appeared first on MacroBusiness.

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Prosper Australia Thursday, October 11, 2018 - 10:53 Source

Dr Cameron Murray on actual housing affordability policy that works. A short video on two policies at least FOUR times more effective than the dominant paradigm of ‘build more houses’. These are excerpts from the 127th Annual Henry George Commemorative Dinner, where we launched Cameron’s Unspoken Alternatives to Expensive Housing. See the full speech and […]

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Prosper Australia Thursday, October 11, 2018 - 10:52 Source

Dr Cameron Murray’s full speech at the 127th Annual Henry George Dinner, where the Unspoken Alternatives to Expensive Housing report was launched.

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MacroBusiness Thursday, October 11, 2018 - 10:45 Source

By Leith van Onselen The Grattan Institute has been quoted extensively in The Australian today spouting more pro-‘Big Australia’ propaganda: Marion Terrill, a Grattan Institute researcher who recently has finished an analysis of the big five capitals’ resilience to immigration, says they could comfortably take more people… “People coming to cities are voting with their

The post Gaslighting Grattan spins more immigration propaganda appeared first on MacroBusiness.

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MacroBusiness Thursday, October 11, 2018 - 10:30 Source

Via the AFR: Commonwealth Bank has completed only one of 153 tasks it needs to satisfy in order to meet recommendations that flowed from APRA’s special inquiry into its governance, culture and accountability. CBA had submitted evidence of another eight tasks completed from the list of 153. However, the bank missed the August 31 deadline and therefore

The post CBA takes the piss on reform appeared first on MacroBusiness.

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MacroBusiness Thursday, October 11, 2018 - 10:15 Source

By Leith van Onselen The noose is tightening around Sydney’s army of highly leveraged landlords. In addition to dwelling values falling 6.5% since peak: And Sydney’s rental vacancy rate ballooning to at least 13-year highs: Rents are falling sharply in areas dominated by landlords, according to Domain: Rent prices in some pockets of Sydney have

The post Sydney rents plummet in areas with lots of investors appeared first on MacroBusiness.

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Your Democracy Thursday, October 11, 2018 - 10:09 Source

seaport

“Singapore shall forever be a sovereign democratic and independent nation, founded upon the principles of liberty and justice and ever seeking the welfare and happiness of her people in a more just and equal society.” These were the words of the “Proclamation of Singapore” by Lee Kuan Yew on 9 August 1965.

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MacroBusiness Thursday, October 11, 2018 - 10:00 Source

The scab grab in Aussie energy today is quite simply a bloody disgrace. The AFR leads off the farce: The nation’s energy companies and biggest electricity users have given up on politics and begun backroom talks about a self-regulated package of measures to reduce greenhouse gas emissions, restore energy reliability and improve investor stability. They

The post Australia’s bowel-shakingly awful energy scab grab appeared first on MacroBusiness.

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MacroBusiness Thursday, October 11, 2018 - 09:45 Source

By Leith van Onselen The International Monetary Fund’s (IMF) latest Global Financial Stability Report (FSR) notes that Australia is one of several advanced economies where the rising cost of house prices is a concern. The IMF also expressed concern that the household debt-to-GDP ratio is rising in Australia and a number of other countries. Australia’s

The post IMF warns on record Aussie household debt and high house prices appeared first on MacroBusiness.

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MacroBusiness Thursday, October 11, 2018 - 09:30 Source

By Leith van Onselen The Morrison Government intends to bring forward a reduction in the tax rate for small and medium enterprises (SME). Prime Minister Scott Morrison is set to announce that the SME tax rate will be reduced to 26% in 2020-21 and 25% in 2021-22, rather than take effect in 2026-27 as originally

The post SME company tax cuts brought foward appeared first on MacroBusiness.

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