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Renew Economy Tuesday, January 15, 2019 - 15:35 Source

Australia's record-breaking solar uptake, and the "duck curve" effect it is having on the NEM, will cause the “next major inflection” in the energy market, Morgan Stanley warns, and likely sooner than investors and industry players are expecting.

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Your Democracy Tuesday, January 15, 2019 - 15:01 Source

What a bloody mess we're weavingwhen the truth is all-deceivingDogs wag tails, tails wag dogsWould-be could-be Hitler blogsMaybe truth comes from within

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MacroBusiness Tuesday, January 15, 2019 - 15:00 Source

by Chris Becker Well it’s a red letter day for the UK as Parliament votes on PM Theresa May’s Brexit deal tonight, AEDT time. The fear, doubt and uncertainty (FUD) brigades are out in force while the continent goes from a Gallic shrug to a stern Prussian frown over the fracas. From the BBC: Theresa

The post Brexit vote is coming appeared first on MacroBusiness.

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MacroBusiness Tuesday, January 15, 2019 - 14:30 Source

by Chris Becker In short, nyet. The crypto lovers are going ga-ga over “news” that Russia, under “enormous pressure” by US sanctions after liquidating its very modest US Treasuries portfolio, will now diversify into Bitcoin. From ZH, where the cycle has hit the apex: According to Vladislav Ginko, an economist at the state-funded Russian Presidential

The post Will Russia save Bitcoin? appeared first on MacroBusiness.

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Renew Economy Tuesday, January 15, 2019 - 14:18 Source

The Bioenergy Australia board appointed Dr John Hewson as a Director and on 9 January 2019 has elected Dr John Hewson as new Chair, replacing outgoing chair Clean Energy Finance Corporations Chief Investment Officer Paul McCartney whose term as chair concluded.   

The post John Hewson appointed as chair of Bioenergy Australia appeared first on RenewEconomy.

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The Australian Independent Media Network Tuesday, January 15, 2019 - 13:55 Source

The Cave 15.1.2019 Rahaf Mohammed Al-Qunun   “Imagine a cave,” Socrates asks of Glaucon, his most loyal acolyte and Plato’s big brother. “Alright,” says Glaucon. “Now imagine a line of people[1],” continues Socrates. “They are manacled at the wrists and neck and so are forced to seat there in that same spot all the time,…

The post The Cave appeared first on The AIM Network.

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Renew Economy Tuesday, January 15, 2019 - 13:55 Source

windThe worm is starting to turn, as wind and solar power become widely acknowledged as the forthcoming mainstream suppliers of energy into the NEM. But can governments and regulators keep pace?

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Renew Economy Tuesday, January 15, 2019 - 13:50 Source

Terregra Renewables has appointed Balance Utility Solutions as the EPC contractor for the 5MW Mobilong Solar Farm.

The post Terregra appoints Balance as solar EPC contractor appeared first on RenewEconomy.

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Renew Economy Tuesday, January 15, 2019 - 13:46 Source

Texas electric utility announces winning bids for its 2017 request for proposals, including a total of 200MW of utility-scale solar and 100MW of battery storage.

The post El Paso announces 200MW of solar, 100MW of energy storage appeared first on RenewEconomy.

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Renew Economy Tuesday, January 15, 2019 - 13:40 Source

Hawaii utility announces seven grid-scale solar-plus-storage projects to add approximately 262MW of solar energy and 1,048MWh of energy storage to the islands.

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MacroBusiness Tuesday, January 15, 2019 - 13:30 Source

Cross-posted from The Conversation: There’s a lot in the Productivity Commission’s landmark 722-page table-thumper of a report into Australia’s superannuation system, completed after nearly three years of invesigation. For now, I’ll make three comments. The Commission gets the industry First, it’s a very valuable report. The Productivity Commission (PC) has undertaken a deep analysis of

The post Why a broader review of superannuation is needed appeared first on MacroBusiness.

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MacroBusiness Tuesday, January 15, 2019 - 13:00 Source

Elizabeth Knight has a look today at impact investing and millennials: Whether or not you subscribe to the view that today’s youth are an entitled, smashed avocado-eating, device-obsessed group, it won’t be that long before they move from being just consumers to being investors. And this they will do very differently from their parents and grandparents.

The post Impact investing is bullshit appeared first on MacroBusiness.

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MacroBusiness Tuesday, January 15, 2019 - 12:30 Source

By Leith van Onselen Domestic gas prices rose sharply in Melbourne, Sydney, Brisbane and Adelaide in December, while large industrial gas users still struggle to secure affordable deals with energy producers. Traditional sources of domestic gas supply such as Bass Strait are on the decline, while a lot of the gas from newer sources is

The post Lunacy as Aussie gas prices soar to record levels appeared first on MacroBusiness.

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MacroBusiness Tuesday, January 15, 2019 - 12:30 Source

by Chris Becker With Japanese markets reopening today but the Brexit vote later tonight, markets are pushing a risk-on mood with stocks up: S&P futures are spiking, up 0.5% or more: And risk proxies Aussie dollar and US Dollar/Japanese Yen (USDJPY) also lifting: The PBOC has fixed the Yuan at about where it was yesterday

The post Australian dollar steady as markets await Brexit appeared first on MacroBusiness.

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John Quiggin Tuesday, January 15, 2019 - 12:18 Source

I was recently asked to comment on the Northern Australia Infrastructure Fund, which has largely dropped from sight since its apparent primary purpose, channelling public money to the Adani mine project, was vetoed by the Queensland government. Here’s my response

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MacroBusiness Tuesday, January 15, 2019 - 12:00 Source

By Leith van Onselen Last year, Labor launched its Investment Guarantee, which would see “all businesses in Australia will be able to immediately deduct 20 per cent of any new eligible asset worth more than $20,000, with the balance depreciated in line with normal depreciation schedules from the first year”. The policy appears to have

The post Business backs Labor’s 20% asset write-off appeared first on MacroBusiness.

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Renew Economy Tuesday, January 15, 2019 - 12:00 Source

300MW solar and battery-ready Mannum Solar Farm set to be built by Canadian Solar, help power Mid-Murray region agribusinesses, including major wine maker Pernod Ricard.

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MacroBusiness Tuesday, January 15, 2019 - 11:40 Source

By Leith van Onselen Last month, the Morrison Government stacked the board of the Fair Work Commission (FWC) with business interests, thus ensuring that it remains a ‘toothless tiger’: The Australian can reveal that Jobs and Industrial Relations Minister Kelly O’Dwyer has ­appointed six new deputy presidents — including four who have worked directly for employer

The post Civil war breaks-out at Fair Work over Coalition business appointees appeared first on MacroBusiness.

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MacroBusiness Tuesday, January 15, 2019 - 11:20 Source

By Leith van Onselen Australia’s mass immigration program might be a dream come true for developers, since it provides an endless flood of new residents and pressure for development: However, it is a nightmare for the working class, as evident by the surge in rental stress and homelessness across migrant-stuffed Western Sydney. From The ABC:

The post Mass immigration drives-up Sydney rental stress and homelessness appeared first on MacroBusiness.

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The Australian Independent Media Network Tuesday, January 15, 2019 - 11:16 Source

After being dropped by virtually every media outlet in the country, Mark Latham is aiming to return to what he (thinks he) knows best – sucking on the public teat. After finishing an economics degree, Latham was elected to the Liverpool City Council at age 26, becoming mayor at age 30.  At 33, he was…

The post Rather than public office, Mark Latham should seek help appeared first on The AIM Network.

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MacroBusiness Tuesday, January 15, 2019 - 11:00 Source

By Leith van Onselen Last week it was Virgin, today NAB-owned U-Bank has announced that it will lift its mortgage rates by up to 20-basis points. From The Adviser: The second wave of out-of-cycle mortgage rate hikes has continued, with another lender announcing increases of up to 20 basis points. NAB-owned lender UBank has announced

The post U-Bank joins chorus with out-of-cycle rate rise appeared first on MacroBusiness.

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MacroBusiness Tuesday, January 15, 2019 - 10:40 Source

By Leith van Onselen A special Roy Morgan survey taken in mid-December shows 44% of Australians think 2019 will be ‘better’ than 2018, 32% say 2019 will be ‘the same’, only 14% say 2019 will be ‘worse’ and 10% don’t know. Australians are far more positive about 2019 than they were a year ago when

The post Aussies hopefull 2019 will be a better year appeared first on MacroBusiness.

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MacroBusiness Tuesday, January 15, 2019 - 10:20 Source

By Leith van Onselen Robert Gottliebsen (“Gotti”) has pushed the panic button today, warning that many recent buyers of rise apartments are drowning in negative equity. From The Australian: The horrible truth is that around 15 to 20 per cent of relatively recent buyers of inner-city Sydney apartments, as well as cottages in badly performing

The post Recent apartment buyers are drowning in negative equity appeared first on MacroBusiness.

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MacroBusiness Tuesday, January 15, 2019 - 10:00 Source

By Leith van Onselen L-plate Treasurer, Josh Frydenberg, is now claiming that low and middle-income earners would bear the brunt of Labor’s proposed capital gains tax reforms. According to Frydenberg, some 194,000 so-called middle-income earners had a capital gain in 2016, compared with just 70,635 people whose taxable income exceeded $180,000. From The Australian: “Bill Shorten is proposing

The post Frydenberg spins more lies against Labor’s capital gains tax policy appeared first on MacroBusiness.

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MacroBusiness Tuesday, January 15, 2019 - 09:30 Source

By Leith van Onselen The Teranet-National Bank House Price Index for December has been released, which reported a third consecutive monthly decline in home values: The Teranet–National Bank National Composite House Price IndexTM for December was down 0.3% from the previous month. It was the third consecutive monthly retreat. The component indexes were down for seven

The post Vancouver pushes Canadian house prices lower appeared first on MacroBusiness.

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The Tally Room Tuesday, January 15, 2019 - 09:09 Source

It was reported yesterday that independent MP Cathy McGowan will retire from her seat of Indi at this year’s federal election.

She will be hoping to be succeeded by rural health researcher Helen Haines, who has been endorsed by Voices for Indi, the community group who supported McGowan in winning Indi off the Liberal Party’s Sophie Mirabella in 2013.

There is very little history of independent MPs successfully handing over their seat to a fellow independent, with so much of the appeal of an independent being locked up in that individual. But there are some reasons to think this could be an exception.

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MacroBusiness Tuesday, January 15, 2019 - 09:00 Source

By Leith van Onselen A new year and another major opinion poll shows the majority of Australians oppose mass immigration and a bigger Australia. That’s right, according to a new survey from the Australian National University (ANU), just three out of 10 Australians believe the nation needs more people. From The SMH: Almost nine out of

The post ANU Poll: 70% oppose a bigger Australia appeared first on MacroBusiness.

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MacroBusiness Tuesday, January 15, 2019 - 08:30 Source

by Chris Becker Capital Economics are out with two important reports on the latest trade figures and state of the economy in China. Yesterday’s trade numbers for December shocked to the downside, and Capital’s view aligns with Houses and Holes that any slowdown in the Middle Kingdom’s economy is part of its structural re-alignment and

The post Capital Economics: China slowing internally appeared first on MacroBusiness.

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MacroBusiness Tuesday, January 15, 2019 - 08:30 Source

By Chris Becker  Wall Street finally stopped climbing last night, with the weaker than expected Chinese trade data and caution over the upcoming Brexit vote taking confidence off the table. Further slow news on European industrial production saw the Euro taper further, while US Treasuries remained solidly bid as gold and Yen as safe havens also

The post Macro Morning appeared first on MacroBusiness.

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MacroBusiness Tuesday, January 15, 2019 - 08:12 Source

by Chris Becker Here’s the latest price update from the iron ore complex: Some delaying news from WA with Rio Tinto disrupting some supply due to a fire last week at its Cape Lambert export facility. More here: A Rio spokesman said the mining giant had declared force majeure on customers impacted by damage to

The post Daily iron ore price update (RIO delays) appeared first on MacroBusiness.

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