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MacroBusiness Thursday, June 13, 2019 - 00:15 Source

By Leith van Onselen Hot on the heels of former Infrastructure Australia (IA) chief, Michael Deegan, slamming the shroud of secrecy surrounding infrastructure provision across Australia, which has resulted in taxpayers being gouged, current IA head, Romilly Madew, has warned that Australia’s failing infrastructure is wrecking both productivity and living standards. From The AFR: Ms Madew

The post Infrastructure Australia: Failing infrastructure wrecking productivity appeared first on MacroBusiness.

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MacroBusiness Thursday, June 13, 2019 - 00:08 Source

The latest official temporary migrant statistics from Australia’s Department of Home Affairs shows there were around 613,000 international student visas on issue as at March 2019, and increase of 77,000 (14%) from the year prior and up 280,500 (84%) since March 2013: As shown in the next chart from ABC Four Corners recent expose, this

The post Australia’s Chinese international student boom is going bust appeared first on MacroBusiness.

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MacroBusiness Thursday, June 13, 2019 - 00:01 Source

Global Macro / Markets / Investing: Putting a tax on wealth means we first must measure it – Brookings Millennials are ‘canaries in the coalmine’ for toxic economic trends, say Stanford scholars – Stanford Workers: no longer needed? Productivity is down despite automation – IBO The Economics of a Job Guarantee: Wage and Employment Effects

The post Links 13 June 2019 appeared first on MacroBusiness.

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The Australian Independent Media Network Wednesday, June 12, 2019 - 20:13 Source

By Keith Thomas Davis   My name is Keith. I am 66 years-old. I am a Survivor of childhood sexual abuse. I note with simple cold detachment that a certain Cardinal’s legal team is hoping to change his circumstances, and all of that will unfold as it will. Well I, and most other Survivors, would dearly…

The post This is my testimony. This is my life … appeared first on The AIM Network.

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Your Democracy Wednesday, June 12, 2019 - 19:25 Source
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Club Troppo Wednesday, June 12, 2019 - 18:22 Source

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Your Democracy Wednesday, June 12, 2019 - 18:18 Source

wilson

In 2006, to mark the 30th anniversary of Harold Wilson’s retirement, the BBC release the above documentary: The Plot Against Harold Wilson. It details how, throughout Wilson leadership, MI5 and the CIA were engaged in plans to undermine Wilson – even to the extent of having plans in place for a full-blown military coup should the need arise.

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Prosper Australia Wednesday, June 12, 2019 - 17:05 Source

The ninth Speculative Vacancies report continues to make waves with a live cross yesterday on Sydney’s ghost towers (ABC TV 24) and a further interview on Sydney’s ABC 7pm News bulletin. This followed on from the ABC online story – Sydney hit by Ghost tower phenomenon. Prosper continues to ask if supply-side solutions are the […]

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The Australian Independent Media Network Wednesday, June 12, 2019 - 16:00 Source

By Dr George Venturini   Poverty is defined by the British government as ‘household income below 60 per cent of median income’. The median is the income earned by the household in the middle of the income distribution. In the year 2004-2005 the 60 per cent threshold was worth 183 pounds (AU$273, then) per week for…

The post A cast of characters: The Monarchy (part 7) appeared first on The AIM Network.

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George Monbiot Wednesday, June 12, 2019 - 15:49 Source

Our new report puts
forward transformative proposals for taking back control of the land.

By George Monbiot,
published in the Guardian 4th June 2019

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MacroBusiness Wednesday, June 12, 2019 - 15:30 Source

Asian share markets are in a cautious mood today given the political activity in Hong Kong but also the continued fallout from Brexit. With the Chinese CPI print coming in strong as expected the PBOC kept the Yuan largely unchanged while locally, consumer confidence slipped but this hasn’t stopped the ASX200 make another new high as iron

The post Macro Afternoon appeared first on MacroBusiness.

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Renew Economy Wednesday, June 12, 2019 - 14:59 Source

emissionsA trip at AGL’s Loy Yang A power station in Victoria is unlikely to lead to higher wholesale price outcomes on its own, and the impact will be mitigated by more renewables.

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Renew Economy Wednesday, June 12, 2019 - 14:54 Source

Other countries are delivering billions of dollars in savings on energy bills by managin

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Renew Economy Wednesday, June 12, 2019 - 14:50 Source

Australia’s energy market operator has warned Australia’s exit from from coal and transition to a renewable grid is coming faster than almost all of us would have predicted.

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MacroBusiness Wednesday, June 12, 2019 - 14:00 Source

From Martin North [my emphasis]: The Australian Prudential Regulation Authority (APRA) has released its response to the first round of consultation on proposed changes to the capital framework for authorised deposit-taking institutions (ADIs). The package of proposed changes, first released in February last year, flows from the finalised Basel III reforms, as well as the Financial

The post Corrupt APRA waters down bank capital framework appeared first on MacroBusiness.

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MacroBusiness Wednesday, June 12, 2019 - 13:58 Source

The Communist Party of China has a problem and it’s name is Hong Kong, via SCMP: In a fresh display of defiance against the contentious extradition bill, protesters who had camped overnight at Tamar Park in Hong Kong began stopping traffic from accessing the legislature on Wednesday morning, as the government’s proposal returns to a full council

The post Australian dollar falls as Hong Kong protests intensify appeared first on MacroBusiness.

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Renew Economy Wednesday, June 12, 2019 - 13:33 Source

uno-x hydrogen station - optimisedToyota and Hyundai suspend sales of hydrogen vehicles in Norway following the explosion of a refuelling station located just outside of Oslo.

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MacroBusiness Wednesday, June 12, 2019 - 13:30 Source

Via the ABC: A decision on the Adani groundwater management plan is set down for tomorrow with environmentalists saying if the Queensland Government gives the green light it will set a precedent for six other mines also planned for the region and allow Adani to break ground within weeks. The Queensland Resources Council (QRC) said

The post Adani to loose QLD coal tsunami? appeared first on MacroBusiness.

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Renew Economy Wednesday, June 12, 2019 - 13:23 Source

AGL to expand virtual power plant to other states, offering $1,000 payment to households installing a new battery, and an annual rebate to those with existing systems.

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Renew Economy Wednesday, June 12, 2019 - 13:19 Source

New report says Australia has potential to host 179 gigawatts of rooftop solar, which would generate more than grid's entire current demand.

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MacroBusiness Wednesday, June 12, 2019 - 13:15 Source

By Leith van Onselen In 2018, then Treasurer Scott Morrison made headlines when he claimed Tony Abbott’s proposal to cut Australia’s permanent migrant intake by 80,000 to 110,000 would cost the Federal Budget “$4 billion to $5 billion over the next four years”, arguing “the economy (would not be) growing at the same level and

The post Federal government’s mass immigration program destroys state finances appeared first on MacroBusiness.

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MacroBusiness Wednesday, June 12, 2019 - 13:00 Source

Via Bloomie: Alphabet Inc.’s Google is moving some production of Nest thermostats and server hardware out of China, avoiding punitive U.S. tariffs and an increasingly hostile government in Beijing, according to people familiar with the matter. Google has already shifted much of its production of U.S.-bound motherboards to Taiwan, averting a 25% tariff, said the people, asking not to be identified discussing

The post More big tech production bids China adieu appeared first on MacroBusiness.

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MacroBusiness Wednesday, June 12, 2019 - 12:45 Source

Via Damien Boey at Credit Suisse comes his excellent aggregated leading indexes for growth: Going precisely nowhere.

The post No bounce on horizon for Aussie growth appeared first on MacroBusiness.

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Your Democracy Wednesday, June 12, 2019 - 12:41 Source

leaf

Secret tripartite summit in Jerusalem

by Thierry Meyssan

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Renew Economy Wednesday, June 12, 2019 - 12:31 Source

Queensland budget jackie trad palaszczuk cleanco - optimisedThe Queensland budget has delivered funding for investments in state-owned renewables and an expansion of the state's hydrogen export capabilities.

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MacroBusiness Wednesday, June 12, 2019 - 12:30 Source

By Leith van Onselen The former head of Infrastructure Australia (IA), Michael Deegan, has slammed the shroud of secrecy applied to infrastructure provision across Australia, which has resulted in taxpayers being gouged: Michael Deegan led Infrastructure Australia from 2008 to 2014 and said he was under “constant” pressure from state governments to keep key transport

The post Former IA boss demolishes corrupt infrastructure system appeared first on MacroBusiness.

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MacroBusiness Wednesday, June 12, 2019 - 12:15 Source

Via New Daily: An apartment glut in Brisbane, Melbourne and Sydney will mean better deals for renters, but more pain for developers and investors for the next one to two years. Pete Wargent, co-founder of property investment advisory firm Allen Wargent, told The New Daily that the current oversupply of apartments in parts of Australia’s major cities had

The post Apartment bust gathers pace appeared first on MacroBusiness.

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MacroBusiness Wednesday, June 12, 2019 - 12:05 Source

By Leith van Onselen The Australian Bureau of Statistics (ABS) has released visitor arrivals and departures statistics for the month of April, which suggested that immigration into Australia continues to surge. In the year to April 2019, there were a near record 843,950 permanent and long-term arrivals into Australia, up 5% from April 2018, and

The post Immigration into Australia continues to smash official forecasts appeared first on MacroBusiness.

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MacroBusiness Wednesday, June 12, 2019 - 12:00 Source

Via VOX: The race to replace outgoing British Prime Minister Theresa May has officially begun. Ten candidates are now vying to be the next leader of the Conservative Party and the future prime minister of the United Kingdom. Whoever wins the crowded contest will be faced with the daunting task of trying to finalize the UK’s break up with

The post Is Brexit the next global shock? appeared first on MacroBusiness.

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MacroBusiness Wednesday, June 12, 2019 - 11:45 Source

By Leith van Onselen A fortnight ago, The AFR published the following fake news: New Zealand pub owner Chris Dickson worries his staff is overworked. He expected employment visas for two new overseas workers to be approved weeks ago, but the paperwork was delayed with no clear reason given. …”We are struggling to find people,”

The post So much for NZ’s post-immigration business crunch appeared first on MacroBusiness.

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