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Renew Economy Tuesday, June 20, 2017 - 13:36 Source

Turnbull caves in to fossil fuel lobby push for more "continuous power" and asks AEMO to assess needs of the grid. "It would be good to have a state of the art clean coal plant in Australia," he said.

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Political Owl Tuesday, June 20, 2017 - 13:25 Source

Politics is notoriously forgiving of flaws; it punishes failure very severely. - from The audacity of nope by STIG ABELL'via Blog this'

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MacroBusiness Tuesday, June 20, 2017 - 13:15 Source

By Leith van Onselen The spineless PM has capitulated again, this time on school funding. From The Canberra Times: The Turnbull government has buckled to demands from conservative MPs to delay the introduction of less-generous funding arrangements for Catholic schools, after insisting it would wipe out the “special deals” created by the previous Labor government.

The post Weak Turnbull capitulates on Gonski school funding appeared first on MacroBusiness.

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Harrangue Man Tuesday, June 20, 2017 - 12:35 Source

One of the many fails of my body, and curiously right from near start of life, is my propensity for middle ear infections. Without antibiotics I'd have been dead from multiple infections as a child. I have stents in my ear drums to let out discharge from the middle ear but it's a two-way street and I have to keep water out of my ears lest it enter the middle ear then pool with intent. In then shower, when I roll my head beneath the pour, I fold over my ears to protect the canal. Today I didn't. I tilted my head and then a seeming fuckton of water poured straight into the middle ear.

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Renew Economy Tuesday, June 20, 2017 - 12:11 Source

All Ice Energy products now available in Australia exclusively through Apricus.

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MacroBusiness Tuesday, June 20, 2017 - 11:59 Source

By Leith van Onselen The ABS has today released its property price index – incorporating both detached houses and units – which registered a 2.2% rise in home values nationally over the March quarter and a 10.2% gain over the year, an acceleration from the 7.7% annual growth initially reported in the 2016 calendar year:

The post ABS: property prices continued to boom in Q1 appeared first on MacroBusiness.

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MacroBusiness Tuesday, June 20, 2017 - 11:49 Source

It should, via Bloomie: …announcement in coming days from the Australian Prudential Regulatory Authority, which is due to say whether it will require the banks to hold more capital against their mortgage books as part of a wider update on capital requirements. Despite recent steps to rein in their exposure to the riskier areas of

The post Is APRA about to whack the banks again? appeared first on MacroBusiness.

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MacroBusiness Tuesday, June 20, 2017 - 11:38 Source

Dalian is wandering aimlessly today: Big Iron is mostly up: Big Gas is burning: Big Gold is correcting: Big Bubble has had its run seemingly: Big Liar is soldiering on: And a bonus chart today, hope your enjoying Australian exceptionalism: If not, try the MB Fund launching July 1st with a 70% international equities allocation. Sign

The post As global stocks soar, ASX crumbles appeared first on MacroBusiness.

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MacroBusiness Tuesday, June 20, 2017 - 11:32 Source

By Leith van Onselen In what seems to have become an annual event, the Australian Greens attempted last night to get the GST amended so that it would no longer be applied to women’s sanitary products, like tampons. From The Canberra Times: Queensland Greens Senator Larissa Waters attempted to scrap the “tampon tax” as part

The post Greens’ attempted ‘tampon tax’ abolition pulls wrong strings appeared first on MacroBusiness.

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The Melbourne Urbanist Tuesday, June 20, 2017 - 11:24 Source

Dockless bike share faces a much bigger challenge in Australia than in countries like China, especially given new entrant oBike has to make it work commercially What are the prospects for dockless bike share in Australian cities?

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MacroBusiness Tuesday, June 20, 2017 - 11:10 Source

Via S&P: The number of delinquent housing loans underlying Australian prime residential mortgage-backed securities (RMBS) increased to 1.21% in April from 1.16% a month earlier, according to a recent report by S&P Global Ratings. Part of the increase reflects a decline in outstanding loan balances, but we believe interest-rate rises announced by different lenders during

The post Mortgage arrears resume climb appeared first on MacroBusiness.

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Renew Economy Tuesday, June 20, 2017 - 11:09 Source

Australian Technologies Competition shortlists 32 of Australia’s “most exciting” tech companies, including an EV charging outfit, a solar thermal solutions company, and an energy monitoring specialist.

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Renew Economy Tuesday, June 20, 2017 - 11:06 Source

Scarce public finance should invest in generation assets of the future, not relics of the past at risk of being stranded.

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MacroBusiness Tuesday, June 20, 2017 - 10:58 Source

By Leith van Onselen It never ceases to amaze how the Coalition’s token changes to the ‘skilled’ temporary worker visa system can elicit so much outrage from company heads. The latest example of this outrage has come from Woodside CEO, Peter Coleman, who claims that the Coalition’s decision to change the 457 visa scheme could

The post Woodside chief outraged at 457 visa changes appeared first on MacroBusiness.

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MacroBusiness Tuesday, June 20, 2017 - 10:51 Source

Morgan Stanley gets it: Merging three key Australian macro slowdown themes with our quantitative regional MOST stock selection model, we highlight our best stock ideas. We also provide an update on recent factor performance and note a mid-month revival. Our timing model remains positive on momentum. Crunch time – three themes: Our domestic slowdown thesis

The post How to profit from the great Australian decoupling appeared first on MacroBusiness.

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MacroBusiness Tuesday, June 20, 2017 - 10:37 Source

Via Macquarie: Media reports suggest Japanese steel mills have concluded 2Q contract met coal prices at $135 per tonne for PCI materials and $126 per tonne for semisoft coal, down from $180/t and $171/t respectively in 1Q. As we wrote earlier, HCC contract prices already appear to have switched to an index averaged price, with

The post Measuring the terms of trade crash appeared first on MacroBusiness.

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Renew Economy Tuesday, June 20, 2017 - 10:35 Source

Drought on wind and solar investment orchestrated by previous conservative state government now likely to be broken, with more than 1000MW of projects lined up.

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MacroBusiness Tuesday, June 20, 2017 - 10:30 Source

From Credit Suisse: ■ Growth vs reform: The current waxing and waning of Chinese policy occurs as the authorities try to ensure economic stability while they undertake the very large task of economic reform. Over the last few months reform was “winning” with an effort to reduce some of the excesses in the financial system

The post CS: China about to hit the credit accelerator appeared first on MacroBusiness.

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Popular Science Tuesday, June 20, 2017 - 09:56 Source

Before cats conquered the internet, they conquered the world—with a little help from their human serfs.

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Popular Science Tuesday, June 20, 2017 - 09:56 Source

The abyss is back, and this time it spat up a penis (worm). At the end of May, we brought you a roundup of the strangest creatures dragged from the depths of the Australian abyssal zone, and you probably thought nature couldn't get any weirder. But then over the weekend, Twitter got itself all in a tizzy over this:

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Popular Science Tuesday, June 20, 2017 - 09:56 Source

It killed 739 people in Chicago 1995. In Europe in 2003, it claimed another 70,000 lives. Just seven years later, it would take down 55,000 more in Russia. Extreme heat can and does kill. And while those heatwaves garnered global attention, according to a study released today in the journal Nature, they're more common than we think. The study's authors note that worldwide, some 30 percent of people are exposed to life-threatening extreme heat for at least 20 days of each year.

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Popular Science Tuesday, June 20, 2017 - 09:56 Source

Every missile is a carefully packaged bad day traveling at high speeds. Hypersonic missiles are a modern development in the long-running military arms race to figure out just how certain that bad end is for the humans on the receiving end. Russia's Zircon missile could enter arsenals as early as 2018. Despite headlines to the contrary, not enough about the missile is known yet to definitely claim that it poses an uncounterable threats ships in the sea.

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Popular Science Tuesday, June 20, 2017 - 09:56 Source

Fortune doesn't always favor the bold. Whereas male elk tend to live fast and die by age 5, some female elk have been known to live to the ripe old age of 20.

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The Australian Independent Media Network Tuesday, June 20, 2017 - 09:53 Source

As I listened to the panellists on Q&A last night discussing the erosion of trust in institutions, I was forcibly struck by the quiet common sense of Jane Goodall and her inspirational message to a young boy who asked what he, at age 11, could do to help prevent the destruction of natural habitats, and…

The post Sincerity vs theatrics appeared first on The AIM Network.

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MacroBusiness Tuesday, June 20, 2017 - 09:45 Source

By Leith van Onselen In a slice of good news, the Senate last night passed the bank levy bill after Labor voted for it. However, One Nation opposed the levy, with Senator Brian Burston describing it as a “lazy, ugly, cheap solution”. Meanwhile, the Senate’s eco­nomics legislation committee has recommended that the levy should be

The post Bank levy passes with conditions appeared first on MacroBusiness.

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MacroBusiness Tuesday, June 20, 2017 - 09:44 Source

Via the AFR: On the basis of anonymity, a former Macquarie insider said debate around redomiciling was real in 2006 and 2007, when the concept was debated and investigated. But despite a work stream being set up to assess the idea, it didn’t get as far as speaking to regulators in other markets. “It’s easy

The post Macquarie ain’t going anywhere appeared first on MacroBusiness.

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MacroBusiness Tuesday, June 20, 2017 - 09:37 Source

By Chris Becker   The US dollar rallied overnight alongside US tech stocks and European bourses as the risk-on mood re-ignites following some quite hawkish comments from Fed Governor William Dudley. The move higher more than offset losses in energy stocks as the oil price continued to fall as US oil rigs keep pumping, foiling

The post Macro Morning appeared first on MacroBusiness.

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The Australian Independent Media Network Tuesday, June 20, 2017 - 09:30 Source

By Matthew Mitchell Do you ever wonder what our society would look like if everyday people were calling the shots? If everyday people had more influence rather than a few privileged rich and large corporations? Would we have sold our public utilities? Would the centre of Melbourne look less like Manhattan; have less poorly constructed…

The post Citizen Shadow Parliaments – an alternative planning approach? appeared first on The AIM Network.

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MacroBusiness Tuesday, June 20, 2017 - 08:50 Source

The post View from the pit appeared first on MacroBusiness.

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MacroBusiness Tuesday, June 20, 2017 - 08:39 Source

By Leith van Onselen Over the weekend, The SMH reported that Sydney’s that the mass overcrowding afflicting Sydney’s primary schools is about to cascade into the city’s high schools: The overcrowding crisis in Sydney’s primary schools is about to hit high schools, as the baby bonus generation starts secondary school and the growth in apartment

The post Next up for immigration destruction: school standards appeared first on MacroBusiness.

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