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Renew Economy Thursday, May 17, 2018 - 10:38 Source

Goldwind signs deal for $140m of new network infrastructure to service what will be Australia's largest, and lowest cost, wind farm.

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MacroBusiness Thursday, May 17, 2018 - 10:30 Source

By Leith van Onselen The Reserve Bank of Australia (RBA) has released research suggesting that an increase in the minimum wage will not result in job cuts or a reduction in hours worked. The RBA’s economic research department found that people who received a higher award wage increase between 1998 and 2008 generally had a

The post RBA: Increasing minimum wage won’t hurt jobs or hours appeared first on MacroBusiness.

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John Quiggin Thursday, May 17, 2018 - 10:01 Source

Thanks to everyone who the first nine chapters of my book-in-progress, Economics in Two Lessons.

Here’s a draft of Chapter 10: Market failure -Externalities and pollution. Comments, criticism and praise are welcome.

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MacroBusiness Thursday, May 17, 2018 - 10:00 Source

By Leith van Onselen Canada and Australia have a lot in common. Both economies are commodity exporters. Both countries have experienced high rates of immigration. Both countries largely dodged the global recession that shocked the developed world. Both were said to have world-beating banking systems. And both nations have amongst the developed world’s most expensive housing, when measured

The post Real estate hucksters hit Toronto appeared first on MacroBusiness.

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MacroBusiness Thursday, May 17, 2018 - 09:45 Source

Australia’s great worker class pretender is at it again today. Greg Jericho, card-carrying fake leftie who only looks after his own skin: Have you heard the joke about the treasurer who walks into parliament and says that wages within two years will grow faster than 3%? OK, it’s not exactly a side splitter, but the latest

The post You’re a bloody disgrace, Greg Jericho appeared first on MacroBusiness.

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Renew Economy Thursday, May 17, 2018 - 09:41 Source

Perth company says its graphite anode help delivered 20% higher capacity and 20% higher power in lithium-ion battery cell tests, against the industry standard.

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MacroBusiness Thursday, May 17, 2018 - 09:30 Source

By Leith van Onselen In the wake of June’s Grenfell tower disaster in London, which claimed the lives of around 80 people, the Queensland Government is preparing to spend “tens-of-millions of dollars” to make dozens of government buildings safer. From The ABC: A year-long inquiry has found about 880 buildings need further investigation but at

The post How much will it cost to fix Australia’s combustible homes? appeared first on MacroBusiness.

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Renew Economy Thursday, May 17, 2018 - 09:29 Source

BMW says sales of electric BMW and Minis soared 52% in April; company secures autonomous driving road test licence in China.

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MacroBusiness Thursday, May 17, 2018 - 09:15 Source

Via The Australian: Leading gas market analysts Wood Mackenzie and EnergyQuest are tipping east coast gas prices to rise above $10 a gigajoule, despite federal government and gas industry moves to divert more supplies to domestic markets. …Wood Mackenzie said east coast prices were forecast to head to between $10 and $13 a gigajoule. …Mr

The post Block the Santos takeover or commit suicide by gas appeared first on MacroBusiness.

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MacroBusiness Thursday, May 17, 2018 - 09:12 Source

WEBINAR LIVE THIS AFTERNOON 17th May, 12:30 PM (GMT + 11:00): Ethical Impacts on your Bottom Line Join David Llewellyn-Smith, Damien and Tim as they take a look at the impact of ethical investments to your portfolio. – Weighing up the pros and cons of applying ethical investment choices. – Can we make a difference ?

The post Live this Afternoon | MB Fund Webinar: Ethical Impacts on your bottom line. appeared first on MacroBusiness.

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MacroBusiness Thursday, May 17, 2018 - 09:00 Source

Recall this week the Australia former ambassador to China, Geoff Raby, called for Julie Bishop’s head: Once again Australian foreign policy seems to be missing in action. As events unfold at remarkable speed in our area of most strategic interest – north-east Asia – Australia finds itself unable to engage with the key participant at the

The post Raby rant triggers China backlash appeared first on MacroBusiness.

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MacroBusiness Thursday, May 17, 2018 - 08:35 Source

By Chris Becker A much better night on risk markets in response to some secondary reports in the US regarding industrial production with housing starts overperforming and oil inventories shooting to the underside, lifting oil prices and hence energy stocks. European markets were mixed as the Euro dropped on the new Italian government while gold

The post Macro Morning appeared first on MacroBusiness.

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MacroBusiness Thursday, May 17, 2018 - 08:31 Source

DXY hit news highs last as EUR hit new lows: But there was reprieve for the AUD against DMs: As EMs rallied: Gold held on: Oil is unstoppable: Supporting base metals: Nobody cares that oil is biting into mining margins: As EMs stocks found a bid: Even junk: And despite Treasury yields flying: Bunds went

The post Australian dollar bounces with emerging markets appeared first on MacroBusiness.

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MacroBusiness Thursday, May 17, 2018 - 08:30 Source

By Leith van Onselen CoreLogic’s Daily home values index shows that quarterly values are falling fastest in Sydney (-0.94%) and Melbourne (-0.77%), which has dragged the five-city index down by 0.65% over the quarter: As we have reported previously, first home buyer (FHB) stamp duty incentives were introduced in both NSW and VIC from 1

The post FHB patsies stave off deeper property downturn appeared first on MacroBusiness.

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Renew Economy Thursday, May 17, 2018 - 06:00 Source

ACT government brings forward its zero emissions target to 2045, turning its focus to transport and gas, and laying down the gauntlet for other states and Canberra to follow.

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Renew Economy Thursday, May 17, 2018 - 06:00 Source

ACT government brings forward its zero emissions target to 2045, turning its focus to transport and gas, and laying down the gauntlet for other states and Canberra to follow.

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MacroBusiness Thursday, May 17, 2018 - 00:15 Source

There’s good chance that the long awaited wages boom is over before it even started. The Botox Boom of infrastructure and dwelling construction is peaking plus and house price and consumption sectors are being shocked a credit crunch as I write. Add in that China is slowing and bulk commodities are headed for deep corrections

The post Wowser nation can forget pay rises appeared first on MacroBusiness.

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North Coast Voices Thursday, May 17, 2018 - 00:15 Source

The Age, 8 May 2018:A branch of the NSW Liberal Party is set to debate the merits of Sharia-style corporal punishment and a radical proposal to make citizens responsible for sentencing criminals rather than judges.The notoriously hard-right Carlingford branch, under its colourful president George Popowski, will discuss a push to "straighten out the law and order system" by handing sentencing powers to a panel of 20 members of the public, with no more than 30 per cent from the

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MacroBusiness Thursday, May 17, 2018 - 00:14 Source

By Leith van Onselen Yesterday’s wages price index released by the ABS revealed continued weak wages growth, with ongoing divergence between the private and public sectors: When adjusted for underlying inflation, real wages increased by a measly 0.1% in the year to March: However, there is a big disconnect between the private and public sectors.

The post Real private sector wages are stuck in the donut zone appeared first on MacroBusiness.

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MacroBusiness Thursday, May 17, 2018 - 00:13 Source

From Morgan Stanley analysts Richard Wiles and Andrei Stadnik: We have a negative stance on the major banks as they have come to the end of a super cycle and now face a difficult transition, which features a combination of both operating headwinds and regulatory risks. We see fundamental change in the mortgage market, modest

The post Morgan Stanley: Sell Australian banks appeared first on MacroBusiness.

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MacroBusiness Thursday, May 17, 2018 - 00:09 Source

By Leith van Onselen Over the past year or so, we have witnessed a growing backlash against Sydney’s break-neck population growth and the deleterious impact it is having on infrastructure, housing and liveability. To date, this backlash has encompassed the Labor Opposition, Government backbench MPs, former senior public servants, local councils, and residents. Now it

The post Planning chaos engulfs Queen Lucy’s dystopian Sydney appeared first on MacroBusiness.

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MacroBusiness Thursday, May 17, 2018 - 00:05 Source

Iron ore prices for May 16, 2018: Tianjin benchmark rose 25 cents to $67.65. We’re running on the spot here. Next big move remains down into EOFY.

The post Daily iron ore price update (running on spot) appeared first on MacroBusiness.

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MacroBusiness Thursday, May 17, 2018 - 00:04 Source

Chinese house prices for April were out late yesterday and continue to slow slowly.  Month on month growth edged up to 0.4% and year on year fell to 4.7%: Here’s the raw data: Tier one cities are still falling, tier two holding up best and lower tiers fading as well: The composition of price moves

The post Chinese property prices slow slowly appeared first on MacroBusiness.

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MacroBusiness Thursday, May 17, 2018 - 00:01 Source

Global Macro / Markets / Investing: Meet Tesla’s new bondholder: Billionaire George Soros – Reuters Capital Spending Boom Is No Great Boost to Capital Markets – WSJ Satellite data strongly suggests that China, Russia and other authoritarian countries are fudging their GDP reports – Washington Post Two Berkshire Takeaways and Thoughts on Competitive Markets –

The post Links 17 May 2018 appeared first on MacroBusiness.

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The Australian Independent Media Network Wednesday, May 16, 2018 - 21:48 Source

You’ve got to hand it to the current government… Well, you do! There’s no way they could pick it up themselves. Anyway, I’ve noticed a certain phrase cropping up lately whenenver the Coalition is confronted with the idea that Newstart is so low that even economists think it should be raised. FFS, even John Howard…

The post The Best Form Of Welfare… appeared first on The AIM Network.

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MacroBusiness Wednesday, May 16, 2018 - 17:15 Source

Yet another mixed day here in Asia as tensions rise once again on the Korean peninsula and the impact of higher US interest rates from the spike in Treasury yields is felt across risk markets. Only the ASX200 put in a positive session with gold putting in a small rebound from its sharp selloff overnight.

The post Macro Afternoon appeared first on MacroBusiness.

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Club Troppo Wednesday, May 16, 2018 - 16:56 Source

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Inside Story Wednesday, May 16, 2018 - 15:20 Source

We had a magical experience. Malaysia, a country held back for so long by authoritarian rulers, suddenly became the democracy it had always pretended to be. For the first time, the people were allowed to change the government. It was a historic moment, and many Malaysians and others felt a sense of jubilation.

It was like how we felt two and a half years ago when Burma’s military junta finally allowed the people to elect Aung San Suu Kyi as their ruler.

What’s happened in Burma since reminds us that euphoria doesn’t last. Running a successful campaign from opposition doesn’t mean you can run a successful government.

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Inside Story Wednesday, May 16, 2018 - 15:18 Source

It is remarkable how something built over a quarter of a century can begin to crumble in a matter of hours. So appears to be the case for the Phnom Penh Post, Cambodia’s oldest English-language newspaper.

Earlier this month, Australian businessperson Bill Clough sold the Post to a Malaysian investor, Sivakumar S. Ganapathy, the head of a PR firm that has had dealings with Hun Sen’s government. When Post reporters exposed these links, the new owner demanded the removal of the “damaging” article from the Post’s website and the immediate sacking of its authors and the paper’s editor-in-chief.

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En Passant Wednesday, May 16, 2018 - 15:18 Source


The Sufragettes disapprove of the Coalition’s attitude towards women (Image via @greensinspa)

The disendorsement of sitting Liberal National Party member and Assistant Minister Jane Prentice highlights the sexist nature of the Coalition parties, I write in Independent Australia.

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