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MacroBusiness Friday, September 1, 2017 - 08:12 Source

From Adam Creighton today: Taxpayers will have paid more than $60 billion through federal renewable energy subsidies by 2030, about twice what the crumbling car industry received over 15 years and enough to build about 10 large nuclear reactors. The government’s large and small-scale renewable energy ­targets, which will compel energy retailers to buy 33

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MacroBusiness Friday, September 1, 2017 - 06:41 Source

DXY fell last night as EUR roared again: AUD did the usual two-step: Was mixed against EMs: Gold surged: Oil surged as another hurricane heads for the US: Base metals too: Big miners are ripping towards break out: EM stocks too: US yields lifted but the curve sank: European spreads shrank: Stocks surged: It was

The post Australian dollar pump and dump appeared first on MacroBusiness.

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The Australian Independent Media Network Friday, September 1, 2017 - 06:04 Source

Friday 1 September 2017 On Wednesday in my Trump report I drew attention to the enormity of his lying. In the comments section people had some interesting things to say on the subject. For example, the comments of ‘Wam’ alluded to what he described as my fixation on the subject. I’m not suggesting that he…

The post Day to Day Politics: Does the truth matter anymore? appeared first on The AIM Network.

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MacroBusiness Friday, September 1, 2017 - 05:39 Source

Via The Australian: Billions of dollars in Commonwealth Bank transactions in the US, Europe and Asia have not been properly monitored, the bank’s internal review has found, potentially exposing the institution to investigation by ­global regulators. The confidential review of the bank’s compliance with Australian and ­global anti-money laundering and counter-terrorism laws revealed large-scale failures

The post Sleaze Bank discovers giant laundering holes in itself appeared first on MacroBusiness.

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MacroBusiness Friday, September 1, 2017 - 05:27 Source

Here’s how The Guardian sees the NZ election: The debate between the two leaders was dominated by housing, tax and immigration. English attacked what he called Labour’s “vague and confusing” policies and reiterated his party’s tax cut policies. “People can’t go shopping with your values … every person in New Zealand who does not have children will

The post NZ Labour surges on house price & immigration cuts (except in Oz) appeared first on MacroBusiness.

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MacroBusiness Friday, September 1, 2017 - 05:26 Source

Via the Herald Sun: AUSTRALIA’S two major political parties have received almost $6 million from a shadowy “front” for the Chinese Government. Parliamentary researchers have uncovered the massive extent of donations made to the Liberal and Labor parties by pro-Beijing figures in the Australian Council for the Promotion of the Peaceful Reunification of China. …In

The post Major parties awash with Chinese bribes appeared first on MacroBusiness.

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North Coast Voices Friday, September 1, 2017 - 00:16 Source

In the 45th Australian Parliament 86.9 per cent of Liberal MPs and senators and 59.1 per cent of Nationals/CNP MPS and senators have formal higher education/professional qualifications.  A total of 175 of these 196 qualified Coalition parliamentarians graduated from university, with the majority of qualifications being in law, commerce, economics and finance.

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MacroBusiness Friday, September 1, 2017 - 00:15 Source

Via Domainfax: Angry sections of the Western Australian Liberal party are pushing to launch a fresh attempt for the state to secede, in what members are calling “WAxit” – a nod towards Britain’s vote to leave the European Union. …The WAxit idea is one of 25 motions to be put to this weekend’s state conference,

The post Yes, WA should secede appeared first on MacroBusiness.

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North Coast Voices Friday, September 1, 2017 - 00:15 Source

ACC, ScamWatch, 22 August 2017:Watch out for NBN scamsThe ACCC is warning the community that scammers are pretending to be from NBN to con victims out of their money and personal information.Scamwatch has received 316 complaints this year about scammers impersonating NBN with nearly $28,000 reported lost.“Scammers are increasingly using trusted government brands like NBN to trick people into falling for scams.

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MacroBusiness Friday, September 1, 2017 - 00:04 Source

A couple of recent developments out of China shows a big shift is underway in its capital outflows. First, it was the great global realty clamp: The Chinese government has moved to halt “irrational” overseas investments by restricting purchases of real estate and entertainment assets, a decision which could dent demand for Australian assets. The move,

The post One belt, one road away from Western realty? appeared first on MacroBusiness.

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MacroBusiness Friday, September 1, 2017 - 00:01 Source

Global Macro / Markets / Investing: The euro reacts to news of European Central Bank officials’ concern over the currency’s sharp climb this year – FT.com Basically every problem in the US economy is because companies have too much power, new research argues – QZ BHP hires Barclays, Citi for U.S. shale gas divestment: Reuters

The post Links 1 September 2017 appeared first on MacroBusiness.

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Political Owl Thursday, August 31, 2017 - 23:06 Source

Grattan on Friday: If defeat comes, what then for the Liberals' succession?File 20170831 22597 t7w0r2The conservatives’ strategy is to reap what victories they can while Malcolm Turnbull leads.Dean Lewins/AAPMichelle Grattan, University of CanberraIf the Turnbull government’s present agonies become death throes and the election is lost, coping with opposition will test to its

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North Coast Voices Thursday, August 31, 2017 - 20:48 Source

Map showing Native Title area surrounding DirrangunABC News, 31 August 2017:History has been made on the New South Wales north coast today with the grant

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Harrangue Man Thursday, August 31, 2017 - 20:44 Source

I had another go at my facial scar ridge for most of the day. At 3 pm I put the cream on.I can't stop having a go at it and I'm usually spacing out while doing it, trapped in a dark cloud of memory.I'll try better tomorrow. It's gratifying to have at even though it stings for the eight hours of pick, pick, pick.Fucking OCPD twixt PTSD---plus there's only one vowel and there's one tile too many. 

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Political Owl Thursday, August 31, 2017 - 20:36 Source

NZ LABOR NOW AHEAD ON LATEST POLL! BE AFRAID JULIE TORA TORA TORA
YOU READ IT FIRST IN THE OWL! PG GETS MASSIVE PAY RISE

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The Australian Independent Media Network Thursday, August 31, 2017 - 20:17 Source

It’s not surprising that the government has decided to target Bill Shorten personally and to run a scare campaign on Labor’s policies rather than pointing to the scoreboard after two terms in government.  There’s not a lot worth drawing attention to. When asked about his government’s achievements on Monday night, Malcolm Turnbull claimed the Gonski…

The post Empty attack is back appeared first on The AIM Network.

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Antony Green's Election Blog Thursday, August 31, 2017 - 17:32 Source

The AEC has today announced changes to state representation in the House of Representatives, varying the numbers elected from Victoria, South Australia and the ACT.

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MacroBusiness Thursday, August 31, 2017 - 17:19 Source

by Chris Becker A mixed day in Asia after the solid response to the US GDP print overnight and the subsequent surge in USD that has seen the Yen selloff and Japanese bourses rise in result. Local releases from Japan, China and Australia added some volatility to currencies but not any game changers. In mainland

The post Macro Afternoon appeared first on MacroBusiness.

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Cheeseburger Gothic Thursday, August 31, 2017 - 17:03 Source

 

This trailer is little more immersive than any game would be. You'd still be seeing the world through your phone screen.

But still. It looks cool.

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MacroBusiness Thursday, August 31, 2017 - 16:07 Source

The mind absolutely boggles at what kind of military commander-in-chief the great waffler would make but it appears he’d like to add that notch to his shiny little belt: Malcolm Turnbull says China must step up and contain North Korea economically, including by cutting off the regime’s oil supply. Ratcheting up the diplomatic jawboning of Beijing,

The post Do-nothing Malcolm muscles-up for Korean war appeared first on MacroBusiness.

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The Australian Independent Media Network Thursday, August 31, 2017 - 16:00 Source

In 2016, the Melbourne-based Herald Sun claimed with some consternation that Melbourne was “set to lose its status as the world’s most liveable city.” That particular, somewhat meaningless status is granted by that great myth maker, the Economist Intelligence Unit, whose Global Liveability Index tends to deceive rather than illuminate. Not that the Herald needed…

The post The Myth of the Liveable City appeared first on The AIM Network.

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Your Democracy Thursday, August 31, 2017 - 15:38 Source

australia as a police state ...

SA Senator Nick Xenophon’s bid for justice for an Australian citizen – who simply wants his passport back – has been rejected by the Senate.

“This really is a very significant scandal in the fact that a citizen of this country has been denied the ability to travel overseas” Senator Xenophon said.

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Renew Economy Thursday, August 31, 2017 - 15:20 Source

Coalition reportedly drops links to emission trajectories in draft proposal for a Clean Energy Target. It comes as Turnbull changes tone again on new coal, and the Queensland LNP releases a renewables policy derided immediately as a "farce".

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MacroBusiness Thursday, August 31, 2017 - 15:06 Source

Back in 2009 Gerry Harvey had an idea. It didn’t make any economic or policy sense but sure made sense for his business, via Herald Sun: BILLIONAIRE retailer Gerry Harvey says Australia needs a two-tier wage system to allow employers to pay foreign guest workers less than locals. The Harvey Norman boss said Australia’s prosperity

The post Gerry Harvey moonshots on population ponzi appeared first on MacroBusiness.

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Renew Economy Thursday, August 31, 2017 - 14:58 Source

Policy responses to high electricity prices should pay more attention to how consumers can be helped to use less electricity

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MacroBusiness Thursday, August 31, 2017 - 14:52 Source

The China steel PMI is notoriously volatile. It is perhaps therefore a better directional indicator than it is an absolute reading on conditions. Nonetheless, today’s version is off its face at 57.2 with new orders rocketing to 66.6: Stock inventories are still drawing as well though raw materials are rising. The non-manufacturing PMI suggested a

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Renew Economy Thursday, August 31, 2017 - 14:45 Source

Australia’s most innovative green homes will be open to the public on Sustainable House Day, taking place on Sunday 17 September.

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MacroBusiness Thursday, August 31, 2017 - 14:10 Source

Via Westpac: Implications for Q2 GDP growth forecast We have rounded up our forecast for Q2 GDP growth to 0.7%qtr, 1.6%yr, edged up from 0.6% qtr. This reflects the upside surprise from equipment spending, plus also an awareness of labour market strength in the quarter, with hours worked up 1.2%. In terms of private infrastructure

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MacroBusiness Thursday, August 31, 2017 - 14:06 Source

Yey! The HIA: “The substantial increase in the price of residential land continues to be the single biggest factor behind recent deteriorations in housing affordability” stated HIA Senior Economist, Shane Garrett. The HIA-CoreLogic Residential Land Report, Australia’s leading report on the residential land market, shows that a typical vacant lot of land for housing increased

The post Land bubble bulges appeared first on MacroBusiness.

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Political Owl Thursday, August 31, 2017 - 13:39 Source
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