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Renew Economy Monday, April 24, 2017 - 10:34 Source

Scenarios by Australian Market Operator suggest wind and solar could be capable of providing 80 per cent of South Australia's electricity demand within 5 years.

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Renew Economy Monday, April 24, 2017 - 10:34 Source

Scenarios by Australian Market Operator suggest wind and solar could be capable of providing 80 per cent of South Australia's electricity demand within 5 years.

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MacroBusiness Monday, April 24, 2017 - 10:33 Source

From the magnificent Credit Suisse team today: Two steps back, another one sideways? There seems a fixation on whether we should call the situation in the gas market a crisis or not. We can think of numerous words for it, most of which aren’t publishable within a refined institution like Credit Suisse. Whatever we call

The post Credit Suisse: Gas solutions do not convince a 5-year old appeared first on MacroBusiness.

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The Australian Independent Media Network Monday, April 24, 2017 - 10:30 Source

By John Haly “We are bringing the 457 visa class to an end”, announced Mr Turnbull after Easter, “…We will replace it with two new temporary skills visas.” With a quick slight of hand, Turnbull re-branded the much criticised 457 visa with two – as yet unnamed – programs to bring foreign workers to Australia.…

The post Turnbull’s reinvention of the 457 visa scheme does little to aid Australia appeared first on The AIM Network.

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MacroBusiness Monday, April 24, 2017 - 10:19 Source

This is no longer a seasonal fall: Indeed, it is now materially below the comparable week in 2016 (which had already turned and was climbing) on macroprudential 2.0, which was itself down hard from 2015 on macroprudential 1.0. At the very least this is confirmation that recent tightening has blown the froth right off the

The post CoreLogic leading mortgage index tumbles appeared first on MacroBusiness.

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MacroBusiness Monday, April 24, 2017 - 10:10 Source

Via UBS: Housing activity remains surprisingly buoyant, but we are ‘calling the top’ Housing surprised to the upside recently with Feb-17 approvals rebounding to 228k. Indeed, despite tighter credit, commencements also held at 228k in Q4-16, the 2nd most ever, seeing a record 2016 of 232k. While the RBA is more worried on housing, we

The post UBS calls the top for property appeared first on MacroBusiness.

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En Passant Monday, April 24, 2017 - 10:06 Source

 text

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xkcd.com Monday, April 24, 2017 - 10:00 Source

I guess it's also the right setting for pictures of the Moon at night.

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MacroBusiness Monday, April 24, 2017 - 09:47 Source

By Leith van Onselen The whining over Labor’s proposed ban on self-managed superannuation funds (SMSFs) being able to borrow money to fund property purchases hit a crescendo over the weekend. Let’s take a look at the arguments on offer. First up, The Australian editorial claimed that “Labor’s plan would cost us dearly”: Bill Shorten wants

The post SMSFs wail over Labor’s property curbs appeared first on MacroBusiness.

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John Quiggin Monday, April 24, 2017 - 09:43 Source

Another Monday Message Board. Post comments on any topic. Civil discussion and no coarse language please. Side discussions and idees fixes to the sandpits, please.

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The Melbourne Urbanist Monday, April 24, 2017 - 09:40 Source

Melbourne’s new Darebin-Yarra Link will be more like a freeway than a shared walking and cycling trail; it’ll be hard – and unsafe – for nearby residents to get access to it Should walking and cycling trails be like freeways?

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MacroBusiness Monday, April 24, 2017 - 09:30 Source

By Chris Becker  A big collective gasp across markets this morning as the potential builds for a “Le Trump” in France, with even the ECB stepping in and saying it will, err, step in to smooth out any chaos if Le Pen wins. The presidential elections are causing currency markets to gap higher this morning

The post Macro Morning (Trading Week) appeared first on MacroBusiness.

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Your Democracy Monday, April 24, 2017 - 09:14 Source
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Cheeseburger Gothic Monday, April 24, 2017 - 08:30 Source

The Doc and I talk how wrong we have been already about the NBA, the paralells between WSC and the current debacle happening in netball and how wrong the timing is for a womens sport to be screwing up. Then we laugh at the Knicks again and how even their fans won't buy our Knicks colourway T, before discussing the FA cup, ecenomic terrorism and YOU AIN'T GONNA ROOK US!

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Your Democracy Monday, April 24, 2017 - 07:37 Source

cheeses

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MacroBusiness Monday, April 24, 2017 - 06:50 Source

The below charts do not pick up any movement from this morning’s French election results. The US dollar was firm: Commodity currencies too: And gold: Brent was whacked: Base metals were soft: Big miners mixed: EM stocks firm: High yield too: US bonds sold: European spreads tumbled: Stocks were muted: Friday’s big news was that

The post Vive Le Pen! appeared first on MacroBusiness.

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MacroBusiness Monday, April 24, 2017 - 06:12 Source

Welcome to the thin end of the immigration cuts wedge, from Newspoll: The latest Newspoll, taken ­exclusively for The Australian, ­reveals a dip in support for Labor and the Greens over the past three weeks while the Coalition has held its primary vote at 36 per cent and improved its position after preferences. The government

The post 457 move fails to lift Do-nothing Malcolm polling appeared first on MacroBusiness.

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MacroBusiness Monday, April 24, 2017 - 06:11 Source

By Leith van Onselen Unbelievably, the party that is supposed to safeguard the Australian environment – The Australian Greens – is trying to scuttle the Turnbull Government’s modest changes to so-called ‘skilled’ 457 visas. From The Canberra Times: The Turnbull government’s plan to scrap the 457 skilled migration visa faces new hurdles in the Senate with

The post Fake Greens try to scuttle 457 visa changes appeared first on MacroBusiness.

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The Australian Independent Media Network Monday, April 24, 2017 - 05:59 Source

Monday 24 April 2017 As I said yesterday the Australian’s NewsPoll will be published today. The week started with a change to 457 Visa rule changes, then the rules pertaining to Citizenship. Then coincidently Peter Dutton turns up on Insiders. Will the weeks propaganda turn the tide of unpopularity. Those who follow politics would understand that this…

The post Day to Day Politics: Dutton has alternative facts? appeared first on The AIM Network.

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Poll Bludger Monday, April 24, 2017 - 03:41 Source

Courtesy of The Australian, the latest result from Newspoll records Labor with a two-party lead of 52-48, down from 53-47 in the last poll (which was three weeks ago rather than the usual two, owing to Easter). Labor and the Greens are both down a point on the primary vote, to 35% and 9%, with the Coalition and One Nation steady on 36% and 10%. Malcolm Turnbull is up two on approval to 32% and down two on disapproval to 57%, while Bill Shorten is up one to 33% and down one to 53%. Turnbull’s lead as preferred prime minister shifts from 41-32 to 42-33.

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MacroBusiness Monday, April 24, 2017 - 00:20 Source

From Gerard Henderson over the weekend: It’s no way to treat a former leader. The Australian Financial Review’s lead story on Thursday, titled “Revealed: How Turnbull saved Abbott’s skin”, continues a campaign by supporters of Malcolm Turnbull to diminish his predecessor. This is potentially unwise and ignores the strong support for Tony Abbott within the

The post The Coalition needs to see a shrink appeared first on MacroBusiness.

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MacroBusiness Monday, April 24, 2017 - 00:17 Source

By Leith van Onselen The Weekend Australian had a full blown whinge over the Turnbull Government’s announced changes to Australia’s temporary ‘skilled’ visa system, claiming that it will damage the economy. First up, we have political editor, Paul Kelly: The politically driven battle cry “Aussie jobs before foreigners” is a decisive change in the zeitgeist

The post Murdoch flunkies whine about 457 visa reforms appeared first on MacroBusiness.

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North Coast Voices Monday, April 24, 2017 - 00:16 Source

The Northern Star, 20 April 2017:BYRON Shire Councillor Cate Coorey has reacted angrily to a letter received by council from NSW Minister for Planning Anthony Roberts, pushing council to make a Draft Control Plan for the West Byron site that she and a number of other councillors see as flawed.At a meeting on November 17 last year, council resolved "that subject to peer reviews of frog, koala, traffic, and water and flood management reports, council (should) approve the Byron Shire Development Control Plan 2014".Instead, the Planning

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North Coast Voices Monday, April 24, 2017 - 00:15 Source

Unhappy voters on the subject of the cashless debit card also known as the Heathy Welfare Card......AIM Network, 5 March 2017:Indue LtdC/- Stargroup Ltd(Formerly ICash Payment Systems, Formerly Reef Mining).PO Box 523 ToowongQLD 4066 AustraliaP: +61 7 3258 4222F: +61 7 3258 4211E: indue@indue.com.au5 March 2017Re the ‘Healthy’ Welfare Card.Dear Indue Ltd – its Board, Directors and Shareholders,I am aware that the Commonwealth Human Services Minister in the Turnb

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MacroBusiness Monday, April 24, 2017 - 00:15 Source

Via The Australian: Coalition MPs with thousands of dole recipients in their electorates have hit out at “job snobs” and demanded the government target those who are “working the system” by choosing welfare over work and leaving employers to rely on foreign labour. Warning that employers, particularly in regional areas, are “competing with the welfare

The post Government right to target “job snobs” appeared first on MacroBusiness.

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MacroBusiness Monday, April 24, 2017 - 00:14 Source

From the AFR over the weekend: “The rhetoric and the language I think is dangerous for the ability to attract that talent and retain that talent,” he said. “The ‘Australia first’ is a very nationalist argument, very exclusive, not inclusive. And here we’re trying to hire someone in Australia by telling them we really want

The post So, Mr Cannon-Brookes, what kind of billionaire are you? appeared first on MacroBusiness.

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MacroBusiness Monday, April 24, 2017 - 00:13 Source

From Westpac’s Red Book: ― The ‘time to buy a dwelling’ index has continued to track lower, down 4.5% since Jan. At 96.3, the Apr read is nearly 25% below the long run average. ― As with sentiment overall, the Apr month saw a wide range of sub-group moves. In most cases this was in

The post “Time to buy” hints property price top is near appeared first on MacroBusiness.

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MacroBusiness Monday, April 24, 2017 - 00:13 Source

CoreLogic released its auction report yesterday, which revealed another weekend of strong auction conditions, despite the national auction clearance rate falling to 72.1% from 77.6% in the weekend before Easter, and remained above the 69.7% recorded in the same weekend last year: Auction volumes nationally (1,732) were also above the same weekend last year (1,565).

The post Sydney auction clearances weaken appeared first on MacroBusiness.

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MacroBusiness Monday, April 24, 2017 - 00:13 Source

Via Banking Day: The latest reconnaissance report by Ian McPhee for the Australian Bankers Association on the sector’s 2016 measures to fend off intrusions throws a soft light on the sector, with topics of controversy, delay or push back pared down to the point of obscurity. One of those topics is the lack of consensus

The post Making ugly beautiful: Bank’s fake government deploys soft focus appeared first on MacroBusiness.

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MacroBusiness Monday, April 24, 2017 - 00:12 Source

By Leith van Onselen CommSec has released its latest State of the States report, which yet again ranks New South Wales and Victoria on top due largely to a combination of strong population growth, housing, and debt-fueled consumption: Each quarter CommSec attempts to find out by analysing eight key indicators: economic growth; retail spending; business

The post NSW, VIC parasites continue to drive ponzi economy appeared first on MacroBusiness.

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