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MacroBusiness Tuesday, October 17, 2017 - 14:18 Source

I am going to do back-flip with a triple pike here. Do-nothing Malcolm has circumvented Tony Abbott on carbon: The Coalition party room has endorsed the government’s new energy plan, despite objections from Tony Abbott and others that the policy still has a component aimed at reducing emissions….Energy retailers will be required to meet standards

The post Has Do-nothing Malcolm “ended the climate wars”? appeared first on MacroBusiness.

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The Australian Independent Media Network Tuesday, October 17, 2017 - 14:00 Source

By Ad astra As a weary electorate approaches yet another holiday season, looks back over the year and asks: ‘How has our federal government improved life for ordinary Aussies’, the answer is depressing. Our self-styled ‘adult government’ has achieved so little for so long. We have had to endure indecision, poor planning, stultifying policies, governmental…

The post What’s wrong with PM Turnbull? appeared first on The AIM Network.

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The Australian Independent Media Network Tuesday, October 17, 2017 - 13:51 Source

I am firmly convinced that the entire Coalition suffers from cognitive dissonance. Barnaby Joyce, in an opinion piece for a Tamworth newspaper bemoaning the “malicious fate” that has put his position in parliament in doubt due to his dual citizenship, wrote about the “crazy boarding school in Canberra” who “revel in the salacious at the…

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MacroBusiness Tuesday, October 17, 2017 - 13:29 Source

Via Westpac: September is a seasonally strong quarter due to the post June 30 price resetting of many administered prices and as such, the ABS seasonal factors moderate our estimate to a seasonally adjusted 0.4%. Key factors in Q3 are: the ongoing grocery competition holding back food prices; the annual repricing of the tobacco excise;

The post CPI preview appeared first on MacroBusiness.

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MacroBusiness Tuesday, October 17, 2017 - 13:23 Source

By Leith van Onselen From Robert Gottliebsen (“Gotti”) comes an interesting titbit on the role that Australia’s dud Free Trade Agreements (FTAs) played in the car industry’s demise: The first Toyota closure reason was actually the so-called “free trade” agreements that Australia signed. Probably these agreements had more of an effect on Japanese executives in

The post Dodgy FTA’s helped kill the car industry appeared first on MacroBusiness.

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MacroBusiness Tuesday, October 17, 2017 - 13:16 Source

Dalian iron ore is still struggling today: Not RIO or BHP: The RIO rally is reckless. Nobody knows what’s coming from China in next few months. Big Gas is lovin’ it’s new guarantee as the Pensioner Killers roar: Big Gold has no time for bears like me, lovin’ the falling AUD: Big Sleazy is pouring

The post Crushed consumer gives ASX wings appeared first on MacroBusiness.

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Renew Economy Tuesday, October 17, 2017 - 12:56 Source

Origin Energy rolls out flexible energy trial in South Australia, allowing commercial and industrial customers to align demand with renewables output.

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The Australian Independent Media Network Tuesday, October 17, 2017 - 12:40 Source

The trouble with politicians is that they think like footballers. The premiership is the goal. Occasionally, it’s absurd to think that succeed in a given year but, whether realistic or not, at the start of every season the dream is to win. And, of course, when it comes down to that final day, players through…

The post 2020: A Glimpse Of Australia In Turnbull’s Kingdom… appeared first on The AIM Network.

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Inside Story Tuesday, October 17, 2017 - 12:36 Source

The enduring misconception about writing is that it’s a binary skill: you’re either good at it, or you’re not. But this ignores the fact that different types of writing require different techniques. Over the years I’ve written novels, short stories, news journalism, features and academic articles, but the one style I’ve never quite mastered is creative non-fiction. Thankfully, Draft No. 4: On the Writing Process provides an opportunity to learn from one of the masters of the craft, Pulitzer Prize winner John McPhee, who is widely regarded as one of the genre’s founding fathers.

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MacroBusiness Tuesday, October 17, 2017 - 12:30 Source

By Leith van Onselen Last week, the Parliamentary Budget Office (PBO) released report claiming that middle-income earners will bear the burden of bracket creep (aka ‘fiscal drag’) as wage rises push 1.8 million Australians into higher tax brackets. At the time, I noted that the PBO’s projections around income tax were inflated given they seemed

The post Low wages growth to scuttle return to Budget surplus appeared first on MacroBusiness.

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MacroBusiness Tuesday, October 17, 2017 - 12:19 Source

Amusing stuff! Aberdeen Asset Management, which manages more than half a trillion dollars worth of assets, said there was no housing bubble in 2015 and re-affirmed this view in a new research paper written by its Asia Pacific head of property research Milan Khatri. “We don’t believe that the Australian housing market is in a

The post Investment giant pumps as it dumps Aussie bank paper appeared first on MacroBusiness.

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Renew Economy Tuesday, October 17, 2017 - 12:11 Source

The Turnbull Coalition government unveils its new energy policy.

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Renew Economy Tuesday, October 17, 2017 - 12:11 Source

The Turnbull Coalition government unveils its new energy policy.

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MacroBusiness Tuesday, October 17, 2017 - 11:49 Source

By Leith van Onselen The Australian Bureau of Statistics (ABS) today released new motor vehicle sales for the month of September, which registered a 0.5% seasonally adjusted decline in the number of sales over the month and a 0.8% fall over the year: Six jurisdictions reported decreases in new car sales in August whereas two

The post New car sales trend lower in September appeared first on MacroBusiness.

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MacroBusiness Tuesday, October 17, 2017 - 11:41 Source

RBA minutes: Domestic Economic Conditions Members commenced their discussion by noting that the Australian economy had grown by 0.8 per cent in the June quarter, in line with the Bank’s forecast. Growth in consumption and the contribution from net exports had been higher than in the March quarter, partly reflecting the unwinding of temporary factors. Members noted

The post Zero urgency in RBA minutes appeared first on MacroBusiness.

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