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MacroBusiness Wednesday, June 19, 2019 - 00:12 Source

By Leith van Onselen The NSW Budget was released yesterday, which downgraded the state’s stamp duty receipts by a further $232 million over the forward estimates, and marked a $10.6 billion plunge in stamp duty revenue since 2017. The below charts iuulstrate how NSW’s stamp duty projections have been downgraded over the past year. First,

The post NSW stamp duty bust drives public sector job cuts appeared first on MacroBusiness.

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MacroBusiness Wednesday, June 19, 2019 - 00:10 Source

By Leith van Onselen SQM Research has released its rental vacancy series for May, which revealed a small fall in the national vacancy rate to 2.2% from 2.3% last month; although it was up 0.1% over the year: Over the year, increases in vacancies were recorded in Sydney (+0.8%), Melbourne (+0.4%) and Canberra (+0.4%), whereas

The post Rental vacancies declined in May appeared first on MacroBusiness.

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MacroBusiness Wednesday, June 19, 2019 - 00:08 Source

Earlier this month, Auditor-Generals from Australia’s three largest states warned that Australia’s universities have become dangerously reliant on fees from international students, which have ballooned on the back of the massive rise in international student numbers, as shown below: As you can see, the number of international students studying in Australia has nearly doubled to

The post Universities waste international student billions on administration appeared first on MacroBusiness.

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MacroBusiness Wednesday, June 19, 2019 - 00:05 Source

“Tiny homes are an Orwellian rebranding of the systematic exclusion of younger generations from home ownership”. What a great quote that is. What smart cookie came up with that? Some bloke named David Llewellyn-Smith on ABC radio yesterday. Full interview here: They should get him on more often.

The post ScoMo’s “tiny homes” campaign napalmed on ABC radio appeared first on MacroBusiness.

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Renew Economy Wednesday, June 19, 2019 - 00:03 Source

render solar and storage - optimisedBloomberg NEF says people-powered revolution in rooftop solar and battery storage, along with cheap wind and solar farms, will drive coal out of Australia's grid.

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MacroBusiness Wednesday, June 19, 2019 - 00:01 Source

Global Macro / Markets / Investing: U.S. shale oil output to rise to record 8.52 million barrels per day in July: EIA – Reuters Why bitcoin hasn’t gone to zero and is now knocking on the door of $10,000 – MarketWatch Asian markets mostly gain ahead of central bank meetings – MarketWatch Americas: Bosses pocket

The post Links 19 June 2019 appeared first on MacroBusiness.

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The Australian Independent Media Network Tuesday, June 18, 2019 - 23:38 Source

“Our nation faces a slow decline if it takes no action on its major economic, social and environmental challenges.” Unless we act boldly; commit to long-term thinking, we face a poorer, bleaker future. It’s the big idea of the Australian National Outlook 2019 (ANO 2019), a report published Wednesday, 12 June, by CSIRO whose partners…

The post Dutton’s naked power grab. appeared first on The AIM Network.

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THE BLOT REPORT Tuesday, June 18, 2019 - 18:49 Source

The post Joseph Stiglitz quote appeared first on THE BLOT REPORT.

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The Australian Independent Media Network Tuesday, June 18, 2019 - 17:30 Source

It has been a history of turns and the occasional betrayal, but Hong Kong’s experiment with democracy, incubated within the Special Administrative Region, was always going to be contingent on some level. Its colonial past is a poke, a reminder of British bullying, the corruptions of opium and a time when Qing China was torn…

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Renew Economy Tuesday, June 18, 2019 - 17:02 Source

South Australia to make electric vehicles a focus as it looks to solve the solar “duck curve” in the grid, and help integrate high renewables.

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MacroBusiness Tuesday, June 18, 2019 - 16:30 Source

Asian share markets continue their mixed start to the trading week as risk markets continue to wait the latest from the tanker attacks in the Gulf and the upcoming FOMC Meeting on Wednesday. The PBOC is basically holding steady with its firm hold on the Yuan while the RBA released its latest minutes which sent

The post Macro Afternoon appeared first on MacroBusiness.

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The Australian Independent Media Network Tuesday, June 18, 2019 - 16:15 Source

By Henry Johnston   Difficult to pin down when this narrative actually began, but for argument’s sake I’ll posit its start with the recent Australian Federal Election and the plethora of fake news trumpeting a Labor victory. A successive run of negative polls published over at least two years, pointed to this mythical Labor win. Indeed,…

The post The falsity of fake news appeared first on The AIM Network.

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Renew Economy Tuesday, June 18, 2019 - 15:10 Source

strategy Power supply for electric car charging Electric car charging station vehicle - optimisedEV can help to significantly lower global transport emissions, but governments must develop the strategies to ensure they can achieve their full potential.

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The Australian Independent Media Network Tuesday, June 18, 2019 - 15:03 Source

“For the farmer sows his fields Of barley, oats or wheat. While the lawyer reaps fortune From fields of deceit.” Brian Pascoe leaned forward in the soft leather chair with one arm on the lawyer’s desk and the other hand on his knee. His brow was knitted and he felt his anger raising as he…

The post Fields of Deceit appeared first on The AIM Network.

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MacroBusiness Tuesday, June 18, 2019 - 14:30 Source

The Communist Party of China has turned deeply irrational. We’ve seen it paint itself into a corner on a trade deal, massively overreach in Hong Kong and now it is readying to push the trade war into commodities. Via Zero Hedge: During a Monday press conference, the Chinese NDRC said it was developing new state

The post Crazy China prepares rare earths ban appeared first on MacroBusiness.

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