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MacroBusiness Thursday, August 24, 2017 - 08:28 Source

Given that’s what we’re doing, and screwing ourselves royally in the process, here’s some advice on how to do it properly. First, you set up a special economic zone where the normal rules do not apply. This should include lower taxes and no industrial relations laws. Put it somewhere out of the way of the

The post How to run a cheap labour import economic model appeared first on MacroBusiness.

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MacroBusiness Thursday, August 24, 2017 - 07:24 Source

By Nathan Lynch of Thomson Reuters. By early 2015, Commonwealth Bank’s investment in the rollout of hundreds of intelligent deposit machines across Australia was paying off handsomely. The country’s largest financial institution was reporting bumper profits. The gradual automation of its teller services, via this new kit, along with the push towards 24/7 banking, was

The post How CBA invited in the criminals appeared first on MacroBusiness.

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The Australian Independent Media Network Thursday, August 24, 2017 - 06:00 Source

Thursday 24 August 2017 Bill Shorten’s timing is impeccable. Fancy turning up on Q&A last Monday after two disastrous weeks for Malcolm Turnbull. And on a day when Newspoll put Labor 8 percentage points in front of the Coalition. However it happened I would suggest that it’s time to take him seriously. The difference in…

The post Day to Day Politics: Time to take Shorten seriously. appeared first on The AIM Network.

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MacroBusiness Thursday, August 24, 2017 - 05:53 Source

Via The Australian: Crossbench MP Bob Katter says he would be willing to switch his allegiance to Tony Abbott and support a government led by the former prime minister. A week after telling Malcolm Turnbull he could no longer rely on his support, Mr Katter said he wanted to meet with Mr Abbott in the

The post Katter nominates Abbott to succeed Turnbull appeared first on MacroBusiness.

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MacroBusiness Thursday, August 24, 2017 - 00:20 Source

The chances are that you read Macrobusiness for no-nonsense, unbiased insight into the most pertinent issues in today’s macroeconomic climate. So do over 120,000 other people around the world per month. Now you have a chance to meet the team in person, talk investments, hear first hand about how the popular blog was founded, how

The post Announcing the MB Fund seminar series appeared first on MacroBusiness.

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Digitopoly Thursday, August 24, 2017 - 00:16 Source

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North Coast Voices Thursday, August 24, 2017 - 00:15 Source

When is a welfare program trial no longer a trial? When the Turnbull Government decides to remove those restriction which made it a trial……….This Bill removes section 124PF of the Social Security (Administration) Act 1999, which specifies that the cashless debit card trial will occur in up to three discrete locations, include no more than 10,000 people, and will end on 30 June 2018. Removing this section will support the extension of arrangements in current sites, and enable the expansion of the cashless debit card to further sites.

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MacroBusiness Thursday, August 24, 2017 - 00:10 Source

But only for the povoes: Melbourne’s relentless population growth is placing extreme stress on crucial early childhood and health-care services, with fringe growth suburbs bearing the brunt of the pain. Services such as new maternity hospitals, maternal-and-child-health centres and kindergartens in these areas are not being properly planned for, a report by the auditor-general has found. Some

The post Population ponzi overruns kinders, maternity, bridges, tunnel, houses appeared first on MacroBusiness.

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MacroBusiness Thursday, August 24, 2017 - 00:05 Source

Iron ore price charts for August 23, 2017: Tianjin benchmark fell $1.40 to $77.40. Paper firmed overnight. Steel fell sharply. From Reuters: Steel and iron ore futures in China fell about 4 percent on Wednesday as a selloff in steel dragged down prices of the steelmaking raw material, cutting short a rally that lifted iron

The post Daily iron ore price update (still hot) appeared first on MacroBusiness.

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MacroBusiness Thursday, August 24, 2017 - 00:04 Source

Via Reuters: China’s key short-term money rates leapt to their highest in nearly five months on Wednesday, as the central bank drained funds for a third day, keeping up the pressure on financial institutions to scale back more speculative forms of financing. Similar bouts of tightness in June and July had raised fears of a

The post China taps the brakes again appeared first on MacroBusiness.

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MacroBusiness Thursday, August 24, 2017 - 00:04 Source

Via SCMP: Cash-rich Chinese firms – the big spenders in the global property market in the past four years – are getting cold feet as Beijing tightens controls on outbound investment. “Requests for overseas acquisitions are already drying up,” said Paul Guan, a partner with global law firm Paul Hastings who advises Chinese institutional investors

The post Farewell Chinese real estate hot money appeared first on MacroBusiness.

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MacroBusiness Thursday, August 24, 2017 - 00:01 Source

Global Macro / Markets / Investing: Exxon proven to be as bad as big tobacco, internally acknowledge AGW, externally obfuscate according to Harvard study – The Guardian Hiring more women means higher stock prices? – Bloomberg Euro and Pound to head to parity – FT Cyclically adjusted PE valuations head to new sky highs for

The post Links 24 August 2017 appeared first on MacroBusiness.

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The Australian Independent Media Network Wednesday, August 23, 2017 - 20:12 Source

Rossleigh: Good evening, we have the Primed Minister, Malcolm Tinbull. Malcolm: With all due respect, I don’t think you can say that. Rossleigh: Why not? Malcolm: Well, I’m just a fictional character, aren’t I? I’m not the real Prime Minister. Rossleigh: Yes, that’s what most people are saying. Malcolm: No, they’re saying that I’m a…

The post Rossleigh Interviews Malcolm appeared first on The AIM Network.

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Left Focus Wednesday, August 23, 2017 - 17:52 Source

150th Anniversary Of Marx's Das Kapital ; Questions and Answers Event ; New International Bookshop Melbourne, September 7th. Please come along and show your interest and support.

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