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MacroBusiness Thursday, April 27, 2017 - 11:51 Source

Poor young Australia. Via Essential, Do-nothing Malcolm’s visa changes have not moved the needle: Even though support is good: But note the youth results. Strongest in favour of immigration and protecting visa rorts, even as they play a major role is their own disenfranchisement. Exemplary global citizens suffering for their values.

The post Youth paralysis: Caught between houses and migrants appeared first on MacroBusiness.

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MacroBusiness Thursday, April 27, 2017 - 11:51 Source

By Leith van Onselen The Australian Bureau of Statistics (ABS) has released export and import prices for the March quarter, which portends another much-needed increase in Australia’s terms-of-trade when the national accounts are released in early June. According to the ABS, export prices surged by 9.4% over the March quarter and were up by 29.1%

The post Import, export prices signal another big terms-of-trade rise appeared first on MacroBusiness.

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MacroBusiness Thursday, April 27, 2017 - 11:12 Source

Care of Elliott Clarke at Westpac: Ever since the GFC (if not many years before), financial conditions and taxation in the US has favoured wealthy households. On financial conditions: the ownership of property is heavily skewed towards the wealthy; the same can be said of stock holdings, both those held directly (which depend on existing

The post Trump’s tax plan fail: More for the rich appeared first on MacroBusiness.

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MacroBusiness Thursday, April 27, 2017 - 11:06 Source

By Leith van Onselen NSW Premier, Gladys Berejiklian, has come out against the proposal to build a high speed train line between Sydney and Melbourne, citing doubts about the cost and benefits of a very fast train service. From The Australian: NSW Premier Gladys Berejiklian is known to be sceptical despite claims by one interested

The post NSW Government cold on high speed rail appeared first on MacroBusiness.

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MacroBusiness Thursday, April 27, 2017 - 10:57 Source

From STO this morning: Surely management expected something of this nature and has a plan? Down 6% today and back at 198o prices… Why was anyone buying this thing beforehand?

The post Confused Santos crashes appeared first on MacroBusiness.

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MacroBusiness Thursday, April 27, 2017 - 10:36 Source

Via The Australian: Malcolm Turnbull has promised manufacturers the price they pay for gas will halve as he intervenes in the market and imposes tough export controls to ensure Australian businesses, families, employers and industry receive guaranteed and affordable supplies. The Prime Minister said 65,000 jobs reliant on gas were at risk until action was

The post Do-nothing Malcolm: Gas price to halve appeared first on MacroBusiness.

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MacroBusiness Thursday, April 27, 2017 - 10:14 Source

By Leith van Onselen ABC’s 7.30 Report last night ran a depressing segment on the Western Australian economic/property crash. The segment features a project engineer named Brad Wright, who has seen his income slashed and has lost a tonne of money in investment properties: BRAD WRIGHT, PROJECT ENGINEER: People have had their income slashed to

The post ABC does the WA economic/property bust appeared first on MacroBusiness.

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MacroBusiness Thursday, April 27, 2017 - 10:08 Source

Well done gas cartel: Fears about rising energy prices have driven consumers and businesses to install solar panels at the fastest rate in at least a decade, lifting total national capacity to the equivalent of powering a city the size of Melbourne. New figures from the Australian Photovoltaic Institute show the country has passed 6 gigawatts of solar

The post Rooftop solar rockets as gas prices itself out appeared first on MacroBusiness.

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The Australian Independent Media Network Thursday, April 27, 2017 - 10:02 Source

I’m not going to equivocate about this.  In my view Jassmin Abdel-Magied made a serious error of judgement yesterday and her words were in poor taste.  Some of the reaction was hyperbolic and confected, but that doesn’t change my opinion of the original post. I have said in the past I really don’t like seeing…

The post Jassmin Abdel-Magied appeared first on The AIM Network.

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The Australian Independent Media Network Thursday, April 27, 2017 - 10:02 Source

I’m not going to equivocate about this.  In my view Yassmin Abdel-Magied made a serious error of judgement yesterday and her words were in poor taste.  Some of the reaction was hyperbolic and confected, but that doesn’t change my opinion of the original post. I have said in the past I really don’t like seeing…

The post Yassmin Abdel-Magied appeared first on The AIM Network.

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The Australian Independent Media Network Thursday, April 27, 2017 - 10:02 Source

I’m not going to equivocate about this.  In my view Yassmin Abdel-Magied made a serious error of judgement yesterday and her words were in poor taste.  Some of the reaction was hyperbolic and confected, but that doesn’t change my opinion of the original post. I have said in the past I really don’t like seeing…

The post Yassmin Abdel-Magied appeared first on The AIM Network.

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The Australian Independent Media Network Thursday, April 27, 2017 - 10:00 Source

The fear of ‘the others’ permeates everything lately. Social media, politicians, commentators and the mainstream media are enabling a culture of stigma and ‘othering’. Fear of people we don’t understand shuffles beneath the surface of individual thought.  These fears have a parasitic grip on beliefs, ideas and thought. It channels thought, word and deed through the…

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MacroBusiness Thursday, April 27, 2017 - 09:49 Source

This morning I asked S&P’s Australian analyst, Craig Michaels, the following: Does today’s mooted changes in Budget accounting, which divides supposed good and bad debt, alter the way S&P views the Budget? Specifically: will it alter the calculation of general government debt to GDP? will it alter S&P’s view of the 30% general government debt

The post Exclusive: S&P hoses Morrison’s Budget accounting fiddle appeared first on MacroBusiness.

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MacroBusiness Thursday, April 27, 2017 - 09:43 Source

Canada’s largest mortgage no-bank mortgage lender appears to be going under, via Bloomberg: Home Capital Group Inc.’s shares plunged more than 60 percent after the mortgage lender disclosed a costly new loan to tide it over as its deposits dwindle, intensifying a spiral of bad news for the company. The C$2 billion ($1.5 billion) loan is

The post Is the Canadian property bubble bursting? appeared first on MacroBusiness.

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Popular Science Thursday, April 27, 2017 - 09:25 Source

From the danger-sign orange of Monarch butterflies, to the regal blues of the Blue Morpho, butterflies come in a veritable rainbow of colors. The insects display those incredible hues thanks to scales on their wings. Those scales are made up of crystals, which are made up of a sugar molecule called chitin (the same stuff that makes up insect exoskeletons and mushrooms). The tiny crystals on butterflies' scales are called gyroids. They're of interest to biologists, but also to materials scientists. Butterflies' gyroids are for more tiny and precise than anything made by humans today.

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