Text used for preparation for citizenship test looks like marketing material for the coal lobby.
From Morgan Stanley: As part of the downside risk stress-testing, we ran our top down US oil production model under a broad $40-60/bbl WTI price range assumption in $5/bbl increments. Key take-aways are: – We estimate that US production will grow 800-1,050Mbbld exit/exit in 2017 with WTI in a broad $45-60/bbl range for the rest
The post More on where oil will bottom appeared first on MacroBusiness.
[[ This is a content summary only. Visit my website for full links, other content, and more! ]]
In a sign of just how hot things are getting, American Airlines cancelled 50 flights out of Phoenix because the planes can’t operate above 118°F.
New report finds that $2.3 trillion worth of projects are inconsistent with goals and objectives of limiting global warming to 2⁰C.
State Grid Corporation of China is conducting a trial to supply all of Qinghai Province with hydro, wind and solar only for 7 consecutive days
New solar plant in Queensland will be built at less than half the cost modelled in the Finkel Review, and give a payback to investors in less than 5 years. Small is beautiful for large scale solar.
By Leith van Onselen Back in September, Michael West reported how the Big Four accounting firms have taken corporate welfare to an extraordinary level, earning up at least $2.6 billion in fees from the Australian government over the past ten years at the same time as they advise multinationals on how to avoid paying tax.
The post Consultants are taking taxpayers to the cleaners appeared first on MacroBusiness.
[[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Many in financial and corporates sectors remain unaware of importance of 1.5°C target, or can't gauge its relevance and apply it to business and investment.
It is not so much the technology but eemissions regulation that matters most: Whether a plant is ultra-supercritical or not matters little, except to profits.
By LF Economics It is well known the yield curve is an accurate predictor of recession and financial instability. When the yield of bonds and bills with shorter-term maturities are larger than that of longer-term maturities (the yield spread inverts), it is a clear indicator economic growth will decline in the near future. The general
The post Yield curve suggests no recession on horizon appeared first on MacroBusiness.
[[ This is a content summary only. Visit my website for full links, other content, and more! ]]
By Leith van Onselen Retired economics professor, Peter Abelson, is the latest to call for stamp duties to be replaced by land taxes, arguing that such a reform could assist housing affordability. From Adam Creighton: Large increases in housing supply would have only a “small” impact on Sydney house prices, according to analysis commissioned by
The post Replacing stamp duties with land taxes would lower house prices appeared first on MacroBusiness.
[[ This is a content summary only. Visit my website for full links, other content, and more! ]]
theboy is the age I was when I got pulled out of a public school and thrust into an all boys private school which is great for people whose bodies work swell and who are tall; it's not so good for the little, non-sporty guy. Not only that I suffered the first onsent of depression, got sent to the school recommended psych for treatment who then promptly molested me during hypnotherapy. Maybe it's some sort of genetic thing in all of us but when we see our younger selves, our children, headed for a period of life that was mostly pain to us, but I get angry.
By Leith van Onselen John Warhurst, an emeritus professor of political science at the Australian National University, has penned a well-argued piece calling for a Royal Commission into political corruption. From The SMH: …we remain relatively unconcerned by the parade of corruption and its near neighbour, unethical insider lobbying, in our public affairs. Too often,
The post We need a Royal Commission into political corruption appeared first on MacroBusiness.
[[ This is a content summary only. Visit my website for full links, other content, and more! ]]
From Credit Suise: Slip sliding away? With the sector falling more by the day, we thought it was worth an update on what stocks are pricing in, where balance sheets sit and what the Australian industry is doing (or not as the case may be). Perhaps it is an indictment on where valuations were before,
The post CS: Australian energy sector slip-sliding away appeared first on MacroBusiness.
[[ This is a content summary only. Visit my website for full links, other content, and more! ]]