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Cheeseburger Gothic Wednesday, January 20, 2021 - 21:20 Source

Lobes sent me this mind blowing vid on the Twitz this morning. Umberto Eco looking for a book in his personal library.

Doesn't sounds like much, but just watch.

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George Monbiot Wednesday, January 20, 2021 - 18:19 Source

It is hard to imagine how the government’s handling of the pandemic could have been more catastrophic.  

By George Monbiot, published in the Guardian 13th January 2021

Here’s the chilling, remarkable thing that should be inscribed on everyone’s minds: there is no plan. This week, I asked the government’s Cabinet Office three simple questions. What are the objectives of the current lockdown? What are the criteria for deciding when it should be lifted? What are the criteria for imposing other restrictions following this lockdown? It had no answers.

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MacroBusiness Wednesday, January 20, 2021 - 16:30 Source

Asian share markets are somewhat mixed and unsettled going into tonight’s newsflow with Trump “serving” his last day as US President, with focus and realisation of both further stimulus and big tax increases confusing risk appetites. Bitcoin is at another crossroads, having sold off throughout the session to be back below the $36K level and

The post Macro Afternoon appeared first on MacroBusiness.

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The Australian Independent Media Network Wednesday, January 20, 2021 - 15:58 Source

Flags are strange things. Or rather, that should be people’s attitudes to flags are strange. For example, if you’ve been given the role of carrying your nation’s flag, it’s generally considered poor form to let the flag touch the ground. On the other hand, some people consider it very patriotic to buy thongs with the…

The post Australia Day OR Fun With Flags… appeared first on The AIM Network.

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Renew Economy Wednesday, January 20, 2021 - 15:13 Source

Macquarie Green Investment Group to take stake in esVolta, developer and owner of US big batteries including 600MWh of contracted projects mostly in California.

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MacroBusiness Wednesday, January 20, 2021 - 14:40 Source

Some economists believe that fixed mortgage rates in Australia might have hit their bottom: The Reserve Bank Of Australia has been buying up government bonds to maintain record-low interest rates. According to the National Australia Bank, the RBA will own nearly all April 2024 bonds by the middle of this year. Economists say this will

The post Have mortgage rates bottomed? appeared first on MacroBusiness.

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MacroBusiness Wednesday, January 20, 2021 - 14:20 Source

Via Bloomie: While much of the world was under stay-at-home orders on the first day of 2021, Chinese moviegoers packed into cinemas to watch the romantic comedy Warm Hug and the drama A Little Red Flower, generating the country’s biggest New Year’s box office on record. The 545 million-yuan ($84 million) splashed out on movie

The post China’s much vaunted consumption rise is drivel appeared first on MacroBusiness.

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MacroBusiness Wednesday, January 20, 2021 - 14:00 Source

Via The Guardian: Batteries capable of fully charging in five minutes have been produced in a factory for the first time, marking a significant step towards electric cars becoming as fast to charge as filling up petrol or diesel vehicles. Electric vehicles are a vital part of action to tackle the climate crisis but running

The post Extreme fast-charging EV batteries emerge appeared first on MacroBusiness.

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MacroBusiness Wednesday, January 20, 2021 - 13:40 Source

Via the BofA fundie survey: Bottom line: investors entiment bullish, EPS/yields/inflation/EM readings @ recordhighs, cash @ 8-year low, Bitcoin most crowded trade; BofA Bull & Bear Indicator @bullish 7.1; risk correction imminent. Correction catalysts: Jan FMS says either 1. peak growth on vaccine/virus or China (watch WTI<$46/b), or 2. peak liquidity on higher dollar &

The post BofA: Stock correction “imminent” appeared first on MacroBusiness.

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MacroBusiness Wednesday, January 20, 2021 - 13:20 Source

Driving back from my early morning boxing training this week, I have been struck by the huge rise in Melbourne traffic as the city emerges from summer holidays. Crossing the bridge over the M1 at East Malvern at 7am has revealed a car park below, with traffic snarled and barely moving. The culprits appear to

The post Melbourne faces ‘carmageddon’ appeared first on MacroBusiness.

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Renew Economy Wednesday, January 20, 2021 - 13:09 Source

tesla badgeTesla extends exclusive battery research contract with Dalhousie University team led by Jeff Dahn, who will also now advise to ASX-listed batte

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MacroBusiness Wednesday, January 20, 2021 - 13:00 Source

As China delivered Australia a list of 14 demands to end our democracy, Albo had this to say: Labor leader Anthony Albanese has sharpened criticism of Scott Morrison’s handling of the China relationship, suggesting he is unnecessarily causing offence, as the US and British governments both condemned Beijing over its smear of Australian soldiers. With

The post Albo: Grovel to Xi, put boot into Trump appeared first on MacroBusiness.

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THE BLOT REPORT Wednesday, January 20, 2021 - 12:54 Source

While many of the bizarre and disturbing personalities involved in the Capitol invasion have been discussed at length elsewhere, and to a lesser extent on this blog1, there is another aspect has not been examined in detail until more recently. The participation of off-duty police officers in the invasion of the Capitol building in Washington has raised concerns that there are a considerable number of white-supremacists within police departments across the U.S.

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MacroBusiness Wednesday, January 20, 2021 - 12:40 Source

By Kristina Clifton, senior economist at CBA: Key Points CBA’s household indicators suggest that the economy was starting to normalise in Q4 2020. The share of households receiving a salary payment lifted across all age groups while the share receiving government benefits fell. Investment income also retreated towards more normal levels as less people withdrew

The post CBA’s household indicators suggest economy was normalising in Q4 20 appeared first on MacroBusiness.

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