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THE BLOT REPORT Sunday, May 9, 2021 - 15:15 Source

It has often been said that we should not be afraid of a politician’s religious belief; that it is their private business and it should concern nobody else; after all, most Australian Prime Ministers have been adherents of one or other sect.  However, never in my experience, have I seen anyone so dominated by their religious belief (Pentecostalism) as Scott Morrison.

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The Australian Independent Media Network Sunday, May 9, 2021 - 12:32 Source

By-election results make poor predictors. The government of the day can often count on a swing against it by irritated voters keen to remind it they exist. It’s an opportunity to mete out mild punishment. But the loss of the seat in Hartlepool by the British Labour party is ominous for party apparatchiks. For the…

The post Crashing Out in Hartlepool: Labour Ills and Teflon Boris appeared first on The AIM Network.

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The Australian Independent Media Network Sunday, May 9, 2021 - 11:03 Source

When treasurer Josh Frydenberg abandoned the Tony Abbott mantra that “you can’t fix the economy unless you fix the budget,” it was clear that something within the mindset of the treasurer and the government, had changed. They realised that the reverse was true. No longer do they believe that debt is a disaster, or that…

The post Covid exposes the reality of fake debt. appeared first on The AIM Network.

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Your Democracy Saturday, May 8, 2021 - 20:18 Source

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The Australian Independent Media Network Saturday, May 8, 2021 - 11:28 Source

By Dr Meredith Doig   Last week, my organisation published Scott Morrison’s infamous “God’s work” speech. But as citizens of a supposedly secular nation, our crusade continues. Imagine if our Prime Minister were a hard-line atheist giving speeches about political matters at an atheist convention that he or she wanted to keep from the wider public.…

The post Why my organisation leaked Scott Morrison’s “evil one” speech appeared first on The AIM Network.

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The Australian Independent Media Network Saturday, May 8, 2021 - 10:45 Source

By Denis Bright   The 2021-22 Budget will offer positive trendlines on the extent of economic recovery even after the removal of JobKeeper support on 28 March 2021. Only time will tell if the recovery is sustainable. Return to that traditional rhetoric about the horrors of debt and deficit will inevitably follow the re-election of the…

The post Seeking the Post-COVID Sunshine: Talking Up the Unequal Economic Recovery appeared first on The AIM Network.

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The Australian Independent Media Network Saturday, May 8, 2021 - 09:43 Source

By Annasis Liz Kelly   Take me by the hand and let me tell you a story of a man who thought he was God’s gift to, well, Australia. There is a certain person who has a very high position in the government who believes that he was anointed to this position because of the God…

The post Religion and Politics: A Letter to Scott Morrison appeared first on The AIM Network.

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Your Democracy Saturday, May 8, 2021 - 08:39 Source

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MacroBusiness Saturday, May 8, 2021 - 00:01 Source

Global Macro / Markets / Investing: Premarket Stocks: Why Amazon is The ‘Perfect’ Money Making Machine – Asset Investo Amazon: new evidence of anti-competitive practice – Swacash Widespread Commodity Shortages Raise Inflation Fears – NY Times Gold prices end higher, notch best weekly gain of the year – MSN Americas: America’s Wealth Gap is Much

The post Weekend Reading: 8-9 May 2021 appeared first on MacroBusiness.

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MacroBusiness Friday, May 7, 2021 - 16:30 Source

A fairly staid finish to the trading week here in Asia with a truncated session for mainland Chinese and Japanese markets equating to a bit of catch up and not much else, with the former retracing significantly. The USD is trying to firm here going into tonights unemployment print while gold is trying to build

The post Macro Afternoon appeared first on MacroBusiness.

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Renew Economy Friday, May 7, 2021 - 14:10 Source

EleXsys Energy, trading in Australia as Planet Ark Power, completes capital raise as it targets new markets for solar grid integration.

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MacroBusiness Friday, May 7, 2021 - 14:00 Source

In June 2019, Sydney’s 132-apartment Mascot Tower was evacuated after large cracks were discovered. Fresh cracks then appeared in February 2020, prompting authorities to close shops and set up an exclusion zone around the building. Nearly two years on and 132 families remain locked out of their apartments with many lumped with crippling debts. Today,

The post Mascot Tower owners crumble into bankruptcy appeared first on MacroBusiness.

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MacroBusiness Friday, May 7, 2021 - 13:30 Source

The Federal Chamber of Automotive Industries (FCAI) is pressuring the federal government to replace Australia’s convoluted vehicle registration, stamp duty, licence fees and fuel excise system with a single road-user charge that taxes drivers for every kilometre they drive: “An efficient road-user charging scheme can address all vehicle users regardless of the type of vehicle

The post Distance based road pricing is the future appeared first on MacroBusiness.

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The Tally Room Friday, May 7, 2021 - 13:24 Source

We don’t yet have final voting figures, but enough has been reported to be able to get a sense of how much of a shift we have seen away from ordinary election day voting.

This has been a long-term trend that accelerated dramatically through 2020 with the COVID-19 pandemic pushing voters to vote early in person or via the post. You can see my numerous blog posts on this topic at this tag.

This trend has been far more gentle in the 2021 Tasmanian election, such that you couldn’t say for sure that it wouldn’t have happened anyway without a pandemic.

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Renew Economy Friday, May 7, 2021 - 13:23 Source

AGL signs up contractor to advise on closure and demolition of Liddell coal generator, and fast-tracks closure of one unit because it is not reliable.

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Renew Economy Friday, May 7, 2021 - 13:00 Source

Hawaii regulator approves massive three-hour battery to help wean island state off coal, but can the local utility build enough renewables to charge the project?

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MacroBusiness Friday, May 7, 2021 - 13:00 Source

RBA Governor Phil Lowe last year endorsed Treasurer Josh Frydenberg’s proposal to axe responsible lending rules, telling the Standing Committee on Economics that Australian mortgage restrictions had become too strict and were constraining the economy: “We can’t have a world in which, if a borrower can’t repay the loan, it’s always the bank’s fault. On a

The post Mortgage brokers run off their feet appeared first on MacroBusiness.

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The Australian Independent Media Network Friday, May 7, 2021 - 12:56 Source

Rossleigh: Good morning, Mr Morrison was once again unavailable for interview so I’ve tracked down a spokesman. While I was going to write “spokesperson” the person I”m interviewing objected to all that political correct nonsense and told me that God made him a man and he wasn’t ashamed of it, so spokesman it is. Good…

The post Why The Media Is So Unfair On Scott Morrison… appeared first on The AIM Network.

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MacroBusiness Friday, May 7, 2021 - 12:30 Source

The Reserve Bank of Australia (RBA) has released its Statement on Monetary Policy, which explicitly notes that Australia will face “wage pressures” if the international border remains closed to migrants: The effects on labour supply have been observed mainly in some labour supply shortages in the industries that typically employ a larger share of migrants…

The post RBA: No immigration means wage rises appeared first on MacroBusiness.

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Renew Economy Friday, May 7, 2021 - 12:14 Source

Study warns universal reliance on hydrogen-based fuels could distract from main game of renewable electrification and lock in fossil fuel dependency.

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Renew Economy Friday, May 7, 2021 - 12:10 Source

Renewable energy zones will unlock wind and solar and bring prices down, but gas faces challenges from

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Renew Economy Friday, May 7, 2021 - 12:07 Source

Ambitious new commitments of state governments go some way to filling the void left by the lack of a national climate policy.

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Renew Economy Friday, May 7, 2021 - 12:04 Source

Federal energy and emissions reduction minister Angus Taylor.</body></html>

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MacroBusiness Friday, May 7, 2021 - 12:00 Source

Despite the resurgent virus in developing economies, developed countries are making solid vaccine strides, via Goldman: Vaccinations outperformed our forecasts across all DMs in April apart from theUS. Supply will accelerate further in May, largely thanks to Pfizer-BioNTech, but also increasing capacity from other producers, and Novavax approval in the UK. The daily pace of

The post Developed economy vaccines hurtle towards travel reopening appeared first on MacroBusiness.

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MacroBusiness Friday, May 7, 2021 - 11:40 Source

Some stock markets are at all-time highs, but beneath the bonnet, there is also a vast bust going on owing to what strategists call “factor rotations”. The key rotation for the past few months has been a gallop out of growth stocks and into value. This is driven by rising inflation expectations and yields which

The post Afterpay bubble bust resumes appeared first on MacroBusiness.

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MacroBusiness Friday, May 7, 2021 - 11:20 Source

The Reserve Bank of Australia’s (RBA) deputy governor, Guy Debelle, gave a speech last night whereby he said the central bank is aware of concerns in the community regarding rising house prices. However, Debelle expressed the view that monetary policy is not one of the ‘tools’ that should be used to address the issue. He

The post RBA: Booming property prices are not our problem appeared first on MacroBusiness.

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The Australian Independent Media Network Friday, May 7, 2021 - 11:15 Source

Three years ago, then Treasurer Scott Morrison declared the government was not interested in subsidising any source of energy. “The days of subsidies in energy are over, whether it is for coal, wind, solar, any of them,” the treasurer said. “That is the way I think you get the best functioning energy market with the…

The post The insane pinball game that masquerades as Coalition energy policy appeared first on The AIM Network.

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MacroBusiness Friday, May 7, 2021 - 11:00 Source

Stephen Koukoulas (“The Kouk”) is the latest in a growing list of economists to acknowledge that the closure of Australia’s international border to migrants will soon generate enough labour market tightness to drive decent wage growth: It’s good news for the economy – Australia is entering a period of accelerating wages growth… A hectic schedule

The post The Kouk: No immigration means wage growth appeared first on MacroBusiness.

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MacroBusiness Friday, May 7, 2021 - 10:40 Source

The superannuation industry loves to scare Australians into believing they will retire poor and will have to work until they die. Doing so helps the industry push their agenda of lifting the compulsory superannuation guarantee (SG) so as to boost the amount of funds under management and fee revenue. The latest example of this brainwashing

The post Superannuation ‘fear factory’ scares retirees appeared first on MacroBusiness.

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Renew Economy Friday, May 7, 2021 - 10:23 Source

James Sturch from SolarEdge joins Energy Insiders to discuss latest inverter standards, what they mean for the household and the grid, and why they are key to the energy transition.

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