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MacroBusiness Tuesday, September 21, 2021 - 11:40 Source

New figures show that the federal government issued 79,620 skilled migrant visas in 2020-21. Skilled visas accounted for about 50% of Australia’s permanent migrant intake, down from 70% in the previous financial year. However, this was offset by strong growth in family visas, which comprised 49.3% of the migrant intake in 2020-21. Australia’s permanent migrant

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MacroBusiness Tuesday, September 21, 2021 - 11:23 Source

NSW recorded another 1022 locally acquired cases and 10 deaths: NSW recorded 1,022 new locally acquired cases of COVID-19 in the 24 hours to 8pm last night. pic.twitter.com/d2zAFIGXmo — NSW Health (@NSWHealth) September 21, 2021 The age profile of the deaths were as follows: One person was in their 50s One person was in their

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MacroBusiness Tuesday, September 21, 2021 - 11:00 Source

Yep. Nice mention of MB in the video. He also gives a passing reference to mass immigration. As Leith noted last week in relation to Jordan Shanks’ other video, the underlying driver of Sydney’s over-development in the federal government’s ‘Big Australia’ mass immigration policy: The fact remains that the only reason why Sydney (and Melbourne)

The post FriendlyJordies slaughters property development appeared first on MacroBusiness.

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MacroBusiness Tuesday, September 21, 2021 - 10:40 Source

Via The Economist today: Just occasionally, you can see the tectonic plates of geopolitics shifting in front of your eyes. Suez in 1956, Nixon going to China in 1972 and the fall of the Berlin wall in 1989 are among the examples in living memory. The unveiling last week of a trilateral defence pact between Australia, the

The post China provoked AUKUS, not the other way around appeared first on MacroBusiness.

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MacroBusiness Tuesday, September 21, 2021 - 10:20 Source

Bill Bishop at Sinocism sums it well: Thanks for your patience last week. The PRC is on holiday today and tomorrow for the Mid-Autumn Festival. The newsletter will be off tomorrow unless there is something interesting going on. Evergrande executives and its regulators are unlikely to be enjoying this holiday. Evergrande the grande grey rhino

The post Evergrande shock turns China shock appeared first on MacroBusiness.

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MacroBusiness Tuesday, September 21, 2021 - 10:00 Source

New data from the Attorney’s General Department (AGD) shows that 1.24 million workers in Australia’s private sector are now covered by enterprise agreements, down from 1.44 million a year ago. Just 10.9% of private sector workers now have enterprise agreements, compared with about 25% in 2010. Specifically, wage increases in new private sector agreements has

The post EBAs signal more wage pain for workers appeared first on MacroBusiness.

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MacroBusiness Tuesday, September 21, 2021 - 09:30 Source

The ferrous complex is fucked. No other word for it. Despite Dalian being closed, the spot ore price was smashed again with Singapore futures: We appear to be on a one-way ticket to $60 and an overshoot has to become a serious possibility as well. I also think that ludicrous coking coal prices are next.

The post Daily iron ore price update (smashed again and again) appeared first on MacroBusiness.

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MacroBusiness Tuesday, September 21, 2021 - 09:30 Source

A bath of blood on Wall Street overnight as we head into the next FOMC meeting with Fed tapering fears overwhelming risk sentiment with 2% plus falls across European and US stock markets. The USD was mixed with Euro and Aussie dollar largely unchanged from their start of week slump, while Yen soared on the

The post Macro Morning appeared first on MacroBusiness.

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MacroBusiness Tuesday, September 21, 2021 - 09:10 Source

Victoria has recorded a pandemic high 603 new COVID cases over the past 24 hours, alongside one death: Reported yesterday: 603 new local cases and 0 cases acquired overseas. – 40,811 vaccines administered – 48,829 test results received – Sadly, 1 person with COVID-19 has died More later: https://t.co/OCCFTAtS1P#COVID19Vic #COVID19VicData pic.twitter.com/SFzVIY0S4K — VicGovDH (@VicGovDH) September

The post Victoria’s COVID outbreak spirals to 6000 appeared first on MacroBusiness.

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MacroBusiness Tuesday, September 21, 2021 - 09:00 Source

When will China relent on its economic reform program around property developers? When will it stimulate? My answers are not yet and don’t hold your breath. Why? Let me show you two charts. The first nicely captures the extreme bullshit being peddled by Wall Street about a new commodities supercycle. Note that the trigger is

The post China IS commodities and it’s going to break ’em ALL appeared first on MacroBusiness.

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MacroBusiness Tuesday, September 21, 2021 - 07:05 Source

DXY pumped and dumped overnight as markets took fright on China then bid back up: The Australian dollar did likewise though kept falling on the crosses: Oil fell and gold rose: Base metals broke: Big miners too: EM stocks gapped into madness: EM junk fired off a major warning flare: The yield curve was squashed:

The post Australian dollar dumps and pumps into China scare appeared first on MacroBusiness.

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MacroBusiness Tuesday, September 21, 2021 - 00:10 Source

The Urban Taskforce represents “Australia’s most prominent property developers and equity financiers”. It has provided a submission to the House of Representatives Standing Committee on Tax and Revenue’s inquiry into Housing Affordability and Supply, which simultaneously complains about supply-side constraints while also demanding a “rapid return” to mass immigration. Below are key extracts encapsulating the

The post Developer’s lobby demands “rapid return” of mass immigration appeared first on MacroBusiness.

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MacroBusiness Tuesday, September 21, 2021 - 00:05 Source

Australia’s booming pre-COVID international education industry was built on the back of Chinese students: Before COVID hit, Australian universities had the highest concentration of Chinese students in the developed world, with around one in nine students at Australian universities Chinese in 2017: Over the past 18 months, we have witnessed dire warnings from the edu-migration industry

The post So much for the Chinese student collapse appeared first on MacroBusiness.

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Renew Economy Tuesday, September 21, 2021 - 00:01 Source

COAG Energy Council meeting ministers - optimisedClean energy investors call on energy ministers to reject controversial energy market reforms, including a plan to subsidise coal generators.

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MacroBusiness Tuesday, September 21, 2021 - 00:01 Source

Global Macro / Markets / Investing: The time to reinstate food systems in the pantheon of economic policies is now – WEF Supply chain crisis will leave permanent scar, UPS warns – FT Natural-Gas Prices Surge, and Winter Is Still Months Away – WSJ Russia And China Are Looking To Tap Afghanistan’s $1 Trillion Resource

The post Links 21 September 2021 appeared first on MacroBusiness.

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Renew Economy Monday, September 20, 2021 - 20:14 Source

Lightsource bp to lift its global solar capacity to 25GW by 2025, with its Australian operating portfolio to grow four-fold to 2GW.

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Your Democracy Monday, September 20, 2021 - 19:52 Source

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Christian Porter should be given “another chance” at being a minister in future, according to acting prime minister Barnaby Joyce, because there was “nothing illegal” about his blind trust donations scandal.

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The Australian Independent Media Network Monday, September 20, 2021 - 19:30 Source

By 2353NM   Once upon a time, the newly elected progressive Australian Government was told by their advisers that financial calamity was to sweep the world, bringing financial ruin, uncertainty and pestilence (the last one might just be made up) to humanity. The newly elected government, being of the mind that they employ specialists who have…

The post A tale of two ideologies appeared first on The AIM Network.

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Cheeseburger Gothic Monday, September 20, 2021 - 17:43 Source

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MacroBusiness Monday, September 20, 2021 - 16:30 Source

A very mixed start to the trading week here in Asia with mainland Chinese and Japanese stock markets closed, but that hasn’t stopped the selloff on the back of the Evergrande and iron ore price implosions, with local markets down over 2% while the Australian dollar dives deeper as well. The USD remains firm against

The post Macro Afternoon appeared first on MacroBusiness.

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Renew Economy Monday, September 20, 2021 - 15:54 Source

A solar and Telsa battery powered microgrid on Lord Howe Island turns si

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The Australian Independent Media Network Monday, September 20, 2021 - 15:48 Source

By Annasis Kelly   People seem to be very careless about just how important this pandemic is so I will use the information presented from the 1918 Spanish Flu (or H1N1) Pandemic as a reference. Now that one has been dubbed as the worse pandemic in recent human history with amount of approximately 50 million people…

The post Spanish Flu, Covid and Vaccines appeared first on The AIM Network.

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Renew Economy Monday, September 20, 2021 - 15:37 Source

electricity network coag energy councilBrookfield launches $9.6 billion takeover bid for AusNet, meaning most of Australia's privately owned networks could be about to change hands.

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Renew Economy Monday, September 20, 2021 - 15:05 Source

Rio Tinto to treble size of Weipa solar farm - once the largest solar facility at an off-grid Australian mine site - and add battery storage.

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MacroBusiness Monday, September 20, 2021 - 14:30 Source

Last month I warned that the Morrison Government’s new Agricultural Visa would usher an “immigration scab grab”, with other sectors of the Australian economy likely to step up and demand similar access to industry-specific visas under the guise of ‘skills shortages’: You could easily imagine a situation where the Morrison Government introduces a new ‘Serving

The post Infrastructure sector demands visa slaves appeared first on MacroBusiness.

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Renew Economy Monday, September 20, 2021 - 14:23 Source

BMW i3 charging at home. Courtesy Chris CathcartThe heads of AEMO and AEMC must plan for a 100% renewable future where distributed energy resources are given equal priority to large-scale resources.

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Renew Economy Monday, September 20, 2021 - 14:14 Source

wind turbines sunset australia farm renewables - optimised

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MacroBusiness Monday, September 20, 2021 - 14:00 Source

100 days out from the 2018 Victorian election, Premier Daniel Andrews claimed that privatisation had failed and that further asset sales were off the agenda: Premier Daniel Andrews will warn against privatisation, austerity and what he calls a “free market free-for-all” in Victoria in a speech laying out Labor’s agenda 100 days from a state election…

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MacroBusiness Monday, September 20, 2021 - 13:40 Source

During the beginning of the COVID-19 pandemic, Australia’s media and left-leaning think tanks were jumping up and down over the purported “pink recession” – the notion that women were being disproportionately impacted by the crisis. This “pink recession” claim originated from social and economic commentator George Megalogenis, who pointed out that unlike the 1990s recession

The post Déjà vu as ACTU decries ‘pink’ jobs recession appeared first on MacroBusiness.

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Renew Economy Monday, September 20, 2021 - 13:23 Source

Renewables surge through 60 per cent of Australia's main grid for first time, as output of coal and netw

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