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MacroBusiness Tuesday, April 28, 2015 - 15:58 Source

Stan Shamu for Chris Weston, Chief Market Strategist at IG Markets Greece optimism not enough for Asia Investors are finding themselves questioning the price action we’ve been seeing recently and many are not convinced the gains we’ve been seeing off late are a permanent fixture. This has resulted in a degree of profit taking through

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Renew Economy Tuesday, April 28, 2015 - 15:03 Source

Hepburn Wind has made a short film documenting the painting of a mural on the second of its two community-owned turbines.

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Renew Economy Tuesday, April 28, 2015 - 14:59 Source

HSBC charts show that Australia's amount of renewable energy installed per capita barely rates against EU nations – even the UK.

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Renew Economy Tuesday, April 28, 2015 - 14:59 Source

HSBC says renewables and energy efficiency critical to meet climate targets, but says wind and solar are now at "pinch point" as technology cost falls and storage allow hard economics to take over from policies driven by "green idealism."

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New Matilda Tuesday, April 28, 2015 - 14:59 Source

As the good times subside it becomes clear Australia squandered an opportunity. You can thank a lack of courage in Canberra and the power of the big miners.

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Croakey Tuesday, April 28, 2015 - 14:51 Source

Doctors Without Borders/Médecins Sans Frontières (MSF) last week launched a global campaign –‘A fair shot’. It’s calling on pharmaceutical companies GlaxoSmithKline (GSK) and Pfizer to slash the price of the pneumococcal...

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MacroBusiness Tuesday, April 28, 2015 - 14:41 Source

By Leith van Onselen Can somebody please tell Peter Costello to shut up about the Budget? After his hypocritical outburst two weeks ago, in which he labelled the Abbott Government’s push for “lower, simpler, fairer” a “morbid Joke”, Costello has returned today with another sermon lambasting Labor’s proposed superannuation reforms whilst telling politicians to stop “soaking

The post Peter Costello continues Budget hypocrisy appeared first on MacroBusiness.

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MacroBusiness Tuesday, April 28, 2015 - 13:52 Source

By Leith van Onselen Following on from my post this morning, The Australia Institute (TAI) has now released its full report examining the distribution of the $7.7 billion of negative gearing and capital gains tax (CGT) concessions amongst Australians, and found that the top 10% of income earners derive more than half of the tax

The post Australia Institute demolishes negative gearing lies appeared first on MacroBusiness.

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New Matilda Tuesday, April 28, 2015 - 13:22 Source

A complaint about the excessive use of force at a protest where a blind student was pepper sprayed has been dismissed.

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MacroBusiness Tuesday, April 28, 2015 - 12:51 Source

By Leith van Onselen It seems the childcare sector is not too happy about the Productivity Commission’s (PC) final report into childcare, which recommended (among other things) an “activity test” that would only provide childcare subsidies to parents who complete a minimum amount of work. Last night on ABC’s Lateline, Early Childhood Australia slammed the

The post Childcare lobby slams activity test appeared first on MacroBusiness.

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MacroBusiness Tuesday, April 28, 2015 - 12:49 Source

Big iron has hit a wall today. BHP is flat and RIO down 1% though FMG has managed a 1.5% gain. To the indexes: The idiocy spreads are roughly flat with the exception of FMG which is widening: Juniors are becalmed but not before BCI doubled from 26 cents to 52 cents for no reason at

The post When to short the iron ore rally appeared first on MacroBusiness.

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Renew Economy Tuesday, April 28, 2015 - 12:09 Source

AGL Energy reportedly sounding out potential buyers of its 50% stake in the Macarthur wind farm – Australia's largest wind project.

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MacroBusiness Tuesday, April 28, 2015 - 11:59 Source

From the WSJ: When China released its tabulation of first-quarter growth earlier this month, the 7% figure—the worst in six years—stirred fears of a deepening slowdown. It also raised fresh doubt about the trustworthiness of China’s own statistics. “Growth Likely Overstated,” said a Citibank report, concluding that actual quarterly growth could be below 6% year

The post Economists measure China’s hard landing appeared first on MacroBusiness.

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New Matilda Tuesday, April 28, 2015 - 11:52 Source

Coal Seam Gas exponent Metgasco has had its license to drill for gas in the NSW Northern Rivers re-instated. Because money. Thom Mitchell reports.

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Renew Economy Tuesday, April 28, 2015 - 11:43 Source

A Brisbane family get their Tesla Model S and promptly leave on a 3,000km road trip, becoming the first to link Brisbane and Canberra and back again. And the super-charging network hasn't been built yet. Here's what happened.

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MacroBusiness Tuesday, April 28, 2015 - 11:42 Source

From The Australian: The Chairman of Australia’s sovereign wealth fund has warned that record low interest rates around the world have pushed up asset prices to the point where they are fully priced and could be risky in the event of tighter monetary policy. “Given the enormous monetary policy stimulus around the world, asset prices

The post Future Fund warns on bubbles appeared first on MacroBusiness.

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Renew Economy Tuesday, April 28, 2015 - 11:33 Source

Hawaii's utility says can get to 70% renewables by 2030, and save ratepayer money. Could cheap energy storage get it to 100% by 2040?

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Renew Economy Tuesday, April 28, 2015 - 11:32 Source

Utility 2.0 is the shift to efficient, low-carbon, flexible electricity. But it won't work unless it stems the flow of energy dollars out of communities.

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MacroBusiness Tuesday, April 28, 2015 - 11:21 Source

By Leith van Onselen If there is one “expert” that you should listen to on the Trans-Pacific Partnership (TPP) trade agreement it is Paul Krugman. In 2008, Krugman won a nobel prize in economics for his contributions to New Trade Theory, so it is fair to say that he knows a thing or too about

The post Paul Krugman slams TPP trade deal (again!) appeared first on MacroBusiness.

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Popular Science Tuesday, April 28, 2015 - 10:31 Source

At first glance, it might seem like an odd grouping: ants, space, and high school students. But Stanford University biologist Deborah M. Gordon is hoping that the combination will produce results that will help save lives.

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Popular Science Tuesday, April 28, 2015 - 10:31 Source

The first 052D destroyer, the 7,500 ton Kunming, was launched in late 2013 and commissioned in March 2014 (its hull number, 172, was not painted on then).

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Popular Science Tuesday, April 28, 2015 - 10:31 Source

NASA's MESSENGER spacecraft has been enjoying the past four years zipping around the planet Mercury. Launched in 2004, the probe traveled for six and a half years to reach the closest rock to the Sun, inserting itself into orbit around the planet in March 2011. During its time in rotation, the probe has collected valuable data about this little world, including information that indicates ice and other crazy materials in the planet's polar regions.

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Popular Science Tuesday, April 28, 2015 - 10:31 Source

It appears the stars have not yet aligned for the Thirty Meter Telescope project, which saw its main website targeted by an alleged cyberattack this weekend.

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Popular Science Tuesday, April 28, 2015 - 10:31 Source

For the past 30 years, Nikon has held a contest for the year's best microphotography images, and competition has been fierce. In 2011, they brought those still images to life, creating a separate category for videos, called the Nikon Small World In Motion competition.

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Popular Science Tuesday, April 28, 2015 - 10:30 Source

In 2001, a doctor in New York completed what may seem like a routine surgery to remove a patient's gallbladder. But in fact that procedure wasn't routine at all, because the patient was in France. That was the first successful long-distance robotic surgery, or telesurgery, ever performed, and since then the field has taken off.

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Popular Science Tuesday, April 28, 2015 - 10:30 Source

Virtual reality has typically focused on matters of sight and sound, but increasingly people are investigating a way to make those experiences tactile as well. A team of student engineers at Rice University has developed a clever pair of VR gloves that make it feel like you're actually interacting with virtual objects.

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Popular Science Tuesday, April 28, 2015 - 10:30 Source

People have brewed beer for thousands of years, but there are some things that brewers still don't have down to a science. Despite the best efforts of brewers everywhere, sometimes a tiny, nefarious bacterium will manage to squirm its way into a batch of beer, ruining it for everyone.

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MacroBusiness Tuesday, April 28, 2015 - 10:25 Source

By Leith van Onselen The ANZ-Roy Morgan Research consumer confidence index has rebounded following last week’s 8-month low, jumping by 3.0 points to 111.8 in the week ended 26 April, although it is still below the long-run average of 113 (see next chart). According to ANZ: “…the improvement last week was fairly broad-based, with particular

The post Consumer confidence bounces off canvas appeared first on MacroBusiness.

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MacroBusiness Tuesday, April 28, 2015 - 10:06 Source

By Leith van Onselen Observing the major parties squabble over retirement policy is like watching a slow motion train wreck. Let’s review some facts. Australia’s population is ageing fast due in part to the pending mass retirement by the large baby boomer generation. Accordingly, the number of workers supporting retirees is projected to shrink over

The post Pollies dumb and dumberer on retirement policy appeared first on MacroBusiness.

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New Matilda Tuesday, April 28, 2015 - 10:02 Source

The Communication Minister's 'love of the Anzac' has apparently outweighed his 'love of free speech'.

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