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MacroBusiness Friday, October 23, 2020 - 00:15 Source

During his daily press conferences on Victoria’s COVID-19 infections, Premier Daniel Andrews regularly tells us that he is just “following the science” and the “super computer” with regards to the state’s draconian lockdowns. This “science” saw blunt measures like nightly curfews, 5km travel limits, one hour exercise limits, playground bans, golf bans, and tennis bans

The post What happened to following the COVID-19 science? appeared first on MacroBusiness.

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MacroBusiness Friday, October 23, 2020 - 00:05 Source

In the week ended 22 October 2020, the CoreLogic 5-city daily dwelling price index, which covers the five major capital city markets, jumped by 0.13%: It was the first rise in 24 weeks. All major markets recorded value rises: So far in October, Dwelling values have risen 0.09% at the 5-city level, with all capitals

The post CoreLogic weekly house price update: Big rise! appeared first on MacroBusiness.

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MacroBusiness Friday, October 23, 2020 - 00:01 Source

Global Macro / Markets / Investing: Bill Gates: ‘Shutting down’ economy not nearly enough to stem climate change” – The Blaze Robots Encroach on Up to 800 Million Jobs Around the World – Bloomberg Tesla’s autonomous driving could displace $8 trillion worth of enterprise value in the market: Analyst – CNBC Meet The Network That

The post Links 23 October 2020 appeared first on MacroBusiness.

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Renew Economy Thursday, October 22, 2020 - 23:59 Source

solar south australiaWe look at the day when South Australia reached a world-first peak of 100 per cent solar power, plus the latest rooftop solar PV forecasts, and Victoria opens up for solar business again.

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Renew Economy Thursday, October 22, 2020 - 18:09 Source

IPART recommends new standards to support use of microgrids and standalone power systems, when cheaper and more reliable than a connection to the main grid.

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MacroBusiness Thursday, October 22, 2020 - 17:30 Source

Risk sentiment is trending down again today here in Asia following the repeated unease on Wall Street overnight, going into the last US presidential “debate”. The USD remains firmly down against the majors with Yen still quite firm while the Australian dollar consolidates above the 71 level. Gold is trying to regain its lost ground

The post Macro Afternoon appeared first on MacroBusiness.

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Your Democracy Thursday, October 22, 2020 - 16:46 Source
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MacroBusiness Thursday, October 22, 2020 - 15:00 Source

Sky News’ Peta Credlin has again forensically unpicked inconsistencies, lies and obfuscation from the Victorian Government during the Hotel Quarantine Inquiry. In the video above, Credlin explicitly calls for Inquiry chair, Jennifer Coate, to call back witnesses for oral testimony instead of relying on signed affidavits written by lawyers and worded in ways to obfuscate:

The post Peta Credlin hits back at left media over hotel quarantine appeared first on MacroBusiness.

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Renew Economy Thursday, October 22, 2020 - 14:42 Source

Sun Cable eye four sites on cattle stations in the Northern Territory for its massive 10GW solar farm and battery plant.

The post Sun Cable earmarks site for 10GW solar farm at cattle station south of Darwin appeared first on RenewEconomy.

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MacroBusiness Thursday, October 22, 2020 - 14:40 Source

I know it’s PR but…well…it’s Borat: The news is appropriate enough: [Rudi] Giuliani went to the hotel room thinking he was being interviewed about the Trump administration’s COVID-19 response. The young woman is flirtatious with him and invites him to the bedroom, which is rigged with hidden cameras. Giuliani then asks for her phone number

The post Borat stings Guliani appeared first on MacroBusiness.

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MacroBusiness Thursday, October 22, 2020 - 14:20 Source

CoreLogic has released its final auction clearance results for last weekend, which reveals that the final national clearance rate retraced to 66.2% from 66.4% the prior week: Sydney’s auction clearance strengthened to 69.1% from 67.2% the prior week, whereas Melbourne’s rose to 60.2% from 58.6%. As noted by CoreLogic: There were 1,131 capital city homes

The post Sydney’s auction market continues to strengthen appeared first on MacroBusiness.

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Renew Economy Thursday, October 22, 2020 - 14:00 Source

World’s first hybrid subsea interconnector inaugurated, joining two German and Danish offshore wind farms in the Baltic Sea and allowing cross-border energy trading.

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MacroBusiness Thursday, October 22, 2020 - 14:00 Source

Recall that Foxtel in July received $10 million from taxpayers to televise “women’s, niche and other under-represented sports”. This $10 million subsidy came on top of $30 million already provided by taxpayers to Foxtel in 2017. It also came at the same time as the Morrison Government slashed funding to the ABC by $84 million.

The post Taxpayers fleeced twice by Foxtel appeared first on MacroBusiness.

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MacroBusiness Thursday, October 22, 2020 - 13:40 Source

When it comes to the age of entitlement, you would be hard pressed to beat NBN Co, which is packed flush with literally hundreds of employees paid exorbitant ‘fat cat’ salaries: NBN Co chief executive officer, Stephen Rue receives the highest salary in the public sector, after earning more than $3 million in the 2019-20

The post NBN a breeding ground for fat cats appeared first on MacroBusiness.

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Renew Economy Thursday, October 22, 2020 - 13:34 Source

Japan Shinjuku coal gas - optimisedAustralia's largest buyer of gas and coal, Japan, set to announce a commitment to zero emissions by 2050.

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Renew Economy Thursday, October 22, 2020 - 13:28 Source

Spain-based solar developer X-Elio lands its first renewable power purchase agreement in Australia, for the output of the 200MW Blue Grass solar farm.

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MacroBusiness Thursday, October 22, 2020 - 13:20 Source

Kevin07 has his problems but I can’t see how having a media diversity RC can do anything but good: Reason: Our democracy depends on diverse sources of reliable, accurate and independent news. But media ownership is becoming more concentrated alongside new business models that encourage deliberately polarising and politically manipulated news. We are especially concerned that

The post I’ve signed Kevin07’s media royal commission petition appeared first on MacroBusiness.

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MacroBusiness Thursday, October 22, 2020 - 13:00 Source

The CEO of AUSTRAC – the Australian Government agency responsible for detecting, deterring and disrupting criminal abuse of the financial system – has warned that lawyers, accountants and real estate agents are being used to launder illicit, necessitating then need for the industry participants to be brought into the anti-money laundering (AML) regulatory net: Austrac

The post AUSTRAC demands property money laundering laws appeared first on MacroBusiness.

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The Australian Independent Media Network Thursday, October 22, 2020 - 12:56 Source

The Crown Resorts Annual General Meeting last year, held inside the company’s now flagging flagship Melbourne casino, was an ill-tempered matter. Members of the board were in no mood to please shareholders, many of whom have occupied the barricades of activism. Crown executive chairman John Alexander had little time for those who had been muddying…

The post Tarnished Crown: Finding the Thorns of a Gambling Empire appeared first on The AIM Network.

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MacroBusiness Thursday, October 22, 2020 - 12:40 Source

Labor leader Anthony Albanese has urged the federal government to press ahead with its proposed national integrity commission in the wake of revelations about a controversial land deal at Badgerys Creek in New South Wales. The government paid $30 million for land at the site of Sydney’s new airport that was subsequently valued at just

The post Labor pushes for federal ICAC appeared first on MacroBusiness.

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The Australian Independent Media Network Thursday, October 22, 2020 - 12:25 Source

To anyone who looks for consistency, political commentary can be confusing. You know the sort of thing, Brett Sutton is meant to be in trouble because he claims that he didn’t remember something in one of the thousands of emails he received, but Gladys is ok because she can’t be expected to remember that her…

The post Forget Kevin Rudd’s Petition, I Have A Much Better Idea… appeared first on The AIM Network.

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MacroBusiness Thursday, October 22, 2020 - 12:20 Source

Via RealClear some movement to the incumbent at the headline: Battlegrounds not so much: Betting still all over the joint:   No gap closure at FiveThirtyEight: An embarrassingly Trump worshipping Zero Hedge makes a big deal of registrations: Last week, we published an article detailing a warning from JPMorgan’s top quant Marko Kolanvoci to all those expecting

The post Trump closes the gap! appeared first on MacroBusiness.

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Renew Economy Thursday, October 22, 2020 - 12:06 Source

Tesla Megapack batteryTesla says shortage of battery cells impacting supply of battery storage, and the roll out of new vehicles like the Tesla Semi.

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MacroBusiness Thursday, October 22, 2020 - 12:00 Source

Our attention turns this week to what is most Australian’s second biggest asset, Superannuation. Super means a lot things to every Australian. For some it’s a tax efficient long term savings vehicle that if managed well can provide security and reassurance that retirement will be comfortable and reliable. For others it is an annoying, mandated

The post MB Fund Podcast: Is Superannuation Distorting Investment Markets? LIVE 12:30 AEDT appeared first on MacroBusiness.

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MacroBusiness Thursday, October 22, 2020 - 11:40 Source

It likes to pretend it can hurt our commodities but, in the end, the Chinese paper tiger is desperately short of pretty much everything, via Bloomie: Mill shutdowns in China, along with weaker demand for textiles, had “turbo charged” a downturn in the market earlier in the year, Robert Hermann, managing director at adviser Mecardo,

The post Chinese desperado gobbles up Aussie wool appeared first on MacroBusiness.

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MacroBusiness Thursday, October 22, 2020 - 11:20 Source

In his recent Lowy Institute commentary, RBA alumnus John Edwards demanded MOAR: Just as the Australian government has little choice but to continue for some time with the expansionary fiscal stance it adopted in response to the pandemic, so too the RBA has little choice but to continue its expansionary monetary stance. In the RBA’s

The post RBA uberbull says print! appeared first on MacroBusiness.

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MacroBusiness Thursday, October 22, 2020 - 11:04 Source

The Australian dollar is down sharply this morning after last night’s leap: Bonds are bid except way out past the RBA’s QE horizon: XJO is off sharply: Big Iron is mixed: Big Gas bashed: Big Gold still can’t break the corrective trend: Big Banks have reversed the recent gains: US futures are weak. Also, for

The post Rampant AUD refills ASX bath of blood appeared first on MacroBusiness.

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MacroBusiness Thursday, October 22, 2020 - 11:00 Source

Australia recorded 12 new COVID-19 infections overnight, below yesterday’s 16: However, only 6 were locally acquired, whereas 6 were returned travelers in hotel quarantine: Victoria recorded 5 new infections, the highest in a week: However, Melbourne’s 14-day average infection rate has fallen to just 6.1: Both jurisdictions’ infection rates are bouncing around low levels: Active

The post Only 6 local COVID-19 cases recorded overnight appeared first on MacroBusiness.

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MacroBusiness Thursday, October 22, 2020 - 10:40 Source

News has a nice Swedish panic feature today: Coronavirus cases have exploded in Sweden as authorities try to keep hold of twin battles – containing the virus and controlling the narrative. The breakaway Nordic nation divided experts by refusing to lock down its citizens when the virus swept through the country earlier this year. But

The post Why are Swedish second wave deaths so low? appeared first on MacroBusiness.

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MacroBusiness Thursday, October 22, 2020 - 10:20 Source

Lawyers say that Victoria’s Chief Health Officer (CHO) Brett Sutton is among several government officials who could potentially face criminal charges over their evidence to the inquiry into the state’s hotel quarantine program. Sutton recently came under scrutiny over revelations that he had instructed Health Department lawyers to withhold an email from the inquiry which

The post Hotel Quarantine Inquiry liars could face charges appeared first on MacroBusiness.

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