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MacroBusiness Saturday, September 21, 2019 - 00:10 Source

Global Macro / Markets / Investing: Breaking up big tech companies like Amazon and Google is supported by two thirds of Americans, poll shows – VOX MIT Future of Work Report: We Shouldn’t Worry About Quantity of Jobs, But Quality – Singularity Hub Providence Equity Closes Eighth Flagship Fund Above $6 Billion – WSJ Microsoft

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MacroBusiness Saturday, September 21, 2019 - 00:05 Source

It is fair to say that India has become Australia’s key growth market for international students. In 2018-19, Indian student enrolments at Australian educational institutions surged by 29,000 (39%), easily surpassing student enrolments from China (8,400) and Nepal (16,000) over the same period: India has also led growth in student visa applications, according to the

The post UK pops Australia’s Indian international student bubble appeared first on MacroBusiness.

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Harrangue Man Friday, September 20, 2019 - 18:39 Source

 With thanks to 'Allo 'Allo.My already incapable body is aging fast. I had to carry two boxes about two hundred metres. I had breaks every 50 metres or so, boxes balanced on something to hand while I recovered my breath. Shitted to the max by such chicanery I resolved to purchase a trolley for forthcoming missions. I found one I'd scouted earlier, paid for it then sat in complementary seating as I used a key to saw open the box tape. It was a fold-up model with no assembly required.

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George Monbiot Friday, September 20, 2019 - 18:22 Source

For the sake of
life on Earth, we should set an upper limit on the money any person can
amass.

By George
Monbiot, published in the Guardian, 19th September 2019

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The Australian Independent Media Network Friday, September 20, 2019 - 18:15 Source

The protestor of school age sported a placard featuring a distorted caricature of Australian prime minister, Scott Morrison: “Scomo was liking it hot.” A glorious spring day, and a gathering was already fussing and buzzing outside the Victorian State Library and students were striking. The placard image was one that toasted both ways – looking…

The post Extinction Rebellion: Leaving it to the Students appeared first on The AIM Network.

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Grattan Blog Friday, September 20, 2019 - 17:18 Source

A recent McKell Institute report makes unsupportable claims about how superannuation interacts with wages to justify higher compulsory super contributions. McKell’s analysis doesn't stand up to scrutiny. Here’s why.

read more McKell makes unsupportable claims about superannuation and wages

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The Australian Independent Media Network Friday, September 20, 2019 - 16:31 Source

By Denis Bright   The latest August 2019 employment data shows the Australian labor market in a transitional stage. The federal treasury is awash with funds from the senate’s rejection of tax reductions for larger companies. Commodity export prices are largely buoyant. However, the federal LNP is firmly committed to delivery of a balanced budget for…

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MacroBusiness Friday, September 20, 2019 - 15:55 Source

Via the marvelous Bill Evans at Westpac who so many economists have carbon copied this week on an imminent second rate cut that I ran out time to post on it: This note is to confirm our RBA forecasts which we released on July 24 that the Bank will cut the cash rate by 25

The post Bill Evans: More RBA than you can handle appeared first on MacroBusiness.

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MacroBusiness Friday, September 20, 2019 - 15:34 Source

To finish a pants-shitting week, lets go to the weekend in crisply pressed strides, only with nasty skid marks: China has developed the world’s first portable sonic gun for riot control, the Chinese Academy of Sciences said. The rifle-shaped instrument, which was jointly developed with military and law enforcement, is designed to disperse crowds using

The post On a dark Friday, a new weapon appeared first on MacroBusiness.

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Your Democracy Friday, September 20, 2019 - 15:33 Source
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Renew Economy Friday, September 20, 2019 - 14:51 Source

The world is burning, and Australia is doing nothing but waving a big stick. No wonder the kids have gone on strike.

The post The world is burning, and all Australia has is a big stick appeared first on RenewEconomy.

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MacroBusiness Friday, September 20, 2019 - 14:20 Source

The Grattan Institute has penned another piece in The Conversation calling for the middle suburbs in our major cities to be bulldozed into higher density in order to squeeze in millions of extra migrants and ‘solve’ Australia’s housing crisis: Rising house prices have increased wealth inequality. Rising housing costs have dramatically widened the gap between

The post Grattan’s ‘supply-side’ solutions sing from property developers’ hymn sheet appeared first on MacroBusiness.

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MacroBusiness Friday, September 20, 2019 - 14:00 Source

Via strategic doyen Ross Babbage: What does China want? The Chinese Communist Party appears to have four primary goals in its conduct of political warfare operations. Xi Jinping’s first and most important goal is the maintenance of uncontested Communist Party rule. To this end the regime employs sophisticated political warfare operations to suppress domestic dissent

The post What does China really want? appeared first on MacroBusiness.

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MacroBusiness Friday, September 20, 2019 - 13:40 Source

With decent investment yields increasingly hard to find, it is important to avoid yield traps when looking for alternatives to increasingly expensive bonds.  Looking beyond the headline yield is critical to avoid the pitfalls: sustainability of yield, adjusting for capital expenditure, incorporating buybacks and analysing cyclicality of earnings can all help. MSCI came out with a

The post The great property yield trap appeared first on MacroBusiness.

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MacroBusiness Friday, September 20, 2019 - 13:20 Source

Via Damien Boey at Credit Suisse: US existing home sales surprised to the upside, rising by 1.3% in August, taking year-ended growth higher to 2.6% from 0.6%. Housing demand was looking weak at the end of 2018, but now it seems to be turning around, largely in response to lower bond yields and mortgage rates.

The post Can US property reflate the global economy? appeared first on MacroBusiness.

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Renew Economy Friday, September 20, 2019 - 13:03 Source

Amazon makes biggest ever order for electric vehicles – via EV start-up Rivian – as part of plans to go zero-carbon by 2040.

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Renew Economy Friday, September 20, 2019 - 13:00 Source

ACT has demonstrated how turning to renewables can slash emissions, and protect customers from soaring electricity prices.

The post How the ACT’s 100% renewable electricity target is saving households cash appeared first on RenewEconomy.

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MacroBusiness Friday, September 20, 2019 - 13:00 Source

The Teranet-National Bank House Price Index for August has been released, which shows that Canadian house prices rose by 0.4% across the 11 major markets, with annual growth improving to 0.6%: Across the three major markets, values fell by 0.8% in Vancouver in August, but rose by 0.8% in Toronto and by 1.1% in Montreal.

The post Vancouver’s housing bust coming to an end? appeared first on MacroBusiness.

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MacroBusiness Friday, September 20, 2019 - 12:40 Source

Via Warwick McKibbin today: In recent weeks, Treasurer Josh Frydenberg has signalled his intent to endorse a new Statement on the Conduct of Monetary Policy. Typically, amendments to The Statement have occurred with a change in government or a change in Governor of the Reserve Bank of Australia (RBA). It is critically important that this

The post McKibbin: Let the devil hold RBA to account appeared first on MacroBusiness.

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Renew Economy Friday, September 20, 2019 - 12:40 Source

Google announces a 1,600MW package of 18 new solar and wind energy purchase deals, that will take its total renewables portfolio to 5.5GW.

The post Google makes world’s biggest ever corporate renewables purchase appeared first on RenewEconomy.

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MacroBusiness Friday, September 20, 2019 - 12:20 Source

The Productivity Commission’s landmark 500-plus page report on Australia’s $2.6 trillion superannuation industry explicitly recommended abolishing compulsory life insurance for people aged under-25: Current settings are more a function of history than considered policy design. …many entrenched problems remain (and insurance accounts for over a third of member complaints against their fund)… Particularly for young

The post Super life insurance reforms pass Senate appeared first on MacroBusiness.

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MacroBusiness Friday, September 20, 2019 - 12:00 Source

Goodbye Budget. Via Mining: The Australian export price of metallurgical coal (FOB hard coking coal Fastmarkets MB) used in steelmaking tanked 7% to $122.50 a tonne. That’s down almost $70 a tonne compared to the start of the year. Fastmarkets MB in a market report says the availability of ample cargoes of lower quality seaborne

The post “Panic selling” crashes coking coal, Budget next appeared first on MacroBusiness.

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MacroBusiness Friday, September 20, 2019 - 11:40 Source

Brickworks MD, Lindsay Partridge, says he is “horrified” by poor-quality building products and sub-standard construction practices, and has called for greater regulation and tighter controls. From The AFR: Mr Partridge said he had personally seen situations of poor building work and materials. “There was a couple of ones that have horrified me”… [and] has put

The post Brickworks MD “horrified” by flammable apartments appeared first on MacroBusiness.

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MacroBusiness Friday, September 20, 2019 - 11:21 Source

WeWork put its Initial Public Offering on ice this week as the company realised it would not be valued at the $47 billion that WeWork wanted. Indications are that WeWork would struggle to raise money with a $15 billion valuation. The process WeWork took to get a $47 billion valuation is instructive for anyone with

The post Manipulated valuations: WeWork vs your Superannuation appeared first on MacroBusiness.

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Harrangue Man Friday, September 20, 2019 - 11:16 Source

Balding men do not sweat pretty. Also there's nowhere for the sweat to be absorbed so it stays slicked to scalp skin.Until that is you put on a hat. I did that with a max sweaty head and the hat scraping the scalp caused a cascade of salty discharge to roll down my forehead and into my eyes. I had to find paper towels to daub up all that head sweat. Some people find balding sexy; I don't.

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Renew Economy Friday, September 20, 2019 - 11:13 Source

food factory brewery production line thermal heat industrial processes - optmisedARENA chips in $460,000 into initiative seeking to dramatically increase the use of renewables to supply heat to food processing operations.

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Renew Economy Friday, September 20, 2019 - 11:11 Source

 VolkswagenVolkswagen finally confirms the all-electric ID.4 SUV (nee ID Crozz) will precede the ID.3 electric hatchback in Australia.

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MacroBusiness Friday, September 20, 2019 - 11:00 Source

Josh Recessionberg collects his Golden Turd award at The Australian today: The principal driver was a record number of Australians in work, with 300,000 people finding a job, 100,000 more than Treasury forecast. This has the effect of increasing tax receipts and decreasing payments as people move from welfare to work. Export earnings in the

The post Recessionberg tramples disabled and dead for surplus appeared first on MacroBusiness.

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MacroBusiness Friday, September 20, 2019 - 10:40 Source

In today’s webinar and podcast, hear from MB Fund’s Head of Investment Damien Klassen, and Tim Fuller took a look into “The Ticking Debt Bomb”. Webinar slides available here  Unfunded liabilities, astronomical government debt, record consumer debt, soaring corporate loans – where does the buck stop? Join us this week as we delve into the

The post MB Fund podcast: The ticking debt bomb appeared first on MacroBusiness.

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Renew Economy Friday, September 20, 2019 - 10:36 Source

We know how to fix this problem and we know we can afford to do so. Now it’s time to decide.

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