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Renew Economy Thursday, October 18, 2018 - 22:43 Source

Elon Musk promises more service centres globally, as Tesla opens 50-unit charging station in Hong Kong - the biggest to date in Asia.

The post Tesla to fill “geographic gaps” on EV service centres in 2019 appeared first on RenewEconomy.

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Renew Economy Thursday, October 18, 2018 - 22:36 Source

Kitty Hawk, the air taxi company started by Google's co-founder Larry Page, and Air New Zealand, means autonomous, electric air taxis could soon be a thing.

The post Autonomous, electric air taxis set to land in NZ soon appeared first on RenewEconomy.

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Renew Economy Thursday, October 18, 2018 - 22:30 Source

Palau hopes to kick its diesel energy dependence with the addition of 35MW of solar and 45MWh of storage.

The post Engie to build world’s largest microgrid in Republic of Palau appeared first on RenewEconomy.

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Renew Economy Thursday, October 18, 2018 - 22:21 Source

WA government-owned network operator Western Power and retailer Synergy will connect a 105kW/420kWh Tesla battery to the grid in Meadow Springs, a suburb of Mandurah.

The post Tesla grid battery to be tested in WA’s top solar postcode appeared first on RenewEconomy.

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The Australian Independent Media Network Thursday, October 18, 2018 - 18:45 Source

European politics, philosophy, science and communications were radically reoriented during the course of the “long 18th century” (1685-1815) as part of a movement referred to by its participants as the Age of Reason, or simply the Enlightenment. After living through the Dark Ages of the ATM government, is it possible that Australia is edging towards…

The post Is there a glimmer of a coming Enlightenment in Australia? appeared first on The AIM Network.

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Harrangue Man Thursday, October 18, 2018 - 17:28 Source

With a change in psychs it meant I had to brief the new one on me. I stole half of someone's appointment and ended at ninety-two minutes. I cried near the end after I spoke of what happened and how to deal with the twin injuries of childhood and adult trauma.The hardest was talking 'bout self harming through gouging at my face, thigh and feet. That to pick at your body gives you a weird peace because of damage to brain chemistry and how to break that habit of mutilation.I'm like the bargain trolley at the gates of hell.I was jittery after and had a V in the afternoon.

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MacroBusiness Thursday, October 18, 2018 - 17:08 Source

The bounce in equities has been shortlived with only the Australian market not dipping into the red this afternoon, with local employment data keeping the bears away for another day. A weaker Yuan fix plus reduced confidence has seen Chinese stocks selloff sharply while gold is holding on, other undollar assets are falling heading into

The post Macro Afternoon appeared first on MacroBusiness.

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The Australian Independent Media Network Thursday, October 18, 2018 - 14:47 Source

“Do this outside. You will put me into trouble” (Mohammad al-Otaibi, Saudi consul, to Saudi agents, Istanbul, October 2, 2018). It smells, but anything wedged between the putrefaction of Saudi foreign policy, the ambition of Turkish bellicosity, and the US muddling middleman is bound to. Three powers tussling over image and appearance; all engaged in…

The post Embassy Disappearances: Jamal Khashoggi and the Foreign Policy Web appeared first on The AIM Network.

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MacroBusiness Thursday, October 18, 2018 - 14:43 Source

By Leith van Onselen The property downgrades continue with AMP chief economist, Shane Oliver, now predicting a 20% peak-to-trough decline in Sydney and Melbourne dwelling values: At the start of August, Oliver said he expected price falls in Sydney and Melbourne to max out at 15% from peak to trough. He now expects price falls

The post Shane Oliver: house prices to fall 20% appeared first on MacroBusiness.

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Renew Economy Thursday, October 18, 2018 - 14:33 Source

Mike Cannon-Brookes – he of the original Tesla big battery Tweet – calls "total BS" on Scott Morrison's Sky News comments about wind and solar. Twitter does its thing.

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Renew Economy Thursday, October 18, 2018 - 14:28 Source

Alinta gets approval for new transmission line in Pilbara, paving way for new solar farm and battery storage to help power some of the biggest mines in the country.

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MacroBusiness Thursday, October 18, 2018 - 14:27 Source

Grown-ups: Scott Morrison has dramatically reversed his opposition to a new agricultural visa, throwing a lifeline to his besieged Deputy Prime Minister, Michael McCormack, who is facing an internal push for a Barnaby Joyce comeback. The Prime Minister told the National Farmers Federation Congress today that his government “will work towards establishing an agriculture visa”.

The post ScoMo chaos as coolies to flood country appeared first on MacroBusiness.

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MacroBusiness Thursday, October 18, 2018 - 14:20 Source

AUD up on jobs: But CNY is sending a warning of more pressure ahead: Bonds hosed: ASX down modestly: Dalian firm: Big Iron is up: Big Gas down: And Big Gold: Big Mortgage is flat: Big Property is mixed: On pause.

The post AUD rises as CNY tanks appeared first on MacroBusiness.

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MacroBusiness Thursday, October 18, 2018 - 14:06 Source

More great property porn from Martin North as he interviews Tony Locantro from Alto Capital in Perth who has taken The Kouk up on his bet that Sydney and Melbourne house prices won’t fall -35%: Go Tony!

The post Hedgie bets Kouk that property will crash -35% appeared first on MacroBusiness.

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Renew Economy Thursday, October 18, 2018 - 13:56 Source

Electranet decision on grid upgrade on Eyre Peninsula kills prospects of mega wind farms on west coast, and also rejects battery and micro-grid alternatives.

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Renew Economy Thursday, October 18, 2018 - 13:40 Source

A $635 million energy-from-waste plant proposed for Kwinana Industrial Area south of Perth is set for construction, with backing from both ARENA and the CEFC.

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MacroBusiness Thursday, October 18, 2018 - 13:30 Source

By Leith van Onselen Last weekend, CoreLogic released its preliminary auction clearance rates, which revealed the following results: Today, CoreLogic has released its final auction results, which reported a large 3.7% decline in the national auction clearance rate to 47.0%, with Sydney’s auction clearance rate diving 6.9% to just 45.1%: The below time series chart

The post Sydney’s final auction clearance rate crashes into mid-40s appeared first on MacroBusiness.

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MacroBusiness Thursday, October 18, 2018 - 13:00 Source

Via Damien Boey at Credit Suisse today: Mixed September labour market report The September labour market report was mixed. Headline employment came in below expectations, rising by only 5.6K in September. However, the composition of jobs growth was actually quite favourable, with full-time employment rising strongly by 20.3K over the month. Part-time employment fell by

The post Credit Suisse: RBA to ignore unemployment numberwang appeared first on MacroBusiness.

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MacroBusiness Thursday, October 18, 2018 - 12:35 Source

By Leith van Onselen As summarised earlier, the Australian Bureau of Statistics (ABS) today released its labour force report for September, which registered a soft 5,600 increase in total employment but a sharp 0.3% drop in the headline unemployment rate to 5.0% driven by a sharp 2.4% fall in labour force participation. In trend terms,

The post Employment in detail: Mixed signals appeared first on MacroBusiness.

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MacroBusiness Thursday, October 18, 2018 - 12:30 Source

By Leith van Onselen ‘Build-to-rent’ has been touted as a key policy solution to Australia’s housing affordability woes. However, as we’ve argued repeatedly, its practical application has been questionable in both the United States and the United Kingdom. Indeed, there are legitimate questions that need to be asked before Australia launches into build-to-rent, namely: will

The post Build-to-rent developer loves the population ponzi appeared first on MacroBusiness.

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Renew Economy Thursday, October 18, 2018 - 12:09 Source

Downer wins contract to build Austrlia's biggest solar farm, as Clean Energy Regulator reports record accreditations of wind and solar projects in September.

The post Downer wins contract to build Australia’s biggest solar farm appeared first on RenewEconomy.

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MacroBusiness Thursday, October 18, 2018 - 12:00 Source

By Leith van Onselen Sydney developer, Mark Bainey, has slammed the NSW Government’s stamp duty surcharge on foreign buyers, claiming it is turning overseas buyers away: “We offered the rebate to try to encourage more overseas purchasers in our projects, but the 12 per cent total stamp duty levy they must now pay has made

The post Foreign buyer surcharge shifts building toward Aussie families appeared first on MacroBusiness.

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The Australian Independent Media Network Thursday, October 18, 2018 - 11:52 Source

There are about 119 children currently detained with their families on Nauru – this number fluctuates, as children are often taken from the island temporarily for emergency medical treatment ; many of these children were born on Nauru. Back in 2013, John Key, the then prime minister of New Zealand offered to break the Australian…

The post Nauru – Is this a Mexican Stand-Off ? If not, it will do until one comes along ! appeared first on The AIM Network.

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MacroBusiness Thursday, October 18, 2018 - 11:45 Source

If I have to read one more these rubbish assessments of the decline of the USD I will be reaching for my revolver. Via Harry Sender at the FT: One consequence of the America First policies of US President Donald Trump will be to create a bipolar financial world, with China at one end and

The post USD reserve status is rock solid appeared first on MacroBusiness.

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MacroBusiness Thursday, October 18, 2018 - 11:35 Source

Yes, you read that right. The ABS has released September Labor Force and the  news is whacko: TREND ESTIMATES (MONTHLY CHANGE)  Employment increased 26,400 to 12,640,800. Unemployment decreased 10,500 to 688,500. Unemployment rate remained steady at 5.2%. Participation rate remained steady at 65.6%. Monthly hours worked in all jobs increased 2.8 million hours (0.2%) to

The post Australian jobs market stalls, unemployment crashes appeared first on MacroBusiness.

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MacroBusiness Thursday, October 18, 2018 - 11:20 Source

This week’s webinar at 12:30 pm AEST, Thursday 18 Oct is a focus on the drivers of the recent volatility in stock markets around the world: – How to hedge against volatility – What does it mean for your portfolio – Investment opportunities Add to your Calendar. Click here to watch Join us on our live

The post MB Super webinar: Drivers of Volatility appeared first on MacroBusiness.

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MacroBusiness Thursday, October 18, 2018 - 11:15 Source

By Leith van Onselen After the Trans-Pacific Partnership (TPP) trade agreement passed the Senate yesterday, Prime Minister Scott Morrison was quick to spin the economic benefits: This landmark agreement is one of the most comprehensive trade deals ever concluded and strips 98 per cent of tariffs for 11 countries with a combined GDP of more than

The post Scott Morrison lies about TPP’s economic benefits appeared first on MacroBusiness.

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MacroBusiness Thursday, October 18, 2018 - 11:00 Source

By Leith van Onselen CoreLogic’s Tim Lawless has soothed concerns over Sydney’s falling housing market, claiming the current correction of 6.7% is following historical cycles. From The Australian: Market watchers need not despair at the recent downturn in Sydney property prices that are just mirroring similar trends seen in the past 40 years, according to

The post Sydney’s housing bust is NOT following “historical cycles” appeared first on MacroBusiness.

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MacroBusiness Thursday, October 18, 2018 - 10:45 Source

Via Peter Jennings at ASPI: At the beginning of October, US Vice President Mike Pence delivered arguably the most significant policy statement produced by the Trump administration. His speech to the Hudson Institute, a Washington think tank, on ‘the administration’s policy toward China’ sets out the most dramatic shift in relations with Beijing since Nixon and Kissinger’s

The post SinoAmerican Cold War day 14 appeared first on MacroBusiness.

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MacroBusiness Thursday, October 18, 2018 - 10:33 Source

Via Domainfax: Menswear chain Roger David has announced that it has been placed into voluntary administration after being unable to cope with an influx of international competitors and the “rapid evolution” of online shopping. …At present, there were 57 stores being managed by more than 300 staff across Australia, the statement said. And the consumer

The post Roger David collapses appeared first on MacroBusiness.

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