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Via The Australian: Veteran fund manager Geoff Wilson has warned that “everything is on the table” when the government looks for ways to pay for its massive spending spree to support the economy in the midst of the coronavirus pandemic. But he cautioned against a second attempted raid on franking credits to pay off the

The post Heroic Geoff Wilson donates franking credits to national effort appeared first on MacroBusiness.

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Big batteries seen as key to provide smarter and cheaper alternatives to upgrade transmission links between states and fast-track transition to wind and solar.

Following yesterday’s report covering the five major capitals, CoreLogic has released its full dwelling value results for March, which also captures the smaller markets and regional areas: As shown above, the smaller capitals and regions also had positive month in March, with all recording rises alongside 0.7% growth nationally. However, Tim Lawless noted that “recent

The post CoreLogic: “unprecedented uncertainty” grips housing market appeared first on MacroBusiness.

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Virgin Australia Holdings’ CEO Paul Scurrah has warned that the airline industry will require a government bailout if the coronavirus pandemic is not contained quickly. Virgin has approached the federal government regarding the potential for it to provide a $1.4 billion loan facility in the event of a sustained downturn. This would see the government

The post Grounded airlines seek massive bail-out appeared first on MacroBusiness.

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Less than four weeks ago, Treasurer Josh Frydenberg was still singing his own praises. “Australia approaches the challenges ahead from a position of economic strength with the Coalition Government’s economic plan and responsible budget management contributing to the resilience of the Australian economy.” Under the Coalition’s “responsible budget management”, net debt has increased from $161,253…

Krystal Ball of Rising on The Hill TV recently made a comment that perfectly encapsulates Joe Biden and the Democrats. I want to give her comment, delve into the details and extrapolate a little. The Krystal Ball Looks into You, Part One: Swing that Axe! On a recent edition of Rising, Krystal offered this pearl…

The post Krystal Ball Demolishes Joe Biden appeared first on The AIM Network.

Although older Australians are much more likely to die from the coronavirus, the pandemic will have a major impact on the future income and career prospects of many younger people. A recent study by Reserve Bank of Australia economists Zoya Dhillon and Natasha Cassidy found that while younger generations find it hard enough to get

The post Young Aussies will bear brunt of coronavirus employment shock appeared first on MacroBusiness.

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While residents of Sydney are suffering from mass job losses and falling incomes, and all companies are taking haircuts, monopoly toll road operator Transurban is pushing ahead with hefty toll increases across its Sydney road network: Opposition roads spokesman John Graham said the government needed to work with toll operators to freeze price increases for

The post Greedy Transurban refuses to delay toll increases appeared first on MacroBusiness.

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Iberdrola announced involvement in two European demonstration projects, one of which will utilise a 10MW turbine and a semi-submersible floating concrete structure.

The post Iberdrola to lead 10MW floating offshore wind project appeared first on RenewEconomy.

Macquarie Group subsidiary the Green Investment Group will expand its European clean energy portfolio after securing a deal with Vestas for the supply 80MW of new wind turbines, which are destined to be installed at a project in Norway.

With the second and third stages of the Morrison Government’s income tax cut package legislated to take effect in 2022 and 2024 respectively, there are now big question marks over whether they can be delivered. For now, the federal government remains committed, with Treasurer Josh Frydenberg claiming that balancing the Budget means Australia is in

The post Coalition’s high income tax cuts must be axed appeared first on MacroBusiness.

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With a little thaw. Investment grade spreads have fallen after the central bank tsunami: So have junk spreads but they remain wide: CFR sees big defaults coming: Acknowledging the enormous threat to jobs and incomes posed by the coronavirus epidemic, the Federal Reserve on March 23 pledged to use “its full range of authorities to provide powerful

The post Credit freeze continues appeared first on MacroBusiness.

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Six-month trial using new two-in-one solar inverter and EV charger shows massive savings of $7,000 to be had from driving on sunshine.