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MacroBusiness Friday, January 24, 2020 - 00:10 Source

In the week ended 23 January 2019, the CoreLogic 5-city daily dwelling price index, which covers the five major capital city markets, rose another 0.25%: The rise in values was broad-based: So far in January, dwelling values have risen by 0.64%, driven by Melbourne and Sydney: Quarterly dwelling values continue to rise strongly, driven by

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MacroBusiness Friday, January 24, 2020 - 00:05 Source

Over the past three years Australia has experienced an alarming rise in Nepalese international students. As shown in the next chart, which plots data from the Department of Education, Nepalese student enrolments ballooned by 212% in the three years to October 2019, growing from 21,000 to 65,700: This extreme enrolment growth has seen Nepal become

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MacroBusiness Friday, January 24, 2020 - 00:01 Source

Global Macro / Markets / Investing: Diversify Into Hard Assets, but Not Bitcoin, Says Billionaire Investor – BeInCrypto How One Chart Shows That Even The Harshest Critics of Capitalism are Too Soft On It – Medium Amateur Investors Are Making Risky Bets That Could Wipe Them Out – Bloomberg Mark Cuban, who made billions from

The post Links 24 January 2020 appeared first on MacroBusiness.

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Your Democracy Thursday, January 23, 2020 - 21:25 Source

quackery   Responding to a question on what he thought of climate activist Greta Thunberg's criticism of his administration's climate track record, Donald Trump replied by asking how old she was and<

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John Quiggin Thursday, January 23, 2020 - 18:37 Source

Looking at our elected leaders, it’s hard to avoid the feeling that we, as Australians, deserve the cataclysms that have been visited upon us in the last few months. And reading the international press coverage of the disaster, this is a theme that constantly recurs.

Yet its less than a year since 49 per cent of us voted for a policy program far better than that of the government that scraped in or the shell-shocked opposition that proposes to wait until 2022 before doing anything.

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MacroBusiness Thursday, January 23, 2020 - 17:00 Source

Fear is starting to spread among the bubblish risk markets across Asia with the Chinese virus contagion sending stocks sharply lower ahead of the Lunar New Year holiday. Chinese stocks are leading the selloffs, with the Shanghai Composite falling nearly 3% this afternoon, currently below the long held 3000 point barrier, while the Hang Seng

The post Macro Afternoon appeared first on MacroBusiness.

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MacroBusiness Thursday, January 23, 2020 - 15:55 Source

Via Domain: National fashion chain Jeanswest will shut nearly 40 stores across the country, running the tally of retail store closures to over 200 in the new year. KPMG administrators Peter Gothard and James Stewart announced on Thursday the company’s restructure would result in 37 stores being closed and 263 staff made redundant, including 21

The post Jeanswest tears itself to pieces appeared first on MacroBusiness.

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Renew Economy Thursday, January 23, 2020 - 15:32 Source

Victoria Liberal leader Michael O'Brien calls on federal Coalition to raise bar on climate policy, after announcing his Party's support of the need for state emissions reductions.

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Renew Economy Thursday, January 23, 2020 - 15:30 Source

Worker with power drill installing windbreaker on solar panel construction - Downer EDI optimisedDowner flags drop in earnings, citing connection bottlenecks and commissioning delays from its portfolio of wind and solar projects.

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Renew Economy Thursday, January 23, 2020 - 15:22 Source

aemoTo meet NSW consumers’ energy requirements and maintain power system security, AEMO has commenced activation with Reliability and Emergency Reserve Trader (RERT) panel members to secure off-market generation and demand management reserve contracts.  

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MacroBusiness Thursday, January 23, 2020 - 15:20 Source

In today’s webinar, hear from MB Fund’s Head of Investment Damien Klassen, Chief Strategist David Llewellyn Smith and Tim Fuller, as they cover “Will Coronavirus create a Market Hangover”. Topics include the pandemic spreading as the Chinese new year fast approaches, if the data can be trusted, Australian and macro implications if Chinese growth slows,

The post MB Fund Podcast: Coronavirus and sickening markets appeared first on MacroBusiness.

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Renew Economy Thursday, January 23, 2020 - 15:14 Source

Taylor confirms Australia to reach 48 per cent renewables by 2030, without wrecking the economy.

The post Taylor concedes Australia to reach 48% renewables by 2030 appeared first on RenewEconomy.

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Renew Economy Thursday, January 23, 2020 - 14:35 Source

JinkoSolar can announce that the maximum conversion efficiency of its bifacial solar modules reached 22.49%, breaking the previous world record.

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Renew Economy Thursday, January 23, 2020 - 14:34 Source

Data shows Scotland is likely to meet its 100% renewable electricity target in good time for the November climate meeting, making it an exemplary host.

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Renew Economy Thursday, January 23, 2020 - 14:32 Source

The Australian Energy Market Commission is pleased to announce two new executive appointments.

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MacroBusiness Thursday, January 23, 2020 - 14:30 Source

Veteran Telecommunications analyst, Paul Budde, has challenged the notion that the roll-out of 5G mobile across Australia threatens the viability of the National Broadband Network (NBN): First of all, anybody who has started to use video-based media over mobile networks seriously – beyond Facebook, YouTube and so forth – will have noticed that you will

The post NBN’s viability threatened by 5G roll-out appeared first on MacroBusiness.

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Renew Economy Thursday, January 23, 2020 - 14:21 Source

Construction on the world’s largest offshore wind farm – 3.6 gigawatts, or 3,600 megawatts – has begun near the coastal village of Ulrome, East Riding of Yorkshire, England, with the beginning of construction of the onshore infrastructure. The Dogger Bank Wind Farm is being developed by a joint venture between Irish renewable energy company SSE...

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MacroBusiness Thursday, January 23, 2020 - 14:00 Source

Last week, the Australian National Audit Office (ANAO) delivered a scathing report into the $100 million sports grant scheme — formally the Community Sport Infrastructure program — which was established in 2018 to give funding to grass roots sports clubs to assist with player growth. The ANAO report found that projects in target electorates identified

The post Scotty from Marketing taps Gaetjens to fudge sports rort appeared first on MacroBusiness.

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MacroBusiness Thursday, January 23, 2020 - 13:30 Source

The hits keep on coming for Victoria’s beleaguered West Gate Tunnel Project. After the project’s cost ballooned by $1 billion, and amid widespread criticism from transport experts and the state’s Auditor-General, it was revealed this week that the project could be delayed for another six months as the project’s builders, John Holland and CPB Contractors,

The post Dan’s West Gate tunnel farce escalates appeared first on MacroBusiness.

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MacroBusiness Thursday, January 23, 2020 - 13:00 Source

As summarised earlier, the Australian Bureau of Statistics (ABS) today released its labour force report for December, which registered a 28,900 increase in total employment and a decrease in the headline unemployment rate (from 5.2% to 5.1%). In trend terms, the unemployment rate also fell to 5.1%: Again, total employment rose by a seasonally adjusted

The post ABS employment in detail: Another dead cat bounce appeared first on MacroBusiness.

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Renew Economy Thursday, January 23, 2020 - 12:46 Source

hydrogen refuelling large - optimisedNew report suggests costs for hydrogen produced by wind and solar will halve in next decade, beating fossil fuels and presenting huge opportunity for Australia.

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MacroBusiness Thursday, January 23, 2020 - 12:30 Source

Via UBS: Wholesale electricity price futures are sharply lower Our updated wholesale electricity price forecast expects prices will average $74/MWh across the National Electricity Market (NEM) in CY20, declining to $70/MWh in CY21—reflecting a material revision down from our prior forecast. Baseload futures through CY20-21 are sharply lower than 3 months ago and our mark-to-market

The post UBS: Gas crash to provide power price relief appeared first on MacroBusiness.

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MacroBusiness Thursday, January 23, 2020 - 12:00 Source

A new study by University of NSW scientists warns that climate change is reducing inflows into Australia’s water catchments, which will cause chronic water shortages as Australia’s population balloons: “We are looking at an average of 20 per cent reduced reliability in the future across all the catchments considered,” said Ashish Sharma, a professor at

The post Australia’s water supply on a collision course with population appeared first on MacroBusiness.

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MacroBusiness Thursday, January 23, 2020 - 11:56 Source

Some blather from SEEK today trying to hide the obvious: SEEK data shows that a large proportion of Australians are looking and actively applying for interstate employment opportunities. Hobart is the most popular destination, with 64.3% of applicants coming from interstate or overseas. Brisbane followed, with 43.6% of candidates applying from external locations. Majority of

The post SEEK jobs ads plunge appeared first on MacroBusiness.

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MacroBusiness Thursday, January 23, 2020 - 11:45 Source

In today’s webinar (12:30 pm AEST, Thursday 23rd January), hear from MB Fund’s Head of Investment Damien Klassen, Chief Strategist David Llewellyn Smith and Tim Fuller, as they cover “Coronavirus and sickening markets”. Topics include the pandemic spreading as the Chinese new year fast approaches, if the data can be trusted, Australian and macro implications

The post MB Fund Podcast: Coronavirus and sickening markets appeared first on MacroBusiness.

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MacroBusiness Thursday, January 23, 2020 - 11:35 Source

But not weak enough for RBA’s meeting, I suspect. Via ABS: SEASONALLY ADJUSTED ESTIMATES Employment increased by 28,900 to 12,981,600 people. Full-time employment decreased by 300 to 8,834,700 people and part-time employment increased by 29,200 to 4,146,900 people. Unemployment decreased by 12,900 to 693,100 people. Unemployment rate decreased by 0.1 pts to 5.1%. Participation rate

The post Jobs weak but… appeared first on MacroBusiness.

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MacroBusiness Thursday, January 23, 2020 - 11:30 Source

Australian Finance Group (AFG) has released its housing finance data for the December quarter, which registered a strong annual bounce in the number and value of mortgage applications. The number of mortgage applications fell by 1.9% over the December quarter but surged by 18.9% over the year, whereas the value of applications fell by 1.8%

The post AFG confirms mortgage market bounce appeared first on MacroBusiness.

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Renew Economy Thursday, January 23, 2020 - 11:08 Source

W.A. has fallen behind in the renewables transition but there are encouraging signs it is ready to make up for lost time and ditch the “Wait Awhile” mentality.

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MacroBusiness Thursday, January 23, 2020 - 11:00 Source

Takes one to know one. Via BBC: Australian PM Scott Morrison has been accused of lacking leadership during the bushfire crisis – by the man he replaced after a party room coup. Malcolm Turnbull, who was deposed in 2018, told the BBC that Mr Morrison had misled the country by “downplaying” the influence of global

The post Turnbull: ScoMo is a climate psycho appeared first on MacroBusiness.

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MacroBusiness Thursday, January 23, 2020 - 11:00 Source

Over many years, this site has shown that Australia’s compulsory superannuation system is an inefficient, costly monster that needs fundamental reform. Our critique has often been centred around the inefficient and inequitable way that superannuation concessions are distributed, which perversely gives the greatest tax concessions to those that least need it least and are least

The post Australia’s superannuation system a giant suckhole appeared first on MacroBusiness.

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